Popular Post Adam Montana Posted August 28, 2019 Popular Post Report Share Posted August 28, 2019 Wednesday Wednesday Wednesday! Hello everyone, thanks for tuning in. Sometimes I can hardly wait to get to work on the weekly update - and most of those times, life just gets in the way. Like this week The following was posted Friday (cheers @yota691), and it’s the start of the news I recently mentioned I want to see: The topic at hand is quiet simple - OIL. The above article (and the handful of posts that followed it) weren’t necessarily about the “price” of oil, but the contents are certainly affected by the price of oil. Let’s dive into that a little - earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate… for those of you new to the situation ) We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV. Back to OIL, the WTI, and the news articles that correlate… take a peek at this super high-tech graphic: This WTI chart shows the approximate time WTI hit $60, and we know that OIL news had been scarce in the time prior to that. Articles related to HCL started popping up. The price of OIL actually went up too high, in my opinion, because once it dropped off - so did the news articles related to HCL. A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value - this is just one of those things, but I believe it is a major component. Now that we’re seeing a bit of stability return, and the price resuming a possible upward trend, we have the previous articles and also this: Lots of people are saying September is looking good. I am leaning toward agreeing. Time, and hopefully not much of it, will tell. Discuss below - feel free to add your - Adam 6 13 25 Quote Link to comment Share on other sites More sharing options...
FROSTYJACK Posted August 28, 2019 Report Share Posted August 28, 2019 Thanks Daddio. September works for me. 😎 3 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted August 28, 2019 Report Share Posted August 28, 2019 @Adam Montana just push the button and let’s pop this bad boy on this coming 3 day weekend!!!! 😬🎯 2 2 1 9 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted August 28, 2019 Report Share Posted August 28, 2019 Thank you Adam. Oil is a a big deal for sure and China is really beginning to be a thorn. I’m beginning to sense a battle over who controls the world oil supply a brewing. 1 7 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted August 28, 2019 Report Share Posted August 28, 2019 Thanks Mr. M. Sept. What Year? Just Kidding! 😁 6 1 Quote Link to comment Share on other sites More sharing options...
Popular Post DinarThug Posted August 28, 2019 Popular Post Report Share Posted August 28, 2019 14 hours ago, Adam Montana said: Articles related to HCL started popping up. And Article 140 Was Specifically Mentioned Yesterday As An Agenda Item ! On 8/28/2019 at 1:39 AM, DinarThug said: Baghdad sends a high-level government delegation to Erbil to complete the talks lik 0 2019/08/27 08:39:50 PM Baghdad / Range A delegation headed by Federal Minister of Interior Yassin Taher Al-Yasiri will visit Erbil (today) To complete the talks between the federal government and the Kurdistan region on the files of oil export and payment of funds and the application of Article 140 of the Constitution. The visit comes in response to the visit of the President of the Kurdistan Regional Government Masroor Barzani to the capital Baghdad last July. "The delegation of the Federal Ministry of Interior will come to Kurdistan to negotiate the differences between Baghdad and Erbil. He added that "talks will take place between the two ministries, and is scheduled to discuss during the meeting the overall differences between Erbil and Baghdad." On the committees formed to visit Baghdad, the Minister of Interior in the Kurdistan Regional Government said that "our committees are concerned with the security and military file and Article 140 and its application, and there is a committee to negotiate on oil and gas debts and a range of related topics." The President of the Kurdistan Region, Nechirvan Barzani, and the President of the Kurdistan Regional Government, Masroor Barzani, visited Baghdad last month, in order to find solutions to the outstanding issues between Erbil and Baghdad, followed by a visit by an Iraqi government delegation to Erbil, during which he met with senior officials of the Kurdistan Regional Government. The parliamentary circles confirmed to the extent during the past few days the intention of a high-level Kurdish delegation to visit the capital Baghdad to complete its negotiating rounds, which began in July, revealing that the delegation will present an initiative to the federal government aimed at zeroing crises. `` The agreement that was signed before the Eid holiday between the oil and finance ministers of the federal government and the President of the Kurdistan Regional Government Masroor Barzani is the arrival of a Kurdish delegation from Erbil to Baghdad to complete the talks on the outstanding issues, '' said Shirwan Jamal Khidr, a member of the parliament's provincial and provincial committee. The dispute between Erbil and Baghdad