Frank26
[Iraq boots-on-the-ground report]
FIREFLY: The television is talking about the Iraqi Development Fund that is inside of the budget...They keep talking about the budget, what's in it and the development fund is what's key.
FRANK: Profound...the Development Fund is what's going to fund the budget. This development fund is the new exchange rate. They're talking about it because they're talking about the exchange rate...What they're talking about is you have a new exchange rate that is coming for everything to work...
FIREFLY: My bank guys says corruption is still the major holdup right now but even Sudani was on the news saying for parliament to stop calling out Alaq. He's saying the parliament members are the problem...
When you ask when is it going to happen... ask how is the cleaning going. How is the removal of Iran...eradicating the smuggling going. That's what we want to know. Nothing else.
Because once the atmosphere is suitable you're going to get what you want. You're never going to get rid of the cockroaches but you can definitely control them. That's what's happening right now - corruption is being controlled, it's being cleaned up.
Major powerful countries are coming into Iraq. It's going to effect their currency exchange rate. More than anything else it will rocket their float and that when you have to be very astute. Watch it...You've got to watch the rate in the float. Know when to hold'm and know when to fold'm. Know when to backoff.
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