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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, September 6, 2012

TPNY, LORIC, BWM & POPPY POST, 6 SEPT

9-6-2012 Tony (PTR): They still haven't changed it from this month so I still got to go with this month. The bank thinks it is going to be today. So do some people at the For ex. People in Washington think it is going to be. They all thought since Monday that it was going to be Thursday. 

Over in Iraq the banks were closed on Monday. Tuesday they opened the banks but they wouldn't let anybody take any money out of the bank. Yesterday (Wednesday) they were letting people take money out of the bank but they were telling them they shouldn't. Something is going to happen. 

You shouldn't take your money out but they let them take it out if they wanted to. All those are signs that we have to look at. Something else happened at the banks today which was unusual once again but is good and it tells me that it is closer rather than farther away.



9-6-2012 LoriC: Great news day today. We had confirmation that the reform paper will be presented to Talabani as soon as he returns and the National Meeting will start a new chapter for Iraq. The Defense Ministers will be named in two weeks and our US Congress delegation is pushing for the Erbil agreement to be implemented.  Go Congress and go RV!!   


9-6-2012 BWM: After all the "need to be heard" people there is some decent information out there. Again, if someone is giving you a date in public, you can pretty much tune them out.  I have info saying we're close, a week away, a month away, and two months away. Just another example of no one really knows. 


9-6-2012 Poppy3: I am trying to find out if all our people are gone from Iraq. Will post asap. I HAVE REPORTS THEY ARE BACK BUT NOT THE FIRST GROUP THAT WENT THERE LAST THURSDAY. THEY AS OF YESTERDAY WERE REPORTEDLY STILL IN IRAQ DOING INTERVIEWS. WHO KNOWS WHY? HOPE THEY HAVE LEFT BY NOW JUSY HAVEN'T CONFIRMED BUT IF THEY HAVE WE SHOULD START SOON GETTING SOME GOOD NEWS FROM MEETINGS AGAIN. 


DINAR GURUS UPDATE, 6 SEPT

9-6-2012  Newshound Guru Vic1  MANY VERY GOOD THINGS HAPPENING IN IRAQ! VERY IMPORTANT PEOPLE THERE DOING WHAT IS TO BE DONE TO PROTECT OUR LITTLE "BROTHER" FROM ALL SORTS OF NON-SENSE!  WE WILL NOT LET ANYTHING HAPPEN TO IRAQ... CASE CLOSED!  GITTING IT ALL FINISHED! ALOT OF PEN TO PAPER!!! YOU ALL KEEP YOUR EYE'S ON THE BALL!  NO DOUBTS...NO FEAR!!! THE USA IS HERE!!! IN IRAQ...THAT IS !!!   SO MUCH GOOD NEWS!!!  GET YOUR PLANS IN ORDER!!! 

9-6-2012  Newshound Guru Kaperoni   There is still a struggle between the Council of Ministers and Maliki.  The CBI will take action if the government continues to interfere.  This is not going to be a smooth event but clearly the Central Bank is moving like a locomotive trying to get this done.  We know from the Minister of Finance that the CBI is in charge of the monetary policy.  There will probably be continued debate on the strategy and timing.  According to articles and the SGIR report the plan did have a revaluation or an increase of the value of the IQD just below the USD which is $.86 or $.90.  We don't know when, but with the Banking Conference coming we are getting closer.

9-6-2012  Intel Guru Jonnywg  [via SweetQueen]  SPOKE TO JONNYWG HE WAS HEADED TO ANOTHER LOCATION TO SEEK FURTHER TREATMENT, KEEP HIM IN YOUR PRAYERS NOT ONLY IS HIS VISION AN ISSUE BUT HAVING CARDIAC ISSUES AS WELL.

9-6-2012  Newshound Gurus Kaperoni & Enorrste  The Banking Conference is to take place September 18th & 19th.  Banking organizations are not going over there to talk about a worthless currency.  How do you develop a world class financial industry in Iraq when you don't even have a currency that is not even worldly accepted.  Shabibi is going to address an overview of Iraq's financial system "Mapping out the Road Ahead".  This conference is significant in all aspects of what we need to know about where this dinar is going. This doesn't work without an RV.  Looks like they are building up to something big, like changing the value of their currency. 

