9-18-2012: Iraqi Dinar Guru guesses!!
9-18-2012 Newshound Guru Mailman17 AS FAR AS THEM COMING OUT AT 10, 20 OR 30 CENTS, WE KNOW SHABS AND THE GOI DO NOT NEED MILLIONAIRES WALKING THE STREETS, ESPECIALLY 30 MILLION OF THEM. BUT I FEEL THEY COULD BE COMFORTABLE WITH PEOPLE HAVING ENOUGH TO AT LEAST START A BUSINESS OR HAVE A DECENT BANK ACCOUNT. THATS WHAT 10 CENTS OR A LITTLE BETTER WOULD ACCOMPLISH AND WITH THAT RATE MOST WOULD HAVE TO TURN IN THE 3 ZEROED NOTES, DEFINITELY THE 5, 10 AND 25 THOUSAND AS THEY PROVE USELESS.
9-18-2012 Newshound/Intel Guru BGG Article: “PUK [Patriotic Union of Kurdistan]: Talabani, Maliki meets tomorrow in Sulaymaniyah” I guess Maliki put off his trip to the UN meetings in NY. I can’t blame him. I would be a little worried if I were him too – him leaving and Talibani coming back. Whatever they do while he was out could not be good for him.
9-18-2012 Intel Guru Hammerman I can’t find from any of my contacts where this will be a free float. I heard this will be abstract, abnormal, not like any other revaluation you have ever seen. People will control it under their rules and guidelines. The rate I was told will be $3.00 to $5.00, it dropped a little, closer to $3.77 is what I was told. UST & IMF people are telling me $9.77, after the meeting in London. Federal judges have confirmed in the $9 range, I believe this is planted info, to throw us off. I have been told that the rate is showing live and tradable at $3.77 in some ME countries for 3 days, this is unconfirmed at this time. Most of the people that I have talked to with intel say we won’t get out of the month without an RV, 80% of these people say we won’t get to next Monday without an RV. Still hearing the VD will be $.23 to $.35. Everything is sounding very positive. [post 2 of 2]
9-18-2012 Intel Guru Hammerman Everything is looking really, really good in dinar land. The London meeting kicked off today and will get rolling on the 19th. There were major movements in banks around the world. Best I can see Talabani came back on Sunday morning and looks like the Defense Minister is picked…it’s rumor that all this took place. Saturday night they tried to push the RV through but some countries did not have enough gold, if this was to go to asset backed, I say if because this is still rumor about going to asset backed. I have 8 solid confirmations that they tried to push this through twice on Sunday. They had some serious technical issues in some countries, one was the USA. I think we really have a chance of an RV on the 19th or 20th if they can get some of these technical issues taken care of. Heard that was planned and plotted because they really don’t intend to do it until after the London meeting. I only repeat what I have been told. [post 1 of 2….stay tuned]
9-18-2012 Intel Guru BWM ppl [people] are looking at the next couple of days for things to happen…something to consider timing-wise…just something to think about…if Maliki is in New York, and Shabibi is in london and Talabini is back in Iraq…what combination of “those” need to be in iraq when this happens…I don’t believe that Iraq needs to “do” anything but I do feel like there will be a certain combination of leadership that wants to be there when it happens in their country…logically you’d think that at least Shabibi would want to be there when the CBI kicked over.
9-17-2012 Intel Guru TerryK i was assured that we would see the rv this week…wed looks solid and we are to cash in thursday according to source…treat as rumor.
9-17-2012 Newshound Guru Mailman17 I…SAW THE GCC SUGGESTS COMING OUT LOW AND GOING TO A FLOAT. THAT IS INTERESTING. WE KNOW SHABS INSPIRED A 1-1 BUT WE ALSO KNOW THE IRAQI PEOPLE CANNOT BE MADE MILLIONAIRES OVER NIGHT. IF THEY DO COME OUT THAT LOW, IMO, IT IS INTENDED TO DRAW THE LAST REMAINING DINAR OFF THE STREETS LITERALLY. THEN…LIKE THE GCC SUGGESTED GO TO A FLOAT AND LET THE MARKET DRIVE IT FROM THERE. NO ONE IS SURE THOUGH WHAT THEY WILL COME OUT AT. GOOD NEWS IS EVERYWHERE.
