ayrnay22

exactly it would be .0035 cents equals 210 billion

Im sticking with option 3 still here's some more math for u Iraq produces 2.9 million barrels a day that's 839 mil a year it would take 238 years to extract all 200 billion barrels in the ground and at a right now rv of 1:1 they can't back the 30 trillion dinar in circulation and like said above the petrol dollars theory is that theory saudia Arabia Kuwait etc won't let that happen but in roughly 10 years Iraq has increased its value of dinar from around 2000 to 1160 at that rate u would see a 1:1 rv in 11 years but pre war Iraq was at 3:1 so unless they rv at that initially on future oils speculative then just hope for .01 to .10 conservatively and pray it comes before another civil war

I think the 3 rd option is the plausible one i posted a topic today simple math it shows what numbers if true and explains how to back an rv but a 1:1 I don't think will happen any time soon unless like stated above outside Iraq they are cashed as petrol dollars in that case the rv would have to be at least 3:1 if there is really 200 billion barrels in the ground in Iraq

That's what I figured for a realistic rate .01 to .10 which is a profit but not a substantial one initially yes 150 a barrel isn't a stretch with 200 or 225 in three years a real possibility but that is only because the time to actually withdraw 200 billion barrels won't meet the global demand so on an optimistic note an rv of 3.24 to 4.66 that I've read would make any country holding a few trillion dinar as oil credits basically buying a 225 usd barrel would only cost 69 dinars if u had them to give back to Iraq that's (225/3.24)=69.44 That's what I figured for a realistic rate .01 to .10 which is a profit but not a substantial one initially yes 150 a barrel isn't a stretch with 200 or 225 in three years a real possibility but that is only because the time to actually withdraw 200 billion barrels won't meet the global demand so on an optimistic note an rv of 3.24 to 4.66 that I've read would make any country holding a few trillion dinar as oil credits basically buying a 225 usd barrel would only cost 69 dinars if u had them to give back to Iraq that's (225/3.24)=69.44

Basically all the oil in the ground 200 billion barrels would have to be sold at 150 usd each to cover the 30 trillion dinar in circulation I don't see the us or China paying that for a barrel of oil

Just math thought explaining it in billions would put it in perspective I've read most articles that state 30 trillion dinar printed and that oil reserves in Iraq are around 200 billion barrels so when everyone gets excited that Iraq possibly has 812 billion I don't see how that will help with an rv a trillion is a 1000 billion so if there is 30 trillion dinar out there 812 billion is almost 1 trillion that's far away from the 30 trillion out there The 25 trillion in circulation is in the article above in 1990 it was 25 billion now 25 trillion so if u want a 1:1 rv the 200 billion barrels in the ground would have to be sold at 150 a barrel usd to cover the 30 trillion in circulation

This is just the math I came up with after reading some articles in the news section there is 30 trillion dinar printed in circulation supposedly that's 30000 billion we are told cbi and Iraq has 812 billion in reserves and 200 billion barrels of oil in the ground at 90 a barrel that's 18000 billion that's a total of 18812 billion if they had the oil ready for sale take that from 30 trillion that leaves u short 11188 billion short at a 1:1 revalue so why would a 1:1 happen now with the oil still in the ground just wondering why no one talks about the fact that even speculating on future wealth due to oil doesn't help Iraq financialy now but keeping the rv off till they have more oil to sell or having more money in the reserves makes more sense with 812 billion now what's the rush for an rv and one at 1:1 seems like economic suicide in my opinion

Does anyone realize the difference between 30 or 25 trillion and the 812 billion they supposedly have even if most large notes are out of circulation and they have supposed 112 to 200 billion barrels still in the ground at 90 a barrel but remember its in the ground if a revalue of 1:1 happened and only a few trillion were cashed in there 812 billion wouldn't cover it but at .10 to .50 cents they possibly could until a second revalue of 1 or 1.25 a year later with an eventual set rate of 3.00 or 3.25 in 3 to 5 years or a managed float they can't just come out lift or remove the three zeros without more oil to sell and money to back a sudden revalue Net me if u want but 30 trillion is 30000 billion there only 29188 billion short with 200 billion barrels in the ground not ready for sale at 90 a barrel is 18000 billion still short 11188 billion

The same 5.25 that last night they backpedaled on saying it was a holding rate on the front screens just go back two weeks for the list of banks that were letting u cash in I think it was Atlanta Ohio and Texas Paul Harvey is rolling over in his grave

Another thing Paul Harvey is rolling over in his grave

This was the first site I followed just hadn't joined till recently I enjoy Adam Montana and currency newshound but oom and okie and the rest are filed under doozies on another site that should be an indicator for any intelligent investor new or seasoned

Still tryin to understand the reasoning of pumpers if I wanted to sell or pump dinar I wouldn't call an rv daily or hourly if u have common sense it would tell u after ur initial investment that if an rv had occurred or was occuring u wouldn't have much of a window to invest more and after the first failed calling of the rv ur credibility goes out the window in my opinion I'm new to this 2 months but from the sites I view there isn't much solid Intel

What is the reasoning that he is a pumper if the rv had occurred wouldn't sales stop and I'm also wondering doesn't common sense tel u if the same bs is told day in and day out then u move on maybe okie is a weatherman gets paid 90000 a year to be wrong 90% of the time forecast calls for an rv Thursday thru Monday possibly Tuesday with a chance of bs daily