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DINARESGURUS.BLOGSPOT.COM_________________ _______

Friday, March 22, 2013

RANDY KOONCE UPDATE, 23 MARCH

Bill T did a good job of taking notes during Randy’s conference call, yesterday.


--STILL GREAT WINDOW.  RANDY THINKS THE RV WILL HAPPEN AROUND THE END OF MARCH, 2013.

--AASUME THINGS ARE APPARENTLY GOING AS PER AGREEMENT WITH MALIKI, GIVEN NO MAJOR NEWS ON THROWING MALIKI OUT.

--MALIKI HAS 6 TO 9 DAYS ,UNTIL MARCH 27TH TO MARCH 30TH TO DO ALL HE HAS BEEN ASKED. IF NOT THEN THEY WILL THROW MALIKI OUT.

--SO AROUND SATURDAY/SUNDAY , MARCH 29TH/30TH AND PERHAPS A FEW DAYS FROM THERE, FOR AN RV, OR A WEEK OR SAY MORE IF MALIKI  IS THROWN OUT.  POTENTIALLY MALIKI COULD HAVE 10 DAYS TO APPEAL ANY DECISION, BEFORE AN RV IS HE IS THROWN OUT.  AGAIN, RANDY SAYS VERY LOW CHANCE MALIKI WILL SUBJECT HIMSELF TO BE THROWN OUT.

--EXXON AND ALL OTHER OIL COMPANIES ARE QUIET...SO ALL IS WELL
HERE...OTHERWISE OIL COMPANIES WOULD "WALK".

--IF MALIKI DOESNT DO WHAT HE NEEDS....THEN LOOK FOR LOTS OF "THROW MALIKI OUT INITIATIVES";  RANDY THINKS MALIKI WILL HUGHLY LIKELY  TO STAY...BECAUSE HE REALLY, REALLY  WANTS TO HAVE A CHANCE TO RUN FOR PRIME MINISTER AGAIN SOME DAY.
--BREATH...WE ARE THERE.  RANDY LIKES POSITION OF 6TO 9 DAYS OUT,
29/30/31 MARCH, SATURDAY/SUNDAY/MONDAY

--ESSENTIALLY,  ALL IS THE SAME AS RANDY'S VIEW TWO WEEKS AGO
VIEW....BUT THE TIME APPEARS TO HAVE DRIFTED APPROXIMATELY A WEEK OR SO LATER THAN ...STILL WITHIN MARCH.

--MANAGED FLOAT; 2% FLUCTUATING AT MOST OVER NEXT 90 DAYS.

--RATE WILL BE $3.41.....NOT $7 ++ AS OTHERS ARE SUGGESTING;  1 STEP
RV...NOT A TWO STEP RV.

--$32.50 A BARREL; IRAQ ONLY GETS $2 DOLLAR/BARREL TO USE IN ANNUAL BUDGET; REST GOES TO KUWAIT (5%) AND REMAINDER GOES TO TRUST ACCOUNT FOR IRAQ WHEN THEY GET OUT OF CHAPTER VII.

--OFFICIAL OIL SHIPMENTS ARE AROUND 1.8 BILLION BARRELS/DAY....NOT 2.6 MILLION BARRELS/DAY.  PURE IRAQ PROPAGANDA ON BIGGER NUMBERS.

--89.1 BILLION DINARS IN 2012 BUDGET; DIVIDED BY $26.1 BILLION USD In
2013 BUDGET , EQUALS  $3.41 RATE IS THE MINIMUM RV RATE TO MAKE THEIR BUDGET.

--$32.5 DIVIDED $3.45 IS WHAT US IS PAYING IN TODAYS DINAR RATE.

--RANDY BELIEVES THAT YOU CAN GET SELL RATE FROM BIG BANKS, AS BANKS DESPERATELY WANT YOUR MONEY...AND YOU CAN NEGOTIATE NOT TO TAKE YOUR EXCHANGE  THE "BUY" RATE OF 10 TO 15% LESS. (COMMISSION).

--ALL CURRENCIES WILL LIKELY BE TAXED AT THE NEW OBAMA RATE OF 20% LONG TERM CAPITAL GAINS RATE;  POTENTIALLY PLUS OBAMACARE TAX...RANDY WASN'T SURE ABOUT WHETHER OBAMA TAX IS INCLUDED, OR EXTRA.

--ERBIL, POWER SHARING,  ALLAWI, SECURITY MINISTERS, ETC ARE ALL PART OF THE DEAL WITH MALIKI;, ALSO SHABIBI BACK AT CBI.

--RANDY POO-POOED WANG DANG (WD) SAYING WD IS SIMPLY WRONG ON 2 STEP RV AND WRONG ON $4.20.

