Wedesday Afternoon Opinions @ 2:45 PM CDT - 4/06/2022

[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 Can actions of Russia help increase the exchange rate of the Iraqi dinar?  Oh yeah it could!  It absolutely could bring the rate back to where it was in the past...What did Russia do that could help Iraq increase the value of the Iraqi dinar?  They moved into the gold standard...through the sale of their oil...  Article:  "Russia sets fixed gold price as it restarts official bullion purchases"  What does this mean?    [post 1 of 3....stay tuned]

***  Pimpy  ...You cannot buy Russian oil unless you use the Russian ruble.  Right now around the world they use...the Petrodollar.  In other words the United States dollar.  Russia and China had already agreed to start doing trade in their own currencies.  Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks...these people are...moving us back into the gold standard...that's going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil.  So what does that have to do with the Iraqi dinar?  [post 2 of 3....stay tuned]

***  Pimpy  ...What Iraq and OPEC should do is the same thing...We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost.  What do you think is going to happen to the currency now that's it's moved into the gold standard?  It's only going to get stronger...if you force people to buy the oil using...the Iraqi dinar then it's going to increase the purchasing power of the Iraqi dinar.  It's going to make it a stronger currency because more gold is coming in, more people are forced to use the currency - think supply and demand.  Demand for the Iraqi dinar would increase big time...they should follow in the footsteps of what Russia is doing.  [Post 3 of 3]

 

*** Mnt Goat  You can clearly see on the chart below what the rate of the IQD was in 1972. Today Iraq’s economy is actually much better and pumping more oil now than in 1972. The price of oil is also staying at records high today while in 1972 oil was very low. This article only gives us yet more proof that the rate of the IQD is being artificially manipulated.

 

 

 

[davis411]

Thanks ron

 

After reading I remembered to pop a pimpy that I got 

[screwball]

within the next few months you will see china, iran, sauda arabia etc step away from YSD...collapse of petro dollar system gas begun

[goldwinger57]

Pimply sure has a lot of time on his hands to come up with that much crap