rockfl9 Posted February 17, 2015 Report Share Posted February 17, 2015 Usually accepted that a country cant go bankrupt. It just screws all its creditors and moves on. Starts over. Everything is voided. Iraq isnt there yet . Will anyone loan them money? If not what can they do. This is a critical year. Will oil come back to $100??? Link to comment Share on other sites More sharing options...
Still Posted February 17, 2015 Report Share Posted February 17, 2015 If Iraq is bankrupt it would present a great problem for the dollar because they would have t to find a way to get the oil back up soon. I don't want think about such a thing. Link to comment Share on other sites More sharing options...
rockfl9 Posted February 17, 2015 Author Report Share Posted February 17, 2015 BUT ,if the Iraqi production is pulled off-line , there would be a shortage! Price would go up at least short term. NO problem for the dollar. Link to comment Share on other sites More sharing options...
valtar Posted February 17, 2015 Report Share Posted February 17, 2015 OK, The US operates as a country using the $. So why a little country like Iraq go broke selling oil for $ and keeping their citizens in poverty not work. Link to comment Share on other sites More sharing options...
dontlop Posted February 17, 2015 Report Share Posted February 17, 2015 As long as iraq is able to meet its foriegn debt obligations it's not bankrupt Maliki didn't leave iraq debt ridden The external debts of iraq have been cut from 600% of its gdp to 30% debt to GDP I just got done reading this before I saw this post and I don't think iraq has defaulted it's debts This explains how countrys deal with their debt http://www.investopedia.com/articles/economics/10/sovereign-debt-default.asp Every country has debt and it's not unusual at all to have debt Defaulting on debt means you can't make your payments on your debt not that they can't pay off all their debts at once in one payment No country pays off all is debts all at once in one payment It's all done with structured payment plans If iraq has 100 billion in debt they may only be obligated to pay 5 billion a year in payments and if they can't afford it they restructure the payments till they can make the payments There is no such thing as confiscating your debts from soveriegn nations and its in the creditors interest to restructure rather than lose everything that they loaned them The link explains it Link to comment Share on other sites More sharing options...
dontlop Posted February 18, 2015 Report Share Posted February 18, 2015 INVESTOPEDIA EXPLAINS 'DEFAULT RISK' Standard measurement tools to gauge default risk include FICO scores for consumer credit, and credit ratings for corporate and government debt issues. Credit ratings for debt issues are provided by Nationally Recognized Statistical Rating Organizations (NRSROs), such as Standard & Poor's, Moody's and Fitch Ratings. Link to comment Share on other sites More sharing options...
dontlop Posted February 18, 2015 Report Share Posted February 18, 2015 (edited) Iraqs m2 money supply is 8 times what the usa has United States dollar m2 is ........11.7 trillion Iraqs dinar m2 is ......................88.992 trillion I wonder where it will be in a couple more months I wonder if it will rv in next years budget I'm gonna wait till I die for a rv I remember someone told me it would rv when pigs fart rainbows Do ya think that's what we're waiting for ? Ya can't say it won't happen just because it never happened before Can't prove the pigs won't some day fart rainbows so we will just have to wait it out The one thing that keeps me goin is those who cant stand me They must be reading my posts for them to get all mad like they do so I make sure they get an ear full Edited February 18, 2015 by dontlop Link to comment Share on other sites More sharing options...
valtar Posted February 18, 2015 Report Share Posted February 18, 2015 Iraqs m2 money supply is 8 times what the usa has United States dollar m2 is ........11.7 trillion Iraqs dinar m2 is ......................88.992 trillion I wonder where it will be in a couple more months I wonder if it will rv in next years budget I'm gonna wait till I die for a rv I remember someone told me it would rv when pigs fart rainbows Do ya think that's what we're waiting for ? Ya can't say it won't happen just because it never happened before Can't prove the pigs won't some day fart rainbows so we will just have to wait it out The one thing that keeps me goin is those who cant stand me They must be reading my posts for them to get all mad like they do so I make sure they get an ear full Peeps on these sites think if you say anything negative about their precious dinar that it will affect the outcome some how. Their is so many lying about the dinar on some of the sites that makes it hard to grasp the truth. Kind of like what is coming out of the White house in the last 6 years. The ones screaming the loudest is the ones that invested heavily in the Dinar. I say if it happens great, if it don't, just another bad investment. Start again. Link to comment Share on other sites More sharing options...
dontlop Posted February 18, 2015 Report Share Posted February 18, 2015 Yep and when they start tagging you for posting what your thinking Give em an ear full after that Make sure when they wake up in the morning that they run to their computer just to see what you might if said Then give em another ear full Hey it stimulates conversation I was exactly like some of these guys 4 years ago I was a cheer leader Now I say it like I see it 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted February 18, 2015 Author Report Share Posted February 18, 2015 Gimme a D I N A R Gooooooooooo ARrrrr Veeeeee Yay Link to comment Share on other sites More sharing options...
rockfl9 Posted February 18, 2015 Author Report Share Posted February 18, 2015 Iraqs dinar m2 is ......................88.992 trillion remember someone told me it would rv when pigs fart rainbows Ya can't say it won't happen just because it never happened before Can't prove the pigs won't some day fart rainbows so we will just have to wait it out The dollar value of Iraq's M2 is 76 Billion. About where it should be. Just takes up a lot more paper. Very colorful explanation of the possibility of an RV. Not totally impossible BUT! If you read Nicholas Taleb's " The Black Swan" it explains it. It wont be oil that we know. It must be some totally unexpected event like some some oil rig operator saying " What are we going to do with these F@#king diamonds that are clogging up the bit? Link to comment Share on other sites More sharing options...
caz1104 Posted February 18, 2015 Report Share Posted February 18, 2015 LOL - gotta love bottom feeders Link to comment Share on other sites More sharing options...
rockfl9 Posted February 20, 2015 Author Report Share Posted February 20, 2015 Ah , a catfish lover! Knew you weren't all bad CAZ Link to comment Share on other sites More sharing options...
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