3-22-2013 Intel Guru OCrush Article: "IMF Mission Concludes Article IV Discussions with Iraq" We truly are at the end of this ride! Everyday I checked the IMF site for an Article 4 update (started after the IMF's SBA ended..Feb 23, 2013) I cannot tell you how excited I was when I saw this today!! It is dated March 21, 2013. CHANGES ARE COMING!!! ANOTHER IMPORTANT FACT IS MR. Carlo Sdralevich FROM THE IMF MET WITH ALL THE SIGNIFICANT PARTIES. THIS TOOK PLACE IN JORDAN ON MARCH 2 - 12 ...10 DAYS OF MEETINGS....THIS IS HUGE. THERE IS ONLY ONE THING THAT COMES TO MY MIND, MONETARY POLICY CHANGES. [post 1 of 2....stay tuned]
3-22-2013 Newshound Guru Shredd The wonderful buck, the currency that has kept them going is about to leave the building like elvis so, the logical solution is to get the dinar to take its place because this problem can't continue. An economy is the fuel for a country. Some will say iraq can just flood more USD but it is weak and we've see past articles about the concern in the dollar, that's easy to see. so, this is pushing our agenda folks and what perfect timing, a time where stimulus via the HCL is about to come to fruition, a time where investment at all levels, even lending to businesses is taking place more than ever...so, be excited because this issue is escalating and everyone knows the solution, the Dinar. [post 2 of 2]
3-22-2013 Newshound Guru Shredd we know the auctions have been going on for some time and for those who don't get their purpose...liquidity to the people, those who use it. A process which has kept their economy running but now the banks are motivated to hold onto it thus causing a restriction in the availability of the dollar. We've seen a few articles in the recent past that told us that supply is drying up but ...why... a currency vacuum. so, the issue has grown to this level and it's all PERFECT for us. [post 1 of 2....stay tuned]
3-22-2013 Intel Guru OCrush It seems the UNSC has approved the release of Chapter VII with conditions. They have till March 31st (love the timeline) for them to complete the border and compensate the families. Iraq needs to approve the monies that was given by Kuwait to the families...I am praying Iraq will do the right thing (of course they will;) Cheers to all :)
3-22-2013 Newshound/Intel Guru BGG Article: "Urgent...Maliki holds sectarian MPs, officials responsible for recent bombings in Iraq" He’s basically saying he’ll arrest anyone demonstrating against him…Good luck – that will be a lot of people. On the other hand – the opposition is pretty much blaming Maliki for these events.
3-22-2013 Intel Guru Delta the order of things to come; the revalue, Chapter 7, then Maliki and politics, but these don’t matter; it’s only the rate we need to see now. It’s all a ONE WAY street! They are committed; they are not going back…it’s already and has been moving…ONLY Forward! They cannot go back.
3-22-2013 Newshound Guru Adam Montana Now the part that really confuses people is the value of OTHER things such as oil. if a barrel of oil is currently worth 100,000 IQD and the value of the single IQD is raised that will NOT raise the value of the barrel of oil, therefore the numerical price tag on the barrel of oil will be changed...so a barrel of oil will not be sold for 100,000 IQD - it will be sold for 100. [post 2 of 2]
3-22-2013 Newshound Guru Adam Montana [As the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000?] Here's what we expect: if the value of your bank account is 25,000 IQD today, and tomorrow the value of a single IQD goes up - your bank account should not change the number. You will hopefully be blessed with the benefit of a higher value account. Similarly, if you have a debit with a specific number on it, such as 25,000, that will not change - you will still owe 25,000. [post 1 of 2....stay tuned]
3-22-2013 Newshound/Intel Guru Bluedog everything is going great, the only news out of Iraq is that the Budget will be in the Gazette first of the week...just know a lot of things will start the first of April with Iraq so lets hope we see a Rate soon...things will have to be paid retro back to the first of the year...but as far as news they are guarding what they put out right now never seen it this tight on info...article reruns are out from Iraq but not alot of new stuff so hang in there. CBI was closed today and tomorrow...great time to change figure, IMO. [do you think the RV can be announced and occur with the CBI closed?] yes, for sure...some think you have to wait till it updates. IMO, no you don't they can hit the switch anytime. [Are you still looking at the 25th to 28th?] yes hot, IMO...hoping b4 that.
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