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Breitling - Iraq Can RV at 10 Cents! 1/18/19

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Breitling - Iraq Can RV at 10 Cents! 1/18/19

Post by Ssmith on Sat Jan 19, 2019 9:21 am

What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other.

How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other countries and what they produce and how much their currency is and it doesn’t make sense does it?

Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
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Re: Breitling - Iraq Can RV at 10 Cents! 1/18/19

Post by Sam I Am on Sat Jan 19, 2019 1:01 pm

Saudi Arabia doesn't have 70 trillion riyals in their M1 money supply.  Iraq's currency is not undervalued because its money supply is bloated as a result of hyperinflation going back to the war with Iran in the 1980s.  Iraq can't RV to 10 cents.  The most they could manage at this point is 1/10 of a penny, but why would they do that?  It would just make their exports more expensive.  No, their next move is a devaluation to 1200:1.  Breitling's a moron.

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