Friday Midnight Opinion - PST - 1/13/2023

[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 ifit comes from Mark...  RON 

Paulette  Let's hope that Sudani's GOI doesn't pass this budget prior to the currency being "reinstituted".  If they do, there are still many windows of opportunity for the CBI to take action...If it gets all the way back to the Finance Minister and disbursements are made at 1450, this year certainly gets a little muddled as the budget is retroactive to January 1.

 

Frank26  Question "Are they [ Iraq ] worried about speculators?" Yeah.  It's only natural.  They're already announcing what they are doing.  It's no big surprise. 

 

MarkZ   Article: “KRG: The federal government to send Billions of dinar to Erbil"' This is all part of the HCL agreements. They are doing what they said they were going to do for years… The HCL is moving forward to finalization so they can then give us our new rate.

 

 

Mnt Goat  Article: "THE CENTRAL BANK SETS A DATE FOR THE RETURN OF THE DOLLAR EXCHANGE TO “ NORMAL ”  No! This 1470 is not normal. They have been on this program rate for so long now it has become the “normal”. It was supposed to be termporary and maybe for 5 years but here we are almost 2 decades later. Its time to execute the 2011 plan to reinstate it to the proper normal rate on FOREX...

 

 

Now for Mark's daily  

 

MarkZ  There are a huge number that are expecting something big within the next 24 hours or so. Please stay grounded. If we don’t see it tomorrow morning that doesn’t mean it’s not happening.  That being said  there is so much chatter right now… there is a mad dash going on, but I also hear from others to look at the 15th-16th.  Try to relax as they are keeping it clouded on purpose. There is a lot of hype for this weekend so manage your expectations. 

 

 

That's all there is today..!!

[screwball]

39 minutes ago, ronscarpa said:

It was supposed to be termporary and maybe for 5 years but here we are almost 2 decades later. Its time to execute the 2011 plan to reinstate it to the proper normal rate on FOREX..

🙏 

[screwball]

Debt ceiling default….shutdown…10 days of darkness