STATUS OF THE RV
I wanted to come in today and give a normal Tuesday Newsletter. However, I will try to make it shorter than normal since I know many are still shopping or making last minute preparations for spending time with family and friends over this Christmas season.
So, first I wanted to dispel some idiotic rumors once again. As normal around Christmas time these idiot intel gurus (mostly namely the TNT idiot) tells everyone that the contractors are being paid at an RV rate and this time of $3.91 per dinar.
Really? How is this possible. Simply put – its NOT.
It is stupid to even repeat such a lie. How unknowing even about the financial system in Iraq to think this could even be possible when the “official” rate of the Central Bank of Iraq (CBI) is still at 1320 dinars per dollar.
No they are not trying to covertly implement the RV slowly behind our backs. Again, more nonsense. There are no games being played here.
The CBI told us many times already they would be upfront and straight forward about the process of the RV. Oh… but once again these gurus are just speculating and that is the fashion of all their intel. When will they actually get down to telling their listeners about FACTUAL information.
Think about it…. why in hell would the finance committee pay out to contractors at this absorbent rate when at a time when the CBI is trying to reel in dollar and stabilize the economy?
Although it is what we as investors are looking for right now, it would only destabilize the economy if they do not follow the entire process all the way through.
Yes, there is a process to success of this kind of major revaluation that is coming. So, when I hear rumors such as this, I normally bump them off my CBI contact and 99% of the time they are just rumors or lies.
Remember a lie is when you damage someone or hurt someone maliciously, thus knowing that this could happen, but still tell it anyway. This is hurtful and these people should be ashamed of themselves. The intel gurus can’t hide from their responsibility and claim they are just “passing” on information. Where has common sense gone?
In today’s news we read in a couple of the articles that tell us that sudden changes in the rate of the dinar could be disastrous for the economic stability of Iraq. Opps! There’s that word again – STABILITY. Yes, how many times must the CBI tell us they need STABILITY and SECURITY in order to execute the Project to Delete the Zeros, in the next phase.
😊Please go read the article titled “ THE DOLLAR MARKET IS ON “ONE LEG”.. A NEW MECHANISM AND THE EXCHANGE RATE IS THREATENED!” I quote from the article-
“In light of these moves, news has been raised about a move towards a new adjustment to the exchange rate, which has raised economists’ concerns about the potential impact of this move on the economic process in general.”
“Experts stressed that sudden changes in monetary policy could create additional confusion in the markets and undermine confidence in the financial system.”
What are they saying in this article?
This article is not bad news but rather they are just telling us that there is a process in place to change-out the dinar to the lower denominations and effect the rate as part of this process without causing havoc.
A higher, sudden RV, if not done appropriately would cause havoc.
I explained this process and I only hope my readers are not that stupid to fall for this TNT garbage intel. They (the authors of the article above) are saying you can’t just, for instance, decide to pay out contractors at $3.91 and ignore everything else that may be impacted by such a sudden change in rate. Get it? Do you see just how stupid this idiot TNT Tony is to even repeat such nonsense to his listeners.
He just creates rumors that filter down to many of the other gurus who then use his information on their sites. His calls are all just about rumors. The rumors blossom and before you know it everyone is spreading it as if it’s the truth.
Then again when nothing happens, for the thousandth time, everyone is hurt and the stress continues. Then they come to Mnt Goat Newsletter and it affects their point of view too. Yes, it does impact my readers and this is why I try to clarify these rumors and put them to rest. And yes, I am sick and tired of having to do this just as you are reading it.
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