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  1. Mnt Goat Monday Morning Update - “Baghdad is Stalling-Why?” - 2/16/2015 (Thank you George for emailing this to Recaps.) UU1088 – “Baghdad is Stalling - Why?” by Mnt Goat Hello Everyone, Boy oh Boy ! What a weird last couple days this has been. If I was not following closely these recent events I too would be very frustrated. But I took the time to read the articles, make a few calls and piece together the story as to where we currently are on this Iraq dinar revaluation saga. Like with everything Iraq does nothing is simple and seldom on time. Hope you at least take the time to read it all since it took a lot of time away from my family this past week and weekend to gather and analyze the information for you. This is a continuation of the ongoing saga of the revaluation of the Iraqi dinar. Please read past news letter dated 2/12 and 2/13 to better understand this news today. Today’s News Today is Monday the 16th and still no RV. We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. So what is the current status? Are we going to see these economic reforms completed any time soon? Are they going to stall it much longer? Okay so here are the facts so far from what we now know and so we do not have to guess since they are reported “officially” from the finance committee of Iraq and not from some intel “guru’s” contacts or sources….lol. FACT: we know the budget passed parliament on 01/29 and Iraq president Masoum then had up to 15 days to ratify it. FACT: budget too only 12 days to be ratified on 02/10. FACT: we know they have now reached the outer most constitutional deadline (which was Sunday 02/15) to post the ratified budget in the gazette (law library) which is the final step in the process. FACT: once it is announced that it is posted it will be implemented. FACT: once implemented it must be funded somehow in 24 hours. FACT: once implemented they must also have all the laws supporting the budget implemented since how can you fund a project or a program in the budget if it is not yet legal? Some are saying it is already posted in the Gazette. Really? Then why can’t I see it? But even if it is actually posted what significance does this have if Iraq then is still holding the announcement back from us? Are these intel “guru’s” then just telling us this because they want to stir up some more hype and get everyone excited and to prove to us they have leading information on the cutting edge? Are you getting tired of this yet? I have to laugh since if it is not yet formally announced and viewable to the public it really means nothing and I mean absolutely NOTHING to me. If anything else it only confuses us since it muddies the water on the timeline and we have to ask ourselves as to why Iraq would hold this back from the public. So in looking at the facts of what had to occur so far, and the timeline of what has occurred so far (that Iraq has announced already), we can see that once the budget was passed, parliament was moving along quickly and timely and so it seemed they would follow through on completing the economic reforms on time, as Abadi has said they would do by last Thursday 02/12. Remember his grand speech early last week telling us this? But now over this past weekend it seems to have stalled again. Why? So today is Monday, a day passed the deadline of posting it in the gazette. So what is going on? We know they can not fully implement the budget since it must be funded somehow. So how can they fund it without fully completing their economic reforms (meaning in part the currency reform and dropping the 3 zeros). FACT: We know that parliament did not get a forum on Saturday or Sunday since Sunni MPs said they would boycott parliament after the killing of Sheik Qasim al-Janabi on Friday 2/13. So very little was accomplished in parliament over the weekend. Such statements as “The bullet that shot Sheik Qasim also shot at the heart of national reconciliation,” said Sunni parliamentarian Raad al-Dahlaki. “The government has nice words but doesn’t execute its promises for security. It’s too weak to control the militias.” FACT: We know these militias are now controlled by the former prime minister Maliki and his goons. He is still desperately trying to break up the unification effort of Abadi and create havoc. What does this tell us? Why do they allow this man to continue to disrupt this new government? Not to get side tracked from the budget issue (this is all connected) but we will soon see a speeding up of the measures to deal with the Maliki and his goons. This I can promise you, especially after this last incident. This the USA and the UN wants and has been demanding all along from the Iraqi government. I am sure there will be some “I told you so” notes being sent to Abadi’s government. FACT: The World Bank has allocated $ 10 million for the restructuring of State-owned banks and activation of electronic transactions including electronic clearing system in Iraq. This also will allow the Qi cards and other Iraqi bank generated/owned credit cards to be used widely internationally. This is huge but by itself does not mean Iraq is going international or to revalue its currency immediately. It does have great significance in that it tells us they are in fact gearing up for it and moving in the right direction. This surely could have been accomplished post RV and was not holding up the completion of the currency reform or was it? Funny how items like this are accomplished and we don’t know what we don’t know until they happen. This will continue to happen and we don’t know if it is a needed requirement for an RV or something that could have happen post RV. What we do know is all those that keep saying Iraq is going to RV everyday should be ashamed of themselves. This is a prime example. I don’t care what their contacts are telling them either since they are big boys and should by now know better. What they say is not how they act. They criticize others for gearing up over one event, yet do the same themselves. So as a sane and reasonable person how do you feed about all this so far? Can you see a reason why the budget completion may have just been delayed and things are still moving ahead? What now would be your conclusions ? Come on it’s not that hard and there is no conspiracy going on here..! Before you answer these two questions let us look at what else popped up over the weekend as they neared the finish line to fully implement the budget. FACT: Everyone (meaning provincial leaders) wants their money and they know what stage the budget is in just like you and I do. They too have heard about the ratification happening over 3 days ago. They too have an obvious stake in it. They want their projects funded as promised and as part of the reforms effort. It now comes down to a matter of trust. Trust can only go so far. Trust that this budge will be opened in a timely manner. So over the weekend we see articles about two rounds of negotiations between Kurdistan and Baghdad. What were these talks about? What really happened behind the scenes when the cameras were not recording? I believe this is what happened between Barzani asking Abadi - WHERE THE h*ll IS THE MONEY THAT WAS PROMISED TO US! Threats of striking Kuristan government workers for not being paid since December. FACT: Abadi and Barzani met on Sunday afternoon in Baghdad to discuss the financial benefits of the region in 2015, the federal budget and the implementation of the oil agreement between the two governments. Does the timeliness of these meetings surprise you? FACT: Then later on in the day, on Sunday, we see another article telling in fact what the issue was between Kurdistan and Baghdad and as to why these negotiations did not go so well and why a delegation from Kurdistan has to come to Baghdad in the first place. My hunch was correct ! It was all about money owed to Baghdad from the oil revenues as promised- WHERE IS MY MONEY…said Barzani? FACT: Barzani stated to the press after the first round of negotiations –“Baghdad does not have sufficient funds to grant share Kurdistan 's oil but are still committed to the Convention” FACT: Then even later in the day, also on Sunday, we see that there was a compromise made between and Kurdistan and Baghdad. How do I know this? They told us in yet another article that the Minister of State in the Federal Government for the Kurdistan Alliance Saman Abdullah in addressing the news that the Ministry of Finance will send the amount of 583 billion dinars to Kurdistan, representing an advance part of the budget for the month of January 2015 to pay the salaries of the staff of the province for the first month of this year. FACT: I need to emphasize to everyone that this was only a “partial” payment not a payment “in full” for money owed to Kuristan under the oil agreements. It was given since the budget is not fully implemented and there is no legal obligation, as of yet to pay in full. Why did Abadi do this? This was done to pacify the Kurds while we wait for the budget process to be finalized. But why not just post the budget in the gazette, finalize it, open it and then send the total allowed payment to the Kurds? Can’t do this if the budget is not yet funded. Can’t fund it without what? Repeat after me…… a. completing all the laws to support it b. completing the economic reforms (such as the currency reform of deleting the 3 zeros) Do you see how these recent events are not just coincidental. They are signs to us telling us what is happening behind the scenes. We can ignore these articles as some wish to do or we can use them but we have to connect the dots to see the entire picture. It is all interconnected as it is always. This is the key to seeing what is happening in Iraq. It is never straight forward and you must remember past events.. I hope I did a good job for you today in connecting these dots. Remember this scuffle over the weekend was not Kurdistan trying again to renegotiate the oil revenue deals or HCL or Article 140. Instead we know for a fact this is all done. Now we are into the payment side, making good on promises from Baghdad. This was the issue this past weekend. Remember too it is all a matter of trust. Will Baghdad be the same now in this new government as in the former Maliki government. All promises and little action so far. So far we witness the exact same movements of money as something Maliki would have done. Nothing has changed. Always partial payments to the Kurds. To change this Baghdad (Abadi) must make good on the remainder of these payments and do it soon and bring them up to date. Other provincial leaders too are getting suspicious and will soon come forward for their funding. Do you see now how these three events: a) the slaying of the Sunni Sheik Qasim; Kudistan payment issue c) currency reform not completed, are all tied to not completing the budget before this weekend and why it caused issues? Do you see how these events could collapse the entire unification effort if this budget is not completed and opened soon? Payment of monies owed now is the key to keeping this new fragile government intact. These payments can not be made without the funding and the funding can not take place without the currency reform happening. It keeps going back to currency reform for in part it is the necessary funds. NEXT STEPS As I explained in my last news letter technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar FIRST. If they do not increase the value on or before this bill is posted in the gazette (or announced in gazette) we are in trouble. What do I mean by in “trouble”. If they do post it in the gazette (and announce it) without a currency reform of some kind, Iraq will have defied all logical reasoning and I am at a lost as to what is happening. I then throw in the towel and raise up my hands. Mnt Goat will be stumped ! But I do not believe this will be the case. I do not believe this will happen. As it has not yet happened and so far I do not like what is going on but at least it still makes total sense. So here we are on the first day following the outer most deadline of Feb 15th to post the newly ratified 2015 budget in the gazette. They are already a day late but they have a good excuse. What will this week bring us? How many more days d they intend to stall? You all know what comes next. They must fund this budget of 119 trillion dinars. I have to tell you there is not enough dinars in circulation today to cover this budget amount and they know this. So where will they get this much needed dinar with a rate of 1166? They have huge stockpiles of the lower denominations but currently they too are valued at the 1166 rate. In my last news letter I stated what the next steps have to be on or about the time of the revaluation announcement in Iraq. They then have to de-dollarize and get the lower denominations out to the banks as this process will take many months to normalize. But first they need to complete the economic reforms and this means in part to go international with their currency. As this happens we all expect the rate to change to at least a rate conducive to pre-war era. Yes I am a stubborn woman and will stand my ground in that I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget. A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget and so these other events are also close at hand, if not already accomplished by then. Something to watch for. So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue. We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation). Can Iraq be fully positioned with all these events in time to open and begin spending this 2015 budget? Peace and Luv To Ya All, Mnt Goat
