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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, September 21, 2015

TNT CHAT UPDATE, 21 SEPT

 
TNT:

Zzzzzzzzz:  9/21 Abadi Speech - Must Proceed with the Reforms

Prime Minister Dr. Haider Al-Abadi: there is no substitute for proceeding with reforms except chaos and the return of abhorrent dictatorship

Sept 21 2015

The Prime Minister Dr. Haider al-Abadi stressed that the fight against the political quota system is an essential part of the fight against corruption because personal or party loyalty leads to promotion of those close to you at the expense of the professionals and capable people, and this injustice destroys society and we will not allow it.

The PM said in a speech during his attendance on Monday (in a ceremony honoring the teams completing the pension applications of the families of martyrs in their homes) that the people may be patient with the difficult economic situation, but they will not stand for the presence of a privileged class that enjoys protections.
....
He continued: I said from the beginning that the demonstrations are an alarm bell that helps us to address the imbalance in our political system and to cooperate in addressing the issue of salaries and protections, and if the government has a responsibility to protect officials from terrorism, this does not mean that there will be armies of protection details equivalent to three divisions, and there cannot be for one person a protection force of 500 or 800.

The country needs combat troops defending the homeland and the people. We are continuing these reforms for justice and equity and the abolition of inequalities, and I will not back down even if it cost me my life, because the alternative is chaos and the return of abhorrent dictatorship that brought wars and mass graves and the sanctions and destruction.

The correct action is to modify our political system and fight corruption.

The Prime Minister added: I said as prime minister when I do go out to visit areas that I do not cut off the roads and do not use armoured vehicles, and put my needs as a marker for the protection needs of officials.

He pointed out that we are seekers of peace and not war, and this war was imposed on us, and Daesh entered our territory from Syria with the support of others, but the magic turned against the magician, and Daesh today threatens the Gulf states, Turkey and Jordan, and does not target the Shia only and so it exploded mosques in Saudi Arabia, and therefore we believe calls for cooperation to counter Daesh.

The PM added: Even some who supported Daesh and thought they came to serve them, they discovered the truth, and our troops are welcome in Al-Anbar and Salahuddin, and we reassure the sons of Nineveh that we are coming to free them.

He praised the volunteers who serve the families of the martyrs and the initiative of the completion of their transactions in their homes, because they offer a bright image of Iraqi youth. He said: the nation which cherishes its sacrifices and serves their families, deserve to be raise the standard of freedom, and in particular the martyrs of the popular mobilisation who seek martyrdom walking on their feet and will not give up their nation for money and sacrifice their lives so life can continue.

The Prime Minister ordered the start of an initiative to care for the wounded in hospitals and homes for those who deserve care for a longer period, and instructed to simplify the procedures for the completion of transactions for citizens and investors, because if the procedures were simple the citizen and the investor would not be forced to pay a bribe to progress their transactions, and these corrupt people are showing resistance to efforts to fight corruption, because they stand to lose the illegitimate money that they receive.

Prime Minister’s Media Office
Monday 21 September 2015

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[xyz] Moody’s Rates Iraqi Govt Bonds ..Moody’s Investors Service has today assigned a provisional rating of (P)Caa1 to Government of Iraq’s planned USD-bond issuance, with a stable outlook. Moderate economic strength: a sizable but undiversified economy with robust growth prospects Iraq is oil-rich and has a lot of potential for economic development and growth.   http://www.iraq-businessnews.com/2015/09/21/moodys-rates-iraqi-govt-bonds/

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Rajaf:
  My personal list of the 1st 10 things to do post RV.

1. move 55% into holding account - pay state taxes this month to get the fed tax deduction. That’s 11% for us and 13.3% for California.

2. locate CPA to help with taxes and prepare for the initial Jan 15th Fed tax payment

