HOT: Confirmed: The ER Is Not In The Budget Law.

[Luigi1]

Here's an article of Dinarian interests.

What we already knew all along.

The Gurus were lying when they said the ER is in the Budget Law.

The RV-RI is a separate event.

Budget Law will increase dependence on the USD.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

Tlm724 Administrator Bondlady’s Corner:   Financial expert: The Dollar Will Not Decrease Against The Iraqi Dinar With The Approval Of The Budget Law.

ARTICLE: Financial expert Muhammad al-Hassani ruled out, on Sunday, the decline in the exchange rate of the Dollar against the Iraqi Dinar with the approval of the budget, stressing that the decrease & rise are linked to the procedures of the CBI.     Al-Hassani said, “The exchange rate has nothing to do with approving the budget, but rather it is monetary policy from the task of the CBI, whose procedures are supposed to lead to the stability of the exchange rate.”

 

He added, “Government spending with the approval of the budget will not lead to a decrease in the Dollar, but on the contrary, as it will lead to an increase in the demand for the Dollar because the government will spend new money for the new hires from the beginning of issuing their orders, which are salaries accumulated for more than 6 months & this will lead to a mass Large cash will go down to the market & will be spent on various matters & therefore this cash block will be transferred in Dollars in the purchase process, because there is no national production.  

 

[Luigi1]

Luigi's opine...

 

The Gurus are liars claiming we would see the ER as soon as the Budget Law was passed.

I've been saying all along...the Budget, the HCL & the RV-RI are separate identity events.

One event don't have to do with another.

Yes, each event will benefit the other but are still separate.

The Gurus are full of it.

This is all IMHO.

[Bob]

Ok, Ok, I take back all the times I said:  "When you go outside don't step in the Luigi!"  Sorry, Not Sorry!

[BETTYBOOP]

Well us folks who have been here for year know this. But we also read articles with care and have educated ourselves. Others have been here a while but fail to try and educate themselves or understand and then continue to ask stupid questions and still expect to be spoon fed. IMHO

[trvlr787]

I think the gurus every year use the budget crap so it gives them more time to push their bs. Most of the vets around here know the budget never has anything to do with a rate change. 

[Luigi1]

Here's another article related to the above...all indications are...the HCL will be negotiated separate from the Budget Law due to outstanding & ongoing disputes on what % to pay the Kurds...Funding for HCL comes from the Budget Law...Clare is partially right...there's still work ahead even after Budget Law has been passed...IMHO only.

 

Clare:  The HCL Is In The Budget.

ARTICLE: Question:  “Once they announce the Budget completed, does that give us the HCL? or is that a whole separate thing we need to deal with?”  THE HCL IS IN THE BUDGET…THERE IS AN ARTICLE …THAT STATES THAT.  THE BUDGET WILL BUST EVERYTHING WIDE OPEN…

 

[Luigi1]

Here's another article related to the above...Can CBI do it?...remember...this is F26...

 

 

Frank26:    Can CBI Flip The Switch?

TIDBIT:  Question  “At this point can the CBI flip the switch?”  At any moment they can flip the switch.   At any moment.

 

[cjdavid]

4 minutes ago, Luigi1 said:

Here's another article related to the above...Can CBI do it?...remember...this is F26...

 

 

Frank26:    Can CBI Flip The Switch?

TIDBIT:  Question  “At this point can the CBI flip the switch?”  At any moment they can flip the switch.   At any moment.

 

Correct. And the CBI has never needed the budget to do so. 

[Luigi1]

5 hours ago, trvlr787 said:

I think the gurus every year use the budget crap so it gives them more time to push their bs. Most of the vets around here know the budget never has anything to do with a rate change. 

 

You nailed it.

[boosterbglee]

5 hours ago, Luigi1 said:

Here's another article related to the above...Can CBI do it?...remember...this is F26...

 

 

Frank26:    Can CBI Flip The Switch?

TIDBIT:  Question  “At this point can the CBI flip the switch?”  At any moment they can flip the switch.   At any moment.

 

What if it's a button and not a switch....boy will they be screwed up!  🤡

[Luigi1]

Here's another article related to the above...

 

 

Goldilocks & Seeds of Wisdom:   The Great Transfer Of Power & Wealth.
ARTICLE: Goldilocks posted some news links with comments to help us better understand financial global news:   Our world has changed these last 3 years. The de-dollarization of the US Dollar is about to be felt around the world.   This will create new norms inside the Forex Market.

 

Other currencies will begin to have breathing room to grow into their real values.   Pegging foreign currencies to gold, rather than, the Dollar will give these dormant currencies new life & new opportunities.

 

The Great Transfer of Wealth and Power among our Nations is currently formulating a new look at our world revealing new opportunities for growth never seen before in history.   Welcome to the Age of Creativity.  Goldilocks.