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Wednesday, August 5, 2015

SCZIN11 UPDATE, 5 AUGUST

I'm told it is not implemented...tariffs.] THEY ARE IMPLEMENTED.  THE TARIFFS ARE A WASTE OF TIME WITHOUT AN INCREASE IN PURCHASE POWER...THAT IS EXACTLY WHAT WE ARE SEEING IN THE NEWS NOW...JMHO. THE PEOPLE CAN NOT PAY MORE THEN THEY ALREADY CAN NOT AFFORD.

[I think the fact that the tariffs are in place and the country is in an uproar about it will bring the change we need to bring up the value...now they will demand that the laws be put into place to move the country forward.] IMHO, THEY WONT MAKE IT LONG ENOUGH UNDER THESE CONDITIONS, TO PASS LAWS SOME CLAIM ARE NEEDED..JMHO.

THE AGENDA THRU AUG 15 ALREADY PUBLISHED.   THE "IMPORTANT" LAWS ARE NOT INCLUDED...NONE OF THEM.  TODAY RELEASE, COMMITTEE FINALLY READY WITH INVESTMENT LAW AMENDMENTS...READY TO BRING FOR A VOTE...BUT MUST GET ON AGENDA FIRST.  ANY OTHER LAW, NOT READ YET, AT A BARE MINIMUM, IF THEY STICK TO WHAT OUR UNDERSTANDING OF CONSTITUTION IS, WILL TAKE A MIN. OF ONE MONTH TO GET TO THE GAZETTE.

YOU CANT HAVE TARIFFS, SAY THE PRIVATE SECTOR IS THE KEY TO OPEN MARKET WORLD ECONOMY, WTO, ETC...WITHOUT PURCHASING POWER...   I AM SIMPY RANTING RE THE NEED FOR ALL THE LAWS, IN ORDER FOR THE COMPLETION OF THE MONETARY REFORM. 

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 5 AUGUST

Highlights of Tony's CC.  Updated as the call progresses.  

Tony:  Nothing has changed.  Did not get any information this morning.  People are really quiet for some reason.  Just like yesterday.  Get ready, get ready.  Be ready, be ready.
DC: 
CURRENT WINDOW:   Tony:  Waiting for something we don't have a clue about.  They keep saying, "any minute, any minute." 

IRAQ:    Yesterday an article came out that said the cut of GOI official's salaries would not happen.  Tony:  When they had said they would do it.  Expect that will change as soon as the RV is announced.  I still think we will see that.
  • People not paid yet for August.  The day for this to happen has not become known yet.  Sixth or seventh possibly.       
  • Banks:  All the banks in Iraq scheduled to go back too each province on Saturday. In charge of their own banks.  
  • TV              Mosques   Have told all their people they would be International in August and Iraq would be wealthiest region in the world.  
  • Protests in the street and getting larger daily:  Told today by finance minister of changes coming.  Protesting power outages, tariffs, no money to pay tariffs.
  • ISIL
INTERNATIONAL:    
  • Puerto Rico:  Tony has not heard anything about Puerto Rico that would or would not impact the RV release.   
  • Rates:   Tony:  Rates are there.  Yesterday, one rate was live for a couple of hours.  Some people stumbled up on it and exchanged.   
UNITED STATES:     
  • UST:    
  • Banks: held people on Monday till midnight waiting for it to happen and it did not.  Still have people in positions for it to go.  Bank memo's have literally been saying, "any minute."
  • Double Dipping: Those previously who exchanged, received SKR's and then purchased more Dinar, "double dipped," had their funds taken from them. 
  • Packages:   No news on the exchange process or packets.              
EXCHANGING:    May take 24-48 hours before they let us jump in.
Caller reported XE currency web site showing ZIM at .13 rate.

CLOSING STATEMENTS:

PAM:   My message has been to be prepared but to be flexible.  We’ve all been thrown a surprise with the reserves going out.  Bottom line, diversify!  Don’t have it all in one basket.  If your relying on one currency and it doesn’t go through, then have another.  Diversity is probably the most important ??? (gift) we can give you.  Adjust and move on.
RAY:  When are we going to see it Wednesday?  Things are happening.  Windows closing, doors opening.  Are you ready?

TONY:  They said, when one door closes, another opens.  That’s Plan B.  Don’t rely or hope this happens and they are going to let everyone get it.  I’m sure 99% that is not going to happen.  Put plan B into motion.   Plan on what you actually have and go forward with that.  What is my plan from here?  I was going to buy or pay on reserves today,   Okay let me buy this currency instead.  Don’t just sit and mope.  Create a new dream from right where you are right now!   Right now, plan for what happens the day this happens or if this does not happen for another day or two, what can I do to better prepare me.
I think everything is good.  Telling us any minute now it’s going to happen.  If it doesn’t. . . then there is more time to physically own currencies.  What ever one you choose.  Go with the options you have.  Can’t do anything about reserves cut off, why or who cut them off.
Have your 10 things ready.  If they are going to give you time, then use the time.  Make sure you have a plan for what you have.

Have a SuperFantastic day!  Hope this is sooner rather than later.  Check to see if we have enough to pay the bills.  If we do we will be here.  Everybody should have a plan at this time.  Enjoy your day.
Check back.  I still have some notes to add.- Sunny

TNT CC NOTES, 5 AUGUST

Replay 605.562.3179, PIN CODE 409029#

http://events.instantteleseminar.com/?eventid=73177176

Tony:  Good morning, TNT!  Today is Wednesday, August 5, 2015.  Sorry we are a little bit late, but we are here although the RV is not, but we are waiting for it.  We’re 15 minutes late, but not late at all because nothing has happened.  We didn’t get any information his morning, people are being very quiet and they say nothing has changed.  It’s like yesterday:  get ready, be ready.  On Monday, banks kept their people until midnight waiting for this to happen and it did not happen.  Yesterday there was another round of ‘get ready’, and here we are this morning.

No one is upset, they are just waiting for something we don’t know about.  One of the rates was live yesterday, for a couple of hours.  Some people accidentally stumbled upon that and did some exchanges.  That will probably happen throughout, and I don’t know if it will be one currency or several, but the rates are really and better than we have seen.

From Saturday, the Iraqi banks will be independent within their territories, under the overall control of the CBI. They will have to follow the guidelines, but this hasn’t happened in years.

Something will have to show up when the ministers and PM get paid, because their salaries were supposed to be cut in August.  They have already made that decision, and now they are saying they decided not to do that.  This news came out after the call, and now they are saying that didn’t pass, but I think that will change after the RV is announced.  Otherwise they will be making ridiculous amounts of money.

