Bloodloch: "lower denomination currencies valued near to US dollar equivalencies, it's going to float like a ballistic missile" 8/28/19

by **RamblerNash** Wed Aug 28, 2019 10:48 pm

Bloodloch

If the triple-zero Iraqi dinar is allowed to float, in conjunction with the introduction of new, lower denomination currencies valued near to US dollar equivalencies, it's going to float like a ballistic missile.  Am I worried that they can't do that with 42 Trillion IQD in outstanding currency?  Nope.  Why not?  Because their annual Gross Domestic Product is 269 Trillion IQD.

Does that mean we can divide the first into the second and get an exchange rate?  Nope. That's just the velocity of money formula.  Does that mean if they stop the auctions and everyone inside Iraq's borders must then conduct all business with both old triple-zero, and the suspected upcoming new three-missing-zeros Iraq Dinar notes and coins, existing side-by-side as promised, that their money supply will plummet in terms of face value outstanding and that less of a thing is a more valuable thing? Yep.

8/28/19