48 Hours?

[REITman]

Yesterday genx predicted we'll know something in 48 hours. Nothing has happened so far . With Franky having until next week for an RV or he said he'd give a public apology and genx's predictions these two should form a comedy team. With lines like "the reason the CBI auctions are still high is because the banks are buying the new low denoms" these two will have them rolling in the aisles!

Family: In Frank26 date 16th thread. Some one asked how they are going to pay for a RV. One Iraq is not a poor country as so many have been led to believe. It is actually one of the wealthest countrys in the world in currency reserves and vitually no debt that is going to be repaid with $6+ dinar. Assume Iraq is going to release the 6 Trillion Dinar of Small denominations on the Day of revaluation which they will do or at least a large portion of them. Lets do a example 4 trillion small denominations sold to the Banks at $6.00 US each. That will bring in 24 trillion Dollars. Since there is only estimated 120 Billion [not trillion] in speculators hands times 6. there are ample reserves created or 720 billion dollars in cash needed for the exchange leaving 23 trillion+ in reserves. They have to RV for economic stability soon and these numbers will not trigger Hyper- inflation. because of the reserve funds. No other nation can match the strength of the Iraqi financial might thanks to Al Shabibi shear Genius. What comes next should be answered in the next 48 hours. GenerationX

Many of us have wondered why the auction figures are not only high but so is the count of banks involved daily. Remember when I told you that Shabibi was brilliant by sucking back the dinars at 1170? He created a void that now needs to be filled. IMO…….banks are buying low denoms of IQD’s in order to stock pile their inventory for the announcement that is coming.

Frank

[bigopie]

lol...Nemo and SGS reincarnated....in theory it sounds really good....like they know what they are saying....but once AGAIN...there will be no announcement or warning of when the revel will occur...IMHO...Pat

[REITman]

It's been 24 hours since GenX predicted we should know what comes next. As expected, his 100% failure record continues!

Good Job GenX!