A^ROK

Iraq hired banks for its first international bond issue in almost a decade, seeking $6 billion to help plug a widening fiscal deficit. The government appointed Citigroup Inc., Deutsche Bank AG and JPMorgan Chase & Co., said Muneer Mohammed Omran, director general of the central bank’s investor department in Baghdad. The bond program will be in tranches, with the first sale coming this year, he said by phone Tuesday. Spokesmen for the banks declined to comment. Iraq, holder of the world’s fifth-largest oil reserves, is looking to bolster its finances amid civil conflict and the global slump in oil prices. Fitch Ratings expects the fiscal deficit to top 10 percent for 2015 because of lower crude prices, higher military spending and costs associated with civil unrest. It ranked Iraq five levels below investment grade this month in its first ratings for the country. “Iraq is going through some difficulties at the moment because of its conflict with ISIS, but oil production is at a record high,” Anthony Simond, a London-based investment analyst who helps manage $13 billion of emerging-market debt at Aberdeen Asset Management Plc, said by e-mail. “Things could look a lot different if we see a rebound in oil prices.” Investor Meetings The country plans to meet with international investors as soon as next month, said two people familiar with the program, asking not to be identified because the talks are private. Iraq’s bonds have fallen 4.5 percent in the past three months, more than double the loss on JPMorgan Chase & Co.’s EMBI Global Diversified Index. The yield on its notes due January 2028 rose 66 basis points this year to 8.55 percent today. Iraq has struggled to emerge from violence after the U.S.- led occupation, with the army trying to recapture large areas of the country from Islamic State in a campaign backed by the U.S. Increased oil production has coincided with a market slump. The International Monetary Fund approved $1.24 billion of emergency financing in July. Government debt may equal 51 percent of Iraq’s gross domestic product by the end of 2015, with the ratio forecast to increase next year, Fitch said. Savings built up over years of high oil prices have largely been eroded, the ratings firm said. Iraq’s crude production climbed to an all-time high of nearly 4.2 million barrels a day in July, according to the International Energy Agency, with record exports from southern terminals mostly unscathed by Islamic State militants. http://www.businessinsider.com/iraq-issuing-6-billion-in-debt-2015-8 http://www.bloomberg.com/news/articles/2015-08-18/iraq-hires-banks-including-citigroup-for-6-billion-sale

IMHO, It seems to me that this price war is more about weakening Russia's economy than anything else. Yes US shale production/drilling will slow and some businesses that can't absorb the hit will be bought out by larger competitors and we will see mergers and acquisitions primarily, but make no mistake, the oil boom hasn't even started. The USD is at 5 year highs and we will continue to see it climb into next year putting even more pressure on oil, commodities, and other currencies in general. The only thing that might save gold is a war with Russia or more geo-political tension with them. Moving into next year I feel we see these trends continue to strengthen, those who seem to benefit the most from this is the countries that import and do not produce oil, China and most of SE Asia. However this down fall won't last through next year. My speculation is; right about the time we see the USD peaking out from economic data supported by lower energy prices and oil bottoming out (this oil slick still has room to slide another 20%) Spring 2015. We are eventually going to see a turn of events, possibly OPEC making statements at their next meeting, possibly rumors of war. 2015 will be a mixed bag. I do believe through all this commotion we could very well have a RV on our hands at the simultaneous time oil is at its lowest point ( <$30?) and the dollar index peaking ( >92?). This would make the most sense for anyone looking to exchange their $$$ for IQD...When (not If) IQD is pegged to oil and oil is at $30 and at that time we see a RV of 1=1 and oil continues its climb back to $90..we would have a $1 RV with a float to $3...but pick a number it could be $40 oil, it could be $10 dollar oil when that happens. One thing is for sure, it will be low, and lower than it is now. It seems most banks are going down from all the investment bonds written on oil exploration and ventures. Again less competition for the big boys, this is beginning to seem more like a cleaning house venture by the elite than anything else. I think the term everyone is familiar with is "reset". The above information is personal opinion based on my activity in global markets and in no way is to be taken as investment advice.

