Frank26
The monetary reform is not a secret and the Venturi effect of the monetary reform is causing so much pressure with so little time left to accomplish what they need to accomplish. What do they need to accomplish? They need to help their citizens of Iraq, to add value to their currency...
1 to 1 is stupid...Did they not say their desire is to be on par 1 to 1 with the American dollar? Did they not say their desire is to take that relationship and de-peg from the dollar and go into a basket where the dollar, ...instead of being pegged, will be paired with the dollar along with many other currencies...They told us that did they not? I didn't make this up in my imagination. This is the monetary reform plan...They told us about what is going to happen on the 1st...1 to 1 in a basket to start out with? No. IMO when it comes to calculating...look at inflation factors...M1, 2 and 3 figures ...No - 1 to 1 is stupid...it's ridiculous. Question: 'How fast do you think the rate will increase [Once it floats]?'
Frank26: I always thought within a year. [Now] Anywhere within 3 to 6 months IMO.
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