_One good email sent to me today -- Builder - OOM Member
If you don't read anything else today, READ THIS POST FROM MEMPHIS to understand the POSSIBILITIES of what MIGHT happen with YOUR investment. I am sharing this with you, ONLY so you are aware of POSSIBLE scenarios that MIGHT happen...as I often say...BE PREPARED!!! - Builder OOM Forum
Good Day all... Here is a musing from Memphis... --Purpletulip
By Memphis » March 22nd, 2012,
EDIT: I just lost 2 hrs work on this post due to just one errant keystroke!! This NEW post therefore represents WAY more effort than I expected LOL...I am about to hit "submit"....hold my breath.......and go to bed...
This post is an attempt to shed further light on yesterday's CBI news release that was discussed in the Wed CC allowing for the POSSIBILITY of a 'sucker rate' initially.
Read More Link On Right
_Before my conclusions can make any sense tho I need to ask you to carefully read the following post [from the March 10th thread] followed by Frank's thoughts on it.
By doing so I think we remain true to the tenants that keep us grounded in our convictions as we wade thru turbulent waters!! AND the thoughts in this post played heavily in the thinking that I used in wading thru YESTERDAYS article...
By Memphis » March 11th, 2012, 3:49 am • [Post 246]
In L@@King thru old news trying to glean little scraps I believe that this small news piece is a worthy piece in our puzzle. The time frame that we now find ourselves in fits quite well IMO into what the CBI has told us to expect...
"The stages of the deletion of zeros from the currency, divided into three phases, first phase, lasting six months to provide services printing,
Memphis: Based on other news we have concluded that phase one began about 6-7 months ago and culminated with the drastic monetary changes from the CBI over the past 3 mo. This leads us to phase two...
while the second phase of the introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency."
Memphis: We have been battered of late with references from the CBI to Sept 2012...Sept 2012........Consider that from present day counting forward six months [phase two] brings us to the close of Sept 2012....
Memphis:To recap what are we to see in phase two?
"...to pull the old currency and the survival of the new currency."
Memphis: Phase three will then commence Sept/Oct 2012 and per F26 L@@K for further release of lower denoms and possible further re-pricing of the IQD....
By Frank26 » March 11th, 2012, 8:32 am • [Post 282]
Sir............Your postings on page 13 are spot on but this one is a Rosetta Stone in understanding what is blurred for us daily via confusing articles and "others".
This post is exactly what I tried to teach on Thursday's ........ALARMING CC.
Memphis: OK, let's L@@K into yesterday's article a bit and then I will attempt some conclusions:
By Walkingstick » March 21st, 2012, 11:52 am • [Post 344]
(Citizen) reveal the intentions of raising the value of all Iraqi dinars to equal one dollar
Right here in the title we read plainly their intention.
Walkingstick:The unknowns that we seek to learn are the 'when' and the 'how' of this becoming a reality...
On: Wednesday 03/21/2012 19:48
Baghdad: Naseer Ahmed
A source in the Iraqi Central Bank about four companies currently competing to win the draft printing the new Iraqi dinar, which will generate graceful after deleting three zeros from it,
This last part will be part of my conclusions as to 'phase one' Samay "central bank to raise the value of the dinar against the dollar gradually down the words 'raise' and 'down' are intended to draw the contrast of the IQD going up relative to the USD going down...
Walkingstick : these next few words are speaking to the WHEN that we all seek and are pivotal in this paragraph in that the FOLLOWING words are 'hinged' on them...
to the day to start replacement" this 'day' that they speak of has been and remains our greatest question
Walkingstick : but read further and we find that ON THIS DAY we can expect to see something:
where the value will be in the absence of a fluctuation [or stabilized] Iraqi dinars, equivalent to one U.S. $ one. Allow me to reorder this last phrase and attach it to the 5 pivot words:
"the day to start replacement, where the value of Iraqi dinars will be stabilized and equal to one USD [or 1 ratio]"
Walkingstick :The rest of the article below has some relevance but I wish to point out that on three occasions they bring up the pip movement of their currency from Jan 19. I believe this to be the first evidence of their 'gradually' raising the value of the IQD.
The source continued that the Bank and after the Notice blockbuster to buy hard currency of the auction, which is supervised by the central, deliberately to sell the dollar worth less than the former by 3.4 points,
with the imposition of conditions of purchase to prevent the exploitation of the market meet the demands of neighboring countries that suffer from sanctions economic and the devaluation of their national currencies, all of this to re-balance the domestic market, which saw and by what mentioned fluctuation fast in the price of the dinar,
adding that everyone knows that the central bank managed to actually raise the value of the dinar is thoughtful and intelligent since 2003 until now that the price of the dollar equivalent to 240 dinars, but now the price tag rose to 1120 per dollar,
and this is one of the most important tasks of the Central Bank, which is responsible for monetary policy in the country, and one of the most important endeavors is to raise the value of national currency to achieve a higher purchasing power for the Iraqi people.
