Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
6-3-2014 Newshound Guru Aggiedad77 [referencing Frank26 post 6-3-2014 below] I'm thinking that this is incredible news. The two governments could be meeting and talking about anything...BUT add to that meeting one single solitary individual...someone who is not tied to the government of either entity sitting at the table...the one man in charge of the Central Bank of Iraq...put him in the same room with "these two" governments and that gets the juices flowing...this meeting...needs to trigger your excitement and anticipation of good things to come.
6-3-2014 Intel Guru Frank26 AT THIS VERY MOMENT IN BAGHDAD A HUGE MEETING GOING ON WITH A FULL DELEGATION OF REPRESENTATIVES FROM THE US GOVERNMENT AND A FULL DELEGATION OF THE IRAQI GOVERNMENT ALONG WITH THE GOVERNOR OF THE CBI TURKI...THEY WILL NOT TELL YOU OF THE INTENT FOR THIS MEETING UNTIL A NUMBER OF DAYS FROM NOW...[GURU] DELTA CALLED THIS INFORMATION IN TO ME AND IS LISTENING AND TAKING NOTES OF THE MEETING...TIMING OF THIS MEETING IS OF VITAL IMPORTANCE... IMO...We may hit one over the right fence tonight!!!
6-3-2014 Newshound Guru Aggiedad77 Article "Maliki: implicitly 175 votes and achieved the majority needed to form a government" I promised you that Maliki was not down and out...I believe he has learned the stealthiness of most wary of cats...in the dark of the night he has amassed this following...he wants to get the government formed quickly. Article: "Maliki: we have achieved the necessary majority to form a government" Maliki spoke to Iraqi citizens on national television to announce he now has 175 seats of Parliament supporting him...Maliki claims that his opponents are seeking to install a weak PM that will allow certain blocs to pass laws that will not be contested by anyone, such as Maliki now...
6-3-2014 Newshound Guru Millionday [in your opinion can the reality rate be set before the ISX goes live?] yes, the reality rate should be set before they go live because the largest product they have is the dinar and the price index would only make sense in trading shares with a fair market value...this is to be live by the end of june and ready in the middle of this month... they are going global according to what they are reporting.
6-3-2014 Intel Guru Frank26 [this is all coming together at last!] Indeed it does seem so Friend...Always keeping in mind that the Minds of the Middle Eastern World run on a very slow clock. Incredibly...Their famous procrastination slows and bends time warping it into frustration for us! Einstein would be proud of them.
6-3-2014 Newshound/Intel Guru BGG I think the main reason for all the "pro-Maliki" spin in the market place right now are the vast fortunes he's spending on advertising...as far as he's concerned - this is still his "election cycle". I won't count him out - but he's not nearly as "well off" as some...are reporting.
6-3-2014 Newshound Guru chattels for the Kurds the budget is too entangled with the formation of the new government to stand alone for a vote. IMO, we will not see a budget until we see the next government. [so if we do not see the budget till the next govt...can we still have the RV without the budget? seems they have to have that new rate in place to put it in the budget...is that right?] i have never subscribed to the notion that the budget was awaiting the rv'd rate or would reveal the new value.
6-3-2014 Newshound Guru Millionday [If the reality rate appears at say .86 or 1.13 will it be exchangeable at that rate world wide instantly or just in Iraq?] it will be the exchange rate that you would get as if you were traveling and will be global. [Are they still waiting to see who the next PM will be before RVing?] i have not seen that they are waiting for the PM to be named for anything economical...i dont see that they are waiting for anything in ink -- i dont even see according to the statement by the gov of CBI, Turki that they are waiting on the budget so without anything in ink or by press statement -- i cant say that they are waiting on anything...we dont have the date but they seem to be saying that they are working on moving iraq to a market economy.
6-2-2014 Newshound Guru Kaperoni Since almost 100% of the countries income is in USD, the budget is in USD and converted to Dinar for funding purposes. Salary increases have nothing to do with exchange rate and no, there is no RV hidden in the budget.
6-2-2014 Intel Guru DC Are there people that would like to delay this? Yes, but they have gotten to the point where people are saying enough is enough. It is on a day to day basis right now. [Iraq debt with the DFI funds, they had 10 days, is that extended? Have they paid them?] My understanding is yes. I know that more than one country got paid at the new rate & the rest real soon.
