Eagle 1 & Okie Oil Man
Mon, Aug 26, 2013
Subject: Dinar RV Countdown to 9/1
[..OKIEOILMAN] GOOD TUESDAY MORNING AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS.
WELL HERE WE ARE STILL WAITING ON WHAT WAS SCHEDULED FOR 3 AM THIS MORNING. THE DELAY IS NOT ONLY INEXCUSABLE BUT NOT UNDERSTANDABLE AT THIS EXACT MOMENT.
ONE THING THAT MAY HAVE BEEN IMPLICATED IN THIS DELAY IS THE FACT THAT TODAY THE USA WAS TO RECEIVE 600 TRILLION DOLLARS (YES , YOU READ THAT RIGHT) FROM COUNTRIES THAT HAS OWED US MONEY FOR DECADES, STARTING FROM WW1 TO DATE. *… Read More Link On Right* THIS VAST SUM OF MONEY WOULD HAVE BEEN A REAL PANACEA FOR OUR COUNTRY.
THERE ARE MANY OTHER COUNTRIES THAT HAD A PROPOSED AND PROMISED SETTLEMENT THAT WOULD HAVE AFFECTED THE ENTIRE WORLDS ECONOMY ALSO.
THERE WERE ALSO A LOT OF TRAVELING FROM FRISCO TO RENO LAST NIGHT WHICH INDICATES ACTIVITY TOWARD A HOPEFUL PROSPEROUS ENDING TO THIS SAGA.
AT THIS MOMENT THERE ARE STILL A SCURRY OF ACTIVITY PRESENT TO BRING THE R/V TO FRUITION.
LAST NIGHT SHOWED US THAT AT THE LAST MINUTE THINGS CHANGE AND SITUATIONS INTERVENE WITH PREVIOUSLY SCHEDULED PLANS.
THE SYRIAN SITUATION MAY STILL HAVE IMPLICATIONS ON THIS ALSO. SEEMS LIKE THE WHOLE WORLD IS GROANING WITH BIRTHING PAINS FOR RELIEF FINANCIALLY AND ANY FURTHER DELAY WOULD ONLY PROMULGATE THE SITUATION FURTHER.
WE ARE STILL EXPECTING THIS AT ANY TIME BARRING ANY FURTHER INCIDENTS THAT WOULD AFFECT THE RELEASE OF THE R/V.–BLESSINGS
[..OKIEOILMAN] LAST NIGHTS PROMISES TO ME HAS ME JUST AS UPSET AND DISAPPOINTED AS ANYONE—WOULD YOU LIKE TO STICK YOUR NECK OUT WITH INFORMATION CONSIDERED VERY RELIABLE AND THEN IT NOT COME TO FRUITION?–
THIS NEARLY MAKES ME WANT TO HONOR MY GAG ORDER AGAIN–AT LEAST THIS WILL GIVE DINAR DAILY SOMETHING ELSE TO CRUCIFY ME OVER–OF THAT YOU CAN BE SURE.
Eagle 1 -Good Evening, Family:
With all of the hullabaloo over yesterday's Nasdaq outage and a bit of misinformation that's circulating and causing undue worries, it seemed appropriate for me to take everyone through a lengthy series of events that have been unfolding during the past few weeks.
Let's begin by going back to June 27th when the UN lifted the sanctions on Iraq and Chapter VII was signed off. There was strong expectation that we would see the release of the IQD, along with the Global Currency Reset, and behind-the-scenes intel said that things were moving forward for the imminent release. We learned that the Iraqi Stock Exchange (ISX) was integrated into Nasdaq on July 1.
We had reliable release date information that came from credible sources actually involved in the process, and yet those dates came and went without any visible change.
We learned of multiple efforts to load the FOREX screens along with the administrative FX bank screens and had reports from officials within WF and Chase that they could see the new rates on their screens; and yet we saw no RV or GCR. …. *Read More link on Right* On July 23rd, we had confirmed eyewitness reports that Dr. Shabibi signed off on the new rate for the IQD/IQN and sent his paperwork to the UNSC. On July 24th, Ban Ki Moon signed off on that same paperwork and the following day, July 25th, rang the closing bell on the NYSE and at the same time introduced the president of Euronext.
The president of Euronext welcomed Iraq and four other ME countries into the Stock Exchanges. Everything seemed to be set for the immediate release of the IQD/IQN and the GCR.
Now we come to August 1st. The IQD ceased to trade on FOREX and flatlined. We learned that it had now officially become the IQN, marking what should have announced the Dinar's move to the newly revalued rate.
Still we saw nothing on FOREX and bank screens continued to display the old rates. I began to hear rumblings in the background that Wells Fargo was behind the delays. Because WF had been assigned the lead role in the GCR, I frankly dismissed the reports as bad rumors and pooh-poohed them.
