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DINARESGURUS.BLOGSPOT.COM_________________ _______

Thursday, December 11, 2014

R.V / GCR & WILBUR GRODAN TIDBIT, 12 DEC

Rv/gcr:Seems they are trying to getrdone right now as the world turns...the historical bonds are the problem they are in que but not fundinh so its off to try the side door or maybe a backdoor is it true at the last second the cabal would really try a last stall tactic ? Yes......lets see things get done the first moment in my opinion on 12/12 the government of iraq should be pretty stoked as they can currency exchange in the morning in iraq...bottom line if usa exchanges then watch the calander because we are runming out of time before christmas banker holidays

Wilbur grodan :Most likely FRIDAY activation time for RESOURCE BACKED DIGITAL CURRENCY COMPLEX = 1330UTC

DINAR IRAQ & DONG VIETNAM UPDATE, 11 DEC

DINAR IRAQ & DONG VIETNAM :Article – “Assurances parliamentary passage of the budget in the coming days”

“In the coming days”…”in two days”…”next week”…are they working on a budget for 2015…you betcha…are they ready to show us the budget…I doubt it…maybe the “next week” scenario works…after the Cabinet meets next Tuesday in their regular meeting…will the Parliament suddenly grow wings and get this budget approved before the end of the year…possible…they have proven they are capable I think…time will tell.

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One paragraph from the actual report from the IMF: “The IMF will continue to support Iraq through policy advice, technical assistance, and training. The 2015 Article IV consultation discussions with the authorities will take place in the coming months. The 2015 Article IV consultation discussions with the authorities will take place in the coming months.”

I take this as good news for sure, it will not take long for Iraq to meet the requirements for article VIII, consultation in the coming months could happen very quickly! Like January or February for example but the first quarter of the year still feels good to me. I like the report and find it encouraging for sure, they continue to grow despite the difficult circumstances!
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CH7 – DONE! There are a few minor details hanging on it, but for all intents and purposes Chapter 7 is no longer an issue. GOI is ROCKING – With the removal of Maliki and Abadi at the helm, Iraqi Parliament has accomplished more in the last couple months than Maliki did in 5 years… and you know why, of course! Because Abadi WANTS to move Iraq forward, but Maliki …did nothing but make backroom deals that lined his own pockets.

And that brings us to the final piece of the puzzle… HCL. Right now, as you’re all aware, we have been in “limbo” about this thing… and I’m confident in my research enough that I will tell you this: We are INCHES away from a full HCL… but right now, we have an “Agreement” – not a “LAW”.

I know, I know! Those of you that wanted to cash in yesterday and not a minute later… you’re probably mad. But those of you that understand the situation and know that this was always going to take some time… well, you and I are pretty darned excited right now! The HCA is the biggest major step into the HCL that we have ever seen, and I’ll seriously be surprised if this goes more than a couple more months. They are making REAL progress!

S3A CHAT MORE UPDATES, 11 DEC

Gt:Late Afternoon Clues.......

HCL ANNOUNCEMENT LIVE IN IRAQ (I thought this announcement was all Done)

Parallel Budget Announcements in Iraq & Here in the US are Expected NOW

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Stage3Alpha:

OilRat December 11, 2014 at 6:47pm Copied From Twitter

@JCR3758: Good Afternoon all. The quiet is waiting on Intel from Iraq & Parliament on completion prior to official release. Wait 4 confirmations.

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More Guesses to NEW Picture Clues/Intel:

G T December 11, 2014 at 5:31pm

Afternoon CLUES......

Our Day at The Bank is Getting Close

We're about ready to CROSS THAT BRIDGE (with The SLEEPING GIANTS STILL CLOSE BY UNDERNEATH THEIR NOSE)!!

The Budget Issues should be Done ON OR BEFORE '72 Hours

Have your Strategies Ready

Almost time for Applause

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G T December 11, 2014 at 7:21pm Late Afternoon Clues.......

HCL ANNOUNCEMENT LIVE IN IRAQ (I thought this announcement was all Done)

Parallel Budget Announcements in Iraq & Here in the US are Expected NOW

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Mac December 11, 2014 at 7:51pm I have a holy, righteous, and bold anger. If it is indeed true that Iraq's people are waiting to exchange, while suffering to have life's necessities, this is the epitome of EVIL! How dare any WHALES, BANK EXECS, CEO'S, SENATORS, or friends and family of the above EXCHANGE before IRAQS OWN PEOPLE! Oh did we need to put a gym in our SECOND home before the people of Iraq could EAT a hearty meal? What about some electricity? This is ridiculous and stinks in GOD's nostrils! We wonder why the world shakes its head at US! I hope recaps and anyone else picks this up!

