Guru Pimpy: "most likely those revisions are connected to what's going on with the rate change" 12/9/20

by **RamblerNash** Wed Dec 09, 2020 11:54 pm

Guru Pimpy   ...Call me crazy but I can't help but think the first rate you see is going to be some type of teaser rate...right now I get 1190 dinars for one of my dollars.  They might say 'ok, we'll increase the rate and now you only get 800 or 900 dinars for $1'. So it might not be anything really big.  So just be careful...so what are you gonna do Pimpy? ...you earn back your money plus 25%.  No, I'm just gonna sit on my dinars because I know what's coming. The more developed that country becomes the more outside investors come in there the more the dinar goes up in value. I think what they're gonna try to do is suck us speculators in there...who have been waiting 16 years and right now they'll take anything and you'll dump your dinars on the market and they will pick them up dirt cheap and eventually it will start to go up in value...It's exciting times right now.

...There is a lot of talk about the rate change happening.  As a matter of fact there's many reason to believe it's going to happen between now and the end of this year...let's stay grounded. Of course we're excited... Article: "Al-Kazemi on the 2021 budget: We will discuss it today or tomorrow Tuesday" They're putting the budget together. It's still being drafted. Some revisions had to be made and most likely those revisions are connected to what's going on with the rate change...

Article "Negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar" Yeah I know, get excited. There's been a lot of talk. A lot of talk...Like I said, it's okay to pay attention to what's being said but we don't care about what they say we care about what they do and that's what we're looking forward to.  And make no doubt about it all and I mean all arrows point to a rate change happening this year...