focuses on three main issues: energy (oil and gas), federal budget allocations and the disputed territories covered by Article 140. "The meetings, whether in Baghdad or Erbil, will have one objective," Khader said in a statement to Al-Mada. "The solutions exist for oil, budget and Article 140." He adds that "the joint technical committees between the parties will work to develop a new agreement in the federal budget law to ensure solutions to these files before sending them to the House of Representatives," believing that "the results will be positive this time between the two teams." He stresses that "the current Kurdistan Regional Government is determined to zero all files inherited between Erbil and Baghdad and work to end them radically," noting that "the general orientation of the government open to Baghdad to resolve all outstanding problems." He adds that "what reinforces this trend more recent Federal Court decision, which confirmed the constitutionality of Article 140," stressing that "the Kurdistan region is very serious this time in the application of the Constitution and resolve all outstanding differences between the parties." The Federal Supreme Court, earlier ruled the entry into force of Article (140) of the Constitution of the Republic of Iraq, stressing that this continues until the implementation of its requirements and achieve the goal of its legislation. link Baghdad sends a high-level government delegation to Erbil to complete the talks lik 0 2019/08/27 08:39:50 PM Baghdad / Range A delegation headed by Federal Minister of Interior Yassin Taher Al-Yasiri will visit Erbil (today) To complete the talks between the federal government and the Kurdistan region on the files of oil export and payment of funds and the application of Article 140 of the Constitution. The visit comes in response to the visit of the President of the Kurdistan Regional Government Masroor Barzani to the capital Baghdad last July. "The delegation of the Federal Ministry of Interior will come to Kurdistan to negotiate the differences between Baghdad and Erbil. He added that "talks will take place between the two ministries, and is scheduled to discuss during the meeting the overall differences between Erbil and Baghdad." On the committees formed to visit Baghdad, the Minister of Interior in the Kurdistan Regional Government said that "our committees are concerned with the security and military file and Article 140 and its application, and there is a committee to negotiate on oil and gas debts and a range of related topics." The President of the Kurdistan Region, Nechirvan Barzani, and the President of the Kurdistan Regional Government, Masroor Barzani, visited Baghdad last month, in order to find solutions to the outstanding issues between Erbil and Baghdad, followed by a visit by an Iraqi government delegation to Erbil, during which he met with senior officials of the Kurdistan Regional Government. The parliamentary circles confirmed to the extent during the past few days the intention of a high-level Kurdish delegation to visit the capital Baghdad to complete its negotiating rounds, which began in July, revealing that the delegation will present an initiative to the federal government aimed at zeroing crises. `` The agreement that was signed before the Eid holiday between the oil and finance ministers of the federal government and the President of the Kurdistan Regional Government Masroor Barzani is the arrival of a Kurdish delegation from Erbil to Baghdad to complete the talks on the outstanding issues, '' said Shirwan Jamal Khidr, a member of the parliament's provincial and provincial committee. The dispute between Erbil and Baghdad focuses on three main issues: energy (oil and gas), federal budget allocations and the disputed territories covered by Article 140. "The meetings, whether in Baghdad or Erbil, will have one objective," Khader said in a statement to Al-Mada. "The solutions exist for oil, budget and Article 140." He adds that "the joint technical committees between the parties will work to develop a new agreement in the federal budget law to ensure solutions to these files before sending them to the House of Representatives," believing that "the results will be positive this time between the two teams." He stresses that "the current Kurdistan Regional Government is determined to zero all files inherited between Erbil and Baghdad and work to end them radically," noting that "the general orientation of the government open to Baghdad to resolve all outstanding problems." He adds that "what reinforces this trend more recent Federal Court decision, which confirmed the constitutionality of Article 140," stressing that "the Kurdistan region is very serious this time in the application of the Constitution and resolve all outstanding differences between the parties." The Federal Supreme Court, earlier ruled the entry into force of Article (140) of the Constitution of the Republic of Iraq, stressing that this continues until the implementation of its requirements and achieve the goal of its legislation. link 2 9 14 Quote Link to comment Share on other sites More sharing options...
