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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Elroy Jetson who wrote (45468)	11/14/2005 2:48:12 PM
From: Win-Lose-Draw	Read Replies (1) of 110194

There's nothing to explain. No bills are printed in Iraq: never were, never will be. If you have a photo of an Iraqi branch of the US Mint, feel free to post it, otherwise you're just blowing smoke. The reason cash is preferred to direct deposit for many transactions is for the simple fact that the country is a smoldering hole and the banking system is in a state of complete disrepair and had minimal means of dealing with the outside world for the past 3 decades. This should be obvious to anyone who has seen a newscast in the past 2 years. If you missed those, then I imagine you also missed the images of C-130s flying in with pallet-loads of US bills. Those bills were counted in the aggregates the moment they got shipped out the Mint's warehouse. Large transactions are done the way they have been done for decades: electronically, outside the country. Come back if you ever find some evidence. Until then, this is the same kind of bullcrap theory as the JPM gold carry trade BS of a couple years back.

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