Iraqi Dinar Guru opinions 6-1-18
Iraqi Dinar Guru opinions 6-1-18
6-1-2018 Intel Guru Bruce We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq. We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament… Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday].
6-1-2018 Intel Guru Bruce Also what is happening in Iraq is there are 115…areas, let’s call it… that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas…of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go. …I think that is really important.
6-1-2018 Newshound Guru Kaperoni June 15th or about is the 3 month IMF requirement…but that does not mean they will accept Article VIII at that time…it is a CBI decision…The CBI though should not wait. The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment… [But you stick to your float scenario…like glue…right?] …that is the only option…this is not a question of what they will do, we know what they will do…they can only float…the Balassa-Sanuelson effect is on our side…iraq must get off the peg and the choice is only to float…economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy…
6-1-2018 Newshound Guru Kaperoni Iraq must prepare for an influx of investment capital…what I am telling you is what will happen…they cannot reduce the not [note ?] count until the auctions end…because that is how the auctions work…the auctions are a balance between dinar and dollars…the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq…much of the information comes from all sources including documents, articles, reports, etc. The IMF is very transparent and have been very accurate.
5-31-2018 Newshound Guru Don961 We are looking for them (auctions) to be suspended … because once the value of the reinstated dinar is on par with or greater than the value of the dollar , there will be no need for them to have a currency auction and sell so many dollars from the reserves … Like other currencies, the dinar will be freely traded and used internationally for transactions … currency swaps , etc . … then the CBI reserves will increase , perhaps more gold purchased , but in any case add more value to further back and strengthen the value of Iraq’s currency … As we have been taught … this is one of the things that will happen concurrently with the release of the 2nd article and reinstatement … imo.
5-31-2018 Newshound Guru Adam Montana …It’s still Ramadan. The end. [Ends around the 15th of June]
5-31-2018 Newshound Guru ChrisC It is interesting how many spokes on the wheel are beginning to converge…Deutsche Bank is facing an imminent downgrade TODAY which most likely will trigger a derivative meltdown, CBI says all damaged bills need to be done and turned in TODAY, CBI supposedly posting some important announcement in Gazette TODAY. Is the derivative implosion cover for this event or is this event the parachute to soften the landing?
5-31-2018 Newshound/Intel Guru Mnt Goat Article: “RECOVERY OF THE IRAQI DINAR” Quote: “And that the banking sector is an important and essential role in the development and revitalization of the economic cycle…” …so here is it in black and white, contrary to what many …feel. Which comes first the economy or the banking sector reforms of the dinar? This article is telling us that to get the economy moving you need the banking sector and the currency reforms. Not my words but theirs and it all makes sense.