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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, February 16, 2015

R.V / GCR UPDATE, 16 FEB

S3A : 

Am being told not to blink...we still should see this in our viewing sights by thursday


  • Because the bonds are moving that pretty much negates the Ri/rv and moves us straight to a GCR RODE THAT COWBOW....I MEAN ride em young sir. I , I. ...I mean go get em
  • That's the confirmation I was looking for (and expecting). Well done, sir Philip, and I thank you. I just got through emailing someone about that very thought. 

POPPY3, ALREADY BLESSED & R.V / GCR UPDATES, 16 FEB

Poppy3  I ASSURE ALL OF YOU ISIS HAS ZIP TO DO WITH THE NEW RATE PERIOD. 

AS FAR AS IRAQ BEING BROKE...WELL THEY TRIPLED THEIR GOLD HOLDING IN 2014 WHEN THEY BOUGHT 48 MORE TONS OF GOLD GIVING THEM 148,000 TONS AS RESERVE.  

THEY ARE ONE OF THE RICHEST COUNTRIES IN THE WORLD. 

WHAT THEY DO HAVE IS A SHORTAGE OF CASH AND GUESS WHAT WILL SOLVE THAT PROBLEM WITHIN DAYS
.


THATS WHY THEY CAN STILL QUALIFY FOR BILLIONS IN LOANS. 

RIGHT NOW THEY ARE PITCHING SOME CURVE BALL AND IN THE DIRT PITCHES BUT RICH FRIENDS GET READY FOR OUR CLEANUP HITTER TO CLEAR THE BASES WITH ONE MIGHTY SWING AT ANYTIME.
******

Already Blessedwrote
5m ago
FULL OF HOPE....SOUNDS LIKE THE SUNNI'S ARE GOING BACK....THEY JUST NEEDED TO SHOW RESPECT ... THIS IS NEW FOR THEM ALL TO BE WORKING TOGETHER...THERE WILL BE GLITCHES BUT THEY ALSO KNOW HOW IMPORTANT IT IS TO GET BACK TO WORK AND THEY WILL ALL BE DOING WHAT DIPLOMATS AND OTHERS DO HERE....KISSING ROBES AND SMOOTHING OVER SLIGHTS ETC.

*******


S3A

  • R.V. / GCR February 12, 2015 at 9:16am
    The world stopped spinning last night and the sun is a cube planet and the stall takes us to the 16th where the gazette publishes next then you may see the ink on 17th and funded before the eightenth rocksteady my little homies....TIMBER

TNT CC NOTES, 16 FEB

2-16-15 TNT DINAR CC (Notes by Adept1):
Replay 805.399.1500, PIN CODE 409029#
http://events.instantteleseminar.com/?eventid=66025038
Tony:  Good morning, TNT!  Today is Monday, February 16, 2015.  We didn’t expect to be here having this conversation, but there is a good reason we are here. We’ll probably have an hour call here, because the news is all good.

DC:  I was asked by a friend in DC to go ‘west to east’ because it’s President’s Day.  In the USA, the  banks are ready, off lockdown but still on call for whenever this things go down. It’s our strong opinion they will call in the US guys after it is done.  The banks, UST, Homeland Security are all ready.  The latter are a vital part of keeping us safe and catching bad guys, but in budgetary terms, all the three-letter agencies are basically considered essential personnel and therefore exempt from budget cuts.  They will be there, just like the cops.  Many are administrative in nature.  The DC friends I could get hold of today said it’s a lot of posturing, but no one will screw with Homeland Security. It’s a way to fight Obama on immigration, but it’s a loser if there is an attack – who will get blamed.  I work closely with Homeland myself, and it’s the stupidest thing I’ve heard in a long time. There may be posturing, but that’s not much of anything.

In Iraq, everyone was pretty frustrated, and also sad because of the tribal leader who got killed. That caused a pause for everyone because it’s just not sensitive to move forward when an MP and his guard was killed. That’s not the time to do a major economic change.  Was he killed to delay the RV?  Initial reports say that it did weigh into the kidnapping, and also part was retribution. Otherwise, everyone is ready to go. They are getting some last minute banking laws done. They did try to do it again on Sunday but didn’t have a quorum, and they want to get these things nice and straight. There are articles about the Kurdish meetings this weekend and other areas that want their Budget money.  They said to all the governors that “we don’t have it yet.” They are saying that ‘as soon as we get the economic reform, you will get your money’.  That adds to the already intense pressure to get this done, from Abadi’s office to the ministries, parliament, CBI and all the rest.  The US has been hands-off, just keeping everyone in line, and not letting anything or anyone derail this.  The UK has been doing the same, and China has also been making a lot of phone calls to get this done now.  They don’t want anything minor to derail this situation. There might be a slight delay, but not for long.  There are meetings going on now and later this evening.  All senior politicians in Iraq are telling people to relax and let this blow over with Sunnis and a few hotheads causing trouble in the back-ground.  They do have new dates and timelines, but I’m being told that this will be done before the time stated in the articles – the 19th and 22nd are mentioned, but I am told this will happen before then.

In summary, the assassination did cause a delay.  They didn’t get a quorum on Saturday for the last laws. Those laws weren’t absolutely necessary, but also there mood wasn’t right when an MP was killed and his guard by those trying to delay this (amongst other reasons).

Tony:  We know this was supposed to go off on Friday evening or Saturday morning.  The disruption worked, so they may try to do other things to delay this. I looked at articles and comments, and back when we said it would be over three dollars, others said we were idiots who didn’t know what we were talking about – mainly Winston.  Now we saw these same gurus saying it is over three dollars!  Suddenly they said it would be over $3!!  Now others are saying we are hyping it all up over nothing, but now they are saying HCL is done – just like we said weeks ago, behind closed doors.  Suddenly they are also saying the Budget has been signed and passed, just like we said weeks ago.  We tell you the truth as we hear it.  We know this  was supposed to go this weekend so it would be done before the weekend, but it was delayed because the MP was killed.  Abadi and Barzani are now trying to figure out how to explain this and get the laws re-written so it only applies to the parts of the country that ISIL does NOT control. Those are the details they are working out and it makes sense for them to do that.  Once that framework is in place, they can let it rip. They worked on that this weekend, and they don’t have to show that in the Gazette. However, the law says they do have to show it in the Gazette, because it’s the law.  However, they don’t want any ISIL-controlled town to get the RV.  They want other places to have the RV so that ISIL-controlled territories will want to remove ISIL and enjoy the good life. There are many issues like that that they need to look at so that the country can enjoy the RV and get on with life.  There is a deadline for the Gazette, someone will have to implement it, and we are looking very, very good.  We are right on time, and I’m glad the others finally get to see what we are seeing that are not in articles, but that ARE in the real world, with meetings and decisions that we get information about as it happens.  I am happy today – it’s not here but it’s about to be here.