3. pay off mortgage / debts

4. insure funds

5. meet with tax attorney to discuss trusts and LLC

6. purchase precious metals

7. set up MCA and purchase foreign currencies

8. purchase land & rental properties

9. set up annuities

10. Investigate other investment options

BREITLING REPORT, 21 SEPT


TNT CC NOTES, 21 SEPT

TNT Call notes 21-September-2015

Tony:  Good morning, TNT!  Today is Monday, September 21, 2015.  I hope you all had a good weekend.  I was talking to a young lady on the phone, and she exchanged some of her rupiah for $13,000, one of a handful how have managed to exchange because she was at the bank at the right moment.  AT least we know we are getting close to our turn, that something is going on.   We are still in our same window, by the end of the month. It should have been this weekend!  We had a live date of 9/15, then 9/19, with holds until that those times.  They can change, and they did!  They had pending activations for that date, which they never had before.  They have new dates on the screen, but tit doesn’t matter because they’ve changed before.  People here and in Iraq are still looking at this happening by the end of the month.
In Iraq, the cards when international, and we put out that information so you could see it in the chat, forum, etc.  Our guy in Iraq said on Friday that this would happen tomorrow. Now people in Iraq can transfer their funds, use their cards, etc., and spend their money in any country.  That will automatically convert their funds, so they must have an exchange rate in every country for that to happen!  The system is absolutely working and they are ecstatic over there, because they know everything is working or about to work.
Everyone there and here is ready to go!  They do have an agreed-upon time. I know what some other people are saying, but there is an agreed time, and they are trying to get some things done in the meantime.  I got a text just before the call:  “Once again, President Obama is holding this up because he doesn’t want the people to have this.”  Right – all these countries and banks have put this in place, some people have actually exchanged, and he doesn’t want us to have this.  The bank people worked Saturday and Sunday with additional training, and the President doesn’t want us to have this?  Who does that make sense to?
It’s good, the rates are good – haven’t changed in the last five days – and we are getting this from multiple locations.  Several banks have had zim pop up on their screens over the weekend.  Some people got paid in Iraq yesterday;  more should be paid tomorrow, though we don’t know the rates yet.  They could pay everyone at the old rate and then change it four-five days from now;  I would pay them the new rate now.  They are being told they will be paid ‘in the coming period’ which is before the end of the month.  That’s what I know, so please don’t tell me what you heard on some other call or site!
863 caller:  When this transpires, how will  you let us know?
Tony:  I will use the same Twitter system I use to let you know about these calls.  Make sure you are on the right one, because there are some wannabes out there who want to make it look like our site and twitter list.  If you  have received a tweet with a number before now, delete it and make sure you are following the correct one, because we have not yet sent out such a tweet.
707 caller:  If we get that tweet and call the number, does that identify to the bank that we belong to this internet?
Tony:  NO, they are just scheduling appointments.   There is not need or benefit for you to identify yourself as part of the TNT group – they know you are the first ones to get the message and react, so you will get the benefit of being first because you are listening. The banks don’t care if you are listening to Tony or Joe Shmoe!
Caller:  Vegas, Vegas, Vegas!  for sure!
617 caller: I read something about the IMF announcing in October that the Chinese currency will be the world reserve currency and we should hold off until then.
Tony: We have been doing this for five years, and we have been telling you that this is the way China has been heading.  China has been trying to become a reserve currency for 25 years, because it gives them more power.  The US has been always been in a currency war, trying to get them to raise up the value of their currency.  This is one reason the five mini-IMFs got started, and it was a good plan – to break up the power of the IMF and rebuild it, with China as the single biggest power in those mini-IMFs.  I know you all don’t want to hear this, but every country has gone through this, with their time at the top and then at the bottom.  The pound sterling used to be the reserve currency of the world!  We are seeing this change and over the next 10=15 years, we will probably see China supplanting us as the #1 global economy, and President Obama just said they have to take responsibility for that.  I don’t think you need to hold back your currency exchange for that – I don’t’ have any, and if anything, I would buy it later.  If the dollar is at its peak right now, I want to get as many as I can so that when it goes down, I can get more as they are worth more.  Then I can buy more other currencies, as the dollar buys more.
The GOI didn’t try to release the RV this weekend, so it didn’t get stopped.
Caller:  Happy Birthday to Pam!  Vegas, Vegas, Vegas! 
404 caller:  If I could go into more detail on PM Abadi, who was supposed to make an announcement this weekend – any feedback on your sources about when that is to happen? 
Tony:  Some thought he would do it Thursday night, then Friday morning, then Saturday morning (Iraqi time)… it was not scheduled for yesterday, but there are a couple of times scheduled for this week.  He gets to pick the time.  I don’t know the reasons for why he didn’t announce this already.  All the laws have been passed, and the National Guard Law will be announced this Friday.  They pick the times, so I don’t know!
Caller:  Is Abadi having to report to someone else, like the IMF?
Tony: there is a team that has decided the times, and then Abadi picks one.
Caller:  Vegas, Vegas, Vegas!  so we can have a major celebration…
219 caller:   I was looking online… where do you get your rates from?
Tony:  Where do you see yours?
Caller:  I went to the bank, and it’s still the very low ones we’ve seen all along.  The teller told me to Google for more information.  I want to see what you see!
Tony:  Every bank, corporation and government has levels of knowledge that you have to be authorized to know, on a ‘need to know’ basis.  Most tellers aren’t authorized, and they won’t see those screens.  I go to CEOs and higher executives like regional VPs plus people in other countries who keep us abreast of the new rates.
Caller:  I will keep searching – I asked some other bank people, and at least some know what I’m talking about.  I was just wondering if there is a certain site you can go to.
Tony:  You have to know somebody who knows somebody;  everyone will not see it until it goes live, which won’t be much longer.  Vegas, Vegas, Vegas?
410 caller:  I took your advice and checked in with some banks.  I got two different responses:  I got to set appointments with some wealth advisers.  In one bank, the man was very kind and nice, and because we are mature people, he said we don’t want to spend any  more because this is risky, etc.   The second banker/adviser with Merrill, Lynch sent me to their office to meet with a couple of young guys.  I got to their very nice office, and the senior partner was there as well.  They encouraged me to visit all kinds of places, but their deal is that they only handle high-value accounts, only 100 clients that are very exclusive, with estates.  They seemed to already know what I was talking about, like they were expecting it.  For me, I didn’t’ want to hear the same story as I had heard at the banks, but this group was sharp and alive to only working with people who have over five million.  That’s where they have experience, so I could see myself going to them rather than the banks.
Tony:  I love your story and that’s what I think you should do.  Bankers:  I appreciate the guys trying to protect you.  If they think that is something wrong, because at least they are trying to do the right thing, trying to protect you.  You are also doing the right thing in doing your own research.  However, no guts, no glory.  If the banks didn’t trust the manager with the information, how can that wealth manager really help you properly?  Why does one guy know about it and the others do not?  The banker gets commission from your transactions, and the manager wants to keep his job more than anything else, so let’s keep an eye on your and their priorities. 
Caller:  It was good to get out there and see what people are feeling, the different attitudes, do they have experience and integrity.  What about the Eid holiday?
Tony:  I would think that they would want to pay the people  before the holiday.  Abadi is definitely putting himself out there, and it will be hard to deal with the people if it does not happen.  The gal who exchanged on Saturday, she got $13,000 per million.  She was so excited, and that is just the beginning.  It was a good dry run;  she got to exchange, see what that was like, and see the money in her bank account.  How much more exciting when the higher rates are released!  This last caller also got to meet people, see what that was like.  The one who exchanged is on the way to the bank now to see if she can do it again today!
775 caller:  I’m in northern Nevada.  I recently saw a video from a Bill Moyers show – he had on several people talking about a book I found enlightening because we will be in the top 1%, and able to change our political system.  What’s your opinion?
Tony:  Pam has been talking about the newest Tony Robbin’s book, that is a good learning point for those who are new to having money.  It’s a good book to be dealing with your finances.  Once we start talking about books on political power… that’s part of why they don’t want me to talk about politics after this.  There are a LOT of books and other information on how all this works.  This is going to happen and a lot of you are going to be richer beyond your wildest dreams.  You will have a couple of days to recoever, and then you will realize that for five years Tony is a liar.  Not one will retract that.  But then people will start asking how to change the way we live.  We change them through politics.  Do we start at the top, funding people running for office?  Or do we change from the bottom, with our towns and cities?  We can change entire industries in two or three moves.  We could affect too many things too fast with too many people being influenced by one person or a small group.  As a group, with the amount of money we have, we could cause a tidal wave.  Those start with a ripple in the water, and we could be that group, and that is what they don’t want to happen.  So what you all have to do is to look at the areas we have talked about, in terms of finances and investing.  You can get your own group together in your own community and look at changing that power structure, getting your town/city to do the right thing, and then step up to the next level.  That doesn’t cause a shock, but it does lead to major change over time.  Benefits will be seen on every level.
Caller:  We have the opportunity to make changes from the ground up.
Tony: Yes, become a part on the local level;  you will be in a position of influence in your community, and effect change without taking over.
770 caller:  [bad line]  Yes, by the end of the month… but they keep moving the cheese.  Is there any other possible route to explore, any assurances apart from what we’ve got?
Tony:  No, there is nothing we can do.  We are included, there are every day people who have exchanged, I know the rates are there, and the percentage of contract rates that are still available.  We just have to ride it out.  Our trying to raise hell won’t make is not going to make difference.  It is up to the Iraqi people.   Everyone is agreed.  There are 5-6 times, and every time they pass one up, there is the opportunity or risk for something else to happen. They know what they are risking;  they see the people gathering in the streets, and they know what’s happening, but I can’t see everything going down the drain after ten years because people are protesting in the streets.  Actually, the protests are scheduled for after the holiday now.  We know the locations, the dollar amounts, all the details.  It’s not like we are being left out or being taken advantage of;  they are just getting ready for the onslaught.  I can’t get mad because they are getting ready for this.  Someone has to be first, and the intel people are suppose to go through in the first three days.  There is nothing we can do or that we should be doing;  we will go with it when it happens.  Our agreement is still in place.
Pam says the transcribers are getting tired, although I hoped to talk to Koontz, but that one always hangs up just as I get to him.
Pam:  Tony meant to say that the internet people are all going first, not the intel people.  Also, Tony always says that if you do the right thing, it’s always the right thing – whether it’s in politics, finances or any other area.  I’m putting that on my gifting card!
Ray:  Continue to enjoy this Marvelous Monday;  this is coming to an end.
Tony:  You already know all the good information; t here is nothing negative.  They are definitely getting ready and everyone says it is coming. The banks trained people and did some exchanges this weekend, and that is good news for us all.  People are scheduled to go, and Iraq’s cards went international this weekend, too – and how could they do that without an international rate?  I am letting them do what they are doing;  the schedule says we are close and coming to an end with this.  I’m excited, waiting and ready to go. Have your plan!  Know your first Ten Things that you need to do!  That lady who exchanged the first $13,000 was so excited, she didn’t know what to do!  So be ready.  Enjoy the rest of your day;  I will enjoy mine.  Thanks to all the transcribers!

