Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Recommended Posts

Good Evening 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're simply stating their opinions based on what  they perceive to be happening in Iraq. :twothumbs:RON

 

 

*** Mnt Goat ***  I still hold to the FACTS that they are telling us the CBI is planning for an early January 2021 reinstatement of the dinar but again I am also saying that unless we begin to see some signs soon of the “project to delete the zeros” we can move on to another target. This project to delete the zeros is not something they will just do and not tell the citizens they are planning to do it. It will take time and much coordination. It may take a month or two to do. This is why, when the time comes, they cannot hide it from us. ...It will be in the daily written news from Iraq and something we can verify...

 

*** Delta ***  Article: "Iraq: the government is compelled to "delete the zeros" from the dinar currency ... more than "3 scenarios" are expected that will affect salaries and living"  THERE IT IS...VERY CLEAR NOW - AWESOME NEWS..! :twothumbs:

 

 

:tiphat:That's it for now. Be Blessed..!  RON

Edited by ronscarpa
  • Like 4
  • Thanks 1
  • Upvote 2
Link to post
Share on other sites
4 minutes ago, GregHi said:

I feel the opposite of the mtn goat.. The RV will be coordinated behind the scenes but nobody will know about it.. it will just be sprung on everyone... JMO 

Agreed! 100% they are not going to telegraph intentions. We will hear about it after the fact

  • Thanks 1
  • Upvote 6
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By ronscarpa
      Good Afternoon DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON
       
       
      *** Petra  I've been so high on this that I have to look down to see heaven. I'm so excited to see what's going on...the white paper detail...it clearly delineates the future for Iraq.  And it's that plan that all does not happen without the change in the rate...it's an exciting time for all of us to consider where we're at with this investment.  I'm very excited to be where we're at right now from a pure logic perspective...

       
      *** Jeff  ...about 2 months ago Iraq came out telling us that oil above $40 a barrel does cover their government operating expenses...Iraq can actually produce oil for about $10.70 per barrel.  That was just 5 years ago.  I doubt they're even above $15 at this point.  Iraq can literally extract a barrel of oil for $15 a barrel.  So anything above $15 is pure cash profit...  Article "Brent barrel is at the highest level since March 2020".  Brent oil was trading at $46.48.  Brent oil is getting positioned to be able to fund Iraq's 2021 budget...

       
      *** Frank26 ...the white papers do have the exchange rate.  But there's something else that Guru Walkingstick and I have been saying also has the new rate in it...the 2021 budget...the 2021 budget is mainly for parliament...And the white papers are for the international world.  And both of them in my opinion contain the rate...The outside world - international investors - they get to see what the BIS is showing them.  And that would be the white papers.  The rate I believe is in both of these and they're being shown to the appropriate people...
       
       

    • By ronscarpa
      Good Morning DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON
       
       
      *** Petra   BIS is the Bank of International Settlement.  They're the central bank of all central banks.  It is the lead bank in the world.  Their responsibility is to distribute the currency rates around the world to all the central banks...they work very tightly with the IMF and the World Bank.  They are also involved in investing.  I hope you all caught that article from Thursday or Friday highlighting their interest in Iraq.  The big question one has to ask is - Why would the BIS be interested in investing in Iraq that is currency under Article 14 because they have not change their currency rate?

       
      *** BGG  ...opinion. Everyone has one. Uhhhhhhh… but did anyone mention to Kaperoni that Iraq is in the news DAILY about “converting” to a “market economy” – they want to be included in the world market.  [Reference Kaperoni 11-23-2020]

       
      *** Mnt Goat  Article: "15 countries sign the world's largest trade agreement" Quote: "I am delighted to say that after eight years of hard work, as of today, we have officially reached the Regional Comprehensive Economic Partnership negotiations with a signature conclusion," said Vietnamese Prime Minister Noyn Chuan Phuc."  So, what is the likelihood of the Dong going through a revaluation do to this agreement? Remember it is already trading on FOREX. Pay attention to what is going on and be ready!
       
       

    • By ronscarpa
      Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON
       
       
      *** MilitiaMan   Article:  "The Finance Committee sets the red lines available to the government to finance the deficit: borrowing...withholding salaries or printing a currency?" Quote:  "the deduction and the reduction of the exchange rate against the dollar are among the red lines..."   There it is again...The reduction of the EXCHANGE RATE TO THE DOLLAR!!  1000 less three zeros,  1/1..?  ...they are not going to do deductions to salaries with out increasing their purchasing power, imo. This is the second article in 24 hours along the lines of reduction of the exchange rate, i.e., deletion of the zeros...They reduce the exchange rate and those that have foreign reserves are going to get a massive boost in value.  The citizens will get purchase power. It is a win win all around...imo.

       
      *** Kaperoni   Doesn't matter how bad the conditions get in Iraq, there is no RV.   Not how monetary policy works. The only way the dinar can rise is if Iraq creates the conditions, passes the laws and gets foreign investment to come in and create a private sector. In other words, unless they diversify, build a growing economy the dinar will do nothing. There is no magic wand.