We don’t know why they haven’t done it, but people are in position for it to go.  We just don’t know what moment in time it will happen.  People haven’t been paid this month yet.  In June, they said they would make payments in July and then people would get regularly scheduled payments, in August.  We’ll have to wait and see.

617 caller:  I guess there is nothing to ask, so I’ll pass to 404 and see if she has any good questions.  Vegas, Vegas, Vegas!

404 caller:  About the Puerto Rico default – what impact might that have on the RV process?  Could it slow us down at all?

Tony:  I don’t think so.  It’s not like Greece, which was mainstream news that threatened to take down Europe.  We’re not hearing much about that at all.

404 caller: What about the package?

Tony:  I haven’t seen it, I don’t even know if there is one because nobody is telling us anything about that.  As Pam says:  You know what to do, whether we are here or not.  When the firing gun goes off, just do what I told you.

404 caller:  With respect to the currency dealers and reserves, what are your folks saying about those who have exchanged early with SKRs – have they been able to get access to their reserves?

Tony:  Everyone who was paid out before was supposedly paid out on what they had on hand.  Anyone who went back and double-dipped, they closed their accounts. That is what we were hearing at the time.  The difference is that they went out and bought enough physical dinar because they knew they could exchange at that time.  The super-rich can buy what they want;  they don’t need to buy reserves.

Caller:  I heard that President Masum ducked out of the opening of the Suez Canal due to matters at home.  Do you think celebrations might be involved?

Tony:  Yesterday, I kept hearing “any minute, any minute, any minute”…

Caller:  And nothing has changed, right.   Vegas, Vegas, Vegas to Tony can go!

503 caller:  I’m a bit concerned about reserves because I cannot seem to renew mine.  I can’t believe the government is doing this to us.  Otherwise, Vegas, Vegas, Vegas!

248 caller:  I’m down in the bayou in Louisiana, having moved from Michigan a week ago.  Are there places to exchange other than New Orleans?  I’m an hour away in Homer LA.

Tony:  If you go down to the end of the path and turn right, and go through the swamp… I’m sure there is going to be a place for  you to exchange.

Caller:  There is a Chase bank here – will any Chase be able to exchange?

Tony:  Not every bank will be an exchange location and it depends on how much you have.  When we have the phone numbers, they will tell you where to go.

Caller:  What about the connection with China?  Is that the one that will receive a lot of these oil credits?

Tony:  China is receiving the oil credits from groups they have contracts with.  The US will receive oil credits from the banks as people exchange.  I’m not saying every group is associated with China, but there are some large groups that do.

Caller:  Good, because I’m committed to sustainability.  [Appreciation]  Vegas, Vegas, Vegas!

717 caller:  I hope this goes because my Mac officially died. Today’s transcribing might be a little iffy.  Someone in chat actually offered to send me a laptop, but I’m working with the software.  So please be patient for the verbatim transcript. [This is ZebraGirl.]

Tony:  Thank you for all those transcriptions and people will just have to be patient.

Caller: I’m taking a few days off next week, but I’m  hoping it’s done by then.  You said that some people stumbled on the exchange.  They are doing this peekaboo thing on us, so do we just continue to behave well, or start asking the banks?

Tony: This person exchanged and sent me a copy of the receipt, and that is not the first time this has happened.  However, if I told you guys to go to the bank and have them check every day, I’ll get a phone call saying the PTB are pissed off at me.  The banks sent out a memo with my name on it, saying ‘don’t tell Tony anything!”  That is just ridiculous!  I’m here to help, not to hinder any bank.  I don’t want to say NOT to do that because some of you may miss an opportunity.  I want to let you know it has happened because this is going to happen.  Some have already changed zim and dong because they happened to be in the bank that very moment.  I’m telling you so that you can keep the faith that this is happening, even if it’s not for the general public.  They were doing something during that 24 hours, but it’s not happening today, that we do know – we called, and they said that they already changed it back.

I’m not saying to call the banks every day because you and they will both get frustrated. Let’s have faith that this is happening, and that what they had to do to check that particular country or system.

Caller:  If you weren’t here to keep us calm, we would probably all be driving buses to the bank.  You are really their best friend, so I hope they are listening. So thanks so much, and Vegas, Vegas, Vegas so we all can go!

410 caller:  It sounds to me that everything has been covered and we are sitting here.  See you then in Vegas, Vegas, Vegas!

219 caller:  I’m super-fantastic as well!  I was looking over the list of Ten Things, and I know you have said you’re not sure about the taxes, but the list says to pay the taxes next year…

Tony: We just don’t know about the taxes, so don’t spend that money until we do know.

Caller: About the 3-D printers – should we invest in the machines or the stock or both?

Tony:  Let me go a little more in-depth on this, because there are always some things I am holding back.  I do say that 3-D printing is the industry of the future.  It’s going to be so integral in our lives, and everyone will have a 3-D printer in their home.  People will have 3-D cars – what does that say for the automobile industry, the repair parts, etc., when people can download the pattern and print parts themselves?  Now they are printing heart valves, and maybe even hearts, so where will that industry go?  You can go online and buy all sorts of things that have been made on a 3-D printer – already.  A few weeks ago, there was a pregnant lady who is blind;  she went in for a sonogram, and they printed up the image and laid it on her stomach so that she could feel her baby.  That kind of printer can do so many things;  the industry will be huge and people can make a lot of money off it.  If you google this topic, look for the top five companies – none of which have gone public yet.  Do I want to be part of this before it goes public, during the IPO or afterwards.  Invest BEFORE it goes public – that’s where you’ll make the most money.  Tell your wealth manager that when these companies go public, you want to go in as soon as it hits the market, because it will do nothing but go up.  Somebody will be the industry leader, and there are a couple of companies to get into.  There is a secret to all that which I am not giving you because there are too many people on this call and I would get left out.

Caller:  Thank you!  [Appreciation]

318 caller:  I was looking on xe.com – is that a legitimate website for currency rates?  Because it was showing 13 cents for the zim.

Tony:  I don’t know.  That is close to the rate we’ve been hearing.  You never know.

Caller:  If Iraq does NOT go, what will happen?

Tony:  Nothing.  Life will just go on as it is.  However, they are supposed to join the WTO this month and they can’t to that without a real rate.  They have been telling their people it would be done by now.  It’s all supposed to be done by August, and the banks have been telling their people not to have vacations this month or next.  Iraq is constantly telling their people they will be the richest in the region, as with pre-Saddam rates.  It sure looks like everyone is ready and expecting this.