9-6-2012  Intel Guru Blaino     DR SHABIBI TOLD US THAT ALL THE NEW CURRENCY WAS A MISPRINT...REALLY? SO...WE ARE TO BELIEVE THAT NO ONE...NO ONE PROOFED THE FINAL DRAFT OF THE FINAL VERSION OF THE PLATES TO MAKE THE NEW CURRENCY????? REALLY?  I THINK IN THE KUWAIT DEAL THE RUMOR THAT CIRCULATED WAS THAT THE KING HAD DIED...THE NEXT DAY THEY UNCHAINED THEIR CURRENCY...AND OF COURSE THE KING WAS NOT DEAD! THIS SOUNDS LIKE A SIMILAR RUSE TO ME.

9-6-2012  Newshound Guru Adam Montana     there always has been and always will be a *chance* that we will break even or maybe even lose money. There is no guarantee here!  There's also a chance that you can get hit by a bus today...you don't sit in your house because of that chance. You weigh the odds and make a choice - is it worth the risk to go to the store today?  Personally, I think the odds are pretty good in our favor and the reward is so potentially great that I am willing to stick a few bucks on the line and wait it out for as long as it takes. 

9-6-2012  Intel/Newshound Guru Poppy3  Historically, whenever we send a delegation over there, everything stops.  Were they making progress, yes.   Now we have slowed down the process if not stopped it.  Is it deliberate, I don't know.  They have adopted a policy saying we don't want any interference. IMO, Talabani will not come back as long as our delegation is there.   Is there light at the end of the tunnel - Yes!  They have made a lot of progress and this is just a small delay.  I have info from a solid source saying they will have a National Conference on September 11th or at least announce the National Conference on that date.

9-6-2012  Newshound/Intel Guru BGG  From 3 sources, our next date for Talabani to get back is September 10th or 11th.   If Talabani is unable to return on the 10th or 11th, it is still all good for us.  Maliki has always known that he can only delay this some, there has always been an end date.  He either plays ball soon or they will move ahead to deal with him.

9-6-2012  Intel Guru Fresh    all the central banks are gearing up for some sort of QE3 or stimulus that provides a lot of CASH into the markets and central banks...this move is scheduled for ANY time this month.. IMO - it could be QE3 or an RV...the markets are assuming $ is coming because it's run out and over bought on the currency side...so if the $ doesn't come we are going to see an ugly crash all over the world...it looks GREAT for something like an RV to come in and save the days...meaning other central banks, etc have already priced in the rv to their positions...they don't want to be on the wrong side of money moving when it happens essentially... my only guess besides QE3 is Iraq...[so where does that put the RATE?]   anyone's guess...my gut is around a $1.

VIC, KAPERONI, ENORRSTE & ADAM MONTANA POST, 6 SEPT

9-6-2012 Vic1: MANY VERY GOOD THINGS HAPPENING IN IRAQ! VERY IMPORTANT PEOPLE THERE DOING WHAT IS TO BE DONE TO PROTECT OUR LITTLE "BROTHER" FROM ALL SORTS OF NON-SENSE! WE WILL NOT LET ANYTHING HAPPEN TO IRAQ…CASE CLOSED! GITTING IT ALL FINISHED! ALOT OF PEN TO PAPER!!! YOU ALL KEEP YOUR EYE'S ON THE BALL! NO DOUBTS, NO FEAR!!! THE USA IS HERE!!! IN IRAQ THAT IS!!! SO MUCH GOOD NEWS!!! GET YOUR PLANS IN ORDER!!!

9-6-2012  Newshound Guru Kaperoni   There is still a struggle between the Council of Ministers and Maliki.  The CBI will take action if the government continues to interfere.  This is not going to be a smooth event but clearly the Central Bank is moving like a locomotive trying to get this done.  We know from the Minister of Finance that the CBI is in charge of the monetary policy.  There will probably be continued debate on the strategy and timing.  According to articles and the SGIR report the plan did have a revaluation or an increase of the value of the IQD just below the USD which is $.86 or $.90.  We don't know when, but with the Banking Conference coming we are getting closer.

9-6-2012  Newshound Guru Adam Montana: there always has been and always will be a *chance* that we will break even or maybe even lose money. There is no guarantee here!  There's also a chance that you can get hit by a bus today...you don't sit in your house because of that chance. You weigh the odds and make a choice - is it worth the risk to go to the store today?  Personally, I think the odds are pretty good in our favor and the reward is so potentially great that I am willing to stick a few bucks on the line and wait it out for as long as it takes.

9-6-2012  Newshound Gurus Kaperoni & Enorrste  The Banking Conference is to take place September 18th & 19th.  Banking organizations are not going over there to talk about a worthless currency.  How do you develop a world class financial industry in Iraq when you don't even have a currency that is not even worldly accepted.  Shabibi is going to address an overview of Iraq's financial system "Mapping out the Road Ahead".  This conference is significant in all aspects of what we need to know about where this dinar is going. This doesn't work without an RV.  Looks like they are building up to something big, like changing the value of their currency. 

