12-20-2012: Iraqi Dinar Guru guesses!!!!
12-20-2012 Newshound Guru Adam Montana There is no way that Iraq will get out of Chapter 7 without a harmonious agreement on Erbil/HCL/etc. The exact order of the events is not important, but the big picture must be completely painted before anything will happen. So, if there is a “closed door” agreement to complete Chapter 7, or HCL, or Erbil – then any of them can happen first with the understanding that the rest of the chips will IMMEDIATELY fall into place. In other words, if the agreements are in place… it doesn’t matter which happens “first”. They can all happen at the same time, and we will simply hear about one before the other. We might THINK one happened first, but the truth is they will all be decided and agreed upon before we even know about the “first” one.
12-20-2012 Newshound Guru Med PARLIAMENT HAS NO LAW THAT PUNISHES MALIKI FOR DOING THIS. HE LEGALLY STOLE MILLIONS OR BILLIONS FROM THE AMOUNT THEY POSTED. IS THAT NOT OUTRAGEOUS? I CAN TELL YOU EASILY THE SAME REASON WHY MALIKI DOES NOT WANT TO GIVE UP THE OIL, HE USES THE OIL REVENUES TO PAY HIS OVER PRICED GVT [GOVERNMENT] EMPLOYEES WHICH IS 10 X WHAT IS NEEDED ACCORDING TO THE IMF.
12-20-2012 Newshound Guru Med DID YOU READ THE REPORT BY TUKRI ON MALIKI. MALIKI HAS BEEN PAYING HIMSELF AT A RATE OF EXCHANGE OF 180 DINAR TO 1 USD UNDER THE TABLE. THEY GIVE THE YEARS AND THE YEARS HE COLLECTED 500 TO 1, SINCE 04. HE HAS NOT GOTTEN APPROVAL FROM PARLIAMENT, ONCE FOR AN INCREASE IN PAY, HE JUST GAVE IT TO HIMSELF.
12-20-2012 Intel Guru TerryK We can hope that we have a green Christmas. We don’t know that we will. Some people are hanging on this and hoping for this…timing is not in our control…we have to wait on someone else’s timing…a lot of things are in the process; I’m very excited.
12-20-2012 Newshound Guru Kaperoni Article: “Deputy for the rule of law reveals collect 122 signatures to reduce the budget of the Kurdistan region” This is exactly what I said a week ago pertaining to why Maliki does not want to change the value of the dinar. At the current exchange rate, he can keep his finger and control over all tribes and areas of Iraq. Once there is wealth, he loses control.
12-20-2012 Intel Guru TerryK [Does Talabani’s health have any bearing on timing?] NO IT DOES NOT. TRUST THIS ITS ALL ABOUT THE USA RIGHT NOW, ITS ALL ABOUT THE 40% CAPITAL TAX…WHEN THAT IS RESOLVED YOU MAY SEE SOMETHING OR NOT
12-20-2012 Newshound Guru Newmonies WE CANNOT IMAGINE THE POWER STRUGGLE THAT IS GOING ON RIGHT NOW BETWEEN MALIKI/SLC AND BARZANI/KDP…NAMING A NEW PRESIDENT IS GOING TO BE THE BIGGEST POLITICAL FIGHT MALIKI HAS EVER BEEN IN BECAUSE IT WILL DETERMINE MALIKI’S FATE. THIS IS GOING TO GET VERY EXCITING AND I MEAN THIS IN A GOOD WAY AND DON’T THINK THAT FOR ONE MINUTE ALLAWI ISN’T GOING TO BE JUMPING UP AND DOWN WANTING THIS POSITION. HE WILL BE ALL UP IN THE MIDDLE OF THIS ONE
12-19-2012 Newshound Guru Kaperoni For all practical purposes one would assume they need a convertible currency if they are going to open up to international trade via the stock market or any other services. Iraq though has been able to “Band-Aid” this to set up certain banks to handle the transactions. In the case of the ISX, they recently created a “custodial” banking partner who acts as the middle man on all ISX transactions so one does not have to be in Iraq or have an account in Iraq to participate. This though is not a real solution, but as I said a Band-Aid. If Iraq truly wants to be “open” to the world in all aspects, IMO they need to make the dinar internationally convertible and accepted by changing to Article 8 under the IMF guidelines.
12-19-2012 Newshound Guru Adam Montana [Might the CBI still be a bit hesitant to RV right away, if they can just keep on selling Dinar for our dollars? But, I expect X,Y has to cross on the graph sometime.] you’re 100% right – X and Y have to cross at some point. In my opinion, that crossing will happen sooner than later – obviously there is benefit to selling the Dinar, but the benefit of Revaluing is higher, so that junction can’t be too far away.