  2. Mnt Goat Monday Post - “A Basket of Laws-Soon?” Part 1 of 2 - 2/9/2015 (Thank you George for emailing this to Dinar Recaps.) UU1033 – “A Basket of Laws - Soon?” by Mnt Goat Hi Everyone, Today’s news letter is all very good news, like amazing news ! It is all about these new laws and why we wait so long for them to be implemented. Are they the holdup for the budget and the RV? I truly have always hated to give a date for the RV but I have to say this time a new window of opportunity for an RV is staring us right in the face for this week – and more than ever before ! It could not get any better ! . I just can not help to bring this news to you. Let’s see how this is possible. So today I want to emphasize once again that we are literally just waiting for the news of a hand full of new laws to get forwarded to parliament and then voted on by parliament. Some call this a “basket “ or “bundle” of laws. But there is more to it than that. It is not that simple. I think we may not hear much more about most of these laws that are in the waiting. Like the monopoly board they intend to go directly to HOME and collect what is due to them. Let me explain. But there is a key to unlocking this mystery of why many of these laws have been in the waiting. I will tell you in this news letter today. Please be patient when reading today. For some of you might already know some of this news but you too should be patient and read on so you can see the big picture. I have to prep you first (and everyone else) so I can tell you what comes next. So again, please read the entire news letter, slowly and carefully from top to bottom and do not skip around. Today’s News Today is Monday Feb 9th and still no RV. I am not surprised are you? Guess all these so called “gurus” messed up again….lol… In bringing you the news today I first need to remind everyone that when you hear of any Iraqi law being “passed” or “voted” on always, always ask yourself what legislative body in the Iraqi legislative process are they talking about. In other words who passed it? Who currently has the bill? For example ask the question – Did it pass the Council of Ministers? Or was is voted on and passed in the Council of Representatives? Two very distinct legislative bodies. One writes the laws (Council of Ministers) and the other reviews the laws from the representatives (Council of Representatives or House). Both must be completed prior to most laws being “done”. I have listed a link below that I hope will explain the Iraqi legislative process to you in more detail. http://www.niqash.org/articles/?id=1207 But if you notice what we have yet seen any legislative bodies where there is direct representation from the provinces themselves, much like in the USA as senators from the states go to Washington DC and represent their states. Are we all good so far? Do we all understand? Now lets move on to something very important ! The Council of Ministers do not write the Iraqi laws in a vacuum since they often rely on help from finance committees, more experienced parliament members and representatives directly from the provincial governments. Side meetings and negotiations too often take place to get the needed written bills completed. When all is done the council of ministers then holds a session and votes on the news bill if they pass they are completed. This does not mean they are done but only written and ready for the next step in the legislative process. This process is the very point where most get confused. The articles too are not always clear. If you truly want to bring truthful news to the dinarians then you are responsible to clarify it. You must take the time to follow-up and know exactly what you are talking about. Most of these laws in this so called “basket” or “bundle” of laws and are not yet “done”. They simple passed the Council of Ministers and most have had their first or second readings. They are ready to have a final vote in parliament , but why have they not been voted on by now? This is because according to the Iraq constitution there is yet another legislative body to be involved that has not been fully formed and established up to now. It is called the Federation Council and I have talked about this council in many of my past news letters. This is the direct representation from the provinces themselves as I referred to above as senators. I have been told that over the last couple days this council is now completed and being fully implemented. I almost fell off my chair when I heard this news. Again amazing news that is mind blowing because it is happening so fast. Also I have waited for this news for almost 3 years . What does this mean? It means that all these bills in this “basket” of bills can now be reviewed by the provincial representatives and thus meet all the constitutional mandates for legislation in Iraq. These bills can now move forward. We will soon hear about some of these remaining bills in the news this week….just watch. Since this is yet another layer added on the legislative process called the “Federation Council” these new laws must go through a review and pass thru this body of legislation too. But wait a second you might say…..this Federal Council has not yet been implemented and it too needs a law passed by parliament to legalize it. So how can they send these news laws to this council for review? BINGO ! Now you understand the current situation that the Iraqi legislation process has been in. But this is no longer an issue since the council is now legalized. So here was the issue plain and simply put - THEY CAN’ T OPEN THE NEW BUDGET WITHOUT ALL THE NEW LAWS VOTED ON BY PARLIAMENT BUT THEY CAN’T SEND THEM TO PARLIAMENT WITH THE FEDERATION COUNCIL PARTICIPATING IN THE REVIEW PROCESS. SINCE THE FEDERATION COUNCIL WAS NOT YET READY WE HAD TO WAIT. SO THIS IS THE SECRET TO UNLOCKING WHY WE ARE WAITING SO LONG TO SEE THE IMPLEMENTATION OF ALL THESE NEW LAWS. You see Iraq sort of put the cart before the horse in that they have all these laws written and negotiated but they did not yet have all their constitutional legislative bodies in place to review and pass them. Now they do and I believe in this next session on Feb 10th they will bundle these laws in a basket push these laws along in this “basket”. I believe that the HCL and Article 140 is top on their agenda and we will finally see and hear of the conclusion to these laws. Iraq almost had to put the cart before the horse in order to get these bills in progress. Kind of like multi-tasking. They also could not wait on these laws first for the budget bill since they knew the process and knew they could schedule this event to happen when all this could finally come together. Also since most of these bills were already in the making they only needed fine tuning and some minor changes to the wording. This is a good thing and shows us that Jubouri, Abadi and Masoum really want to push this government along and make up for lost time of the Maliki years. I believe this may be the week when we finally see all these new laws come together. Incidentally the Federation Council had to review the 2015 Budget law too and has just reviewed the law today and so do you wonder why we have not see it yet ratified? We kept asking ourselves what are they waiting for? The president can not ratify it until this Federation Council first signs off on it. This is now in the works but remember we also need all these other laws too to support the budget bill. Can’t have one without the others. Remember the 2015 budget bill was passed on Jan 28th and the president has until Feb 12th (15 days) to ratify it and then 2 days to place it in the gazette. Once placed in the gazette they have 24 hours to fund it. Mnt Goat Monday Post - “A Basket of Laws-Soon?” Part 2 of 2 - 2/9/2015 Could we be in for a VERY LONG wait for all these new laws, including the 2015 Budget bill, to reviewed by the Federation Council ? Absolutely Not! At least this is what I am told by the GOI. Since most of the provincial representatives were needed to negotiate these new laws many have been already involved in the new laws all along. Dr Allawi has been running an “informal” federation council behind the scenes. Basically I am telling you most of these new laws are already reviewed by the members of the Federation Council. For the most part all they will need is a quick session and to pass thru the bundle and let Parliament do a final vote on the “basket”. So the Federation Council is now legalized and is implemented. It is a brand new part of the review process for a new law and will NOT be an additional burden and time consuming going forward on new laws, as many are believing. They will work in conjunction with parliament during the readings and supply their input in harmony with them. They have not yet had the chance to do so formally in the past for this “basket” of new laws because they simply did not exist as a council when many of these laws had their first and/or second readings. Remember many of these new laws originated years ago. Maliki was blocking the formation of the Federation Council. More on the Federation Council http://reliefweb.int/report/iraq/advancing-iraq%E2%80%99s-unfinished-constitutional-agenda-roundtable-federation-council Bear in mind the Iraqi government was NOT fully formed according to the Iraqi constitution until the Federation Council was implemented and working. This has been overlooked and ignored by many “intel gurus”. It is a USA and UN mandated requirement before any completion of the economic reforms can happen meaning a re-pricing of their currency. It is part of the carrot they hold out over the GOI. So don’t get confused. Since what is really important is the fact that parliament is still going to be the “final” vote and this is really part of the key we are looking for to unlock this mystery of why we still wait for an RV. So now we know what has to take place with these new laws and why we have not yet seen them move forward to completion on them. Last Week’s Progress The process of carrying out their plan of completing their government was explained somewhat especially in my last 2 news letters of 2/2 and 2/4. It has not changed. This is a continuing saga. The plan is being executed. We saw the Federation Council finally being implemented and this was HUGE news. Next we saw the national guard law get written and finalized by the council of ministers. Then we read about the Ba’ath party reform bill also being finalized. This we all should recognize by now as a precursor to full Amnesty implementation in the very near future. We all should also know by now the implementation of amnesty is a stickler with the USA. Next we saw many more banking reforms announced for example we read about the by acceptance of electronic deposits from the Iraqi government into any bank, even international banks. We also saw the Committee on Economic Affairs hold its third meeting and from it out came twelve (12) banking sector decisions. Did you see these? Here is the link. https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.khabaar.net%2Findex.php%2Fpermalink%2F41457.html&edit-text These decisions are nothing new to any of the world’s banking sector . Just normal banking practices. However this shows use the concern to bring Iraq back into the real world’s banking sector to play with the “Big Boys” (the international banks around the globe). Next we heard that Abadi was going to give the people a surprise and then out pops the GOI announcing the 2003 night time curfew has been lifted. Life is going back to normal in Iraq. This to me is weird since we are still constantly hearing news about Mosul being overtaken and other areas of northern Iraq still under ISIS occupation. But I think I know the strategy being played out here. Iraq is desperately trying to portray itself as a safe and secure country for investors to flock to. I think that lifting the curfew is a brilliant move on Abadi’s part and tell us once again just how close we are to having the economic reforms completed. Now when will they give the people back their currency? How can anyone not feel that this is just about to happen. This is all good and it was a very productive week for Iraq. I am very excited ! Expectations for this Week Remember that these new laws in this “basket” of laws back up the budget bill of 2015 we just witnessed get voted on over a week ago on 1/29. These laws are needed since the budget provides funding for them. How can you fund something that does not yet exists or is not finalized in legal form? So now these laws must be reviewed by the Federation Council, by Feb 10th at least a cursory review to meet the constitutional requirement for a review. Since the next session of parliament was announced to begin on Feb 10th I believe this is their target. I believe this will not be a hold up and this deadline will be met. Remember too I have heard that the Federation Council has been informally involved in many of these bills already and these representatives are very familiar with the content. Next I believe this “basket” of new laws can then have their last needed readings in parliament (if any required) and get their final vote. I also believe they almost have to conduct this vote on the “basket” of new laws as a basket in order to get them all voted on in a timely manner. They will be racing the clock since I believe the deadline for this voting completion is Feb 12th. Why Feb 12th..? Because that is the deadline for the president to ratify the 2015 Budget Bill and the budget needs these laws in order to support and make legal the allocations contained within it. They have a couple days of fluff since they have two days to publish it in the gazette once ratified and 24 hours afterwards to fund it. So this brings us realistically to Feb 15th when the budget will be opened and the allocations can begin to be spent. Will this happen on time? Let’s see what happens this week. Does this mean they will re-price their currency on or prior to Feb 15th? Iraq has been telling us they intend to complete the economic reforms on around mid February and more specifically maybe completed by the Unification Conference as it is scheduled for Feb12th. It all makes sense to me. Do you think perhaps there is a link between this conference date and the dates I outline above? Seems like an intentional schedule put together to me. So I ask you now these questions: 1. Could this Federation Council requirement be the final step that ties all these laws together for a final vote in parliament for this basket of laws this week? 2. Could this vote be coming in the next session beginning on Feb 10th in order to be done by Feb 12th , the next Unification Conference? 3. Does the GOI want to enter this conference with egg on their faces or to report progress, as promised? Remember they are now well beyond the 120 days mandated timeframe agreed to by the GOI to complete any of these reforms. It is way over the time limit to implement them. Today is Feb 9th. Can they do all this in 3 days? Are they much farther ahead in this process than they are leading us to believe? So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done and the government is fully formed. Can Iraq be fully positioned with all these new laws in time to open and begin spending this 2015 budget? Peace and Luv To Ya All, Mnt Goat
  3. My Ladies: "The Budget Has Been Passed!" - 1/29/2015 GOOD THURSDAY AFTERNOON EVERYONE. WASN’T THIS AN EXCITING DAY. FOR THOSE OF YOU THAT WERE WITH ME ALL DAY, YOU KNOW WHAT I MEAN. WE HAVE BEEN HEARING FOR AGES OH THE BUDGET IS DONE IT’S DONE IT WAS SIGNED AND BLA BLA ...WELL I GUESS WE CAN SAY THAT IS NOT THE CASE. WE WATCHED HISTORY BEING MADE…FOR SOME THAT MEANS NOTHING BUT FOR US THAT IS REMARKABLE. I GAVE EVERYONE A PLAY BY PLAY OF THE BUDGET VOTE THAT STARTED COVERAGE AT 5AM EST. THEN THE TIME WAS PUSHED AND IT LOOKED LIKE THE WHOLE THING WAS GOING TO GET RE SCHEDULED. .... BUT WHEN THEY PHOTOGRAPHED THE ENTIRE BUDGET AND PASSED IT OUT I KNEW WE WERE GOING FORWARD. WE WATCHED THE MANY ARGUMENTS LIVE, THE MANY PAUSES LIVE, AND FINALLY JUST NOW AT 1PM EST THE FINAL VOTE OF THE BUDGET. THEY VOTED IN EACH ITEM LINE ITEM BY LINE ITEM AND WE SAW THE ENTIRE PROCESS. I HOPE YOU LEARNED SOMETHING FROM THIS AND GOT TO SEE A PIECE OF THEIR CULTURE AND HOW PASSIONATELY THEY FEEL ABOUT THINGS. NOW WHAT ON EARTH DOES THIS MEAN FOR US??? WELL NOVA AND I ARE MAINTAINING THEY CAN NOT PROCEED WITH OUT AN INTERNATIONAL CURRENCY.RIGHT NOW IRAQ IS CLOSED FOR BUSINESS UNTIL SATURDAY MORNING. SO WE WILL WAIT AND WE WILL WATCH WHAT HAPPENS. WHILE WE WAIT LET,S KEEP IN MIND THAT KUWAIT REINSTATED THEIR CURRENCY AT 4:17PM EST ON A THURSDAY AFTERNOON. WE SURE DO NOT HAVE ALL THE ANSWERS BUT WE DO KNOW HOW BANKING AND THE WORLD WORKS. THE NUMBER 1 RULE IS YOU NEED TO HAVE INTERNATIONAL CURRENCY IF YOU WANT TO PLAY OUTSIDE YOUR COUNTRY. AND IRAQ HAS INTERNATIONAL OBLIGATIONS. I AM VERY CONFIDENT THAT WE WILL ALL BE HAPPY VERY SOON. WELL WE CONTINUE TO WATCH AND RECAPS THANK YOU SO MUCH FOR BRINGING OVER THE PLAY BY PLAY. YOU FOLKS ARE JUST TERRIFIC. ********** P.S. JUST TO PUT THIS INTO PERSPECTIVE, XXXXX JUST CALLED ME AND SHE IS WATCHING THE INTERVIEWS NOW AND SHE SAYS IT IS VERY VERY EMOTIONAL. THEY ARE TALKING ABOUT THE YEARS OF SUFFERING THEY HAVE GONE THROUGH AND THEY ARE SAYING THERE IS REAL HOPE NOW FOR THE FUTURE OF IRAQ. GROWN MEN ARE GETTING EMOTIONAL IN THESE INTERVIEWS AND ARE FEELING SO HOPEFUL FOR CHANGE. NOT SINCE 2003 HAVE THEY FELT THIS HOPE. SO LETS KEEP THAT THOUGHT IN OUR HEADS AS WE WAIT FOR THEM TO BECOME INTERNATIONAL BUT WE JUST WATCHED SOME TRUE NEW HOPE BEING GIVEN TO AN ENTIRE COUNTRY THAT HAS COME TOGETHER AND UNITED FOR SURVIVAL.
