8-1-2014 Intel Guru TerryK I'M BEING TOLD AND BY SOME GREAT SOURCES WE ARE IN THE WINDOW. I KNOW WE ARE RIGHT ON TOP OF THIS.
8-1-2014 Newshound Guru Millionday "Safi said he 'remained one week of the constitutional deadline mandated by President candidate biggest bloc to form the next government..." so there is one more week as of yesterday constitutionally to form new gov. my opinion is that they have the right president...if he is not going to use his powers to place who he wants without the go ahead from all parties that speaks highly of his character -- he has the right but wants all to agree...he states that if he is backed into a corner without the pm being placed by all he will not remain in his position – i dont believe he would leave such an honor as it is but --- to say that and demand the work to be done is a huge change from where they were with the past gov...i would not be shocked if they follow the constitutional deadline as we have seen that as a pattern lately.
8-1-2014 Newshound/Intel Guru BGG Article quotes: “…Rudaw has learned that Iraq’s acting Prime Minister Nouri al-Maliki has urged Massoum to nominate him “since he represents the largest coalition in the parliament.” "The president has reportedly declined Maliki’s appeal and said he would not use his presidential powers to nominate anyone “without the clear support of all Iraqi factions…” Maliki is essentially asking Fuad Massoum (POR) to bypass the first (and preferable) constitutional method and go directly to the “appoint me” method…Massoum is basically saying – he would resign before having to do so.
8-1-2014 Intel Guru TNT Tony [via Duke] You should be excited but we can't give you details that would support, specifically what happened last night or the day before it. [Has a contract rate been set for the other currencies?] Those are the only 2 I know about that have contract rates. ...as an individual, when you go to the bank you'll be offered 3 rates: a market rate, a China rate, and an international rate. You just have to be there when they are available. We didn't think we'd be here this weekend. We didn't think we'd be here last night. We know just how close things are to being live.
8-1-2014 Intel Guru DC [via Duke] Bottom line, things are so freakin' close and nobody knows why we're not sitting in the money right now. Iraq is done with their holidays and festivals. Everybody has been voted on but they haven't revealed it. In Iraq a lot of stability has been brought to the situation with ISIS and other nefarious guys. Celebrations are planned for tomorrow and everybody is quite happy with themselves in Iraq. In the USA, the Administration is ready. Banks are cued up on high alert. There's really not much left to do. We're just sitting here. [Several gurus are saying it won't happen until 8/8.] I find it very difficult to understand how it could last that long. Everything looks phenomenally good. I honest-to-God don't know why it hasn't happened but we are right there.
8-1-2014 Newshound Guru Kaperoni "Working Party on the Accession of Iraq - Membership and Terms of Reference - Revision" Ok, I don't know what this document is. But I assure you, Iraq is not ready nor have they received accession into the WTO... they don't have the laws to support global trade nor a convertible currency. Accession will come later. I believe their are like 8 steps to accession. What this WTO post appears to be is graduation to step 8. Which is not accession, but the final faze...which still contains all the conditions set forth before. This basically puts it all on Iraq. The WTO has said, as soon as you do what is required you can have full accession because you have met the previous seven stages. Remember the list is at least...tariffs, laws, currency convertibility, less dependency on oil, etc. So Iraq has work to do, but this is an incentive for them for sure. IMO, Iraq is still a year or two out before they will fully join the WTO.
8-1-2014 Newshound Guru Shredd Quote: "IRAQ is a member of the WTO----Working Party on the Accession of Iraq to the WTO" The title of this post is false. Iraq is not a member yet. This is just a posting of a note on the file. There was a similar note posted back in December of 2009...people saying Iraq is a member of the wto, wrong.
8-1-2014 Newshound Guru tlm724 Quote: "IRAQ is a member of the WTO----Working Party on the Accession of Iraq to the WTO" NOT! There is much fanfare prior to ANY country reaching full membership status in the WTO. It actually takes several months from submission of the final report by the working party. IMO we will know when Iraq is close and it's not today.
8-1-2014 Newshound Guru Aggiedad77 I believe strongly that the events from Iraq could be most interesting to watch unfold for this weekend...maybe a little slow and dry at the beginning...but starting tomorrow...it could be an interesting love/hate story in the works.
