9-5-2014 Newshound Guru Kaperoni

9-5-2014   Newshound Guru Kaperoni   Article:  "State of Law: the line-up was completed and weights them to vote next Saturday"  Quote:  "to vote on the new government in parliament during the next two days and at the most may be next Saturday session dedicated to this purpose."   Let's hope we can say this new GOI is done by Sat night. 

9-5-2014 Newshound Guru Millionday

9-5-2014   Newshound Guru Millionday      I DONT HAVE A DATE BUT IT APPEARS WITH THE VOTE COMING FOR FOUR MONTHS OF THIS YEAR AND THE HUGE RUSH OF ALL THEY ARE DOING -- WE ARE CERTAINLY CLOSE ---THE FIRST HALF WAS TO BE AT 1166 -- THE SECOND HALF OF THE YEAR WAS TO BE AT A PROGRAM RATE -- WE JUST DONT KNOW WHAT IT IS --- BUT WE DO KNOW --- IT IS THE REALITY RATE.  THIS IS A VERY EXCITING TIME FOR IRAQ -- VERY.   [post 3 of 3]

9-5-2014 Newshound Guru Millionday

9-5-2014   Newshound Guru Millionday     [Do you have any more on the CBI appointee, Ismail?]  THE NEW CBI GOV--- THE LIST OF HIS RESUME` IS VERY LONG.  HE IS THERE...NOT TEMPORARY.  TURKI IS GONE.  THIS IS GREAT NEWS -- IT MEANS THAT ALL POWERS ARE WITH HIM...ALL POWERS NECESSARY TO LAUNCH ALL OF THE BUDGET AND ECONOMIC REFORMS.     NOTE -- ISIS IS LOSING GROUND --- THEY ARE NOW BEING DRIVEN FROM ERBIL AREA AND MOSUL IN DROVES.   [post 2 of 3....stay tuned]

9-5-2014 Newshound Guru Millionday

9-5-2014   Newshound Guru Millionday    THEY ARE CALLING FOR AN EMERGENCY MEETING AND THEY DONT ALL LIVE AT THE CAPITAL SO I WOULD SAY THAT BEING CALLED IN SHOULD SHOW THEY ARE READY BUT THIS IS IRAQ --- ABADI HAS UNTIL THE 11TH OF THIS MONTH TO HAVE IT THROUGH PARLIAMENT ETC. AND THE TIMELINE FOR IRAQ TO HAVE THEM SWORN IS THE 15TH BUT THEY CAN DO IT THE NEXT DAY.   IT APPEARS THAT THEY ALSO WILL VOTE THROUGH THE BUDGET.   THEY ARE SAYING THAT HISTORY HAS BEEN MADE.  THEY HAVE ACTUALLY AGREED ON THE BUDGET FOR THIS YEAR -- WOW.  [post 1 of 3....stay tuned]

9-5-2014 Newshound Guru Breitling

9-5-2014 Newshound Guru Breitling  …let's say you and I get lucky and it's a huge rate…do you think you're going to go to Bank of America or Chase Bank and ask for 5 million dollars in $100 Bills?  They are not going to give you cash!  What they are going to do is take your currency and they are going to certify it and then they are going to send it to the Treasury Dept.  Then they are going to make sure it's all Kosher and not counterfeit and then they will release the amount into your bank account…it will be electronic at first and then whatever the bank agreement is how it will release it to you.   [Post 2 of 2]

9-5-2014 Newshound Guru Breitling

 9-5-2014   Newshound Guru Breitling   You and I are sitting on dinar for 1 tenth of a penny…if you walk into a bank they will exchange it for 1/10 of a penny…Iraq doesn't need to come up with anything.  This isn't a "cash in"…it's an exchange of an equivalent rate.  The term "cash in" is NOT correct terminology.  Iraq doesn't have to buy back anything…it's a barter exchange.  For example--you hold what is essentially a foreign currency reserve…an investment.  When you bring it to the bank it goes into their foreign currency reserves and/or it could be exchanged with the UST and sit in their foreign currency reserves.  There is NO rule that says Iraq has to exchange for dollars…but do you think they are going to throw away that opportunity to get that dinar back?  No.  They'll probably exchange it for oil, for gold, for services or whatever and that's how it works.  One more  scenario…  [Post 1 of 2 stay tuned for the rest of the story…]

9-5-2014 Newshound Guru Stryker

 9-5-2014   Newshound Guru Stryker   Article Quote: "the negotiations between the political blocs is over, noting that the final touches are underway for the announcement and vote on them next Saturday."    HERE IT IS FOLKS, THEY ARE DONE WITH NEGOTIATIONS, AND ALL THEY NEED NOW ARE A FEW NAMES TO BE RE-CONSIDERED AND A VOTE OF CONFIDENCE ON AL-ABADI AND HIS CABINET...WE SHOULD SEE THIS BY SATURDAY ACCORDING TO THIS ARTICLE.

