1-14-2013: Iraqi Dinar Guru guesses!!!
1-14-2013 Newshound Guru Kaperoni Article: “Economists stress the country out of the framework of unilateral betting” This one seems to give us some more insight into the last few days. Pretty heavy and demanding challenges for Iraq to step into the world economy. Let’s hope they do…of course the first step seems to be…the dinar!
1-14-2013 Newshound Guru Doc Rumors and hype abound…We can with 100% certainty tell all that there has been no RV, chapter 7 has not been lifted, HCl has not been agreed to and there are no mysterious back bank screens showing incredible rates. The bottom line continues as is. There is lots of positive news suggesting these issues are being addressed but we still don’t have closure. We are encouraged but still await final closure. With this we remain cautiously optimistic in the longer term. We report, you decide.
1-14-2013 Newshound/Intel Guru Flashing the political issues are taking care of under the strategic framework agreement. That is the reason why Ban Ki didn’t mention the political crisis as an issue to release iraq from ch 7. [I have never seen a confirmation on this - does Iraq have to have the RV (viable currency) before they can be released from Chapter 7?] there is nothing writing on that respect, but they will return to the position they held previous to being under ch 7. so this means their currency will be tradeable and will have a value according to the country current status in terms of reserves and assets. again the important thing here is the following: a transfer from ch 7 to ch 6 = rv. they need to have a tradeable currency. imo iraq will be moved from ch 7 to ch 6 during this month. the rv is imminent as well as the release from ch 7.
1-14-2013 Newshound Guru Breitling How can Iraq dedollarize it’s economy without raising the value of the dinar. Well, they can’t. The velocity is part of the formula. So, if they delollarize, it’s going to force Iraq to use the dinar & it’s got to go up. The value has got to go up. It has to be a combination. They have to dedollarize and raise the value of the dinar at the same time. Their value of the dinar right now is fake. A recent article said that their reserves went from 65 billion to 110 billion, so they could add value to it today. They are trying to put steps in place so their wealth doesn’t leave their country. The key for us is timing. There is a 2 year process for them to get the dinar to a buck and from a buck they will go back to their original rate of $3.22.
1-13-2013 Newshound Guru L.J. ALL OF THIS CAN BE REMEDIED IF THEY JUST REMOVE ONE LITTLE CLOG IN THE SYSTEM – MALIKI…THEY HAVE ALREADY CUT OFF HIS ABILITY TO RUN IN THE NEXT ELECTION AS PRIME MINISTER WITH TERM LIMITS…HE DOESN’T SEEM TO HAVE A PARTY AND THEY LOOK TO PASS LAWS TOMORROW (MONDAY)…IF THEY DO…LOOK FOR THE QUESTIONING SOON!
1-13-2013 Newshound Guru L.J. AN ARTICLE SAID THAT THE U.S. THINKS IRAQ WILL HAVE THE LARGEST ECONOMY IN 2013 – NOT IF THEY HAVE AN UNSTABLE GOV’T…KURDS SENDING THEIR OIL THROUGH TURKEY…ALL REVENUE MADE GOES DIRECTLY TO THE KURDS…THIS KILLS THE IRAQI BUDGET FOR 2013…THAT IS WHY MALIKI WANTS TO FIRST APPROVE THE BUDGET…(FAT CHANCE)…THEN DISMANTLE PARLIAMENT…BOTH OF WHICH REQUIRE A MAJORITY VOTE OF 163 OR MORE…THE IRAQI BUDGET DOES NOT COMPUTE EITHER…IT SAYS THEIR OUTPUT WILL CREATE $118 MILLION IN REVENUES…NOT IF THEY AREN’T GETTING KURDISTAN’S OIL, HAVE NO INFRASTRUCTURE, AT PRESENT NO OTHER SOURCES OF INCOME LIKE TOURISM OR AGRICULTURE…THEY ARE DOOMED TODAY.