8-1-2014 Intel Guru Mnt Goat This is a time of great anticipation and expectation for our exchange. There will be an RV and it will occur very soon. I have always believed that the RV needed a weekend to sync up with the banks and allow down time to push out all the needed files downstream and necessary rates to the monetary exchanges and trading platforms. I do believe whole heartedly there is an extremely high probability this may occur in the coming weekend of 8/8 – 8/10. [post 2 of 2]
8-1-2014 Intel Guru Mnt Goat I was told today that the new Iraq president now has the 2014 budget and has ratified it. It will be announced in the gazette publicly next week, however they plan to open it and begin spending it only once the new government is completed. I have also learned that the Council of Ministers is all hand picked and all they need is a final vote in parliament for the new prime minister to head the council. This final vote should happen anywhere between now and/or on Aug 5th. One other new tidbit this week also occurred...I learned that on Tuesday July 29th Iraq is officially is now a full member to the World Trade Organization (WTO). Can’t be a member of the WTO without an international tradable currency (one that reflects the true asset backed value of the country). [post 1 of 2....stay tuned]
8-1-2014 Intel Guru EXOGEN IRAQ HAS CLOSE TO 6 DAYS LEFT NOW TO ANNOUNCE & NAME THE NEW PRIME MINISTER BASED ON THE AUGUST 8, 2014 (IRAQ CONSTITUTIONAL DEADLINE). WE ARE NOW IN "THE WINDOW OF ALL WINDOWS". THE WTO IS COMPLETED. THE PM HAS BEEN COMPLETED AND ANNOUNCEMENTS ALREADY RECORDED. The new President and House Speaker are following the Constitution.
8-1-2014 Intel/Newshound Guru Poppy3 WOW, MALIKI IS OUT AND NEW CANDIDATES ARE NAMED AND TURKI MAY BE PREPARING TO GO GLOBAL IN THE WTO. THERE IS A LOT HAPPENING AND SEEMS THE RUSH TO FINISH AND START FINANCIAL REFORM IS MOVING AT A URGENT PACE AS WELL. THAT ALL PRETTY EXCITING NEWS.
8-1-2014 Newshound Guru Chattels [i have recently made the acquaintance of someone who is connected to banking in Iraq and speaks Arabic.] they are excited about the prospects of a near term event, but no date or rate... their optimism is somewhat connected to the "progress" in Iraq, but primarily they are connected to a person, so it is anecdotal.
8-1-2014 Newshound Guru Millionday [When is the CBI open again? Saturday or Sunday?] SUNDAY I BELIEVE BUT I READ MONDAY ON ANOTHER REPORT.
8-1-2014 Newshound Guru Mailman17 THE OTHER TIDBIT I HAVENT BEEN ABLE TO CONFIRM YET IS THAT THEIR PAPERWORK IS FINISHED AND AWAITING ASCENSION INTO THE WTO AS OF THE 29TH. BUT THAT REQUIRES A TRADEABLE AND ACCEPTED CURRENCY. ENTER THE BUDGET, AND FULLY FORMED GOVT, THEN ITS TURKIS CALL...SO WE SHALL WAIT. [post 2 of 2]
8-1-2014 Newshound Guru Mailman17 THE SOL IS NOT THE LARGEST BLOCK NO MATTER WHAT PROPAGANDA IS SAID ON TV OR ANY ARTICLE PUT OUT BY MALIKI... THEY MAY BE TRYING TO PERSUADE THE NA TO LET MALIKI FORM, BUT THAT IS AND NEVER WAS AN OPTION. MALIKIS OUSTING HAS BEEN PLANNED FOR QUITE AWHILE. THE 5 NAMES WERE PRESENTED AT A MEETING LAST NIGHT AND FROM THERE, JAFAARI, THE HEAD OF THE NA WILL CHOOSE 1 AND PRESENT IT TO THE POR. GET READY...ITS COMING. [post 1 of 2....stay tuned]
7-30-2014 Newshound Guru Administrator Bob As broadcast on al-Iraqiya TV today,
PM al-Maliki has decided not to seek a third term. This also was published on the television network scrolling banner across the bottom of the TV screen.
7-30-2014 Newshound Guru Millionday "
The head of the National Alliance, Ibrahim al-Jaafari, the leader of the Badr Organization, Hadi al-Amiri, said Mr. Nuri al-Maliki will not become prime minister in the next government."
