Saturday Midnight Guru Opinions - 10 November 2018

[ronscarpa]

 

11-10-2018   Newshound/Intel Guru David M. Witty   US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.

 

11-10-2018   Newshound/Intel Guru BGG   Flashback – The Iraqi Dinar is the official currency of a COUNTRY.  For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance.  THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them...(post 1 of 3)....

 

11-10-2018   Newshound/Intel Guru BGG   I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers.  2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say...(post 2 of 3)... 

11-10-2018   Newshound/Intel Guru BGG   3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward?  Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced).  There has been a flurry of references to this same aforementioned “project” recently in various news articles.  4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″…(post 3 of 3)...

 

11-10-2018   Newshound/Intel Guru Mnt Goat  ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement.  So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV...(post 1 of 2)....

11-10-2018   Newshound/Intel Guru Mnt Goat  I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end.  Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient..!-...(post 2 of 2)...

 

Edited November 11, 2018 by ronscarpa