HCL is a done deal
Brave11: Hello Vets
From what I am led to believe HCL is a done deal, and has been for quite some time. I am not hearing anything different at the present time, nor would I expect to. Most of the people I talk to are pretty solid that way. Those who know me will testify to that.
Now, let?s get to money. Although I have nothing with certainty, I am hearing talks about a managed float . The issue is how to get to a true value of the IQD while keeping as much of the profit for Iraq.
Don?t beat me up, this is just one scenario I have been hearing. I will use US currency for an example.
Let?s say in our currency $100 was our smallest bill and equal to $1.00
$1000 = $10.00
$10,000 = $100
If our government new the true value of our currency was what it is now, how could we RV to that rate knowing that much of our currency is in different countries, without giving other countries the same benefit we should get. Plus we didn?t want the expense of producing a complete new currency. I have it!
Most countries and investors have our largest bill. Lets make a $10.00 = to $1.00 as rate floats up and recall the $10,000. The key would be to keep the $10 in country as much as possible.
Out of country investors would have no option the exchange currency, instead they would have to cash out. Yes they could re-buy but now we are selling our currency because it has value, making money, not because as before it was not worth. No straight exchange for new bills. Banks clean up on fees.
Maybe we can totally stop out of country new purchases, which would be extremely difficult, but if possible, it would limit investor profits to 10X them we could release new $1.00 bills and get rid of $1000. In this scenario who ever has smallest bills now wins most. That is the people in country, not investors.
Just a theory that was kicked around in conversation with some pretty smart people I know. I hope this is not the case, if so it would also be hard to get currency back into country for lower denoms, but well worth it if you could.
Be advised that I do not have any information that this is happening, just a theory that has been talked about by people close to the money. Okay, let the beatings begin. 11Bravo