Turns out I was wrong. We could have seen the RV on July 25, and should have seen it no later than August 1 when the IQD became the IQN.
However, as I have learned, WF's management (or at least a significant portion of it) was holding out for a larger spread after they had already agreed many months before to the fee structure in a meeting with the Secretary of the Treasury and the Managing Director of the IMF.
It has been reported by another blogger (whose name I will omit in this report) that because of WF's significant IT department, they were given the lead role in that same meeting to initiate the GCR.
*That brings us to yesterday.*
We had been hearing multiple and credible reports of Christine Lagarde's frustration over the delays, and a report was issued which indicated that she was at the end of her patience with WF. According to intel provided to us, Jack Lew stepped into the picture and met with WF's management.
They were advised to "stick with the agreed-upon fee structure" or WF would not be permitted to continue in its role as lead bank.
I'm told that the threat even included WF's removal from the exchange process. A threat like that would have meant the loss of multiplied billions of dollars in revenue to the bank. Wells Fargo quickly capitulated.
Now, let me change horses in the middle of the stream for just a bit.
For those of you who don't understand the makeup of the IMF it basically works like this. 24 Executive Directors make up Executive Board. The Executive Directors represent all 188 member-countries.
Countries with large economies have their own Executive Director, but most countries are grouped in constituencies representing four or more countries. Eight countries each appoint an Executive Director: the United States, Japan, Germany, France, the United Kingdom, China, the Russian Federation, and Saudi Arabia.
The remaining 16 Directors represent constituencies consisting of 4 to 22 countries. Christine Lagarde, as you all know, is the Managing Director of the IMF.
The way I understand the inner workings of the Executive Board, the aforementioned eight countries with their individual Executive Directors form the final authority.
When there is a major event to take place, such as the GCR, each of them has a coded "Key Card" with an electronic code which is transmitted to some unspecified central computer.
Each of them must "swipe" their card in order to activate an agreed-upon event. As long as the testing of the system has gone on, each of the eight countries has swiped their cards without hesitation.
However, as we have approached the completion of the testing phases and prepared for the final implementation, China has been the lone holdout in this process, objecting to WF's press for a higher fee structure.
China finally reached the end of their frustration and filed a lawsuit against WF's management. This was the point at which Jack Lew intervened. Once WF's management team capitulated, China swiped their card and things began to move yesterday.
Today, in televised interviews given on both FOX Business News and Bloomberg News at the Jackson Hole Conference, Christine Lagarde made it clear that "The banking system needs to be unclogged, and liquidity as well as "instruments" need to move fluidly throughout the system, which has not been the case."
Just prior to her television interviews she said the following as part of a prepared speech to the entire symposium, "Global policymakers—all policymakers, within countries and across countries—have a responsibility to take the full range of actions needed to restore stability and growth, and to reduce imbalances."
*Got the picture? Think she means it?*
Now, let's get back to where we were before we changed horses.
Once the decision was made to press forward with the GCR, the process began and the trigger was pulled. Ooopssss!!!! Somebody forgot that no tests had been run using the Nasdaq Exchange.
The Security Information Processor (SIP) had never been reprogrammed to allow for changes as massive as this. You understand that the SIP was designed to deal with stock movements within a given trading period.
Maximum increases and Maximum losses are set for the various stocks as a percentage of their value, along with actual dollar fluctuations. The SIP was never programmed to deal with the kind of changes that would come along when the value of the currencies being used for trade suddenly changed — in some cases by more than a thousand percent!
The SIP was programmed to reset itself after a thirty-minute wait to allow trading to resume. Normally this processor would stop certain trades with certain stocks or funds — not shut down the whole exchange.
When all of the new numbers were pushed into the system, the SIP crashed. It reset itself and then crashed again…..and again…..and again — six times!
Apparently it took that much time for some brilliant IT guy to figure out that the parameters had to be reset. And that process has been ongoing since.
Yesterday's Nasdaq activity, however, was not without other consequences — and interesting activity otherwise! When the Nasdaq went down, the ISX went with it. Six minutes later, the NYSE went down, followed by the Toronto Stock Exchange. That was followed by other exchanges in other countries. The other exchanges did not stay down for long, having the ability to disconnect from Nasdaq and restore their own trading.
Here's the peculiar — and verrrry interrrresting — thing that took place on FOREX during this Nasdaq outage! The IQN, the VND and the IDR all moved suddenly. They rose together, mirroring each other's movements and spreads, then sank together — again mirroring each other — and finally returned to the previous programmed rates.
As the FOREX team noted, "this was manipulation! Somebody was trying to force these currencies to a whole new level." In truth, it was a reflection of the effort to move the GCR along to its conclusion.
