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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, September 17, 2012

MOUNTAINMAN & ENORRSTE POST, 17 SEPT

9-17-2012 Mountainman: One of my favorite quotes ever came out yesterday and then again today. "London banking conference will turn Iraq into a bank to finance bankrupt economies in Europe, U.S. and the GCC." Pretty self explanatory and clearly the Gulf Cooperation Council, Europe and the US are all looking at this conference as a platform to futher exploit Iraq's wealth for their benefit. Whether Iraq has a straight revaluation or free float, it clearly will not be a lop and we have all made the right decision to hold onto this currency.  These are some very exciting times in Dinar Land and I feel we are coming to the end of this ride.

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.  

MED CHAT, 17 SEPT


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.....

[tmac096] alot of anticipation in the air the past few days
[stlou] who is that masked ghost?
[Retta] yes and I am old
[tmac096] who knows... only the shadow knows!!!!
[glk] that is what a lot of us will be doing, cash a little if it is under $1 and wait for it to go up .

THE DINAR IS NOT GOING TO COME OUT OF THE GATE AT 1 TO 1
[Retta] I bet I know g m Med

YES GLK  I AM BETTING BETWEEN 10 CENTS  AND ABOUT 28 CENTS  TO START
[stlou] either way, a 25000 note will be at least 2500..00 to start.

SURELY WILL  I AM ONLY SAYING  AS YOU SAID MANY ANTICIPATED BECAUSE OF THE WORDINGS USED BY SHABIBI  ON HIS ONE TO ONE

[stlou] that covers over two 1/2 million bought at today's price
[Retta] I sure know now Med that is what you have always said to keep us grounded
[stlou] will most likely be the benchmark to reach

YES WE NOW KNOW IT IS  AFTER YESTERDAYS ARTICLE

[stlou] and i'm thinking he may let it float to get to there..let the market drive it up

[Med] IT EXPLAINS THAT THEY EXPECT TO TAKE TWO YEARS  TO REACH  IN THE OTHER ARTICLE I POSTED YESTERDAY MORNING   IT WAS RECOMMENDATIONS FROM THE ARAB COUNCIL  AND WHAT THEY THOUGHT   WAS THE BEST ROAD MAP FOR THE DINAR

[stlou] but do they have the final say?

[Med] IT ALSO EXPLAINS THE DIFFERENT WAYS THEY CAN DO IT   SURE DO  ] NOW SURE DO IS IRAQ

[Retta] I have aways thought they would come out as small as they could

[Med] SHABIBI DETERMINES IT

[stlou] maybe in order to ensure stability of the arab community's money value?

[Med] SEE THEY WERE BEING REALISTIC  ON THE MIDDLE EASTS CURRENCY  FUNNY IT SEEMS THAT ONLY IRAQ AND IRAN ARE IN THEIR OWN WORLDS OF REALITY  THE ARAB COUNCIL HAS A VERY GOOD GRASP   NO REALLY  IF YOU READ THE REPORTS BY THEM  THEY THINK IRAQ AND IRAN BOTH ARE DIP ***

[Med] THEY SAID ALSO THEY WONT BE UPSET IF ISRAEL ATTACKS IRAN

[Retta] Med that is going to happen but when?

[tmac096] roger that one!

[Med] I BELIEVE THEY WONT FOR ABOUT 2 YRS

[tmac096] lots of sabre rattling going on

[Med] OH YES  AND RIGHT NOW THE ENTIRE MIDDLE EAST IS IN AN UPROAR OVER GOOGLE AND YOUTUBE  ****BLEEP****  THE MIDDLE EAST IF WE LOOK BACK  HAS NEVER BEEN AT PEACE

[tmac096] do many even have access to the internet?

[Med] THEY HAVE ASSASSINATED THEIR LEADERS OVERTHROWN GOVTS

[Retta] you are right

[Med] NO TMAC ] I AM SAYING IRAQ BUT I WOULD SAY  YES IN OTHER COUNTRIES  THEY SURE DO  REMEMBER ALLAWI HE IS ON FACEBOOK   OK I THINK I TOUCHED ON ALL I WANTED TO AND EVEN A BIT MORE   ANY ? ASK NOW

[tmac096] hows the feet feeling?

