9-9/10-2012: Iraqi Dinar Guru guesses!!!
9-10-2012 Newshound Guru Breitling I’ve been talking about the conflict between the CBI, Maliki’s guys and the Finance Committee. These guys can find anything that will hold it up, try to get more control. But, Shabibi has all of the cards, it’s just a question of time.
9-10-2012 Newshound/Intel Guru BGG Article: “Criminal Court issued a death sentence against Hashemi and his chief” The bad news is – if anything will derail this thing at the last minute, it’s this Al-Hashemi conviction and sentencing. Maliki knows this, and he’s working his “poker buddies” over on the Federal Courts Bench. They might keep Al-Hashemi safe and while they give Maliki a little of his own medicine?? It is my personal opinion – Maliki just convicted himself. Of note – this will be a very big story for a while (It was on Fox News last nite!!). Also of note – Interpol won’t touch this stupid warrant due to it’s highly suspicious political “stench”…
9-10-2012 Newshound Guru Enorrste First, the staging rate is not a precursor to the RV. It IS the RV, after which the rate will rise on either a managed float or a free float until it reaches equilibrium. The CBI is on record that it will come out at “around a dollar.” But it is also on record that it wants the value of the dinar to be at least what it was prior to Saddam’ s regime, or $3.50. I have consistently held the view that Iraq is a sovereign country and that they alone are in control of the timing and the rate of the RV. I have never found any credible evidence to the contrary. I will say that Shabibi is in regular contact with the IMF, having worked for them 20 years ago, and he keeps them informed of his plans. I do not believe, though, that the IMF dictates to Shabibi in any way in terms of timing or the rate. [post 1 of 3…stay tuned]
9-10-2012 Newshound/Intel Guru BGG I find it most encouraging that our US delegation went from here to Iraq, then directly on to Germany to meet with Talibani. They are most interested in getting this moved on down the road.
9-10-2012 Newshound Guru Vic1 All tha Think Al-Heshemi will be brought to the gallows…FORGET ABOUT IT!!! He has Clout and is V/P of IRAQ!!! MUCH HIGHER Stand than MALIKI!! Also, He Will and can be PARDONED! IF NEED BE. The IMUNITY LAW is AVAIL, However, since Maliki is not seated his GOI Properly, HE is More in TROUBLE…remember he said on TV that he had files for 3 years! SHAME, SHAME…Guilty by association?
9-9-2012 Intel/Newshound Guru Poppy3 THEY CAN’T EMERGE FROM CHAPTER 7 UNLESS WE HAVE A RV…THEY MUST HAVE A INTERNATIONAL RECOGNIZED CURRENCY AND BECOME FULL MEMBER OF THE WTO.
9-9-2012 Newshound/Intel Guru BGG We are in grand shape right now. This thing is going good for us. Maliki may not be able to resist the urge to engage in world class “jack***ry” – in which case…he’ll be gone soon. This is not an uncommon sentiment among the “informed.”
9-9-2012 Intel/Newshound Guru Poppy3 ALL DIALOG YESTERDAY AND TODAY ABOUT MEETINGS AND RESULTS OF MEETING ALL SHOW JUST HOW MUCH WORK STILL HAS TO BE DONE TO PREPARE EACH ISSUE FOR COMPLETION UPON TALIBANI’S UPCOMING RETURN. I TRUELY THINK FINALIZING THINGS WHEN HE RETURNS WILL BE VERY FAST AND EVEN THOUGH THERE SOUND LIKE A LOT TO GET SETTLED MOST ARE MINOR COMPARED TO JUST A FEW WEEKS AGO.
9-9-2012 Newshound Guru SWFloridaGuy I believe a RV is coming but not due to numbers referenced in their budget. Iraq does not need to RV to open the budget.
9-9-2012 Newshound/Intel Guru BGG The pressure is getting turned back on Maliki. He has had since before Ramadan and up until now to get things done – and hasn’t (thus far). The people aren’t fooled and are getting pretty “amped up” over the whole “crisis mess”, which is just a pretty way to say Maliki still isn’t doing what he said he would.
9-9-2012 Intel Guru BWM the best thing I can say about ALL this is this…WE KNOW IT’S GOING TO HAPPEN FOR SURE…AND, I CAN’T RULE OUT THIS OCCURRING ANYTIME NOW…SO I CAN SAY THERE IS NOTHING TO BE DOWN ABOUT… JUST MORE TESTING OF OUR PATIENCE.
9-8-2012 Newshound Guru Kaperoni My facts come from CBI symposiums held in Iraq, as well as the SIGIR report issued just this last April where they stated the dinar was about to rise in value to just less than the USD. They did not say lop. The word redenomination is mis construed as a bad thing when in fact, that is what they are doing. By shear definition of changing from a larger currency to a smaller currency, that is a redenomination. That is not the issue. The issue is what is Iraq going to do with the old 3 zero notes? In this case, we believe they will honor at face value.
9-8-2012 Newshound Guru SWFloridaGuy What determines the value of a country’s currency? Supply and demand determines the value. The value of a currency doesn’t determine whether that country is rich or poor. That is determined by the national income, price index and GDP. Confidence that an economy is strong and the faith that strength will continue also factors in. A government’s credibility plays a part as well and and their purchasing power demonstrates how it is comparative to others. The main thing we can learn from GDP numbers (if they are accurate), is the size of the economy and how an economy is performing.
9-8-2012 Intel Guru Dr. Todd The banks and certain groups related to banks are in Levels 1 and 2…Level 3 and the individuals that are involved there, I think theirs will be closer to 5, but something over 3.5. That’s probably. I think there is a high probability that it will be announced before the end of this month. I can’t see how it can hold past the middle of October at the latest.
9-8-2012 Intel Guru Bluwolf WE ARE THERE FOLKS…THE WHEN I DO NOT KNOW…IT IS THE WHY THAT I DO KNOW AND THAT WHY HAS BEEN ACCOMPLISHED.
9-8-2012 Newshound/Intel Guru BGG Maliki up to now has not compromised with anyone. Exxon & Shell has threatened to leave because they have not been paid. Talabani has everything he needs to remove Maliki. Talabani wants a National Conference for his country. He has put his retirement off for a year to get to this point and it has affected his health. His health is possibly in worse shape than they have lead on to be. They are talking about him returning about mid September. The number one thing that needs to be done for the currency to be revalued is the naming of the Ministers. They have got to get the power divided. Also needed is the HCL and Article 140. The Federal Courts Law and the Amnesty Law are also important laws that have to be passed. The strongest possibility of what could happen is Talabani comes back, if his health is good, they hold a couple of meetings and this could be over rather quickly. If he is unable to continue, Najafi will take over and this will go very well for us. I am very hopeful with what I’ve heard and seen that something is going to happen very soon.