April 20th 11am Newsletter
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Quick Link to Posts

Feb 28, 2019 by Morgan Housel
Jiddu Krishnamurti was an Indian philosopher. His message became more candid as he aged.

In one famous moment during a talk, he asked the audience if they wanted to know his secret.

He leaned forward, and whispered: “You see, I don’t mind what happens.”

This is a unique and powerful skill if you can actually do it.
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By Morgan Housel  Nov 1, 2016
“One of the most persistent fallacies is the reflexive association of wealth with wisdom,” investor Ed Borgato tweeted this week.

Another is the association between intelligence and good decisions.

Not only are they two separate things, but there are instances where high intelligence prevents people from making better decisions.
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Notes From The Field By Simon Black
April 19, 2019 Dorado, Puerto Rico

Are You Descended From The Visigoths? Get Ready To Pay Up!
Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following:

Cory Booker introduces reparations bill  LINK - https://www.foxnews.com/politics/booker-introduces-senate-bill-for-slavery-reparations

Get ready for a slippery slope, because because Cory Booker just introduced a reparations bill in Congress.
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"Inglorious Bank Story" by Restive Sage - 4.19.19

Entry Submitted by Restive Sage at 3:51 AM EDT on April 19, 2019

None of the bank stories on this site, for 3 plus years, have ever seemed to truly become eventful, at least to our knowledge. I never dreamed I would have one of my own, even if it is second hand. I have tried to reproduce as best I can the details of my friend's story, which is highly interesting. I had gotten up early and driven the 100 odd miles to his city yesterday morning for a business lunch.

We met at 8:30 for breakfast. He had already told me on the phone that he could not wait to tell me his news. We don't see each other all that often but do like to catch up and talk about local business goings-on, changes in our local economy, yada yada yada.

For the last three years we always seem to get around to talking about currency intel. Today, he was outside his usual stoic demeanor. His face was literally flushed and his eyes were sparkling.
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Jester’s Place: 

[JESTER] HELLO AND HAPPY THURSDAY EVERYONE...

[JESTER] GOOD DEAL... LOT'S OF MISINFORMATION RUNNING AROUND EVERYWHERE THIS WEEK...

[caro] JESTER is the misinformation on purpose? Doesn't seem like you can believe anything

[JESTER] caro IT IS CIRCULAR INFO... IT GETS SPREAD FAR AND WIDE BECAUSE NO ONE KNOWS WHAT IS REALLY GOING ON... SO THEY PICK UP ON WHAT ONE PERSON SAYS... AND IT GETS BIGGER...

[Dinar Chaser] JESTER I’m not sure how to ask this, so here goes. I know about the authorized group contracts with the treasury department. Then I hear about a currency revaluation scenario. Are the two related or the same thing? Can you help bring clarity to both scenarios?




Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Early Friday 4-19-19 

larrykn  GM everyone
larrykn  Trade Bank Iraq opens first international branch in Saudi Arabia 
https://www.thebaghdadpost .com/en/Story/38541/Trade-Bank-Iraq-opens-first-international-branch-in-Saudi-Arabia

larrykn Abd al-Mahdi meets with crown prince Mohammed bin Salman 
https://www.thebaghdadpost .com/en/Story/38540/Abd-al-Mahdi-meets-with-crown-prince-Mohammed-bin-Salman

AM chattels  There is no transparency in Iraq or about any revaluation of it's currency., If the dinar is to have any sudden increase in value then we will not be told in advance and no one reading the news will be able to reliably anticipate such, IMO.
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