Saturday Afternoon Opinions @ 5:50 PM CDT - 12/16/2023

[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 

 

Frank26 Article: "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK" Quote: "During the coming year, the Iraq Economic Contact Group welcomes further cooperation to support the development of the economic and financial sector in Iraq, including Prime Minister Muhammad Shia al-Sudani’s policies to enhance the value of the dinar and oversee monetary policy. A clear announcement of the new policies regarding the dinar during the transitional period..." WHEN IS THE TRANSITIONAL PERIOD?... STARTS DEC. 20TH FOR 5 DAYS.

 

Militia Man   Romanowski  [US Ambassador to Iraq]  had her G7 meeting...She's taken photo op with the G7 supporting the reforms of Iraq.  That's powerful stuff. Article Quote: "...during the coming year the Iraq economic contact group will further cooperation to support the development of the economic and financial sector in Iraq including prime minister Al-Sudani's policies to enhance the value of the dinar...This is a clear announcement of the new policies regarding the dinar during the transitional period..." That's a drop the mic you guys.  Phenomenal...In other words if you're going to enhance the value of the dinar something is going to change.

 

 

MarkZ  Iraqi Article: “Statement of the Iraq Economic Contact Group of the G7, European Union and World Bank” They had some phenomenal meetings over the week about the tremendous progress that they have made in Iraq. This is coming from our own US embassy and consulate in Iraq. They talk about the budget and how it is “life changing” to Iraqis….  Even more important is what is going on in the streets of Iraq in the last day.  Sudani is explaining to the citizens that they need to pay attention to “valuations”.  Excpecially in shopping and in stores. This is because they are strengthening the dinar.

 

Pimpy  Question: "Does this electric payment system have anything to do with the Iraqi dinar exchange rate?" Installing it is not going to make the exchange rate change but, what it does do is it will influence the exchange rate. There's a huge difference...How it does that is...if people all have an ATM card...then there's an increase in transactions ...that will help influence the exchange rate. But just installing the payment system has nothing to do with the exchange rate...the exchange rate is not going to change because they put it in.

Breitling  Question: "When it does revalue, when do we get out?  How long do we wait?" That depends on your own needs.  Are you trying to get a house? Are you trying to pay off a loan? What is it because once you hit that number get out. Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out!   Diversify. Get into something else. Don't just stick around. [Post 1 of 2]

Breitling  The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want.  You have to be realistic about it. You can't say the first thing is I'm going to start off with a $50 million dollar mansion. Don't be stupid...Let's be a little more practical. A home over your head, debt free, for you and your family...then you can go for the big stuff. Your investments are based on that...what it is you want. [Post 2 of 2]

Frank26  [California Golden Valley Bank Story] Bank Story Lady: (family friend) had an appointment yesterday.  Whenever the banker found out how many dinar that we are holding in our group which is about half a billion he said that was too much, they weren't going to be able to handle that much...Then this morning he got a call from his bank Golden Valley and they said look we had a meeting about you and your group last night. FRANK: They had a meeting about his issue with the dinar?  BANK STORY LADY:  Yes, because it was so much.  They invited him back...we're waiting for that update. [Post 1 of 2]

 

Frank26  [California Golden Valley Bank Story Continued] FRANK: The updates came...Turns out this bank has told this group of people...we can't handle that much volume at our banks, therefore we are sending you to an exchange center and they will give you 4.5% to put it in the bank.  They said Morgan Stanley are the people we are going to introduce you to for a management company to help you when you come in towards the end of the year. [Post 2 of 2]

 

 

Edited December 16, 2023 by ronscarpa

[screwball]

1 hour ago, ronscarpa said:

WHEN IS THE TRANSITIONAL PERIOD?... STARTS DEC. 20TH FOR 5 DAYS.

where did this come from?

[ronscarpa]

29 minutes ago, screwball said:

where did this come from?

 

From Frank's imagination, based on how he interprets events in Iraq ... LOL..!

[ronscarpa]

Added @ 7:19 PM CDT:

 

 

Walkingstick  As the days go by and we walk toward the 1st of this year IMO so far the monetary reform is keeping its word on their intent of adding value and introducing a new monetary system called the lower denominations.

 

[Luigi1]

Frank26  [California Golden Valley Bank Story]

 

 

Everybody loves a bank story...especially a Mrs Bank Lady story.

[rvmydinar]

1 hour ago, screwball said:

where did this come from?

Frankie has been talking to Nadar from mid-east at the mosque lately.

[T B]

everybody has a load of shiiiit to say cause they wont you to hit the button! money talks and bull shiiiit walks! please !!!!!!!! you better be ready for whats coming at our border! then you will get the iraq dinar what ever! just saying! theres many doggs unleased from countries into the usa, and many other coming! stand your ground!  check it out if you think paw paw is lieing! i pray u are not distracted! be blessed!

[BETTYBOOP]

Frankie, frankie, frankie....Your stories just get more fanciful buy the day. This one is even more of a delusional fairy story than Mark's last story! Next you will be telling us you got info fron a relation who is a US Senator who holds dinar!..... Pppuuullleeeezzzz!

[CSM (R) Thack]

18 hours ago, screwball said:

where did this come from?

Pulled it out of his 4th Point of Contact!!😂…👍🏻🇺🇸