[Med] OR I AM GOING TO GO WORK ON MY COFFIN (for Halloween)

BONDLADY & SHREDD CHAT, PART 1, 17 SEPT


Will open the Baghdad Stock Exchange and infiltrated.. Conference in London will turn Iraq into a bank to finance the bankrupt states

Author: the future of Iraq  17/09/2012 12:00 am     BAGHDAD / future Iraqi

parliamentary sources said that a high-level Iraqi delegation will attend a conference on investment in the banking sector and banks in Iraq to be held in the British capital London. Sources indicate that the conference will make Iraq a bank to finance the rescue bankrupt economies and banks in Europe and the United States, as is the case with the GCC banking sector. The sources also indicated that if this plan has, will make the Baghdad market securities exposed, and infiltrated by foreign companies, in return for a scenario that occurred in Southeast Asia in the eighties and caused the bankruptcy of those countries.

http://www.almustakbalpaper.net/ArticleShow.aspx?ID=27774

[Shredd] yes! That aricle woke me up more than my coffee!
fhopa] yessir  got to have demand

[Shredd] buyers cannot buy unless it's denominated in an internationally recognized currency  fact

[Shredd] dayum straight grashopa  and this conference  this week sets that expectation   that demand...

[Shredd] it says above in that article this company is a non-banking financial institution BOOM

[campdav] BAM

[Shredd] when the global investment sector can jump on investment in Iraq you and I are golden for sure   awesome news

[campdav] 100%

[Shredd] again, I'm not sayin rv this week or whatever, but this conference is already painting a picture for us

[grashopa] and Shredd ......to set that expectation.........do you think the international community is expecting to wait.....weeks or months???

[Shredd] heck no

[grashopa] exactly

[Shredd] this is where the over-used CONFIDENCE in the dinar comes in to play  confidence, correctly used, means from the investor's perspective  we all know it's not OPINION that there is a ton of money to be made in Iraq, right?

[lightingcslt] Shredd yes

[Shredd] the ability to make the wheels of finance turn in Iraq is what we are seeing in the news as of late  banking but more importantly investment  grashopa is right...the clock will start ticking and we will continue to see progress have already for quite some time

[grashopa] and leverage it throught out the international community...............brillant

[Shredd] great articles, and proof of what we have been saying, right? this is exciting stuff y'all  of course....  needed for Iraq to stand up economically and so many who look to gain are those who need it most countries the financial market as a whole it's a ripple effect not to mention what the speculator's cash-in will do on the local level!  Right

[lightingcslt] Shredd you are so right

[Shredd] super news and I'm glad you're all seeing it too

[player46] Central Bank decides to diversify fiscal policy in 2013 Monday, September 17 / September 2012 [Baghdad - where] Iraqi central bank decided to diversify its financial policies in 2013 through the sale of gold and government bonds and foreign citizens.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told all of Iraq [where], "The Central Bank has decided to not only his financial selling foreign currency from the dollar to the banks, but will have a monetary policy variety in 2013, through the sale of gold and government bonds and foreign directly to the citizen.

" He added that "the sale of bonds and gold to home will not be a substitute for foreign currency, but falls within the new monetary policy, which could be sold by the citizen or the bank to liquidate financial value and benefit."

He explained that "the Central Bank is granting called / leave, investment funds /, a company issued its instructions, and function to promote financial transactions of gold bullion and bonds to the citizen, and this company is non-banking financial institution."

The Finance Committee in the Iraqi Council of Representatives, called for the central bank to cut the foreign currency exchange rate, to reduce the high prices of goods in the Iraqi market.

http://www.alliraqnews.com/index.php?option=com_content&view=article&id=52140:-2013&catid=37:2011-04-08-17-25-57&Itemid=56

[player46] "the sale of bonds and gold to home will not be a substitute for foreign currency, but falls within the new monetary policy

[Shredd] did you see the earlier article that talks about Axis?  they are one of our clients

[campdav] Axis? No

[Shredd] it was a few days ago

[campdav] missed that 1

[Shredd] also, I see Ernst & Young is a gold level sponsor of this week's conference

[carpentersr] Shredd Regarding Axis.. what are they? Investment group?

