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Wednesday Guru Opinions - 8/14/2015


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8-14-2019   Newshound/Intel Guru Adam Montana   [My personal belief is the corruption factor has to be eliminated and/or all previous crooks have to be dealt with. Fact is, corruption exists and always will - yet progress still continues. We will never see a complete elimination of it, so the question becomes “what level of corruption will allow for the next progression?”  I wholeheartedly believe Iraq has made enough progress in this area to allow an RV.  See Adam's full Chat in the DV Chat Logs Forum Adam Montana Weekly 14 August 2019 



8-14-2019   Newshound Guru Dinar Investor - Jeff    Will the smaller denomination come out before the RI/RV In my opinion, no...Banks are stocked and ready to go. Basically the day the rate changes the banks will have the drawers stocked ready to start passing them out.  It's that simple.  So no they are not going to come out ahead of time.  They'll come out the same morning that the rate changes.  It's all going to happen together at the same time...



8-14-2019   Newshound/Intel Guru Mnt Goat  Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented.This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros.  Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction... 


 
8-14-2019   Newshound Guru Adam Montana   We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL... Article quote:  "the committee did not address the discussion of the law of oil and gas, stressing the interest of the Committee on this subject and it will be a priority to legislate this law during the next phase."  This Iraqi dinar RV really looks like it's in the final stages... See Adam's full Chat in the DV Chat Logs Forum Adam Montana Weekly 14 August 2019 

 


8-14-2019   Newshound Guru Dinar Investor - Jeff   Even though parliament isn't in session...can they still revalue the currency The answer to that is yes and no.  Let me tell you why it's yes.  Technically there are laws in place.  The CBI is completely autonomous from the government.  They are a separate group, a separate structure.  They do their own thing with the money.  The government does their own thing with laws and legislation.  BUT in this instance the CBI made it very clear they are seeking stability.  That's why we're waiting on the formation of the government.  Because of how much money has been stolen from the government.  This is very important to Iraq to remove all the corruption and get a solid formed technocrat government in place...



8-14-2019   Intel Guru Frank26    ...the CBI is on a vicious campaign to educate the citizens and make sure that it works with them because if it doesn't work internally...the reinstatement of the Iraqi dinar will never leave the country and go externally and internationally and grow with value...everyday the CBI is letting you know and the citizens know... [via firefly77] our electronic billboards are showing the ATM machines.  The citizens MasterCard is plastered all over these billboards...it's a commercial but at the same time it's education...



8-14-2019  Newshound Guru Kaperoni  ...There is no way the dinar can substantially revalue..especially at $3+.  Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur.  An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation.  That is 3 times the worlds money supply.  Iraq could never afford such an event.  The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation.  They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.

 

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