An Experts Opinion On The Bloomberg Report - Dinar Devaluing
Quote from The Observer:
"BGG - [Does anyone know what has been said...over the bloomberg report stating that Iraq will have to devalue their currency? How can a currency that is not traded world wide and is already at a false low be devalued?] Bloomberg did not say the Iraqi currency would be devalued…it was interesting Bloomberg was even talking about it - but their tone, tenor and confused looks ought to be enough to convince you that most of what “the experts” say is speculative double talk…and if Iraq gets Maliki tossed out it will likely “depeg” (float) and go UP IMMEDIATELY (if what they were saying is right)."
Straight from the horses mouth....QUOTE: "You should be convinced that most of what "the experts" say is speculative double talk...."
I couldn't agree more with the above statement. I'd also point out that this part...QUOTE: "and if Iraq gets Maliki tossed out it will likely “depeg” (float) and go UP IMMEDIATELY (if what they were saying is right)." .....is just as much speculative double talk by "an expert" as all the rest.
What should really be obvious is NONE of these "experts" have anything to say EXCEPT speculative double talk and rather than listening to their deceitful dialogue we should listen only to what the GOI and CBI have said all along which is...deletion of the zeros means exactly that. A 25,000 Dinar note will immediately be transformed into a 25 Dinar note when the zeros are deleted. It's simple and it's factual yet most would rather turn a blind eye and believe in all the pot of golden dinar at the end of the rainbow fairy tales. The obvious is right in front of everyone's face yet the intentional blindness persists.