“This is what happened in Iraq this morning.  Folks are protesting the tariffs and the lack of electricity. Being told by the Finance Ministry that this is happening is only making this worse.  They are protesting in the streets now.  I don’t think they will let it deteriorate.

Caller:  Vegas, Vegas, Vegas!  Thank you for all that you do.

Tony:  I really want to make a joke about me and three-letter agencies, but I think I’ll wait and talk it over with DC first.

585 caller:  Someone said their group exchanged yesterday.  Are you aware of this?

Tony:  Supposedly SKRs have been deposited.  I am aware of somebody in a group who has been struggling, that person last weekend bought two very expensive cars.  They said they can no longer talk about the currency, either.

Caller:  There are groups that have been exchanging for the last two years.  You told us not to join any groups, so I’m wondering if this is the slow rollout.  Are they getting contract rates?  If we find that they have finagled all this crap, will there be people who  will expose the corruption going on?

Tony:  Okay.  First of all, the people getting paid have had contracts/agreements outside the UST.  People have been exchanged with PENDING amounts in their accounts, and they were able to draw part of their money every week or month.  Some other people got all their cash;  we have seen the receipts.  There is supposed to be a portion of the contract rates set aside for the general public.  The banks did give out some of the contract rates, and some people have had their accounts frozen because there are people tracking all that.  I don’t think it will affect the internet public at all.  The general public will not get the contract rates;  it’s for those who are on this call, monitoring and paying attention.  So far as we know the opportunity is there, the rates are on the screens and we will be part of that.  I am sure that if there is a problem, there are people who are ready to stand up to make sure the fair thing is done.  If it is not, they are prepared to do what needs to be done.

You can always keep everything quiet until one person breaks.  That leads to the next person, and the next.  The dominos start to fall, and then it goes public. It’s not a good time for that to happen, so I think we are still in a good position.

Caller:  Do you think that we will be able to exchange before November?

Tony:  They keep telling us it’s over, it’s done, we’re ready and waiting.  But we’ve been hearing that for the last two months.  So ‘it’s done’ just means that we’re not fighting any more, certain situations have to be done and then we’ll see it.  The memos are saying ‘any minute’, so it really is upon us.

I have been told by the three-letter agencies about the backgrounds of some of the groups and the people behind them, that there is a list of those that will be picked up when this is all over.  I have been approached by some to be part of the groups, which I have absolutely refused to do.

Caller:  Did the federal government shut down the reserves or what?

Tony:  Two years ago, we talked about his and kind of told people to stop buying reserves, don’t do that, you have enough.  Two years ago, I said that they wouldn’t let people have that much money.  Whether it was planned or by chance, things are happening that way, so I wouldn’t count on getting any reserves. That’s my personal opinion, but it doesn’t take much to figure that out.  Instead of dwelling on that, have a Plan B.  So all that money you were doing to use to catch up your reserves, ask where the best position for that money is now.  You can’t get those reserves, so what CAN you do to make the most of that money now?

Caller:  So the government is telling you that there wouldn’t be reserves...?

Tony:  I’m not saying the government is telling me anything.  Common sense says to use that money in other ways.

313 caller:  Have you heard of a dinar guru called Wang Dang?  He was saying some disturbing things and I would love you to comment on it.

Tony:  I can’t answer for what he does or says…

Caller:  He said that the dong is dead, it’s not going, it’s got sanctions because China was extorting them, and the IMF found out and they shut down the dong.

Tony:  As of yesterday, the dong still had a rate, and as of two minutes ago the dong was being traded, so how dead is it?

Caller:  He also said nothing will happen until the amnesty laws are passed.

Tony:  The Goat has been saying that for two years.  My understanding is that all those laws have been passed, they just haven’t been made public.  I don’t know what we are waiting for, because I’m being told everything is ready and nobody is talking to me about the amnesty laws.  You would think that Iraq would let this go because they don’t want this slide back into the former conditions.  I’m sure they have worked out who will be tried, imprisoned or even executed. The former regime was abusing and killing people, and I think they deserve whatever they get.  But I’m not on either party, and I’m not hearing that is what we are waiting for – not that nor HCL, which was also approved months ago.  I don’t understand what is going on either.  Abadi is just making the government look bad, like they are lying to their people when they announce this over and over again and it doesn’t happen.  I can only think something is going on behind the scenes…

208 caller:  I’ve seen a lot of comments about that time on the call when I cried.  I had a lot going on that day, and you have just been such a light and support to all of us.  I know you are doing this at your own cost, and we appreciate you very much.

Tony:  The site costs money to run, and we do appreciate all the help we can get, because we want the site to be here as long as it can.  But it’s not just about me, or about money to keep the site running.  A lot of people put a lot on the line every day to get this information to us… not just in this country but elsewhere as well.  We don’t’ do this for the money or the site, but because we have a sense of responsibility to you.  If we don’t do this, who will?  Who else will come tell you the truth, not just about currencies but about finances, taxes, future generations, how to protect your money, how to take 100K, to spend that money and get it back at 10-20%?  There are ways to spend your money AND get it back!  I have spent five years trying to explain these things.  Pam says, “You can’t save everybody” but I hate to think of people missing this once-in-a-lifetime opportunity.

But you can’t do this without being noticed. There are people listening to our phones, taking notes, mentioning us in memos.  That is just crazy to me, that they sent out a memo telling them not to send information to Tony!  Every agency ran a background check on me, for heaven’s sake! On Tuesday was the first time I looked at my identifying number at each of those agencies. That is the price you pay for doing the right thing now.  People have sacrificed enough to put this information out to you guys to be in that same position.  So it’s not really about the site, it’s about the people who have paid and will pay just for giving us the information.  The entire TNT team appreciates that because we know what the other side is like, too.  We really appreciate all our contacts and what they are going through, being watched all the time.  I’ll take one more call so that we don’t’ end on that note.

941 caller:  Are we getting anywhere?

Tony:  Well, we’re at ‘any minute, any minute, any minute’ now.

Caller:  If it doesn’t happen within a few more weeks, is there anything we can do?  This cannot go on forever, and someone has to step up and do something.

Tony:  It cannot go on forever, and there are daily announcements saying “this is it”.

Caller:  They seem to postpone, postpone, postpone.  Over 100,000 people have exchanged and meanwhile we are suffering and the nation is suffering.