--WELLS FARGO IS GOING TO DO THE RV CASH IN; REGARDLESS OF WHAT THEY SAY; WF NOW SAYS...."IF IT HAPPENS WE WILL DO IT".....AND THEY ARE NO LONGER SAYING OUR CURRENT POLICY IS THAT WE ARE  NOT IN THE IRAQI DINAR BUSINESS.

--KUWAITI  DINAR IS $4.04 SELL RATE; APPROX $3.58 BUY RATE.

--MOVE MONEY OUT OF DINAR CURRENCY; DONT HOLD IN DINAR...WHO KNOWS HOW VOLATILE IRAQ AND ITS CURRENCY CAN BE;  THINK AUSTRALIAN $; CANADIAN $; AND SWISS FRANC,

--TAX DEFERRED TRUSTS; LOOK INTO THAT...GOOD IDEA

--SOME TRUSTS ARE EXEMPT: BUTNMOSTLY RELIGIOUS

--A GOOD TAX LAWYER WILL BE YOUR BEST FRIEND; GET ONE

--IRAQ CAN'T GET BIG DINAR BILLS OFF THE STREET WITHOUT THE RV

--NEW NEWS:  On DECEMBER 29TH, 2012, MALIKI GAVE  BARZANI THE DISPUTED OIL AREAS ; IN TURN, BARZANI GAVE MALIKI THE RIGHT TO ANNOUNCE RV AND INFRASTRUCTURE (WHEN MALIKI WANTS, BUT BEFORE END OF MARCH, 2013) BEFORE ERBIL AND POWER SHARING;

--WELLS FARGO, AND OTHER BANKS, TO GUARD AGAINST COUNTERFEIT, MAY ONLY GIVE CREDIT FOR THE FIRST 50% IN FIRST DAY; THE OTHER 50% IN TWO DAYS.

--RV HAS TO HAPPEN BEFORE THE BUDGET WILL OPEN; BUDGET NOW IS IN
CURRENT VALUE OF DINAR;   IRAQ HAS TO HAVE TO DO AN RV TO MAKE THEBUDGET WORK WITH HIGHER VALUED DINAR. THIS IS WHY EARLIER BUDGETS DIDNT GET OPENED IN PREVIOUS YEARS;  MALIKI COULDN'T GET AN RV DONE ON HIS NO POWER SHARING TERMS.

--ONCE RV IS DONE; THEN CHAPTER VII WILL BE RELEASED, AS IRAQ ONLY
WANTS TO PAY THEIR DEBT IN NEW DINAR VALUATION.

--ONLY 6 to 8 ATMS ARE IN IRAQ, AS THEY DONT YET HAVE THE BUDGET TO
BUY THE 500 ATMS BEING BRAGGED ABOUT. NEED RV.

--EGYPT $5 BILLION AND KUWAIT $500 MILLION, WILL ONLY BE PAID IN
REVALUED DINAR, THUS THE END OF MONTH/APRIL 1ST, DATES BEING DISCUSSED FOR THESE PAYMENTS.

--ALL ARROWS POINT TO LAST  WEEK OF MARCH; COULD IT TAKE A FEW MORE DAYS...SURE....BUT HE DOESNT BELIEVE IT WILL GO BEYOND END OF MONTH.

--IT DOESNT MATTER WHETHER MALIKI STAYS, UNDER THE DEAL STRUCK...OR WHETHER MALIKI  LEAVES. WE WILL STILL GET AN RV.

--RANDY SAYS THAT PARLIAMENT WAS MOSTLY DELAYED OVER THE LAST WEEK AS A RESULT OF A VERY BAD (SUNNI  VS SHIITE) FIGHT IN PARLIAMENT USING CANES TO BEAT EACH OTHER; PEOPLE WERE REALLY HURT, AND EMOTIONS WERE REALLY RUNNING HIGH...

--DONG WILL BE GOOD WHEN IT GOES; BUT NOT LIKELY FOR A YEAR; RELATED TO CHINA RELEASE DECISION.

--RV DOES HAVE TO BE DONE BEFORE CHAPTER VII CAN BE RELEASED.

--JACK LEW HAS NOTHING TO WITH RV.

--NO ONE CASHING OUT IN IRAQ OR RENO YET;  DONT BELIEVE THE STORIES TO THE CONTRARY; EVERYONE WILL CASH OUT AT THE SAME TIME.

--GIVE BUSH 43, CHENEY, AND BREMER CREDIT FOR DINAR; THEY ARE THE
DINAR HEROES, NOT CONGRESS AND NOT OBAMA.

--US CONGRESS KNOWS ABOUT DINAR; THEY WILL USE THE DINAR MONEY TO COVER UP THE GOVERNMENT EXPENSE PROBLEM AND OBAMA CARE MAJOR EXPENSE COMING OUR WAY...SO THIS IS THE REASON FOR CONGRESS OR OBAMA NOT TO PANIC ON BUDGET NEGOTIATIONS.

