Sunday Lunchtime Opinions @ 1:33 PM CDT - 11/06/2022

[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 

 

 

*** Breitling  With the dinar, whether it revalues soon or whether it revalues later it doesn't matter...it's super important that you understand this.  People have been sitting on the dinar and just sitting ...that's completely wrong...don't get locked up in one type of investment ...I'm always involved in something new...If you try to make money in one area and you don't expand, something is going to come along and eat it up.  Whether it's health problems or a myriad of things coming down the road that can mess with you.  That's why you can't stop... 

 

 

*** Pimpy   They've [Iraq] come a long ways.  They're out of Chapter VII...they have $90 billion in foreign reserve assets... 132 tons of gold.  They're doing all the things all the things necessary just to protect the current let alone increase the rate. Give it a little time. It'll happen as long as they continue down the right path...

 

 

Edited November 6, 2022 by ronscarpa

[Luigi1]

3 hours ago, ronscarpa said:

*** Pimpy   They've [Iraq] come a long ways.  They're out of Chapter VII...they have $90 billion in foreign reserve assets... 132 tons of gold.  They're doing all the things all the things necessary just to protect the current let alone increase the rate. Give it a little time. It'll happen as long as they continue down the right path...

 

Yes.  Iraq has come a long ways.  Iraq has a long ways to go.

Oil will have to stay above $45 barrel for years if not decades to come to finance the economic reform.

It's not a one time shot, then it RVs.  Over 90 Billion in reverses & 132 tons of gold are a good start but that alone won't get the RV done.  IMHO.

[Shelley]

54 minutes ago, Luigi1 said:

 

Yes.  Iraq has come a long ways.  Iraq has a long ways to go.

Oil will have to stay above $45 barrel for years if not decades to come to finance the economic reform.

It's not a one time shot, then it RVs.  Over 90 Billion in reverses & 132 tons of gold are a good start but that alone won't get the RV done.  IMHO.

To be honest Luigi, 132 tons of gold doesn’t sound like much at all , compare to USA 8,000 tons of gold .., seems like Iraq has a long time to go yet 🤷🏻‍♀️

[Luigi1]

1 hour ago, Shelley said:

To be honest Luigi, 132 tons of gold doesn’t sound like much at all , compare to USA 8,000 tons of gold .., seems like Iraq has a long time to go yet 🤷🏻‍♀️

 

Over 70 Trillion IQD still out there, mainly held by investors, overseas. 

If it RVed 1 to 1 there  would not enough money in the entire world to cover the payout.

That's at least US $7 Quadrillion.

[cranman]

19 minutes ago, Luigi1 said:

 

Over 70 Trillion IQD still out there, mainly held by investors, overseas. 

If it RVed 1 to 1 there  would not enough money in the entire world to cover the payout.

That's at least US $7 Quadrillion.

70 Trillion IQD  at $1 USD per IQD is $70 Trillion . 

Right now 70 Trillion IQD is only $47.6 Billion USD 

 

Correct me if I'm wrong.

[Luigi1]

27 minutes ago, cranman said:

70 Trillion IQD  at $1 USD per IQD is $70 Trillion . 

Right now 70 Trillion IQD is only $47.6 Billion USD 

 

Correct me if I'm wrong.

 

My error.  It would be become around  7 Quadrillion IQD in value if the zero were dropped.  The note count may go down with the new lower denoms but the value is still there & has to be covered.

[fioranosportscars]

None of those calculations mean anything…. Every country has revalued their currency at one point…. Remember the US has printed 10 times more money than they can back up…. Banks loan money that they don’t have…. And no one is wondering how they do it… they just do… it’s in iraqs benefit to revalue cause they have more buying power. Here in the US who’s gonna make the payouts is our banks then they will exchange the currency for oil.

[cjdavid]

Ahhh the joys of Fiat currency!! So much nonsense!

[Luigi1]

3 hours ago, cjdavid said:

Ahhh the joys of Fiat currency!! So much nonsense!

 

The Russia Ruble has recouped it's losses after Western sanctions were placed on it over the Ukraine invasion.

The Ruble will become stronger than the USD because it is gold backed & the USD is still worthless FIAT.