Popular Post DinarThug Posted August 28, 2019 Popular Post Report Share Posted August 28, 2019 14 hours ago, Adam Montana said: Lots of people are saying September is looking good. I am leaning toward agreeing. We Also Had Articles Discussing The Minting Of Coins This Week ! On 8/24/2019 at 11:13 PM, DinarThug said: Economist: Reprinting the coin will reduce the burden of paper damage 20:14 - 24/08/2019 Information / Special… Economic expert Latif al-Okaili said on Saturday that the government's approach to reprinting the currency would ease the burden of damage to banknotes in the markets. Al-Okaili said in a statement to Al-Maalouma that the use of the metal categories and their descent for trading gives a notional value to the currency as it aims to preserve the currency and not need to request more banknotes, especially those with small categories. "This is a negative indicator of the country's economy." He added that "the government's approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again." With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation." The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy. Finished 25 T. link Specialized: minted coins serve internal business transactions Monday, August 26, 2019 Emad Emirate Baghdad / Mustafa Al - Hashimi There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country. Strategic Plan Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support system">support the value of the Iraqi dinar in trading "The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said. Financial support system">support for the national economy. " Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support system">support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions. "Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency." Delete the zeros Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into Economy". Al-Ghalbi added that "the central bank is constrained by the existing cash in the process of replacement, but foreign trade will not be affected as the price of exports will remain the same unchanged, as well as import payments are not affected because foreign exchange is in foreign currency versus domestic, which remains unchanged because The purchasing power of a currency do not change". Multiple benefits "Changing currency and deleting zeros brings multiple benefits," said Al-Ghalbi. Public". He pointed out that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially Accountants. " Monetary deception Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by people with a large number of zeros that are pushing towards generating inflationary pressures. Of inflation Untamed. " He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash. link 2 11 8 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted August 28, 2019 Report Share Posted August 28, 2019 Yes sir Thugs. The coins is a good thing. Sorry I had to post the dog, again. It cracks me up. 1 7 4 Quote Link to comment Share on other sites More sharing options...
RedRock44 Posted August 28, 2019 Report Share Posted August 28, 2019 THANK YOU ADAM!! September works for me also!! Bring it on Iraq!! August is pretty much GONE!! HERE'S TO SOOOOOOOOOOONNN!! IN THE COMING DAYS?!!! YEEE-HAAW!! 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted August 28, 2019 Report Share Posted August 28, 2019 9 minutes ago, Pitcher said: Yes sir Thugs. The coins is a good thing. Sorry I had to post the dog, again. It cracks me up. Probably A ‘Retriever’ ! After It RV’s I Might Invest In Some Kruggerand’s And Get A Golden Retriever ... 1 13 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted August 28, 2019 Report Share Posted August 28, 2019 Thanks Adam, good looking guy holding that beer! I am pumped for September!!! 2 7 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted August 28, 2019 Report Share Posted August 28, 2019 5 minutes ago, DinarThug said: After It RV’s I Might Invest In Some Kruggerand’s And Get A Golden Retriever ... I’ve had 2 GR, great great dogs. They shed but very friendly dogs. 2 2 Quote Link to comment Share on other sites More sharing options...
fixxxer Posted August 29, 2019 Report Share Posted August 29, 2019 Thanks Adam! Go RV! 1 Quote Link to comment Share on other sites More sharing options...
alloywheelmaster Posted August 29, 2019 Report Share Posted August 29, 2019 Sept does look good to me as well. 🤔👍👍😎🙋♂️💵💵 1 1 Quote Link to comment Share on other sites More sharing options...
