Talk about a serious waste of posts. The number of dinar outstanding is 1) not just the number of physical dinar in circulation, but all the bank account balances as well, and 2) is nearing 40 TRILLION.
Using that number, indeed, backing it 100% as they do now would require $40 TRILLION USD - more money than anyone on earth has hanging around, including any one country. That's an amount equal to $6666.66 for each of the 6 BILLION people on earth. Surely you can't possibly expect any kind of 1 to 1 based on the current VALUE of the US Dollar...
Far more likely is that the US Dollar will crash and become nearly worthless, by being devalued at 1000:1 or more, and then, perhaps, the dinar will be at par with the USD. You might then be able to pay off your mortgage, but the cost of living will probably still exceed whatever millions of USD you may have at that point, because basic comfortable living costs of $1500 USD / month (based on NO mortgage) would likely balloon to $15 MILLION USD / month in such a scenario.
Steve
(aka sgmunson)