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IMF TO MOVE ON TO PLAN B AFTER U.S. SNUBS REFORMS AGAIN.....

Posted by Rick on December 11, 2014 at 9:28pm

IMF to move on new plan after US snubs reforms again

December 12, 2014, 5:48 am

Washington (AFP) - The International Monetary Fund will begin weighing options in January for a new set of crucial governance and funding reforms after the US Congress again refused to ratify the existing plan.

Spokesman William Murray said Thursday that the IMF board would meet next month to weigh "alternative options" to the 2010 reform plan held up by Congress's reticence to endorse it.

"We are following developments on Capitol Hill very closely. Our position regarding the need to rapidly advance the Fund's quota and governance reforms remains unchanged," Murray told reporters.

"Prompt entry into force of the 2010 quota and governance reforms is of utmost importance to preserve the quota-based nature of the IMF, and strengthen its legitimacy, effectiveness and relevance," he said.

The IMF was left hanging Wednesday after US legislators failed to endorse the reforms in the final budget legislation of the year.

After waiting more than two years, the IMF had held out hopes that the reforms, backed by the White House, would be accepted in the huge budget bill that was under discussion this week.

But the bill that emerged from tough negotiations between Democrats and Republicans late Tuesday night excluded the reforms.

The reforms to the Fund's membership quota system -- essentially its shareholding -- would both strengthen the global crisis lender's funding and also give emerging economies like China and Russia greater say in it.

Washington officially supported the reforms in 2010 when they were formulated. As the IMF's largest single shareholder by far, the US ratification is essential to get the necessary endorsement of 85 percent of the membership by voting power.

Fund officials said earlier that they had been encouraged to wait to the end of this year, after the November Congressional elections, for a possible ratification.

In October, IMF Managing Director Christine Lagarde jokingly promised to perform a belly dance in front of Congress if it gave its official approval.

"I will do belly-dancing, if that's what it takes to get the US to ratify," she said.

But continued Republican opposition, both to giving the IMF more funding and also to allowing even a slight watering-down of US influence in the body, again left the reform endorsement out of the final legislation of the year.

Citing the Fund's official work program for 2015 released Thursday, Murray said the board will look at options for a "Plan B" in January.

NO SUPRISE TO ME I THINK THIS WAS ALWAYS THE PLAN....

LINK - https://au.news.yahoo.com/thewest/business/world/a/25754161/imf-to-move-on-new-plan-after-us-snubs-reforms-again/

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US budget leaves IMF reforms in doubt   Posted by Wade  on December 11, 2014 at 2:59pm

Read this article,I think we wont see the RV until this is straighten out IMHO;

http://news.yahoo.com/us-budget-leaves-imf-reforms-doubt-005728882.html

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Rick December 11, 2014  If there is no reform this will be perfect for the BRICS they win by default and I think this was the plan all along.  Nobody in the Congress wanted to be one who signed over control and be blamed for it.

HERE IS PLAN B OUTLINED!!!


Support in the United States for the International Monetary Fund (IMF) is at a new low. The reasons are many and varied, and the IMF is unpopular in many countries, not just among the women and men on the streets, most of whom have never heard of the IMF unless their countries are in crisis, but also among the policy elites. But it is Washington’s failure to back the IMF that threatens the legitimacy of the world’s most important financial institution.

The most recent indicator of US lack of support for the IMF is the failure of the Obama administration and the Congress to incorporate the IMF quota and governance reform agreement of November 2010 into legislation adopted in early April supporting Ukraine. Because the United States has 16.7 percent of the votes in the IMF and the IMF reform package was crafted so that it would only go into effect if the United States formally approved the package, which requires an act of Congress, the US inaction effectively blocks implementation of the IMF reform package.

As C. Fred Bergsten and I note in a letter in the Financial Times on April 10, this has created a potential existential crisis for the IMF as well as a policy crisis for the United States, because the Obama administration was the principal architect of the 2010 agreement. The delay of nearly four years in approving the 2010 IMF reform package has damaged the IMF’s legitimacy and substantially reduced US influence in that institution and in other areas.

The best hope (Plan A) is that the US administration and Congress repair the damage and work together to enact the IMF legislation, which will come before lawmakers again as part of the administration’s fiscal year 2015 budget request.

