Iraqi Dinar Guru opinions 9-2-15
Iraqi Dinar Guru opinions 9-2-15
9-2-2015 Newshound Guru Memphis “A delegation [of] senior government officials and experts [is] scheduled to travel to the United States and Britain next week to discuss the issue of Iraq sovereign bonds. The delegation will include [the] Governor of the Central Bank, [various] government officials [most notably the] ministers of the [departments of] oil and finance and consultants and experts in economic and financial affairs. …discuss the process of issuing sovereign government bonds in the global financial market.” A few things we can conclude from this with confidence: 1) They will be traveling to the two key money centers of the world. 2) The names listed for this trip are at the top of the food chain for Iraqi finance.
9-2-2015 Newsound/Intel Guru BGG Article quote: “Dozens of people demonstrated on Monday in front of the Supreme Judicial Council building in Baghdad to demand the resignation of President of the Council Medhat al-Mahmoud…” …once Medhat al-Mahmoud is gone – Maliki has ZERO fall back position. …these protests asking for Medhat’s removal are a big deal…
9-2-2015 Newshound Guru firefly IMO IT’S TIME! And STOP looking for dates and windows…Like I’ve been saying, they have ONE shot to get it right, it’s all about timing!
9-2-2015 Newshound Guru Chattels Article quote: “change the Chief Justice Medhat al-Mahmoud is through legislation of the Federal Court Act…” It appears from the foregoing that even if the Federal Court Act is passed that Medhat would have six more months to serve UNLESS he resigns of course.
9-2-2015 Intel/Newshound Guru tman23 Kurdistan declares equipping citizens with electricity around the clock… “The statement added that the meeting decided to increase the electricity rate that prepare citizens in the region to twice during September, adding that as of the first day of September to 15, electricity will be 21 to 22 hours a day, and from 15 of September will be 24 hours” AMAZING, JUST ABSOLUTELY AMAZING! Protests and uprisings against the government and in less than 30 days…24 hr a day electricity will be turned on. So what was the problem before this…Not enough fuel to run generators? Not enough money to buy fuel? Amazing…
9-1-2015 Newshound Guru Kaperoni Raising the value gradually does chop the zeros off the exchange rate…just not overnight. There is no chance of the dinar ever appreciating to a 1 to $1 rate overnight (RV)…it’s not mathematically possible with around 32 trillion dinar or more in circulation. Not to mention, the CBI has never mentioned one time about introducing an entire set of new bills (ie fils, 1, 5, 10, 20, 50, 100) at one time. In fact, all we have ever seen is the mention of a few notes and several years to complete. And most recently, it was stated that the 50, 100, and 200 would come out around the first of 2017.
9-1-2015 Newshound Guru Kaperoni So, IMO this is going to be gradual just as the IMF stated. It also confirms there is no LOP (which would be an entire replacement at the same time over a short period of time). You also would not need to reduce the note count first if your going to LOP, you simply introduce the new denominations. So, if they reduce the physical note count from 4 billion to around a 1.5 billion, they can substantial consolidate the physical Iraqi dinar. Though it does not reduce the money supply, it may make it much easier for them to transition to smaller denominations once the float begins (ie 50, 100, 200 early 2017). I guess we wait and see.
9-1-2015 Newshound Guru Millionday …THE CURRENCY NOT BEING WORTH THE PAPER IT IS PRINTED ON…THAT IS NO JOKE — THEY HAVE TO EXPAND TO THE CONSTITUTIONALLY PROMISED MARKET ECONOMY AND LOGIC AND WORLD ECONOMICS TELLS US THAT REQUIRES A GLOBAL PRICING INDEX CALCULATION — I SEE NO WAY AROUND IT…
9-1-2015 Intel/Newshound Guru Backdoc WE’VE BEEN WATCHING WITH GREAT EXCITEMENT AS THE SECOND REFORM PACKAGE PASSED. WITH THE KEY REMAINING LAWS SLATED TO BE PICKED OFF LIKE A SNIPER ONE BY ONE, THE MOMENTUM IS BEGINNING TO BUILD. OF COURSE THE KEY LAW TO RECONCILIATION IS THE NATIONAL GUARD LAW… WITH ALL 3 TRIBES ESSENTIALLY BEING ABLE TO PROTECT THEIR OWN TURF, REAL PROGRESS WILL GO UNABATED. THE REAL ISSUE IN IRAQ IS MOSTLY TIMING AS THEY BEGIN TO SPREAD THE REMAINING PROCESS OUT!
9-1-2015 Newshound/Intel Guru BGG “Iraqi Prime Minister Haidar Al-Abbadi, a heavy legacy of corruption and corrupt people piled up during the reign of his predecessor, Nouri al-Maliki, making way for reforms is filled with obstacles and mines.” “Al-Ibadi form special committees to open files of the Central Bank, Sinan Al-Shabibi sacked former County, and marred by charges of him by mafia corruption that dominated in that period.” WOW – that’s some good stuff there!! That seems – while mentioning the CBI – that it is more about a “broad based” corruption probe. Nice that it points out “looking into the Shabibi accusations”… GREAT!! the reason being – it is the very CORE of why we are still here. fix that – this thing is over. [How long after M is gone will it be before an RV will take place?] Iraq needs value BAD!! it can be quick.