What they are doing right now with their banks, auctions, and LD’s is all that matters…they will stop the auctions on the 31st…the 31st is a Thursday…Friday off…Saturday off…the beginning of the year…this is not a coincidence…they will need to start selling their own currency through the auctions to make money…they do auctions because they are not international…so they sell USD to make money. But now they will be international with an international currency and rate…out of Article 8 which will do something phenomenal with their reserves. If these LD’s are purchased by the banks do we then have to have the rate…no…it means they are now in position to introduce the rate.
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