Monday, January 24, 2011

Ah, Now I Understand

Boy, that didn't take long.  Got an answer rightly - far too soon to panic.  When the RV is announced, the only immediate payout is to the 5%.  Governments may or may not begin to cash in - for dollars or oil - after 6 months.  The rest of the RV payout doesn't get made to 85% of dinars in circulation cuz Iraq holds them. That means even with $trillions in payout, current reserves and oil will pay for it.  Short term, billions in construction/infrastructure work will keep dinar in country and provide further funds to carry over.  In this scenario, we are good to go.  Any opinions on this? 

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