6-1-2012 We see a lot of reports coming from the CBI referencing "delete the zeros," "raise the zeros" and "remove the zeros." This information campaign is the Central Banks' way educating the public of the upcoming changes and give them reason to believe that soon they will again be able to have confidence in their own currency, and that the goal of their leaders is to eventually de-dollarize the economy. This is a sensitive balancing act. Furtiveness is imperative to the process. They must delicately educate the public without announcing to the world their plans to raise the exchange rate equal to, or higher than the USD. Removing of the zeros refers to the collection of the larger notes from circulation. It doesn't directly refer to the specific rate change, more to the process of introducing the new currency.
This is hysterical. This douche is telling everybody that Iraq is announcing to the world that they're going to raise the value of the IQD 100,000% ... only they're not really announcing it because that might encourage more people to buy dinar. And of course they can't have that. So they're being very cryptic (furtive), you see. Balderdash! "Removing the zeros" has nothing to do with removing the larger notes from circulation. It's referring to removing all of the IQD from circulation as they introduce a more valuable replacement currency. I'll be posting more on this in a few days.
Now for this week's winner. Last week's Douchie went to Blaino, but this week's goes to his partner Hammerman with an assist from Blaino. On Monday the two of them did a conference call where they said:
- Don't talk to the banks. Hammerman's connections are better than a congressman's and he can get information that most bankers don't have access to. Then Blaino chimes in with "if they told their employees about the upcoming RV they wouldn't have any employees after the RV".
- Maliki left the country in exile for a few weeks until he agreed to "play nice". He's back now and most people will never even know he was in trouble.
- The IMF, the World Bank, and the BIS agreed to allow 25 countries to break out of the basket that they're in so that they can RV. If they RV without Iraq they will increase by 17%, but if they wait and RV with Iraq they will get closer to a 50% increase. Hammerman was told they would RV in 8-10 days but he thinks it will be closer to 30 days.
- The IQD RV rate will be over $1.