Thursday's Opinions - 4/29/2021

[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  [Question: "Guru so and so said this is not a capital gains and we're not going to pay any taxes on it."] You need to run as fast as you can away from such ignorance.  Where have you ever seen that the United States IRS has allowed you to earn money and [said] "don't worry about it.  Forget about it.  You don't have to pay any taxes."  ...Obiden...he is going to hit you with personal taxes...he is going to devastate you...(NOTE: Consult your tax professionals about exchange rate and tax liabilities as it pertains to your unique situation at the appropriate time..)..

 

Pimpy Article: "A US warship fires warning shots after 3 Iranian Revolutionary Guard boats approach them in the Gulf" ...This is not good.  This is not what we want.  We hope this gets nipped in the butt soon...this will affect the currencies over there.  Who's going to want to invest in Iraq when Iran continually sends people over to shoot missiles, rocket launches, armed militia members, envoys being attacked.  So let's keep an eye on it all...we gotta take the good, the bad and the ugly in any kind of investment.  This doesn't look good.  It's not good.  But it's just a start we'll see if it escalates or if it dies down...

BobTheTaxMan  We are in a very unique position with our investment in the IQD.  First of all it's considered a very high risk situation because of the nature of that particular environment...yes this is a viable investment, it's definitely been a long-term investment for those who have been around like forever but it is a very viable option.  A very viable one...it truly is an investment.  And it truly is a viable investment.  History has already shown that..(Post 1 of 2).. 

BobTheTaxMan   If you look back at WWI, WWII, Korea.  You take a look at all the money that goes back in to rebuild these particular countries because they need to be for the stability of the region...So yes...they're trying to get out from underneath the dollar.  Well that makes total sense.  They want to have total control of the money that's coming off of their primary economic growing factor which is oil.  Well they're going to have to open up that market.  They're going to have to change things from where they're at.  All the steps are in place...(Post 2 of 2)..

 

Breitling  Questions  "What's the difference between a revaluation and a reinstatement?"  There is no difference.    The problem is people are...arguing on the value.  Well if they "reinstate it" they'll reinstate it to the highest rate it's ever been - $3.25.  That's not true.  So it means the same thing.  Don't get caught up on or have a debate with someone, 'Oh, there's going to revalue it or they're going to reinstate it.'  It's the same thing.  They are going to add value you guys.  They have to correct it so it's market driven...

 

Mnt Goat    So right now, keeping the dinar segregated within Iraq keeps the dinar low and will continue to keep it low. They must reinstate it and thus re-peg it to give it a new “rate”. The “value” is already high only not being fully realized and suppressed... 

 

 

[Fairways&Greens]

4 hours ago, ronscarpa said:

nipped in the butt

Sounds like the title of a late show on Cinemax. Pimpy, it’s “nipped in the bud”, meaning stopped before it grows and blossoms.  
 

 

[Fairways&Greens]

5 hours ago, ronscarpa said:

So let's keep an eye on it all

As if pacing back and forth wringing your hands and losing sleep accomplished anything.

 

CBI:  “holy ****, pimpy and his followers have their eye on this...we better move faster and pop this thing” 🙄

[3 bucks new rv rate]

5 hours ago, ronscarpa said:

Breitling  Questions  "What's the difference between a revaluation and a reinstatement?"  There is no difference.    The problem is people are...arguing on the value.  Well if they "reinstate it" they'll reinstate it to the highest rate it's ever been - $3.25.  That's not true.  So it means the same thing.  Don't get caught up on or have a debate with someone, 'Oh, there's going to revalue it or they're going to reinstate it.'  It's the same thing.  They are going to add value you guys.   
 

hey Breitling.  if a revaluation and a reinstatement are the same meaning, then did kuwaiti dinar revalue or reinstate or none of those?

[Bob]

Nipped in the butt is sorta like the Star Trek episode..."Fly around Uranus and pick off the Klingons!