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Friday, February 10, 2017

DINAR GURUS UPDATE, 10 FEB

2-10-2017  Newshound Guru Breitling  ….We’ll wake up and just find out.  At what rate?  At what pace?  We don’t know…let’s say it revalues at .05 cents or .10 cents… I’ve been trying to talk people into understanding what could happen and not jumping off a stinking bridge or jumping out of a basement window because it doesn’t come out at a dollar seven the first night.  The value will go up.  It will progress.  The value will keep going up….don’t get stuck on the day it’s going to revalue and what it is.  It’s going to take a while to trend.  and how the market in Iraq reacts.  It’s not a magic wand.  It never was and never will be.  

2-10-2017   Intel Guru Frank26
    I was talking to some of my friends...who have invested for many, many years in Iraq...like 8 years now...my friends have established businesses in Iraq...not profitable at a program yet...they haven’t made a penny…but they are in IRAQ! One of them told me that they have these ATM machines...and the CBI wanted them to install the ATM machines. So they did...and he said that “we’ve got over 1,000 machines in the Northern region of Iraq...but they are NOT programmed yet for the new monetary platform that they are trying to establish. The software is different. The old machines don’t recognize the lower denoms.  You know what’s on this ATM? “MASTERCARD” with their big logo...which says “INTERNATIONAL”.

2-10-2017   Newshound Guru loop
  Article:   "A parliamentary committee proposes assigning state - owned companies to guarantee deposits of private banks"   Quote:  "Parliamentary Finance Committee has proposed converting an Iraqi insurance companies to the guarantor institution to domestic banks in order to restore trust between the citizen and the banks."  This is something right out of the IMF SBA banking reforms. They need to guarantee those deposits and it appears that they have figured out a way to do just that. If the citizens do not trust the banks the economy will struggle.  The banks need the liquidity.

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