8-27-2014 Newshound Guru Kaperoni

8-27-2014   Newshound Guru Kaperoni   Article:   "Central action keeps the money of depositors and shareholders"     This is a good "pat on the back" article as they say they have done a good job stabilizing the dinar/reducing the spread of late and implementing new policies and procedures with the auctions. I like how they end it in essence saying...despite this accomplishment, they have more work to do. Yes...we are waiting on that.   ...they probably have fulfilled the IMF requirements and are in compliance now. That does not mean they will request Article VIII tomorrow. In fact, the IMF may make them demonstrate they can sustain it for a period of time as well as they still need to form the GOI, pass stalled economic and banking laws and get some stability regarding the ISIL threat.  So it still could be a while.  But today is a good day.

8-27-2014 Newshound Guru Millionday

 8-27-2014   Newshound Guru Millionday    [Pressure is building to an eruption…the stars are lining up...]    ALL AT ONCE AS WE KNEW THEY WOULD HAVE TO --- THEY NEED TO HAVE IT ALL PREPARED --- NOT THAT BUMPS WONT BE IN THE ROAD BUT THEY ARE DOING EXACTLY WHAT WE WOULD EXPECT IN THE ORDER WE WOULD EXPECT.  THE NEWS IS SO POSITIVE.  I HAVE TO SAY TO HEAR ABOUT THE CHANGE COMING ECONOMICALLY SINCE THEY HAVE BEEN SITTING SINCE THE 90`S HAS ME VERY EXCITED.  ABOUT 4 YEARS AGO SALEH STATED THAT THE CURRENCY WOULD BE RETURNED TO AROUND WHAT IT WAS IN THE 80`S -- I KNOW YOU LONG TIMERS REMEMBER THAT.   EVERYTHING IS A HUGE HURRY AND THE HELP THEY NEED FROM MANY COUNTRIES IS THERE.  THE GLOBE IN NEEDING THIS EVENT...

8-27-2014 Newshound Guru Stryker

8-27-2014   Newshound Guru Stryker   Exchange Rate Update: The Market Rate of the Iraqi Dinar dropped to 1203 today from 1212 after dropping from 1217 on August 19th. This means that Iraq is heading closer to the 2% target rate the IMF says is needed for currency reform.  It looks like that with the daily auctions at and well over $2 million per day it will not take long to get to the target rate that the IMF has stated Iraq needs to be at to implement currency reform. Target rate needs to be within 2% of the de-facto CBI rate of 1166 and the market rate, and as you can see a 14 dinar drop just since August 19th is a great start.

8-27-2014 Newshound Guru Breitling

8-27-2014 Newshound Guru Breitling   After WWII did Japan and Germany have an advantage by a lower currency?  Yes Absolutely.  Why would Iraq raise their currency?  Wouldn't that take away their advantage?  They stated they wanted to make the IQD a world reserve currency and wanted their people to compete on a global scale.  Yes they needed to lower the currency…that's why we were able to buy it for a 10th of a penny…during the restructuring phase.  Why is Iraq going to raise the value of their currency?  Because it's only worth a 10th of a penny…sooner or later they have to increase it or their people will not be able to compete on the world stage.  For Iraq to get to the next stage they have to give their people purchasing power…The CBI needs the people of Iraq to have purchasing power to rebuild their infrastructure…so the people can bring home money from other countries in the region and start businesses etc…then we'll watch the country and wealth explode…it's going to be fantastic.

8-27-2014 Newshound/Intel Guru BGG

8-27-2014   Newshound/Intel Guru BGG    Market dropped to 1203 today - BIG FINANCIAL NEWS...puts them well within the required 2% range.    [Now it can happen at anytime, right?]  numbers wise - yes...the advertised and "market rate" can have no greater than a 2% difference and still be in compliance with IMF requirements to proceed to next status (article 8 - international acceptance).   For all practical purposes - they are there...it appears as though they are getting their financial house in order for something.

