Hey… that’s in the IBOX, that’s fact you know. LOL
That’s really is a good one. I remember many times hearing “Iraq must RV or they will be giving the country away for pennies on the dollar”.
It never made any sense… but now it seems they’ve come full circle because this plan requires Iraq to give the country away for pennies on the dollar just to RV.
Think about how ludicrous this plan is.
Say they RV to 1:1… and the Fed takes in 5 trillion dinars and somehow comes up with $5 Trillion to pay people off. So the fed destroys the currency and ask for oil as payment.
Iraq currently sells 2 million barrels a day at say $85 a barrel. That’s $62 Billion a year.
Iraq would have to give us all their oil for the next 80 years to pay that off that 5 Trillion. Iraq would have practically no revenues for the next 80 years.
And remember…. that would only take care of 5 Trillion… they would still have about 20 trillion floating around… and they would be flat broke for 80 years.
Sounds like a great plan to me!!
This also would be a great sticky.
Dow Jones Newswire: A current 25,000 Iraqi dinar banknote will become IQD25, and a dollar will equal only 1.17 dinars.
