Popular Post KristiD Posted June 1, 2020 Popular Post Report Share Posted June 1, 2020 WARNING!!! If you don't like reading speculation about why the RV may be imminent, please just skip this post!!! That way you won't have to get upset and you also won't rain on the parade of those of us who like to partake of hopium. I just realized this today, and I find it interesting that there has been no currency auction since May 21st. And also that the ISX was last open on May 21st and now they just announced that the ISX will remained closed through June 4th. For the ISX, Fridays and Saturdays are holidays, so the next open trading day for the ISX will be June 7th. And finally, last Saturday, Iraq's curfew/lockdown was extended until June 6th, which means Iraq reopens on June 7th. Now that Kazemi seated his Cabinet last month and is already taking on a variety of issues, it looks like Parliament is even stepping up to try and form a coalition to help him do that more effectively. Which is great because he faces a lot of opposition to the changes he's trying to initiate. I have to think that one of Kazemi's most pressing issues is the huge cash shortfall Iraq now has every month due to low oil prices (which don't seem likely to increase much - if at all, in the short or long term). I honestly don't know if shutting down the auctions and the stock market are necessary for the RV, but to me it just makes sense that it would be easier to RV while financial markets are shut down. And I do find it a bit strange that Iraq has shut them both down quite a few times in the last couple of months. Of course we have had the coronavirus during that time, but still, it may not be just a coincidence that it occurred when oil prices tanked and put Iraq's budget seriously deep into the red every month. Personally, I wonder if Iraq had tried to do the RV one or more times during the last two months, but just couldn't get it done because adversaries blocked it everytime. There's no way to know I guess, but I still wonder because the sooner Iraq RVs, the millions and millions of dollars they immediately stop losing. So under those circumstances, Iraq should RV immediately. Anyway, I know it's entirely possible we'll see June 7th come and go with no RV, and the currency auctions start up again and/or the ISX reopen. If that happens, it may just mean that the RV got thwarted yet again. Or I could be totally wrong about all of this. But in any event, I have to think, with all the progress that Kazemi has been able to make, and having achieved the milestone of seating his Cabinet, surely chances are much better than they've ever been. So if Iraq was close to RVing before, maybe this time it's in a strong enough position to finally pull it off. GOOOOOO RV!!! And aren't these riots horrible!!! So disturbing and tragic.😢😢😢 I for one welcome this bit of hopium because it's something pleasant to have in the midst of our beloved U.S. literally burning. 12 12 26 Quote Link to comment Share on other sites More sharing options...
miquel Posted June 1, 2020 Report Share Posted June 1, 2020 GO HOPIUM, GO!!!! I'm one of your biggest fans!! 😅 Thanks for the great post! 2 10 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 I like “Hopiun”. Does it come in Strawberry. Everyone loves strawberries. Sorry, KristiD, I was the class clown in grade school. Thank you you for posting. As always your posts are thought provoking and very much appreciated. 4 2 5 2 Quote Link to comment Share on other sites More sharing options...
siberian_shaddow Posted June 1, 2020 Report Share Posted June 1, 2020 Hopium is what dreams are made from, a little hopium in your breakfast makes for a better day, some hopium sprinkled on your prayers at night makes tomorrow a little more hopium.😁 3 2 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 1 hour ago, KristiD said: So if Iraq was close to RVing before, maybe this time it's in a strong enough position to finally pull it off. GOOOOOO RV!!! I’m just curious what you might think the New rate will be. From many of the articles I read this weekend it appears they need to do something soon and that Al-Kazemi has the authority to push the green light. What will be the lowest rate that would get people to cash in without setting off an inflation bomb. Adam has stated in the past that they might come in at .10 and go upward from there. ( float). I know we are all hoping for a minimum of 1-1 or maybe a little higher but to be honest with all the Political unrest, CV, Oil under 40, Corruption, Pressure on Kazemi to not prosecute people abusing the auctions, and the mere fact that Iraq is flat broke, I’m thinking Adam’s .10 sounds about right. 1 5 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted June 1, 2020 Report Share Posted June 1, 2020 Thanks KristiD - I am planning on reading this again. I am loving HOPIUM while sipping on some Scotch or a tall frosty Dad's Root Beer there Pitcher. All of this while listening to : As for a rate. I am still in the camp of it being close to 1 to 1. There really cannot be that much USD left out there to cause a major wealth influx. If so, then after 17+ years they can redo "Party like it is 1999". They deserve it. But most of all, why would you turn in your USD for something worth less. 1 1 9 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 1-1 works for me Chuck. Just about anything works for me. Especially a good Root Beer 😆 😝 😝 3 1 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted June 1, 2020 Report Share Posted June 1, 2020 Same here, even at a dime I will be cashing out some. Time for me to move on from my job. 😎 4 7 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted June 1, 2020 Report Share Posted June 1, 2020 49 minutes ago, ChuckFinley said: after 17+ years they can redo "Party like it is 1999". So Tonight Weegie’s Gonna Party Like It’s RV’ed At $19.99 ! And Bruce Will Be Wearing The Famous ‘Prince’ A$$less Chaps Outfit ... 1 1 9 1 Quote Link to comment Share on other sites More sharing options...
