Monday Evening Guru Opinions @ 6:40 PM CST - 2/24/2020

ronscarpa · February 25, 2020

2-24-2020 Newshound Guru Vital Brad It appears like Iraq might do exactly what Kuwait did. (I imagine he's referring to the timing issue, because it is no where the same situation as to circumstances - Kuwait was a reinstatement because Saddam stole the plates & his troops raided the CBK and stole all the cash). In 1991 they revalued (reinstated) their currency after their war on...March 24th 1991. If Iraq is gonna do this they're following in the footsteps of Kuwait IMO...They [Iraq] still owe Kuwait some money but they've already told us that to pay Kuwait that's gonna be in the 2020 budget. There are certain things in the 2020 budget that appear need to happen - that can't happen until there's a new rate. It looks like in Iraq everything right now is on standby until the reinstatement...come Monday they get their government set and then guys we're coming up on March. This was the same time 30 years ago just about that Kuwait revalued their currency...

2-24-2020 Intel Guru Frank26 ...it is a specific percentage of Parliament that is in attendance at that moment that creates a quorum...a percentage of that attendance is what determines a vote...332 would make a full quorum of Parliament but no body shows up like that all at once.

2-24-2020 Newshound Guru chattels Article quote: "The deficit is very large and can be overcome only through three axes. Either reduce operating expenses to a very large degree, especially the item of allocations and benefits, or resort to taxes. This is also a very big burden on the Iraqi people, or external borrowing, and this also bears the weight of future generations.". No mention of deleting the zeroes, or " RV " as a solution/remedy. Frankly, I would not expect any news or advance notice of such an impactful economic event(s).