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ronscarpa

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Everything posted by ronscarpa

  1. Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Mnt Goat Article: "THE HOUSE OF REPRESENTATIVES AND BY AN ABSOLUTE MAJORITY TO GIVE CONFIDENCE TO THE PRIME MINISTER AND MEMBERS OF THE MINISTERS AND THEIR SWEARING-IN" the three most important are now filled and not by proxy anymore...the Ministry of Defense...Minister of Interior...Minister of Finance...Let’s get to work!!! **** Adam Montana Lots of talk lately about the new PM (KaZAMi-Kablammie-Kademi-KaJustRValready!), exchange rate talk, the US pulling out of Iraqi bases, and of course - "more". There was a time when there wasn't much "more", but lately things are picking up steam - Parliament blazing through tasks, the newly appointed PM seems to almost have entered the scene un-noticed...the fact that Kazammie is still in office, with no reports of (major) riots or protests, is an indicator that he could be "the one"...(post 1 of 2)... **** Adam Montana A key part of the "more" is the Iraqi Budget, which is looming on the horizon. The Budget is a big deal, but do NOT expect to see an RV rate in it - in fact, I place very little importance on the Budget numbers. What IS important and relevant is a successful conclusion and announcement of the Budget. That can only happen when the bobbleheads in Parliament actually meet, pull out their pens, and sign the agreement. When that happens, it shows that Iraq is doing something positive, moving forward, and clearing the table for bigger items. .(post 2 of 2).. ADAM'S POSTS WERE TAKEN FROM ANOTHER SITE THAT FOLLOWS ADAM'S OPINIONS AND POSTS SNIPPETS FROM THEM. YOU CAN SEE ADAM'S WHOLE CHAT AT link: Adam Montana Weekly 27 May 2020
  2. Good Morning DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Mnt Goat I quote- “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”. This was taken right out of an article by Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020). I would trust and respect his comments much more than the corrupt parliament member comments (and others) that are coming out that say just the opposite. So relax. This financial crisis could lead to Iraq raising the value of the dinar in the long run. **** Jeff ...There's really only 3 things in the news right now. The first would be Kurdistan and Baghdad to resolve their differences. The 2nd one would be the completing of the government - the last 7 remaining ministers and then the 3rd one is all the economic articles. That's it...so what they're telling you here is the two items - Kurdistan trying to resolve their differences with Baghdad and the 2nd one completing the formation of government...they're telling you what their delay is before they can launch their economy. It doesn't get any more cut and dry and simplified than that. They're telling you what the delay is. They're saying, 'hey Kurdistan has to reach an agreement with Baghdad and Baghdad has to get the last 7 ministers in there.' They're telling you what the delays are before they can launch the economy. That's why now they're talking about the economy around those items. That simple. That's what you're waiting on...
  3. Good Evening DV, here's another opinion & comment from Frank26 that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON ***** Frank26 ...everything is happening at an amazing fast pace, warp speed with the reinstatement of the dinar, the monetary reform itself. It's at a point right now where it's coming so fast that you can't miss it...! I hope and pray Frank26 is right ... this time...!! It will be a Blessing to us all. Ron
  4. I Screwed Up Again ... This is TUESDAY EVENING OPINIONS ... LOL..!! RON PS: I'm hoping one of the Mods will see this and change the day in the topic line...!
  5. Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Mnt Goat So, we see in today’s news yet more arguments about whether to float the dinar or not. Floating the dinar is bad, but ONLY if floating is kept on the program rate and not reinstated for global trading. This is coming from the CBI not me, just so you know. So we see lots of arguments for pro and con on this subject matter but remember again they are talking about program rate only with the confines of the CBI and not on FOREX which is international. ...Will they reinstate international and then float the currency like they need to do? ...We know this has been the plan all along to float the IQD on FOREX. The IMF has already told us of the future plan to reinstate and put the IQD in a “basket of currencies”...(post 1 of 2).. **** Mnt Goat ...We know for a FACT that if they had already accomplished this event back in 2013 or sooner...they might not be this financial mess they are in...reinstating their currency on FOREX is the cure all for Iraq’s economic problems...But having reinstated the IQD with a sound monetary policy would have helped to avoid these problems that they are now facing...They seem to be slowly leaning towards this decision... and I believe that they have already come to the conclusion they must revalue and reinstate the currency and do it prior to the July salaries coming due...We have a really good opportunity to see the reinstatement sometime in June of this year not Jan 2021...What is left now is to wait for something from the CBI and I will be totally convinced they are moving ahead and actually plan to do it this time...(post 2 of 2)..
