Breitling: "They said they wanted to get back to $1.17 and then after that..."

Breitling 



Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.)  If it doesn’t revalue it doesn’t mean you and I are wrong.  We’re right.  We’re watching everything you see.  Think about this.  You watch a football game, right?  It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard.  One team has 49 points and the other team has 0.  You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes.  It’s the same thing with Iraq…everything is set in place for them to do international business with their currency….

…There’s no way around it.  Sooner or later they are going to have to add value to their currency.  They stated it.  They want to do it.  They told everybody what the value is.  They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25.  I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that.


9/29/18

What a blithering idiot.  Breitling has been saying for nearly ten years that Iraq is going to revalue, and the IQD is worth less now than it was in 2008.  So yes, Breitling is wrong.  He has been wrong for nearly ten years, and if it doesn't revalue by more than a few % he will be proven to be a total fraud, and all of the lemmings who listen to him will be SOL.  That's stupid statement #1.  Stupid statement #2 ..... the ridiculous analogy to a football game with with a 49-0 score with 2 minutes left and the team that is ahead blowing it at the end.  A better analogy would be the team that is behind by 1190 points coming back to win in the last two minutes.  That's about how likely Breitling's RV is.  Then there's stupid statement #3.  They (whether Iraq, CBI, or the Ministry of Planning) never said that they were going to revalue to $1.17.  No country EVER announces a revaluation ahead of time.  If they did that speculators would buy it all up and the citizens would hoard the currency, which would send their economy into a grinding halt.  No, the Ministry of Planning recommended back in the 1980s that the Saddam dinar be devalued from $3.21 to $1.13 because it was grossly overvalued.  This recommendation was made in 1984 and amended in 1990.
  https://web.archive.org/web/20160507152254/http://www.mop.gov.iq/mop/index.jsp?sid=1&id=295&pid=259&lng=en
This report had precisely ZERO to do with the IQD.  You might as well read a report from the Dow Jones from 1984 to pick a stock to invest in.  It's totally obsolete.  I repeat ... Breitling is a blithering idiot!  Heed his advice at your own peril.