Thread: r/v Before October 1st. with Clock Set

Rentonrolr, you're like a broken record, you never let up.

All these questions will be answered in a few days so chill out.

And I don't think SGS is YOUR honey !

Originally Posted by Cdn Scrooge

Not sure about your comment on 10 trillion in circulation. Seems to me I have seen 3 or 4 trillion mentioned as the amount in circulation. Could you please clarify where you got this figure from? Or can anyone else shed some light on this?

Thanks

I heard around 4 too.

Originally Posted by mountaingirl

I heard around 4 too.

There was an article not too long ago that stated 4.3 or 4.6--anyone remember that??

Just a thought that I think has already been stated.

It doesn't matter how many IQD have been printed or are in circulation somewhere.

Many countries have 'cancelled' huge debts for Iraq.

There are only two economic reasons I can think of for this:

1. Iraq will NEVER be able to repay the debt

2. They have gotten something of value in exchange.

As far as 1. goes, we all know Iraq is gonna be an extremely wealthy country
because of it's oil, so why cancel when you can just defer.

Brings us to 2.

What can Iraq give these countries now to appease them, that one day will
have great value.....of course IQD.

With some rules set to control how much these countries can use towards oil
purchase at any time it will be like giving these countries a massive discount
on their oil for years to come.

Everyone's happy.

When all this excess currency returns to Iraq through oil purchase, the
government can remove it from circulation without it having any significant
effect on the local ecconomy.

As if this extra currency had never really existed.

As I say, just a thought, but it would explain why there is more currency
than actually warranted ( if indeed that is so ), as it will never be in real
circulation.

Does that make any sense ?

I think them removing it from circulation would take away from there wealth? Am I right or wrong on this one?

I'm assuming any extra currency was printed with this plan in mind and was
never meant for circulation within Iraq itself for local use.

I guess it like giving these countries Vouchers to use against Oil purchase.

I'm just putting this forward as a Hypothosis, I have no documentation to
back it up, it just seems logical looking at all the evidence I've seen reading
though ROL.

Hey Rentonroir

so lets say the 10 trillion dinar was only in the hands of Iraqi's and it's not, and 10 trillion dinars equal 6.9 billion US dollars at the current exchange, and there were 25 million Iraqi's that means every Iraqi would be worth
$276 US dollars, are you kidding me, don't you see how ridiculous this sounds or am I missing something. ............

Originally Posted by rentonrolr

Wow... lets take a deep breath and calmly work the numbers here.

If the $1.68 number isn't yours, then great, you should have no emotional attachment to it, and hopefully we can explore some computations together.

Now, the reason I ask about money in circulation is because that number is a multiplier to any reval amount. If a reval is $1.68 and there is 10 trillion dinar, then that is a dinar Wealth of $16 trillion USD.

16 trillion USD is a huge number. Its bigger than the USA which only has about 1.4 trillion USD in circulation.

Thats 246 Billion barrels of oil at $65 / barrel. If the Iraqis can pump really quickly, and do 10 million barrels per day, it will take them 24,600 days or 67 years to pump that much.

The number is way to high.

So we go back to our two components. Either the $1.68 is wrong, or 10 trillion dinar is wrong. CBI says 10 trillion dinar is right. I understand you disagree with them. So what is the right circulation number? Are you still going with 4.3 B?

GIVE IT UP WILL YA???? WHO CARES WHAT'S THE CBI WEBSITE SAYS - LET WORRY ABOUT THE R/V SOON!!!!!!!!!!!! Gee do you even think the USA government shows us TRUE BOOKS??? FYI - THEY DON'T - was on the news a few weeks back that our own GOVERNMENT has two sets of books and that the USA is in more debt then ***** bush is telling the american people. Google our own governments accounting books.

Goodnight SGS

This smells of psychojerm or davedinar.......just a thought.

I read on the Bank of Bagdad that the CBI told them to do thier books on the old rate I think it was .31. I'll look and see if I can find it again..