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Thursday Evening Opinions - 7:55 PM MDT - 6/13/2024


ronscarpa
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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 ... :twothumbs: RON 

 

 

Militia Man  I don't care if you've been in this for 20 years. What we're seeing now is completely different. It's a progression. Some people don't like the progression. They just want it to be over and done. Welcome to the club.

 

Pimpy   When a currency does a re-denomination and they remove the zeros and they release new bank notes, guess what? The old bank notes are no longer any good. I've been preaching about that when it comes to ZIM dollars and if it happens to the Iraqi dinars.

 

Sandy Ingram  Traveling to realize your IQD profits - People in high places reprimanded [me] for saying this... Iraq could print new money.  That would mean that you, I, and anyone would need to travel if allowed to exchange your Iraqi dinar bank notes for the new currency like Zimbabwe did. They gave the world two weeks to make the exchange. In Zimbabwe's case  it did not matter if you were a citizen or not. If you showed up with the old currency, then you received the new ZIG currency. Could we be so lucky with Iraq? ...We must be smart about how we look at our Could options. We may not have a choice. We may have to travel.

 

Frank26   Q? : How much time will they [Iraqi citizens] have to trade in 3 zero notes? [Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar. This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.

 

MarkZ We are seeing a lot of value changes on screens …we are seeing a lot of inconsistancies… which to me means a priming of the system.

 

Clare  Article: "Parliamentary Finance explains the reason for postponing the publication of the budget tables after the Eid holiday" Quote: "A member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, confirmed on Wednesday that the committee requested that the budget tables be redone before publishing them in the Official Gazette due to the existence of printing errors in the numbers, indicating that the committee is in the process of re-auditing the numbers and correcting the printing errors for the purpose of publishing them until after the Eid Al-Adha holiday.":twothumbs:

 

Jeff  I told you guys the court would be overturning the budget because it is unconstitutional... I basically predicted the future for you. It's getting close to happening. They're most likely going to do this next week. Article: "Legal:The Federal Court will vote on the unconstitutionality of the budget table" I told you the budget is unconstitutional. I told you nothing was going to happen to the budget. As you see I'm right. The budget is getting overturned.  It is going to go back to an unapproved state.:facepalm1::facepalm:🙏

 

Samson  Article: "Representatives appeal the budget schedules to the Federal Court"

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani came out and again he says to us the dinar is stronger than the dollar. FRANK: Your contracts are being rewritten because your dinar is strong now. FIREFLY: Then he said that Iraqi people will see a significant increase in the exchange rate this year.  He's saying all this in a recorded speech. He's talking about the economy and how we're growing and what is expected. FRANK: Like I told you, the monetary reform education would get louder and louder into this month.  It looks like they're using a megaphone to scream it to you. These are exciting time for your monetary reform, for your country, for the value of your currency.:twothumbs:

 

Mnt Goat ...traders can’t trade the Iraqi dinar since OFAC sanctions are still on the currency and have not yet been lifted. It would be illegal and very risky to put any of the dinar in investment portfolios at this time... there is no back screen trading platform, so even if they did want to trade the dinar, how would investors do it?

 

MarkZ ... Sudani told us that everything is now in the hands of the CBI… he was talking to Alaq at that time… so it’s the   CBI ‘s job to change the rate.:twothumbs:

 

 

:tiphat:

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2 hours ago, ronscarpa said:

Sandy Ingram  Traveling to realize your IQD profits - People in high places reprimanded [me] for saying this... Iraq could print new money.  That would mean that you, I, and anyone would need to travel if allowed to exchange your Iraqi dinar bank notes for the new currency like Zimbabwe did. They gave the world two weeks to make the exchange. In Zimbabwe's case  it did not matter if you were a citizen or not. If you showed up with the old currency, then you received the new ZIG currency. Could we be so lucky with Iraq? ...We must be smart about how we look at our Could options. We may not have a choice. We may have to travel.

yep...1005 have to be realistic and keep all options open!

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2 hours ago, ronscarpa said:

Frank26   Q? : How much time will they [Iraqi citizens] have to trade in 3 zero notes? [Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar. This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.

i can be on a plane within 24 hours no probs.

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36 minutes ago, screwball said:

i can be on a plane within 24 hours no probs.

Screwball= Thats fine but isn't the real problem if have to go to Iraq, having a limit by Iraq of 10,000 dollars. That I believe could be a real problem for us if we hold a lot more then their cap Subject to they confiscating any large amounts of dinars over the limit imposed by their government. What's your thought on this?