Absent prompt action to enact the IMF legislation, the administration and the world need a Plan B. In my proposed Plan B, the United States would risk, but not relinquish, its ability to block or veto major IMF institutional reforms. My Plan B has four parts. It would:

First, set aside the 2010 IMF reform package’s three components requiring the approval of IMF members:


(1) a doubling of IMF quotas, which are commitments by members to lend to the IMF and are the principal determinant of voting power in the IMF;

(2) a proportionate reduction in commitments to the New Arrangements to Borrow, which are an additional channel through which 38 members of the IMF can provide financing to the IMF; and

(3) an amendment of the IMF Articles of Agreement to provide an all-elected IMF executive board, instead of the current situation in which the five countries with the largest quotas appoint their own executive directors.1

Second, resubmit to the IMF membership the amendment of the IMF Articles on an all-elected IMF executive board as a stand-alone proposal,2 which would require an 85 percent majority vote for its approval.

Third, amend the IMF quota reform component of the 2010 package and combine it with the 15th general review of quotas.

As part of the agreement on the 2010 IMF reform package, the 15th general review of quotas is scheduled to be completed by January 2015 along with a revision to the IMF quota formula. The revision of the quota formula and the completion of the 15th general review of quotas, which originally were to be agreed by January 2014, are at an impasse because of the failure of the United States to approve the 2010 IMF reform package. The expectation in 2010 was that the 15th review would lead to a further reallocation of quota and voting shares in the Fund away from the advanced European countries in particular.

Fourth, to break the impasse on IMF quotas, adopt a three-part approach:


  1. Revise the quota formula to increase the weight of the GDP blend variable—60 percent GDP at market rates and 40 percent GDP at purchasing power parity exchange rates—from its current 50 percent to 90 percent.
  2. Double total IMF quotas again relative to the size anticipated in the 2010 package.
  3. Provide in the IMF governors’ resolution on the revised changes in quotas that they will take effect when formal consents are received from members with less than 85 percent of the total voting power in the IMF, say 80 percent.
This three-part approach to IMF quota reform offers something to the United States. It further advances IMF reform, while also putting the United States on the spot to participate. The three-parts are an integrated whole.

With respect to the first part of the new quota package, the quota formula, if the revised formula were only based on the blend GDP data through 2011, IMF quotas were again doubled, and increases in quotas were distributed according to the new quota formula, the US quota share would increase from 17.4 percent under the 2010 proposal to 19.5 percent. The United States might want to negotiate away some of this implied increase.

Importantly, the combined quota share of the European Union would shrink from 30.3 percent to 27.2 percent. This would imply a substantially larger decline in the combined EU quota share than the puny reduction of 1.6 percentage points, from 31.9 percent, in the 2010 reform package. This aspect should be attractive to the emerging market and developing countries, in particular if the United States were to cede to those countries a portion of the implied increase in its quota.

With respect to the second part of the new quota package, the further doubling of IMF quotas, the increase in usable IMF financial resources would be about $550 billion, raising the total to about $1.4 trillion. The increase in usable resources would be less than the headline figure of about $735 billion because the quotas of about 25 percent of members are not normally available to finance IMF lending.

This element is relevant because the principal way that voting shares in the IMF are reallocated is via an increase in total quotas that is distributed differently than current quotas. Aside from the governance aspect, an increase in IMF quota resources of this size would merely make permanent the $461 billion in additional financing that is now available from the temporary bilateral borrowing that IMF managing director Christine Lagarde lined up during 2012 over US objections. The increase in IMF financial resources should be sufficient to carry the IMF through to the middle of the next decade, which is the earliest date the 16th general review of IMF quotas is likely to take effect.

The third part of the new quota package is the most radical element, but its inclusion in the approach is dependent on the first two to make the approach palatable to the United States. My proposed IMF governors’ resolution on the increase in quotas would establish a trigger for its implementation defined by approval (consents) to quota increases from members with less than 85 percent of total votes—technically less than 83.3 percent. This requirement would deprive the United States of the capacity to block the implementation of the package via its non-approval of an increase in the US quota. Thus the United States would be forced to put up or shut up.

The Secretary of the Treasury, who serves as US governor in the IMF, could vote for such a resolution by the IMF governors without the approval of the US Congress, and has done so in the past when the US veto was not at stake, for example in approving ad hoc quota increases for several IMF members in 2006. US law only requires that the Congress approve any consent to an increase in the US quota in the IMF.

Consequently, absent action by the US Congress, on approval of the increases in their quotas by other IMF members with sufficient votes, the US quota and voting share would be reduced to about one quarter of its current size.3 US capacity alone to block other institutional changes in the IMF would lapse.

The lapse likely would be temporary because normally countries that have not yet consented to increases in their quotas are granted a grace period to do so after the initial proposal has taken effect. I presume that this would continue to be the practice because the United States would not be the only country that has not yet consented to the increase in its quota.

