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Tuesday, December 31, 2013

STEVE UPDATE, 31 DEC

Hi everyonehandshake.gif,
Just another short update from across the pond about the normal banks looking at foreign currency. 
As all systems go to speed everythingsprint.gif in to the New Year I thought that I would nip into my main city branch of the Nat West where I have a couple of accounts. I went in at about 1.35pm GMT ( 8.35am EST USA ) & checked on the present rate for the Kuwait & Iraq currency to see if there was any movement. I use the Kuwait Dinar as a control element & at today's rate there is no change as it still shows KWD 0.44 to £1 so I need to give them £2.27 ( approx $3.68 ) to get KWD1. The Iraqi Dinar is still showing on the PC screens at 0.0000 which at least means it is recognised but still not a tradeable currency internationally yet.
Let's just wait & see what happens over the next few days with the info we have obtained. If something clicks & it becomes international over the New Year then maybe on Jan 2nd something will show up & we shall all be happysmile.gif & have something to celebrateparty.gif.
All the very best to you all,
Steve

DINAR GURUS UPDATE, 31 DEC

12-31-2013   Newshound Guru Tlar     ...the planning for this project is complete and is just waiting for the proper environment and timing to be implemented.  The CBI has worn out this discussion and has come to a conclusion of what's the right way to do this.  The time for these kinds discussions on how to do it, are way past.  Even the value has been predetermined.  It's the when to do it is the only unknown to the CBI, and I think that there is a good probability that may be resolved too. We just won't know that until it happens.     [post 2 of 2]

12-31-2013   Newshound Guru Tlar
   Article:  "Experts: Delete the zeros project needs to be catalysts for success"  The CBI has been planning this since 2007.  They have targeted it to be done no less than three times since 2009, probably more.  I feel sure that the debate of how this is to be done has long since been resolved and that they have made a final decision.  The timing has been the issue and since 2010 has been described as the bank was waiting on government cooperation to start the project.  Even that issue as of late seems to be resolved...the delays have not been that simplistic and that there are many factors that have caused this project to be delayed...  [post 1 of 2....stay tuned]


12-31-2013   Intel/Newshound Guru Poppy3   The new rate that will be inserted must be one that satisfies article 8 compliance, most notabley the consistency with neighbors like Kuwait. As such, a rate in the range of $3.00 PLUS is expected...I AM LOOKING FOR FURTHER CONFIRMATION...THIS INFORMATION MAKES ABSOLUTE AND COMPLETE SENSE TO ME AND FALLS RIGHT IN LINE WITH...OTHER NEWS BEING PRINTED TODAY.  [post 3 of 3]

12-31-2013   Intel/Newshound Guru Poppy3
   The IQD is currently on a rate of 1166 THAT WOULD NEVER BE ACCEPTED.  When the program rate is removed, the value will be zero. Thus, a new rate must be inserted to make it a legitimate accepted currency. They used this as an argument against those who claim that the rate will be allowed to float up from 1166.  [post 2 of 3....stay tuned]

12-31-2013   Intel/Newshound Guru Poppy3
   WOW...I GOT PERMISSION TO SHARE SOME INFORMATION WITH YOU...---I heard some SOURCE INFORMATION that said the BIS said last week that they'll use the IQD in their 2014 budget and they are CALLING the IQD an asset. Historically, at an 1166 rate the IQD is not an asset, but a liability. They commented that the BIS wouldn't have made this comment if the RV were not imminent. I have not seen the BIS article statements or comments but I trust the people who have informed me.  [post 1 of 3....stay tuned]

12-31-2013   Newshound Guru Millionday
   will they begin with all trade and open it entirely?  they have said yes.  [So do the tariff's mean anything for the RV?]  no but trade does  the tariff is done by percentages...   they are not going to open trade without a reality rate  --  thats right.  [So trade is planned for the 2nd as well?]  we have no ink that says rv on the second but  we have trade on the 2nd.  now think of this...how can they trade at this rate -- they cant,  it will wipe them out and on top of that they have been ordered to apply their reality rate.   they will not trade in USD for a while because their budget is in dinar.

