Echoes of Kuwait & China - Tuesday Early Morning Opinions @ 8:33 AM CDT - 7/05/2022

ronscarpa · July 5, 2022

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

*** Mark The news is all over the place coming out of Iraq. Which is exactly what we saw in Kuwait and exactly what we saw in China during their last revaluation. This is exactly what we expected to start seeing. Article: “The Central Bank of Iraq: The exchange rate cannot be changed and this is the size of the gold and currency reserves” They talk about how great things are over there and then they deny these rumors…They have to deny these rumors. This is their job. This is compartmentalized. They are doing their best to suck as much dinar off the streets as they can here at the end. [post 1 of 2]

*** Mark Article: “Iraqi central bank denies rumors of change to dinar-dollar rate” We knew we would start seeing this close to the end. They try to cloud the information. Nothing would make them happier than for all of you guys to give up and sell your dinar back to a dealer. That would make their day. So right now they are doing exactly what we expected them to do in the final days. [post 2 of 2]

*** Pimpy Article: "The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves" Another article talking about the Iraqi exchange rate. This might not be anything other than the fact that they just keep reminding people that the exchange rate is not going to change. But it is kind of hard not to remember what happened over there in Kuwait when they told everybody it would be years and then turn around and did the rate change the next day...(Reposted)