MNT. GOAT UPDATE, 21 SEPT

Hello Everyone. Today I come to you once again to see what sense we can all make out of this RV saga of the Iraqi dinar.
I wish I had more of the good news from the previous couple weeks. Just unbelievable last couple weeks. We will see what this week brings us.
So today let me address a couple questions that are on everyone’s minds.
What is really happening in Iraq and why did the country deteriorate so much over the Maliki administrations (during his 8 years)? How does this impact our current situation to get an RV sooner than later?
Again it is along read but essential information is you are wondering why the RV is being stalled for so long. So you might want to print it out, get a strong cup of java and sit back in your cozy arm chair. It’s going to be an excellent and informative news letter today.
Remember we still await news from these last reform laws and we know how close they are to completion.
Since it comes up now in many of the articles, I want to point out to everyone that the Moslum holiday Eid al-Adha is a four day holiday and runs from 9/24 to 9/27 this year. The impact should have little to none on getting legislation thru Iraqi parliament. Unlike me most don’t even believe the laws matter anyhow so what’s the point…..lol……lol…
By the way “lol” is “laugh out loud” in case you don’t know.

Today’s News
Today is Monday September 21th and still no RV.  Many so called intel “gurus” told you to watch for this past weekend and here we sit once again disappointed on Monday morning. Why?
I have told you that come mid September we would be in an excellent window for the RV. These “gurus”  simply took this window from my news letters  and used it to find something, some event to justify it for their own self purposes.
Instead they should be studying Iraq and learning truly why I said mid September could be a good starting point to begin to see some positive results. I have tried in past news letters over the last many months to point out these events to you. I did not see them telling you. Why?
Because they are not concerned about helping you understand Iraq’s situation and just want to hype you up and make you feel good. They luv their roller coaster ride….lol….
I also stated in my news letter last week that if Iraq DID NOT complete what it had to complete on time and so the PTB will not RV. They will not RV until these needed laws are in place and at least partially implemented (as required). So why all the hype then for this weekend?
You tell me because I just do not understand the madness behind what these intel “gurus” told  you last week. I really do not understand. Don’t they know anything about what is really happening in Iraq and why it could not even remotely begin to RV this past weekend?
So let’s get to the news and start this week off the right way. I think its going to be a good week.
First I have to clean up the mess once again left behind from these so called intel “gurus” and from all their  hype over this past weekend. It’s Monday again and many are depressed that there is no RV.
Many of these gurus were saying that Iraq reduced the salaries because they wanted to RV and the new value would over inflate their salaries if they did not first reduce them. Their logic also told us then after the RV they would be adjusted to the right pay scale. Iraq then announced that they would pay the salaries on Sunday 9/20 and so once again they took an ounce of truth and turned it into their own intel and timeline. They told you the RV must then happen this past weekend if they were to pay the salaries. Really?
So why have they then paid the salaries and we see no RV? Same old hype and misunderstanding the events in Iraq. We see this over and over again. They used this same event last month too to hype you all up. Did you not learn your lesson then? So why do you still listen to their calls and their nonsense? Will this ever stop and these so called intel “gurus” buckle down and learn what is really happening in Iraq so they can have informative conference calls?
I will say it one more time – The reduction in salaries has NOTHING absolutely NOTHING to do with the RV! Not this past weekend, not next month…NEVER !
This is what Iraq IS DOING with these salaries:
They simply are trying to scale everyone to a fair and honest, standard government pay scale. This is unlike what the Maliki administration was doing with favoritism, perks and political hijacking using positions of influence as a carrot to support his corruption. It was a mess.
In the process they are also trying to save lots of money.  Folks they are  in an economic crisis (just in case you don’t know) and are having trouble finding the funding to pay these salaries and pay them on time.
The following article is telling us this and so once again I am telling you. Read it for yourselves. – just the FACTS, no HYPE or RUMORS.  Their words not mine!
Article Follows:

