The Thursday Night Big Call Recording with FootForward 1-760-569-7699 169061#
8-31-2012 Intel Guru Footforward The chaos is really at a level that is unreal. It is outrageous what the excuses are. Do I believe the negative info, not at all, none of it makes any sense. They want to be a powerful country. You can’t do that if you don’t have a strong international currency.
Shabibi has said that they will have the highest valued currency in the Middle East and the entire world. The dinar previously to being at the value it is now was $3.22, a strong value.
Iraq has everything to back this. We are going to an asset backed currency. People say they can’t sustain a $3 or $4 rate, are you kidding me, or people say they have to slowly raise the value, I’m going to say “not”!
That does them no good, doesn’t benefit them. Iraq isn’t in control, Iraq desperately wants out of Chapter 7.
I am expecting double digits and because of all the chaos, I am expecting something to happen immediately. I believe we are looking for something to happen at any moment, at any time, immediately at a very high rate.