Iraqi Dinar Guru opinions 3-21-15
Iraqi Dinar Guru opinions 3-21-15
3-21-2015 Newshound Guru Breitling …people are saying “you’re not posting as much…if you think it’s not going to revalue or it’s going to be a little bit down the road say something.” People are starting to panic a little bit…It has nothing to do with that [Breitling’s Dad got very sick in November, spent a lot of time with him and recently passed ] …I’m very very motivated and have more confidence in this investment more than ever…There’s nothing I’m seeing that there’s cracks in this or anything like that it’s completely the opposite…it’s [the dinar] is recognized by the IMF. Period end of story. Their definition of internationally recognized is it’s supply X velocity…how much is it used. It’s ALREADY “official” but they have to add purchasing power to it so people will use it. They can’t have a currency that’s worth a 10th of a penny and they say ‘hey you should use our currency.’ That’s not going to work…
3-21-2015 Newshound Guru Breitling There’s one guy out there who’s pretty smart…he talked about the dinar will never revalue because they have 30 Trillion dinar out there. That’s true. But I’ve always said that. The clues are you HAVE to believe they are going to reduce the note count…so there is not 30 trillion anymore, they lowered it. For some reason they never listened to Dr. Shabibi who was the governor of the CBI talking about ‘we’re going to reduce the note count by 70% and add value to it.’ That’s where the rate justification report came in…but it’s based on a certain note count. They want to add value to the currency…when is it going to happen? That’s the question…
3-21-2015 Newshound Guru sczin11 THE WTO HAS AN…UPDATE ON ACCESSION OF IRAQ TO WORLD TRADE ORGANIZATION. LOOKS LIKE WE ARE ON REVISION 9, AS OPPOSED TO LAST JULY REVISION 8. [wont the rv happen b4 the wto?] WTO NEEDS RV, RV DOESNT NEED WTO//SO YES U R CORRECT. …THE MERE FACT THERE IS AN UPDATE TODAY…MEANS WHAT? SOMETHING IS HAPPENING.
3-21-2015 Newshound Guru Millionday [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?] NO IT IS STILL ON THERE. Quote: “Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)…] SO AS WE SEE — THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 — ON SUNDAY THE 15TH OF MARCH. Quote: “The market value for the current week 8.906 trillion dinars. Compared with the market value last week’s 7.981 trillion dinars, an increase of 11%.” I HAVE TO SAY AS WELL…KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ — THAT IS HUGE AMOUNT IN MY OPINION ONLY.
3-21-2015 Intel Guru Jester [what is going on with the Kurds and Baghdad…have you heard anything new there?] I AM TOLD IT IS ALL WORKED OUT…WE WILL SEE…I AM TOLD THEY ARE PAID AND WAITING SAME AS US…OTHERS SAY THEY ARE TICKED…AND IF THAT IS TRUE THEN WHY NOT? THEY WILL LIKE TO BE PAID TODAY SAME AS YOU.
3-21-2015 Newshound/Intel Guru Bluedog Article quote: “The United Nations expressed, on Saturday, welcomed the announcement by the Iraqi government to send $ 420 million to the Kurdistan region, calling on both parties to proceed with the implementation of the oil agreement.” IMO…JUST STALLING WAITING FOR THE COMING RATE…COULD IT BE WAITING FOR THE LAST DAASH (ISIS) OR WHATEVER…ALL TERROR… KILLED…? NO…THERE WILL ALWAYS BE CONFLICT AND TERRORIST IN THE MIDDLE EAST…BUT AS SOON AS THE NEW RATE GOES FORTH…THINGS WILL CALM WAY DOWN AS IN KUWAIT AND DUBIA WHERE FOLKS SHARE IN THE COUNTRIES RICHES AND BETTER BUYING POWER.
3-20-2015 Intel/Newshound Guru Backdoc WE HAVE ALREADY SEEN IMPLEMENTATION OF THE HCL LAW AND NOW AWAIT THE FINAL IMPLEMENTATION OF A FEW PARAGRAPHS ON THE 28TH THAT THEY HAVE TWEEKED. WE KNOW THEY HAVE ALSO SAID THEY ARE IN AGREEMENT! THE ABADI EXPRESS IS COMING INTO THE STATION…
3-20-2015 KING of RUMORS Guru We understand where we are in the process. Everything that was on the television Wednesday was on the television today as well. The person who got their cards upgraded has family who are now at $3.91. They could possibly drag it out until next Monday or Tuesday, but I don’t think so. We were told that it was going live yesterday morning and it did go live but for only 3-4 hours. They ran some people through to make sure it working. Announcements went out in Iraq to prepare for celebrations in all government offices, although they didn’t say when. We aren’t at the edge, we are over the edge, we just don’t know when they will let us drop. I 100% do NOT see it happening today, although the weekend is something different.
