Nick Fleming RVGCR Intel Update July 17, 2024
MarkZ [via PDK] I am…hearing that we are in the window for the release of the budget and it will be in the Gazette soon. I am blown away from the information out of Iraq…
I should have mentioned last night that this is an RI – with an adjustment for inflation. The original RI rate was around $3.22…I did not qualify that last night.
Yada (TNT) …I believe they could of released the rate 4-1-24 but chose to have the amendments for 2024 before they did and that was done. …all the info is pointing for a GO.
Frank26 (KTFA) [Iraq boots-on-the-ground report] FIREFLY: My bank guy just flat out came out and told me, to be honest with you I think it will reinstate to what it was before and then it’s going to float like any other international currency…It’s more from the rumor mill.
FRANK: I know it’s going to reinstate. You know it. The money exchangers know it, that’s why they went ape %$^%. That’s why they’re happy! …This is the 3rd time your bank friend tells you $3.22 and it will float…That is the most logical thing for the CBI to do.
FIREFLY: Sudani said we have a new currency… FRANK: They’re not talking about the 3-zero notes…They’re talking about the new currency that’s going to match a new exchange rate. FIREFLY: Any new currency will have to be lower notes…What will happen in the coming days with the monetary reform. Value.
MilitiaMan , They pushed out the HOR meeting till after this next holiday which is on the 17th…The WTO meeting they say is on the 18th unless their calendar changes. I highly suspect that won’t be the case.
They set the stage for the presidency to be done on the 20th. Those are the things we’re looking at today…I hope you guys understand what we’re seeing is powerful and I’m pretty excited and I think everybody else should be. It’s really looking good…
PompeyPeter , Deputy Prime Minister of Iraq has been in Washington that’s well covered in articles…The CBI governor was also in Washington.
We believe there is a possibility that a higher rate was being discussed which could have been the purpose of the ‘whites of the eyes’ meeting while these gentleman were in the United States…
Just an opinion that a higher rate may have been involved and that needed not any approval but support and discussion with support. Samson (KTFA) Article:’Negotiations for Iraq’s accession to the World Trade Organization after a 16-year absence’
Clare (KTFA) Article: ‘Iraq resumes negotiations to join WTO’ Quote: ‘The Iraqi negotiating teams have begun their preparatory meetings at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working group on Iraq’s accession.’
Henig (KTFA) Question about Guru Frank26 tax post 7-15-2024 below
‘I specifically asked last year did we have to have receipts of when we purchased dinar…
i was told no we did not. now…frank says-Yes you’re going to pay taxes, that’s why it’s important to have a receipt…please let me in on what is going on. need receipts or not.’
IMO receipts aren’t needed for the exchange transaction itself…But when you do your taxes I believe there’s a VERY good chance that the IRS would want to know the dates on which you purchased your currency in order to determine whether it falls into long term capital gains or short term capital gains for tax purposes.
Walkingstick (KTFA) Notice how everything is lining up for the monetary reform. That’s how you know it’s not BS.
