Entry Submitted by Vee at 11:07 AM EDT on August 20, 2021
Now if I was Earl Pitts..I’d say. “You know what makes me…” I say laugh so hard..that I want to …quit listening and reading anything to do with currencies ?
We have at least 3 giving rate quotes for the Iraqi dinar being like a 1 purchase for 2 dollar mega million worth 700k. and doing everything possible religious or spiritually to believe and make it the winner.
The elephant in the room is..based on what. What is this rate pegged to ? The FRN-USD commercial paper or what we are being told is as the replacement to the FRN ?
Look we have zero idea what we’ll get for it, when we exchange it. Even if it’s a contract rate.
18/20 to 1. Lol. Is it because the dinar will be a asset backed currency and the US not ? How about we look to see what the US Debtclock shows the value for 1 oz of gold to the FRN. If on that rate the exchange will be way higher.
To me these rates are speculative hyperbole. So get a good laugh at it America. They don’t know.
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