Breitlings Thursday Report , 6 SEPT

MILNDOLLARBABE CHAT, 6 SEPT


[milndollarbabe] i know that 14 denoms were printed originally and the lower ones were not released because they were not needed without a revalue and upward movement of their value…..so they were printed and are sitting in wait of our rv….
now this was a long time ago and things have changed since then…more debt relief… more gold found… more natural gas…more oil….giving them the opportunity to revalue at a higher rate than was originally planned for…the original denoms were printed for a lower rate and how to make change regarding such….
NOW….with the thought that they could rv at a higher rate (3ish) vs (1ish) the same (original) denoms wouldnt have all the correct denominations to accomodate the higher rate so more have to be brought into the system to accomplish such…..
while they have decided to print newer lower denoms….they also decided to add the kurdish language to please all concerned….this is not a new decision but has been talked about for at least 2 years i believe
[milndollarbabe] this doesnt stop an rv from occuring because there are lower denoms already ready to go at this point
[cpk] Thanks for keeping us grounded mlndbe, you’ve been it a long time, things we both learned before this site!
[stevhens777] milndollarbabe Well thats good news. One less thing Iraq needs to worry about
[milndollarbabe] cpk yw….and that is just a theory of mine….now the 14 being previously printed isnt a theory….
[cpk] right I agree
[milndollarbabe] but i have tried to reconcile while they would have the need to print more
[milndollarbabe] and this is my conclusion…that the original group didnt encompass the correct or proper denoms in full to allow for an adjusted higher rate

Deletion of zeros between the difficulty of actions and aspirations of specialists, 6 sept


Deletion of zeros between the difficulty of actions and aspirations of specialists


lot of talk about restructuring the national currency after deletion of zeros three of them and fill the ideas of economists and financiers, government officials and concerned at the central bank, but has not yet everyone agrees time limit for its implementation, some felt that the moment is not ideal for the application of Thus, a project to increase the export of oil, as well as a financial cover of the Iraqi currency exists as cash reserves with the central bank, are all indicators make it essential to implementation of the project to delete the zeros in the next year.
Important that the security and political situation remains unstable in the country, and the other goes to the implementation at the beginning of next year to reduce the money supply in the domestic market and to facilitate the operations of statistics and mathematics, among others.
The experts agreed and a number of deputies in an Tbarham (range) that the draft deleted three zeros from the currency much, and is the restructuring of the national currency, but they disagreed on determining the appropriate time to implement it.
Vice Chairman of the Finance Committee Ahmed Hassan the Faizullah confirmed: that the current time is no longer ideal for large application matter public because the country is still in a state exceptionally unstable and either security or political and even economic.
Said Faizullah told (long): that the project when it is applied will not add anything to the national economy both in terms of the positive or negative, but it would disrupt citizens through the process of replacing the currency because it is considered deleting three zeros from the currency in the sense that percent dinars become thousand dinars, The Iraqi citizen will not easily accept.
Faizullah advised not to apply the project during the current period of fear and occurrence coincides economic problems with its implementation.
The parliamentary Finance Committee demanded an official letter of the Central Bank to wait to switch the currency in January 2013, and be replaced in the middle of next year in the month of July next, until there is more study by replacement officials.
The central bank announced earlier that the draft deleted three zeros from the Iraqi currency would carry the country from country Alterionat to billions.
For his part, between the economic advisor to Prime Minister Abdul Hussein Al-Anbuge: that the Council of Ministers asked the central bank to wait in the project to delete three zeros from the national currency to another notice until the creation of conditions and the conditions for its implementation.
He said Anbuge valuable told (long): The draft restructuring the local currency after deletion of zeros three of them longer than large projects and “sensitive” because it touches the citizen and the national economy directly must carefully before applying it can not be rushing to implement it to avoid the country economic problems likely have occurred when implementation.
He added: There insistence by the Central Bank to implement the project early while he needs to objective study of the conditions surrounding area and the radical changes in the infrastructure of the national economy and know the standard of living for citizens and many things must be considered before implementation of the project so as not to drag the country into economic problems difficult to solve.
The central bank announced (29 September 2011) that the year 2013 will see the deletion of zeros and currency switch, which warned officials and economists because there mafias currency is preparing to rig the trillion Iraqi dinars to replace them in the light of the upcoming changes.
The Council demanded prime minister of the Central Bank to slow down in the draft deleted three zeros from the local currency, stressing that he is a big project and needs to be enough time to implement it.
The accused CBI government agencies of obstructing monetary reform and vowed persecuting because it was the country’s financial interests at risk.
While Economic Commission Mahma decision Khalil stressed the need to implement the project over the next two years because it is an important project and Iraq need to be applied.
He told (range) that there are a lot of countries in the world have been experiencing the deletion of zeros from its currency and succeeded and gave moral support to its local currency, Iraq must provide the project to delete the zeros whatever the circumstances.
He added that Iraq is on the verge increase Moisnath next and possibly funds up to (150) billion dollars, and (200) billion dollars during the next three years as a result of the plan of the Ministry of Oil and pointed out that the Central Bank of Egypt for the implementation of the project at the beginning of next year while the government demands wait to year (2015) but we as an economic committee to choose a solution and an average between the time limit specified by the central bank and the federal government is in the year (2014).
Was confirmed by the central bank that he completed all actions relating to the draft restructuring the local currency after deleting three zeros them, put certain models to form currency is civilizations Iraq ancient and religious shrines and features of archaeological and infrastructure such as dams and bridges have been submitted to the executive and legislative branches for approval, pointing out that he does not needs legislation law but needs a regulation issued by the Council of Ministers and published in the Official Gazette (facts) because the Central Bank Law No. (94) of 2004 specifically in Article (37) gave permission to a central issuing a new currency and its design and organize Regulation Legal called « system which is different from the law.

