Iraq an economic Study

Oh, great. One of you. Yep, that might happen. Have a nice day.

test

Last Edited by ReVbo™ on 10/19/2012 12:04 PM

This is way too long to copy and paste, but check it out. Bondlady on the free float. She kinda claims credit for Kap's discovery, but her analysis is spot on.

[link to www.dinarrecaps.com]

Discussed a workshop organized by the Office of the representatives of the Iraqi parliament in the province of Maysan on the mechanism of deleting three zeros from the Iraqi currency was attended by representatives of Maysan MPs Mohammed Saadoun Chihod Rafi Abd al-Jabbar Noshi and professors from the University of Maysan and bank managers and specialists affairs and financial arithmetic and Mmmthelo civil society organizations in the province.

He Dean of the Faculty of Business and Economics at the University of Maysan Dr. Fadhel punitive's (Center Brief for the Iraqi Media Network) was axis to indicate a deletion of zeros between pro and exhibitions have been put forward ideas from both sides., A positive action must be done by the state after a period became the signs of improvement of economic Iraqi and also the process of deletion of zeros to a complete change, but constitute a psychological, economic and easy to handle in cash and remain the Iraqi dinar doomed economically sectors that support within the Iraqi economy. apprehensive state of Iraq when it comes out of the item Alsba to Aabdi economic well but as a measure to have been affected when, not Iraq only country , who intends to delete the zeros its currency, but there are countries, including Sudan changed its currency and deleted from the Sudanese pound zeros.'m with the deletion of zeros, but there should be strong measures and strict in the process of replacing the zeros and to develop procedures for the replacement process and not rush out of fear of the process of money laundering. For his part, MP Mohammed Saadoun Chihod's (Center Brief for the Iraqi Media Network) that economic reforms must be along the lines of political reform, one of the requirements of the current stage and economics Iraq now need to reform and placed the deletion of zeros is one of the economic reforms that elevate the Iraqi economy to the level of our ambitions, but Multi deleted zeros do more harm than good at this stage, where the challenges facing the country, including the economic and fear of corruption and fraud, not to mention not to strengthen the Iraqi dinar after the deletion of zeros we are with the process of deletion of zeros, but not in this difficult journey.

The first step in the economic reforms that preceded the reforms within the Central Bank of Iraq and the relationship of the central bank in charge of fiscal policy, which is under the Iraqi constitution. Within exclusive powers of the federal government is making fiscal policy of the Iraqi state at the time says he independently and far from the government and this is a problem and can not carry out the deletion of zeros under the political pressure and security challenges large. This big mistake must approve the deletion of zeros is everyone's participation in policy-making Economic by the Iraqi parliament and the Central Bank of Iraq and can not be of the Iraqi Central Bank to be alone with the process of deletion of zeros without Iraqi parliament is responsible for economic policy and financial of the country.

[link to translate.google.com]

Kaperoni:
What I get from this article is another confirmation of a float coming. This MP Mohammed Saadoun Chihod says they are for the deletion of zeros but not all at one time. In other words gradually -meaning float. He uses reasons again like the GOI said in the past like fear of corruption and fraud as reasons to not move forward. So what we are seeing here is exactly what we predicted. Postponement of the "over night" event, less problems in Iraq, fewer security challenges, etc. and a new course of action which will be a gradual rise in the value of dinar over time (which we have seen other MPs call for the CBI to begin). Then, when they feel it is appropriate, they will bring out an all new currency in Iraq, and officially announce "deletion of 3 zeros complete" which will enact the financial contractual law changing all accounting records. None of that applies to us as all we care about is the rise in value which appears to be about to begin. This is a good article for us...adds more confirmation to float, and it should start soon so they can achieve the goals of a 1 to $1 or higher by sometime middle of next year.

Admin_Bob:
This is a very good article. References to 'multi deleted zeros do more harm than good at this stage' is a clear example of saying raise one at a time. Confirming Kap's theory of a float.


Kaperoni:
It is very possible to have it 1 to $1 by the beginning of 2013, but we must be realistic if the plan is to free float the dinar. It could take 90-180 days to get to that level. When I look at articles from MP Haitham al-Jubouri calling for "delete 3 zeros" in July 2013 I get the feeling he expects the rate to be at least 1 to $1 by then. Therefore, the event in July is nothing more than new currency swap and an official declaration (which puts the financial/accounting law in place). That is substantiated by his insistence in recent days to ask the CBI to raise the value (begin the float).



