Iraqi Dinar Guru opinions 6-17-18
Iraqi Dinar Guru opinions 6-17-18
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple… The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news…But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni …Iraq would never sell oil for $32 a barrel that’s less than it costs them to get it out of the ground. …Iraq can sell oil on the open market every day of the week for market price…The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
6-16-2018 Newshound/Intel Guru Mnt Goat Question: …WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS? [Reference Guru Mnt Goat post 6-16-2018 below] Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind. First there was the money made on a spread when the online currency broker or bank sold the dinar to you. Second is the money you make as the investor on the initial exchange. Third..
6-16-2018 Newshound/Intel Guru Mnt Goat …then the bank makes their spread. Forth,… then the US Treasury (US govt) makes billions off of brokering the oil credits to oil companies so they get the oil as discounted prices from Iraq. Some of the oil credits are already sold to other countries that did not participate in the gulf wars. This already helped beef up the gold reserves for the US under Basil III. It is win-win situation for all parties… I want you to truly know your investment and know there is so much money to be made in this process that this event MUST happen.
6-16-2018 Newshound Guru Kaperoni Great news! The CBI has officially met the IMF 3-month requirement to maintain the official rate/ market-rate spread at 2% or less. This requirement was a prerequisite to acceptance into IMF Article VIII. They must continue to maintain that until they make the decision to move to Article VIII. If they fall out of compliance they will have to begin the 3-month requirement again. Many believe the CBI will not take that risk and will write the letter to the IMF requesting and accepting Article VIII right away. Personally, I don’t think the CBI will move until the new government has been formed. Others disagree but we’ll just have to wait and see. Accepting Article VIII has significant benefits to us as investors. The dinar becomes internationally-recognized and convertible and would also require the CBI to move off the peg to some type of float to counter inflationary pressure created by investors/investment. Since Iraq has yet to hold their annual Article IV Consultation with the IMF I expect that will occur at the same time as them accepting Article VIII.
6-16-2018 Newshound/Intel Guru Mnt Goat THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE? Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did. Question: How will these oil credits work? Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. …But these are not normal situations for the Iraqi dinar…
6-16-2018 Newshound/Intel Guru Mnt Goat The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years. So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out.