1-24-2013: Iraqi Dinar Guru guesses!!!
1-24-2013 Newshound Guru Adam Montana [are they (IRAQ Leaders) doing this on purpose to drag out the RV as long as possible?] I wouldn’t say they are doing it on purpose to “drag the RV out”, but you are correct that they are doing it on purpose. If they jump the gun and pop something like this before EVERYTHING is ready…before ALL of the ducks are lined up…before EACH and EVERY T and I are crossed and dotted…it will be a disaster. What would you prefer? A disaster where you “almost” made money but the value crashed again, or a prolonged wait until you can REALLY cash in on a stable(ish) currency? I know which one I prefer. Smart money is patient.
1-24-2013 Intel Guru BOBGETZ6 [any news from frozen man besides the cold weather] The news stream is bone dry. Feels as if everything is ready and the someone, whomever that is, need to pull the darned trigger.
1-24-2013 Newshound Guru SWFloridaGuy I want to make it clear that this next portion is strictly just my opinion after having researched this extensively over the past couple of years. I believe that it would advantageous for Iraq to have a more valuable currency at this time if they are truly serious about moving forward with a national economic reform and recovery (like they are claiming) while also extinguishing debt without creating inflation. Barring further legislative changes and assuming they stick to the currency reform plan, I see things progressing relatively quickly and a good first step would be to pass these reforms over the next week. This would also be a great opportunity for Iraqi leaders looking to consolidate support for upcoming elections. Should be very interesting .
1-24-2013 Newshound Guru SWFloridaGuy This is the budget proposal that Maliki initially opposed when he pushed for the introduction of the new infrastructure bill but it now appears that within the next few days that Iraq will approve their most prodigious budget ever. Now keep in mind, this is also why we are seeing concerns being raised over how they will be able to operate under the burden of a large amount of newly acquired debt. But it appears that the CBI has a plan to not only address this but also previous accounts held as well, which to me is extremely encouraging if true.
1-24-2013 Newshound Guru SWFloridaGuy This Saturday could be a huge day for Iraq’s Finance Committee/CBI/GOI/CoR. Today a committee member said that they are going to approve the budget in the next week and that they had agreed to extinguish the debt of the final accounts for the previous years between the CBI & Finance Ministry. Although there is no direct correlation to a new, revalued IQD rate referenced anywhere in budget numbers, we do believe that there will be a provision made for it.
1-24-2013 Newshound/Intel Guru Flashing we r in an excellent and historical moment…rumors, the last one is that we will see it on saturday, again just rumors. with respect to the rates they are saying there is a high likelihood of a dummy rate, so be careful because the real rate as per these people will be over $5, again those are rumors. On the other hand, imo, Iraq will be trasferred from ch 7 to ch 6 during this month as stated in the past by several articles. what they reached yesterday was a monumental step on this ride. [do you feel were at the end…I mean very, very end?] imo, yes. just think about it. why the UN has not named a high level coordinator to monitor ch 7 as they did in the past? there is nobody holding the rv. it is not true. they are just waiting for some protocols and this is it…we are in an excellent position.
1-23-2013 Newshound Guru Tlar Article – “A new law raises the country’s customs revenues” My aren’t we getting bold. Looks like the opposition is now incharge and everything that Maliki has stood agianst might finally get done.
1-23-2013 Newshound Guru Adam Montana [Some thought it was good that Maliki was in charge…now he might be MIA…who do we want to take his place if he is deserting his position?] We all saw how fast and far Shabibi was taken from the scene when they felt it was time to do so…I am by no means a “Conspiracy Nut”, but I am a realist – Maliki is important to us, but at the end of the day he is not the only one pulling strings there and he can be replaced. I do not worry about him being replaced, because the “powers that be” will be sure to replace him with someone who will also pursue the same agenda.