  6. Thanks adhoc10 and NoviceInvestor ... I'm hopeful as well. At this point, all we can do is hope & wait..! RON
  7. Good Afternoon DV, here's another opinion & comment from Delta that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON *** Delta ...great information from the Financial Minister. In his tweet he's talking about they're tying to get Iraq back to the financial status internationally. Guess what happened? He just have [gave] an executive order and he ordered the Central Bank of Iraq with other financial entities in Iraq to implement and launch that ASAP so Iraq can regain their financial status internationally...the glory days...they have to activate whatever they needed to implement from the Prime Minister and the Office of Financial Ministry...this is just amazing. This is just unbelievable...
  8. Following MilitiaMan's comment above - 5 days puts us through the 24th as had been mentioned by several others as a possible date for something to happen once the long feast is over; but note that the CBI has been closed the 25th & 26th as well, or at a minimum, No Auction. Food for thought .... RON
  9. Good Morning DV, here's another opinion & comment from another member of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON ***** MilitiaMan What it looks like is there was a notice given on the 19th. Then, moving along from that, banks are closed and a holiday ensues for five days to mark Eid Al-Fitr a time of giving. The mask of Covd-19 is in play.. Nothing like a plan-demic to hide what is in plain site. Very well orchestrated on many fronts. The one front that will usher our win, is what we await on now.... imo. No turning back once one jumps from the deck! That is where they are, in the air.....imo...lol..!
  10. Good Morning DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Kaperoni ...Before Iraq in the CBI can transition to Article VIII they must submit a request to the IMF for approval considering they are not in compliance currently...Unlikely would it be approved...the IMF has a status for each country...they are in Article XIV... **** Pimpy When Al-Kazemi got into office I was hoping he'd be whipping butt. But I had no clue that this guy was going to accomplish what he's accomplishing and he's done it all in such a short period of time...
  11. Post Added @ 8:45 PM CDT: u MilitiaMan Article: "The Kurdistan government approves the Baghdad proposal to settle the financial situation" We see the Kurds are in agreement with the new PM on the implementation of the FMLA of 2019..this is music to my ears. They agreed on the REER (Real Effective Exchange Rate) for the future budgets and will be in preparation for their fundamental implementation...No wonder Saudi Arabia is off and running... Word travels fast. This looks like a notification that was dated May 19th.. 1) DONE 2) DONE and 3) DONE...imo.
  12. Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON *** Pimpy ...when I say Iraq or Vietnam are a long term investment you're misunderstanding what I'm saying so I want to clarify this. I'm not talking about their currencies. I think the currencies are gonna change really quick here. Especially the Iraqi dinar. As a matter of fact I can make a bold suggestion and that is, our time is this year 2020. There's no doubt that the Iraqi dinar rate will change in 2020. I feel very confident about that...and then I say, 'oh these two countries you should consider longer term.' People are like oh my God pimpy is saying it's going to be 5, 10, 15 years down the road for their currencies. No. I'm not talking about the currencies...I'm considering Iraq and Vietnam as "long term" outside of their currencies. As long term investment opportunities. There's just so much growth potential there... *** MilitiaMan Article: "Under royal directives, the Saudi ambassador returns to work in Baghdad" Quote: "Prime Minister Mustafa Al-Kadhemi and Minister of Finance Ali Abdel Amir Allawi, affirming the Kingdom’s concern for the unity of the Iraqi people, and the importance of cooperation with the new Iraqi government to achieve mutual interests and enhance ties Bilateral relationship between the two brotherly countries..." Looks like more of the PM hitting the ground and running!! This is also huge and supportive Iraq has agreed to be compliant and international..imo.
  13. Good Morning DV, here's Frank26's latest opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinions based on what seems to be happening in Iraq. RON 5-25-2020 Intel Guru Frank26 ...at any time this could happen. Don't be looking for no date. No specific time of the year. I don't care what everybody's telling you. At any time it could happen because it's an accounting process. It's all about the numbers...they tested this...they tested it in the markets - successfully. Their exchange rate was tested - successfully. What do you mean? The auctions, they shut it down and they've maintained their exchange rate... - successfully. They proved themselves. They proved themselves to be worthy to go international - to have the value to their currency lifted by the Fab 4. Therefor they are a go. They are ready to go...
