Popular Post Saved Posted October 5, 2011 Popular Post Report Share Posted October 5, 2011 kaperoni: Please no typing…the timeout is set to 30 minutes so you should not have to worry about dropping out. kaperoni: Sit on your hands and no typing during chat. If you do, the mods will remove/kick you from the room. kaperoni: Let’s get started. kaperoni: Tonight’s chat is a …where are we at? These chats are really a summation of recent factual articles and events that have taken place. kaperoni: First, I want to set the stage sort of so to speak…I want to start by looking at an article that came out exactly one month ago today…. kaperoni: ”delete three parliamentary economic: zeroes of Iraqi currency would increase confidence internationally – 03/09/2011” kaperoni: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3a%2f%2fwww.aknews.com%2far%2faknews%2f2%2f259979%2f kaperoni: Here are a few quotes…. kaperoni: “to delete three zeros from the Iraqi currency would increase confidence and international credibility of the Iraqi currency,” kaperoni: So what does that sentence tell you? kaperoni: 1.. No Lop. A Lop would lose confidence and credibility kaperoni: 2. They want a strong currency that is international and internationally recognized. kaperoni: I think we already all knew this, but it is good to refresh. kaperoni: The next quote… kaperoni: “noting that the Central Bank of Iraq has real strategy about this matter,” kaperoni: This tells us there is a real plan here. That we need to let it play out. The Rv is not a bunch of daily failures as some represent with the Rv today and then an excuse tomorrow. kaperoni: And another… kaperoni: “noting that the Iraqi dinar will be strongest in the Middle East region.” kaperoni: Pretty clear that they want the dinar at some point to have the highest exchange rate in the middle east (and I would say the world). kaperoni: Another quote… kaperoni: "a promising future is waiting for the new Iraqi dinar, which would be the strongest currency in the Middle East, especially that Iraq held in the next few years, balancing the fictional depends on oil refrigerators up to 6 million barrels a day." kaperoni: This tells me that anyone who thinks the dinar is coming out at 4 to 1 is smoking something. Clearly they state, “over the next few years” here. kaperoni: Another quote… kaperoni: Stating that "there is complete coordination between the parliamentary Economic Committee and the Central Bank of Iraq, and enjoy the support and confidence". kaperoni: This confirms that these are all working together to accomplish this. Again very good news. kaperoni: And last from this article… kaperoni: “The Central Bank of Iraq was declared on 23 June on willingness to delete the zeros of Iraqi currency” kaperoni: This is the official day that the Cbi was ready to proceed. The Rv could happen at any point thereafter. kaperoni: Ok, let’s move forward to last weekend. To when the IMF/WB met with the CBI in Washington. kaperoni: Mra 1901 - September 24, 2011 - B&b Reporters Iraq Banking System Report Launch kaperoni: http://dinaralert.webs.com/apps/forums/topics/show/6162835-shabibi-s-speech-from-last-weekend-with-the-world-bank-meetings kaperoni: We start with this quote… kaperoni: "So when we look at Iraq's banking and financial systems and the speed of these adjustments that need to happen, it's very clear that there are some--this is not an easy road to travel because there are political and many other issues that play, " kaperoni: This clearly tells us that these reforms are moving at a rapid pace. And they are aware that this needs to happen. And this is key…that this is “not an easy road” and they state why… kaperoni: The next quote… kaperoni: "And we in the Ministry of Finance, when we came back to Baghdad, me and Mr. Governor had a very extended meeting to put the time table for implementing that action plan." kaperoni: Pretty clear! After meeting with these people, and going through the process, they have a "time table" to implement this. We just need to let it play out. And I hope tonight to hopefully give us some real sense of when that is. kaperoni: The next quote…from Shabs himself. kaperoni: "and we, in the Central Bank, we are actually all ready to give all the support," kaperoni: Shabs is stating he and his team is ready and giving full support to this process to get it done!kaperoni: Now we move on to another comment from the WB in this meeting… kaperoni: "So we had a lot of brainstorming and with the representation with the private sector, civil society, we had the banker's association, we had Islamic banks, state-owned banks, non-banks, stock market was there, and we were happy