[Shredd] yes

[carpentersr] ok cool.. big or small?

[campdav] Axis Invest: http://www.manta.com/c/mtcbfr0/axis-investment-group-llc

[Shredd] carpentersr not too many smalls left out there after the economic crisis, so they are big

[carpentersr] touch

BONDLADY & SHREDD CHAT, PART 2, 17 SEPT


[BondLady] but falls within the new monetary policy  the sale of bonds and gold to home will not be a substitute for foreign currency, but falls within the new monetary policy

[campdav] That is huge   " New Monetary Policy"    As in new rate IMO

[BondLady] yes
[Shredd] sure is!
[campdav] part of

[BondLady] and they sent out the instructions
[campdav] Oh boy

[dinardoe] so exactly what is the new monetary policy? RV or free Float
[campdav] dinardoe Flip a coin  I hope a free float
  [BondLady] He explained that "the Central Bank is granting called / leave, investment funds /, a company issued its instructions, and function to promote financial transactions of gold bullion and bonds to the citizen, and this company is non-banking financial institution."

[BondLady] a company issued its instructions,  we all paying attention?

[campdav] I know I am

[sisterbreen] yes

[dinardoe] yes at attention

[player46] yes I can't stop reading it...

[BondLady] dd its not going to tell you the new monetary policy until it happens entirely  its sayin there is 1 an info has been sent out  good chance the info will come out at the conference  but we dont know we know pieces of it

[Shredd] for a non-banking institution to be involved in the selling of bonds, this is huge also  this implies to me...  that much more behind the scenes has been done already  yes come out at the conference i agree

[campdav] Yea I have to say we are lookin right down the barrel of this thingy

[carpentersr] Shredd How much time you think it will take for the conference this week to pitch the buyside that Iraq is OK and invest?

[BondLady] but insider trading plays here so be patient an study your investment

[Shredd] yes  carpy....they are coming with expectations.... for this to even be held means Iraq is ready in so many ways to welcome investment they aren't talking about investing in their local McDonalds this article is talking about govt bonds huge   HUGE  and.......many of you may not know this.....

[carpentersr] I think a conference like this is always an opportunity to " say something" or present something... sort of like a companies earnings conference call where you will find out something new the company has been working on or a new contract of some sort

[Shredd] but for many financial institutions to invest or participate in a govt bond  they gotta have an internationally traded currency

[campdav] WOWZA

[Shredd] doesnt have to be "strong" necessarily

[campdav] Huge

[Shredd] but internationally traded thats a fact jack

[grashopa] convertible

[Shredd] right see, many of our accounts at the bank trade mutiple currencies and multiple denominated securities bond   stock  trusts  equities and so on  and they can legally pariticipate in iraqs govt bonds  but only  and ONLY if it is an internationally traded currency  huge

[Shredd] this conference  will set the global investment expectation and the possible gains are huge ] i mean look at what backs it  oil  the reserves we've seen grow the monetary strength is there

[Shredd] that's what investors at this conference are looking at and already know exists in Iraq and they have confidence  and thats when we will see them eat up these bonds this article is talking about it.

[Shredd] Also, do you understand what a bond is....i mean behind the scenes? It's Iraq selling it's debt promising to repay interest.....that's gravy to the investors bonds have been getting a bad rap for quite a while especially sovereign (country) bonds so, for Iraq to be issuing govt bonds is huge

[Shredd] also, in the bond market in most cases bonds aren't brought to market until the underwriter and the issuer (in this case, Iraq) know there is appetite for the bond so, again, this is huge

[Shredd] why? cuz the interest has already been expressed!  investor interest, demand and appetite steer the economby  economy  don't believe me? take a look at the global financial crisis  more specifiacally, the housing market  which most say is how it all started in the first place

