FOUND AT DINAR RECAPS – By Ken Howard.
(NOTE: THIS IS NOT REALLY A DISAGREEMENT ON WHAT HE WROTE; IT’S ACTUALLY VERY WELL WRITTEN WHEN YOU COMPARE IT WITH MOST OF THE DINAR BLATHER OUT THERE. WE JUST DO NOT AGREE ON THE FORM, TIMEFRAME AND STRUCTURE OF HIS PROPOSED IDEA ON HOW THE RV WILL………. WELL, RV).
……..I see the CBI using a continued MANAGED FLOAT approach to slowly continue the Rate down to 1,000 Dinar per dollar for several months and then, over a Year, continuing to gradually and incrementally add value to the IQD, 100 Dinars every several months, until it is worth a penny in about 18 months or by January 2015, MANAGING or LOCKING it there for a Year or Two and then raising it to 5 cent to 10 cent in a couple years by 2017, and then, slowly and gradually taking it to par with the US Dollar by 2030.
Of course, the CBI of Iraq could themselves defy these very same metrics and RV the IQD at $1 to $3 +, however, by doing so, they will Bankrupt Iraq and totally Destroy the Iraqi Economy, set the Nation a blaze with civil war and unsettle the Region even further than it currently is…..
REALITY: THE R/V OF THE DINAR AND SOME 20 PLUS OTHER CURRENCIES WILL HINGE ON THE RELEASE OF OFF BALANCE SHEET FUNDS KNOWN AS THE “GLOBAL SETTLEMENTS”. THIS WILL PERMIT SUCH A REVALUE OTHERWISE NOT ECONOMICALLY REALISTIC IN THE PRESENT DAY COLLAPSING WORLD ECONOMY.
INDEED, WITHOUT THE RELEASE OF THE WGS, THE SCENARIO PRESENTED BY MR HOWARD WOULD BE PRETTY ACCURATE FROM AN INITIAL INSPECTION. SO, WE CANNOT GIVE HIM A “FALSE” GRADE ON HIS PROPOSED SCENARIO, BUT WE WILL GIVE HIM A “TRY AGAIN WITH THE WGS IN THE MIX” RETAKE TEST. 🙂