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Friday Afternoon Opinions @ 4:10 PM CDT - 1/15/2021


ronscarpa
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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. :twothumbs:RON

 

 

*** Mnt Goat   STATUS OF REINSTATEMENT... There is not much to say about the reinstatement today. We know that when they pass the 2021 budget and then begin to spend it at a program rate, we will not see the reinstatement at the newly pegged rate as we have gone past the point of inclusion into the fiscal year of accounting. This is per Finance Committee and the Central Bank. Their words not mine..!

 

*** Texas Snake  ...WF Banker was able to share that I can almost spit over the finish line...I am more comfortable that we are a go very shortly.

 

*** Jeff  ...It's probably been two or three weeks.  This old article had talked about Iraq devaluing their currency from December 20th.  It stressed that the currency devaluation had to be short-term because it negatively impacts their economy and it does spike their inflation New Article:  "Parliamentary finance resolves the controversy and reveals the fate of the dollar exchange rate in the budget"  Quote:   "the central bank is the only body that has the authority and is able to change or return the exchange rate."  They're telling you that in this gentleman's opinions he believes they are going to increase the exchange rate or adjust it after the approval of the budget...they can't keep the currency devalued for too long.  I told you it was a 90-day preparation step and that it basically gave you the revaluation date...

 

*** NORV   [aka Kaperoni]  You wasting your time if you think the dinar will RV. Never happen and Iraq is broke. They are devaluing the dinar, not raising the value. It could take years before Iraq passes the laws and creates a suitable investment climate that they could raise the value. Not to mention they have over 40 trillion dinar outside the banks in Iraq know as "chunky" money...

 

 

:salute:

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I have been around here for a long time, and usually when Kaperoni says something is or isn't going to  happen I don't really pay attention.  In fact it is usually the opposite!  So, with all the other good things happening in Iraq, and Kaperoni saying it isn't going to happen, I am going to assume it is.  He hasn't been  right about anything yet, so let's go RV/RI!!! :soon:

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4 hours ago, NWGUY said:

I have been around here for a long time, and usually when Kaperoni says something is or isn't going to  happen I don't really pay attention.  In fact it is usually the opposite!  So, with all the other good things happening in Iraq, and Kaperoni saying it isn't going to happen, I am going to assume it is.  He hasn't been  right about anything yet, so let's go RV/RI!!! :soon:

 

 

Ohhhkey, and just who HAS been right about anything???????

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5 hours ago, PrehistoricMan said:

Just curious, how are you able to post on this board since it says you are a lopster?

That's a very good question. Somehow that was put on mt label and I can't find out how to get it off. I tried to cover it up with the "lobster" thing to indicate that i was NOT a lopster. Oh well, like the old caying goes,"sticks and stones......." ( Do people still know that saying or am I dating myself as an old fart?)

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11 hours ago, yendor said:

 

 

Ohhhkey, and just who HAS been right about anything???????

Kaperoni has an opinion.  My opinion is he is way off.  Follow Adam's theory, and it is has a lot more credibility.  While no one has hit the nail on the head yet, I believe Adam has the inside track on this.  At the end of the day, my money is on Adam!  :drunk:

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