I was reading some information from last night and realized that the month of November could be setting up for a December 2 total release to the world.
Look at it this way……Every month since April 22 I have been told that we have been given a 10 day window to exchange before the public.
If you remember the government in Baghdad was being paid on the 28th, and now they were paid this month on the 22nd.
The 29th of any month in the Arab world is a day to move money and release new money.
Of course are we waiting on this? IMO NO because we are very educated and following this closely ….so we are not the public.
Now 11/30 is the vote on the Remnibi.Are we waiting for this? NO, this is a done deal and the Remnibi is already in the basket as a floating reserve currency….The vote is more for show and tell to the world.
Currency baskets move all the time but I am hearing this first basket is already in motion with 9 currencies that we know of.
On Dec 2, I am also hearing that the Iranian rial will be able to be exchanged.The rial is a re-instatement of the currency.It is not in the basket.
Okay,next…. the UN operational report is now due for 11/27 for the 29th. We should see the rate changes. Now, will we see the 11/20 change or will it be just across the board?
Like I have talked about before, the USD is due for review on 12/20.
If they use the 11/27 date for the first basket, it will be a 30 day difference and remember,the second basket should be out and that basket will not have the USD in it.
Will this review now show a float rate? or will it still be a dollar?
IF you notice,the Euro,which is also a reserve currency and should be in the first basket as well and it does float it’s rate. Actually most countries float on a daily basis, even the USD.
The question is whether it will be a fixed rate or as a reserve currency will it have to float ?
This is yet to be seen.
Well, IMO we are not waiting for anything (except maybe timing) !! In fact everything now points to TODAY.
Thursday 11/26 is our Thanksgiving Day and the start of our holiday season….Friday,11/27 is our “black” Friday which is the start of the holiday shopping time,
This time period also is a time to start giving and helping those in need and hopefully helping our economy that has a poor projection for this year’s holiday season.
And to Tony, stick to your guns and don’t put back walls of the 30th…We are all hoping that Pam is right in that she feels you WON’T BE DOING A CALL ON FRIDAY!
OUR TIME AS WELL AS IRAQ AND THE WORLD IS NOW. Martha