Guru Jeff: "Shabibi said that the best time for a rate change is either at the beginning of a fiscal year or middle" 12/26/19

by **RamblerNash** Thu Dec 26, 2019 10:35 pm

Guru Jeff

...[Guru's] Frank26, Delta and MilitiaMan are all of the opinion that the rate will change around the beginning of this fiscal year...[MilitiaMan] is saying that March is a reckless rumor...here's where he's wrong...Iraq's never done a rate change at the end of the year...roughly 2010... Shabibi said that the best time for a rate change is either at the beginning of a fiscal year or middle. They've never commented around the end of a fiscal year...Back in the '70s Iraq's fiscal period was actually the exact same as Kuwaits from the beginning of April through the end of March...in 1973 Iraq's currency pegged to the dollar was worth $3.37 ... ...Iraq's preparing to join the international world community...Iraq will start managing and controlling all of their own affairs...that's when they would most likely transition to a new fiscal year and un-peg from the dollar and repeg to a currency assortment basket to be structured exactly how Kuwait is structured today...

...I've been in this 10 years. I think I've only seen one article in 10 years where they ever talked about the physical exchange rate of the Iraq dinar ever being in the $3+ range. Like 99% of all the articles I've seen that mentioned anything about the Iraq exchange rate they've always showed it to be in the dollar range. Why is that? They're never gonna show you the real truth as to what the rate is even gonna be. That's why like I said 99% of the articles are talking about the dinar exchange rate being pegged to the dollar showing that the value of the exchange rate is in the dollar range. They don't want us to know that it could be in the $3+ range...they don't want you to think that it could even reach $3+...

12/26/19