wmawhite says CBI has enough reserves to do a 1 to 1 RV

by **Ponee** Mon Nov 02, 2015 1:21 pm

wmawhite

this is from the CBI as of today: "Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees' salaries, and cover the projects, "pointing out that" Iraq reserves estimated at more than 1,500% ".

What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.

by **Terbo56** Mon Nov 02, 2015 1:45 pm

No, they can't- They don't have enough money to buy a 'post it' sticker as a band aid, for a sore frog's conundrum- hemademe

by **dwm007** Mon Nov 02, 2015 1:53 pm

Ponee wrote:
wmawhite

this is from the CBI as of today: "Keywords and said in a statement to Agence {Euphrates News}, that Iraq has a reserve of cash currency, which protect him from falling into an economic crisis suffocating, or the inability of the State to provide the employees' salaries, and cover the projects, "pointing out that" Iraq reserves estimated at more than 1,500% ".

What everyone needs to understand is that the CBI has enough in reserves that if they wanted to change the value to a 1 to 1 they could do just that.

No it does NOT mean that at all! It means they can back their current at 1166 to one or maybe just a tad lower if they cut it to ragged edge, a one to one exchange would take over a thousand times what they have in their reserves since they would be backing TRILLIONS of Dollars worth of currency in stead of Billions!

Of course this idiot knows this but he's hopping people are to dumb to figure out the truth.

wmawhite says CBI has enough reserves to do a 1 to 1 RV