Breitling Report - Audio for July 19th

by **Ponee** Fri Aug 21, 2015 10:22 pm

Breitling

An article came out and a lot of people are scared about the idea of a LOP…look, this is a repeat [article].

The biggest indicator for a lop is they wouldn't reduce the note count…

they wouldn't need to…they'd just take the 3 zeros off and that's it…that's the indicator. If they are physically reducing the note count…

They have reduced the note count from 9 billion to 6 billion to 4 Billion to whatever they're at today and that includes taking away the 50 dinar note. They can't reduce the note count like that AND take the zeros at the same time.

If you go back to the minister of finance's plan what is it? To get the dinar to the US dollar….that's it.

What do they have to do to maneuver to do that? They have to reduce the note count. They have to get US dollars out of the market

Just going by math and looking at what's going on in Iraq….I haven't seen anything negative. There is nothing out there stopping this. It's simply not going to happen. Iraqi people need purchasing power. But the CBI has to do it correctly. They can't just push a button and all of a sudden there is value behind their currency. They have to make sure it can be stable and it can grow and they can control it…that's the most important thing. Other countries and companies won't invest in Iraq unless it has that type of control.