Wedesday Afternoon Opinions 5:25 PM CDT - 12/07/2022

[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... Especially if it comes from Mark...  RON 

 

 

** Mark  Pressure continues in Iraq as we see more and more local politicians join ranks. We now have well over 100 parliament members and leaders that are pushing for the CBI to make the decision and make it now…before the holidays.  The push because of inflation and the market crunch in Iraq is to do it before the holiday season which is beginning within days over there. Yes it is in the hands of the CBI…parliament is really pushing them to release it before the holidays…and are willing to replace the leader or minister of the CBI in order to do it, if that is what it takes…. It is a open conversation over there. I spoke with some contacts on the ground …and they are hearing this as well. Mark always has contacts to speak with to support his statements or theories...LOL..!

 

** Pimpy  I'm not saying it's not going to change come this budget, mostly likely it won't because the Central Bank said this is the rate it's going to be for the next 5 years.  We are now 2 1/2 years into that 5 years.  We'll wee what happens when this budget comes out...

 

** Frank26  The Paris Club agreement...paid off 80% of Iraq's debt to the world, then Iraq agreed to re-institute at a 1 to 1 rate at least...they're simply waiting, the Paris Club, for this announcement.  The CBI says they want the rest of the money the Paris Club is holding. Iraq IMO tried to pull a fast one but the Paris Club said, nope!  No recovered fund returned to you until you change your exchange rate in order to cover the rest of your debts. Actually, it's not to cover the rest of the debts (they were forgiven), but to allow the Paris Club countries to cash in the IQD they received as a result of forgiving the war debt. RON 

 

** Mnt Goat   One could almost say the news is once again just all about the currency. The pressure builds for the CBI to act now. Over 100 of the parliamentary members claim they will not even attend parliament sessions to vote on the new budget unless this issue is addressed in the budget.  ...These are exciting times and personally I can’t see the CBI holding back this reinstatement much longer….

 

** Mark [Q? : Are we anticipating the dinar rate change this week?]  We are anticipating an announcement thereof and possibly a lower sucker rate. This is before the actual RV - The sucker rate is to get many to give up, and cash in at the lower rates and then go away.

 

 

[Artitech]

That would be great if there was one Oz. Of truth to what Frank is saying! We all know he full of $h!+! Maybe one of these days he will be right! Merry Christmas to everyone!!! JMHO! 🤠

[screwball]

31 minutes ago, Artitech said:

That would be great if there was one Oz. Of truth to what Frank is saying! We all know he full of $h!+! Maybe one of these days he will be right! Merry Christmas to everyone!!! JMHO! 🤠

What’s interesting about is franks Paris club statement but we know that the Dinar was printed in a number of countries or that’s what was reported, what happens if these countries that were involved in the war are the same countries that printed it and I think most are, what happens if they over printed? They do it for Quantitive easing just turn on the presses and hand it out!?.. is it plausible? Yes! Is he right hope not because it would be the first time he’s ever been right! LOL

[hspotman]

2 hours ago, ronscarpa said:

 

** Frank26  The Paris Club agreement...paid off 80% of Iraq's debt to the world, then Iraq agreed to re-institute at a 1 to 1 rate at least...they're simply waiting, the Paris Club, for this announcement.  The CBI says they want the rest of the money the Paris Club is holding. Iraq IMO tried to pull a fast one but the Paris Club said, nope!  No recovered fund returned to you until you change your exchange rate in order to cover the rest of your debts. Actually, it's not to cover the rest of the debts (they were forgiven), but to allow the Paris Club countries to cash in the IQD they received as a result of forgiving the war debt. RON 

 

 

Ch. 10 in Frank's new book, "Dinar Dreaming'