There is a whole lot more information I could share but this is a good place to leave it. Let me end this post by saying that our intel from the IMF and the UN is telling us that they want this thing finished no later than September 1.
*That's the end of next week. That doesn't mean they will wait until September 1 to implement the GCR. In fact, the evidence suggests that they will continue to work at this until every single programming parameter has been resolved. *
If they push this thing through over the weekend, you won't get to do much in the way of exchange before Tuesday.
Don't forget the Tuesday, Wednesday, Thursday international banking rule. No major movements of funds take place on Monday or Friday. Friday is bank tabulation day for the week's business. Monday is audit day. New business is conducted on Tuesday through Thursday when it affects the global economy.
Hope this little discussion will be of help to all of you and help you understand the magnitude of what is taking place. The RV is not a local event: it is global!
Blessings on you.
8-25-2013 Intel Guru Loechin Info is still coming in and yes I do think we are going to see this thing pop. I have not heard of any issues at all. I am very excited knowing that we will be in the upper 1% soon. So make sure your plans are in place, take a deep breath because the Party is about to begin. [tonight or tomorrow possibly?] We are right on top of this now. Still Double to guys.
8-25-2013 Newshound/Intel Guru BGG Article: "Economic Committee calls for CBI put a new strategy to raise the value of IQD; Committee will host proxy governor and officials to determine reasons behind delay" This…actually alludes to the possibility of Turki being called in to account for not having addressed the value of the Dinar. It is very obvious they are looking for a change and want to know why it hasn’t happened yet.
8-25-2013 Intel Guru Loechin I just received a text that all systems are Go. We should very soon see this thing my contacts are saying. I am very excited right now with all the information that is pouring in as I type this. Yes I think this is the End. RV land is where we are guys.
8-25-2013 Newshound/Intel Guru Flashing Article: "Iraq promised India to solve exchange related problems" Quote: "We are exploring the possibility of trading in local currencies, the dinar and rupee." DOES THAT MEAN THE IQD WILL BE TRADEABLE? Quote: "WORKING TO RESOLVE THE EXCHANGE ISSUES?" DOES THIS MEAN RV? I THINK REAL DRIVERS ARE TELLING US WE ARE ABOUT TO SEE THE BIRTH OF OUR EXPECTED BABY. THE INCOMING DAYS LOOK PROMISING FOR US.
8-25-2013 Intel Guru TNT Tony Things are looking GREAT! This has been a great weekend for news. We are hearing what others are hearing. A good time to start looking for this would be: – this evening as banks are on HIGH ALERT – Tomorrow morning before Nasdaq opens as the system is complete and has been tested again Tuesday morning has great expectations for other things that can not happen without the RV!
8-25-2013 Newshound Guru Millionday the gov is not happy with the leader of cbi in place. i would say if they are saying that in live press statements they are for the economic reform law. we have so much good news right now and iraq is rushing to force the economic reform and that my friends is great news – for us and for them. [post 2 of 2]
8-25-2013 Newshound Guru Millionday as we know the release of the country from sanctions would have been huge if the steps expected were taken. here is how parliament feels about the lack of the change in value: Article: "Economic parliamentary calls for the central bank put a new strategy to raise the value of the dinar for the advancement of economic reality and to achieve the desired goal". so what we know is that parliament is making press statements that they are going to pull turki and officials if they do not change the rate which was the benefit of being released from economic sanctions… [post 1 of 2….stay tuned]
8-25-2013 Newshound/Intel Guru BGG Article: "Mahma Khalil: The Central Bank is responsible for the fluctuation of the exchange rate of the Iraqi dinar" This is a great piece pointing out the sentiment of the Economic Commission in Parliament. …there are several entities that all have some influence over this situation. The Economic Committee, the Finance Committee, The CBI, The GOI (as in Maliki’s bunch), The IMF and potentially the UN. The good news – Parliament is looking more and more like they are on our side.
