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Tlar - Our Backstop Is Still In Play But We Now Have A Backstop For The Backstop !


DinarThug
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CNN. Broadcasting With Tlar From The Department Of Redundancy Department !

 

 

 

Tlar:   Hang in everyone.  They still officially have not put out the whole budget.  

Until they do, we must assume the ball is rolling and in motion one way or another because they will not stop here.  In other words our backstop is still in play but we now have a backstop for the backstop.  

March 1st is the taxes and tariffs.   I am going to speculate for just a minute here.  

To my knowledge they have not put out the spending side of the budget as of late yesterday.  
~~~
 
I find that strange.  Is it either because they just didn't have enough time to publish the spending side of the budget or was it a calculated move?

I think this is a very calculated move even if I don't understand the reasons why.  The thing I feel comfortable with and keep coming back to, is the CBI does not have the tools for the budget at 1166 and that an RV is the only option left for them.  They are boxed in so to speak.

 They only printed 5 trillion and have been using those to replace the notes that are in circulation since January of 2014.  How many can they have left?

If they don't RV they will have three choices only IMO with which to fund this budget.  

Re-release the counterfeitable notes they have been collecting exposing them to ongoing Iranian state sponsored counterfeiting once again. 

or


Second, quickly order and print more of the un-counterfeitable notes, but I would think they would have already done this knowing they would have to fund a budget.  

There have been no articles suggesting that they have printed any more un-counterfeitable notes or are planning to.  

or
Third.  They fund their budget with USD which would mean restart the auctions continuing as they have done in the past.   This counters every article recently stating that they want to use dinar within their country and make the dinar a hard currency. 

 Not to mention how are they going to freely swap currencies at 1166 as articles have told us from the CBI.

Logically speaking from what we think we know at this time, they don't have enough dinars on hand to open their budget without using the LD's. 

 Quite honestly, my personal opinion is that I think there is some glitch in the roll out and we will never know what that glitch is.   It has set the start date back a few days.  

I will not begin to worry or get nervous unless they publish the spending side of the budget and it is at 1166, and then they disperse the funds at 1166.  

Until then I am comfortable with what's going on and the feeling THIS IS IT AND MARCH 1ST IS NOW THE LAST BACKSTOP.   tlar.
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My vote is for Door Number 4 - They release the funds to the ministries in lower denomination dinars. The day the funds leave to go to the ministries the RV occurs. 
 

What amount?  It has to be big enough that people will want to use dinars instead of dollars.  A penny, dime or quarter won't cut it.  It also has to be something easy for them to immediately figure out what the dinar is worth so an odd amount won't do it either - ex: .86.  IMO the amount will be either $1, $1.50 or $2.00.  Something easy to figure out and it still leaves them room to float up as their economy grows. 

 

When?  My guess is any day now that the HCL kerfluffle has been dealt with.  Doing it today, tomorrow or Thursday leaves them time to educate the people about the new value while the money is going out to them which Shabibi said would happen. 

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CNN. Broadcasting With Tlar From The Department Of Redundancy Department !

 

 

 

Tlar:   Hang in everyone.  They still officially have not put out the whole budget.  

Until they do, ....  

 
I am going to speculate for just a minute here. 

 

So now he's going to speculate?  :confused2:

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EagleEye:  My question is do we have ANY "intel" NOW that suggests an "education" process about to begin ???

 

My secret decoder ring broke years ago.  I don't have any intel.  I just have common sense ...sometimes.  :)

 

Here is what we know:  the budget has been published so at some point very soon they will distribute the money to the ministries to distribute for salaries, etc.  They said last week in the news that would be done early this week.  This will get a lot of money back out into the economy.

 

They can deliver this money in trillions of dinars which would put all the trillions back into the economy that the CBI just spent the last 10 years draining from the economy or they can deliver it in billions via the lower denominations which would mean the value of the dinars would have to change or they could deliver it in US funds which I personally don't think they will do.

 

As soon as the money changes value they need to let people know.  Shabibi said years ago that there would be an education campaign to inform people before whatever happens, happens.  I want to say he said it while he was in Washington but I can't remember but it was him not some guru.  To me, this just means putting it on TV, in the newspaper and trying to get the word out to everyone in Iraq that the money has changed.  The dinar was worth less than a penny.  Now it's worth X.  Yeah, Iraq!

 

It makes sense to let the people know about the change before most of them actually get dinars in their possession which will take a week or so to go from the ministries to actual distribution.  Those that have dinars can cash them in at a bank and if they wish deposit the money there.

 

What does Iraq want?  They want people to use the dinars instead of dollars.  They want to encourage people to use the banks.  They want to move Iraq to an electronic society.   And they want to do this in as easy and less disruptive way as possible. 

 

IMO, making the change as the money goes out fits the bill to help them accomplish this.  To me, it's all about the money that is being distributed - if it's trillions it will be years before we see any money from our investment, I think it will be billions because doing that will help accomplish everything they want.

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I think the RV will be timed to occur at close of business on a Thursday...then information will be distributed...no way they telegraph the RV beforehand...so it will just happen, even if they have to educate the people on the fly...besides, most will understand what happened within 5 seconds of it occurring and have not problem adjusting...jmo tho...otherwise an interesting take Trimark...

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I think the RV will be timed to occur at close of business on a Thursday...then information will be distributed...no way they telegraph the RV beforehand...so it will just happen, even if they have to educate the people on the fly...besides, most will understand what happened within 5 seconds of it occurring and have not problem adjusting...jmo tho...otherwise an interesting take Trimark...

 

I could fit an RV on Thursday into my schedule.  :twothumbs:

 

I agree there is no way they are going to let anyone know beforehand.  That's why I think they need to RV right before the money gets distributed to the ministries. If the money is all small bills then the cat will be out of the bag and it could give someone an advantage.   After it's announced officially then they will have about a week to make sure everyone knows about it.

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Thanks for the insight, Trimark!


I think the RV will be timed to occur at close of business on a Thursday...then information will be distributed...no way they telegraph the RV beforehand...so it will just happen, even if they have to educate the people on the fly...besides, most will understand what happened within 5 seconds of it occurring and have not problem adjusting...jmo tho...otherwise an interesting take Trimark...

 

 

I like the way that you think, wbuse!

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