ronscarpa Posted September 4, 2013 Report Share Posted September 4, 2013 Stryker Blog Post - 09/04/2013 Between April 2003 and June 2004, $12 billion in U.S. currency was shipped by the United States of America to Iraq to stabilize the Iraqi economy. Billions were said to be stolen, but this is not why I am writing about this today. I am writing this to show how the Iraqi money supply (M2) can be manipulated by the use of a dual currency economy. At the current 2003-2004 exchange rate of 1477 dinars to every $1 USD those $12 billion USD was equal at that time to 17 trillion 724 billion dinar. Or over half of what Iraq shows as their current money supply now, according to what these Iraqi reporters are reporting in their articles today. This money was not just given to Iraq, it was already their money via frozen assets recovered by the US after the fall of Saddam. Furthermore, this money was never taken out of the Iraqi economy even after the NEW IQD was printed and exchanged for the OLD IQD. To this day, Iraq is running their local economy on two currencies, the Iraqi dinar (IQD) and the US dollars. So it just makes sense that their money supply is also made up of both currencies but yet the only number that is ever talked about by the CBIand the GOI is in trillions of dinars. We know that the USD is an official Iraqi currency because one of the measures thatthe CBI has taken to control money laundering is to limit the Iraqi citizen to $5,000USD per month. This in itself tells me that the Iraqi citizens are using the USD as local currency alongside the Iraqi dinar on a daily basis. We also know this by the many articles that state the Iraqi’s would rather use the USD because the IQD is so worn-out in a lot of provinces. The locals in these provinces state that the CBI says they will replace the damaged currency but they also state that they have not as of yet. This dual currency economy allows the CBI to adjust the money supply by the USD at well, meaning that they could insert electronically USD into the M2 and reduce the same M2 figures by IQD at the same time. I believe this is why a few articles over the last few days are referring to a new program of Petrodollars. We also know that the plan is to reduce the IQD from trillions to billions in circulation so I will end with this thought. What IF the real number in the M2 in IQD is now in the billions and the balance is in USD? This is possible because most everything except for salaries is being transacted in USD? The CBI really only needs to make sure that there is enough IQD circulating back into the local banks to purchase the USD through the daily auctions. At the time of currency reform all the CBI would need to do is announce the new rate according to the real figures of the IQD in circulation and then announce the de-dollarization of the country. I could be completely wrong in my opinion on this but it is amazing that the CBI doesn’t differentiate between the two currencies in their accounting. Supporting Links:Book: Global Financial Warriors International Finance by Dr. Taylor Billions Over Baghdad Billions Over Baghdad Video 8 Link to comment Share on other sites More sharing options...
hame55 Posted September 4, 2013 Report Share Posted September 4, 2013 Ron Excellent find and idea here. We have often felt the money supply was being manipulated and this could be how. They do not have to tell the public the truth - perhaps the IMF must know, but the public? Under sanctions, it is highly likely that these numbers do not need to be public - and tho not under chap 7 now, they are still under UN sanctions (chap 8 I believe? or will be...) and this might allow them to hide numbers. They may be able to do this anyway, regardless of the UN. This runs parallel witht he idea that they have been reducing the IQD money supply in country over the years thru auctions or just not replacing worn out money. Of course, it doesn't help our case that billions in IQD have been, and are being, distributed through the world by dealers...some have said the CBI ignores that, but it's still a lot of IQD. Perhaps not - we may be fleas on the camel's back, so to speak...LOL 2 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted September 4, 2013 Report Share Posted September 4, 2013 ***/// We like this article. Big thank you to, RONSCARPA - a guy so hot he never has to turn on the heat in the cockpit. 1 Link to comment Share on other sites More sharing options...
caz1104 Posted September 4, 2013 Report Share Posted September 4, 2013 (edited) One thing for certain...............nothing is certain when it comes to Iraq. I have never believed anything (pro or con) that comes out of Baghdad or DC. Edited September 4, 2013 by caz1104 2 Link to comment Share on other sites More sharing options...
keepmwlknfny Posted September 4, 2013 Report Share Posted September 4, 2013 Its the currency issued outside of banks that we need to watch...... M2 doesnt really matter a whole lot when it comes to backing the value of the dinar...... His article claims that only about 3 billion actually made it into their hands and it was to keep the govt running.....not like it was just handed to the CBI for safekeeping in a vault so of course you cant "pull" that back out of the economy....it was being spent! And no way to tell how much USD is circulating in Iraq so how could you even attempt to claim numbers in USD on their accounting records?? Just like our treasury cannot account for how much foreign currency is in circulation here.....they dont know who holds what. And with all the smuggling of currency over there (especially USD) I dont think there is as much USD on the streets as we are all meant to believe.....(as far as it out numbering dinar) 1 2 Link to comment Share on other sites More sharing options...
ronscarpa Posted September 4, 2013 Author Report Share Posted September 4, 2013 Thanks Hame55 & Fury...appreciate the remarks (+ each)...! Link to comment Share on other sites More sharing options...
calkid11 Posted September 4, 2013 Report Share Posted September 4, 2013 thank you Ron for the post, it gives us something to think about. ...GO RV Link to comment Share on other sites More sharing options...
sandfly Posted September 5, 2013 Report Share Posted September 5, 2013 MAN THATS GOOD THANKS Link to comment Share on other sites More sharing options...
josiewalles Posted September 5, 2013 Report Share Posted September 5, 2013 Thank you for information! Link to comment Share on other sites More sharing options...
dinarbeleiver Posted September 5, 2013 Report Share Posted September 5, 2013 Its the currency issued outside of banks that we need to watch...... M2 doesnt really matter a whole lot when it comes to backing the value of the dinar...... His article claims that only about 3 billion actually made it into their hands and it was to keep the govt running.....not like it was just handed to the CBI for safekeeping in a vault so of course you cant "pull" that back out of the economy....it was being spent! And no way to tell how much USD is circulating in Iraq so how could you even attempt to claim numbers in USD on their accounting records?? Just like our treasury cannot account for how much foreign currency is in circulation here.....they dont know who holds what. And with all the smuggling of currency over there (especially USD) I dont think there is as much USD on the streets as we are all meant to believe.....(as far as it out numbering dinar) your post is very positive a plus 1 from me and we'll done your analysis is genius Thanks Ron I like Stryker Link to comment Share on other sites More sharing options...
zigmeister Posted September 5, 2013 Report Share Posted September 5, 2013 Interesting especially with the article stating the dinar that is out is now 4 billion notes. Link to comment Share on other sites More sharing options...
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