Friday Afternoon Opinions @ 4:50 PM CST - 2/17/2023

ronscarpa · February 17, 2023

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.... :twothumbs: RON

Militia Man We're changing from an exchange rate topic to a value-related topic. We have the foreign minister, finance minster and the central bank talking about value and value comes from not just an exchange rate per se but what's the basis of that value. That value is going to come from income streams, taxes, tariffs at the borders, natural gas, oil and ...foreign reserves which is the dollar...and they have a lot of gold...the basis of all these meetings is definitely value.

Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend says this new gas and oil law...is the key...They're saying on TV that Sudani has worked out a new deal and he got the Kurds in Baghdad to agree and this will make it all possible...meetings are still going on but it's the key. FRANK: I'll admit it [HCL] is an important key factor but there are many other factors that were presented to Washington D.C...about the 2nd stage of the monetary reform...that's what I am looking for..[Post 1 of 2]

Frank26 [Iraq boots-on-the-ground report continued] FRANK: Your bank friend is trying to explain to you how the rate is going to change and lead to a float. Your official rate right now is 1300. Your bank friend tells you the next rate change you should look for is 1190. I think it might be 1000. Either way all three of them are going in the correct direction and that's what's exciting. You're soon to float, to add value to your currency and that is a dream finally coming true..[Post 2 of 2]

Now for more of Mark's B/S:

MarkZ [Q? : So where are we?] If we are listening to bankers…they believe we are a day or two away…if you listen to folks on the ground in Iraq we may be a couple weeks away… Either way this tells us how close we are… IMO It has started. When Iraq changed their rate to 1300 it started the mechanism …to me this is when the switch was flipped. This is when it was turned on and now we are just waiting for the process to roll down to us… I am very excited... :violin: :trash: No change since the last series of posts ... LOL..!