In Iraq – I spoke with a contractor friend I know…he repairs power plants and power systems. They are very keyed up. They thought the new rate was to show on Saturday…they are waiting…lots of news on changing values and reinstatements. They have started using gold coins to pull large notes off the street. They are actively trying to get larger notes off the streets.
There are expectations that we will see things happen later in the day here in the US. I really hope that is true. I am nervous to tell you this – but I believe we are past the point of no return. I still am looking for the smoking gun to go with it and see for myself that its actually there.