Okie Oil Man, Frank26, Stage3Alpha, Exogen, etc…
Mon, Dec 11, 2014
Subject: Dinar RV Budget Prep
by dnari131 » December 10th, 2014, 1:09 am * [Post 70] HERE IS SOME BIG NEWS FOR THIS MONTH OF DECEMBER…IF I RECALL, BILL CLINTON PASSED THE LAST BUDGET AROUND THE SAME TIME KUWAIT RV’D THEIR CURRENCY? HMMMM
“The House passed a $1.1 trillion, 1,500 page spending bill Wednesday that sets
spending levels for the next year, the beginning of a return to a normal budgeting process that has eluded Congress for the last several years. A total of 357 lawmakers voted yes, with 64 Republicans and three Democrats voting no.”
R.V. / GCR December 8, 2014
I am so laughing at a whole bunch of you …you want to know why ? because that’s entertainment
Now , do you really want to know what’s going on? The global pay was 100% confirmed
Yes the money got into the account and 100% it was not released at 9 a.m.
However silly beans …100% confirmed that we have more than 3 trustees in two different countries that have received the release of their money’s
The United States Treasury is sequestered right now… what does that mean? wow we always said it would never happen on Monday but it could happen on Thursday
However, the United States is in this big proxy ploy to just see the public and make it look like Obama saved the world with the gold backed Reagan wanta protocols.
In the meantime the banks are wanting a haircut and the Bail in well.. guess what kids… that has nothing to do with the Treaty of 2009 …so that means that they are still lying to us because the treaty will swallow the derivatives
12-10-2014 Intel Guru DC [via Adept1] So what we understand has been agreed is that Iraq is cleaning up a few things, Iraq and the world will revalue, and the US will start the rollout in a few days for the internet groups. [What should we expect to see from Iraq? A speech from Abadi, what other clues?] The CBI will change the rate, making sure that no one gets in the way. After this legislative round is over in a couple of hours, they will tell the US that the list has been checked off, and they will get together with Abadi and the CBI. They will then pull the trigger, and then Abadi will make a minor speech in Iraq to not cause an international stir, and that will change the rate inside Iraq. The US may take a few days to open this up, or they may use this as the signal to quietly release this to the internet right away.
12-10-2014 Newshound Guru Adam Montana I know, I know! Those of you that wanted to cash in yesterday and not a minute later… you’re probably mad. But those of you that understand the situation and know that this was always going to take some time… well, you and I are pretty darned excited right now! The HCA is the biggest major step into the HCL that we have ever seen, and I’ll seriously be surprised if this goes more than a couple more months. They are making REAL progress! [post 3 of 3]
12-10-2014 Newshound Guru Adam Montana GOI is ROCKING – With the removal of
Maliki and Abadi at the helm, Iraqi Parliament has accomplished more in the last
couple months than Maliki did in 5 years… and you know why, of course! Because Abadi WANTS to move Iraq forward, but Maliki …did nothing but make backroom deals that lined his own pockets… And that brings us to the final piece of the puzzle… HCL. Right now, as you’re all aware, we have been in “limbo” about this thing… and I’m confident in my research enough that I will tell you this: We are INCHES away from a full HCL… but right now, we have an “Agreement” – not a “LAW”. [post 2 of 3….stay tuned]
12-10-2014 Newshound Guru Adam Montana For those of you that are new… let me give you some cliff notes: 1. 2003 or so, the Iraqi Dinar is trading at ~2000:1 down from a much higher rate. Thank you, Saddam. 2. 2012 The Iraqi Dinar is trading at almost double that… to the good side. Anyone that bought Dinar in 2004 has now doubled their money. 3. Back in 2009 or so, I said we need to see a few major things happen… GOI, HCL, CH7…so where are we now? CH7 – DONE! There are a few minor details hanging on it, but for all intents and purposes Chapter 7 is no longer an issue. [post 1 of 3….stay tuned]
12-10-2014 Newshound Guru tlm724 one paragraph from the actual report from the IMF: “The IMF will continue to support Iraq through policy advice, technical assistance, and training. The 2015 Article IV consultation discussions with the authorities will take place in the coming months.” I take this as good news for sure, it will not take long for Iraq to meet the requirements for article VIII, consultation in the coming months could happen very quickly! Like January or February for example but the first quarter of the year still feels good to me. I like the report and find it encouraging for sure, they continue to grow despite the difficult circumstances!