SO AS WE SEE THEY ARE NOT HAVING MALIKI AS THE NEXT PM AND THAT MEANS THEY ARE CLOSE OR TO THE NAME OF WHOM IT MAY BE -- IMO.
7-30-2014 Newshound Guru Adam Montana Speaking of Kurdistan, there is a pretty big deal going on right now...
they currently have a tanker sitting off the coast of Texas carrying $100 million worth of crude. They declared a major victory when they were to offload it Monday, but a Judge put a temporary delay on this. We are currently waiting for the KRG to make their case...and if they are able to offload this shipment and collect that money, they will have won a MAJOR victory! Again putting more pressure on Baghdad, which is good for us. Kurdistan also has a referendum coming up to vote for Independence. I don't see it happening as of yet, but again...all these things are pushing for action instead of complacency and delays.
Overall... it's looking like we're in for an exciting month of August! [post 2 of 2]
7-30-2014 Newshound Guru Adam Montana Parliament still working on the budget...that's nothing new, but it appears they are making progress.
Maliki has yet to be replaced and is maintaining his role as Prime Minister still. There is nobody likely to get enough support in Baghdad to replace him, so like i've been saying for the last few months...he's probably going to stay. A new name you might want to get familiar with is "Muhammad Fuad Masum", the new Iraqi President. We will still hear Talabani's name as he will still be active in the political party Patriotic Union of Kurdistan (PUK). [post 1of 2....stay tuned]
7-30-2014 Intel Guru Frank26 "
URGENT FROM IRAQIA TV: IRAQI PRES WILL ASK MALIKI TO FORM THE GOV AFTER THE HOLIDAY."
This is a calculated move! IMO...CBI will NOT WASTE A SECOND IF M DOES NOT EITHER. Pressures must have had many other factors.
7-30-2014 Intel Guru Delta URGENT FROM IRAQIA TV:
IRAQI PRES WILL ASK MALIKI TO FORM THE GOV AFTER THE HOLIDAY. MALIKI GOT IT AGAIN AS WE SAID... [
Now please let them get the government sat, and pass the laws needed to RV!!]
NO LAWS ARE NEEDED FOR THE RV...CBI IS READY, AS SOON AS WE GET THE OFFICIAL ANNOUNCEMENT FOR THE PM WE SHOULD BE GOOD TO GO.
7-30-2014 Intel Guru DC [via Adept1] Things are exceptionally good – really a continuation from Monday.
We are waiting on the announcement of the PM for the RV, and everything is in a wonderful spot. It makes sense for these announcements to be wrapped into the end of the religious festival. Bottom line: everybody is extremely excited because they have got to a foundational point for the upcoming turnaround that Iraq will go through. The whole economy will get a huge boost, worldwide.
They are just waiting for the IMF to give the word; we understand they have set the time for that, but we are not going to say it. We’re not going to leak that! We just pray everything stays on track.
I believe we are at a very, very close point for this to be done.
7-30-2014 Intel Guru TNT Tony [via Adept 1]
It is actually done and we are just waiting for the announcement. We’re in place, we are...happy that this nightmare is over for you as well as us, and more happy for you Iraqis because of the enormous changes about to take place in the Middle East. All we can do is watch the clock. I had a call from my cousin who said he wants to sell his dinar, and I just told him “Don’t sell!” Finally, I said, “If it’s still there on Tuesday, then there will be a buyer.” He called me yesterday, and I still told him not to sell.
When he sees what it will come out at, he would regret it for the rest of his life. I couldn’t tell anyone to sell, not with what I’m seeing now. We are so close to getting to it...7-30-2014 Newshound Guru Stryker BREAKING NEWS: "
Iraqi Prime Minister Nouri al-Maliki steps down today because of political pressure!"
That's is what is coming out of Iraq via seven (7) articles so far already in the last hour but earlier today his State Law Party denied he was doing so. What makes me lean to it being fact is that the State Law Coalition stated that they have nominated two candidates for the PM position; al-Jaafari and al-Shahristani This move would be an attempt to diminish the votes away from the New Coalition that makes up the New National Coalition to try to keep their party in power. ...I have just heard that they are getting close in announcing a single candidate and soon!
7-30-2014 Intel Guru SteveI [
What is the next bench mark to watch for!?]
