Saturday Midnight Guru Opinions - 2/23/2020

[ronscarpa]

 

 

2-22-2020   Newshound Guru Jeff  ...What this is is a reinstatement.  The phrase "RV", that phrase "revaluation", all that was fabricated from this investment.  That phrase never existed.  "Rate change" existed but not "revaluation".  This is a reinstatement.  That means they have to bring back a former rate.  I've studied the value of Iraq's rate through the last 100 years.  The low side was about $2.80 and the high side was about $4.20.  The point is they've never had a $1.00 rate to reinstate... Iraq 's currency was devalued from $3.22 in about 2004...(Note: The S-IQD had a much lower value than 3.22 by the time the conflict started; and Saddam was deposed in 2003...Ron) 

 

2-22-2020   Newshound Guru  Kaperoni ...nothing has happened politically in the last few months as of yet the new prime minister hasn't even been sworn in and his cabinet has not been voted on.  In fact it has been scheduled for Monday but there are rumors that they won't even vote Monday, that many are now making a decision to not endorse the new prime minister and his cabinet. New protests are even anticipated.

2-22-2020   Intel Guru Frank26  ...this coming Monday...if we have a cabinet seated well then... 30 days later (which I think would be less) I really think that a new rate will be presented to the Prime Minister and his cabinet.