9-17-2012 Intel Guru Bluwolf THERE IS NO INFO COMING OUT OF ANY 3 LETTER AGENCY NOR OF ANY BANK SOURCE, ALL IS SILENT. THERE WILL NEVER BE A ANNOUNCEMENT OF ANY RV. IT WILL BE SILENT… AGREEMENTS AND I MEAN AGREEMENTS WILL ONLY COME OUT OF THE UN MEETINGS. THE IQD WILL NOT COME IN LOW, PERIOD. WHAT ARE WE WAITING ON? YES, A PHONE CALL AND THAT MY FRIENDS IS WHERE WE ARE AT.
9-17-2012 Newshound Guru Med [Source confirms that the state law seeks to nominate a replacement for the current Prime Minister Nuri al-Maliki Among the candidates (Ali al-Adeeb and Hussain al-Shahristani).] THEY WANT TO REPLACE HIM…OUTSTANDING POST BESIDES THE RV…IT IS EXCELLENT.
9-17-2012 Newshound Guru Med THE DINAR IS NOT GOING TO COME OUT OF THE GATE AT 1 TO 1. I AM BETTING BETWEEN 10 CENTS AND ABOUT 28 CENTS TO START. MOST WILL BE VERY SHOCKED…BECAUSE MANY WILL HAVE TO HOLD ONTO THEIR DINAR FOR AN EXTENDED PERIOD TO GET THE VALUE OUT OF IT…IT [ARTICLE] EXPLAINS THAT THEY EXPECT TO TAKE TWO YEARS TO REACH.
9-17-2012 Newshound Guru Enorrste while the CBI may have changed plans to go from a direct RV to a “free float”, it clearly has NOT changed plans to get the value of the dinar up to at least $1. This is extremely powerful, IMO, because as KAP [Kaperoni] noted…a free floating dinar is inconsistent with a LOP! Saleh’s statement is consistent with our latest theory regarding a “free float” of the currency. If, as we expect, the currency is allowed to float in the very near future it could easily reach $3.50 by the end of 2014. In fact, we expect it to reach $1 by the end of this year, 2012.
9-17-2012 Newshound Guru SWFloridaGuy To sum up, Talabani is back, Defense Minister is being nominated, they are going to try to resolve HCL dispute tomorrow and there is hope that now we may finally see a National Conference and a real breakthrough in the political crisis. Today’s been a very positive news day. Let’s hope that they do more than talk and we have some actual progress. The talk right now at least has me very encouraged.
9-17-2012 Newshound Guru Kaperoni First, it is important that we hold off on this new direction (free float vs. RV) until we get actual validation from the CBI. Until then, it is just a theory and my hopes are still for a straight out RV. I also want to caution everyone to not get overly excited about a “free float” of the dinar. Though we have two articles mentioning this idea, it has not come from the CBI as of yet. However, it may very well come out at the Iraqi Banking Conference Sept 18-19th, 2012. We have people at that conference listening and, hopefully, we can share their thoughts and information with you shortly. Now as for the “free float,” if true, it will absolutely end any discussion on the LOP. You cannot free float starting at 1166 and LOP the currency. End of story.
9-17-2012 Newshound Guru Administrator Bob This past weekend…an article came forward from the Arab Monetary Fund which discussed a possible “free float” of the New Iraqi Dinar. As it is Monday afternoon in the US, it is Tuesday in Europe, which means Iraqi Finance 2012 is about to begin. The next few days should be very interesting indeed.
9-17-2012 Newshound Guru Doc We do continue to see evidence of the key issues being addressed. We saw where the finance committee has received a draft 2013 budget and went as far to say that currency reform would not be an economic burden. Again we know this to be positive since Shabibi has stressed he wanted to go into 2013 budget year with the dinar as the currency of choice. And lastly the agenda for the economic summit in London includes the topic of international investment and currency reform. While these all are extremely positive we simply need the talk and planning to end and for Iraq to put into action these plans. Only then can we expect Shabibi to pull the trigger. We report, you decide. [post 2 of 2]
9-17-2012 Newshound Guru Doc We continued to be amazed at statements like “there is no way we will get out of September without this being done.” Those who make this type of statement are ignoring Iraq’s past performance. With this we are not suggesting it will or will not happen in September or any other month. What we know from the past is that there are certain circumstances that will preclude the RV and to date these have not been put into place. We also know from past history Iraq is notorious for not meeting deadlines. This is amplified once again by the fact the new currency is not in circulation and was reported to be so by September 1. We continue with our presumption that until we see concrete evidence that issues like a fully seated GOI, Ebril and the likes have in fact been implemented then the RV is still pending in the future.