_Why the IQD will RV - SWFloridaGuru
1.Iraq says it will have the most valuable currency in the world. This requires a dramatic RV.
2.Iraq, i.e., people, businesses, government, cannot continue to operate with worthless currency.
3. Iraq may not enter the WTO without an internationally tradable currency.
4.Iraq may not be released from Chapter 7 without an RV.
5.Iraq is spending money like there is no tomorrow on U.S. jets, weapons, oil contracts, etc. Payment necessitates an RV.
6.Public Iraqi bank accounts are overdrawn and require an RV.
7.The RV is essential to meet the Iraqi 2012 budget.
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8.The RV is essential to combat inflation in Iraq.
9.The RV (raising of the three zeros) has been the plan from the beginning, before the invasion, as layed out in the 4 year plan.
10.The desperate financial needs of the Euro (global) crisis are producing enormous global pressure requiring an RV of the IQD.
11.The U.S. said the Iraq war would not cost us anything financially. The U.S. stands to take in $60 billion over the next several years from 4.3 trillion IQD owned by the UST and tax revenue on 2 trillion dinar owned by U.S. citizens.
12.Many world governments (e.g., China, Japan, and U.S.) own trillions of dinars and are depending on the RV to shore up their bottom lines.