Who moved the cheese?
Fireball92: I am not in international finance but I can’t see how it couldn’t be good for our investment to have Iraq reinstate the pre war value of their currency.
We are also told that the international community is systematically accepting the RI rate. That has to mean that THE IRAQ DINAR (IQD) will very rapidly be traded INTERNATIONALLY.
WE ARE GOLDEN – BUT THEY MOVED THE CHEESE! But watch out. The $3.22-$3.71 initial street rate is the trap. (Maybe a strategy here is to CE just enuff to float your absolute immediate needs, waiting to CE the bulk of your currency when the Forex value peaks or your nerves snap.)
We have frequently been advised that the moment the IQD/IQN is traded on Forex, the IQD value will temporarily skyrocket. Some have said that it may reach the mid teens before it turns back (THAT’S THE NEW CHEESE) and many expect the IQD/N value to finally settle around $4.50 on Forex.
(If there is someone with constructive comments and KNOWLEDGE that can see error here, please share… thank-you.)
I don’t know where the CHEESE FACTORY is yet. LOL
Of course one of the most frustrating parts of this quest is it’s extreme fluidity. Now there’s another term that has taken a beaten in Dinarland. I believe that it isn’t the financial reset that is ‘fluid’. What is ‘fluid’ is the resolve, character and integrity of those that are in charge.
Whether they are in that position rightfully, acting as good ‘public servants’ or they have received the position by hook or crook, no matter, it seems that the majority lack honor and lack of honor allows the greedy and power mongers to allow whims and their fear of losing an iota of their comparative wealth or one tittle of their power, HONOR seems to be the missing ingredient that can solidify the fluid.
Even with the seemingly endless number of variable to match to the very limited facts, it seems that ‘our cause’ has received a blast-from-the-past-backhanded-RI-boost.
(I say past cuz, many may rember that there was a time that there was a raging debate RI-RV. Most had given up on it.)
So all that said, I like the analysis xpersol gave on another thread. The whole International Community, Iraq and the IMF finally stood up to the bully. In the Chess match, Maliki moved (probably by command) Iraq’s RI-chess-Bishop and now has the USA-chess-King in a corner…
CHECKMATE?