Implementation of HCL
This week we had the best confirmation ever by Kurdistan and the oil ministry of the full and now undisputed evidence of the implementation of the hydrogen carbon law (HCL). There were many articles on this subject. I will not list them all now since I believe it is only a confirmation and this issue has been settled for some time already.
It is not for me to just tell you and try to convince you that HCL is done as you can now see if for yoursef.
We can now see the proof for ourselves in this article as yet another payment is being made to the Kurdistan region in the sum of $455 million this month. It is becoming now routine. Again this is amazing news as this country slowly progresses into normalcy. We can see it all evolving in each article. Wow !
Roudao - Baghdad
Finance Minister Hoshyar Zebari, on Thursday, that the Iraqi government had sent $ 455 million to the province of Kurdistan.
Zebari said, the network Roudao media, said that "the Baghdad government has sent $ 455 million to the Kurdistan region under an agreement signed between the two parties."
The Minister of Finance, that the Kurdistan Region's share of the financial budget of 17%, and was sent today by the federal government to the region less than agreed, but Iraq does not have enough money at the moment. Adding, "will be paid dues Kurdistan Region not on the amounts."
Zebari said, "part of the amount that was sent today also Peshmerga salaries." Noting that "sending money means that the parties are committed to the oil agreement."
Could this HCL deal get any clearer that they are making payments on the 17% as agreed ! This is wonderful and exciting news. I am dancing for joy !
Stabilization of the Dinar against the USD
We have also seen many articles coming out of the finance ministry and the CBI on this topic. Once again I tell you this is not about the dinar revaluation and is more about stability to the 1166 rate since with the increase in the USD value it has impacted and adjusted the dinar to 1270 rate, which is not stable and not sustainable for Iraq. so don’t get hyped up and confused when you read these type of articles. They have nothing to do with revaluation of their currency.
The sudden and upward trend in USD value has impacted many countries. Of course it has impacted them what do you think would happen? You are only so bent on the revaluation happening any day and any time that any article talking about the dinar value gets your attention and is made into hype. The CBI is assuring the IMF, more than anyone else in these articles, that they are taking care of the matter and will have it resolved in the month of April. Of course this is good news.
But I will say this also on this topic. Iraq must prove to the IMF that is can stabilize its currency and control it prior to any revaluation happening and bringing their currency it back on-line to pre-war levels. This however has already been accomplished in the past and this requirement satisfied. We have seen a steady rate of the dinar with minor periods of acceptable fluctuations. This was one of the purposes for the currency auctions and to why now the CBI has decided to stop them but will they. I am told when we get close to final announcement of the RV they will announce currency auctions are ending.
So out pops these articles! Amazing ! What is going on here?
2 Articles Follow:
Parliamentary Finance Committee hosted, on Wednesday, Finance Minister Hoshyar Zebari.
According to a parliamentary source familiar, told all of Iraq [where], that he "has hosted Zebari and a number of general managers in the ministry to discuss the hard currency leakage to the outside, and the ways and measures to maintain the exchange rate of the dinar
The parliamentary finance committee stressed that the Central Bank of Iraq assured the stability of the dinar against the dollar during this month.
According to a member of the Committee Magda al-Tamimi said that "the recent measures of the Central Bank were not the main reason behind the rise in the dollar exchange rate against the dinar, but speculators in the market are made Dollar rises", pointing out that "the central bank should be more careful on the market and control of banking companies and banks that deal to sell the dollar. " Tamimi reported that "the bank in another connection by the Committee assured that the month of April will see the current stability of the dollar against the dinar and return to their normal price, due to a series of steps carried out by the results of which will appear soon."
It is said that the Iraqi dinar exchange rate against the dollar had witnessed a decline over the past few days where he arrived to 1270 dinars to the dollar, while the Central Bank of Iraq depends 1166 fixed exchange rate to the dollar.
This is a very old article and a repeat of a January 2015 article. But the importance is they want you to know they are taking measures.
Second article (proposal once again to end the auctions- will they this time? )
Parliamentary Finance Committee proposed, Sunday, cancel an auction of foreign currency at the central bank, confirmed that it will lead to lower prices in front of the Iraqi dinar.
The committee member said Masood Haider told / information / "The Finance Committee submitted a proposal to cancel the auction at the Central Bank, in order to reduce the foreign currency rate against the Iraqi dinar." (The dollar would be a foreign currency to them!!!)
