Replies to post #18891 on Iraqi Dinar Discussion Board (IQD)

[waggett]

Agree on all points. Even if they could swing the same 80% reduction from the remaining creditors that they received from the Paris Club they still owe somewhere in the neighborhood of $200 billion. They can't hope to negotiate multiple deals to whittle down that $1 trillion remaining debt and pay it off by next December when the UN protection of their assets ends, and if the protection the UN is providing is not renewed there will be a feeding frenzy among the creditors to seize any assets they can to satisy the debt.

The UN would have to extend the protection for several more years to prevent this sort of financial bloodletting and if they were open to that and wanted to send a message that would motivate creditors to settle now, then why did they only give the Iraqis a one year extension on the protection of their assets rather than the full amount of time they'll need to accomplish the task?

[realest]

well surely their dollar is nearly on par with ours as we are starting the printing presses soon. I think we're all pretty well screwed in one way or another.

If our dollar deflates and the IQD inflates in comparison IMO, it's still a goldmine for us. If you are debt free, then wait till it appreciates. If you are not debt free and you hold the IQD, then you may be able to exchange it and get debt free. Either way, good for us as i see it.