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Saturday, June 11, 2016

DINAR GURUS UPDATE, 11 JUNE

6-11-2016  Newshound Guru Breitling  …the question is what more do they have to do to be able to add value to their currency?  Is their any laws they need to pass?  They want to pass more laws.  Now people are going to start looking at the date.  They don’t need it.  They can revalue today.  BUT to make things work correctly and to move thing forward to where there is no competition on..their agenda…they need to pass some of this stuff.  But they can revalue today.  We don’t need to look for excuses for them to revalue…that’s there.  That’s been there since last year.  It’s pretty significant.   [Post 2 of 2 stay tuned for the rest of the story]

6-11-2016   Newshound Guru rcookie
  Article:  "Oil exports to America has tripled since last January"  Quote:  "Raising the Iraq of the daily production of oil to its highest ever to 4.5 million barrels a day in may, according to research firm estimates..."  RIGHT UNDER OUR NOSES...IRAQ JACKS UP PRODUCTION TO 4.5 MBPD...WOW!

6-11-2016   Newshound Guru tlm7214
   Article:  "Keywords: administrative changes "necessary" and based on the requirements of the "urgent"    ...not only have they appointed new staff but they also have oversight and a time frame to follow and why is that?  because the changes coincided with the international loan for Iraq's security and the ongoing developments...all tied up nice and neat...when they were saying early last month that there were no conditions to the loans we knew better...

6-11-2016 Newshound Guru Breitling  A lot of people been asking me about the auctions because of the articles coming out about it…to stage it correctly I mentioned specifically that when they start toying with the actions and reducing it or getting rid of it that that means our day is coming down the road.  This is exactly what they are talking about.  Article “Foreign exchange systems have been found to give rise to exchange restrictions and to multiple currency practices…”  That was the game…they tried to use the auctions to manipulate the value and the supply times velocity of the dinar.  They also wanted to control the foreign currency coming in…it’s no coincidence that there is more and more talk about getting rid of the actions…. [Post 1 of 2 stay tuned for the rest of the story]

6-11-2016   Newshound Guru firefly   Do not be dismayed or frustrated if it doesn't happen by the end of this month. Remember, they will never tell us a date until after the fact. Just know it is real and coming!  I hate to use soon but yes, VERY soon.  The evidence is right before our eyes...   They would not be going through the process with the IMF, WB, UN, UST, if they had no intentions of fulfilling their end of the agreement.

6-11-2016   Intel Guru SteveI
  Topic:  "Iraqi ports apply "new tariff" mid-June current"  [Raising the cost of goods on the citizens should go over like a lead ballon - based on their current purchasing power... Yes, unless that changes.

6-11-2016   Newshound Guru Chattels   ...neither Abadi nor Sadr are making any real effort to fight corruption.  there has not been a single prosecution of a political insider from any Shia Islamist or Kurdish faction, or even from any Sunni Arab faction on good terms with Baghdad.  Abadi has no electoral mandate or even a governing coalition in parliament...the crisis of institutions remains, and only on June 7 was he again able to get a majority of ministers to attend cabinet meetings and indisputably establish legal quorum. Parliament, now in recess, has likewise made quorum only once since April 26, with Jaburi’s status as speaker presently under legal challenge. It remains unclear whether Abadi can use the current breathing space to get political institutions back on track.

TNT UPDATE, 11 JUNE

TNT

Fitzgerald:  I EXPECT THINGS TO HAPPEN REALLY FAST NOW, NOT NEXT WEEKEND

Airam:  Then when??  As now now?

Fitzgerald:  AS IN JUST A FEW MORE PRECIOUS MOMENTS AIRAM, THINGS ALL FALLING LIKE DOMINOES

WE WILL BE INFORMED DONT WORRY

I KEEP SAYING TO PEOPLE........ ARE YOU READY!!!!!!!!

DO YOU KNOW WHAT TO DO WHEN THIS POPS

WHERE IS YOUR PAPERS

WHERE IS YOUR CURRENCY

DO YOU KNOW WHERE YOUR NEAREST EXCHANGE CENTER IS

HAVE YOU SPOKEN WITH A WEALTH MANAGER

WHAT BANK OR BANKS ARE YOU INTERESTED IN USING

HAVE YOU SPOKEN WITH SOME PROFESSIONAL PEOPLE IN THE AREAS OF FINANCE, TAX LAW, LLC, TRUST

WHAT ARE YOUR FIRST 10 THINGS YOU WILL DO BEFORE AND AFTER THE EXCHANGE

THERES TO MUCH IN PLAY RIGHT GUYS, THATS GOING TO SEND US TO THE BANK,

WINGIT TIDBIT, 11 JUNE

WINGIT
Wonderful2016:  Everyone we have continue to believe and know it's coming. There are a few things we can look at to know what's going on and know it got to come soon. If it does not the American economy is in trouble. I believe they do not want that to happen.

Some of the things we can see is one the stock market has closed to days down not a large amount be down. Than look at the banks that are having problems all over. Also look at the bond market.  That is just a few that play a part it got to end.

Clemsonfan:  expectations to see the RV this weekend if they do it the easy way...there is a lot of pressure coming down by the 16th...if they hold out, sources see it coming by next weekend and it might be an ugly process........but we win.