  4. Okay friends....here's the goat's latest - only for those who might be interested...Don't shoot the messenger...RON Mtn Goat: "Our Hopes & Dreams" - 1/30/2015 Thanks For Sending To Recaps George H UU1010 – “Our Hopes and Dreams” by Mnt Goat Hi Everyone, The weather today in Bavaria is cold and snowy but I am reminded that winter is fun too by Meine Kinder. Yesterday the family took a trip to the sliding mountain and we spent the afternoon enjoying the outdoors in the snow. Later we sat in the lodge ate lunch and sipped on something warm. As I sat cozy with my family I realized something. Call it a revelation if you will. I realized that the colder the winter the nicer the spring seems to be in Bavaria. The larger lesson I guess is always to have hope and keep hoping since there’s nothing like a dream to create the future. I wanted to give all my dinarian friends a quick on the status of what I have been talking about these last couple news letters, that of the imminent RV of the Iraq currency. I hope everyone also read my last news letter dated 01/28 since this is a continuation of this ongoing saga. ~~~ Today’s News Today is Friday Jan 30th already and yes we are only one (1) day from the end of a span of time ( a window) I was told would be the best possible time for us to witness the revaluation of the Iraq dinar. So why have we not yet seen it? FIRST - let me say this window is not yet over. So we still can expect to see progress if all holds true. SECOND- there where many who got on their “band wagons” and started announcing that the budget was passed prematurely such as on Wednesday and yet we knew that the GOI and Parliament told us the final voting process would not take place until Thursday. So what’s happening here? Once again we witness these “intel gurus” wanting to be the first to call the RV and so they hype up events and want to tell a story their own way instead of just settling back and listening to what is really happening. So once again we see they do not still know or understand the political / legislative process in Iraq. They told us the 2015 budget was passed on Wednesday. Really? I say passed by who? This messed with our minds and causes us to hope for something sooner than later. Do they even understand that the Iraq news media said “The Finance Committee approved the Budget law of 2015 on Wednesday”. This did not say a final vote was taken by parliament on Wednesday! Did it? Did I miss something? Do they still not even know that parliament is the branch of the Iraqi government that has the “final” voting power to make laws. The finance committee does not vote on the laws. They simply, in conjunction with the GOI, write the laws and then pass them on to parliament for review (usually 2 readings) and then a 3rd session for a final vote. Then it goes to the executive branch to get ratified by the president of Iraq. Then it gets published in the gazette to be final and can be implemented. So this is the process we watched for. So these constant misunderstandings then get perpetrated down to the rest of us who trust in their information. Maybe this our mistake, since we trusted them to provide accurate information? Maybe we should not listen to them so closely? Just my thoughts. THIRD - in my last news letter on 1/28 I stated I just got off a call with my CBI contact in Iraq. I also said that the information I received said it might take a couple days before we see any RI or RV after the final vote is accomplished. Let’s dissect what I just said- So the final vote did happened yesterday, as scheduled. It also passed as I said it would or they wouldn’t have even taken the vote in the first place. They postponed the vote twice yesterday just to ensure it would be successful. So how could it have already happened then on Wednesday. Right? It made international news and so this was the announcement we all have been waiting for. Over all we can see that we are soo very close to this RV / RI that if this event was a fly it has landed on our nose and we can see it……lol….. All the news from yesterday is very exciting news and was history in the making. Remember this is the very first budget EVER completed and through the legal, formal parliamentary voting process since post war for Iraqi’s new government. It is a HUGE achievement. It brings hope for Iraq since for the first time all the secs / tribes are working together in some sense of unity towards a common goal. Remember also the Amnesty and the National Guard efforts are closely linked to the budget since both of the programs need funding. Both of these programs are essential for the future of unity efforts and national security. FOURTH - President Obama and the first lady will be visiting Iraq soon. It will be a short visit but I believe it is a hopeful visit. Why do I say this? I say this because Obam refused to go to Iraq when Maliki was in charge and did not want to show any respect for this man. Now he comes to Baghdad to great the prime minister Abadi and congratulate him on all the progress so far. This is a partnership call. But most importantly I believe he is going to nail down two main issues: 1) USA support in fighting ISIS 2) the future of Maliki and how he will be dealt with. Remember I told you months ago there was a plan for a trial and execution of Maliki. This was all supposed to happen already prior to the end of 2014. This did not happen on the timetable and so this is a sticky issue with the USA and it must be worked out with Iraq as to what is the next step. I believe fully that Obama will be talking about this and pressuring Abadi to make the next move. Shortly after this visit we will see some positive actions in this direction. Already we have seen the list of charges and this was a step to let all the citizens know this is coming. My personal feeling is that Abadi did not want to “tip the apple cart” just yet with Maliki since there were so many other more urgent matters to take care of with the Unification effort, Judicial reforms, HCL, 2015 Budget, etc, etc. Granting Maliki the vice president position was a strategic move that I believe will pay off big for Abadi. It is like putting Maliki “on-hold”. Heck he even lets him stay in the prime ministers home, which is one of the former Saddam Hussein palaces set aside for the new prime minister’s residence. From my experience in the intelligence area I can whole heartedly tell you this much: 1) There will never be peace and there will always be bombings in Iraq as long as this Maliki guy resides in Iraq for as I have said many, many times already he is the focal point, and the instigator of these terrorist activities. He is actually the leader of terrorist activities in Saudi, Syria and Iraq led by Iran. Now with the Stryker ISIS and Mosul ISIS incidents they have affirmative proof and the entire country witnessed it; 2) Iraq will never free itself from Iranian influence and become truly a free nation as long as Maliki resides in Iraq. It is time to invite the Iranian quds forces to leave Iraq. Vice President for USA already has stated it is time; 3) The PTB can not let Maliki let lose in the Middle East (if he were to leave Iraq) since he would only move on somewhere else and begin his reign of terror all over again; 4) The PTB must use the punishment of Maliki and his goons as an example of what to expect to the other would-be dictators (i.e. Assad) in this part of the world. Next Steps: I believe they will take this weekend to push the needed rate files once again down to the exchanges and banks as needed for a revaluation rollout. If not this weekend very shortly. Remember the USA controls this software to complete this process. They have signed on to accomplishing this task when Iraq gives them the go ahead. Then the banks and exchanges will verify it is all completed and ready and then they will sign-off on it. Then Iraq will announce their RV and out pops the new rate. I am told it will be a reinstatement (RI) of their currency followed by a revaluation (RV) 4-7 days later. I may be simplifying it a bit but you get the general flow of the events. So you see Al-Abadi had to make a decision soon on when to RV his currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done, done, done…tic toc...tic toc…. Peace and Luv To Ya All, Mnt Goat
  5. A Few Words From Mailman17 & Arthur - 1/29/2015 Mailman17 I SEE THEY HAVE THE BUDGET KNOCKED OFF THEIR LIST AS WELL AND THE 17% TO THE KURDS. I JUST WANT PEEPS NOT TO BE ALARMED THAT THE BUDGET IS STILL IN TRILLIONS. THE FACT THEY HAMMERED THIS OUT IN JAN IS A FIRST. THE BUDGET CAN ALWAYS BE ADJUSTED BY THE STROKE ON A KEYBOARD TO REFLECT THE RV. SO DONT WORRY ABOUT THAT. IMPLEMENTATION OF QUITE A FEW THINGS IN THAT BUDGET NOT TO MENTION, ISX INFO SAY THEY WILL HAVE TO HAVE A REALITY RATE. ~~~ LOOK AT PAST NEWS AND REMEMBER WHATS ENTAILED FOR IRAQ TO SUCCEED...A STABLE, RECOGNIZED AND VALUED DINAR. AS FAR AS IMF GUIDELINES...IMO...THEY DO NOT APPLY IN THIS MATTER. EVEN UNDER ART 4 CONSULTATION BACK IN 2013, NO WHERE DID IT SAY IRAQ MUST FLOAT...PERIOD. THE IMF AND THE CBI WILL ASSIGN WHATEVER RATE THEY FEEL IS SUSTAINABLE FOR IRAQ TO SUCCEED AND A FLOAT FROM 1166 IS NOT AN OPTION. PERIOD........ JMO. Arthur Yesterday was a huge media blitz in Iraq. Jabouri and several other respected statesmen went on record to assure citizens that this would all be done no later than Sunday, Feb.1st. But just as there is an opposing counter speech to a Presidents state of the union address, such is the case with Maliki's State of Law coalition using whats left of their moribund political and media power to constantly sow seeds of doubt and tribal mistrust in Abadi's government especially in regards to any HCL progress every step of the way which has caused delays up until now but is now only a nuisance and not able to affect the outcome any longer... Arthur There was also a big media push emphasizing the major progress on the security front. Hundreds of ISIS/ISIL/DAASH being killed daily by an even more ramped up bombing campaign since the France incident along with an ever increasingly confident Peshmerga liberating more and more areas and announcing the imminence of the displaced being able to repopulate their homes and properties... and that international investors no longer need have any security concerns. Jabouri outlined a long laundry list of progressive accomplishments of the new government contrasting them with the failures of the former regime… The whole tone was about the new Iraq and the imminence of them becoming the biggest economic giant in the region. A major and decisive meeting of the presidencies was announced for today that will put the final touches on the budget law and mechanisms that will positively impact every citizen and launch Iraq into the international stage.
  6. Mnt Goat: "Expectations This Week?" - 1/28/2015 Thanks George for sending to D.Recaps UU1006 – “Expectations This Week?” by Mnt Goat Hi Everyone, I wanted to pop on today to give all my dinarian friends a very, very quick and brief summary from a long conversation I just had with my CBI contact in Iraq. I literally just got of the phone. I am going to tell you just what I heard but in a short summary format. In order to do this you have to know some background of what I have been telling you over these last few years. In other words THINK ! I assume you have been keeping up with my news letters. If you are completely new to this investment please assume what I am saying now is fact, relax and just try to understand and absorb it. Then later conduct some research on your own afterwards if you chose not to believe me and verify what I am now saying. ~~~ I am not trying to predict a date or a rate but I am admitting I am adding in some of my own conclusions as to where all this information is leading Iraq. I hope you can see for yourself just how close we are to some kind of change in the value of the Iraq dinar. I hope everyone also read my last news letters dated 1/25, since this is a continuation of this ongoing saga. Today’s News Today is Wednesday Jan 28th already. The final budget vote was postponed until today and then late last week we heard it was once again moved out until tomorrow Thursday 1/29. I have repeatedly told you that the only issue with the budget is a matter of liquidity and having other laws in place to back up and support the budget size. With the decrease in oil revenues brought on by the decrease in recent oil prices this has caused a dilemma for Iraq. How do they implement a budget this large with no revenues to match it? Also we have seen over the last year an intentional effort by the CBI to bring in all the larger 3 zero notes (project to delete the 3 zero notes). This was phase 1 with in country and phase 2 is taking them from us speculators. They did this so they can exchange them for USD or the lower denominations (to a very limited extent only in some provinces). The CBI reported that nearly 80%+ of all the larger 3 zero notes had been collected from the Iraqi citizens already. All they had to use then was basically the USD. Then in the middle of 2014 they outlawed using the USD and insisted in using the Iraq dinar. How can they do this since the collected over 80% of the dinar notes already? They did this because the rollout of the revaluation called for it. After they sucked up most of the larger notes for USD they plan called for then exchanging the USD for the new lower denoms. This was the final stage in the revaluation process. However the revaluation did not happen as planned. So they basically now have had very little currency in circulation for over a year now. How did they get around this lack of physical currency in the market place? What the CBI did to get around the lack of physical currency was to begin issuing money on the Qi cards for all government programs and salaries. These cards are as good as cash.. It also allowed them to turn in any remaining USD for what lower denoms were issued. Remember too these lower denoms were not supposed to be issued until the actual RV happened. However they were staged at the banks already as the CBI collected truck loads of the USD from the process of taking it out of circulation. Some of the banks jumped the gun and with miscommunications from the CBI (once Dr Shabibi left) this just happened this way. So some provinces are in fact now using the lower denoms but in a very limited extent since the CBI quickly issued orders to stop this rollout. So this was a rehash of history as to where we now stand. In short - very little paper money of any kind in circulation and discouraged and outlawed using the USD. In today’s conversation with my CBI contact I was told that if they open the budget today with an 1166 rate the country of Iraq will automatically be insolvent in the financial sector. Why? Cause there is no paper currency in circulation to back it up. Remember they collected all the old 3 zero notes, or almost all of them and certainly not enough to back this sizable budget. This is also why they have been playing with this budget for so long. They have been attempting to find a way to make it work without the revaluation since the USA has been up to now trying to push it out but instead has to keep stalling the process