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Monday, October 8, 2012

DINAR GURUS UPDATE, 8 OCTOBER


10-8-2012  Intel Guru Okie_Oil_Man   GOOD DAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL-ANOTHER MONDAY IS PRESENT AND WE STILL SIT HERE WITH ANTICIPATION OF WHAT IS INEVITABLE. THE TIMING OF OUR BLESSING REMAIN'S A MYSTERY BUT 1 THING WE HAVE LEARNED IS THAT ALL THE RUMOR'S AND SPECULATION PUT FORTH...ALTHOUGH GIVEN IN HONEST APRAISAL HAS BEEN TO NO AVAIL. THIS LEAD'S US TO FINALLY BELIEVE THAT WHAT THE SO-CALLED HIGH SOURCES ARE SUPPOSED TO BE SAYING--HAS AND IS INCORRECT. [post 1 of 3....stay tuned]

10-8-2012  Newshound/Intel Guru BGG    I think the National Meeting will go off.  I think Barzani and Allawi are making overtures that they will attend.  It all looks very good to me.  The CBI has said we have done 80% - 90% of the work that needs to be done.  They have taken a lot of the currency out of circulation.  They need to do something very soon. The CBI is saying we are ready to go once the politics is settled.  Ultimately, we are very, very close.  The National Meeting is very close to being done, probably a week to 10 days away at the most.  Time is on our side, we are in really good shape.  [post 2 of 2]

10-8-2012  Newshound/Intel Guru BGG  There is a ton of excellent news.  All that's going on, has to go on.  Maliki is kind of stirring the pot.  Recently there has been a barrage of attacks against the CBI from the GOI, Maliki's thugs and the Council of Ministers.  They want control of the CBI so they can raise the rate of exchange. Do I think they will ever take the CBI over?  No, not any where close. Maliki is against everyone because he wants to stay in power.  He is making noise like he is trouble...supposedly going to Russia to make some kind of arms deal with Russia.  Maliki wants the infrastructure law passed because he will get around the whole Chapter 7 sanctions and will be able to buy weapons & whatever else he wants.  The U. N. still has significant sanctions against Iraq but as far as this investment goes, it's going to go easy or it's going to go real easy.  [post 1 of 2....stay tuned]

10-8-2012  Intel Guru Jonnywg    As for the RV,  this appears to be an exciting time as the election draws near I feel good at our chances this next period before the election...the information hotlines are heating up and i expect releases of info over the next few days.  i will come back when it is received.

10-8-2012  Newshound Guru Kaperoni   There is a very good chance that Iraq will not introduce the "new currency" till end of 2013 or sometime in 2014.  But that has nothing to do with us as they must raise the value first.  And it makes no difference in the budget until the value is greater than the USD.  Once the value is greater than the USD, that is when they will make it "official" and start a new year with it on a legal level.  Example, the dinar could be worth .10, .50, or even .86 all through 2013.  Then in Jan 2014, they could declare "we have deleted the zeros" and all transactions and accounting records are adjusted accordingly as Saleh states.  Another example could be a RV at a staging rate of 1 to $1 leaving it in place for 6-12 months as they transition from the current currency to the new currency....and then in Jan 2014 declare..."we have deleted the zeros".   So you can see, the "actual declaring" is simply a date in which zeros are removed and goes into effect in country and more than likely would be at the beginning of a year but has nothing to do with us as most of us will cash out at some rate we are comfortable with.

10-8-2012  Intel Guru Blaino  Shabibi is the best central bank person in the last 100 years, we just don't like his timeline. We wonder what are they doing and what are they waiting for. Lots of moving parts and if they are not lined up properly, it comes to a stop. The confluence, the convergence is coming about.. Lots of pressure. Lots of events they are trying to get done.

10-8-2012  Newshound/Intel Guru BGG   Article:  "Kurdistan: the absence of Barzani National Congress for a bad omen for the next stage"   it’s not an absolute Barzani isn’t going to show. In fact, he has assured he would attend the National Meeting if the Erbil is honored and fully implemented. This seems to be the “line in the sand”. Maliki has said a number of times (publicly) he would fully implement the Erbil agreement. 

10-8-2012  Newshound Guru Kaperoni   Article:  "Central Bank decides to change the timing of the implementation of the restructuring of the Iraqi currency project and the deletion of zeros"  This IMO is a very telling article.  If they plan to have the currency (smaller denoms) in circulation at the beginning of the year, then the rate must change prior to that date.  Here is the quote... "the new currency in circulation must be the beginning of the calendar year where it has been determined to begin implementation".  So now we wonder will this be the beginning of 2013?  If so, we can expect the rate to change at any time.  If not, then they will shoot for 2014 with the new currency, and the rate can raise via float over the next 14 months.   I do not see them waiting to 2014because that decision will slow down the ISX, WTO accession, and economic progress/employment, etc.  This is a very encouraging and promising article.

10-8-2012  Newshound Guru Med    I WILL TELL YOU WHY THEY DO NOT WANT TO REVALUE, THEY DONT BELIEVE THEY CAN AFFORD IT AND THEY ARE PISSED AT SHABIBI WANTING TO KNOW WHY WHY DID HE SELL SO MUCH, THAT HE HAD TO KNOW THIS WAS GOING TO BITE IRAQ IN THE ARSS WE ALL DID. NOW THIS IS UP IN THE AIR.  NOTHING I CAN TELL YOU AT THIS MOMENT IS FINAL.  NOTHING TO HAVE THE RV OR NOT TO.   THEY ARE LOOKING AT AN OPTION TO INCREASE THE VALUE BUT NOT DESTROY THE ASSETS IRAQ HAS FROM WHAT I UNDERSTAND.   IF THAT DOES NOT FLY THEN THEY ARE FORCED INTO AN RV.  WE SHALL SEE WHO WINS THIS BATTLE.  [post 2 of 2]

10-8-2012  Newshound Guru Med   THE TRUTH, AS I KNOW IT, THERE IS A BATTLE GOING ON RIGHT NOW ON DO THEY REVAL OR NOT.  I KNOW WHY OR HAVE FIGURED OUT WHY THEY DO NOT WANT TO REVALUE THIS YR.  THERE ARE REASONS THAT CBI IS BEING INVESTIGATED BACK IN MARCH OF 2009.  WHEN IRAQ FIRST LEFT THE INITIAL SBA AGREEMENT WITH THE IMF MALIKI AND HASHEMI AND MANY MEMBERS OF PARLIAMENT BEGGED SHABIBI TO STOP SELLING THE DINAR AND...THAT IT WAS REDICULOUS TO KEEP SELLING OFF THE FUTURE OF IRAQ.  [post 1 of 2]

10-8-2012  Newshound/Intel Guru BGG    There are at least three different narratives in the process of developing…I’ll expand…First there is the constant and obvious struggle between the opposition and the dominant National Alliance (Maliki’s gang). This has been an ongoing battle for the soul of this fledgling democracy.  Second there is something of a mild internal struggle with in the opposition itself. This one is not so easy to identify – but it is there.  Next is the steady barrage of attacks from the GOI, Maliki and some elements in the Iraqi Parliament against the Central Bank of Iraq.  Finally, there is the overt pressure of the incumbents against those outside forces (the US included) to manipulate pressure against their enemies in an effort to garner support for their political futures

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