Wednesday Lunchtime Opinions @ 1:05 PM MDT - 3/27/20243

[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  Community Comment: "George Bush once stated the war will eventually pay for itself." Nope that was Paul Wolfowitz. He worked for the Bush Administration, but it was not George Bush who said that. Nevertheless, the point is still the same, and it came from the Bush Administration..!

 

Militia Man  Article: "Investing Iraq's natural wealth is a step towards economic integration". The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector... That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! ...No more reliance on just oil is here to stay...

 

Clare  Article:"Natural resources in Iraq...a huge treasure neglected by an “official decision”!" Quote: unfair government decisions have deprived Iraq of huge billion-dollar revenues...It has natural resources ... such as oil, natural gas, phosphate, sulfur, and other minerals ...Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars ...this puts Iraq in a distinguished position among the countries of the world rich in natural resources... For example...Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury. 

 

Frank26  No bank is going to exchange your Iraqi dinars. It is the wealth management departments. For example the one that we're using Chase is using JP Morgan. Chase is not going to exchange your dinar. JP Morgan is...

 

 

[Sage449]

ron - thought I read somewhere that Iraq has some big time gold deposits too. Or maybe I'm hallucinating again - JK 😬🙃🙂

[ronscarpa]

2 hours ago, Sage449 said:

ron - thought I read somewhere that Iraq has some big time gold deposits too. Or maybe I'm hallucinating again - JK 😬🙃🙂

 

You are Correct...right under the streets of the Green Zone..!

[edbeach]

I also read about 5 to 7  years ago they had discovered a hugh vein of gold worth in the Billions of dollars  but not under the streets of the green zone. Ever since I had read the article been watch for more info of this article. But not heard any more of this article. So either it was a false statement or was announced by mistake and they been mining this gold in secret. May come out for sure one of these years. JMHO 

[yendor]

 

 

Pimpy  Community Comment: "George Bush once stated the war will eventually pay for itself." Nope that was Paul Wolfowitz. He worked for the Bush Administration, but it was not George Bush who said that. Nevertheless, the point is still the same, and it came from the Bush Administration..!

 

 

GWB  DID say that the Iraq war wouldn't cost the U.S. taxpayer one dime.

[md11fr8dawg]

Yep Ole pimpy "the boil" strikes again!!!

[NWGUY]

Frankie...once the dinar revalues, you will be able to go to any bank teller, and turn in your dinar for cash deposit.  It will be sent to their main branch for verification, and then the money will be deposited your account.  Could take a few days, but you don't have to go see wealth managers to do it.   

[BETTYBOOP]

Don't see the point in a wealth manager until it happens and we know the rate

 If it is that good the bank will be desperate to keep your buisness  so they will offer everything they can to keep your business.