Saturday, August 12, 2017


8-12-2017   Newshound Guru Shredd    Article:  "International Monetary Fund: Iraq faces double economic crisis and risks remain high"   When an economy struggles, one tool to combat financial distress is to adjust the country's currency...just like the US recently lowering the value of the dollar.   Iraq has the same opportunity. What complicates this is the use of the dollar...but this is all good and works for our benefit imo.

8-12-2017   Intel Guru Frank26
   IOO as a TEAM of STUDY...A [Abadi] made his speech on Iraqia TV in front of the citizens of Iraq...We considered it a "STATE OF THE UNION ADDRESS".  Because he covered many issues along with announcing they are out of CH7.   ONE specific issue we can not SHARE yet...Nor were You able to hear it...It was not a part of the video.  IMO...We are Blessed to be in the position that we are in with this investment.

8-12-2017   Newshound Guru Kaperoni   ...the CBI intentionally sold dinar outside of Iraq to eventually find it way into the global financial system. Once the dinar is trading, I expect the dinar to rise (Balassa-Samuelson effect) as the IMF stated back in 2012.  Many believe it is grossly undervalued, and if so when supply and demand takes over,  it should get a substantial correction.

8-12-2017   Intel Guru RayRen98   Also, information out that Kuwait received their last payment.  BIG - to satisfy the IMF requirements along with removing multiple currencies in the country.  Also, no auction reports for today.  If everything goes according to what I expect don't be surprised if no auction reports on Monday.  That to could be  a signal of Article 8 compliance.  CURRENT WINDOW: The targeted execution date is August 21 based on what they put out there.  We had some sources looking for something to happen this week.  At least a phase of it to happen this week.  Contractors and others told to have all their bookkeeping in the by the 21st.  But anything could possibly happen before then.   ...heard the lower denom's are NOT being used yet.   [post 2 of 2]

8-12-2017   Intel Guru RayRen98   The update information I sent out is still the prevailing information. [reference Guru RayRen98 post 8-10-2017] The video clip brought a lot of discussion of PM Abadi having a press conference and a cavalier type statement, to my way of thinking, that Iraq had exited Chapter 7.  Some will debate that's not new news and some say they are still in Chapter 7.  That puts the debate to an end.  He's made the proclamation. Also, info still inconclusive on the IMF.  Cannot give it 100% yet...That is IMF making reference to Iraq being Article 8 compliant.  That's not the same as proclaiming them Article 8, making it in effect.  Could make for discussion, "are they or are they not."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.