Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?" DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?"

Go down

John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?" Empty John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?"

Post by RamblerNash on Thu Apr 27, 2017 11:43 am

John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?" 86d328b71f717a5b93af962e58196c9d?s=32&d=http%3A%2F%2F2.gravatar


SkipJack

@John you make a valid point, but once Iraq begins to produce oil in a substantial way, don’t you think reserves are going to sky-rocket? On another note…maybe you should explain that simple economics principle to the US admin…they apparently do not understand your valid point!! Just sayin’….

March 10, 2014 at 7:37 pm  





John Richardson: "how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV?" 7d4e04e668931169f0df2e9a4c642602?s=32&d=http%3A%2F%2F1.gravatar


John Richardson

“John you make a valid point, but once Iraq begins to produce oil in a substantial way, don’t you think reserves are going to sky-rocket?”

No because Iraq doesn’t sell oil in Dinar, and most oil revenue that Iraq gets it spends on reconstruction and not currency reserves…

The 2013 report jointly produced by Iraq & the IMF last year revealed a prediction of 5m barrels of oil by 2018 9up from 3m in 2013).

That works out to just an extra $73bn per year – how is that going to “back” turning a $74bn currency into a stupid $87,000bn RV? It would take Iraq 1,193 years to save up enough money for that – that’s how whacked-out stupid the “RV” scam is…


March 11, 2014 at 10:10 am  
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 18827
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum