Tuesday Evening Opinions @ 6:30 PM MDT - 8/13/2024

[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 

 

 

Jeff  The Supreme Judicial Council are suggesting [Alaq] is going to be forced into retirement.  I want you to realize he was only put back in to commission the rate change because they've already printed the new small category notes in the year 2018, and his signature is on them. The timing of his retirement is critical.

 

Breitling  Would they revalue their currency right now, wouldn't the US force them to do it? No. They can revalue the currency, they've been able to revalue to the currency any time.  The key is their note count.  This is what sucks. They could have done it five years ago, ten years ago.  Reduce their note count.  But once they reduce their note count and they get it up to its value, if they're not situated in the market correctly, it's going to loose it's value, people are going to loose confidence in that currency, then it's done for.  They're never going to be able to get it back.  They'll probably have to re-denominate.  That's what they're worried about.

 

MarkZ  Well this is the craziest thing…the CBI have started sending out procedures and instructions on how to handle exchanges to banks.  It is clear to me that they are preparing. You can go to the CBI and read it yourselves.

 

Pimpy  If it could be proven that [Alaq] was involved with some criminal activity...then he should be out of there and convicted...But if it's all bullshit and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something...So we're not sure where this information is coming from.  But that doesn't mean you
shouldn't listen to the news, because this person is like, 'See Pimpy, you said there is no fake news.'  I did not say there was no fake news but not everything can be fake news.  Just because you don't like the information...it must be fake news.  Nope.  What you got to get to is the bottom of why this situation is there in the first place...Like anything else you have to be able to sift through the crap that you're hearing and make a decisions on whether the news is real or not...

 

Walkingstick  [Iraqi Bank friend Aki in Michigan] Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 Lunchtime post]? AKI: I didn't hear anything about October. WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen. AKI: I did hear about the WTO guy.  Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date.  If anything I have heard it is before that.

 

Militia Man  Article: "Government signal: high export capacity boost currency value" It's an education piece. Why is the country of Iraq and the financial advisers talking?  Because the fact things are changing.  They want to make the people aware that there are things happening.  I believe give reassurances to why they're doing what they're doing.  If you're going to have a value change...people need to have a little bit of a warning.

 

Edited August 14, 2024 by ronscarpa