--MOST NEWS IS REALLY OLD NEWS IN IRAQ (EXCEPT FOR BOMBINGS);  LOTS BEING DONE BEHIND THE SCENES, AND IN BLACKOUT MODE.  MOST PRINTED ARTICLES  ARE POLITICAL PRESS RELEASES ARE FOR UPCOMING APRIL ELECTIONS

--MALIKI WAS TURNED DOWN FOR RV IN OCT 2012; HE WAS TRYING TO DO RV WITHOUT ERBIL AND THE US AND UN SAID NO. THIS TIME AROUND ERBIL IS PART OF THE DEAL AND US SAID YES.

--RV BEFORE NATIONAL MEETING, AS LARGEST MALIKI AGREEMENT BETWEEN MALIKI AND BARZANI WERE SIGNED ON DEC 29TH , 2012.

--NATIONAL MEETING AFTER RV, BUT JUST TO CELEBRATE AND ANNOUNCE ERBIL, NEW GOI, ETC

--NO DISCUSSION ABOUT TALABANI, OTHER THAN BARZANI

--ALL TALK ABOUT DIFFERENT WAYS OF NULLIFYING MALIKI OR THROWING
MALIKI OUT, ARE "TRUST BUT VERIFY" AND WARNINGS TO MALIKI, JUST IN
CASE MALIKI RENEGS AS PER HIS HISTORY.

--RANDY LIKES WHERE WE ARE AND HE STRONGLY BELIEVES WE ARE AT THE END OF THE ROAD;  RV NEXT.  BREATHE!!

DINAR GURUS UPDATE, 22 MARCH

3-22-2013  Intel Guru Redwolf    It is coming.  Look closely at the IMF announcement yesterday, world currencies, Jack Lew and his trip, world power shifts, president announcing we have no debt problem, the lack of concern from congress over our debt, countries backing currencies with gold and you have a pretty good picture something.  This is a day by day thing right now so watch world events very closely.

3-22-2013  Newshound Guru Kaperoni   Press Release:  "IMF Mission Concludes Article IV Discussions with Iraq"   I said this the other day...that if the IMF was not happy with where the banking system was, we would not see the DFI release, talk of UN Chapter 7, the SFA with the USA. etc.  They simply would put it off for another year.  Seeing all this come forward when we do..tells me that they want to get Iraq international this year.

3-22-2013  Intel Guru BOBGETZ6    I would bet you a ton, if I had it that the cash outs you have been hearing, are not true.   Well, from my side of the fence and speaking with some stellar contacts, that would not happen. It should be a all for one event at the same time.

3-22-2013  Intel Guru OCrush   ANOTHER KEY FACT FROM THE ABOVE ARTICLE STATES THE BALANCE SHEET OF THE 2 STATE OWNED BANKS ARE CLEANED UP (BALANCED...START FRESH).  IN CONCLUSION THE IMF HAS GIVEN THE STAMP OF APPROVAL TO IRAQ FOR CHANGE.  THEY CANNOT CONTINUE UNDER THE SAME MONETARY MODEL TO MOVE AHEAD.  THIS IS WHY THEY HAD A 10 MEETING WITH ALL SIGNIFICANT PARTIES.  TO GET ALL THE DUCKS IN ORDER AND GET THE PRIVATE SECTOR TO THRIVE.  THEY CANNOT DO THIS IN THE CURRENT MODEL:))   [post 2 of 2]

3-22-2013  Intel Guru OCrush   Article:  "IMF Mission Concludes Article IV Discussions with Iraq"  We truly are at the end of this ride!  Everyday I checked the IMF site for an Article 4 update (started after the IMF's SBA ended..Feb 23, 2013)  I cannot tell you how excited I was when I saw this today!!  It is dated March 21, 2013.  CHANGES ARE COMING!!!  ANOTHER IMPORTANT FACT IS MR. Carlo Sdralevich FROM THE IMF MET WITH ALL THE SIGNIFICANT PARTIES.  THIS TOOK PLACE IN JORDAN ON MARCH 2 - 12 ...10 DAYS OF MEETINGS....THIS IS HUGE.  THERE IS ONLY ONE THING THAT COMES TO MY MIND, MONETARY POLICY CHANGES.  [post 1 of 2....stay tuned]

3-22-2013  Newshound Guru Shredd   The wonderful buck, the currency that has kept them going is about to leave the building like elvis so, the logical solution is to get the dinar to take its place because this problem can't continue. An economy is the fuel for a country. Some will say iraq can just flood more USD but it is weak and we've see past articles about the concern in the dollar, that's easy to see.   so, this is pushing our agenda folks and what perfect timing, a time where stimulus via the HCL is about to come to fruition, a time where investment at all levels, even lending to businesses is taking place more than ever...so, be excited because this issue is escalating and everyone knows the solution, the Dinar.  [post 2 of 2]

