The Iraqi Dinar situation has been pretty interesting lately…in fact, the longer things stay “quiet”, the more attention I’m paying to it.
Think back a couple years. Do you remember when news was fast and furious, with developments happening on almost a daily basis? There was tons of talk about how “close” and “soon” we were to an RV. And to be extremely blunt about it – I don’t disagree that we *could* have been on the brink of an RV at any of those moments.
The release of every new URGENT article was indeed a signal that things were about to POP. Now, we’re looking at weeks or months between “major” events, and some might see that as discouraging. I disagree. The big picture is very encouraging. The situation in Iraq is very much like many other things in history, where it took time to lay a solid foundation before a major change.
I challenge ANYONE to argue that Iraq has not made an incredible amount of headway in the last 7-10 years. ISIS – ISIS who? Almost non-existent in the news these days. Iraq the “war zone“? Not anymore. Iraq used to be a primitive medieval dinosaur in the technology department, which is an extremely important part of their advancement into the world banking system. That’s no longer an issue.
Could their infrastructure be a little better? Of course, but it’s infinitely improved compared to 10 years ago, and fully capable of interacting with all the major world exchanges. My list goes on…
1. I like the current situation.
2. Iraq is in a position to move, and soon.
3. That’s the end of the list. HCL incoming!
It’s not going to happen tomorrow, but it’s coming. I’m HOLDing my IQD and also my faith.