IRAQI PARLIAMENTARY UNDERLINES THE DIFFICULTY OF PAYING EMPLOYEES’ SALARIES FOR THE COMING MONTHS

Baghdad, September 20 (Petra) –
Iraqi parliamentary revealed that the operating budget of the state is threatened not to pay employees if oil prices remained below the high.
And MP Ali al-Badri said in a press statement on Sunday that the government suffers from many Mchaclat are an obstacle to the implementation of reforms, notably the security and economic situation.
He added that oil prices are falling versus large numbers of staff within the operating budget, and if oil prices stay on the religious Iraqi government will not be able to pay salaries in the coming months.
But the parliamentary finance committee member Masood Haider confirmed that the employees ‘salaries for the remaining months of this year locked, and there is no indication that the risk of employees’ salaries, the state will be covered by insurance salaries. Iraqi state and relies on building the annual financial budget by about 95% on imports of oil exported to international markets, which constitutes a unilateral source of danger to the country’s situation
Article Ends
Article Begins:
APPROVAL OF THE DISTRIBUTION OF THE SALARIES OF TEACHERS OF NINEVEH, FOR THE MONTHS OF JUNE AND JULY
BAGHDAD – Iraq-Presse – September 21 / Sptbmr: The Ministry of Education confirmed that the guarantee of its cadres in the pay of the usurped the provinces of Nineveh, Anbar, Salah al-Din is a priority uncompromising as affecting thousands of families live source and strengthen their association with the central government.
The ministry revealed in a statement received / Iraq Press / copy of it, “she continued, and during the last term to address the official authorities, particularly the Ministry of Finance to ensure the past months to the people of those provinces the distribution of salaries.”
And between general education Nineveh manager, Taha Faloa, that “the pressure exerted by the Minister of Education and correspondence frequent subject of his parents’ salaries in Nineveh resulted in the approval of the Ministry of Finance cadres of Education for the province of Nineveh pay the salaries for the months of June and July,” adding that “salaries will be distributed after the Eid holiday by Commissions specialized financial subject “.
Article Ends
Next I want to bring you an article, that to me, just about sums up where Iraq is today and where they need to go.
I will let you read it for yourselves. It is a long read but you should take the time to read it and digest it. Maybe read it a couple times.
Once you do read it you too will see how ridiculous it was for anyone to say they would RV over this past weekend. However I will say if they can work out the details on four key issues – National Guard law, the Investment Law, Judicial Reforms, the Amnesty law and the controlling physical security situation we will be a great time position afterwards to possibly see some upward movement in the currency value.
How many article must we read from economists and financial ministry officials in Iraq giving us solutions to this currency reform dilemma. So we know they don’t yet have the answer of what to do.
All possible solutions but nothing from the CBI officially. Oh – did I not also tell you they must clean up the CBI too prior to any RV? We are now seeing movement in this direction too. They can not simply dismiss the proxy governor and replace him with Dr Shabibi. It is not that simple and many of us looking into Iraq from the outside do not understand the influence Maliki and his goons still have and will continue to have until the Iranian support and  influence is under control. When this happens they will deal with him, I can assure you of this. The last thing they need now is a civil war.
Iranian influence is a HUGE problem for Iraq and the USA. If they do not control this influence it will plague Iraq forever and now it the time to correct it Pay attention to this in the article below. Also pay attention to the fact that the USA is once again sending massive buildup of combat troops in Iraq.
They do not want to occupy Iraq again nor do they want to have to send troops back years from now. It is a balancing act. When the USA left Iraq in late 2011 it left a huge void. Iraq, under Saddam Hussein, kept Iran under check prior to 2003. While the USA occupied Iraq from 2003-2011 they too kept Iran under check. So after the pullout who was going to check and control Iran in Iraq?
The answer lies of course in the 100+ million trained Iraqi soldiers (trained by the USA military) and the plan to rebuild an Iraqi airforce, etc. The problem Iraq now faces stems from the 8 years of Maliki when his administration could not be trusted with a buildup of military power and weapons from the west. The plan fell apart. Maliki would surely have used these weapons against the Kurds and to support an increasing Iranian influence and more terrorism. We witnessed the ability of the leadership and strength of the Iraqi forces in what happened in Mosul in June 2014.
So the cause of the dilemma Iraq now faces with Iran, could have been avoided if the USA did not support Maliki but instead supported a candidate with a track record more conducive the long term goals of the USA and its allies. The overall plan to rearm Iraq may have worked if followed through. They would have had a better trained army to repel ISIS and to prevent the Iranian militias from taking over. They need to correct this situation NOW!  They know it and Abadi is working hard to do it with very limited resources.
But it is premature to say it is corrected already. Besides the terrorism and the Iranian influence now that Iraq faces is also amplified by this recent economic crisis (by the drop in oil prices).

The RV will not solve this crisis as many say. Instead it is like being stuck in the snow storm buried in snow (as from my previous analogy). Where do you go? Where can you go without fixing some fundamental issues now facing Iraq.
An RV in fact would only make the situation worsen leaving yet more squandered wealth to support terrorism and money laundering to Iran and ISIS. These are the areas of concern and we all should be paying attention to them.
The RV is the end result not the solution in itself. Can the situation be corrected in a timely manner?
Yes –it could,  but it will take military strategies on the part of the USA and its allies. Personally I do not feel the current Obama administration will have the guts to commit to the strategies needed to do the job that needs to be done in the middle east. So it will also take the Abadi administration’s reforms and for him to stand firm on anti-Iranian influence in Iraq. It will take the Arab countries themselves to stand up unite under the GCC and for the Arab way of life and the great wealth they can acquire as a unified council.
If this does not occur we may have to wait for another (probably a Republican president) to take more fortitude and increase USA and allies  presence once again in the middle east against ISIS and the extreme terrorists.
So for all you so called intel “gurus” reading this news letter today I want also to say that I do not rely solely on news article for my news letters. I have resources beyond what anyone of you can begin to imagine. I am one of the few information sources for you investors that was actually in Iraq and Kuwait during the wartime.
I read the intelligence reports and gathered this information. I feel for the people and I am fully aware of the political situation. I still maintain many contacts in the military and in the Iraqi and USA government. So I wish all of you that are guessing would just learn to listen to what I have to say. It would bring you much more credibility and good standing on your conference calls.
Iraq knows they need to do something with the currency value and they know they need to do it quickly. But they are in a dilemma now. Dammed if they do RV and dammed if they don’t RV. Do you understand?

I believe they are now targeting RV by Oct 1st.
But it is just a target date. If we do not see something by then ( I hate to say it) but we may be going into 2016 and have to wait for a changeover of command in the USA Whitehouse.
Why do I say 2016 (but conditionally)?
I am saying this because they have less than two weeks to accomplish the remaining laws and these laws have been under dispute now for months.
They have two weeks to push ISIS out of Mosul and Anabar regions and in general contain them. Can they complete these issues and implement them on time?
Personally with their track record I am inclined to say no, but lately they seem to be working miracles so who really knows.
So we watch and wait.
We read the news, we listen to contacts and we try to understand. We use our common sense to make sense of it all and then bring it to you. I hope you all appreciate it.
Article Begins:
….
IRAQ: GOING THROUGH SOME NEEDED CHANGES (WORLD NEWS REPORT)
SEPT. 18, 2015

