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Post by RamblerNash on Tue Apr 09, 2019 10:29 pm

Breitling    I noticed a big huge trend.  A little bit of fear.  And there is no reason for it…

[My] statement…“I don’t think the dinar is going to get to $3.25.”  That is just my opinion…Where does that come from?…

We understand the opportunity for them to revalue is oil prices.  Well there are other things on the table and it has to do the the GCC which is basically a trading block in the middle east.  …what’s being proposed for peace in the middle east between Israel and the countries that surround Israel will have an indirect effect for Iraq and its currency…and it’s all good news. …

The United States has agreed to put 2 Trillion into helping and sustaining the framework of this trading block…

The GCC countries…are going to want to be a part of that…there are two things that have to happen.  Iraq has to revalue its currency to participate so they have the money to invest…

If you’re getting less and less dollars because the price of oil is going down then they’re going to have to add value to their own currency to make up for that. 

Also, if they go too high within the GCC…no one is going to invest in Iraq.  Why go to Iraq and pay $3.22…when you can go right next do or to Saudi Arabia and [pay] $.23 for whatever you’re buying. 

What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22.  And I could be completely wrong.

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Post by Sam I Am on Wed Apr 10, 2019 1:25 pm

"What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22.  And I could be completely wrong."

You are completely wrong, but not for the reasons you think.  You're wrong because countries don't revalue their currency so that they'll have more money to spend.  That's idiotic.  But then Breitling and idiotic are practically synonymous.  The fact is the IQD will NEVER be worth more than 1/10 of a penny, regardless of the price of oil in Iraq or the price of tea in China or anything else.  

Busting Gurus Since 2011

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