Trump Comments Regarding US Iraqi Dinar Holdings - RV-Related?
The video above is an except from an exclusive interview President Donald Trump conducted with Fox News’ Laura Ingraham. In the clip, Trump makes the case that Iraq should repay the American taxpayers for the investment in American tax dollars and lives lost put into Iraq’s liberation and reconstruction.
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It was his comments in the final two minutes or so of this 15 minute+ clip that have been interpreted as innuendo relating to the value/exchange rate and international acceptance of Iraq’s currency, and in particular one tactic the US might use in order to coerce Iraq to revalue the New Iraqi Dinar, which depending upon where the new rate were to be set, could effectively eradicate all debts in America public and private.
Listen very carefully to the final sentence. Trump threatens to leave American troops in Iraq indefinitely unless Iraq repays the US for its investment into their country.
This is big. The reason being is that one of the last major hang-ups for the United Nations, World Bank and International Monetary Fund, whose sanctions helped cause the original hyperinflation of Iraq’s currency is that until the US withdraws all of its forces from Iraq, they’re technically still under foreign occupation and therefore not sovereign, thus neither is their currency, at least that’s the rationale used to continue to justify sanctions against it.
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Trump did not specify that the repayment must occur via revaluing a currency that the United States owns at least $35,000,000,000 of, and quite possibly several times that. That’s 35 billion US dollars, the amount of dinars is several thousand times that figure. Imagine if the currency were to be reset to be 1:1 with the dollar. That’s a lot of money for the United States.
There are several reasons why I personally am bullish on the dinar, and the fact that Iraq cannot have a sovereign currency until the US withdraws all forces, and until they have a sovereign currency they’ll have to continue to trade internationally using US dollars and the dinars will be practically worthless. Play ball, get a sovereign currency and watch as the new rate is justified by market forces with all the new trade possibilities that would result from sanctions by the World Bank, IMF and UN that have been in place for more than 30 years being suddenly lifted.
The US still has enough influence in the world to get this done for the sake of national interests. The fact that some American citizens may see a financial gamble payoff is not the reason it’s being done, merely a side-effect of it. If in fact it happens that is, and I believe that it will.