3-22-2013  Newshound Guru Shredd   we know the auctions have been going on for some time and for those who don't get their purpose...liquidity to the people, those who use it. A process which has kept their economy running but now the banks are motivated to hold onto it thus causing a restriction in the availability of the dollar. We've seen a few articles in the recent past that told us that supply is drying up but ...why... a currency vacuum.  so, the issue has grown to this level and it's all PERFECT for us.  [post 1 of 2....stay tuned]

3-22-2013  Intel Guru OCrush   It seems the UNSC has approved the release of Chapter VII with conditions. They have till March 31st (love the timeline) for them to complete the border and compensate the families. Iraq needs to approve the monies that was given by Kuwait to the families...I am praying Iraq will do the right thing (of course they will;)  Cheers to all :)

3-22-2013  Newshound/Intel Guru BGG    Article:  "Urgent...Maliki holds sectarian MPs, officials responsible for recent bombings in Iraq"  He’s basically saying he’ll arrest anyone demonstrating against him…Good luck – that will be a lot of people. On the other hand – the opposition is pretty much blaming Maliki for these events.

3-22-2013  Intel Guru Delta    the order of things to come; the revalue, Chapter 7, then Maliki and politics, but these don’t matter; it’s only the rate we need to see now. It’s all a ONE WAY street! They are committed; they are not going back…it’s already and has been moving…ONLY Forward! They cannot go back.

3-22-2013  Newshound Guru Adam Montana   Now the part that really confuses people is the value of OTHER things such as oil.  if a barrel of oil is currently worth 100,000 IQD and the value of the single IQD is raised  that will NOT raise the value of the barrel of oil, therefore the numerical price tag on the barrel of oil will be changed...so a barrel of oil will not be sold for 100,000 IQD - it will be sold for 100.  [post 2 of 2]

3-22-2013  Newshound Guru Adam Montana   [As the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000?]   Here's what we expect: if the value of your bank account is 25,000 IQD today, and tomorrow the value of a single IQD goes up - your bank account should not change the number. You will hopefully be blessed with the benefit of a higher value account. Similarly, if you have a debit with a specific number on it, such as 25,000, that will not change - you will still owe 25,000.  [post 1 of 2....stay tuned]

3-22-2013  Newshound/Intel Guru Bluedog   everything is going great, the only news out of Iraq is that the Budget will be in the Gazette first of the week...just know alot of things will start the first of April with Iraq so lets hope we see a Rate soon...things will have to be paid retro back to the first of the year...but as far as news they are guarding what they put out right now never seen it this tight on info...article reruns are out from Iraq but not alot of new stuff so hang in there.  CBI was closed today and tomorrow...great time to change figure, IMO.   [do you think the RV can be announced and occur with the CBI closed?]  yes, for sure...some think you have to wait till it updates.  IMO, no you don't they can hit the switch anytime.  [Are you still looking at the 25th to 28th?]  yes hot, IMO...hoping b4 that.

STEVEI UPDATE, 22 MARCH


Platinumroof  said:  I am trying to find out if Talabani can, might or will jam a hammer in the gears of the budget process. I know that if he does nothing it passes but I would like to know the alternatives that exist that have the ability to carry the budget process right into April......Thanks!!

The Shoe, on 21 Mar 2013 - 21:39, said:  He cannot and will not.

SteveI said:I totally agree. This country is moving on and very quickly. I really do expect this before Easter. I feel so good about this, more so than any other time. Finally on track.  Blessings, Steve

Some questions arose from above bold statement from "The Shoe" post and below is Steve’s response:

This forums is an opinion forum last time I looked. I am sorry, but what is there to prove? There is no contest here, just a place where we can all share our opinion right or wrong without being bashed like the other forums do.
  This is all good and I personally think this member is accurate. From what our sources are saying and we have the best in the world, if this goes past April 15th, I personally do not see it happening this year.

However, with the new rate in the budget and it will be revealed very soon despite what others think. Our sources just have too much confidence in the direction this is going. We are reporting and sharing what we are being told and so far, it has been pretty darn accurate. Missed a few days here and there, but spot on other than that.

There is no doubt in my mind (at this time) where this is going and when. Me personally I feel before Easter. I am not declaring this as the official date because all of the other so called experts are doing a fine job doing that ongoing quest for being first.

 I will say this again for the new members, I could give a (hoot) with being first and quite frankly do not want to be first, we just do not want to be wrong. The true winners of this are the Iraqi Citizens, not you and I.

We just happen to benefit when this is done by putting our faith and efforts into investing in this country. Nothing more, nothing less.

 So, I ask that we all just relax (easier said then done) and let them wrap things up and then we can start the next chapter of our lives.

 One more thing, I do not want to see any negatives to anyone for expressing an opinion. We are all in this together and we will finish this together next week.