6-2-2014 Intel Guru TNT Tony Not a lot of news today but today is a superfantastic day. In Iraq, the GOI is announced all except 1 major position. [Could it happen anytime?] Yes. I believe it is really, really soon. It's on track. We are absolutely close.
6-2-2014 Newshound/Intel Guru Eagle1 When the actual exchange value of the IQD or the VND (just to name two popular examples) is released, I believe that many folks will be both astonished and pleased. ...Acting Governor of the CBI, Abdul Basset Turki...two years ago...said (and I'm paraphrasing him), "When the public sees the release of the actual value of the Dinar, they will be shocked!" Over this past weekend, we have seen more than a dozen currencies go through some pretty radical changes behind the scenes. While those changes are not yet reflected on the FOREX sites we see, we believe that these changes portend an imminent public release since they are a part of this overall Global Reset. We really are near the end of this ride! [post 3 of 3]
6-2-2014 Newshound/Intel Guru Eagle1 We have a two-step process in the works. The first step is what the international banking community is referring to as "a general RV." This amounts to a first-stage release of all of the major revaluing currencies, among which we all know includes the IQD, the VND, the IDR and a fistful of others which are increasing in value. The second stage is what we refer to as the Global Currency Reset. We call it a reset because it amounts to a restructuring of currencies based on real value, backed by gold and other tangible assets or commodities with real, exchangeable value...the IQD is the "base currency" for this process. Because the Dinar is the only 100% gold-backed currency in the world, it becomes the lynchpin for the "general RV" and the GCR. [post 2 of 3....stay tuned]
6-2-2014 Newshound/Intel Guru Eagle1 Many things are taking place behind the scenes which lead us to the inescapable conclusion that we are actually seeing the unfolding of the Global Currency Reset. This is a process...it is not a simple push of one button. There are -- based on my sources -- not less than twelve individuals who are directly involved in the process whose approval is required and is sequential to the final release to the general public. [post 1 of 3....stay tuned]
6-2-2014 Newshound Guru Aggiedad77 Article: "UPDATE 2-Iraq threatens legal action against any buyer of piped Kurdish oil - Reuters" It is odd that Maliki and his government is making such noise against the Kurds at this point...seems to me that if he was attempting to court their alliance with regard to the recent elections...he might be making "concessions" instead of threatening suits left and right over what the Kurds have done with their oil...I honestly believe it is not the Kurds intention to renege on the percentage of the revenue that is due to be passed back to the GOI...what is lacking totally in this equation is simply a matter of trust by either side...none...NADA...petty children's games being replayed by adults.
6-2-2014 Intel Guru MarkZ Things are looking GREAT...there is no need to worry. [are you feeling very strongly that this is our week? like early this week?] I FEEL great. [Are you still. Feeling good about by June 15?] yes...
6-2-2014 Intel Guru TerryK I WAS ADVISED...10 LAWS WERE PASSED THIS WEEKEND IN IRAQ...10 IN ONE DAY. A LOT HAS BEEN GOING ON AND I AM BEING TOLD THAT THIS IS TO GO DOWN TODAY AND WE SHOULD SEE IT TOMORROW. I HAVE A NEW RATE... 9.23. TREAT THIS AS A RUMOR.
6-2-2014 Intel Guru Mnt Goat Two major, major events took place and both very significant for us dinar holders. The signing of the final paperwork for Iraq to enter the WTO and the amendment to EO 13303 freeing up the assets of the CBI, now no longer under sanctions within the USA. It is my strong feeling we are looking at possibly around mid July towards the end of July before we see the announce of the fully, functional, stable government. I do not expect to see any IQD revaluation international until just prior to or after the announcements of the new government line up. This I believe has to happen and this I believe will be the grand finale. I certainly hope it all happens prior to this date. [post 2 of 2]
6-2-2014 Intel Guru Mnt Goat Maliki is simple not getting the support he anticipated. What I cannot understand is how some can still cling to the notion that Maliki has won a 3rd term as prime minister already. I do not expect that Iraq will take 5-6 months to form this new government as in 2010. This government should be formed quickly since they have been planning for this since 2012. [post 1 of 2....stay tuned]
6-2-2014 Newshound Guru Kaperoni Article: "Concerned : non- adoption of the budget is causing economic recession" Quote: "that under the current circumstances make it difficult to control the exchange rate of the dollar due to the central bank to pump large quantities of hard currency to the money transfer companies." ...until they open the banking system to the world, these banks are nothing but currency dealers...and now we see through this article, that business may be in jeopardy as a result of allowing money transfer companies to go direct to the CBI. This may be more than just the reduction of the spread (Official Rate/Market Rate), but the indication that the CBI is planning to move to Article VIII much more quickly that we may have thought so these banks can do real business!
