This is driving people nuts and I don’t know why…there was a change in the value of the dinar and people are trying to speculate what that means and what’s going on.
I’ve used this analogy before…what makes Special Forces elite and better than anybody else? It’s their training. So whenever they have a task to accomplish they are not guessing. They have a plan a, b, c, d and e with multiple scenarios and multiple exit plans.
The reason I tell you this is that is exactly what Iraq is doing with its currency. That is the only reason the value changed this last week. It’s because they are testing the market.
But they are testing it at a very small level. Why are they doing that? Because they don’t want to guess. There should be a direct response on any type of movement of a currency…
It’s a test and nothing more. They want to see how the market reacts. That’s policy.The other question that’s kind of interesting is.
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