 God Bless and Happy Easter! Blessings, Steve

THEY KNEW I WAS VERY CLOSE TO BE A MULTI MILLIONARE, 22 MARCH

[bama] Well, i have breaking news from my bank. They called to talk to me about my account so I asked them if the Knew how close i am to becoming a multi millionare? They told me that in fact, they knew I was very close. The lady I spoke with is a personal banker and she told me that

 [okrocks] bama tell her to call me... thanks

[weneedit] bama for real ?

[bama] I have all of the zeros in place in my account that I need and now if I could manage a way to put some whole numbers in front of that string of zeros, I would be sitting pretty lol

MORE OCRUSH UPDATE, 22 MARCH

Hello My Friends' 

 We truly are at the end of this ride!  Everyday I checked the IMF site for an Article 4 update (started after the IMF's SBA ended..Feb 23, 2013  I cannot tell you how excited I was when I saw this today!!  It is dated March 21, 2013.  Here is the link:

Let me show you what excited me:

 IMF Mission Concludes Article IV Discussions with Iraq

Press Release No. 13/87  March 21, 2013

An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion.

The IMF mission met with the Acting Minister of Finance, the Acting Governor of the Central Bank of Iraq (CBI), head of the Board of Supreme Audit, AbdulBasit Al Turki Said, and other Iraqi officials from the ministries of finance, planning, and oil, and representatives from the Central Bank and the Board of Supreme Audit. 
The team also met with representatives from the Iraqi banking and business community.

At the conclusion of the mission, Mr. Sdralevich made the following statement:

 “Following the recent expiration of the Stand-By Arrangement with Iraq approved in 2010, the IMF is committed to continue close collaboration with Iraq to support its development and help the government improve the social conditions and employment opportunities of Iraqi citizens.

 “Despite a difficult security and political environment, Iraq managed to maintain macroeconomic stability over the past two years. On the back of rising oil production and robust non-oil activity, economic growth has remained strong at about 8 percent in 2012.

We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013. In 2012, inflation was contained at 6 percent, and we project it to decline slightly next year. On account of strong oil proceeds, CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion.

 “While we welcome the achievement of a budget surplus of about 4 percent of GDP in 2012, largely due higher-than expected oil revenues, the execution of the 2013 budget should be aligned with available financing and provide for the accumulation of adequate fiscal buffers in the DFI, which suggests to target a budget surplus in 2013.

Public financial management should be strengthened, notably by phasing out off-budgetary spending practices and reliance on state-owned bank financing to support public enterprises. Approval of additional spending commitments during the fiscal year should also be avoided.

 “Financial sector policies are improving, but more remains to be done. The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial. In this respect, the recent steps to clean up the balance sheets of Rasheed and Rafidain in preparation for their restructuring and recapitalization are key.

The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year.

 “Iraq will need to address serious medium-term challenges in order to be able to create the conditions for high and sustainable growth that is necessary to improve the living standards of its people. The economy continues to suffer from severe structural weaknesses such as a small nonoil sector, high unemployment, public sector dominance, and a weak business environment.

In this context, we discussed the role of economic policies in leveraging Iraq’s potential and creating an enabling environment.

“With regard to the fiscal sector, the budget must be managed carefully to maintain macroeconomic stability, meet Iraq’s large social and investment needs while continuing to accumulate buffers to address oil market volatility, and ensure medium-term fiscal sustainability.

At the same time, Iraq needs to strengthen fiscal institutions and public financial management to make sure that the large oil revenues are used effectively and transparently.

 “Developing a stronger financial sector development will require moving away from the current model in which weak state-owned banks dominate the financial sector and enjoy favorable treatment vis-a-vis private banks.

A solid banking system that can support growth and employment will require the full financial and operational restructuring of state-owned banks and creating a level playing field for both private and public banks.

“Finally, while oil-growth is projected to remain high over the coming years, boosting non-oil private sector growth will need a long-term government strategy centered on improving the business environment and opening up opportunities for the private sector.”

YOU SEE...MOVING AWAY FROM THE CURRENT MODEL......CHANGES ARE COMING!!!  ANOTHER IMPORTANT FACT IS MR. Carlo Sdralevich FROM THE IMF MET WITH ALL THE SIGNIFICANT PARTIES.

THIS TOOK PLACE IN JORDAN ON MARCH 2 - 12 (10 DAYS)(SEE FIRST PARAGRAPH).  10 DAYS OF MEETINGS....THIS IS HUGE.  THERE IS ONLY ONE THING THAT COMES TO MY MIND, MONETARY POLICY CHANGES (MOVING AWAY FROM THE CURRENT MODEL:)) 

ANOTHER KEY FACT FROM THE ABOVE ARTICLE STATES THE BALANCE SHEET OF THE 2 STATE OWNED BANKS ARE CLEANED UP (BALANCED...START FRESH).

