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Is Iraq BANKRUPT???


rockfl9
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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

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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.

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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 by dontlop
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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.

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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

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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? 

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