Newshound wmawhite believes this his hapening at anytime

by **Ponee** Fri Dec 12, 2014 7:39 am

12-11-2014 Newshound wmawhite JMO, if we listen to what is being told to us by the CBI, PM, CoM, they are giving us a multitude of clues as to what their intentions are. [Do you think the apparent "shrinking" of ISIS will help bring on the R/V?] This will be a financial event not a political event...look around the middle east at far worst countries and their currency is at a higher value than the IQD. The CBI will do this when they are ready financially. Again, the clue...indications... their actions...they are preparing for this to take place. The CBI cares about the stability on the financial sector. The CBI is driving this boat...all of the political folk are now trying to catch up because their boat is getting ready to leave.

[Why would Iraq even think of revaluing its currency when it is making such huge progress at the imposed rate? Not to mention, all the international help its getting to keep it going?] Because will need a currency to enter the international trade markets to start with...no currency...no trade...second, if they have to pay 1166 IQD for every 1 USD of goods...they will be broke within weeks.

[what is your opinion of how much IQD is actually out there?] I have never stated how much IQD the USA has because I don't know...the CBI knows exactly how much is outside of Iraq because they are the ones who sold it...and they don't care how many people own it or if one person owns it...it is all the same to them. However, they have told us that they are bringing the note count down ALOT...like down to 1 billion notes. To me...that indicates a fixed RI/RV and no float.

[do you think were still 4 months out like some are saying?] I honestly believe that they are pushing hard all across the financial and political fronts to get this done and remember, that budget is useless...no good outside of Iraq unless the CBI does their thing first. In other words...I believe this may happen at anytime. I believe the CBI has a time frame they are targeting and they need to coordinate their moves with many other entities outside of Iraq.

by **Kevind53** Fri Dec 12, 2014 8:13 am

Because will need a currency to enter the international trade markets to start with...no currency...no trade...second, if they have to pay 1166 IQD for every 1 USD of goods...they will be broke within weeks.

Bull Crap! The exchange rate is the exchange rate, and they take in more that goes out. Besides, international trade is carried out in reserve currencies, in their case, most likely petrodollars.

by **Terbo56** Fri Dec 12, 2014 10:23 am

Thankyou, Kevind53, exactly-

by **Cascadian** Fri Dec 12, 2014 1:43 pm

Thank you Kevin...

It's just idiocy to continue to look for and speculate on 'clues.' Like there's going to be a slip up on their part and only you, wma, will be able to see it? Riiiiighhhht.

You do, however, get credit for not having an irritating catchphrase.

Newshound wmawhite believes this his hapening at anytime

Newshound wmawhite believes this his hapening at anytime

Re: Newshound wmawhite believes this his hapening at anytime

Re: Newshound wmawhite believes this his hapening at anytime

Re: Newshound wmawhite believes this his hapening at anytime