[beermantm]

Why dump the Paper Currency? GOOD question and glad you asked!!! First off, Iraq Dinar is the first wave of fiat (unbacked paper) money flooding into the resurrected economy of Iraq. Right now, Iraq’s biggest export is the Dinar...Why back it with value if you can print as much as you’d like and lose nothing selling it!! Many other things can occur with paper money like: another currency exchange. Say the Iraqi Government decides that too much has left the country due to speculation and to counter this it’s best to exchange for a “NEWER”, New currency. Better get your Passport ready so you can fly to Iraq and exchange your crisp, new eBay bills…CHOP, CHOP!! The other thing that could be done is known as “Shaving Zeros”!! This where they take your new, crisp, 25,000 Dinar and make it worth 25 Dinar, your 10,000 note is now a 10 Dinar. Okay, that don’t seem bad; but say you were lucky on an auction and bid just at the last second and won that 25,000 note for $27.00 USD and the eBay seller wasn’t too greedy, only charged you $3.00 to ship it, so that is $30.00 USD you invested. Now, it’s the year 2008 and the Central Bank of Iraq feels that they have applied the controls needed to NOT go Bankrupt due to all the speculators running to cash in and they decide to peg the Dinar at 1 IQD to $1.00 USD, you now have a note that cost you $30.00; but is only worth $25.00  To add insult to injury, the Banks and Exchange service counters will charge you a fee as well to buy your Dinar!! If your money is in a Bank account, you’re not subject to a paper currency exchange or zero-shaving, as your account balance is an electronic figure and is protected 
Some might argue that buying the Paper currency is helping to fund (loaning money to) the Central Bank of Iraq with Dollars, Euros, etc., that will allow them to “pay us back greatly in the future”. That is true to the point if you are in Iraq buying direct; but what you purchase on eBay is second and third generation, the only ones profiting are the individual sellers. The fact is the Central Bank of Iraq could set the price tomorrow and would be able to pay all the people who came forward to collect. The way money is made by governments is really sleight-of-hand, smoke & mirrors. For example in the U.S. we have commercial banks like the Federal Reserve that create money out of nothing — and collect interest on it — by multiplying every dollar deposited nine times. This amazing feat is accomplished through the device of fractional reserves, whereby the Fed allows 90 percent of deposits to be loaned out. As deposits become loans and loans become deposits, this process repeats with smaller numbers each time around. For instance, $1 million in government money (first wave) to $900,000 (second wave), which gives birth to $810,000 (third wave), etc., until the process plays itself out. Thus, the banking cartel creates an amount of money that is nine times the amount of the original government debt that made the process possible. When the original debt is added in, the Federal Reserve and the commercial banks together have created approximately ten times the amount of the underlying government debt. Since this newly created money causes the purchasing power of all money to decline, the resulting rise in prices is, in reality, a hidden tax. So essentially, without realizing it, Americans have paid over the years, in addition to their federal income taxes and excise taxes, a completely hidden tax equal to approximately ten times the national debt! The U.S. is a major player in setting-up the new Iraqi economy, so if it’s true that: “PEOPLE DON’T CHANGE; THEY JUST BECOME MORE OF WHAT THEY ALREADY ARE”, then why would we expect Iraq’s economy to be designed much different than our own?? All the countries that have forgiven Iraq of old debt have lost, and that goes directly against the cycle of money. To understand the game better, let’s take a reality check in understanding how the U.S. Fed protects and enriches the banking brotherhood in the international arena. The game our Insiders are playing makes the Rothschilds look like novices. Here it is in a nutshell: The game starts with a mammoth loan (created out of nothing through the magic of fractional reserves) from (Citicorp, Chase Manhattan, Bank of America, etc.) to a Third World country with scant means of servicing the debt much less ever repaying the principle. Are these top bankers stupid? Hardly; this is the kind of loan these bankers love, since they make their money from interest on the loan, not on repayment of the loan. They prefer the loan never to be repaid. They know they can’t lose because the Federal Reserve guarantees that massive loans that go into default will not be allowed to seriously affect the issuing bank (too big to fail) because this would “disrupt the entire economy." Since the System makes it profitable for banks to make large, unsound loans, that is the kind of loans banks will make. Furthermore, it is predictable that most unsound loans will go into default." Sure enough; pretty soon default threatens. The bank creates additional money out of nothing and lends that so its interest stream continues on both the original loan plus the new loan (the “roll-over” play). At the next crisis, the bank creates still more money out of nothing to cover the interest on both loans plus an additional amount for the borrower to spend freely (the “up-the-ante” play). Finally the bank agrees to a lower interest rate and a longer period for repayment (the rescheduling" play). Eventually it is time for the “Final Maneuver.” Congress agrees to guarantee future payments and the whole mess is shifted to the backs of U.S. taxpayers while the borrower is trapped into an IMF “austerity” program that makes an “end run” around his sovereignty.
Now money moves through various foreign aid channels to the deadbeat borrower, who continues to pay perpetual interest to the bank. Almost all of this money is generated by the Federal Reserve; as it moves out into the economy it dilutes the value of the money already there. The average Americans, have no idea they are footing the bill to enrich the insider bankers.