...that would be the budget and the HCL, both of them are a significant key to the financial outcome of changing the value in the near future. All we can do is sit and watch the progress happen like it is. This is so different than what was going on for the past few years, it is now getting exciting.
7-30-2014 Newshound Guru Aggiedad77 Article: "
U.S. judge says Kurdish tanker near Texas out of court's jurisdiction"
...the very same judge who Tuesday morning issued the confiscation order for the Kurd oil sitting in the Gulf of Mexico south of Galveston...has basically rescinded her original order, saying the oil is out of the jurisdiction of her court.
7-30-2014 Newshound Guru Tlar The PM will then submit his new government to parliament and parliament will vote yes or no. Things have been moving very fast up until Eid al Fitr which started our Sunday night, and it will start up again tomorrow. I don't look for any movement on the RV until this government is complete and Maliki is out. The outside day is August 8th. That's when the clock will begin on the RV which should be within days of the government being done (Turki a couple of months ago said this - "The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country." [post 2 of 2] [To learn more about Drop the zeros project, visit the "Start Here" tab at the top of this page]
7-30-2014 Newshound Guru Tlar Ramadan is almost over and we are in a holding pattern until Thursday as the Iraqi's celebrate the great feast, Eid al Fitr. The NA has been determined to be the biggest block and that argument is over. The coalition has announced they will pick their nominee right after Eid al Fitr...this should come down to Mahdi or Chalabi... Once the NA determines who will be the nominee, al Jubouri (POP) will then reconvene parliament and Masum (POR) will then ask the NA to announce their nominee. At that point we have a government. By constitutional law the new PM will be given 30 days to construct a government which means assign Ministers and choose a Council Of Ministers (COM). I believe mostly because of the severity of the problems facing Iraq and the speed of which this process has been moving, he will fast tract that into a couple of days. [post 1 of 2....stay tuned]
7-30-2014 Newshound/Intel Guru BGG Big News - Maliki lost 22 votes from within his own SLC... - they just moved to the Sadr/Hakim side...not to mention Sharistani's bunch.
If this holds true - he's DONE!!7-30-2014 Newshound Guru Millionday THE BEST PART ABOUT THE PM NOMINATION IS THAT THE PRESIDENT OF IRAQ CAN CHOOSE FROM THE LARGEST GROUP PER THE CONSTITUTION SO NOT WORRIED HERE WITH ALL THE MOVEMENTS WE HAVE SEEN.
MALIKI`S PARTY IS NOT THE LARGEST AND HE WILL NOT BE CHOSEN...THAT IS GREAT NEWS TO ME.
7-29-2014 Intel Guru TerryK ITS HERE... NO STOPPING IT... THE PM HAS BEEN ANNOUNCED IN IRAQ JUST NOT IN PUBLIC. WE ARE TO SEE THIS ACCORDING TO SOURCES WITHIN THE NEXT 72 HOURS AND FOCUSED ON THURSDAY NIGHT PROVIDING NOTHING GOES WRONG. ADDITIONAL BONDS HAVE BEEN ISSUED FOR THE TRUSTS THAT WILL ALSO BRING IN THE NEW GOLD STANDARD AND THE RV. WHAT IM BEING TOLD IS A COURIER IS ON ITS WAY TO THE USA TO MAKE THIS HAPPEN. AGAIN REMEMBER WE WENT THRU THIS MONTHS AGO SO TREAT ALL AS RUMOR.
7-29-2014 Newshound Guru Mailman17 THE DISSENSION WITHIN THE RANKS OF THE SOL IS A LONG TIME COMING. THEY HAVE FINALLY REALIZED ITS BETTER TO DISSENT THAN TO BACK A DEAD HORSE (MALIKI) IF THEY INTEND TO HOLD ANY KIND OF POWER POSITION WITHIN THE NEW GOI. MALIKI HAS HELD IRAQ TO A NO WIN SCENARIO AS LONG AS HE WAS IN POWER AND HE USED THAT POWER TO HIS UTMOST ABILITY... THOSE DAYS ARE OVER. THE PEOPLE OF IRAQ WILL GET WHAT THEY HAVE JUSTLY DESERVED FOR THE PAST 40 YEARS...AND WE ALL WILL BE A PART OF IT AND REWARDED ACCORDINGLY. THE MANY RANK AND FILE SOL WILL GIVE THE NA THE LIFT THEY NEED AND THEY TOO WILL BE REWARDED. THE NEW IRAQ IS COMING...
