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Guru Pimpy: "they destroyed 70% of the currency...we know that less than 5%...is in the country" 2/12/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Guru Pimpy: "they destroyed 70% of the currency...we know that less than 5%...is in the country" 2/12/20

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Guru Pimpy: "they destroyed 70% of the currency...we know that less than 5%...is in the country" 2/12/20 Empty Guru Pimpy: "they destroyed 70% of the currency...we know that less than 5%...is in the country" 2/12/20

Post by RamblerNash on Thu Feb 13, 2020 12:11 am

Guru Pimpy  

...I talked about the currency that was being bought by Iraq from the public.  They were spending somewhere between a billion to $1.5 billion per month in oil revenues to buy currency off the open market and at that time that was 70% of the currency that was out there...what I recently learned was...they destroyed 70% of the currency...we know that less than 5%...is in the country.  I still think it's lower than that...if you look at all the goods they have and you try to come out with a rate...you're probably looking at 4 or 5 cents.  That's not unrealistic...in the paperwork I saw a rate of $1.34...The BTI report shows you two rates...$1.71 and $1.13.  There's good arguments why you shouldn't trust those.   It has to do more with the money supply that's out there...I think the rate's gonna be $1.34.  It's gonna be locked there for about 3 years...


2/12/20
RamblerNash
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