       
      *** MilitiaMan   Article Quote:  “It is noteworthy that a member of the Parliamentary Finance Committee, Jamal Cougar, said today, Sunday, that the government would resort to reducing employee salaries allocations, in light of the ongoing financial crisis, and the government will also resort to activating collection, taxes and direct deduction from the currency auction.”   Reducing salary allocations means they are to be adjusting the exchange rate...Reducing the 000s from the exchange rate means effectively having to pay less currency as the value of it is greater!! Imo . Again, they are not going to tax at a program rate!! Imo

       
      *** Jeff  ...There's a very good chance that we will most likely see the rate change during this 2020 Iraq fiscal period...because they got the borrowing law.  That was money needed to fund the reforms in their budget...that's really good news that we saw Iraq do the borrowing law.  The borrowing law simply means they can change at any time...

       
      *** Pimpy   ...always ask yourself what are the odds of them allowing people to know in advance that a rate change is about to happen?  It would cause a tsunami of people, speculators, running over there and trying to grab more dinar and causing more problems for Iraq...

       
      *** MilitiaMan  Article:  "Deleting 3 zeros from the currency...Parliamentary finance is suspended and determines the size of the cost and the economic effects "   ...I look at this article as being another fair warning of the change that is to come...not only are they thinking about the deletion of the zeros, it has been in the works for many years now and is about to be launched. imo...They...what the focus is.  It is actually deleting three zeros from the exchange rate, which reduces the number (as they show) from 1000 to 1, which then begets 1/1 and with that comes great purchasing power...imo...
       
       
      That's All for today folks...Be Blessed..!  RON
    • By ronscarpa
      Good Evening DV, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON
       
       
      *** Pimpy  Article: "Private banks announce support for central bank reforms to develop the Iraqi economy"  the banks are happy about the reform papers...you were told that the rate change is in these papers.  We know they told us that the DISCUSSION of the rate change is in the papers.  Are they going to announce anything?  I don't know.  But there' is nothing out there that says that once these are implemented that the rate change would be part of it.  All we know it that they told us that they would discuss it.  That means the rate change can happen at any time when you least expect it. 

       
      *** Jeff  Iraq is talking from their butt on this.  Half the crap they tell you is not even true...let's back up to last year...they didn't change the rate...but...on March 21st of last year they told you...they had full intentional of increasing their exchange rate...then through the middle of last year they put out a crap-load of articles talking about coins and how coins could only be released based on the parameters that they increase the exchange rate...so they give us all this information last year suggesting they have full intentions of increasing their exchange rate.  Then they don't. And then this year all they put out are these articles talking about physically lopping the currency.  They're just screwing with your head.  You can't take these articles serious.  All they've done is pumping BS to you.  These articles are complete lies.

       
      *** Mnt Goat   Will other currencies RV along with the reinstatement of the Iraqi dinar?  I have never discounted any other currency from also RVing along with the reinstatement, as this might also be a good time to do them. But the one thing that I hate the most is this talk about a “planned” GCR (global currency reset). There is no such thing as a GCR going to happen and there never was...

       
      *** MilitiaMan  Yesterday Iraq Finance Minister is given the green light to negotiate with AYSCUDA. The negotiations would have to be with information that would need to have been obtained from the CBI to negotiate Iraq's procedures to get up to international standards as that is expected of a Country that to be a modern market economy.. The BIS may be our icing on the cake. Imo IT IS!!!  [ASYCUDA provides the core software and related expertise to create an efficient and effective environment for the management of Customs operations"]

       
      *** Pimpy  ...one of the rumors that I seen flying around was Al-Kazemi has secretly spoke with President Trump and he said once he landed into Iraq he was going to go ahead and implement the rate change.  Here's the thing when it comes to this rate change.  They're not going to announce it...they're not going to tell anybody.  They just do the rate change...you'll just wake up one day and a rate change will be done.  That's how it's going to work.  Somebody will spot it first [Blanche @ www.another site.com ]  they'll start spreading it.  People will find out.  It'll spread like wildfire.  Then you'll know it's done...
       
       
      *** Jeff   Article:   "The government intends to "peek" parliament...Alternative solution to "rejecting internal borrowing" in the 2021 budget: resorting to citizens' money!"  ...a very good article...I keep trying to tell you guys they've got to have the rate changed before they can really even start the approval and creation process of that '21 budget...this has 21 budget post rate change written all over it...
       
       

    • By ronscarpa
      Good Afternoon DV, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON
       
      *** Jeff *** Iraq can only change their rate over a weekend.  Not on weekdays.  Iraq will only change their rate on what is their Sunday morning.  I'm not saying this Sunday morning I'm saying on a random Sunday morning...

       
      *** Mnt Goat *** Article: "A NEW REFORM PAPER FROM PARLIAMENT...TO BE COMBINED WITH THE WHITE PAPER"  Quote: "The circumstances of the financial crisis and the collapse of oil prices in global markets and the repercussions of the Corona virus pandemic prompted Mustafa Al-Kazemi's government to review the financial policy in Iraq in order to overcome the financial distress threatening the Iraqi economy."   ... Iraq has had plenty of opportunity to reform their economy way before the corona virus and a drop in oil prices stuck. The heart of the problem is corruption. I will say it again – Iraq will not revise their economy unless they address the corruption and all those involved...
       
      That's it for today folks ... Be Blessed..!  RON
  • Testing the Rocker Badge!

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.