EXCERPTS FROM MARKZ
MZ: in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade. Including Jordan, Saudi Arabia, and different countries around them .
MZ: They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves” to support the value of their currency.
MZ: On the bond side I have noticed a serious increase in the number of deals that flippers are making. And offers that flippers are making with immediate closures on those deals. They are telling bond people “What if those goes on longer- you should sell to us right now”
MZ: Why are historic bond flippers willing to spend a lot more money right away- then they were before? Do they sense how close we are? Do they know something on this front? This kinda surprised me
MZ: Flippers are suddenly willing to spend billions of dollars to pick up boxes of historic bonds ect….IMO they would not be spending this money unless they felt they would get it back quickly with a profit…They have to know it is coming.
Member: so like flipping a house. You buy it a bit cheaper ..then resell it at a profit . got it….that is very interesting
Member: I have heard $4.20 in country in Iraq right now
MZ: I have heard that rumor as well….dont have anything confirmed yet
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