[via PDK] Question: Mark, can you explain why/how Kuwait revalued so quick compared with Vietnam or Iraq. MarkZ: There wasn’t as much to be gained when Kuwait changed value. It was a smaller country with bigger reserves. It was more stable and very easy to pull off. No internet or computers back then so it was easy for them. When they did go- they were able to keep the new rate quiet for about 10 days. I guarantee you that Iraq would have already changed value if we had not found out about it. The goal was never to reward us…it was for the Cheney/Bush crowd…the elites….