Shedagal Posted June 1, 2020 Report Share Posted June 1, 2020 Dang it, @Pitcher, with all the chaos I was hoping it would push them to do an RI. You and Adam may be right. Having been in this 10 years, i just want Iraq to do SOMETHING!! Thanks for the hopium, Kristi. 1 3 5 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted June 1, 2020 Report Share Posted June 1, 2020 6 minutes ago, DinarThug said: So Tonight Weegie’s Gonna Party Like It’s RV’ed At $19.99 ! And Bruce Will Be Wearing The Famous ‘Prince’ A$$less Chaps Outfit ... I am talking Blue and Red Light Specials. 2 1 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted June 1, 2020 Report Share Posted June 1, 2020 2 hours ago, Pitcher said: Does it come in Strawberry. Everyone loves strawberries. Bruce Will Also Be Wearing A Raspberry Beret ! And A ‘Come Hither’ Look ... 2 5 1 Quote Link to comment Share on other sites More sharing options...
Viciousdoggie Posted June 1, 2020 Report Share Posted June 1, 2020 We all could use a little hope. I like how you worked out the theory... 2 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted June 1, 2020 Report Share Posted June 1, 2020 3 hours ago, KristiD said: I just realized this today, and I find it interesting that there has been no currency auction since May 21st. So Then Add The Timing Of This Article Into The Mix ! Parliamentary Finance: Al-Kazemi has the powers to cancel the currency auction Policy 05/30/2020 15:18 28 Editor: gf Baghdad today - Baghdad Member of the Parliamentary Finance Committee, Hanin Qaddo, confirmed on Saturday (30 May 2020) that Prime Minister Mustafa Al-Kazemi owns the powers to cancel the foreign currency auction at the Central Bank . Qaddo said in an interview with (Baghdad Today), that "the Prime Minister, has the powers to cancel or stop the auction of foreign currencies in the central bank." He added, "This matter provided that it is attached to a study or documents proving the existence of money laundering operations, or corruption operations occurring during the sale operations," stressing "the need for the government and the central bank to control the exchange rate of the dollar against the Iraqi dinar in Iraqi markets." Often, deputies from different blocs and components talk about the existence of major corruption operations that take place at the auction of currency sales by banks and personalities accused of money laundering operations . A member of the mini-parliamentary committee concerned with following up the implementation of the budget, Abdul Hadi Al-Saadawi, spoke Monday (July 08, 2019) about the exit of the currency auction from the control of the central bank, while the latter sold $ 150-200 million on a daily basis . Al-Saadawi said in a press statement, that "there are problems and irregularities recorded on the sale of the currency by the central bank, as well as the currency exchange rate, which is often mobile and unstable in most cases," noting that "any candidate for the position of the governor has to sit with the parliamentary finance to discuss These two things . " LINK 2 2 7 Quote Link to comment Share on other sites More sharing options...
umbertino Posted June 1, 2020 Report Share Posted June 1, 2020 Hopium: hope + opium? 1 4 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 10 minutes ago, umbertino said: Hopium: hope + opium? You are close, hop t ium. 😀 1 5 Quote Link to comment Share on other sites More sharing options...