7-29-2014 Newshound Guru Millionday IT IS SO EXCITING...THE MANY THINGS WE HAVE SEEN RECENTLY AND THE CALL FOR THE ENTIRE BANKING REFORM ACTIVATION AND THE LAUNCH OF INDUSTRY ALONG WITH THE REASONING OF THE RETURN OF THE KURD OIL BEING FOR THE SFA -- THE AMNESTY BEING DONE AS WE HAVE STATED AND OF COURSE THE VERY COOL NEWS ON THE HCL -- IS NOTHING SHORT OF EXCITING TO SAY THE LEAST.
7-29-2014 Newshound Guru Stryker Ramadan was officially over yesterday (July 28th) and the celebration known as Eid al-Fitr started last night and will end on Thursday the 31st of July. I am telling you this so everyone knows that the State Law of Coalition (Maliki's Party) has given the National Alliance until the end of the holiday to name their nominee for Prime Minister or they will be named the largest bloc, according to them. QUOTE: "State of Law bloc is the largest number in the event of the failure of the National Alliance to a final agreement after the holiday on a candidate for prime minister" Maliki did sign the National Alliance document declaring them as the largest bloc. QUOTE: "President of the Islamic Supreme Council of Iraq Ammar al-Hakim and Prime Minister Nuri al-Maliki and a number of leaders of the blocks of the National Alliance and was al-Jaafari read the statement, which was agreed upon The announcement was that the National Alliance is the biggest bloc."
7-29-2014 Intel Guru Bluwolf The three key positions that had to be seated are to the fact, once it is published in the Gazette it will be official and the international release shall be a given, all banks worldwide are now expectant of this issue so be prepared. We are already there, I can't furnish anymore details for I was asked not to reveal such information at the present.
7-29-2014 Newshound Guru Mailman17 THE U.S, WORLD BANK AND IMF ARE JOINED AT THE HIP...ALWAYS HAVE BEEN AND ALWAYS WILL. WITH THE EMERGENCE OF A VERY FAST MOVING BRICS...THIS THREESOME IS IN SERIOUS TROUBLE. THEY NEED TO ACT FAST...REAL FAST TO AT LEAST QUELL THIS BRICS MOVEMENT. I HAVE ALWAYS BEEN A 86 CENT MAN...BUT...THEY JUST MAY HAVE TO UP THE ANTE...IF THEY ARE TO SURVIVE THE ONCOMING STORM. THE EU NEEDS THIS DINAR TO BACK THEIR RESERVE VALUE AS WELL AS THE U.S. JUST POSSIBLY 86 CENTS AINT GONNA DO IT...THEY MIGHT HAVE TO GO HIGHER...WE SHALL SEE...EITHER WAY...THEY NEED IT NOW...AS IN YESTERDAY...JMO.
7-29-2014 Intel/Newshound Guru Poppy3 REMEMBER THAT KUWAIT RV'ED IN LESS THAN 4 YEARS AFTER THEIR INVASION AND THE REASON THEY WERE MUCH FASTER THAN IRAQ IS BECAUSE THEY STILL HAD A FUNCTIONING GOI AFTER THE WAR AND IRAQ HAD ZIP THEY HAVE HAD TO START FROM SCRATCH. WE ARE IN AWESOME POSITION AND THIS SHOWS THEY HAVE PLENTY TO RV AT 3 PLUS DOLLARS AND PAY YOU AND I. ANNOUNCEMENT OF PM AND SEATED GOI...FROM THAT POINT FORWARD THE RV CAN BE ANNOUNCED AT ANY MOMENT FORWARD. I EXPECT TO HEAR THE PM ANNOUNCEMENT WITHIN THE NEXT 5 DAYS. MY OPINION ONLY.
7-29-2014 Intel Guru Freeway Bill I am coming to you in what may very well be the last time (we pray) so I have to make it count...The news you are hearing are half truths! The movement you are reading about are half truths! But, do you really think anyone knows enough to lay 100% truth on you? The great thing is that there is enough truth in what you are hearing and reading to be very excited about the progress that has been made in the past few months and KNOW that you are closer to the day you have been waiting on now than ever before IMHO! The RATES don't matter! I promise you it will be enough to curl your hair....(for those that have any). No INTEL here, NO HOPIUM! Just ingredients that based on what I know to be true and mix that with what COULD be true tells me to look toward the heavens and be encouraged...
