Tuesday Morning Opinions @ 11:20 AM CDT - 6/30/2020

[ronscarpa]

Good Morning Dinar Vets, here's opinions & comments by Breitling & Jeff 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

 

 

*** Breitling   ...There's two options on the table.  To withdraw from the reserve or to add value to the currency.  That's the main debate going on. So some of these guys in parliament are are like, 'let me get this straight, so if it's not $66 per barrel [oil] we're getting our asses kicked financially domestically inside of Iraq.  But if we add value to our currency not only do we get to keep our reserve but if we get it high enough we can pay all of our salaries?  There's actually a debate on whether we are going to use our reserve or add value to our currency?'  That's how ridiculous it is...

 

*** Jeff  ...the reason the rate hasn't changed is because the U.S. is requiring them to have stability.  The stability for Iraq means them being able to work together and getting things done together.  Since the beginning of last year they have not been able to form a government revealing to the world that they're not able to work together.  Right now they still have to finish what's IMO the two items...the rate change is waiting on - would be these "special grades".  The independent bodies is for the formation of the government.  One of these as an example would be the Central Bank Governor.  That's why his proxy term is only right now valid through July 15th.  That's when he's out.  The other item is the oil/budget numbers agreement between Kurdistan and Baghdad...both are now very close to being done within the next two weeks...

 

Here we go again...!
 

Edited June 30, 2020 by ronscarpa

[ChuckFinley]

Thanks Ron. 

[gregp]

Not so Merry go round.