No doubt, Secretary Jacob Lew would be roundly criticized by many in Congress and US punditry if he were to embrace Plan B. Plan A is clearly superior because the US veto is not at risk. But the United States would be seen in the rest of the world to be exercising its right in a manner consistent with its responsibilities.

Under Plan B, the United States would set an example for other members of responsibility in exercising its rights. This would help to restore the legitimacy and authority of the IMF. The Europeans who have been recalcitrant in agreeing to a reduction in their combined quota share also would be put on the spot in the 15th quota review. At the same time, the major emerging market and developing countries, which would benefit from the resulting reallocation of quota and voting shares, would come under increasing pressure to act more responsibly in their policies, for example, with respect to exchange rates, reserve accumulation and investments, and transparency and accountability in these and other areas.

1. See Edwin M. Truman,IMF Reform is waiting on the United States, Policy Brief in International Economics 14-9,Washington: Peterson Institute for International Economics, March 2014.

2. The proposal was part of the 2010 IMF reform package, but its approval was linked to the increase in IMF quotas and redistribution of IMF voting power.

3. Under the 2010 proposal the US quota would approximately double, and under the approach of Plan B it would double again so that, absent US consent to any increase in its quota, its original quota share would be approximately one quarter of its current 17.4 percent. Because the United States and probably a number of other members would not yet have consented to the increases in their quotas, the reduction in the US quota share would not be quite 75 percent.

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Wade > Rick Glad to see someone else that understands the whole picture and inner workings of the system. Touche' my friend Touche!!

Rick > Wade Yea I dont deal with hopium I like the real deal facts....  The U.S. is beating the war drum because they dont want to change over to new paradigm of money they want to keep doing what they are doing  with derivatives and the federal reserve.  This is the problem the U.S. agreed back in 2010 now they rejecting the change holding up the entire world and isolating itself making our lives harder when things could be changed in a blink of an eye. 

We are heading into the year of the Jubilee and China and other countries want to wipe out the debt and start a new way for mankind with no poverty and no wars.......

Wade  
:As you will read in the latter part of the article it's time for "Plan B"

ADAM MONTANA & TMAN23 TIDBITS, 11 DEC

12-11-14 Adam Montana: [I read Iraq is having a cash crisis. They are cutting their pay. How does this affect the dinar rv?] There's no cash "crisis" from what I have read - actually, the opposite. The bigwigs have elected to take a pay cut, most likely understanding that doing so will free up cash and budget to help the CBI increase the value of the dinar, so in reality they aren't taking a "cut" - they are taking a STAND for the increase of the value! 

12-11-14 
tman23: I just read Kaps new take on the Market Rate... That said...You mean to tell me that all the hoopla posted before about them being at 2% of compliant was wrong...and now they need to be under 1200 for at least 90 days starting errrrrr yesterday.

The FACT is that most MAJOR market economies float their currency...Iraq is not even close yet...And that is why IMO there will be NO float!!  And from economist and the CBI past articles...The BEST time to raise the 3 zeros is at the beginning of the year...NOT IN THE MIDDLE!!
This has been a statement several times in the past...And in addition to that is Barzani saying...Kurdistan will not open and operate the ISX under 3 zeros...(but yet the ISX is being tied in with the ESX so how will that work??)...Barzani has a history of doing what he says...And I believe him on this currency issue, he was quite clear! 

MILLIONDAY MORE TIDBITS, 11 DEC

12-11-14 Millionday: THE IMF...INTERNATIONAL MONETARY FUND...ENDING THE WORK IN IRAQ AND THE HUGE WORK WITH THE WORLD BANK TO FUND PROJECTS AND THE SPEED ON THE BUDGET OF COURSE ARE ALL THINGS THAT EXPLAIN WHAT IS GOING ON RIGHT NOW.THE WORLD BANK IS WORKING WITH MOUS TO GET IN INVESTORS AND BANKS ARE OPENING THAT ARE INTERNATIONAL BANKS AND WE KNOW THAT THE GOV HAS ASKED THAT THE CBI DOES NOT GIVE OUT ANY NEW BILLS UNLESS IT COMES WITH THE PROGRAM OF REMOVING THE THREE ZEROS.

THEY ARE IN A HUGE HURRY TO GET THE BUDGET DONE DUE TO DEMANDS OF MILITARY SO THEY ARE WORKING ON IT NOW.  WE KNOW THAT LACK OF NEWS IS ALWAYS A ROAD TO LOADS OF BIG NEWS OR AT LEAST THAT IS WHAT WE HAVE SEEN IN THE PAST. 

