Latest Guru Opinions - Saturday - 8/25/2018

[ronscarpa]

Not Much Today Folks...!

 

8-25-2018   Newshound Guru Kaperoni    The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country.  [When please?]  I expected [expect it?] yet this year.

8-25-2018   Newshound/Intel Guru MntGoat    Article quote:  "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders."  Why is this so important to us and the RV?  ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices.  I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem?  Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.

8-25-2018  Newshound Guru Breitling  …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.”  No.  There’s nothing wrong.  They [CBI/Iraq] are using it [dinar] like they need to use it.  The question is for you and me is, Is there a window when they start adding value to it?  And how and why?  And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me.  That’s a huge advantage…We’re using the US dollar to get that currency…  

8-25-2018   Newshound Guru Adam Montana   [Q? : Do you think the IMF has to give the nod to an RV?]  Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.

[DinarThug]

10 minutes ago, ronscarpa said:

Not Much Today Folks...!

 

Said Everybody The Past Decade ...