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Friday, June 1, 2018

DINAR GURUS UPDATE, 1 JUNE

6-1-2018   Newshound Guru Kaperoni   We're getting down there our records show the CBI only has about 13 days to meet IMF compliance.  Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed.  Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.

6-1-2018   
Intel Guru Bruce   The other thing is we expect this information, this announcement, all the stuff that happened yesterday to come out in the Gazette tomorrow [Friday].  Now we are hearing that from our contacts in Arbil.  ...That information, everything that transpired, I think it is going to give us the information about Abadi again as Prime Minister. It should bring something to us as far as Iraq new status in the world, the rate, all the things we talked about showing up it should occur tomorrow [Friday] in Iraq.  ...I am hoping with the information I was getting today, it was indicating that something very good for us taking place and you know what that is maybe in the next 48 hours. ...We could have a very special weekend... Other than that the rates are still good...Yes we were correct it would be over $4... I brought over to you weeks ago...   [post 3 of 3]

6-1-2018   Intel Guru Bruce   Also what is happening in Iraq is there are 115...areas, let's call it... that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas...of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go.  ...I think that is really important.  [post 2 of 3....stay tuned]

6-1-2018   Intel Guru Bruce   We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq.  We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament... Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday]  [post 1 of 3....stay tuned]

6-1-2018   Newshound Guru Kaperoni    Iraq must prepare for an influx of investment capital...what I am telling you is what will happen...they cannot reduce the not [note ?] count until the auctions end...because that is how the auctions work...the auctions are a balance between dinar and dollars...the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq...much of the information comes from all sources including documents, articles, reports, etc.   The IMF is very transparent and have been very accurate.   [post 2 of 2]

6-1-2018   Newshound Guru Kaperoni    June 15th or about is the 3 month IMF requirement...but that does not mean they will accept Article VIII at that time...it is a CBI decision...The CBI though should not wait.  The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment...  [But you stick to your float scenario...like glue...right?]  ...that is the only option...this is not a question of what they will do, we know what they will do...they can only float...the Balassa-Sanuelson effect is on our side...iraq must get off the peg and the choice is only to float...economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy...   [post 1 of 2....stay tuned]

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