"RV UPDATE" BY MARKZ, 23 NOV

 MarkZ

[via PDK]

Question:  What is the difference between and RV and an RI?   ...RI means they are re-instating the old value. An RV is revaluing at something different than the old value. Either one will be great for us.  If they re-Instate it – I believe the rate was $3 something…maybe $3.30 or so….  Even with a re-instatement they are able to add more for inflation which could put it in the $4 dollar range.  That is the basics.

They are really screaming today…. What is really shocking when I talk to some of my folks in foreign currency and Wealth Management…I call them redemption contacts…Well, they are on call tomorrow.  This will be their first major holiday where they are actually “ON CALL” in case this happens. This was a big one IMO.  This was a first for me.

Comment: Researching bank websites in my little town – “Wealth Management” is a service found on all – not used to seeing that. Another service is “Foreign Currency Exchange”.

MarkZ: Banks are preparing for the shift.

In Iraq they are talking about how de-dollarization is working…and now that they have opened banks using other currencies …it has greatly reduced their reliance on the US dollar. And they are seeing the dinar rate gain against the US dollar. I was told that as soon as the parallel/black market rate reaches the official rate…then the big value change. They need to stabilize the rates before they can change them.

I have heard some very encouraging things about the next 4 days…Banks are excited…and banking personnel believe we are very close. In a nutshell it points to the next 4-5 days for our announcements.