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Post by chevysteve Sat Mar 31, 2012 12:03 pm

I know there are some very smart folks here so I have a question I wanna throw out there and see if I get a better understanding. Captnjerry as well as some others here I think can help. Thanks in advance for your help.

Question is......... Captnjerry the othed day had a post about the M2 supply being at 33 TRILLION Iraqi Dinars. I have also read this on several other forums as well as news sights and I understand it. Now, if they Lop the zero's (3) and get the M2 supply to 33 BILLION, which I understand also by research, How can Iraq even fund thier budget?? I mean, we all read articles whereby Iraq allocated 10 Billion for this and a Hundred BILLION for that, another 50 BILLION here and 30 BILLION there and so on and so on.

Point is, how can they be spending so much money, or at least allocating the money, and turn around and Lop thier M2 supply to 33 BILLION??

I'm sure thier is a logical explaination and I just want to understand it better. That's all.

Thank You,

ChevySteve
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Post by ou812 Sat Mar 31, 2012 12:35 pm

I guess they knock 3 zeroes off of there budget allocations also.

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Post by rick152 Sat Mar 31, 2012 12:40 pm

Good Q chevysteve, Anxious to hear what answer(s) you get.

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Post by his4evr2c Sat Mar 31, 2012 12:47 pm

@ou812 wrote:I guess they knock 3 zeroes off of there budget allocations also.
Funny :bom:

No idea yet Good question :queen:

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Post by chevysteve Sat Mar 31, 2012 12:54 pm

@ou812 wrote:I guess they knock 3 zeroes off of there budget allocations also.

I thought about that also ou812.. I'm not sure what the answer is but, even if they knocked the zero's off the budget to coincide with M2, 30 or 40 Billion won't go a long way for a country who needs probably Trillions of Dollars just to fix thier infastructure let alone anything else.

Heck, I don't know:scratch: scratch
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Post by therealbutterfly Sat Mar 31, 2012 3:24 pm

They adjust the budget too. Everything gets adjusted with a redenomination. Right now their budget is 100+ trillion and would just go to 100+ billion. Kinda like how they always quote the amt in USD value too, it would basically be equal to that. Hope that makes sense. Smile

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