MarkZ

[via PDK]  Question: If I understand this correctly, the Dinar we exchange at a US bank will go to the US treasury. The treasury will then use it to buy physical oil from Iraq over 20-30 years…?  MarkZ: Exactly…and maybe as much as over 50 years…is what I was told. And that is why they may be paying us over and above the street rate…because they want our dinar for cheaper oil.