12-10-2014 Newshound Guru Millionday THE IMF FEELS AS IF THEY CAN NOW HAND OVER THE ECONOMIC CHANGES ETC TO IRAQ — GREAT NEWS TO SAY THE LEAST. [is it that the IMF had to give the final say to Iraq to push the button, based on meeting economic reform infrastructure – etc?] CBI IS INDEPENDENT AND HAS THE JOB OF SETTING THE CURRENCY RATES BUT WHAT IS BEHIND THE SCENES HAS NOT BEEN RELEASED AS WE ALL KNOW I STICK TO THE INK SO NO GUESSING. I THINK THAT THE RELEASE OF THE IMF IS A TURN OF A PAGE.
12-10-2014 Newshound/Intel Guru BGG [I heard it need to be close to Kuwait’s
rate?] I think sooner or later that’s probably a goal but I don’t think that’s
going to happen immediately… What Maliki did is a double edged sword. It will probably move thing along sooner but it probably won’t be as much. [Are we looking at 2015 before the exchange will take place?] There may be one more major artery of influence from Maliki in the CBI and that may be a potential problem and once that is out of the way…but they need it now. It can happen any time and I think between now and the 1st of the year is an opportune moment. [post 2 of 2]
12-10-2014 Newshound/Intel Guru BGG Maliki left Iraq in worst financial shape than anybody realized. It’s just coming out how much the DFT Funds he spent and how much of the CBI reserves he spent. He couldn’t have done that without an insider. This is not necessarily bad news for us. It is not necessarily going to impact us anymore or less than it was going to. I think they are going to deal with him before too much longer. The current PM is doing everything we had hoped Maliki would have done. [What are your thoughts on the dong?] I doubt that it is concurrent with the dinar. I don’t think the dong and the dinar are interrelated. [It would Iraq very little good to revalue at 1/10 of a penney, 1 cent, or 10 cents, but should come out something like what it was prior to the war?] Conventional thinking, yes, however, because of the current situation in Iraq, it’s not impossible to believe that they wouldn’t do something like an introductory rate & I think it will be a managed regime, not a float…they will put it where they want it and do something with it later. [post 1 of 2….stay tuned]
12-10-2014 Newshound Guru wmawhite We know for a fact, the PM, COM, & Parliament are juggling a bunch of balls in the air and they tell us they are trying to get to some place with it, they are trying to get the first budget passed prior to year that it is required and we understand too that they can’t do anything with that budget until they change the value of their currency. They cannot do any of those investment items that they talked about, that’s a fact. So, if they are going to live by the 2015 budget sometime in 2015, then things are going to have to change in our favor.
12-10-2014 Intel Guru Jester NO ONE… AND I MEAN NO ONE… NOT THE 100%
CONFIRMED BS… NOT ANYONE… KNOWS FOR SURE THE TIMING…AND THEREFORE SINCE THAT IS UNKNOWN… THERE IS NO WAY TO KNOW HOW THE PLAN WILL UNFOLD…EVEN NOW THE REST OF THE WORLD CONTINUES TO PLOW FORWARD ON THEIR PLANS WHILE THE US RESISTS THE CHANGE… THE WORD TODAY IS STILL INEVITABLE… THAT THINGS ARE MOVING AROUND… NO TIMING IS GIVEN…
12-10-2014 Newshound Guru Enorrste However, I do not see a direct connection
between Article VIII and the beginning of the float other than that the float could not be initiated AFTER moving to Article VIII. I do believe that the float could begin PRIOR to movement to Article VIII. I have predicted, based on the articles only and not on any specific evidence, that I believe the float will be initiated shortly after the new year. I see no reason in this article to change my position. I just got to thinking that entering Article VIII isn’t necessarily directly connected to the value of the dinar. Of course the dinar would have to be tradable in order to move to Article VIII, but that does not mean that the two have to happen at the same time. Also…a free float will bring the official rate and the street rate together overnight. [post 3 of 3]
12-10-2014 Newshound Guru Enorrste At the same time, …KAP [Guru Kaperoni] he made it clear that the IMF will require that the street rate and official rate be within 2% for at least 90 days prior to a move to Article VIII. Whether that means that the country wouldn’t begin the float is open to question. The float decision is Iraq’s to make as a sovereign country. This has been made amply clear in previous articles. We are therefore left with some speculation: Iraq could begin the float any time after the beginning of the new year, as the CBI has stated its intention. OR, they could wait until March when they will have, theoretically, been at 2% for 90 days or more, and, presumably, begin the float with the move to Article VIII. [post 2 of 3….stay tuned]
