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Aerospace

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Aerospace

Re: None

Tuesday, 04/06/2010 10:33:32 AM

Tuesday, April 06, 2010 10:33:32 AM

Post# of 29692
Money Supply Numbers
http://www.cbi.iq/documents/key_financial.xls
Scroll down to line 80, Item 5.
MONEY SUPPLY
M1=37.3 Trillion
M2=45.4 Trillion
Deposits component of M2=23.6 Trillion
So if you take M2 and subtract the deposits you are left with currency in circulation.
45.4 minus 23.6 = 21.8 (currency n circ)
Which is verified by looking up at Line 75 which they call Currency outside of Banks. Currently 21.8 Trillion.

So yes… the money supply is 45.4 Trillion.
M1 and Currency in circulation are just smaller parts of the money supply.
The M2 number is the number they really have to support. If you don’t think that then try telling all the people with bank accounts that they wont get the big RV, only cash holders.

Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.

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