Editorial: Decision to delete the zeros from the currency .. Ink on paper, 6 sept


Editorial: Decision to delete the zeros from the currency .. Ink on paper

Long ago, announced near the implementation of the decision of the deletion of three zeros from the Iraqi currency, and that the project will be launched early next year and will continue for two to three years. He then appeared other comments announces lingered government to the implementation of this resolution and postponed to another date ..
So is the project will remain a dead letter, as described by the Deputy Director of the Central Bank of the appearance of Mohammed Saleh? …. And received the decision to delete the zeros from the Iraqi currency a lot of opinions pro and con, there Economists believe that the decision will lead to the collapse of the national currency and see some last he would return to the country benefit the country It is unfortunate patient in its implementation because it is a joint venture between the government and the central bank. As long as the government seeks to postponed due to security concerns, it can not be implemented in this year or the year after that – according to deputy director of the Central Bank – Timing is very important in this case is also implemented, they must coincide with the beginning of the fiscal year, so you will not find space for implementation inevitably through this year .. And regrets for the postponement of the project because it is economic benefit to the country as long as improve the efficiency of the currency and reduce the impact of large numbers, then dealing with cash needs into categories cash large and small, as will be dealt again categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to classes less than dinar (such as half a dinar) and (quarter of a dinar) and (50 fils) and (25 fils).
which is confirmed by financial and economic expert at the Central Bank Majid picture that does not see the difficulty in implementing the decision because it will help in the process of reducing trading volume large currency transactions and would draw more accurate pricing policy in the future as long as the will handle the thousands and millions, rather than billions, as well as its role in the detection of fraud earlier because the central bank will impose on banks use very modern techniques to detect fraud. He adds «also techniques that will be used in the printing of the new currency will be difficult to penetrate, but if behind that organized gangs or backed by the state because the specifications minutes and styles to be established by the central bank will be very strict«.
contrast warns economist Tawfiq inhibitor of the collapse of the national currency in the case of application of the decision to delete the zeros three of them, pointing to the need to prolong the period of currency switch and not withdrawing the old currency and launch new direct, but work together so that it would not cause harm to the economy or any direct impact on the living conditions of the citizens. On the other hand sees inhibitor that process counterfeit currency is another reason to collapse and therefore warns that happens, especially as there are great bands and mafias currency capable of forging greater currency in Iraq.
seen most citizens to decision deleting three zeros from the national currency look apprehension after accustomed pockets Download large paper groups and accustomed stakeholders including dealing with hundreds of millions.
businessman believes weighted in favor of deletion of zeros would hurt the level of share trading in the Iraqi market for securities, because there shares will be lost in case of deletion of zeros. And works weighted in stock since 2005 and increased his passion for them when evolved using screens electronic, but does not hide his fear of failure dealing with them, especially since stocks foreign exchange reduced the lead to block the signing of agreements with companies of foreign investment, which believes that the change of currency will reduce profits.
of For his part, sees Adel Abdul Jalil / assistant professor at the Faculty of Administration and Economics / that Iraq is ready now for the deletion of zeros from the dinar, because it needs to stabilize security, political and economic, and that Iraq – in his opinion – no need to replace the currency is as much a need to control lie in volatility in the exchange rate of the dinar against the dollar. And Abdul-Jalil said lifting of the zeroes will cost the state budget large sums may open a door for financial corruption and waste of public money as well as failure to address the problem of inflation because the Iraqi market are imported for all goods and services from abroad means draining large hard currency.
response to these concerns, confirms Vice Director of the Central Bank «the power of the Iraqi dinar, which became like a hard currency thanks to the policy of the central bank in control of the cash raised in the local market ‘. He pointed to the existence of a large cash reserve of hard currency is kept to face the difficult circumstances that may occur in the country gives the strength of the dinar against foreign currencies. The central bank’s policy is aimed – according to the benefit – to the stability of the exchange rate of the dinar against the U.S. dollar, likely equal to the price of the Iraqi dinar against the U.S. dollar during the next two years after the implementation of the project to delete three zeros from the Iraqi currency. According to Saleh, said that the Iraqi citizens need to educate in the villages and towns and school students also and be the media role in helping citizens to receive the project.
emphasizes economic expert Majid picture this view, explaining that the circulation of the new currency would be gradual so as not exposed citizen to any defect or blackmail from stakeholders until the withdrawal of the old currency in full, on condition also do a big media campaign supervised by the Central Bank and its related entities to educate citizens.
http://bit.ly/RdZImH