DC:  I’m frustrated it didn’t go through because of the assassination, but it’s going to go through really quickly.

Tony:  We keep saying, “Just do it!” because until the moment they do, these guys who don’t want it will keep doing these things.  As long as they figure it worked for a day or two  days, they will continue doing that.  So just make it happen on time!  Every province is ready, they passed all the laws, they announced it to the people, and they are all saying ‘Where is the money?’  I do believe we will see it this week, unless something stupid happens.

301 caller:  Is there anything particular  required to meet the deadline that you know of?

DC: The deadline has already passed – the 13-14th.  The next set of rules is not needed for the RV.  They just need the quorum to pass those.  The laws are not controversial, everyone is in agreement, and most don’t even know what they mean.  They just need to have the meeting and vote for those few remaining laws, and as a signal of healing and moving on from the horrible events of the weekend.  That should be tonight or tomorrow.  I’m watching Parliament really closely.

832:  This is the gentleman from north Texas… Thanks, Ray, for coming out a few weeks ago.  Are there traps associated with the higher rates, like we talked about a year ago?

DC:  Good question. Traps may be too strong a word. The NDA will be very serious, so if you have a child or relative or someone who has to sign that with you, be cautious.  Keeping some people quiet is almost impossible. They are not going to come after little old you, but you do have to follow the NDA if you sign it.  The groups will go through.  The fees will be higher for the groups and they will pay later than they said, only doling out a certain amount over time. Those are the only traps associated with it.  The tax rates are unclear.  Those are the only issues around contract rates we know about.

Tony:  There may be lawsuits around the groups.

DC:  There are lawsuits that a good lawyer and/or judge can use to lock up the money around these groups. That is not uncommon when there is a big pot of money for a judge to say “you are not distributing anything until these issues are sorted out.”  People can lock up all that money because they think they should be paid in five days rather than 50 days… they can hold it up for years, even though it’s your money and it’s sitting there.

Tony:  I’ve told you for years that you don’t know everything involved in that.  Just hope you are the first one being paid before people get frustrated and take it to court.

Caller:  There was a thread this weekend about how to take 500K and turn it into 2K per month income;  can you say more about that?

DC: The 4% I’ve been referring to is when you talk to estate planners and investment advisers, asking for the most conservative investment, then 4% is what they plan on.  Even in depression periods, you can manage to live on 4% very safely and securely, so that is what I use in my conservative portfolio. Obviously I hope to do a lot better than that.  I am not a financial adviser and I haven’t seen that thread.

Tony, how soon do you think they will flush that stuff out in Iraq?

Tony:  They have already agreed to everything and again we are down to timing.  First, I want to read this to you:  “When will you two admit this is an unstable situation;  you can’t just say every week that this RV will happen really quick.  Just say the truth, that this could take a lot longer.”  That’s like others say, that we shouldn’t tell them what we hear, as we are ahead of the curve.  There are others who still call this a scam.  DC, please explain again that this is the real world and it changes every day – how this works and where we are right now.  Anyone can tell you afterwards, but telling you what’s happening as it happens, that takes insight.

DC:  As Tony has said many times, we are giving you day-to-day stuff. Those who cannot handle this need to turn off the phone.  A lot of us are desperate and have financial issues and need this to move on in our lives – I’m one of them. Everyone in this process from Obama and Abadi down are so fricking sick of this situation and want it to be done.  They were happy this was going down on the 13-14 and then this guy was assassinated… everyone in England, the US, France, China, and Iraq went through the same emotions of frustration and annoyance. This is daily stuff.  You have to be a big enough person to handle this. They were ready and they got slammed in the face. That happens over and over again, and not until it is declassified will we even know how many times.  Maliki was going to do it on this day and then pulled a fast one, again. This is rough, and if you can’t take it, put the money in your sock drawer and have someone call you when it is done!  Some people are hooked into these calls, sometimes shoot happens, and we are all in this process.

It’s a speculative investment and so it attracts a lot of conspiracy crazies.  No one is as good as they think we are;  no one is going to be arrested tomorrow, we are not issuing new currency tomorrow, and everyone needs to take a step back.  No matter what you think of the Obama administration, your cynicism is clouding your judgment.  Whether you like the President or not, it’s clouding your judgment. We all have our bias, and you have to understand that or you will lose your ass over this.  Some like gold, but gold will probably go down after this, in fact.  Get your head around your biases so that you don’t’ get wrong-footed further down the line.  So if the stock market goes to 25,000, and then Obama leaves office, and gets all the accolades, and the stock market goes down to 9,000 – if you are at the mercy of your biases, you will be broke. You need to prepare for what happens if your beliefs do NOT come through. Whether you like or don’t like Obama or Jack Lew, I think most people don’t understand what is really going on.  So stop this cynical crap, get your head straight, and work with whatever happens.  Stop being cynical and nasty, vote to get the politics you want, and otherwise take a straight view at what you need to do in order to take advantage of this wealth opportunity.

Tony:  They changed the laws in Iraq, they did the new banking regulations in order to get this done.  It’s not about calling Obama, it’s about combatting ISIL in their own banking system without dragging Maliki out into the streets and causing more problems.  It’s not a matter of taking Malikii out into the back yard and shooting him!  Real life doesn’t work that way, it’s about being at the perfect moment for all parties.  Everyone was at the perfect moment until that MP was shot.  Once the RV comes and the country changes, then they can deal with Maliki.  This assassination disrupted the RV, and they knew it would.  The Budget HAS been put in the Gazette, we know it has been done, and unless you want them to declare martial law, we have to let them find the right timing again. We know that’s what is going on from people actually involved in the process.  The deal was to do it and make it public at the same time.  It didn’t happen because real life intervened.  We are not making excuses, just telling you how it is.

