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CBI Currency Auction 11/17/2010

Doc31

By Doc31,
in Iraq & Dinar Related News

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Doc31 Newbie

Doc31

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No CBI Currency Auction reported since the 15th ... I reposted the 15th's yesterday and no one said anything ... someone has to have my back here with this caffeine thing ... where are you Dbl Dinar? Kingfish? ... lol

Spot Oil ~$82.43 at this hour sliding

Spot Gold $1338 huge slide (still insane)

Zero Cash holding at 28 straight days

Now yesterday I told you that the indicators of the "perfect storm" were in decline ... Frank26 said this last night:

Last week we told you if you do not see the GOI by the 14th that oil would drop like a rock in the ocean. Go look at the charts. It also waits for the 21st………IMO.
And did it not? Remember that the setup for all practical purposes begins at the end of one month and continues through the beginning of the next. When RI/RV doesn't happen ... well look at the charts as Frank26 suggests. Now, can you call this OPEC/world "price fixing"? ... never mind ... personally ... I just want them to get on with it.

We see things set to happen after Nov 21 ... will they ... you tell me ... this is from K T F M

smabes

Senior Member

Join Date: Jun 2010

Location: Minnesota

Posts: 1,213

After the call last night I received emails and spoke to several people who said they were deflated…sad...upset...depressed…confused. And I was right there with them. The call went on for 3 hours and I kept expecting something REALLY BIG to be announced. But I didn’t hear anything. I think I was expecting really good news since the call was on a Monday and not a Tuesday. Then Nov 21st was mentioned with an outside date of Dec 21st. Oh no not the 21st of December. Are you KIDDING ME?

Then I started thinking. There has been HUGE strides taken since last Thursday. HUGE. The GOI is working night and day passing laws. Maliki is picking his cabinet and will be sworn in Nov 21st. GOI is a buzz. WHY? They are getting ready for the release of the rate...the RV. Since last Thursday there has been GIANT steps taken toward this goal. We saw NOTHING for 8 months and now in less than a week look what has taken place. Just think about it family. Why are they working so hard and long? To get the rate released as fast as they can. Why else? They are not working this hard to just have a GOI. They are working this hard for the RV so they can be the Kings of the World, the wealthiest country on earth.

God is in control but we are human. This blessing is a Prophecy. It will occur and I feel it is just around the corner. GOD IS AWESOME.

I had every intention of writing these things this morning ... but Frank26 did a much better job of it last night so I'm going to continue to cut and paste his stuff for those of you who haven't read it.

In the first week of October we told you that once the GOI announced itself it would still require 7 to 10 days before you and I could make an appointment to exchange. So when DELTA told you that if they announce the GOI on the 21st that M will be assigned by T to finish the GOI seating that was won by his party. Hence ………..a need of 7 to 10 days to pass some laws and finish the GOI. These laws activate the RI rate that will be given from S to an MOF that is born from a seated GOI. Then DELTA says along with me…….when I interrupted him……..that we pray M has already selected people to finish the GOI and can get it done maybe in three days. So add a handful of days to the 21st as a possibility………OR ……….he may take every doggone nanosecond he desires to take his time and use the full 30 days given by M. Add 30 days to the 21st and we have a possibility of December 21st. It’s very simple………and IMO……we told you all this in the first week of October. Unfortunately economic desperation causes us to listen and remember ………very little.
PS~ team is reporting Iraqi TV talking about 2011 budget. DELTA reported the 21st is NOT a National holiday. We are in search of a bank that closed last week to reopen before the 21st in Iraq. I will share the bank tomorrow after I study it more. IMO……….they are an indication of the RI.

My point is that things are happening ... again, will it be the 21st? the 21st plus 30? ... someone said that Frank26 put too much credence in Shabibi's word ... I'm with Frank26 ... as I've been saying for nearly a year. Shabibi said that he would do this in 2010 ... and he has done what he said he'd do when he said that he'd do it ALL ALONG soooooo ... you show me someone else that we know about who has done that. Couple that with Pouritforward's (I have not verified info):

THERE HAS BEEN A GREAT DEAL GOING ON...SO HERE IT IS.....