12-31-2013   Newshound Guru tlm724
    Article:  "Kurdistan region terminate agreements budget in Baghdad"   this week as part of the start of the meetings of the joint committee, which agreed to set up last week to end disputes the federal budget for the year 2014...which agreed last week to find solutions to them through the joint committee.   HCL!
12-31-2013   Intel Guru BWM   there’s a lot of folks hanging their hats on the 1st and things happening but as I have stated last week there is some misunderstood information on what they are basing that date on (just like they did the 28th).  As usual, I’m hoping to be wrong but the best information that I am getting is saying no expectations for RV this week…we’ll see what next weekend brings us.

TNT CHAT UPDATE, 31 DEC

TNT:

 [Firefly] The Gazette clearly states the Tarriff law will be in effect on Thursday Jan 2nd 2014

 [bp34] Firefly - don't they have to have a tradeable currency for that

 [fuldon35] The tariffs sound more concrete to me, no matter what US does it is a step in the final direction.

[bananna hands] why cant you have a tarriff at the current rate?

[jaya44a] The 2nd is just around the corner... I'm waiting to see what happens.

[Austin-Powers-For-PM] bananna hands Because you would have an overnight 20% increase in inflation for almost all foreign goods, and since Iraq doesn't manufactur squat, that 20% will go be paid immediately by the general public. If you raise the rate to say, 3.44, that gives the typical Iraqi 3x greater purchasing power, thus overcoming the effects of the tariff.
[mike1422] Austin-Powers-For-PM fols are saying that Iraq is out of money... do you think that the tarrifs will help with the cash crunch

 [wycoffjul] bananna hands This is what Poppy3 said in the forum post if it helps: without the rate change the hcl, tariff and bonds where all useless. They can't produce cash flow without value.

 [Austin-Powers-For-PM] bananna hands Imagine if just about everything here in the States (except food) instantly became 20% more expensive without an associated pay raise. There would be massive discontent in our society. Now take that to Iraq where when they get mad they just start blowing things up and it would make for a very nasty environment.

 [Austin-Powers-For-PM] mike1422Tariffs are designed to help local maufactures work on a level playing field so that they can get themselves up to speed. Tariffs can certainly provide more money to the government, but I don't know if it will be a major part of eliminating their cash crunch.

[mike1422] Austin-Powers-For-PM ok ty

[bananna hands] vietnam has done okay at 20k to 1. this just confuses me

[Firefly] bananna hands True, BUT VN has tradeable currency, Iraq to date has not

 [Austin-Powers-For-PM] bananna hands Totally different senario from Iraq. They artifically inflated their currency to make everything there as cheap as possible so as to attract manufacturers to assemble their products in Vietnam. However you can't use that strategy forever and at some point your currency has to reflect your reality.

 [Firefly] Their release of chapter vii is the only factual evidence I have that their currency must go international

[Austin-Powers-For-PM] Firefly My understanding is that one of the contingent factors in their release from Chapter 7 (not published of course) was that they had to make their currency international no later than January 1st, 2014 or be subject to going back under Chap. 7. Now everybody thought they'd do it wayyyyy before January 1st, but as normal, they and the PTB's have taken this all the way out to right now.

[Moonchild] Austin-Powers-For-PM so you think that the RV will be tomorrow?

 [Firefly] Austin-Powers-For-PM from my understanding you would be correct !

[Austin-Powers-For-PM] Moonchild Well if we look at the tarriffs going into effect the morning of January 2nd over in Iraq, I would have to think that they are looking at releasing this sometime late tomorrow.......but that is purely my speculation.

I4U CHAT UPDATE, 31 DEC

I4U:

[nolaspice] HEY EVERYONE -ITS NEW YEARS EVE!!!!!!!!