Of course the CBI has clearly stated that they can only impliment this law at the first of a year so we will have to see.



In regard to the testing.... I have indirectly heard that it is complete. I have no confirmation. That being said, that does not mean it will start rising in value on the 15th. I do think it makes sense to start very soon, I just do not know when.



I am just trying to keep it real...we may have to wait a bit more than a few months to realize the rate we want. Let's hope that the CBI starts yes this month with this plan, and by Jan 1, 2013 the rate is high.

Last Edited by ReVbo™ on 10/13/2012 03:13 PM

msmortgagewiz:
I also found some information on HSBC and what might be the trading platform specific to our investment we are hearing some rumbles about. Not sure yet though. I will post it as soon as I find it again.


Read more: [link to dinarvets.com]

[link to professional.wsj.com]

Federal Reserve Chairman Ben Bernanke encouraged policy makers in developing economies to let their currencies appreciate, delivering a strongly worded counterargument to their own critiques of the Fed.

Many central bankers in developing economies have complained that the Fed's easy money policies are hurting U.S. trading partners around the world. One common refrain is that when the Fed prints money, it causes investors to search for other places to put their money, causing a potentially destabilizing rush of funds into less developed economies. The critics say this fuels inflation and asset bubbles in their countries, and threatens to push their ...

hmmm... good find

Quick no-link update... They've issued an arrest warrant for Shabibi, for corruption and money laundering, while he's been in Japan at a summit of all the world's central bankers. Shabibi has responded by saying he has a document signed by Maliki wherein Shabibi agreed to keep a few of Maliki's goons at the CBI. Speculation is that Maliki's boys were the ones doing the money laundering. Should be fun to watch. Shit is definitely hitting the fan in Baghdad.

Yes indeed

Check it out, y'all! I just made Dinar Recaps. Woohoo! Guru ReVbo, playing with the big boys. They mangled my punctuation, though, so I'm going to doctor this back up to how it should have been in the first place.

[link to www.dinarrecaps.com]

10-15-12 Revbo: The World Bank is interested exceptional developments and action is unprecedented and unexpected against Iraqi Central Bank Governor and governor Shabibi.

Sounds like the World Bank is kinda throwing Shabs under the bus.

If I'm reading this right, they're saying something like, "We like Shabibi and don't think anything will come of this, but if you're gonna throw him in jail, we want one of our guys in his place."

I expected something more like, "The charges against Shabibi are political in nature and without merit. The World Bank demands they be dropped, and Governor Shabibi be allowed to continue his work unimpeded."

As others have said, Shabibi seems to be waiting for the perfect time to push the button, and there isn't going to be a perfect time until well after the world economy is trashed even more than it already is.

*Maybe the lackluster defense is the World Bank's way of saying it's time for Shabibi to make something happen, or they're gonna toss him overboard.

*Added because the previous paragraph doesn't really make sense with the rest of the post, as it was from a different post.

Last Edited by ReVbo™ on 10/15/2012 04:12 PM

Does anyone know what 8Ball is talking about here? I heard about the 2% to Kuwait, but how do payments to Kuwait relate to "full auto?"

10-15-2012 Newshound Guru 8Ball Article: "Urgent .. the issuance of an arrest warrant against Iraqi Central Bank Governor" The CBI may just about to do it's job and of course this is Iraq ...they don't like losing the control...CBI is a private company the only way they can stop them is to arrest him...this could also be just media entertainment...we'll see. The way to think of this if they are doing this its to block Shabibi from doing something...after the 2% giveback from Kuwait I think things maybe in full auto.

Read more: [link to www.dinarguru.com]


Oh, and Med says it's going down on Wednesday, btw.

10-15-2012 Newshound Guru Med [ramesh: so we mit see RV by 17 th of this month] HOW DID YOU FIND OUT ABOUT THE 17TH...I ONLY THOUGHT I KNEW THAT. I NEVER DISCUSSED IT WITH ANYONE. I ONLY WAS WATCHING FOR IT...I HAVE KNOWN ABOUT IT FOR ABOUT 2 WKS IN A PHONE CONFERENCE I HAD ON THE QT. I GAVE MY WORD. I DIDNT WANT TO KEEP IT FROM ANYONE BUT I HONESTLY DIDNT KNOW HOW TO EXPLAIN IT WITHOUT TELLING HOW I GOT IT. [post 2 of 2]

Read more: [link to www.dinarguru.com]

Last Edited by ReVbo™ on 10/15/2012 04:36 PM

I think this will slow the RV down, no?