each time due to these matters in Iraq. The USA did not want to push it out without the full approval of the CBI and the GOI. Finally they all agreed on the timing about over a week ago. Iraq would do it on their own timing and a schedule of possible timings was established. Just these past couple days we read articles on the shifting of money from the CBI reserves to the five main banks in Iraq. Seeing that they just can’t give away money they loaned the money to the banks. So the CBI reserves stay intact on the balance sheets. What does this mean? It means they are positioning themselves and about to make some kind of drastic change in the value of their currency in order to support the backing of the 2015 budget amount. They are basically funding the new budget. We all have seen a sneak peak of the new budget and now know this nonsense about the new rate being listed in the budget was just rumor. I told you they could theoretically pass the budget and open it to spend it with a 1166 rate, but only if they have the money to back it up. Now with this shifting around of funds and a revaluation this is possible. They can actually now pass the budget and move forward if they decide to on Thursday. This is why I am now so optimistic this could actually happen this week. Where do we stand today? Today is Wednesday and just one day prior to the final vote of the budget. Will they postpone the vote again? Anything is possible but I am told they will not and Abadi is being very firm this time. If they take this vote on Thursday and it passes (and it will) they will have had to have a revaluation or reinstatement of their currency prior to this timeframe in order to support all these funds they just shifted around at the 1166 rate. Do you understand what I am saying? We may be very close. In order to support the numbers in the budget they must have a better value to their currency or they will be insolvent in the eyes of the international community. This is the last thing they want to happen not because they don’t have great wealth and assets but because they have no physical currency at the banks to back up their debt. The local banks not the Central Bank ! INSOLVENCY defined- When an individual or organization (bank) can no longer meet its financial obligations with its lender or lenders as debts become due. LIQUIDITY defined - for a bank means the ability to meet its financial obligations as they come due. If they pass the budget my CBI contact also told me they might wait a day or two in telling this news to the international community and keep it to themselves, if they run into a snag. But once the world hears about the budget being passed they are in BIG trouble should they not have value to their currency to back it up. So you see Al-Abadi has to make a decision soon on when to RV his currency. I believe this decision has already been made and we are now in the final countdown window…tic toc...tic toc…. Peace and Luv To Ya All, Mnt Goat
  7. Backdoc Tuesday Night Post - 1/27/2015 FIRST, A HUGE THANKS TO WALKINGSTICK FOR HIS CONTINUED SKILL AT BEING THE BEST NEWS HOUND IN THE DINAR WORLD PERIOD! AS I'VE MENTIONED BEFORE, THE STRONG DOLLAR TRAIN IS ROLLING DOWN THE TRACKS LOOKING TO COLLIDE WITH TRAIN NUMBER 2 QE IN EUROPE! TODAY WE SEE CONFIRMATION OF MY RECENT POSTS! WITH MANY BIG COMPANIES LIKE MICROSOFT BEGINNING TO MISS EARNINGS, GROWTH LOOKS TO BE A FOREGONE CONCLUSION AT THE MOMENT! THE FOLLOWING ARTICLE CLEARLY STATES CHINAS' CHANGE FROM A MONEY PRINTING OR DEBASING POLICY TO ONE OF HAVING TO SUPPORT ITS' CURRENCY AS MONEY FLOWS ARE LEAVING THE COUNTRY! AS I MENTIONED THE LOWER BLACK GOLD GOES THE STRONGER THE DOLLAR WILL GO. IN ADDITION, THE EU QE IS ACCELERATING THE DOLLARS STRENGTH. THESE TWO TRAINS ARE IN A COLLISION COURSE THAT WON'T END WELL! AS THE DOLLAR CLIMBS IT MAKES THE STOCK MARKET OVERVALUED EVEN IF IT DOESN'T GO UP. GOLD IS IN THE SAME SITUATION. EARNINGS WOULD HAVE TO ACCELERATE UPWARD WHICH WE CALL GROWTH. SO WHERE IS THE GROWTH? NADA!! WHAT WE ARE NOW SEEING IS EARNING MISSES! THIS MEANS ONLY ONE THING IT MUST REPRICE LOWER!! WHY DO I BRING THIS UP? MAYBE JUST MAYBE WE ARE IN WAITING FOR THE MARKET TO REACH THIS CRISIS POINT BEFORE A SO CALLED BAILOUT RAISES ITS' HEAD. COUNTRIES ARE SITTING ON CURRENCY SWAPS PRESENTLY THAT ARE VALUED AT 1166 ! WHEN THIS REPRICING EVENT UNWINDS WE WILL SEE THE FOLLOWING! TREASURIES THAT HOLD DINAR WILL OVERNIGHT FIND SIGNIFICANT VALUE TO AID THEIR FAILING BALANCE SHEETS! "WHEN THINGS ARE THE WORST THEY ARE THE BEST" CURRENCIES AROUND THE WORLD ARE BECOMING DE-STABILIZED! THESE TWO TRAINS WILL COLLIDE SOON AND THERE WILL BE CARNAGE ! WHAT YOU AND I HOPE IS THAT WE WILL SEE A RATE SOON TO STABILIZE MARKETS AND COUNTRIES CURRENCIES! AS I MENTIONED EARLIER, RUSSIA IS BURNING CASH TO SUPPORT ITS RUBLE WHILE IT GOES TO JUNK. CHINA NOW CLEARLY IS DOING THE SAME AS THEY ADMIT THEY AREN'T THE LARGEST ECONOMY SINCE THE OVERSTATED THEIR GDP NUMBERS! I USED THE TERM THAT THEY WOULD BEGIN A SLOW BLEED NOW OF THEIR RESERVES, IT APPEARS THAT IS NOW UNDERWAY! IF WE SEE A IR BEFORE THESE TWO TRAINS COLLIDE SIMPLY WAIT TO MAKE YOUR BIGGER MOVES IN THE BANKING AND INVESTMENT WORLD! WE ARE ON A COLLISION COURSE! IN TECHNICAL TERMS THE MARKET IS CLOSE TO FORMING A TECHNICAL PATTERN THAT SHOULD BEGIN TO MAKE A SIGNIFICANT MOVE TO THE DOWNSIDE! I THINK GOLD WILL HOLD OUT A WHILE LONGER BEFORE GIVING UP SOME! EVEN IF GOLD STAYS WHERE IT IS NOW IT WOULD BE LIKE GOING UP AS THE DOLLAR CLIMBS HIGHER! IT WILL BE DIFFICULT FOR IT TO HOLD AROUND WHERE IT IS IF THE DOLLAR KEEPS RISING! IN THE NEXT 5 WEEKS AS THE EXPERTS THINK, WE MAY FIND A NEW BOTTOM IN THE STOCK MARKETS WHILE BLACK GOLD HOPEFULLY FINDS ITS BOTTOM! HERE IS MY THOUGHT, THE TIMING OF THE IR I THINK IS CORRELATED TO THIS COLLISION! COUNTRIES WITHIN DAYS OR WEEKS WILL BEGIN BLOWING UP FINANCIALLY IN SOME WAY, THERE IS NO ESCAPE UNLESS THE TWO MONETARY POLICIES SOMEHOW CHANGE! THIS IS CERTAINLY NOT NEGATIVE TO ME, ITS EXCITING BECAUSE CHANGE IS COMING AND THE DINAR IS THE SOLUTION TO THIS TRAIN WRECK IN MORE WAYS THAN ONE! ALSO, I MENTIONED THAT WE WILL LIKELY SEE CHINA RESTATE ITS GOLD RESERVES SOON AND WANT TO ENTER THE MULTILATERAL SYSTEM IN THE SDR FORMAT! WALKINGSTICK PRESENTED A GREAT ARTICLE ON THIS TODAY! VERY EXCITING TIMES TODAY WITH THE DOW BEGINNING TO WAVER NOW. BASED ON HOW FAR BLACK GOLD HAS DROPPED AND OTHER COMMODITIES I EXPECT SOMEWHERE AROUND 30 TO 50% CORRECTION IN EQUITIES! BONDS COULD TURN UGLY AS WELL. GLAD I'M SHORT THIS MARKET! LOL 8@8, DOC ------------------------------------------------- China Switches to Supporting Yuan as Outflows Mount: Currencies by Justina Lee 6:51 PM CST January 25, 2015 U.S. Stocks Plunge Nearly Three Hundred Points Singapore Dollar Is Weakest Since 2010 on Monetary Policy Shift New Greek Finance Minister Takes His Default Show on the Road (Bloomberg) -- Managing the yuan is turning into a different game for China’s policy makers these days. After more than a decade of curbing the currency’s gains to help turn the nation into a manufacturing colossus, there are signs the People’s Bank of China is now propping up the yuan to stem an exodus of capital that’s threatening the economy. A gauge of capital flows on the PBOC’s balance sheet fell by the most since 2003 last month in a sign it’s selling foreign currency, while the yuan’s reference rate set daily by policy makers is at its strongest-ever level compared with the market price. Chinese Premier Li Keqiang said today the nation would implement measures to manage the economy more effectively and boost competition. “Everyone thought the movie would never end, and suddenly it ended, so everyone is hurrying to leave,” Kevin Lai, an economist at Daiwa Capital Markets in Hong Kong, said by phone on Jan. 22. “The authorities need to think of a way to keep the audience in the theater” as the economy slows, he said. China amassed a world-leading $4 trillion of foreign-exchange reserves by mid-2014 as exports surged and capital flowed in, attracted by a currency that strengthened for four consecutive years. Now that the yuan’s gains are faltering, the PBOC is trying to prevent its declines from turning into a rout that could deter investment just as the economy suffers its slowest growth in 24 years. Yuan Turnaround The yuan’s onshore rate fell to as low as 6.2569 per dollar today, the weakest level since June, before paring its slide to 6.2542. That’s down from a two-decade high of 6.0406 set on Jan. 14, 2014. China’s currency retreated 2.4 percent last year, after climbing 12.8 percent in the previous four years. The declines were partly engineered by the PBOC, which lowered its daily reference rate by 0.9 percent in the first half of 2014 to prevent the currency from becoming a one-way appreciation bet for speculators. The central bank allows the yuan to trade 2 percent either side of that daily rate. Since then, the PBOC has raised the reference rate in each of the past five months, suggesting policy makers judged the declines had gone too far. The yuan was as much as 1.89 percent below the daily fixing set by the central bank on Monday, data compiled by Bloomberg show. Capital Flight Evidence of capital outflows shows how China is moving beyond using the reference rate to prop up the currency, and also reflects how money is leaving the nation as growth slows. A key barometer of foreign-exchange flows on the central bank’s balance sheet, known as its yuan positions, fell 128.9 billion yuan ($21 billion) in December from a month earlier, the most since 2003, PBOC data show. China’s foreign-exchange reserves dropped to $3.84 trillion as of December, from an all-time high of $3.99 trillion in June. These data “suggest there’s been net dollar demand in the onshore foreign-exchange market which the authorities have met,” Robert Minikin, the London-based head of Asian currency research at Standard Chartered Plc, said by phone on Jan. 21. Trade Flows Goldman Sachs Group Inc. says China’s official errors and omissions data -- figures used by nations to balance cross-border flows when records don’t match -- point to a record $63 billion leaving the country in the third quarter of 2014. Bank of America Corp. estimates $120 billion of capital flowed out of China in the final quarter of last year. The PBOC didn’t respond to a fax seeking comment on outflows and its intervention policy. Curbing the yuan’s losses has become critical since growth slowed to 7.4 percent last year, the worst performance since 1990. In an address to Chinese economists today, Premier Li acknowledged the difficulties faced by the nation and said the authorities would adopt targeted measures to manage the economy and promote emerging industries. The PBOC surprised investors by cutting interest rates in November for the first time since 2012 to give the world’s second-largest economy a lift, though that also reduces the return generated by yuan assets and undermines the currency. The yield premium on China’s five-year government bonds over equivalent U.S. debt has narrowed to 2 percentage points, from 3.19 percentage points in November 2013, the widest difference in data compiled by Bloomberg since 2007. Boosting Prestige A stronger exchange rate would also boost the yuan’s prestige as China seeks to promote it as a currency of global commerce. In the past 12 months, the Asian nation has appointed yuan-clearing banks in cities from London and Frankfurt to Singapore. An appreciating currency may also reassure U.S. officials who have accused the PBOC of debasing the yuan for economic advantage. “If there are signs of significant depreciation pressure, the PBOC will intervene,” Kewei Yang, the head of Asia-Pacific rates strategy at Morgan Stanley in Hong Kong, said by phone on Jan. 16. “The risk of capital outflows weighs more in importance than temporary support for exports from a weak currency.” http://www.bloomberg.com/news/articles/2015-01-26/china-switches-to-supporting-yuan-as-outflows-mount-currencies
  8. My Ladies Monday Morning Update - 1/19/2015 GOOD MONDAY MORNING EVERYONE. WOW!! OH WOW!! THINGS ARE REALLY GETTING EXCITING NOW IN THE MARKETS AREN’T THEY? WE HAVE SHIFTED OUR AREA OF STUDY OUTSIDE OF IRAQ AND HAVE NOT BEEN POSTING MUCH BECAUSE THERE IS LITTLE TO LEFT TO SAY ON IRAQ. BUT I HEAR THE CONFUSION AND I READ ALL THE EMAILS AND OUR SKYPE ROOM HAS GROWN CONSIDERABLY WITH CONFUSED PEOPLE SO HERE WE ARE TO GIVE OUR SIDE OF THIS EVER BUMPY TWISTING JOURNEY. I AM SPEAKING TO PAST ARTICLES FROM THIS WEEK AND I’M SURE YOU HAVE READ THEM SO I WILL NOT DRUDGE THEM UP AGAIN INSTEAD WE WILL JUST WRITE COMMENTARY OK? LET’S TAKE A QUICK SPIN THROUGH IRAQ, IF YOU HAVE BEEN WATCHING YOU NOTICED EVERYONE FROM ABADI TO JUBOURI AND EVEN MASSOUD YESTERDAY SAYING WE CAN NOT CONTINUE WITH OUT THE BUDGET. WE READ LAST WEEK THAT THE BUDGET AND THE IMPLEMENTATION OF THESE BANKING AND INVESTMENT LAWS ARE RUNNING PARALLEL TO EACH OTHER. YESTERDAY THE PRESIDENT MASSOUD SAID THE NATIONAL RECONCILIATION ACT AND THE BUDGET ARE RUNNING TOGETHER. (YOU CAN NOT RECONCILE WITH OUT FULL FILLING PROMISES) (YOU NEED MONEY FOR THAT) I WILL SAY AGAIN, THIS IS NOT BECAUSE THE RATE IS IN THE BUDGET, NO NO NO, THIS IS BECAUSE IRAQ IS A CONSUMER COUNTRY, THEY IMPORT ALMOST EVERYTHING EXCEPT OIL OF COURSE. THEIR BUDGET IS BASED ON IMPORTED GOODS AND CONTRACTS. THEIR BUDGET IS INCLUDING INFRASTRUCTURE AND BUILDING PROJECTS FOR HOMES. THEIR BUDGET INCLUDES AGRICULTURAL PROJECTS. MOST OF THESE INCLUSIONS AND REHABILITATION OF IRAQ ARE BEING DONE BY OUT OF COUNTRY COMPANIES. IN THE PAST THESE COMPANIES WERE PAID IN USD BUT NOW THEY NEED TO BE RECONCILED IN DINAR AND WE HAVE BEEN SEEING DAY AFTER DAY THAT THEY HAVE NOT PAID FOR THESE SERVICES YET. ADDITIONALLY WE ARE SEEING THAT IMPORTED GOODS ARE DONE ON LETTERS OF CREDIT WHICH IRAQ WOULD NOT BE ABLE TO USE IF IT WAS NOT IMMINENT THAT THEY WOULD HAVE AN INTERNATIONAL TRADABLE CURRENCY. I AM NOT SPEAKING TO RATE AT ALL, I AM SPEAKING TO INTERNATIONALLY TRADABLE CURRENCY. SO FOLKS YOU WILL SEE THIS BUDGET POSTPONED UNTIL THEY GET THEIR CURRENCY BACK AND IT’S TRADABLE. IT IS REALLY JUST THAT SIMPLE. ANOTHER THING ON HOLD IS NEW LAWS BEING PASSED. HOW LONG HAS IT BEEN SINCE WE HAVE SEEN ANYTHING GO TO A VOTE? SINCE THIS NEW GOVERNMENT HAS BEEN SITTING ALMOST NOTHING HAS BEEN VOTED IN, OH MANY LAWS HAVE GONE FOR A READING OR 2 BUT NOT ANY FURTHER. CHECK PARLIAMENT WEBSITE. WHY IS THAT? WELL TO IMPLEMENT A NEW LAW YOU NEED TO BE ABLE TO WRITE THE CHECK TO COVER IT. IRAQ CAN NOT DO THAT AT THIS TIME CAN THEY? ALL THE BANKING LAWS AND INVESTMENT LAWS AND HCL AND ON AND ON, THEY ALL NEED FUNDS TO MAKE THEM WORK. WE SEE OIL SHARES THAT ARE GOING TO BE DISTRIBUTED TO THE PROVIDENCES AND WE SEE THE PRIVATE SECTOR ON THE BRINK OF IMPLEMENTATION BUT WE DO NOT SEE ANYTHING ACTUALLY BEING FINISHED. AND THE FRUSTRATION IS MOUNTING. THE CABINET FOLLOWED THE GOVERNMENT PLAN TO THE LETTER, BUT NOW THEY NEED THE BUDGET TO FUND IT. THE 27 POINTS THAT THE SUNNI WANTED ADDRESSED HAVE BEEN MET BUT CAN NOT BE IMPLEMENTED BECAUSE WHY? THAT’S RIGHT THEY NEED MONEY THE PROVIDENCES NEED TO BE FUNDED. LOOK AT THE AGREEMENT WITH ERBIL FOR PAYMENT AND THE REST OF HCL AND THE PROVINCIAL SHARES HOW ON EARTH CAN THEY BE PASSED WITH OUT A TRADABLE