September 18, 2015:
In Iraq the Shia militias, many of them with Iranian advisors, are increasingly being seen as a problem by the new Iraqi government and Iraqis in general. The previous Maliki government had long worked closely with Iran but lost power because Maliki and his allies would not do anything about the corruption that is largely seen as the main reason ISIL made such rapid advances in 2014.
Iraqis are discovering, as the anti-corruption efforts now accelerate, that a lot of that corruption, especially in the military, was encouraged, and sometimes paid for, by Iran. This has caused public opinion among the majority Shia Arabs in Iraq to turn against Iran. Another reason for that is the Iran supported (and often armed and paid) Shia militiamen are seen as fanatics and undisciplined who are mainly loyal to Iran. These Shia militiamen are largely motivated by revenge (for years of Islamic terrorist attacks on Shia civilians) and their Iranian advisors encourage that.
The Iran backed Shia militias are now seen as a potential threat to the Iraqi government. While the Shia militiamen have less training they are more fanatics and undisciplined. To the Americans the biggest risk is the Shia militiamen terrorizing (kidnapping, murdering, looting and so on) Sunni civilians in areas ISIL (al Qaeda in Iraq and the Levant) is driven out of. The Americans realize that the key to regaining control of Anbar is gaining the support of the Sunnis (who comprise nearly all the Anbar population).
Iran is not happy with this new attitude. It got worse recently when Iraq got its first few F-16s into service. While being used mainly for attacking ISIL on the ground, the F-16s can also use air-to-air missiles and the Iraqi pilots can go after Iranian cargo aircraft transiting Iraqi airspace on their way to Syria and force them to land or turn back. Iraq could never do this before and Iran was able to pretty much use Iraqi air space for these flights without any fear of the transports being threatened. Iraq has always tolerated this Iranian use of Iraqi airspace to rapidly supply the Assad government in Syria. Iraq did this despite constant pressure from the United States to block the Assad aid. Now the Iraqis are paying more attention to their American allies than their Iranian neighbors.
The Iraqi Army and Shia militias continue advancing slowly against ISIL in central (towards Mosul) and western (Anbar Province) Iraq. The advance is so slow that there are doubts about any progress at all and some accusations that ISIL is actually in more areas now than at the beginning of the year, despite thousands of air strikes. The main problem is the difficulty in obtaining accurate data about what is happening on the ground. As the government gains access and then control of more territory more is revealed about what is going on there. Turns out that in late 2014 the government abandoned a lot more territory than ISIL took control of.
This sort of chaos is common in Iraq and the region. A lot of it has to do with the culture of corruption. This highlights another problem. As ISIL has become less of a problem (stalemated or put on the defensive) this year another revolution has appeared. This uprising is about the endemic corruption that has long crippled Iraq (and the region). The popular anger about the corruption has been growing for decades and became a real threat once democracy was introduced in 2004.
Now there are regular (usually Friday, the start of the “weekend” in Moslem majority nations) and the government has been forced to act. In addition to firing hundreds of corrupt officials the government has also rushed to be more frank, prompt and honest in reporting the state of the war with ISIL. That means admitting that problems exist.
The military leadership is still a mess as is that portion of the military responsible for keeping the fighting troops supplied. The government never liked to admit that the military was corrupt and incompetent, but the Iraqi people can find detailed reports of this on the Internet and in a growing number of Iraqi media outlets. It is no longer forbidden to report the unpleasant truth. It can still be dangerous, especially if you talk about Iran backed Shia militia. The upshot of more information is the confirmation of what American advisors and trainers have been saying for over a decade; it takes time to find and train competent officers.
An even more unpopular bit of advice was warnings about the impact of corruption. It is now generally accepted that once the Americans left in 2011 the unsurprisingly corrupt Iraqi politicians began replacing competent officers with more corrupt ones who were believed more concerned with politics than in running an effective army. That was the major reason why ISIL advanced so quickly in mid-2014.
Most Iraqis now accept this rather than the usual “it’s all because of a foreign conspiracy” excuse that is so popular throughout the region. All this openness and honesty does not solve the leadership problems in the military and government, but does allow a fix to proceed more quickly. There is still some resistance to replacing incompetent officers, usually from politicians who sponsored those officers. There is still fear of another civil war between Shia political factions and politicians feel safer if they “own” a few senior commanders.
That is an ancient tradition in this part of the world and such long-standing practices are not easily changed.
Meanwhile ISIL is also having leadership and morale problems. Popular resistance in ISIL occupied areas, especially Mosul and western Iraq, is growing despite ever more arrests and executions.
In Mosul there are apparently dozens (at least) of executions each week. Some of the victims are ISIL members accused of failure, misbehavior, bad attitude or trying to desert. Sources in the city report that a growing number of ISIL men are fleeing the city, often semi-officially by claiming they are needed in Syria.
Civilians can still get in and out of the city because ISIL needs trade with the outside to survive in this huge metropolis. Intelligence analysts can take large numbers of reports and sift through them to determine what is true and what is rumor or lies. This is easier to do with computerized databases and special software. In addition the Americans have brought back their aerial electronic monitoring capabilities, which adds more data to the pool
and makes it even easier to separate fact from fiction.
In 2011 the more astute Iraqi commanders tried to convince their political bosses that the loss of these intel capabilities (the Americans would take it all with them) would be dangerous. The politicians were not convinced then but most are now.
A lot of the results of this intel collection and analysis are not released. This is done to prevent the enemy from figuring out exactly where a lot of the intel is coming from and how it is analyzed. If you know that you can more effectively deceive the intel effort. Many of the ISIL leadership are former officers in the pre-2003 Iraqi military and know how this stuff works (often courtesy of Russian military schools).
The intel also shows that the same opportunities for destroying Sunni Islamic terrorists are available now as they were in 2007. Back then the Americans convinced the Shia controlled government to make deals with Sunni tribes to get Sunni support to crush Sunni Islamic terror groups. Many Shia opposed this (and many still do) but it worked then and after the Americans left the Shia politicians dismantled the rewards (jobs, political opportunity and money) that were part of the deal. History is repeating itself with most Sunnis now hostile to the Sunni Islamic terrorists (ISIL this time instead of al Qaeda in 2007). ISIL is even more unpopular with most Sunnis than al Qaeda was back in 2007.
But the Sunnis feel trapped between ISIL savagery and Iran-backed Shia militias and politicians who feel they are engaged in a war between Shia and Sunni. While most Iraqi Shia want no part of this enough of them do, and belong to Iran supported militias, to give credence to Sunni fears. The American military advisors are trying to get American diplomacy behind an effort to persuade the Iraqi government to make a convincing offer to the Sunnis and get another 2007 going.
Meanwhile ISIL shows signs of collapsing from a combination of internal disputes and declining morale. In rural areas the locals are increasingly organizing armed militias and waging guerilla, or open warfare with ISIL. This may seem suicidal but the tribes have centuries of experience with this sort of thing and when they detect that the “occupier” is stretched thin and vulnerable, the tribal militia becomes a popular and effective option. ISIL understands this and informally grants autonomy in these situations.
There is a downside as if ISIL makes another resurgence and becomes capable of suppressing the autonomous tribes the retribution can be brutal. This has already happened a few times in the last year in eastern Syria and western Iraq. But the tribes are always attuned to what is going on in their territory and more tribes are detecting a decline in the ISIL ability to crack down on disobedient tribes, especially heavily armed and determined
one.
The Iraqi Army has about 10,000 troops in Anbar and nearly as many Shia militiamen. The main problem with this forces is the lack of good leaders and troop support (maintenance and logistics). These are the things the Kurds have taken care of but that the Arab Iraqis still have problems with. Thus the Iraqi Arabs are much less effective against ISIL than the Kurds or Western troops.
The American advisors have convinced the Iraqi generals that an advance is possible but only if carried out slowly and methodically, using the few units with competent leaders (battalion and brigade commanders) to lead the way. There is still a shortage of reliable unit commanders.
The U.S. has about 2,000 troops in Anbar to train and advise Iraqi soldiers, police and pro-government tribal militias. Most of these troops were at al Asad airbase (in eastern Anbar) but more are being west, closer to ISIL occupied Ramadi and the main ISIL forces. Iraqis handle security for these bases but American troops take part in the fighting when needed. More American troops are being seen out in the countryside with Iraqi troops. There are about 5,000 ISIL gunmen in Anbar and most of them were originally recruited from local tribes.
These constant defeats at al Asad and in the two major cities (Ramadi and Fallujah) have been bad for morale, and many, if not most of the local hires have deserted and taken with them useful information on where ISIL stores its weapons and other important stuff. More of these sites are being bombed even though they are, from the air, just another building with nothing special going on around it.
The locally recruited tribesmen (especially those on the ISIL payroll) were also unhappy with the ISIL policy of kidnapping tribal elders and killing them or holding them for ransom (money or cooperation from tribal chiefs). A lot of the local tribesmen working for ISIL are related to some of the elders kidnapped or murdered by ISIL and that bad treatment is not appreciated.
ISIL needs some victories in Anbar but is having a hard time making that happen. In the meantime ISIL makes what it can of the fact that they still occupy Ramadi and the Iraqi Army advance is not moving much at all. American officials say they believe Ramadai will be retaken by the end of the year. Such claims are often based on intel that is not available to the public. But sometimes these claims are just wishful thinking. There’s a lot of that going around.
In the north the Kurds continue to push south but are hampered by a shortage of troops. The problem is that protecting Kurdish controlled northern Iraq requires a lot trained and reliable people and takes priority. There is a long border and ISIL is always trying to get in or at least cause casualties among the border guards. One reason for the Kurdish success is that their military leaders look after their troops and don’t expose them to needless danger.
September 15, 2015: Iraqis are alarmed at recent media reports that Iranian Quds Force commander Qassem Soleimani recently made a second visit to Moscow. This comes after Iran and Russia insisting that a July 24th visit by Soleimani to Moscow did not happen. During the July trip Soleimani was said to have met with Russian defense officials and left after two days.
Since 2007 Soleimani has been under numerous sanctions, including ones that are not being lifted by the July 14th Iranian peace deal. Soleimani was not supposed to be able to travel to Russia and Russia knows it. But Russia and Iran simply deny the visits actually happened, the same way Iran denies that Soleimani has spent time in Iraq supervising the creation and use of pro-Iran Shia militias.
September 7, 2015: Several hundred Turkish troops entered northern Iraq in pursuit with some PKK Kurdish separatists believed involved in a roadside bomb attack in Turkey the day before that killed 16 soldiers. The Turks have been fighting the PKK again (after a ceasefire collapsed) since late July. So far about 200 people have been killed, nearly a hundred of them Turkish soldiers and police.
September 3, 2015: Iraqi F-16IQ fighter-bombers carried out their first combat missions against several ISIL (Islamic State in Iraq and the Levant) targets. This comes 16 months after the F-16IQ made its first flight. Four F-16IQs arrived in Iraq in July so that Iraqi pilots and maintainers could undertake final training in preparation for the first combat missions. The F-16IQ is a custom version of the single seat Block 52 F-16C and the two-seater F-16D. Iraq has 36 F-16IQs on order.
The F-16IQ is similar to American Block 52 F-16s except they are not equipped to handle AMRAAM (radar guided air-to-air missiles) or JDAM (GPS guided bombs). The F-16IQ can handle laser guided bombs and older radar guided missiles like the AIM-7.
September 2, 2015: In Baghdad 17 Turkish construction workers and their Iraqi (Kurdish) translator were kidnapped by a Shia militia. The kidnappers demanded that Turkey stop the flow of ISIL recruits into Iraq, halt the flow of Kurdish oil via Turkey and do something to end the ISIL siege of several Shia villages in Syria (near the Turkish border) in exchange for the hostages. On the 11th the kidnappers released a video of the prisoners pleading for help from their government.
On the 16th two of the Turks were released in Basra, near the Kuwait border. The Iraqis government says it is negotiating to get the rest of the Turks released. Meanwhile the two major Shia clerics in Iraq have condemned the kidnapping and apparently helped the government make contact with the previously unknown Shia group responsible. There are many radical Shia Iraqis who are hostile to Sunnis (for all the al Qaeda and ISIL violence against Shia) and Kurds (for not being Arab and
for not obeying the Shia government).
Article Ends

