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Prolotario
@Prolotario1
Swinging Around This Block For The Umpteenth Time:
You know what’s funny? People are only skeptical about the Iraqi Dinar revaluation because they always start off with the biggest numbers because the path of least resistance (in their mind) are not supposed to yield that much wealth.
The stock market does it everyday.
The lottery does it everyday.
Investors in real estate do it everyday.
The private market (equity) does it everyday.
I told one person give me the lowest rate for the IQD to come out at. They gave me 0.10.
How can someone become a millionaire from that?
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Example-
Because if you only have 50,000 IQD and you convert or exchange at the rate you will only see 5,000 dollars (USD).
Now if you are someone sitting on 500,000,000 in IQD. Exchanging at 0.10 will yield you 50,000,000. (USD)
Everyone exchanging IQD are not going to become millionaires because everyone is not sitting on that much IQD.
But we also know Iraq wants to go back to their old rate at 3.22. We also know the base rate has to be 1:1. You can’t level the playing field any other way.
The skeptics always run into a brick wall when they try to use Iraq’s reserves as an excuse as to why their economy would collapse during a currency revaluation.
When I have told everyone many times over Iraq is not responsible for our payouts once the rate hits Forex.
Iraq’s foreign reserves are not the payout pool, they are the collateral anchor that gives the new rate structural integrity once the CBI pulls the trigger, and the actual dollar liquidity for the exchange window comes from the U.S. Treasury’s pre-staged currency stabilization fund.
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The IMF’s special drawing rights reallocation, and the basket of sovereign wealth partners who have already positioned bilateral swap lines for exactly this moment.
Meaning the skeptics who scream “Iraq doesn’t have enough reserves to cover a $3.22 RV” are arguing against a strawman payout mechanism that never existed in the first place.
Iraq is not writing checks to American IQD holders the FOREX market makers, the primary dealer banks, and the Treasury’s own exchange facilities are the payors, and they are capitalized at a scale that makes Iraq’s reserve balance an irrelevant variable in the payout equation.
Now while the 1:1 floor I identified is mathematically non-negotiable because any rate below parity with the dollar would instantly create an arbitrage d***h spiral where sovereign funds, energy traders, and private equity would vacuum every physical dinar in existence from the market at the artificially suppressed rate and then immediately flip it on the secondary market at the oil-backed true value.
The opening rate cannot possibly be below $1.00 and why Iraq’s historical $3.22 peg is not aspirational nostalgia but the gravitational center of a currency that is backed by the world’s fifth-largest proven oil reserves, a rebuilt gold stockpile, and a sovereign wealth architecture that has been quietly accumulating hard assets for over a decade the 0.10 crowd cannot explain how an oil-backed currency in a nation sitting on $10 trillion in untapped mineral wealth trades at a rate that would value the entire country at less than a single Manhattan office tower portfolio, and the moment the rate hits the FOREX screen.
The payout mechanism is not Iraq’s checking account but the global market’s insatiable appetite for asset-backed currencies in a world where fiat is being deliberately devalued by the very Treasury Secretary who just told the IMF to enforce market-based exchange rate discipline, so the real question is not “can they afford it” but “how fast does the rate rip through $1.00, $2.00, and $3.22 once the float begins and every institutional desk on the planet is bidding on the same constrained supply of physical notes that the C***l’s economic hitmen have spent twenty years convincing retail holders to ridicule and abandon.
Source(s):
• https://x.com/Prolotario1/status/2110565431115186406
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