Breitling - Iraq Can RV at 10 Cents! 1/18/19
Page 1 of 1
Breitling - Iraq Can RV at 10 Cents! 1/18/19
by Ssmith Sat Jan 19, 2019 9:21 am
What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other.
How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other countries and what they produce and how much their currency is and it doesn’t make sense does it?
Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other countries and what they produce and how much their currency is and it doesn’t make sense does it?
Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
Ssmith- GURU HUNTER
- Posts : 20038
Join date : 2012-04-10 
Re: Breitling - Iraq Can RV at 10 Cents! 1/18/19
by Sam I Am Sat Jan 19, 2019 1:01 pm
Saudi Arabia doesn't have 70 trillion riyals in their M1 money supply. Iraq's currency is not undervalued because its money supply is bloated as a result of hyperinflation going back to the war with Iran in the 1980s. Iraq can't RV to 10 cents. The most they could manage at this point is 1/10 of a penny, but why would they do that? It would just make their exports more expensive. No, their next move is a devaluation to 1200:1. Breitling's a moron.
Sam I Am- GURU HUNTER
- Posts : 1736
Join date : 2016-01-21 -
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» His Excellency the Governor of the Central Bank of Iraq meets with a number of financial and economic figures
» Honest: The citizen and the merchant are at the mercy of the exchange rates
» Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate
» The Minister of Finance discusses with the French Ambassador cooperation in the field of investment
» The Governor of Baghdad: A plan to build a thousand schools in the capital
» Iran Elections: As Candidates Quarrel, The People Are Calling For All-Out Boycott Of Ballot Boxes
» Washington: We will continue to stand by allies and partners in NATO's mission in Iraq
» THE ARAB MONETARY FUND ISSUES A STUDY ON "DIGITIZING TAX COLLECTION IN ARAB COUNTRIES"
» The Central Bank of Iraq is looking to establish a new bank in the name of “Al Hafez Al-Amin”
» Parliamentary Energy: The oil and gas law will not pass without political consensus
» Meeting in Finance to discuss the implementation of political white paper projects مشاريع
» Iraq's Foreign Ministry: The UAE has set a diplomatic model to be emulated in the relations of countries and peoples
» Al-Kazemi calls on Siemens to expand its work to produce clean energy to generate electricity
» The Group of Seven plans to achieve a "green industrial revolution" and reduce half of greenhouse gas emissions by 2030
» Oil Minister: Oil prices will not exceed $75
» A group of unions and federations announces the launch of a national campaign to support the Iraqi dinar
» Will Iraq succeed in overcoming its crises?
» Kuwait: We are committed to rebuilding the liberated Iraqi cities
» The fair exchange rate .. Who determines it?
» Guru Pimpy: "This is good. Supply and demand" (And Who Is Demanding Dinar? LOL) 6/12/21
» Mnt Goat: "I want to say that the fluctuating rate of the dinar in Iraq demonstrates to us once again that the rate is being manipulated" (Fluctuating??? It's The Same Rate At The CBI For 6 Months Now. LOL) 6/12/21
» Frank26: "the CBI come out and tell the money exchangers, 'We're in charge of the exchange rate not you. Stop it!'" (OMFG!!! Frank Has Hit His All Time Crazyness. LOL) 6/12/21
» Guru Pimpy: "That's good news...if they're starting to part more with the US dollar they're starting to regain a little faith in the currency" (By Dumping Dinars??? What An Idiot! LOL) 6/12/21
» MarkZ: "Hong Kong banking sources that are now under a NDA" (Translation - MarkZ Ran Out Of Lies For Today) 6/12/21
» Judy Update: ? (It's Next Week Again. Are You Surprised? LOL) 6/12/21
» Guru Holly Update: ? (WTH!!!) 6/12/21
» Fleming Update 6/12/21 (Guru Holly Is His Source Now! LOL Holly's Source...Fleming!)
» Al-Rasheed Bank begins installing ATMs in a number of government departments
» An economic specialist..increasing banks' shares of the dollar increases their profits and does not improve the exchange rate
» Dollar exchange rates in Iraq (1,505) 6/12/21
» The Iraq Stock Exchange is trading shares worth 63 billion dinars
» Al-Rafidain offers banking facilities to support investment projects
» Minister of Oil: Reducing the value of importing oil derivatives by two billion dollars
» Iraq surpasses Saudi Arabia in exporting oil to America
» Mohamed bin Zayed discusses with the President of "Iraqi Kurdistan" the development of economic and investment cooperation
» To get out of the mantle of oil .. Iraq reveals the details of an economic reform program and the date of its implementation
» Al-Kazemi: The government of Iraq is hampered by the restriction of the budget, and we limit the lagging projects to addressing them
» What Would Have To Happen For The Iraqi Dinar To Become A Stable Investment?
» The Ambiguity of “Revaluation”