[Update: Fighting ISIS / DAASH]
I wanted to give you an up-to-date on the fighting ISIS situation since it is one of those issues in dealing with the physical aspects of security that Iraq now faces prior to any RV. In the article that preceded this one below they talked about the F16’s and trained pilots Iraq now has obtained and the balance it may bring to the war on ISIS and keeping Iran in check. It talks about the USA and coalition forces now in Iraq and the impact they may have. It is all good news and heading in the right direction.
Article Begins:
ERBIL, (AA):
U.S. SOLDIERS HAVE ARRIVED AT A CAMP IN NORTHERN IRAQ in preparation for an assault on Daesh-held Mosul, a member of the Iraqi parliament’s security and defense committee said Saturday.
Nayef al-Shammari said 90 troops arrived at the base in Makhmur, southwest of Iraq’s Kurdish capital Erbil, and the “Iraqi government and Mosul town council will decide whether they join the Mosul operation or not.”
The Pentagon denied the claim. “As we’ve long said, U.S. troops are not in a combat mission in Iraq,” a spokesman said. “U.S. forces are there for train, advise and assist missions.”
However, Shammari told Anadolu Agency the troops would be “steered by the operation units established by the Iraqi government, Kurdish Regional Government and coalition forces.”
Mosul, Iraq’s second city, was captured by Daesh in June last year. An attempt to retake the Mosul has been anticipated for months as Shia militia, Kurdish Peshmerga and Iraqi government forces have closed in on the city.
Author: Can Erözden
Article Ends
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All.

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 21 SEPT

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

Tony:  Talked on phone to lady who exchanged Rupiah for $13,000 this weekend. . . . $1 million for $13,000.   She's headed to the bank to see if she can do it again.   Today is the 21st and we are still looking at getting this done by the end of the month. 
Their Visa and Master Cards went International over the weekend.  They can now transfer funds at the bank and spend their money in any country and it will automatically convert their funds.  This means they have to have an exchange rate in every other country.
Abadhi's speech (Saturday) pretty amazing.  He put himself out there. . . My information says all are in agreement. . .have 5-6 different times.   They get to pick one.  They know what they're risking.   They see the people in the streets and see them gathering
DC: 

CURRENT WINDOW:   Tony:  There is a time all have agreed upon . . . that has been agreed on for all locations.   They want them to be paid before the holiday.   They’re ecstatic (as) they’re being told they will be seeing the new rates in the coming period, which is no later than the end of the month.
IRAQ:  Tony:  Their Visa and Master Cards went International over the weekend.   Some people got paid yesterday and some will be paid tomorrow.   The are not telling at what rate they were paid.  Tony suggested they may have been paid at the old rate with the difference to be made up by the end of the month.  All laws were passed yesterday.
  • RV Attempts:  Nothing tried over the weekend.    Options were last Thursday night, Friday in mosques, Friday night and Sat. morning.  Not scheduled for Sunday.  Several times are options this week.  Dr. Abadhi gets to pick the time. 
  • Banks 
  • TV              Mosques 
  • Protests:  not scheduled till after the holiday.
INTERNATIONAL:    
  • China has been trying to become a reserve currency for the last 25 years.  It gives them more power. The USA has the greatest veto power in the IMF.   
  • Mini-IMF's breaks the world into five regions with other currencies set up as reserve currencies.  China will be a reserve currency under this plan.  US Dollar will still be a reserve currency although it may decline in value some.
  • Rates  still good and have not changed in the last 5 days.  
UNITED STATES:     
  • President Obama holding this up?  Tony:  So we are back to square one.  Once again he's put all this in place and he doesn't want this to happen?  Banks set things up . . . trained people.  He's set all this up for people not to have it?         
  • Banks:  worked Saturday and Sunday at the banks.  Smaller banks starting to see it.  ZIM popped up on their screens over the weekend.
  • Packages:        

EXCHANGING:  Internet people will exchange in the first three days.  Pam:  We are all going together, guys.  

