Bluwolf: Waiting for Gazette news, RV follows up to 72 hours after the fact.
No veto shall be issued period.
No delays whatsoever. Rates at WF should be very high if you stick to their plan.
Southwest is now prepared to arise, paymasters have been acknowledged, that is where we stand.
Fine and simple with no evil twists in the road, not like others that tend to recollect.
Ben W. February 6, 2015 at 5:53pm Latest INTEL!! from private Agent: "Be Alert from 4 ( Pacific TIme ) to 11 PM Those are the critical Hours to watch for potentially see changes on Exchange Currency today." Process look good so far. Quote.
WILDDUCK > Ben W. Ok FOREX shuts down,5PM FRIDAY AND REOPENS SUNDAY@, 2 PM UNLESS THE NEW SYSTEM IS RUNNING NOW. THEN WE GO 24/7
G T > WILDDUCK We Won't see The Dinar on Forex That Quick (Probably a few days after to get us exchanged)
Underdog > G T Possibly but the market will be easier to roll out the new currency prices when closed.
Don A. February 6, 2015 at 6:46pm
(RMN) The Mexican Peso & Brazilian Real Are Collapsing
Charts and more on link:
Back over 15 / USD for the first time since March 2009, the Mexican Peso is tumbling hard this morning... and the Brazilian Real is also tanking (back near 10-year lows) - no clear catalyst aside from further weakness in oil producer and EM FX sentiment.
Dave > Don Allen Turkey too.
[BigDog-OH] tman23: Without getting deep into the banking end... When liquidity is low...and low note count is in the market place...and your going to open the doors for an OMO (open market )... There is not a better fit time...to lift the 3 zeros....And I believe that is exactly where they are...How that has an affect on our end is yet to be seen... but scheduled to be widely publicized february 12th... 'Abadi and the Launch".
[cozmo] Finally got the Abadi speech to play .. (abadi starts at around the 8 min mark) ...
[VictoriousSecret] In the words of "Tiny Tim" from "A Christmas Carol": GOD BLESS US, EVERYONE! (hi)
From Adept1's CC Notes: DC: I hope everyone’s doing well today. We are in a very good place. In summary, we are still in a wonderful window, as we talked about on Wednesday. That’s the bottom line. In Iraq, they are very ready. The US asked for a brief pause for several different reasons, and the request was warranted. That has been cleaned up and we are ready to go again.
Iraq is ramping up again. The security situation with ISIL gets better and better. The big news in Iraq is that the Kurdish Peshmurga forces in the north are now part of the Iraqi Defense Forces, paid for out of the Budget. That is very big news, and a great unifying effort.
Everything is just ready in the CBI, finance ministry and Abadi’s office. The PM is out of the country and as soon as he gets back, I’m getting excited.
Q: how is this whole thing supposed to work when there is not enough money in the world to pay all this money. This has to be someone who came in during the last month!
DC: The dinar revaluation is based on what Iraq has in the ground – 140 billion barrels of oil in the ground, plus their agricultural capability as the breadbasket of the Middle East. Because it’s been fallow for a long time, the desert soil often has more nutrients than other soil, and they can grow a lot.
The CIA developed this plan to revalue the Iraqi dianr in the 1950s, and this plan got dusted off in during the Saddam Hussein mess. In order to do that, the country needed to be revitalized. That didn’t happen in the 1990s, but Kuwait did.
They devalued the hell out of the currency, and then revalued it. This has also been done post war in Germany, Japan and other countries over the years. They also seemed to have weapons of mass destruction in Iraq, hence the war.
So they flooded the Iraqi economy with cheap notes to push out the older Saddam notes, and then the insurgents couldn’t buy as much. Then the government of Iraq, the CBI, the IMF, etc., figured out how to polish up the jewel that Iraq could be, with all the agricultural, mineral and commercial worth that Iraq has in potential.
They spent a lot of time studying that and putting a value on it. They also put a new, stable government in place, with new banking laws, anti-corruption measures, first-world technology and other measures to stabilize the country and the economy.
They could have done it earlier but Maliki was a drag on the situation, then the US administration changed as well. The Obama administration agreed that this could be a way to improve other impoverished areas, and they made it into a GCR.
That’s much bigger and therefore more unwieldy. The US was not in charge, as such, but in practice they were able to block progress according to their own lights. By re-instating the dinar’s prior rate, you create an incredibly wealthy nation (like Kuwait) that can support economic growth and stability in the region.
How do they get the money? Through oil credits. They are offering a discount rate on something China really needs. Let’s say you need toilet paper and it’s offered have half the rate with delivery over the next fifty years – why wouldn’t you buy as much as you can?
China only produces 400,000 barrels of oil per day, and use 8,000,000 barrels. Iraq has a lot of oil, and is offering coupons called oil credits. China is buying as many of those as they can. Iraq benefits because it makes the country rich now.
Speculators want to take part because they funded Iraq’s reserves by buying dinar and now they will make money when the currency revalues. Iraq gets the most stable bank in the area and possibly the world, because it’s based on their oil AND their reserves. There were 27 trillion dollars worth of reserves on the streets when this started.
President Bush said that Iraq would pay for itself. The US took four trillion of those reserves, and other countries took some proportionately. About 19 trillion is left over, and a couple of those went out to speculators. The rest stayed in Iraq or to other Middle Eastern countries. In the last few years, the CBI has been pulling in that currency; they have pulled 97% of the paper currency out of Iraq, which is why the remaining currency in circulation is taped together.
They have been removing and destroying dinar; we aren’t selling ours, so there isn’t much left.
They have been trying to get this moving for several years here and in Iraq and due to a variety of issues (good and bad), it has been delayed. The oil credits will be given electronically out of the pool of dinar available..
If Tony has a million dinar, the bank will deliver it to the UST, who will credit the exchange dollars to Tony’s account. The UST will then trade the oil credits back to the Central Bank of Iraq, and that’s how it works.