If you have been following the news from Iraq this week, you know that the Islamic terrorist group, ISIS has seized billions of Iraqi Dinars, in Mosul, at a facility of the Central Bank, and then raided all the private banks in the city, stealing a large amount of cash and gold bullion.
Twenty months ago, I warned my readers that Country Risk levels for Iraq had reached the level where all financial exposure and investment there should be terminated. Now, with the terrorists closing in on the capital, I am hoping that everyone took that advice to heart, and is no longer exposed there.
The United States has announced plans to evacuate the American Embassy, if necessary. Is this Saigon 1975 revisited ?
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