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Monday, October 12, 2015

DINAR GURUS UPDATE, 12 OCT

10-12-2015   Intel Guru Jester    I WAS LIKING TO TELL YOU THAT SOMETHING IS HAPPENING ON THE GROUND IN IRAQ... SOME ANNOUNCEMENTS IN THE MOSQUES AND THE TV AND STUFF REGARDING IMPENDING REFORMS... IT IS NOT GOING TO BE WHAT YOU ARE LOOKING...IT IS STILL ALL ABOUT THE BIG PICTURE FOLKS... KEEP WATCHING AND STAY TUNED... IT IS ABOUT TO GET BETTER.

10-12-2015   Newshound Guru firefly   NOBODY GOT PAID EARLY!  Where do banks get their rate from? Unless their is an EXCHANGE RATE THAT IS LIVE, no banks have rates...period....end of story.  The rate will have to travel through several time zones before it goes live.

10-12-2015   Newshound Guru Kaperoni   Article quote:  "Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high."  The real truth is nobody wanted them.

10-12-2015  
 Newshound Guru mike   [new Guru]  Article quote:  "...Iraqi Deputy Minister of Finance said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high."   This is no surprise, the 11+% rate for the sovereign bonds is astronomical, it's 3% higher than Greece's.  So, the WB told them no to a loan, the domestic bonds were slow and now they're cancelling the sovereign bond project, where is Iraq going to get the needed capital to avoid further erosion of the CBI's reserves?  I hope they have a plan, otherwise it's going to be a slow painful decline for the economy, dinar and Iraq.  

10-12-2015   Newshound Guru Kaperoni   Article:  “US Treasury commends the financial administration in Iraq”  Why would the treasury be talking to Iraq about Iraq's relations with international institutions and the global financial markets unless they were planning to engage with them?  Good to see Iraq meeting transparency standards also.  We all know it will happen.  Just when is the question.

10-12-2015   Newshound Guru Millionday   Article quote  “…the implementation of the reform professionalism and rigor and seriousness to achieve real and meaningful results measures reflected immediately on the economy and the citizen and the future of the country…”    THE PROCESS OF ECONOMIC REFORM IS VERY IMPORTANT WITH EVERY STEP FOR SUCCESS.  THE STEPS OF REFORM WILL IMPACT THE CITIZENS AND COUNTRY RIGHT AWAY -- THERE IS NO ROOM FOR HOLD UPS OF ANY PART OF THE PROCESS.  THEY ARE ALL PREPARED AND THE COUNTRY IS IN WAITING MODE FOR THE REFORMS AND ALL THE ECONOMIC REFORMS WILL BRING...  THE REFORMS BEING ACTIVATED WILL CHANGE THE ENTIRE HISTORY OF IRAQ -- THEY WANT ALL OF THESE CHANGES IN HISTORY TO BE GOOD ONES.

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