to see ownership and commitment." kaperoni: This is telling. Clearly this entire project is not only difficult, it is time consuming, extensive, and encompasses many areas - banks, non-banks, stock market - as stated. But the key here is…”ownership and commitment” which means all areas are on-board and working to accomplish this. This is huge and great to see our investment has this kind of support behind it to accomplish it. I am confidant we are in good hands. kaperoni: There are many other great quotes in that transcript…to many to use tonight…but I recommend if you have not read it, it is posted and my “impromptu” chat from last week covers it in more detail. kaperoni: I want to move into this week's articles after leaving these last two quotes from the transcript…. kaperoni: "To do so, there are some legal and regulatory framework issues that must be addressed. And supervision of the market must also be enhanced. For example, the Iraqi Securities Commission still work under a temporary law. It is a draft law, but that needs to be adopted quickly, also to allow then the operation and more detailed regulations." kaperoni: This quote explains there were unforeseen issues that have arisen along the process of preparing to the make the dinar internationally tradeable. I am sure one of many. But this one IMO is key….and we will see I am correct in a minute. kaperoni: This quote mentions that the ISX is operating on a temporary law ( I believe from 2004, revised in 2008). This law appears to need to be permanent as they state…”more detailed regulations” and I assume they are referring to international practices. Which puts them on the same level as other countries. kaperoni: And this quote… kaperoni: "underlying all this, we need to accelerate the transit to a market economy, a full functioning market economy so that we can actually have some more customers for the banks, good strong customers for the banks, and also if you start accelerating some of these state banks, you will, in a sense, bring life into the stock market as well." kaperoni: They are clearly supporting what we stated above…that they need to move fast or “accelerate the transit” to the market economy. Again that comment supports last month's article. And once they do so, it will “bring life to the stock market” kaperoni: Ok, moving into this week…we can see the success… the progress. kaperoni: This article and quote… kaperoni: Basra, Iraq: the opening of the market for securities 02/10/2011 kaperoni: http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3a%2f%2fwww.aknews.com%2far%2faknews%2f2%2f264667%2fkaperoni: And quote…. kaperoni: "securities concluded legal requirements, technical and administrative open securities market in Basra governorate to support investment projects and strengthening the capacity of Iraq on the development of stock markets." kaperoni: Clearly, this is telling. We are learning that they are achieving what was known as unforeseen issues or projects are now being addressed and resolved. kaperoni: On the same day, we see this article and quote.… kaperoni: Iraq's Kurdistan and Nasdaq ~ Kurdistan flag on the front of the Foundation Nasdaq Finance in New York ...october 2, 2011 kaperoni: http://www.sotaliraq.com/mobile-news.php?id=26912 kaperoni: And the quote... kaperoni: “The source said in connection with the Middle East The Foundation which raised the Kurdish flag on the screen of Times Square giant facade Foundation welcomed the arrival of the President of the Kurdistan Parliament, held a ceremony on the Friday close the presence of Kirkuki.” kaperoni: Again more confirmation that Iraq is getting set for international investment. kaperoni: I want to toss in this article from today… kaperoni: Deputy Governor of the Central Bank is expected to continue high rates of inflation on: Tue 4/10/2011 9:46 kaperoni: http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3fq%3d%25d8%25a7%25d9%2584%25d8%25a8%25d9%2586%25d9%2583%2b%25d8%25a7%25d9%2584%25d9%2585%25d8%25b1%25d9%2583%25d8%25b2%25d9%258a%2b%25d8%25a7%25d9%2584%25d8%25b9%25d8%25b1%25d8%25a7%25d9%2582%25d9%258a%2b%25d8%25a7%25d9%2584%25d8%25af%25d9%258a%25d9%2586%25d8%25a7%25d8%25b1%2b2011/10/04%26start%3d20%26hl%3den%26sa%3dn%26rls%3dcom.microsoft:en-us:ie-address%26rlz%3d1i7rnsn_en%26biw%3d1280%26bih%3d630%26prmd%3dimvns&rurl=translate.google.com&sl=ar&u=http://www.ikhnews.com/news.php%3faction%3dview%26id%3d21669&usg=alkjrhiaz7nxrvzgvqkurvcy3a5kylxsgw kaperoni: And these two quotes…. kaperoni: “the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the continuation of the increasing rates of inflation in Iraq, in the event of failure to take monetary policy