Wednesday Midnight Opinions - PDT - 8/04/2021

[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  Iraq right now is on a mission with its monetary reform to de-peg from the American dollar.  They want to stay on par with the American dollar.  But they're ready to de-peg, stay on par, go into the international theater and let the value of the Iraqi dinar go up outside of their borders in the international markets...IMO the CBI and Kazemi are not going to wait much longer.

 

** Pimpy  Article: "A new statement from the US administration about repealing the Iraq War Authorization Act of 2002"  We already know this.  Biden already said it, did it, it's done.  We're moving out the troops.  All is good.    

 

** Militiaman  One of the key components of an exchange rate is going to be, what was it priced at?  They tell us in the past a price that was quite 'popular'.  I'm not one to think that 1166 or 1182 or 1190 or 1460 is or was ever 'popular'...but what's popular?  If none of those are popular we can safely presume that something prior to that...quote "restoring the exchange of the dollar against the dinar to its previous price is a popular demand by all the people."  They know their history.  If we're going to go back to when we had purchasing power it's obviously not 1190 because they were looking for purchasing power while they were at 1190.  So it's pretty good.