MarkZ
[via PDK]
There is so much happening…..It's shaking out to be an interesting few days. Article: “Iraq Financial Delegation heads to Ankara to discuss trade with Turkey” this is more Iraq coming on the International scene. They continue to function as if they are already a member of the World Trade Organization. They are busy making regional alliances.
In Iraq: “Change of business dealings- Iraq replaced dollar with currencies to stabilize the dinar.” In other words “De-Dollarization” They want to be totally dollar free by Jan. 1st. All part of creating a basket of currencies that will help support the dinar.Something to measure against other than the dollar
Here is one more...bank story: This person went to Krogers…and what they had installed in Krogers will surprise you. A currency redemption machine that reads foreign currency...
And they are building a brand new BOA right across the street with no drive through windows …in the lobby there are no tellers...in the lobby are 2 big tables…and there are 10 offices down each side of the building. This is a totally new format and will be open next week...They are expecting people in with foreign currency. How many people roll around with foreign currency? I think this is a huge tell on what they suspect is coming…