I’m not a biologist nor a IQD guru. However I’ve been reading a lot of what is posted here, and I recently stayed at a Holiday Inn Express.
I do know that fiat currency is all manipulated to make the rich more rich so they can maintain their fancy lifestyle. I hear many people say that the USD will crash, but I don’t think so. Let’s say I make $15/hr for flipping burgers. I still have to pay for things to survive. I still have to pay my rent and utilities. I still have student loans. I still have a car note. Bills, bills, and more bills. Things to keep me distracted and paying taxes. I might have a few bucks left to get some beer. Gas prices go up and food prices follow. I still need to drive to work or at this point bike to work. I get a discount at Funny Money Burgers so I can still eat on a tight budget. If my employer runs the numbers using financial ratios, they will have to double the prices for food. You think customers will like that? No customers, no money to run a business. We will all be out of a job. You think Corporate America wants to fail and have a Walking Dead scenario where all hell breaks loose or the proverbial SHTF. Mr. CEO doesn’t want us to break into his fancy house, raid his bar, and smoke his cigars, or mess with his fancy car collection.
With that said, the USD can’t crash because it’s the currency we use daily to trade for stuff. Stuff keeps us happy. I know this is very simplistic, but Iraq many businesses and people who depend on the USD. If Iraq can RV this baby, they can convert their IQD to USD, removing the circulated fiat toilet paper because now it will be digital money in their bank account. The Iraqis will have lots of funny money to spend and build businesses that create jobs.
Money is based on you and I believing it’s value. It’s just paper and ink using fancy tech to prevent counterfeiting. Iraq banks will have more money to manipulate for loans and other investments. It’s funny money that buys real stuff, and Iraq has all those natural resources which is the really real stuff the world needs.
Iraq will be able to rebuild their country like never before. The US government will love all the taxes from when we convert our IQD. US banks will want all the new millionaire customers so they can manipulate their spreadsheets and make more money. It’s a win-win for everyone as long as we believe the illusion, and use our funny money to buy new shiny things that make us happy and keep us out of Mr. CEO’s stuff and eating his prized poodles.
So in a nut shell, IQD is just Monopoly money just like all global currencies (even Crypto) because we believe it has value for trading.
I still believe we can get $3 USD per 1 IQD.
I’ll just leave this here and let the PHD’s in finance and grammar Nazi’s correct me.
Btw, let’s go Brandon!