I ALSO WANT ALL OF YOU TO LOOK AT THE PAST ARTICLE 4 CONSULTATION:  HERE IT IS:

  YOU WILL NOTICE A BIG DIFFERENCE IN WHAT TOOK PLACE THEN AND WHAT TOOK PLACE ON MARCH 2-12 2013.  THE MEETING WAS A GENERIC ONE.  BASICALLY TELLING IRAQ WHAT THEY NEED TO ACCOMPLISH.  BACK THEN THEY WERE ALSO AT A DEFICIT.

 THEY NEEDED TO BORROW MONEY FROM THE IMF'S SBA TO COVER THE SHORT FALL OF THE BUDGET.  THIS TIME AROUND THERE WILL BE A SIGNIFICANT SURPLUS.

 IN CONCLUSION THE IMF HAS GIVEN THE STAMP OF APPROVAL TO IRAQ FOR CHANGE.  THEY CANNOT CONTINUE UNDER THE SAME MONETARY MODEL TO MOVE AHEAD. 


THIS IS WHY THEY HAD A 10 MEETING WITH ALL SIGNIFICANT PARTIES.  TO GET ALL THE DUCKS IN ORDER AND GET THE PRIVATE SECTOR TO THRIVE.  THEY CANNOT DO THIS IN THE CURRENT MODEL:))

 I HOPE THIS HELPS AND BIG CHEERS TO YOU ALL:)

OCRUSH UPDATE, 22 MARCH

From: Ocrush  Subject: UNSC

Hello PD family,

It seems the UNSC has approved the release of Chapter VII with conditions. They have till March 31st (love the timeline) for them to complete the border and compensate the families. Iraq needs to approve the monies that was given by Kuwait to the families. They are using three homes as the condition and I am praying Iraq will do the right thing (of course they will;)  Cheers to all :)

Questions & Answers that came from OCrush Update Below:

Junipermoon, on 22 Mar 2013 - 10:02, said:   Please can someone explain what "three homes" as a condition means exactly....     Thanks for update. Very positive sounding.

z1world    VIP Executive Member  Posted Today, 09:05 AM said: There were a few homes that were either on the the Kuwaiti side or in the buffer zone between Iraq and Kuwait after they redid the boarders.

Giligan  Posted Today, 10:54 AM said: Yes! Dinarista posted the article yesterday @ 1:14 pm, Titled  Kobler: Boundary Work Must Be Completed By March 31st

. Reference the 3rd paragraph;

He said the finalization of the removal of obstacles along the border, in particular the three houses in Umm Qasr, is a "necessary step".

"Understandably, this step is sensitive and politically difficult for Iraq, " he explained. "However, this must be done by 31 March".

LOUTHUNDER UPDATE, 22 MARCH

[louthunder] I am not hearing that it has RV'd but let me just say that I have 3 different bank sources from three different banks at all different levels and they have all approached me in the last week. We are soooo close, I hate to say that but that is what I have right now

CARROLBEAMS UPDATE MORNING TODAY, 22 MARCH

CarrolBeams 3/22/2013 @ 11:44 am EST

[CarrolBeams] hi..everyone..I didn't forget about you..Only know one rumor..It won't go past Monday. It was always said that it would happen on a Sunday..so with the 72 hours to deliver pp's..and banks 
[CarrolBeams] getting instructions yesterday...Sunday emails..sound right to me 
[CarrolBeams] Also..I was doing a little math last night..if ust has between 4 and 5 trillion dinar..and the Dragon traunched in 304 Trillion to cover the wf bank rv..it made sense that those pp's had to be done first..or there wouldn't be enough money to cover all the private currency holders 
[Elaine Schembre] CarrolBeams .... Thank u for bringing that up CARROL.... Many don't believe .... The pp are funding the RV.... 
[CarrolBeams] Elaine Schembre yes..the people getting pp's turn them in..and that helps reset our broke banks 
[CarrolBeams] also..St. germaine fund gets released only on Christmas and Easter..it is tied up with the rv..so..it's like a huge puzzle..have to put all the pieces together 
[DinarHunter] CarrolBeams I had never thought of the PP's being a bank bailout. 
[CarrolBeams] goldeagle heard all documents are signed 
[CarrolBeams] DinarHunter yes..they are 
[goldeagle] CarrolBeams I know, but my question is a timing issue. If Lew signed off yesterday then that is when the 72 hour clock begins. Yes? 
[CarrolBeams] goldeagle banks got instructions yesterday to start deliveries of fines and penalties..part of pps..the part that funds the banks..and have a 72 hour window to complete the process 

