Iraqi Dinar Guru opinions 2-24-16

Iraqi Dinar Guru opinions 2-24-16

2-24-2016 Intel/Newshound Guru Backdoc […what is your take on the deal the cbi has with the imf on the things that need to be done by the end of february…do you think we will see an RI at the end of february and an RV by the middle of the year…?] BASED ON THE ARTICLES I’VE STUDIED AND THE IMPLEMENTATION THAT HAS BEEN REPORTED WITH IRAN, I BELIEVE THEY ALREADY HAVE THE RATE! THE ONLY MYSTERY IS WHEN THEY WANT TO SHOW IT! THERE IS A PLAN I ASSURE YOU! …THEY DIDN’T PASS THE AMNESTY LAW! WHY? BECAUSE ITS NOT THEIR TIME YET! ITS NOT ABOUT THEM YET! VERY SOON IT WILL BE AND THEY WILL SHOW OFF MR. LONELY TO THE WORLD!…

2-24-2016 Intel/Newshound Guru tman23 The important thing to keep in mind is the GOI is bankrupt and cannot pay it’s bills… The term being used is “liquidity issue” and “financial crisis”…But by all definitions, when you cannot pay your creditors, make your payroll, and your income is way less then your expenses, YOUR BANKRUPT… Now you have assets but in the real world you enter Bankruptcy Chapters for protection… The CBI has 59 billion in reserves and the plan was described to cover the GOI expenses for 6 months with loans through purchasing government bonds… The GOOD in all this is the pressure is also on the CBI… Central Banks do not relish the thought of their reserves being depleted…And even though the GOI has a plan to open the market economy, this is no where near a quick fix that in 6 months it is flourishing…the infrastructure isn’t there! Abadi is on the right path and has the support of the higher heads that matter… And that may just be enough for the CBI and IMF…

2-24-2016 Intel Guru Bruce …this thing so close in terms of intel, been asked to lay low. We are hearing very good things this morning about the initiation of what we are looking for to have begun. WE are looking for the evidence of that any time…Everything is in process. I believe it has begun, just waiting for our turn…

2-24-2016 Newshound Guru Adam Montana Last week I spoke a little about the price of oil and how it’s likely affecting Iraq’s ultimate goal of raising the rate of the dinar. Look… this is real simple. It certainly doesn’t take a rocket surgeon or a brain scientist to see that oil is silly low right now. After you take into account for inflation, it’s even more obvious that this low rate cannot last. Now, if a bunch of numbskulls like us can easily see that oil should probably be closer to $80… don’t you think Iraq can, too? I certainly do. As I type this, oil hasn’t moved and we still haven’t seen any significant news on the HCL. The GOOD news is that it also doesn’t take a genius to grasp that oil is probably about as low as it can possibly go, which means there’s only one way for it to go from here. UP. And the GREAT news is that in spite of these ridiculously low oil prices, the CBI has maintained a very strong grip on the exchange rate, proving that they are, as always, very capable of manipulating their market how they wish. …at this time I think our motto is: “Watch the oil”.

2-24-2016 Newshound Guru rcookie THERE WILL NEVER …EVER…EVER… EVER…EVER…EVER…EVER… BE A DATE TELEGRAPHING AN IQD VALUATION RATE CHANGE…NOT EVER…ONCE YOU EMBRACE THAT CONCEPT…THE REST IS CAKE…

2-23-2016 Intel Guru Frank26 They are having private meetings for the purpose of selecting the directors of the CBI…the voting they did was to approve these directors to remove the issues that the CBI has been having…especially with their currency…I would like to say with the exchange rate…but I don’t want to reach that far and make you think…oh they were talking about the exchange rate…we don’t know for sure…because we can’t prove it…so I’m not going to mislead you…but I will tell you what they did talk about…and we do feel that the exchange rate was part of the topics…it is my opinion that the Board of Directors is making decisions on their currency…on the exchange rate…the Board of Directors now have the final say on these numbers.

