Saturday Afternoon Opinions @ 3:53 PM CDT - 8/15/2020

[ronscarpa]

Good Afternoon Dinar Vets, here's a few 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

 

 

*** Mnt Goat  ...I have been told many times by the CBI itself they will continue to educate the citizens on this process as it moves ahead. To this day we have not heard any such education happening. It has been years since they educated them on the process and they will need to re-educate. 

 

*** Footforward   [Q? : so what all could Iraq be waiting for? Everything I thought has happened for it to go already.]  It could have probably gone already a few times. From what I'm being told there is still a bit of cleaning up to do in terms of Iranian influence. 

 

*** Breitling   What's great...is I'm not getting emails from people anymore that they're worried about this happening.  Now people are of the mindset of 'how is this going to happen'.  That makes me happy.  It truly does.  It makes me very very happy. 

 

*** Kaperoni   I believe there are two possible end results for the Iraqi dinar. The first, or the easy way is for them to LOP or re-denominate.  The other option, and I would hope that this would be the direction that they would go is to float the currency as Iraq's economy begins to succeed. There is no 3rd option or RV option. There is simply too much currency in circulation for them to significantly overnight RV.  Hopefully Iraq will pass the necessary laws to create a suitable investment climate for foreign investors to come in and build a strong market economy private sector. Doing so would create the conditions for the central bank to get off the peg that they are currently on and Float the currency allowing it to gradually appreciate based on sound monetary principles of supply and demand. (post 1 of 2....Reposted for continuity)..

*** Kaperoni  This option of floating the currency is also the directive that the IMF gave the central bank in 2013. Which is documented in the IMF Article IV Consultation with Iraq.  Despite everyone wanting to see a significant overnight RV, that's simply will not happen and is foolish to even consider. You cannot arbitrarily change the rate and expect the world financial system to accept it.  Appreciation of the exchange rate based on Iraq's economy would be the most successful and appropriate way to represent Iraq's growth and success. (post 2 of 2)..

 

[Pitcher]

22 minutes ago, ronscarpa said:

the direction that they would go is to float the currency as Iraq's economy begins to succeed

 

Thanks Ron.  Always entertaining.  

 

Floating seems like it would be easy but,

 

IT’S NOT AS EASY AS IT LOOKS.  

 

Besides do Iraqi’s even know how to swim.  

 

 

 

 

[Pitcher]

Since I’m talking about clowns I was about to put out a bolo on Thugs until,

 

I found out he’s upstate giving dancing lessons for some extra cash.

 

[ronscarpa]

1 hour ago, Pitcher said:

Thanks Ron.  Always entertaining.  

Floating seems like it would be easy but, IT’S NOT AS EASY AS IT LOOKS.  Besides do Iraqi’s even know how to swim.?  

 

 

 

58 minutes ago, Pitcher said:

Since I’m talking about clowns I was about to put out a bolo on Thugs until,

I found out he’s upstate giving dancing lessons for some extra cash.

 

Pitcher ... you're the best..! How do you find these gems.? RON

[Pitcher]

3 hours ago, ronscarpa said:

Pitcher ... you're the best..! How do you find these gems.? RON

 

Hahahahaha.  I’m sorry to kidnap your reports Ron but I like to laugh.  Those Guru’s make it  too easy.  I miss Thugs. He’s the BEST.  Guy cracks me up.  

 

Excuse me, my cat just bit me in the butt.  What a prankster. 

 

 

 

 

 

 

 

[Heavyduty053]

You guys ever notice that Kaperoni is always about the negative side of this thing. Seems like everything he post is negative

 

[yendor]

4 hours ago, Heavyduty053 said:

You guys ever notice that Kaperoni is always about the negative side of this thing. Seems like everything he post is negative

 

 

His is just an opinion and you know what they say about opinions............ everyone has one. Remember what Ron says and it is great advice to follow:

 

Remember, no one really knows what will happen, or when.