12-6-2012: Iraqi Dinar Guru guesses!!!
12-6-2012 Newshound Guru Doc Many sites are speculating that all is done. Unfortunately these continue to overlook the obvious. We continue with our position Maliki does not want currency reform at least not quite yet. We are reminded his goal appears to be to control every aspect of Iraq to the point of dictatorship. Our opinion is he will release the RV when he feels he has full control. Right now he does not. He does not control the “wealth” of Iraq in that the HCL is not done. He does not quite have full control of the entire GOI in that he continues to release bogus warrants for those that oppose him. We are also reminded that to control the masses he has to keep them in fear and/or dependent on him. This has been confirmed by various sources such as the Secretary-General of the UN, Allawi and others. As the political wrangling works it way out then currency reform can happen. A free market currency needs a stable political environment and assets to support its value.
12-6-2012 Newshound Guru Kaperoni clip from article – “the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 “. Turki added that “the deletion of zeros is a necessary and useful step to restructure the currency and the economy,” I just find those two statements very contradictory considering the circumstances in Iraq. Everyone is fully aware of the economic situation in all areas. Delaying this event seems to only accomplish one thing, which would further deteriorate the achievements made in the economy and create more poverty, less employment and civil unrest. Maybe that is what Maliki wants….who knows.The one interesting fact that is still outstanding is the torn, worn out dinar. The articles that addressed this in Sept and Oct stated that the first week of Nov they would start issuing replacements. To this date, I am not aware any such process. Therefore, this article seems to hold even more gravity when you consider the condition of the dinar in country.
12-6-2012 Newshound Guru Tlar “clip from article – “the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 “. Don’t believe anything you read concerning when this will happen. Let’s look at the facts. They want the ration card shut down in March. The bank is still following Shabibi’s plan. They are still mopping up dinar with the auctions. They are trying to become members of the WTO. They obviously want out of Chapter VII. They need the investment as they themselves have stated. The ISX is coming to the front burner. They need tariffs now. They’ve already raised fuel and electricity proving their serious about the rations. The IMF loans are due Feb with most likely no more extentions. The Cbi has stated once again their ready. How can anyone believe what they are now saying. They can wait another year? Hog wash. Who on here believes that this article would say: “we have decided to remove the zeros in Jan 2013?” Don’t believe these guys. They have many reasons and motivations to not disclose their plans.
12-6-2012 Newshound Guru Adam Montana Iraq has made significant progress, is millimeters away from being released from Chapter 7, and would benefit from a raise in the value of their currency.
12-6-2012 Intel Guru Bluwolf On another subject nothing has happen as of yet, I see rumors come and rumors go what I don’t see is the solution that must be dealt with here in the U.S.( the tax on the rich ) for that if done before the 15th would insure us a blessed Christmas, but the way I see this it might take longer before the gop falls into play an gives in to a solution. No bill signing, no rv, fine and simple. Looks like we are looking at the beginning of the year before we may see our blessing.
12-5-2012 Intel Guru Footforward China is in control of part of this, but it is really a collective of events. Some think that this is being held off until January, 2013 for taxes, I don’t believe that to be true. A free float – there is no way this will free float. If they were to go to a free float they can only increase/decrease 2% every 90 days. It would take a very long time for them to get anywhere. It is not going to happen that way. The GOI has no affect on the RV. The monetary policy is decided by the CBI. The CBI and the GOI have done everything they need to do, it is out of Iraq’s hands. There isn’t much new intel, there isn’t a lot going on out there. We are just waiting for the call to let us know we can go cash out.
12-5-2012 Intel Guru Footforward The Vietnam currency value tanked because of inflation. Vietnam cannot carry a high value to their currency. I don’t believe that Vietnam can support a value higher than between $.05 – $.20, no higher. There is manipulation to get people to exchange their dinar for dong. These people will be very disappointed at the end of the day. The dong has not RV’ed anywhere, what you are seeing on the screens is manipulation, propaganda to get you to sell you dinar and buy dong. The dinar will give a better return on your investment, it will outperform the dong, but the dong will still be a very good investment.
