In today’s news letter I am giving you some timelines. Why?
I have devoted this news letter to these timelines because I want all of us to be watchful for the completion of these events tied to these timelines.
I believe fully that seeing the announcement of the IQD revaluation is now tied to these events. I believe the RV could happen as any stage of the process after June 10th but I am saying it is most likely to happen just before or just after the announcement of the newly formed government’s completion expected to happen on July 15th. .
Many are spreading rumors that the RV can happen at second now. They have said this now for months upon months now. So where is it?
Technically it could have happened and it would have if the USA had let the roll process complete. They did not and I believe they will not until at least two things happen:
1) they feel certain which way the government of Iraq is going. ]
2) the base currency IQD rate has a strong potential to rise very quickly once rolled out fully to the international exchanges. The USA needs the rate to be high since oil credits are based on this. The higher the rate the more oil. China and Vietnam already have fixed contracts and so they would have liked the GCR to have happened months ago. They are also not as involved in the process as the USA is.
All sanctions have now been lifted from Iraq and with each of these types of benchmarks the USA loses more and more control over Iraq and it’s power to intervene in the Iraq affairs. Some say there is still a matter of the Status of Forces Agreement (SOFA) to help in this area but this agreement expired at midnight on December 31, 2011 when all US forces were officially withdrawn from Iraq. Do you remember the big celebrations?
What most do not know is that SOFA was replaced with a Strategic Framework Agreement (SFA) between Iraq and the United States prior to the USA pulling out. It is a very broad agreement as you can see in the goals of the agreement. It is aimed at ensuring international cooperation including minority ethnicity, gender, and belief interests and other constitutional rights; threat deterrence; exchange students; education; and cooperation in the areas of energy development, environmental hygiene, health care, information technology, communications, and law enforcement.
So what I am trying to say is stability of Iraq through the stability of an honest, working, united government (with common goals beneficial to Iraq) is primary to the USA. They have stated this many times I the past. Did you forget? Are you so hyped up to go to the bank from all these conference calls that you forgot?
It is much easier for the USA to wait to see what happens in this election than to RV the currency and then to regret it later since completing the entire international process with another corrupt government in place may only result in the USA having to send more troops to Iraq in the future or impose yet more sanctions again, costing billions and possibly more American lives lost. Did I mention the all the red tape with the UN.
So I believe they are taking the path of least resistance. Just because I am stating what I truly believe to be the truth does not mean I am in favor of it or want to wait for the RV any more than you do.
We must however consider all aspects and use some common sense out of the intel being provided to us by our sources as to what is stalling this revaluation. The information is all out there (like pieces to a puzzle) we just have to read it correctly and piece it together. The picture is quite clear now.
Are we all so hyped up to see the RV that we are now closed minded as to what is happening right in front of our noses?
It is my strong feeling we are still looking at possibly around mid July towards the end of July before we see the announce of the fully, functional, stable government. I certainly hope it all happens prior to this date. It could potentially happen at any one of the final stages of this election process.
When will the USA feel the government of Iraq is stable enough to finally let the RV go?
It is not long from now since we are about to enter into the final 30 day window of the process to build a new Iraq government.
The IQD rate will be high when it comes out and it will climb very quickly. The projections for the IFX this week and the amount of CBI reserves (and gold) is an indicator of this. Iraq has met all necessary Basel III requirements and beyond for valuation of a very, very high rate as an asset backed currency.