Thursday Night Opinions @ 9:40 PM CDT - 6/22/2023

[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  

 

 

Pimpy  There are a lot of exciting things going on, things I was hoping would start to happen once the budget was passed.  We could see the wheels are rolling and things are starting to fall into place.  We have large groups of people looking for outside investors.  A report came out recently that said Iraq is stable, the government appears stable, the economy is starting to become stable.  If this is the case you can definitely see a bunch of outside investors coming in pretty quickly and that's what we're hoping for...

 

MarkZ  Question: What else do they have to do before the dinar can hit the forex? Mark: I think they just have to officially determine the rate and post it. Now that they have finished the budget and HCL ectc…  I’m getting a lot of chatter about a possible $3.81 rate. This rumor is also in Iraq that they are getting ready to go at $3.81 and that is what many people are expecting. Some sources think we will see it on Saturday…Some on Monday. Am I excited?  Yes.  A tremendously good source on the ground in Iraq who is very connected with the government seems to think that this is accurate...That being said- we have been here before so stay grounded.

 

Clare  Question about signed Budged:  "Does this mean we now move forward to posting in the Gazette?" IT IS LAW NOW THAT THE PRES. HAS SIGNED IT.  THEY WILL GET IT IN THE GAZETTE. THAT IS JUST A FORMALITY.

 

Militia Man  The government and private banks - What they're trying to do is establish what they're call a qualitative shift in the Iraqi economy and enhance the stability...In revaluing a country's currency you need security and you need stability...Their whole goal here is to tell you bits and pieces...but it's not their job to tell you the date.  It's not their job to tell you specifically the rate.  However they give you an indicator...10 years ago they felt it was worth $1.13 from the Central Bank.  That's just what they were saying/suggesting.  They're not giving it because it's not their job to do so.  But there is a job to maintain some education.

 

Frank26  [Response to General Flynn post this morning]  This was the general that was the spearhead when we went to Iraq.  Do you understand the power of what General Flynn just said to the whole world?  Exactly what we've been telling you about the Iraqi dinar versus the American dollar.  Exactly what we've been saying about the exchange rate.  They're de-dollarizing.  They're lowering the value of the American dollar in their country because it adds value to their currency, the their national currency that they are soon to introduce to the Iraqi citizens...

 

Pimpy  The president has signed the budget finally into law. What does that mean for Iraq? How does that benefit those who are hanging on to the Iraqi dinar?  ...Finally it is set in stone.  Iraq has passed a 3 year budget.  Infrastructure is going to be big on here...There has been a ton of money set aside to start investing into Iraq...We should see unemployment numbers start to go down and more people contributing to the tax payment. This is exciting for Iraq as long as the corruption people don't start showing their true colors everything should be really good. So congrats to Iraq.

 

Walkingstick  They're getting ready to float the currency.  They're getting ready to introduce their sovereign national currency.  That's why they called back all the executive level bank managers back to Iraq [Including Walkingstick's banking friend Aki]

 

 

[Stumpy]

Thanks Ron!! Do you get any sleep ? I mean with the Midnight updates,  wow man!! Thanks Brother for all you do!!

[new york kevin]

Yes, to that article a few years back where the GOI & CBI said they wanted to get the IQD to $1.37 or something. This 3 year budget has set the official rate for the IQD at $1300. So it is set . Only through an amendment can they change the rate. Is that a Parliamentary amendment or a CBI amendment? How is it that these 2 government bodies work when it comes to setting the rate, now? 

[screwball]

2 hours ago, ronscarpa said:

However they give you an indicator...10 years ago they felt it was worth $1.13 from the Central Bank.  T

yep contracts based on this rate, so does it make sense to be anything less when the remove all MCP and currency restrictions

[screwball]

1 hour ago, new york kevin said:

Yes, to that article a few years back where the GOI & CBI said they wanted to get the IQD to $1.37 or something. This 3 year budget has set the official rate for the IQD at $1300. So it is set . Only through an amendment can they change the rate. Is that a Parliamentary amendment or a CBI amendment? How is it that these 2 government bodies work when it comes to setting the rate, now? 

not sure how this works because oil price changes all the time, as for rate not sure but zeros have nothing to do with parliaement...did they vote to put them on? NO

[screwball]

part of counter insurgent operations (COIN) to devalue a countries infrastructue, take control of all communications and propaganda outlets and seize control of the oil...cut their funding