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Gurus Frank26 & Firefly 1/2/23
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Gurus Frank26 & Firefly 1/2/23
by Ssmith Mon Jan 02, 2023 1:57 pm
FIREFLY: Late January Iraqi citizens have been told they will be able to buy US stocks or any other stock in the world in our market. This screams some type of international.
FRANK: That is correct. You will be able to buy currency outside your borders because the international world will be able to buy your currency outside of your borders also. And as it travels outside in a float it will gain value, security and stability. I pray to God they take it up to at least $3.22 maybe even as high as $4.25 but it’s up to the agreements they made with Kuwait and the IMF.
Question:
“Would $3.44 be where the float starts or would that be where it’s capped?”
That would be the capping. That would be the Real Effective Exchange Rate…you don’t want it to go to far past the other middle eastern countries…
Question:
“So the maximum rate will be $3.44 when we should ‘fold’m’?”
Don’t put me in that position. I can’t tell you when to hold’m and when to fold’m…
FRANK: That is correct. You will be able to buy currency outside your borders because the international world will be able to buy your currency outside of your borders also. And as it travels outside in a float it will gain value, security and stability. I pray to God they take it up to at least $3.22 maybe even as high as $4.25 but it’s up to the agreements they made with Kuwait and the IMF.
Question:
“Would $3.44 be where the float starts or would that be where it’s capped?”
That would be the capping. That would be the Real Effective Exchange Rate…you don’t want it to go to far past the other middle eastern countries…
Question:
“So the maximum rate will be $3.44 when we should ‘fold’m’?”
Don’t put me in that position. I can’t tell you when to hold’m and when to fold’m…
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