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Friday, October 12, 2018

BLOODLOCH TIDBIT,12 OCT

Bloodloch    Newshound/Intel Guru Mnt Goat quote:   "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes."  

I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. 

What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes,

The latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes.

 It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds.

And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate.

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