Wednesday, November 27, 2024

TIDBITS FROM POMPEYPETER, 27 NOV

 PompeyPeter 

 A lot of people "called it".  A lot of people got egg on their faces.  Everybody get's it wrong from time to time and everybody has to take their turn. 

 There are gurus out there with egos the size of a planet...who just can't hold their hands out and say, 'Oops, I got it wrong'...

There was a slim chance, a slim chance, it could have gone but that chance depended on B320 which has to do with the bond auction

These are not the normal auctions these are the bond investment auctions which they were given 14 days to get onboard with...They would conclude the 26th...

The purpose of those bonds was largely to give back IMO to the people...to invest, get their chunky dinars out, get some more of them off the streets and they could invest in their country. 

What it would mean is they get a nice interest rate when they matured in a very short time and it also meant they get the big lovely bonus of extra purchasing power when the RV occurred.  They are due to complete [today 11/26/2024] 

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