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Saturday, August 1, 2015

ARTHUR UPDATE, 1 AUGUST

Arthur - OK….I WASN’T GONNA’ WEIGH IN ON THE DEALER SITUATIONDUE TO NOT ENOUGH TIME GOING BY TO GET THE SPECIFICS BUT IT DOESN’T TAKE ROCKET SCIENTIST TO SEE A PATTERN HERE. LETS SKIP PAST THE SPECIFICS AND LOOK THE REAL ELEPHANT IN THE LIVING ROOM – SQUARE IN THE EYES.
WHAT IS DIFFERENT NOW ABOUT WHAT THE CURRENCY DEALERS ARE DOING THAN WHAT THEY HAVE BEEN DOING FOR THE PAST 10 YEARS?WHY IS THIS HAPPENING NOW AS IF THINGS, ALL OF A BIG SUDDEN GOT WORSE THAN THEY HAVE ALWAYS BEEN?
WHERE WERE THE FEDS WHEN THEY HAVE BEEN GETTING FILTHY RICH ON DEAD RESERVES FOR ALL THESE YEARS BEFORE NOW? SO I REALLY DON’T CARE ABOUT THE SPECIFICS OF THE NITPICKING GOING ON RIGHT NOW…I AM LOOKING AT THE FACT THAT WE HAVE ALWAYS KNOWN THAT RIGHT BEFORE AN INCREASE IN THE IQD THE DEALERS WOULD STOP ALL RESERVES. WE WERE JUST TOLD THEY WOULD SHUT DOWN FOR A HOT MINUTE TO CHANGE THEIR RATES AND COME RIGHT BACK UP.
WHAT WE DIDN’T KNOW IS THAT THEY WOULD BE TOTALLY PUT OUT OF BUSINESS FOR THAT TO HAPPEN - WHICH SERVES SEVERAL PALPABLE PURPOSES AND KILLS MANY BIRDS WITH ONE STONE NOT THE LEAST OF WHICH IS CONFISCATING ALL THE RECORDS OF ALL OF OUR PURCHASES OVER THE YEARS AND MORE IMPORTANTLY KEEPING MICHAEL MILITIA, TIMMY TERRORIST, AND LIL’ DEE THE DRUG DEALER FROM CASHING IN SOME UNGODLY RESERVE AND WREAKING HAVOC ON THE NATIONS HOMELAND SECURITY. SO IMHO THIS IS NO COINCIDENCE AND HAS TO BE NOTHING BUT THE BEST THING WE HAVE EVER, EVER, EVER SEEN.

EXCERPTS OF IKO WARD & MY LADIES , 1 AUGUST

8-1-15 Iko Ward: So, we're getting tariff info from a couple of places. I think we're all so jaded we don't realize what this means. Can't have tariffs without international rates. It may take a little longer (hours) to show up but is HAS to show up or they can't do the charges. YEE HAA!!!!!

8-1-15 
My Ladies: THIS IS AN EXCITING WEEKEND FOR US. WE KNOW THE BONDS ARE GOING TO CROSS BORDERS TOMORROW AND I AM BEYOND ANXIOUS TO SEE HOW THEY DO IT. 

DINAR IRAQ & DONG VIETNAM MORE UPDATES, 1 AUGUST

Dinar Iraq and Dong Vietnam :BASED ON WHAT I HAVE SEEN TODAY, WITH ONE WORK DAY BEFORE THE 1ST, THAT BEING TOMORROW [THURSDAY], I WILL GO OUT ON A LIMB AND PREDICT THE CUSTOMS & TARIFFS … WILL BE IMPLEMENTED AS PLANNED…SATURDAY AUGUST 1, 2015.
[Q. If that is the case, will they HAVE to HAVE an RV by then?]
A. WILL PRIME MINISTER ABADI, ALLOW THE PEOPLE OF IRAQ TO SUFFER FURTHER? CERTAINLY WAS NOT PART OF HIS PLATFORM…ECONOMIC REFORM CAN NOT EXIST WITHOUT MONETARY REFORM… CAN PM ABADI ALLOW THE COSTS OF GOODS TO INCREASE, AS OPPOSED TO DECREASE?
I AM NOT AN ECONOMICS MASTER, BUT I BELIEVE THIS IS MORE A MATHEMATICAL EQUATION, AND GOOD FINANCIAL ADVISING…THE MATHEMATICS IS HOW WOULD THERE BE ENOUGH DINAR IN CIRCULATION, WITHOUT RUNNING THE PRINTING PRESSES 24/7, TO COVER TAXES AT THE CURRENT EXCHANGE RATE?
THE FINANCIAL SIDE OF THE EQUATION, IS THAT THE COSTS OF GOODS WILL BE GOING UP, THUS LOWERING THE PER CAPITA LEVEL OF LIVING AND PUSHING THE AVERAGE IRAQI IN A SITUATION LOWER THEN TODAY, IF THAT IS EVEN REMOTELY POSSIBLE. THIS IS A CRITICAL TIME FOLKS.

