Question: 8.1% – would that translate to very much inflationary pressure? There is no direct connection between the rate of growth of the GDP in Iraq and the value of the dinar. The dinar is currently fixed in value. If however, the Gross Domestic Product of Iraq triples next year from the current 3% or whatever it is to 8.1% that is enormous economic growth. Take America, Under Obama we never got above 2%. Trump got us to 3.3% and we have the hugest economy in the world in two years…and it’s only 3.3% so if Iraq goes from 3% to 8% in 7 to 10 months or all of next year which is 18 months that is truly phenomenal growth.
It’s like what happened in China when we allowed them into the WTO. They went up to 12% growth. That’s how China became a threat to us. We made that happen. Anyway, if they [Iraq] go to that point the pressure on the dinar’s value which is currently fixed would be enormous and they would be foolish not to let it float to reduce the inflationary pressure…there is no direct connection between 8.1% and how much money we’re going to make. But I can say this, if they go to a float and if they get to 8.1% you’re going to make a lot of money. A lot of money. That’s all I can say.