Tony:  This administration isn’t doing anything that previous administrations haven’t done – we just didn’t know about it.  They have caused some delays because there were issues that would have affected all of us.  Of course it’s unfair that some have got paid and we haven’t yet, but that is the reality and all we can do is be prepared.   If this goes and we don’t’ get paid, then we still have options.  But right now everyone is on the same page, with the rates showing up as they said they would.  There are people at all levels who can see what’s going on, especially when it goes global.  They cannot hide the flow of money into accounts, people leaving their jobs and all the rest.  They have to do the right thing because there are too many people watching this.

Caller:  [political blether]  Vegas, Vegas, Vegas!

Tony:  Okay, I will read this quick question:  “why would they send memos out so that you won’t know?  I thought the banks wanted us to exchange there!” Sometimes the bank think that I give  out too much information about the process. They have their own way they want you to come in, and hopefully they are giving us a package.  They may want the first 24 hours on their own instead of having you champing at the bit.  Before we use to get phone calls saying “we’re going to do this but don’t give that out” and I said “okay” because I want to help this be smoother.  Now they want to cut off all the information, but I’m getting the memo!  I do ask if there is anything that they don’t want me to say, and they might say “Don’t say it’s happening at 3 o’clock”, so I’ll say “It should happen between now and Thursday”, just for example.  That’s what I meant – those are the things they don’t want Tony to know, even thought it might help to give me a hint.  I’m trying to be a team player.  I’m here to help and get it done, and to be a voice for the people to make sure they understand.

813 caller:  I’m unbelievable.  I was on the phone with you last week hoping this happens before the 12th as otherwise we will be homeless.

Tony:  I really hope that with you.  Anyone who can be spared, I’m hoping and praying with you.

Caller:  We’ve been praying.  I’m disabled, my brother came home with PTSD, and we cannot wait until the 12th, so I hope it goes before then.  Please, the powers that are out there, we are just praying it happens right now.

Tony:  I hope it happens right now, too!

Caller:  If it happens before then, I will come to Vegas, Vegas, Vegas if you let me sing.  You know this isn’t over until the fat lady sings.

Pam:  What a call today.  Be prepared but flexible.  We’ve all been thrown a surprise with the reserves going out. Diversify;  if you were relying on reserves, do something else.  If you have one currency, diversify into a number of currencies.  We have to adjust and move on.

Ray:  When are we going to see it Wednesday… things are happening, windows are closing, doors are opening… are you ready?

Tony:  When Sterling closed, I said everyone should have Plan B, don’t count on them releasing the reserves.  Use that money somewhere else.  You are not getting what you thought you would get but revise your plan and buy more currency or reallocate what you have already.  But another currency instead and see what you can do with that. Don’t mope and say they have ruined your dreams.  Create a new dream from right now.  Afterwards there will be options. Right now, plan for when this happens, and how you can make up for what you thought you were going to have.

They are telling us this is happening ‘any minute now’.  If it doesn’t happen today, you have a little time to buy more currencies to make up for your reserves. If you don’t have reserves, then just stick to what you already have.  We can’t do anything about the reserves, so plan for the future.  Make your plan for what to do with your money.  Some have said “I’m glad it didn’t happen two years ago, because I wouldn’t have been able to plan for the future.”  If they give you time, use the time.  If they don’t give you time, make sure you have a plan for today.  I hope this comes in right away; otherwise, we’ll see if we have enough to pay the bills.  Everyone should have a plan by now.  Enjoy your day! 

DINAR GURUS UPDATE, 5 AUGUST

8-5-2015   Intel Guru Frank26   [Once upon a time many years ago...a man named XXX said the layaways would have to end...right before... IMO...]   OK...Here it is:  iMO ... Powers do not want Layaways sold any longer. You know why? Cause they are GUARANTEED over a 30 to 60 day period.  if...If...IF... The RI/RV is near...This has to stop...This is a Fact of DRS  [Dr. Shabibi] MR [Monetary Reform]  of his CBI's Dinar.

8-5-2015   Newshound Guru Kaperoni
   "The central bank plans to put up for the benefit of financial bonds worth two billion dollars"   As far as I know, these are domestic in country bonds being sold.  International or bonds sold to the world market is scheduled for the end of this year..not at this time.  There is a good chance if the GOI funds the budget (increase in oil prices, or other sources) they will not even issue the international bond sale.  It is a last resort IMO to make meet the deficit.

8-5-2015   Newshound Guru Enorrste
   Quote:  “The Federal Reserve's primary method of reducing the money supply is to sell Treasury securities; more simply put, they sell government bonds. This is often referred to as contractionary monetary policy. By selling bonds to the public (including commericial banks, financial institutions, and the average citizen/investor) the Federal Reserve sells a bond and takes cash out of circulation.”  First, selling bonds reduces the money supply rather than increasing it.  This is basic economic monetary policy.  Second, it seems clear...that the CBI will remove the dinars that they receive from circulation, thereby putting upward pressure on the value of the dinar. The important thing here is that the bonds are being issued in order to reduce the money supply while at the same time making it possible for infrastructure loans to be made by the holder of the bonds.

8-5-2015   Intel Guru SteveI 
  [Do  you still thinking the rate will be 3+ range?]  Yes, I believe based on the region they are in and oil sharing with Kuwait, anything less would not work.

8-5-2015   Newshound Guru OOTW
   Quote:  "REDUCING THE LEAD OF THE NATIONAL CURRENCY" THIS LINE IN COMPARISON WITH THE TITLE OF THE ARTICLE, LEADS ME TO BELIEVE THEY ARE SIMULTANEOUSLY STATING THAT THE DINAR HAS LOST ITS RIGHTFUL LEAD POSITION IN THE IRAQI ECONOMY AS WELL AS A POSSIBLE IMPLICATION THAT THE LEAD ZEROES MAY NEED TO BE REMOVED, THUS ADDING VALUE.  THIS ARTICLE MAKES IT SEEM AS IF THEY'VE A LONG WAY TO GO...TRULY, MUCH OF THIS HAS BEEN , OR IS ALREADY BEING WORKED ON...   IMHO, OUR HOLDING IN THE DINAR - AND THE FORWARD MOVEMENT OF WATCHING FOR AN INCREASE IN THE VALUE...REALLY JUST GOT STARTED IN SEPTEMBER, LAST.  WE TRULY ARE MAKING GREAT PROGRESS...PLEASE EVERYONE, BE PATIENT...   [post 2 of 2]

8-5-2015   Newshound Guru OOTW
   TODAY WE SAW A GREAT PRESS RELEASE FROM KEYWORDS - AN ACTION PLAN FOR ASSIGNING VALUE TO THE IQD!   Article  "Financial crisis: devaluation of the Iraqi dinar is it the solution?"  WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR...IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED"  BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED.   