LILYPAD: Single Currency Rate Deserves Priority--FOREX!!!!!!!!!! IRAN, 11 JUNE

Single Currency Rate Deserves Priority

The foreign exchange market is one sector of the Iranian economy almost always affected by economic and political upheavals. Similarly, it exercises a major influence over key economic indicators such as the inflation rate, production and exports. It has been three years since the market experienced wild gyrations before settling in relative stability, thanks in large part to the economic policies of President Hassan Rouhani who took office in the summer of 2013.   
In a talk with Tehran’s Chamber of Commerce, Industries, Mines and Agriculture’s monthly magazine, the CEO of Export Guarantee Fund of Iran, Kamal Seyyed Ali shared his views on the key issues related to the currency market.
“A key issue is the unification of forex rates. The government and the Central Bank of Iran should not hesitate in unifying the rates,” he said. He elaborated by saying that the single rate plan is necessary as it helps put an end to rent-seeking, augurs well for transparency and facilitates foreign investment into the country.
According to Seyyed Ali another hurdle in the way of rate unification is the lack of sufficient correspondent banking relations with foreign lenders. “Furthermore we are not able to deal in the US dollar and this makes the single rate project more difficult.”
 Not by Decree
Asked about the current situation of the currency market, the senior official said the market is stable for the time being and added that the CBI should take effective measures in dealing with the forex market.
 “However, we should not try to stabilize the forex market by decree. Such actions are dangerous and could lead to a sudden increase in currency rates.”
He recommended the government to opt for “floating but managed” exchange rates.
On the effect of the plunge in international oil prices on the forex market, Seyyed Ali said it forces the government to spend more of its foreign exchange reserves. “Withdrawing from the foreign currency reserves is not a good idea, but if the CBI cannot manage to keep the pressure off the market forex rates may rise.”
The former deputy of the CBI’s forex department noted that the lifting of sanctions and normalizing relations with the outside world can and should help maintain the present stability in the forex market.
Pointing to the recent decline in the USD exchange rate, Seyyed Ali said it could ultimately harm Iranian export, and opined that further decline in the foreign exchange rate would in effect undermine exports in 2017.
Iran was forced to revert to the controversial double exchange rate regime after nuclear-related sanctions caused unprecedented turmoil in the forex market in 2011-12 in which the national currency lost almost 70% of its value within days. The government and CBI officials have said they intend to introduce a “floating,” yet “managed” exchange rate regime by October.

ELMERF123456: This is colossal news !, 11 JUNE

Iraq agrees to the International Monetary requirement to pay debt of Kuwait to receive 20 billion loan
economy
Since 06/11/2016 12:30 (Baghdad time)

Special - balances News
Confirmed member of the Committee of Economy and Investment parliamentary Najiba Najib, said Saturday that Iraq will be given to the State of Kuwait debts of nearly 9 billion dollars, while noting that the government obtained a loan from the International Monetary Fund to support the budget for the next two years.
She said Najib's / balances News /, that "the agreement between Iraq and the International Monetary Fund estimated" 20 "billion dollars, including compensation payments to Kuwait," she said, adding that "in the past has been postponed this compensation for two consecutive years due to the inability of the Iraqi government paid of Kuwait. "
She added, "The (13.6) billion for budget support will be in the country for 2016 and 2017 and 2018," pointing out that "(6.9) billion dollars will be allocated to pay off the debt of Kuwait."
She added that "Iraq has to pay more than 55 billion to Kuwait," pointing out that "it was to reach a result that gives the International Monetary Fund to Iraq these amounts to be paid to the state mentioned."
She pointed out that "these amounts will be paid in the form of easy installments," indicating that "these loans have a negative impact on Iraq's economy" .anthy
From: Nur al-Din Wahba   http://www.mawazin.net/العراق-يوافق-على-شرط-النقد-الدولي-بدفع-ديون-الكويت-لتسلم-قرض-ال20-مليار
this is why it's HUGE!
When the Iran–Iraq War broke out, Kuwait initially stayed neutral and also tried mediating between Iran and Iraq. In 1982, Khomeini openly attempted exporting the Iranian Revolution to Kuwait.[citation needed] As a result, Kuwait supported Iraq in order to prevent Iranian hegemony in Kuwait. In 1982–1983, Kuwait began sending significant financial aid to Iraq. Kuwait's large-scale economic assistance to Iraq often triggered hostile Iranian actions against Kuwait. Iran repeatedly targeted Kuwaiti oil tankers in 1984 and fired weapons at Kuwaiti security personnel stationed on Bubiyan island in 1988.[18] During the Iran–Iraq War, Kuwait functioned as Iraq's major port once Basra was shut down by the fighting.[19] However, after the war ended, the friendly relations between the two neighbouring Arabcountries turned sour for several economic and diplomatic reasons that culminated in an Iraqi invasion of Kuwait.
By the time the Iran–Iraq War ended, Iraq was not in a financial position to repay the US$14 billion it borrowed from Kuwait to finance its war and requested that Kuwait forgive the debt.[9] Iraq argued that the war had prevented the rise of Iranian hegemony in Kuwait. However, Kuwait's reluctance to pardon the debt created strains in the relationship between the two countries. During late 1989, several official meetings were held between the Kuwaiti and Iraqi leaders but they were unable to break the deadlock between the two.

BREITLING REPORT, 11 JUNE