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ronscarpa

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ronscarpa last won the day on November 16 2014

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About ronscarpa

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  • Birthday 12/19/1942

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    Las Vegas, NV - (Raised in NY City)
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    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..!

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

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  1. 1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They (WHO ARE "THEY"..?) are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year; and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target...(post 1 of 2)...More to come..! 1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment. 1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought. 1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria...(post 1 of 2)... 1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with, nor will it have any impact on, what we seek...(post 2 of 2)... 1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
  2. January 16, 2019 CBI - Foreign Currency Selling Window for tHURSDAY, 17/1/2019 that was performed on Wednesday, 16/1/2019 Announcement No.(3873) Sale Date - 17/1/2019 performed on Wednesday - 16/1/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 258,032,865 Total sale cash 20,250,000 Total sale amount 278,282,865 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. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Thursday 2019/1/17 and implemented on Wednesday, 2019/1/16
  3. Added opinion as of Midnight: 1-15-2019 Newshound/Intel Guru Mnt Goat Question: When will the 3 Zeros be DELETED? The CBI will only complete the project to delete the zeros until the CBI and the finance committee can come together on an agreement as to when to do it. Then we hope nothing changes their mind in the meantime since scheduled. We are not waiting for the economy to take off or for reconstruction to first happen. I know for a FACT that the reinstatement is part of the condition by the IMF to release reconstruction funds. This was a plan from 2018-2022 so it already late. They need to know that the funds are secure and will be used for this purpose. ...This is what makes this past May 2018 election so important. Investors and the IMF want technocratic cabinet members who are honestly going to move Iraq forward. No more playing games. They don’t care how long it takes. They will not budge until the government is fully formed and Iran is out of the politics to a point they can no longer harm the process.
  4. 1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in, they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo. 1-15-2019 Newshound Guru tlm724 [Q? : I read...that we need article 8 from the IMF before Iraq can reval, is there any truth to this?] Yes there is truth in that. 1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF, it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq. 1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
  5. January 15, 2019 CBI - Foreign Currency Selling Window for Wednesday, 16/1/2019 that was performed on Tuesday, 15/1/2019 Announcement No.(3872) Sale Date - 16/1/2019 performed on Tuesday - 15/1/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 209,859,727 Total sale cash 27,890,000 Total sale amount 237,749,727 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. * Schedule of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Wednesday 2019/1/16 and implemented on Tuesday, 2019/1/15
  6. My pleasure ATHIM...Thank you...! I used to be a NewsHound, but realized there are many others out there to do that, and I just check around to see what others who have been around a while (I'm 10 years in this) think. There's a big difference between the older Gurus & the newer ones who lack the background history. To me, it will happen, but not necessarily in our timing...LOL..! Be blessed.... RON PS: Here a comment I made on Saturday's Thread: Botzwana wrote: my info comes from this article that states it will be above 3 bucks. Show me kaps article where it says there is too much in circulation. ...... Hi Botzwana, Kap's statement above is based upon his continuing analysis & evaluation of things as they are "today", and are ever changing. The Future of Iraq Project (declassified in 2012) indicated the desire was to return the IQD back to the pre-Saddam rate of $3.33, but it didn't define the time-frame to get it there. In the early days, even Kap held that it could come out in the $3 range but certain conditions had to be met. Adam Montana held to a 10 cent valuation for many years. Many others held firmly to an 86 cent rate. All showed good reasons for these value estimates. But a lot has changed ECONOMICALLY - in Iraq, the USA, and worldwide. Even the CBI Governer Shabibi indicated (in 2010) that the IQD could sustain a $10 or higher rate. However a lot has changed since then (2010), and even since the Jan 2017 article was published. Personally, I'll be happy with anything over 5 cents for a number of reasons, but would be delighted with it over $3. If you recall, Iraq was squabbling with Kuwait around 2012-2014 to not revalue the IQD higher than the Kuwaiti Dinar rate. All these things have been forgotten by the IQD community. We shall see - only when the CBI moves to Article VIII and goes international. Until then, we WAIT...! I hope this clarifies a few things for everyone. I think DinarThug should repost the article as a reminder of what was said 2 years ago. Blessings to all. Be patient and hopefull...! RON
