Tuesday Afternoon Guru Opinions @ 3:15 PM EDT - 7/16/2019

[ronscarpa]

7-16-2019    Newshound Guru Enorrste    Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation?  ...they managed to expand investment throughout the country.  Thus reducing somewhat their dependence on oil.  This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good.  Why..? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order.  This means there are now people willing to put their money where their mouth is...(Post 1 of 2)...

 

7-16-2019   Newshound Guru Enorrste   ...They are not just hoping for a floating dinar, they are counting on it.  The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent.  Only with a strong currency can they take the risk of moving to a float.  With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value.  As the float begins the they will see the value of the dinar begin to rise.  As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar.  Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal...(Post 2 of 2)... 

 

 

7-16-2019   Newshound Guru Kaperoni    ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies.  There is no arbitrary revaluation or reinstatement.  The terms the gurus like to use RV or RI is all nonsense.  That is not how monetary policy works...The CBI will follow strict rules.  They will follow processes as well as rules and processes from the International Monetary Fund (IMF).  They use this information to design monetary policies to combat the effects of a growing economy.  These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping.  There has been a lot of progress over the last few months...

7-16-2019   Newshound Guru Whitelions  I think we are finely close enough to smell the roses - for the first time in years they have gotten their poo together...

 

   *****

[pokerplayer]

 

Even a broken clock is right twice a day............

 

  Thxs Ron

 

[King Bean]

+1 Ron. And thanks. I have followed Steve (Guru Ennorste) for many years. The guy has a level head on his shoulders, so when he comes out of the woodwork with something intelligent, I tend to sit up and listen. All the signs are pointing to GOOD THINGS around the corner. Folks, keep the faith, stay strong. It's about to launch IMO.