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ronscarpa last won the day on November 16 2014

ronscarpa had the most liked content!

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About ronscarpa

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  • Gender
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    Las Vegas, NV - (Raised in NY City)
  • Interests
    GOD, Wife, Family, Friends, Church, Traveling, Flying, Boating, Evangelist - Healing Team, DMin - Nouthetic Counseling, MS - Aerospace Operations & Systems Management (USC - '73), BS - Mathematics, Retired Delta Airlines Captain, Retired USAF Pilot (100 Recon Missions - Viet Nam), Entrepreneurial Investor, Good Food & Fine Wine, Peaceful Beaches & Sun, More..!


  • Biography
    Evangelist, Healing Team, Airline Captain, DMin - Biblical Counseling, MS - Areospace Ops Mgmt (USC)
  • Location
    Las Vegas, NV - USA
  • Interests
    Evangelism, Healing, Dinars, Flying, Boating, Investing
  • Occupation
    Evangelist, Chaplain, Retired Delta Captain

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  1. 3-21-2019 Newshound Guru Breitling Iraq needs the price per barrel to be at $57 to pay for their economy. But to pull it out of the ground is much cheaper…they’re probably pulling it out of the group for $9 or $10 per barrel and then putting it on the market and the market price is $57. 3-21-2019 Newshound/Intel Guru David M. Witty Iraqi MP from Fatah Coalition says Parliament's schedule for next week does not contain a vote on vacant cabinet positions. However, he thinks there will be a vote in the following week. Still disagreements among political blocs about cabinet positions. 3-21-2019 Intel Guru ADMINBILL We will get there folks. ...The roll out started last week and continues today. It's kind of like rolling out a new carpet. Stays curled up at the end making it easy to trip over. It will be flat & usable soon enough.
  2. 3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know. 3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS... 3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate...(post 1 of 3)... 3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday...(post 2 of 3)... 3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret...(post 3 of 3)... **********
  3. 3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready...(post 1 of 2)... 3-20-2019 Newshound/Intel Guru Mnt Goat Also I want to remind you that...parliament passed the law to allow more independency in the CBI, not that legally they don’t already have it. But when the GOI keeps holding them back, they needed this law to get over all this corruption. After reading this article I really think that parliament is going to go over the PM and get it done with the CBI. So I would consider this one of those WOW! articles...(post 2 of 2)... ......
  4. Thanks DT for the post (and Botzwana)...! Much appreciated...(+1 each) RON
  5. 3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". (I was unable to actually find this article, but it was mentioned in several places - I'll continue to look and will post it when I find it. The above was mentioned in a live chat from last night.) The following "BS" is from Bruce - I wasn't going to post it, but I thought I'd include it here for a LAUGH, since it has been posted out there in FantasyLand...! 3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.HE'S BEEN SAYING THE SAME THING FOR QUITE A WHILE...NOTHING HAS HAPPENED...! Which only indicates more BS.....
  6. 3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates... 3-19-2019 Intel Guru MarkZ [Q? : Have you heard that IRANIAN Influence is still a factor of holding up the reinstatement and monetary reform?] Yes I have heard that in the past….the concern in Iran was if they were going to continue to sponser terror…I think that has been handled now. 3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing...(post 1 of 2)... 3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window...(post 2 of 2)...
  7. ( Updated: 3/20/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 3-20-2019) 1195.464 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)
  8. Wednesday - March 20, 2019 CBI - Foreign Currency Selling Window for Sunday, 24/3/2019 that was performed on Thursday, 20/3/2019 Announcement No.(3919) Sale Date - 24/3/2019 performed on Wednesday, 20/3/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 168,740,600 Total sale cash 21,650,000 Total sale amount 190,390,600 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. No apparent auction on Thursday due to a Holiday Like: » Sales schedule of the Central Bank of Iraq for the foreign currency (amounts in thousands of dollars) on Sunday 2019/3/24 and executed on Wednesday 20/20/2019