CLOSING STATEMENTS:
PAM: If you do the right thing, it is always the right thing.   No matter what you are doing, if you do the right thing it is always the right thing.
RAY:  Continue to enjoy this marvelous Monday.  See what happens on Tuesday.  Hang in there.
TONY:  All the info is good.  Not hearing anyting negative.  Heasring it’s coming.  Definitely getting ready for it again.  Banks worked this week end.  Training people.  Made exchanges.  That’s good.  Have not done in a long time and did the this weekend.
Iraq got International card this weekend.  (posted in TNT Forum, what they can do)  How would they do that without international currency if they can use it in other countries?  I know the schedule and it can’t be far off.
We are close.  Coming to the end of this.  I’m excited.  I’ ready.  Waiting.  Ready to go.
Have your plan.  Those who don’t have a plan, plan to fail.  Have your first 10 things ready to do. 
Enjoy the rest of your day.  Going to enjoy mine.  Thanks Pam, transcribers, everybody.  Appreciate it.

SCZIN11 & TMAN23 UPDATE, 21 SEPT

SCZIN11 :THE “WORLD” IS MORE INTERESTED IN THE IQD BECOMING INTERNATIONALLY RECOGNIZED, TRADEABLE, AND EXCHANGEABLE, WITH LIMITED FEES, AND CORRUPTION…THAT WILL, AND SHOULD BE THE GOAL WE ARE SEEKING.
THEN THE MARKET, SUPPLY AND DEMAND, GDP, ECONOMIC CONDITIONS AND GROWTH, WILL PLAY IMPORTANT ROLES IN THE ULTIMATE LEVEL OF VALUES…JMHO.
*****
TMAN23 :Opinion piece from 2012…”the monetary authority would still face the tough mission of determining the Iraqi dinar’s exchange rate. Will it peg the dinar to the dollar, or to a basket of currencies? Or will the authority employ [floating exchange rates] – the current system – leaving the dinar’s value to be determined by market forces…
Iraq has operated a parallel exchange rate…one that is floating in the market…and a fixed rate of 1166 that the CBI operates on for imports.   So Kap [Guru Kaperoni] saying floating exchange rates is nothing new simply because it has been floating on the streets for years now…BUT as the author noted…the best solution is to peg it to the dollar or a basket of currencies.
The history of developing countries is to peg…many studies have proven that “investors” do not the risk of a floating currency in a developing country…and that would be Iraq in it’s infancy of opening a new economy, a new government finding it’s foothold, and a military striving for competence.  