NUTSHELL...1) THE GOVERNMENT IS SET...WITH EXCEPTION OF PRIME MINISTER WHICH WILL BE

ANNOUNCED THE 21ST.....PERFECT

2) MALIKI HAS ASK THAT A DATE BE CLAIMED A NATIONAL HOLIDAY.......FOR WHAT

3) IRAQ IS OUT OF $$$...NEED TO RV SOON.....LOVE IT

4) MALIKI TO HAVE 30 DAYS TO FORM GOVERNMENT FROM 21ST.. BUT BASICALLY DONE

5) THE PARLIMENT HAS BEEN WORKING THROUGH THEIR HOLIDAY...HARD

6) 40 OUT OF 40 MINISTRY POSITIONS FILLED....GREAT

7) SHABIBI IN US AT HARVARD FROM 18TH TO 21ST

8) 2011 BUDGET WAS JUST APPROVED ...HUGE...THIS HOLDS THE NEW RV RATE

10) RUMORS ARE NOW THAT THIS COULD COME OUT AT ANYTIME WITH THE MOST

PROBABLE TIME BEING SUNDAY

11) RUMORS ON RATES ARE BETWEEN 5.72 AND 8.16 (I'M STILL PRAYING FOR A BUCK)

12) REMEMBER...IN THE HISTORY OF THE WORLD THIS HAS NEVER HAPPENED BEFORE

WHERE THERE WAS A LONG WAR...A BAD DICTATOR REMOVAL...A DEMOCRATIC VOTE

AN 8 MONTH BATTLE FOR POWER AFTER THE VOTE...A NEW CONSTITUTION AND A

COUNTRY THAT IS NOT ONLY BASCIALLY DEBT FREE BUT EXTREMELY WEALTHY.

THE ENTIRE WORLD IS BEHIND THEM...THEY HAVE SUFFERED ENOUGH.

13) YOUR BANK ACCT IS ABOUT TO BE FILLED ..DON'T EVER FORGET WHO GAVE YOU

YOU THIS OPPORTUNITY. THE IRAQI PEOPLE..G W BUSH...AND OF COURSE THE MOST

IMPORTANT...THOSE SOLDIERS FROM THE US,AUSTRALIA, ENGLAND,AND SO MANY

MORE THAT GAVE THEIR LIMBS AND LIVES. WE SALUTE YOU ALL.

14) HAVE A GREAT POSITIVE WEEK...IT'S COMING

POURITFORWARD

Read more:

Now I don't know about that rate ... but I'm certainly willing for the Good Lord to provide in a miraculous way for the kids that we support.

I won't post anything on the CBI currency auction again until they actually have one! ... however, this would fall into Zantac's "at least 48 hours of CBI No Sales" ... combined with the 28 zero cash days ... well, if I were them I'd wait for the increase in oil again (end of Nov. first of Dec) ... there is a new moon Dec 5th I think ... you get the idea

Peace to all

Doc31

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lgraham Newbie

lgraham

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Terrific compilation of comments from some very positve believers of what is about to happen. Including you Doc. I am with you regarding Shabibi's comments. He has stated what his plan is. That is to introduce the lower denoms in 2010.

There is no reason not to believe him.

I am confident that when you combine Shabibi's rare comments with the research provided by Scooter. Everything can only lead to a RV of some kind.

My confidence of this was strenghten months ago when Chief V provided an article the explained how 14 denominations were printed in England at De la Rue.

Clearly this has been a plan that was years in the making. All of us are simply reading all the pages of the plan until we get to the last page. I wish I knew how many pages there are.

We have all seen the gigantic contracts being signed by the Iraqi's We have have seen the re-construction plan for the next 5 years. It is 500 billion dollars. This alone is more than the country's GDP. This is not even possible at the current rate of 1170 to 1.