8-27-2014 Newshound/Intel Guru Arthur

8-27-2014   Newshound/Intel Guru Arthur  The lack of this Law has also caused a possible split between Kurdistan and Baghdad which would be catastrophic for our investment.  ...the deadline for the formation of the new government is 9/11 which will hopefully include the 2014 budget which will likely come before parliament in the next phase starting 9/2, and the long awaited and much needed HCL, along with the continually ameliorating security outlook, hopefully completing the economic and political climate necessary for the CBI/PTB to begin the final phases of economic reform including the revaluation of the IQD.  [post 2 of 2]

8-27-2014 Newshound/Intel Guru Arthur

8-27-2014   Newshound/Intel Guru Arthur   We now know from the various meetings and PM Designate Abadi press conferences that the negotiations between the blocs are "positive and constructive"; especially important and positive are the ones between Baghdad and Kurdistan.  Although the seating of the COM (Council of Ministers) is an important and necessary step, the most critical element of the political and economic stability compulsory for a potential currency revaluation is the HCL (Hydrocarbon Law). There is no way for oil officials in the provinces to rationally manage their particular sectors without this understanding between politicians and their parties therefore it would be virtually impossible to begin economic reform in earnest without this crucial contract since without it there could be no fair distribution of the countries enormous wealth potential.   [post 1 of 2....stay tuned]

8-27-2014 Intel/Newshound Guru Poppy3

8-27-2014   Intel/Newshound Guru Poppy3   DR SHABIBI HAS BEEN BEHIND THE SCENES ALL THE WHILE AND I HAVE STATED THAT SINCE HE WAS WRONGLY CHARGED.   HE HAS BEEN WORKING ON IRAQ'S BEHALF AT THE IMF AND HE, I AM SURE, HAS BEEN LAYING OUT THE PROCESS OF GETTING FINANCIAL REFORM STARTED AND FUNCTIONING ASAP. HE WAS PUSHING FOR THE RV BEFORE HE LEFT AND SAYING IT WAS NEEDED THEN AND Im sure he is pushing for turki to move on the process today.

8-27-2014 Newshound Guru Blueyesinlevis

8-27-2014  Newshound Guru Blueyesinlevis     He then cites the examples of Japan and Germany post WII.. which to me is VERY encouraging... it puts Iraq on a par with two very important historical examples of the US rebuilding powerful economies after winning a war with them. This statement is incredibly encouraging... especially on the eve of the new GOI formation...seated minister of defense and Security on the way .... The Kurds being handed the Ministry of Oil.... Maliki's obvious irrelevance.... Article 140 and the HCL on the front burner.... The news to day about them being close to Article 8 compliance... the list goes on.. and this statement from Shabibi can not be denied..."time is considered an important economic variable, and therefore is reduced to a primary goal."   [post 2 of 2]

8-27-2014 Newshound Guru Blueyesinlevis

8-27-2014  Newshound Guru Blueyesinlevis   [new guru]   Article:  "Economic performance in the development of Iraq did not materialize and the time lost a lot from him"  Quote:  "It is important to accommodate the importance of time, particularly as the previous period has been lost in terms of economic and productivity, and we now need to greater efforts and higher efficiency"  What I read Shabibi saying... was that much time was LOST... THAT time can NEVER be made up...and the result is that the cost of development a decade later ( NOW)...is higher than it would have been had the infrastructure and economy been developed correctly during the Reign of Stupidity and Corruption. I see Shabibi being very clear... time is wasting.. the time is NOW... let's not LOSE any more time. This means that the time is considered an important economic variable, and therefore is reduced to a primary goal.   [post 1 of 2....stay tuned]

8-27-2014 Newshound Guru Chattels

8-27-2014  Newshound Guru Chattels    Parliament passed no laws today [Monday] that i am aware of.  Ebadi announced no ministers today [Monday]...there is news that Ebadi may announce by Wednesday, but parliament is adjourned until the 2nd of september at this point.

8-19-2014 Newshound Guru Millionday

8-19-2014   Newshound Guru Millionday   Press Statement:  "The process of deletion of zeros from the national currency will begin during 2014, through an agreement with the central bank"  CONFIRMATION IS REAL THAT DURING THIS YEAR AND IN THE UPCOMING MONTHS...WILL SEE THE CHANGE IN THE RATE AND THE REMOVAL OF THE THREE ZERO CURRENCY -- THIS WAS ANNOUNCED IN A PRESS STATEMENT---THIS IS THROUGH THE POLICY OF CBI...THEY ARE WORRIED ABOUT FRAUD AND COUNTERFEITING BUT --- THE AMOUNT OF BILLS IN CIRCULATION WILL GO FROM 4 BILLION TO 1 BILLION ON THE STREETS --- THIS WILL ALSO BE DONE AT THE SAME TIME THE RATE AND VALUE WILL RISE  --- THE CURRENCY HAS TO BE ALL DONE AT THE SAME TIME ---

8-19-2014 Newshound Guru Aggiedad77

8-19-2014   Newshound Guru Aggiedad77   I am of the very strong belief and opinion that we are seeing great things from Iraq even in their choice of words...unity, corruption-free, integrity, competence, harmonious, cooperation and others...these are words that I honestly can't say that I've ever heard or read from Maliki...the times...they are a changing...even as we watch…the Iraqi's have everything in the world to be happy about...for me...I'm just HAPPY HAPPY HAPPY...