Wednesday, June 25, 2014

6-25-2014 Newshound Guru Kaperoni

6-25-2014   Newshound Guru Kaperoni  Article:   "Massive withdrawals of depositors .. and fears collapse of the dinar amid the absence of a central!"  There is a lot of blame to go around as to why Iraq is not in a market economy after 10-12 years of preparations.  The bottom line is that until they do what is needed...stability, security, laws, etc..the CBI will continue to just do auctions and manage the dinar via a peg.  There is no way to predict if Iraq can figure this out this year or if it will take several more.  All we can do is wait and watch.