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Friday Morning Guru Opinions @ 8:50 AM CST - 2/07/2020


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2-7-2020   Newshound/Intel Guru Mnt Goat  Many...are now asking me for a new timeframe for the reinstatement. I promised a new target once the prime minister was chosen. I am very confident in Allawi and his abilities to turn Iraq around, given a chance to do so...We know that January was the OPTIMAL time for the CBI to reinstate the currency and it did not happen due circumstances. But...The CBI can reinstate the Iraq dinar anytime deemed necessary or desired...We know also that until the new year’s budget for 2020 is opened and used, it still makes sense for the CBI to reinstate as if in the January timeframe. I called my CBI contact and...I was told that just like the previous two years they have until the end of March as their deadline. If we go past this timeframe we are sunk again for yet another year. To me this sounds like our new window!

 

 

 

2-7-2020   Intel Guru MarkZ   …in the past it was a secret and they never expected us to find out about these revaluations. That is why there has been so many delays…they never expected us to know. In Kuwait only a handful found out…then came the internet…and we found out…  After world war 2 Germany revalued.  Japan revalued…  In the past Iran has revalued… Venezuela has revalued…look throughout history.  In the past it was always the elite who profited and could take advantage of it. They were profiting off of war.



2-7-2020   Intel Guru BobTheTaxMan  Question "Let's say you don't have the receipt for the dinar when you purchased - you don't need that to exchange do you? No.  Now earlier in this crazy game we're involved in there was an idea that you were going to have to have the original date of purchase because they thought it was going to be capital gains.  In reality it's not.  It's going to be ordinary income.  It's going to be no different from exchanging currency you currently have in your pocket.  It's not going to matter.  So don't worry about that part...[Consult with financial and tax professionals at the appropriate time.]

 

:confused2:

Edited by ronscarpa
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