By now you’ve surely heard about the OIL markets… OIL, and the wealth it creates and sustains, will not be removed from our world anytime soon. OIL will remain part of our lives. Therefore, Iraq will not slide into oblivion…nor will it’s bank accounts. I’m not worried about the dinar – we know it’s going to increase in value, even though we don’t know what will happen between now and then, and we don’t know if “then” is tomorrow or June or next year. We are in the middle of a massive shakeup.
I won’t pretend to know how long it will take to reach a conclusion, but I am positive it will… and at the end of it, those who control the oil will still have the leverage to be powerful, valuable, and rich. Despite COVID, despite ISIS, despite elections and tsunamis and fads that are here today and gone tomorrow… Iraq has, in it’s physical possession, a majority of THE commodity that is never in our lifetime going to be “worthless”. We are in a good spot, holding little pieces of that commodity in the form of their currency, when all of the imaginary “value” in the world is so uncertain.