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5 hours ago, ronscarpa said:

Pimpy   When a currency does a re-denomination and they remove the zeros and they release new bank notes, guess what? The old bank notes are no longer any good. I've been preaching about that when it comes to ZIM dollars and if it happens to the Iraqi dinars.

this moron is bi polar?

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3 hours ago, edbeach said:

Screwball= Thats fine but isn't the real problem if have to go to Iraq, having a limit by Iraq of 10,000 dollars. That I believe could be a real problem for us if we hold a lot more then their cap Subject to they confiscating any large amounts of dinars over the limit imposed by their government. What's your thought on this?

yeah cross that bridge when it happens, if it happens. The reality is not much we can about it I have 20 Million just declare it going into iraq, the 10,000 limit isn't the limit up to without declaring? maybe we just wait for cbi instructions?

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Can’t see Iraq making people come to their country if they want to be a real international player. 
 

But then again I can. After all it’s Iraq!!!

 

and after all..I was naive enough to get into this so….

Edited by cjdavid
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Pimpy   When a currency does a re-denomination and they remove the zeros and they release new bank notes, guess what? The old bank notes are no longer any good. I've been preaching about that when it comes to ZIM dollars and if it happens to the Iraqi dinars.

 

 

 

Pimpy is so full of it...

Dr Shabibi even stated the old & new currencies will co-exists for a while.

Re-denominations are associated with nations of uncontrollable runaway inflation.

Iraq does not have out of control inflation.   

There will not be a re-denomination. 

There will more than likely be a RI.    IMHO.

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24 minutes ago, Luigi1 said:

Pimpy   When a currency does a re-denomination and they remove the zeros and they release new bank notes, guess what? The old bank notes are no longer any good. I've been preaching about that when it comes to ZIM dollars and if it happens to the Iraqi dinars.

 

 

 

Pimpy is so full of it...

Dr Shabibi even stated the old & new currencies will co-exists for a while.

Re-denominations are associated with nations of uncontrollable runaway inflation.

Iraq does not have out of control inflation.   

There will not besm a re-denomination. 

There will more than likely be a RI.    IMHO.

Yes Shabibi did say old & new will co-exist I was in this at time don't remember date remember his article saying this but I do not have article my old computer had crashed and lost all my informaton I had acquired. I am sure other people here that been in for long time may have article.

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9 hours ago, edbeach said:

Screwball= Thats fine but isn't the real problem if have to go to Iraq, having a limit by Iraq of 10,000 dollars. That I believe could be a real problem for us if we hold a lot more then their cap Subject to they confiscating any large amounts of dinars over the limit imposed by their government. What's your thought on this?

 

6 hours ago, screwball said:

yeah cross that bridge when it happens, if it happens. The reality is not much we can about it I have 20 Million just declare it going into iraq, the 10,000 limit isn't the limit up to without declaring? maybe we just wait for cbi instructions?

 

1 hour ago, hspotman said:

How have we gone from being able to exchange over here(banks,dealers,etc) for the past over a decade...to now we have to fly to Iraq to exchange if we want our money??

 

Once there is an international rate, the big banks worldwide will be able to exchange the IQD. The Fed still has a say in what our banks will have to comply with in any exchange. Forex will go crazy..... Like Screwball says, we'll cross that bridge when we get to it.:tiphat:RON

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Pimpy...flip flopping again!  Like Ron said, once it is on Forex, all banks can exchange it, Shabbibi said the notes will co-exist.  Now, there may be a window.  I can see that, but I am not planning any trips to Iraq, anytime soon!   :jester:

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Iraq is the last country I would want to visit as a tourist for any reason. I don't care how much stability they claim to have! I don't believe for a second we will need to go to Iraq to exchange. 

Pimpy isn't bi polar he is a personality disorder or possibly schizo affective dis order but that is a long shot. 

I also remember Dr Shababbi stating the 3 zero and the lower denominations would co exist.

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10 hours ago, hspotman said:

How have we gone from being able to exchange over here(banks,dealers,etc) for the past over a decade...to now we have to fly to Iraq to exchange if we want our money??

just general conversation....be prepared thats all!

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1 hour ago, screwball said:

this is what i was going to suggest what he is! 

Schizophrenia  and scizo affective disorder are 2 different mental health issues. I am more inclined to him being a personality disorder. The more he flip flops on his opinion the more it shows that he doesn't understand this investment and that his knowledge is basic at best

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