Backdoc Sunday Evening Post - "The Note Count" - 12/14/2014

[ronscarpa]

Backdoc Sunday Evening Post - "The Note Count" - 12/14/2014

 

THE NOTE COUNT - IMO

WE KNOW THE NOTE COUNT HAS BEEN DROPPED TO AN ACCEPTABLE LEVEL FOR CURRENCY LAUNCH.

RECENT ARTICLES TALKING ABOUT BANKRUPTCY ARE JUST THAT, TALK!  HOW COULD A COUNTRY GO FROM BEING ABLE TO BACK A CURRENCY WITHOUT A CEILING TO BANKRUPTCY? MMMMM

NOW THAT THE ENTERTAINMENT FOR THE DAY IS OVER, LET’S TALK SHOP!

I’M SURE SOME WEAK HOLDERS THAT ARE PRONE TO EMOTION FORGOT TO DO A HARD DRIVE REBOOT ON THIS INVESTMENT ON SEPT. 8TH AT 8:00, IRAQ'S NEW BEGINNING!!

I GUESS SOME FOLKS DIDN’T GET THE MESSAGE THAT THE NUMBER 8 MEANS NEW BEGINNING BIBLICALLY AND MEANS SUCCESS IN CHINESE CULTURE! MMMM

 

SINCE THAT DAY AN OWL WOULD’VE HAD TROUBLE TURNING ITS HEAD AROUND FAST ENOUGH TO SEE TEAM ABADI AT WORK!

SIMPLY, REMARKABLE!

WE NOW AWAIT THE FINALITY OF THIS NEW BEGINNING COME TO REALITY IN A RATE! WITHOUT IT, THE KURDS WILL NOT BE SATISFIED IN THE AGREEMENT THEY MADE WITH THE GOI!

SINCE THE BUDGET AND HCL ARE TIED TOGETHER A RATE MUST BE GIVEN TO COMPLETE THE AGREEMENTS! 

DO YOU THINK OZ WOULD SET THIS UP TO FAIL?  I THINK NOT!  SALEAH EVEN REFERRED TO THE ACCOUNTING AS NEEDING TO BE CHANGED. 

NOW, BACK TO THE NOTE COUNT IF I MAY.  WE ALL HAVE DISCUSSED THE THE MECHANISM IN WHICH IRAQ WILL LAUNCH ITS’ CURRENCY. 

REGARDLESS OF THE MECHANISM USED TO BRING BIRTH TO THIS BABY, A COUPLE THINGS NEED TO REMAIN A CONSTANT!  THIS IS JUST COMMON SENSE! 
WHATEVER RATE IS LAUNCHED CAN’T INCREASE THE NOTE COUNT DRAMATICALLY OR THEY WILL DESTROY ALL THE WORK THEY HAVE DONE IN THE PAST 6 YEARS ON REDUCING THE NOTE COUNT!

AN INCREASE TO THE NOTE COUNT WOULD DAMAGE THE CURRENCY’S VALUE!
 
THEREFORE A HIGHER RATE IN THE CURRENT CIRCUMSTANCES WOULD DO LESS DAMAGE TO THE CURRENCY!

MANY OF THE CURRENCY SWAPS WITH OTHER COUNTRIES WILL BE HELD BY THEM AS RESERVE CURRENCIES TO BOOST THEIR OWN CURRENCY’S VALUE!

WHEN THEY DECIDE TO EXCHANGE BACK  WITH IRAQ, THEY MAY EVEN TRADE IT IN FOR OIL INSTEAD WHICH WILL ONLY HELP THE VALUE OF A DINAR!

WHAT EVER MECHANISM OR RATE THAT LAUNCHES, I ASSURE YOU IT WON’T BE ALLOWED TO DESTROY THE CURRENCY’S VALUE!  KEEP THAT IN MIND!

WITH OIL IN FREE FALL IT WILL BE THE BANKS WHO WILL SHOP THE DEALS FOR THE NEW BUSINESS PROJECTS IN IRAQ. 

THE BANKS WILL STRUCTURE THE DEALS SO THAT THE COMPANIES THAT COME IN WILL HAVE TO BORROW THE MONEY FROM THEM FOR THE PROJECTS! 

