Thursday's Guru Opinions @ Midnight EST - 1/18/2018

[ronscarpa]

 

1-18-2019   Newshound/Intel Guru Mnt Goat   In today’s news we are also seeing more pressure to stop or greatly limit the currency auctions. OH – but how can they do that without putting the dinar on a FLOAT and reinstating it back to it former glory on the global currency exchanges? Simply put they can’t...   This reinforces again that something is about to happen with the Iraqi currency. It almost has to as the pressure is building and the bubble is about to pop. January is only half over and so there is plenty of time yet to see some more actions in this direction. How far can they proceed without the reinstatement?

1-18-2019   Newshound Guru Breitling   What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents.  I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other.  How do we know that?  Look at the other currencies in the middle east…that’s how you figure that out.   So after Saudi Arabia who’s the biggest producer of oil in OPEC?  It’s Iraq.  Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it?  Remember I talked about undervalued stock?  Undervalued currency is that simple…I love it cause that’s how it works. 

1-18-2019   Newshound Guru Adam Montana   [...does Brexit have any effect on our Dinar investment?]   In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time. 

 

1-18-2019   Newshound Guru Kaperoni   A few people have asked for my opinion on the recent float article as to what "forced" means?  My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.