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Kaperoni - Stick to the Facts! 2/19/19

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Kaperoni - Stick to the Facts! 2/19/19

Post by Ssmith on Wed Feb 20, 2019 10:48 am

Idiot guru Frank26 keeps saying "a change is coming." Lol. It might be but it won't be what he keeps telling people.

Despite guru RV nonsense there can never be such an event. First Iraq could never afford it and second it is not how (or the purpose) of how monetary policy works. Stick to truth, facts.

If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone).

Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise.

The 2012 IMF Article IV Consultation with Iraq descibed the process and event as the Balassa-Samuelson effect.
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Re: Kaperoni - Stick to the Facts! 2/19/19

Post by Sam I Am on Wed Feb 20, 2019 11:40 am

Kap is making some progress.  At least he says "if" the float happens now.  But he is talking about facts and then he suggests that deleting the zeros will be accomplished via a free float.  Never in the history of currency has a country removed zeros from their currency via a float.  It's always done through a redenomination.  That's the fact, Jack.

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