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Tuesday, September 13, 2016

DINAR GURUS UPDATE, 13 SEPT

9-13-2016   Newshound Guru Mailman17  THEIR MAIN CONCERN IS WHATS INSIDE IRAQ, NOT OUTSIDE. WHAT WE HOLD IS NOTHING IN THE GRAND SCHEME OF THINGS AS THAT ALSO WILL FIND ITS WAY INTO OUR TREASURY AS OTHER COUNTRIES AS WELL. SHABS [DR. SHABIBIS] PLAN FROM DAY ONE WAS AND ALWAYS WILL BE ON PAR 1-1 AS HE HAS STATED MANY TIMES. A 1-1 WITH IRAQ BACKING ONLY A SMALL % OF PHYSICAL DINAR IS VERY PLAUSIBLE, ESPECIALLY IN REGARDS TO OTHER ASSETS THEY HOLD OTHER THAN GOLD. REMEMBER PHOSPHORUS? I DO THINK MOSUL IS A LOT FURTHER ALONG THAN REPORTS SHOW.  IT IS THE LAST DOMINO IMO AND WE JUST WAIT FOR THE ANNOUNCEMENT. THEN I BELIEVE REFORMS WILL TAKE OFF ASAP. AND I HATE TO BRING UP HISTORY, BUT IRAQS FINANCIALS AS REPORTED ARE QUESTIONABLE AT BEST AS THEY HAVE BEEN FOUND WITH 2 SETS OF BOOKS IN THE PAST. SOMETIMES WHAT YOU SEE ISNT ALWAYS WHAT IT IS. IRAQ IS READY...ARE YOU? I KNOW I AM...AS ALWAYS JMHO.  [post 2 of 2]

9-13-2016   Newshound Guru Mailman17   I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO...THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY. WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR.  AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES.  [reference Guru Breitling post 9-13-2016]  [post 1 of 2....stay tuned]

9-13-2016   Newshound Guru mike   Article:  "Immaturity" economically Iraq has been presented by international conditions, "most unfair" and Abadi demands as "bold stances"   Quotes:  "financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private"  "those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance."  This says it all...Abadi needs to get in the game, attack the corruption and get the open market economy opened up.

9-13-2016   Intel Guru ADMINBILL   NO RV/GCR THIS MORNING. I AM TOLD TO NOT WORRY. IT IS ON THE WAY.  NEXT OPPORTUNITY IS APPROACHING BY WEEKS END.  LET'S ALL HANG IN THERE AND SEE WHAT HAPPENS. COULD IT STILL HAPPEN TODAY? MAYBE.

9-13-2016  Newshound Guru Breitling  
...articles coming out with banks having problems giving people Iraqi dinar.  Remember this is a two pronged attack.  They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there.  We don’t have enough information to calculate.  At what point are they pulling dollars off?  and at what point are they reducing the note count.  And at what point are they more heavy than the other?  We don’t know.  BUT we know what to look for and we know the key words they’re saying and what it means for us...Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes.  and you’ll figure out about what the note count is at. 

9-13-2016   Newshound Guru mike   Article:  "Parliamentary Finance: granting employees leave for five years testifies to the bankruptcy of the Iraqi state"   Maliki went on a hiring binge and now Abadi's got to trim the fat and let them go.  Iraq could afford the patronage system when they were making $100 billion a year from oil but now that it's down, there's no fat to feed the folks. It seems like Iraq has the right idea, move these folks off the government teet and get them into the private sector, but they're doing it backwards. First they need to set up the open market economy and then you grant these folks "vacation."  By moving these folks over it will save the government's bloated payroll but it needs to be done with some kind of common sense. 

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