CURRENCY? SO AS WE WATCH THIS UNFOLD WE WILL CONTINUE TO SEE THE BUDGET BEING KICKED DOWN THE ROAD UNTIL THEY CAN BRING IT TO THE INTERNATIONAL STAGE AT WHATEVER RATE THEY CHOOSE. WE ARE NOT TALKING RATE HERE WE ARE TALKING BASIC ECONOMICS AND INTERNATIONAL TRADE RULES 101. HOW LONG WILL ALL THIS TAKE TO FINISH . WELL FOLKS IT IS FINISHED ALL OF IT. NOW THEY SIMPLY WAIT FOR THE GREEN LIGHT TO TURN IT ALL ON. WE STOPPED POSTING ON IRAQ AND DON’T EVEN FOLLOW IRAQ TO MUCH ANYMORE. NOT THE DAY TO DAY IRAQ. THEY ARE AT THE MERCY OF THE AUTHORS AND IT IS JUST THAT SIMPLE. THEY ARE NOT IN THE DRIVERS SEAT AT THIS TIME. WE ARE NOT AN INTEL SITE, WE HAVE OUR INTEL BUT WE DON’T USE IT FOR HYPE WE USE IT TO FOCUS AND DIRECT OUR COURSE OF RESEARCH. OUR PRIVATE SKYPE ROOM HAS SHIFTED OUR STUDIES TO THE WORLD STAGE, AND WE HAVE BEEN FOLLOWING THE MARKET TRENDS AND FOLLOWING THE MONEY FOR SOME MONTHS NOW. WE HAVE OPEN DISCUSSIONS ABOUT WHAT’S HAPPENING AND WE ARE MORE AT EASE BECAUSE THAT IS AN AVENUE THAT’S MORE PREDICTABLE. AND THAT IS WHAT IRAQ IS WAITING FOR, THE CLIMATE TO BE RIGHT FOR THE DINAR TO MAKE IT’S APPEARANCE ONTO THE INTERNATIONAL STAGE AND DO THE JOB IT WAS SET UP TO DO. WE ALL LEARNED SOMETHING FROM THE SWISS LAST WEEK DIDN’T WE? WE SAW THE ELEMENT OF SURPRISE. WE’RE PRETTY SURE THE SAME WILL BE FOR THE DINAR AND OTHER CURRENCIES. PLEASE STOP LOOKING FOR ANY TYPE OF ANNOUNCEMENTS, PLEASE STOP WAITING FOR SHABBIBI OR ANY PARTICULAR PERSON TO MAKE A SPEECH OF ANY SORT AND PLEASE STOP WAITING FOR CELEBRATIONS BECAUSE I ASSURE YOU THEY’RE NOT COMING. THEY DON’T MAKE SENSE TO COME. WHY ON EARTH WOULD ANYONE MAKE NEWS ANNOUNCEMENTS AND CELEBRATE 1 PARTICULAR CURRENCY? WHY WHAT IS THE POINT AND ESPECIALLY FOR THAT CURRENCY TO BELONG TO IRAQ FOR HEAVENS SAKE. APPLY COMMON SENSE PLEASE. THE NUMBER OF DINAR HOLDERS IN THE USA IS ABOUT 1% OF THE POPULATION SO WHY ON EARTH WOULD THERE BE ANY FANFARE MADE OR ANNOUNCED TO THE ADDITIONAL 99% THAT THEY WERE ASLEEP AT THE WHEEL. COULD YOU JUST IMAGINE THE POLITICAL BLOW BACK. HAHAHA THAT WOULD NEVER HAPPEN I’M PRETTY SURE. NO. THERE IS A CORRECTION HAPPENING IN THE MARKETS AS WE WRITE THIS AND IRAQ WILL JUST BE A PART OF THAT CORRECTION. HOW LONG WILL ALL THIS TAKE? I THINK NOT MUCH LONGER. IRAQ IS TURNING UGLY AND THE SUNNI WILL START TO LOSE CONFIDENCE IF THIS PROGRAM AND PROMISES ARE NOT MET REAL SOON AND AT THIS POINT TOO MUCH HAS BEEN DONE TO LET IT ALL FALL NOW. THEIR PROMISES AND EVERYTHING ELSE IS DONE. I SAY IT AGAIN AND AGAIN IRAQ JUST WAITING AT THE GATE. AND THEY ARE NOT BEING HELD UP BY ANY ONE POLITICAL ENTITY EITHER. POLITICS DO NOT STEER THE WORLD, MONEY DOES. MONEY MAKES THE RULES AND POLITICS WRITE LAWS TO PROTECT THE RULES AND SPEND THE MONEY THE ONLY HOLD UP AND IT IS NOT REALLY EVEN A HOLD UP IS THE ENTIRE BANKING SYSTEM CORRECTING ITSELF. NOW THE MARKETS CORRECTING WHILE WE CAN NOT DRAW A STRAIGHT LINE FROM SWITZERLAND TO IRAQ WE CAN SAY THAT THE AFTERMATH IN ALL THE MARKETS IS REMARKABLE AND THE DINAR HAS ALWAYS BEEN INTENDED TO BE A SUPPORT CURRENCY RIGHT? ISN’T THAT WHAT SHABBIBI SAID IN JACKSON HOLE? THE DINAR IS THE ONLY CURRENCY WITH RESERVES TO BACK IT UP 1.5 TIMES. THAT’S WHAT WE READ FROM THE CONFERENCE THIS WEEKEND RIGHT? CHECK THE BIS WEBSITE THERE IS NO OTHER CURRENCY WITH RESERVES AS STRONG. YOU SHOULD ABLE TO SEE WHAT THE INTENTION FOR THE DINAR HAS ALWAYS BEEN. THE DINAR HAS BEEN UNEMPLOYED BUT IT IS ABOUT TO SHOW ITSELF SOON. WE HAVE SHIFTED OUR FOCUS TO THE REAL WORLD; IRAQ IS JUST HUMMING IN THE BACKGROUND WAITING. YOU’LL NOT SEE ANYTHING ELSE REMARKABLE COMING FROM THEM UNTIL THEY ARE INTERNATIONAL. OUR LINE OF STUDY IS PREPARING EVERYONE FOR THE VERY REAL WORLD OF FINANCE AND MARKETS THEY ARE ABOUT TO BE PLAYING IN. EVERYONE SHOULD HAVE A BASIC UNDERSTANDING OF CURRENCIES AND INTERNATIONAL TRADING AND HOW IT ALL WORKS. SHIFT YOUR FOCUS TO MARKET ARTICLES FROM BLOOMBERG, AND MARKET WATCH AND WALL STREET JOURNAL BECAUSE THAT’S WHERE THINGS ARE HEATING UP AND SETTING THE STAGE FOR THE DINAR. WE ENJOY THIS LINE OF STUDY. COME OUT OF IRAQ AND INTO THE REST OF THE WORLD. IRAQ IS DONE AND PATIENTLY WAITING FOR THE TIMING TO BE RIGHT FOR THE DINAR TO BE USEFUL TO THE GLOBE. WE ARE IN THE HOME STRETCH NOW, BE SURE YOU UNDERSTAND HOW WE GOT HERE. LOVE TO ALL MY LADIES
  9. For you Mtn Goat fans - I thought I'd bring this over as published....for whatever it's worth..LOL..! Please don't shoot the messenger - eat the meat & spit out the bones. Have a Blessed Day...RON Mnt Goat Monday Update - “What we can expect this week” -1/12/2015 (Thank you George for emailing this to D.Recaps.) UU4777 – “What we can expect this week” by Mnt Goat Hi Everyone, Thanks everyone for your kind words. I will always try to be here to help in the effort to bring you the truth as I know it. The majority of you are truly blessed people. Today I wanted to give everyone an update on certain matters as they progress concerning the Iraq dinar revaluation process. I hope everyone also read my last news letters dated 01/09 (LINK) since this is a continuation of this ongoing saga. Please read the entire news letter since it will eliminate much confusion and questions that can easily be answered JUST BY READING THE NEWS LETTER. Remember I am no longer going to reply to email questions concerning issues I just explained in this news letter or any previous news letter. If you are really concerned about your investment you will then be responsible enough to take the time (as I do) to read the news and absorb it. This is not a date and a rate news letter however if you are smart you can see where all this news is heading. Today’s News Today is Jan 12th and surprise, surprise no RV! In my last couple news letters I stated we were in a good window to possibly see the RV from last Thursday thru to Sunday. I based my information on many factors one of which was a targeted “go live” on ISX with international trading. ISX Update I stated this since I knew for a fact Iraq was targeting to go live with the Iraqi Stock Exchange (ISX) global sector and they needed to have a current global rate for the IQD or a rate indicative of a true value to their currency and not this toilet paper rate they have been using since 2003. We heard about the software changes the ISX needed to go global and the needed connections in order to make it compliant to interface with (talk to) the rest of the international global exchanges. We read articles these software links where put in place and later that they were not yet activated (on –hold). Many of the “intel gurus” at this time also though they were going to go live with it (thus needed an RV rate) but were very disappointed when later they found out it was only a planned software rollout and was never intended to be activated at that time. So this caused more hype and disappointment as we also witnessed this past weekend. So what really happened this past weekend? Over this past weekend the plan was to begin trading on this date using the new software links they previously rolled out, as I mentioned above. This was the plan. This was a target they established a month or more ago once they had the new software linkage in place. You see they are desperately trying to sync up events. You have the gov’t on one hand negotiating oil deals, parliament trying to work through needed legislation, the CBI building up reserves and stabilizing the rate, the finance ministry working with the budget and other matters like ISX completion and so on so forth. Lots of hands multi tasking, lots of moving parts all trying to get Iraq completed to meet USA and UN satisfaction. Think of Abadi and the two other presidents as the traffic cops and the catalysts and motivators. Gosh this sounds like real leadership! The are desperately trying to keep things moving along to make forward movement. But at times one hand (a ministry) does not talk much to the other hand (GOI, parliament or another ministry) and only hopes other events they are working on are also completed on time to sync up with their plan. So you understand? So this past weekend we witnessed yet another example of bad timing with the finance ministry with ISX planned implementation. So to pacify would-be investors, over this past weekend the finance ministry came out with a note on the ISX screen stating that trading was to be held up due to the economic reforms now in progress. Don’t know if many realize it but this was actually amazing news. I have translated this note from Arabic to English many times using many different translators and what I present is a rough translation but I think I have it spot on as to what they are trying to tell us. So what does this tell us? It tells us a couple things. One is we now know that the RV is in fact tied to the ISX currency trading of the Iraq dinar going global. So this is no longer just a rumor. Second we know why the RV did not yet happen as planned this past weekend or on the 11th. It’s all good as the glass is “half full” not “half empty”….lol….. Rumor (just rumor for now) that Iraq is going to try again on Jan 15th for the global activation of ISX. They will need an RV prior. Will this happen. I do not see a chance in h*ll of this happening. Just my opinion and I will explain more in this news letter as you see the other items need too. Anbar Update I want to emphasize the situation in Anbar is still ongoing. The governor or Anbar providence has arrived back already from the USA from talks about further support. The USA has obligated many weapons, ammo and most important more advisors (up to 500 more) to assist in the effort. Are they really advisors? My prediction is we should see this Anbar situation begin to wind down soon. Many articles are now coming out about this situation. Anbar is a sore spot for the former prime minister Maliki since it was the beginning of the major peaceful protesting that turned into rioting against his government’s policies. Anbar is where the attacks on 150+ civilians occurred with merciless shootings and “barrel” bombs released from helicopters on the protesting crowds by his security forces and the Iraqi Army. Do you remember this mess? This was the breaking point for the citizens. Soon after this event a list of demands was delivered to the government of Maliki. The number one demand was for Maliki to step down. Other demands included the full implementation of the Erbil agreement and many of the reforms we have seen recently implemented (or planned) since but by the new Abadi government. To make a long story short since these protests, Maliki’s security forces cracked down on Anbar and has had control over it ever since. When ISIS and DAASH infiltrated he gladly turned over the providence to them. This is basically how ISIS got control over this area. It is time to rid ISIS of these terrorist. They soon will be free of them and begin building their own “FREE” decentralized security forces to deal with any improper takeover from the centralized government in the future. This has been the plan for all the major provinces. This is hoped will prevent such centralized power in the hands of the GOI and abuse of the provinces. So this is where we stand currently in Anbar. Mosul also is winding down now and many of the forces defending that providence are to be moving in the Anbar region to fight. These were the two last strongholds for ISIS. Abadi has vowed to rid Iraq of ISIS in the near future and I totally believe he will fully accomplish his goals. These 26 generals too we hear in the news about Amnesty (or lack of Amnesty) demands by USA are involved in this massacre. They have spilt blood on Iraqi countrymen on their hands along with the one on top who gave the orders…..Maliki. Amnesty will not apply to anyone who spilt blood of a citizen. Ongoing 2015 Budget Saga Update As we heard Jubouri and Abadi are constantly pushing to get this 2015 budget done and implemented. For the first time in 8 years they want a budget to operate the government by. The USA is also demanding it. Let there be no misunderstanding. The USA will not complete a currency reform with Iraq until they have a workable budget accepted my the majority (which means passed by parliament). Let me also settle the ongoing dilemma many have in their minds about the budget and RV connection. Let me only state this one more time since I have repeatedly ironed this out already in many of my past news letters. Please stop listening to this other garbage and hype concerning this topic and you will not get confused. You are confusing yourselves ! So here it is one more time: - first of all the budget does not need an RV to be implemented. If they wanted they could easily open the budget now as is and begin spending it at the current dinar rate (1166ish), but it must first be passed by parliament and posted in the Gazette to be legal. There is no RV’d rate in the budget ! - However having said this Iraq would luv to sync up events and pop out the RV in timing for the implementation of the budget but it is not really needed. But the Budget is not the lone event they are attempting to sync up. There are other items too and I have talked about these many times. We now see article 140 is on the hot bed. I will discuss this later in this news letter. Would an RV be nice- yet is would give them much more buying power too on all these upcoming projects scheduled for 2015. - The budget is only being stalled from a final vote based on issues. Part of it was the deficit reductions they required. With the fluctuating oil prices it is making it hard to manage. They already had the two official, required readings. I am hearing they do not intend to have a 3rd reading and will go to a voting session next. This could happen this week and probably will. - Since the second reading, the opposition is nitpicking any early budget agreement and wants to stall it for political reasons. These are of course still Maliki’s goons in parliament, same old tactics from the past. However there will come an end point to these changes and I believe it has been reached. They will not have their way. - House Speaker Salim al-Jubouri, said at a news conference on Sunday that on Monday Jan 12th will be the end of the revisions from the second reading of the budget law. They are not going around and around again with this budget. This is excellent news. - Iraq can do whatever they damn well please with the budget. Investors are not going to dictate to them how they will handle this budget just because they want an RV. They have never officially announced or opened a completed budget in the past but they still continue to operate and pay bills. They might just do the same now in 2015. Who the h*ll knows? We only know what they are telling us and noone has a crystal ball. But if you have some common sense and USE IT it helps to figure it all out. I do not think this old approach from the last 4 years with the budgets is however the path they now desire to take since the USA and IMF are forcing a formal operating budget from them. Jubouri and Abadi are allowing these revisions since they vowed to have a non-sectarian government and so this is proving it to the world once again. However enough is enough and they are about to crack down and complete it. Don’t believe me? Wait