TNT CHAT UPDATE, 5 AUGUST

TNT:

Iko Ward:
  Well the markets are up, Forex polled this morning at 1127, ISX continues to climb out of its hole and back over 900, CBI continues its love affair with Canada at 888.381, Gold staying in bounds, oil up up a buck.

Guess it's another "Where is it Wednesday?"

The ISX news stands out. That's a 2.5% rise in the last two days. Somebody is showing faith in their market…. Be nice if it zooms back to 1000 by Friday.

Iko Ward:
  For those of you who want another perspective. This TED Talk on who controls the world will be interesting. It also helps explain why we've had such a slow roll out, but not in the way you'd think..    https://www.youtube.com/watch?v=cWVk8Cdvmgs
....
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June1:  IKO - Did you read "The New Global Reality Rate!" on recaps this morning? Please pm or tell us what you you think? Do not understand those dates - our RV would happen before those dates -right?!!

http://www.dinarrecaps.com/our-blog/backdoc-at-ktfa-the-new-global-reality-rate

Iko Ward:
  June, I agree with the conclusion but the RV needs to be in place in order for it to change so the date is totally up in the air, both for the RV and the Fiat System. This is one of those pieces of intel that becomes part of the PTB's playing hand. We are just spectators watching the action.

Iko Ward:  To clarify, IMO we are right there for this to pop. Any minute.

Red:  When we all collectively get too excited the PTB network knocks us down…. when we all collectively get too low they leak some good Intel to us …they have a plan and they are in control Jim ho

************

PollySue:  So did the Iraq bonds go on sale world wide or was it in country only?  Iko to me it looks like in country only

Iko Ward
:  The bonds are like building a race car. First you start the motor on a stand, then pout it in the car and run the car on a dyno, then take to the track fir a few test laps, then run it in a local race, then take it out on the circuit. If it all goes well you get to race at Indy.

PollySue:  Iko so with what you said than, it could take a while for Iraq to have it up and running smoothly.

Iko Ward: Polly, yes, it looks sloppy to us westerners but it seems this is how they do everything. It works for them.

Iko Ward: The ISX site is still scrolling all the banners from last week. Maybe that guy thinks it's still too hot to come in to work.*

ENORRSTE UPDATE, 5 AUGUST

Quote: “The Federal Reserve's primary method of reducing the money supply is to sell Treasury securities; more simply put, they sell government bonds. This is often referred to as contractionary monetary policy. By selling bonds to the public (including commericial banks, financial institutions, and the average citizen/investor) the Federal Reserve sells a bond and takes cash out of circulation.”

First, selling bonds reduces the money supply rather than increasing it.  This is basic economic monetary policy. Second, it seems clear...that the CBI will remove the dinars that they receive from circulation, thereby putting upward pressure on the value of the dinar. The important thing here is that the bonds are being issued in order to reduce the money supply while at the same time making it possible for infrastructure loans to be made by the holder of the bonds. 

OOTW UPDATE, 5 AUGUST

TODAY WE SAW A GREAT PRESS RELEASE FROM KEYWORDS - AN ACTION PLAN FOR ASSIGNING VALUE TO THE IQD! Article ”Financial crisis: devaluation of the Iraqi dinar is it the solution?"  WHEN THEY SAY "DEVALUATION" THEY MEAN LOWERING THE FIGURE IE AMOUNT OF THE FILS -MOVING CLOSER TO THE VALUE OF A DOLLAR...IN EFFECT "LOWERING" THE NUMBER, IE, MAKING IT "DEVALUED"  BUT IN EFFECT, INCREASING THE VALUE AS THE NUMBER AMOUNT/FILS OF THE DINAR ARE REDUCED.Quote:  "REDUCING THE LEAD OF THE NATIONAL CURRENCY" THIS LINE IN COMPARISON WITH THE TITLE OF THE ARTICLE, LEADS ME TO BELIEVE THEY ARE SIMULTANEOUSLY STATING THAT THE DINAR HAS LOST ITS RIGHTFUL LEAD POSITION IN THE IRAQI ECONOMY - AS WELL AS A POSSIBLE IMPLICATION THAT THE LEAD ZEROES MAY NEED TO BE REMOVED, THUS ADDING VALUE.  THIS ARTICLE MAKES IT SEEM AS IF THEY'VE A LONG WAY TO GO...TRULY, MUCH OF THIS HAS BEEN, OR IS ALREADY BEING WORKED ON.

IMHO, OUR HOLDING IN THE DINAR - AND THE FORWARD MOVEMENT OF WATCHING FOR AN INCREASE IN THE VALUE...REALLY JUST GOT STARTED IN SEPTEMBER, LAST.  WE TRULY ARE MAKING GREAT PROGRESS...PLEASE EVERYONE, BE PATIENT. 

Iraq Has Large Amount of Hard Cash Reserves: Finance Committee, 5 AUGUST

Iraqi Dinar 123 News:– On Tuesday, the Iraqi Parliamentary Finance Committee has confirmed that Iraqi Central Bank has significant amount of hard cash reserves and it will be used to support the Iraqi dinar currency, which will increase in the exchange rate of Iraqi dinar currency. He also pointed out that state treasury was empty when current government took charge of state treasury. The Iraqi Finance Committee member Masood Haider also added that Iraq has large amount of hard cash reserves and it will be used to stabilize the Iraqi dinar currency which will empower the strength of Iraqi currency.
He further said that when current government took charge of state treasury, it was in a critical stage because state treasury was totally empty. The previous Iraqi government left nothing in state treasury of the country. Only one billion U.S dollars were found by the Ministry of Finance in the treasury assets. But current government and Iraqi Central Bank worked very hard to empower the Iraqi economy and to stabilize the exchange rate of Iraqi currency. Now the Iraqi economy and its currency is considered more secure and stable to meet the international challenges. Masood Haider also said that Iraqi government should take some major and important measures to boost up Iraqi economy by increasing financial sources to manage the fiscal year budget. It is important that Iraq mainly depends on its oil exports.

KTFA CHAT UPDATE, 5 AUGUST

KTFA:

RE: Dinar dealers closing layaways:

LoveThisFamily » August 4th, 2015, Once upon a time many years (and servers, lol) ago....a man named XXX said the layaways would have to end....right before.... IMO and IMMemory.   Sounds good to me!

Frank26:  OK ........ Here it is:

iMO ........... Powers do not want Layaways sold any longer.