  9. Please don't shoot the messenger (me) for posting what is being said elsewhere...I'm just bringing it to you for a laugh...! Ron 3-19-2019 Intel Guru MarkZ [Q? : I've heard rumors that when this happens and hits 4X that could drive the value up to as much as $8 and then it would settle back to where it should be. what's your opinion on that?] I absolutely agree with that…When Kuwait released…I think around $2.50 and the rate drove up to over $9…With this RI in Iraq - I think there would be a more structured increase. With this exchange with will be for oil credits....(post 1 of 2...) 3-19-2019 Intel Guru MarkZ [Q? : Are your contacts in the CBI?] My contacts work closely with the CBI. What makes most sense to me is an RI (re-instatement) of the old rate and then let it float up to correct for inflation. My person on the ground in Iraq - as of yesterday says the new rate is not posted in the Gazette yet. We are definitely watching around the clock all week long…so many people say we are there. The news is pretty solid. If anything big happens today I back tonight…if not I will update you all tomorrow morning….(post 2 of 2)... 3-19-2019 Intel Guru RayRen98 "Supposedly" new release codes were to be released to the banks on last Friday after the market closed for Monday morning effectiveness. We are still awaiting more information on the status of said specific codes. Iraqi TV is broadcast Cleric Sadr talking about starting up an effort to replace PM Madhi due to failing to complete the government by now. He also proposed bringing Abadi back as the Prime Minister. Parliament moved it's March 23 session to Sunday, March 24 citing a holiday schedule conflict....(post 1 of 2)... 3-19-2019 Intel Guru RayRen98 US Banks - One source (..???..) says the final rates are not visible, but temporary rates are still intermittently flashing. Other sources are again excited and telling us that we will be "jumping for joy" later this week. ...Well, I am pleased to hear their excitement, but I remain cool, calm and collective until something substantial should you...Time Will Tell It All! ...(post 2 of 2)...
  10. 3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said. 3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing. 3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation. .....
  11. ( Updated: 3/19/2019 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 3-18-2019) 1195.679 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES - Are Rates IMF 2% Rule Compliant for 90 Days: YES (maintained since ~Mar. 15, 2018 & Iraq Market since ~Nov. 14, 2018)
  12. Tuesday - March 19, 2019 CBI - Foreign Currency Selling Window for Wednesday, 20/3/2019 that was performed on Tuesday, 19/3/2019 Announcement No.(3917) Sale Date - 20/3/2019 - performed on Tuesday, 19/3/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 167,671,250 Total sale cash 25,300,000 Total sale amount 192,971,250 Note: Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar. Cash selling price is (1190) ID for each Dollar. Link: » Sales schedule of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Wednesday 2019/3/20 and implemented on Tuesday 2019/3/19
  13. ADDED AT MIDNIGHT: 3-18-2019 Newshound Guru Kaperoni Article: "Keywords calls to stimulate the real sectors in the country to raise the pressure on the central bank" I am still riding high...on that CBI article I posted over the weekend. The CBI was very clear they want pressure in the article from last weekend. In fact Alaq said "pressure." If you put that in context for what the CBI does (monetary policy) is very clear what they saying. I am still hopeful by mid summer Iraq will be ready to begin reforms.
  14. 3-18-2019 Intel Guru MarkZ I can find no movement over the weekend. The rumor is banks have received the packages…we have been told by banking contacts (..???..) that everything goes down between today and Wed. (...???...)...I am taking news from banks with a grain of salt…. [Q? : ... Is there a back wall date?] I think the back wall is the end of March. [Q? : Is the QFS (Quantum Financial System)in place to protect our exchange.] I hear it is. ...I hear everything is ready. 3-18-2019 Newshound Guru MilitiaMan Article: "Rafidain: We support partnership with the private sector" Article quote: "Gaining ISO certification for your organization means more accessible entry into new markets, globally-accepted products and services, and compatibility across the world. It also improves your credibility, your process, and ensures focus on customer satisfaction." Having the ISO 9001 aligning or mirroring with Loyds is another big indicator they are gearing for a move towards doing international banking in a big way...All these things ISO 9001 represents shows growth and progress to that Iraq banking is looking to be so very close to un rolling the private sector in a far more advanced way than ever before...a prelude for what is at the door...imo...
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