ronscarpa Posted August 22, 2020 Report Share Posted August 22, 2020 (edited) Good Evening Dinar Vets, here's an opinion & comment by Jeff that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Jeff *** ...Trump made it very clear we are not removing our troops until we've been paid; which means theoretically...we're not pulling the troops until Iraq has revalued the currency and it has value because we've already been paid in dinar it just doesn't have value. So until it has value we have not been paid...! Go Trump ... Go USA ... Edited August 22, 2020 by ronscarpa 4 2 5 Quote Link to comment Share on other sites More sharing options...
Johnny Dinar Posted August 22, 2020 Report Share Posted August 22, 2020 So in other words.... We are never leaving Iraq? It's hard to believe they will ever pay us back.. I hope I'm wrong... I need the money!!! 1 4 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted August 22, 2020 Author Report Share Posted August 22, 2020 54 minutes ago, Johnny Dinar said: So in other words.... We are never leaving Iraq? It's hard to believe they will ever pay us back.. I hope I'm wrong... I need the money!!! IT'S MY UNDERSTANDING that the US Treasury holds 3.7 to 4 million IQD that was paid out to us (and IQD paid to other Paris Club nations [coalition countries]..) for us to forgive the war debt of the Iraq war. It was based upon the premise that post reconstruction they would revalue their currency (Future of Iraq Project) and all the Paris Club countries would be made whole for their war costs...RON 2 2 3 Quote Link to comment Share on other sites More sharing options...
Johnny Dinar Posted August 22, 2020 Report Share Posted August 22, 2020 1 minute ago, ronscarpa said: IT'S MY UNDERSTANDING that the US Treasury holds 3.7 to 4 million IQD that was paid out to us (and IQD paid to other Paris Club nations [coalition countries]..) for us to forgive the war debt of the Iraq war. It was based upon the premise that post reconstruction they would revalue their currency (Future of Iraq Project) and all the Paris Club countries would be made whole for their war costs...RON I have heard that as well. I remember "W" was going to pay for the war. Then Obama was going to save the economy with it. Now people say Trump is going to use it... I believe in my opinion, our government has no power over the CBI. The Central bank is privately owned just like all the central banks around the world, and they do whatever they want... I just hope those fat cats decide they need to make some money so we can too! 1 3 3 Quote Link to comment Share on other sites More sharing options...
trvlr787 Posted August 22, 2020 Report Share Posted August 22, 2020 23 minutes ago, ronscarpa said: IT'S MY UNDERSTANDING that the US Treasury holds 3.7 to 4 million IQD that was paid out to us (and IQD paid to other Paris Club nations [coalition countries]..) for us to forgive the war debt of the Iraq war. It was based upon the premise that post reconstruction they would revalue their currency (Future of Iraq Project) and all the Paris Club countries would be made whole for their war costs...RON So they gave us $4000 to pay for the war. 😳😉 4 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted August 22, 2020 Report Share Posted August 22, 2020 5 minutes ago, trvlr787 said: So they gave us $4000 to pay for the war. 😳😉 I think Ron meant 4 Trillion Dinar 3 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted August 22, 2020 Author Report Share Posted August 22, 2020 6 minutes ago, trvlr787 said: So they gave us $4000 to pay for the war. 😳😉 Actually it was 3.7 to 4 Trillion IQD, not million...my bad...! Also - the UN, IMF, and Paris Club were all involved in this decision. We printed the currency and replaced the Saddam dinars, all as part of the plan. It might be good for you to read the Future of Iraq Project document - it will give you perspective (only 198 pages). 1 4 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted August 22, 2020 Author Report Share Posted August 22, 2020 6 minutes ago, NEPatriotsFan1 said: I think Ron meant 4 Trillion Dinar Thanks NEPatriotFan1 ... I was correcting my self when you posted. 3 Quote Link to comment Share on other sites More sharing options...
yogaman Posted August 22, 2020 Report Share Posted August 22, 2020 9 minutes ago, ronscarpa said: Actually it was 3.7 to 4 Trillion IQD, not million...my bad...! Also - the UN, IMF, and Paris Club were all involved in this decision. We printed the currency and replaced the Saddam dinars, all as part of the plan. It might be good for you to read the Future of Iraq Project document - it will give you perspective (only 198 pages). Well, if it is reinstated at 3+ dollars that would go a long way to pay off the debt. 3 2 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted August 22, 2020 Author Report Share Posted August 22, 2020 1 hour ago, yogaman said: Well, if it is reinstated at 3+ dollars that would go a long way to pay off the debt. That was the plan ... Also, as I remember, it was negotiated that we could redeem the IQD for oil at $35/bbl...and if oil were back to $100/bbl and we sell it - that goes a long way. RON 4 2 Quote Link to comment Share on other sites More sharing options...
lmb4321 Posted August 22, 2020 Report Share Posted August 22, 2020 Agree completely Ron.....👍 2 Quote Link to comment Share on other sites More sharing options...
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