For more than 20 years, IQD holders…have said Iraq is the linchpin for the global currency reset. [Last] week they showed you why. Washington is in more than $40 trillion of debt. Its 10-year bond yield hit 5.34%, the highest since 2002. Britain hit 5.5%, the highest since 2007. France hit 5%, the highest since 2002. Japan hit 3.1%, the highest since 1996. They are all standing at the same debt wall…Iraq…pulled the trigger first…because they are ready…Customs, the bank audits, the new note designs and the coalition’s exit each took months…I would not expect a long wait.
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