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Adam Montana Weekly 22 April 2020 - WHAT IS GOING ON?!


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Good morning and happy Wednesday!   I don't know what to say here except: WOW.   WOW.   By now you've surely heard about the OIL markets, and I'm sure there are more ques

Thank you Adam.   It is a very confusing time.  I’ve been trading this the last few days and it has been no fun.  We are in unprecedented times and a new paradigm is forming, imo!!!   I’lll

I also can't make sense of all this, but I have a few hunches.   America is holding a lot of Iraqi Dinar, since the start of the war.   Trump said he wanted to keep the Iraqi oil.

Posted Images

12 minutes ago, yendor said:

How does oil demands compare to toilet paper demands?

(Changed my comment) There may be those still caught in this dilemma. 

Edited by wc41
My household knows it first hand
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Thank you, Adam. Wednesday's are always my favorite day because of your updates! I have one question for you; Couldn't Iraq increase the currency/value as a nation by completing an RV despite the plummeting oil prices which accounts for most of the value? This would have a positive impact on their global standing, value for their people and provide capital to keep the government functioning.

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Adam, it would seem that Iraq is between a rock and a hard place. Oil down and Iraq once again has it hand out to the IMF and WB. This time the IMF and WB are pushing back. Add this the trying to seat a new Government which could result in Parliament being disbanded , no budget, and salaries have to be paid.  Not pushing the Hopium but one would think increasing purchasing power would be obvious. What options does Iraq have left?

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Thanks Adam for the update - My questions is by the OIL being so low right now won't that set Iraq back even further from RVing their currency now?  I know they are rich in oil, gold and etc...But WOW!!!!!

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eburt, that is the opposite assumption to my question so I am looking forward to Adam's response. I can completely take your position of their economy being based on oil commodity and therefore have a huge negative impact on their valuation. I guess I am looking for some silver lining and the hopes they need to react to a decreased revenue source (oil) but still need to keep their government operating and food for their people. 

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Thanks Adam for all you do here.  Do you think that they will be able to RV while they are still trying to form their new government?  I know CBI has a big say in the process, but I was under the impression that the government had to be in place also.  Just looking for a little more insight from a knowledgeable person!!  Again thanks Adam!!

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I commented last year or a few years ago, when oil was really low. I can’t remember how long ago. 
That,  It only makes sense to RV while oil was super low. 
I can assure you, I’m not smart enough on this subject to make sense of why I feel this way, much less make an argument for it. But, I’m going to try. 
If your country’s worth is mostly based on one commodity, (oil), and you want (need) to raise/return your currency to its proud glorious value it once held, ($2-$3+-), you should RV your currency while oil is low. Then you could RV at somewhere between, $.10-$1.13. Still being undervalued. This would cause the majority of the people to cash in their holdings. Then as oil increased, raise the value from there. 
The world/the economy/ourselves would get the huge gain and Iraq would be unharmed. Actually, They would benefit tremendously, because they would have the majority of their money back in hand as the value slowly returned to its original value of $3+-, Along with the price of oil. 

When I mentioned this before, @Adam, you didn’t agree. I would like your take on the idea, now. What are your thoughts? 
Thank you 🙏 

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Here are the recent Weekday Corrupt Bicraqi Iraqi CBI Daily Currency Auction results for April.

 

Foreign Currency Selling Window for 19/4/2020

 

Announcement No.(4171)

Sale Date -  19/4/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
143,118,598
Total sale cash
0
Total sale  amount
143,118,598

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 

Foreign Currency Selling Window for 20/4/2020

 

Announcement No.(4172)

Sale Date -  20/4/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
146,729,400
Total sale cash
0
Total sale  amount
146,729,800

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 

Foreign Currency Selling Window for 21/4/2020

 

Announcement No.(4173)

Sale Date -  21/4/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
144,421,000
Total sale cash
0
Total sale  amount
144,421,000

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 

Foreign Currency Selling Window for 22/4/2020

 

Announcement No.(4174)

Sale Date -  22/4/2020

Details
  Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)
158,799,122
Total sale cash
0
Total sale  amount
158,799,122

Note:

  • Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
  • Cash selling price is (1190) ID for each Dollar.
 
Here is the summary:
 
Sunday, April 19, 2020                                 143,118,598
Monday, April 20, 2020                                146,729,800
Tuesday, April 21, 2020                                144,421,000
Wednesday, April 22, 2020                          158,799,122
 
The average is 148,267,130. All electronic with no cash sales.
 
These auctions are supposed to pay for Bicraqi Iraqi Imports. Say, 5 auctions per week and 50 weeks per year is 250 Weekday Corrupt Bicraqi Iraqi CBI Daily Currency Auctions:
 
148,267,130 x 250 = 37.067 Billion USD per year for imports.
 
Here is a chart for 2010 through 2018:

 

image.png.b073d22a828360c3a57cacb44911db69.png

https://tradingeconomics.com/iraq/imports

 

The moral of the story is the CORRUPTION just may be BABY taken out of the Corrupt Weekday Bicraqi Iraqi CBI Daily Currency Auctions so that ONLY cash sales are ELECTRONICALLY used for LEGITIMATE imports.

 

Go Moola Nova!

:pirateship:

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