BUSINESS WILL EXPLODE IMMEDIATELY DUE TO INCREASED LENDING AND MONEY VELOCITY! MMMM 

MY GUESS IS THE LAST BANKING CONFERENCE ALREADY HAS THIS IN PLAY.
THESE CONTRACTS I’M SURE WILL BE A BIG PART OF SECURING THE VALUE OF THEIR CURRENCY AS WELL AS DIVERSIFYING THEIR ECONOMY.

 

THE IMF WILL ACKNOWLEDGE THESE SECURED CONTRACTS AS AN ASSET TO THE BANKS DOING BUSINESS AS WELL AS support FOR THE VALUE OF THE IRAQI DINAR!

THE REASON THE BANKS HAD TO HAVE A MINIMAL LENDING AMOUNTS WAS FOR THIS VERY PURPOSE OF LENDING MONEY FOR THESE NEW PROJECTS! "HOLY CONTRACTS BACKMAN”  SORRY I STARTED TO BE EMOTIONAL! SLAP! I’M OK NOW!

THIS IS THE LAND OF OZ AND THEY WON’T TELL US ABOUT THE CONTRACT DETAILS UNTIL A RATE IS INTERNATIONAL. 

THERE WILL BE MORE MEGA OIL DEALS COMING AS WELL.  THEY WILL STEAL MARKET SHARE WHILE THE BRICS JUST CAN’T COMPETE ON THE EXTRACTION COSTS!

WHAT BETTER TIME TO LAUNCH A CURRENCY WITH SIGNIFICANT VALUE WHEN CASH FLOW IS LOW AND MORE PURCHASING POWER IS NEEDED? 

IF A RATE OF A BUCK EXISTS, THEY MAY HAVE TO BORROW A LOT UNTIL THEIR ECONOMY GETS RAMPED UP!!  THEREFORE IT SEEMS RATIONAL THEY WILL GET LONELY QUICKER THAN FOLKS THINK!

I CERTAINLY DON’T EXPECT UNDER A DOLLAR FOR STARTERS SINCE IT WILL DESTROY THE WORK ON THE NOTE COUNT!

DOC
IMO

[SnowGlobe7]

[wbuse984]

Sandly for the post

[Mrs. Silence Dogood]

Very rational and thought out.  I like it.

[skeetdog]

Thanks Ron....''Word''....

[sandfly]

THANKS

[Laid Back]

I believe we will see a rate a little over a dollar

$1.13 : 1

It will help to Dedolarize the country

It will increase the purchasing power

It will help the country and his people

I see BIG changes in January 2015

Go dinar

Go Strong

[RodandStaff]

There is all kinds of speculation where this thing will go...and I would guess very few are privy to the when and for how much...but call it a combination of my gut feelings and the information I have pieced together over the few yrs. I have been in...and I don't think...IMO... that it couldn't come out less than a buck...and I believe it will go up from there..but if it did I'm thinkin' it wouldn't stay low for long...just long enough to satisfy those folks who have sworn to cash it all out even if it only comes out at a nickel...just as soon as they see any movement!!! I have long held with the idea that Iraq will not rest until they can return to the glory days of old...and those days long before Sodaminsane had any effect on their currencies value! So where will it start? And where will it end? I have a feeling we are about to see "right quick"!!!

Sandfly for the post Ron!!!

Edited December 16, 2014 by RodandStaff

[Nadita]

There is all kinds of speculation where this thing will go...and I would guess very few are privy to the when and for how much...but call it a combination of my gut feelings and the information I have pieced together over the few yrs. I have been in...and I don't think...IMO... that it couldn't come out less than a buck...and I believe it will go up from there..but if it did I'm thinkin' it wouldn't stay low for long...just long enough to satisfy those folks who have sworn to cash it all out even if it only comes out at a nickel...just as soon as they see any movement!!! I have long held with the idea that Iraq will not rest until they can return to the glory days of old...and those days long before Sodaminsane had any effect on their currencies value! So where will it start? And where will it end? I have a feeling we are about to see "right quick"!!!

 

Rod

 

I agree with you the writing is on the wall

[buckweetisnotdead]

Rod thanks for not using the S word... Thanks for posting Ron....