Wednesday Afternoon Guru Opinions @ 2:55 PM CST - 2/12/2020

[ronscarpa]

2-12-2020   Newshound/Intel Guru Mnt Goat   ...If you have been following the news from Iraq you should clearly see that they are “fast-tracking” the new government and also getting the 2020 budget amended and passed on to parliament. Why is all this occurring so fast?  For one it is the pressure from the protestors. Second it is the threat of going back in to UN sanctions chapter VII. Already UN security forces are in Iraq...But this is all very good for us...


2-12-2020   Newshound Guru Kaperoni   [The CBI has stated on several occasions that the deleting of zeros is two fold.  Three zeros off the exchange rate and three zeros off the notes.  25000 note becomes a 25 note worth the same amount. No change in value.]   If they delete the zeros it is a LOP.  Parliament would have to approve.  Luckily, they have postponed all such attempts so far.  Hopeful for float and gradual appreciation.  Remember also the IMF is also recommended that the CBI get off the peg and allow the currency to gradually appreciate. Go market economy!

 

 

2-11-2020   Newshound/Intel Guru Mnt Goat  ...This reinstatement, would have and should have, already occurred by now. But we all know why it hasn’t…right? ...the Trump administration is working very hard, with and within Iraq, to clean up this Iranian mess. They will succeed...There is a plan and they are moving forward aggressively.