Their exchange rate cannot go down in value.

Personally.....I believe that if the new rate is not within this 2011 budget......Then we will have to wait another year. I believe we will see it in this budget. We know they are making a priority to approve this budget as the first order of business.

I have never provided a date or rate but I would like to speculate. Let's see.....90% of their revenues come from oil sales. Oil is traded in dollars. The Iraqi population has adjusted to using dollars as their currency for the last 7 years. In other words, they know what a dollar will buy. It has an established value within the population. We all have seen the Minisrty of Planning project on their website that was designed to study a new rate for the Dinar. That rate was $1.13. Since the value of the dollar has gone down significantly since that study was done, I can see a value coming in at more than the dollar and close to the Euro.

Thanks Doc for the great work you have given us all regarding the CBI auctions and I have enjoyed your speculation as well. I hope that perfect storm will be hitting us soon.

Peace,

Lgraham

Thanks for the post LOL

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GO RV!! Newbie

GO RV!!

Posted
Posted

Doc, another day in a row that you are AWESOME... I appreciate the honest post and the feedback... My friends that I compare notes with daily, I usually find myself discussing a topic where the CBI Intel you provide becomes handy to round off a point we are discussing... The biggest way I look at it is "internal liquidity adjustments" They want to have all their banks PRIMED to do business and not be shuffling a lot of cash around right after they make the announcement... I honestly think there has been a lot of this that's been going on CONSTANTLY behind the scenes...

Again there are a lot of smart people that are involved in the Government and also the reasoning behind any "rate" they RV at in $USD.... I think the Kuwaiti Dinar is a good number to expect - I think it will ease their business with Kuwait and stabilize each other's currencies. I also think a lot of their neighboring countries will be heavily invested in Iraq as well - so having a good peg like Kuwait to use as your Re Value is a good, solid approach.... Will I take something higher or lower - sure... but only time will tell on that. When the budget is released we will know what the IRAQI'S thought their country could support. I also don't think they will stall because of a drop in oil - as mentioned they've probably cushioned a much lower value on oil into the 2011 budget to allow them extra revenue to budget throughout the year!

Also they are truly blessed with Natural Resources all across the board in abundance and $$$ value - they know this and will take their time to get all the components factored in. If they miss out on something small - it could turn into a BIG problem for them down the road... I'd rather them take an extra couple days or week(s) if they need to sort out the finer points of their YOUNG Government... Remember that HUGE parliament meeting ALMOST fell apart- be THANKFUL they are blessed to have made SIGNIFICANT progress since those first initial days where everything really started to come together in the last week and change!

- Fresh :twothumbs:

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GO RV!! Newbie

GO RV!!

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I want to pose something that was just running through my mind with regard to "Why" they would WANT to RV at a higher level on the $USD initially....

I could be totally wrong....

If we speculate only about 1% roughly of the US population may own dinar - at varying $net individually, some more - some less. Why not introduce a higher rate of say $5 and go ahead and protect your currency. Sure you will PAY OUT immediately people that hold your currency, but in reality you will have exponentially larger investors that will be looking to the Iraqi Dinar as a hedge in their currency portfolio's.... From Iraq's perspective right now...

I ask...

If it cost a US citizen that holds USD$ to pay $5US :1 Iraqi Dinar - how much more money will they make in the long run... sure they pay out all the initial investors a larger piece... but once it hits the big ole GLOBAL CURRENCY market - why not demand a premium... Heck if they are off it may only go up 1% in a couple months... but really I think the larger increase in potential investors will have people still jumping in at a $4-5 range... for less money... YES, because their account is in USD and they are paying more for other currencies if that were to play out over time....

Just thought I'd throw that out there - not saying I think it will happen but someone explain to me how that wouldn't be necessarily "bad" for their future either... Start out strong and make others pay more if they want to "play".

- Fresh :D:lol::blink:

Oh yeah GOOOO RV :Cheers:!!!

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