AjVa Posted August 29, 2019 Report Share Posted August 29, 2019 Thanks for the update. Go RV!!! 1 Quote Link to comment Share on other sites More sharing options...
BKD Posted August 29, 2019 Report Share Posted August 29, 2019 September will be a good month. Special BD"S happen for me in Sept. Go RV!!!! Make it happen for my loved ones. 1 2 Quote Link to comment Share on other sites More sharing options...
Dandy1 Posted August 29, 2019 Report Share Posted August 29, 2019 So, have we been upgraded to "Really Really Soon"? 5 1 Quote Link to comment Share on other sites More sharing options...
Inbedded HorseHead Posted August 29, 2019 Report Share Posted August 29, 2019 September sounds great. Amen. 😎 1 Quote Link to comment Share on other sites More sharing options...
A.M. Posted August 29, 2019 Report Share Posted August 29, 2019 Thanks A.M. 1 Quote Link to comment Share on other sites More sharing options...
watchmedude Posted August 29, 2019 Report Share Posted August 29, 2019 Thanks Adam ,Sept 3rd is the end of their holiday is it? Looking forward to your text. 1 2 Quote Link to comment Share on other sites More sharing options...
keylime Posted August 29, 2019 Report Share Posted August 29, 2019 2 hours ago, ChuckFinley said: Thanks Adam, good looking guy holding that beer! I am pumped for September!!! I'm still pumped for August. LOL!!!! 3 days is a lot of time 11 Quote Link to comment Share on other sites More sharing options...
fancy Posted August 29, 2019 Report Share Posted August 29, 2019 5 hours ago, DinarThug said: We Also Had Articles Discussing The Minting Of Coins This Week ! Specialized: minted coins serve internal business transactions Monday, August 26, 2019 Emad Emirate Baghdad / Mustafa Al - Hashimi There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country. Strategic Plan Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support system' target='_blank' style=">support system" rel="">support the value of the Iraqi dinar in trading "The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said. Financial support system' target='_blank' style=">support system" rel="">support for the national economy. " Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support system' target='_blank' style=">support system" rel="">support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions. "Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency." Delete the zeros Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into Economy". Al-Ghalbi added that "the central bank is constrained by the existing cash in the process of replacement, but foreign trade will not be affected as the price of exports will remain the same unchanged, as well as import payments are not affected because foreign exchange is in foreign currency versus domestic, which remains unchanged because The purchasing power of a currency do not change". Multiple benefits "Changing currency and deleting zeros brings multiple benefits," said Al-Ghalbi. Public". He pointed out that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially Accountants. " Monetary deception Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by people with a large number of zeros that are pushing towards generating inflationary pressures. Of inflation Untamed. " He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash. link Thanks Thug this was a great news week with coins and I hope we see more. 1 1 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted August 29, 2019 Report Share Posted August 29, 2019 Thank you Adam... can’t help feeling a little excited by the news in your weekly update ... 🙏 3 Quote Link to comment Share on other sites More sharing options...
Stabstones Posted August 29, 2019 Report Share Posted August 29, 2019 September always be the great month.. 1 Quote Link to comment Share on other sites More sharing options...
ninu320 Posted August 29, 2019 Report Share Posted August 29, 2019 Hi Adam! Thanks for all your updates over the years. I seem to recall one of your post from a while back, a very well made point of why you thought the dinar would revalue at 10 cents. Since it seems to appear that some of us think we are onto something happening with this investment in September (my bday month 😊) , is your thought process still the same? 10 cents? I know you aren't a fortune teller or anything like that lol, not asking for the vilified "rate and date" question. Just was hoping you'd share your thoughts on it still being 10 cents or since you made that post have you come into any new information changing your mind on that. Thanks for any response you share! 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.