12-11-14 Aggiedad77: Article: "Assurances parliamentary passage of the budget in the coming days" "In the coming days"..."in two days"..."next week"...are they working on a budget for 2015...you betcha...are they ready to show us the budget...I doubt it...maybe the "next week" scenario works...after the Cabinet meets next Tuesday in their regular meeting...will the Parliament suddenly grow wings and get this budget approved before the end of the year...possible...they have proven they are capable I think...time will tell.

EXOGEN DIRECT INTEL UPDATE, 11 DEC

Lawsuit Filed by Tier 2 Banks so they can play on a level Playing Field without Crashing.

The Tier 2 Banks are BLOWING THE WHISTLE On The Tier 1 Banks for their Friends & Family Exchanges since Early November......ENOUGH IS ENOUGH!!!

Our Blessing Should Be FULL SPEED AHEAD within or Equal To 24 Hours.

Tier 3 Banks ARE ANGRY & ARE BLOWING THE WHISTLE ALSO on the TIER 1 Banks.

The Pressure IS ON!!!

We Have SNOW.......AGAIN (I KNOW, I KNOW)!!!!

Iraq is READY To START "POPPIN' BOTTLES"!!!!

The Petro Dollar looks like it's going to be "BURNED to ASHES"

China's Fighting Back.....COMING DOWN THE TRACK!!!

HIT THE ROAD JACK......(Petro Dollar & OPEC).

S3A CHAT UPDATE, 11 DEC

Stage3Alpha:

Dr. Mark > Now this is just theory and IMO but if the UAE (Senior lead of OPEC) moves to the Yuan as its reserve currency it cancels the position  of the Petrodollar completely. Essentially forcing countries to trade in Yuan and lowers the oil trading strength of the USD.

So, if Iraq also moves, along with OPEC to the Yuan the US will need to move on their Dinar quickly to exchange in order to either pay the bonds the Chinese hold and I believe will call on those bonds or to take immediate advantage of the oil credits previously negotiated.  IMO.....Checkmate!

UAE to activate China currency swap soon: Official  (United Arab Emerites) http://www.emirates247.com/business/uae-to-activate-china-currency-swap-soon-official-2014-12-10-1.572828    Assistant governor says yuan clearing centre might also be set up in UAE    By Reuters  
....
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THURSDAY INTEL UPDATE!!!
   Posted by EXOGEN on December 11, 2014 at 7:39am

EXOGEN > EXOGEN December 11, 2014 at 1:30pm OPEC VETERAN SAYS THE OIL CARTEL IS NOW POWERLESS   http://www.telegraph.co.uk/finance/newsbysector/energy/11287602/Opec-veteran-says-oil-price-a-disaster-and-cartel-powerless.html

Janie > EXOGEN December 11, 2014 at 1:27pm The first was all astern full - meaning backing up, detouring around an obstacle. Now it's full steam AHEAD. The petrodollar has just been pushed aside by the heavy seas of the NEW "petro" - can you say byebye US Corporation? :)

Vinman December 11, 2014 at 1:21pm Full speed ahead...the petro dollar is hitting the road and ain't coming back.So long....farewell

EXOGEN December 11, 2014 at 1:21pm" So Long-Farewell"

https://www.youtube.com/watch?feature=player_embedded&v=Qy9_lfjQopU#t=0

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EXOGEN December 11, 2014 at 11:09am   HAVE YOU LOOKED AT THIS DOCUMENT

https://app.box.com/s/v9x5dwc1wfgrp69wv3fn

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Vaughn Carey > EXOGEN December 11, 2014 at 11:22am   Sudden Wealth

https://www.abbotdowning.com/_asset/nsw4kt/SuddenWealth.pdf

This is also a good BookMark

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Guesses to Exogens Picture Clues/Intel:

G T December 11, 2014 at 1:44pm

Lawsuit Filed by Tier 2 Banks so they can play on a level Playing Field without Crashing

The Tier 2 Banks are BLOWING THE WHISTLE On The Tier 1 Banks for their Friends & Family Exchanges since Early November......ENOUGH IS ENOUGH!!!

Our Blessing Should Be FULL SPEED AHEAD within or Equal To 24 Hours

Tier 3 Banks ARE ANGRY & ARE BLOWING THE WHISTLE ALSO on the TIER 1 Banks

The Pressure IS ON!!!

We Have SNOW.......AGAIN (I KNOW, I KNOW)!!!!

Iraq is READY To START "POPPIN' BOTTLES"!!!!