TNT CHAT UPDATE, 1 AUGUST

TNT: 

Rkstx:
   Great post Martha. I would like to add the sale of 5 million in bonds starting at 1095 Is tomorrow which is part of the ending of the process with many laws announced , delete the 000 and LD s dropped. Close? Yes, Very! Rk

Joshua:  THE TARRIFFS AND TAXES HAVE BEGUN GUYS ......... no turning back now - as our TONY would say - cant put spilt milk back in the bottle

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Iko Ward :
  So, we're getting Tariff info from a couple of places. I think we're all so jaded we don't realize what this means. Can't have tariff's without international rates. It may take a little longer (hours) to show up but is HAS to show up or they can't do the charges. YEE HAA!!!!!

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V-Beam:
  Unfortunately for the people of Iraq, border taxation will only provide an additional economic burden. The importing companies will have to pay the border tax due in hard currency (U.S. dollars, Euros) from the goods sold to Iraq.

Also the Iraqi exporting companies who are paid in hard currency will have to pay the border tax due in hard currency. The Federal Ministry of Finance will collect the tax revenue due and apply it to the GOI budget. The price of both imported and exported goods must increase to cover the tax.

With falling oil prices and Iraq's extracting facilities at their maximum production limits, this hair brain idea will fail. Once again, the GOI Parliament MUST reevaluate and asset base Iraq's currency to avoid a possible total collapse of the Abadi GOI.

Not to mention Baghdad's (GOI's) strained economic relationship with Erbil (KRG) as a result of Baghdad's non payments to Erbil. Baghdad's "non fulfillment" violates the Budget Law and the GOI is subject to the terms and conditions of Article 10, paragraph 3, of the 2015 Budget Law "non fulfillment".

Revaluation is the ONLY way out for a unified Iraq.


JimBake:  Soooo, it would seem that this tariff situation, as so eloquently explained here by vbeam, in fact puts huge, ginormous pressure on Iraq towards getting the RV accomplished...and that, in turn, would convert a burdensome, strained situation into roses and lollipops for all! Am I reading this correctly? OK, let's bow our heads and pray...  :) 

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Iko Ward:
  vbeam's explanation is exactly how I am interpreting this. No idea who is holding this up but each time somebody makes a bold move (like the Kurds) and then the geo-political nonsense dealt with (like the Greeks and Iran) and all the markets positive and now ALL the laws passed and the tariffs official it's like the straw that breaks the camel's back (no pun intended).

What's left? Seems like the banks are ready.

Seems like the bond market is ready.

I will personally provide the toilet paper to who's still constipated.

DINAR GURUS UPDATE, 1 AUGUST

8-1-2015   Newshound Guru My Ladies   THIS IS AN EXCITING WEEKEND FOR US. WE KNOW THE BONDS ARE GOING TO CROSS BORDERS TOMORROW AND I AM BEYOND ANXIOUS TO SEE HOW THEY DO IT.

8-1-2015   Intel/Newshound Guru Poppy3
   TARIFFS FROM WHAT DR SHABIBI STATED WOULD NOT EVEN PAY FOR THE 3000 WORKERS IT WOULD TAKE TO MANAGE AND COLLECT THE TARIFFS THROUGHOUT THE COUNTRY... IMPORT AND EXPORT.   FOR THAT REASON I EXPECT TO SEE A NEW RATE AND OBVIOUSLY THE RATE MUST BE SUBSTANTIAL IF THEY ARE TO FULFILL ALL THEY HAVE THAT REQUIRES FUNDINGWE WAIT WITH GREATER EXPECTATION TODAY AND THIS WEEKEND.  EVERYTHING DOES LOOK MORE PROMISING THAN EVER BEFORE.  

8-1-2015   Newshound Guru Millionday 
  Quote:   "The head of the minister for economic affairs adviser appearance of Mohammed Saleh, Wednesday, that the application of the decision tariff will not change schedule will apply on time."  PLANS SEEM TO BE GOING FORWARD ON TIME...  [SO WHAT HAPPENS IF THERE ARE TAXES AND NO RATE CHANGE?]   THE COST OF LIVING NEEDS TO RAISE IN COUNTRY FOR ELECTRIC ETC -- BUT THE TARRIFF NEEDS TO IMPACT PRICING FOR COMPETITION TO BE SUCCESSFUL -- IMO...GREAT QUESTION...   [IF these tariff and taxes start tomorrow [Saturday] without a rate, that will hurt the Iraqi citizens cause they won't have the money to pay for the items that they need with the taxes added to it?]   I BELIEVE THEY ARE FOR EXPORTS ETC -- NOT LOCAL PRODUCTS AT THIS POINT.

EXCERPTS OF POPPY3, 1 AUGUST

TARIFFS FROM WHAT DR SHABIBI STATED WOULD NOT EVEN PAY FOR THE 3000 WORKERS IT WOULD TAKE TO MANAGE AND COLLECT THE TARIFFS THROUGHOUT THE COUNTRY... IMPORT AND EXPORT. FOR THAT REASON I EXPECT TO SEE A NEW RATE AND OBVIOUSLY THE RATE MUST BE SUBSTANTIAL IF THEY ARE TO FULFILL ALL THEY HAVE THAT REQUIRES FUNDINGWE WAIT WITH GREATER EXPECTATION TODAY AND THIS WEEKEND. EVERYTHING DOES LOOK MORE PROMISING THAN EVER BEFORE. 

