6:38 PM SWFlloridaGuy: I just got off the phone with Studley who is one of the
few people I have a lot of respect for as an intel provider and as a financial
expert. He is very confident we are near the end but insists absolutely no
one will be able to pinpoint the exact timing. He confirmed that knocking
random dummy rates and numbers around while testing has nothing to do with
the actual solid numbers due to the potential for insider trading,
corruption and runs on currency.
So, we can ignore the daily rate predictions we hear. There is a lot of misinformation out there and most of what you see in the rooms is far from accurate. However, through his high level banking contacts he's been made aware of certain details that are clear indicators and which prove the process is underway and has progressed to that level.
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These are not details that can be shared in a public forum, hence the reason for his abcence. After this conversation I am very encouraged and I also do believe we are close. Without going into any details, I will say that I have been in
contact with an economic counselor who works for the research department of the
IMF and he has confirmed that Iraq is moving forward with their currency reform
project and among the issues being addressed is the raising of their exchange rate.
He will comment no further. In a very diplomatic way he has confirmed the
suspicions we've had all along and considering the source this is very exciting