BLAINO POST, 6 SEPT

Blaino: DR SHABIBI TOLD US THAT ALL THE NEW CURRENCY WAS A MISPRINT.... REALLY? SO.... WE ARE TO BELIEVE THAT NO ONE.... NO ONE PROOFED THE FINAL DRAFT OF THE FINAL VERSION OF THE PLATES TO MAKE THE NEW CURRENCY????? REALLY? I THINK IN THE KUWAIT DEAL THE RUMOR THAT CIRCULATED WAS THAT THE KING HAD DIED.... THE NEXT DAY THEY UNCHAINED THEIR CURRENCY.... AND OF COURSE THE KING WAS NOT DEAD! THIS SOUNDS LIKE A SIMILAR RUSE TO ME AND THE FACT THAT SHABIBI WOULD GET ON TV AND SAY THIS MAKES ME ...... GIDDY! (A LIL ANYWAY!)

FRESH, SWFLORIDAGUY, MOUNTAINMAN, BGG & POPPY POST, 6 SEPT


9-6-2012  Intel Guru Fresh:
all the central banks are gearing up for some sort of QE3 or stimulus that provides a lot of CASH into the markets and central banks...this move is scheduled for ANY time this month.. IMO - it could be QE3 or an RV...the markets are assuming $$$ is coming because it's run out and over bought on the currency side...so if the $$$ doesn't come we are going to see an ugly crash all over the world...it looks GREAT for something like an RV to come in and save the days...meaning other central banks, etc have already priced in the rv to their positions...they don't want to be on the wrong side of money moving when it happens essentially... my only guess besides QE3 is Iraq...[so where does that put the RATE?]   anyone's guess...my gut is around a $1.