[Shredd] what drove that insane mess? it wasn't the banks  it was investor demand ] investor appetite they were seeing amazing returns I was paying many of them! I know this! they were getting 14% + that is insane

[Shredd] so, my point is investor demand and appetite drives investment  and before debt comes to market like govt bonds there has to be faith in that demand now, bring us to this week's conference it all comes to the table, right?  look at the agenda

http://www.iraqfinance.co.uk/

[Shredd] buyers are looking at the showcase of Iraq's investment opportunity so, that article above is great, it really is

[Shredd] i always knew that when Iraq was about to break out into the market, I'd know what to look for since I've worked with this kind of stuff for over 10 years. So nice to see it in the news!

[Shredd] Shredd - out

DINAR GURUS UPDATE, 17 SEPT

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.  [post 1 of 2....stay tuned]

9-17-2012  Newshound/Intel Guru BGG   Article quote:  "President Jalal Talabani will arrive in Sulaymaniyah at seven o’clock this evening.  ...Talabani will meet immediately after arriving in Sulaymaniyah with members of the Political Bureau of the Union."   This is what we’ve been waiting for...let’s hope it all goes well.

9-17-2012  Newshound Guru Med    RIGHT NOW IT SURELY SEEMS THAT CBI IS REALLY MOVING QUICKLY ON GETTING IRAQI BANKS RECOGNIZED...THIS IS IMPORTANT.  WE ALSO SEE HOW THEY ARE DISCUSSING WHAT KIND OF WAY THEY WILL USE  TO CONTROL THE EXCHANGE RATE.  I PERSONALLY STILL THINK IT WILL BE THE BASKET.  WE HAVE THE SUMMIT...IN THE UK IN LIKE TWO DAYS...SEEMS THAT SHABS IS OUT TO SELL A BILL OF GOOD...MAKING HIS PLUG BEFORE THE RV.  TO ME WE ARE WITHIN POSSIBLY 10 DAYS OF AN RV BUT IT COULD GO TO END OF NOVEMBER,  EARLY DECEMBER  DEPENDING ON HOW THE BUDGET IS MOVING ALONG.

9-17-2012  Intel Guru TerryK     3.86 IS WHAT I GOT YESTERDAY  .0032 IN THE GAZETTE.   WAS TOLD .0032 WHICH CONVERTED IS 3.86.  [hmmmm...there must be some confusion, these numbers don't add up?]   THATS WHAT IT IS TO COME OUT AT, WHAT IM HEARING, SO YEP A RI.  TREAT AS RUMOR.  GOT THAT TWO DAYS AGO.  WE DID VERIFY THAT THE LOW DENOMS ARE OUT BUT NOT OF ANY VALUE.  [have you heard anything about the dong recently??]  .62 is what i got last week and it WILL GO WITH THE DINAR, MAKE NO MISTAKE.

9-17-2012  Newshound Guru 8Ball   Talibani coming home...agreement with the Kurds...the next logical step is that the security ministers will be appointed...

9-17-2012  Intel/Newshound Guru Poppy3    [Referencing Poppy3 post 1 of 2, dated 9-16-12]   I AM THINKING FROM READING THIS IT SAYS EXACTLY QUOTE ( IRAQ HAS A TOTAL OF 76 TRILLION IN CURRENT MONETARY ASSETS )THIS MAY BE COUNTING ALL OIL GOLD ETC IN ASSETS. NOT JUST DOLLARS. AND I AM SURE THAT IS IN TRILLIONS.   I WILL CALL...A FRIEND OF MINE...THAT WAS ONE OF THE FOUNDERS OF ERNST & YOUNG The group that did the audit and get him to explain for sure because I was thinking Billions not Trillions but i assure you I have a copy of the report page and it says Trillion.

SWFG, KAPERONI, DOC & BOB POST, 17 SEPT

9-17-2012 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.

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.
 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.  


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.

BWM CHAT, 17 SEPT


averysgrampa: BWM Excuse me sir, I was just wandering, at this juncture what are your thoughts on the imapct that the Quantitive Easing will have on this outcome, and perhaps will it expedite this investment at all?

