Eagle1, Mtn Goat, TNT Tony, etc…
Wed, June 11, 2014
Subject: Dinar RV Balance of Power
[FLPatriot59] Eagle1 on Frank26's call: "You're going to rich real soon, and sooner than later. I'm inclined to think they're going to sit their government sooner than the 15th. There's a whole of political fussing going on behind the scenes.
CL has been taking it on the chin from some of our neighbor nations (China) because this is taking so long. China, because things have so slow, has been negotiating with Russia and Vietnam over the use of the Chinese currency as a medium for oil trade, and that's causing some heartburn in the IMF and in Washington.
[FLPatriot59] Eagle1: "The have extracted a promise from CL for a deadline. When you consider the relative strength China has in the IMF this will change the balance of power globally."
[FLPatriot59] Eagle1: "The dong, we had a number that most of the economic forecasts were 2 years ago and all of a sudden that has faded away in favor of higher numbers. The return on your investment should be spectacular on top of spectacular.
Mnt Goat Wednesday Update sent to Dinar Recaps part 1 of 2
UU6666 A Desperate Man
This morning I sit and overlook the valley below. It is a very peaceful as the sun settles on the chalets and warms the cool morning air. It is a nice time to be alive and live in the Alpine region of Bavaria. It is safe and peaceful. Meine Kinder sind in der Schule this day so I am here alone to think.
As I sit I cry out to the Lord to protect the average family in Iraq that now must endure this violence that is being perpetrated on them for political objectives. I say when will it all end? I see now the madness, the darkness and the evil of one man at work- Nori Al-Maliki.
I bring some sad news today and I will not sugar coat it.
I am still hopeful all will work out as the coming weeks progress. Sorry if this news letter is extra long today but. I really believe we all need to know just how dire this situation is and that it is real and desperate.
6-10-2014 Intel Guru TNT Tony Everything that glitters is not gold and all bad
news is not bad (sometimes required).
6-10-2014 Newshound Guru Enorrste At the same time, I do not think that this is
necessarily bad for our investment. …Mosul is a large city and the story of
giving it all up to terrorists "doesn't pass the smell test." This is largely
political. I am not certain that I agree that this is a desperate attempt on
Maliki's part. This man is very shrewd and this may be a ploy on his part to
convince the new parliament to "not rock the boat" and let him have his 3rd term.
[post 2 of 2]
6-10-2014 Newshound Guru Enorrste Article: "Bayati denies government's intention
to impose state of emergency" If Maliki institutes marshall law then, effectively,
he becomes a dictator. Once that door is open it will be up to him alone to
determine when to close it again. That cannot be good, in my view. Najafi may
think she is just calling his bluff, but if he does show Thursday and they follow
his lead, which is the way it looks now, he may be in for a very long time. [post 1
of 2….stay tuned]
6-10-2014 Newshound Guru Kaperoni Article: "Gunmen "control" to Mosul in
northern Iraq, and al-Maliki calls for parliament to declare a state of
emergency" my fear is the destruction these terrorist groups do in the meantime.
They proven to destroy bridges electric plants power poles, etc. Take over gov
offices, raid banks..on and on. This slows down our investment.
6-10-2014 Newshound Guru Bondlady Terrorist has taken over several parts of Iraq
that's why Maliki is calling for a state of emergency convening in parliament. He
really does need to push the marshal law button at this point, they fled into Iraq
from Syria. It's so bad right now the Kurds pershmerga army and the federal army
have joined forces to protect the borders coming in from Syria. you all know Kurds
and Baghdad are at odds right now so you know this is huge and major important to
Iraq's security…if they don't all join up to save Iraq it'll be bad bad. it's
pretty bad right now I expect to see the UN or USA come in at any time to aid in the
fight, it is that bad imo, we shall see.
6-10-2014 Newshound Guru Shredd [Are they still talking “mid” year?] last we
heard, yes. [Do you think their plan is still to get things rolling "bigtime" this
month?] I expect nothing. Not to say I don't think the CBI won't move forward
with their plan to begin removing the three zero notes…we'll just have to see and
not sure if political situation and lack of a passed budget will delay things.