9-6-2012 SWFloridaGuy: How can the CBI revalue their currency 100,000%, what will the recovery duration be and and how will Iraq sustain this growth? This is the fundamental question, which goes to the very core of our investment. The NID (new Iraqi dinar) has never been on par with the USD, only the old Swiss dinar (named after printing plates) held those levels and has long since been demonetized.  In order for the NID to RV to equal to one US penny, they’d have to remove 90% of the IQD from their M2. Half of their M2 is digital, which also convolutes matters.  Iraq has $62 billion in currency with $100 billion in GDP which puts them at 62% of their GDP.  The US has a $14 Trillion GDP and a M2 of about 10 trillion dollars.  Iraq has a GDP of $100 billion and a M2 of 72 trillion. Countries with a floating exchange rates usually have a money supply around 50-200% of their GDP.  A 1 to1 rate on the IQD would give them $72 trillion in currency with a $100 billion GDP. Their money supply would then be 720x their GDP.  Compared to other countries that max out at 2x, it's quite a stretch. The other possibility is that the CBI's numbers are fabricated and that there are really "2 sets of books," which would suggest a deliberate move where the CBI works in tandem with the IMF and World Bank to conceal the true numbers from speculators and protect their plan. I would imagine that if Iraq is truly preparing to pull off a historic revaluation, furtiveness would be by far the most crucial element due to the potential for abuse and corruption. The fact that we are talking about these numbers in chat rooms does lead me to believe that if (and that's a HUGE "if") a historic large currency appreciation is indeed on the way for the IQD, "Fixing the books" would be a smart move. Europe, whose false public finance data helped usher in the latest round of global financial turmoil, the Enron scandal and China's recent "alleged" massaging of their growth numbers comes to mind. There is no independent replication of GDP numbers so we will never be sure.  I am not saying for sure that this is what the CBI is doing, I would have no earthly way of knowing that and have no evidence that this is the case.
 If Iraq continues to increase oil production and their GDP, the IQD can increase in value giving them additional purchasing power.  It's my opinion that if Iraq was planning a straight redenomination with no significant rate increase they would have never spent this much time studying the long term effects, in-country (and out) security issues, counterfeiting, effects of dedollarization and how to institute a market-based economy where they are respected as a borrow in the eyes of global capital markets. The IQD is currently pegged to the USD as a defensive measure while Iraq rebuilds. The auctions supply the market with dollars and stabilize the IQD rate against the USD. I believe eventually (when we having a power-sharing GOI), the CBI will make their move and peg directly to the relevant commodity (which is oil) or do a hybrid solution.  Oil prices fluctuate so a basket peg would not solve the problem.  The CBI could set the daily price of IQD in direct proportion to the daily price of a barrel of oil in terms of USD. That would stabilize the price of oil in domestic terms and promote integration into world markets. They may take it one step further with a broad-based commodity standard where they are not just limited to a single commodity such as oil or gold, which would help average out fluctuations.
 Iraq must choose between capital mobility, monetary policy autonomy, and exchange-rate stability. Nominal appreciation must lead to sustained real appreciation (this facet in particular is a tough one for me). Economic policy is influenced by international capital markets and foreign central banks and I certainly don't pretend to know the motives behind those that would influence either. The hope is that it's also in their best interest to see Iraq recover, reassert monetary sovereignty, dedollarize and give Iraqi citizens confidence in their own currency because there is no way that Iraq can pull this off on their own. Many corporations, foreign governments, banks and powerful organizations have all aided in Iraq's reconstruction because they also see Iraq's potential.  Bloomberg recently released a video where they said "Iraq is a great opportunity for investment. They have a quickly growing GDP, there’s a great deal of growth in Iraq and we think the market will reflect that. American investors should be looking to put money and resources there." The DMCC (the leading commodity and currency derivatives exchange in the ME, with electronic trading accessible from anywhere in the world) also just recently reported that the IQD has attracted their attention and they are looking forward to the inclusion of the IQD (along with other currencies) into the global commodities exchange market.


Eventually, I do believe that we are going to prosper from this investment. Whether the CBI takes a more long term approach with several incremental adjustments as the recovery process (economic and political) continues or best case scenario, we witness a historic large currency appreciation "shock" where the CBI changes the peg, redenominates around January 2013 (or sooner), and simultaneously increases the value of their currency. As previously mentioned, the main questions serious investors have are by what mechanism can they achieve this, what will the recovery duration be and how will Iraq sustain this growth? Hard questions to answer. Although I signed up for this investment under many false pretenses, I feel extremely privileged to be involved and I'm in it for the long haul.  Iraq presents a very unique economic situation (opportunity), and has come along during a very desideratum time in history. Some would say that is by design.  These are just my opinions, which may or may not be correct.


9-6-2012 Mountainman: Looking forward to Talabani's return and National Meeting.  Every day we're hearing the ministers are going to be announced.  They have been saying this for a long time but I think the no-confidence vote option is one that Maliki won't take.  

This is the real deal and when T returns, Biden will visit and help push this through. Parliament is also working hard on passing the oil and gas law.  

There was a rumor that they made a mistake with the printing of the LDs but that has not been confirmed and is hard for me to understand such a major mistake when this has been in the works for so long.  I think we're right on track and where we need to be.  Go RV!!

9-6-2012  BGG  From 3 sources, our next date for Talabani to get back is September 10th or 11th.   If Talabani is unable to return on the 10th or 11th, it is still all good for us.  Maliki has always known that he can only delay this some, there has always been an end date.  He either plays ball soon or they will move ahead to deal with him.



9-6-2012  Intel/Newshound Guru Poppy3 
Historically, whenever we send a delegation over there, everything stops.  Were they making progress, yes.   Now we have slowed down the process if not stopped it.  Is it deliberate, I don't know.  They have adopted a policy saying we don't want any interference. IMO, Talabani will not come back as long as our delegation is there.   Is there light at the end of the tunnel - Yes!  They have made a lot of progress and this is just a small delay.  I have info from a solid source saying they will have a National Conference on September 11th or at least announce the National Conference on that date.

