10-18-2012: Iraqi Dinar Guru guesses!!!
10-18-2012 Newshound Guru Doc We waited a few days to confirm information about Shabibi. It appears from all sources and news outlets that he indeed has been replaced. Several sites are trying to spin this positively but only time will flush it out. In the mean time we speculate on three possible scenarios. First is Shabibi is in fact guilty of what he has been accused…A second scenario is that the GOI wants rapid currency appreciation and Shabibi wanted currency reform in more of just a RD with gradual appreciation…The third scenario is as we have pointed out previously is that Maliki is attempting to stall currency reform. There is a fourth scenario which goes like this. Shabibi is presented as a crook to the public… There are still many unanswered questions with these actions against Shibibi. As with all of this it will take some time for the truth to surface. Sit tight until then. We report, you decide.
10-18-2012 Newshound Guru Mailman WHO IN IRAQ WANTS THIS RV MORE THAN WE DO? NOT SHABS…[MALIKI] BECAUSE HE STANDS TO GAIN 100S OF BILLIONS POST RV, DEPENDING HOW MUCH HE AND HIS CRONIES HAVE STOLEN. TIME AND TIME OVER…MALIKI HAS TRIED TO TAKE OVER THE CBI . THE MAIN REASON FOR SHABS HOLDUP ON THE RV IS PERSONAL…AS LONG AS HE CAN MAINTAIN INFLATION, HE CAN ALSO KEEP MALIKI FROM USING IT.
10-18-2012 Newshound Guru Adam Montana [Do you think a float may be what CBI has planned, or do you think it will be a RV?] This one has been the center of MUCH debate over the years, and in my opinion it’s a draw. Either one allows for significant growth, and both have their +s and -s.
10-18-2012 Newshound Guru Med I AM NOT SURE THAT I AM TOO HOT ON SHABIBI COMING BACK AND MOST OF THOSE I TALKED TO FELT THE SAME WAY. SHABIBI HAS BEEN VERY CAUTIOUS AND…MALIKI HAS COME TO SHABIBI AND ASKED HIM TWICE TO INCREASE THE VALUE OF THE DINAR. BOTH TIMES HE DID NOT BUT IF YOU DO GO BACK AN READ THE ARTICLES, THIS IS THE PROBLEM. HOW COME AFTER ALL THESE YEARS THE DINAR IS NOT WORTH MORE. ALSO, ANOTHER THING, THE PAR VALUE PAR DOES NOT MEAN 1 TO 1, PAR MEANS THAT IT IS ON THE POSITIVE SIDE OF THE ZERO. RIGHT NOW IT, IN ALL REALITY, HAS A NEGATIVE VALUE.
10-18-2012 Newshound Guru Med IT IS IN EVERY ARTICLE…HOW COME THE DINAR IS NOT WORTH MORE? THEY DONT WANT IT HELD BACK. THE ISSUE THAT IS PUTTING SHABIBI OUT TO DRY RIGHT NOW IS THEY ARE UPSET THAT THE DINAR EXCHANGE RATE IS NOT MORE AND CLOSER TO PAR WITH THE USD. WELL HE WONT BE SINCE IT HAS BEEN FOUND OUT THAT MOST OF WHAT HAPPENED WAS ILLEGAL AND AGAINST THE CONSTITUTION. THE COUNCIL OF MINISTERS HAVE NO RIGHT TO SUSPEND SHABIBI. ONLY PARLIAMENT DOES AND ONLY PARLIAMENT CAN FIRE HIM AND ONLY PARLIAMENT CAN PICK A NEW ONE.
10-18-2012 Newshound Guru Adam Montana there are still news reports that show Iraq is not yet as perfect as the US, but quite honestly – I think they are very stable and are getting more stable all the time. Now, the current situation with Shabibi is going to be a rocky one for a week or three, but there’s simply no way to expect an RV to happen without a few heads rolling! What we need to focus on is one question: “Is Iraq heading the right way?” I can answer that with a YES, and that’s all I need to make me happy with my decision to invest in the Dinar.
10-18-2012 Intel Guru Bluwolf HE [SHABIBI] HAS NOT BEEN ARRESTED FOR HE IS OUT OF THE COUNTRY, THOU HE HAS A WARRENT FOR THE FACTS ESTABLISHED…THE FINGER IN THE NEWS POINTS TO ANOTHER AND IT IS THE PM. THE U.S. MUST STRAITEN THE TWISTED TREE IN IRAQS GOVERNMENT, IF NOT DEMOCRACY CANNOT BE. [do we think it will be days or weeks or months?] AT ANY MOMENT, ALL IS SILENT, ALL IS DONE PERIOD. NOTHING HAS CHANGED.