650 caller:  Obviously we are all disappointed with the goal posts being moved again.  What are the specific steps that need to be done before this is done?

DC:  They would really like Parliament to meet and get back to business.

Tony: What had to happen was what did happen yesterday – for Iraq and Kurdistan to agree what happens in different towns and banks.  So now they get to agree what is the perfect time for this to happen, as we all expected on Saturday.   There were many people in Iraq to see that happen on Saturday.  The only question that remains is whether they publish  it in the Gazette first, or announce it first and then publish.

DC:  I had four separate calls from Iraq telling us to relax before the call this morning.

Tony:  The laws can be done after the RV.   Some of the new laws don’t take affect until the 22nd of February.  They are getting used to their new currency and banking regulations.  They could have already done the vote and we don’t know it.  The dinars themselves… they keep telling you there are not enough dinar printed to go around the country.  These people will be paid digitally, just as we are!  They won’t have to load up cargo planes to send actual currency to pay Germany and France and the UK and US.

Caller:  But they don’t want to pay at the lower rate and give all that money away.

DC:  The reason they don’t want to publish the Budget before the RV is because there is a lot of description about how these issues will be dealt with.  They say “when the currency is reinstated or revalued, then there will be this adjustment”.  So a lot of these laws and procedures blatantly say they are revaluing their currency.  It doesn’t take Sherlock Holmes to work this out!  They haven’t published to be discreet, and to stop too much excitement.  They also go through how to get the five rate back to one rate. Everyone has been trained and trained again on these issues.

717 caller:  Hi to DC, Tony, Pam and the scribe tribe with their amazing flying fingers. I do the verbatim transcripts, and it takes a tremendous amount of time to do that, so thanks for the shorter call.  It’s frustrating when people ask the same questions over and over again.  I hope someone else steps up.  Now, about China and Russia and the pipeline, does that have anything to do with there being no more contract rate on the dong?

DC:  Good analysis, but no.  There is no more money in that contract pool for the dong, that’s all.  Thanks for keeping up with the transcribing!

Caller:  I’m almost used to how you speak, DC!  Do we need to be concerned about another country to pull the switch on us since we’re taking so long?

DC:  We are almost there.  Everyone is on board and they understand about the assassination and giving Parliament more time.  I know some people think this administration is holding things up, but they are not, and I think everyone knows this has to go through very soon or the whole deal will fall apart.

Caller:  [Appreciation]

Pam:  Thank you Zebragirl and all of you who help us so much!

918 caller:  Who or what has absorbed the contract rate pool?  Is it the groups?

DC:  Some groups are attempting to draw on the pool AND the bankers are being strongly encouraged to allow the general public to have some of the dinar contract pool.  I believe the dong contract pool is all gone.

Tony:  He wants to know who used up that dong contract pool.

DC:  I understand the question.  The prior VIPs and general public used up those higher rates, so far as we know.

404 caller:  What is the status of the groups now, according to your latest intel?

DC:  The groups are divided into two sections:  prearranged groups like the Admiral’s group and informational groups like TNT.  They are still planning on those groups having information and some attempt at the contract rate.  Just to keep your expectations realistic, I think it probably that only a small percentage will get the contract rates.

Caller:  Will we still be able to take in one 25K dinar note?

DC:  I believe so, but it’s according to what each bank decides.  It’s very bank specific, so when you call, ask about that.  I would also argue that many of those who listen to us will get in very quickly, so make your call quickly and don’t clog up the line.

Caller:  Is it still fully in Iraq’s hands, given what happened over the weekend?

Tony:  It’s still in Iraq’s hands – it’s Iraq’s MP who was killed, and Iraq that is having the meetings.  We are just waiting for the completion.  The US and IMF are not over there;  the weekend was about Iraq deciding when this was completed.

Caller:  Abadi said something about a surprise on  the 12th;  will there be announcements, or will it just appear?  And what about the window for the banks?

DC: We understand they are just going to do it, and then announcement that the currency value has changed (and therefore prices, etc.), so basically it will be informational after it goes down.  There is also an expectation that when Parliament gets going again, and because there have been so many leaks last week, they just have to get this through. Everyone thought it was going down, and it didn’t and they are talking now.  They will have more spontaneous celebrations afterwards.  They have crowd control people there to keep everyone’s head straight.  People will lose their minds, like us.  They have been starving and they have been incredibly frustrated, so they will want to let off tension.

Pam sent something to me from the chat room yesterday that made my weekend. “let’s not make TNT like Okie’s chat room, because people made him a God.  Tony’s not a God, he hangs out with DC too much!”  I don’t take anyone too seriously, so that made my day.  And for those who think I cannot control my language, I was raised by a grandmother who could whip my ass every day!  Sometimes the language is intentional, just to have fun and rattle the cage a little, so I hope we haven’t offended too many ears.

Nothing is holding this back, not in DC or in Iraq (apart from the assassination and pressures associated with that).  They do want to have a normal Parliamentary session to deal with some laws, but that is not essential.   We are waiting for that to happen.  Meanwhile I’m grateful and humble to be able to have the message delivered to and through us.  Just sit back and relax!

Pam:  The chat room had a lot of fun with that.  GoldenGirl is one of our very helpful mods, and she writes some nice messages to the members.  I know we all feel the same way:  “I would like to offer a heartfelt hug to all of you including the lurkers…  I will miss every one of you and feel so blessed to be part of your lives.”  I know we all agree.

Ray:  Continue to enjoy Marvelous Monday!