I guess ... I will believe it when I see it.

It might. If they go through with a prosecution which seems unlikely. Even if they don't, it could take some time to sort through this mess.

Then again, there is the alternative theory that Maliki wants the money and he's doing this to pressure Shabibi to make the move before the government is set. I guess we're about to find out what Shabs is made of.

Either way, it's a hell of a show, huh?

I don't know about the Guru part, but you are an awesome friend to us!

Where did they lift that from? Here?"

Mostly here... [link to dinarvets.com]

I think Dinar Detectives first picked up on it. That's SWFloridaGuy's website, and I've gotten to know him a little bit over the past few months at Kaperoni's site.

Yeah, the guru part is tongue firmly planted in cheek. I don't have a freakin' clue. I hope nobody's grabbing stuff from here. What happens at GLP stays at GLP, and we don't need any riffraff around here.

Last Edited by ReVbo™ on 10/15/2012 07:29 PM

Funny...

ok. I see.

So, they've appointed a replacement for Shabibi. I guess we'll find out who's got the bigger stick in the very near future. Hey, at least something's happening.

10/16/2012 - 4:37 pm | Hits: 113


Said Ali al-Moussawi, media adviser to Prime Minister vote of the Council of Ministers to assign Abdul Basit Turki to manage the central bank to further notice.

Moussawi said in a statement to the prime minister and received news agency Buratha a copy of it on Tuesday that "the Council of Ministers today voted to assign Abdul Basit Turki to manage the central bank to further notice, the successor to the Shabibi."

The Integrity Commission has the Integrity Commission ordered the arrest of Central Bank Governor Sinan al-Shabibi and 16 other officials, including the deputy governor of the Central Bank the appearance of Mohammed Saleh.

Read more: [link to dinarvets.com]



Here's my post of the month nominee, from SocalDinar that gives a good theory about our recent unpleasantness.

Maybe this is how this will play out, Shabs has been manipulating the value down and it has now been exposed by the GOI

Although he committed no crimes he is the scapegoat The Dinar can now be revalued to it's proper place.

No US , IMF or perceived world intervention. This would be entirely a soverign Iraq's decision, The people may buy it,

Maybe The small denoms are ready and were delivered by the US planes last week

Shabibi is given amnesty because he actually broke no laws and he lives the rest of his life a very rich man.

He is willing to take the fall for love of country.

Last Edited by ReVbo™ on 10/16/2012 10:53 AM

They better have some solid evidence or this will look like a dictatorial action. Power grab and take over.

Check out Shabibi's response to his ouster in his first statement since it happened.

He doesn't seem too upset by what's happened to him. This, along with Saleh's lackluster defense, the complete lack of response from the major players in Iraq and our own administration, and the World Bank, a couple days ago, saying, basically, "We like Shabibi, but if you're going to replace him, just be careful about it," makes one wonder if everybody in Iraq, and outside Iraq, is not on board with this new turn of events.

[link to translate.google.com]

On: Wednesday 10/17/2012 01:40 pm

BAGHDAD - Alaa Mousa

He Central Bank Governor Sinan al-Shabibi news that talked about his dismissal, Blur, calling Prime Minister Nuri al-Maliki to prudence in decision-making and make the interests of Iraq above all levels ...

Shabibi said who has been in office since 2003, said in contact with AFP from Tokyo after news of his dismissal: "I do not know anything about it and, God willing, there will be no arrest warrants." Noting that he met on his way to attend an important conference Iyad Allawi, raising doubts as to the Prime Minister,

He added: "The political situation is relatively stable in Iraq and the surrounding area has created a great demand for the dollar which led to a rise in the currency exchange rate recently," he said, referring especially to Iran and Syria and the sanctions imposed on these countries.

And witnessed the exchange rate of the dollar in April its highest level against the dinar since nearly four years in the local markets, a 1320 dinars per dollar, after it was steady at 1230 dinars to the dollar.

And the Iraqi government designated a new interim conservative central bank to replace the current governor suspended his order of the court.

10-17-2012 Phoenix3333 The allegations about Shabibi are real. Mr. Shabibi has been heavy into the IMF for a long time, heavy into the World Banks, he is an economic heavy weight. Maliki and Talabani met with heads from the Obama Administration, big meetings regarding the CBI, the currency & the next thing we know Shabibi has been removed & replaced. The IMF are bankers, it doesn't care about the people, it wants to know that they can get their money back. What if the IMF wanted Iraq to be so far under that they had to take out loans from the IMF. Who better to become their debtor & repay loans than Iraq with all of their wealth. So, why doesn't Iraq revalue their currency? When? What if Iraq wants their wealth back and the man put in place says no. Maybe Mr. IMF was in control there, & has now been removed. Do I think they will move forward quickly? Yes, I do.