7-29-2014 Newshound Guru Mailman17 THE NEW PM MOST LIKELY HAS THE NAMES OF HIS CABINET ALREADY PICKED AND JUST NEEDS TO GET THEM IN...THEN THE CBI WILL ACT. AND THAT VERY WELL CAN HAPPEN AS SOON AS HE IS SWORN IN, THE REVAL ALONG WITH INFRASTRUCTURE INCLUDING OIL REVENUE BACK TO THE PEOPLE IS BUILT INTO THE BUDGET. THE NEWLY RATIFIED AND ADJUSTED BUDGET MUST BE IN PLACE FOR THE NEW MINISTERS TO ACT ACCORDINGLY WITHIN THEIR OWN AREA. LOOK FOR THE BUDGET TO BE ACTIVATED AND VOTED IN RIGHT AFTER THE NEW PM AND HIS MINISTERS. AND THAT COULD ONLY BE A FEW DAYS BECAUSE MALIKI WILL BE A FORGONE CONCLUSION. JMO [post 2 of 2]
7-29-2014 Newshound Guru Mailman17 AS MUCH AS I BELIEVE THE CBI IS INDEED READY TO RELEASE THE RATE, THEY HAVE ALWAYS HAD THE MENTALITY EVEN GOING BACK TO SHABS, THAT THEY WILL RELEASE IT WHEN A FULLY FUNCTIONING GOVT IS FORMED. I BELIEVE THAT WILL INCLUDE THE NEW MINISTERS AS WELL. WITH THAT SAID, I ALSO BELIEVE THE NEW PM HAS BEEN HAND PICKED AND JUST WAITING FOR THE POP AND POR TO NEUTER MALIKI. [post 1 of 2....stay tuned]
7-29-2014 Newshound Guru Millionday [will the cards require a rate to go global?] THEY WILL HAVE TO HAVE AN EXCHANGE RATE IN ORDER TO HAVE A VALUE IN PLACE FOR EXCHANGE WITHIN THE GLOBAL SYSTEM IN PLACE FOR MASTER CARD AS WELL. (post 2 of 2)
7-29-2014 Newshound Guru Millionday I HAVE NEVER TOLD YOU ANYTHING THAT SHOWS A TIMELINE OF ANY KIND FOR ANY REASON...HERE WE GO AND IT IS IN INK...Quote: "This card is used for transferring salaries from companies to the card’s account and it can be used in cash withdrawal through all Warka bank ATMs in." THAT IS THE NEW PAYMENT CARD SERVICE THAT WILL BE AT THE BANKS. SO LET ME SUMMARIZE THE REPORT: AFTER THE FEAST --- ALL PAYROLLS AND PAYMENTS WILL BE MADE THEN. THE FEAST WAS TO BE ANNOUNCED TO HAVE BEGUN TODAY [MONDAY]. [when does it finish?] THREE DAYS. [post 1 of 2....stay tuned]
7-29-2014 Newshound Guru Tlar I have stated that I thought this would be over by the end of July and have continued to think that up until very recently. The decisive factor IMO is the government being put together and it becomes really obvious that Maliki is not a part of and the coalition won. It continues to amaze me that the SOL has not broke with Maliki choosing to destroy their own party. Anyway if you will allow me I would like to change my prediction to within days of the parliament nominating a prime minister which means it could take another week...once we see a nominee announced in parliament, my guess is that starts the clock.
7-29-2014 Newshound Guru Chattels ...my sense is that the judiciary has spoken and the same decision that put Maliki in office in 2010 may put him out in 2014, a great irony.