8-25-2013 Intel Guru TD As far as the hoopla about the Nasdaq meltdown, we have learned in the past that TIME always dispels these off the wall rumors and will do so again here (as nothing happens related to the RV). All these very intelligent people CANNOT be so dumb as to "Overload the system" whereby a simple solution would have been to release any currencies in groups or baskets rather than forcing 190+ countries at one time. IMHO, there is no such thing as a 190 + global reset. [post 2 of 2]
8-25-2013 Intel Guru TD I was told to look for some VERY IMPORTANT articles to be released regarding our investment mid -late this week. There is some behind the scenes activity going on this weekend and important meetings next couple days. Again to clarify a few points from last week: June 2014 was given as a COMPLETION date of the currency reaching a "comfort zone" of stability, what is at hand now is whether to initiate the release in the near term such as September or to withhold release to the new quarter of 2014 as some lawmakers want. The meetings this week will hopefully decide that issue. We should know by end of this week our probability of sooner than later or whether we are left in a holding pattern. [post 1 of 2….stay tuned]
8-25-2013 Intel Guru Jester WELL I FEEL LIKE WE ARE STILL IN A GOOD PLACE… WE KNOW THEY HAVE RESET EVERYTHING FROM THURSDAY AND ARE READY TO GO… WAS PRETTY EXCITED ABOUT TONIGHT BUT THAT HAS SETTLED DOWN QUITE A BIT…BUT I STILL THINK WE ARE IN A GREAT WINDOW… I GUESS THE WEEKEND SCENARIO IS MORE LIKELY ON SUNDAY SO I SUPPOSE WE HAVE TO SEE HOW TOMORROW [SUNDAY] GOES…WE ARE WAITING FOR THEM TO FINISH UP THE PROCESS AND GET IT RESET IN THE TIME THEY CHOOSE… THAT IS A PRETTY ACCURATE SUMMARY.
8-25-2013 Intel/Newshound Guru Poppy3 MANY THOUGHT JUST BECAUSE DR SHABIBI WAS DISMISSED THAT THE MATH CHANGED (NOT) MATH IS MATH AND THEIR ECONOMY STILL HAS THE SAME NEEDS THAT SHABIBI SPELLED OUT. TO ME ONLY THE TIMING HAS CHANGED WITH HIM LEAVING BECAUSE HE WAS READY TO DO THE RV AND MALIKI STILL NEEDED IT FOR THE MANIPULATION OF PARLIAMENT AND THE GOI. TO ME THESE ARE THE THINGS THAT STILL REMAIN TRUE AND I AM EXPECTING TO SEE A RATE WITHIN NO LESS THAN 20% OF KUWAIT AND LAST TIME I SAW THEIR RATE IT WAS AROUND $3.60. [post 2 of 2]
8-25-2013 Intel/Newshound Guru Poppy3 I AM SORRY THAT I DISAGREE WITH MANY OF MY RESEARCH BUDDIES ABOUT THE LOW RATE RV AND THE FLOAT PROSPECT BUT I JUST CAN'T FORESEE THAT HAPPENING PERIOD. I HAVE LISTENED AND READ ALL THE EXCUSES BEING USED FOR TRYING TO RATIONALIZE A LOW RATE TO START AND TO ME THE MERITS ARE JUST NOT THERE AND THEN LIKE THE ARTICLE THAT WAS POSTED YESTERDAY WITH THE STATEMENT OF WHAT THE CBI WANTS I AM EVEN MORE CONVINCED THAT MY ASSESSMENT IS CORRECT. [post 1 of 2….stay tuned]
8-24-2013 Intel Guru 12thMan [via aggiemaniac] All is on for this weekend. All final tests are being completed. International release sometime mid afternoon CST on Sunday. Call centers open at 6pm Sunday night.
8-24-2013 Intel/Newshound Guru Poppy3 THEY ARE DEMANDING TURKI RAISE THE RATE YET HE STAND FIRM AGAINST IT TILL MALIKI SAYS GO AND THESE GUYS..HAVE ZERO TO DO WITH THE RATE OR RELEASE DATE …THEY DID POST YESTERDAY…THAT THE CBI STATED A FIXED RATE NOT A FLOAT? CBI SAID FIXED. DID YOU GUYS HERE THAT? HEY JUST A THOUGHT IRAQ MAY RV NEXT WEEK. TIME WILL TELL POPPY3
8-24-2013 Intel Guru Loechin We are waiting to see how things play out over the weekend. At this point we are still in double digits and we are really just waiting as we have been. There are no current issues as of 7 am eastern time. [You don’t think US will push too far and lose their high rate which has already been agreed upon do you?] If things go now then we will be in great shape.
8-24-2013 Newshound Guru Millionday the national meeting date to be set this week and the president is going to sign the charter as well…only took years but there it is coming. [does the national meet have to happen first?] so many said it would not happen until after the national, maybe they were right…ugh. so that is what we have –the national date on the way — maliki is signing agreements everywhere — kuwait agreements in their entirety activated this coming month and the citizens are trying to take back their safety.
8-24-2013 Intel/Newshound Guru Poppy3 THERE ARE…MANY…SAYING TODAY, TONIGHT, TOMORROW, SATURDAY, SUNDAY ETC…HERE IS A FACT AND I MEAN A CERTAIN FACT — NO ONE KNOWS OR WILL KNOW…AND ONLY LESS THAN 5 PEOPLE IN AMERICA WILL KNOW AND HAVE A HEADS UP AND THEY WILL ONLY BE TOLD ABOUT 20 MINUTES PRIOR TO IT GOING GLOBAL. POPPY3
8-24-2013 Intel Guru TNT Tony [How come we’re not talking about RV in Iraq anymore?] I am pretty sure that I told they were paying 3 different rates on cards $.86, $1.18 and $3.44, depending on who they are government contractors, etc. They did it to calm the masses down in Iraq. They are buying stuff they were never able to buy before. [Do you think it will RV by Labor Day?] Sure hope so, I don't see any reason why not.
