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Breitling Audio Report Saturday Jan 25 2016
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Breitling Audio Report Saturday Jan 25 2016
Breitling
Does the IMF control the situation in Iraq with their currency because of the loan they gave out?
So I started doing my research to look at any article that came out…Come to find out there is none. There is nothing out there that says anything…
That’s why we go by the numbers. What the IMF can do and the way they’re structured… The IMF gives out loans to emerging economies or economies that are in emergency.
Let’s say Iraq’s plan is to get to a buck (that’s true by the way, their plan is to get to $1.17) well the IMF because of the management rights they have because of the loans…if they needed to add value to that currency to get their loan back it’s only a small percentage like 26-27% and even more any country they get involved with it’s almost the same formula they use with every country…
The IMF is not in the position right now, nor do they want to mess with Iraq’s economy or currency.
Here’s the math….I’ve got to go back through a lot of papers and research about how I got to that number but if the IMF took control tonight and tried to get their money/investment back they could actually raise the value of the dinar like .27 cents and that’s it. That’s all the management rights they have from the loans that they gave. That’s a default. Iraq is paying the interest on their loans and they can get refinanced if they have to.
So there is no handling by the IMF right now. Iraq is not doing anything bad.
If the oil market goes down and they have to adjust their budget and they have to change their payments with the IMF…guess what? The IMF is more than happy to do that.
They do that all the time…they don’t care…they always adjust.
So the IMF would only get involved in Iraq if they default and stop paying and if the IMF did take control they could revalue the currency up to around .26 to .27 cents.
Very easy but they are not in that process
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