Thursday, August 3, 2017


8-3-2017   Newshound Guru Kaperoni  Article:  "IMF Executive Board Completes Second Review of IraqÂ?s Stand-By Arrangement and the 2017 Article IV Consultation"    The good news is when push comes to shove, parliament will pass legislation as seen with the recent supplemental budget. Iraq needs money now, and IMO there is no time to waste to create the conditions for investment and a private sector. We wait and see...

8-3-2017  Newshound Guru Adam Montana   Then, after many ups and downs... there it is. "The one". You see it coming, a smile crosses your face, and you start paddling. The force of the wave picks you up, starts pushing you forward, and you're about to stand up... and the momentum fades. You shrug and turn around, and paddle back out. Repeat. A beginner surfer might get discouraged at this. "Dang! I guess I'll never catch a wave!"  Does that sound like our current situation? It does to me.  But that's the wrong way to look at it, it's the wrong way to wait for "the one". Thinking like that will distract you, and you'll be whining about how that last wave set you up for disappointment... and you won't be ready to paddle like mad when the REAL wave comes. That's where we are, and yes this entire post was a metaphor.   Just like the ocean is surely going to create a wave worthy of surfing on, we are certainly in the right spot to ride that wave, if we are only ready to paddle like mad when it comes. [post 2 of 2]

8-3-2017   Newshound Guru Adam Montana  It's Wednesday, and I hate to be the bearer of "no news", but I prefer that to "bad news"!  We seem to have hit another lull in the dinar, and as I was laying in bed this morning rubbing the cobwebs out of my eyes, I thought back to my days as a teenager when I used to hitchhike to the beach with my surfboard.  Anyone who has surfed will know this feeling well...you paddle out, find your spot, and hang out for a bit. Sometimes the wave you will ride comes right away, but most of the time it does not. So you sit there, treading water, rising with the surge, and then going down the back of what could have been a wave but it just wasn't the one.  That is how I feel we are right now. It's not a bad place to be, not by any means! We get a swell, and wonder if "this is the one", but it passes without breaking in our favor.  [post 1 of 2...stay tuned]

8-3-2017   Newshound/Intel Guru Mnt Goat   The Central Bank of Iraq in a statement received, Alsumaria News,  "The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges ".  This review will pave the third revision , which will begin in the month of September next action. Remember the IMF is not obligated to pay Iraq another installment on the SBA loan if they do not implement the needed reforms and make progress as agreed in their MOU dated all the way back to 2015.   [post 2 of 2]

8-3-2017   Newshound/Intel Guru Mnt Goat   So we heard about the second audit review Iraq had with the IMF...8/1.   ...this meeting was not all about the RV and approving the new rate...I am sure they talked about this event but trust me it was not about "pulling the trigger" this week.   Many say that even if the meeting was all about the RV they wouldn't tell us anyway and make it so open and public. I believe just the opposite. The CBI is not hiding this event folks. They have no reason to hide it. They are very proud to bring back their currency to its former glory. The CBI also told the public in Iraq many times they will educate them along the way.  We expect it to  happen again, when the time is ready. The reason we have not yet seen this is that they are NOT YET READY.

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