old post but I like it he he...interesting post from another board...nice scenario
Here is what I think we may see in the next 10 days to two weeks:
#1] The rumors have it that several high(est) ranking
political leaders in Iraq will be "resigning" very soon.
It seems their pro-USA and pro-democracy/pro-Iraq replacements have already gotten the nod. Watch for it.
#2] With the old hindering politicians removed, watch for a
quick passage of the ALL-IMPORTANT HCL (Hydro Carbon Law). This law guarantees IN WRITING EVERY Iraqi citizen a share of Iraq's massive oil and gas royalties.
#3] Watch for the Dinar supply to "dry up"!~ Personally, I
think that BEFORE the peg occurs, you will not be able to buy Dinar ANYWHERE. Once the supply circulation is gone, I think the CBI will peg the Dinar. The "rate" will be irrelevant. Why? Because whether it pegs at 10 cents or $3.30, you still won't be able to buy it...at any price...or exchange it.
Perhaps the private owners will have a feeding frenzy on Ebay? I can't say. But the brokers and dealers won't be selling it even if they have it....with news of a peg? Forget about it!
Here's a possible scenario: Dinar's dried up. Pegs at a Dollar.
However, the banks are not yet authorized to exchange the Dinar. Maybe two or three days pass with the rate in a free fall.... 90 cents, next day 80 cents, then the CBI allows us to exchange. Can you imagine the STAMPEDE of horrified Dinar owners going to the banks to cash out!? I hope you are NOT one of these folks!
Still can't buy Dinar. But you can get yo sef $50,000 per
million Dinar (chump change)....and many will take the bait!
So Iraq redeems several TRILLION Dinar back from nervous
speculators. The wise ones just wait and sit it out (like us!)
Once Iraq is happy with trillions back in their hands, the
REAL fun begins!
I think they will jack the rate up to a $3+ overnight or allow
a gradual and aggressive float up to $3.30 or more! Then, they will again release the Dinar for sale at the new high peg rate. AND, buyers will be waiting in line to buy it....convinced that the Dinar will continue its run!
Don't underestimate these Arab guys. We are not dealing
with Bedouin camel dealers here! They have been coached and prepared by our USA political and economic leaders. All we are watching has been strategized down to the minutest detail!
My plan is to cash in 10 - 25% of my holdings once it pegs.... anything a penny or more will see me doing this. I will then wait for all the smoke to clear and sell at lest half of my remainder at the new higher Peg. I may keep 10% or so just to let it ride up to the expected $3+ rate. We shall see.
NOTE: Beware of real or fabricated "Crisis news" designed to
scare newbie Dinar owners out of their profits. Don't do it!
Again, this is all speculative. But, who knows? Watch and
see.