you will see. Article 140 Update Excellent, excellent news on this long awaited topic came out this past weekend. I am assuming everyone knows that the article 140 issue is called “article 140” issue because it was written in their constitution in article 140 how to handle the disputed oil rich regions on the boarder between Iraq and its neighbors. Oil is not the only reason though. These contested areas are full of immigrants who settled in these regions, mostly of Kurd nationality. But it is really the oil everyone wants and is concerned over. Also in reality the constitution clearly states how to handle these disputes only they do not yet have any sound legislation to implement for a workable solution in the real world. So low and behold this past weekend president Masuom came onboard and requested Abadi begin to address this issue and get this legislation going. I have been waiting a long time for this news. Why did he do this? He now came out because the USA once again this past week told Iraq this item is still high on the priority list of items to get done prior to completing economic reforms. They will need to form a committee to do this work. I believe we will shortly read about this in the upcoming articles about this new committee and its agenda for the next sessions of parliament. This is something now to watch for and track in the news. This is the last big piece to this puzzle (not the only piece) to get moving on for economic reform completion. In conclusion we know why I have stated they may set a new target for ISX going global on Jan 5th but with these other pending items such as article 140, the budget and still security issues with Anbar, I do not expect to see any announcement of completion of economic reforms in the near future. This Jan 20th date (as I stated many times already) is beginning to look more and more like a new target they now may be moving towards. Personally from the past timeframes to get anything done in Iraq this too is just a target that I believe will come and go. So when can we expect to have an RV? Again I will reiterate that there is only ONE lonely event to get Iraq back in the global international markets. This is to have the USA release the rollout and run the software needed to push the new rates and other needed date downstream to the exchanges. This takes about 1 day to complete at most. Then the rate will be live to the rest of the world. Then Iraq will join the international community. Everything else to be completed is just a matter of conjecture and political demands now being made upon Iraq. This rollout will not happen until all these demands are met. No one has a list. Why does the USA and UN keep stalling the RV? They need stability in that region first. They are going to make a future push into Syria. They are going to clean up this terrorist movement. They need Iraqi bases as a spring board into the other regions. In a nut shell - in order to dominate the region and the overall middle east policy plan completion to succeed, they need stability both on the ground and in the government of Iraq. People like Maliki will not survive. So don't worry about him as his day is coming.They now know this guy has been a ring leader for an entire terrorist network in Iraq and in the middle east supported by Iran and Syria. Do you believe this? The good news is we see almost a total erosion of his power base. They have been plucking his goons one by one. Soon they will be at a point to pluck him too. It is just a matter of time and how they will execute the plan. This is all being worked out with the UN and USA. There is a plan. As a former intelligence officer in the US Army I still keep rolling around in my mind these questions. Why would the USA support Maliki for a second term? Why would they not pull support from him in 2012 when they had an opportunity to deal with him at the request of all the political leaders at that time? How could they let this situation get so out of hand ? Bad politics and bad foreign policy I guess or is it something else? Peace and Luv To Ya All, Mnt Goat
  10. Aggiedad77 at KTFA: "Lights...Camera...Action" - 1/13/2015 Aggiedad77 » January 13th, 2015, 6:16 pm Ok, no one seems to want to bring up what was discussed last night....wonder why.....crazy good news it was....crazy Am I excited...well to put it one way.....YES!! We are seeing the GOI and the CBI coming together.....they have committee work that is going on to tweak the MR (Monetary Reform) or the ER (Economic Reform) which ever you want to call it.....they are meeting, they met last week on Wednesday....that was reported here if you remember..... The CBI is ready....but we know they have been ready for a long time..... .... But now they are ready to do their duty....their platform is ready.....they stand poised.....for once....once....the CBI....the COM....the Parliament and even within the Parliament the Fin Committee are all stacking hands on one thing....changing the MR.....is key to overcoming their economic crisis right now..... So what does this mean....according to Delta, they need to change the currency rate to make this MR happen to deal with the deficit they claim is in the budget.....no deficit no economic crisis.....Delta also believes this could happen any day....and may not drag out to the end of the first quarter. The key here lies with the CBI....as we've said all along the CBI holds the EASY button.....watch what they do....but also listen to what they say.....it will come from them....that is why I believe Frank is saying....forget the budget.....the budget will change when the CBI gives the word....but the message will first come from the CBI.... What are they looking for.....the correct timing and the coordination with the government....well from what we've been telling you for weeks....the coordination with the government has been an ongoing, ever growing process for some time now....the timing is coming....soon. Thanks Delta for the boost of energy brother A and S are making babies....huh....they commingle their very thoughts and actions.....they are becoming one and squeezed in between them is the COM and the Parliament.....wait for it......WAIT for it..... The MR is coming.....the change is coming....it is all being positioned....put into the proper places for the new set.....the MR performance stage....places everyone....lights...camera....ACTION.... It's show time folks....get your popcorn ready. Watch the investors come in.....watch as their economy is boosted....neither of these will happen at 1166....nothing that a program rate can do to promote anything. Bottom line....the CBI is talking....indirectly.....or maybe directly but secretly via some committee work in conjunction with the COM and Parliament and the Finance Committee....they are saying that change is coming....this year. How much more can be said about all of this....exciting times we face. Holy words indeed Frank....indeed. Sorry this has taken so long for me to get out....too many interruptions today around the house. Thanks again Frank and Delta for the call Monday night..! Aloha Randy
  11. A few words and opinions from Frank26 and his people over at ktfa, for those of you who are curious about what they are saying. Please don't shoot the messenger (that's Me) .. LOL..! Have a great Thursday and be Blessed...! Tidbits from Frank26 and KTFA Members Thursday Morning - 07/31/2014 torch123 : My question is.......does anyone believe that Maliki as a PM for the next 4 years is truly a benefit for Iraq...???....or for us, as investors in the country of Iraq...? Frank26: It matters not how I or my TEAMS answer this qt AGAIN because it is not what some want to hear. We have things to share but it would be wasted as some are not ready to move Forward ...... With us. Trust me .......... It is beyond stupidity to have M as PM. But it would be so dangerous if he was not. Why? For reasons unknown to us EVER !!! .... That alone .......... Is something to be very thankful for. May we cast our eyes far away from the GOI and WATCH the CBI. DELTA and I realize we are battling a win less topic so we shut down until M's CC.......... Or Sunday's. With respect ........ For those that believe M will not be the PM ........... Congratulations .... KTFA, Frank ********** Aggiedad77: Well regardless of what I might have thought of M in the recent past.....as being just that...."the past PM"....it looks like I can tell you and Delta something that I generally only reserve for my beautiful bride...... Yes Frank and Delta....you were right! I do stand corrected and will be watchful for things to continue to develop.....just as an example....twice tonight I have seen you make an "or" statement.....to me that speaks loudly of good things to be in the works....maybe percolating as we speak here....who knows....I trust that the Teams know. As for those who appear not ready, I believe that many are just tired of the journey....just as Moses' following grew tired of their wandering, some grew cranky, some just needed to vent, others wanted to take the lead, while still others just decided to strike out on their own....their true faith shaken by what they could not see, by what they could not lay their hands physically upon....Moses never gave up his faith, for his faith was in the Father and I know your faith to be there as well. Blessings to you Randy ********** backdoc » July 31st, 2014, 12:15 am THIS ARTICLE SEEMS TO CLEARLY IMPLY THAT CHANGE AFTER THE FEAST IS COMING AND COMING TO STAY !!! IT DOESN'T IMPLY THE SAME O SAME O. DOES FLEXIBILITY MEAN INCLUSIVENESS ????? MMMMMM Abu tirelessly: Change holds inevitably after the feast Agency eighth dayJuly 30, 2014No BAGHDAD - ((eighth day)) Predicted a coalition of citizen political blocs that show great flexibility in the dialogues after the Eid al-Fitr, pointing out that "change inevitably holds." A spokesman for the coalition of citizen eloquent Abu tirelessly today, "We hope that the Eid al-Fitr festival is better for the Iraqis, and that will be the beginning of a phase of real change for the better called by the supreme religious authority." He added that "the political blocs will show great flexibility after the feast because the current stage dangerous and critical periods of constitutional closer." He pointed out that Abu tirelessly to "change inevitably holds. And conducts dialogues between the political blocs and intensive meetings in order to expedite the resolution of the names of the three presidencies. Referred to the House of Representatives had raised its chosen by the President of the Republic to the fifth of next month, at a time in which he called the President of the House of Representatives President commissioned the largest parliamentary bloc to submit its candidate for prime minister. http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2F8th-day.com%2F%3Fp%3D48845&sandbox=1 *********** Moneytalks1: The real bottom line is when we can cash in or exchange our dinars. It definitely won't be in the month of July since tomorrow is the last day. Let us hope it is August. One thing for sure-things are happening at a very quick pace. Soon, the CBI website will show what we have been looking for!!! Thanx. ********** maoakes12 » July 31st, 2014, Brics Bank: This is great. It is time someone is challenging the Fed.,which is nothing but a Satanic organization keeping people poor across the world. Henry Ford stated in his hey day that if the people knew what the monetary system was in the US there would be a revolution today; not tomorrow. Sock it to em Bricks. ********** walkingstick » July 31st, 2014, The Brics bank is a glimpse of the future David PillingBy David Pilling If the postwar order is being upended, the right response is ‘hear, hear’ Thirteen years ago, Brics was a marketing ploy dreamt up by Jim O’Neill, then chief economist at Goldman Sachs. Now it is a bank. Next thing you know, it will have its own line of designer handbags. This month in Fortaleza, the five Brics nations – Brazil, Russia, India, China and South Africa – agreed to establish a development bank. They also set up a $100bn swap line, known formally as a contingent reserve arrangement, a deal that gives each country’s central bank access to emergency supplies of foreign currency. To borrow a phrase from Anton Siluanov, Russia’s finance minister, the five countries are attempting to conjure a mini-World Bank and a mini-International Monetary Fund. The Brics’ plan is good for the world, although you would not know it from the sniffy reaction in the west. There have been two default positions. One is to scoff at the very idea of five such disparate nations organising anything coherent or staying the course. The other is to worry that the world order reflected in the two US-led institutions set up at the Bretton Woods conference of 1944 is about to crumble. It is indeed a minor miracle that five countries whose initials happen to form a catchy acronym have so quickly gone from Brics to a bricks-and-mortar bank. This is a reprimand to western-led institutions that have failed to adapt. If the postwar order really is being upended, the right response is “hear, hear.” The new Brics bank, which will fund infrastructure projects, will have initial capital of $50bn and maximum allowable capital of $100bn. Each country will pay in $10bn, giving them a theoretically equal say. The bank will be based in Shanghai, a sop to Beijing, which clearly intends to wield influence. Yet the presidency will be rotated, starting with India. China will not have a turn until 2021. By contrast, the five countries will contribute to the CRA swap line according to size, with China pitching in $41bn to South Africa’s $5bn. The contingent reserve is a safety net for times of financial stress, for example if one country’s currency comes under speculative attack. It is modelled on the Chiang Mai Initiative, a $240bn Asian currency swap arrangement concluded after the 1997 Asian crisis when the region’s proposal to launch its own IMF equivalent was squashed by Washington. The Brics bank, too, was born of frustration. The IMF in particular is disliked in much of the developing world. In the 1990s, its rigid adherence to market reforms led many to see it as an instrument to keep poor countries down, not to lift them out of poverty. In Asia, it is regarded as hypocritical. In 1997, it insisted on ruinous austerity in countries such as Indonesia. Following the 2008 financial crisis it has happily embraced monetary and fiscal laxity in the west. If the IMF has changed its spots it has not changed its structure. Its quota system, which determines what each country pays in and how many votes they are given, fails to reflect the reality of a changing world. The Brics nations, which account for more than a fifth of global output, have just 10.3 per cent of quota. European countries, by contrast, are allocated 27.5 per cent for just 18 per cent of output. To add insult to injury, the IMF presidency is reserved for a European, while that of the World Bank routinely goes to an American. Reforms were agreed in 2010 that would have doubled the IMF’s capital to $720bn and transferred 6 percentage points of quota to poorer countries. That this did not go far enough is a moot point. The reforms were never ratified by the US Congress. From the Brics’ perspective, the global financial system is stacked against them. Raghuram Rajan, governor of the Reserve Bank of India, has accused rich countries of pursuing selfish policies with no thought of their impact on emerging economies. The fact that the US Federal Reserve, without warning, announced plans to “taper” its bond purchases showed it was willing to turn the monetary spigots on and off even at the expense of turmoil in poor countries. One reason to welcome the new bank is that it will bring competition. China’s lending in Africa has drawn valid criticism that it is not tied to good governance or environmental standards. Yet the presence of alternative Chinese funding in Africa has been a net positive. The same should be true of the new Brics bank, given the huge number of roads, power plants and sewerage systems that need funding. “Any new institution that is adding to long-term capital has to be good for the world,” says Urjit Patel, deputy governor of India’s central bank, who was in Fortaleza. The new bank is no panacea. As critics point out, it is relatively small. Ben Steil and Dinah Walker of the US-based Council on Foreign Relations note that, between them, China, India and Brazil have borrowed $66bn from the World Bank alone, more than the entire subscribed capital of the Brics bank. Similarly, while the idea of conditionality can be overdone, it would not be a good thing if the new bank lent willy-nilly to dictators intent on ransacking their countries’ natural resources. Nor is the Brics bank necessarily as democratic as it makes out. Its articles ensure the founders will never see their voting rights drop below 55 per cent, no matter how many countries join. Still, the Bretton Woods institutions reflect the realities of a receding age. The world has changed, mostly for the better, as poor countries close the gap on rich ones. The Brics bank encapsulates this. It is a glimpse of the future. http://www.ft.com/intl/cms/s/0/f7b876a0-170e-11e4-b0d7-00144feabdc0.html#axzz3939w40ai