  14. Thanks Rochester for your insightful post and invitation...Blessings...Ron
  15. Good Morning DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON 5-25-2020 Newshound Guru MilitiaMan Article: "Finance Minister: Agreement to activate the electrical connection between Iraq and Saudi Arabia" ...The move that supports they are Article 8 compliant in business..imo They cut off Iran and Iraq's electricity dealings yesterday...The energy is now coming from Saudi Arabia. That means to me they are international in regard to doing business. The implications of that are huge...We know the plan is to become a social market economy for Iraq. That requires internationalism. Doing so requires Iraq to be article 8 compliant...From the looks of the recent agreement with Saudi Arabia, they are showing that they are now compliant, ioo. The meetings with the Finance Minister, aka Deputiy Prime Minister, has me thinking they are or may have brought or now are bringing the REER (Real Effective Exchange Rate) to the neighboring countries...imo Times are seriously getting real, imo! ..(post 1 of 2)... 5-25-2020 Newshound Guru MilitiaMan We know the CBI printed 4 trillion dinar in April. They didn't print large notes. They printed smaller increments of money. imo. We know they showed us they were destroying large amounts of perfectly good large notes. The new money is to replace the large with smalls...The education process for the new currency will come once the REER (Real Effective Exchange Rate) is exposed...They could show the new money and educate for re opening of the ISX well before they open...So, lets see what they do next. But, it sure looks like we are in a good place.. imo...(post 2 of 2)..
  16. Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Pimpy ...there's a lot of positive juju, a positive mojo going on in the dinar community. I think all of us rightfully or wrongfully have pinned June as the magical month. Why? Man there's just too many things that seem to be pointing to June...we've got the meeting taking place in June. We got all kinds of new trade agreements that are supposed to kick in in June. So very very interesting. A lot of positive energy. We will see where that leads too. Hopefully something good. ...things are looking good. Man, something about that month of June man! I'm feeling pretty good about it... **** Frank26 ...The CBI is about to open in Saudi Arabia. I'll give you an example. Commerce Banks. Look for those to be open first. All these Iraqi banks that we told you about. All these satellite banks you're gonna now see them coming out left and right. This is proof of the things that we have been saying - that they are Article 8...which means they raised the value of their currency. Which means they are about to make that announcement to the world... **** Pimpy ...man there's a lot of chatter going on. I like the positive energy. I like the positive vibes...June, we know the United Nations, the IMF, the United States is gonna be coming over there. As a matter of fact Saudi Arabia is now the added portion to this meeting that's gonna take place halfway through June. This is big. It means something. There must be something big getting ready to happen. What I'm hoping is whatever is happening Saudi Arabi is going to help Iraq in a big way economically. But it's not just Saudi Arabia, Kuwait is getting in on the action too. These are two really rich countries. As we know Kuwait has one of the most valuable currencies out there. So we're gonna keep an eye on the meeting to see how it pans out... That's it for tonight folks - sleep well - Blessings...RON
  17. Good Afternoon DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON *** Kaperoni ...as long as the currency auctions are in place the money supply cannot be reduced because part of the currency auction is a balance between dinars and dollars reducing one significantly would cause demand for the other. ...the truth is it is not about to RV. Iraq could never RV with 42 + trillion in circulation nor is it how monetary policy works. If the dinar is going to go up in value...It will go up via a float based on Iraq's prosperity. Iraq has a lot of work to do to recover from this crisis. Iraq needs to pass laws, stabilize the government, and invite foreign investors to come and participate in the private sector. Remember Iraq still needs over 50 billion dollars to rebuild infrastructure. Kaperoni is often on a different page than most of the others who post their opinions. *** Frank26 ...in Iraq their currency is now going to play fairly because they added value IMO and they stopped using the auctions and they stopped using the American Dollar...Trump said lessen your dependence on our American dollar and they did...Iran was siphoning all the money we were sending to them through the Iraqi auctions and it was supplying terrorism...they're [Iraq] getting the last parts of the monetary reform done. Trump and the Fab 4 said that that's enough time wasted. Move on it. Do it...at any moment it could happen suddenly...it's an accounting process. It's all about the numbers. *** Pimpy Everything has been pointing toward the month of June. We don't know why. But my thing is this - The bi-weekly budget, the fact that Pompeo, the United Nations and the IMF are gonna be there in June. It doesn't mean anything I'm just saying it seems to me like it does...look, I don't know what's going on but I can't help but feel whatever is coming it's happening in June. There's a lot of things pointing out to June. There's a lot of crap happening in May but there's definitely, definitely a lot of things happening in June. They started drilling in these fields on the outskirts [of Iraq] where it's reported to have 10x the amount of oil that's already being reported in Iraq. 10 times that amount. All I keep hearing is rate change. Rate change. Rate change... *** Adam Montana [...has the EO 13303 been signed yet?] Yes. White House Statement: "...Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2020. Therefore...I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303." ...we should remember why this is in effect. From Wikipedia: "Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq..." ... I also think that many of us here were well aware that Trump would renew EO 13303, because even though it's been a number of years, we aren't the only ones who know the Iraqi Dinar is going to regain it's value. As for the question "What would happen on it's expiration" - that's a great question, and the answer is equally great - when the order is not renewed, it will be because Iraq has resolved it's issues and EO 13303 is simply no longer an issue. It is not a matter of "if". It is a matter of "when". This is taken from another site that follows Adam's Opinions and often posts snippets from them. *** Footforward They need to make sure they have some things established with certain countries so that when they revalue they can hit the ground running. It's establishing a foundation right now. They haven't been international in so long and have had so many restrictions for so long. It's like they are wanting to make sure everything is in place now.
