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I am too pretty for math, but....
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I am too pretty for math, but....
by Mission1st Wed Jun 12, 2024 6:56 pm
According to various sources, there is between $12 Trillion dollars (USD) worth of world currency in circulation, physical money. A lot more than that if you include stocks, bonds, derivatives, and other stuff. Sources vary but use any number that makes you feel comfortable.
So, a Trillion Iraqi dinar at today's exchange rate 1309 is about $763,657,700.00. Not even a a billion USD. So, if the Dinar went to just 1:1 with the USD, then that alone is 1/12 of the total global currency. Common sense would tell you that Iraq has printed much more than that, and if they have printed 12 Trillion dinar (9,163,892,400.00 USD, that would equal the entire world's money in circulation. Phony Tony and the other scammers are saying the exchange rate will be $3.91 USD, so you do the math.
Please feel free to critique my arithmetic. I'm honestly not good with numbers, so feel to show me the error of my ways.
So, a Trillion Iraqi dinar at today's exchange rate 1309 is about $763,657,700.00. Not even a a billion USD. So, if the Dinar went to just 1:1 with the USD, then that alone is 1/12 of the total global currency. Common sense would tell you that Iraq has printed much more than that, and if they have printed 12 Trillion dinar (9,163,892,400.00 USD, that would equal the entire world's money in circulation. Phony Tony and the other scammers are saying the exchange rate will be $3.91 USD, so you do the math.
Please feel free to critique my arithmetic. I'm honestly not good with numbers, so feel to show me the error of my ways.
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