7-28-2014 Newshound Guru Tlar The point I am making is what's changed from 2008 when it was determined back then the currency was worth 88 cents per dinar and the plan was to RV the currency per Shabibi according to the strategic study? I will tell you. Assets, and more assets, and some additional assets. Added altogether and if it were ever to be published on their...website, it is: 100 billion in foreign currency reserves, 120 tons of gold 82 billion released early last Oct-Nov which I think because Maliki had stated he was going to get the money, Turki deposited in BIS, and the additional 180 billion the US just stated was being released in the US of property, financial instruments, bank accounts and DFI funds. Somebody please tell me again how is it that a country that is this wealthy cannot RV their currency? Remember their neighbor next store Kuwait, has less the 40 billion in their reserves and only produces 1.5 mbpd (the same as Iraq back in 2008) and has a currency worth $3.48 USD per dinar? [post 2 of 2]
7-28-2014 Newshound Guru Tlar I hate to keep quoting the 2008 strategic study commissioned by the CBI but it concluded that far back that Iraq with its resources in 2008 could support 1.13 dinars to 1 USD. The reserves were sitting at around 30 billion at the time (not the 100 billion they are today), and they were producing 1.5 mbpd (not the 4 mbpd they are today). No gold had been discovered as of yet and the CBI did not own any gold then (certainly not the 120 tons as it does today. Their was no relationship with BIS with deposits in the billions being made into BIS, and they did not have the other assets reported to be 180 billion which includes the DFI had not been released and earmarked for the CBI due to the fact THEY HAVE BEEN RELEASED FROM CHAPTER VII. [post 1 of 2....stay tuned]
7-28-201 Intel Guru TerryK ALL I’M GOING TO SAY IS ARE YOU READY...REALLY ARE YOU READY...READY FOR THE RV. GET YOUR BAGS PACKED. GET YOUR SHOES ON. ITS A COMING MY SOURCES ARE GOING NUTS. THEY ARE ALL SAYING THE BLESSING IS UPON US.
7-28-2014 Newshound Guru Millionday IT WOULD MAKE NO SENSE TO HAVE GLOBAL BANKING WITH MASTERCARD WITH NO REALITY RATE IN PLACE BECAUSE IT WOULD NOT BE COMPETITIVE OR MAKE IT IN THE MARKET FOR IRAQ --- THEY HAVE BROUGHT IN MASTERCARD AND AFTER THE FEAST THEY WILL BE USING THE PAYMENT CARDS FOR CITIZENS.
7-28-2014 Newshound Guru Tlar It is amazing to what lengths these guys will try to go to. Their new battle plan is to say now that the document they signed along with Maliki saying the NA is the largest block, is a forged document. I think the document they all signed stating the NA is the largest block was most likely signed a while back at least a month ago. At the time it probably meant nothing to the SOL or Maliki because they figured that having 95 MP'S they controlled the NA anyway so there was no reason not to sign it...They never dreamed that this document took total control out of their hands and would be used against them and essentially turned the tide. This document has turned out to be the crux of their downfall. Now that's what I call crossing the T's and dotting the I's and great foresight. Last night was their 28th and Wednesday our day is the day after their 3rd night? EID will be over this Wednesday and they can get back to work?
7-28-2014 Newshound/Intel Guru BGG Article quote: "...A source from the National Alliance, the four-way meeting was held yesterday evening between the head of the National Alliance, Ibrahim al-Jaafari and Parliament Speaker Salim al and Fuad Masum, President of the Republic and the President of the Federal Court Medhat al-Mahmoud to discuss the biggest bloc in parliament..." This article is saying al-Jubouri, Massoum, Medhat al-Mahmound and al-Jaafari met and decided the NA would be the ones to form the next GOI – not the SLC singularly. It goes on to say (translated) Massoum will call the NA to proceed later this week (essentially – based on the Eid al-Fitr timeline). HUGE NEWS turn out the lights Maliki - the party is OVER!!
7-28-2014 Intel Guru TNT Tony [via Adept1] There is a date, a time and a final plan. Everyone has agreed. We’re there. That doesn’t mean it’s in the next 15 minutes, but we’re there. In Iraq, they have met with the incoming and outgoing PM, they have a PM ready to be announced. Hopefully it will be a great day and a great, great week...know that something could happen this week to change the rest of your life.
7-28-2014 Intel Guru DC [via Adept1] Everything looks really, really good and I pray this is the final thing. In Iraq, they are very busy with last-minute agreements. My take is they’ve had the PM now for many weeks.The security situation is going well, too. The CBI is ready...Banks are ready...The UN Security Council is happy with the ministers, and the progress being made. We can see the end in sight and it looks like we’re going to nail it. It looks really good.
