8-15-2012 Tony (PTR): I got calls this morning from banking people and from people in the Iraqi government. They are saying good things happened today, good things in happened in Parliament; they signed off on some things today to do with the dinar and the banking system and the people over there know it and are excited. All this took place in the last 3 or 4 hours. It was a significant move. It [today] is not the day that I heard for it to happen and they do have a target date and today is not it. On top of everything I just told you, Iraq said they want to pay their ministers the 15th through the 18th. They want this thing to happen right after that 3 day holiday which is the 21st. Even though they have been saying it is out of their hands this is the public part they had to do to make it work even though all the decisions have been made. Everybody is excited.
8-15-2012 Gary (PTR): Decisions are being made overseas that are acting like this is complete. We do have people at a number of locations who have been contacted by banks saying that it is time and they are negotiating to move forward with those people. The banks are preparing on different levels and everybody started moving into positions at different locations over the weekend and on Monday were prepared and believing this is complete. We had news that Christine Legarde was over here and dealing with some very key issues. We also are aware that there were a number of other commitments made and money being moved. I know in the news Fox even talked again about a global release and there were going to be some announcements. So everybody was eager and waiting and I believe every one of them was referring to the global currency change. So all of a sudden we have an issue. I’ve heard that one issue was dealing with a currency that is in the basket. Some people had some challenges with that one currency and they are going back through some things and correcting the issues there were with that one currency and it was not the one we are looking at but was one of the others. But it is close.
8-15-2012 Captjohn: This may turn out to be a revaluation of historic magnitude, however, remember one important point: It's not like the IQD has been floating around 1170 for years and now they want to arbitrarily increase its value by 1000x. The IQD had a historic value of greater than $3.00 prior to Iraq's invasion of Kuwait. It was as a punitive measure that the IQD was artificially knocked down to where it remains today that has to be taken into account. While an increase of 100,000% to a position of 1 to 1 is a big move, from an historic perspective, it may be viewed as an adjustment to, or reinstatement to, prior pre-invasion levels. If viewed as such, then the increase doesn't look to be of such an historic magnitude.