12-10-2014 Newshound Guru Enorrste Article: “Statement at the End of an IMF
Mission on Iraq” The article…makes it clear that the decision to release some of the reserves was made by the CBI in concert with the GOI to fund the deficit. It is speculation to say that Maliki and/or Turki were behind this, since we do not know when the funds were released. In any case, the fact that this came out in an officially recognized IMF article implies to me that the release was on the “up and up” as far as the IMF was concerned. In other words, the IMF didn’t mention anything “fishy” in the reduction of reserves and, furthermore, didn’t even make a comment about the fall in reserves. Therefore, I do not believe this is an issue with respect to the future of our investment. [post 1 of 3….stay tuned]
12-7-2014 Newshound Guru Stryker Custom Tariffs and WTO: QUOTE: “The Iraq
plans to join the organization global trade and this joining is required country to
deal flexibly with the external economy” QUOTE: “the tariff law takes into account
the provisions of facilities granted under the Investment Law No. 13 of 2006, as
amended on imported goods exclusively for the purposes of investment projects, so
come in order to attract the maximum amount of investment companies and businessmen
to work in Iraq” …we should start hearing news about the implementation of the
custom tariffs and Iraq movement into the world trade thru the WTO…
12-7-2014 Newshound Guru Bondlady Article: “Deputy likely arrival of a draft
budget bill to parliament early next year” after vacation it should be ready to be
passed hopefully by 1/15…which is relativity quick for them, they usually hurry to
pass it then go on vacation. then spend months afterwards fighting over it before it
gets gazetted… this time they’re trying to change that and get stuff worked out
before the readings which will let them actually open it a lot sooner than they have
12-7-2014 Newshound Guru tlm724 Article quote: “…the revitalization of the
financial market will be through the launch of the trading rights of debt bonds
issued by the Ministry of Finance” …when we see these sovereign bonds about to be
issued we will know they are about to do a increase in the dinar , these are what
[Guru] Shredd has been waiting for. We have to see the CBI make the move and this
article is from an economic researcher which is good, give the CBI a push and Saleh
KNOWS it has to be done because it will generate more revenue for them…now that
Saleh has Abadi’s ear we will see rapid changes on the bond front.
12-7-2014 Newshound Guru OOTW FROM THE COM [COUNCIL OF MINISTERS] SITE:
“Secretary General of the Council of Ministers following the special meeting to
review the strategic directions of the ministries under the government program
2014-2018” THIS IS VERY IMPORTANT EVERYONE – THE PREVIOUS NATIONAL DEVELOPMENT
PLAN, AUTHORED UNDER MALIKI, CONTAINED INFORMATION WHICH WAS NOT (AT LEAST AS IT WAS
WRITTEN) SUPPORTIVE OF US SEEING A CHANGE IN VALUE OF THE CURRENCY. HOPEFULLY THIS
NEW PLAN WILL BE COMPLETELY INDEPENDENT IN ITS COMPOSITION, VS THE OTHER UNDP
[United Nations Development Programme].
12-7-2014 Newshound Guru Stryker 2015 Budget Update: QUOTE: “The Council of
Ministers is determined to finish the preparation of the general budget for 2015 in
the coming days and before the end of the financial year in the form that suits the
global oil prices.” According to several news sources today the Cabinet of
Ministers has received the draft budget from the Five Member Committee and is
preparing it to be sent to parliament in the next few days.
12-7-2014 Newshound Guru Enorrste Article: “A member of the parliamentary
Economy: a meeting this week to find suitable solutions to support the
economy” Abadi has shown that he wants to race to the finish line when it comes to
the Iraqi economy and the restructuring of the currency. Second, the CBI is on
record that the process will begin to be rolled out in the “early part of 2015.” I
am not at all pessimistic on this matter. Third, the “basket” of laws is already in
the works, according to statements from parliamentarians. Therefore, it seems that
a plan has been made and is in the process of being implemented on a time schedule
that has already been announced. That being said, I see no reason to backpeddle our
thinking at this point. Of course this is Iraq…
12-7-2014 Intel Guru EXOGEN THE HCL/OIL AND GAS + GOI = RV. EQUATION IS NOW
COMPLETED AND MANY DO NOT EVEN REALIZE THAT YET. ALL WE ARE LOOKING FOR NOW IS THE
RATE, WHICH WILL BE PRESENTED UNDER IMF ARTICLE VIII, AND IRAQ SHOULD BE MAKING A
WORLD TRADE ORGANIZATION ANNOUNCEMENT, WHICH WILL TIE INTO THE OFFICIAL TARIFF
ACTIVATIONS WITHIN THE COMING DAYS, AS THE 2015 BUDGET IS PRESENTED SIMULTANEOUSLY.
