by Vixen » Tue Jul 02, 2013 9:22 am
7-1-2013 *Mailman17 ~IN REFERENCE TO THE ARTICLE STATING THE CBI HAS THE RESERVES TO BACK THE DINAR AT 2.50 CENTS. THIS ONLY MEANS THEY HAVE ENOUGH RESERVES TO BACK THE 30 TRILLION M2. AT 100%...AT 1166. REMEMBER...THE M2 IS COMPRISED OF BOTH PHYSICAL CURRENCY AND VIRTUAL(ON PAPER).IF...THEY ARE NOT WORRIED ABOUT WHATS OUTSIDE IRAQ WHICH WILL BE USED BY OTHER COUNTRIES AS RESERVE, THEN THEY HAVE NO NEED TO WORRY ABOUT WHAT LITTLE IS INSIDE IRAQ ESPECIALLY OUTSIDE THE CBI. AGAIN, THEY WILL BE ALLOWED TO GO TO FRACTIONAL BANKING ONLY BACKING THE CURRENCY INSIDE IRAQ AND OUTSIDE EITHER THE CENTRAL BANKS HANDS OR GOVTS. THAT IS WHY A 1-1 IS THE MOST LIKELY SCENARIO..JMO.