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.