12-3-2012: Iraqi Dinar Guru guesses!!!
12-3-2012 Intel Guru Angelquest all is still good…i would watch and see what happens in china, greece and the good ole usa…today is a good day…but remember Mondays are catch up days for the stocks and banks so stay grounded.
12-3-2012 Newshound Guru Tlar they just announced the new budget would be free of the zeros. The 2013 budget is 2 readings old and they are attempting to finish it this year. They are serious enough about it that parliament just waived the requirement that all the accounts for the previous year have to be submitted before any new budget is voted on.
12-2-2012 Intel Guru TerryK a little bird tell me that we may see something later tonight or tomorrow, no later than Thursday as that the key players that employ o [Obama] are putting pressure on him as well…china has control so i”m pretty excited that they are applying pressure… now i have a big shot telling me that tonight looks sweet. i have a trade platform group telling me tonight, so a lot of groups out there saying we are there. i bet i got 50 calls today alone. Hong Kong source says 4 am eastern we should see it, change in the market.
12-2-2012 Intel Guru Freeway Bill The RV will come and everything looks better than ever before, but nobody knows exactly when.
12-2-2012 Newshound Guru Kaperoni When Shabibi went on TV/skype after he was removed he made it clear there was a difference in monetary philosophy between himself and the GOI. He said there were numerous meetings with the GOI wherein they tried to impose their monetary policy, the govt, meaning Maliki kept saying you should do this, you should do that. Shabibi’s position was that CBI was independent of the GOI.
12-2-2012 Intel Guru TerryK ONE US GOVERNMENT DUDE TOLD ME TODAY THAT THIS MAY GO DOWN SUNDAY NIGHT WHEN FOREX OPENS BUT ANOTHER TOLD ME…IT MAYBE ANOTHER WEEK. SO HERE WE GO AGAIN ANOTHER WEEK. I HEAR [OBAMA] IS STALLING FOR 40% TAX. IT’S DONE IN IRAQ. CHINA IS PUTTING THE PRESSURE ON. I’M HOPING THAT WHEN THE FOREX OPENS SUNDAY NIGHT WE MAY SEE SOMETHING.
12-2-2012 Newshound Guru Tlar So IMHO unless Maliki specifically attempts to stop this from happening, I see this law taking affect the first quarter of next year maybe in January. It is already on the books. Theoretically if it does go into effect as it is supposed too, the currency must be already in place with it’s new value. They can’t let this law be activated without raising the currency first or it will cause undo damage to their economy. I truly am happy to see all these articles pushing this law to the front burner. Parliament and the GOI know this is an issue that must be dealt with in steps. Currency first, tariffs second.
12-2-2012 Newshound Guru Tlar Iraq has already delayed this law two times. The last time parliament delayed this law was June of last year as stated by the article above. They postponed it until January of 2013 but they put a stipulation on it that it was not to be delayed again. They tied this stipulation to the law. I also believe that parliament delayed it to coincide with Shabibi’s stated date to introduce the new smalls, also in January.
12-2-2012 Newshound Guru Tlar Article: “Rikabi: customs tariffs pending the introduction of electronic technology as a system to prevent corruption at border crossing points” To me these are positive articles. They say two things to me. The first is that the articles say tariffs are postponed until 2013. They don’t say when in 2013 but many previous articles saying essentially the same thing, have indicated that it would be in early 2013. The second thing that is important is we know and the government has implied, they can’t introduce the tariffs until they raise the value of the currency. It is too inflationary. If we assume that earlier articles stating the early part of 2013 are real and still on target, then it follows that the new currency value would have to be in place before then. I’ve always said that the tariff and tax laws, one of the three tools Shabibi told the IMF in 2008 he could use to control inflation and support the exchange rate, is the most important indicator of how close we are to an RV.
12-2-2012 Newshound Guru Kaperoni You have to remember…that Iraq has sold between 6 and 10 trillion dinar outside of Iraq. That was intentional. It was the plan to disperse their currency into Central Banks around the world that will be held out there. But they’re not in a position to pay for a high value on that currency but they can watch it go up by speculators and investors. Given a float, speculators will buy and sell and it won’t cost Iraq anything to watch it go up and obviously their own currency in country goes up at the same rate therefore they are the recipients of the stability and increase of value of whats being held outside of Iraq. That in my opinion is a fabulous plan.
12-2-2012 Newshound Guru Kaperoni I personally have seen the trading room that was being constructed. I have chosen not to talk much about it. We’ve already said many times we know that contracts have been signed. In my mind, despite what other people say that it will come out at $3 and $2 and all this other nonsense, I know the facts and the facts are that this is being set up to float. If it goes as planned when it floats, as dinar holders we are going to watch the dinar rise in value. We don’t know how fast, it could be a few months to get to a dollar or it could be several months. That’s the plan as far as I know.
12-2-2012 Newshound Guru Kaperoni We know in reality that they can’t wait and that something has to happen. The value of the dinar needs to begin to rise so that when 2014 comes they can kick this into high gear and say ok now we have value to our currency, now we can move forward, now we can remove the zeros. It was the World Bank that said in 2014 they were going to be a donor country vs. a receiver of loans. If nothing is going to happen for another 13 months it becomes pretty impossible for Iraq to become a donor in that period of time. They’ve got to start raising the value and we believe again that it will be a float.