Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20
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Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20
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.
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- GURU HUNTER
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Re: Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20
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.
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
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Re: Breitling: "They want to devalue their currency so they can pay off debt - get the payments down" 12/30/20
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...
They are all grasping at straws and throwing spaghetti to see what sticks with there followers to keep their game going...
RamblerNash- GURU HUNTER
- Posts : 19792
Join date : 2015-02-19 -
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