2-23-2016 Intel Guru Frank26 We believe that whatever celebration took place was not so much about…oh look we have a new exchange rate…oh look we have LD’s…no I think the celebration was about the idea that the CBI is about to kick itself off into the international world…yes which will require all these other things we were looking for…but the celebration was very specific on their behalf…We have LAUNCHED the mechanisms and plans for what we are going do at the CBI from 2016 to 2020…do you think that one of them is to raise their value… well YEAH…they made that very clear…crystal clear… The IMF said… remember…by the end of February…by the end of this month…that they were to remove the distortion of their currency…they were to remove the fake numbers…why…for the investors who are to soon come in to our country…when we go into Article 8 the international world is going to flood us…and explode us…and make us one of the most powerful nations on this planet. So if the IMF said this…and you see the evidence that they are doing it…IMO…it is coming about…

2-23-2016 Newshound Guru OOTW WOW – SO MUCH GOING ON TODAY – ESPECIALLY RE CORRUPTION – THIS IS GREAT TO SEE. I HOPE THAT THE ARTICLE…YESTERDAY IS A TRUE INDICATION THAT WE MAY SEE A CHANGE IN THE GOV OF THE CBI…THIS MIGHT WELL FALL IN LINE WITH SWEEPING GOVT REFORMS. THERE HAS BEEN CONCERN THAT ABADI WAS GOING TO REPLACE EXISTING MINISTERS WITH MEMBERS OF THEIR RESPECTIVE BLOCS. THE PAST FEW DAYS ARTICLES HAVE ADDRESSED THAT HE WILL REPLACE THESE MINISTERS WITH TECHNOCRATS AND NOT NECESSARILY WITH MP’S FROM THE SAME BLOCS.

2-23-2016 Newshound Guru Kaperoni Article quote: “Iraq News Network called for the National Alliance deputy Prime Minister Haider al-Abadi to an independent person to the post of governor of the central bank” History has shown any change in CBI governor has slowed monetary policy. In fact, it has been proven with the change from Shabibi to Turki, the Allaq, that a change creates a period of “acclimation” for the new governor. If they are really about ready to open the banking system, and move to Article VIII and float the dinar, now is not the time to remove Allaq. …managing the auctions, improving the banking system, etc. falls under Allaq and so far it seems he is following what is expected of him. Certainly the IMF is watching as they even call it a “monitoring program.” If it was up to me, I would continue on the same path at least until August so we can see if they can accomplish what was stated.

2-23-2016 Newshound Guru rcookie Article: “The banking and financial system in Iraq flabby and all those who support it corrupt and non-specialists,” adding that “need to be a radical change and put people replacements for existing.” THERE IS ABSOLUTELY NO ACCEPTABLE ANSWER TO THE MASS CATASTROPHIC FAILURE OF THE AUCTIONS AND OVERSIGHT OF BANKS INVOLVED…AND THE STABILITY OF THE DINAR VALUE IN THE MARKETPLACE… THE MEASURE OF HOLDING ACCOUNTABLE WE HAVE ALL BEEN LOOKING FOR IS PLAYING OUT…4000 NEW CORRUPTION CASES IN FRONT OF INTERIOR…130 CASES IN FRONT OF INTEGRITY FROM 1 MINISTRY ALONE…AND WITH THE PENDING COMPLETION OF THE 2 BIG STATE OWNED BANKS RESTRUCTURE…THEY ARE NOT GOING TO ALLOW THE SAME PLAYERS TO BE RECONNECTED FOR A “MORE OF THE SAME”.

2-23-2016 Newshound Guru rcookie WITH THE LEVEL OF CORRUPTION OPERATING AT SUCH A PROFOUND LEVEL…THEY COULD NOT JUST GO IN AND EXECUTE A MASS ARREST JUST FOR THE SAKE OF IT…LAWS NEEDED TO BE AMENDED FROM LEGISLATORS AS GUILTY AS SIN…JUDICIARY SYSTEM HAD TO BE RESTRUCTURED TO SUPPORT THE AMENDED LAWS…AND WE ARE NOW SEEING THE RESULTS OF THIS ONGOING ACTION PLAN…POWERS TAKEN AWAY FROM INFLUENTIAL DISRUPTORS AND OBSTRUCTIONISTS…LAWS AMENDED…COURTS EMPOWERED… MECHANISMS IN PLACE TO PURSUE AND RECOVER STATE ASSETS…WHEN HAS ANYTHING IN IRAQ EVEN CLOSELY RESEMBLED WHAT IS GOING ON…ITS EASY…IT HASNT…EVER…EVER…EVER.

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