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Thursday Night Opinions @ 9:55 PM CDT - 4/15/2021

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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 


*** Walkingstick & Frank26 *** It [the Iraqi dinar] is going to shoot up way past its REER...Supply and demand on the dinar is going to explode in a nuclear fashion that's why it's going to climb fast for the REER internationally.  That's why I've told you you gotta know when to hold'm and when to fold'm.  You've got to pay close attention.  You should not run to the bank IMO.  You should walk to it.  Personally, I'm gonna sit back like a silver back gorilla.  I'm gonna sit back on the biggest mountain I can and watch everybody.  They'll be mistakes made and I'm going to learn from them...

*** Petra *** Anchor in what you know. What do we absolutely know?  1.  We know the budget was approved on 3-31-21.  That's a fact.  2. We know that the new budget hasn't been entered in the gazette.  3.  Has the rate change been shown on the CBI?  No.  4.  Are there billions on the sidelines...private investors and companies waiting to enter into Iraq?  Yes.  IMO the frustration of folks comes when trying to figure out a date. Can anyone influence the launch of the reforms or influence the date of the reinstatement in the public realm No...They cannot survive at the current program rate.  Nor will it come out at the program rate because the math just doesn't work.  Anchor in what we do know - that they have told us it is coming.  We just don't know when.  Stay the course.  Anchor in know that it is coming and relax.  You're not going to miss it.


*** Frank26 *** There's still one or two who still don't understand...Phase One:  1 to 1 rate - inside of Iraq & outside of Iraq.  There's a date they've established when they want to come out with the one-to-one rate inside of Iraq and outside of Iraq.  Phase Two:  Okay we've raised the value to 1 to 1, citizens are now coming in to the banks in Iraq...that's the only way they're going to get the new small category notes...When I told you Phase One and Phase Two IMO are complete one or two said  'Where is it?  I don't see it...You're lying Frank.  You're misleading us.' ...Phase 1 & 2 IMO are complete...about to be's electronic.  It's digital.  That means you can't see it just yet.  But you know you're gonna see it...(Post 1 of 2).. 

*** Frank26 ***  Phase Three I told you it was going to be a float...the article...said yeah we're [CBI} going to float it.  You can't float it domestically.  No it'll be fixed.  That's exactly what we told you.  That's exactly what they said...the only reason you're going to float it outside is because you raise the value inside.  Bam! ...why haven't you floated it in the last 17/18 years?  Because we're at a program rate...Why are you telling everybody you're gonna float Because we're article 8.  We've raised the value of our currency.  We're about to show it all...(Post 2 of 2).. 



*** Pimpy *** Article: "A Significant increase in dollar action sales to the Central Bank of Iraq"  People always get these confused.  They think they're selling dinar.  That's not what's in the auctions.  The US dollar is what they're selling.  What's happening is they get paid all the time for the oil in the petrodollar - they're US dollars.  They turn around and deposit into banks and the bank decide how many of them they want to keep... and they send over [the rest] to the CBI to auction off the money.  So when you see them sending more and more U.S. dollars it means they have more and more confidence in their own currency.  This is a good sign...we like to see it.  Continue to sell the US dollars and strengthen your own currency...

*** Mnt Goat *** Article: "ADJUSTMENT TO THE EXCHANGE RATEQuote: "...which is likely to adopt the method of “managed float” in the next step in conjunction with the increase of central reserves,..." this...verifies everything I have been saying all along... I talked about first the project to delete the zeros accompanied with an in-country revaluation to around 1:1, then a reinstatement on a managed float, pegged to a basket of currencies. But first right now they have to increase the CBI reserves, as Dr Shabibi did and was then were ready to go in 2012. What was the reserves back then? In 2012 it was around 90 billion. Just recently al-Kazemi announced the reserves were around 60 billion. So we can see it might take another 2 years (as the CBI just predicted) to reach the goal needed to go to the next step.




