Sunday Night Opinions @ 9:35 PM CDT - 6/02/2024

[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  Article: "Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq" It isn't just about the de-dollization, this paper covers the banking reforms, the state of politics... the state of security. It also covers what Iraq needs to do to increase the exchange rate. It also talks about what Iraq needs to avoid to keep from having to devalue the currency even more. It isn't just as easy as, 'Hey increase the exchange rate so we can end all of your problems.' ...It's 30 something pages long. There was a lot of information in there that I was shocked about.

 

Militia Man  They're talking about a massive deficit...$210 trillion budget. It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!? And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget].  There's something up folks because 1310 doesn't work.

 

Kaperoni ...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.

 

Nader From The Mid East  Comment: 'Nader you said it was going to happen in June.'  No I didn't say in June happen. I said June they're a possibility for them to work on the dinar because each time they worked on him it's between June and August. They created a new white paper. They're going to start working on the exchange rate and I think from here to the 8th of July. We'll see what's going to happen.

 

Deepwoodz  Question: "Don't they have a deadline for these budget things by June 9th?" I think June 9th was slated as the end of their legislative session post extension. Time will tell as to the importance of it.

 

 

[Stumpy]

Thanks Brother Ron for all you do!!!

[screwball]

June 6-8 is also when the US apparently runs out of cash! so i read

[Luigi1]

Militia Man  They're talking about a massive deficit...$210 trillion budget. It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!? And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget].  There's something up folks because 1310 doesn't work.

 

 

 

Agree.  

 

All these massive projects, massive Budget & massive spending has to come from somewhere.

 

This massive wealth will not be created from out of thin air like the FIAT Dollar.

 

The RV-RI will solve all the expenditures.

 

[screwball]

On 6/3/2024 at 12:36 PM, ronscarpa said:

Militia Man  They're talking about a massive deficit...$210 trillion budget. It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!? And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget].  There's something up folks because 1310 doesn't work.

They need to do what the IMF says…that’s remove mcp and make a sizeable fiscal adjustment to create fiscal space..plain and simple.

[Longtimelurker]

On 6/3/2024 at 1:12 AM, screwball said:

June 6-8 is also when the US apparently runs out of cash! so i read

Petro dollar ends then too.

[Longtimelurker]

July 11th is trumps sentencing. If he goes to jail, this would be a good time for military to step in and correct the election, EBS, etc..  we're getting close! The "show" is ramping up!