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Thursday, June 1, 2017

DINAR GURUS UPDATE, 1 JUNE

6-1-2017   Newshound Guru Phillyman   Alot of articles hit starting yesterday about IS getting ready for the final stand in the Old City the place of that leaning minaret, the Great Mosque of al-Nuri.  They are coming up on the 3 yr anniversary of Abu Bakr al-Baghdadi declaring the caliphate there.  We are witnessing what will go down as a celebrated and historic event in Iraqs history.  We know they are short on holidays and could certainly use another one.  Does it mean the end of IS in Iraq? Clearly it does not but it seems that the Iraqis are seeing it as a turning point.  Praying its over soon.

6-1-2017   Newshound Guru Kaperoni
   [...is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   ...at this point and time, it does not matter what the exchange rate is regarding rebuilding...since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

6-1-2017   Intel/Newshound Guru Backdoc   [...how does june the 8th look for things to kick off?]   NO SIR.  NOW THAT COUNTRIES ARE USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH VALUES.   SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH. THESE ARE JUST SOME THOUGHTS.

6-1-2017   Newshound Guru mike   Article:  "The Iraqi delegation begins its negotiations today with the International Monetary Fund"   The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it.   ...the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that's who Cash Box Int'l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg.  I don't see Iraq moving off the peg, this is a great article.

6-1-2017   Newshound Guru Adam Montana   [Can there be an RV without an HCL passing? and conversely, can there be a passing of the HCL without an RV?]   In my very FIRM opinion - NO.

6-1-2017   Newshound/Intel Guru Mnt Goat   Whoever would have thought we would still be here without an RV at the end of May in the year 2017?  So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV...let’s see what goodies the CBI brings us around this time.  I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it.  ​

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