Saturday Afternoon Opinions @ 5:40 PM MST - 2/25/2023

[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 .... RON 

 

 

Breitling  It's black and white. Iraq picked the right guys. They picked us. They're going to stay with us. They're not going to go with the BRICS. They're not going with Asia. They're not going to go with the EU. They're going to stay with the biggest massive system in the world where they can get capital. And if they need to raise money through the IMF...they're going to stay with those guys because Europe doesn't have any money to lend out. China doesn't have any money to lend out and if they do lend it out it's not worth the risk for them...That is different than what the articles are saying.

 

Militia Man  It's been 20 years they've had this process going and now they're finally getting to that change.  If we can't see it now we probably never will but at this stage of the game I'm a believer that they are telling us and they did tell us there's no going back.  This process is underway.

 

Frank26  Articles: "Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies"  DIVERSIFICATION BETWEEN CURRENCIES...BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES... THIS IS CURRENCY REFORM EDUCATION! ...this is explaining the external float to the Iraqi citizens...

 

Pimpy  With a strong economy and the gold reserves are up and the foreign currency reserves are up there's no reason for Iraq not to have a stronger exchange rate once you can start providing more jobs and you start redoing infrastructure but it's not going to happen overnight.  You're not going to see no presto huge jump in the exchange rate.  No.  It's going to go up in increments...That is

And NOW, for Mark's exaggerated opinions 

 

 

MarkZ  In Iraq...They are...talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week. The chatter on the street is indeed is 1 to 1 and then a float… PAY ATTENTION BECAUSE THIS IS IMPORTANT... I do not think this is what we are going to see over here. [post 2 of 2] 

Mark, whatever value the IQD will be in Iraq, it will be the same everywhere. And the chatter you're hearing is from your imaginary streets, or from Bruce & RayRen. In Iraq they have no idea what it will be, much less 1-to-1..!

MarkZ  I am still hearing (from whom) it’s going to be a complete reinstatement or revaluation...(now you're really stretching the BS)…perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level…we shall see. But that is the chatter (from where & whom) and its been overwhelming over the last few hours out of Iraq...Based on the news from Iraq…I hope our exchanges will start sometime this upcoming week…Its looking good and the chatter is overwhelmingly good...This is extremely exciting. [post 2 of 2] 

 

 

[Luigi1]

7 minutes ago, ronscarpa said:

Breitling  It's black and white. Iraq picked the right guys. They picked us. They're going to stay with us. They're not going to go with the BRICS. They're not going with Asia. They're not going to go with the EU. They're going to stay with the biggest massive system in the world where they can get capital. And if they need to raise money through the IMF...they're going to stay with those guys because Europe doesn't have any money to lend out. China doesn't have any money to lend out and if they do lend it out it's not worth the risk for them...

 

Go Breitling...you are spot on.

The Gurus have not one shred of evidence Iraq has dumped the USD.

Until they produce the evidence...the USD is still king.  IMHO.

Yes, the Petrodollar is going away.   That's a different issue.

How can Iraq not do international business without USD?

[screwball]

21 minutes ago, Luigi1 said:

 

Go Breitling...you are spot on.

The Gurus have not one shred of evidence Iraq has dumped the USD.

Until they produce the evidence...the USD is still king.  IMHO.

Yes, the Petrodollar is going away.   That's a different issue.

How can Iraq not do international business without USD?

⏰ 

[hspotman]

1 hour ago, ronscarpa said:

And NOW, for Mark's exaggerated opinions ....and Frank!

 

Frank26  Articles: "Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies"  DIVERSIFICATION BETWEEN CURRENCIES...BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES... THIS IS CURRENCY REFORM EDUCATION! ...this is explaining the external float to the Iraqi citizens...

 

 

MarkZ  In Iraq...They are...talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week. The chatter on the street is indeed is 1 to 1 and then a float… PAY ATTENTION BECAUSE THIS IS IMPORTANT... I do not think this is what we are going to see over here. [post 2 of 2] 

Mark, whatever value the IQD will be in Iraq, it will be the same everywhere. And the chatter you're hearing is from your imaginary streets, or from Bruce & RayRen. In Iraq they have no idea what it will be, much less 1-to-1..!

MarkZ  I am still hearing (from whom) it’s going to be a complete reinstatement or revaluation...(now you're really stretching the BS)…perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level…we shall see. But that is the chatter (from where & whom) and its been overwhelming over the last few hours out of Iraq...Based on the news from Iraq…I hope our exchanges will start sometime this upcoming week…Its looking good and the chatter is overwhelmingly good...This is extremely exciting. [post 2 of 2] 

 

 

Sorry Ron, I had to make an adjustment to youur post above.  He doesn't belong in the 'taken serious' section any more!