ronscarpa Posted December 30, 2020 Report Share Posted December 30, 2020 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 Pimpy Article: "Parliamentary Finance: This is the date for the budget debate session" According to the constitution the cabinet members look at a budget. They pass the budget and then it goes to the House of Representative where technically they're supposed to be some type of 90-day thing and you're supposed to have 3 readings in there so any changes gets done. But it seems to me that that part of it's being bypassed...They want to try to get this passed before the end of the year. That's not many more days...we'll see if this gets accomplished. Mark Iraq is shutting down a lot of oil and energy to Iran. They are still positioned for it… Kuwait, Jordan and a number of countries over there have shut down their borders in preparation for something. They are checking the amount of currencies you have at the borders...things are happening in the middle east we just do not know the timing at this point. [Q? : why is Iraq closing its borders?] Preparation…we saw Kuwait did the same thing before its RV. I think they are preparing to change its value in a meaningful, significant way. Adam Montana Article quote: "The legislative procedures to complete the federal budget law may take from 20-30 days, and that the council will begin the first reading of the draft law early next January." 2021 Budget. 20-30 days - this means January for completion (probability: good, for once!) Taken from another site that posts snippets from Adams chats. See his full chat at: Adam Montana 30 December 2021 Breitling If you look at the Saddam Hussein era the currency was worth $3.25 cents...How many people were buying Iraq's energy? It was a lot but it's not as much as it is today...$3.25 with less customers! You understand what Iraq can do...Iraq needs to sell energy through the U.S. dollar and at the same time add value to their currency. Those are different markets. They have to add value to their currency as a policy so they can create the markets...If you look at it through that direction it's crystal clear..(Post 1 of 2).. Breitling This last year they kept talking about adding value to their currency and complying with what Trump's trying to do...the next thing you know they devalue it. What are they doing? They're trying to negotiate because they're on the edge of doing this. They want to devalue their currency so they can pay off debt - get the payments down...then they're going to start adding value to their currency. Iraq needs to get out from under the U.S. dollar... adding value to their currency there's more than one path...it's very simple. It's a policy based investment..(Post 2 of 2).. Kaperoni Changing the exchange rate has reduced demand on dollars. This is the result of a 22% reduction of the dinar exchange rate which made the dollars cost 20% more in Iraq...No kidding Sherlock...! Frank26 Did you see the IMF say 'This reduction of purchasing power of the Iraq dinar this is a permanent thing'? Did you hear them say that? [No..!]. But yet all of a sudden we go from 1450 to 1600 to 1650, good God I bet you anything we go even more. Anything to mess you up. That's the purpose. That's what's supposed to happen right now. And for you to fall for it? No, that's not right...keep a constant state of suspicious alertness...we're so close to the apex. We're so close to conquering this mountain...whatever you do, don't fall down the hill. Do not get discouraged. It's very clear IMO what they're doing...Where in the world does Frank and others see 1600-1650..? It's no-where to be found on the CBI website, although several have speculated it could go there. 1 7 5 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted December 30, 2020 Report Share Posted December 30, 2020 Thanks Ron, keeping the faith brother 🙏 2 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
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.