BWM: averysgrampa there are a couple of thoughts on that (since you took the trouble to google what QE meant)

[BWM] first, the banks needed hard currency in order to fulfill the cashin procedures.... let's face it, everyone who cashes in has been programmed to asked for "some" money... so unless they limit us to like 50 bucks each they won't have enough hard currency to operate daily business AND allow us to gather cash... so it would make sense that this QE was about actually printing hard currency as part of the process...

[BWM] secondly, while I don't think this will "hide" the process it will be an explanation for the amount of hard currency available now to dinarians and others. If the fed now says there's 40 billion more dollars available a month it will make the idea of ppl at the bank a whole lot easier to explain
[averysgrampa] BWM Seriously i was wondering if when we actually RV or RI how the banks were going to give everyone say $1,000 a piece or $5,000 or what ever and still do buisness as usual

[dove] BWM since timing is always a question and it comes from allways (for gramps sake) could the release of QE3 be indicative of timing?

[BWM] averysgrampa don't be surprised if there still aren't "limits" modified for this process... something like a lower amount OR a period of time before you can extract over a certain amount of cash from your account... just something to prevent a run on the bank... if customer A doesn't know about the dinar and they see 7 other customers remove large amounts of cash they will panic...

[dove] for release of the currency changes

[BWM] dove I don't think it was part of the original plan... but it has become a convenient solution to several issues... the money will "technically" be backed just not the way it's written up or intended

[dove] Thanks BWM... still - perhaps the banks will handle the currency exchange customers away from the teller lines to avoid shocking another non-dinarian customer...as was mentioned quite a while back for security reasons... now if everyone will walk out and do cartwheels after they get home instead of the bank parking lot

[BWM] dove yeah the original process will be more secure... but lets say that they make you wait 30 days to pull anything over say 500 dollars... and we all show up in a month and want to get 5000 dollars now... some branches will handle you privately with your new private banker but remember there are a lot of ppl not used to the process...which means they go to the teller first and then get escorted away and inquiring minds in the back of the line now want to know why you suddenly get royal treatment...

[dove] true

[BWM] course down here we'll all just go thru the drive thru with a wheelbarrow

[averysgrampa] SERIOUSLY...........I goof and clown and say insane things in here but I personally am going to take the advice i have been provided with by our admins and intel providers, and do the right things to protect what i have been blessed with, and in addition will wait till i get home to go nuts and scream!

[dietcokeandice] BWM now Glen Beck is stating that your US Dollars are NOT goint to be worth anything shortly----must get hard assets

[BWM] dietcokeandice here's my issue with that... if our currency is worth nothing then we will become a third world nation... and considering the buying power we carry throughout the world (especially to china) how could our currency be worthless without completely affecting the global economy that they just tried to fix

[BWM] dietcokeandice consider the problem with the U.S. having to purchase with hard assets... with our yearly spending, is that possible.. some things have not been thought through logically... is there enough gold to back all our currency AND try to hold for hard assets...

[BWM] dietcokeandice hard assets will become a barterable currency... which will do just that... What's it worth to you...

 [dietcokeandice] BWM worth a lot except i can buy no $$$$

[BWM] dietcokeandice that's why I will hold several other hard currencies...

REIDAR VISSER POST, 17 SEPT


9-17-2012 Reidar Visser (Modern Iraq Historian): It looks as if it is going to be a long session for Iraq’s parliament today, so here are some initial reflections on the reported vote by parliament to approve 8 out of 9 new members of the country’s independent electoral commission (IHEC).

All that follows is based on the assumption that initial press reports about the vote and the identity of the new councilors are correct. The official parliamentary report is due later today and should be taken as the final word. For many weeks, the battlefront regarding the make-up of the new electoral commission board has concerned its size.

