SWFloridaGuru In addition to hosting the Summit next week Iraq has taken steps to enhance economic growth and develop their financial sector to serve the nation. Iraq is in full compliance with all chapter7 mandates. All that is left is for the UN to release them. This has always been a joint effort and the only way to ensure the stability of the dinar and provide the necessaryfinancial plans for it's development is by taking all the necessary steps that cannot be bypassed.
Historian This change in the WB head is huge. Folks don't realize that the RV can only happen if there is a change in global financial power. And now we are
seeing that...the progress of the RV could not have come this far if the action
behind the scene didn't match it.
PTR Chat:::::::We spoke with Dan, Tony and Gary… its “No bad news, all good news and for the first time the choir is singing in harmony...” - I hope that the fat lady starts singing …soon…
[shiek] Iraqs payment to Egypt is due tomorow, 405 million dollars worth
[Harmony] IRAQ has a credit rating just like everyone else, a part of getting that credit rating higher is to borrow money and pay it back
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shiek] Iraq has quite a large cash foriegn reserves shabbibi has built up. His reserves are to support initial RV rate. They have very little debt. Much of their restitution for saddams debts have been forgiven. In return for what? Anyone?
shiek] Brokerman many central banks are loaded with dinar along with other debters. They wait for payout!
[brokerman] shiek that's one reason that gives me confidence this will happen!
whitfi10] hopeful2&2 the coordinated release I mentioned would be a global event and banks everywhere have probably requested a preparatory grace period to assess what the "rate" will do to their banking infrastructure and how their anticipated new customers will behave. This would be needed to support or take advantage of the situation that would best favor banks.
Harmony] whitfi10 in your opinion, wouldnt you think they have had ALL THIS TIME to already asses this?
whitfi10] Harmony no, because up to this point uncertainty has driven the banks planning and forecasting strategies....now that thy "supposedly" have a fixed number it is much more certain and predictable for the banks to run simulations on what the dinar cash in will do to their banking infrastructure. I would expect the UST to be doing the same thing since the dollar is the world's reserve currency and all bankin institutions in someway rely on the UST for some sort of guidance
[whitfi10] Harmony keep in mind when I say the world's banking institutions rely on the UST for guidance that may be as much as when an adversary relies on the steps his enemy takes so they can an their next move. We have to just wait...which sucks
[jc1958] If someone tells me ASN, I would take it to mean within that day no more than 24 hours...same for AMN
[Ok rocks] ArizonaHeat it means pretty much now to me but in my dinar world it means only an alert to watch
[Dumpling Squirrel]ArizonaHeat Closer than any minute...like immediately. "ASN" is crazy and a bit careless.
[ArizonaHeat] ok, now next question, you are in a room with a bomb in it, due to go off ASN. how long do you stick around?
cleatus] rizonaHeat Have you ever noticed that the phrase "just a minute" depends on which side of the bathroom door you are on??:
RoseRedTyler] ArizonaHeat what are you trying to tell us....Point??
[ArizonaHeat] RoseRedTyler my point is, before anyone uses the term asn, they should understand what it means to all of us, thats my point
[kittykat4fun] ready ready I am thinking it doesn't matter if people think it has to be done before the summit because we have been told over and over again it has to be done before this or that. Seems there is no rhymn or reason as to what makes it imperative it gets done. I go with any time it can happen.