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Thursday, September 29, 2016

DINAR GURUS UPDATE, 29 SEPT

9- -29-2016   Intel Guru Frank26   After Mosul we would see more on the Monetary Reform...I believe Mosul is coming to a close now because different parts of the Economic Reform came out before they even told you about Fallujah...I’m seeing the Monetary Reforms in the last few days come out in great strides...Try to stop an avalanche...it is coming down like a lava flow... you can’t stop this Monetary Reform.

9-29-2016   Newshound Guru Adam Montana
  [Do you think oil with stay low & cause the RV to delay or come out lower?]  I think oil will start to go back up OR Iraq will adjust, but it will not be a permanent delay.   [Do you still think we can / will see an Oct RV or simply things "getting better".]   Both. 
 [ I am under the impression Mosul will be retaken by the joint forces within a few weeks. Does that  make any more reason for them to finally roll out there new rate?]  It's not "the" reason, but it's definitely forward progress and a positive thing. 

9-29-2016   Newshound Guru rcookie   Article:  "Iraq: 634 receive Advisor Abadi million dollars from the IMF and the budget deficit "shrinking"  Quote:  "...the size of the budget deficit in 2017 shrank from 34 trillion to 12 trillion dinars, indicating that the next instalment of an IMF loan for Iraq amounted to $ 643 million..."   AND THERE IT IS...DEFICIT TRIMMED FROM 34 TRILLION TO 12...   [those numbers are amazing.]  WITH IMF ASSISTANCE AND GUIDANCE JUST LIKE 2016 BUDGET THEY CO AUTHORED...NEVER... EVER...EVER HAPPENED IN THEIR HISTORY...NEVER...THEY FINALLY RIPPED THE BAND AID OFF...READY TO PLAY IN THE BIG BOY SAND BOX...   [post 2 of 2]

9-29-2016   Newshound Guru rcookie   Article:  "Cabinet approves 2017 budget amendment"   SO 2017 BUDGET AMENDMENTS APPROVED BY CABINET...JUST AS LAST YEAR WITH THE IMF CO-AUTHORING BUDGET AND MANDATING THE CRITERIA THAT WOULD QUALIFY THEM FOR THE SMP AND THEN SBA LOANS...THIS YEAR EXACTLY THE SAME...THEY GOT THEIR 2ND INSTALLMENT OF SBA MONEY BECAUSE THEY MADE THE NECESSARY AMENDMENTS TO IMPAct deficit and reforms that were then inspected and approved by imf before relaesing loan money...  [Will the OPEC decision today hinder those output numbers?]  NO...THE OPEC NEWS IS GREAT BECAUSE IT WILL POSITIVELY IMPACT BUDGET REVENUES...AS OIL WAS ADJUSTED TO $42...DEFICIT ATTACKED ON BOTH ENDS.....IMF SMILES AND CUTS NEW CHECK...SIMPLE.  [post 1 of 2....stay tuned]

9-29-2016   Newshound Guru mike   Article:  "Trade protectionism stimulate national industry"   Quote   "...resort states to various means in order to encourage and support enterprise productivity to achieve economic growth..."   We've known this for years, so do the Iraqi's, what's missing is the political will to implement the much overdo changes to the open market economy. On a positive note, at least they know what they need to do.  Now they just need to do it. 

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