Many ask me how can Iraq afford to pay out billions and billions of US dollar in order to exchange all these dinar investors? If Iraq is selling oil for petro-dollars than why is it so hard to see that our dinar exchanges will be backed by oil. Yes, oil will pay for it. …So, the U.S. is investing in Iraqi oil. What the US Treasury is going to is loan out the money for our exchanges knowing that later it has guarantees to broker the oil and buy from Iraq at lower than market prices…the U.S. treasury is going to mark up the oil and to bring it to market at market level prices thus resell it to the thirsty world and make a tidy profit. The U.S. will make billions maybe even trillions. This is why they are “fronting” the money for our exchanges. [Post 2 of 2]
