Breitling

The inflation for Iraq is artificial inflation.  You go back and look, How many customers did Iraq have back in the day?  How much oil were they selling?  What was the value of the currency back in those days?  $3.22 value.  How many customers do they have today?  They have way more customers.  They have more production.  The price per barrel is more than in those days when it [the dinar] was $3.22.  It’s not a market bearing inflation, it’s artificial inflation.  They have more customers.  They have a bigger reserve than they’ve ever had.  One of the biggest in the world for the US dollar.  That’s the reality that you’re looking at.  You are sitting on a gold mine.