Wednesday Morning Guru Opinions @ 8:55 AM CST - 02/05/2020

[ronscarpa]

 

 

2-5-2020   Intel Guru Frank26   ...I believe a couple months ago Donald Trump invited MTA [PM Allawi]...MTA and Donald Trump talked about the monetary reform.  And apparently when this guy came to Washington D.C. he gave a complete pre-interview to many business owners of Iraq...this happened 4 or 5 months ago...When he came to see Donald Trump I believe he passed Donald Trump's litmus test...He was being interviewed to be Prime Minister IMO...Donald Trump is a business genius mastermind...This was prepared way in advance in silence...All that MTA is saying right now in Iraq has been talked and discussed thoroughly by Trump and MTA many months ago...IMO Trump has a vision for Iraq...

 

[ronscarpa]

Added @ 9:40 AM CST:

 

2-5-2020   Newshound Guru Kaperoni   ...guru Frank26...thinks some big RV/RI is going to happen and people are going to exchange their dinar at banks...It could take years for banks to ever include the dinar in there currency exchange portfolio because of it's volatility.  Most banks by nature are very conservative so I wouldn't expect banks to jump in right away and add the dinar to their portfolio of exchangeable currencies.  But even so, that is assuming there was some significant overnight event to raise the value of the dinar. Which won't happen...There is no overnight event call it whatever you want.  Most of the same reasons still apply...there is over 42 trillion dinar in circulation and Iraq never could afford any significant RV. Plus, if they ever did it would throw the whole economic system in Iraq into total chaos. Just not how economies and monetary policy work.  The whole idea of an overnight significant RV is a fallacy. If the dinar is ever going to go up in value it's going to go up gradually over time via a float...
 

 

[coorslite21]

2 hours ago, ronscarpa said:

Added @ 9:40 AM CST:

 

2-5-2020   Newshound Guru Kaperoni   ...guru Frank26...thinks some big RV/RI is going to happen and people are going to exchange their dinar at banks...It could take years for banks to ever include the dinar in there currency exchange portfolio because of it's volatility.  Most banks by nature are very conservative so I wouldn't expect banks to jump in right away and add the dinar to their portfolio of exchangeable currencies.  But even so, that is assuming there was some significant overnight event to raise the value of the dinar. Which won't happen...There is no overnight event call it whatever you want.  Most of the same reasons still apply...there is over 42 trillion dinar in circulation and Iraq never could afford any significant RV. Plus, if they ever did it would throw the whole economic system in Iraq into total chaos. Just not how economies and monetary policy work.  The whole idea of an overnight significant RV is a fallacy. If the dinar is ever going to go up in value it's going to go up gradually over time via a float...
 

 

 

I will disagree on the volatility of the IQD........It has been steady low......for a long time....and only because big brother USA rode in and changed things up.....

 

Government along with Central banking can do what ever they want.......August 15, 1971 comes to mind.....changed up the gold standard......hello FIAT....

Brasil with rebirth of the REAL would be another example...

 

The float is a valid concept.....Kuwait floated upon its return.....up and down as a free float......and found its foundation......a managed float can be like 2% every 3 months....or something like that.....history shows us examples of that too.

 

Just some thoughts...     CL