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CBI warns of collapse of IQD...due to inflation

TonyDownTheShore

By TonyDownTheShore,
in Iraq & Dinar Related News

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DinarSeeker Newbie

DinarSeeker

Posted
Posted

Hey guys... I think this is actually the opposite news we want to hear. The 2 decimal statement I believe is referring to "double digit" inflation concerns. Shabibi is basically calling Maliki to the carpet in this article and I doubt it will go over well with that tyrant. He is telling Maliki that his government is wasteful and corrupt and that if the GOI doesn't get their act together that he will have to use his "tools" of exchange rate and interest rate modification to combat inflation. The GOI needs to promote growth and investment and they are hindering it. Iraq still has to import most of the goods (aside from oil) and that creates a huge trade imbalance. Iraq needs to be creating new industry of goods and services to NOT be so one dimensional on oil. They are at the mercy of the world's rising import prices which adds fuel to the fire of the poor management of Iraq's revenue controlled by the GOI (Maliki)!

So Shabs is actually threatening to lower the exchange rate and increase interest rates to combat inflation. Crazy I know. I want this as bad as everyone but Maliki is running this ship into the ground.

Positive signs or articles to watch for are:

1. Amendment to the Investment Law of 2006

2. Increasing bank guarantee abilities for foreign investment

3. Significant infrastructure progress in particular with electricity

4. HCL passing and watching for citizen and local government dividends

5. Removal of Chapter 7

6. Modification arrangements with Kuwait regarding the debt to them being contingent on Ch. 7

7. Increased Iraqi lending opportunities for citizens

8. Filling final Ministry appointments

9. Introducing of the 100,000 notes and 50,000 notes into the currency

10. Maliki's eventual forced removal from office

Yep, your on the right track with this. Anyone that has been here long enough to have studied Iraq, the Dinar, and its government, knows that M seeks ultimate power. Shabibi is trying another method of jerking Malikis chain by publically humiliating him. This is what I understood this article to be..... "M, your as dumb as a goat. Iraq is almost in monetary peril due to inflation and the window is almost closed to return Iraq to the golden days. Seat your government so we can drop the zeros and revalue the currency you power hungry idiot. YOu have been holding the keys to end the suffering and starvation of our people, no more empty promises fool. Lets get on with this and push the big red button."

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fastarnie Newbie

fastarnie

Posted
Posted

Hey guys... I think this is actually the opposite news we want to hear. The 2 decimal statement I believe is referring to "double digit" inflation concerns. Shabibi is basically calling Maliki to the carpet in this article and I doubt it will go over well with that tyrant. He is telling Maliki that his government is wasteful and corrupt and that if the GOI doesn't get their act together that he will have to use his "tools" of exchange rate and interest rate modification to combat inflation. The GOI needs to promote growth and investment and they are hindering it. Iraq still has to import most of the goods (aside from oil) and that creates a huge trade imbalance. Iraq needs to be creating new industry of goods and services to NOT be so one dimensional on oil. They are at the mercy of the world's rising import prices which adds fuel to the fire of the poor management of Iraq's revenue controlled by the GOI (Maliki)!

So Shabs is actually threatening to lower the exchange rate and increase interest rates to combat inflation. Crazy I know. I want this as bad as everyone but Maliki is running this ship into the ground.

Positive signs or articles to watch for are:

1. Amendment to the Investment Law of 2006

2. Increasing bank guarantee abilities for foreign investment

3. Significant infrastructure progress in particular with electricity

4. HCL passing and watching for citizen and local government dividends

5. Removal of Chapter 7

6. Modification arrangements with Kuwait regarding the debt to them being contingent on Ch. 7

7. Increased Iraqi lending opportunities for citizens

8. Filling final Ministry appointments

9. Introducing of the 100,000 notes and 50,000 notes into the currency

10. Maliki's eventual forced removal from office

I agree, and this might be why MALIKI HAD A MEETING AT HIS HOUSE about improving the standard of living for Iraqis. Like I said on that thread "We'll see talk is cheap." I personally am looking for action not talk.

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Nelg Newbie

Nelg

Posted
Posted

Along with the continued pressure from the IMF to "redo" the 2012 budget, we just might to be looking at an RV that is close.

Remember that the continued swamping of the media with negative information is a good indication of an RV.

