4-28-2012 Austin-Powers-For-PM: I’ve noticed over the past several months that Guru’s are starting to hyper focus. One guru does nothing but obsess on bank screens, another zero’s in on the IMF, and still others analyze every detail of Iraqi politics, and there are even a few who look at the minutia of global economics and believe that holds the key to the RV.
They spend way to much energy telling others how they are right and everybody else is wrong.
The fact is that THEY ARE ALL RIGHT!!
This whole process is sort of like multiple houses of cards being built one right next to each other. They are being built at the same height and the same pace because one cannot outpace the other since they are all dependent on each other to stay erect. If one falls they are all affected.
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If the whole Iraqi political process collapses into a heap and civil war starts to erupt, there is no way the IMF will allow them to RV. If the bank software doesn’t work, there is no way that a global currency reset can happen due to the issues that would transpire.
If different countries decide to impose their will on this whole process and expect to get preferential treatment, other countries will not accept any sort of currency revaluation.
The fact that we see “TBA” on bank screens is a fantastic indicator that this is close, but by itself does not indicate that it will RV tomorrow.
The strong indications that the National Conference is virtually on top of us lets us know that Iraq has just about wrestled Maliki to the ground and that they are just about ready, but by itself does not indicate that it will RV this weekend.
Even Shabibi delivering the supposed magic“codes” to the BIS still does not tell us that the RV will happen by 11:00 AM tomorrow. However all of them tell put together tells us we are near the end of this ride.
So when someone tells you “It’s out of Iraq’s hands” or “We won’t see this until the National Conference is held and Erbil is activated”let them know that the house of cards are being built together, and we’ll see it when the roof is complete.