12-5-2012 Newshound Guru Med …THAT WOULD MEAN THE GOI WILL HAVE TO ACTUALLY SET UP SOME KIND OF TAX SYSTEM TO GENERATE REVENUES TO SUPPORT THAT VERY VERY EXPENSIVE GOVT. THIS IS WHY MALIKI WAS TOLD IN LATE FALL OF 09 TO CUT SALARIES AND TO ALSO CUT THE AMOUNT OF IRAQI’S EMPLOYED BY THE GOI THAT THEY HAVE, APPROX. 10 X THE AMOUNT OF PEOPLE WORKING FOR THE GOVT THAN IS NEEDED FOR A COUNTRY ITS SIZE. ALSO, IRAQS BUDGET IS INCREDIBLY HIGH COMPARED TO OTHER COUNTRIES OF SIMILAR SIZE. MALIKI DOES NOT WANT TO LOSE THOSE REVENUES.
12-5-2012 Newshound Guru Med MY #1 REASON FOR WHY MALIKI DOES NOT WANT AN RV RIGHT NOW – IN ORDER TO ENTER THE FREE MARKET ECONOMY IRAQ MUST GIVE UP ALL RIGHTS TO ANY COMPANY PRODUCING REVENUES. THEY CAN NOT HAVE A CONTROLLING INTEREST IN ANY COMPANY, OIL, GAS…NO MORE THAN 49% OF THAT COMPANY.
12-5-2012 Newshound Guru Adam Montana and finally, 3. The announcement of AsiaCell coming onto the ISX… there is a LOT of speculation on AsiaCell – does it signify an RV, does it have anything to do with the RV at all? I say no, but it IS a good indicator that things are STILL going the right direction. We’ve been watching this investment for 10 years now, and although it really looks like things are wrapping up at an accelerated pace… there’s no law that says it can’t go another 10. (I’m not saying I think it WILL go another 10! I’m just saying anything is possible)…one last thing… a warrant was also issued for Saleh. Saleh has recently been mimicking what Shabibi was saying before his warrant was issued so it is very easy to see that the GOI (Maliki personally?) may be issuing warrants and warnings to everyone opposing an RV.
12-5-2012 Newshound Guru Adam Montana I’m certain that Shabibi’s actions (putting a l0p ahead of an RV) had a lot to do with him being removed. Now that he is not able to stick his nose directly in the business, I would like to see Maliki move forward at an accelerated pace to raise the value significantly. (If Shabs comes back after the value is raised and is put in charge of maintaining the stability of the new rate, I’m sure he will do a good job.)
12-5-2012 Newshound Guru Adam Montana 2. Changing the currency, deleting the zeros, raising the value, etc. We are seeing a few opposing articles – some say that they plan to swap out the currency in January, others say that’s not going to happen. Here is why: The bank has been a supporter of simply removing the zeros. They feel they have inflation and volume of currency under control. Removing the 0’s without changing the value is a straight bunny-ear – no value is gained, no value is lost, but what IS lost is two things: The money it takes to needlessly reprint currency, and the potential to recapture lost wealth.
12-5-2012 Newshound Guru Adam Montana There are three items to mention on the “state of the dinar” 1. Tomorrow, Thursday, Ki-moon will be in Baghdad and it appears there is a heavy emphasis on Chapter 7. Ki-moon will meet with Talabani and Maliki…this is a ONE DAY visit, which basically means there isn’t a lot of negotiating, strategizing, or anything else going on – it’s a “Hi how ya doing? Can we sign this thing yet? GREAT!” type of meeting. (Or it’s a “No, we need another week to get Erbil wrapped up…either way, things are going the right way!)
12-5-2012 Newshound Guru SWFloridaGuy Ban Ki Moon is making a trip to Baghdad tomorrow and claims that one of several items on the agenda is to remove Iraq from Chapter VII. If true, this is excellent news for the dinar community. The UN Secretary-General, who is meeting with President Talabani and Prime Minister Maliki will also hold a joint meeting at the Conference Palace with the parliament speaker and heads of blocs and parliamentary committees. Ban Ki Moon said that “Iraq wants to get out of the provisions of Chapter VII of the UN Charter, but I strongly encourage the Iraqi Prime Minister to speed up the closure of many important files in the fastest time possible.” I’d have to agree with the Moon on that one. The US Secretary of Defense also met with Maliki to abetment a solution to the Baghdad/Erbil political crisis.