KAP RECAP 3

[SWFloridaGuy]

7-10-2012 Kaperoni: Its been an amazing week with all the CBI articles. Iraqi citizens will be forced to turn their dinar into the banks which will not only force them to get bank accounts but also address counterfeiting. Don't listen to these guys talking about bank screens or high rates. This is a process, not a single event. It's a collection of events. In order for the dinar to have value a series of events have to take place that complement eachother. For example: The IQD cannot simply RV when they want to, it's not that simple. The CBI needs to accept article 8 in the IMF to make the currency internationally recognized. In order for Shabibi to do that, he has to have a plan for the dinar. He knows what was sold out of Iraq and again that's another process. The CBI stated months ago that they want the Central Banks to hold it as a reserve currency, which solves that problem. He has to know that there is a desire for the IQD to be held by those central banks, to trade it, create a market for it and cause the dinar to rise in value. They will create a market themselves by using equity capital markets (ECMs).

A large account of electronic dinar will be sold to the central banks around the world. The central banks will buy and sell amongst themselves and Shabibi will set the price based on demand. That daily buying and selling will drive the price up. He has to create an initial (staging) rate. A rate that not only accomplishes what he want to do within Iraq but will be substancial enough to convince dinar holders to cash out our dinar into this dinar pool. When we cash out it will go into an electronic format and back to these ECMs, which will then sell it to these central banks. That is why they could NEVER Lop this currency. If they did, there would be no motivation and nothing to encourage us, as dinar holders, to cash out. A Lop would also make that pool only worth about 10 billion because the rumor is there's about 10 trillion dinar outside of Iraq that needs to be drawn in and sold. If you Lop it, that's not enough for it to become a reserve currency around the world. The CBI's own foreign reserves are 60 billion so it doesn't make sense. Shabibi needs to know who will create this dinar pool, from a company standpoint. It's not going to be through US banks or the Fed. Shabibi has a responsibility to develop his own country's banking sector, stimulate his own banks within Iraq and get Iraqis to participate in the banking system.

Deposit their dinar and get involved with the current technology such as cash cards etc. So, Shabibi has a lot on his plate. He also needs the GOI to be stable. That stability will help him raise the value of the dinar over time by pricing the dinar for the central banks as demand changes. There are many things of concern and not one single event but many events tied together to get to the point where the RV can take place. I can tell you that they have been preparing this for 11 months. Last September the CBI announced that they wanted to make the dinar a reserve currency and that was the first time we'd ever heard that. They have been getting everything set up to support the IQD that is outside of Iraq. The RV can NOT come out at 3+. I don't care who you like listening to, I don't care what explanation he gives you, there's no chance it can come out at 3+ because the central banks are going to be buying and selling it and Shabibi is going to be pricing it and therefore it has to come out at a stage rate, at which there is room to grow. The rate will rise over time as Iraq proves to the world they can accomplish what is expected of them. They need to get into the WTO, they need to privatize their companies, they need to get the ISX on an international level, increase employment, decrease poverty, then the dinar will become a more attractive currency and the value will improve.

The CBI has been working for years behind the scenes to restructure the banks. The World Bank has been funding the reforms and has been orchestrating the process including the RV. Iraq is trying to pass new economic laws, including the new ISX law and preparing for custodial banking which means anyone in the world can invest in the ISX through these custodial banks. Now here's where it gets exciting, the CBI has stated in the last couple weeks that all preparations are done. That is awesome. Now all this stuff you hear on these sites about lining up banks or "bank packages" is just all CRAP!! THERE ARE NO BANK PACKAGES!! Even if they are in Article 8 and accepted internationally, they are still an exotic currency. They first have to create demand and we do not yet know who will even be participating. Until there is momentum for the IQD because it's an exotic currency what banks will be involved is stil to be determined. We have 10 days before Ramadan and I just don't think there is enough time for Parliament to pass the economic laws and the financial law Shabibi needs to RV the currency before then. I think they will get this done in September. Nothing will happen during Ramadan but we have a good shot at this in September.

[jon29]

Positive and upbeat. Thanks for the post.

[Gooserider67]

Good solid post KAP.. keep the good news a coming....Is it time to call JD Wentworth? I want my cash now....

[quadkidd1]

I dont know much about Kap but after listening to his CC I am impressed and think he is right on target without any hype.

What do others think and how do you feel about his reputation.

Thanks to all

Quad

[rockinrich]

quad he is one of the very few that get what the cbi is trying to do he doesnt bullchit people unlike other gurus and he uses sound logic now im waiting for keep walking to refute this post of kaps what ya got keep??

[Carrello]

Thanks SWFG for your efforts not only to put this together, but to bring it over for us. Thank you.

I like Kaperoni and I like the knowledge base, his logic, and his analytical skills. I'm a fan and I believe he really knows what he is talking about.

On credibility: if you notice on Kap and Bob's site, there is no advertising of dinar or any other currency, and there is no other advertising either. You can buy a RV notice via phone, but most do that to support the site. It is a contribution They also do NOT allow any hate forums, or any type of debate of ugly or bigoted talk, or any type of info that is a blatant lie.

[glorygirl3]

Thank you SW Florida Guy for this post. I so enjoy reading a logical post, and one that is not hateful. Thank you Kap for your insight, very appreciated.

[MillieChatham]

Agree that this is an excellent post. Thanks so much.

[powerpager]

Killer Post Kap !!!