10-18-2012 Newshound Guru Enorrste However, it is my opinion that this will not be allowed to go through without a “conference” between Maliki and the UN/US. I suggest we wait this out. Remember, Maliki tried this once before and it fell on deaf ears. At that time he was apparently intimidated and failed to act. The fact that this time he is acting does not make it any more legal. In fact, I suspect that a hailstorm of protest will occur and that we will see his “decision” reversed in short order.
10-17-2012 Newshound Guru Adam Montana the BIG news is on Shabibi…he is at least temporarily replaced by Abdul-Basit Turki in the role of head honcho at the CBI. There have been no charges filed at this time, BUT warrants for Shabibi and at least 29 other bank officials have been filed. Maliki seems to be at the head of this charge, and the reason is stated to be financial crimes. This comes after a very strong trend in news about banking transparency and advancements. [post 1 of 3….stay tuned]
10-17-2012 Newshound Guru Phoenix3333 The allegations about Shabibi are real. Mr. Shabibi has been heavy into the IMF for a long time, heavy into the World Banks, he is an economic heavy weight. Maliki and Talabani met with heads from the Obama Administration, big meetings regarding the CBI, the currency & the next thing we know Shabibi has been removed & replaced. The IMF are bankers, it doesn’t care about the people, it wants to know that they can get their money back. What if the IMF wanted Iraq to be so far under that they had to take out loans from the IMF. Who better to become their debtor & repay loans than Iraq with all of their wealth. So, why doesn’t Iraq revalue their currency? When? What if Iraq wants their wealth back and the man put in place says no. Maybe Mr. IMF was in control there, & has now been removed. Do I think they will move forward quickly? Yes, I do.
10-17-2012 Newshound Guru 8Ball Article: “Cabinet approved the recommendations of the dinar exchange rate fluctuations and the formation of a committee to review the previous sales in auction” with all the articles about Shabibi and now a cabinet approved law to do with the rate of exchange…I’m good. Now Talibani has to approve before it goes to the gazette.
10-17-2012 Newshound Guru Bondlady the corruption in iraq is horrid and sadly enough we had that going for us in this investment…the corrupt would never want a lop…they would want an rv hence helping us and them too no doubt. it’s being said shabibi did want to rd basically lop and they sat out to prove he was corrupt but because the cbi is independent no one could see whats going on behind the cbi walls. it now appears shabibi has indeed been replaced, several are telling me that this guy who replaced him is for an rv. he is 1 of 100’s that want an rv that are involved in this arrest warrant thing…if he rv’s, its binding…no take backs…he is the cbi gov, Abdul Basit Turki. [post 4 of 4]
10-17-2012 Newshound Guru Bondlady after talking to many people today, they believe that shabibi was set to rd the currency…he had as much said that and from the articles we’ve seen we saw that coming but to release the coins would have had to have a rate and not 1166…its being said that for 3 yrs shabibi has purposely kept the dinar market rate lower than it should have been, making literally millions and millions on what we might call a spread but different…that many people think he purposely kept it under valued and took the difference…many politicians in iraq did not want a rd or a lop. if this would have happened then he supposedly would have been able to export the currency a lot more for less and sell high. [post 3 of 4…stay tuned]
10-17-2012 Newshound Guru Bondlady there was an auction that went through the cbi that registered something like 4,000,000 or something to that affect but there was only like 4,000 that could be accounted for might even been more than 4 million…this was what a jordanian banker tried to explain to me, but it was very difficult to understand, language barrier, so the amounts of any of this weren’t correct, but…the song remained the same…if this is indeed so, then there was corruption going on unless you can explain why in the wall street journal they named like 27 billion on imports paid out but only 4 billion recorded…the banker was trying to tell me but i couldn’t get the numbers right…this is one incident out of several about money that was supposedly paid for imports through the cbi…imports never received…money never found…the bottom line…is shabibi is the central bank governor, the buck stops there. [post 2 of 4…stay tuned]
10-17-2012 Newshound Guru Bondlady i have an announcement…i’ve been taking calls trying to get the information…different time zones you know…i’ve talked directly to people in iraq also…i’ve also talked to two brokers and a bank in iraq, also a bank in dubai…i don’t jack with tellers so it was higher up, also i’ve talked to ali (dinar trade)…i’m not going to lie…i’m pretty shocked to say the least…it appears there may be some truth to shabibi being involved…