janderson

I was reading his rate prediction and I just don't understand how the math works: 1 trillion IQD at 3 USD per dinar (minus 25% spread) is 2.25 trillion, not 225 billion. And for the 10 cent RV: 1 trillion IQD at a 10 cent RV is 100 billion, not 1 billion. At first I just thought there was some mechanism in there that I didn't understand, but one of his sets of numbers is 10x less than you would expect, and the other set of numbers is 100x less than you would expect, so now I'm just confused. Does anyone understand this? I also don't understand what he means when he says: Saddam was taken out of power in 2003. According to the CBI the exchange rate in 1995 was already 3,000 to 1. Is he saying the CBI is putting out false information, or is there something else I don't understand here? Thanks for any help, I'm geniunely confused about all this stuff.

In the mid 90s the rate was already 3000 to 1: http://www.cbi.iq/index.php?pid=History So a 150,000 dinar home in the year 2000 would be equal to about 50 USD back then.