Tony:  I know we all expected this over the weekend and I can see the frustration on the boards.  I am not a God.  We thank the people in DC who have helped us, and those in other countries as well.  We take all the  pieces and put them together to form the puzzle rather than relying on any one agency or person for the information.   There are negative people out there and if they have been out there this long, and choose to be idiots… the same thing with gurus.  For years we have been ahead of the curve and now everyone else is jumping on the bandwagon.  That’s okay.  We have gone through it, and many of our sources have as well, having to be friends with DC and all.  Iraq is still going through something, even thought the numbers and procedures are in place. We still don’t have the package, although the last we heard we will have four days to talk to you.  They have agreed, they know their terms, and everyone is still on the same page.  Let’s get this done.  Something should happen this week and we should see it in the Gazette just before or after the RV. Have your Ten Things ready to go, have your plan and your letters.  All you should be thinking is, “It’s already happened;  what do I do?”  not just to get through the exchange but to secure your family’s financial future.  If you do some good planning, you will still have money 20 years from now.  Know exactly what you will do, so that when you get the tweet, it’s business as usual.

So enjoy your Marvelous Monday and tomorrow should be Tremendous Tuesday, because it’s always greater later … hint, hint.  Enjoy your day! 

JCR3758 TWEETS, 16 FEB

@JCR3758: It was determined by Iraq that the timeline for the official release be slightly adjusted due to current situations. They have a new date.

@JCR3758:
 They did review the process this weekend and are technically ready. It is in Iraq's hands. No date/rate but still very close.

@JCR3758:
 The Gazette is not out yet but we understand that it is ready for circulation. We just have to wait.

FUZE POST FROM TNT :THE ASSASINATION TRAGEDY COULD SEAL THE DEAL!, 16 FEB

    • FUZE said
      09:41 AM Feb 16, 2015
    I would hope the leadership in the Sunni population would be wiser than to let this assassination derail all of their hard work! It would not honor the deceased. They should be even more determined now to complete the reforms, investigate and swiftly prosecute the killers and there handlers, which may perhaps lead right back to Maliki! Negating any immunity deal they may have signed with him to get him out of the PM chair without a civil war.
    Send a clear unified message that the years of corruption are over and will never return, no matter how many division ploys are attempted. PM Abadi MUST ACT SWIFTLY AND EFFECTIVE!! Although this was a tragedy to be sure, what an awesome opportunity for him to prove his metal! Seal the DEAL as it were; not just as a deal maker but a non-compromising PM and Chief, who want tolerate any rivalry to the rule of law!
    If the new PM is as smart as we all hope he is...THIS IS HIS MOMENT! But what do I know, this is clearly the way we think in America.
    Welcome RV,
    FUZE    