8-24-2013 Newshound/Intel Guru BGG [no rv?] not yet…we may be getting close.
8-22-2013 Newshound Guru Shredd stability is what held Turki back…he can't have the dinar come out, dedollarize and bring strength to the dinar if the pricing is all over the place, yes, it's all perfect timing. …this is a whole new Iraq now that they are a sovereign democracy and with their amazing wealth and in a dual currency situation with crappy worn out dinar and a fluctuating dollar to deal with, Turki is closer than ever to gaining stability in currency pricing, we are close, now git r dunnnnnnnnnnnnnn.
8-22-2013 Intel Guru TNT Tony Well, Well, Well, nothing to do with the RV…….Right. There was advance notice given to some that this would happen, and we should all be glad that it did. One more step to you realizing your dream.I will talk about this tomorrow if we get a chance, even though you probably won't even care. Everyone is in and monitoring the system and if it all goes right, (happy days are here again).
8-22-2013 Intel Guru TerryK SO I'M HEARING STILL THIS CRAZY RATE ON BOTH CURRENCIES. MY SOURCES FOR TWO WEEKS ARE LIKE ON SUPER DUPER HIGH ALERT, PINS AND NEEDLES STUFF. [in your opinion can CL actual supercede O/China/Iraq and everyone else and push the RV button?] YES, SHE CAN BUT WE DONT WANT THAT. THAT WOULD PUSH A LOWER RATE.
8-22-2013 Intel Guru Frank26 Article quote: "Revealed reliable sources from inside the Green Zone, the family-Maliki fled to Britain…" [Didn’t someone (who shall remain nameless ), say that when Maliki is gone, then the RV process would be accelerated?] Oh yes Indeed. BUT MORE IMPORTANT Is the fact that I told You 1.5 years ago that WHEN M is removed he will be sent to "LONDON". As for NYSE…The last time I studied this was what happened in 1933. Unless we are at war or being invaded…Something is happening with world currencies, IMO.
8-22-2013 Intel Guru TD Now, another item still in discussion and of utmost importance to us is the time frame of calling in the old notes. It's not yet settled is the answer! There are several ideas on the table: anywhere from 30 days (as was rumored) to many months. Besides a few laws to ratify THIS ISSUE remains as a sticking point of decision prior to release of the IQD internationally. I was told that decision may come as early as the end of August. [post 3 of 3]
8-22-2013 Intel Guru TD A trust but verify approach to make sure commitments are actually done and not just say they will be by law. Some proof of execution such as article 140 is being put up as proof it's being done fairly & properly. There is now SERIOUS talk of getting the rest done and enter world financial agreements & transactions here shortly in September. They will enact the agreed IMF plan of a float. I confirmed several times with my source the possibility of a straight out RV. THE ANSWER IS ZERO CHANCE OF THAT TAKING PLACE!! [post 2 of 3….stay tuned]
8-22-2013 Intel Guru TD I was able to get 3 confirmations last couple days that Iraq has set a GOAL, a line in the sand of June 2014 as the drop dead date of completion of their currency reform program. They are hopeful for sooner but this is a time table of commitment. As reported earlier some laws are being revised and some needed to still pass. Last couple days a small amount is checked off the do list. My source says that various entities want GUARANTEES of execution of these laws. (post 1 of 3….stay tuned]
8-22-2013 Newshound Guru Enorrste Article: "Financial representative: on the Central Bank on monetary policy open" Article quote: "…will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." the CBI is announcing that they are about to follow the IMF "open market operations" program to a "T." What does that mean? It means that they will begin to reduce the money supply! And what does that mean? It means that the VALUE of the remaining money will RISE. And what is the goal? Clearly stated, it is to get the dinar up in value BEFORE next June. Now, you have to start somewhere before you get to BEFORE June, right? I think this article is saying that they are about to start. That means "free float."
8-22-2013 Intel Guru Jester [how are you feeling with today’s intel, are we in the window still] WELL SOME THINGS GOT DONE TODAY [WEDNESDAY]… THERE WERE SOME ORDERS DONE THAT NEEDED TO BE COMPLETED RELATIVE TO OUR INVESTMENT… LEW WAS THERE… I HEARD ALL THAT WAS FINISHED AND NOW THINGS ARE ABOUT READY TO GO.
