I DO AGREE WITH BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, IT’S WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO…
THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY.
WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR.
AT THAT TIME THE RATE WAS 4000-1.
ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISN’T THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES.
THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE.
WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL.
SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES.
A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD.
REMEMBER PHOSPHORUS?
I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW.
IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT.
THEN I BELIEVE REFORMS WILL TAKE OFF ASAP.
AND I HATE TO BRING UP HISTORY, BUT IRAQ’S FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST.
SOMETIMES WHAT YOU SEE ISN’T ALWAYS WHAT IT IS. IRAQ IS READY…ARE YOU? I KNOW I AM…AS ALWAYS JMHO.
