MarkZ

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The chatter I am still getting out of Iraq is we may see a “teaser rate” of about 1 to 1 mid month…possibly the 11th through the 14th…then a move over the next few months of a full-blown rate. They plan to come out with a lower rate to try to suck up a bunch of bills on the street and the overprinting of the dinar…then move forward to a higher rate. It’s just rumors until it happens…do not over-react. This goes against what I hear from my paymasters…but I am sharing what I am hearing. You guys can make your own decisions. Banking contacts think we are still looking at a mid-month event.