9-26-2017 Newshound Guru payray From a stability standpoint it would not bode well for the Kurds to force the issue of independence… It would definitely have a negative reaction, if not the possibility of war upon this nation if this were to occur at this time… This referendum is nothing more than an opinion vote… It would be best if it remained that way for the time being… Especially as it concerns our investment… I believe most Kurd’s would be willing to wait, and see if the current leadership in Baghdad will actually pay their bills, and want harmony with them… In the mean time, there are many nations in the Middle East who have invested a lot of money into Iraq, and right now they see dollar signs…
9-26-2017 Newshound Guru tman23 [So, you thinking that there is value in the dinar in all of this in the near term?] I believe they have to begin reconstruction ASAP…YESTERDAY!!! … And cannot afford not to have a quick reconciliation of sorts with Erbil… I think we are in the best position ever to get an answer…on where the currency is going.
9-26-2017 Newshound Guru chattels [Are there any results from the referendum?] Nothing official until later in the week I expect. Rudaw reporting high turnouts. One report says 93% + ” Yes “. History in the making.
9-25-2017 Intel/Newshound Guru payray The people of Kurdistan want peace, and prosperity… The situation is set up for this to occur… Regardless of the referendum’s outcome, there will be a united Iraq… Barzani understands this… The relationship with Abadi is good, and with all of the entities holding Baghdad accountable, IMHO, this is all smoke, and mirrors… Investment has continued within this country, and confidence is high… Except how it is portrayed within the media… I believe that at some point in the future the Kurds will be independent… But at this point in time, it will not be… There are valid reasons for this… The plan is for economic prosperity not only for Iraq, but for the world at large as well…
9-25-2017 Intel Guru RayRen98 Citizens were upset because they were hearing that their pay would not be at the new rate as they had expected. Sure enough, someone called me and said they had been paid in Iraq, but not at the new rate. You already know about the politics of Iraq. They are voting on the Kurdish independence referendum, and it will be hours before we have information on that. We did see an IMF report saying that whatever the Kurds do, it won’t affect the finances of the country. I believe that the Kurds are serious about wanting their independence; this is just bad timing. But they are not after what we are after…They want freedom from oppression and a voice in their own future. That’s different from what we are looking for.
9-25-2017 Intel Guru RayRen98 [If they want to have their own country, how does that affect Iraq?] I don’t think that is something we have to worry about. Our banking contacts are still on high expectancy, looking extremely good for this week, from that angle. Sure we could go into October – we just don’t have enough data to determine that, one way or another. We just have to wait and see how it plays out; as for dates, we are in limbo, but we still feel good about the revaluation itself.
9-25-2017 Guest Guru BobTheTaxMan …This [dinar exchange] is NOT going to be treated as capital gains despite what other people may say. It’s not. It’s going to be treated as ordinary income. We don’t qualify for it to be treated as Forex…we’re not actively trading it, we’re holding it as an investment…One one who tells you it’s going to fall in the capital gains arena is incorrect. It’s not going to be that. It’s going to be ordinary income. So we have the two income taxes to deal with…We have the Federal…and the State income tax…[NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]