IRAQ BOOTS ON THE GROUND REPORT BY FIREFLY, 3 AUGUST
[Iraq boots-on-the-ground report]
FIREFLY:August is looking good...a lot is coming to a point in August. Iraq is opening up 4 military manufacturing plants...to produce military equipment and weapons. Isn't that saying the sanctions will be off?
FRANK: Your country has no sanctions.... whatsoever of any kind.
FIREFLY:TV saying CBI banks are offering a 10% gain on any investment opportunities.
FRANK: Shoot, I might even come there! They're going to give you 10% on your money if you open the bank account? ...Are you kidding me? You talk about incentives...
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FIREFLY:My bank guy did say dropping the zeros does not change the value.
FRANK: He's right. Because it's going to be 1 to 1 with the American dollar. It doesn't affect it inside. It will effect it outside. No it will not change it. When it floats it will change it.
FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop. We are not like that. We drop to add value. It's all inflation based.
FIREFLY:My bank guy did say dropping the zeros does not change the value.
FRANK: He's right. Because it's going to be 1 to 1 with the American dollar. It doesn't affect it inside. It will effect it outside. No it will not change it. When it floats it will change it.
FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop. We are not like that. We drop to add value. It's all inflation based.
FRANK: Yes, you drop to add value inside of your country...They wanted to be at least 1 to 1 with the American dollar in order to add this value to your currency. That's why he means that dropping the zeros won't add value to your currency...Then your currency will float on the International market and the value of your currency goes up outside your country as well. Inside, it will go from 1320 to at least 1 American dollar in order to add value which is purchasing power...If it was a lop they would be adding zeros.
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