12-19-2012 Intel/Newshound Guru Poppy3 [I thought poppy said it was the 27 the next time the UN meets, this is great news.] I did say the 27th and at this time that is the next day the u n will have a full membership in meeting and that is the date that was stated to have iraq on their agenda to discuss and make announcements about sanctions or change in chapter 7 status. the full agenda or direct points are not known nor is what the announcement will be about, thats why it is a announcement .
12-19-2012 Intel Guru BOBGETZ6 Just spoke with my friend…and he feels as if this is very close. If it takes even until June of next year, and he doesn’t think it will be that long, relax as we will all be rich. He is…very well connected both here and abroad. Everything appears to be in sync and more so than ever in the past. He did say however that his antenna are up…More so than ever.
12-19-2012 Intel Guru TerryK I PASS ON WHAT THE SOURCES GET, RIGHT, WRONG, BAD OR GOOD, THATS A RUMOR. YOU ALL KNOW IM IN HOUSTON RIGHT. IM GOING HOME ON THE 21, IM TAKING ALL MY STUFF WITH ME…LEAVING NOTHING BEHIND. I DONT ANTICIPATE COME BACK TO WORK OK. NOW THAT DOES NOT MEAN THINGS COULD CHANGE.
12-19-2012 Intel Guru Freeway Bill KEEP YOUR EYES OPEN …TIS THE SEASON AND ACTUALLY THE DAYS AND HOURS RIGHT NOW TO JUST SIT BACK AND WATCH AND LISTEN AND TAKE IN THE REALITY OF WHAT IS ABOUT TO HAPPEN TO THIS WORLD…OVER THE NEXT FEW DAYS…
12-19-2012 Newshound Guru Doc Much to do has been made over the articles stating the Governor of the CBI has been given permission to use whatever mechanism to raise the value of the dinar. We must be missing something since the Governor has always had that power. As we reported in our last update we believe there is a power struggle going on. We have Maliki with dictator illusions versus rest of Iraq wanting true power sharing.
12-19-2012 Newshound Guru Doc Fortunately we have seen “outside” influences such as UN, IMF, etc apparently exerting pressure on Maliki to conform. Our opinion is the article concerning the mechanisms are Maliki saving face which if correct we find very encouraging. Everyone is aware to have a stable currency you need a stable GOI backed by consistent assets. In our case a stable GOI and HCL in place. The problem is the RV is stuck in the middle. Maliki hasn’t supported it and the “outside” influences seem to be using chapter 7 as their bargaining chip. All the talk of everything’s done is way premature. The report to the Secretary-General of the UN stated such. We do remain cautiously optimistic in the near term but as always need to see closure around some key issues like HCL. We report, you decide.
12-19-2012 Newshound Guru Doc It is absurd to insinuate Talabani’s recent health issue was staged. He has a history of this type of issue. There is no tie with this event and what happened in Kuwait when its currency was RI’ed. We continue to see some reports that he has died but more trusted sources are reporting his condition actually was raised to “stable”. In either case he was the voice of reason between Maliki and the Kurds. We fear those negotiations may take longer due to his absence. As we have said getting the HCl in place is a critical step toward currency reform.
12-19-2012 Newshound Guru Adam Montana …we are still watching the tennis match between Iraq and the UN, Kurds and Shiites, etc…if all the cards are playing in our favor, there will be an RV tomorrow (just in time to buy some BIG Christmas presents!) but most likely this is going to drag out and not happen until AFTER the new year. I know many of you will be looking at me like the Christmas Grinch right now, and I apologize for that…but as always, I’m not here to sugar-coat things.
12-19-2012 Newshound Guru Adam Montana I’ll indulge all the conspiracy buffs for a moment: this COULD be a genius ruse, taking him out of the spotlight so they can RV in a swift and unstoppable manner. This could be Chapter 2 in the “Take Out The Key People” saga, where Shabibi was Chapter 1. This COULD be a great opportunity for magic to happen (when the Cat’s away, the Mice will play!) but quite honestly…I think it’s simply another set-back for Iraq, which will delay their plans for the inprovement in the value of the Iraqi Dinar.
12-19-2012 Newshound Guru Adam Montana there are a LOT of questions this week about Talabani – he is not dead. But, obviously this DOES have an impact on the Dinar – there are two possible scenarios here: 1. He had a heart attack. Being President of any country is stressful, I don’t know who cooks his meals, but he doesn’t look like he eats extremely healthy and his job isn’t exactly easy… so it’s very possible that he actually did have a heart attack and not much is going to be happening until his vital signs are stable one way or another. 2. – actually there is no 2. The heart attack is real, he is really in the hospital, and we have no way to know what will happen between now and the time he is “publicly” declared “not in the hospital”.