Sunday Noontime Guru Opinions Posted - 10/21/2018

[ronscarpa]

 

10-21-2018   Intel Guru Frank26   They talk about maybe ...[Saturday], maybe Sunday, to sit the government.  But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform?  It would be nice to have it.  But look, go back to the days of Maliki. Go back to the days of Abadi?  Did you ever see a fully seated government? No. Fascinating isn’t it?  Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion.  You know why it’s my opinion?  Because it’s a rumor in Iraq.

10-21-2018   Newshound Guru Bloodloch   There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar."  If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens.   And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency?  Within that answer may lie both the trick and the happy treat....And what exactly is that supposed to be..?  Adam has been saying for years that it would start at about 10 cents...then let the market take it from there in a controlled (by the CBI) manner.  I'm ready for 10 cents as a start...!  That would be an increase of 100 fold (100 times what you paid) - Nice..!   RON