The decision last week to keep the current size of the board (9 members) was seen as a setback for Prime Minister Maliki, who had apparently hoped to expand the board to 15 with the aim of diluting the political influence of his enemies.
It can be worthwhile, therefore, to begin with a brief look at the political composition of the new board and compare it to the old one. Most reports suggest that of the 8 new commissioners, 4 are from the Shiite alliance (two from Daawa, one from ISCI, one from the Sadrists), two are from the secular and increasingly Sunni-backed Iraqiyya and two are from the Kurdistan alliance. There is an unresolved question as to whether a final ninth member of the commission, supposedly a minority representative, will be a Turkmen or a Christian. Compare this with the previous IHEC, which pre-dated Maliki’s rise to power. It also had 4 Shiite Islamists, but only 1 was considered close to Maliki – the rest being closer to ISCI, Fadila and the Sadrists respectively. There were 2 Kurds (same as today), but Iraqiyya had only one commissioner close to them, the two remaining members of the board originally having been considered close to the Shiite Islamist Tawafuq alliance.

On the balance, then, Maliki has apparently seen his position improve slightly, but not a lot. The ISCI-Iraqiyya-Kurdish-Sadrist alliance that threatened him earlier this year commands perhaps as many as 6 seats on the new board. It makes you understand why Maliki had wanted 15 commissioners instead, ideally with some space for his newfound allies in the smaller parliamentary blocs among the Kurdish opposition and the Iraqiyya splinter groups. Today, there were even reports that members of the second branch of Maliki’s Daawa party, the Tanzim al-Iraq faction, were unhappy that the mainline Daawa had monopolized two commissioner seats for the State of Law coalition to which they both belong.

Every little will count, in other words, so it will be interesting to see who the ninth commissioner will be, whether Turkmen or Christian. One Iraqiyya spokesman has already said he is in favour of the Turkmen female candidate, Gulshan Kamal. It should be added in this respect that there is no legal or constitutional requirement that any sect be represented. The IHEC law from 2007 only stipulates that there should be at least 2 lawyers on the board, that the rest should be “experts” in electoral affairs, that they should be politically independent, and that the representation of women should be taken into regard.

It seems the female representation requirement has been given only a very symbolic nod today (in the possible ninth seat for a Turkmen female). The political “independence” criterion hasn’t been taken seriously at any point since the IHEC law was passed. From the legal point of view, perhaps the most glaring question is whether a parliament vote on 8 members is valid when 9 are called for by the law. In any case, attention will now turn to the local elections scheduled for 2013. Perhaps those elections, in turn, can produce some new alliances that can help breathe life into Iraq’s stalemated politics.

BLAINO, JOSEY, 8BALL & POPPY POST, 17 SEPT

9-16-2012 Blaino: I just feel that I have a positive expectancy that they may release this thing just before, as an opening maneuver or at the conclusion, of this London Conference. I know there have been meetings to get things done. I think we are all going to be really happy.


9-17-2012 Josey Wales: The outlook for this week is promising. Meetings will take place, deadlines and ultimatums by large corporations invested with contracts in place. Don’t get caught up in the spin of the turmoil in the M.E. The Global atmosphere needs to change, and something positive will trigger it. Not to say that you will see any mention on Prime Time News. The QE3 could very well be the distraction that lights the fuse for the upcoming RV. Politics, Greed, Global Chess Game are all at play here. If someone says it’s not, they are not looking at this with 20/20 vision. Stay vigilant and keep your head on straight. Our day is coming very soon IMO.

9-17-2012 8Ball: Talibani coming home. Agreement with the Kurds the next logical step is that the security ministers will be appointed.

9-17-2012 Poppy3: I AM THINKING FROM READING THIS IT SAYS EXACTLY QUOTE ( IRAQ HAS A TOTAL OF 76 TRILLION IN CURRENT MONETARY ASSETS )THIS MAY BE COUNTING ALL OIL GOLD ETC IN ASSETS. NOT JUST DOLLARS. AND I AM SURE THAT IS IN TRILLIONS. I WILL CALL A FRIEND OF MINE THAT WAS ONE OF THE FOUNDERS OF ERNST & YOUNG. The group that did the audit and get him to explain for sure because I was thinking Billions not Trillions but I assure you I have a copy of the report page and it says Trillion.