INTEL4U CHAT, 6 SEPT


DebTarHeelGirl: INTEL FOR TODAY = TRUST TRUST TRUST - WE ARE WAITING, THERFORE CARRY ON, SURELY THIS IS FOR AN APPOINTED TIME. TRUST TRUST TRUST = SUDDENLY

[..SweetQueen] SPOKE TO JONNYWG HE WAS HEADED TO ANOTHER LOCATION TO SEEK FURTHER TREATMENT, KEEP HIM IN YOUR PRAYERS NOT ONLY IS HIS VISION AN ISSUE BUT HAVING CARDIAC ISSUES AS WELL

[cruiser] Guess we are all scratching our heads right now. Wondering what is going on? I know I am. Things are happening. Markets are reacting. Just watched on CNBC where Kramer just referred to the ECB as doing the same thing as Lehman Brothers, we know how that turned out.

[stevhens777] cruiser Its a great day for a RV!!!

[cruiser] stevhens777 Yes it is. Has to be someday. No time like the present.

[stevhens777] cruiser Who do you think is resposible for pushing the RV button?

cruiser] stevhens777 I think this is a very complex issue, currency realignment, and has to be 100% ready to go. Once it does, we will all know :)

[stevhens777] cruiser So many fingers on the RV button, I see.

[lynncool] cruiser Been listening to Glenn Beck lately and he feels the current admin isn't going to let the ECB go down b/c the world is a Global economy and that in turn would being us down, so not going to happen before the election...your feelings?
[cruiser] lynncool I do not think it will go down either. It would have already. This has been going on for over 2 years. Just keep putting band aids on the lost limb.

[cruiser] Currency traders did not like what the ECB did. The Euro flopped very dramatically. This is not a stock, but a currency. That is crazy.

[Papa Bear] cruiser Buy rumor sell fact is rule of the game

[cruiser] Papa Bear Hi you are correct.

[hog1] Papa Bear : can you explain rule of the game??

[Papa Bear] hog1 In commodities buying the rumor which was buying of bonds which was rumore 2 days ago and when actual news comes out today the fact was known so sold

[Canadinar] cruiser I read where you mentioned about dinarians retiring, and thereby creating new jobs - I disagree. If 100 people quit, and 90 people get hired, it is a net LOSS of 10 jobs. However, I believe the Dems count it as 90 new jobs. New EMPLOYEE, but NOT new job. BIG difference!!

[cruiser] Canadinar Beats 100 people collecting unemployment. Means you have 90 more people paying taxes instead of sitting home doing nothing.

[cruiser] Canadinar remember the new buisnesses that will be created also, for those who wish to build their dreams with this new found wealth.

[raptor22] Cruiser how we looking for today, thus week

[cruiser] raptor22 Could happen at any moment. That is my understanding. When the moment is, Beats me.

[Princess M] cruiser So do you think that we will have to wait till the elections are over or will we see something between now and election day????? Gm

[cruiser] Princess M There is alot of talk of this month being it. Just have to wait and see. I know it sux, but nothing else we can do.

[Canadinar] cruiser agreed, but when I retire, my replacement is not getting a newly created job, unless it takes 2 people to replace me (lol) then 1 new job would have been created

[moonchild] it seems to me that when the ECB is buying bonds with money it does not have, since it is basically a blank check, this amounts to printing money so the value of the currency would need to drop.

[moonchild] .. No idea as to when the RV will happen. The last date I got from my sources was June 30, 2011, and they have not wanted to give me a date since, saying that there is no reason for it not to have occurred then, at least from the iraqi end of things.

[Stitch] moonchild I remember many intel providers who believed that as well...

[Ribeye] Canadinar it seems that today when old guys retire, creates 2 new jobs for same money! lol

[cruiser] Ribeye You could be right. Never thought of it that way. So let me think about that for a minute.

[cruiser] Canadinar You are correct, but now you have 2 people paying taxes. One with a higher bracket rate, and another in your old tax rate. Thus giving the governments more income.

[BigB] cruiser Canadinar The reality is they will hire 180 people because of the quality of the people that will leave. Many of these are quality employees that do more than most of their counterparts. Remember, there is about 5% of the unemployeed that are unimployable - can't work or won't work.

