9-10/11-2012: Iraqi Dinar Guru guesses!!!
9-11-2012 Intel Guru BOBGETZ6 There has been so much done. We are way past where we were last year. If there were not so much greed, dishonesty and political posturing, we would already be where we want to be and that is out of the IQD. [do you believe that if it doesn’t happen in September, it won’t happen until after the election?] I really have no idea, nobody does. If I were to guess, I would say much sooner than later as the world’s economy needs it now.
9-11-2012 Newshound/Intel Guru BGG It still has to do with Iraq. We won’t see anything until these political issues are all solved. The financial sector is not going to dictate when this RV, currency adjustment, is going to happen, this is all subjective to the politics going on there. We need to see the Defense and Interior Ministers, the Federal Courts Law, which may be just a few days away and the article 140 in the HCL and they are saying that would be sometime this week, using the 2007 draft as a basis for it, this is huge, basically acting like they are going to do it overnight, after not being able to agree on it for years. They are fairly close to getting things done. A lot of good news. I said that when it gets to the end it would be just magnificent and it really feels like that right now. It could be in the twinkling of an eye that this happens and could be done and over with. [post 2 of 2]
9-11-2012 Newshound Guru SWFloridaGuy London Conference: “The Iraq Government to open doors to foreign investors at London event. A major investment conference for Iraq will get underway in London next week from the 17-18 September.” They are going to address economic policy and removing the zeros. None of this points to a RV specifically but I would assume if Iraq is going to be moving forward with any significant economic reforms it would certainly be a topic of interest and addressed at this conference.
9-11-2012 Newshound Guru Med WHAT IS CBI DOING TO REBUTTLE ALL THE NEGATIVES AGAINST THEM BY THE NA? WHAT ARE THEY DOING IN THE MEDIA. NOTHING! THEY HAVE NOT RESPONDED AT ALL. THIS IS A SITUATION OF I AM NOT EVEN GOING TO WASTE MY BREATH DEFENDING SUCH REDICULOUS CHARGES. CBI WAS ACCUSED THAT THEY HAVE WAITED TOO LONG TO RV. IF THEY ARE GOING TO, HOW COME NO ONE KNOWS THE DATE? WELL HELLO, CUZ THE IMF DOESNT WANT IT OUT. IT COULD CAUSE THE ENTIRE ECONOMY TO PLUMMET. I AM GUESTIMATING …BETWEEN SEPTEMBER 21ST AND THE 30TH…THAT IS OUR WINDOW.
9-11-2012 Intel Guru Bluwolf I HOPE THAT EVERYONE UNDERSTANDS THAT THERE IS A LOT OF THINGS OCCURING IN AND AROUND THIS RV OF NATIONS AS WE SPEAK…THE GOOD GUYS AGAINST THE BAD GUYS AND THE GOOD ONES ARE WINNING. IT SHOULD ALL BE COVERED SOON. SILENCE SEEMS TO BE THE RULE OF THE DAY NOW…ALL INFO IS AIR TIGHT…ONCE I DO GET ANYTHING THAT CAN BE SHARED I WILL DO SO.
9-11-2012 Newshound/Intel Guru BGG Several rumors over the last few days, live folks, several major contacts, folks in the M.E., in neighboring countries to Iraq are saying they will be able to exchange IQD in a couple of weeks. Also, there are some meetings coming up real soon that should involve Talabani, saying he should be back Wednesday /Thursday of this coming week. There are rumors of Maliki being removed very soon. And also heard that September is the month.
9-10-2012 Intel Guru BWM I keep trying to justify things comparing to other RV’s while at the same time knowing that this is completely different than any other event…I have always had “ranges, windows, concepts and scenarios” in my mind as to when I thought this could/might go down… as of this exact moment in time… I don’t have one of those to look toward… I’m still hearing “anytime” and I can see it after Tuesday and I know so much has been done for this to show but I feel many are looking at incorrect indicators as to why and when this must go down. Is there a requirement of a “meeting” or “conference” to make anything “law”. Is that in their constitution anywhere? It is required to be read aloud in parliament three times and published in the gazette…altho there are stipulations within those that can bypass the gazette…we are talking NECESSARY vs. Desire.
9-10-2012 Intel Guru DinarWishes NOBODY knows when the RV will take place…Not ME, Not anyone…knows the true timing of the event…Im not here to tell you when, Im just here to let you know it will.
