Quote Originally Posted by dinartank View Post
Its outlandish because unless the CBI is lying about the reserves and currency in circulation...theres no way they can support an RV that high the country would be bankrupt in a day due to everyone cashing in for dollars. As right now the reserves sit at 21 billion dollars + gold...which could be a hundred million to a few billion no body knows the true answer to that... But with trillions of dinar in circulation and only 21 billon in reserves they can not support a rv at $3.21 unless they are giving us false info on numbers. You can argue that they dont need a 100% backing but maybe use fractional banking practices of only backing 10% even then it still dosent support a RV this high.
1st you say they can't do it because they are lying about the reserves, Then you say they could do it if they are giving us false info?