Andrew Gause

THE REAL WORLD OF MONEY

Question from Jim in Chapin, South Carolina

Mr. Gause, we listen every week and enjoy your analysis and the banter between you and Patrick.

I think you are off base on the Iraqi Dinar however. We’ve been following this for many years, I served there
and there was talk before I left in 2004 that some day the Dinar would revalue back to pre- war levels. There are
many service men with buckets of Dinars …and believe me when I say, many many U.S. politicians.”The Boys” as you call them,who have their share as well. Many who have already cashed in early, receiving SKR’s at $3.50 per Dinar who await the day.

Iraq must get to a reality rate to have a chance for survival. Investment companies are pouring into Iraq the past few yearsin anticipation of this. A new government has been formed that includes the Kurds with a new Prime Minister to be announcedany day. Maliki is out..a real rascal, U.S. dupe and a thug who’s been stealing money for years.

Banking reforms and economic reforms for the past five years, they must havea reality rate soon. Their 2014 budget, being approved as we speak is based on a newer rate.

The Treasury has an arrangement with the big U.S. banks to exchange dollars for Dinar they exchange with investors and U.S.T.has a deal to get oil credits for $30 a barrel for each Dinar, as pay back for the war. George Bush said before leaving office that Iraqwas going to pay the people back for the war. Here it is.

Kuwait reinstated their currency to $3.50 only four years after Saddam’s invasion, it has been ten years since U.S. liberation :-)

Sure wish you would look into to this further. Thanks for listening.

Jim