TO THE NAYSAYERS THAT CONTINUE TO POSTULATE THERE IS NOT ENOUGH MONEY IN THE WORLD TO REPATRIATE ALL THE DINAR OUT THERE…
THIS SCENARIO WOULD WORK TO REDUCE THE NUMBERS SIGNIFICANTLY…
THE MATH IS THERE IN THEORY…
MOSTLY BECAUSE THE OIL THAT IS BEING SUPPLIED IS WAY CHEAPER THAN THE OIL CREDIT VALUE AND WHAT HAD TO BE PAID FOR IT TO BEGIN WITH…
WHICH IS DINARS…
YOU CONVERT A CERTAIN AMOUNT OF DINARS TO A CERTAIN VALUE OF OIL CREDITS…
WHICH IS PAYING SOMETHING WORTH SOMETHING FOR SOMETHING THAT IS VALUABLE…
WHICH CAN THEN BE SUPPLIED VERY CHEAPLY…
TO MAKE THIS MAKE SENSE I WILL POSTULATE AN EXAMPLE.
OIL CREDITS OF $30/BARREL…
WORTH WHATEVER THE GOING RATE FOR OIL IS…
ABOUT $70 TODAY BUT HISTORICALLY AS MUCH AS $115…
SPRING INTO EXISTENCE FOR A VALUE OF X NUMBER OF DINARS…
AND A BARREL OF OIL IS SOME $5 TO PRODUCE…
SO INSTEAD OF REPATRIATING DINAR AT WHATEVER THE STREET RATE WILL BE THEY TRADE X DINAR FOR AN OIL CREDIT THAT SOMEONE ELSE VALUES MUCH HIGHER TO GET IT…
AND GET OUT OF THE WHOLE THING WAY MORE CHEAPLY…
THE DINAR IS TRADED IN AND CONVERTED TO AN OIL CREDIT FOR A CHEAP SUPPLY OF OIL…
IRAQ GETS OUT AT A FRACTION OF WHAT IT WOULD COST TO TAKE IN THE DINAR ON THE STREET RATE…
SO BASICALLY… FROM IRAQ’S STANDPOINT A HUGE AMOUNT OF DINAR IS TAKEN UP FOR A CHEAP SUPPLY OF OIL…
THEY SUPPLY THE OIL CHEAPLY TO THE OIL CREDIT HOLDER…
THE OIL CREDIT HOLDER IS HAPPY TO BE GETTING THE OIL FOR THE OIL CREDIT PRICE.