Hub in order for a sovereign nation to engage in international trade, they have to have some method to exchange value for the product...who wants the dinar as it sits...no one...
Arguments are that Iraq has been trading with a tradable currency, yes they have...the dollar but no more...by constitution must use the dinar. i am very pumped about the next day or so.
Q: [did I read it right that Iraq want to have their currency close to their neighbors currency?]
Hub: tad bit above is what i think was said...i personally think in the 3.60 to 3.90 range...from day one the Iraq PTB always stated RI plus 20 % inflation.
Iko Ward: Hi Guys, I actually went and goofed off today. The ship thing is puzzling. Lots of ships in the gulf but very few off-loading in Iran and not very many in Kuwait or Iraq either. Pacific Rim is still on hold. Containers are moving from Europe ti Western Hemisphere. This lends credence to many waiting to be paid in Yuan and the Europeans suckling up what';s left of the USD. Don';t think they can hold out much longer. China already down 18% and it ain't even February.
Iko Ward: Slow day, but looking like an interesting night. Not for the RV itself, but definitely for an indication of when. Seems there had to be some last minute adjustments now that Iran is in the mix. Nothing to fear, just making room at the table for another guest.
Chicago: The actual Reset is when the yuan announces their currency as asset-backed. Not sure how long after the RV that will be...
Imperium: IMO, IRAN HAS A SOCIETY HAS SUFFERED AS A RESULT OF THE SANCTIONS THAT WERE IMPOSED BY THE US FOR SO LONG. AT THIS POINT THEY ARE SO DESPERATE TO GET IN THE GAME THAT THE INITIAL $32 BILLION OF THEI ASSETS WERE RELEASED TO THEM. THE FIRST THING THEY DID WAS SPEND $28 BILLION ON STUFF THEY NEED.
SINCE WE'VE NOW HEARD THAT IRAN AGREED TO HOLD OFF TIL IRAQ IS READY... I CAN'T IMAGINE THAT IRAN WOULD AGREE TO WAIT TOO LONG... SINCE THEY ARE SO DESPERATE TO GET GOING.
Blackeyepea : The good thing IMP is that US cannot control Iran. they will push to get things done
Blackeyepea : Some group leaders are in Reno as we type... RV and bonds will go at the same time
MARTHA - I THINK THE SOVEREIGNS MAY HAVE GONE ALREADY....FUNDED BY TREASURY AWAITING ON CODES FOR FUNDS TO BE RELEASED.... THIS WEEKEND IS SIGNIFICANT WITH EVERYTHING GOING ON
Mangelo: everyone one was expecting something to happen last night......apparently it didn't happen..
1/21/2016 03:27:00 PM SITREP (Situation Report)
4:53 PM ET
Deep Source (RV/GCR):
"All Top High and low-level sources have been told to stay quiet. UN Article VIII compliance -- the demonstration of ability to control the Iraqi Dinar within 2% achieved. Revaluation of the Iraqi Dinar is now impending."
Deep Source (Resistance):
"Consensus has been reached among the Chinese and Russian Dragon Societies along with the NRF (New Republic Faction). The NRF which includes certain Pentagon officials are standing by and awaiting the funds to launch the final blow against Khazarian control in America."
Deep Source (The Alliance):
"Battle Planet 05 and 07 uncloaked."
Note from Deep Source(s):
"Please note: Intel that is being provided from us to you is indeed accurate but completely raw and does have a tendency to not follow through. There is no denying that we are all in frustration and loss of patience. It is entirely a fact that intel being provided is real, but there are constant on-going activities that change the situation. This is agonizing but you mustn't lose hope. Nothing lasts forever."
Dnari131: China Serious About Move to Unpeg Yuan From U.S. Dollar, Says Official
January 21, 2016, 05:55:00 AM EDT By Dow Jones Business News
By Lingling Wei
DAVOS, Switzerland--A senior Chinese official Thursday affirmed China's intention to decouple its currency from the U.S. dollar, while the head of the International Monetary Fund urged Beijing to improve communication with markets about changes to its foreign-exchange regime.
For years, China has hitched the yuan's value to U.S. dollar, but its central bank signaled in December that it would break the peg and instead manage the Chinese currency against a basket of 13 currencies.
"We're serious about the basket approach," said Fang Xinghai, a senior economic adviser to the Chinese leadership, at a panel organized by the World Economic Forum here Thursday. "It's a decided strategy."
With a crawling peg, the yuan has appreciated with the strengthening U.S. dollar, hurting Chinese manufacturers while the economy is weakening. Decoupling the yuan from the dollar could help Beijing's effort to rekindle growth.
"There's some catch-up to do" when it comes to adjusting the yuan's value against the dollar, said Mr. Fang, a director-general in the Office of the Central Leading Groupon Economic and Financial Affairs, which functions like the White House'sNational Economic Council. "Once we're done with it, the yuan will be stable again," he said.
The remarks come as Chinese authorities seek to reassure global investors about Beijing's commitment to market reforms and to reshaping the world's second-largest economy so growth will be driven more by consumption, and less by debt-fueled investment.
Speaking at the same panel as Mr. Fang, IMF Managing Director Christine Lagarde called on the Chinese government to improve its communication with markets.
"Given the massive transition, there is a communication issue," she said. "Better communication certainly serves the transition."
In response, Mr. Fang said: "We should do a better job. And we're learning and doing it. I'm here to communicate."
http://www.nasdaq.com/article/china-ser ... 0121-00138