Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Join Us for Dinar Discussions and More

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

DINAR INFORMATION LINKS

PARTNER SITES

Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20

2 posters

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: GURU FICTION & PREDICTION DAILY

Go down

Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20 Empty Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20

Post by RamblerNash Thu Dec 31, 2020 12:41 am

Breitling 

If you look at the Saddam Hussein era the currency was worth $3.25 cents...How many people were buying Iraq's energy?  It was a lot but it's not as much as it is today...$3.25 with less customers!  You understand what Iraq can do...Iraq needs to sell energy through the U.S. dollar and at the same time add value to their currency.  Those are different markets.  They have to add value to their currency as a policy so they can create the markets...If you look at it through that direction it's crystal clear.

This last year they kept talking about adding value to their currency and complying with what Trump's trying to do...the next thing you know they devalue it.  What are they doing?  They're trying to negotiate because they're on the edge of doing this.  They want to devalue their currency so they can pay off debt - get the payments down...then they're going to start adding value to their currency.  Iraq needs to get out from under the U.S. dollar... adding value to their currency there's more than one path...it's very simple.  It's a policy based investment.
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24230
Join date : 2015-02-19

Back to top Go down

Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20 Empty Re: Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20

Post by Sam I Am Thu Dec 31, 2020 4:50 pm

"...it's very simple.  It's a policy based investment."

Except that their policy is exchange rate stability.  They kept it between 1166:1 and 1190:1 for over ten years.  They only reason they devalued was that they were forced to by economic conditions resulting from the extensive decrease in oil revenues.  Look for them to keep the value between 1400:1 and 1500:1 for a few years.


Last edited by Sam I Am on Thu Dec 31, 2020 7:48 pm; edited 1 time in total

*****************
Busting Gurus Since 2011

Sam I Am
Sam I Am
GURU HUNTER
GURU HUNTER

Posts : 1762
Join date : 2016-01-21

http://www.jewandgreek.com

Back to top Go down

Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20 Empty Re: Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20

Post by RamblerNash Thu Dec 31, 2020 5:22 pm

Now how come Breitling, or any other "Dinar Guru", saw the IQD devaluing, and reported it ahead of time? LOL

They are all grasping at straws and throwing spaghetti to see what sticks with there followers to keep their game going...
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24230
Join date : 2015-02-19

Back to top Go down

Back to top

- Similar topics
» Breitling: "one of the strategies of getting out of debt is lowing the value of the currency. Then you pay at a lower price" (Payments Are Made In Dollars, etc. What An Idiot!) 12/28/20
» Breitling: "They devalued their currency on purpose so they could get rid of some of their debt" (Is This Guy Really That Stupid? LOL) 8/7/21
» Breitling: "They're not going to come out at a super low rate because it wouldn't fix anything" (Didn't Breitling Say They Were Getting Rid Of Debt? Can It Be Both? LOL) 8/10/21
» Breitling: "...and to do that they're going to have to add value to the Iraqi currency" (So Why Did They Devalue It? LOL) 8/22/21
» Breitling: "[Do you think we have a window...to mid-November?] Yes, absolutely" (December? Yes. January? Yes. Did They Need Windows To Devalue? LOL) 11/3/21

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: GURU FICTION & PREDICTION DAILY

 
Permissions in this forum:
You cannot reply to topics in this forum