STATUS OF THE RV
Oh…. folks there is so much news pouring out of Iraq, most of it is all about the banking reforms and the necessity to clean up these 24 banks imposed with US Treasury dollar sanctions and for them to follow international banking practices. Where should I begin today?
First, we all need to establish a rightful “mind set” on what is actually occurring between the CBI, the Feds and the US Treasury. If you read the headlines today you might begin to panic. Oh…. you might say things are looking really bad for Iraq.
😊But I assure you that this is all actually VERY GOOD news for us investors. Try to remember this recent move by the US Treasury didn’t come without warnings. They have been warning the CBI for years to clean up this corruption mess with their banks and follow international banking laws.
😊Also keep in mind that this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed. You do want this don’t you? You do want to go to the bank someday and exchange your dinar at a comfortable rate?
So, you can look at the glass as half full or half empty. Which is it for you? it is your choice and you can be a negative nanny or a smart investor. Either way the situation does not change until these banking reforms are instituted. Get it? Better now than waiting yet another frustrating year, just to get to this point. Get it?
😊We should actually all be VERY HAPPY that the US Treasury has now finally stepping in with more forceful measures. If anything could be negative about it, it is the fact that we ask why didn’t they make this move earlier, like last year or years before. They knew about the problem as we read many past articles on it. What made they react now is the fact that the Strategic Plan for banking reform and the currency reform could not move ahead on schedule in mid- June with the plan for the Project to Delete the Zeros. The level of corruption was only discovered with the extensive audits that were conducted as forced upon the banks by the US Treasury. In recent articles we learned about the financial group Ernest and Young who were contracted for this purpose...
TO BE CONTINUED
No comments:
Post a Comment