MED CHAT, 17 SEPT


Med (7:00 PM):    I NEED TO TOUCH ON A FEW THINGS OK FOR A BIT    RIGHT NOW IT SURELY SEEMS THAT CBI IS REALLY MOVING QUICKLY    ON GETTING IRAQI BANKS RECOGNIZED  THIS IS IMPORTANT

    WE ALSO SEE HOW THEY ARE DISCUSSING WHAT KIND OF WAY THEY WILL USE    TO CONTROL THE EXCHANGE RATE

    NOW WE HAVE DONE THIS MANY TIMES    AND I PERSONALLY STILL THINK IT WILL BE THE BASKET

    WE HAVE THE SUMMIT    OR WHATEVER THEY CALL IT IN THE UK    IN LIKE TWO DAYS    THIS NOW TO ME SEEMS THAT SHABS IS OUT TO SELL A BILL OF GOOD    HE IS MAKING HIS PLUG    BEFORE THE RV
     TO ME    WE ARE WITHIN POSSIBLY 10 DAYS OF AN RV    BUT    IT COULD GO TO END OF NOVEMBER EARLY DECEMBER    DEPENDING ON HOW THE BUDGET IS MOVING ALONG

    MALIKI HAS BEEN DEALT SOME SETBACKS    ESPECIALLY WITH KIRKUK    SEEMS THAT TALIBANI HAS JUMPED SHIPS AGAIN    AND MALIKI WAS SHOCKED

    I ALSO SEE THAT ACCUSATIONS    OF CORRUPTION NOW    ARE FLYING BACK AND FORTH    FROM THE NA AND THE LIST

    IF THIS WASNT SO PATHETIC    THAT IT HAS GONE ON SO LONG    I WOULD CHUCKLE    OK THAT IS PRETTY MUCH    WHAT I WANTED TO DISCUSS

    rowboat: have you read harrys new post med

    Med:    I ALREADY MADE THE HEADSTONE    NO ROWBOAT    I AM SORRY I DIDNT

    rowboat: it is inthe whats new

    Med:    OK I EDITED IT    AND READ IT    IT IS A BIT GARBLED

    rowboat:

    what is your take med  i thought also

    Med:  WELL IT TO ME IS TWISTED  IN ONE BREATH    IT SAYS THAT IRAQI BANKS WILL HELP FINANCE COUNTRIES IN TROUBLE    LIKE UK AND US BANKS DO

    THEN IT TALKS HOW THEN FOREIGN COMPANIES WILL INFILTRATE THEIR MARKET    HOW    IF THE COUNTRY IS BANKRUPT    AND THIS PART ABOUT HOW SE ASIA    TUMBLED    BECAUSE OF THIS   NOW COULD IT BE

    rowboat:  i meant deletiom of zeros art  sorry

    Med:    WELL    WE SAW JUST LAST WEEK    HOW ALL WAS GOING FORWARD    THIS IS NOT AN ARTICLE WHERE THEY INTERVIEWED    IT IS AN ARTICLE OF STATEMENTS THEY SAY WERE MADE    UNLESS SHABIBI    SAYS IT    I DO NOT BELIEVE IT

    I DOUBT    THAT HE WOULD LEAVE THIS UP TO SALEH    TO TELL ALL IT IS DEAD IN THE WATER    AND I THINK I AM RIGHT THAT THIS WILL NOT COME OUT OF THE GATE    AT ONE TO ONE

    SHABS GOAL IS TO GET ONE TO ONE    BUT IT APPEARS THEY THINK IT WILL TAKE UP TO 2 YRS    SO WE WILL BE LOOKING AT SOMETHING UNDER .50 CENTS    TO BEGIN WITH

