Sunday Night Opinions @ 8:45 PM CST - 12/04/2022

[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... So, take everything with a grain of salt...  RON 

 

 

** Frank26  [Iraq boots-on-the-ground report] FIREFLY: The TV is talking all the gold they now have.  They're tying it in with the Monetary Reform.  FRANK:  Yes, they have told you in the past that you have a tremendous amount of gold to back up your reserves for your currency but you also have so much untapped reserve potential in the ground...Iraq is extremely rich...you will become a Mecca in the east.

 

** Pimpy  There's some interesting developments involving the exchange rate.  I was impressed when Al-Kazemi was prime minister but I'm super impressed so far by the speed in which Al-Sudani is moving...

 

** Kaperoni  People always wonder why Iraq can't significantly RV the Iraqi dinar and often compare it to other Middle East countries. The difference is Iraq has over 83 trillion dinar in circulation compared to between 40 to 80 billion dinar and many other Arab states.