Thursday Evening Guru Opinions @ 6:50 PM CST - 3/12/2020

[ronscarpa]

 

 

3-12-2020   Newshound Guru Vital Brad    Article "Can Iraq pay salaries after the collapse in oil prices?  The government advisor answers"   Well not at the current rate that their money is.  That wouldn't quite work.  But is it creating a perfect storm with these lower oil prices to raise a currency value to be able to continue to pay the salaries?  ...reducing expenses that's only gonna go so far.  They're gonna need to do something different like reinstate their currency which would change the value IMO.  Which would cover their salaries.  It's like things are coming to a head IMO.


3-12-2020   Newshound/Intel Guru Francis Albert   Not sure where this "float" thing is coming from. All currencies go up and down based on people buying and selling them. I believe there's over 5 Trillion, (that's a T) bet on the FOREX market every DAY. And all currencies are basically pegged to the dollar whether they like it or not. As the Iraqi Dinar rises in value after going International on FOREX, the money currency players on FOREX make on a rising Dinar comes from other traders, not Iraq.