Iraqi Dinar Guru opinions 1-29-14
Iraqi Dinar Guru opinions 1-29-14
1-29-2014 Intel Guru BWM We are in a precarious position with the RV… not as far as it happening… but as far as timing goes. As things are shaping up, it appears that we may be in for a delay. How long has yet to be discussed but if we don’t see anything by end of day Thursday I would expect at least a couple of weeks before we get any more real solid news for expectations. As it stands right now, it doesn’t look good for the week.
1-29-2014 Intel Guru BWM There has been a battle going on…This battle is not about the greater good. It has degraded into arrogance, greed and manipulation. Unfortunately I have learned more than I probably cared to about the inner workings of government… The best thing you can do right now is NOT mention the dinar to anyone… period. I would avoid all social media discussions on dinar…
1-29-2014 Newshound Guru Millionday china has stopped exchanging money and so has russia and also kurdistan for some time stated that they had no cash and then we have financial reports that say that the USD was printed and spread all over the globe and caused serious issues — so there are economic issues that are coming about that cause inflation without some type of change in the global economic condition.
1-29-2014 Newshound Guru Millionday now Iraq has stated that they will effect the global economic condition and it has been referred to as the event — so it would be a great time to set rates and begin trade — it would also be a great time for other currencies to do the same imo. i think it would be great time for an rv with the situation at hand with global economies and all the need for new economic options for trade. the best part for Iraq is that they are the only country in the world that has not been effected by the global recession and downfall due to the fact that they have not had an internationally recognized currency. so emerging for Iraq is more like waking up — not emerging.
1-29-2014 Newshound/Intel Guru Eagle1 For roughly the past 15 months we have talked about the Global Currency Reset. Most people have focused on the RV of the Iraqi Dinar as being a single event that would mostly affect those people only who held this currency. In the past week, for the first time we have been seeing the national news media — and more specifically, the financial news networks like Fox Business News, CNBC, Bloomberg, and even the lowly CNN, do interviews with economists who are speaking directly to the GCR and the immediacy of its release to the world. Last Friday, January 24th, CNBC had a rather remarkable interview with economist, Art Cashin, who is the Director of Floor Operations for UBS (United Bank of Switzerland) at the NYSE. For the first time in anyone’s memory, we had an international banking figure come out and publicly state that nations would be revaluing their currencies on Sunday.
1-29-2014 Newshound/Intel Guru Eagle1 We subsequently saw Christine Lagarde give a speech on Saturday in which she spent not less than five minutes specifically referring to the coming “Reset,” noting that this was an event of extreme importance to the global economic ills as a corrective measure. On Monday, Fox Business News did a series of interviews throughout the day with different economists who were not bashful at all about referring specifically to “The Global Currency Reset.” Art Cashin was not wrong when he talked about currencies being revalued on Sunday, but he only mentioned four or five currencies in the interview. What got left out of the interview was the fact that the GCR actually did begin its process on Sunday, a process specifically sanctioned and implemented with the cooperation and help of the IMF. Two of the major currencies that we’ve been watching — namely, the IQD and the VND — were among the first to revalue.
Guru Critic, Many of the so called guru’s have been saying that there will be a “global currency reset” of some 192+ currencies. Just because a few countries “reset” the value of there currency does not mean that it is any type of “global” event. I stick by what I was told and studied that there is no, and will be no GCR. You can believe what you want to but it wont happen as the guru’s keep stating. Nothing was ever stated about the IQD or VND as Eagle1 is stating. The IQD and VND did not revalue, if they moved a couple pips that is not a revalue, or at least the revalue we are waiting for.
