Food for thought

[trvlr787]

When we talk of rather Iraq could be international with their exchange rate consider what the Italian Lira was before they joined the euro. Was .000001653 to the dollar. Talk about toilet paper and they had a developed economy. 

[ronscarpa]

39 minutes ago, trvlr787 said:

When we talk of rather Iraq could be international with their exchange rate consider what the Italian Lira was before they joined the euro. Was .000001653 to the dollar. Talk about toilet paper and they had a developed economy. 

 

An excellent point trvlr787 - thanks for the making the observation..! 

[screwball]

1 hour ago, trvlr787 said:

When we talk of rather Iraq could be international with their exchange rate consider what the Italian Lira was before they joined the euro. Was .000001653 to the dollar. Talk about toilet paper and they had a developed economy. 

They didn’t have oil…in matter of fact they don’t manufacturer anything and if they do China owns it…can’t compare the two

[screwball]

But you are right they could launch with their currency rate but they won’t open their stock market to the world at this rate…

[screwball]

Interesting times 

[screwball]

Most stocks markets following long protracted civil wars can rebound by as much as between 5000%-13000% history shows this! 

[trvlr787]

4 hours ago, screwball said:

They didn’t have oil…in matter of fact they don’t manufacturer anything and if they do China owns it…can’t compare the two

But they do have a lot of varied items that they manufacture and export. In addition to the below consider the luxury yacht you might have if it RVs at  $3 plus. 
 

Italy's two main exports are precision machinery (18%), metals and metal products (13%). It is also a world renowned exporter of clothing and footwear, motor vehicles, including luxury vehicles, motorcycles and scooters. Italy also exports pharmaceuticals and other chemicals as well as many food products.Jul 27, 2021

[cjdavid]

So the question is, what is the Lira at now to the American fiat known at the dollar?  ( I know I could google that info, just joining the conversation)

 

may all have a safe and happy New Year!!

one year closer!

Edited December 31, 2022 by cjdavid

[md11fr8dawg]

I think China has bought and owns most of the industries you described abouve cj!

[Luigi1]

10 hours ago, trvlr787 said:

When we talk of rather Iraq could be international with their exchange rate consider what the Italian Lira was before they joined the euro. Was .000001653 to the dollar. Talk about toilet paper and they had a developed economy. 

 

Absolutely. 

Consider South Korea.  It's ER is roughly equal to the IQD yet SK is an industrialized economic super power, has no oil & must import raw materials.

[rvmydinar]

3 hours ago, trvlr787 said:

In addition to the below consider the luxury yacht you might have if it RVs at  $3 plus. 

Wow. I can't imagine if that really happens one day. Hopefully, it isn't too long to wait.

[kpcoastal]

EVERYTHING is about to change!!!!!!!!!!!!!!!!!!!!!

[cranman]

4 hours ago, kpcoastal said:

EVERYTHING is about to change!!!!!!!!!!!!!!!!!!!!!

Do tell. 

[screwball]

On 1/11/2023 at 3:41 AM, kpcoastal said:

EVERYTHING is about to change!!!!!!!!!!!!!!!!!!!!!

well.....is that it?

[md11fr8dawg]

Yep another nuke went off like a fart!!!