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Thursday, May 3, 2018

BREITLING TIDBIT, 3 MAY

Breitling  ...What would be the optimal time for Iraq to revalue? 

This is just my opinion.  I have not heard them talk about this and there are no articles attached to this…it very rare that I throw my opinion out. 

In my opinion they should revalue before the prices go down in energy…if they wait for the oil prices to go down too far then they can only make money off revaluing their currency…

What’s the date?  I don’t know. 

What’s that rate?  They are going to have to have enough to compete in the world.  In other words they have to have a price that people can go out and invest...for people to take the dinar seriously. 

So it’s not going to be at a tenth of a penny.  It’s not going to be two cents.  It’s not going to be ten cents.  It’s going to be up there…the currency has to be able to compete with the Euro and the US dollar.  And that’s how it works and that’s what’s coming down the road. 
It’s all based on energy and the projection of energy…

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