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More BGG "I RemainBullish"  9/30/17 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Post by roxy22222222 on Sun Oct 01, 2017 12:41 am

I...remain bullish, in spite of what seems to be a never-ending Gerbil wheel we are on. I feel this way because of several reasons but I have one “bottom line” reason which concerns both the CBI and Iraq.
1) The Central Bank continues to keep this financial boat trim with auctions and such but it comes at a cost. This cost is reducing their reserves.
A) Each day as Iraq spends to rebuild and spends to cover debt it gets worse.
B) I feel there is drop dead “time-frame” for this country. It might be weeks or months. There is no way to know.  Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.
C) Trying to make their play dough work is sapping reserves.
As such, I remain bullish...
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Post by Sam I Am on Sun Oct 01, 2017 4:21 am

Further, there is a point at which they will face daily – the choice of bankruptcy or getting off the program rate.

False choice. They can only change the "program" rate if they have the reserves to justify it, and as BGG said they're depleting those reserves.

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