The Petro Dollar looks like it's going to be "BURNED to ASHES"

China's Fighting Back.....COMING DOWN THE TRACK!!!

HIT THE ROAD JACK......(Petro Dollar & OPEC)

EXOGEN UPDATE : THURSDAY INTEL, 11 DEC

GtLawsuit Filed by Tier 2 Banks so they can play on a level Playing Field without Crashing 

The Tier 2 Banks are BLOWING THE WHISTLE On The Tier 1 Banks for their Friends & Family Exchanges since Early November......ENOUGH IS ENOUGH!!!

Our Blessing Should Be FULL SPEED AHEAD within or Equal To 24 Hours

Tier 3 Banks ARE ANGRY & ARE BLOWING THE WHISTLE ALSO on the TIER 1 Banks

The Pressure IS ON!!!

We Have SNOW.......AGAIN (I KNOW, I KNOW)!!!!

Iraq is READY To START "POPPIN' BOTTLES"!!!!

The Petro Dollar looks like it's going to be "BURNED to ASHES"

China's Fighting Back.....COMING DOWN THE TRACK!!!

HIT THE ROAD JACK......(Petro Dollar & OPEC)


Vinman:Lawsuit filed. 
Piling on the US for delays.
Penalties being assessed.

Full speed ahead...the petro dollar is hitting the road and ain't coming back.

So long....farewell

BREITLING REPORT, 11 DEC

DINAR GURUS UPDATE, 11 DEC

12-11-2014   Newshound Guru Aggiedad77   Article:  "Assurances parliamentary passage of the budget in the coming days"   "In the coming days"..."in two days"..."next week"...are they working on a budget for 2015...you betcha...are they ready to show us the budget...I doubt it...maybe the "next week" scenario works...after the Cabinet meets next Tuesday in their regular meeting...will the Parliament suddenly grow wings and get this budget approved before the end of the year...possible...they have proven they are capable I think...time will tell.

12-11-2014   Newshound Guru Adam Montana
   [Will there be a deadline for converting in the large Dinars for the small ones, or can I hold the large ones as long as I please without a penalty?]   We don't know if they will instate a "deadline" to exchange the current currency, but I am confident that we will have a minimum of 90 days to exchange our notes. 

12-11-2014   Newshound Guru Kaperoni
    So we all need to pray that the CBI can hold this 2% for 80 more days.  The good news is parliament will return and have 60 days or so to address all the laws, bills etc. we all need.   Until the CBI can prove they can hold at 2% or less for 90 days the IMF will not let them leave Article XIV and move to Article VIII.  I think its important to look at last Sundays meeting with the IMF that the GOI, CBI, MoF were all there...to find out exactly where Iraq was in regards to all these conditions/etc. So now the CBI, GoI, MoF all know what needs to be done.   ...any substantial increase in value of the dinar is directly related to Iraq opening the currency to the world... moving to Article VIII.  Until the CBI is in compliance with the IMF nothing will happen.  [post 3 of 3]

12-11-2014   Newshound Guru Kaperoni   [How can the CBI control the market rate though?]   They control the market rate through the daily auctions that is why the currency auctions are so important its a training tool to prepare them for the day they join the big boys.  So, here is where it is important...its a tough situation to maintain stability under the conditions in Iraq.  So 1203 is no good and 1206 is no good...now, as of Nov 30th the rate fell to 1197 which now clearly is within 2%.  So we can say with absolute certainty the CBI is in compliance at 1197 and that is official as of Nov 30th according to the CBI currency auctions  [How long do they have to stay at that rate?]  ...as the IMF has stated in general guidelines (not specific to Iraq) they must hold within 2% for 90 days so that puts us at Feb 28th, 2015 or March 1 however you want to see it. That is of course that the CBI can hold that rate for that entire time...they cannot wabble at all!  The rate cannot climb back over 1200...this is not opinion, this is the numbers direct from the IMF.  [post 2 of 3....stay tuned]

12-11-2014   Newshound Guru Kaperoni 
  ...many ask all the time "is the CBI in compliance with the IMF or not" and we all look at the numbers and try and figure it out...Official rate/Market rate stuff which is very important.  You see under IMF Article XIV, the IMF is teaching the CBI how to manage its currency and compliance is important to the IMF before they will let the CBI take the next step which as everyone knows would be for them to move to Article VIII.  The IMF told us the answer we all asked...Are they in compliance?  Well the answer in September was no according to the IMF Press Release, the spread in September was 2.6%.  So we can go back to the CBI site, pull up the auction numbers and see what exactly they were and relation to the Official rate/Market rate.  So in September, the CBI published 1203 and 1206 throughout the whole month.  So Official rate is 1166 and market rate was 1203 or 1206 which according to the IMF is 2.6% and not in compliance.  So now we know that the Market rate must be less for them to be in compliance and that calculation is easy to do and we can figure it out...the "golden number" appears to be 1200 or less.  [post 1 of 3....stay tuned]

