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ronscarpa

Thursday Midnight Guru Opinions - 3/26/2020

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3-26-2020   Newshound Guru Jeff    What did I tell you was needed for a rate change To shut down the financial markets.  And they did and they're still down...the financial markets within Iraq have now been down for a period of two weeks.  I told you that in my opinion the financial markets would be down down for a period of 4 weeks..



3-26-2020   Newshound Guru Pimpy   ...people are asking about the rate...to me it just makes sense that they come out with $1.34...I also made an argument why they could start off at the reinstated rate $3.22.  They have nothing right now.  They need more purchasing power so that they can turn around and buy a ton of things.  This is another reason why I think they're going to come out with a managed rate not a free float...I hate to say this but most likely be reinstated at $3.22 rate but not for very long...a rate that high will not allow them to develop economically.  They would not be able to compete on the open trade market with such a high rate.  They'll most likely get back down to around $1.34...but don't be surprised if they don't come out with the $1.34 first.



3-26-2020   Intel Guru Frank26   The CBI has done the impossible...I said we are never going to have an RI until we control Iran.  Sure enough we've got Iran controlled - Security and stability...Number 2:  Stop the dog gone using of the American dollar in your country...the only way is to stop the auctions...here comes the coronavirus...that's a good excuse...Now you have a window so big you can throw the Empire State Building through it.  They're not using the auctions...oil is dropping so low these guys have been pushed at the edge of the diving board...the only option is to jump in the international pool...raise the value...this is exciting.  We got everything we've ever dreamed of... 



3-26-2020   Newshound Guru Adam Montana   ...The IMF has stated that CoronaVirus is impacting the entire world, and Iraq is included... a reasonable reaction to that would be "Oh, great, another reason for Iraq to ask for more handouts!"  Article:  "The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo"  ...a good article yesterday regarding the World Bank on Iraq...we've been expressing for some time now that it's time to stop enabling Iraq's policy of "pleading poverty". This may be the beginning of the end of that practice - in a good way, for us! They aren't broke, they have the means, and it's time for them to get it together.‼️...This is taken from another site that follows Adam's opinions and posts snippets from them. You can find Adam's full chat in our DV Chat Logs Forum at: Adam Montana Weekly 25 March 2020



3-26-2020   Newshound/Intel Guru Mnt Goat   Article:  "THREE LARGE SHIITE PARLIAMENTARY BLOCS, GIVE PRIME MINISTER-DESIGNATE ADNAN AL-ZORFI, THE GREEN LIGHT, TO FORM THE NEW IRAQI GOVERNMENT"   I hope Zarfi can quickly form his government and get himself appointed as the permanent prime minister in time for the price of oil to go back up, maybe in a few months. If he can, then we might be in a good place to see the currency reform. I am still hearing that the CBI wants to do this project to delete the zeros and just needs the political obstacle gone and stability to return.



3-26-2020   Newshound Guru Kaperoni   There is no such thing as a different rate inside Iraq vs outside Iraq. ...And a float in which market forces dictates the rate is the only real option... 



3-26-2020  Newshound Guru Jeff  ...the currency auction have still been shut down since 3-17 so nothing has happened since 3-18...the ISX is going to continue to be shut down through the end of the 28th and reopen on the 29th...IMO the ISX will stay shut down and not come back online until Monday April 13th.  [Reference Guru Jeff Post on 3-25-2020]

 

:tiphat:That's All Folks .... Have a good night's sleep...! :twothumbs: RON

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    • By ronscarpa
      3-31-2020   Newshound Guru Pimpy   ...for 86% of us you could be guaranteed that within 5 months [of rate change] you're gonna be flat broke.  That's haunting.  A lot of you out there are saying, 'man, that's not gonna happen to me.' But look most professional athletes that make hundreds of millions of dollars are flat broke within two years.  That's because nobody teaches them how to manage money.  I'm sure all those people said the same thing...just be smart about your money ... get an attorney that can set you up in a way where your assets are always protected...(post 1 of 2)...more to come...


      3-31-2020   Newshound Guru Kaperoni    I had high hopes that this year significant progress was going to be made in Iraq regarding their economy and investment in the private sector.  But in the last several weeks a lot has happened to set back the economy everything from the prime minister to low oil prices...to the Corona virus.  Until Iraq can get a new prime minister, a cabinet, parliament gets back to passing laws and the Corona virus is resolved. I don't see the private sector opening up and investors coming to Iraq. And in 2013 the IMF was very clear on the direction for the dinar. They will create a diverse market economy/private sector and simultaneously float the Iraqi dinar to create an opportunity for the dinar to appreciate as a result of the success of the economy. Though this will give an opportunity for the dinar to go up in value, and also allow us as investors to possibly profit from that appreciation, it will never happen overnight...
       
      Good Morning DV ... RON
    • By ronscarpa
      3-30-2020   Intel Guru Footforward   [Question:  "Are you still confident that we are looking for a rate change in the near future...?"]   I can't give financial advice or investment advice. I'm not a financial expert. But it's my opinion MANY things are coming together that have been spoken of. And IMO, it's the best window we have seen since 2003.


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      3-30-2020   Intel Guru Frank26  [Question: "In Your opinion if...Iraq chooses to go bankrupt what will happen to the Iraqi government and the economy?  Can Iraq still RI after that?"]  I don't think that Donald Trump would allow that.  I don't think Trump would allow the cancer that is in Iraq to kill Iraq.  No...
       

    • By ronscarpa


      3-29-2020    Intel Guru Frank26  ...as far as when the Iraqi stock exchange will reopen and as far as is it related to the reinstatement of the Iraqi dinar I don't know.  You think it would be.  If it is - everything [budget, cabinet, rate] before they open is logical isn't it?  That's my option...


      3-29-2020   Newshound Guru Pimpy   ...we need more than a rate change to happen in Iraq in order for us to benefit from a rate change.  It must be recognized internationally in most cases for banks to do the exchange.  Some Chase locations are already making exceptions regardless of the currency being recognized internationally or not.  You can exchange the dinar there...there's gonna be a fee once the exchange happens.  I believe it's around 1%.  They'll charge you 1% fee to make the exchange...just for the sake of it I'm gonna use round numbers.  Let's say I have a thousand dinar and it's now $3 for every one dinar.  I would deposit my 1,000 dinar into my account and they would exchange it and in my account would reflect 3,000 US dollars...If I had one million dinars and it was 3 to 1...(Post 1 of 2)...
       
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    • By ronscarpa
      3-29-2020   Newshound Guru Jeff   ...Let's say Iraq were to change the rate on Sunday April 12th.  Those two email correspondences from those brokerage firms [Reference Guru Jeff's post on 3-27-2020] state they would reopen on Sunday the 12th.  Let's say the rate were to change on the 12th.  "The trading floor is currency open 6 hours a week Sunday, Tuesday and Thursday from 10am to 12 noon." ...if the rate were to change on Sunday it doesn't matter if the ISX reopens for business because the fact that they don't even start trading until 10am Sunday morning.  That would be after the rate change.  My point is, if the rate were to change on Sunday the 12th, the rate would change while the ISX is still closed...
       
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    • By ronscarpa
      3-28-2020   Intel Guru Frank26  The good thing is that they are actually talking about 'lifting the 3 zeros' being postponed due to the corona virus.  Which IMO mean they were "in the process" of lifting it.  We were that close for a third time.  God willing the CBI will return back to it after this corona has apexed...the beauty of it all is that they admit they were going to do it.  They admit they are going to do it.  And they admit they are going to go back to it after this corona virus is under control...that is cool. 
       
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