7-28-2014 Intel/Newshound Guru Poppy3 BEING TOLD THEY WILL HAVE A EMERGENCY CALLED MEETING THIS WEEK. NOT CONFIRMED BUT A RUMOR FROM IRAQ. [in your opinion do you think Maliki will be gone by the end of the week?] ALL DEPENDS ON WHEN JABORI DECIDES TO ANNOUNCE THE NEW PM. I EXPECT THIS TO NOW HAPPEN AT ANYTIME.
7-28-2014 Newshound Guru wmawhite two to three weeks ago I thought Maliki still had a chance to survive this. However, with al-Sistani speaking up and calling for a change, many within the SoL now have jumped ship using al-Sistani as cover. I believe Maliki is history.
7-28-2014 Intel Guru TerryK THE OIL TANKER FROM IRAQ...THE QUESTION IS WHO ORDERED IT AND HOW MUCH ARE THEY PAYING FOR IT. IF ITS TO THE US PART OF PAYMENT THEN I SAY WE ARE THERE. IF IT IS FOR PRODUCTION TO A PRIVATE GROUP I SAY WE ARE DAMN CLOSE. REMEMBER IRAQ OWES US SO MANY BILLION BARRELS RIGHT...PART OF THE AGREEMENTS.
7-28-2014 Newshound Guru Tlar Baghdad newspaper of integrity: Quote: "Ibrahim Al-Jaafari said in a press statement that "the National Alliance is the largest parliamentary bloc, and not the State of law Coalition," I am posting this because of the importance...it is the crowning document being as al-Jaafrari is not just the head of the National Alliance but he is also part of the SOL (State of Law). The three blocks within the SOL, Jaafari's block, Badr block and the DAWA have all announced they no longer share the same position as the leadership of the SOL. They have by all definition defected as the SOL leadership continues to stand behind Maliki. The task now is to get everybody in the coalition to decide on one nominee. They have honed it down to three, two of which is Chalabi and Mahdi. I think we should have a uniform vote by Wednesday at the latest and it is possible that Jubouri will call them back into session before Friday of next week.
7-28-2014 Newshound Guru Kaperoni In fact, reading the "transition to a market economy" documents...state the central bank must move to the new Exchange Regime prior to opening the Capital Account. Which is great news for us because it gives us a timeline. Also, it make no sense for the CBI to RV prior to moving to a new regime as they would be forgoing profits (which is what the CBI wants) as the dinar rises. No international banks or central banks are going to just take "a leap of faith" on some RV of the dinar at say 1 to $1 rate. This is a much more complicated matter than just some simple RV... As Saleh stated...they want the dinar to be a "hard" currency (which means it must float) and be traded around the world and held in central banks for a very long time. The only way that happens is if the dinar appreciates gradually so the bankers can profit. [post 2 of 2]
7-28-2014 Newshound Guru Kaperoni currencies don't revalue when they change Exchange Regimes, they simply move from one to another. So the current rate is 1166 which means when they enter Article VIII and a new regime it will be at 1166. That being said, it won't stay there long. Every expert that I have ever seen has stated it is under valued which means that it will rise. And if Iraq lines up the economic activities as we stated, it should be like turning on a kitchen facet because once the CBI opens the Capital Account, investment will flow into Iraq and put people to work, new constructions, businesses, etc. Which will cause inflations with a fixed currency...so the dinar must rise as a result of transition to a market economy. [post 1 of 2....stay tuned]
7-28-2014 Newshound Guru Chattels "...a tanker loaded with crude oil from Iraqi Kurdistan currently anchored near the port of Galveston, Texas, and will be subject to a procedural inspection by the U.S. Coast Guard on Sunday before being allowed to unload its cargo." If the ship docks in a US port it would mark not only the first arrival of Kurdish crude oil to the United States but an important victory for the Kurdistan Regional Government (KRG), which has faced challenges in finding buyers for its disputed crude oil. THE OFF LOADING OF THE OIL TANKER IN GALVESTON MAY BESPEAK AN AGREEMENT ON THE EXPORT OF OIL OUT OF KURDISTAN, WHICH WOULD BE VERY SIGNIFICANT I THINK.
If parliament can agree…
Speaker discusses with Egyptian ambassador the importance of Iraq to be within Arab community
Kuwait contracts with De La Rue to produce polymer currency
Central Bank: the deletion of zeros is linked to the stability of the political and economic situation
Kurdish Oil Shipment Seized