Thread: Do you still believe in this?

I think Iraq wants to keep it's currency stable at the moment so as to encourage Foreign Investment into the Country. That's what I get from the recent articles.

Originally Posted by Seaview

I think Iraq wants to keep it's currency stable at the moment so as to encourage Foreign Investment into the Country. That's what I get from the recent articles.

Exactly,

From very start it was announced over and over, a stable Iraqi Dinar was the first goal that needed to be achieved in order to restore value of dinar to former level. Well, I don't think anyone can say the dinar is not stable, in fact, it is probably the most stable currency anywhere over the same time period of past five years.

Even the U.S. dollar sunk like a rock over same period, and if not for artificial pump with pressure U.S. put on world banks late last year, the dollar would have continued its plunge to monopoly level, but the efforts to pressure world banks only slowed the dollars dive, but as we have all witnessed, the economy has gotten ten times worse, so the fragile dollar is about to continue its free fall, so beware.

Whenever you start to get impatient, which is daily for many of us, just look at what has been accomplished to date in Iraq. Who would have ever thought that the dinar would become the most stable currency in the world while terrorist attacks and gov. theft was a daily happening? lol Everytime I get impaitent, I just think of this one amazing fact and I feel we will see the rest of the puzzle come together.

We also heard many times that the dinar would be restored to former values, so when combined with the goal of stabilizing dinar, restoring value was second goal. Well, we know they accomplished the first goal, this has been clear, so when will the second goal be finalized? As we all know, much has been accomplished, the gov. is more stable than it even has been, killing is way down, plans for U.S. pullout are announced, oil companies are lined up to access this ever increasing demand for sweet crude as the Saudi's oil reserves implode, and worse, becomes more expensive to pump. Would anyone have believed Dubai construction would come to a screeching halt just six months ago?

Simply put, I try to read between the lines, and what I have been seeing is all good news for the dinar. With so much planned infrastructure rebuilding planned, and almost all of the resources coming from outside of Iraq, and with worldwide economic collapse all around us, it would make sense to see dinar go through restoration stage before this massive rebuilding starts. What I look at is all the small pieces of puzzle, for we all saw the large pieces not making any difference over the years, all the so called laws that were finally passed, none made any difference. The pieces that seem to mean the most are the coins being removed from street, the plastic money now in place, so what do you think is next?

Success to all, Mike