12-11-2014   Newshound Guru Millionday   GLOBAL ECONOMICS REQUIRES A REALITY RATE TO ENTER THE GLOBE FOR BANKING OR THE MARKET ECONOMY THEY ARE REPORTING THEY MOVING TO -- SO WE SHALL SEE WHAT THEY DO --- INTERNATIONAL BANKING REQUIRES THE ABILITY TO EXCHANGE AND SO DOES TOURISM NO MATTER WHERE YOU GO OR EVEN INVESTMENT WHEN YOU HAVE YOUR OWN COUNTRY CURRENCY.   [To activate the dinar, are they saying it will only revalue in Iraqi or are they saying it will go internationally as well?]   THE CHANGE IN THE DINAR PURCHASING POWER IN COUNTRY WILL RESULT IN THE CHANGE OF ITS RATES COMPARED TO INTERNATIONAL CURRENCIES WHEN THEY ENTER THE INTERNATIONAL MARKET.

12-11-2014   Intel Guru TNT Tony 
  [via Adept1]  There was a meeting in DC two days ago...We are now within the window.   It could be any time to today to the 22nd of December – that is when it ends.  It could start any day but it ends on the 22nd, and restarts after the 2nd of January. Everyone wants to go immediately...apart from one group.  The parliamentary stuff will be done today, and they get to choose their own time.  The US also gets to choose its own time, how it will roll out and who gets to participate. That’s why I’m super-fantastic...The US got everything they asked for, so they should be happy, too.  [Is this coming to an end?]   That’s what we are hearing! 

12-11-14   Intel Guru TD   
   I'M TOLD THAT A CONCRETE DEADLINE OF AUGUST 1st, 2015 has been set for either substantial progress by Baghdad of equal power & economic sharing or else the Kurds will announce to the world their declaration of an independent state. My friend tells me the Kurds are fully serious and committed to this objective. THIS IS NOT A BLUFF!!  In the weeks and months ahead you'll hear a very strong voice from the Kurds regarding this goal.  Given the still very shaky landscape of the existence of a unified country known as IRAQ all other points including of course currency reform are simply mute talking points.   [post 2 of 2]

12-11-2014   Intel Guru TD   Comments from my Kurdish friend (as usual treat all as rumor and do your own sound diligence): The sounds of distrust and disappointment between the Kurds and Baghdad is mounting. The Kurds feel that they may be reliving the same old, same old under the new administration as they did with Maliki and the endless empty promises Baghdad fails to deliver on.President Masum and Barzani have given the Kurdistan Parliament the full go ahead of preparations of their own constitution & functioning formations of their own branches of government to set up in the coming new year.

FRANK 26 UPDATE, 11 DEC

1.) The inners of the 2015 budget. THEY HAVE TO FINISH IT BEFORE THE END OF 2014 ! IMO !!!......... If not then as 2014 they will show You nothing of 2015 BUDGET!!!!!!! This is not something to fear as they accomplish it IMO in the month of December...... without outer disturbance or interferences. IMO ..... Smart.

2.) The Laws from 1 to over 600 of them. They will PROTECT the CITIZENS... RI... BANKS ... INVESTORS... BONDS ... CONTRACT... TROOPS...RV.

3.) IMO ....... THOSE that are in Iraq at this moment but wish to be invisible. 

4.) ............ On TEAM CHAT CC tonight. Still studying it's effects for 1/1/15 up to 3/14/15.

Other than that ........... not much ....... Indeed.......... We have Good Teams.

Little to nothing coming from INSIDE of Iraq but much will come from OUTSIDE of it. THOES that are watching......... IMO.

Like a DISGRACED soldier ......... M is slowly being stripped of everything ......... From possessions he stole to a pride he never earned.

Aloha nui loa and mahalo. 

ADAM MONTANA & MILLIONDAY EXCERPTS, 11 DEC

12-11-14 Adam Montana: CH7 - DONE! There are a few minor details hanging on it, but for all intents and purposes Chapter 7 is no longer an issue. GOI is ROCKING - With the removal of Maliki and Abadi at the helm, Iraqi Parliament has accomplished more in the last couple months than Maliki did in 5 years... and you know why, of course! Because Abadi WANTS to move Iraq forward, but Maliki ...did nothing but make backroom deals that lined his own pockets.

