Dinarland Highlights - 7.21.19
Kaperoni
Generally speaking...they [The CBI/Iraq] want price discovery. They want the world to set the [dinar] rate. What they're saying is 'We are not going to change the value of our currency until investors come in and say they want to help us.' That's really what they're doing.
Guru Enorrste - That's very well stated. Of course the investors are saying exactly the opposite. 'We are not going to invest until you show us you have an open currency.' So it's a catch 22. Eventually they'll do it. They're playing chicken...
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Enorrste
Question: 8.1% - would that translate to very much inflationary pressure? There is no direct connection between the rate of growth of the GDP in Iraq and the value of the dinar. The dinar is currently fixed in value. If however the Gross Domestic Product of Iraq triples next year from the current 3% or whatever it is to 8.1% that is enormous economic growth. Take America, Under Obama we never got above 2%. Trump got us to 3.3% and we have the hugest economy in the world in two years...and it's only 3.3% so if Iraq goes from 3% to 8% in 7 to 10 months or all of next year which is 18 months that is truly phenomenal growth...
...It's like what happened in China when we allowed them into the WTO. They went up to 12% growth. That's how China became a threat to us. We made that happen. Anyway, if they [Iraq] go to that point the pressure on the dinar's value which is currently fixed would be enormous and they would be foolish not to let it float to reduce the inflationary pressure...there is no direct connection between 8.1% and how much money we're going to make. But I can say this, if they go to a float and if they get to 8.1% you're going to make a lot of money. A lot of money. That's all I can say.
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Larrykn
Lots of news out there lately and I'm not one to do any type of predicting and won't but I think the news coming out of the CBI is good for us, sooner or later Iraq will have to do something and when they do we will be real happy. Until then we wait and see. Some people say not this year and they might be right but then I feel Iraq is behind the steering wheel and will control when all this takes place, [Guru] Kap posted about Iraq GDP being over 8 % next year , wow that is impressive if they do it. But I wouldn't sell the house of that until we see what they really do. Time will tell.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Kaperoni
Generally speaking...they [The CBI/Iraq] want price discovery. They want the world to set the [dinar] rate. What they're saying is 'We are not going to change the value of our currency until investors come in and say they want to help us.' That's really what they're doing.
Guru Enorrste - That's very well stated. Of course the investors are saying exactly the opposite. 'We are not going to invest until you show us you have an open currency.' So it's a catch 22. Eventually they'll do it. They're playing chicken...
______________________________________________________
Enorrste
Question: 8.1% - would that translate to very much inflationary pressure? There is no direct connection between the rate of growth of the GDP in Iraq and the value of the dinar. The dinar is currently fixed in value. If however the Gross Domestic Product of Iraq triples next year from the current 3% or whatever it is to 8.1% that is enormous economic growth. Take America, Under Obama we never got above 2%. Trump got us to 3.3% and we have the hugest economy in the world in two years...and it's only 3.3% so if Iraq goes from 3% to 8% in 7 to 10 months or all of next year which is 18 months that is truly phenomenal growth...
...It's like what happened in China when we allowed them into the WTO. They went up to 12% growth. That's how China became a threat to us. We made that happen. Anyway, if they [Iraq] go to that point the pressure on the dinar's value which is currently fixed would be enormous and they would be foolish not to let it float to reduce the inflationary pressure...there is no direct connection between 8.1% and how much money we're going to make. But I can say this, if they go to a float and if they get to 8.1% you're going to make a lot of money. A lot of money. That's all I can say.
______________________________________________________
Larrykn
Lots of news out there lately and I'm not one to do any type of predicting and won't but I think the news coming out of the CBI is good for us, sooner or later Iraq will have to do something and when they do we will be real happy. Until then we wait and see. Some people say not this year and they might be right but then I feel Iraq is behind the steering wheel and will control when all this takes place, [Guru] Kap posted about Iraq GDP being over 8 % next year , wow that is impressive if they do it. But I wouldn't sell the house of that until we see what they really do. Time will tell.
---
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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