Iraqi Dinar Guru opinions-predictions12-22-2019 Newshound/Intel Guru Mnt Goat …the plan is still basically as it has been all along and has not changed. What has changed now is the forced political support for it and that the US and the IMF now support the sign-off process. By the way we do not have to wait 6 months or even a year for the economy to progress or for the private sector to develop as some…keep telling you…
12-22-2019 Intel Guru RayRen98 Demonstrations have turned violent in Southern Iraq…protestors set fire to the headquarters of the Shiite party. …New reports now indicate that the Prime Minister will be announced on Tuesday instead of Sunday. It is being stated that Allawi has 170 votes from the ministers making him likely to be the next Prime Minister. Reportedly, Saleh is naming Allawi as Prime Minister and that he will take office in January of the new year. Time Will Tell All!
12-22-2019 Newshound Guru MilitiaMan …I know it is not over just yet, but, very good collective evidence suggests thus far that end is this year effectively. …my bet is placed on that it is 100%. Why…? Because…They haven’t denied it this year. In fact, they have confirmed they have orders to complete the monetary reforms and have accepted them. (USA influenced). The CBI accepted back in September 30, 2019 +- those orders. …the process is underway, has been and is not stopping…So, let’s see what happens…now is a possible go time for us more sooner than later…All of this is I’m my opinion.
12-21-2019 Newshound Guru Jeff …In the past Iraq has always finalized and completed their budgets during Q1 of that budget year and they would just backdate the budget to January 1st…This is one of the first years they’re implementing a temporary budget. What the temporary budget tells us is that yes they’re following suit as they have in the past. They’re approving their 2020 budget in Q1 of 2020 but because they’re implementing a temporary budget that tells us they’re not backdating the 2020 budget to start January 1st. So what they’re saying is they need external funds to cover them through Q1 of 2020 because the 2020 budget is not going to be backdated or starting on January 1st…
12-21-2019 Newshound Guru Jeff …They’re telling us indirectly that they’re going to transition to a different fiscal year and start 2020 budget most likely around Q2, which for them would be a new fiscal year ranging from April 1st through March. Why would they transition to a different fiscal year? That’s a step they actually have to do when they change the rate…in order to achieve a rate greater than the dollar they have to un-peg the dinar from the dollar and re-peg it to an assortment basket identical to Kuwait. That’s why Kuwait on March 24th of ’91 changed their rate at the end of March for their budget fiscal year which starts April 1st. As you see Iraq is right now in the process of doing that right before your eyes…
12-21-2019 Newshound/Intel Guru Mnt Goat Listen folks Iraq has almost three times more resources and oil than Kuwait as well as agriculture and other precious minerals that Kuwait does not have. Kuwait also does not have a viable “market economy” or even much if any private sector industry…So why is the dinar for Kuwait (Iraq’s next door neighbor) with a rate of around $3.30+ ? So, we know the value in the Iraqi dinar and it is at least the $3.22 prewar rate to reflect it. We must conclude that the rate (to reflect the value) is being artificially stiffened.
12-21-2019 Newshound/Intel Guru Mnt Goat The key word here is “artificially”. Iraq does not need to do anything more than get rid of the Iranian corruption and form a stable government to allow the CBI to trigger the project to delete the zeros, which we know ultimately leads to the reinstatement. Yes, folks this could literally happen very quickly and is not a 6 months or even years more to drag this out. I will tell you exactly what my CBI contact says and nothing more. NO lies! You have it straight from them now.
12-21-2019 Newshound Guru Jeff …I saw one of the more popular gurus come out and say that there’s nothing left for Iraq to do other than just change the rate and that is completely incorrect…if there’s nothing left then why the hell am I still waiting? …what are we still waiting on? How do we know the rate is even going to change? What reveals to us the rate is gonna change? …Iraq has done more within the year of ’19 than they’ve ever done before…between January through June they were putting together contracts for trade agreements…Iraq cannot pay outside contractors…with the Iraqi dinar until it’s internationally recognized.
12-21-2019 Newshound Guru Jeff Second you have seen a lot of articles that if they were to pay for reconstruction with the current value of the dinar they risk it spiking their inflation. So both reconstruction and trade are post rate change steps…we’re waiting on the 2020 budget and it means the rate change is married to the budget because the post rate change items are inside of the budget…based on all those items that does suggest to us that Iraq throughout the entire year of 2019 has been setting the stage for the rate change.