12-30-12 Hame55: World Bank and IMF are run by our people....the UN is run by Security Council - of which we have a veto vote and much influence. I am sure Russia stands to profit by the iqd too.
So "going thru" these place to get to the RV is not that bad. I will not presume to speculate on what the hold-up has been. They are just not ready. But I seriously doubt it has to do with Iraq and their internal squabbling. I think that's a side show, along with articles stating timelines for "dropping the zeros." This is too big for Iraq to make this decision alone.
But then again, it is not as big as Bluedog says, that the IQD is going to be the main global reset currency - let's face it: it is a war-torn, third world country with a fledgling currency. It may be one of the basket of reset currencies, if all this "reset" stuff is true.
I personally doubt there is that much global cooperation among money people. There are too many competing interests. I think the reset people just want/fear a global currency reset based on assets. Probably not going to happen if it already hasn't yet.
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12-30-12 Kaperoni: I don’t think its going to be an RV. I think it’s going to be a float. I think we may see it start on the 1st but it seems unlikely. Parliament is now out until the 8th of January. There were literally hundreds of articles last spring about 1-1.
There were articles from the CBI...from the US Govt...from parliament, that all talk about a 1 to 1. Even economists have come out and said they want to make the dinar equal to the US dollar.
In that sense, there is a lot of support for a 1-1 exchange rate right out of the shoot...this was what was going to happen until the end of this summer when we started to get the indication that they were going to free float the currency. The support is now there for this.
Now whether they end up going that route or RVing it to 1-1, we just won’t know until it happens. But we’re pretty confident they are going to float it but when it happens is any one’s guess. It appears to me that something has to happen, has to begin, fairly soon.
When I say fairly soon, it could be a week, 3 weeks, a month, 1 ½ months. With the Feb 23rd deadline for the IMF Standby Agreement, with some of the events that we read in the articles...it appears to me that they want to open up the market to bring investment in and that means getting their currency on an international level. And remember the Iraqi stock exchange is supposed to be going international starting in January as well.
I’m not going to say we’re going to have a 1-1 in January but I certainly believe that they need to start this thing pretty quick. And that being said, if it does go into a float, I wouldn’t be too disappointed because as Steve [Enorrste?] has stated...he thinks it will go up fairly quick. Even if it started January 1st in a free float it could in three months be at 1-1.
12-30-12 BlueDog (Trader): KAPERONI'S POSTS ARE USUALLY RELIABLE. HE SEEMS TO BE ONE OF THE VERY FEW WHO CAN WRITE, THINK AND CONCLUDE PROPERLY. I THINK MOST OF US SHOULD PAY ATTENTION TO MR. KAPERONI.
HE MAY WELL BE SPOT ON WITH THIS CURRENT ARTICLE. IF IT WERE TO BE A FLOAT ---- THE VERY IDEA THAT INVESTORS WOULD BUY MORE DINAR IS WHAT WOULD BE THE DRIVING FORCE TO RAISE THE VALUE IN A FREE MARKET.
BUT IF WE CAN BELIEVE SOME OF THE SMARTER PEOPLE (SUCH AS TONY BREITLING) THE AMOUNT OF DINAR IN CIRCULATION HAS ALREADY BEEN REDUCED DRASTICALLY BY THE CBI. THERE APPEARS NOW TO BE A DEFINED, LIMITED AMOUNT OF DINAR REMAINING IN DEALERS' HANDS TO BE BOUGHT BY INVESTORS.
IT IS MY UNDERSTANDING THE "BIG DOGS" HAVE THEIR DINAR IN HAND. THE TOTAL NUMBER AND AMOUNT IN THE INDIVIDUAL INVESTOR WORLD IS RELATIVELY SMALL COMPARED TO THE BIGGER DOGS.