And that brings us to the final piece of the puzzle... HCL. Right now, as you're all aware, we have been in "limbo" about this thing... and I'm confident in my research enough that I will tell you this:  We are INCHES away from a full HCL... but right now, we have an "Agreement" - not a "LAW".

I know, I know! Those of you that wanted to cash in yesterday and not a minute later... you're probably mad.  But those of you that understand the situation and know that this was always going to take some time... well, you and I are pretty darned excited right now!  The HCA is the biggest major step into the HCL that we have ever seen, and I'll seriously be surprised if this goes more than a couple more months. They are making REAL progress! 


12-11-14 Millionday: THE IMF FEELS AS IF THEY CAN NOW HAND OVER THE ECONOMIC CHANGES ETC TO IRAQ -- GREAT NEWS TO SAY THE LEAST. [Is it that the IMF had to give the final say to Iraq to push the button, based on meeting economic reform infrastructure - etc?] CBI IS INDEPENDENT AND HAS THE JOB OF SETTING THE CURRENCY RATES BUT WHAT IS BEHIND THE SCENES HAS NOT BEEN RELEASED AS WE ALL KNOW I STICK TO THE INK SO NO GUESSING. I THINK THAT THE RELEASE OF THE IMF IS A TURN OF A PAGE

MILLIONDAY TIDBIT, 11 DEC

12-11-14 Millionday: GLOBAL ECONOMICS REQUIRES A REALITY RATE TO ENTER THE GLOBE FOR BANKING OR THE MARKET ECONOMY THEY ARE REPORTING THEY MOVING TO -- SO WE SHALL SEE WHAT THEY DO --- INTERNATIONAL BANKING REQUIRES THE ABILITY TO EXCHANGE AND SO DOES TOURISM NO MATTER WHERE YOU GO OR EVEN INVESTMENT WHEN YOU HAVE YOUR OWN COUNTRY CURRENCY.

[To activate the dinar, are they saying it will only revalue in Iraqi or are they saying it will go internationally as well?] THE CHANGE IN THE DINAR PURCHASING POWER IN COUNTRY WILL RESULT IN THE CHANGE OF ITS RATES COMPARED TO INTERNATIONAL CURRENCIES WHEN THEY ENTER THE INTERNATIONAL MARKET.

DINAR IRAQ & DONG VIETNAM UPDATE, , 11 DEC

DINAR IRAQ & DONG VIETNAM : [I heard it need to be close to Kuwait's rate?]

 I think sooner or later that’s probably a goal but I don’t think that’s going to happen immediately, that’s my thinking. What Maliki did is a double edged sword. It will probably move thing along sooner but it probably won’t be as much.

 [Are we looking at 2015 before the exchange will take place?] 

There may be one more major artery of influence from Maliki in the CBI and that may be a potential problem and once that is out of the way…but they need it now. It can happen any time and I think between now and the 1st of the year is an opportune moment.

S3A CHAT UPDATE, 11 DEC


  • Announcements are coming! We are in the best position we have been in so far. Be ready to celebrate, because our time is finally here. We are literally on a moment to moment basis. 11:00 could be life changing...cheers!!

    • Good Morning, Hale Ali'i! Is it possible to clarify about the 11:00? Is that a time in this side of the world's timezone(s), or rather pointing toward announcements in Iraq at the 11:00p.m. news hour? If you can say, much thanks...

    • I think today is when we were told to look for the HB.
      • Alright Team.  I thought I would create some diversion with that guys' pictures.  Thanks for the advice.
        Today was a great step forward and tomorrow should be the step we need to end this thing.  I will have information around 11 and hopefully PT will fill you guys in.
        NIGHT

SQWATCHY TIDBIT FROM S3A, 11 DEC

Sqwatchy:AS I POSTED  LAST WEEK..

FRIDAY IS SIGNIFICANT.....AND SATURDAY WILL BE EVEN MORE SIGNIFICANT.  WE SHOULD BE MAKING APPTS.  IF WE ARE NOT....WELL, THEN THIS COUNTRY HAS BEEN HIJACKED...AND MAYBE WE HAVE THE ANSWER AS TO WHY THE UST IS  BUYING THE BANKERS SURVIVAL KITS.
THIS SHOULD BE: UNLESS EH IS ALREADY GETTING PAYROLL FROM JPM, AND A JUDGES RULING HAS NO MEANING ANY MORE IN THIS COUNTRY.  IT WAS DECIDED...THIS  IS TO BE..AND TO BE THIS YEAR! BOOOOOOM!