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1 hour ago, lmb4321 said:

That's why they are called "Guru's" Prehistoric Man....Cuz they have no idea what's going on....



They've said this same garbage year after year after year !!!!!

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    • By ronscarpa
      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 

      *** Frank26 *** There are people [bank personnel in the United States larger banks] well educated about the Iraqi dinar.  They've been taught.  They've been schooled.  They've received memos from the CBI and the BIS. They know very well.  They see it [Iraqi dinar] on their screen.  They recognize it and it says right now it is not to be dealt with.  There are sidebar notes that tell them prepare yourselves banks.  And the banks have prepared themselves...all of them know, 'yeah, we'll be able to exchange the Iraqi dinar' whereas before it was 'nope, it's a scam.'  Because there was no information.  No knowledge...a lot of people are starting to find out now because they're going to their banks [larger ones]...

      *** Holly *** Rv News: Iraq’s budget is to be printed in the gazette today, Saturday, and we are looking for that. No news out of Iraq yet. I am not sure what time they publish the gazette. There are a lot of people that seem to think the budget will be published at the new rate. I actually don't believe that is what will happen. I think they will apply the new rate to the budget once it is announced and if needed have an addendum or supplemental budget to make any other changes. We are so close everyone. I do not want to put dates or anything out but we are so close. Yes I know, we have heard that before. Yes but Iraq has never gotten this far and now it is proof where we are. They can not not hold this back anymore.
      *** Frank26 *** The 50,000 dinar note...this is the state of the art currency.  There are so many protective feature on this currency.  Not even the United States dollar comes close to it...if ever terrorist get ahold of this money boy will they be able to be found quickly...Why would the IMF go thought so much trouble with the CBI to create the state-of-the-art currency for a program rate?  Well they wouldn't...Why the change?  I think you know why...
      Not much today...Blessings... RON
    • By ronscarpa
      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: "The president of the Republic approves the 2021 budget and returns it to the government to implement it, starting tomorrow"  Yay - finally it's been ratified.  No rate change was in there unfortunately.  We'd love to see one...congrats - the budget is done...this is great. This is what we want to see...these are big steps in the right direction...

      *** Frank26 *** Allawi Video Quote: "We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at straightening the Iraqi economy." ...amen, glory hallelujah, praise God..! ...this is it right here. 
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    • By ronscarpa
      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  Guess who's coming to Iraq in a couple days?  Barzani the head of Kurdistan...his deal is done.  He got his 13.97% which is a lot more than I thought he was going to get...he's coming to town.  Why would he be coming to town?  It's not to negotiate some more for his contract.  He's got it.  It's signed.  It's done...the makes a lot of sense.  

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      *** Petra  This is the endgame.  This is what we've been waiting for...once that thing [the 2021 passed budget] is signed that is game's gonna be the last second and they'll release the parade.  But they are officially on the clock so that's the good news.  It's getting sweeter and sweeter every day because every day we're getting closer and closer to what we're waiting for.  So yeah all very very exciting...

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    • By ronscarpa
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      *** Jeff *** Anyone who put their primary focus on the budget fell right into their trap and was played for a fool. Article: "Parliament votes on the 2021 budget bill in full" Remember I told you the rate wasn't going to change.  It was going to stay exactly where it was at?  Article: "parliament votes on the first article and fixing the dollar exchange rate"...they've adopted the exchange rate of 1450 per dollar...Article:  "The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar"  that's a stability step.  That's good...but...they have no intentions of changing the rate anytime soon.

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    • By ronscarpa
      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
      *** Footforward *** [Q?...IS THE CBI DOWN..?.]  CBI has been down a lot, plus it's a Friday. They will never RV on a Friday. ...These people are way too religious to dare ignore Allah on a Friday and work. ...Now watch. The dinar rate won't be in the budget and many people will sell their dinar...I'm not saying we are far off.  I'm saying don't be surprised if the new rate isn't in the budget...

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