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Carrello Rising Star

Carrello

Posted
Posted (edited)

Hey guys... I think this is actually the opposite news we want to hear. The 2 decimal statement I believe is referring to "double digit" inflation concerns. Shabibi is basically calling Maliki to the carpet in this article and I doubt it will go over well with that tyrant. He is telling Maliki that his government is wasteful and corrupt and that if the GOI doesn't get their act together that he will have to use his "tools" of exchange rate and interest rate modification to combat inflation. The GOI needs to promote growth and investment and they are hindering it. Iraq still has to import most of the goods (aside from oil) and that creates a huge trade imbalance. Iraq needs to be creating new industry of goods and services to NOT be so one dimensional on oil. They are at the mercy of the world's rising import prices which adds fuel to the fire of the poor management of Iraq's revenue controlled by the GOI (Maliki)!

So Shabs is actually threatening to lower the exchange rate and increase interest rates to combat inflation. Crazy I know. I want this as bad as everyone but Maliki is running this ship into the ground.

Positive signs or articles to watch for are:

1. Amendment to the Investment Law of 2006

2. Increasing bank guarantee abilities for foreign investment

3. Significant infrastructure progress in particular with electricity

4. HCL passing and watching for citizen and local government dividends

5. Removal of Chapter 7

6. Modification arrangements with Kuwait regarding the debt to them being contingent on Ch. 7

7. Increased Iraqi lending opportunities for citizens

8. Filling final Ministry appointments

9. Introducing of the 100,000 notes and 50,000 notes into the currency

10. Maliki's eventual forced removal from office

Hi Drox, it is nice to see you back. You have been missed. Thank you for this valuable input and refresher.

I have a surprise gift for Maliki - it's silver :wave:

Edited by Carrello
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4aprofit Newbie

4aprofit

Posted
Posted

What great smokescreens they put out...they will lead you to believe that they will lop one week, then that they will raise the value the next, etc., etc., etc...If they were going to just let their currency take a dump, they would just do it...and not keep blabbering about it...they have soooo much wealth, that they are actually scared of what to do, as per the exact timing...all IMO...LOL....

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zantac Newbie

zantac

Posted
Posted

Hey guys... I think this is actually the opposite news we want to hear. The 2 decimal statement I believe is referring to "double digit" inflation concerns. Shabibi is basically calling Maliki to the carpet in this article and I doubt it will go over well with that tyrant. He is telling Maliki that his government is wasteful and corrupt and that if the GOI doesn't get their act together that he will have to use his "tools" of exchange rate and interest rate modification to combat inflation. The GOI needs to promote growth and investment and they are hindering it. Iraq still has to import most of the goods (aside from oil) and that creates a huge trade imbalance. Iraq needs to be creating new industry of goods and services to NOT be so one dimensional on oil. They are at the mercy of the world's rising import prices which adds fuel to the fire of the poor management of Iraq's revenue controlled by the GOI (Maliki)!

So Shabs is actually threatening to lower the exchange rate and increase interest rates to combat inflation. Crazy I know. I want this as bad as everyone but Maliki is running this ship into the ground.

Positive signs or articles to watch for are:

1. Amendment to the Investment Law of 2006

2. Increasing bank guarantee abilities for foreign investment

3. Significant infrastructure progress in particular with electricity

4. HCL passing and watching for citizen and local government dividends

5. Removal of Chapter 7

6. Modification arrangements with Kuwait regarding the debt to them being contingent on Ch. 7

7. Increased Iraqi lending opportunities for citizens

8. Filling final Ministry appointments

9. Introducing of the 100,000 notes and 50,000 notes into the currency

10. Maliki's eventual forced removal from office

Good post Drox i do agree with you BUT

Shabi baby wasnt the spokesman on this article that nut case out spoken dirt bag Mohammed Saleh was.

Half the time he comes out with articles that know one else agrees with nor does the CBI approve

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fastarnie Newbie

fastarnie

Posted
Posted

Good post Drox i do agree with you BUT

Shabi baby wasnt the spokesman on this article that nut case out spoken dirt bag Mohammed Saleh was.

Half the time he comes out with articles that know one else agrees with nor does the CBI approve

Agreed. He's a smoke machine, and one of those crazy mirrors from the circus. :lol:

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k98nights Newbie

k98nights

Posted
Posted

This article should be pinned to top of board for the entire month. Entire world currecys are collapsing never mind ones that are not even backed by a fuctioning government! Stop sensoring my posts!!!!

You're on mod review... your posts are going to be reviewed before being viewable until the end of the review period. By the way it's "currencies" and "censoring." Have a nice day. :tiphat:

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Francie26 Newbie

Francie26

Posted
Posted

What great smokescreens they put out...they will lead you to believe that they will lop one week, then that they will raise the value the next, etc., etc., etc...If they were going to just let their currency take a dump, they would just do it...and not keep blabbering about it...they have soooo much wealth, that they are actually scared of what to do, as per the exact timing...all IMO...LOL....

Scared, but they know they have to act. It is that "now or never, standing on the precipice moment" for Shabs.

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