Search the Community
Showing results for tags 'article'.
-
Thursday Early Afternoon Opinions - 2:18 PM MDT - 6/27/2024
ronscarpa posted a topic in Dinar Rumors
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question "What does the 'coming period' mean in Iraq time?" It means in the near proximal future. It means within arms reach. It means it's already happened... or they never would have telegraphed it the way they're doing now. That's just the way the Middle East is. An idiotic question with a very questionable and biased answer. Frank is so full of sh*t..! Guru Samson Article: "Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms" Militia Man They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed. -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Response to IBBC video this morning] The video starts out by maybe being a little negative by saying these are the problems that they have, and then at the very end, it's just amazing what it's done with its reforms and positive ending. This video is a summary of everything that the monetary reform has done thus far and what it's about to do next. IMO that's the ATM machines and then the float. Nader From The Mid East Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad. It's more good than bad, but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.' Militia Man Article: "IBBC Conference: Much to Celebrate in Iraq as Energy takes Centre Stage" This conference seems to be shedding a positive light on Iraq. There is good reason to in doing so. Iraq is about to break out in a very big way. No stopping her at this stage now. Way too many legal obligations on the table. There will be far more to come [See the IBBC Dinar debate video] Fnu Lnu [Response to Guru Kaperoni's post 6-21-2024] I have...reviewed several different sources who all report the "new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)" is, in fact, accurate and written the same in all the sources. Just because [Guru] Kap doesn't want it to be true doesn't mean it is a mistake or misprint.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Article: "DETAILS OF THE MEMORANDUM OF UNDERSTANDING SIGNED BETWEEN IRAQ AND HONEYWELL OF AMERICA" Quote:“The memorandum that was signed aims to develop projects for developing refineries...noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to raise financial returns and thus support the national economy.” Folks, they just told us they will be expanding their oil capacity. Iraq will also be selling these refined oil products to the rest of the middle east and probably Europe and the US. How much more revenue will Iraq generate before they finally give us the new rate? Yes, there is a plan in place... all the signs are pointing now to much, much sooner than later. I certainly hope its June...
-
Monday Night Opinions & BullSh*t @ 11:33 PM CDT - 6/10/2024
ronscarpa posted a topic in Dinar Rumors
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "Iraq bids farewell to the list of high-risk countries" We already heard talk about them going from a black list to a gray list. Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week. This step will will also make Iraq a destination and a source of interest for major International Development and investment companies." Iraq is on the runway and ready to go, take off. Jeff The budget is approved with the dinar valued at today's Central Bank value, 1310. That's not a rate change. What brings the rate change in is for the current budget approval to be overturned. That's what you're looking for, the court's ruling to overturn the approval which welcomes a rate change. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani's making another speech. He said something very interesting. My cousin caught it. Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That's right. Remember? How many times have they been saying that, over and over. FIREFLY: However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar... And Now, Some of Mark's over the edge And a BS Rumor from Pimpy MarkZ I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations. Question: If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically? Mark: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side. The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move. MarkZ Question: Did you hear from your Bond Contacts? Mark: I do have a couple more who were told to expect theirs tomorrow…they were told today that those appointments for tomorrow are still set…and the expectations are that they will complete this time. I find this very encouraging. If we see that - I believe we can then be excited…and all bets are off on timing. Question: How long after the bonds go will we go? Mark: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time. Pimpy Let's go ahead and address a rumor that's going around: the exchange rate is going to be $28 to 1... When I heard that I damn near fell out of my chair. There's so many people kind of getting excited about...wondering is this real? You should ask yourself which currency out there currently is the most valuable? That'd be the Kuwaiti dinar - I think it's $3.22. Do you really think it [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1? Yikes. Obvious answer - NO..! -
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man When you drop three zeros it creates value. It's that simple. And when you add a real effective exchange rate to that value that's created from dropping the three zeros, that's when the fireworks begin. MarkZ Question: Is watching the HCL implementation a good indicator? It’s a very good indicator. I was told since very early in this process that this was a key indicator…along with the inversion in the bond markets which we have seen. Frank26 Article: "Al-Sudani: Iraq's interest in developing gas projects will provide job opportunities and give the economy added value" I HAVE ALWAYS SAID THE MOMENT YOU SEE THE HCL, SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE! Sandy Ingram The Central Bank of Iraq denied issuing a new currency denomination. The decision highlights the bank's confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations...