and financial procedures necessary to reduce this phenomenon,” kaperoni: And kaperoni: “saleh said in a statement to the Agency (news) on Tuesday: Inflation in Iraq will continue to increase if it continues policies have cash and finance in Iraq through the establishment of the necessary steps and decisive action to curb this dangerous phenomenon, referring to this type of inflation, which is called (transition or importer) if it's left untreated will cause damage,” kaperoni: Now, lets look at these…the 1st one clearly states that if they don’t take action, inflation will continue to rise. This is key and puts the timeline on our side. With 7.61% from Aug, we know it is higher today. And this statement tells us that they cannot wait. kaperoni: Now, the next quote is also very good…they use “decisive action” and refer to this kind of inflation as “transition or importer” clearly a revaluation will improve that drastically as the price of imports will come down with the RV. kaperoni: Almost done… kaperoni: I want to wrap this up by moving into the GOI…we all are aware today is important as the Maliki, Allawi, Barzani and Talabani are all meeting to achieve “government of national partnership” Which includes many issues such as the Erbil Agreement. kaperoni: Today has been a day of hope that they would resolve their differences…but like so many times before…this article surfaced late… kaperoni: Maliki, Alawi, Hashimi withdrew from the political meeting 04/10/2011 http://en.aswataliraq.info/default1.aspx?page=article_page&id=145151&l=1 kaperoni: So it is of my opinion that this is a critical time. kaperoni: I am not optimistic that Maliki will agree to the power sharing he promised with the Strategic Council of Policies position for Allawi. kaperoni: That being said, I don’t think they will let him hold the world, in essence, “hostage” but holding up the RV. kaperoni: I believe from these articles above that the CBI is ready, or near ready, to offer up a rate to the Iraqi people making their dinar international. This rate may very well be less than expected due to these continuing political issues. kaperoni: The issues with the GOI may have to take a backseat and be resolved at a later point. A time that I personally don’t care about, if this is in fact true. If I am wrong, we will continue to wait until there is a resolution with the GOI. kaperoni: Done 21 Link to comment Share on other sites More sharing options...
Russell M Posted October 5, 2011 Report Share Posted October 5, 2011 yeah, kewl. Now somebody give those guys a magic pill that will make them act sensibly and we'll be all done! Go RV! 1 Link to comment Share on other sites More sharing options...
dhardage Posted October 5, 2011 Report Share Posted October 5, 2011 yeah, kewl. Now somebody give those guys a magic pill that will make them act sensibly and we'll be all done! Go RV! Like viagra?? what? We all know what SOME men think with. 1 8 Link to comment Share on other sites More sharing options...
rope Posted October 5, 2011 Report Share Posted October 5, 2011 I liked it. Straight forward, nice explaining of what was said-through his perspective, liked the recap. 3 Link to comment Share on other sites More sharing options...
behaviorkat Posted October 5, 2011 Report Share Posted October 5, 2011 Nice review! good take on the gov aspects ~ IMO Link to comment Share on other sites More sharing options...
countryroads Posted October 5, 2011 Report Share Posted October 5, 2011 Not one of us on this site is going to have any influence with Iraq on when or at what rate the RV will happen. So until I hear from Adam saying it is done and go cash in I'll just wait. Go RV 1 Link to comment Share on other sites More sharing options...
Tubbs Posted October 5, 2011 Report Share Posted October 5, 2011 Nice post Looking for more info like this GO RV ....................... Link to comment Share on other sites More sharing options...
Atheist Posted October 5, 2011 Report Share Posted October 5, 2011 Bla Bla Bla...Heard it all a thousand times! In that case why did you listen 999 more times? 7 Link to comment Share on other sites More sharing options...
leanonme Posted October 5, 2011 Report Share Posted October 5, 2011 Even though it is still not done, and we wait, look how slow our government works. Everthing takes pateince and lots and lots of time. Good night everybody, time to go to bed. Link to comment Share on other sites More sharing options...
Deep Purple Posted October 5, 2011 Report Share Posted October 5, 2011 If they do not RV before they delete the Zero's we all lose. Simple as that. Link to comment Share on other sites More sharing options...