BACKDOC UPDATE , 21 SEPT

HAS THE HAND-OFF OF THE BATON FROM THE DOLLAR BASED RESERVE SYSTEM TO THE NEW MULTILATERAL SYSTEM BEGUN?
THIS WEEK WE SAW A DATA DEPENDENT FED USHER IN A NEW SET OF METRICS INTO THEIR DATA. TALK ABOUT GLOBAL FINANCIAL CONCERNS!
SINCE WHEN DOES THE U.S. FINANCIAL SYSTEM START TO CONSIDER OTHER COUNTRIES FINANCIAL PROBLEMS? MMMM
WELCOME TO THE “NEW GLOBAL REALITY” !
AS WE BEGIN TO TRANSFORM AN UGLY CATERPILLAR INTO A BEAUTIFUL BUTTERFLY, WE SEE A NON ASSET BASED FIAT SYSTEM SLOWLY BEGIN ITS PAINFUL METAMORPHOSIS.
THE COCOON OF DEBT HAS ENCASED THE WORLD! IT’S TIME TO BREAK OUT!
IN JUST THE LAST SEVERAL DAYS WE ACKNOWLEDGED THAT PEURTO RICO AND GREECE CONTINUE TO BE IN DEFAULT…WHILE NEW ADDITIONS ARE ON THEIR WAY!
EARLIER THIS WEEK WE SAW JAPAN GET DOWNGRADED ON THEIR DEBT! RIGHT AFTER THE CLOSE OF A SIGNIFICANT DOWNTURN IN MARKETS FRIDAY, WE ALSO SEE FRANCE GET DOWNGRADED!
LET’S NOT FORGET LAST WEEK WE SAW BRAZIL GET DOWNGRADED TO JUNK STATUS! MMMM
THE FED BLAMED THE EMERGING MARKET WEAKNESSES (ESPECIALLY CHINA) AS THEIR “REAL” REASON FOR NOT MOVING ON THE RATE. MMMM
WE RECENTLY SAW CHINA DEVALUE THEIR CURRENCY TO HELP STEM THE MARKET ROUTE ON STOCKS! MANY PROFESSIONALS ARE CALLING CHINA’S STOCK MARKET A PONZI SCHEME, DUE TO ITS INFLATED ASSET PRICES.
AS CHINA HAS TRIED TO INTERVENE IN THEIR MARKETS, THEY CONTINUE TO BURN THROUGH THEIR CASH RESERVES. SOME EXPERTS HAVE STATED THAT THEY HAVE 18 WEEKS LEFT BEFORE THOSE RESERVES ARE EXHAUSTED…IF THEY CONTINUE TO SUPPORT THEIR MARKETS AT THE SAME PACE OF EXPENDITURE!
JAPAN HAS TO TAKE ACTION AS WELL. WHY?BECAUSE WHEN CHINA DEVALUED THEIR CURRENCY IT CAUSED A MAJOR RISE IN THE YEN. SO WILL JAPAN DO MORE QE TO DEVALUE ITS CURRENCY AS WELL? WHERE WILL AN ACCIDENT OCCUR?
WITH THE WORLD IN DEFLATION IT’S ONLY A MATTER OF TIME BEFORE A SERIOUS LINK IN THE WORLD CHAIN BREAKS! WHERE WILL IT HAPPEN? MMMM TAKE YOUR PICK!
JAPAN HAS THE HIGHEST DEBT TO GDP WITH IT BEING OVER 400 TIMES! WOW! IMO THESE PROBLEMS ARE UNSUSTAINABLE! MARKETS WILL KEEP GOING FROM THE UPPER LEFT TO THE LOWER RIGHT ON THE CHARTS AS THE DEFLATIONARY SPIRAL CONTINUES!
HOW LONG WILL THE OLD SYSTEM CONTINUE TO FUNCTION? OR MAYBE I SHOULD SAY, WHEN WILL “THE ACCIDENT ON PURPOSE” HAPPEN?MMMM
THERE ARE CLUES EVERYWHERE! THE CEO OF JP MORGAN JUST SAID YESTERDAY THAT WE SHOULD EXPECT SEVERE VOLATILITY IN THE BOND MARKETS ONCE INTEREST RATES BEGIN TO RISE. THIS WILL PUT BANKS IN A POTENTIAL RESERVE LIQUIDITY PROBLEM! WHY?
WITH INTEREST RATES AT ZERO IT HAS CREATED A DISTORTION IN THE WAY INVESTMENT MONEY IS ALLOCATED! THERE ARE ASSET BUBBLES THAT ARE READY TO BURST! THE BOND MARKET IS ONE OF THOSE BUBBLES!
WHAT HAPPENS WHEN INVESTORS WANT TO REALLOCATE THEIR FUNDS IN A MORE NORMAL BALANCE? THE BOND MARKETS COULD COME UNDER SERIOUS PRESSURE.
RECENTLY WE SAW CHINA DUMP ABOUT 10% OF THEIR BOND HOLDINGS TO SUPPORT THEIR CURRENCY ROUTE AND STOCK MARKET CRASH!
IF JAPAN AND CHINA BOTH DUMP TREASURIES QUICKLY, WE WILL SEE A MASSIVE AMOUNT OF QUANTITATIVE TIGHTENING OCCUR! THIS SUDDEN DROP IN LIQUIDITY WOULD BE DEVASTATING TO MARKETS, CREDIT AND LIQUIDITY FOR BANKS! MONEY COULD LITERALLY SEIZE UP!
IF IT GETS BAD ENOUGH, WE COULD SEE AN ACCIDENT! THE PROBLEM IS SIMILAR IN EUROPE PRESENTLY, AS THEY ARE DOING QE THERE.
THE PROBLEM IN EUROPE IS, THE ECB IS SAYING THAT THEY ARE BUYING UP MORE BONDS THAN CURRENTLY EVEN EXISTS. MANY PROFESSIONALS HAVE QUESTIONED THEIR ACTION ON THIS AS EVEN BEING LEGAL! THAT ACTION MAY EVENTUALLY BE CHALLENGED FOR ITS LEGALITY.
AS WE LOOK AT EMERGING COUNTRIES WE SEE INDONESIA DEVALUED THEIR CURRENCY AS WELL. IT SEEMS ALL EMERGING COUNTRIES ARE UNDER THE SAME PRESSURE. VIETNAM DID THE SAME BY WIDENING ITS MANAGED FLOAT RANGE TO ACCOMMODATE THE RECENT CHINA DEVALUATION.
SOME IN DINARLAND HAVE EXPRESSED CONCERN THAT IRAQ WILL ALSO DEVALUE ITS CURRENCY. SOME EVEN RECOMMENDED TO SELL OUT! REALLY? WOW! REMEMBER WHAT I SAID ABOUT CHASING THE WRONG RABBIT TRAILS?
WELL, THIS IS WHAT HAPPENS WHEN OUR NOSE IS ON THE WRONG TRAIL! WE GET IRRATIONAL AND DISTORTED VIEWS BECAUSE FOLKS ARE LOOKING ONLY AT THE HAPPENINGS OF ONE COUNTRY RATHER THAN THE REALITIES OF THE GLOBAL PICTURE!
IMO, IT IS IRRELEVANT WHETHER IRAQ DECREASES ITS VALUE IN THE SHORT TERM AS OTHER COUNTRIES HAVE DONE. THAT TEMPORARY ISSUE HAS NOTHING TO DO WITH THE MONETARY REFORM!
PERSONALLY, I HAVE NEVER BEEN MORE ENCOURAGED ABOUT THE DINAR, AS WELL AS SEVERAL OTHER CURRENCIES I HOLD! REMEMBER…
I TOLD YOU THINGS WOULD GET MUCH WORSE BEFORE THEY GOT BETTER! WELL, THIS IS THE BEGINNING OF THAT DECLINE!
WHEN WILL IT END DOC?   SLAP! SORRY NO DATE OR RATE!
THIS COMING WEEK SHOULD REALLY RAMP THINGS UP IN A NUMBER OF WAYS.
IRAQ APPEARS TO BE CONCLUDING THE LONG AWAITED LAWS IN PREPARATION OF A RATE CHANGE!

AS WE END THE FISCAL YEAR FOR THE U.S. IN SEPTEMBER, COULD WE SEE A NEW BEGINNING AND A NEW GLOBAL REALITY IN OCTOBER? MMMM
GOD ONLY KNOWS BUT SEVERAL THINGS ARE COMING TOGETHER!
1. LAWS ARE CONCLUDING AND ARE READY TO IMPLEMENT IN IRAQ.
2. MARKETS ARE IN BEAR MARKET TERRITORY AND SEEKING A “NEW GLOBAL REALITY VALUE” AS THE ASSET REPRICING IS UNDERWAY.
3. ONE COUNTRY AND 1 TERRITORY ARE IN DEFAULT WHILE DOWNGRADES TO BRAZIL, JAPAN, AND NOW FRANCE ELEVATE GLOBAL RISKS!
4. AS THE WORLD BEGINS TO DUMP EXCESS DOLLARS, WE CONTINUE TO TRANSITION TOWARDS THE MULTILATERAL SYSTEM. LIQUIDITY ISSUES ARE LIKELY TO SURFACE AT ANY GIVEN MOMENT REQUIRING A BAILOUT FROM GUESS WHO? THAT’S RIGHT…THE SDR IN THE IMF IN THE FORM OF TRN’S!
5. THE ANNOUNCEMENT PROMISED BY CONGRESS ON IRAN FOR THE 17TH NEVER CAME! MMMM WILL MITCH MCONNELL BE RIGHT? WILL THEY BEGIN THE PROCESS OF RELEASING IRAN FROM SANCTIONS ON THE 8TH OF OCTOBER?
6. LET’S NOT FORGET “THE MAIN EVENT”… THE GOVT. SHUT DOWN! THE LAST FEW DAYS OF SEPT. ARE PACKED AND STACKED! GRAB SOME POPCORN AND ENJOY THE NEW REALITY SHOW! WE ARE “ALL IN” …RIGHT???
WITH THE GLOBAL DEFLATIONARY SPIRAL, HOW LONG WILL IT BE UNTIL EVERY COUNTRY AND PERSON DEVALUES TO JUNK STATUS!
IT’S TIME FOR A NEW BEGINNING!
IT’S TIME TO EMPTY THE “JUNK IN THE TRUNK”!
“WHEN THINGS ARE THE WORST, THEY ARE THE BEST”!
8@8, DOC     IMO