Friday Noontime Opinions @ 12:10 PM CDT - 10/08/2021

[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  

** Pimpy  There's definitely an interesting move that started today and to most people it might not look like such a big deal but for the dinar investors it is kind of a big deal...looks like we [US military] are now starting the process of withdrawing out of Iraq.  Why is that a big deal?  Iraq is about to get their sovereignty back...that is a huge step towards Iraq becoming a sovereign nation...it looks to me like they're doing all the right things in order to do a proper RI or RV...I'm feeling very good about this.  Feeling very happy...

 

 

** Vital Brad   [Q? : What's happening on the 17th?  What is going on?] Something is happening October 17th.  Whether it's the revaluation or not ...don't be alarmed by nothing breaking, because they aren't able to announce this publicly if it was.

** Mnt Goat  The CBI has given no indication of an imminent RV as they have to first do the project to delete the zeros. ...they need to increase the note supply but not the money supply. ...They are SLOWLY converting the currency over [to lower denominations] ...They will NOT just pop out a rate back on FOREX until the do the project to delete the zeros first. It just won’t work that way. (post 1 of 2).. 

** Mnt Goat  ...They are carefully getting the larger three zero notes out of circulation but still must maintain the currency levels necessary to support the economy...Just so you know the CBI said they refer to the newer lower denominations, that we want, as the “smaller of the lower denominations”.   So, lets watch and see what they do next. It is October already and I suspect they will launch the project to delete the zeros between now and December. (post 2 of 2)..

 

 

Edited October 8, 2021 by ronscarpa