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Nader From The Mid East Somebody says I said the exchange rate is going to change on the budget. I never said that. I never said the budget has an exchange rate. Never said. Somebody else though been telling you that, not me. I never said that. I will never say it cuz I don't know if the exchange rate is in the budget or not. I don't know. I cannot tell you, no, it is not and I cannot say, yes, it is...I never said, in the budget there's a rate change. I don't believe in that in the first place. MarkZ Article: “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals” These are things to develop a very robust Iraq economy. Militia Man You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate. I think these guys are about ready to expose that. I think al-Sudani and Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly... Jeff At this time the budget is not published in the Gazette. The budget has not been implemented because it can't be implemented until the court finishes their appeals on it. The Maliki crowd strikes again..!
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 The third phase of the monetary reform is being introduced... There are 7 parts to Phase 3... Article:"They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform" Quote: "...include the ability to issue medium and long-term securities... increase gold reserves and offer new issuance of high quality currency." It doesn't get any better than that.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare BUDGET SCHEDULES WERE NOT PUBLISHED TODAY [Wednesday]. THE GAZETTE COMES OUT ON WEDNESDAYS & SATURDAYS. Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the budget didn't go to the president for signature but to the publishing in gazette... When the budget is in the Gazette it will go live. So that means a new exchange rate will come soon to correct that new budget because it can't handle all of these projects at a program rate, correct? FRANK: That is correct. It is also the monetary reform plan of Dr. Shabibi. Bruce ...we got some information from one of our sources in Iraq - Very powerful - spoke with Dr. Sudani, the prime minister of Iraq...He said that the rate on the dinar and the budget...had been handed over...to their official documentation to their official record...but... We haven't had publishing in the gazette yet... the theory is that... once we have the Iraqi dinar out with a budget...in the printed version of the Gazette ... we have a “Game Over”...
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick [Iraqi bank friend Aki - highest level banking meeting update] Sudani is putting contracts in place to be implement inside of Iraq. Sudani has been doing this with thousands of contracts. "In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects. Those contracts will be fulfilled for their value but paid in IQD's only. Samson Article: "A parliamentarian challenges the budget schedules before the Federal Court.. Document" Jeff The budget is unconstitutional and appeals have already been filed with the court. The court is going to step in, it's going to be overturned. [Reposted]
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Jeff There's many disagreements with the budget, possibly causing it to be overturned via a court appeal... The actions of what was done with the budget was against what they were allowed to do so the legal system might be overturning the budget's approval...The House of Representatives... went beyond what they're allowed to do. The fact that they approved the budget unlawfully might be getting overturned. The budget might get squashed... Nader From The Mid East The UN agreement, 2003 when they invaded the country, now they said the last day is next year 2025. They've been talking about the end of the war and this is one of them. That is very good news. We talk about sovereignty, that's one of them. It's good for Iraq. It's going to make Iraq stronger and happier. Sudani, what he's talking about the coalition gonna leave in 2025 - it's official. MarkZ ...there is contention as to whether the president has signed it [the budget] yet or not... And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget… and execution. Maybe we will see the printed budget by Saturday now... I’m still hearing positive things for the 7th through the 9th. Pimpy Iraq is on the verge of getting their full sovereignty which is awesome for Iraq and a huge step in going in the right direction. Article "Al-Aboudi: The decision to end the UNAMI mission in Iraq is a major step for full sovereignty"
