8-15-2012

Did my ears deceive me, or did B just concede the possibility of a lop?  He said that Shabibi has three choices.

1. Raise the value (presumably via revaluation)
2. Redenomination (that would be a lop)
3. A "high breed" of the two (I think he means hybrid which I agree is a possibility.  A lop would put the value of the new currency at $.86 and they could then RV 16% to gain parity with the US dollar.  At that point most investors would almost break even! SWEET!!!)

B continues to insist that Iraq has reduced the money supply despite the fact that the CBI website clearly indicates that they have been increasing the money supply.  The currency outside of banks is listed at 30 trillion dinar and the M2 is listed at 70 trillion for June 2012.  So either we believe the CBI website or we believe B who has been proven to have no credibility whatsoever.  (See the links below.)  I'm not going to participate any longer in this childish "yes they did, no they didn't" game.  Anybody who reads my research on B and concludes that he's worth listening to deserves whatever comes their way.


http://www.youtube.com/watch?v=hsvqwbA-AaE&feature=plcp

http://dinardouchebags.blogspot.com/2011/10/breitling-busted.html

http://dinardouchebags.blogspot.com/2012/02/breitling-catalog.html