9-10-2012 Newshound/Intel Guru BGG Article: “Kurdistan Parliament is the purpose of today’s bombings thwart National Congress” WOW, WOW, WOW…is all I can say. This is the big news of the day. The mainstream Arabic media recognizing these recent bombings and attacks were incited by those intent on disrupting the National Conference (ie – National meeting) – in other words, Maliki’s gang is behind the bombings. This is what happens when you hire the Fox to guard the Hen House.
9-10-2012 Newshound Guru Mailman17 THERES A PUSH FROM THE WORLD BANK, THERES ALSO NOW THE CBI PLAYING DUMB. SHABS HAS HAD ENOUGH, NO MORE SPEECHES AND I DOUBT WE EVEN HERE ANY RHETORIC FROM SLAEH. NOW GETTING TO THE 18 MEETING [FINANCE, LONDON], YES, THEY HAVE HAD THESE IN THE PAST BUT AND A KEY BUT, NEVER HAVE THEY FOLLOWED UP WITH ANOTHER IN GERMANY 3 DAYS LATER. YES, THE TIME IS NOW. IMO…TRULY DONT SEE IT GETTING OUT OF SEPT.
9-10-2012 Intel Guru Tony I know what the target dates were. The first target date was Sept. 1. The secondary date we’re coming up on. That’s why our group went there from Washington, why votes are being taken in parliament today & yesterday, they’re trying to meet the secondary date. I’m hearing power sharing deal will be done. Kurds gave extension to the 15th…some votes taken, formal one tomorrow, announcement on Wednesday. This month is all I can tell you, I hope it’s on or before the 18th but everything I’m hearing says this month.
9-10-2012 Newshound Guru Enorrste You make a conclusion that because China, US, England, and France hold a lot of dinars as governments, “then they clearly have a say in the timing and the rate.” I do not believe that this conclusion is justifiable. China holds over $1 trillion of our money but can’t force us to raise or lower our rate on any timetable that they set. Similarly, even though we are one of China’s largest traders, involving hundreds of billions of dollars per year, we have not been successful in getting them to raise their rates, in spite of several attempts to do so. Therefore I do not believe that it follows that just because a group holds a lot of dinars that they are in a position to tell Iraq what to do or when to do it. [post 3 or 3]
8-10-2012 Intel Guru Gary We are seeing alot of action, activity but it’s not bringing this thing to closure. I can justify some of the delays, international setting & dynamics involving nations, got a healthy education about global funds, why are they being held off? Is there something bigger going on that we’re not aware of? We are seeing positive movement. I am hearing that we need to see this this week.
8-10-2012 Intel Guru Checkmate There is controversy on the timeline. Bottom line is we are still here. This has been a plan to fix the monetary system long time ago. Iraq was not the first focus. It doesn’t make sense to delay this any further.
9-10-2012 Newshound Guru Enorrste At one time we heard that up to 130 countries would revalue their currencies at the same time. For a short period I bought into this, until I thought it through. The simple fact is that many world currencies are already in a free floating mode. If they are already at equilibrium among themselves, how would a “world reset of currencies” improve things? The answer is that it would not improve things. Having said that, however, there are other currencies, such as the dinar, that are not free floating. Therefore it would not surprise me to see several currencies revalue at the same time. IMO, the Iraqi dinar will be held as a world reserve currency after the RV…it was expressed directly by Saleh himself…to make the dinar one of the strongest currencies in the world. They clearly have the resources, both in terms of reserves and in terms of underlying wealth, to achieve that goal, IMO. [post 2 of 3…stay tuned]
9-10-2012 Intel Guru American Contractor It is totally up to the Iraq government whether they will revalue their currency or Lop the currency. They do not have to revalue the Iraq dinar to pay for contracts as they pay their contracts in U.S. dollars. Being a cash driven country most transactions are done in U.S. dollars. The Iraq dinar is already a tradable currency within Iraq. You can exchange dinar at any Iraq bank for the major currencies of the world ie. usd, Australian, Euro etc. Providing that the Iraqi has coordinated the transactions with the CBI. However, most Iraqi’s and everyone in Iraq just exchange for U.S. dollars. Iraq does not have a “worthless” currency it is legal tender in Iraq only.
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.