MarkZ
[via PDK]
Very quiet out of Iraq...and quiet on the banking side.
Question: Is this weekend a possibility?
MarkZ: It is definitely a possibility.
Question: Do you think it is still possible that things go this month?
MarkZ: I think it’s possible. I am hopeful we will at least get announcements this month …even if we have not yet made it into the banks.
We keep getting positive news. Over the last 2 days in Iraq I’ve seen about 4 articles pushing to remove the US. And about them executing their white papers or economic reforms and restoring their exchange rate. To me “restoring” is to put it back the way it was. Right? And restoring it back to its former glory when it was one of the most valuable currencies in the world. So to me that would mean at least $3+...If you do the math $3.22 in 1991 and adding in inflation would be a rate of around $7.25 today. Wouldn’t that be something. WOW
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