[Lady Sarah] jtolsn CarrolBeams This coming sunday is Palm Sunday all part of the Easter observance 
[CarrolBeams] Lady Sarah exactly..nothing was left to chance..it's all in the timing 
[goldeagle] CarrolBeams Just to be clear. Don't the PP holders get the certificates connected to the off shore program funds whichh ave nothing to do with the PP's themselve?s 
[CarrolBeams] goldeagle not what I heard 
[CarrolBeams] it's huge..and so much involved..takes a while to put it all together 
[CarrolBeams] I, personally, get total brain drain sometimes 
[THJ] CarrolBeams What are you hearing about the implimentation of NESARA. Will we start seeing it along with the RV? 
[CarrolBeams] THJ always heard this:...in this order:..pp's..rv..nesara.. 
[goldeagle] CarrolBeams Maybe I wasn't clear, but my understanding is that the F&P is separate from the PP's correct? 
[CarrolBeams] goldeagle part of pp's 
[CarrolBeams] oucrazy up to 72 hours for delivery...but remember..people getting them..then get escorted to banks..fill out paperwork..I..think..Monday we see it COMPLETE 
 [vb] CarrolBeams with regard to mortgage forgiveness does that include all mortgages...i.e primary residence..vacation home...investment property...business property 
[CarrolBeams] vb that's a wait and see question 
[CarrolBeams] vb did you read the Chicago Plan 
[rickt123] CarrolBeams...Soo good to see U. Question? You are saying Monday however, If the St Germain trust is tied to the RV, is it posible the RV will be held up until Easter or after? 
[CarrolBeams] rickt123 noo..only that rv has to happen first..and St. Germaine can only be released Easter and Christmas..so I would say perfiect/divine timing 
[modynell] Do banks have to give notice to the public that banks will be closed or will they just close no notice? 
[CarrolBeams] modynell can be announced under martial law as emergency bank Holiday here. 
[CarrolBeams] use cyprus as example of what could happen 

[CarrolBeams] kokla that's what I think..also..after some thought..Sunday is best day for annoucements..everyone..or most everyone home 
[Diogenes] CarrolBeams Good morning. What I can gather from your posts so far, we are kind of in a wait and see mode, but everything is done? Is that correct. Thanks as always for your information. 
[CarrolBeams] Diogenes oh Yeah 
[CarrolBeams] ok..be back..later.. 

---------------------------
CHAT 8:30 AM
[CarrolBeams] Good morning 
[CarrolBeams] I was happy to wake up and NOT see a Black SUV 
[CarrolBeams] HAHAHA 
[CarrolBeams] brb.will post a summary I did 
CarrolBeams] IN..CASE anyone missed this last night:..from xxx:Call just said this in addition to what Carrol has said today and what I have had confirmed in agreement with her. Today at 3PM EST, a bank Pres went down to his bank and had the bank closed early. The Pres then began to have a meeting with 60 other bank Pres telling them about what was happening and going down. Source also said that FIPs are going out tonight and tomorrow as they have 72 hours timeframe from which to deliver them after they have been released into constructive receipt or whatever that is but once the FIPs went into the constructive receipt yesterday, it could not be turned back. 

[CarrolBeams] and then ..I rec'vd this as confirmation of above: before end of business today bankers were giving the bank packages I think... that you friends info above was a pre meeting with the pres. for the delivery of the bank packages to distribute to their branches 
[CarrolBeams] so..we can Surmise..that if they have 72 hours..from yesterday to complete the deliveries..then, perhaps our announcements and emails could possibly be delayed till Monday. Some LATE information last night was to EXPECT to hear something FRIDAY..but...COULD take up until MONDAY.. 

[adonaisgrace] ...What is an FIP? 
[CarrolBeams] fines and penalties..that are part of the pp's..those that get them..(it is my understanding) go to the banks and deposit them in exchange for gold certificates. Then..this funds the banks..because we know..due to their Ponzi derivative schemes..banks are broke.. 
[CarrolBeams] then the banks have new guidelines as to what they can do with the money..one thing is the big five have to help fund the smaller banks.. 
[CarrolBeams] this, from the way it was explained to me, is the bank reset... 
[eddyeagle] CarrolBeams...do you know if T.K. got his pp last night that he was waiting for. 
[CarrolBeams] eddyeagle no..from what I was told..they sign an NDA..so we won't be told. A couple of friends of mine are getting them..so, I know when they don't show up..it's done 
[CarrolBeams] THJ nah..was told they were supposed to be on TV last night.. 
[CarrolBeams] http://www.myspace.com/t ??? 46786298 
[CarrolBeams] from above:Message to Bernanke: You have now totally enraged the American People. You have not worked to re-collateralize the banks, you have continued to give them free casino chips using American Taxpayers' money and let these crooked banks continue to make bets and crooked derivative trades using the savings deposits of American citizens as collateral. You are NOW GOING TO BE ARRESTED!!! 
[CarrolBeams] free rumor...but ..there are supposed to be 170,000 bad guys arrested 
[rich17] CarrolBeams I'm not asking you to reveal your source who gave you the information...but Who is the person or agency that sends the message to Bernanke that you posted above? Who has that authority? 
[CarrolBeams] rich17 heard, interpol 
[Midnight Blue] CarrolBeams on iphone can't get to.So are we on for today with announcements and bank closures or if not when?? 
[CarrolBeams] Midnight Blue all..I can say..is..it's like a baby..we're in labor..expecting deliveries..but up to the baby..Noone..is going to ever have the exact time 
Mar 22 8:30 AM [Elaine Schembre] Midnight Blue .... jerk 
[justincase] CarrolBeams What about a c-section? Not about the baby... maybe someone needs to step up and do that. 
[CarrolBeams] justincase ..be nice..no doctor in the house..it's a home delivery 
[js86901] Carrolbeams so did I read we are pushing it til Monday? 
[CarrolBeams] js86901 just a guess..if they have 72 hours to deliver pp's from yesterday 
[Ok2bhappy] Carlbeams so are the banks closed for the next 3 days? 
[WTCUTTER] CarrolBeams last night Lou Dobbs on FBNhad segent on Janet Napolitano buying another 450 million rounds of 40 calbur hollow point ammunition. How does this fit in with your intelligence? 
[CarrolBeams] Ok2bhappy not till we get annoucement 
[CarrolBeams] WTCUTTER heard that they did that in case we have rioting 
[WTCUTTER] CarrolBeams they have purchased 1.6 BILLION rounds to date....Big Riot...USA used on 70 Million round in IRAQ 
[Elaine Schembre] justincase .... not up to iraq.... been out of their hands for a very long time 
[CarrolBeams] ok..I can't answer everything..Elaine Schembre ..you are right..I'll be back..going for a morning walk. 