TNT CHAT UPDATE, 1 AUGUST

TNT:

Iko Ward:
  If you climb the mast you can see the promised land. Down here on deck its still a bit over the horizon. Be patient, the breeze will freshen and the morning mists will clear. Great day on the sea of life.

Airam:   have search Alsumaria ....IRAQ news....Iraqis....cannot find a word of the Tarff law……..lol...lol...Anyway we are in the best position ever pertaining to the IQD......If not why do you think all THE SCAMMERS ARE in such a HURRY to try to clean up our dinars

Martha: the whole world is there. the whole world needs it. we are in the moment. now we watch their actions. the rv has happened. We have a checklist of actions to watch for

Kue911: Any news this morning?
....
WTurner:  Tomorrow Press / Baghdad: The General Authority for Customs revealed that she began Saturday, the application of the tariff in ports, airports and border crossings land according to the law enacted by the House of Representatives

http://translate.googleusercontent.com/translate_c?depth=11&hl=en&rurl​=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://alghadpress.com/a​r/NewsDetails.aspx?NewsID=34543&usg=ALkJrhg5_L6a-lIAhpZ61UkRf-vvfRdokw​#

JerseyBoys:
  Wturner... You get an "A" with five stars trailing behind it for finding that link on the tariffs. People have been asking about it for hours now. A job well done!

[scan1]  Tomorrow Press / Baghdad: The General Authority for Customs revealed that she began Saturday, the application of the tariff in ports, airports and border crossings land according to the law enacted by the House of Representatives

NetGlobal:  So the tarrifs have kicked in. Have the bonds started selling internationally yet?

Mangelo:
  Bonds start on Sunday

NetGlobal:  I understand they cant sell the bond international until they have a international rate.

Jersyboys:  It's difficult to know what to expect regarding timing because the Middle Eastern culture is a 180 from the American culture. If we say it's gonna happen on the 1st, preparations are made and prior to the 1st, it's ready to go and goes on time. It's a total crapshoot as to when they will do it. Dates and times will be forever subject to change.

WTurner:  Recall that the Tariffs don't affect the average Iraqi Citizen as food is not part of Tariffs applied

Rkstx: Good find. Tarriffs. Best find on chat ever as this says the end, IMO, of the process is working smoothly and as planned. From Martha, watch whT they do. They did and announced Tarriffs.!!!!

DINAR IRAQ & DONG VIETNAM UPDATE, 1 AUGUST

Dinar Iraq and Dong Vietnam :IF Aug 2nd brings a verifiable international currency, does that mean the currency can only change in 2% increments? Or is Iraq able to go in and make a substantial change at any time?] NO 2% IS THE STANDARD OR THE NORM ON FOREX, IRAQ CAN DO WHAT EVER THEY WANT WHENEVER THEY WANT TO DO AFTER THEY GET THEIR CURRENCY TURNED ON.
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That CBI announcement also stated that they were marketing those bonds to “investors abroard.” …Abroard! and at an exact exchange rate of 1095 IQD. [Is 1095 an entrance rate to the world markets?] Possibly…but all we want is for the IQD to go outside of Iraq…become an exchange rate that other currencies can exchange with. [if they do enter at 1095, a float is inevitable IMO.] Not necessarily so. Remember, the CBI can not delete the three zeros from the current program rate of 1166…it needs an exchange rate. [can they just adjust it?] Yes, the CBI by law owns the cuurency….the GOI just uses it. The CBI can do whatever they feel is best for the currency. [didnt they say they wanted to be comparable to Kuwait’s rate?] Yes that is true…they still want to do that.
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[Q. Tell me your opinion on the dynamics of this administrations deal with Iran…Can this dynamics change delay or torpedo the RV along the CBI’s previously stated targets for revalued currency?]
The deal with Iran is definitely going to have an impact…In my estimation, this should push Baghdad to move quicker, which would also push the need to revise the value of the currency.

TNT : MARTHA UPDATE: Countdown to the bank, 1 AUGUST

We are definitely in the moment. We know that the r/i,r/v is done. Officially,according too Tony will be april 22,2015. We also know that Iraq had 3 months to pull this together thus July22,2015. Now with completion of all the necessary laws and the need to start paying their debts,income and people,it is time for a reality rate. We will all see this at the same time,the world banks,the US banks and finally US,the Dinarians. We have all arrived.

Today is 8/1 and we now have a checklist of items that have to show everyone that Iraq has arrived! Today should be the implementation of the taxes and tarriffs. The banks are nopen today in Iraq and I believe that with their new cards they are international. 8/2 is ISX,and they also implement their cut in their salaries.
On 8/3 Greece's stock market also reopens and we need to watch what may or may not happen. and on 8/5 salaries are to actually be paid.
I only ask that everyone watch.I hope that Tony will tweet us about the tarriffs,today
We are there and we are in the moment. Now it is time to bring this "baby" to the World