TNT CC CLIFF NOTES , 16 FEB

TNT CC Cliff Notes - 2-16-2015

DC - I WAS ASKED BY SOMEONE IN DC TODAY TO GO WEST TO EAST.
DC: EVERYBODY ON CALL WHEN EVER THIS THING GOES DOWN, CALL US GUYS IN AFTER IT IS DONE WHEN IT GOES DOWN CALL EVERYBODY IN BANKS US TREASURY THAT IS WHERE WE ARE AT.
DC - THERE WERE SOME ISSUES OF HOMELAND FUNDING BEFORE THE RV IN TERMS OF KEEPING US SAFE. IN BUDGETARY TERMS, THEY HAVE IN THE PENTAGON, THEY HAVE AGENCIES WHO ARE EXEMPT FROM ANY BUDGETARY FIGHTS.
DC: VITAL PART OF RV, TERMS GOOD OLD FASHION BUDGET STUFF, PENTAGON, EXEMPT, ALL THOSE 200,00 EMPLOYEES ARE GOING TO BE THERE, DC FRIENDS, NO ONE IS GOING TO SCREW WITH HOMELAND.
DC - 230,000 ESSENTIAL EMPLOYEES. VITAL PART OF RV, TERMS GOOD OLD FASHION BUDGET STUFF. YOU WILL LOSE IF YOU TRY TO SCREW WITH HOMELAND SECURITY.
DC - WHO WOULD GET BLAMED FOR AN ATTACK? HOMELAND SECURITY, SO NO DEBATE OVER THEIR FUNDING OR ISSUES.
DC: ACCORDING REPUBLICANS TALKING TO,WHAT HAPPENS IF ATTACK, CLOSELY WITH HOME LAND STUPID THING HEARD ALONG TIME, BS TALK NOT WHAT YOU THINK. EVERY THING READY. MOVING ON WITH IRAQ, MOST IRAQ FRUSTRATED.
DC - IRAQI FRUSTRATED THIS WEEKEND. TRIBAL LEADER KILLED OVER WEEKEND. FROM INITIAL REPORTS, IT WAS PARTIALLY RETRIBUTION ABOUT THE RV.
DC - A BUNCH OF WONDERFUL ARTICLES OF KURDS MEETING THIS WEEKEND AND SOME OTHER TRIBAL LEADERS AND PROVIDENCES ALL TAKING ABOUT WHERE THEIR BUDGET MONEY IS.
DC: A LOT OF FOLKS, STRAIGHT FORWARD ARTICLES AREAS LEADERS PROVENCE WHERE IS OUR BUDGET MONEY. TRIBAL LEADERS WE DON'T HAVE YET. AS SOON AS WE HAVE ECONOMIC REFORM, YOU'LL GET YOUR MONEY. ABADI OFFICE PARLIAMENT PRESSURE INTENSE TO GET IT DONE NOW.
DC - THEY DON'T HAVE IT YET THEY STATE. UPON ECONOMIC REFORMS, YOU WILL GET YOUR MONEY IN SUMMARIZATION. EVERYONE IS LOOKING FOR IT. PRESSURE IS VERY INTENSE.
DC - INCLUDING PARLIAMENT, CBI, AND ALL WANT THIS DONE. USA HAS KEPT THEIR HANDS OFF.
DC - EVERYONE TRYING TO GET THIS DONE. AMBASSADORS HELPING MAKE PHONE CALLS, ETC. ALL WANT THIS PUSHED FORWARD AND NOT LET SOMETHING MINOR COME ALONG TO DERAIL.
DC - COUNTRIES LIKE ENGLAND AND CHINA ARE INVOLVED IN PUSHING THIS FORWARD. A FEW DELAYS MAYBE. ALL OUR SENIOR POLITICIANS ARE SAYING RELAX. IT WILL GET DONE.
DC: WEEKEND, HELP. SENIOR MAKING PHONE CALLS IN LINING, NOT DERAILED HELPFUL. OTHER COUNTRIES, CHINA IN ORDER TO GET DONE. CONCERNED TO PUSH FORWARD. DO WE BELIEVE A MAJOR DELAY NO. TRY TO GET HEAD COUNT . SUPPOSE TO MEETING LATER. SEE WHAT IS GOING ON. RELAX, SEVERAL SUNNIS HOT HEADS, TROUBLE IN BACK DEALING RIGHT NOW. WINDOW IN TIME. BEFORE THE TIMES STATING IN ARTICLES 19TH AND 22ND. BEING TRANSLATED BEFORE THE 19TH AND 22ND.
DC - IS THERE A DATE AND WINDOW AND TIME LINE? YES, BUT BEING TOLD IT WILL BE BEFORE THE TIMES STATING IN ARTICLES 19TH AND 22ND. BEING TRANSLATED BEFORE THE 19TH OR 22ND.
DC -  THE ASSASSINATION DID CAUSE THE DELAY OVER THE WEEKEND.
DC - WAS IT CAUSED BY BAD GUYS TRYING TO DELAY THIS, YES.
T - GUYS, JUST BE CALM AND RELAX. WE KNOW THIS WAS SUPPOSED TO GO ON FRIDAY NIGHT OR SAT MORNING. THEY MAY DO SOMETHING ELSE TOMORROW TO BUY A COUPLE OF MORE DAYS. THE NUMBERS ARE IN PLACE.
T: BACK WHEN 3 DOLLARS, SOME OTHER SAYING WASN'T, OTHER GURUS DON'T KNOW WHAT WE ARE TALKING ABOUT MAINLY WINSTON. SAME GURUS OVER 3 DOLLARS, PULL OVER EVERYONE HE SAID. TOLD YOU IT WOULD BE OVER 3 DOLLARS. DC:MIRACLE. T: GURUS, HYPING EVERYONE UP, HCL DONE, THEN WHEN WE SAID IT, ALL OF A SUDDEN THEY DID IT DID NOT SHOW IT.
T - NOW, WE HAVE THESE OTHER GURUS SAYING WE ARE GETTING PEOPLE HYPED OVER NOTHING, NOW GURUS ARE SAYING THE SAME THING WE PREVIOUSLY REPORTED.
T - GURUS TALKED ABOUT THE BUDGET BEING SIGNED AND PASSED, BUT THEY HAD NOT SEEN IT. NOW IT IS ALL RIGHT. WE TELL THE TRUTH. WE DON'T WAIT. WE SHARE WHEN WE GET THE INFO.
T - THEY WANTED IT BEFORE THE DEADLINE TODAY. NO ONE WANTED IT TO GO UP TO THE DEADLINE, BUT THE ASSASSINATION HAPPENED.
T: KNOW IT WAS SIGNED AND PASSED, TOLD DON'T PAY ATTENTION. WE TELL THE TRUTH. DON'T WAIT. WE TELL YOU WHEN WE GET INF. WE TELL YOU WHEN WE GET IT. USED THE ASSASSINATION TO THERE ADVANTAGE. AGREEMENT. WHEN WE ARE GOING TO DO IT REWRITE LAWS APPLY IT TO TERRITORY, WHY NOT WHOLE COUNTRY, FIGURE HOW TO MAKE HAPPEN. DETAILS WORKING OUT. ANY GURU THOSE THINGS HAD TO BE DONE IN ORDER TO TAKE EFFECT.
T - THEY DON'T WANT THE RV TO APPLY TO THE AREAS WHERE ISIS IS CONTROLLING THE AREAS. THEY WANT CERTAIN BANKS TO GET IT AND CERTAIN BANKS NOT TO GET IT. IT MAKES SENSE FOR THEM TO DO THIS. THEY ABSOLUTELY HAD TO BE DONE BEFORE THE RV HAPPENED.
T - THEY WORKED ON THIS ALL WEEKEND. THEY DECIDED THEY DID NOT NEED TO SHOW THIS IN THE GAZETTE, JUST DO IT.
T: WE DON'T NEED TO SHOW THIS IN GAZETTE JUST DO IT, YES WE DO NEED TO SHOW IN GAZETTE THAT IS THE LAW. MEET THERE IN GOAL MAKES SINCE. WHAT MAKES SINCE LOOK OUTSIDE TERRITORY. GET RID OF ISIS. MEETING WITH KURD AND BAGHDAD HOW TO REMOVE THEM FROM IRAQ. RV AND SURVIVAL.
T - THOSE TOWNS WILL NEED TO GET RID OF ISIS WHEN THEY SEE THEIR NEIGHBORS HAVE MONEY. THE KURDS MET TO SEE HOW TO REMOVE ISIS FROM IRAQ, THE RV, AND THE SURVIVAL OF THE PEOPLE.
T - IS THEE A DEADLINE? YES, THEN THEY HAVE TO MAKE DECISIONS . WE ARE LOOKING VERY, VERY GOOD. RIGHT ON TIME. I AM GLAD THE GURUS ARE FINALLY GETTING TO SEE WHAT WE SAW A LONG TIME AGO.
T: DEADLINE GO INTO GAZETTE , THINGS RIGHT ON TIME. DON'T CARE WHAT ANYONE ELSE TOLD YOU. TELLING YOU GUYS. WHOLE LOT HAPPENING NOT IN ARTICLES. GETTING THAT INFO. I AM HAPPY, PERFECTLY GOOD EXPLANATION, KNOW IT IS ABOUT TO BE HERE.
DC - IT IS GOING TO GET DONE REALLY QUICK. IT IS UNFORTUNATE ABOUT THE ASSASSINATION.
T: JUST DO IT FIX ALL THESE THINGS LATER, MAKE THE RV HAPPEN THE ACTUAL RV THESE GUYS WHO DON'T WANT IT. AS LONG HOLDING UP WORK TO THE MINUTE. BUY COUPLE HOURS AND CONTINUE TO DO IT. JUST MAKE IT HAPPEN.
T - UNTIL THEY DO THE RV, THE GUYS THAT DON'T WANT IT WILL KEEP DOING THESE THINGS. AS LONG AS THEIR ACTIONS HOLD IT UP, THEY WILL CONTINUE DOING THAT. SO, MAKE IT HAPPEN ON TIME.
T: ANNOUNCE TO PEOPLE, BUDGET PASSED, WHERE IS THE MONEY, SOMETIME THIS WEEK SEE THE MONEY. NOTHING HOLDING IT BACK.