DELTA UPDATE, 22 MARCH

3-22-2013  Intel Guru Delta: the order of things to come; the revalue, Chapter 7, then Maliki and politics, but these dont matter; its only the rate we need to see now. Its all a ONE WAY street! They are committed; they are not going back its already and has been moving?ONLY Forward! They cannot go back.

IMF Mission Concludes Article IV Discussions with Iraq


Press Release No. 13/87
March 21, 2013
An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion. The IMF mission met with the Acting Minister of Finance, the Acting Governor of the Central Bank of Iraq (CBI), head of the Board of Supreme Audit, AbdulBasit Al Turki Said, and other Iraqi officials from the ministries of finance, planning, and oil, and representatives from the Central Bank and the Board of Supreme Audit. The team also met with representatives from the Iraqi banking and business community.
At the conclusion of the mission, Mr. Sdralevich made the following statement:
“Following the recent expiration of the Stand-By Arrangement with Iraq approved in 2010, the IMF is committed to continue close collaboration with Iraq to support its development and help the government improve the social conditions and employment opportunities of Iraqi citizens.
“Despite a difficult security and political environment, Iraq managed to maintain macroeconomic stability over the past two years. On the back of rising oil production and robust non-oil activity, economic growth has remained strong at about 8 percent in 2012. We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013. In 2012, inflation was contained at 6 percent, and we project it to decline slightly next year. On account of strong oil proceeds, CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion.
“While we welcome the achievement of a budget surplus of about 4 percent of GDP in 2012, largely due higher-than expected oil revenues, the execution of the 2013 budget should be aligned with available financing and provide for the accumulation of adequate fiscal buffers in the DFI, which suggests to target a budget surplus in 2013. Public financial management should be strengthened, notably by phasing out off-budgetary spending practices and reliance on state-owned bank financing to support public enterprises. Approval of additional spending commitments during the fiscal year should also be avoided.
“Financial sector policies are improving, but more remains to be done. The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial. In this respect, the recent steps to clean up the balance sheets of Rasheed and Rafidain in preparation for their restructuring and recapitalization are key. The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year.
“Iraq will need to address serious medium-term challenges in order to be able to create the conditions for high and sustainable growth that is necessary to improve the living standards of its people. The economy continues to suffer from severe structural weaknesses such as a small nonoil sector, high unemployment, public sector dominance, and a weak business environment. In this context, we discussed the role of economic policies in leveraging Iraq’s potential and creating an enabling environment.
“With regard to the fiscal sector, the budget must be managed carefully to maintain macroeconomic stability, meet Iraq’s large social and investment needs while continuing to accumulate buffers to address oil market volatility, and ensure medium-term fiscal sustainability. At the same time, Iraq needs to strengthen fiscal institutions and public financial management to make sure that the large oil revenues are used effectively and transparently.
“Developing a stronger financial sector development will require moving away from the current model in which weak state-owned banks dominate the financial sector and enjoy favorable treatment vis-a-vis private banks. A solid banking system that can support growth and employment will require the full financial and operational restructuring of state-owned banks and creating a level playing field for both private and public banks.
“Finally, while oil-growth is projected to remain high over the coming years, boosting non-oil private sector growth will need a long-term government strategy centered on improving the business environment and opening up opportunities for the private sector.”
http://www.imf.org/external/np/sec/pr/2013/pr1387.htm