12-7-2014 Newshound Guru Kaperoni The dinar you and I hold is part of a
controlled leak by the CBI. They know exactly how much was sold with the intention
to bring it back through the world’s central banking system.
12-7-2014 Newshound Guru Millionday Article quote: “the tariff law takes into
account the provisions of facilities granted under the Investment Law No. 13 of
2006, as amended on imported goods exclusively for the purposes of investment
projects, so come in order to attract the maximum amount of investment companies and
businessmen to work in Iraq.” Quote: “The Iraq plans to join the organization
global trade and this joining is required country to deal flexibly with the external
economy “, calling at the same time to create a balance and activate production
bases in the Iraqi economy while keeping an openness to the world in freedom of
import and export.” Tariff creates a local industrial base; Iraq and WTO; Iraq
Investment Law!!! (HUGE)
12-7-2014 Newshound Guru Stryker Sovereign Bonds: We should start hearing news
about Bond offerings through the Central Bank of Iraq to support the Monetary System
and not for projects. Last year these Bonds were to go on the Bond Market but were
cancelled due to postponement of the deletion of the zero project. So it only makes
sense that the CBI would offer these as we get closer. This bonds will be offered in
Iraq’s currency (IQD) and not in the USD. Yesterday we had news that the government
may adopt the issuing of Sovereign Bonds. These would be to support housing projects
and the private sector that would help out next years budget deficit, since these
cost would not come out of the budget itself.
12-7-2014 Intel/Newshound Guru Poppy3 ABADI…HAS NOT LET THEM TAKE ANY TIME OFF
PERIOD. THEREFORE HE WANTS THE RATE AND IS DOING EVERYTHING POSSIBLE TO GET TO A
PLACE WHERE THE CBI FEELS CONFIDENCE TO RELEASE IT. DOESN’T MATTER THE DAY OR DATE
LIKE A 15TH OR FIRST OF ANY MONTH BUT THE DAY THEY FEEL CONFIDENT THEY WILL RELEASE
PERIOD. IT CAN BE AT ANY MOMENT LITERALLY. [post 2 of 2]
12-7-2014 Intel/Newshound Guru Poppy3 NOW THAT THE HCL IS AGREED ON AFTER YEARS
AND THEY RUSHED TO EVEN SET A TEMPORARY HCL IN PLACE, WHY IN HEAVENS NAME WOULD THEY
NOT RELEASE A RATE ASAP? LET ME SAY THEY WILL. THEY ARE ABSOLUTELY FROM ALL THE NEWS
TIEING UP EVERY SMALL DETAIL AND PREPPING TO RELEASE THE RATE JUST DOESN’T MAKE
SENSE TO RUSH IN EVERY WAY AND THEN STOP! DOES IT. [post 1 of 2….stay tuned]
12-7-2014 Newshound Guru Kaperoni Article: “Rafi Abd al-Jabbar: the previous
government brought Iraq to the brink of collapse” Unfortunately this is true in
many ways. Not only financially, but economically and with the ISIL problem now
much of these provinces are now having years of infrastructure damaged. ISIL does
not leave without ruining everything in its path. That being said…nobody knows
just how long or how much of this is going to have to be repaired before the banking
system can open up to the world. This is an unknown and despite the progress we see
and the timeline we think, it could be the one cog in the wheel we just cannot find
the answer too. The true effects of leaving Maliki in office for as long as he was
may not be felt until years from now….the banking system must be solid for the
world to participate. I would expect that is why the World Bank was given that task
from the beginning. All the recent news of theft, money laundering has me wondering
if the banking system is anywhere close to being ready for global activity.
12-7-2014 Intel/Newshound Guru Backdoc IF IRAQ WANTS TO GET GOING AND DIVERSIFY
THEIR ECONOMY THEY NEED A RATE TO DO IT. ALSO THE TARRIF LAWS CANT BE IMPLEMENTED
WITHOUT A RATE. WHAT GOOD IS A BUDGET WITHOUT A RATE? HOW COULD IT BE OPENED UP TO
THE PUBLIC? REMEMBER THEY SAID ONE BASKET! One vote!
12-7-2014 Intel Guru Frank26 They will be silent on 2015 budget until around
the 17th. AND…So will any further news on the HCL as it is buried deep in the
budget on purpose.
Iraq is making with a special 29 Iraqi banks accused of corruption and money laundering
07-12-2014 07:42 AM
Confirmed the significant economic official in the Iraqi government, refused to
disclose the identity of the November 18, 2014 to refer 29 Iraqi banks a special
investigation, the charges related to corruption and money laundering cases, out of
33 banks, is the sum of the Iraqi private banks operating in Iraq.
