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Friday, October 23, 2015

DINAR GURUS UPDATE, 23 OCT

10-23-2015   Newshound Guru Enorrste   The phrase "entering the market" means allowing their currency to become internationally recognized.  We know that because it comes from the world's biggest money controller, the IMF.  In other words, for the IMF the phrase is extremely powerful.  It is synonymous with the phrase "become a world player."  Only a country in Article 8 with an internationally recognized currency can "enter the market" in IMF terms. Of course it may take some time for the actual movement to Article 8.  That is not our concern.  What is our concern is that they begin the float, and the passing of the Investment Law, as KAP and I have said numerous times, is an essential element in making that possible.  Even more importantly for us, however, is that passing that law will go a long way toward allowing the CBI to begin the float.  Once the money starts coming to Iraq the CBI will leap on the opportunity to continue the execution of The Plan.   [post 3 of 3]

10-23-2015   Newshound Guru Enorrste
   Furthermore, foreign investment will inject new money into the local economies, which means that the CBI will be enabled, finally to float the currency.  As new money comes into the economy the only way to avoid inflation (too much money chasing the same amount of goods) will be to raise the value of the dinar to offset those affects.  By reducing the amount of dinar currency in the market the REAL value of the dinar will rise, meaning that the same dinar will buy MORE goods, thus reducing the upward pressure on prices themselves. I was also pleased to see that the IMF is chiming in on this today, stating that early next year will see Iraq "entering the market. This means that they expect this process to take place and that the float will begin early next year.  The phrase "entering the market" means allowing their currency to become internationally recognized.  [post 2 of 3....stay tuned]

10-23-2015   Newshound Guru Enorrste   Article:  "Parliamentary Economy: Investment Law will happen quantum leap in Iraq's revenues"  The very fact that this announcement came from the Parliamentary Committee on the Economy means that this will happen.  I find that what the Parliamentary Committee is saying echoes exactly what KAP [Guru Kaperoni] and I have said for some time now, namely that once the Investment Law is passed investment will flow into Iraq and literally create a "quantum leap" for the economy.  The term I have often used is that it will be like the "wild west" was in the US at the end of the 19th century...foreign investment will mean that the financial crisis will be ameliorated significantly and will allow the government to return to "normal" in terms of salaries, projects, etc.  [post 1 of 3....stay tuned]

10-23-2015   Newshound Guru Millionday   Article quote:   "special election Economic and Social Council took place in the United Nations General Assembly in Enyoryuk where Iraq won 179 votes out of 187 votes in favor, with one country, so Iraq's record return mission in international forums ...MEANS...BACK TO THE GLOBE.  IRAQ IS NOW AN ACTIVE MEMBER OF THIS UN ORGANIZATION... ECOSOC.  THE BEST WORDS IN ONE SENTENCE I HAVE SEEN IN A VERY LONG TIME >>>FROM GLOBAL COMMITMENT TO NATIONAL IMPLEMENTATION.  THIS...IS HUGE NEWS AND...WHY I AM SO VERY EXCITED.

10-23-2015   Intel/Newshound Guru tman23  In the past years they spoke of lifting the 3 zeros and it was DELAYED...needed studied by a committee...We probably couldn't count on 2 hands how many committees kept being formed to study the 3 zeros.  Then they announced delaying from the start of the New Year to June...AND Shabibi said; THE APPROPRIATE TIME TO LIFT THE 3 ZEROS IS AT THE START OF THE FINANCIAL YEAR AND NOT IN THE MIDDLE OF A QUARTER OR THE MIDDLE OF THE YEAR!   This new salary ladder is a good sign. The delay of the investment law is a good sign. The 2016 Budget being completed before the start of 2016 is a very good sign. And citizens not being paid and liquidity being drawn in off the streets is a good sign.  IMO...Honestly, it doesn't get any better than this as a pre-revaluation phase that sets up the revaluation.  [post 2 of 2]

10-23-2015   Intel/Newshound Guru tman23   This whole salary ladder is being talked about moving to Federal Court and challenged. Such a lawsuit brought forth will stymie all other political reforms... And Abadi will lose credibility... IMO, the BEST thing we have seen is this new salary ladder...The World Bank and IMF had comments in the past that the GOI needed to adjust the grossly over paid salaries...Now President Massoum will make 8 million IQD per month 8 times $862 = $6,896 a month or $82,752 a year. That is not going to work, keeping in mind he is one of the highest paid.  Drop the zeros and give the IQD a rate of $2.66 per dinar and the salary becomes $220,120.00 per year...which is the equiv to international standards...when you take all the salaries on the ladder it works out to what their in country pricing index is.  So the question is...HOW LONG BEFORE THE ARE TOLD...AND IMO...The 3 zeros need to be raised with the "back wall" being the start of the new year.  [post 1 of 2....stay tuned]

10-23-2015   Newshound Guru Adam Montana   Keep an eye on that HCL news... when it slows down this time, I think that's when we're on the home stretch.

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