[Canadinar] #2sister if there are the same number of people are working today, as yesterday, no NEW job was created. Attrition does not create new jobs (positions), it just creates new EMPLOYEES.

[BigB] cruiser Canadinar The reality is they will hire 180 people because of the quality of the people that will leave. Many of these are quality employees that do more than most of their counterparts. Remember, there is about 5% of the unemployeed that are unimployable - can't work or won't work.

[cruiser] BigB You are correct, but what that leads to is job training. The newly trained employees will not make as much as the person they are replaceing, plus you will see government programs that will help pay for this. Giving the companies tax credits or other incentives. This is not a bad thing at all.

[stevhens777] cruiser How long have you been following this investment?

[cruiser] stevhens777 in dinar over a 1yr lol other investments tieing to this realignment, over 3 1/2 years. Please do not ask about the other investments. Cannot discuss them. The reason why I say that is others have asked and I will not talk about it.

[Princess M] cruiser So the thought is O will get it done before the election so he can take credit!!!

[Princess M] I have another question: cruiser when this finally happens will the same PTB's that is in control now remain in control??? If so will we have to worry about the Global Economy in the future??

[cruiser] Princess M Think that there will be no politcal party that will gain an advantage off of this. That to me is the problem. Someone wants credit.

Coffeeone] cruiser Did you think the U.S. Delegation over there held things up. It is my understanding from several gurus that the leadership does not like them and they (U.S.) causes more problems than solutions. What say you? :cheerleader: :cheerleader:

[cruiser] Coffeeone Nope. They left and went to China after that.

[oucrazy] My two cents. . . though I want to believe that it is out of Iraq's hands and they are an "occupied" country, it just never made sense to me that they do not have some of the control of this event. Yes, I know some of the articles are dated, but more and more articles are forthcoming. It can't all be smoke. It seems to me that though the US came up with this plan, Iraq plays a vital role in the release process. But, then again, I'm just another shmuck. Thnx

[Readynow] oucrazy think you would be right IF this were just Iraq revalue BUT it's not --It's a world re-set It's so much bigger than Iraq

[blue skies] RdRiver If you recall we were told a lot of smoke just before the r/v so we must remain positive and it will happen..

[Major] So since the gurus have gone underground, where does everyone think we stand at this point? Still anytime, any minute, any hour, any day, or?

[Stitch] Major I think the general consensus is all the above... lol

Major] Stitch, wow, well that certainly leaves little room for error!!! LOL

[whitelions] Major I'm in the in iraqs hands and T is do back in country in the next 10 days when that happens the nc will be called and then we go from there

[Major] whitelions, I think all the back and forth with Talibani, Maliki, Allawi, is all smoke!!! I think the holdup is more global and not Iraq. IMO

[whitelions] Major fair enough but all the intel people have said this and that and none has come to furitwishen and all the iraq people have said this has to happen and that has to happen and and they have never been wrong and as they say it it has been comeing true jmho

whitelions] " I am hoping and praying like a death row inmate that this ride is finally over. "

Major] whitelions, I really don't think the so-called Iraq sources are going tell the truth to someone in the US! I think this is a game to them!

[whitelions] Major I do not listien to sources they have been consistenly wrong as well but if you fallow the news not just about dinar but that the fact that marsadies cars in putting a plant in bagdad constrution to start in nov and all the banking updates and the hambugher joints going in to iraq why would they do all these thing with dead money

[musiccitylady] whitelions but don't they use USD there anyway?

[whitelions] musiccitylady yes but they are takeing it off the streets and makeing the people us the dinar the only way they can get usd now is if they go to the banks all the street venders have been shut down

[Major] whitelions, agree! But all those economic issues have been going on for months and months! They can't keep this up without a tradeable currency. Something has to give. IMO

[musiccitylady] whitelions wow, did not know that

[whitelions] Major right we are comeing to the :toilet: or get off the pot time

DrRod] Well here we are on a beautiful Thursday AM. Don't you all think we have waited long enough? I say that we get this RV/CE or what ever the latest buzz word is for our investment done and over with... It certainly has been a rollercoaster.

[mr_shoemake] gm all i could use a stimulous plan and who knows call it the rv

[mbillions] DrRod Listening to the ECB...

[DrRod] mbillions ECB???

[mbillions] DrRod http://www.cnbc.com/id/24596546

[xyz] thud Breaking News: IMF involvement to be sought in minitoring, setting conditions to EFSM/ ESM program: ECB's Draghi . http://www.reuters.com/finance

[mbillions] xyz What is all the breaking news all of a sudden... makes you go hmmmmmm.....