DINAR GURUS UPDATE, 16 FEB

2-16-2015   Intel Guru TerryK    THEY ARE RIGHT ON COURSE...THEY DON'T HAVE TO DO ANYTHING UNTIL THE 18TH UNLESS A VETO HAPPENS.   THERE IS NO HOLDUP...THE DOCUMENT WAS SIGNED ON THE 29TH.  THE CLOCK DOES NOT START TICKING UNTIL IT HIT THE DESK FOR APPROVAL WHICH WAS THE 2ND OF FEB. THEY HAVE 15 DAYS TO COMMENT, VETO, OR SIGN OFF.  AFTER THAT IT BECOMES LAW THEN GOES INTO THE GAZETTE WHICH IS...WED THE 18TH...SO IT IS NOT OVERDUE.

2-16-2015   Newshound Guru Kaperoni   Article:  "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks. Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks..."    Some...articles...talk about laws that are needed to activate this system.  I don't know if they are passed yet, but it is clear that this is all tied together with the smart cards, project chunked and international transactions...And a requirement to get investment into Iraq for the market economy.  Progress is being made.

2-16-2015  Intel/Newshound Guru Poppy3
  I ASSURE ALL OF YOU ISIS HAS ZIP TO DO WITH THE NEW RATE PERIOD.  

2-16-2015   Intel/Newshound Guru Poppy3  
 FAR AS IRAQ BEING BROKE...WELL THEY TRIPLED THEIR GOLD HOLDING IN 2014 WHEN THEY BOUGHT 48 MORE TONS OF GOLD GIVING THEM  148,000 TONS AS RESERVE.   THEY ARE ONE OF THE RICHEST COUNTRIES IN THE WORLD. WHAT THEY DO HAVE IS A SHORTAGE OF CASH AND GUESS WHAT WILL SOLVE THAT PROBLEM WITHIN DAYS. THATS WHY THEY CAN STILL QUALIFY FOR BILLIONS IN LOANS.  RIGHT NOW THEY ARE PITCHING SOME CURVE BALL AND IN THE DIRT PITCHES BUT RICH FRIENDS GET READY FOR OUR CLEANUP HITTER TO CLEAR THE BASES WITH ONE MIGHTY SWING AT ANYTIME. 

2-16-2015   Intel Guru Mnt Goat   We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget.  A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget...So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency.  I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue.  We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation).  

2-16-2015   Newshound Guru sczin11 
 THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER.  I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO...THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER.

2-16- 2015   Intel Guru TerryK 
  BUDGET IS SIGNED.  IT IS NOT DUE TO GO IN UNTIL THE 18TH.  IF IT HIT THE DESK ON THE 2ND,  WHICH IT DID, THEY HAVE 15 DAYS TO VETO IT AND THAT PUTS IT ON THE 17TH AND THEN INTO THE GAZETTE.  THE NEXT TWO DAYS WILL BE VERY INTERESTING.  IF IT IS NOT VETO IN THE NEXT TWO DAYS WE ARE IN.   EVEN THOUGH ITS BEEN SIGNED THERE HAS TO BE A REASON IT HAS NOT GONE TO GAZETTE YET.
  
2-16-2015   Newshound Guru Millionday
    "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks."    THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM...THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED.  [32] BANKS...HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM...[and] EXCHANGE FOR MONEY COMPANIES...HAVE SWIFT CODES AS WELL. THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM.   THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE.  EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION... HUGE HUGE WHOOOPOW.

2-16-2015   Newshound Guru Kaperoni
  Article:  "Deputy for the Kurdish coalition, said on Sunday that the provincial delegation, headed by Prime Minister Barzani will meet today Prime Minister Haider al-Abadi."  I said.."it isn't done!" This is a process. First the initial agreement to get oil flowing. Then a sign from each party that they will honor that first agreement. And now more discussions on the remainder of items that will be incorporated into the HCL law. The one hiccup seems to be a lack of funds by the GOI. Today's meetings implied that the GOI could not make the payment as stated to the KRG which could toss a wrench in these negotiations. Time will tell...but the good news is they are ironing out the HCL so that can go to CoM and parliament soon.

IRAQI DINAR 123 NEWS :Smart-Cards For Iraqi Displaced Families & Kurdish Deputy Confirms Oil Agreement With Baghdad, 16 FEB

Smart-Cards For Iraqi Displaced Families

Iraqi Dinar 123 News: – A member of the Iraqi Parliamentary Finance Committee issued a statement that the Iraqi government is planning to issue smart-cards for the displaced Iraqi people to pay imbursement to them and not to join physically with disturbed sheets. The Committee member Abdul Qader Muhammad also added that 400000 Iraqi dinars per family have been planned for the salary amount which will be used to pay the displaced families.
This is not the fix amount but it depends on the situation and the total numbers of displaced family members. He also added that this plan also needs to be reviewed after the actual calculation of the returned families.
********

Kurdish Deputy Confirms Oil Agreement With Baghdad


Iraqi Dinar 123 News: – Serwa Abdul Wahid from the MP Kurdish bloc issued a statement that the Kurdish Regional Government is much dedicated with Baghdad in the oil agreements. Abdul Wahid also said that the oil agreements between Erbil and Baghdad are still under process and the provincial government has been agreed for its implementation. He stressed that a Kurdish regional delegation would visit Baghdad to finalize all the important and necessary steps of the agreements.
Abdul Wahid also confirmed that there is a probability for the Kurdistan region to export its 600000 barrels oil per day, but due to some technical reasons this percentage had been reduced to 300 barrels oil per day. Generally, the current agreement is about to export 600000 barrels oil exported by the province and it would be implemented this year.
On 2nd December 2014, the Erbil and Baghdad governments announced that we are working to finalize an agreement to cooperate in oil exports and budget share of the region. This agreement which included the export of 250000 barrels oil per day of the Kurdistan region using Turkey’s Ceyhan line with the export up to 300000 barrels oil by the fields of Kirkuk province using the same line and to deliver the revenues to the Iraqi federal government because as part of the security system, federal government agreed to pay the salaries for the Peshmerga forces.