[post 2 of 2]
6-10-2014 Newshound Guru Shredd [how do they continue to grow there GDP and
there currency is at 1166?] easy, managed the rate, it doesn't have to reflect
true value like a free float but once Iraq is a market economy it will need to. imo,
there is a process for Iraq to get there. [the question might be…how long will
the process take?] well the project to delete the zeros is a big part of the
timing. [post 1 of 2….stay tuned]
6-10-2014 Intel Guru Winalot The country is flooded with visitors from other
countries. It is going to be confusing enough for the Iraqi's, without adding a
half dozen other foreign currencies brought in by the visitors to deal with. Not to
mention the cost of exchanging that currency at the new rates. Today, we see that
Al-qaeda has has taken over parts of Mosul, and they already control Fallujah. Do
you think for one second that there will be a revaluation while this is going on? I
seriously doubt it. Al-qaeda would gain too much financially if the revaluation
were to occur. I have no idea where that leaves us as far as a time frame… and I
seriously doubt anyone knows. Including Iraq. [post 2 of 2]
6-10-2014 Intel Guru Winalot A new Parliament is to be seated on the 15th of the
month. They have not passed a budget. They have no new Prime Minister. That gives
us thru Friday if they are going to do this before Ramadan. If not before the 15th,
the new parliament takes over, and the business of seating a government will take
precedence over the budget and any other business at hand. The new parliament will
have 13 days to seat a full government, decide on a PM, pass the budget, and revalue
the currency, all before Ramadan. Ramadan starts on the 28th of the month. I feel
it is highly unlikely for the revaluation to occur during that time. [post 1 of
6-10-2014 Intel Guru Frank26 I was asked IF I believe we will see a seated GOI
by the 15th…I said no, IMO. Asked…will we see Supreme Courts' final results on
the elections on the 10th today? I said no. As I shared two things…Politicians
are RUNNING from Iraq AND Some politicians threatened Iraq Banks. (THAT WAS A BIG
6-10-2014 Newshound Guru Millionday we have some good news tonight and it goes
along with the platform we are holding our breath about…that is the ISX hooked to
the global platform OMX and what that means to us is – international compliance
for it to launch…now let me add one more thing…the Lebanon Banks said they are
not getting a return on their investments as the rest of the international banks etc
but THEY ARENT WORRIED ABOUT IT BECAUSE THEY STRATEGICALLY PLACED THEMSELVES IN IRAQ
FOR THE GAINS FROM THE SECURITIES MARKET (isx). HUGE STATEMENT TO NOT CARE ABOUT
MONEY INVESTED BECAUSE OF A RETURN COMING…
6-10-2014 Newshound/Intel Guru Poppy3 [is there any good news…?] YES …I
WILL SAY THEY TOLD ME WE WILL NOT GET OUT OF JUNE WITHOUT SEEING THE RV.
6-10-2014 Intel Guru TerryK WHAT I HAVE BEEN TOLD THIS AM IS THAT THIS IS ALL
DONE AND THAT WE ARE ONLY WAITING FOR THE TECHNICAL ANNOUNCEMENT AS IRAQ HAS
IDENTIFIED ITS NEW PM. THAT IS TO COME EITHER TONIGHT [MONDAY] OR IN THE MORNING.
WHEN THAT HAPPENS THEN THE IMF AND THE UN WILL RELEASE THE CODES FOR THE MAGIC
MACHINES TO TURN ON THE RV. ALSO THE GOLD STANDARD HAS NOT BEEN SIGNED OFF AS OF
YET. LOOKING FOR THAT EITHER TONIGHT OR TOMORROW AS WELL. ONE DC CONTACT SAID
TUESDAY NIGHT RINGS STRONG BUT ANOTHER SAID IT WAS TO HAVE GONE DOWN LAST SATURDAY.
SO IT’S JUST SITTING THERE READY. IT’S ALL UP TO THE IMF AND UN…ONCE THEY (IRAQ)
MAKE THE OFFICIAL ANNOUNCEMENT OF THE PM AND SEAT HIM YOU WILL SEE IT. IT’S COMING
PEEPS. IT’S NEARLY HERE.
6-9-2014 Newshound Guru Kaperoni It appears that the CBI is now finally trying to
reduce the spread to where it should be (by liberalizing the foreign exchange, use
OMO and allow money exchangers) to meet the conditions set forth from the IMF. This
has been a work in progress for Turki since mid last year. We have to hope that
once that is achieved, the IMF will let them exit Article XIV and move to Article
VIII and a new exchange regime. [post 2 of 2]
6-9-2014 Newshound Guru Kaperoni …could the CBI RV'd the currency or exited
Article XIV to Article VIII before now? Raise the value under Article XIV? sure,
(and Shabibi did it several times)…exit to Article VIII and make the dinar
convertible probably not. Shabibi could have because back in 2012 he was in
compliance, but since Turki took over they are not…so…until they are in
compliance, the IMF will not let them exit to Article VIII. [post 1 of 2….stay
6-9-2014 Intel Guru DC [via Adept1] Things look really phenomenal…in terms of
everyone being prepared, happy, and on lockdown. Was the process paused? Maybe,
but now we are back on green, good to go. I am looking for this TODAY. I know
people like back windows, but they don’t exist at this point.It’s day to day, almost
hour by hour now. [Is there still a contract rate?] Everything is the same as
what we’ve been describing. Everything looks amazing, and we are fully expecting it
at any time across the entire world.
6-9-2014 Intel Guru TNT Tony [via Adept1] I am super-fantastic right now. [I
understand the currency will be trading on the ISX…and also on the Forex? What
will come first…forex or RV?] It will happen at the same time…on
forex. Trading on the Forex is what makes it international. It will show up on the
ISX on July 1, and that is public information. [Is there still a China rate?] Do
you mean is there still a contract rate? There are still contract rates. [Is there
anything we are waiting for before this goes through?] Yes, there is a public
announcement that has to be made about the about the GOI, and that will be made over
there…and then things will go quick. It is literally hour by hour now and could
happen at any time.
