Constantly the information comes out and there’s so much confusion between the language, dates or what thought process someone jumps to. It’s a good reason I like to take time to look at everything you see before jumping to conclusions.
As always, let’s look at examples. Intel Guru F….xx Article: “CEO of JPMorgan Chase expresses support for Iraq“ Take a picture of this. Next time Chase tells you it’s a scam put this right up to their faces. First of all, I wouldn’t throw anything back in the bankers face, especially if you want to deal with them at some point. Secondly, look at the wording “expresses support for Iraq”, it doesn’t say he expresses support for the financial system, or the banking sector, or even the CBI. He just expresses support for Iraq. I mean, I express support for chicken wings, but it doesn’t mean I buy them every day. But with our dinar colored glasses we want to read everything that is said into whatever looks best for us. I have personally gone to a JP Morgan advisor and asked them about support for Iraq, opening branches and general support for Iraq by Chase/JPM here in D.C. and what I got back was nothing short of underwhelming, and they generally wanted my business so they were looking. That doesn’t mean it isn’t happening, you just can’t read every little line into what you want to bend the news to.
Newshound Guru D…….. Article: “The Iraqi Central Governor reveals the plan to reform the banking system and talks about sanctions” Quote: “the detailed study of this project will be presented in the eighth month, and then there will be clarity about the road map...” Im not sure how to take this. Standing on this side of the rate change makes me naturally want to say something negative, but I have to consider all the facts. Ok, I like this approach, you hinted negative but withheld judgement. But let’s look at the article and what it says, particularly this “the study of this project will be presented in the eighth month”. It doesn’t say implemented, in fact, it just says we’ll have some clarity about direction. And what is the eighth month, the calendar eight or the budget eight? All in all, it’s a pretty ambiguous article.
And then of course there’s this kinda trash… Intel Guru M….. Question: There is a rumor a contractor living in the US used his CBI card and the rate was about $3.91…Do you believe the $3.91 story is real? Yes I do believe it’s real…But, I do not believe that is the rate everybody gets because I have talked to some with these debit cards in the US and they have not seen that rate change. Whereas others have…so I think they are priming the pump and testing the system. So you’re telling me that ONE guy gets the rate and no one else is reporting anything like this? I mean, that makes perfect sense that they’re “priming the pump” with one contractor. If he can tell you, he can show you. Bottom line, if someone says someone is seeing something, or getting something, they should be able to show you something. And if they give you the NDA excuse, they already broke it when they talked about so just get over that one.
Please keep thinking straight and watching for any news that really makes sense to you. Play both sides of the fence with your logic and see, does this really make sense? I still believe we have a short window left to see something before we waiting through the summer, but hey, happy to be wrong and I continue to look for thing that make common sense.
BWM