8-22-2013 Intel Guru Frank26 AT 12:14 PM EST TODAY NASDAQ SHUT DOWN. AT 12:18 PM EST ALL STOCK EXCHANGE SYMBOLS STARTED SHUTTING DOWN IN ALPHABETICAL ORDER. ALL TRADE HAS BEEN HALTED ALONG WITH OTHER ACTIVITIES…THEY ARE CLAIMING IT IS FOR TECHNICAL ISSUES. WELLS FARGO IS BEING CHASTIZED BY CHRISTINE AND WAS GIVEN FINAL INSTRUCTIONS TODAY. TAKE IT OR LEAVE IT. CHINA DECIDED NOT TO WAIT AND HAS FILED A LAWSUIT AGAINST WF MANAGEMENT.
8-22-2013 Intel Guru Mnt Goat There is a plan. Only they are having issues not executing the plan to the final stages. The longer they wait (now not intentional) the more magnified the situation becomes. Some say the technical issue(s) are just an excuse to delay this due to actions going on with security in Iraq? I do not believe this for one second since I know better. I know personally people who are involved in getting the technical issues fixed, so this is real and happening. I can assure you. When this is fixed we will get our RV.
8-22-2013 Intel Guru Loechin The RV is here folks bottom line. It is complete even though you nor I are at the bank YET. There are no delays, holdups or anything that is in the way and if there was it has been dealt with. Remember my analogy of the train. All have now left the train. First class is done, Business Class is ALMOST done, then we will order and be done and leave the building forever.
8-22-2013 Newshound Guru Doc We are expecting this to happen reasonably quickly such that there is significant increase in the value by June 2014. How high will it go by then no one knows. In a free float scenario the market will determine the value. Our speculation is Iraq would like to see it around $1 so it can dedollarize. We caution all to not plan for this because in a free float scenario it is the market that will determine the price. Any bad news like civil unrest or a fall in oil production will have sever negative impact on the value. However, this encourages us greatly in that it appears there is a firm plan to begin appreciating the dinar in value. We report, you decide. [post 2 of 2]
8-22-2013 Newshound Guru Doc We are looking at several articles that can be paraphrased as "the CBI reported to the House of Representatives that it was putting a new mechanism in place that it believes will result in a significant raise in the value of the dinar versus the USD by June 2014". This pretty well debunks the "at any moment" hype. If you believe the CBI is going to do a straight RV then these articles say you are looking at waiting until June 2014 for it to happen. The real message here is most likely they are preparing for the float mechanism we have been speculating for several months. [post 1of 2….stay tuned]
8-22-2013 Newshound/Intel Guru Arthur IT IS ALSO NO COINCIDENCE THAT SEVERAL MAJOR BILATERAL FINANCIAL AGREEMENTS SUCH AS THE ONE EARLIER TODAY – WITH THE BAN LIFT BY JAPAN REBUILDING IRAQ TO INTERNATIONAL STATUS HAVE BEEN SIGNED AND WILL BE FINALIZED DURING THE CURRENT SESSION -JUST IN TIME FOR THEIR APPROVAL TO JOIN THE UN GLOBAL COMPACT -WHICH WAS A COLOSSAL STEP WE NEEDED – HOPIUM IS ALIVE AND WELL AND GETTING VERY EXCITING YET AGAIN AS WE APPROACH SEPTEMBER 1ST. [post 2 of 2]
8-22-2013 Newshound/Intel Guru Arthur EVERY MONTH AS WE GET NEAR ANOTHER 1ST OF THE MONTH WHERE 99% OF RV'S IN RECENT HISTORY HAVE OCCURRED…I SAY THAT IT CANT GET ANY BIGGER – BUT AGAIN THIS TIME I MUST SAY THIS ONE WILL BE THE MOST HIGHLY ANTICIPATED FOR ME TO DATE. ALL RV'S OVER 50 CENTS HAVE OCCURRED IN APRIL OR SEPTEMBER AND THE LAST TWO IRONICALLY WERE DONE BY IRAQ WHO DID IT TWICE. – WHEN? IN SEPTEMBER BOTH TIMES! [post 1 of 2….stay tuned]
8-22-2013 Newshound Guru Adam Montana Iraq tends to plod along at a snails pace, and then when they are ready to make it happen they surprise us!I'm looking forward to seeing them ramp up HCL, and I think Maliki has a pretty strong incentive right now to do that. [post 2 of 2]
8-22-2013 Newshound Guru Adam Montana [Why do you think the HCL will be the final catalyst to get this thing off the ground?] The HCL is the last thing really keeping Iraq from boosting their ability to function as a well oiled business. Get HCL done, and the rest just falls into place. [Is it the HCL holding things up?] The HCL isn’t the “only” thing holding us up, but it’s definitely a key part. [post 1 of 2….stay tuned]
8-22-2013 Intel Guru Jester [So if CL starts this at 3.44 will we add oil credits on that or let it float first?] THEY WILL ALL COME OUT AT THERE ASSESSED ASSET VALUE… WHATEVER THAT IS WILL NOT FLOAT THAT MUCH… REMEMBER ASSET BACKED DOES NOT GIVE MUCH ROOM FOR CHANGE UNLESS SOMETHING BIG CHANGES IN THAT COUNTRY…
8-22-2013 Newshound Guru Kaperoni Article: "Financial representative: on the Central Bank on monetary policy open" The problem is many are expecting the overnight RV. Its not going to happen. I been telling everyone for over a year. Their is no RV. The CBI is going to follow standard monetary policy that is well documented on the IMF for emerging markets in transition. This is no surprise, no secret event. In fact, at least 5 other countries are transitioning right now…This is pretty standard as they move from a closed monetary policy to an open policy and shift from a "currency board" to a "float" exchange regime. It takes time, and we will see the dinar rise right in front of us.
