(this post is from Fresh at PeopleInvested)
Conversation with a Senior House Representative on the Revalue of the Iraqi Dinar
To protect the member's identity who shared this with our forum earlier. Our member was able to speak with a SENIOR House Representative concerning the debt ceiling and any relation to the Iraqi dinar. In an effort to not MISQUOTE the lengthy conversation with this individual who was extremely cooperative - I asked the member to gather their thoughts and the notes and put together a very concise version to not misquote this very respectable individual!
Here's the (SUMMARY) of the conversation that took place over a Telephone at around 2pm est Today!
INFO ON HOUSE MEMBER CALL
(Member): can you tell me why we would be raising the debt ceiling when our treasury has a stockpile of trillions of dinars?
(Representative): where did you hear that?
(Member): I have done research on internet
(Member): How many dinars do we own (US GOV'T)?
Read More button on the right
(Representative): that is a good question. Trying to get an answer to that
(Member): can't we use those dinars for paying down the debt, or not raising the debt ceiling?
(Representative): that is all part of the negotiations, how it will be appropriated.
(Member): you know that the dinar is ready to revalue, and will be worth at least 3 X whatit is now- why aren't we gonna use that?
(Representative): part of negotiations
(Member): I own x amount of dinars, and I will personally owe x,000,000 in taxes, and I am just a lil guy. How much tax rev will be generated just from us private owners? Let alone the gov value.
(Representative): it is substantial
(Member): Bernanke was just on CNN saying he expects an infusion into the economy- was he talking about this?
(Representative) it's all part of the negotiations
Our member exchanged information with this incredible individual and he said he would possibly return her call if he got answer to some of the questions he couldn't answer.
**THIS IS A SUMMARY AND NOT INTENDED AS DIRECT WORDS IN THIS CONVERSATION - THE CONVERSATION WAS MUCH MORE DETAILED. IT WAS SHORTENED TO NOT MISQUOTE ANY MAJOR TALKING POINTS**