May 7, 2014

Trial opens in alleged currency fraud scheme

The trio is accused of selling Iraqi currency, the dinar, and placements in two nonexistent hedge funds using false statements to lure investors.

Don't be shellfish...

Latest Dinar Guru News

5-10-2014 *** Dinar Guru Newsflash *** The Dinar made it in the media...we'll be sending out the latest investigative news report conducted by the main stream TV news shortly. As you know the dinar is RARELY in the news so you want to see this...Be sure you're signed up in the blue box above to receive this and all other updates... talk soon -B

Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...

5-9-2014   Newshound Guru Stryker   I have so much faith at this point that the CBI and a newly form government will have what it takes to implement reform...Do not let anyone tell you that everything is done because it is not, we are proving that by the mere actions of the events unfolding in Iraq right now. The real FACTS are pointing us to the truth and the real possibilities of a nice windfall for all [of] us...All of us that have been so bold as to invest in this war torn country, us that have believed in this wealth country called Iraq...

5-9-2014   Intel Guru TNT Tony   Everyone around the globe is being quiet today for a reason. I'm feeling SUPERFANTASTIC today and so should you. We should have the best Monday of this entire adventure.

5-9-2014   Newshound Guru Millionday [Has the budget for this yr been voted on for the second time?] the budget is ready to be voted on and they have decided to vote on it sunday with or without the kurds.

5-9-2014   Newshound Guru Tlar   It is my opinion that anyone who holds the currency will benefit. I believe the nominal rate is what they will change first (delete the leading zeros) so whatever that turns out to be, that will be the value of the physical dinar. If the nominal rate is changed to one to one, the million dinars you hold will be worth 1 million US before the taxes are paid. For those that hold accounts in Iraq, it is my belief that they will not lose or gain in value. Right or wrong that's my belief.

5-9-2014   Intel Guru Mnt Goat   Bad News: Having just said the good news I also have to say I do not believe a word of it. Yes – everything is set to go and can go successfully if they are allowed to continue the RV process to completion...my contact has already told me they intend to once again stall the process...until Maliki’s mandate with the government as prime minister is over on June 14 2014... Do not look for the RV prior to this date. It has nothing to do about the elections other than he knows his days are numbered and he will not get a third term. He is attempting desperately to get his hands on more money. The 2014 budget too will not pass until he is gone... We wait and see what will happen this weekend. [post 2 of 2]

5-9-2014   Intel Guru Mnt Goat   Good News: I am being told that from Thursday 5/8 until Sunday 5/11 we are in an excellent window to see the rollout of the revaluation. Note I said revaluation and not reinstatement. As I have said before they are going to trigger off a revaluation using the reinstatement rate from 4/26 and a starting point. I did tell you previously that this might happen and so it is now in play. I am told plans are being made for us to be at the banks next week. This extension given by the IMF bought them some time to reorganize and setup for this process. [post 1 of 2....stay tuned]

5-9-2014   Intel Guru MarkZ    [what Defcon level do you put this at right now?] 1 for the next week. [are we looking to a certain individual that will make the announcement for the GCR?] I am yes. It would be irresponsible of me to say who that is though. For the record folks...I do not believe anyone is holding this up any longer. [is it true that the funds for the RI/RV are in Iraq?] I am told the money for the rv exchange US holders is already here. I can't comment on rates. We shouldn't worry about rates though. They look to be great and fair. Let's just focus on DONE. [post 2 of 2]

5-9-2014   Intel Guru MarkZ   [seems to me that since the original plan was to have an RV and the Dinar was the linchpin of the GCR, that this has to still come in as an RV and not as an RI. The other countries all signed off on the rates already and were agreed to and it would have to all be redone. We are looking at an RV...?] That is why Maliki pulling the RI stunt forces the RV/reset action. A pain in the ass logistically but a needed push as I see it. [if M is not the new PM, can the new PM rescind the RI when he takes office?] If he could get the CBI to agree but he won't. IMO. [post 1 of 2....stay tuned]

5-9-2014  Newshound Guru Adam Montana    [I read...that the Iraq election ballots will take about a month to count and tally. If this is true then would you say that we wont see anything as far a real RV progress until those ballots are fully counted and a new PM is elected?]   I think that's a reasonable assumption. Here's something to consider, though: Say things are looking in Maliki's favor, and the opposition starts to get riled up. Maliki calls the RV...That would completely destroy his opponent's chances of any kind of recall or anything else, wouldn't it?   [Do you think they will wait to pass the budget until after the new GOI is seated?]  No, I don't see too much delay in this process.

5-9-2014   Newshound Guru Kaperoni    ...thinking a reduction in auction sales means they are about to raise the value of the dinar. Wrong!   The CBI is not compliant with the IMF. Until they prove they can do what is asked of them (via the Article IV Consultation) the CBI is not moving to Article VIII nor a new exchange regime. The recent statement that said "mid year" or June does not imply a change in value of the dinar, but compliance with the IMF. Nothing more. If the CBI meets that goal of mid year or June, we still need laws to be passed for economic and banking reform. There is much to be done yet before we can hope for an increase in the value of the dinar. [post 2 of 2]

5-9-2014   Newshound Guru Kaperoni   Article: "Decline in central bank sales of dollar at the end of the auction week"   We will have to wait and see if they remain low. It makes no sense when these banks are currently nothing more than money exchangers so commissions are important to them. We can guess that the issuance of new dinar may have curbed some desire to use dollars in the market. But the Iraqi economy still needed dollars for imports. Why they are low is anyone's guess but these auctions are important to maintain the exchange rate and...to reduce the spread from Official Rate to Market Rate. If anything, I was expecting the number of banks and money exchangers participating to increase over the coming weeks - not decrease. [post 1 of 2....stay tuned]

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Trial opens in alleged currency fraud scheme

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