WHNT News - World is starting to learn...

[dinar_millions]

The Marshall plan lead directly to the German Economic miracle read the book "the Marshall plan and currency reform"Cambridge press..

[RVPleaseToday]

Even if that is so, what does that have to do with Iraq? I'm familiar with the Marshall Plan. But I don't see any resemblance to Iraq.

[rockfl9]

Dontlop: If Iraq decided to triple The value of the dinar IT WOULD NOT alter Iraq's GDP. When comparing GDPs you must use the same currency( In the usual case the USD) Iraq's GDP computed in dollars would remain the same .  The effect would be inflation in Iraq because the price of an import would triple.  

[ewingm]

We bombed them both back into the stone age.  But we needed a strong Europe to fend off the Soviets, whom we never trusted.  Gen. Patton wanted to attack them after we defeated Germany.  Ike wouldn't let him.  Iraq will rebuild itself with its oil revenues and outside private companies.  They don't need our help. Also the Marshall plan ws needed due to the enormous destruction of europe's cities, something we didn't due to iraq.   We are finished with Iraq.  Including its currency, which for some strange reason, Americans like to hoard in their mattresses.  It must make good stuffing.  We used to stuff mattresses with corn cobs, but found the dinar to be a little softer, but much more expensive to buy.

[dinar_millions]

Clueless Dueste mark went from billions to USD to being pegged at 4.20 to USD until the Euro was forced upon them..110% Historical fact..

[keepmwlknfny]

Real is the fact that they are using "The Marshall Plan"from WW2 As the blueprint for this..Why it worked then,Will work again..

Lol here you go again with that nonsense.....

If it is true, and they are using that as a blueprint for Iraq, how is it that you plan on making money off the dinar? If Iraq follows suit, they will change the currency and you could be stuck holding poo paper....yet you pump that plan as a solid reason for a revaluation lol...

[dontlop]

Dontlop: If Iraq decided to triple The value of the dinar IT WOULD NOT alter Iraq's GDP. When comparing GDPs you must use the same currency( In the usual case the USD) Iraq's GDP computed in dollars would remain the same .  The effect would be inflation in Iraq because the price of an import would triple.

I don't agree

Devaluing the dinar would cause imports to increase in cost

Look at the dollar

They devalue it by printing up dollars by selling debt to themselves

And you think that made imports cheaper ?

You can't buy a loaf of bread for a dollar any more

If Iraq increases the value of the dinar the imports would become cheaper

The exports may become more expensive

But the majority of exports in Iraqs case would not be affected because they are sold in dollars not dinar

If they were exporting the vast majority of its goods and services in dinar then yes

But 10%

It's like spending 5 bucks to save a nickel

You got to ask yourself why Iraq always had a high valued dinar

Its in their best interest to do so

They import way more than they export in goods and services except for oil and that's done in dollars

[dinar_millions]

The US made billions off Germany,We came out of Great Depression and vastly improved our infrastructure.

[dontlop]

If Iraq had 100 billion dollars worth of dinar to spend locally

Or they had 300 billion dollars worth of dinar locally

Which would yield the highest GDP for iraq?

Just look back at 2003 at their GDP and the amount of dollars worth of dinar they had then compared to now

And compare GDP numbers from then and now

[RVPleaseToday]

The U.S. motive for the Marshall Plan was to prevent the spread of communism. What does the U.S. want to prevent the spread of in Iraq? Camel dung?

[dontlop]

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy

[RVPleaseToday]

The great depression was before WWII, you know.

[dontlop]

Nothing more

Nothing less

[RVPleaseToday]

Great Depression : Began in 1929.

 

Marshall Plan: Began in 1948.

[dontlop]

The spread of dictatorships

And the promotion of a market economy

[dinar_millions]

Yes but,still going on when WW2 Started.

Marshall plan 1945 to 1958

[RVPleaseToday]

Great depression ended in 1939.

The War itself is what boosted our economy. Making all those bombs and stuff.

[dinar_millions]

WW1 gave us the Money to upgrade our manufacturing base

[RVPleaseToday]

Someone seems to be trying to reimagine history.

There is no such large scale rescue plan going on with Iraq.

[rockfl9]

Dontlop: EVERYTHING Iraq imports AND exports is done in dollars.  Dinars have no trade value outside the country. That is intentional. The CBI/MOF  main concern is to manage the internal economy. Thru the auctions they can limit what amount of goods will be imported.and the price of them in country. 

[dontlop]

they buy it with dinar locally

If the dinar is three time higher their wages would be three times lower

Iraq imports mostly dollars then goods and services come after that

Iraq imports 100 billion dollars in exchange for oil

Then they imports 60 billion in goods and services

Leaving them with a 40 billion surplus of dollars

They sure are not turning those surplus dollars into dinar

Or they would have 4 or 5 hundred trillion dinar now

But they are at around 78 billion

And they haven't added value to the dinar

Something got to give sooner or later

Edited May 17, 2014 by dontlop

[rockfl9]

Dontlop: Iraq is importing helicopters, aircraft, Material to grow oil exports. Those must be paid for in dollars, that is where your surplus is being spent. I don't believe there ever has been much of a surplus. Parlament would find some way to use it.

[dontlop]

GDP is wierd

If I was a country and I earned 100 dollars this year selling corn

That's not the GDP , 100 dollars

If I take that 100 dollars and buy a tractor from Jim the tractor guy

Now he earned 100 dollars so the country GDP is now 200 dollars

If the tractor guy buys some parts for his tractors with the 100 dollars then the GDP is 300 dollars

All from the 100 dollars I originally earned

That's why manufacturing is so important to a country they sell abroad

Iraq has natural resources to sell

So they bring in dollars that circulate locally and each dollar adds to the GDP many times

Dontlop: Iraq is importing helicopters, aircraft, Material to grow oil exports. Those must be paid for in dollars, that is where your surplus is being spent. I don't believe there ever has been much of a surplus. Parlament would find some way to use it.

No !

Your wrong

Their total imports are listed on the cbi web site

That is everything

Not everything then they add more imports secretly

Its total imports

Including military equipment and food and anything and everything they import

It's all accounted for in the total imports

They export 100 billion. And they are only importing 60 billion

They have a trade surplus every year

The reason why you don't see all these purchases is because some of it is financed and only the amount they pay each year towards these purchases are listed

Not the entire cost

Look up Iraq trade surplus

Just google it

Why do you think they publish these things

Just to make up fake numbers ?

[dinar_millions]

The RI of the Duestche mark paid for Social Security,Interstate Highway system and about 20 other New Deal Programs

[dontlop]

Iraq trade surplus

http://www.tradingeconomics.com/iraq/balance-of-trade

There's a chart on this link

Look right below it to see where they got the information

The central bank of Iraq

It says source

Central bank of Iraq right below the chart

Edited May 17, 2014 by dontlop