8-21-2013 Intel/Newshound Guru Poppy3 there is zero global reset…yes many countries that trade with iraq will have to make adjustments to their currency for the purpose of trade with iraq and other mid east countries. YES THIS IS HAPPENING AND EVEN THOUGH I DON'T SEE IT THIS WEEKI STILL THINK BEFORE THE END OF THIS WEEK WE WILL HEAR AND HAVE A BETTER IDEA OF WHAT AND WHEN TO EXPECT TO SEE SOMETHING HAPPEN IN OUR FAVOR. THE HEAT IS OWN AND FROM AROUND THE GLOBE PRESSURE IS BEING APPLIED. POPPY3
8-21-2013 Newshound Guru Stryker Article Quotes "The Oil and Gas Law, the rights of the Peshmerga and Article 140 are among the most important issues to be discussed." "It is worth mentioning that during his recent visit to Baghdad, Kurdistan Region's Prime Minister, Nechirvan Barzani, met with the Federal Cabinet, discussing with them the seven points of Erbil Agreement, they got initial agreement." That says that all the outstanding Erbil Agreements are going to be implemented… If in fact, the Article 140 that almost everyone said could not get implemented because of all the disputes is implemented, then the rest is being completed without our knowledge… [post 3 of 3]
8-21-2013 Newshound Guru Stryker Article Quote: "indicating the possibility of submitting a supplemental budget in July next inserts the agreement between the federal government and the Kurdistan Regional Government." It tells me that the agreements between Maliki and Barzani in April are being implemented and the midyear supplement budget of $14 billion must have been approved without our knowledge because these funds were part of the agreement. These funds are benched marked to include Article 140, payments to Kurdistan for their Military, payments to Oil Contractors and other expenses. [post 2 of 3….stay tuned]
8-21-2013 Newshound Guru Stryker Article Quote "Office announced the implementation of Article 140 of the Constitution, in the province of Dhi Qar, the arrival of more than 600 instrument, noting that the Bureau proceeded distributed among beneficiaries." It sure looks like article 140 has been implemented, at least according to this article. If this can be confirmed then things are being done and not being widely announced but could be more of the clues we have been waiting for. [post 1 of 3….stay tuned]
8-21-2013 Newshound Guru Kaperoni This is direct from Iraqi TV today. Iraqi dinar will increase substantially by mid -2014…but more importantly this…Iraq will join international currency organizations in the near future. that can only mean Forex folks! they not waiting… they said, its value will be substantial by mid 2014. that means they need to start soon raising the value if they expect to meet that goal. [So you believe the float will start soon? (Not Iraqi soon I hope)?] yes [that doesn’t mean it will start at the 1160 that you say it could start at above a dollar right] it can start anywhere they want…just get it going. I think that is very good and no articles have it…that news [came] from iraqi tv.
8-21-2013 Intel Guru Loechin [do you honestly feel we are very close to the rv?] I do [early this morning you said that the day was still young. Do you feel the same way now, or do you think we are looking another few days or weeks?] Nope all is well.
