The Revaluation of the Iraqi Dinar How the U.S. Plans to Make Trillions
The Revaluation of the Iraqi Dinar
How the U.S. Plans to Make Trillions
By Greg McCoach
Friday, July 8th, 2011
U.S. national debt will exceed $14.5 trillion by the end of the summer.
The government has been underwater so long, it has gills...
But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road.
One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar.
The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry.
After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar.
Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur.
But here's the really interesting part...
The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq
Does that really come as a surprise?
The U.S. Treasury does not officially list the Iraqi dinar as part of the country's forex reserves.
New Iraqi Dinar
see detail of 50 dinar bill
However, the Treasure does say it did an initial currency swap with Iraq to fund their government and Ministries...
Exactly how many dinars were traded is not mentioned, but it does make reference to “billions of U.S. dollars” traded to Iraq.
About two months ago, Iraqi dinars could no longer be purchased; the recent Dodd Frank bill appears to have legislation related to the revaluation of a foreign currency and preventing mass hysteria.
From what I have been able to gather, it sounds like this plan was originally put together by George Bush, Dick Cheney, Alan Greenspan, and others years ago as a way for the U.S. government to be repaid (read: get kickbacks) for their efforts in Iraq.
Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1.
If this is even close to true — and the UN allows Iraq to revalue their currency up to USD1: one Iraqi dinar — the U.S. government would stand to profit in trillions... as would anyone else who speculated on the dinar over the years.
Bush’s statement, “This is a war that will pay for itself,” will be true 10 times over.
Check out how the House of Saud got taken for $267 billion of their own crude oil.
the rest of this article is about investing in mining and I deleted this part, because it does not relate to dinar.... link below for anyone who wants to read the rest of the article,
Analyst, Wealth Daily
Investment Director, Mining Speculator and Insider Alert
Last edited by Winston; 07-09-2011 at 12:26 AM.
Interesting - Thanks for the post!
BUT Winston...this is a blog from someone with something to sell. How come everything seems to ring true????
Winston, thank you. Nice read. Sounds like the U.S. did a good thing under G.W. Bush as we have suspected. Hope that it's all true.
All I am saying is people are taking notice.....and this is coming to fruition......things that make you go hmmmmmm......thanks GW....lol
awesome I am reading GW Bio decision points!! HAVENT GOT THAT FAR BUT i AM SURE IT IN THERE
Tick tock hehehehe....wwwwweeeeeeeee
Does anyone have an understanding of the bill being referred to? and how it will be "preventing mass hysteria"?
the recent Dodd Frank bill appears to have legislation related to the revaluation of a foreign currency and preventing mass hysteria.
Thanks for the post. Great find!
Thanks Winston...Great post! Now, about that Dodd Frank Bill...hmmmm!
the Dodd-Frank Bill is the bill passes last July - basically reforming many levels of wall steet, how we make and trade money. Sort of a "don't let this mess happen again bill". provides everything from job sharing to increasing investor protection, various oversite committees (some being combined into one, some new) and generally speaking monitoring everbody affiliated on wall street to do the right thing. Also, some changes to the SEC, mostly managerial. Most of it reads as domestic issues of investment, workplace issues w/ in a corporation, mortgages. The only time I see an outside country being mentioned is the SEC to create rules that address potentional conflict materials(Blood Diamonds) out of Congo to help assess whether or not it is benefiting armed groups in the area.