GURU GUESSES 3-13-13
3-12-2013 Goofball JUST GOT WORD THAT WF [WELLS FARGO] IS MEETING IN THE MORNING ON INTERNATIONAL CURRENCY AND THE CHANGES COMING. THAT’S THE WAY IT WAS JUST PUT. TREAT THAT AS RUMOR. I THOUGHT AS MANY LAST NIGHT WAS OUR NIGHT, HEARING THAT IT MAYBE TONIGHT OR BETTER YET THURSDAY THIS WEEK. THE DINAR MAYBE OVER 7.00. WE ARE TRYING TO CONFIRM. TREAT THAT AS RUMOR.
3-13-2013 Mailman17 A LOT OF DISCUSSION WAS THAT THE RV WAS IN THE BUDGET NO BUT THE BUDGET SHOULD REFLECT THE NEW RATE…HENCE IN A WAY…IT IS TIED IN. THE OTHER THING I WAS THINKING ABOUT IS THIS, THEY CAME OUT WITH THE HIGHEST BUDGET IN HISTORY. BASING THAT ON A 1-1 MIGHT BE A LITTLE INTIMIDATING EVEN TO THE IMF AND WORLD BANK AND BASED ON THEIR OIL OUTPUT…VERY SCARY.
3-13-2013 Bluedog President Talabani’s health file is closed indefinitely. Why can’t we see it, did you lie to us and by the way he is in Iraq getting ready to sign the Budget. Ignore the articles about Talabani not returning to Iraq in March. Lies and smoke. Talabani is back and working and there in a hurry now. IMO there is no delay. Banking Laws…all Laws are done ready for Talabani to sign all at the same time. Infrustucture Law is ready for him to sign at the same time as the Budget. Talabani will sign many laws all at once…it will be Historic for a Historic Budget. [Is it in the hands of iraq or not?] Its in the IMFs and World Banks hands and the world bank is there implementing the Mechanism as in Lower Denoms and other things for this to roll out. I was looking to Thursday myself…Thursday could work out just fine.
3-13-2013 Mailman17 BUT, IF THEY WERE TO COME OUT OVER A BUCK, THAT 119….WHICH IS BASED ON A DOLLAR VALUE PER SE IS A LITTLE SMALLER. I WILL EXPLAIN…AT A 1-119 BILLION DINAR HAS THE VALUE OF 119 BILLION DOLLARS, YES, HENCE IRAQ HAVING TO PUT OUT THAT MUCH IN OIL AND ANYTHING ELSE THEY CAN MUSTER. LETS JUST SAY…THEY COME OUT AT 1.50 THE 119 BILLION DINAR NOW HAS A VALUE UNDER A 100 BILLION DOLLARS…VALUE WISE YOU GUYS GET WHERE I AM HEADED ON THIS? IF THE DINAR HAS A VALUE GREATER THAN THE DOLLAR….THEN 119 BILLION IS VERY MUCH ATTAINABLE. LEAVING IT AT 86 CENTS DOLLAR VALUE IS TRULY STRETCHING THEIR NECKS BUT GIVING IT A VALUE ABOVE THE DOLLAR IS VERY PLAUSIBLE. ALL WE KNOW IS THEIR BUDGET IS 119 BILLION DINAR THAT VALUE COMPARED TO THE DOLLAR IS WHAT WE WAIT TO COME OUT. THE IMF EVEN STRESSED THAT MIGHT BE A LITTLE TO HIGH FOR THEM. SO MY GUESS IS THAT A HIGHER RATE JUST MAY HAVE BEEN NEGOTIATED, JUST MY THOUGHTS.[I’m not following.] OK, HANG ON. THEY HAVE A 119 BILLION DINAR BUDGET, KEY WORD BEING DINAR, GOT IT. OK, AT A 1-1 RV THEY MUST PROVIDE 119 BILLION DOLLARS WORTH OF PRODUCT, GOT IT? OK, NOW IF THE DINAR IS VALUED HIGHER THAN THE DOLLAR THAT 119 BECOMES SMALLER. DOLLAR WISE SAME PRODUCT, JUST WORTH MORE AGAINST THE DOLLAR. MORE BANG FOR THEIR BUCK…IN THIS CASE DINAR. NOT SAYING ITS GONNA BE 2 BUCKS OR EVEN 1.25 BUT THAT 1.17 LOOKS LIKE IT MIGHT REAR ITS HEAD IN THIS THEN. I DO NOT THINK 86 CENTS IS ON THE BOARD ANYMORE’ NOT WITH 119 BILLION. THE THREAT OF THEM LOOSING A TRILLION IN PROTECTION MAY 22ND IS OUR ACE.
3-13-2013 Adam Montana This week I would like to *attempt* to explain some things about Kurdistan… the “devil is in the details”, as they say, and the more you know about a subject the easier it is to understand the news surrounding it. When we as Iraqi Dinar speculators talk about “Kurdistan” or the HCL, we are actually referring to “Iraqi Kurdistan”. Kurdistan itself, however, is actually more of a “region” than a defined country. Kurdistan extends into Turkey and Iran, and is defined more by culture than by actual “lines on a map”. This is where it gets tricky….The Kurdistan area in Iraq has constitutional authority to have their own government, and to make their own laws. BUT the authority stops when it comes to International matters… that authority, even over the Kurdish region in Iraq, is left to Baghdad.
3-13-2013 Shredd Article: “The Law of the Ministry of Industry conducted it set adjustments during past periods, but still needs further amendments conform with the policy of a free market economy.” When we see this phrasing…”free market economy”…we should really get excited because of what this will represent. In short, a free market economy is a local economy where supply and demand call the shots. The greater reality is the intervention by the government is rare. Here’s a big one…In a free market economy, exchange rates are not pegged (or managed) by the government but rather fluctuate based on the demand of the currency and especially in Iraq’s case, the supply of the currency. So in summary, the House is amending this law in light of the shift, or already initiated and in the process of, moving from a planned economy to a market economy. What a golden nugget of progress in this!!
3-13-2013 Adam Montana Now since “Kurdistan” is actually a region that expands into multiple countries, and the “line on the map” is not exactly defined… obviously the Kurds want to push the line out and the other countries want to push the line in. Herein lies half of the issues that make up our famous “HCL”… depending on where that line is drawn, the Kurds should be entitled to more or less oil revenues. Now that we understand that Iraqi Kurdistan is it’s own region, but still part of Iraq, we can address the real issue… who is in charge of the rate of the Iraqi Dinar? IF it was up to the Kurds, or if they even had an equal say in the matter, then we would be in trouble. This is not the case. At the end of the day, the fight for more territory will continue probably forever. But while Iraqi Kurdistan is using the Iraqi Dinar, and while the Central Government in Baghdad has the final say on international matters… “Kurdistan” will be forced to go along with the rate set by the CBI. And that is good for us. ok, hopefully that helps everyone understand how “Kurdistan” works and how the HCL is tied to this in so many ways.
3-13-2013 OCrush This is the latest. The oil minister has qualified some oil companies to bid in an area about 200 miles south of baghdad. They are, china, india, russia, japan and france. A couple of months ago my cousin said when the bidding process starts again, the hcl will be in full swing. They have not determined the day of the bid yet but it is close to be announced. He believes next week. Also the UN will have a vote on the remaining issues on the 21st of March. Getting closer.