Militia Man & MarkZ
[via PDK]
Militia Man: ...Iraq is going International big time…Iraq is considered to be one of the world’s wealthiest nations with vast reserves…They have the money they need for a new real effective exchange rate. With the oil, natural gas, sulfer, precious metals etc…they can afford it.
All the data we've had in the last two weeks has been pretty much phenomenal because it sets the stage of so many things that converge on one another.
A number of bankers I know are seeing “Pending” on the screens instead of “on hold” . Which is what they have seen on a number of currencies… So for the first time bankers are reporting seeing pending now. Depending on the bank…different rates are showing like $4.50 or $4.60 on the dinar. We don’t know if this is a test…or this is “it”. We don’t know if they are priming or prepping the system.
”Central Bank Governor: Washington responds to all that Iraq needs in terms of dollars and meeting with it next month 28th of Nov.” This article was from yesterday. Quote: “There are no restrictions on Iraqi funds abroad” This is what we call “International” Awesome things are coming out of Iraq. Question: I am hearing that a Dinar rate announcement is likely in the next couple days...are you hearing the same with reason for confidence? MarkZ: I am hearing that.
MarkZ: And the rare earth minerals…Iraq has just discovered…Iraq is worth much more now than when the rate was $3.22 over 20 years ago.
Most of these bilateral agreements and treaties include provisions related to the freedom of movement of capital. This whole topic...Article VIII, Article 14 of the IMF is accepting the obligations...It encourages the freedom of movement of capital between countries. So everybody get ready because the fact is what we're seeing is evidence of them actually doing it in real time..
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