The Revalue

The Revalue

In the last blog post I talk about the videos that contain Shabibi’s speech to the US chamber of commerce. This speech confirmed some things I have been thinking about for a long time. I believe there is money to be made off the revalue. But what is the revalue and how will it work? I outlined one possible scenario in the last post as well. I received a lot of questions via email and as this blog was copied into the forums people addressed certain concerns. One person commented that the scenario was bogus because Iraq’s budget is met using US dollars for oil sales. So the dinar does not need to RV to a size to meet Iraq’s budget.

First let me say I was in no way implying that Iraq’s budget is paid for using dinars. I was comparing the currency supply in the event of a lop to what circulates in Iraq. If you expect the dinar to be taken seriously you will need a supply that will replace a lot of what the dollar is currently doing simply because the dinar competes with the dollar for purchasing power. I will go into more details about the mechanics of this thing. I hope to address the many questions that were asked. I will use the same scenario, but I will change a few things. All rates are examples only. So let’s begin with this article that appeared in the N.Y. times on February 27th 2007
Iraq Currency Watch—————->End of The Dinar Worldhttp://iraqcurrencywatch.wordpress.com/