  12. Mnt Goat Wednesday night post emailed to Dinar Recaps - 07/30/2014 (Thank you George for emailing this to D.Recaps.) UU7733 - Candidates for the Prime Minister are announced Hi Everyone, I come to you today to give you a recent update on the election process and how this relates towards the international rollout of the IQD for Iraq. The news was so overwhelming and just pouring out of Iraq. This is a time of great anticipation and expectation not only for our ability to finally exchange our IQD but also for the people of Iraq. They too have been waiting but a lot longer than we have. Don’t forget they had more than 20 years with Saddam and then that last 10 years of war. occupation and Maliki. When is it all going to settle down for these people? When will they finally see some resemblance of peace and prosperity? If you have not read my previous news letter from Friday 7/28, I encourage you to first read it. Today's news letter, as in all my news letters, is a continuation of the ongoing saga of the IQD RV process. Today’s News It is Wednesday 7/30 and all the news from Iraq is very, very good. Very good for the people of Iraq and very good for us investors. Today the MP for the Liberal bloc, Riad al-Saadi indicated that the National Alliance has five candidates for the post of prime minister while noting that the outgoing Prime Minister, Nuri al-Maliki, withdrew his candidacy for the post because of political pressure. I got to tell you I waited to write this news letter today since I was not sure if Maliki did in fact withdraw his candidacy. The “super bloc” worked. I do whole heartedly believe that Maliki finally turned in the white flag of surrender due to this new political "super bloc". Over the last couple months we have already heard on three different occasions when he had resigned, then he was back in politics, then he withdrew his candidacy again, then he was back in politics again, then resigned again. So what is it? So after talking to many of my sources I have come to the conclusion that in fact he would still like to have a 3rd term, if possible, but under political pressure he did finally withdrew his candidacy early today. This is not rumor (at least for now….lol….just kidding....) So who are the candidates for PM? As I have said in my last news letter from Monday 7/28 and from previous recent news letters, that when we finally get the list of candidates for prime minister from the National Alliance bloc, the actual voting in parliament is not very far away. I still believe that they will take the final vote prior to Aug 5th and they will seat and announce their new prime minister to the world. It is not done until we actually see it announced to the world and on public TV for all to see. So we are now in a 6 day window to see this happen. It could literally happen any day, like maybe tomorrow. So today the names of the five candidates were revealed to us as follows: 1) from the largest bloc in parliament (180 seats out of 328) the National Alliance are: Ahmad Chalabi and Adel Abdul Mahdi 2) from for the State of Law coalition: Hussein al-Shahristani and Hadi al-Amiri 3) from the Mass Reform bloc Ibrahim al-Jaafari, I believe the most likely to win due to his support from all the parties outside the National Coalition is Al Jaafari. We wait and see how it turns out. Note Maliki’s name was not presented as a candidate. The Continuing 2014 Budget Saga In past news letters I mentioned that Jubouri, the speaker of parliament, instituted a formation of a temporary committee by the House of Representatives, to work on the budget. This committee included 17 members, headed by Salim. This legislation has become an immediate necessity. Today Iraq parliament sent a modified version of the 2014 budget bill from the committee to the federal government for approval. Next it was sent to the House of Representatives for approval. Mainly the past differences and issues related to this 2014 budget has been between the governments in Baghdad (GOI) and Erbil (Kurds) on the export of oil from the province of Kurdistan. Mainly it is from how much revenue Kurdistan will be granted from the sales. I have to tell you that 7 months ago, when discussions first began on this topic, there should have been no dispute since the percentage of revenue going to the Kurds had already been spelled out and agreed upon, long time ago. Now they only want the GOI to live up to the past agreements. Why do I keep mentioning this budget? So today the really good news is the budget approval has happened in parliament after the members agreeing on all points. This new budget was agreeable to members of the parliamentary bloc of the State of Law and the agreement made with all the political blocks in the House of Representatives. Folks we had a passing of the budget for the year 2014. Hurry ! Finally ! Do you remember that I also told you that the RV is not dependent on the budget being passed but the budget needs the RV prior to opening it and spending it. So I said that when we see the budget passed, the RV will come very soon afterwards, if not just before. We are soooo close to an RV ! Summary So today’s news is all very, very good news. These two tid bits (indicators) of news today are extremely important and we have been waiting for this news. We have been waiting all along to see these signs that we are very near to getting the final rollout of the IQD to international. Ramadan is now officially over. Eid al-Fitr the last day of Ramadan, a festive day and so it too is also over. Will Iraq now finally complete the formation of their new government? There is one last step to complete it and that is to announce the prime minister. I was told they will complete the new government within days if not hours after the holiday. There are many that say they want to roll this RV out by end of July. Today is July 30th just one more day to the month of July. I too believe this is true. It has been stated many times since January that this is a target in many articles. I have not heard Iraq say it will be delayed. Can they do it? They seemed to have missed most deadlines/targets in the past and always find a way to deal with the consequences. I am optimistic they will complete it this time. We are soooo close. I want to emphasize once again this final announcement of the IQD going international will not happen until the USA feels the Iraq government is stable, non-sectarian and is a functional government. This is has been the plan all along. They may have wavered a bit on how the plan was implemented but the overall plan guidelines have not changed. Peace and Luv To Ya All, Mnt Goat
  13. Eagle1 Update Emailed to Recaps Saturday 2-1-14 02/01/2014 (Note: We received This Eagle1 Update via Email on 2-1-14..We do not know the date he wrote this however....Thank you) Quick GCR Update Hi, Everyone: Just a few updates to add to the notes I sent out earlier. The last few days have been filled with some interesting events behind the scenes. We’ve seen the Bank of Baghdad begin selling its stock shares on the ISX at something like $7.19/share. The hilarious thing is that on the Iraqi Stock Exchange, the shares list at 2.09 IQD. When you do the math, it works out to $3.44 per Dinar. That is consistent with a report that came from a Senior VP at Chase who reported to us yesterday that he was seeing the new rates for the GCR on his administrative screens. The Dinar was listed at $3.44. This is a revalued figure we have been seeing since shortly after I had a sneak peak at the Iraqi Budget in the Spring of 2013. You may remember that I calculated the RV of the IQD on the basis of taking the projected income for the year against their projected expenditures. The number at that time was a fraction of a penny under $3.42. It appears they have pretty much maintained that number. This is not an RV of the IQD: this is an RI (or an approximate reinstatement of original value). Although there have been suggestions that the number may actually come out closer to $3.50 with the objective of achieving parity with the Kuwaiti Dinar, it appears to me at this moment that we may have to wait to see a higher value for the IQD. The news has been full of reports of China’s largest bank(s) defaulting on their obligations for the first time in history. My sources assure me that while there have been some issues with some of the banks in China, what we are seeing in the news media is a bit overblown, and it reflects some “housekeeping” issues that are being taken care of. We really had expected the GCR to be released early this morning so that the numbers would be available globally in readiness for the Chinese New Year, which begins tomorrow. It seems that from a technical standpoint, this may have actually happened behind the scenes, but we won’t get to see the numbers on exchange screens at the banks before Monday/Tuesday, depending on whether the GCR is released to FOREX at 5:50 PM Eastern on Sunday night, or whether they wait until after Midnight Eastern. If the GCR is delayed until after Midnight Sunday, based on my past experience, I’d have to say that we will not get to do any exchanging until Tuesday morning when the banks open. I’ve been told that Tier One banks (prime banks in large cities, e.g., Dallas, Houston, Chicago, SF, Reno, NYC, Charlotte, etc.) have been instructed to begin releasing 800 numbers to their bigger clients so that they can begin to make appointments for large exchanges in highly secured locations. At the same time, the smaller, regional banks (Tier Two) are due to follow suit 24 hours or so behind the Tier One banks. A caveat, however! This report seems somewhat foggy at the moment, and I have not been able to confirm this yet, even though one caller reported to me that she had received her 800 number. We shall see. I know that many folks are under enormous stress financially at the moment, and every delay seems to cause even more concern. All I can say is to be at peace! A few years ago, the Lord gave me Philippians 4:7,8 as a song, and we have been singing it a lot lately: Finally, brethren: whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure; whatsoever things are lovely, whatsoever things are of good report; it there be any virtue, any praise, think on these things! And the peace of God, which passes all understanding, shall keep your hearts and minds through Christ! That’s the counsel I’m giving everyone at this point! There is a tendency to doubt, to be afraid, to be tense, to worry and fret and wonder if we’re going to lose everything. That’s NOT what we are to focus our attention on. When we do, the only one who gets hurt is us, and we lose our peace. One of the things Della and I have learned throughout the years is that you CAN lose everything and not be hurt. If you lose it, watch God restore what was lost and multiply things back with a level of multiplication you can’t even begin to fathom! Blessings on you. Eagle1
  14. IQD Rate – 2nd Sunday Update From Baghdad Invest .. 11/10/2013 Earlier today we posted confirmation of the rate being released any day now at approximately 1 IQD to 0.60/0.64 USD This has been met with much dissatisfaction, would presume 10 years down the line you would be happy with some kind of action. We would like to stress however once the reset/revaluation has taken place that does not necessarily mean it will stay at that price. As with all currencies, they go up and they go down. The Iraq Dinar exchange rate will be no different. It will get stronger some days and on other days it will get weaker. On the grand scheme of things it wouldn’t be unwise to predict the rate getting stronger once it has completed it’s process to revalue at 0.60/0.64 USD. A little like an IPO listing on the stock market, it has a good chance of going up. For example the Twitter IPO listed at $26 per share and now finds itself trading at $41.65 Some would argue Twitter had it’s shares priced below market value but we would argue it is prudent to do so as you never know how the market will react. Iraq has one shot at getting this right. If she prices herself too high and then enters a period of devaluation over the many months that follows, it will not have the desired effect of kick-starting the economy thus making the whole exercise a complete and utter wast of time. With the potential that Iraq has, we have one of the world’s fastest-growing economies; it expanded by 9.6 percent in 2011 and 10.5 percent in 2012. Our oil production has increased by 50 percent since 2005, and we are expected to emerge as the world’s second largest energy exporter by 2030. We are reinvesting our energy revenues in rebuilding our infrastructure and reviving our education and health care systems. Who would bet the IQD will not strengthen? 0.60/0.64$ with the IQD getting stronger as the weeks and months go by. We have no idea what it will eventually get to, nor are we interested in pursuing the future rates. We will be thinking about the next step once step one is complete. Please understand Iraq must do this right. Iraq must serve it’s people not the foreign interests. As such pricing the IQD right will be beneficial for all in the long run.