You know why?

Cause they are GUARANTEED over a 30 to 60 day period.
....
if.....If....IF ......... The RI/RV is near ......... This has to stop.

There are facts of Life ........... This is a Fact of DRS MR of his CBI's Dinar.

TA DA ........ KTFA    Frank


**************

Bluedog:  WE ARE GETTING READY TO PICK UP OUR KMART LAYAWAY SOON THEN .......WAIT KMART JUST TOLD US LAYAWAYS MUST STOP ….NO NEW LAYAWAYS IN MENSWEAR LOL OK ....... NOW OR DOWN THE ROAD WE’RE CLOSE TO WEARING THOSE KMART CLOTHES ................ Bluedog

*************

Frank26:  Hmmm.........

When i went to K Mart they told me it was a scam ........lol

NOT !!!!!!!!!!!!!!!!!!

KTFA   Frank


************

Bluedog:  THEY TOLD ME THE SAME ............. .............. ACTUALLY KMART TOLD ME NOT TO WAIT FOR MY CLOTHES ................. THAT I MIGHT WANT TO BACK MY PURCHASE OUT AND THINK ABOUT IT ................ ........... WELL IM WELL INFORMED PERSON YA KNOW SO I JUST LEAVE AND LAUGH ............ Bluedog

***************

66GTO: .......That sounds like a "Target" date to me... at a Kmart- Green light - Go gitterdone sale to me

***************

ThunderHawk :   TA FEAKIN DA !!!!  RIGHT ON FRANK!! 

**************

B: It's a BLUE LIGHT SPECIAL, I'm TELLIN YA!!!

***************

Frank26:  A Doppler Shift to the left will make it Red............ Or a Rate Change.

***************

bernice : Frank.....if country keeps saying verge of bankruptcy. ....why can't they just do it....everything seems to be n place....why continue to drag out....other than back to same old senerio...where given a white car that's great but want red one instead...

***************

Frank26:  Liquidity and bankruptcy haunts Iraq ......... But it will not over take them such as ......... Inflation should.

Why?   Oh for many reasons .......... From the LOANS to INVESTORS that maintain them until they lift the 000's. But mainly it is what the KURDS do with their OIL right now.

Our needs exist in a much FASTER dimension than the one the MR moves in.

Our primitive eyes only see delays and frozen moments.

BTW ...... The car's color is ........... Full Spectrum.  KTFA  Frank

BACKDOC UPDATE, 5 AUGUST

IT’S TIME TO LOOK AT THE COMING NEW REALITY!

BY NOW YOU ALL SEE THAT WHAT WE WAIT FOR IS SLOWLY COMING TO FRUITION. JUST WHEN YOU THINK YOU’VE CAUGHT THE GINGERBREAD MAN.....

HE GIVES YOU THE SLIP AND HE TELLS YOU, "YOU CAN’T CATCH ME, I’M THE GINGER BREAD MAN"!

WELL, WHAT HAPPENS IF HE GETS CAUGHT IN A FLOOD? YA, HE MELTS INTO HIS NEW SURROUNDINGS. INDEED, THE "GINGERBREAD MAN” IS THE OLD “FIAT CURRENCY SYSTEM”!

THIS OLD SYSTEM HAS RUN HARD AND LOOKS TO TAKE US TO SEPTEMBER. I AM USING SEPT. 14TH AS A REFERENCE POINT, GIVE OR TAKE A WEEK IN EITHER DIRECTION! I LOOK TO SEE MARKETS MELTDOWN LIKE A FLOOD THEN!

THE OLD SYSTEM NEEDS TO GIVE WAY FOR THE NEW!HEY DOC, WHY DOES GREECE CONTINUE TO JUST HANG IN THERE WITHOUT A DEAL? AND WHAT’S UP DOC WITH PUERTO RICO? WHAT GIVES? WELL, GLAD YOU ASKED!

BY NOW YOU ALL KNOW WHAT I TOLD YOU MONTHS AGO THAT BLACK GOLD WOULD BE UNDER GREAT PRESSURE AS WELL AS GOLD AND OTHER COMMODITIES WHILE THEY ADJUST TO THE DOLLAR.

YES, THAT HAS BEEN THE CASE OF COURSE. WE ARE IN A GLOBAL DEFLATIONARY CYCLE WORLD-WIDE! THE WORLD'S UNIVERSAL CURRENCY, BLACK GOLD, IS RE-ADJUSTING THE WORLD'S NEW GLOBAL REALITY VALUE! MMMM

THE CURRENCY OF BLACK GOLD EFFECTS ALL WORLD ECONOMIES FROM MANUFACTURING, ROADS, TEXTILES, PLASTICS, AND ESPECIALLY SHIPPING AND TRANSPORTS!

IT EFFECTS THE PRICE OF FOOD AND DELIVERY COSTS WORLD WIDE! EVERY ASPECT OF THE WORLD'S ECONOMIES ARE IMPACTED BY ITS PRICE!

AS THE PRICE DROPS IT CREATES A DEFLATIONARY IMPACT ON ALL GOODS AND SERVICES.

REMEMBER I ALSO TOLD YOU THAT A NEW FINANCIAL GLOBAL LANDSCAPE FOR BUSINESS WILL EMERGE AS A RESULT OF IT! YES IT WILL! I ALREADY SEE THE BIRTH PAINS OF IT.

REMEMBER... I SAID THE LOWEST EXTRACTION COST WILL WIN!

WELL, WHO ARE THOSE PLAYERS? MMMMM QUITE OBVIOUS ISN’T IT?

MY INTUITION TELLS ME A DEAL WITH IRAN WAS STRUCK TO ALLOW IRAQ TO REVALUE!IRAN GETS OUT OF SANCTIONS WITH A RATE BACK ON THE FOREX AND MALIKI GETS TO RUN LIKE THE GINGERBREAD MAN OVER TO IRAN! WITH ABADI CONFISCATING HIS PLANE, MALIKI WILL STAND IN IRAN SAYING: "BUT BOSS” DE PLANE DE PLANE! HEE HEE

STOP IT DOC, SLAP! NOW GET BACK TO WORK!

OH, SORRY, OK! I’VE JUST BEEN SILENT SO LONG I JUST THOUGHT I COULD HAVE A LITTLE FUN!

NO YOU CAN’T, NOW GET BACK TO WORK YOU SLACKER THIS IS SERIOUS!

OK, SORRY!

