Wednesday, October 30, 2024

TIDBITS FROM MILITIAMAN, 30 OCT

  Militia Man 

Iraq is losing billions per month

... Why aren't they pumping oil out of the Ceyhan?
  I think that's because they need to value the assets...which is oil coming out of the ground...

What is going to be the components of that 'base currency' they talk about. 

 What is the base currency they talk about 

The Iraq dinar.  If it's going to be a base currency what's the real effective exchange rate.  And that's those budget tables in 2024.  That's what I'm looking for...I think we're going to see them in very short order.

You haven't seen the investment side of the 2024 budget.  That's where everybody should be paying attention. 

 If you own dinar you should be paying attention...They haven't exposed the 2024 investment side of the budget. 

 Why?  In my view it's exchange rate oriented... They need the exchange rate so they have the final accounts...

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