  18. Good Evening DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON **** Pimpy Article: "Barzani: We have taken serious steps with Baghdad and are ready to settle with the Kazemi government". ...I have a feeling the real hold up on this rate change is what's going on between Kurdistan and Iraq. An agreement has to be reached. That's just my feeling...we should see something flowing from this agreement in June. That's what I'm hoping. We'll see. **** Frank26 ...the CBI's got a lot of little, we call them satellite banks. They're private banks. They're going to be in the United States of America. If you want to go into one of these banks in the United States and take your dinars and exchange, you can. Maybe you just want to leave as dinars in these banks in the United State...they are about to open a piñata of banks and put the CBI banks all around this planet Earth...the key thing is they had to start in the United States of America first. Why? Who do you think is launching all of this? I call him 'daddy'. 'Play fair with our currency. Stop abusing it. Lessen the usage of my dollar', says Trump. 'Raise your own currency value. Back it up yourself. Go through the process of legalities to be able to be international.' **** Breitling ...economies are just not gonna turn on overnight and the next thing you know the demand for energy is going to go up. The energy based on covid -19 is gonna be where it's at for a while. And the policy is going to keep it [oil] at between $26 and $31. It's not going to change for Iraq overnight. They need to add value to their currency. They're stuck and broke. Whether they get into the western markets or not they need to add value to their currency...there's simply no where for them to go... **** Footforward [Q? : ...question about the executive order that Trump extended...what effect does it have on the RV in your opinion] none. It's neutral. If anything it makes things easier for us. **** Pimpy ...in the immortal words of Phil Collins 'I can feel it coming in the air at night, oh Lord '...something is going on it Iraq and I mean there is a lot of shaking and grooving going on over there. A lot of positive energy. A lot of positive vibe. If you're into that kind of thing...there is a lot of fingers pointed to a lot of stuff being settled in May and then things popping off in June. I'm not trying to give nobody no false hope or get you guys high on hopium but there is a lot of vibes pointing towards that month of June...
  19. Good Morning DV, here are a few more opinions & comments from other members of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what seems to be happening in Iraq. RON *** Frank26 ...how many time have I told you they are Article 8 ... leave it alone? Here's the evidence. If you're going out in the open markets you're Article 8. The only way you're Article 8 is how? You lifted the three zeros off your currency and added value. We called it the information trickling down to the citizens of Iraq. They're about to get purchasing power...they [Iraq] are admitting to the world they are Article 8. On top of that they are admitting to the world they lifted the three zeros off their exchange rate because they have a "financial balance". Rememberer they were saying, 'We have an economic crisis! We have a financial crisis!' No...so get ready to see what's next that you haven't even thought about... ***** Adam Montana [Q? : ...what three zeros are they likely to "drop?" The 25,000 IQD becomes 25 IQD, or .00086 valuation becomes .86?...] The shorter answer is they talk about dropping 0's all the time - some of it is misinformation, the rest is just confusing. They can drop the 0's from the exchange rate OR from the currency. One is an increase in value, the other is a lop. Another possibility that can happen simultaneously is an introduction of a new currency, concurrent usage with the currency now in circulation, and a gradual (timed) removal and expiration of the now current currency. None of those situations are bad, but two of the examples are good while the third is neutral. This is taken from another site that follows Adam's Opinions and posts snippets from them. You can see Adam's whole chat on the bottom of page 2 of: Adam Montana Weekly 20 (21) May 2020 Have a great Memorial Day weekend, and remember those who sacrificed so we could live free..!
  20. Good Evening DV, here's another opinion & comment from another member of the Dinar community that might be of interest to you. Remember, no one really knows what will happen, or when. He is simply stating his opinion based on what seems to be happening in Iraq. RON ***** Breitling ...the CBI went to the IMF a long time ago with the parliament and said we want to get the Iraqi dinar to a $1.17... That was the proposal. That's what they wanted and the whole world knows about it. It's out there. The other part of that is the CBI can revalue their currency anytime they want without parliament saying anything...the parliament wants the CBI to add value to the currency - correctly though. They're not begging them to do it, they just want them to do it correctly. The debate is the policy on how to do that...The CBI can add value to the currency any damn time they want...it's starting to narrow down and it's kind of remarkable... Have a great Memorial Day weekend everyone ... Be Safe & Be Blessed ... RON
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