1-18-2016 *Breitling
Posted: Mon Jan 18, 2016 11:36 am1-17-2016 *Breitling ~So it was about $1.25 but they didn’t do that what they did was they started pumping out dinar right off the bat…tons of it. You had to have faith that Iraq was going to reduce the note count. So the currency isn’t devalued…it is not a market based devaluation it’s an economic strategy devaluation. And it’s held at this price for a strategic purpose…Iraq has hit every point they need to hit with their currency and the way they’re adjusting it to build their economy and then they get it to a certain point and guess what? They are going to begin to reduce the note count and they’ve done that.
1-18-2016 *Breitling ~Iraq is selling their gold for dinar and that told us how valuable the dinar is. What are we looking at? It's advantageous for Iraq to sell their gold for dinar to reduce their note count and buy gold at the same time so they can back up their reserve. What's the other part? It's supply times velocity… the competition of the US dollar inside of Iraq. This is the article that makes me very very happy…
1-18-2016 *Breitling ~Iraq is selling their gold for dinar and that told us how valuable the dinar is. What are we looking at? It's advantageous for Iraq to sell their gold for dinar to reduce their note count and buy gold at the same time so they can back up their reserve. What's the other part? It's supply times velocity… the competition of the US dollar inside of Iraq. This is the article that makes me very very happy…