Thoughts from Arthur

IT SERIOUSLY APPEARS AS THOUGH WE ARE WITNESSING THE STEPS WITHIN THE PROCESS OF IRAQ IMPLEMENTING THEIR PLAN FOR ECONOMIC/CURRENCY REFORM. ALL OF THEIR RECENT ACTIONS POINT TO THAT FACT. THERE HAS BEEN MUCH CONJECTURE AND DEBATE ABOUT JUST WHAT THE EVENT WE CALL THE RV WILL LOOK LIKE. ALTHOUGH THEIR STUDY IS WELL DOCUMENTED WHICH SAID THAT THE REALITY RATE WAS 3.22 AND THEN IT SHOWED ALL THE REASONS WHY THAT WOULD NOT BE A GOOD IDEA AND WHY IT SHOULD START AT 1.13 OR SLIGHTLY HIGHER, BUT AGAIN, THAT WAS JUST A STUDY AND NOT A MANDATE AS TO WHAT THE CBI ACTUALLY HAS IN MIND.

AND THEN WE HAVE THE RECENT ARTICLES SHOWING THE NEW DENOMINATIONS AND SOME SAYING THAT MEANS IT WILL FLOAT FROM 1166 AND ALL THE REFUTING OF THAT CONCEPT AND SO ON AND SO FORTH. THE BOTTOM LINE IS, WHAT WE DO KNOW IS THAT BASIL REQUIREMENTS DICTATE THAT, WHATEVER IT STARTS AT, IT WILL EVENTUALLY AT SOME POINT IN TIME BE COMMENSURATE WITH THEIR WEALTH WHICH INCLUDES, OIL, THEIR MARKET ECONOMY, FOREIGN RESERVES, AND THE GOLD THEY CURRENTLY POSSESS AS WELL AS THE GOLD THEY INTEND TO ACQUIRE IN THE FUTURE ALL OF WHICH IS ALREADY WELL ABOVE THAT OF THEIR NEIGHBOR KUWAIT WHICH WE KNOW CURRENTLY HAS A RATE OF 3.55.