Iraqi Dinar Guru opinions 6-15-15
Iraqi Dinar Guru opinions 6-15-15
6-15-2015 Newshound Guru Breitling I remember my business partner telling me about the Iraqi dinar. And asking what do you think? I said let me take a look…I need to look at how much currency they have out there and what are they doing. If they are adding MORE then we don’t want to touch it. And guess what they were doing? Adding More. But normally I wouldn’t touch it but I found a report talking about the IMF saying the dinar was listed at a tenth of a penny (just like it is now) but was actually worth 4 cents per dinar. And oh my god that was a big deal…we bought tons of dinar…just at the idea that it would come in at 4 cents…
6-15-2015 Newshound Guru Breitling …But here’s the deal, I told the guys let’s watch the note count if they start throwing a bunch in we are going to have to worry about what it is we did. Guess what they did? They started adding more and more notes. They went from 4 billion notes to 9 billion. But Shabbi kept saying once the economy reaches a certain point they were going to reduce the note count by 70% and they were going to add value to the currency and that’s what kept me in the dinar knowing they were adding more and more notes to the note count…that means they were diluting the value of their currency. When the report came out that they went from 9 billion to 6 billion notes that was a big deal to me. [The question was] How long can we sit on this currency. This was the first time I had heard that they were going to retire certain notes…that’s highly unusual…
6-15-2015 Newshound Guru Breitling And guess what…I’ve been talking about it for 4 or 5 years this is how they can end up doing this and I was right. So what currency denomination can we sit on until it is 1 dollar and then what denominations can we sit on until the 3 dollars value? watch the numbers and you don’t need anyone else’s opinion. With all the drama that’s going on, has any of those numbers changed? no. We are in a phenomenal position. Do I know how long or what increments? No I don’t. that’s why we are speculating. But they reduced the note count and not only that but they were talking about how they were going to eliminate different denominations while they are adding value to their currency. And I’ll be damned if they are not doing that. I was the only one on the planet that I know of that called it. Is that a guarantee that it’s going to go…no. …If someone says that they feel the dinar is not going to go up in value? The CBI thinks otherwise. this is a business plan for a country for everyone to see. Who’s in charge of the value of the dinar? The CBI.
6-15-2015 Newshound Guru Millionday “Emirate Economist: that on the central bank to work as a government exercise its functions within the state general framework said, but for this institution privacy in making independent decisions with regard to monetary policy, which must be consistent with the general economic policy of the state because the bank is one of the issues the currency and run by a government and its agent and financial adviser Bank…” THIS IS SAYING THAT EVEN THOUGH CBI IS INDEPENDENT — THE GOVERNMENT AND CBI HAVE TO WORK TOGETHER THROUGH POLICIES — MEANING THEY NEED TO COMPLIMENT EACH OTHER FOR THE GOAL AT HAND –TO REGULATE CREDIT AND THE COUNTRY`S BANKS ETC. SO — THE ONLY THING THAT IS GOING TO MAINTAIN IRAQ IS THE POLICY AND THE MONETARY POLICY — THE ECONOMIST IS STATING THAT EXCHANGE RATES AND IRAQ`S MONETARY POLICY HAS TO MOVE FORWARD AS IT HAS GLOBALLY IN THE PAST —THEY ALL HAVE TO WORK TOGETHER.
6-15-2015 Newshound Guru Millionday [how do you see investments & all the good economic news affecting the issue with ISIS?] THE IMPACT THAT ISIS HAS HAD ON IRAQ IS COUNTLESS — WE CAN TALK GLOBAL EXPENSE OR WE CAN TALK THE HUMAN LOSS… SO MANY WORKED SO HARD AND GAVE SO MUCH TO MOVE IRAQ TO A POSITION OF TRADE AND WEALTH AS THE PRODUCTION OF OIL DESIGNS FOR THE COUNTRY — THE IMPACT THEY HAVE HAD IS ONE THAT CAN NOT BE MEASURED — WILL THEY MOVE FORWARD WITH THEIR POLICIES AND DEVELOP DESPITE THEM? YES.
6-15-2015 Intel/Newshound Guru tman23 Maliki will always be a concern because of the large crowd he has in different institutions… But Tehran calling for the Shia to improve relationships with the Kurds is a huge sign that Tehran has deep fear of a Kurd independence being a reality. This whole Iraq event is at a breaking point…
6-14-2015 Newshound Guru Millionday [in your opinion do you think the MR (monetary reform) could still happen before Ramadan?] THE REFORMS HAVE BEEN PROMISED IN MANY STATEMENTS RECENTLY — THE TIMING NO ONE KNOWS — I DO NOT KNOW WHEN AND KNOW THAT NO ONE DOES — WE WATCH THE NEWS.
6-14-2015 Intel/Newshound Guru Backdoc THERE ARE TOO MANY THINGS THAT POINT US TO A NEAR TERM GREEN, GREEN, GREEN!
6-14-2015 Newshound Guru Breitling We know that the target rate from the CBI is a buck. From that point they are going to go to 3 plus. And how do we know? Cause the CBI made that statement…how long can you and I sit on the currency to be able to take advantage of this? We don’t know. That’s why we are always watching the notes and the numbers…to figure out how far we can go. that’s us watching our investment. The empirical data comes from the CBI, they are the ones that made the statement they want to get the dinar to a dollar (actually it’s a $1.17) then they want to get the dinar to 3 plus…nothing has changed. It doesn’t matter the drama…nothing has changed.
6-14-2015 Newshound Guru tlm724 they have the ability to move into a free market but the fight against terrorism and corruption is not easy to overcome. I am not making excuses for them I am just stating the obvious. Iraq is slow and we know it! it’s like pulling teeth just to get them to do one major change but the desire is there from some very smart people and to overcome the obstacles is difficult, Abadi has an economic plan and he is trying to get it done! Maybe a change in leadership of the CBI will make a difference too.
6-14-2015 Newshound Guru wmawhite [Emir is the Ruler of Kuwait.] Kuwait is monarchy…a ruling family…the Top Dog with the globe’s top currency. 1 KWD = $3.55. [I don’t think any other country even comes close to Kuwait…Yet.] I believe you are correct. [Didn’t Iraq surpass Kuwait in oil production a year or 2 ago? Second only to the Arabs.] It has surpassed Kuwait at least 2 years ago. Iraq is second only to Saudi Arabia.