Breitling

[Syrian government overthrowing and reduced Iranian control] opens up the door for Iraq to be a little bit more independent.  They need to add value to their currency.  They need […]

[Syrian government overthrowing and reduced Iranian control]  We have to see what Iraq does because that offer is still on the table for Iraq to be part of western markets…It’s a […]

Question:   “A while back you mentioned the US Treasury Department was displeased with the controls the CBI put in place to crack down on the money flow from Iran and […]

Just to be clear this is not an investment.  It’s speculation…I’ve used that in the past, it’s an investment.  That’s incorrect.  We are speculating.  That’s a completely different ballgame.  Investing is something […]

When people were buying dinar from banks here in the United States there was a difference in the exchange rate.  One bank was 1% another bank was 2%…I bought mine […]

Right now I don’t have confidence in Iraq’s economy because what’s at stake, what’s going on.  Even if they build a minor version of what they want to do [Development […]

What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying […]

   I went from I believe in this 100% to I’m on the fence.  I still think it’s going to happen but these guys need to watch their shit because we’re […]

  Inflation is the money supply versus how the market is reacting.  That’s all it is…It’s the money supply and how is it working with the people that are spending it.  Do […]

 Question: “It sounded like to me one of their goals is to try to get the US dollar as the predominant currency in Iraq.  Could this be their way to […]

Remember it’s an artificial rate.  It’s manipulated by the note count.

We [The United States] are circling the wagons. If we circle the wagons we’re going to cut the economy off of Iraq and we’re going to make them hurt.  That’s […]

 The idea of talking about the governor of [the CBI] resigning is a big deal.  Who knows they might turn this thing around.  We don’t expect perfection but we’re done with […]

Question: “I feel the RV will happen perhaps in a few months rather than years.  Do you  anticipate the exchange rate will be close to the same no matter which […]

The reason they’re not pushing it [the RV] too fast and they never have, is because they are making so much money in U.S. dollars.  It’s not like they’re going […]

What would happen if they did what Turkey did, they shifted their currency, they re-denominated, added value to it and tried to recreate the markets to get more customers and […]

Would they revalue their currency right now, wouldn’t the US force them to do it?  No.  They can revalue the currency, they’ve been able to revalue to the currency any time.  […]

The key for Iraq – For them not to be dependent on the dollar.  If they economy is 100% energy then they’re going to be 100% dependent on the US […]

If Iraq doesn’t start making the right decisions they’re not going to make it.  They’re going  to be forced to use more US dollars because the US will put more and more […]

Iran…It’s all tied to that.  We’re going to start punishing Iraq for being influenced too much…When they support groups and those groups are using financial institutions inside of Iraq to […]

I’ve gotten the weirdest hate mail with a capital H.  You people need to just suck it up.  I don’t care if it’s not what you want to hear…I’m just […]

I beg you.  Do not turn this investment into a religion and do not hide from facts…People that do that always have financial problems…You have to watch policy.

[Iraq’s] policy has changed for the very first time since we’ve been in this…speculation together.  The policy is going to change on either side of the aisle…Iraq is going to […]

The Untied States is trying to influence [Iraq] to do the right thing.  Hopefully they will do it and everything will be hunky-dory.  Well the reality is IMO if the […]

Put on your big-boy pants.  The whole point of this is watching so we know where we are at, whether we stay in or move to a different investment…I clearly […]

United States sanctioned the living hell out of Iran.  Iran is using the banks and financial system Iraq has to move around that to get U.S. dollars and we [The […]

The Central Bank of Iraq, they want to do what Washington wants them to do.  They want to be part of the International community.  But the problem is there are […]

You have Iran and the Revolutionary Guard…Yemen saying they’re going to get revenge…More is going to happen.  That’s why there’s war ships headed toward the Lebanese coast right now in […]