Charlie well what i'm sharing tonight, i remember hearing way back in "the day"
Charlie we had long discussion about pegging to oil
tudor yes we did
Charlie so we talked about pegging to oil years ago
Charlie and recently here
Charlie i did numbers back then, looking at the M currencies -- the analysis was way off, but when i started analyzing last week i started noticing some correlations -- iraq is a cash driven economy
Charlie one had to hope that this would change and money markets develop and capital flows into the country -- today we still see a heavy oil dependent economy