6-2-2014 Newshound Guru Millionday this is huge and is titled the FUTURE ...from the economic plan for Iraq. Quote: "...oil revenues the focus of the subject and present certainly which is expected to reach 5 trillion dollars in the course of the year 2035, according to estimates..." ...Iraq is depended on entirely for the new energy market with their reforms and also the global energy changes. this...tells us the huge position that Iraq will hold in trade and of course economic resolve for the globe. they are stating at this time that the change that Iraq represents is huge for all of the globe and of course for them as well -- during the massive press conferences they have informed the citizens of what is to come and they have also now informed it would seem the globe that they are in a hurry...
6-2-2014 Newshound Guru Aggiedad77 Article: "Kurdistan: Maliki rejected all initiatives put forward to resolve the dispute oil" There are many points to this article....but basically with the exception of one point...it is all old news.....the new point is that the Kurds are accusing Maliki of being the one to cause the budget to be postponed until after the elections...this is not some effort of other blocs....primarily believed to have been Najafi's delay tactics...it really doesn't matter, the fact is they have sat on their hands for almost 2 months now and haven't done anything or made any attempt to even look at the budget...meanwhile oil flows out of the Kurdistan and is going overseas to Europe.
6-2-2014 Intel Guru Jester THIS IS A HUGE UNDERTAKING AND THEY ARE NOT WAITING ON ONE THING...THAT IS NOT THE WAY IT WORKS...THERE IS NO ONE THING THAT WILL TRIP THE TRIGGER... WELL SOME DAY THERE WILL BE ONE THING LEFT BUT...THERE IS A SERIES OF EVENTS THAT HAS TO HAPPEN TO MAKE THIS THING WORK RIGHT...AND THAT IS WHAT THEY ARE DOING...IS IT TAKING LONGER THAN THEY THOUGHT...YES...IT IS TIMING AND POLITICS.
6-2-2014 Intel Guru WILDDUCK TIME WILL TELL AND THIS HAS BEEN THE BIGGEST DISINFORMATION WEEK I HAVE SEEN SINCE I GOT IN THIS...LIKE I ALWAYS SAID THIS WILL LIMP INTO VIEW
6-1-2014 Newshound Guru Millionday [they've said many times they were ready to pass the budget. What's different this time? I feel like they're the boy crying wolf.] they are saying that they will have the budget done and ready before the 14th of june. they need money to move forward and have made it very clear that the only way to get it is to push forward the budget and tariff taxes. [Projects still going on line tomorrow (June 1st)?] the projects are supposed to begin by...the 1st of june per order of the UN -- i dont know if they will, but the order was in ink. [post 2 of 2]
6-1-2014 Newshound Guru Millionday [Are they doing the budget now and monetary reform along with deleting the zeros in june?] they are doing the budget now and laying it out with the five year plan and the final accounts from 2013. they are calling to move forward with budget and also the vote for the budget is ready but had lack in quorum...they can pass it with majority and told the citizens they were going to -- so again they keep contradicting what they say and of course when they will be done. [post 1 of 2....stay tuned]
6-1-2014 Newshound Guru Aggiedad77 Article: "The appearance of Mohammed Saleh: central bank's measures will not lead to the stability of the exchange rate of the dinar against the dollar" Dr. Mohammed Saleh is quoted as saying the act by the CBI to allow money transfer companies to buy the dollar without any middle bank being involved will not lead to stability of the dinar against the dollar...he says that this action will surely reduce the transaction costs but will not be seen as a solution...he claims the solution would be to meet the needs of the foreign currency market...he says the action by the CBI will succeed in lowering the price of the dollar.
6-1-2014 Newshound Guru chattels i do believe that the outcome of the PM vote / selection will surprise us, but unfortunately for me that element of surprise does not rule out Maliki.