According to published site in the November 16, 2014, based on the report, which was
written by the Inspector General for Iraq Reconstruction Stuart Bowen, the money
laundering through the central bank caused the loss of more than $ 100 billion over
the past ten years, most of which leaked to the banks in Dubai and Beirut.
He said Prime Minister’s Advisor Dr. appearance of Mohammed Saleh in the November
26 event, a big disappointment in the private banking sector, which relied upon to
rebuild the country’s economy. Chancellor favor and explain the high number of
banks assigned to investigate the causes of several, most notably the absence of
governance for private banking departments, cash credit and weak, forcing banks to
look for profit-taking, are in most cases, operations non-bank, pointing out that
the regulatory philosophy of the Central Bank after 2003 changed from the control
of compliance to preventive censorship, a supervisory task and not Satria, where
the central bank is watching the credit and liquidity to ensure safety in
accordance with the financial ratios.
Confirms that the absence of banks credit rating makes the creditworthiness of the
private banks are not supported, a process that must be performed by a third party
(a specialized international offshore company in it) adopted by the Central Bank.
For his part, one of the major shareholders saw one accused of bank financial
operations are illegal, on condition of anonymity, in November 25, 2014, that the
former banking competencies that trained in a bank Rafidain and Rasheed, and
running until recently in the private banking sector, laid off from work in private
banks, and become CEOs new operational tool to requests adults shareholders who
drive these illegal operations, so now they see that Almsaqan investigations are
executives at the 29 banks covered by the investigation, and most of them fell
victim to lack of experience.
He added that the manipulation operations began in private banks with the process
of the currency in 2004 switch, which create mafias financial dominated the market,
came after the Banking Act, which prevent private banks in paragraph 28 of the
entry in investment operations or participate in, and prevent them from owning
property more of need (ie prevent investment in the real estate market), which led
the banks to look for funds and methods of capital to make profits illegally, and
thus to enter the capital is clean for profits. Consequently, I worked in the money
laundering is not subject to the tax, and entered the funds from abroad, and some
of them from the inside do not know their sources to private banks, and even
dominated the owners of those funds to the departments of some banks, and thus took
control of the dollar auction at the Central Bank and ridiculed those funds for
personal benefits .
On the other hand, the cooperation between banks and influential in certain circles
inside and outside Iraq, falsified documents tab where he went to the dollar, which
was often go out of the country, to the Gulf, Jordan, Iran and others.
However, the banking expert, Dr. Majid picture he saw in a statement to ‘the
Monitor’ on November 25, 2014 that private banks are not intelligence work for the
follow-up documents, so it is not responsible for the source of funds that go to
it, but if there is a doubt, amounts to the bank’s central bank which in turn is
responsible parties to take legal action.
He stressed that private banks are the victim of a holistic view erroneous, and
that the sources of these perceptions are the leaders and officials and minds
dominant economic activity in the overall picture in Iraq.
However, Dr. Suri refers to the serious imbalance in the series follow the movement
of funds in Iraq, which contributes in great shape in the occurrence of financial
irregularities and illegal dealings, where the discovery of financial corruption
and transactions illegal comes too late, and up audits of banks to the Central Bank
after month to conduct operations, and continue checking at the central bank for
another month is reviewed any previous operations, which took place two months ago.
The funds are then may come to an end, perhaps on the other side of the globe.
To solve those big problem, urges Dr. Suri’s central bank on the need to adopt a
comprehensive technological banking system, which guarantees immediate control, and
access information in the same moment, and in government and the private banking
The chief executive of Standard Chartered Bank UK, which opened a branch of the
bank in Baghdad in late-2013, decaffeinated and Wishart said in a statement
published in the agency’s eyes Iraq on August 21 / August 2014 The way in which
managed a weak Iraqi banks, and in the need to adopt international experiences in
this area, the adoption of international standards and specifications.
Which is confirmed by expert regulatory Dr. Mohsen emotions in November 25, 2014,
noting that the financial control of the private banking sector is not currently
feasible, as described Balkhjulh.
Here and alert to the need for greater government intervention in the form of the
fact that the private banking sector closed and administered in the form of a
family, a large gap for the passage of financial corruption. Believes that the
solution lies in the formation of a joint committee of the BSA and the central bank
and private bank itself, the task of direct real-time control.
In this regard, adds its voice to Chancellor Dr. appearance of Mohammed Saleh to
adopt better corporate governance as a way to reduce the private banking sector
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