He said Haider, that "the proposal stressed the need to replace the auction process hard currency distribution on civil and government banks in a fair way by the competition, because the auction may impact on the Iraqi economy and led to Nzifa," adding that "it will lead to lower foreign currency exchange rate either Iraqi dinar. "
The past few weeks have seen a remarkable increase the price of foreign currencies against the Iraqi dinar, despite the central bank to sell those currencies is reduced
Crash of the US Dollar (USD)
In my last news letter I gave some insight as to measures taken for the stability of the USD and why a crash of te US Dollar is not in the near future. I can see from many responses to my last news letter there are still some confusion. So let me clarify it some more.
Everyone reading this post probably knows how the USD is currently inflated in value and we now hear that a downward adjustment will most likely happen. This adjustment is in terms of a devaluation and simply nothing more than a downward adjustment probably back to levels before the spike. Did the US dollar CRASH then. No - It will not a CRASH as many predict.
Normal fluctuations such as devaluations and revaluations of currencies happen everyday. This is going to be a bit more drastic since we are now experiencing a drastic spike but non the less it will level off.
But people are tending to use the term CRASH in the wrong persepective. This is not a CRASH but an adjustment. Once again many of the gurus out there are using this as a scare tactic and putting fear in the hearts of you folks. As I said they do this to sell gold and their literature (books) and videos.
Remember anything told to you that hits that fear button and doing anything out of fear should be an instant RED FLAG for you now and in the future (especially once you have all this newly found money).
So why did the USD really increase so suddenly in value? Again I needed to explore this phenomenon myself since no one could give me a reasonable explanation. I will try to do so today and I will try to keep it simple and as short as possible. I am not a financial advisor and am not giving any financial advice. This is my opinion through the research I have done and nothing more.
It all begins with China. China needs oil and USA has plenty of them ( at least potential credits once we exchange). Of course it is in oil futures. Future oil credits from Iraq. The IMF has instituted (and the USA agreed to them) the new asset backed requirements for currencies. These requirements can be complicated. So I will explain in simple terms since I too do not know all the details. There is an updated electronic system that calculates the new values periodically. Eventually this system will replace the old outdated system now being used. Eventually it will run daily making constant adjustments to currency values around the world. So to meet these new asset backed requirements, the USA has to fulfill the gold backing requirement (only a %) we have all heard so much about.
Many got confused on this matter and assumed the USA was returning to a full-gold backed currency once again. If you have any intelligence you should know this would be impossible to do. It also would not be sound currency regulations anyhow since this is what got the world in the mess in 1930’s big crash in the first place and changed for that very reason. So there is a ratio of gold needed to back any countries currency. It is not the same ratio for all countries as some are more developed than other and some have other resources that can compensate for the lack of gold.
The USA then must fulfill its IMF ratio requirements of gold to back its currency. It can not do this fully in the short run and this will be a slow long term effort. So China has plenty of gold and the USA needed it. An opportunity was presented and the USA went for it. A deal was struck over a year ago and hundreds of billions in gold was transferred the USA. This locked in China to oil rates and the much needed oil supplies.
So you see when this gold finally hit the USA and was accounted for, thus entered into the algorithm, the system generated a new rate for the USD. It had to be higher since the gold obtained from China is now backing it. This was not previously the case since President Truman signed into law abolishing the gold standard in the 40’s. (Actually the former deceased FDR worked out the details but it was not ratified in time since FDR suddenly died).
So now we have this new calculated value to the USD currency. Gold prices too began to rise in response since scarcity plus demand equals increase in value….right? All this gold now locked up by the USA is no longer on the market. Gold is tracked very carefully since the depression.
Now we are hearing that the USD will be adjusted once the IQD (Iraqi Dinar) goes international. When will this happen? This will happen when the new algorithm officially replaces the old and the dinar will be one of the driving force for many currency adjustments (at least in the beginning). The dinar revaluation must occur first however. The USD will be one of them as part of the equation. The USD rate will simply settle down to a more practical rate at this time. So enjoy it now……lol….If you are planning a European vacation in the near future this is the time to buy your EUROs.
However it is not going to be a CRASH as some wrongly use this terminology. Hope this helps clarify this subject once and for all.
Other Currencies about to Undergo Revaluations?
For many years now we have heard this term “GCR” meaning global currency reset. These intel gurus once again have played with your minds and confused you. There is in fact no such thing as a GCR. It is not even a term familiar to the IMF and they should know better if in fact they were legitimate. However they are persistent in using this term. It is a layman’s term and come to mean 190+ currencies all revaluing all at once. Simply not true and will never happen! Now of course when they are challenged on this matter they conveniently claim that is has been scaled down to just a few currencies. Really? I have been telling you this all along. Have you been listening?
So what is going to happen? There are a few other currencies that will in fact revalue very significantly and the IMF is holding off on these currencies to coincide with the Iraqi dinar revaluation. They are doing this for a purpose and there is a method to the madness. One example is the Vietnamese Dong.
