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Tuesday, October 7, 2014

DINAR GURUS UPDATE, 7 OCT

10-7-2014   Intel Guru TNT Tony   Iraq TV...new currency released today, 10's, 50's, 100's and 1,000's. Economic reform to be completed by 9 Oct. 

10-7-2014   Intel Guru Mnt Goat    Sorry no RV happening today. I want to emphasize however that events in Iraq could happen suddenly and there is often a lag in sending the news west so things could be changing as I write this news letter.  We continue to wait once again for the controversial ministers  to be seated.  You know how amazing this one event is connected to so many other issues and events (i.e. security, budget and reforms implementation). They are all interconnected and like the spiders web. They are all driving each other (interdependent on each other).  The RV is a byproduct of progress not a driving factor. Then when can we expect the RV?  All I will say is what I have been saying all along in that we wait for a formal (global) announcement to the public that the Iraq government is now FULLY formed and seated.  [post 3 of 3]

10-7-2014   Intel Guru Mnt Goat
   
Iraq’s Economy...Iraq’s economy is on the verge of collapsing. This is due mainly now to the funds having to pour into the effort to fight ISIS. We can see article after article on this topic. Once again we can turn to the prior Maliki administration and point fingers to the legacy he has left behind and the long road to cleaning it up. It is also due to the huge ring of corruption in his administration. There are billions of missing funds. The good news is the Kurds are boosting crude output threefold by the end of next year and are now resuming talks with Abadi’s  new central government, signaling that a battlefield partnership against insurgents is helping mend ties with Baghdad...and it seems that full HCL implementation is not far either since oil revenues is going to be the savior for Iraq in the long run and it is forcing the issue. Also this past week Abadi has come out in public and clearly stated he strongly favors full implementation of HCL and Article 140 along all constitutional mandates. It will not be long.  The Ongoing Budget Saga...I  am now told that parliament will hold discussions on the budget this Thursday 10/9.   [post 2 of 3....stay tuned]

10-7-2014   Intel Guru Mnt Goat
   
Update on the Remaining Minister Positions...As you know there are still two of the critical positions in Abadi’s cabinet to be permanently seated. They are minister of Defense and Interior. Currently they are being held as proxy positions by the candidates originally send to Parliament many weeks ago for confirmation. They were rejected then. I am now hearing the front runner candidates are - for the Interior is Hadi al Amri and defense Khaldi Al-Obeidi. It is all about to be settled. So what are the other delays in getting these ministers in place then?  The delay, as I am told, is that  they also need to clean up much of the corruption that has been involved in these ministries. Then they need to put laws in place for future prevention of this long standing corruption that has been going on.  [post 1 of 3....stay tuned]

10-7-2014   Newshound Guru chattels
  ...in this investment, i find it very difficult to believe, digest, and agree, that it is speculative.. i have always argued that term... IRAQ MUST HAVE A RECOGNIZABLE CURRENCY OF THEIR OWN, and de-dollarize, in order to play ball with the rest of the world, the way they have always done... and as our good friend [Guru] HUB has stated over and over, Iraq has had their own currency for many many years, why wouldnt they have one now?

10-7-2014   Intel/Newshound Guru Poppy3
     in oct 2010 the IMF POSTED FOR 3 DAYS ON THEIR SITE THAT THEY HAD APPROVED $3.22 AND UP TO 20% MORE FOR INFLATION DURING THE WAR PERIOD THAT ALLOWS .64 MORE SO THAT WOULD BE $3.86 BUT KEEP IN MIND THEY HAVE DISCOVERED THEY HAVE 26% MORE OIL THAN THEY HAD IN 2010 SO COULD BE SOME HIGHER.  THEY ALSO STATED THEY WOULD HAVE THE HIGHEST VALUED CURRENCY IN THE MIDDLE EAST MEANING THE WORLD BECAUSE KUWAIT NOW HAS THE HIGHEST IN THE WORLD AT $3.58 LAST WEEK.   NOW THIS COMES FROM OFFICIAL CBI PEOPLE NOT SOMEONE WITH NO AUTHORITY STATING IT.  THE CBI HAS ALWAYS SAID THAT WE WILL HAVE 24 TO 36 MONTHS TO CASH IN NO ONE OF AUTHORITY HAS EVER SAID DIFFERENT PERIOD.  

10-7-2014   Newshound Guru Millionday   THEY WOULD BE LOSING MONEY AND WOULD NOT RELEASE THEM AS AN OFFICIAL CURRENCY AT THIS TIME IF IT WAS A LONG TIME BEFORE THEY WOULD BE USED...  IT IS NOT MAKING OUR NOTES OR IRAQ`S NOTES OF 25,000 DINAR ANY LESS OFFICIAL --- DUE TO INTERNATIONAL LAW --CURRENCY CAN NOT BE SIGNED AND USED AS OFFICIAL CURRENCY AND NOT BE REPRESENTED AS AN OFFICIAL NOTE OF DEBT OR DEBTORS NOTE BY THE COUNTRY THAT RELEASED IT.   OUR NOTES REMAIN OFFICIAL AND WHEN THE RATE IS CHANGED WE WILL HAVE A GIVEN AMOUNT OF TIME TO EXCHANGE THEM FOR OUR CURRENCY OR ANY OTHER COUNTRY CURRENCY. THE NOTES ARE OFFICIAL SO LETS SEE WHAT COMES NOW.  [post 2 of 2]

10-7-2014   Newshound Guru Millionday
   THIS CAME OUT...AS OFFICIAL GLOBAL NEWS  "250 dinars...Like CBI B47, but new date, new signature (Abdul Basit Turki Saeed...ALSO 500 dinars...Like CBI B48, but new date, new signature (Abdul Basit Turki Saeed)..." "1,000 dinars...Like CBI B49, but new date, smaller signature, and three intaglio circles at upper left front for the sight impaired. This is the first confirmed denomination in a revised family reported back in April 2014." THESE ARE OFFICIAL GLOBAL CURRENCY -- 250 , 500, AND THE 1000 DINAR NOTE. THEY WERE ANNOUNCED TO BE PRINTED AND NOW THEY ARE LISTED GLOBALLY AS THE OFFICIAL NOTES OF IRAQ -- THE OFFICIAL DENOMINATIONS---- AND THIS IS AS OF...OCTOBER 6TH.  LET ME SAY THIS, THE NOTES ARE NOT USEFUL AT 1166...PERIOD.  THE EXPENSE FOR A COUNTRY TO PRINT CURRENCY IS NOT A SMALL ONE --- AND THEY WILL NOT BRING THEM OUT FOR A RATE THAT WILL ONLY MAKE THEM USEFUL IF THEY NEED A % OF A WHOLE DENOM.  

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