Dinar Update At http://www.dinarguru.com/
10-17-2012 Intel Guru Hammerman MY CONTACTS IN IRAQ STILL SAY SHABIBI IS THE MAN...BUT USA AND CHINA SOURCES SAY HE IS GONE...AT THIS POINT I HAVE TO SAY HE MORE THAN LIKELY IS GONE...BUT TIME WILL TELL...SHABIBI'S LAST DAY IN OFFICE IS IN LATE NOVEMBER ANY WAY...I BET HE JUST HANGS AROUND TILL THEN AND ENDS AS HE IS SUPPOSED TO, IMO THAT IS HOW IT WILL GO DOWN. I AM STILL HEARING MID TO LATE NOVEMBER BUT...HMMMM. 3 VERY GOOD CALLS LAST NITE FROM SWITZERLAND, CHINA AND LONDON, ALL SAYING BE AWARE THE NEXT FEW DAYS. IN APROX. 3 WEEKS IT IS ALSO IRAQI ELCTIONS AND MALIKI MAY PUSH SOMTHING FORWARD, SO ALOT SOUNDING IN OUR FAVOR. I DONT KNOW ALOT ABOUT THIS NEW SUPPOSED GOV. OF CBI BUT MY GOOD FREIND PANNZER LOOKED INTO HIM AND SAYS HE IS VERY PRO RV SO ALL THIS COULD BE SOMETHING VERY MUCH IN OUT FAVOR.
10-17-2012 Newshound Guru Kaperoni lets be real about a few things. How important those things are, is yet to be decided. 1. No matter what the charges are on Shabs, the fact that Maliki took over the CBI is bad news. Bad news for Iraq's independence and democracy. 2. This event will impact investment in Iraq. Clearly it will. 3. Delays, at the very least, its a setback. So close to a free float of the dinar, and then this happens will delay any further implementation. There is no doubt. 4. Banking confidence. One's central bank is a reflection of it's ability to pay bills and credit worthiness. This move sets the CBI under the GOI which will weaken that position. [post 3 of 3]
10-17-2012 Newshound Guru Kaperoni No chance Shabibi will go back to the CBI unless Maliki is gone...the CoM/Maliki are already all over the CBI and making policy decisions. There is no good way to look at that...There you have it! The CoM has control of the CBI. Its all over mainstream media. Maliki the dictator wants control and now has it. Even the Economists in Iraq say its a sad day for Iraq. You can put a good spin on it or ask for help, but nobody is stepping up to help. No matter how you slice it, having Maliki take over the CBI is bad for Iraq and bad for us. I am not giving up, its just the reality of Iraq and we as investors are stuck watching while all this plays out. One thing for sure, there was a clear sense of urgency on Maliki's part to do this now which we believe was just before Shabs initiated the free float. So what is next? We wait. [post 2 of 3....stay tuned]
10-17-2012 Newshound Guru Kaperoni Maliki has no authority constitutionally to do this. The CBI only answers to Parliament. And to answer the...information that Maliki will do the RV, unlikely at best. I am not abandoning ship here, but the facts are the facts...Shabibi tried at least twice to impliment the RV and new currency. Maliki stopped it. Then, Shabs said, I will do what is within my power and change to a free float, you cannot stop that...and guess what?..he did! Stopped it. It is clear IMO, that Maliki does not want to give value to the currency. He is a criminal and thief and now will raid the vaults of the CBI. Dont confuse the facts...to make it look like Maliki is a good guy. He is NOT. That is a fact. [post 1 of 3....stay tuned]
10-17-2012 Intel Guru BWM [is Shabs in or out?] consider this...Shabs is the GOVERNOR of the central bank of Iraq...which is an appointed position and not directly under the guidelines or supervision of the GOI...the GOI CAN delegate legislation in regards to the currency (as this directly related to the overall economic picture).
10-17-2012 Newshound Guru Adam Montana So while we are going to watch the news very carefully to see how this plays out, one way or another I think this is good news for us. It means things are moving in a definite direction, instead of just going in circles. We do have one possible hangup, and that is of course the US Elections. Being this close to a major shift in world politics (no matter who wins), they will probably be wise to sit on an RV announcement until a week or two after the US Presidential election. Time will tell, but in my opinion we are simply too close to an event that has a huge effect on the entire world to risk RV'ing right now. I hope I'm wrong and the RV is announced tomorrow. However, ... this is a long term investment. The question is "How long?" [post 3 of 3]
10-17-2012 Newshound Guru Adam Montana So, in my opinion one of two things is happening...1. We are closer to the RV than ever, and this is the start of an absolute STORM in breaking news. Shabibi has been instrumental in maintaining a stable rate in the dinar and also growing it, but we have always wondered if he would support an RV. Now that Iraq is so much more stable and ready to move forward, if Shabibi was simply refusing to cooperate with the RV plan, Maliki is taking the bull by the horns and putting people in place who WILL cooperate. That's one option. 2. With the RV on the near horizon, the transparency in banking and technology being implemented revealed an actual crime and these charges could be legitimate. What this means is that Shabibi is permanently out, possibly done for good, but on the other side of the coin this tells us that the infrastructure is in place and we are close to GO time. That's the other distinct possibility [post 2 of 3....stay tuned]
10-17-2012 Newshound Guru Adam Montana the BIG news is on Shabibi...he is at least temporarily replaced by Abdul-Basit Turki in the role of head honcho at the CBI. There have been no charges filed at this time, BUT warrants for Shabibi and at least 29 other bank officials have been filed. Maliki seems to be at the head of this charge, and the reason is stated to be financial crimes. This comes after a very strong trend in news about banking transparency and advancements. [post 1 of 3....stay tuned]
10-17-2012 Newshound Guru Phoenix3333 The allegations about Shabibi are real. Mr. Shabibi has been heavy into the IMF for a long time, heavy into the World Banks, he is an economic heavy weight. Maliki and Talabani met with heads from the Obama Administration, big meetings regarding the CBI, the currency & the next thing we know Shabibi has been removed & replaced. The IMF are bankers, it doesn't care about the people, it wants to know that they can get their money back. What if the IMF wanted Iraq to be so far under that they had to take out loans from the IMF. Who better to become their debtor & repay loans than Iraq with all of their wealth. So, why doesn't Iraq revalue their currency? When? What if Iraq wants their wealth back and the man put in place says no. Maybe Mr. IMF was in control there, & has now been removed. Do I think they will move forward quickly? Yes, I do.
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