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Article: "Specialists identify a number of factors to end sanctions on Iraqi banks" Militia Man If all you [Iraqi citizens] own is dollars, and they change the value to a real effective exchange rate, back to where it was in the previous era, they say back to 1980... Sudani said the dollar is going to be weaker, or he said it in a way that the dinar is going to be stronger than the dollar. That's the whole goal. You drop the three zeros from the currency, you're going to add value. That's all there is to it. That's how it works. That's just not my opinion as far as I'm concerned.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "PaPrliament sends budget schedules to the Ministry of Justice... for this reason" Quote: "Today, Tuesday, the Presidency of the House of Representatives sent the 2024 budget tables to the Ministry of Justice for publication in the Al-Waqe’at newspaper." The Al-Waqe’at newspaper - IS THE GAZETTE. MarkZ Comment: It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal. If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday? Mark: Exactly... At this point we are expecting it to be published in the Gazette [Wednesday] or Saturday... There is a mechanism to RV in the budget. And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat…we will see... This contact works in the government in Iraq.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Article: "Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq" It isn't just about the de-dollization, this paper covers the banking reforms, the state of politics... the state of security. It also covers what Iraq needs to do to increase the exchange rate. It also talks about what Iraq needs to avoid to keep from having to devalue the currency even more. It isn't just as easy as, 'Hey increase the exchange rate so we can end all of your problems.' ...It's 30 something pages long. There was a lot of information in there that I was shocked about. Militia Man They're talking about a massive deficit...$210 trillion budget. It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!? And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget]. There's something up folks because 1310 doesn't work. Kaperoni ...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly. Nader From The Mid East Comment: 'Nader you said it was going to happen in June.' No I didn't say in June happen. I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August. They created a new white paper. They're going to start working on the exchange rate and I think from here to the 8th of July. We'll see what's going to happen. Deepwoodz Question: "Don't they have a deadline for these budget things by June 9th?" I think June 9th was slated as the end of their legislative session post extension. Time will tell as to the importance of it.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article:"Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the schedules" Quote: "Parliament decided, according to the agenda, to hold its twenty-seventh regular session next Monday..." I am not sure how long voting will take on the paragraph. But, if they are going to vote to do a budget at 1310 that would have a deficit of 64 trillion that would not be good for the people and they want to see another term in office they'll need the 3 zeros to be removed from the exchange rate. If there isn't a removal by Al-alaq they'll be in a pickle be sure. Jeff The budget will not be approved Monday. It's going to be another failed attempt. Nothing will happen with the budget on Monday. It's going to be a failed attempt to approve it.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Jeff If you're excited about the budget being approved Monday you're an uninformed investor. What that means is the rate is not changing because budgets are calculated off the value of the currency whatever it is. The budget was calculated against the dinar at 1310. The next window of opportunity that the rate could change would have to be either midyear (September or October) or the next budget period of 2025. In order for them to do that they have to suspend that year's budget monies and consider re-amending the budget. Pimpy Article: "The document..The House of Representatives votes next Monday on the budget schedules" Finally after all this time. There was a huge delay. Militia Man That vote [scheduled Monday 3:00pm Baghdad time vote on the 2024 budget tables] is prior to markets opening in the United States in New York. Will they vote? Will they do it? We're going to find out.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Remember I've said it for years, they are coming after you. 87,000 more IRS agents. You don't think the timing is perfect for it? They're coming for you... [NOTE: At the appropriate time consult your tax advisors to determine the correct tax for your unique circumstances.] Militia Man The totality of the Development Road Project, 1310 is not going to work. They just don't have enough money printed, period. They just don't. We're going to have to see how all that ties in with the budget because one of the things that's still on the table is the Delete The Zeros Project. If that's the case trillions turns into billions quite quickly. If they do what they say, they're going to do it becomes far far cheaper. Samson Article "Iran: Iraq is one of the richest countries in the Middle East"
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Yada Article: "Parliament sets next Monday as the date for the session to approve the budget schedules" ...we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see, any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year. All the more expecting to see the rate any moment now. The rate is NOT in the budget Yada..!