  7. 1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE..? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE..! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019..! ..(post 1 of 2).... 1-14-2019 Newshound Guru Sunkissed ...After all the haggling and demands that Iraq has served up to Jordan... the bottom line actually rests with Iraq: THEY MUST HAVE PURCHASING POWER to be able to absorb the MASSIVE QUANTITIES of goods, minerals, etc., coming INTO Iraq! Ball is DEFINITELY in Iraq's court! Promises were made in the BEGINNING of 2018!! (Respect the first quarter! Sound familiar? -- [Guru] Walkingstick was accurate!) And now, the longer they wait, the more difficult, if not impossible it will be for Jordan to perform in time! BUT...in order to perform on their contract... Iraq MUST FIRST HAVE PURCHASING POWER! Iraq HAS TO BE READY AND ABLE TO PAY THEM! Therefore, February 02, 2019, appears to be the back-wall, Drop Dead Date, "to be an exquisite mutual-beneficial relationship." If February 02, 2019 is the Drop Dead Date, then we are looking at Feb 02 - 04 (Monday) for the IQD to go live. However... IMO.... it certainly could go before that date..! ...(post 2 of 2)... 1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week,,,(post 1 of 2)... 1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions....(post 2 of 2)... 1-14-2019 Newshound Guru Kaperoni [Q? : I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implemented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements. 1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on...] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell... 1-14-2019 Newshound Guru MilitiaMan [Q? : ...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess...(post 1 of 2)... 1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag, and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies..!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo...(post 2 of 2)...
  8. Thanks trvlr787 ... even that four cents+ would work for me as an ROI - since I've been in this investment since 2009...!
  9. January 14, 2019 CBI - Foreign Currency Selling Window for Tuesday, 15/1/2019 that was performed on Monday, 14/1/2019 Announcement No.(3871) Sale Date - 15/1/2019 performed on Monday - 14/1/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 200,046,800 Total sale cash 26,480,000 Total sale amount 226,526,800 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. * Table of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Tuesday, 2019/1/15, and implemented on Monday 2019/1/14
  10. Posted at 11:20 PM CST: 1-13-2019 Newshound Guru Kaperoni I'll say it again...there can never be an overnight RV or RI, there is just to much dinar in circulation. Our best hope is for the CBI to move off the peg to a float and allow the dinar to rise gradually. Such an event could allow for a gradual reduction of currency. The simple fact that over 40 trillion dinar is in circulation is all one needs to know to realize there NEVER can be a RV or RI...Simply put, there is just to much dinar in circulation for such an event. The good news is the IMF documented very clearly the intent to float the dinar and if investment comes into Iraq as expected it should create the Balassa-Samuelson effect allowing the dinar to rise gradually. I believe once the CBI begins the float, the dinar could rise significantly within 6-12 months.
  11. "The Central Bank announced on Sunday that it has granted more than 33 billion dinars within the initiative of one trillion dinars to finance small and medium enterprises to banks participating in this initiative during the year 2018. " Thanks for the article 6ly410 ... much appreciated...(+1) RON
  12. 1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the IMF. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! IMO...! 1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...(an exciting prospect - if they hold to their statement..!) 1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell..!] 1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
  13. January 13, 2019 CBI - Foreign Currency Selling Window for Monday, 14/1/2019 that was performed on Sunday, 13/1/2019 Announcement No.(3870) Sale Date - 14/1/2019 performed on Sunday, 13/1/2019 Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 206,480,516 Total sale cash 26,990,000 Total sale amount 233,470,516 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. * Table of sales of the Central Bank of Iraq for foreign currency (amounts in thousands of dollars) on Monday 2019/1/14 and implemented on Sunday, 2019/1/13 ************************************************* Exchange Rates US dollar USD 1190.000 Euro EUR 1372.665 Pound sterling GBP 1515.822 Canadian dollar CAD 899.199 Swiss franc S.FR 1218.014 Swedish krona SEK 133.949 Norwegian krone NOK 140.797 Danish krone DKK 183.869 Japanese yen JPY 11.026 Chinese Yuan CNY 175.260 Australian dollar AUD 855.015 Special drawing rights SDR 1663.346 Gold for 24-ounce Gold 1527025.800
  14. 1-12-2019 Newshound/Intel Guru Mnt Goat Article: "Iran pushes Iraq to maintain trade without US dollar" This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar. If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. ...They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense. ...In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq. 1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government... 1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already. 1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote... 1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
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