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Wednesday, October 12, 2016

WSOMN UPDTED, 12 OCT

Scotchie:  Iraq is broke, and borrwing money from everyone..how could the Iraqi banks ever change to $3.71? Makes no sense, imo

AdminBill:  SCOTCHIE - MY TAKE ON IRAQ AND THE NEED TO BORROW MONEY (USD?) IS THE REQUIREMENT TO STAY SOLVENT. ONCE THE RV TAKES PLAY THE VALUE OF IRAQI DINAR THEY HOLD IN THEIR VAULTS WILL MORE THAN COVER ANY LOANS. RIGHT NOW, IMO, IT IS ALL A SHELL GAME.

THB:  plus it increases their credit rating

Ragincajun:  ADMINBILL, I WOULD AGREE, THE U.S. WANTS IRAQ TO OWE MONIES FOR CONTROL, IT'S THE CENTRAL BANK GAME

AdminBill:  RC - YES. AND IN ALL LIKELIHOOD THEY MAY NOT ACCEPT USD IN PAYMENT WANTING CONTINUED OIL CREDITS IN RETURN. CRAZY WORLD WE LIVE IN.

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