Monday Late Night Opinions @ 11:30 PM CDT - 10/07/2024

[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 

 

 

SkyWalker  Removing, or as Dr. Shabibi said, cutting zeros, IMO is not a lop. Many are confused on what deleting zeros means. How did the inflationary zeros get on the dinar we hold? The Saddam Swiss dinar was collected and swapped for the new dinar. Deleting the zeros is simply repeating the process by collecting three zero notes back to the banks and swapping them with lower notes. This would either increase the note count, or art best keep it the same...Does that make any sense..? 

 

MarkZ  From the banking side...from someone who works in wealth management. They said “We would not be doing this level of preparation if we weren’t close”.  In other words they should not be working weekends or throughout the week at this level if we were not close. They wouldn’t give me what to expect date-wise, but I find that encouraging.

 

Breitling  What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that's what they're going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are held in a federal bank in New York City?  So what was it that gave me confidence...?  ...My whole thing is trade and trade routes. You follow the trade routes, you follow where the wealth is at or potential wealth coming down the road.  That's what I was watching.  You had trade coming down from India and going through Iraq, Iraq up to Turkey, and Turkey to the European markets.  That's what I had confidence in.  I knew that.  They had to put it together.

 

 

[screwball]

if they are going to remove zeros from rate, they are NOT going to tell you...if they are going to REINSTATE they are not going to tell you....so I am not sure why all the stress...They are only going to give you and project the bad news....we wait...and we have no control....

[screwball]

anything contrary to this will increase speculation at a time when they they are talking about it in the news and trying to stop it.....

[screwball]

35 minutes ago, ronscarpa said:

Breitling  What was it I was looking at very specifically in Iraq that gave me confidence that they were going to add value to their currency, outside of them just saying that's what they're going to do, Out side of it being an artificially inflation because the inflation was created by the amount of dinar they would print and mint And outside of their US dollar accounts, remember their oil is sold in US dollars and those funds are

pretty simple and 3% inflation....i am excited👍

[cjdavid]

I read the Breitling part as past being able to do these things. The word had, was used a lot. Does this mean they have lost their opportunity?