Wednesday Noontime Guru Opinions @ 1:00 PM CST - 12/04/2019

[ronscarpa]

 

12-4-2019   Newshound/Intel Guru Mnt Goat    ...the news from Iraq is all about two things:  1)   News from the CBI telling its member banks to stop all financing and loan contracts from Dec 1, 2019 to Jan 1, 2020...this is part of the revenue stream for banks so this is not an easy task to ask them to do for a month, unless it was important. So what does this mean?   ...the CBI has wanted to complete the “project to delete the zeros” and then reinstate the Iraqi dinar and that the best timeframe is do this at the beginning of each fiscal accounting year. JANUARY is the beginning of their fiscal year...All attempts so far have been made during this period. So...once again we have a target of now up to early January 2020 to expect this project to delete the zeros to move ahead again and get a rate change in Iraq...(Post 1 of 2)....Post 2 is coming shortly...and will be posted below as a Reply...

12-4-2019   Newshound Guru Breitling   If you look at it in chronological order of what we've been watching, it's such a beautiful thing!  You should be very very happy.  It's a reality.  It's a huge huge pressure cooker for Iraq right now.  So watch the conversations about the budgets.  Watch what they're talking about...when is the exact date of when it's gonna happen?  It doesn't matter...they can't depend on that $56 per barrel budget and whatever value they're gonna add to the currency.  In other words they're gonna be forced to do it if they take too long...that's not my opinion.  That's the language they're throwing out there...I couldn't be more excited...It's a great position to be in.  It's fun to watch.

12-4-2019   Newshound Guru chattels     I am in agreement with Kaperoni about the timing of any increase in the value of the IQD. [Reference: Guru Kaperoni's post 12-3-2019] Completion of the banking reform project in Iraq is highly unlikely given the lack of security and instability of Iraq.  I am always most hopeful in the first quarter of the year, but...The Iraqi political regime is "on life support", IMO.  Assaults from without and corruption from within.  

 

[ronscarpa]

Added At 6 PM CST:

 

12-4-2019   Newshound/Intel Guru Mnt Goat ....  2)  Ending the corruption and curving the Iranian influence out of Iraqi politics. Since just about every high ranking govt official is involved in one way or another in corruption...They must do something and do it now with the pressures from the protestors. First get something to the protestors that is concrete and they can see the difference. ...You all should be VERY, VERY HAPPY at these current events and how this can lead to us finally getting our pot of gold at the end of the rainbow. Remember I said “there is always that pot of gold at the end of the rainbow only you can’t yet see the rainbow until the storm ends”. What did the Iraq news say to use recently? It said the “storm has ended” and so we are now just waiting for the rainbow to appear...(post 2 of 2)...