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BGG says that The Sterling Raid is Not about the investment
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BGG says that The Sterling Raid is Not about the investment
BGG
BGG the two important factors (to Abadi) are value (which he desperately needs) and the Investment Law (which he promised to investors while here in the US).
They appear to be moving right ahead on those - just not there yet...but nice to see their urgency on these "core value" issues.
[Only thing I'm interested in right now is that elusive Tariff law.] It is fully passed - just not being implemented as yet...
[HOW LONG DO YOU THINK ALL THIS CAN TAKE?] IMHO - they are in overtime already. My guess is - they thought they would come back from DC with all these commitments and they wouldn't have to do their part (Add value)... now they are starting to get the message - all the aid, commitments, loans, etc, come with strings attached. THEY MUST DO THEIR PART.
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(IN REGARDS TO STERLING) I wanted to take a minute and bring some updates about the very serious situation I'm sure everyone is aware of... I am sure there are plenty of folks stirred up over it. Firstly, breathe... it is far too early to know all the details or all the ramifications. This is information it is impossible to know at this time. Rest assured - it is not about the core value of the investment...Again - THIS IS NOT ABOUT THE INVESTMENT...
So before we jump to conclusions - let us watch, let things play out... As relevant details are available - we will bring them to you. Thanks all.
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[we going to see the 50k and 100k notes?] I doubt it even more now than before. CBI just got banks to agree to sell USD for 1193 (lowest number in a long, long time)...the last recorded auction was 289 mil... bigger than anything recent by 150 mil...so if they go along like this for a week or two (we'll have to see how sales go) they will pull TRILLIONS of Dinar from circulation without having to introduce any new notes...the main thing they were after - and they can just use USD to do it... get the Dinar off the street before they have to buy it back...which - if you think about it - they keep this up for a bit - it's a dead give-away.
[hold off the RV while the CBI sells dollars to load up on Dinar - then RV and all that Dinar reserve shoots up in value overnight!] there you go.
Last edited by Ponee on Thu Jun 04, 2015 10:26 pm; edited 2 times in total
Ponee- Admin
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Re: BGG says that The Sterling Raid is Not about the investment
Or just a way to maintain the value of the dinar ... like they have been doing for years.
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