[nolaspice] I wish I had magic wand. It would make everyone love being alive as much as I do! It would sprinkle gratitude dust and laughter glitter! My wish for the coming year for us all - that we find a way to feel as hopeful and optimistic each day as we do on New Years Eve! Sending out love to all my amazing friends! Life really is what we make it, so how about making your's fantabulous!

[vic406] (RUMOR) OK I did not want to repeat if all ready known but as of a couple of hours ago I was told that maliki was taken into custody and resigned his power to the military yes its all over aljazera and other Arabic services just got the call from my Jordanian friend

[mbillions] vic406 what is the status on Maliki hon?

[vic406] Millions he has not called back yet but if you give a couple I will shoot him a call

[bailey2..] vic406 I appreciate that

[vic406] So here's the update it seems they focusing on the forty some odd pm,s that walked away from there posts and alwani as well as m giving his authority to the military

[mbillions] vic406 hmmmm I wonder when it will hit mainstream media...

[Stash] I have been watching Iraqi TV and have seen nothing abt that

[mbillions] Stash Stash hmmmm
[vic406] He's always been acuarate but like I said this is what he's getting on TV in Jordan so time delay not wanting to get abroad who knows as soon as I get more I will let ya know

[Papa Bear] Folks I have been asked what effect Malilkas arrest has on our RV .My answer is none because this is a GCR however I would be quick to add if he has been arrested and relinguished power it is good for Iraq and its people.He has kept the pot stirred

MIG CHAT WITH HUB UPDATE, 31 DEC

MIG:

[timo] Never slap a man who's chewing tobacco.

[timo] Never kick a new cow pat on a hot day.

[timo] There are 2 theories to arguing with a woman...neither works.

[timo] Never miss a good chance to shut up.

[timo] If you find yourself in a hole, stop digging.

[timo] The quickest way to double your money is to fold it and put it back in your pocket.

[timo] There are three kinds of men: The ones that learn by reading. The few who learn by observation. The rest of them have to pee on the electric fence and find out for themselves.

[timo] After eating an entire bull, a mountain lion felt so good he started roaring. He kept it up until a hunter came along and shot him. The moral: When you're full of bull, keep your mouth shut.

[timo] The older we get, the fewer things seem worth waiting in line for.

[timo] Long ago when men cursed and beat the ground with sticks, it was called witchcraft. Today it's called golf ......

BLUWOLF POST, 31 DEC

From Bluwolf The last day of the year

Today is the last day of this year, a lot of strain and hurt will expire with its passing, a lot of joy and prosperity shall be embraced with the new year, all hurdles will be matched and overcomed, there will be justice, health, peace and joy scattered to all by the Hands of Jehova and He shall see to it that we all get gratified by our power of faith.

 May you have a most wonderful and Happy New Year close to the ones you love is my most sincere thoughts on my behalf and my family.  Be well, stay safe and just say "IMBUTU"  I exist because of you.

 Lord I declare prosperity upon all, I see all Your works being done, I see all inclined in you managing their incomes wisely (1%) and I see all that are not losing everything within a years time (99%). 

Lord please lead your people guide them through all storms ahead, let them see your calming light, inspire them and keep to your promise of rewarding them and all their generations for them doing Your works. FELIZ AÑO NUEVO, QUE MI DIOS LOS BENDIGA A TODOS. Shala Na'maste Bluwolf

JCR UPDATE FROM TNT FORUM, 31 DEC

12/30/2013 JCR said ---I SAID THAT WHEN THAT HAPPENS THINK OF IT AS THE END OF YOUR WORRIES, END OF YOUR DEBTS AND END OF YOUR SORROWS....WELCOME THE NEW YEAR ANS YOUR NEW JOURNEY WITH THE RV HERE AND THE BLESSINGS YOU WILL HAVE JCR said,,,WE ARE STILL WAITING FOR THE 800#S AND MAYBE, JUST MAYBE, WILL HAVE THEM BY MORNING...SINCE TOMORROW IS A SHORT BANKING DAY...WE MAY START THE NEW YEAR WITH A VERY BIG BAN