The currency was scheduled to finally revalue and come on-line again after a decade of war and decades of post war however money laundering and terrorist funding was discovered and the program was halted. Since 2011 much progress has been made and you can see the numerous meetings with the IMF and developments since. It has been over 3 years since the IMF slapped on currency moratorium on Vietnam and so this is due to be lifted soon. I suspect it will and this revaluation will happen very soon. Just my opinion.
So out pops many articles in the recent past about Vietnam. Why all of a sudden now?
Recent Article follows:
If you thought Asia's manufacturing giants are just China, South Korea and Thailand, say hello to a new one: Vietnam. Its benchmark purchasing managers' index for manufacturing has expanded -- a reading above 50 -- every month since Aug. 2013, according to HSBC and Markit Economics.
That feat is unmatched by any other Asian country that HSBC and Markit track. By contrast, China's manufacturing PMI has contracted in eight months in that same period. Thailand's manufacturing, as measured by the government, contracted for 22 months through January.
Another fine example is with the country of Zimbabwe. We recently read many, many articles on the progression of this nation and its new president. Will this new president conform to the people’s wishes or play the same dictatorship stuff all over again?
Zimbabwe too had gone through many years of turmoil and civil war. This country is not a poor country by any stretch of the imagination. It has vast wealth in its resources but has been grossly mismanaged. Corruption has been linked to this abuse and so like so many countries, the wealth of a nation can be taken, robbed and stolen by its own government.
We see too how this corruption was orchestrated in Iraq, as we follow its revaluation process and charges now against the former prime minister Nori Al-Maliki in this matter. We are all too familiar with this now and know fully the tactics they try. This is why the diligence from us as citizens of any nation must do to challenge these bastards who attempt to take our countries from us. This is true democracy. It was so bad that the IMF had to also issue a moratorium on the Zibabwe but not after unsuccessfully attempting to reissue the currency many times. So what will make this time any different?
The IMF has purposes. You might want to read Article 1 in the below link. It will surely help you understand where they want to go with some of these underdeveloped countries especially now Zimbabwe and Vietnam. These are now the IMF’s “pet” projects. These countries are way overdue to come back online.
Remember PEACE comes through people having food on their tables and stable jobs. For this they will need fair trade and for this a stable, accurately valued currency. This is the only way dictators can not exist in this world. De-stabilized governments are breading grounds for these wacky individuals and their goons who are bent on supreme power and the corruption it brings.
With Vietnam and Zimbabwe we also see new rates appearing at the banks (significantly higher) when the algorithms run to recalculate so we can surmise something is up in the near future.
Another currency I am hearing about is the Iranian Rials (IRR) and I do not understand the investment attitudes on this one. I am hearing this on many of the intel calls and forums. Why would anyone be considering investing in the Rial at this point in time?
I know it has had a significant devaluation as the country of Iran and is under a major embargo and hyperinflation.
First- personally I wonder why anyone would get involved with it now? It is illegal to personally posses Rials in the USA in the first place so be aware of anyone trying to sell them to you. Did you know that? Iran is on the current terrorist list thus it is illegal to posses the currency.
Secondly you can invest using FOREX in Iran as the currency is not yet entirely shut off internationally like was done with Iraq. There is not yet a reason to do so and the IMF would never do this unless at a state of war and requested for specific reasons.
Sure but why now I keep asking. Why tie up your funds? Why not buy dinar or one of the other currencies set for significant increases in the very near future. It will be years if not decades before Iran bounces back. First there are going to be gloomier days ahead. I can assure you of this. There is no executive order allowing citizens or companies to posses this currency.
There is going to be a major push with Iran soon. This time it will be led by an insider middle eastern coalition also threatened by Iran’s irresponsible nuclear threat. When the dust settles if we are allowed to own rials this may in fact be a very good investment, in my opinion. Remember you can make the most from these war torn countries when their currencies are at their hyper inflated values. But be ready, as in the Iraqi dinar, to hold them for the long haul.
The Coming Judgment Day for Iran
Fate of Iran, but first the USA president is giving diplomacy one last chance to work. We have heard his speech on this topic recently. These recent nuclear arms talks are the end of the line for Iran. Either now they tote the line or suffer the consequences. I personally believe the USA already knows the final outcome as Iran will not live up to any agreement, as it has never lived up to any past agreements. These talks are simply Iranian appeasement and they are stalling for time to develop the needed weapons of mass destruction. Well now we hear they have until June to abide. Does June mean anything to you now? Hint,,,Hint…! For the USA they are going through the motions in the hope of Iran toting the line but know the inevitable and are preparing to take serious actions.
Peace and Luv To Ya All,