"RV UPDATE" BY MARKZ, 25 MAY

 MarkZ 

  [via PDK] 

  I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.

 Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started?  I do not know.

Question:  When do you think this RV plane will be landing?

   MarkZ:    Im afraid to say what I think because I am extremely upbeat and do not want to add to the difficult roller coaster we have been riding on.

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I have been in touch with a number of contractors …projects that were moth-balled and stalled now suddenly have funding in place...2 contractors in Iraq...believe they will see their rate...(about $3.90)...this week for their projects...I find this very interesting...Where is the money coming from to start these massive projects. Their whole budget is about $162 Billion. 

But one contractor was told they are getting ready to start a $150 billion dollar project. Which means there is a lot more money moving than what we are seeing right now.

 Question:  What do you think the new rate for Iraq will be?   

 MarkZ:  I could be wrong but, I think the rate will start about $3.90 or so. But we are totally guessing.

We know that the budget has passed with $162 billion. It was $153 B last year...There is plenty in the news showing us it is passed…but I have yet to find where they are covering a budget shortfall with a rate...I was told to expect something within days of it being passed. 

 Comment:  Its interesting they are saying billions and not trillions for their budget totals.  They must have a rate hike? Right?

  MarkZ:  You are getting it. We are just trying to piece together “what is that rate?”

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-22-may.html