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strongtower

02/05/09 6:13 AM

#19512 RE: Aerospace #19510

Hey Aero here is a fact about the buyback. I had to pull out my Texas Instrument calc from college to find these numbers since they are so large. If Iraq is putting away 1.5 billion dinars after they flooded the markets with it. It will take 55 years of buying 1.5 billion dinars per month just to retire 1 trillion lolol. So I guess a RV might come in 150 years or so according to somebodies constant buyback pump. So the buyback pump is just stupid.
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Rasica

02/05/09 1:33 PM

#19523 RE: Aerospace #19510

Aero-- Again this is a wrong presumption. The $1 to $1.5 Billion Dollar USD Buy Back of the Iraqi Dinar was due to the windfall of $60-$80 Billion Dollar USD from Oil revenue in 2008. The Buy Back as the LEVER to maintain Tight Monetary Policy of controlling consumer prices began in July 2008 as the New York Times Stated.