BREITLING
Question: “I feel the RV will happen perhaps in a few months rather than years. Do you anticipate the exchange rate will be close to the same no matter which bank or exchange entity?”
Answer: The rate is the rate. If a bank charges a percentage to exchange that’s on the bank. You’re going to have to shop. No body knows...There’s no way to know what banks will charge to exchange but I’m pretty sure they’ll be competitive.
Breitling
August 17, 2024
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Breitling
What would happen if they did what Turkey did, they shifted their currency, they re-denominated, added value to it and tried to recreate the markets to get more customers and it doesn't work? There's no place to go. It would be too tough. Then they would really be dependent on the US dollar and then they would have no power over their own economy. That's what's at stake for Iraq. They are in trouble. They are in deep trouble...
Breitling
The key for Iraq - For them not to be dependent on the dollar. If the economy is 100% energy then they're going to be 100% dependent on the US dollar.
How do they get their currency outside of that ?
They have to open up to doing business in completely different sectors... Then they can attach that part of the economy to the Iraqi dinar. And they can add value to the dinar as they see fit. That's always been the underlying goal of what we want Iraq to do...
Breitling
I've gotten the weirdest hate mail with a capital H. You people need to just suck it up. I don't care if it's not what you want to hear...I'm just reporting what the policy in Iraq is and whether it's pushing our speculation forward or not. That's all it is. Nothing more than that.
Breitling
I beg you. Do not turn this investment into a religion and do not hide from facts...People that do that always have financial problems...You have to watch policy.
Breitling
[Iraq's] policy has changed for the very first time since we've been in this...speculation together. The policy is going to change on either side of the aisle...Iraq is going to be punished if they keep moving forward here [moving more and more pro-Iranian]. That's not good. That's not positive for us.
The Untied States is trying to influence [Iraq] to do the right thing. Hopefully they will do it and everything will be hunky-dory. Well the reality is IMO if the CBI had that influence it would have been done already. That's the problem. That's why I'm in the neutral zone. It sucks because I put my heart and soul into this. Don't think for a minute I don't feel it because I do...This could mess up the timeline and push it back, maybe even permanently if Iraq can't handle these financial problems.
https://dinarevaluation.blogspot.com/2024/08/rv-update-by-breitling-8-august.html
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