6-9-2014 Newshound Guru Aggiedad77 Article: "Economist: delay in the budget
behind the rise of the dinar and the dollar will rise .. soon" Any relationship
between the Iraqi government and the high exchange rate of the dinar against the USD
has been ruled out by economists and an expected recovery of the dollar within the
next few days is predicted…the CBI is the one who sets policies for the exchange
rate of the IQD against any foreign currency…they are the only one who has the
authority to affect such changes…that is an important point to remember…it is a
positive thing to witness the continued auctions by the CBI even with the government
basically at a standstill due to the lack of an approved budget…this shows the
independence of the CBI to the government…the drop in the price of the buying and
selling of the USD and other foreign currencies is positive for the policy of
6-9-2014 Intel Guru Mnt Goat From June 10th to mid July we are in the absolute
best window ever to see the international announcement of the revalued IQD
currency. I believe the RV could happen at any stage of the process after June 10th
but I am saying it is most likely to happen just before or just after the
announcement of the newly formed government’s completion and before the expected
July 1st ISX rollout. The IQD rate will be high when it comes out and it will climb
very quickly. Iraq has met all necessary Basel III requirements and beyond for
valuation of a very, very high rate as an asset backed currency. [post 2 of 2]
6-9-2014 Intel Guru Mnt Goat So what happened last week with the Qi Cards?
…they are now loading these cards for those who are traveling abroad and for those
Iraqi citizens already living in foreign countries. So how will they be able to use
these cards abroad without an international rate in this manner? On April 19, 2009,
the ISX switched to electronic trading. Now they plan to fully rollout the last
phase of the ISX and this phase includes the complete international implementation.
This is planned for July 1st of this year. This past week there were statements
made by Turki (acting governor of the CBI) stating thatthe CBI will start the
lifting of the 3 zeros and they will be ready for the ISX to start trading
internationally on their opening day of July 1st. I…believe they must begin the
process of going international with their currency days in advance of that date to
be ready. [post 1 of 2….stay tuned]
6-9-2014 Intel Guru MarkZ I did rather expect to see an RV early this morning.
I knew based on progress late Saturday that thinking we would have it Monday morning
was optimistic but, I am a glass half full kinda guy. We are still close and closing
on done. [SO- the latest chatter leans to another week: 6/15…?] I doubt another
week. My only concern is I know logistics are much easier to do it on a weekend.
That being said no one has taken the easy road on this so far so I wouldn't be at
all surprised to see it just pop mid day this week. [I am thinking when July 1st
when Iraq is on ISX.] I do not think we have to wait that long. [out of the 4 in
the basket what do you think will be the best bang for your buck?] I still think
VND is the best dark horse but only time will tell us. [heard rumors of $4 & $11
for IQD your thoughts?] street 4 ish and contract higher is MO.
6-9-2014 Newshound Guru Millionday my opinion is — they are trading on the isx
right now — in country — however to hook to the global market the dinar is their
largest and all countries largest product — it will be priced at its value —
however it shall be, it will be its true value as all items and shares — or they
wont have a market — [Would it not be financial suicide to enter the global market
at 1166…? Would it not be a disaster?] it would wipe them out in my opinion. i
read that they may float it at a managed float for six months from the set value —
that means 2% one way or the other and i read they will set the price and it will
hold for six months…i read it will float from the beginning from the reality rate
— that i totally disagree with. we will have to see,either way a price for the
product (dinar) will be set.
6-9-2014 Intel/Newshound Guru Poppy3 I THINK AS SOON AS THE NEW PM IS NAMED
PUBLICLY THAT THE GOI WILL BE SET WITHIN A WEEK TO 10 DAYS AND ALL WILL MOVE FORWARD
IN EVERY WAY….BUDGET, 140, HCL, RV…ALL WILL BE ALMOST SIMULTANEOUSLY. WE HAVE
TO…MAKE SURE THAT POST IS FACTUAL AND NOT SOME PLANTED REPORT. WE ARE GOING TO
WIN VERY SOON AND THAT PART IS FACT. [post 2 of 2]
6-9-2014 Intel/Newshound Guru Poppy3 just received this email — HAS NOT BEEN
CONFIRMED BUT IS WHAT I HAVE BEEN EXPECTING… "National Alliance: Maliki's reign
ended after he settled the name of the Prime Minister Agency eighth day June 8,
2014…The source declined to name the next prime minister before the ratification
of the results, but stressed that Iraq will not be a new era of Mr. Nuri al-Maliki
any executive role in it…" IF THIS NEW PM IS GOING TO KEEP TURKI THEN THERE
SHOULD BE A FAST TRANSITION FROM MALIKI GROUP TO THE NEW GOI. [post 1 of 2….stay
6-9-2014 Intel Guru Hub i wonder if finally having some local (dinar) currency
available for the people to use, might stop some of the outbreak of violence. If
they can work for money, support their family, this has to have a soothing effect, i
would think. [one would think, at least at RI or RV " numbers "…a dime would be
huge.] yes it would, but i dont think going back to the pre war value is a big
deal…this is where it will go…i have no doubt it will…no reason not to.