When Will Iraq Revalue Their Dinar?
By Doug West
If you have invested in the Iraqi dinar, you no doubt wonder when the country's new currency will be revalued and put back on the international stage.
As investors and speculators, we want it done yesterday, or last year! However, on the world stage there is much more at stake.
You can read posts all over the net, mostly on forums about what may and may not be holding up the Iraqi Dinar RV, but most of it is pure speculation. Most of these folks have no more solid of a clue than you do on when it might happen!
However, let's look at what we do know.We know that Iraq can never be a real sovereign country without an international currency. We know that there is a TON of money involved, and that the central bankers of the world stand to make the most from Iraq's currency. We know that Iraq has oil, and that many corporations and nations around the world want to get their hands on that liquid resource!
We also know that there is a lot of civil unrest in the world, and that Iraq could become the shinning star of the middle east.
So why is it taking so long to revalue Iraq's currency?
If you want a real answer, I suggest that you take a look at a documentary movie titled "Confessions Of An Economic Hit Man". This is the video version of a book written by John Perkins. I think the movie goes into some detail that the book leaves out. You can view some of Perkins documentary online at sites like YouTube.
Basically, Perkins shows how the corporations and bankers of the world (through the IMF, Worldbank, and the FED) control world governments and politicians. Especially new governments or governors! This is exactly what I think is going on in Iraq. Many seem to think that the Iraqi politicians are the bad guys (personally I think nearly all politicians are crooks), but they may actually be holding out for what is best for the people of Iraq.
If you watch Perkins' movie, you will see that when the bankers and corporations get what they want, the people normally suffer. If they don't get what they want, they send in the what he calls the "Jackals". These Jackals have been known to overthrow governments and more. They normally cause uprisings that lead to new officials taking over the government. I can't help but wonder if this might be what happened in Egypt? This may well have been the Jackal warning that the new government of Iraq better give the corporations and bankers what they want or else - "look here at what we could do to your country".Of course I'm speculating as are the folks in the forums. One thing is for sure. If you have placed your bet with the bankers by investing in dinar, you are on the side that almost always gets what they want! .