Bigbuck1965 Posted October 5, 2011 Report Share Posted October 5, 2011 Bla Bla Bla...Heard it all a thousand times! we also heard 100 times you whining about this.... 9 Link to comment Share on other sites More sharing options...
mrref Posted October 5, 2011 Report Share Posted October 5, 2011 Not one of us on this site is going to have any influence with Iraq on when or at what rate the RV will happen. So until I hear from Adam saying it is done and go cash in I'll just wait. Go RV How about hearing from Shabibi before hearing from Adam Link to comment Share on other sites More sharing options...
RodandStaff Posted October 5, 2011 Report Share Posted October 5, 2011 Thanks Kaps for the overview... still looking good, lets hope them boyz can get it together and bring this home! Thanks saved for bringing in Kaps chat. GO RV Already Baby!!! Link to comment Share on other sites More sharing options...
Francie26 Posted October 5, 2011 Report Share Posted October 5, 2011 Bla Bla Bla...Heard it all a thousand times! Well, I hadn't, which is why I gave you your 18th minus point for this stupid comment. In that case why did you listen 999 more times? hahaha Great point!! 1 Link to comment Share on other sites More sharing options...
ronscarpa Posted October 5, 2011 Report Share Posted October 5, 2011 kaperoni: ------ kaperoni: Done Thanks for the post Saved...(+1). Thanks for another excellent chat Kaperoni...! RON 2 Link to comment Share on other sites More sharing options...
billbill Posted October 5, 2011 Report Share Posted October 5, 2011 I liked it. Straight forward, nice explaining of what was said-through his perspective, liked the recap. Totally agree! Link to comment Share on other sites More sharing options...
keepmwlknfny Posted October 5, 2011 Report Share Posted October 5, 2011 Does anyone know what site Kap is on?? Trying to help him not sound so ignorant next time he wants to speak..... 1 10 Link to comment Share on other sites More sharing options...
cooked Posted October 5, 2011 Report Share Posted October 5, 2011 Does anyone know what site Kap is on?? Trying to help him not sound so ignorant next time he wants to speak..... Just curious, do you mean ignorant as in rude or as in uninformed? Here little pink piggy piggy Link to comment Share on other sites More sharing options...
Carrello Posted October 5, 2011 Report Share Posted October 5, 2011 I love negative comments and if you havent heard it a thousand times, keep listening and you soon will lol When was the last time you broke down any type of information in an intelligence, coherant, logical manner, and shared it with others? I thought so..... 1 Link to comment Share on other sites More sharing options...
Captjohn Posted October 5, 2011 Report Share Posted October 5, 2011 Nice, concise summary based on factual articles, not hope or wishful thinking. Link to comment Share on other sites More sharing options...
keepmwlknfny Posted October 5, 2011 Report Share Posted October 5, 2011 Just curious, do you mean ignorant as in rude or as in uninformed? Here little pink piggy piggy Ignorant as uniformed.... Link to comment Share on other sites More sharing options...
Francie26 Posted October 5, 2011 Report Share Posted October 5, 2011 I love negative comments and if you havent heard it a thousand times, keep listening and you soon will lol This is just another of your negative comments--you won't get famous for them, but you may become enormously disliked. Most people don't want to hear (read) smart as*es raining on their parade with no purpose but to make them feel bad. One of these days you'll figure out, probably the hard way, that consistently downgrading and ridiculing the thoughts, ideas, beliefs or choices of others won't make you any friends, and in some instances, it could even make you some pretty strong enemies. . . . Should I add lol? Link to comment Share on other sites More sharing options...
abutchbaker Posted October 5, 2011 Report Share Posted October 5, 2011 My opion is no one knows when the R/V will happen. I went to work in Iraq in Sept 2004 stayed until May 2010 hopeing that it would R/V. Been invested since 2004 buying until April 2010 then went home in May knowing that it would R/V. Still waiting but I know that it won't happen this year or next year there is a chance in 2013. After we have left the country and a new GOI has been seated HCL has been signed and Chapter 7 has been lifted and the new money is in place.............. 1 1 Link to comment Share on other sites More sharing options...
GasCan Posted October 5, 2011 Report Share Posted October 5, 2011 Ignorant as uniformed.... Pretty strong words for someone who thinks he knows what and how it will happen. Link to comment Share on other sites More sharing options...
Deltori Posted October 7, 2011 Report Share Posted October 7, 2011 In that case why did you listen 999 more times? Haaaahaaahaaa nice! Link to comment Share on other sites More sharing options...
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