10-17-2012 8Ball Article: "Cabinet approved the recommendations of the dinar exchange rate fluctuations and the formation of a committee to review the previous sales in auction" with all the articles about Shabibi and now a cabinet approved law to do with the rate of exchange...I'm good. Now Talibani has to approve before it goes to the gazette.

Read more: [link to www.dinarguru.com]


Ali Agha of DinarTrade:
Its appears that Shabibi is the one causing all of the delays with the currency by pushing for the redenomination for the last three years. In my opinion, maybe he was trying to hide the fact of his corruption.

[link to www.facebook.com]

Last Edited by ReVbo™ on 10/17/2012 12:33 PM

I'm just gonna put this out there, but again, I don't have a freakin' clue what's going on here.


Revbo:
Shabibi doesn't seem too upset by what's happened to him. This, along with Saleh's lackluster defense, the complete lack of response from the major players in Iraq and our own administration, and the World Bank, a couple days ago, saying, basically, "We like Shabibi, but if you're going to replace him, just be careful about it," makes one wonder if everybody in Iraq, and outside Iraq, is not on board with this new turn of events.


Tripphood:
ReVbo, the more I read the more I am thinking that Shab's was holding things up. It kinda makes sense.....look at all the opportunities that Shabibi has had to pull the trigger and didn't, makes you wonder. I've been reading a lot of different opinions and the ones that say Shab's has been on the take and holding things up could be possible. I've read also that Shab's did not want to RV, he wanted to L-word, maybe his deciding to float was merely a compromise on his part. Seems "they" are saying that Maliki has been stalling Shab's plan because he and his crew wanted a straight up RV, and the reason Shab's is gone is because they wanted someone in that position who would implement an RV. Who really knows? Why would it be impossible to believe that Shab's could be a GREAT CON man and had everyone fooled into thinking he was the good guy? Con men can do that you know.....there are crooks everywhere, especially in positions where they are making butt loads of cash as long as they keep stalling instead of pulling the trigger on a RV. I'm just saying.....no one personally knows Shabibi on these sites, all we see is the news articles that come out of Iraq and we form an opinion of a person, as to what kind of person he is, by what we read.

Only time will reveal the truth.


Revbo:
Well said, Tripp. As usual, I have no idea what's really going on here, and try to take it all in, and make an educated guess based on what I know of the various actors' motivations, because follow-the-money is the best advice I ever got. That said, we often don't know what the various actors' motivations are, so we speculate even further.



I've never fully trusted Shabibi, even though he seems like a likeable guy, but then again, so does Ben Bernanke, and I don't trust him with his Quantitative Easing any farther than I can throw him. Shabibi, as Palladium mentioned in another thread, is from the same club.



How long it takes the powers that be in Iraq, and the UN/US, to respond, and of course, what their response is, if any, to this will be very telling, but so far, I've seen nada from anybody who matters, and in government, silence equals tacit approval. I could be proven wrong in 5 minutes, but as it stands at the moment, for such a big development, they're taking their sweet time.



Shabibi-as-L-word-guy-in-Chief has been a theme for a long time by those in the Dinar community who have been vilified as actually pulling for an l-word. Whether they were right or wrong, I'm starting to see that they may not have been as ill-intentioned as a lot of us thought.



I still believe Maliki to be a power hungry dictator wannabe, but there aren't many decent human beings in the Iraqi government (Case in point: Sadr's crew murdered lots of Americans, and as soon as he's on our side against Maliki, we're all pulling for him), and if Maliki's the one to push this over the top, honestly, I don't really much care anymore.

Last Edited by ReVbo™ on 10/17/2012 04:09 PM

He will return. He said if anyone messes with my currency I will sue them. He has the International support behind him. He is a man of honor, truth, and dignity. Mark His words!
[link to translate.google.com]

We shall see. I thought that, at first, too. Now, I'm not so sure.

An article came out this morning, with statements from the government, that said this Turki is not experienced, and will only be around until either Shabibi is cleared, or someone else is appointed. Shabibi would have to have balls of steel to show back up in a country that might just kill him if he's convicted, when he's 80 years old and can retire in peace in Switzerland, surrounded by his family. Maybe he does and maybe he'll prevail, but I'm not betting on it.

