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Friday Early Morning Opinions @ 8:40 AM MDT - 6/21/2023


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 

 

 

MarkZ  Question: will the rate be fixed or a float? Mark: I don’t look for a wild float but a very controlled or fixed float. IF there is a float, I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings. Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo. It looks like to me $1.32 is our worst case scenario.

 

Militia Man  Question: will the rate be fixed or a float? Militia Man: Saleh who is the prime ministers financial advisor has released several articles on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both...If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciate rate or price changes every day...remember the reinstatement rate 20 years ago of $3.22.  Even the IMF has documents stating this was a relevant number. If it came out at that…they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.

 

 

:tiphat:The same idiot asked the same question - never satisfied with any answer.

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58 minutes ago, ronscarpa said:

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 

 

 

MarkZ  Question: will the rate be fixed or a float? Mark: I don’t look for a wild float but a very controlled or fixed float. IF there is a float, I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings. Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo. It looks like to me $1.32 is our worst case scenario.

 

Militia Man  Question: will the rate be fixed or a float? Militia Man: Saleh who is the prime ministers financial advisor has released several articles on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both...If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciate rate or price changes every day...remember the reinstatement rate 20 years ago of $3.22.  Even the IMF has documents stating this was a relevant number. If it came out at that…they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.

 

 

:tiphat:The same idiot asked the same question - never satisfied with any answer.

Right on Ron..

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2 hours ago, ronscarpa said:

 

Militia Man  Question: will the rate be fixed or a float? Militia Man: Saleh who is the prime ministers financial advisor has released several articles on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both...If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciate rate or price changes every day...remember the reinstatement rate 20 years ago of $3.22.  Even the IMF has documents stating this was a relevant number. If it came out at that…they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.

 

You just said in a different post that they would come out at 1.32 dinars to the dollar, and in another post you said the rate could be $1.32 per dinar. This guy is just making sure he gets his $100k+ per year from his sheep.

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41 minutes ago, hspotman said:

You just said in a different post that they would come out at 1.32 dinars to the dollar, and in another post you said the rate could be $1.32 per dinar. This guy is just making sure he gets his $100k+ per year from his sheep.

 

He took a second look and realized he reversed the numbers. - no big deal.

He corrected himself.:salute:

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It really doesn't make any difference what it comes out at.  Fact is that we are STILL sitting here in the same position that we have been since the beginning...... hoping and wishing and thinking "SOME DAY.........................."

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7 hours ago, Luigi1 said:

 

:tiphat:The same idiot asked the same question - never satisfied with any answer.

 

 

Agree.

Nobody knows the date & rate until it happens.

Have you asked Jeff?

He's usually spot on.

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3 hours ago, yendor said:

It really doesn't make any difference what it comes out at.  Fact is that we are STILL sitting here in the same position that we have been since the beginning...... hoping and wishing and thinking "SOME DAY.........................."

hope is good

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