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Francis Albert says if the Dinar comes out low and floats, the rise in value will not be paid by Iraq
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Francis Albert says if the Dinar comes out low and floats, the rise in value will not be paid by Iraq
Francis Albert
Firstly, you will exchange your Dinar, (fiat, not asset backed as you conjecture) for Dollars. The Dinar will come back to Iraq through the FED and the UST and oil credits. Iraq doesn't have to come up with Billions of dollars for Dinar outside the Country. Iraq will eventually be extinguishing the 25,000 IQD with oil.
And if the Dinar comes out low and floats, the rise in value will not, I repeat, not be paid by Iraq, it will come from other investors buying Dinar just like with stocks.
Hope this helps your understanding.
Secondly, why is it you can exchange FRN's for gold and silver today? Who would do that you ask? It's done everyday.
As Backdoc states the Dollar is the King of the Hill, the top of the heap, (for now), and the World's only reserve currency.
Would China like to have this honor, you bet...not anytime soon IMO.
03.01.2017
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
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