Thursday Morning Guru Opinions @ 9:25 AM CST - 2/27/2020

[ronscarpa]

 

 

2-27-2020   Intel Guru Frank  ...we have a cloud of smoke from the excitement from the explosion - IMO, of them actually pushing a button...it's not dark humor.  It's not science fiction.  It's not a comedy.  It's all great.  The Prime Minister twice talked to the citizens of Iraq about the exchange rate for the improvement of their economy.  Twice he's talked about the exchange rate.  He also talked to them about the vote.  And yeah they're gonna have the vote and he gave the reason why there won't be one today [Wednesday].  It looks like Thursday.  Tomorrow (that's today - Thursday) hopefully they get it all done.  That's really not important.  It's really not.  IMO the government has been functioning with no problem for quite a while...

2-27-2020   Newshound Guru Pimpy   ...Dr. Shabibi wrote an article complaining that the  monetary policies that the CBI is under from the IMF and World Bank helps keep inflation low, but it really chokes off their ability to grow economically.  He's the one pushing for a rate change...(and for those of you who are relatively new, he was a former Governor of the CBI who was the author of the original plan to delete the zeroes and increase the value of the IQD).

2-27-2020   Newshound Guru MilitiaMan   Article:  "The central bank clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies"  Quote: "It also clarifies the process of collecting and sterilizing the local currency considering that this bank represents the monetary authority in Iraq."   The act of sterilizing the local currency is a practice by major global players. It appears the CBI is preparing or is now prepared to defend their currency in world markets.. Something that the CBI has now been told to the world that they are now obliged to play by the IMF Rules.. imo.. Very good indeed imo.   [Investopedia:   Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank, and is designed to offset the effect of foreign exchange intervention.]

 

Tuesday at 08:45 AM  Laid Back wrote:

This is HUGE.!!!!
Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. ...

The Sterilization Process is used to manipulate the value of one domestic currency relative to another, and is initiated in the foreign exchange market.

Its coming..... Go RV..... Go open market economy 

Edited February 27, 2020 by ronscarpa

[64jaguar]

Thanks Ron, All pretty upbeat if only from a bunch of Guru's, (Not you Laid Back, I respect your opinion)... Now all we need are these miscreants to get the Government approved. No easy task, Imo! It's like asking the Demoncraps and the Republican politicians here to agree on a new president.. We wait... and wait aaaaand wait... 

[gregp]

Laid Back...Guru

 

Sounds good. 

[ronscarpa]

17 minutes ago, 64jaguar said:

Thanks Ron, All pretty upbeat if only from a bunch of Guru's, (Not you Laid Back, I respect your opinion)... Now all we need are these miscreants to get the Government approved. No easy task, Imo! It's like asking the Demoncraps and the Republican politicians here to agree on a new president.. We wait... and wait aaaaand wait... 

 

Thanks 64jaguar...I agree..!

[happygilmores]

Sterilization Process is also a means.to prevent the spread of the  Norovirus. Just saying!