Notes From The Field By Simon Black
October 17, 2017 Santiago, Chile
Here’s how people get fooled into buying bankrupt companies
In 1906, American entrepreneur William T. Grant opened his very first “W.T. Grant Co 25 cent store” in a small town outside of Boston.
The store became popular and fairly profitable. So Grant opened another. And another.
Three decades later, Grant’s retail empire was generating $100 million in sales (an enormous sum back then). And by the time of Grant’s death in 1972, there were over 1,000 stores bearing his name.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Tuesday Evening 10-17-17
Duke77: According to the IMF documents, the mcp ending would mean they have their 2% between their currency value and the USD. that means they have it's worth within 2% of the USD. It has nothing to do with market rate and official rate within Iraq. That's just stupid.
When I read this on the IMF earlier and sent it to a friend, he immediately responded that all the gurus have missed it because according to the IMF, the dinar has to be within 2% of the currency they are pegged to.
Since the dinar is pegged to the USD as Alak said in the video when he was speaking about this, the dinar is valued within 2% of $1. When will it show? Probably November 1st. They just had their meeting with the IMF and the very next day, Alak makes this announcement.