Thief Posted June 1, 2020 Report Share Posted June 1, 2020 1 hour ago, ChuckFinley said: As for a rate. I am still in the camp of it being close to 1 to 1. This will be the starting point when they move their currency to a 'more flexible exchange rate' And they will have 500 billion dollars more to back that up. // Al-Tamimi: Iraq can request assistance to recover $ 500 billion in smuggled money Baghdad / Obelisk: Legal expert Ali al-Tamimi confirmed, on Wednesday, January 29, 2020, that the Administrative and Financial Anti-Corruption Agreement of 2005, which Iraq joined in 2007, allows the country to request assistance in recovering the smuggled money estimated at $ 500 billion // 👍👍😎 2 1 11 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted June 1, 2020 Report Share Posted June 1, 2020 KristiD, We all are with you.....Hopium is contagious so count the "Tiger" in on this "DV Train". Come on git er done boys & girls. RV & RI is coming...👍👍🙏🙏😁😁. 1 4 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 41 minutes ago, Thief said: Al-Tamimi: Iraq can request assistance to recover $ 500 billion in smuggled money That’s the best news I’ve heard in 5-10 years Thief. 4 1 4 Quote Link to comment Share on other sites More sharing options...
Thief Posted June 1, 2020 Report Share Posted June 1, 2020 40 minutes ago, Pitcher said: That’s the best news I’ve heard in 5-10 years Thief. Yup....😎 5 1 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted June 1, 2020 Report Share Posted June 1, 2020 53 minutes ago, Pitcher said: That’s the best news I’ve heard in 5-10 years Thief. Thief Has Beaten More 5-10 Year Sentences Than Prince Has Hit Records ! CNN. Broadcasting While Invoking The Strategic Agreement ! LINK Legal expert: Iraq has the right to recover smuggled money outside the country 1st June, 2020 Legal expert, Ali Al-Tamimi, confirmed today, Monday, that Iraq has the right to recover smuggled money outside the country Al-Tamimi said in a statement received by "Gilgamesh Press", that the "International Anti-Corruption Agreement of 2005 signed by Iraq 2007 allows Iraq to request the United Nations to recover the smuggled money as money laundering and corruption is financial He added that "according to Article 50 of the Charter of the United Nations, states that fight terrorist organizations under Chapter Seven of the Charter of the United Nations may request economic assistance from the United Nations, and it is known that ISIS was placed under Chapter VII under UN Security Council Resolution 2170 of 2014 He continued, "Various countries have announced their willingness to provide economic assistance to Iraq, including Britain, so Iraq can request assistance from the international community, the United Nations, to rebuild liberated cities, face the consequences of the war against terrorism, according to the foregoing, and recover the smuggled money estimated at $ 500 billion He noted that "according to Article 27 of the 2008 Iraqi-American Strategic Agreement, Iraq can request economic assistance from America, as this article required He pointed out that "the current situation and the lack of health facilities to face the Corona pandemic and the decline in oil prices, Iraq had to move in this direction 2 1 2 11 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 1, 2020 Report Share Posted June 1, 2020 Damn Thugs, you are really locked in. Are you tied to your chair with 3 gallons of coffee. 😝 😆 9 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted June 1, 2020 Report Share Posted June 1, 2020 30 minutes ago, Pitcher said: Damn Thugs, you are really locked in. Are you tied to your chair with 3 gallons of coffee. 😝 😆 For Some Reason - I Even Make Coffee Nervous ! 9 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted June 2, 2020 Report Share Posted June 2, 2020 24 minutes ago, DinarThug said: 56 minutes ago, Pitcher said: Damn Thugs, you are really locked in. Are you tied to your chair with 3 gallons of coffee. 😝 😆 For Some Reason - I Even Make Coffee Nervous ! Haha, you can sleep with my pit bull. He always sleeps under the bed. 5 Quote Link to comment Share on other sites More sharing options...
Thief Posted June 2, 2020 Report Share Posted June 2, 2020 2 hours ago, DinarThug said: Thief Has Beaten More 5-10 Year Sentences Than Prince Has Hit Records ! 😝😅 1 1 Quote Link to comment Share on other sites More sharing options...
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