Here's the article...
[link to ipairaq.com]

My money is on Ali Allawi. He's Iyad's cousin, and Ahmed Chalabi's nephew, as well as a Bremer appointee and former Princeton visiting fellow, author, and former London banker, as well as one of four names put out by the World Bank as potential replacement for Shabibi literally minutes after Shabibi was dismissed, so he would be acceptable to National Alliance, Iraqiya, US/UN, and the international banking cabal. Here's a quote of his from the recent London Iraqi finance conference.

“The opportunities in Iraq in the financial sector are the best in the world, but you have to have the appetite for riding the roller-coaster.”

– Professor Ali Allawi, former Minister of Finance


I don't know about y'all, but I've never heard Shabibi say anything like that. Allawi must know something we don't because the Iraqi banking system, at the moment, is an outdated, socialist shambles.

Last Edited by ReVbo™ on 10/19/2012 12:38 PM

Hi all made it to hawaii, should be on line more soon. sk

OH! visiting?

[link to www.youtube.com]

Great interview with Kerry Cassidy and "TMAN" from the White Hats Report on Global Economy, Dinar and Global Settlements

10 min, 18 min, 25 min talk about dinar. It's two hours long

I have property here and needed to come back to deal with some issues that have come up. Staying for the holidays at my house here and having some fun with friends for t-day and xmas. sk

Nice!

Do you plan on participating in the elections in November?

Welcome back, is your property here near the beach? It must be so nice there.

I made a new friend in this, and I really like his analysis. I'm gonna keep posting his stuff, because I think he gives excellent summaries, and he's been very prolific in the last week or so. He's an old acquaintance of Kaperoni, but has been quiet, apparently, for the past couple years.

tlar:
Although anything can happen with what's going on, the original plan was to create enough wealth for the average Iraqi to create a bank account. The CBI issued a statement earlier that told the banks to take their time in exchanging the present currency for the new lowers. In particular they wanted to set up savings and checking accounts. Let's face it. The average Iraqi today makes approximately the equivalent of $76.00 US per month and is hardly existing. My premise is this in a neutral currency exchange the money is worth no more that what it was. It might as well be like us trading in a 10 dollar bill for the new 10 dollar bill. An l-word is inconsistent with banks setting up savings and checking accounts from people who are essentially broke. One of Shabibi's stated goals that he hoped to achieve was to get people using the banks again. Remember Iraqis are gun shy of using banks because Saddam cleaned the banks out and most lost their life savings both through inflation and through this theft. The point I'm making is that in order to juice the banks and achieve this CBI stated goal there has to be some new money coming into the picture or an already broke, impoverished society will have nothing to put in those banks. There is absolutely no reason for the CBI to tell the banks "take your time and be sure to set up accounts" unless the average Iraq just came into some money. No one knows now what the plan is but I don't think a week from now these moves by Malibaba and his forty thieves will stick. I am encouraged by the growing outrage we are seeing in the newspapers. Iraq is surely experiencing a constitutional crisis. Maliki cannot morph into a complete dictator without controlling the media and silencing the opposition. His attempt to do this last week failed. He is afraid to use his military. I am sure the international community behind closed doors has threatened him with dire consequences if he tries to use the military. We have the 13000 troops already in country and another 25000 just across the border in Kuwait not to count addition troops in Turkey. No, he can't point guns at his people without fear of retaliation. We have had a Deputy of the Defence Department official meeting with the security and military apparatus on an unannounced visit since last week. IMHO the international community has had to wait, determine what's going on, is Shabibi guilty then make a decision to back Shabibi and embolden the opposition. It is not so easy just to go into a soveign nation and remove its leader. Unlike Iraq, Iraq has tasted freedom. There is a vocal outraged opposition that is growing daily and Maliki knows that he is cooked if he can't complete this soon. If he fails it is all or nothing and he will probably be tried for many crimes. In his mind he must win. He is quickly making his moves to consolidate power. He will lose and in short time. Why because as long as there is a free newspaper and the fear of using his military machine he will be overwhelmed with accusations against him and his 40 thieves. He is on lock down with the most essential tools necessary to become a dictator. The first sign of the cracks will come when MP's in his our party start to speak out against him appearing to side with the opposition. This you can classify as "the rats abandoning the ship". This IMHO will come to a head very shortly. Shabibi has become the rally point for Maliki's demise. Malibaba and his forty thieves took a calculated risk. IMHO they bit off more than they can chew and it will come back to finish them off.