1-29-2014 Newshound/Intel Guru Eagle1 I have been repeatedly advised by my contacts at the IMF and other agencies that they would NEVER just do the Dinar or the Dong, release those currencies to the world, and then follow up with other currencies behind them simply because of the massive amount of double-dipping that would take place. Sure enough, even though we had seen a total of 104 currencies finish the revaluing process by Monday night, it was made abundantly clear that we would not get to see the new rates until the process completed. With 104 currencies having finished the process, that left 94 yet to go. I do not know what time the actual process began, but what has been said is that the IMF gave a 72-hour window for all 198 currencies to undergo the process of change, after which the new rates would be released to the world. The timing of this is interesting in view of the fact that the new UN Operational Rates of Exchange chart is due for initial release on the 29th with the final publication on the first of February.
1-29-2014 Newshound/Intel Guru Eagle1 Finally, without speculating here on all the discussions of the new rate for the IQD, I will remind you that before Dr. Sinan Shabibi was so rudely removed from his post as the Governor of the CBI, he made the point that when the Dinar was revalued and released for international trade, it would be critically important for that rate to be in effect for 24-36 months before allowing it to float. His successor, Dr. Turki, has been quoted in the Iraqi news media as pretty much adhering to that position. From reports we’ve received out of the IMF, we’re told that the IQD will closely mirror (within a few pennies) the published rate of the Kuwaiti Dinar. At the close of markets today, the KWD was just over $3.54. That ought to give you some kind of guideline. Barring some event none of us know anything about, I honestly expect this to be our week!
1-29-2014 Intel Guru Fisherman1 That Eagle1 post is somewhat correct but the GCR did start Sunday that is true. It will be before Friday they turn it loose here.
1-28-2014 PUMPER YOU ALL READY FOR THE BLESSING? I GOTTA A SWEET FEELING IT’S JUST AROUND THE CORNER. WELL IT IS TUESDAY NIGHT RIGHT, I THINK THE BANKS WILL BE TALKING TONIGHT. AFTER ALL CHINA IS TRYING TO MAKE SOMETHING HAPPEN IN A FEW HOURS IS WHAT I WAS TOLD.
1-28-2014 Newshound Guru Med A VERY GOOD ARTICLE IS POSTED ABOUT THE REASON PARLIAMENT IS DELAYING THE DELETION OF ZERO’S. IT APPEARS THAT CBI HAS CREATED THEMSELVES ANOTHER MONSTER. AS MOST OF YOU SHOULD KNOW OR MAY REMEMBER SHABIBI WAS REMOVING DINAR SYSTEMATICALLY FROM THE SYSTEM. HE WAS DOWN TO APPROXIMATELY 20 PLUS TRILLION IN CIRCULATION. NOW IT IS ESTIMATED AT 35 TRILLION DINAR.
1-28-2014 Newshound Guru Med THIS IS WHAT HAPPENS WHEN YOU KEEP SELLING AND SELLING AND SELLING. IT CREATES AN INFLATION. BUT NOT INFLATION AS WE KNOW IT. IT IS THE OVER ABUNDANCE OF CURRENCY. IT REDUCES THE VALUE. YOU CANT HAVE 35 TRILLION DINAR DISTRIBUTED. ANYTHING, ANY PRODUCT AS WE KNOW AND HAVE SEEN, WHEN IT IS OVERPRODUCED WHAT HAPPENS? IT GETS CHEAPER.
1-28-2014 Newshound Guru Med IRAQ MADE A HUGE ERROR IN 2010 WHEN THEY WERE ASKED TO STOP THE CURRENCY AUCTION. INSTEAD OF MAKING THE TOUGH CHANGES THAT WOULD HAVE TAKEN WORK AND SACRIFICE THEY DECIDED TO SELL OUT THE IRAQI’S FUTURES. PAY ME NOW ATTITUDE AND WE WILL FIGURE OUT HOW TO PAY IT BACK LATER.
1-28-2014 Newshound/Intel Guru BGG “Parliamentary Economic Committee Demands The Deletion Of The Zeroes” This was a very interesting article from Bagdad News. Parliament and the COM, which is the government of Iraq and the CBI are all separate entities. It sounds like to me that Parliament has been ready for this for a long time. I think if there was a regime change, Parliament would get their way sooner or later. This whole thing revolves around politics. When the politics are resolved one way or the other or enough pressure is applied politically, this is going to happen.