UP TO NOW WE HAVE SEEN BLACK GOLD AND THE REST OF ALL COMMODITIES ADJUST TO THE DOLLAR! ALL TO THE DOLLAR'S CREDIT FOR NOW! BUT SOON THE DOLLAR WILL ADJUST TO THE WORLD!

SEPTEMBER AND OCTOBER MAY ON THE OTHER HAND TELL THAT STORY! THE DOLLAR WILL CRASH IN SEPTEMBER TO OCTOBER TO REALIGN ITSELF TO THAT NEW GLOBAL REALITY VALUE AS IT COMPARES TO OTHER COUNTRIES WORLD WIDE.

A WHOLE NEW WORLD AWAITS AN ASSET BACKED SYSTEM WHICH WILL START IN THE NEW FISCAL YEAR OF THE U.S. BUDGET OCT. 1ST!I EXPECT ABOUT A 40% DROP COMPARED TO MOST GLOBAL CURRENCIES, ESPECIALLY THE ONES WE WATCH!

COULD THIS BE WHAT WE WAIT FOR? THE GREAT REPRICING OF MARKETS TO HAPPEN WORLD-WIDE FOLLOWED BY A RE-BOOT OF BANKS WORLD WIDE? MMMMAUG. 18TH TO SEPT. 15TH IS ON MY RADAR FOR INTERNATIONAL BOND SALES FOR IRAQ, WHILE MARKETS ARE IN MELTDOWN! WILL WE SEE CHINA EMERGE THEN AS WELL INTO THE SDR? MMMM

SEEMS TO ME THAT IS WHY KUWAIT IS WAITING TILL OCT. 2ND TO RELEASE ITS NEW CURRENCY!HOW ABOUT IRAQ RELEASING THEIR NEW LOWER DENOMS THEN TOO?I BET THEY DO! THEN, WHO MIGHT DRAG A LITTLE LATER BEHIND THEM IN OCTOBER? YEP! UNCLE SAM!

SINCE KUWAIT AND IRAQ WILL BE DONOR CURRENCIES OF THE SDR AND PEGGED TO IT, THE PROCESS WILL THEN BE COMPLETE FOR THE NEW UST TO TAKE ITS PLACE IN THE NEW ASSET BACKED SYSTEM.HOW HAPPY WOULD YOU BE IF YOU SAW A RATE PRIOR TO THE MELTDOWN AND YOU EXCHANGED AT THAT RATE IN THE FIAT WORLD ONLY TO SEE THE DOLLAR ADJUST AFTERWARDS TO A MUCH LOWER LEVEL GLOBALLY ONCE THE NEW SYSTEM BOOTED UP? MMMM

REALIZE I’M NOT SAYING YOU WOULD HAVE LESS DOLLARS ONLY THAT THE DOLLARS GLOBALLY WOULD HAVE MUCH LESS BUYING POWER!

IN ADDITION, THE CURRENCY YOU PREVIOUSLY HELD GOES INVERSE TO THE DOLLAR DROP, THEREFORE THE OTHER GLOBAL CURRENCIES WILL ADJUST UPWARD WHILE THE DOLLAR DOWNWARD. BY WAITING TILL MID OCTOBER IT MAY BE POSSIBLE TO SEE A SIGNIFICANT RATE INCREASE.

REMEMBER I ALSO TOLD YOU THAT THE U.S. BUDGET HAS BEEN PASSED FOR MONTHS NOW BY THE HOUSE AND SENATE AND AWAITS THE PRESIDENT'S SIGNATURE TO MAKE IT LAW. THERE’S ONLY ONE PROBLEM.

WELL, WHAT IS IT DOC?

THE DEADLINE FOR HIM TO SIGN IT IS OCTOBER 1ST! MMMMLIKE I SAID EARLIER....I FULLY EXPECT A THEATER EVENT WHICH TAKES US TO A GOVT. SHUT DOWN.

I THINK IT'S MORE THAN INTERESTING THAT NO MAJOR MEDIA IN THE U.S. REPORTED ON THIS SINCE I FOUND ARTICLES OUT OF INDIA ECT. THOSE ARTICLES STATED THE BUDGET WOULD DEFUND OBAMACARE AND CUT BACK ON SOCIAL SPENDING! ALSO WHY HASN’T EVERY DEMOCRAT BEEN YELLING TO HIGH HEAVEN ABOUT IT? MMMM

DO THEY NEED A GOOD DISTRACTION FOR THE MAIN EVENT!ISN’T IT ALSO INTERESTING THAT FRIDAY MR. GREENSPAN STATED IN AN ARTICLE THAT AMERICA'S BIGGEST PROBLEM IS ENTITLEMENTS NOT DEBT? MMMM

IS HE TRYING TO LAY SOME COVER FOR THE FIREWORKS TO COME? MMMM

NOW BACK TO THE DEAL WITH IRAN IF I MAY.

DID YOU SEE THAT THE UK JUST PASSED IN THEIR PARLIAMENT A COUPLE DAYS AGO THE RELEASE OF SANCTIONS WITH IRAN? MMMM

I THINK ALL WE ARE SEEING IN OUR CONGRESS IS A THEATER EVENT WITH MR. CORKER GRILLING THE MAN FAIRY, “JOHN KERRY” AFTER HE SPRINKLED MAGIC DUST ALL OVER THE IRANIAN LEADERSHIP! HEE HEE SORRY, NO DISRESPECT INTENDED AT ALL! HE HAS DONE WHAT HE HAD TO DO TO GET A DEAL DONE FOR NOW!

NOW IF WE SEE THE HOUSE AND SENATE REJECT OBAMA'S DEAL IT GETS VETOED RIGHT? RIGHT! THEN YOU NEED 2/3 IN THE HOUSE AND SENATE TO OVERRIDE THE VETO AND THAT’S NOT HAPPENING! THE REPUBLICANS WILL SAVE FACE AND THE DEAL GETS DONE!

IRAN WILL BE BUYING 80 TO 90 NEW BOEING COMMERCIAL JETS A YEAR FOR A FEW YEARS AS THEY SAY. ALSO THEIR PRODUCTION USED TO BE 1.2 MILLION BARRELS PER DAY PRIOR TO SANCTIONS AND THEY COULD BE AT THAT SAME LEVEL WITHIN 3 DAYS SINCE THEY HAVE BILLIONS STORED TO BE SHIPPED. BY THE END OF NOVEMBER THEY WILL BE RELEASED TO BE AT THAT PRODUCTION LEVEL! MMMM

NOW BACK TO THE MARKETS AGAIN. SORRY! I HAVE ADD TONIGHT...SLAP!

