12-19-2011 Guru Doc [RATE POST # 2] The most likely scenario is a RV at a lower rate then a gradual increase over several years. Several have suggested anywhere from $0.10 to $1.50. Statements from Iraq officials are indicating it could be on par with the USD. It is still unclear whether it would initially be on par or worked up to par value over a year or so. Our opinion is it will be around par with the USD since dedollarizaion is projected to occur around $1.10 to $1.15. Because of this we do not expect initial rates much above par with the USD and very easily could be below par and worked up to par over a year or so...we will continue to report but you must decide.
12-19-2011 Guru Doc [RATE POST # 1] We have had several questions as to rate. There are three opinions floating around on various sites. Basically they are LOP, RV at a low initial rate and increase over time, and RV at a final high rate. A LOP is simply referred to as the removal of 3 zeros with no increase in exchange rate. We maintain that this is unlikely since it does not establish the dinar as a via international currency which is a stated goal of Iraq. A second theory is RV to a rate usually quoted at or above Kuwait's. We continue to maintain this is very unlikely. Basically if this occurred the money supply would be enormous even with a redemonination. Additionally inflationary pressures would be astronomical. For these reasons we believe it is unlikely the RV will be at the $3+ range.
12-19-2011 Guru Okie_Oil_Man IT HAS TAKEN ME 8 YEARS TO FULLY UNDERSTAND HOW AND WHERE TO FOLLOW THE MONEY AND WHO IF ANY WAS PROFITING BY THE CONSTANT HOLD UP'S AND DELAY'S--WE ARE FOLLOWING THE MONEY AS IT'S VALUE IN THE ISX STOCKS THAT HAS PREVENTED THIS RV FROM OCCURING. THEY WANT TO BUY CHEAP AND SELL HIGH. THE IRAQI $ WAS BUYING INTO HE ISX INTERNALLY 'IN COUNTRY' AT A NOMINAL VALUE. THUS THE RV WAS NOT BEING ANNOUNCED 'ON PURPOSE' SO THAT "THE ISX INVESTORS COULD MAKE A PHENOMENAL RETURN ON THEIR INVESTMENT". THIS IS THE REASON UP TO NOW WHY WE HAVE MISSED CALCULATED THE ULTIMATE 'RV ACTIVATION DATE'. WE ARE NOW UNDERSTANDING HOW HISTORY IS BEING MADE. WE HAVE NOW PROGRESSED TO ECONOMICS 4.0 .
12-19-2011 Guru Med THE RECESS OF PARLIAMENT TILL JAN 3RD...WAS NOT PLANNED, IT WAS NOT A VACATION, THIS WAS A COOLING OFF PERIOD AND A TIME FOR THE TWO POLITICAL BLOCS TO MEET AND TO TRY TO RESOLVE WHAT IS WRONG...NOW AFTER FINDING OUT THAT PARLIAMENT IS CONVINCED IT IS THE RIGHT DECISION TO RAISE THE ZERO'S, IT IS NO LONGER AN ISSUE FOR ME. IT IS NOW FOR SHABIBI TO MAKE THE CALL ...SO RIGHT NOW THIS BY FAR IS THE HAPPIEST I HAVE EVER BEEN IN THIS INVESTMENT/NIGHTMARE.
12-19-2011 Guru Jonnywg NEWS FLASH FROM UNITED NATIONS ...SANCTIONS THAT WERE EXTENDED TO DEC 31ST ARE NOW OFFICIALLY END DECEMBER 23RD. IT IS PUT UP OR SHUT UP FOR IRAQ ENDING THIS WEEK.
12-19-2011 Guru Doc We know chapter 7 was not lifted and the HCL /currency law was not passed. However, much of the information is pointing to a prolonged political fight. Recent events support this assessment such as the shutdown of Parliament and the continued lack of passage of HCl. We are currently at the mercy of political gamesmanship. Because of this we continue with our opinion that the RV will not occur until these issues are resolved and it will be into 1st quarter 2012 before this happens. Could a backroom deal occur relatively quickly ? Of course but we see it as unlikely. Look for our signs - chapter 7 removal /HCl passage.
12-19-2011 Guru Jonnywg we hear all issues again resolved and the rv back on track, hopefully today. ust is working, and we hear a rate change but know not if up or down.
12-19-2011 Guru Okie_Oil_Man IMHO, IT IS MY UNDERSTANDING, THE UNITED NATIONS HAS NOW 'PLACED SANCTIONS' ON IRAQ TO RV THEIR CURRENCY TO "FORCE THE RV". THE SANCTIONS ARE FORCING THE RV PRIOR TO JANUARY 1. IMHO, THE BACKWALL CONTINUES TO BE DEC. 23, 2011.
12-19-2011 Guru Poppy3 i don't have a date but have stated many times after the 15th there is no significant date between then and the 1st day of jan so I still say at anytime until then . LOTS of great things being said and tons of just flat bull but facts are hard to come by. I am on a day by day expectation.
12-19-2011 Guru Robusto The articles have been crazy this weekend...we have half the articles say things are perfect and moving ahead and the other half sound as if they're moving toward civil war. You have a fantastic ATM article saying the CBI is moving forward installing them but how can an ATM work at the current rate?...Then we have a guy from Allawi's group who is accused of an assassination attemp on Maliki with 2 others escaping to Jordan. One article saying the parliament is behind Shabibi and deletion of the zeros and the next article says Allawi's group is boycotting parliament and a quorum can't be made--nothing can be passed without a quorum. Lots of confusion right now... we have to see how this plays out...there's ALWAYS three sides to everything.
12-19 2011 Guru Hammerman Alawi is in charge of the millitary, GOI - done, Budget - done, we should see this publically in the next few days. UN threatened if they don't RV by Friday 23rd they will go back under UN/US sanctions and we will not see this until next year. Hearing rate is $5.71, to the GBP which is $8.06.
12-19-2011 Guru Jonnywg We are awaiting info from...iraq re TALIBANI MEETING...the UN extended sanctions against iraq until end of year. We are very close to the end and will report all as it happens...THE RV CAN HAPPEN ANY TIME AND IS EXPECTED.
12-19-2011 Guru Eagle Has Landed DEJA VU ALL OVER AGAIN? It happened when the Federal Reserve Act was enacted and it is about to happen when the Iraqi Dinar revalues. The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson. Did you notice the date? DECEMBER 24, 1913. All of the Washington lawmakers were on vacation. No politician was around to answer questions. Fast-forward to DECEMBER 2011. The lawmakers are on Christmas vacation. And "poof!" The Iraqi Dinar revalues...no politicians in DC to answer the prying questions of the Press...by the time Christmas recess is over...life will be business as usual in the nation's capital.