8-21-2013 Intel Guru TNT Tony [We know this can’t drag on forever. If you had to bet on it, when is the latest you’d think we would RV?] They could drag it on forever; now that the Iraqis have money things have calmed down. I liked that pressure point. Now it’s more political, even though they’ve agreed 4-5 times on the rates. But the longer we wait the higher the rates go. They’re saying everything is done. 4-5 countries have sent in their people to help either fix the problem or observing to make sure we’re not doing anything wrong. [post 4 of 4]
8-21-2013 Intel Guru TNT Tony [Will the UST tell the banks the rates] Yes, they are the final authority. They have given the rates and there are no holds on them, but they are waiting for the authorization codes to do the actual transactions. [How confident are you we’ll see the RV soon?] I’m not because we should have seen this by now. [Regarding the 30 days, could all of these delays the USA is causing affect that?] No, it’s not about a date, it’s about a limitation on the CE, the 30 days is to prevent smuggling. [What’s the latest rate you’ve heard on the VND?] Over $3. [post 3 of 4….stay tuned]
8-21-2013 Intel Guru TNT Tony We talk to Iraq daily, their cards are loaded & they're spending money and they're saying they don't understand why we're not seeing it here. Contractors have the current 3.44 revalued rate. They had a meeting and the rates have been agreed upon and we are waiting to hear the present rates today. We heard from DC that the issue is with the system. That is what I am hearing from our people as well. So we know it is in fact the case. We have guys watching forex live in the middle of the night & for the last 3 nights, countries have been pinging like never before. [do you think this will go into September?] No, they don’t want it to go that far. [post 2 of 4….stay tuned]
8-21-2013 Intel Guru TNT Tony This morning our favorite people were called in again. These people at the call centers, banks, etc. are prepared. They tried again last night and it still wasn't 100%. Will they keep trying? Yes, until they get it right. It's back to a technical issue we didn't know about. The issue is going out to each branch. We don't know when it'll be fixed but they are prepared for it again. They're trying to get this done now. If they were going to wait until January or April, they wouldn't have been training all their people and calling them in everyday to work. [post 1 of 4….stay tuned]
8-21-2013 Newshound Guru Adam Montana [How is currency valued? Gold reserves? Is this the reason why we have not seen the IQD change?] The Iraqi currency is set by the CBI – basically, whatever the CBI says the value is – that's what it is. I know that might sound overly simple, but it literally IS that simple. If the CBI says they will pay .10 for the Dinar, then it's worth .10. If they say they will pay $2 for it – the rate is $2. And if Iraq would just pass the HCL, allowing them to kick their oil business into high gear, they should have NO PROBLEM generating the faith and revenue to kick their currency value up to at least $1.
8-21-2013 Intel Guru Loechin I am really looking forward to something happening today sometime…The day is way to young …Things are awesome as we speak.
8-21-2013 Intel Guru Jester I TALKED WITH [GURU] REDWOLF TODAY ABOUT THE VALUATIONS OF THE COUNTRIES AT GREAT LENGTH TODAY. WE FEEL THERE MAY VERY WELL BE SOME SURPRISES. NO ONE REALLY KNOWS THE ACTUAL ASSET VALUATIONS OF COUNTRIES THAT ARE ALL ABOUT TO RESET…SO SOME MAY GO WAY UP AND OTHERS FALL SOMEWHAT. WHEN YOU LOOK AT THE WAY THEY ARE VALUED TODAY THERE MAY BE SOME PRETTY BIG DIFFERENCES IN THE ASSET BASES FROM WHAT WE SEE TODAY. SO IT IS GOING TO BE A BIT OF A RIDE IN OUR OPINION…THINGS ARE LOOKING VERY GOOD. [post 2 of 2]
8-21-2013 Intel Guru Jester STREET RATE OR ASSET RATE OR WHATEVER YOU WANT TO CALL IT IS THE FOREX RATE…WILL BE CLOSE TO KUWAIT. [is it true that the dong is not going to be gold backed?] THE DONG WILL BE ASSET BACKED IN THEIR COUNTRY WHEN THE RESET TAKES PLACE. [won’t all the “new” currencies be asset backed? Is that not the whole point go the global reset?] YOU HAVE IT RIGHT. [post 1 of 2….stay tuned]
8-21-2013 Newshound/Intel Guru BGG [In your opinion what are the next 2 or 3 strategic moves Iraq will do to allow their currency to substantially raise in value over the next few months/years] No moves needed that I see, just a rate. [If it is just a rate BBG – who will allow a significant rate increase? IMF? UN? Iraq?] All of the above. Iraq and possibly Maliki being the last holdouts. [that would mean any day we could see this if poppy3 info is right thur or friday would look pretty good] that is what I've been saying.
8-21-2013 Intel Guru TerryK I WAS TOLD THAT THE BANKS ARE TO SYNC TONIGHT AT 2-3AM EST…AND THIS IS THE PRIME TIME. SO THAT WOULD JIVE WITH GOING BACK IN TOMORROW SOMETIME. ONCE THE PROCESS IS DONE I WOULD SAY THAT THIS SHOULD BE A VERY INTERESTING WEEK. I DO HAVE SOME CRAZY RATES TODAY – 14.68 ON DINAR AND THE DONG WAS 4.23 IS WHAT I GOT TODAY.