WHEW...THAT’S BETTER.

CHINA IS LEADING THE WAY FROM EAST TO WEST BUT ARTICLES TELL US THERE IS MORE HOUSE OF PAIN FOR CHINA! THEIR GROWTH NUMBERS JUST GOT REDUCED DOWN TO 3 PERCENT FOR THE YEAR.

THAT IS INCONCEIVABLE FOR THEM BUT I TOLD YOU THAT THEY WOULD BE MARGINALIZED BIG TIME! WELL, HERE IT IS GUYS! THIS IS THE BEGINNING OF WHAT THAT LOOKS LIKE. WITH MORE PAIN TO COME, SEPTEMBER WILL UNDOUBTEDLY BRING ABOUT THE NEW GLOBAL REALITY VALUE IN THE MARKETS AS THEY IMPLODE!A NEW ASSET BACKED SYSTEM AWAITS FOR THE NEW FISCAL YEAR IN OCTOBER! AS OCTOBER USHERS IN A NEW FISCAL YEAR, OCTOBER 15TH ALSO BEGINS A NEW ISLAMIC YEAR! THANKS Z…..MAN!JUST HOW THESE TWO MONTHS PLAY OUT IS LIKE A GUN FIGHT WITH BLINDFOLDS ON!

BULLETS WILL BE FLYING FROM THE DEMS AND THE REPUBS AS THE THEATER PLAYS OUT! I’M NOT MAKING ANY BETS THERE! AFTER THE THEATER EVENT IS OVER WE WILL WAKE UP TO A NEW FISCAL YEAR AND A NEW GLOBAL REALITY FOR ALL COUNTRIES!

THE ROAD TO GETTING THERE IS LIKELY TO BE AS JIM CRAMER SAYS, "THE HOUSE OF PAIN”.

WHEN THINGS ARE THE WORST THEY ARE THE BEST!ARE YOU ALL IN?

OK THEN, ITS “ALL FOR ONE AND ONE FOR ALL!

8@8, DOC

SPECIAL THANKS TO THUNDERHAWK FOR CONVERSATIONS AND PICS! ALSO THANKS TO PAPAJ AND THE Z....MAN (ZOCHOWSKI) FOR THEIR CONTRIBUTION! THANKS GUYS!

EXCERPT OF STEVEI, 5 AUGUST

What do you think about all of these dinar sites situations? Could this be a hint?] 

I think it means we are at the end of this ride. I suspected this was going to happen when it got close. We were told to look for this last year by many contacts.
[Do you still thinking the rate will be 3+ range?] 


Yes, I believe based on the region they are in and oil sharing with Kuwait, anything less would not work. 

DINAR IRAQ & DONG VIETNAM UPDATE, 5 AUGUST

DINAR IRAQ & DONG VIETNAM :The only thing left is the currency reform. They must lift the 3 zeros and move forward. In my opinion…you will never see an international bond without the currency reform. We will not see an international rate without currency reform. The IMF told Iraq a long time ago…they stated specifically…they will help Iraq if they implement the tariffs and lifting the value of their currency. The tariff…they are implemented. For the IMF to give the emergency loans…they know what’s going on. The reason why I’m excited…it’s impossible to increase things with 20% taxes without increasing power of purchase. If Iraq came out at .85 or 1 to 1…that is not the true value. The true value is over 3. I’m very, very excited! I’m very anxious to see what happens this September.
***

ting that the CBI is doing this to the citizens because we all know what’s going to happen. Say 2 or 3 months the value increases…imagine how upset they will be? In my opinion…we may not see any changes in the month of August because of those bonds. I don’t think the CBI would pull the trigger while selling those bonds. In my opinion – nothing will happen in August. If the CBI sells the bonds fast…they could increase the value.
******
Maybe by the 18th…highly possible…we may have a better chance of seeing the bonds come out for the citizens of Iraq. The anti-money laundering law is in place as of right now! It was put in place today at the borders. They didn’t even want the bonds sold until this anti-money laundering law was done. Jubouri threatened that if they (GOI) didn’t get this done, he would expose what parliament was doing to the citizens. The concerns for Abadi when he took over as the new Prime Minster were serious. He told the people to give him 1 year and he would clean up all of the Maliki mess. Well guess what? Security comes in many forms. Abadi and Dr. Shabibi are one…united in getting rid of Maliki and his base. We believe now that the anti-money laundering law is in place … they can now deal with them from causing any problems. The reinstatement is something we want to see. At some point they can jump into the RV during the International phase. This has to work perfect.
****
[Q. did the bonds come out for purchase in Iraq?]
A. internal bonds…yes.
[Q. has anyone heard if the tariffs actually started being implemented at Iraqi borders over the weekend?]
A. there has been print on both sides of this – I suspect they have… however, I saw pics over the weekend of import vehicles waiting at “ports” to bring goods in… I have a funny feeling they are half afraid to bring the goods in at the new prices. tariffs without value is SIGNIFICANT PRESSURE. This is real…
[Q. can the GOI RV without the CBI?]
A. No – they cannot. However…the GOI (various committees) want this (added value) as much as anyone… it is conceivable the GOI did this knowingly to put more pressure on the CBI to act accordingly…what I’m saying is: the GOI may be allowing the tariffs and taxes to go ahead in spite of the CBI holding things off – I hope it doesn’t backfire on them (if that is the case)…
*****
Hi Folks. No announcement over the weekend by the CBI concerning any changes to Iraq’s monetary system, which includes their dual exchange rate system and their exchange rate in general but never the less progress is proceeding towards that path according to my research.
The last and final phase of the tariffs went into effect on Saturday as planed but the financial taxes have yet to be implemented, but they are not far behind… here’s a look today’s news on the tariffs.
Tariffs:
QUOTE: According to Director General of Customs, Major General Hakeem Jassim
QUOTE: “The law of customs tariff applied in three phases,
QUOTE: the first was on the specific types of goods,
This first phase were the luxury taxes applied on luxury goods, these started in 2013 soon after the 2010 amended law was fully passed and published in the Gazette/Law Library
QUOTE: the second more goods,”
This second phase were non-essential goods, these have been applied slowly over the last few months
QUOTE: the application of the third phase began first on Saturday, (the first of August the current 2015),
This third and final phase (are essential goods) started Saturday and on ALL GOODS, as you will read next:
QUOTE: on all goods entering Iraq.”
All goods, so IMO, the time is ticking, the urgency should be here, before the people start demonstrating in the streets because they can’t afford to live. We already see signs of protest.