1-28-2014 Newshound/Intel Guru BGG If it comes out low at say a dollar or less, I believe you would see the natural value of the dinar before to terribly much longer. Am I saying it will RV tomorrow? Could, you never know. The reason I remotely believe this is because Maliki got caught with his hand in the cookie jar and they might be able to apply enough pressure to him to get him to be cooperative with currency reform…that’s the rumor. We’ll have to wait and see if this has any validity. I’m hopeful about our near future and our investment. Anybody that says that this is a scam is just kidding themselves. Congress gets quarterly reports on this thing and there’s evidence of that. We have it in writing. And, it’s a currency of a country.
1-28-2014 PUMPER [via a patsy] Nothing has really changed; bottom line, when the administration is ready to do it, it will get done. They got to a certain point last night, then cut it off again. Many countries are getting together…urging the IMF to release it because they see the US is holding up the world for their political aims. Iraq is not willing to support the US any longer in this matter. There was a huge bank meeting and every single finger pointed to the UST saying they directed the banks to do all this.
1-28-2014 SUPER PUMPER [via a patsy] Last night we got calls, they brought in the call centers and exchange centers, everyone was briefed and told it was going live last night. They were told the 800 numbers would be given out and the phone would start ringing at a certain time. Instead, they were told to stop because someone didn’t want it to happen last night – they just wanted us to think that it would. This makes no sense to anybody at all.
The good news: we are hearing today what the schedule is to do this. I just don’t know whether to believe this any more! The whole world knows that the US is holding up the global currency reset. It’s US politics, nothing else! This is just not fair! All we ask is for you to be fair to the American people! [What are our chances of getting the contract rate?] Won’t know until it pops. If we don’t get the contract rate, if we go at the international rates, we will make very sure that those clawbacks are imposed. Everyone has made promises to China that this will be done by their New Year. [so we should be done by Friday?] We should have had this done well before then.
1-28-2014 Newshound Guru Kaperoni Article: “Specialists: oil resources have not invested in economic development” In Sept 2012, after Shabibi was gone, it was decided that the current plan or strategy to move to a free market was not working. They formed a committee of businessmen to participate along with the IIER [Iraqi Institute for Economic Reform] to create a new transition plan. That plan is working and moving them closer and closer. We have seen several accomplishments over the last 6 months or so. …they need to get to Article VIII (freedom of movement of capital). Though they have not accomplished the results we want…I cannot help but feel very optimistic that this group of experts/economists is aware and pushing them forward.
1-28-2014 Intel/Newshound Guru Poppy3 KEEP IN MIND THEY HAVEN’T BEEN FIGHTING TO GET TO WHERE THEY ARE AS FAST AS POSSIBLE TO JUST STOP. AT THIS POINT THEY ARE STILL PUSHING THROUGH THE PROBLEM IN SPITE OF MALIKI AND THE US ADMINISTRATION SUPPORTING HIM BEHIND THE SCENES. THEY SAY PUBLICLY THEY ARE NOT BUT THEIR ACTION SHOW THEY ARE. THE ONLY SUBJECT FRONT AND CENTER FOR MONTHS NOW HAS AND IS FINANCE, STOPPING INFLATION, GIVING BUYING POWER TO THE PEOPLE, IMPLEMENTING THE TARIFF LAWS AND SETTLE THE MONEY PROBLEMS ON OIL TRADE WITH THE KURDS (MONEY, MONEY, MONEY) THEIR MAIN SUBJECT.
1-28-2014 Intel/Newshound Guru Poppy3 THEY ARE NOT GOING TO STICK THEIR HEADS IN THE SAND AND QUIT TILL AFTER A ELECTION. MALIKI KNOWS HE CAN’T WAIT MUCH LONGER AND USE HIS BIGGEST STICK AGAINST HIS OPPOSITION WHICH IS THE VALUE OF THE DINAR. WOW WE ARE IN A GOOD PLACE.