Petra

  In Petra

If I was going to use two words today to describe all the articles coming out in the last 72 hours it would be “strategic confusion”…there’s some interesting development that I think we need to bring up…they are so desperate for cash they are offering people to deposit their money into the banks…I saw two articles.  One said they are offering double the return and other article said they’re offering a 10% interest rate.  The only way I could see them making double the return is if they were given double the purchasing power or triple or quadruple the purchasing power.  The key here is the liquidity factor is still an issue within the country of Iraq…they are essentially borrowing from the people themselves so they can turn around and pay them..