WTO & HCL

by **wpsmit** Wed Sep 18, 2013 11:32 am

[Adam Montana] 1. A bunch of the "gurus" are saying that Iraq must have a currency with a higher value in order to be accepted. Some are saying that they can't RV until they are accepted. And others are saying they must RV before they are accepted. None of that is true - there is no "mandatory" currency value for joining the WTO.... HOWEVER, there is ONE little tidbit that most people haven't caught.

[Adam Montana] In order for Iraq to be accepted into the WTO, they have to be approved by the current members of the WTO. In this approval process, they MAY impose certain requirements. These "requirements" are not specifically explained, which gives the members of the WTO the ability to make these "requirements" whatever they want... and they COULD tell Iraq that they aren't going to approve their application until they raise the value, or even something else like concluding the HCL.

[Adam Montana] 2. Although getting into the WTO isn't a requirement for raising the value of their currency, a WTO membership will look VERY good for Iraq, enhancing their ability to raise and maintain the value of their currency. Conclusion? This WTO talk is GREAT for us, it's exactly what we want to hear.

[Adam Montana] In addition to that, the "tempo" of news regarding the HCL has been increasing and in my opinion getting more substantial.

[Adam Montana] These two things - the HCL and the WTO - are good indicators that things are picking up speed again. I won't be giving any estimate of how much speed they are picking up, so you won't get a date or rate from me today... but things are going in the right direction. Buckle up, kids!

by **Kevind53** Wed Sep 18, 2013 6:02 pm

Good solid info, can't argue at all, in fact, I agree 100% with what he says.

WTO & HCL

WTO & HCL

Re: WTO & HCL