Friday Early Morning Opinions @ 8:30 AM CDT - 8/14/2020

[ronscarpa]

Good Morning Dinar Vets, here's an opinion & comment by Jeff & Mtn Goat 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

 

 

*** Jeff *** ...The Trump Administration are the only ones in control of the timing of the rate change...the dinar is an asset to the U.S. dollar...in other words maybe we're transitioning the U.S. dollar to become asset backed has to be timed with Iraq's rate change.  Because the dinar cannot be and will not be an asset to the dollar until the dinar itself has value...it's all about the timing...

 

*** Mnt Goat ***  So, we all know as investors that these currency auctions must end in order to bring economic stability and investors to Iraq. This concept is an integral part of the financial reform process they are talking about in other parts of today’s articles section. Al Kazemi is slow to react to so what is needed and they have given him 100 days to work this out.  Article:  "STATE OF LAW: EVALUATING THE WORK OF THE KAZEMI GOVERNMENT IN 100 DAYS: ITS STEPS ARE SLOW"   I quote from the article –“ WE INDICATE THAT IT IS STILL TAKING SLOW STEPS INCONSISTENT WITH THE CURRENT SITUATION, and SO FAR THERE IS NO CLEAR AND TANGIBLE VISION TO REFORM THE FINANCIAL SYSTEM."

 

Edited August 14, 2020 by ronscarpa