MILLIONDAY, SCZIN11 & TERRYK UPDATES, 16 FEB

2-16-15 Millionday: "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks." THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM...THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED.32 BANKS...HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM and EXCHANGE FOR MONEY COMPANIES...HAVE SWIFT CODES AS WELL. THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM.

THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE.  EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION... HUGE HUGE WHOOOPOW. 

2-16-15 sczin11: THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER. I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO...THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER. 


2-16-15 TerryK: BUDGET IS SIGNED. IT IS NOT DUE TO GO IN UNTIL THE 18TH. IF IT HIT THE DESK ON THE 2ND, WHICH IT DID, THEY HAVE 15 DAYS TO VETO IT AND THAT PUTS IT ON THE 17TH AND THEN INTO THE GAZETTE. THE NEXT TWO DAYS WILL BE VERY INTERESTING.  IF IT IS NOT VETO IN THE NEXT TWO DAYS WE ARE IN.  EVEN THOUGH IT’S BEEN SIGNED THERE HAS TO BE A REASON IT HAS NOT GONE TO GAZETTE YET.

MNT. GOAT UPDATE :“Baghdad is Stalling-Why?, 16 FEB

UU1088 – “Baghdad is Stalling - Why?” by Mnt Goat

Hello Everyone,

Boy oh Boy ! What a weird last couple days this has been. If I was not following closely these recent events I too would be very frustrated. But I took the time to read the articles, make a few calls and piece together the story as to where we currently are on this Iraq dinar revaluation saga. Like with everything Iraq does nothing is simple and seldom on time.

Hope you at least take the time to read it all since it took a lot of time away from my family this past week and weekend to gather and analyze the information for you.

This is a continuation of the ongoing saga of the revaluation of the Iraqi dinar. Please read past news letter dated 2/12 and  2/13 to better understand this news today.

Today’s News
Today is Monday the 16th and still no RV.  We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. So what is the current status? Are we going to see these economic reforms completed any time soon?  Are they going to stall it much longer?

Okay so here are the facts so far from what we now know and so we do not have to guess since they are reported “officially” from the finance committee of Iraq and not from some intel “guru’s” contacts or sources….lol.

FACT: we know the budget passed parliament on 01/29 and Iraq president Masoum then had up to 15 days to ratify it.

FACT: budget too only 12 days to be ratified on 02/10.

FACT: we know they have now reached the outer most constitutional deadline (which was Sunday 02/15) to post the ratified budget in the gazette (law library) which is the final step in the process.

FACT: once it is announced that it is posted it will be implemented.

FACT: once implemented it must be funded somehow in 24 hours.  

FACT: once implemented they must also have all the laws supporting the budget implemented  since how can you fund a project or a program in the budget if it is not yet legal?

Some are saying it is already posted in the Gazette. Really? Then why can’t I see it? But even if it is actually posted what significance does this have if Iraq then is still holding the announcement  back from us? Are these intel “guru’s” then just telling us this because they want to stir up some more hype and get everyone excited and to prove to us they have leading information on the cutting edge? Are you getting tired of this yet?

I have to laugh since if it is not yet formally announced and viewable to the public it really means nothing and I mean absolutely NOTHING to me. If anything else it only confuses us since it muddies the water on the timeline and we have to ask ourselves as to why Iraq would hold this back from the public.

So in looking at the facts of what had to occur so far, and the timeline of what has occurred so far (that Iraq has announced already),  we can see that once the budget was passed,  parliament was moving along quickly and timely and so it seemed they would follow through on completing the economic reforms on time, as Abadi has said they would do by last Thursday 02/12. Remember his grand speech early last week telling us this? But now over this past weekend it seems to have stalled again. Why?

So today is Monday, a day passed the deadline of posting it in the gazette. So what is going on?

We know they can not fully implement the budget since it must be funded somehow. So how can they fund it without fully completing their economic reforms (meaning in part the currency reform and dropping the 3 zeros).

FACT: We know that parliament did not get a forum on Saturday or Sunday since Sunni MPs said they would boycott parliament after the killing of Sheik Qasim al-Janabi on Friday 2/13. So very little was accomplished in parliament over the weekend.

Such statements as “The bullet that shot Sheik Qasim also shot at the heart of national reconciliation,” said Sunni parliamentarian Raad al-Dahlaki. “The government has nice words but doesn’t execute its promises for security. It’s too weak to control the militias.”

FACT: We know these militias are now controlled by the former prime minister Maliki and his goons. He is still desperately trying to break up the unification effort of Abadi and create havoc. What does this tell us? Why do they allow this man to continue to disrupt this new government?

Not to get side tracked from the budget issue (this is all connected) but we will soon see a speeding up of the measures to deal with the Maliki and his goons. This I can promise you, especially after this last incident. This the USA and the UN wants and has been demanding all along from the Iraqi government. I am sure there will be some “I told you so” notes being sent to Abadi’s government.

FACT: The World Bank has allocated $ 10 million for the restructuring of State-owned banks and activation of electronic transactions including electronic clearing system in Iraq. This also will allow the Qi cards and other Iraqi bank generated/owned credit cards to be used widely internationally. This is huge but by itself does not mean Iraq is going international or to revalue its currency immediately. It does have great significance in that it tells us they are in fact gearing up for it and moving in the right direction. This surely could have been accomplished post RV and was not holding up the completion of the currency reform or was it?

Funny how items like this are accomplished and we don’t know what we don’t know until they happen. This will continue to happen and we don’t know if it is a needed requirement for an RV or something that could have happen post RV.  What we do know is all those that keep saying Iraq is going to RV everyday should be ashamed of themselves. This is a prime example. I don’t care what their contacts are telling them either since they are big boys and should by now know better. What they say is not how they act. They criticize others for gearing up over one event, yet do the same themselves.