  15. Just for your info for those interested. Please don't shoot the messenger. TNT Tony Wednesday CC Recorded Link & Notes - 09/04/2013 REPLAY 805-399-1500 409029# BlogTalkRadio RECORDED LINK (Notes from FlPatriot59 at I4U Chat:) TONY - Good morning everybody! T - First, let me give an explanation for yesterday's problem. Yesterday we started using new numbers (high capacity) and our boards kept freezing up. Free Conference Call told us we are the first to hit 5,000 ever and we had over 13,000 on the call. They don't have an answer and have never had anyone meet that high capactiy. So they're working on that problem. We decided to switch and have the call-in line and use the radio to listen. T - yesterday we did the call late for personal reasons, as well as we were getting info that would have been exciting for you. But the info today is exciting as well. Some said I sounded a little guarded yesterday and it was a different call. Don't let the troublemakers cause problems here, just ignore them. T - don't forget that over 13,000 people trying to get on calls, plus the PC folks, are getting info for free - they're not paying for it. T - Let's enjoy our site and be a family. Other sites bring in thousands every month; we do get donations in but not like the other sites. We are free and we're going to get the newbies who don't know what's going on. Remember, you were a newbie once, too! I think we're the best site because we're adults and we respect everybody T - I'm going to tell you what you really want to hear: people are at the banks, they were told to be in at 7AM and others at noon today. More people than have ever been in the banks at one time are there right now. Maybe they're testing their alert systems, etc. Cash-out centers are fully manned today and they have been disbursed to their individual banks today. I've heard that from every level ALL OBSTACLES have been removed and is ready. Now we wait. T - Never have they done what they did today: brought EVERYBODY in. The rates are showing up on the boards. Unfortunately I can't tell you if the teller can see them, but the ones who need to see them can. They are still in the high double-digits, tho not sure how high when it's live. But you'll love it regardless. Everything is a "go" at every level. There are no known obstacles - it has been removed from the political side. T - there is a plan for when it goes live - a definite number of hours from when it goes live until you can go in. It is the same day, even if it opens up at midnight. T - the tier situation is still there for one particular bank, but I cannot tell you what they are. I don't want you buying IQD to reach certain tier levels. I'm excited, really excited about today. After 3AM last night we heard the time for today and it's coming up! Q & A STARTING: C = CALLER | T = TONY C - Why is there so much prestige to be the first to announce the RV? T - there is absolutely none and I'm glad you asked. My real honor would be to get the word that it's live, but if not I'd love to call Okie and let him announce it. He's trying to do the best he can do and I don't think he's ever been malicious or tried to take advantage of anyone. I'm going to call him before I send out the text to everybody. That's my plan. Everybody has worked hard and we all deserve it. I'm not dealing with egos. I don't care who announces it. C - how many numbers are we going to get to call for an appointment? How are the others going to know who aren't in a group? A - 3M people won't be calling in. They won't be all calling at one time. The word will spread slowly. There will be no news announcement. The banks are ready to go and they know we are on the internet and the boards will start calling right away, then it will go viral. But 3 Million peeps will not be calling in the 1st hour/day. C - people need to remember that without the USA, no one would have dinar. T - this opportunity to save our economy has evolved to save the whole world. Good people have lost their lives over this. CALLER - Bank Story: "This morning I went to my bank for unrelated bank business. My private banker knows I have IQD and her family has it, but she doesn't. She asked how the IQD was going and I told her we were just waiting. She called a private wealth manager over and I told her I had IQD, VND, IDR. Then she called another suit over who asked what I had. I told them both I was planning to CE at WF as part of a group. They said "NO!" This is your home - Chase - and we are bigger than WF. I have a 100K note in my purse and showed them. They took it to the teller who checked the rate: $4.25/25K. They told me it's close and they would call me, rather than me calling WF. I want all to know it's coming, it's here, and I can hardly wait." C - you addressed a question yesterday about forcing a rate to come out, so I'll ask it again. It seems some folks get to this point when hedge fund people are willing to buy you out for half of what it's worth. T - Some people have gotten SKRs and bank loans against those SKRs. But not all are supposed to know about it, since you can't do anything about it anyway. I got calls that people are CE today at $5 in Vegas because they know what's going on today and tomorrow. C - BANK STORY: went to my banker yesterday and my Personal Banker said they are very aware of what's going on. Even at BoA the banker mentioned to me that a lot is going on when before they previously had never mentioned it. T - I want you to know that we've been hearing this forever and we knew there was negotiating room. A WF rep offered me 3.44 two months ago; BoA offered me $8 when it was saying it would come in at 3.44, and Chase said he'd pay higher right out the door. I personally like Chase because they do more IPOs than any other bank. C - why would these people offer to buy your IQD for $5-6 when they can buy from dealers? T -I know a guy who put in multi millions, had to get dealers approval, then banker, huge deal. maybe easier to offer you $5 & then write a check tomorrow C - what about the good guy/bad guy scenario that Mtn Goat mentioned (low rate = good guys, hi rate = bad guys won)? T - everyone wanted a high rate but we are the ones pushing for it. If we do what we're supposed to do then we get the high rate. If it comes in low then it means they got tired of waiting and pushed it through. Right now I'm still hearing double-digits. T - Post-RV the USD will go down and the economy will take a hit. During that time if you don't know what to do you will lose it. You need to be smart about it - put 50% aside for taxes and put 25% for personal spending. C - is this going alone (IQD) or is the GCR? T - I think we'll see the GCR. C -anything about the VND and IDR? T - yesterday teh VND was $3 but I haven't heard anything about the IDR. But eventually it's supposed to be over $1 - eventually! C - what about the 30 day CE limit - still in place? T - yes, as far as I was told. The reason is to thwart the terrorist and smugglers. C - Any info about the currency traders in Canada? T - I only know about one currency trader in Canada. But there's a thread in the Forum for our Canadian friends. TONY IS READING Q & A HE HAS RECEIVED VIA HIS MODS..... Q - what will the RV do for the commodities market? A - don't know but they should be getting advanced notice about this. Q - what is the criteria for the IMF to push the button? A- as of this day all are in agreement and we are in the next level of readiness. The only higher level is the actual RV. T - yesterday we were told all systems were "go" and the info today is "it's on the way." We just await an authorization code at the bank level. Q - Question about FRN, co-mingling currencies, etc.? A - all other currencies, except the IQD/IQN, are FRN. The IQD/IQN will be treated as UST notes. DC said to keep them separated! They are trying to set up a 1-2% tax for the IQD and the rest will be taxed at 39%. We're not sure how it will work but sound info says to be safe rather than sorry and keep them separate. Q - Wait until the CE to open an account? A - Most PG/Wealth Mgrs will have you set up new accounts so tellers don't have access to them. They will help you do all of this at the time of CE. You really don't need to set up accounts ahead of time. "LIVE" Q&A RESUMES NOW...... C - Do we know what the pre-tax amount will be? T - no idea, don't know it's going to be taxed. C - thanking the mods, montana setting up Vegas, t-shirts, etc. C - If it takes 30 days to get it done and we end up with a $25K note after 30 days, will it be null and void? T -that's what they're saying. Unless you take it to Iraq, no one can walk around outside our country with large bills. In order to cut off the smugglers and terroriets, they have set 30 days. C - If it comes in at 3.44 will it float after 30 days? T - no it will float much quicker than 30 days. A bird in hand is worth 2 in the bush. You need to make a plan and decide how much are you willing to gamble with: take what I can get now or wait until the last day and risk not getting processed. C - banks/brokers have same rates? T - banks initially had more negotiating power, depednding on the rate. With double digits they're telling us they won't negotiate. Some banks have trained people to not let their customers walk out with their IQD. Depends on their negotiation skills. C - question about banks: do you think there will be a list provided with bank names and locations? T - no, we won't have that list. All we can do is tell you the banks that are exchanging. Each bank will have an 800# on their website for you to call. The only way to find the exchange centers is when they (the banks) give it out to you, based on your location and how much IQD you hold. You'll have to go thru the bank to get that info. C - what about the rate of the rupiah and the dong? what time of the day do you stop looking for the RV? Is there a certain time? Is there something that could stop it today or this week? T - the rate of each currency is based on the country's resources, minerals, assets, economies. That is what sets the rate - it has nothing to do with one compared with another. I look for it from 1AM - 5AM EDT. That makes a lot of sense to me, with CBI and prayer times. Banking people look for it from 2PM -6PM EDT evenings. Those are the 2 optimum times we look for it. There is always something that could stop - I don't know what it could be at this point, but there's always something until it's done. All we can do is give a window. T - You guys know I talk to a lot of people on a lot of different levels in different countries. I was talking to one earlier today and said that we can't tell everything because some are not ready to receive or understand everything. Info coming from the 4th floor is different from what comes from the 10th floor. I have to get the info from the different floors and put it all together. T - they are all on standby or called in and are hearing 1 or 3PM. When I get the same info from 2-3 of them then I report it to you. I can't get mad at them because you don't hear what I know and I can't tell you what I'm hearing from sources. When people get frustrated because things can't be proven, it's not about proving anything until the dinar RVs. It's all about info as it's going on. You are here for info to find out about the process and hopefully learn a lot. C - I'm from Canada and I have learned a lot about this and world events. Do the bad people really need or want your money? T - let's explore that. If the bad people own the Fed Reserve, actually much more than the Fed Res. Let's say they own a portion of the CBI for countries as well. If these people are the omes who are putting the GCR together, why do you think they need our money anyway when they own everything anyway? If we weren't supposed to be here we wouldn't be here. They can change the laws. Not to say individuals are lower levels are not trying to make money off you, but the PTB in the big picture are not. C - I am Canadian and am wondering what do we do since they ask at the border if we cross. We live on the Michigan border. T - read the Section in the Forum for Canada. C - was snoring loudly. C - what are your top 5 currencies we should be looking into? I'm looking at the Colombian Peso, Indian Rupee, Turkish Lira, and Mexican Peso. T - the rupee is the only one on my list. The real RV for the Zimbabwe series B won't come until January 2014. C - What makes you more positive than in the past? T - this should've gone several times. The only thing different this time is that I get all the banks on the same page. The C/out centers, security, 3-letter agencies, etc. all telling me the same time. Those are the things that build my confidence. Right now everybody is giddy and they've never had that many people together in the daytime at the same time. Something is going on. Could it still not go? Absolutely. But they're gearing up for something, getting everybody in today. I've gotten info giving me 3-4 separate times all in the same window, given to me by different peeps. T - it's not just bank info and not just US info. That's what I'm saying - they've all come together and are all on the same page. They're ready. C - what is the difference between putting money in NIB accounts and interest-bearing acccounts? T - I don't know. We can get a banker in here to answer that. C - they changed the rules 1-2 months ago and now they're the same. T - If the rule changed recently then I don't know if there is a reason. If the USD is adjusted we were told CDARS would be adjusted accordingly. i don't see us taking a haircut like Greece anytime in the near future, especially when the RV happens. We'll have enough to pay off national debts with the RV. Why would you want interest on your money if it's not protected. C - $10 mill in bank and they offer you 1% it would be an insult when they are loaning it out at 17%. T- and they are making 1% overnight. C - would you CE with WF or another bank, or with Sterling/DB? T - if the rates were the same if wouldn't make a difference. I would call, put in an order and be done with it. No lines. They will be competitive with the public bank rates and won't negotiate. I've always been comfortable with DB/Sterling. With the banks, I like Chase because of their IPOs. BoA offered me $8 out the door. It's all about the money - how fast can I get it and put it to work? T - Am I confident about DB? Yes, I have no problem with them. C - you mentioned CDARS and most don't know what that is? Would you open a CDARS account? T - it's not for me because I've lost a lot of money letting others investing for me. Nobody can take care of my money like I can. But that's not for everybody. T - I have a personal problem with bankers/wealth managers telling me how to make money when their own boss did not trust you to tell you this program was here. C - never let a broke person tell you how to get rich. C - You mentioned 2-6PM and 3-5AM. Are those EDT? T - Yes. C - We've been hearing about Baker and the Admiral in Reno. Who is this and is it real? T - I have known who the Admiral is and we laugh about it. I've talked to him on several occasions. Why would the entire world wait for a single man in Reno to get paid before we could CE? C - I've given out several gift letters and want to know about what instructions to give? T - they're all sitting in one room and I'm presenting to them. My big thing is "this is what I have and what I'm doing with it - you do what you want to do and when it hits zero it's done." I'm going to layout the same plan: 50% for taxes, 25% for bills, 25% for investment. Don't forget your 10% tithe off the top. A $100K IQD could be over $1M, based on the rates I'm hearing. These folks will start helping others and then they go broke. It won't last forever. T - I'm going to leave you with this today: I am excited. I am looking for something to happen shortly, whether it's today, tomorrow, or by the end of the week. I'm hearing from multiple sources worldwide the same timeframe. The system is completed and a human factor is all that is left. We could be doing another call later today, so look for nothing but good things today. END OF CALL!
  16. BondLady's Admin Lightingcslt Chat - 09/04/2013 Subject: BLC Administrator lightingcslt Chat 9/4/2013 [lightingcslt] good morning all, you all got a minute? [tlm724] lightingcslt you bet !!! [lightingcslt] ok let me get started then [poopsie] lightingcslt gm yes [lightingcslt] first off I want to tell you all that I am not a guru. I come in here swaying you all to get ready to march. Why ? because we are as close as we have ever been for this investment to come to realization ! We read articles everyday which is good and bad, they bring us up and bring us down. That's why I'm here to tell you and joke with you to give you that spirit of just how close we are - now first off I want to thank my wing man therealbubbie for finding this for me [lightingcslt] On Thursday, the 15-memebr body agreed that the issue of missing Kuwaiti people, property and archives should be handled under Chapter 6, instead of Chapter 7. Chapter 6 of the UN Charter urges peaceful resolution of any conflict between the countries, while Chapter 7 authorizes the council to allow measures such as sanctions or military intervention if countries do not meet its demands. The council’s resolution recognized “the importance of Iraq achieving international standing equal to that which it held prior to (1990).” The decision is regarded as a major political upgrade for Iraq as it struggles to restore its international status a decade after the US-led invasion toppled Saddam in 2003. Iraqi Foreign Minister Hoshyar Zebari praised the council’s move, saying the move heralds a new start for the ties between Iraq and Kuwait. “This is a new beginning for the relations between our two neighborly and brotherly countries. This is an example for other countries also to resolve their disputes and differences through peaceful means,” he said. UN diplomatic sources say the only issues regarding Iraq's invasion of Kuwait which remain under Chapter 7 are an arms ban and the country’s payment of USD 52 billion in compensation to Kuwait. Iraq still owes USD 11 billion to Kuwait. It hopes to settle it by 2015. LINK [lightingcslt] The council’s resolution recognized “the importance of Iraq achieving international standing equal to that which it held prior to (1990).” [lightingcslt] SEE THIS? have you forgotten about this? Now to be internationally recognized they have to have an international currency. Now the reason I bring this up is because of what I have been thinking about in the last few days. First off no links to support what I am about to say. I will tell you last night I scoured the internet looking for anything that would back me up on what I'm about to say...... what if, just what if they have a deadline to make their currency such a thing, international recognized ? why not? Contracts all the time have 90 day periods in them, when you get hired on by an employer you are on a 90 day trail period. So why not a country being let out of a big deal like chapter 7 NOT have the same time period ? So if I'm assuming right when is there 90 days up? [therealbubbie] sept 27th ! [lightingcslt] right sept 27 and we all know how Iraq does things at the last nano second don't we ? just my theory folks don't know if its that way or not but something to think about for sure. They can not be an international tradeable country with out a currency for much longer. That's why I keep telling you all this is going down and its going down soon ! lights out [tlm724] lightingcslt tyvm and point well made ! [rsp1] Thanks for your thoughts, light. [mathews99] lightingcslt ty I hope you are right [therealbubbie] lightingcslt wadi wadi !! *hallelujah* [lightingcslt] mathews99 I am right about it going down [lizajane] lightingcslt I like your way of thinking [beekeeper] gm lighters and ty [lightingcslt] beekeeper gm and ty [rsp1] lightingcslt ty ! certainly worth thinking about. [lightingcslt] rsp1 yes, yes it is !
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