3) When Maliki is gone (ICC is about to arrest him, Abadi already told Dowa party to find another candidate for his VP position, Maliki was given to July 8th to resign or take the hard road, its now July 11th. We await for the news.
The International Criminal Court decided to refer the Chief burden of Nouri al-Maliki and senior aides to court on charges of genocide. Mr. Mohammed Al Kaabi, spokesperson for the Tribunal for the region of the Middle East, stated that among the agents of Maliki who have been charged by the Court are:
Lt. General Farouk Al-araji, Director of the Office of Al-Maliki’s military,
Lt. Gen. Ali ghaidan land forces Commander and
Defense Minister Saadoun al-dulaimi and
Adnan Al-Assadi agency Senior Deputy to Interior Ministry and
Intelligence chief Zuhair al-Gharbawi, Atta Group Director of operations and
Intelligence group Student Chagatai counter-terrorism Chief.
He disclosed that the Court has full files of the crimes committed by Al-Maliki and his associates, including genocide in Anbar, Kirkuk and the flagrant violation of human rights and brutal methods of torture and breaches of fundamental freedoms for citizens in contravention of the Geneva Conventions and the United Nations Charter and international law.
News just in – (treat as rumor for now I am verifying it). Maliki did resign- effective end of July 2015. I am wondering too if he struck another deal to limit prosecution or is this really the end of the rope for him…..lol…
4) First payout of HCL money to Iraqi citizens (finance ministry said they would do it in the June/July timeframe, it is July 11th already)
I am still waiting for this news. I still entirely expect this will happen the month of July.
5) Completion of the decentralization plan by August 6th (must get the final vote on the Federation Council and get these provincial National Guard units established). Their date not mine. We may have to wait till August for this announcement but as long as they plan is executed I do not see this holding up the RV.
Is the Vietnamese Dong really Dead?
First let me say I am not a financial advisor, planner or anything related to given financial advise to you. So please just take what I present as my opinion and what I personally have researched. You too can take the time to research for yourselves and see if you come to the same conclusions. I could be totally wrong, but I don’t believe I am.
So in my 6/27 (LINK) and 7/1 (LINK) news letters I talked about the Zimbabwe currency and I asked two important questions.
The first question was this – Is the ZIM now a collectors currency or an investment currency?
The other important question I asked was this – So what is this bank rate that keeps showing up? You know the .13 - .18 cents all these intel “gurus” keep referring to?
I drew my conclusions to the ZIM based on sound evidence. I presented to you many articles defending my position that the ZIM is very confusing and the government SEEMS to be intentionally giving news with mixed messages about just what they plan to do with their currency.
So why did I tell you all this about the ZIM?
I told you because if you only own the ZIM as an investment I personally would reconsider and maybe purchase some Iraq dinar and hold it too since the ZIM now seems very risky and uncertain. Anything can happen! For the rate now showing at the bank (in on-hold status) may very well be the rate of the new to be issued currency of Zimbabwe and not for the older notes you may hold since they have stated many times of a deadline for turning in those older notes. This timeline has already passed and is not extended till September 2015 as rumor was spread.
Let’s now talk Dong-
So now, after much diligent research I have to ask these same two questions once again about the Vietnamese Dong (or the VND currency). Is this now just a collectors currency and what about these bank rates?
A few years ago we did see some positive signs that maybe the country of Vietnam might be reconsidering the revaluation of their currency in the near future to a substantial level.
But certainly after my research I can see absolutely NO EVIDENCE of them perusing this RV endeavor further by the Vietnamese government. I repeat there is NO SOUND EVIDENCE that the Dong will revalue anytime soon to a significant increased value. Do I have to say this again? Did you hear me? NO SOUND EVIDENCE!
But still even after reading this news letter today many of you will doubt me and continue on this buying frenzy. So why do you continue to do this? Who is telling you this is going to RV? Is he/she a financial wizard or a certified financial planner?
Unlink other currencies that eventually revalue significantly, investors should be able to follow the financial news and learn about cause and effect of events that would make you believe their currency could and should revalue soon. This is simply not the case now with Vietnam. They are very comfortable with using the US dollar and actual prefer it. There is absolutely now no new news of currency restructuring, currency reform or printing of new notes. So where did this rumor of the VND revaluing begin and how did it spread?
It was in fact legitimate to believe that a revaluation might be possible. Since Vietnam currency was intentionally down graded due to money laundering with China in the past. Vietnam was asked to stop and did stop by the IMF.
However, during the penalty timeframe of down grading they get used to the US dollar once again. Today tourism blossoms in Vietnam since it is very inexpensive to visit.
Also they have decided to take the advice (or manipulation) from China and pursue the rational of maintaining an under-valued currency allowing them to compete with the cheap global labor force and cost of doing business. They have become essentially a puppet state for Chine manufacturing. Can you see how they will continue even more now to pursue this agenda and plan to continue in this mode of their low currency value since the Chinese Yuan is being forced to increase in value in the very near future. They will be the next China, as it relates to under cutting the international trade, at least until it catches up with them too, as it has with China. Can you now see how increasing the value of the VND would actually hurt Vietnam and their future plans?
On the other hand, the IMF did step in and has demanded this intentional (but indirect) manipulation of currencies to end. But until they put hard sanctions on Vietnam to stop this manipulation my guess is they will not allow a revaluation of their currency anytime soon. Of course hard sanctions would devastate Vietnam which is contrary to any long term solution. China will defend Vietnam. So they let it continue for now.
So if you have extra cash and don’t mind speculating then you too can buy into this Dong frenzy but beware this too is very risky and do spend what you can’t afford to lose (or hand on to for some time to come).
But many have asked me – So why are the bank screens then showing a revalued rates for the Dong?
Some are telling you there is however evidence that China is using the Dong in order to purchase oil credits from the USA. Really? So why in hell don’t they just purchase the IQD like so many other countries have done to beef up their currency reserves?
So after researching this too (not hard to do if in fact you truly have good contacts), I have come to the conclusion that these bank screen rates are simply “what –if” scenarios and they are attempting to calculate the values of the Vietnamese Dong purely to determine it’s fair market value, should they / could they RV in the future. The IMF is trying to make a point to Vietnam and ration for a future RV based on the currency pool to which the Dong belongs (post IQD revaluation). They plan to watch the fluctuation of the Dong in the future and monitor it.
How long will they do this prior to an actual RV?
How far in the future no one really knows for now but I can assure you these rates for the VND will not be progressed to LIVE RATES for us to exchange any time soon. So hold on to your Dong.
So once again I have to ask you this – Are these Intel calls from certain dinar sites causing more harm than good?
Seems they wiped everyone up in a frenzy to buy, buy, buy these highly speculative currencies. Of course they will tell you they do not mean to do this and certainly do not tell anyone to buy what they can’t afford. So this makes it all right then?
So do you see the abuse here? Can you all see this intentional or unintentional misinformation? Once again the ZIM and the Dong are perfect examples of this abuse of information. They are making a pound of intel out of an ounce of truth, even if the truth is so outdated it no longer is true they still stick to it and continue with they methods.
Like with many of these currency brokers (example Sterling Group Currency), I believe the government should not step in with aggressive actions to clean house with many of these so called “intel gurus” and their conference calls since they too are culprits in this currency fraud and abuse if only unintentional or indirect no matter the harm is still being perpetrated.
Their calls are actually doing more harm than good. It all must stop soon since so many are getting hurt as you all will soon see just how much you have been swindled.
All of you that are in this buying frenzy of these highly speculative currencies all I can say now is I have tried to warn you many times. I only try to bring you the facts in this matter but the rest is up to you to take action.
Peace and Luv To Ya All,