Thursday Midnight Guru Opinions - 8/22/2019

[ronscarpa]

 

 

8-22-2019   Newshound/Intel Guru  Mnt Goat   Article: "FORMATION OF A COMMITTEE TO RAISE THE PRICE OF THE IRAQI DINAR AGAINST THE US DOLLAR"  ...we know that if they issue the coins of much smaller categories, they will need to significantly raise the exchange rate of the dinar (the value is already present at 1:1). But when will they “reinstate’ the dinar back to the global currency exchanges? This is what we really want to see happen and is when we go to the bank and not a moment before...


8-22-2019   Newshound Guru Kaperoni   Does anyone actually believe the CBI could RV or RI the dinar at 1 to $1 or greater with an excess of 42 trillion dinars in circulation?  That is 3x's the worlds money supply.  It simply cannot be done.  And the CBI cannot reduce the money supply overnight (in fact they mentioned the currency would remain in circulation for up to 10 years).  The only possible and viable solution is a gradual reduction of the money supply with a gradual increase in the exchange rate.  Such an increase in the exchange rate could occur as inflationary pressure rises on the financial system as investors bring capital to Iraq.  Any other option for an increase in value just isn't viable or realistic. So we keep our fingers crossed that investors come to Iraq beginning with a 2020 budget, increased 72 trillion expenditures.
 

[cjdavid]

Does anyone actually believe the CBI could RV or RI the dinar at 1 to $1 or greater with an excess of 42 trillion dinars in circulation?

 

In my opinion, they have to at least come out at 1-$1 to take the USD out of the picture. Anything else is icing and candles.