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Thursday, December 27, 2012

DINAR GURUS UPDATE, 27 DEC

12-27-2012   Newshound Guru Doc   We are further exasperated by Parliament adjourning until January 8 which means no currency reform until at least after that date.  We also believe Maliki does not want a strong currency  as we have written in the past.  All his actions as well as public statements seem to support this.  His goal is to have total control of Iraq.  He has attempted to arrest everyone who opposes him such as Shabibi and the finance minister.  Maliki continues to fight with the Kurds for control of the oil which without he is basically broke.  The good news here is that the international community apparently has had enough.  We have seen recent intervention by the USA, IMF, UNSC, etc.. as to what in the world Maliki is doing.  Hopefully the external pressure on Maliki will force him to play ball.  [post 3 of 4....stay tuned]

12-27-2012   Newshound Guru Doc   The question of the month is when will the fundamentals be in place?  The answer is we can only speculate. Yes Iraq is working WTO, chapter 7, seating ministers, HCl and the news continues favorable around these which we believe are the fundamentals needed for a stable currency.  Unfortunately these are all moving at a snails pace for our perspective.  We have now seen similar articles and internal reports about these issues for several years.  [post 2 of 4....stay tuned]

12-27-2012   Newshound Guru Doc    Public statements by both Iraqi and International officials have indicated the world expects Iraq to be a major financial power not only in the ME but world-wide in the very near future.  However to get there Iraq needs to have certain fundamentals in place such as a stable functioning government and secure assets to back the value of the currency. As we write this today Iraq has neither.  If Iraq were to RV and try to trade its currency right now the most likely scenario would be for the currency to take a blood bath due to lack of supporting fundamentals.  If we know this then you have to know the international community knows this too.  [post 1 of 4....stay tuned]

12-27-2012  Newshound Guru Administrator Bob   Article quote:   "...currency is torn or is glued or subject to paste and become those currencies that circulated Iraqi citizen concern has as taking vendors and shopkeepers and markets cars are reluctant to receive money after that became this Banknotes very old without attempt to renew..."   We see this article clearly stating that Iraq's currency is in dire need to be replaced.  This is a direct result of the CoM/Maliki refusing to allow the Central Bank of Iraq's delete 3 zeros plan to proceed earlier this year.  What new strategy will unfold is yet to be seen.

12-27-2012  Newshound Guru Med   NOW, WITH MALIKI REFUSING TO TESTIFY IN PARLIAMENT, BASICALLY TAKING THE 5TH HOW CAN THEY NOT BE RUSHING TO PARLIAMENT TO VOTE HIM OUT.   ANYONE KNOW WHAT IS MISSING THAT IS NOT CAUSING FEAR IN MALIKI.  WHO IS PROTESTING AND WHO IS NOT?  THE SUUNI'S ARE IN THE STREETS  AND THE SHIA'S ARE NOT, THAT IS WHY MALIKI IS NOT SHAKING.  THERE IS SO MANY ARTICLES ON RIOTS, PROTESTING, THREATS AGAINST ANYONE WHO SPEAKS AGAINST MALIKI.  EVERYTHING RIGHT NOW IN IRAQ IS IN CHAOS, TOTAL CHAOS.
12-27-2012  Newshound Guru SWFloridaGuy     I have no way of knowing for sure but I do feel great about where we're at going into 2013. This just could be our year, only time will tell. Hopefully, we'll all cross the finish line together soon and celebrate this long journey finally coming to an end. I would have imagined it's in their best interest to start this yesterday. It does seem like we're close

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