Frank26
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 affect 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.
Question "Many years ago Dr. Shabibi said the dinar would be able to support it up to $16. Would that still be true for the RI?"
No, it's far past that but it would be illogical to come out at $16 or $28 or whatever. You need that margin for the float.
You don't need it to show off. That's what Kuwait did and they realized their mistake...The next day
they brought it back down very quickly. It gave a window for sharks and whales...and they made massive amount of money. Obviously it was done on purpose. And obviously the IMF doesn't allow that to happen again.
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