6-1-2014 Newshound Guru Kaperoni I just want to see gradual appreciation of the dinar based on the economic progress...as the economy grows, so does the dinar. If they implement this "deletion of zeros" it might not be what we want! I would rather see the dinar rise gradually and be assured that the we will eventually see significant returns on the dinar then take a chance on some overnight event that may not end up as we want it to...there is no way to know with absolute certainty that any overnight event would benefit us. But a gradual appreciation of the dinar based on the Balassa-Samuelson effect will! I want to see them raise the value gradually, and when it is 1 to $1 or about, apply the Law of Indebitness to correct all accounting and financial records.
6-1-2014 Newshound Guru Enorrste [At 1187 CBI rate, 1210 is exactly 2% spread, so I dare say we're compliant, folks.] The only numbers we need to concern ourselves about are the numbers that the IMF is using. Speculation on this matter is interesting, but not highly productive. In the end, when the IMF sees that Iraq is in compliance, then we will see our opportunity. Until then, however, we are all just hoping. Unfortunately, I don't know just how the IMF looks at this. We have 1166 and 1179 and now 1189 as potential "official" rates. Unless the IMF accepts 1189, however, we may still be a way off in getting in the "compliance" that they are looking for.
6-1-2014 Newshound Guru chattels ...anyone who says that it has to happen on or before this date and /or because of this, that or the other, has been WRONG. this event is far too important to be PREDICTABLE. this event is a matter of national security for Iraq, nobody is supposed to know, even Dr. Shabbibi said that he DID NOT KNOW. Shabbibi also said that if he did know that he could not say.
6-1-2014 Newshound/Intel Guru BGG based on what I hear from my contacts (not various other researchers or Gurus) I am very encouraged about the state of our investment. I will say this - no matter who is "elected" or what the various twists and turns - it is unlikely we'll be at this for much longer.
6-1-2014 Intel Guru TD The CBI has been asked to let things form & stabilize before any major monetary policies are executed. While the CBI is autonomous in theory, there is inter dependance among the executive & legislative branches. Don't be surprised to see announcements regarding deletion of the zeros project, IMF & WTO compliance issues, international capital & investment banking reforms as targets of programs to roll out in 2015. This is Iraq and a snails pace of "things to do" hasn't changed one bit. June, which was stated previously as a month of goals & actions will come & go without enactment of anything major relative to the dinar, it's rate or status. [post 2 of 2]
6-1-2014 Intel Guru TD I'm told there's much to sort out & put in place with the new government. Key positions of political players being fought over. The Kurds are waiting to see if coalition power will be in their best interests. They have expressed to everyone that they are in a "wait & see" mode and only THEY will decide the best interests of their future. Coupled with this is Parliament who also has various laws still to enact to move the country into a market driven, international platform of investment & trade. [post 1 of 2....stay tuned]
6-1-2014 Intel Guru Jester I WAS TOLD EARLIER TODAY IT COULD BE IN THE NEXT 10 MINUTES OR THE NEXT 10 DAYS... NOW KEEP IN MIND HOW THINGS CHANGE... BUT RIGHT NOW THAT IS WHAT I AM HEARING.
6-1-2014 Intel/Newshound Guru Poppy3 HAVEN'T THEY PUT IN INK THAT THEY WILL HAVE A ISX TRADABLE CURRENCY IN THE MONTH OF JUNE OR THE MIDDLE OF 2014...WE ARE THERE...SOUNDS PRETTY SOLID TO ME. THAT WAS SAID SEVERAL TIMES BY SEVERAL PEOPLE IN THE CBI AND GOI.
6-1-2014 Intel Guru Bluwolf ...monies have been loaded in all world banks, we are basil 3 compliant and so is the rest of the world, we are just waiting for the 800# now. There are no restraints or delays...Expect to be surprised at any second. Imo there will be a new PM in Iraq and as soon as we see the results officially then it must go internationally immediately as a sovereign nation with its full values in its currency.
Next week: Start activating the social peace document
New Iraqi Protest Movement Targets Corrruption
Sectarian Divisions Cast Long Shadow Over Iraqi Elections
Prospects of Shiite ‘National Alliance’ Hinge on Maliki
I don’t think they can go another 10 days
Global Currency Reset has already been authorized