3-20-2015 Newshound Guru Breitling …The note count IS the dinar. Where people get confused is when they say that Iraq has 95 trillion dinar…that’s its country’s value. That’s it’s total value. It’s the M0, M1, M2 and M3 reports and they break it up into the different parts…you have the commodities, the short term deposits, the long term deposits, you have the oil, you have the foreign currency reserve and then they add up how much it’s worth…they DON’T have 95 trillion dinar…what they are is WORTH 95 trillion dinar and the reserve is worth in U.S. dollars 80 Billion. But what represents all this wealth? What was the last report we got from the CBI? 4 Billion notes…I don’t know exactly how many dinar that represents but remember…the hight of the note count was 9 billion notes that represented 30 trillion dinar. And they said they were going to get it down 70%. So it’s a classic mistake…
3-20-2015 Newshound Guru Breitling Only this crowd makes this mistake…Iraq does not have 95 trillion dinar rolling around anywhere…that is what the country is WORTH. This is the exact same formula we use here in the United States, they use in Vietnam, in China…it doesn’t matter. We’ve had 4 reports come out of the CBI…9 billion notes, 6 billion notes, 4 billion notes and another saying their target is 1 billion notes…where is it at? I have absolutely no clue…nobody does. What do they say? they say they’re going to add value that they are going to reduce the note count…If they were just going to reduce the note count by introducing a new currency and they weren’t going to use the currency you and I have then there would be no reason to reduce the notes you and I have…they would simply retire them and introduce the new note. So those are the indicators that there is growth
3-20-2015 KING of RUMORS Guru Everything looks really good. The summary is simple…we don’t know the exact time; we are hanging off the edge but not falling. Everyone is waiting. Iraq is ready…they are still on the fourth stage of the economic reform. The majority of Qi cards have been adjusted from $3.58 to $3.91. They did have a celebration about beating Da’ash and how that group is eroding; they are expecting to have more parities this weekend, too. In the USA, the Fed, bankers, UST, etc., have all been on lockdown all week. The systems were live on Wednesday and Thursday for hours at a time. They were exchanging a few people, one at a time, to make sure the systems were working correctly. That has been going on for a week, and full on since Wednesday afternoon, in the US and throughout the world. The banks are geared up again for as early as this evening and this weekend. The US and the rest of the world is on super-duper high alert all week, and they anticipate this going down at any time. We are just waiting for Shabibi and Abadi to push the button.
3-20-2015 Intel/Newshound Guru Backdoc WHEN THINGS LOOK THE WORST, THEY ARE THE BEST! CLEARLY, THERE IS A FOCUS ON SECURITY AS WE SEE! JUST HOW FAR ALONG WE ARE WE MAY NOT EXACTLY KNOW! THE MORE WE SEE ON THE FACTS WITH THURSDAYS ISX SESSION I AM HIGHLY SUSPICIOUS WHEN I SEE A SESSION CLOSE DOWN FOR THE DAY AND LATER WE SEE A 1000% CHANGE ON THE INDEXES’ VALUE WITH TRADING CLOSED FOR THE DAY! TIME WILL WRITE THE HISTORY ON THIS ISSUE OF COURSE! ONE HAS TO WONDER IF THAT CHANGE IS SIMPLY A VALUE CHANGE IF ZEROS WERE REMOVED. THE NEW VALUE WOULD BE REFLECTED BY THIS INCREASE DIFFERENCE! WE SIMPLY NEED TO WAIT TILL THE MARKET RE-OPENS FOR THE ANSWER! WILL THE MARKET RE-OPEN ON SUNDAY? IF NOT AND WE HAVEN’T SEEN AN INTERNATIONAL RATE THE ODDS INCREASE MY THOUGHT COULD BE RIGHT! TIME WILL TELL.
3-20-2015 Newshound Guru Adam Montana [I still do not see how Iraq can ever RV at any rate that most of us would like to see due to approximately 30-40 trillion dollars in circulation. That is an almost astronomical number… I…wish they really were taking money out of circulation with these auctions but no one really seems to know the true story there.] The rate: I don’t know what rate you are referring to, but if it’s over 1:1 I simply don’t think that will happen regardless of how much is or isn’t in circulation. But to address the “amount in circulation” issue, that is controlled by the CBI and when they want to pull money out of circulation, they will. When they want to RV, they will.
3-20-2015 Newshound Guru American Contractor …they printed approximately one trillion of the 50 dinar banknotes. A small amount compared to the 68 trillion in circulation. The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars. The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency. Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion. This year, the Central Bank has two goals
3-20-2015 Newshsound Guru American Contractor This year, the Central Bank has two goals. Both were initially reported in the media in 2004. First one being, the deletion of the zeros and the second, restructuring the category of the banknotes. You will see the Central Bank remove banknotes from circulation with a window for execution. More than likely, they will once again, follow a 60 day window of exchange, just like they did for the fifty dinar banknotes. You will also see new categories being introduced like the 50k and the 100k banknotes. The Central Bank will definitely be restructuring their current banknote categories like the 250, 500, 1000, 10,000, 25,000.