Sunday Night Opinions @ 11:20 PM CST - 11/05/2021

[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  [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY: We now see the special commercial.  It's on TV. We're watching it right now.  They're saying that the currency of Iraq is tomorrow's future...They say the special will run through the weekend.  It's at 9pm Iraqi time.  It's a 1 hour show... FRANK: IMO that means you are just a matter of moments away before they show you what they are talking to you about... FIREFLY: This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022.  Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country's currency..[Post 1 of 2].

 

** Frank26  [Firefly boots-on-the-ground Iraqi TV continued]  FRANK:...IMO they have to show you what they're going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you.  They can't just give these new currency note in your hands because you guys will not fully understand.  It must not fail with you.  Once that step has been accomplished they will show a new exchange rate.  IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st..[Post 2 of 2].

 

** BobTheTaxMan  We're going to take an example.  Let's say the announcement came from the CBI...with an anticipated rate of .50 cents...So you take your 10 million IQD and you rush off to the bank and you exchange it for $5 Million dollars.  Yippie!  Your IQD investment finally paid off...you go home petting your precious money fantasizing over what you are going to spend it on...the lifestyle you have dreamed of is in reach.  The house, the car, the vacation, the toys they all appear and your long dreamed of funds begin to disappear.  Now all the money is spent...whatever you set in payments is still there draining your income and your income cannot continue to support the lifestyle your fantasies created.  Then comes a letter... [Post 1 of 2].

**  BobTheTaxMan  ...a letter from the IRS you are now owing them 40% of your 5 million dollars which is approximately $2 million dollars.  And then the state comes knocking saying 'hey you owe them also'.  The dreams of a lavish lifestyle suddenly turn into a financial horror story because you have payments to the IRS and to the state which are freaking impossible.  The debts begin to take a toll on your life and your relationships are challenged maybe even broken.  Your financial security is completely destroyed and everything you thought the IQD investment would be is now a legacy of pain and guilt.  Now, let's take another look at the same scenario but with planning and preparation for the anticipated IQD revaluation. [TO BE CONTINUED...]..[Post 2 of 2].

 

** Sandy Ingram  Article: "Central Bank of Iraq governor meets with head of Turkey's banking licensing and supervision authority" This is happening...The Central Bank of Iraq setting up bank branches in Turkey. This was good news because it means investors possibly can visit a safe country in which to exchange Iraqi dinars and/or open a banking account and set up possibly 4% interest rate...

 

** Pimpy  There is a lot of positive things working in Iraq.  We know these things.  We know the early elections took place and the government is being formed.  We know over the last year and a half Al-Kazemi appears to be the real deal Holyfield.  He's been doing everything he could to get the corruption weaved out the the government- doing what he could to develop the private sector...so their budget isn't reliant on oil sales...they're finding new oil and oil fields.  They're working on moving quickly through the WTO.  They're doing what they can to remove themselves off the blacklist...we know our troops are getting ready to leave restoring the sovereignty of Iraq.  We know that their debt is almost paid off with Kuwait for invading them.  All these things are big...steps necessary to get to the revaluation of the dinar.

 

** Frank26  Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq"  What are you putting in there? Quote: "...amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year."  Dude you just gave the mathematical formula!  That would be $3.61!  About an hour after this news agency...resent it without that information in the translation.  Was it a mistake - don't pay attention to that?  Or was it a mistake - I can't believe you did that!  Get rid of that!  Release the next article without that information!?  Honestly I don't know...IMO Kuwait is being paid off for a reason right now.  It is part of the agreement for Iraq to lift the value of their currency... The rate of Kuwait is around $3.32...I don't know if it's an honest mistake but the calculations are fascinating.

 

 

[cjdavid]

Thanks Ron. Lots to ponder!