Iraq gets its volume back and watches the price fall out from under it. The barrels are moving again. They are just worth less…So that is what he is carrying to Washington…A country burning its reserves to stretch a weak currency over a swollen payroll…The one lever that actually changes the arithmetic is the worth of the dinar itself: a currency re-anchored to the gold and the oil Iraq genuinely owns…And no nation reprices its currency without a nod from the people who run the system…Cut spending, borrow more, drill harder, or change what the dinar is worth. The first three are already failing. And the fourth was never Baghdad’s to decide alone, which is what the trip to Washington is really for. Reset Intelligence [Post 2 of 2]
