Wednesday Afternoon Opinions @ 5:10 PM CDT - 6/17/2020

[ronscarpa]

Good Afternoon Dinar Vets, here's other opinions & comments that might be of interest to you.  Remember, no one really knows what will happen, or when. They are simply stating their opinions based on what they perceive to be happening in Iraq.   RON

 

**** Adam Montana   Yes, I'm a bit excited...  OIL - Oil is a big deal. WTI is stable at just under $40. The previous Iraqi Budget was published at an expected rate higher than $40, and throughout 2019 the price of Oil never quite hit the mark they established for it, yet Iraq was able to sustain operations even at the lower price. Even more impressive is the fact that when Oil went to negative rates recently, Iraq didn't crumble. They survived. And even more impressive than that is...  Article:  "Is OPEC’s No.2 Finally Complying With Output Cuts?"  Quote:  "OPEC’s second-largest producer, Iraq, which also happens to be the least compliant member of OPEC+ since the group started managing supply to the market in 2017, may have finally started taking its obligations seriously."   Oil, and Iraq, is on the move...(post 1 of 2)... 

 

**** Adam Montana   The OPEC production cut agreement has made a significant impact on oil and it's place in the world economy. Or, you could say the world economy and the price of oil - they are intertwined. As we move forward in 2020, this is a significant factor in Iraq's ability to increase the value of their financial tools... and we are on the right path.  ...Kazzamie is kicking butt. Seriously - I have a list of over a dozen articles that I love from just the last few days. The only thing we are missing right now is the HCL.  And even that "smells" close...(post 2 of 2)... 

Taken from another site that follows Adam's Opinions and posts snippets from them. You can see Adam's full chat at: Adam Montana Weekly 17 June 2020 

 

**** MilitiaMan   They just told us the other day that a POSITIVE SHOCK was coming to the citizens and foreigners (that's us). That was in respect to the their currency, imo...  Raising the value of the currency will benefit the locals and us outside investors.  Now they are telling the citizens that a surprise is coming to their value of the Central Bank, i.e., their currency is to have new value. Their currency auction window is where it will be reflected. The surprise is a rate change to come... A surprise is a good thing. A Positive Shock is a good thing...they (last night) started telling them on TV that surprise was coming then they published it in writing...They will have to move fast now...WOW..!! 

 

**** Pimpy  ...there's a lot happening still now but what it all comes down to is this - taking the steps necessary to rebuild Iraq.  Make sure they're an independent sovereign nation all over again with an internationally recognized currency that is traded on the Forex...