1-9-2015 *Adam Montana

[Vixen]

1-8-2015 *Adam Montana ~[do you think the low gas prices as of late would give speculation that Iraqi will RV soon [and] where will the trillions of dollars come from when a RV occurs...?] The price of oil doesn't have anything to do with "if" or "when" they RV, but it could have an impact on the RV amount. We'll just have to wait and see what they do with that one. Regarding where the money comes from to cover the increased value, that's easy. ...they won't be handing out physical cash to cover your currency. That's the beauty (and shame) of all fiat currencies like the Dinar or the USD. As long as the world will accept Iraq's promise to honor the value they state their currency is worth, that's all that matters. Iraq has vast amounts of liquid gold, their production keeps increasing, they continue to make positive progress with their government, etc etc... all that adds up to bolster their credit-worthiness.

1-9-2015 *Adam Montana ~The price of oil will have an effect on how high they can RV, but for them to try to wait for oil to go back up would be foolish... I believe Iraq is smart enough to understand that concept... so their smart play would simply be if they were going to RV at $1 with $100 per barrel oil, then they simply RV at .50 with $50 per barrel oil.