The Central Bank of Iraq announced, yesterday, about his buying and selling price of 1166 dinars to the dollar during the auction, which is evaluated every day with the participation of 23 banks, after it was sold and the purchase price of 1170 dinars to the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in statements to the media », that« the Bank worked to raise the prices of the Iraqi dinar against the dollar during its sessions for the sale and purchase of foreign exchange rate of four dinars and by 3.4% to up to 1166 dinars to the dollar »,
indicating that« the price of the dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar ».
Saleh added that «the current account of payments of Iraq where a large surplus relative to GDP at a rate of 5-8%», stressing that «the surplus is the signal strength and not vice versa as well as the existence of large reserves of the Bank». Saleh pointed out that «the dollar exchange rates in the Iraqi market which recently experienced a slight increase will be affected by the decision of the Iraqi Central Bank », adding that« the Iraqi dinar will be attractive markets in Iraq ».
The Deputy Governor of the Central Bank of the appearance of Mohammed earlier this year for efforts to obtain the approval of the executive and legislative branches to put up a big three categories after deleting three zeros from the Iraqi dinar,
pointing out that the process of replacing the currency will take two years. As announced in favor of (January 6, 2012) for high reserves, Central Bank of Iraq from foreign currency to $ 60 billion for the first time in the history of Iraq, while confirmed its ability to curb inflation if it came to two places decimal places, it was considered that the current levels do not raise concern.
The appearance of Mohammed Saleh confirmed by (citizen) that the volume of money supply to be printed soon [will] consist of 28 [to] 30 billion dinars, with the calculation [it is estimated] that the currency currently in circulation [approximates] to more than 32 trillion dinars,
and you measure the size of Altrchiq which dominated the national currency, and the size of benefits that will befall this project in terms of withdrawal of monetary inflation and reduce the amount of cash and others [other benefits not named].
The source revealed in an interview (citizen) that the form of the new currency would be like a mirror reflecting the history of Iraq and [it's] specifications will be even better to print [than] the dollar, and are impossible to [be] falsified, and will be charged the properties of technical and aesthetic features of an Iraqi national tell a story of civilization and its achievements since the dawn of history,
as well as they will be charged [to contain] Arabic and Kurdish [and] as the text of the Constitution provides that in addition to [this] the English language [must too be displayed] as a global system is applied in all countries of the world.
He said the groups would be equal between the metal and paper will be issued as a class (25, 50, 75 and 100) dinars categories of metal and there are 5, 10, 25 and 50 and 100 dinars, and paper.
and the continued currency trading referred to above to the present day and talk about the intention of the government remove three zeros from the Iraqi dinar to up to levels comparable with the exchange rates of foreign currencies order back to the glory of the Iraqi dinar and weighs a healthy beautiful green turquoise.
http://translate.google.com/translate?s ... 38495.html
OK let me briefly draw some conclusions:
in Jan: The stages of the deletion of zeros from the currency, divided into three phases, first phase, lasting six months to provide services printing
yesterday: four companies currently competing to win the draft printing the new Iraqi dinar, which will generate graceful after deleting three zeros from it...central bank to raise the value of the dinar against the dollar gradually down
I believe that yesterday's news was speaking to the final acts of phase one and that the period of time Oct 2011 thru Mar 2012 constitutes this phase of the currency reform. Further, I speculate that on Jan 19 we saw the 1st evidence of the CBI 'gradually' increasing the value of their currency relative to the USD and that we MIGHT be allowed further glimpses of this in the days ahead.
in Jan: while the second phase of the introduction of two currencies at the same time, and will last six months to pull the old currency and the survival of the new currency
yesterday: "the day to start replacement, where the value of Iraqi dinars will be stabilized and equal to one USD [or 1 ratio]"
Clearly the word 'replacement' coincides nicely with the words 'introduction of two currencies...' and the logical conclusion is STILL that the CBI will execute the RV at or near to a 1:1 ratio with the USD.
this pivotal "day to start replacement" has yet to be revealed but I still believe it to be close at hand in that the model that we have built over many months holds up well IMO with the news from yesterday.
The evidence for this is actually quite substantial in that we have seen [and I have pointed to] "the elephant's shadow" on many occasions..
May your cups overflow with God's blessings!!!
S~ aka Feeling Blessed