    BUT    YOU DONT HAVE TO CASH IN    YOU CAN HOLD IT    THAT IS MY TAKE AND MY OPINION

    rowboat: i had trouble with it ,it appeared positive at times

    Med:    IT WAS A PRO AND CON    HE SAID SHE SAID    ONLY ONE PERSON I NEED TO HEAR FROM    SALEH IS RIGHT NOW    DOING DAMAGE CONTROL

    rowboat: agree glad you read it ty

    Med:    FOR CBI HAVING TO EXPOSE THEMSELVES    SO MUCH    YW ROWBOAT    HE NEEDED TO GET OUT AND PLAY IT DOWN    HEY I COULD BE WRONG

    rowboat: now i feel better

    Med:    BUT SO FAR WE HAVE CALLED IT RIGHT    I AM GLAD RB

    OK GANG I AM HEADING OUT TO WORK ON MY COFFIN    I WILL TRY TO GET BACK ON    OTHERWISE EARLY AM    GN ALL

    (thank you’s)

    Med:    YW    AND TY ALL 

CBI decides to diversify fiscal policy in 2013, 17 sept


CBI decides to diversify fiscal policy in 2013

Monday, September 17 / September 2012 09:03
Iraqi central bank decided to diversify its financial policies in 2013 through the sale of gold and government bonds and foreign citizens.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh told all of Iraq [where], “The Central Bank has decided to not only his financial selling foreign currency from the dollar to the banks, but will have a monetary policy variety in 2013, through the sale of gold and government bonds and foreign directly to the citizen. “
He added that “the sale of bonds and gold to home will not be a substitute for foreign currency, but falls within the new monetary policy, which could be sold by the citizen or the bank to liquidate financial value and benefit.”
He explained that “the Central Bank is granting called / leave, investment funds /, a company issued its instructions, and function to promote financial transactions of gold bullion and bonds to the citizen, and this company is non-banking financial institution.”
The Finance Committee in the Iraqi Council of Representatives, called for the central bank to cut the foreign currency exchange rate, to reduce the high prices of goods in the Iraqi market.
http://bit.ly/U3Kx0h

Economist: Politicians excuses to delay dropping of the zeros are lame, 17 sept


Economist: Politicians excuses to delay dropping of the zeros are lame

Economist: clinging to the security and economic situation to delay the lifting of the zeroes from the currency, “a lame excuse”
Monday, September 17 / September 2012 11:33
Description economic expert on behalf of Jamil, invoke the security and economic situation, and work to delay the process of lifting the zeros from the currency arguments “flimsy.”
Said Jamil told all of Iraq [where] today, that “everything in Iraq has become a subject of political decisions and moods, pointing out that” one of the paragraphs of the Central Bank Act, allows him to print and change the currency. “
He added that “the Iraqi currency ago by eight years, and Ntgah inflation monetary and frequent banknotes in Balasouk and consumption is part of the currency and the difficulty of the calculation, the deletion of zeros from the currency conveniently very present, and the central bank formatted officially more than a year for this process, which do not affect the purchasing power, but would ease the process of state intervention in the market purchasing, also will give the dinar moral force, and remains the dinar is the main currency in circulation. “
Jamil said that “the lifting of the zeroes from the currency will serve the foreign investor, and the use of the Iraqi dinar in foreign dealings, rather than the dollar, noting that he” does not have any damage, but will be reflected positively on the government banks. “
The economist pointed out that “the currency will be printed in a competent presses has been given forms to accept fraud at the Central Bank.”
The Cabinet decided in its meeting held last April 10 to wait in the application process of deletion of zeros from the national currency until further notice.
The Central Bank of Iraq, and on the lips of bank adviser appearance of Mohammed Saleh, has confirmed to [where], need for Iraq to process administrative reform of the currency cash, and that the project to delete the zeros is a step comes as part of the country’s need to process administrative reform of the currency, in order to reduce transaction costs cash in the economic process, in addition to the need to provide small denominations coins used in daily circulation of small transactions.
The officials at the central bank, as well as some politicians and economists, urged the government to delete the zeros from the currency, and the issuance of a new currency denominations large cash, in addition to a small Coins.
Observers say the government really intends to delete the zeros from the currency as a step towards improving the purchasing power of the Iraqi dinar, but economists played down the importance of this step, considering that the cost of raising the zeros will be greater than the benefit expected from the lifting of zeros.
http://bit.ly/PrFrXg