1-13-2013 Newshound Guru L.J. TODAY’S NEWS IS PROMISING…THE AMNESTY LAW LOOKS TO PASS WITHOUT VOTE…ALL PARTIES HAVE AGREED IN MAJORITY BUT MALIKI’S GROUP WANT TO HOLD IT UP…IN THE MIDST OF CIVIL UNREST IN MOSUL IF THE PROTESTERS DEMANDS ARE NOT MET. AN ARTICLE SAID THAT IRAQ SOON TO BE RELEASED FROM CH. 7…PLEASE BE REMINDED THAT IRAQ HAS NOT MET THEIR REQUIREMENTS TO KUWAIT YET…EVEN THOUGH THEY SAY THEY ARE CLOSE MALIKI IS NOT WORKING ON THAT HE IS FOCUSING ON MAINTAINING POWER.
1-13-2013 Newshound/Intel Guru Flashing i disagree with such stories that the rv happened and we need to wait 24, 48 or 72 to see it. it will hit all the world at the same time.
1-13-2013 Newshound Guru Eagle1 while a global currency reset seems fairly well assured, the timing of it is less certain. (the projected date for this is sometime between Feb 19-23) I’ve been watching activities going on with many of the world’s central banks. There is a tremendous amount of effort being put forth to shore things up for those nations that are hanging on by a thread financially. So, how does the global currency reset work? Some nations won’t see much change. Some will see an increase in the value of their currency, and a few will experience quantum increases. The coming revaluation of the VND is a classic example, and of course that says nothing of the RV of the IQD…the IQD is gold-backed! It will not lose its value during the GCR [Global Currency Reset].
1-13-2013 Newshound Guru Tlar Article: “Adel al-Maliki: the southern provinces would halt oil exports if the region continues to export oil through Turkey” This is exactly the reason this government run by the SOL must go. They are an unreliable supplier willing to use oil as a weapon to get their way. They won’t pay Kurdistan or their suppliers so Kurdistan ships oil independent of Bagdad, then Bagdad threatens to shut of all exports. Kurdistan has tried for 6 years to negotiate a deal. Not only are the other blocks in Iraq not going to take it anymore but neither is the world.
1-13-2013 Intel Guru Footforward Maliki is there to serve a purpose. He will be there until the RV happens, the same with Shabibi, whenever he comes back, I was told he will come back at some point. Also, if Talabani died they would be looking for a new president.
1-13-2013 Newshound Guru Kaperoni Article: “Baghdad Economic Forum recommends to reconsider the Central Bank Law and Banking Law” This was a pretty big deal IMO. Maybe even more so than the Sept conference in London. It seems that this addressed mainly as many Arab banks and officials in the region as possible. Some 800 attendees. That tells me we are very close to the dinar going up in value and convertable/tradable. Again, these events have happened in the past, but this one clearly described their intentions to “…promotion of investment and engagement with the private banks and investors in the financing and development of projects and economic infrastructure.” Seems very unlikely that would be a success with the dinar the way it is now….near worthless.
1-13-2013 Newshound Guru Med BARZANI IS CALLING FOR THE NOMINATION AND VOTE IN PARLIAMENT OF THE NEW POR. MALIKI WANTED TO USE A PROXY AND THEN HOLD OFF TILL HIS TERM WAS OVER. HOW CAN THEY PUT IN A NEW GOV FOR CBI WITHOUT PARLIAMENT VOTING, HOW DO YOU JUST BYPASS THE CONSTITUTION.
1-13-2013 Newshound Guru Doc We are much more concerned with HCL. We think this has to happen. It will be the basis to secure assets to back the dinar. If the Kurds walk the party is over and they seem to be running out of patience. The good news is we think the Kurds really do want a unified Iraq but one where there is a shared GOI. We can only hope their patience continues a little while longer.
1-13-2013 Newshound Guru Doc We do not believe chapter 7 is absolutely needed for currency reform. We believe it is intertwined within the grand politics going on. Maliki wants out and the international community wants Iraq to be a global economic force with a democracy. Chapter 7 is simply a leverage point so it would be a great indication Iraq is moving forward. We obviously dont know which will come first but we suspect they might come close together.