All I have to say is when it does happen, whether tomorrow or 2 years from now. Jaws are going to drop to the floor across the Dinar Community. Mine will not be one of them. LOL. Most won't know what to do at that point, I think shock will have them in a stupor, ha. (Love this>> My point is that so many have waited so long, and been let down so many times in their hope, that at this point. They have become psychologically conditioned in their response to any good news that comes about at all. As if they have told themselves no matter what they read, not to believe it or have any hope in it. Which is completely understandable. The problem is they have wired themselves to expect nothing as a result of good-news because all they are looking at is the "reality" of the negative (smoke?). That's ok though, everyone has a choice to what realm of consciousness they choose to exist, its all perception anyways. The fact of the matter is; we don't know. This has never been done before. The whole world is a experiment. Globally, economics has never been this close knit together and countries dependent on one another for commerce and sustainability. Everything we witness in the news from Geo-politics to Global-economics is a stage. Everyone buys into it. Why? Because its easy. They want to be told a story. It is whatever "they" say it is. It happens how "they" want it to happen. Things don't necessarily have to make sense. They just need to look reasonable, believable. Sometimes I can't tell if I am in a movie or this is real life the way stuff comes across our news stations. So surreal, isn't it? Why would Iraq be any different. The CIA exists for a reason... and sometimes.. the truth is stranger than reality. Cheers

TICK ..TOCK

Millionaire in training, I do have to agree, the (PTB) do have an agenda or a plan if you will to a much greater extent than most would probably consider to realize. However, this "plan" does not always go as planned. So I am sure there has to be some improvising here and there dependent on the cooperation of their victims that they wish to manipulate to help get their agenda completed. Its seems as of the last several years that things were held off/pushed off. Does this mean the global central banks supposedly holding IQD were not intended to receive the value that they needed yet, awaiting a GCR? Or does it have to do more with the demand for the USD and how BRICS nations have now stepped to the plate with their own Development Bank (NDB). Either way, things are taking place and we are witnessing some major movement on all financial fronts. I personally believe that we will more likely see a RV simultaneously with a relatively strong (not any more or less valued than currently) valued dollar as opposed to the popular view that all global currencies are going to be simultaneously changed overnight (not saying that can't happen). The reason being that it would be to the advantage of Iraq to have a stronger dollar vs. depreciated dollar (currency swaps, import/exports, etc..), hence the 1 to 1 scenario, a little more subtle than a GCR, which we may see later after a actual RV.. When we do finally witness a initial jump in value, at which point there will be in no rush to "cash out" the IQD, possibly leverage against, but not cash out, not yet. Maybe not ever, maybe just exchange notes if necessary, invest properly and pay the negotiated interest with the bank. Never actually letting go of this currency, it has its benefits (reduced liability and reporting, disclosure agreements?), especially with a country that is carrying so much potential. Currently I see the dollar having still yet a considerable amount of time, probably no more than 2-3 years including the rest of this year before the lack of demand starts to be realized in its value. So we wait and see. Time certainly tells all.

With all the hype out these days, (when haven't we seen hype) about the current political situation and Parliaments session successfully fulfilling their constitutional obligations of a new PM an such. Has anyone considered the fact that; we may see nothing at that point? Especially if budget and HCL is not resolved and even if they did resolve those outstanding issues as well? That we may see no movement in the IQD yet still? If we come to that point, I believe the issuing of bonds would be the next hope-full event that could spur a RV (2015?). However, as much of a realist that I am. I still believe things can happen at any-time. Any movement would be great at this point and time. My point is that even though I personally believe we are within a few short months to-...dare I say it..years away from possibly one of the greatest windfalls of all time. That we have a couple of events that could end up bringing in the desired "change" we are all looking for. I will be completely honest that over the past years of being vested in IQD, I have never seen the type of "enthusiasm" and co-operation from parliament that I have seen in the last couple months. Which leads me to believe in the possibility of a imminent RV/RI. Does anyone have the latest article concerning the issuing of bonds, and the latest article concerning the HCL as well as the article concerning the budget that have all come out as of late from what I can remember?