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10-29-2014 *Adam Montana

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10-29-2014 *Adam Montana

Unread postby Vixen » Thu Oct 30, 2014 9:31 am

10-29-2014 *Adam Montana ~Here's the latest: 1. ISIS still not successful in taking Kobane. Between the additional ground forces and the continued air strikes against ISIS in Kobane, I don't expect the terrorists to hold out too much longer. 2. Budget - The budget is still stalled, but if you've paid attention to the news over the last week you probably noticed that a LOT is being brought up about the HCL...in fact, it looks like the two are tied together. Meaning when we see the budget passed, it's possible that the HCL will move simultaneously, and that could be the best possible thing in the world for this venture! *fingers crossed*. 3. GOI - I'm still feeling positive about the new GOI. Abadi is moving things in the right direction, we're hearing less and less about Maliki (just like I figured would happen ), and back to the budget/HCL - things are lining up perfectly.

10-29-2014 *Adam Montana ~[I've read a lot of articles about the deleting 3 zeros project...is it this delete 3 zeros project is the RV we're waiting? Or the IQD will RV 1st then they will proceed with the deleting 3 zeros? Because if I'm not mistaken, I have read the news about the Iraqis want to proceed with the approval of HCL first then the budget, which means the HCL will be approved within a few days. So, is it possible to say that if HCL is approved, the IQD will only RV = delete 3 zeros next year?] Regarding the "deleting the 0's", one of two things will happen. 1, they delete the 0's and issue new currency with a mandatory "trade in" of the current notes. If that happens, we don't lose anything, nor do we gain until the value increases...but in that case, we're probably only going to see a 2-3X return. OR 2, they don't delete the 0's and they raise the value on all notes while simultaneously introducing lower denominations. This gives us a much more likely high rate of return on the IQDs we hold, and is a very possible reality especially if the HCL and the Budget are passed as you outlined. In my opinion, scenario 2 is more likely and the "delete the 0's" articles can be ignored at this time.
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