January 2020 – The Iraqi parliament had just voted to expel US forces…A reporter asked President Trump how the United States planned to recover its costs if it left.
The verbatim exchange:
Reporter: “How are you going to collect?”
Trump: “Well, we have a lot of their money right now. We have a lot of their money. We have $35 billion of their
money right now sitting in an account. And I think they’ll agree to pay. I think they’ll agree to pay. Otherwise, we’ll stay there.”
The $35B sitting in an account is Iraqi oil revenue held at the New York Federal Reserve…At today’s official rate of 1,310 IQD per USD, $35B sits as roughly 45.85 trillion Iraqi dinars. The arithmetic of repayment, alongside the arithmetic of every IMF programme, every World Bank facility, and every US Treasury sanctions calendar, only resolves cleanly if the underlying currency stops trading at one-tenth of a US cent. : Reset Intelligence
