Here’s the latest insights I’ve received on the dinar revaluation. I am passing it on as is.
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BOOM ! BOOM !! BOOM !!! I could have sworn I heard something……….did you? How is everyone today? You know me Family….I am happy. Especially when I read an article saying that the GOI is going to give money to Iraqi citizens and here is the part that just tickles my fancy………funny bone. LOL……….I thought that was cute. They said that this action would expedite the adoption of the IQD rate. Now that’s some fancy words for saying …….we are going to lay the gravy down and it’s going to be thick.
Supposedly, without us knowing about it (tongue in cheek)…….the GOI drilled deep enough in the sand that they found 4 billion IQD’s to spread among the families of Iraq. Each Iraqi is going to receive 100 thousand IQD’s issued to his smart card. Yesterday I posted that the smart cards would be left in the back pocket of the GOI until they are ready to pull it out at the last second………..as a trump card…………for chump change.
I believe it is on page 2 of yesterday’s thread. But is it really for chump change based on this new information? Okay, let’s figure it out………..no disrespect to Obama’s stimulus package………but this package knocks the socks off of anything we have done in the US. If there is no RI ……….then the 100 thousand IQD which is equal to about $85 USD………..is definitely chump change being put on the citizen’s smart cards. Granted, you can go to the market, maybe twice…….but that’s about it. Now let’s say they have the RI…….and for simple mathematics, let’s say the rate is $4. That means each citizen has 400 thousand USD. Awww……but does he? In his country, it would not be worth 400 thousand USD, but the 100 thousand IQD. Is this bad? Of course not!
The prices would be adjusted in the country accordingly. How long have I been telling you that we have been monitoring prices in the local markets? We have been noticing major price adjustments. The 100 thousand IQD may not be recognized by a bank in Iraq in another currency, but I promise you it will have the same buying power as 400 thousand USD. This would be a brilliant move. I told you that they are positioning themselves for the elections in January. We got T with a new party and we see things moving at the speed of light in parliament.
How many of you saw that more of the Oil Law was passed today and is being presented at parliament? It reminds me of people standing in a long line and they keep pushing each other to try to get to the front. Things are happening rather quickly. If they get this oil law passed before the end of the month……….then they have more to add to their 4 billion IQD newly found reserves that are being presented to their smart cards. Widows are also receiving 100 thousand IQD and their children, an additional 15,000 IQD each. If ……….IF the RI happens this month, then this is special buying power for the citizens to start rebuilding their country. The politicians gain votes because they appeased the voters and the rest of the world is also happy.
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