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Nader From The Mid East Iraq wanted to de-dollarize. They start de-dollarizing in January but it didn't work for them too much. The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country. They tried everything. Now, they said that plan didn't work so they come out to the new white paper. They realized they cannot do anything without changing the exchange rate. [Post 1 of 2] Nader From The Mid East They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate - between now and 8th of July we should have an answer. What are they going to do? Are they going to change the exchange rate, keep it the same, go up, or go down? I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street. [Post 2 of 2] [NOTE: "Go down" stated here, means go up in value of the dinar to the dollar.] MarkZ Question: How do the historic bonds and currencies differ for the RV? Mark: Currencies are part of the RV (Re-Valuation) whereas historic bonds are the process leading to the global reset. Historic bonds have to be settled before the reset and the bonds will give liquidity to fund the currencies. Clare Article: "Professor Frank Gunter launches a new white paper on de dollarisation of Iraqi economy."
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “Futures slide as bond yields spike to a 3 week high” We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live. This bond market is in shambles. I was always told to watch for this just before the res, and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line. Pimpy Article: Central Bank of Iraq quote "There are no current plans to print new currency." What that tells me is people don't have to worry about a lop or redenomination because in order for you to have a redenomination or a lop you have to create new currencies. It also tells me they're not creating the lower denominations which means they're going to stick with the currency they currently have. Including the already printed LDs. Some people see this as the glass half full. Some people look at it as the glass is half empty.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Question: "Are the lower notes out yet?" You would know it if they're out, the whole would would know it instantly. So,no..! Samson Article: ”Economic: Protecting banks and exchange companies from sanctions is the most important file for the Central Bank" And Now, Mark's latest MarkZ I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "The Central Bank begins the second phase of its banking reform strategy" THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE, AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news - much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW! ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming. Folks, it is now EXPLODING! Kaperoni The Central Bank of Iraq has already talked about ending the currency auctions by the end of this year. A float is the replacement for such an event. Samson Article: "Al-Bazouni: Failure to elect the Speaker of Parliament does not disrupt the work of the House of Representatives" MarkZ We know that the budget has passed with $162 billion. It was $153 B last year. There is plenty in the news showing us it is passed, but I have yet to find where they are covering a budget shortfall with a rate. I was told to expect something within days of it being passed. Comment: Its interesting they are saying billions and not trillions for their budget totals. They must have a rate hike? Right? Mark: You are getting it. We are just trying to piece together “what is that rate?”
-
Clare Article: "IMF Executive Board Concludes 2024 Article IV Consultation with Iraq"
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 As far as Suandi, Buzani and Alaq and the IMF, World Bank, US Treasury, BIS and my teams are concerned the monetary reform is expected. Deepwoodz We’ve been waiting many years to see this [RV/rate change] happen, but the way they are doing it seems right. It’s fully thought out and done with intricate precision. I believe that once they put the icing on the cake, it will stick, and that’s what we need. MarkZ Article: “Vietnam Business news May 12/24” They are talking about an increase in revenues and how well the country is doing...
-
REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Does Iraq have the potential to have a more valuable currency than Kuwait? Yeah absolutely...They have way more resources. As a matter of fact...Iraq is in the top 5 worldwide for the most resources. So, yeah, they have the potential to be there. There just not there yet...They have a lot more things to export than Kuwait does but they have to get past these hurdles. I think they will. Militia Man They're not stopping. We don't have a date and rate but we can see the progress is before us...They're gearing to move Iraq to the private sector and to open up to the world...There's going to be money to be made and there's going to be a lot of it... Samson Article: "Iraq is the fourth in the Arab world and the 30th in the world in the reserves of Yellow Resonant" [Gold]