So as a sane and reasonable person how do you feed about all this so far? Can you see a reason why the budget completion may have just been delayed and things are still moving ahead?

What now would be your conclusions ?  Come on it’s not that hard and there is no conspiracy going on here !

Before you answer these two questions let us look at what else popped up over the weekend as they neared the finish line to fully implement the budget.

FACT: Everyone (meaning provincial leaders) wants their money and they know what stage the budget is in just like you and I do. They too have heard about the ratification happening over 3 days ago. They too have an obvious stake in it. They want their projects funded as promised and as part of the reforms effort. It now comes down to a matter of trust. Trust can only go so far. Trust that this budge will be  opened in a timely manner.

So over the weekend we see articles about two rounds of negotiations between Kurdistan and Baghdad. What were these talks about?  What really happened behind the scenes when the cameras were not recording?

I believe this is what happened between Barzani asking Abadi - WHERE THE HELL IS THE MONEY THAT WAS PROMISED TO US! Threats of striking Kuristan government workers for not being paid since December.

FACT: Abadi and Barzani met on Sunday afternoon  in Baghdad to discuss the financial benefits of the region in 2015, the federal budget and the implementation of the oil agreement between the two governments.

Does the timeliness of these meetings surprise you?

FACT: Then later on in the day, on Sunday, we see another article telling in fact what the issue was between Kurdistan and Baghdad and as to why these negotiations did not go so well and why a delegation from Kurdistan has to come to Baghdad in the first place. My hunch was correct ! It was all about money owed to Baghdad from the oil revenues as promised- WHERE IS MY MONEY…said Barzani?

FACT: Barzani stated to the press after the first round of negotiations –“Baghdad does not have sufficient funds to grant share Kurdistan 's oil but are still committed to the Convention”

FACT: Then even later in the day, also on Sunday, we see that there was a compromise made between and Kurdistan and Baghdad.  How do I know this? They told us in yet another article that the Minister of State in the Federal Government for the Kurdistan Alliance Saman Abdullah in addressing the news that the Ministry of Finance will send the amount of 583 billion dinars to Kurdistan, representing an advance part of the budget for the month of January 2015 to pay the salaries of the staff of the province for the first month of this year.

FACT: I need to emphasize to everyone that this was only a “partial” payment not a payment “in full” for money owed to Kuristan under the oil agreements. It was given since the budget is not fully implemented and there is no legal obligation, as of yet to pay in full. Why did Abadi do this?

This was done to pacify the Kurds while we wait for the budget process to be finalized. But why not just post the budget in the gazette, finalize it, open it and then send the total allowed payment to the Kurds?

Can’t do this if the budget is not yet funded. Can’t fund it without what? Repeat after me……

a.    completing all the laws to support it
b.    completing the economic reforms (such as the currency reform of deleting the 3 zeros)

Do you see how these recent events are not just coincidental. They are signs to us telling us what is happening behind the scenes. We can ignore these articles as some wish to do or we can use them but we have to connect the dots to see the entire picture.  It is all interconnected as it is always. This is the key to seeing what is happening in Iraq. It is never straight forward and you must remember past events.. I hope I did a good job for you today in connecting these dots.

Remember this scuffle over the weekend was not Kurdistan trying again to renegotiate the oil revenue deals or HCL or Article 140. Instead we know for a fact this is all done. Now we are into the payment side, making good on promises from Baghdad. This was the issue this past weekend. Remember too it is all a matter of trust. Will Baghdad be the same now in this new government as in the former Maliki government. All promises and little action so far. So far we witness the exact same movements of money as something Maliki would have done. Nothing has changed. Always partial payments to the Kurds. To change this Baghdad (Abadi) must make good on the remainder of these payments and do it soon and bring them up to date. Other provincial leaders too are getting suspicious and will soon come forward for their funding.

Do you see now how these three events:

a) the slaying of the Sunni Sheik Qasim;
b) Kudistan payment issue
c) currency reform not completed,
are all  tied to not completing the budget before this weekend and why it caused issues?
Do you see how these events could collapse the entire unification effort if this budget is not completed and opened soon?  Payment of monies owed now is the key to keeping this new fragile government intact. These payments can not be made without the funding and the funding can not take place without the currency reform happening. It keeps going back to currency reform for in part it is the necessary funds.

NEXT STEPS
As I explained in my last news letter technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar FIRST. If they do not increase the value on or before this bill is posted in the gazette (or announced in gazette) we are in trouble. What do I mean by in  “trouble”.

If they do post it in the gazette (and announce it) without a currency reform of some kind, Iraq will have defied all logical reasoning and I am at a lost as to what is happening. I then throw in the towel and raise up my hands. Mnt Goat will be stumped !

But I do not believe this will be the case. I do not believe this will happen. As it has not yet happened and so far I do not like what is going on but at least it still makes total sense.

So here we are on the first day following the outer most deadline of Feb 15th to post the newly ratified 2015 budget in the gazette. They are already a day late but they have a good excuse. What will this week bring us? How many more days d they intend to stall? 

You all know what comes next. They must fund this budget of 119 trillion dinars. I have to tell you there is not enough dinars in circulation today to cover this budget amount and they know this. So where will they get this much needed dinar with a rate of 1166?  They have huge stockpiles of the lower denominations but currently they too are valued at the 1166 rate.

In my last news letter I stated what the next steps have to be on or about the time of the revaluation announcement in Iraq. They then have to de-dollarize and get the lower denominations out to the banks as this process will take many months to normalize. But first they need to complete the economic reforms and this means in part to go international with their currency. As this happens we all expect the rate to change to at least a rate conducive to pre-war era.

Yes I am a stubborn woman and will stand my ground in that I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget. A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget and so these other events are also close at hand, if not already accomplished by then. Something to watch for. 

So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue.  We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation). Can Iraq be fully positioned with all these events in time to open and begin spending this 2015 budget?

Peace and Luv To Ya All, 
Mnt Goat