Thanks My Ladies for letting us share from your private chatroom
MY LADIES: I HAVE SOMETHING I WANT TO ASK ABOUT... WE HAVE BEEN DISCUSSING THIS SINCE YESTERDAY.. ARE YOU UP FOR IT NOVA??
I AM GOING TO ASK A QUESTION...AND I WANT YOU TO ANSWER ME HONESTLY WITH OUT GOING TO THE GOOGLE OK??
MY LADIES: IN YOUR OWN BEST WORDS PLEASE TELL ME WHAT YOU THINK EURO BONDS ARE
AW: Debt instruments issued in the Euro.
PrincessDD: It sounds like bonds that are sold in the EURO
JP: Purchase of the debt of the European countries that enables them to attempt to right their economic ship.
12D: bonds sold by ECB
Sands: BONDS SOLD IN EURO FROM A GROUP OF COUNTRIES
PrincessDD: soverign debt of the ECB?
NF: European bonds sold to fix European debt
JP: Now if you had said Euro Bands I would have said The Stones and The Beatles! Lol
MY LADIES: OK WELL IRAQ IS ISSUING EURO BONDS
AW: Pegged to the USD but issuing Euro Bonds????
PrincessDD: Iraq poised to meet investors ahead of crucial bond sale – IFR http://www.reuters.com/article/2015/09/02/iraq-bonds-idUSL5N1181VZ20150902
12D: so, the bonds are valued in euro and not usd or iqd?
MY LADIES: NO 12D A EURO BOND IS MODELED AFTER THE EURO BUT HAS NOTHING TO DO WITH THE EURO….. A EURO BOND IS SOLD IN ANY CURRENCY BUT THE DOMESTIC CURRENCY OF THE COUNTRY SELLING THE BOND
MY LADIES: JUST LIKE THE EURO IS A BLANKET CURRENCY FOR THE EURO ZONE...
DS: So Iraq is selling bonds in IQD?
Victoria: They're bonds issued in currency.-not from originating country. used by large corps and governments. Used to raise financing
12D: is this to bolster foreign reserves?
JP: Okay, here is the 64,000 dinar question: What does that have to do with our investment? (I know the answer is coming!) International actions perhaps??
MY LADIES: OK JP HERE IT COMES BUCKLE UP...
THIS STILL MEANS NOTHING TO OUR INVESTMENT. BUT HOWEVER IF YOU FOLKS CONTINUE TO PIN YOUR LIFE ON THE ACTIONS OF IRAQ YOU WILL RIDE BAD IGHS AND LOWS.
WE CAN READ IRAQ AND RESTRUCTURE THEIR WORDS AND WE CAN MARK THEIR EVENTS ON OUR CALENDARS AND THEN MOVE THEM FAILED EVENT AFTER FAILED EVENT. BUT WE WILL STILL BE RIDING HIGHS AND LOWS…
I BRING THIS IN TODAY SO YOU ALL LET IRAQ GO. JUST LET IT GO!
THERE ARE MANY THINGS HAPPENING THAT ARE PUTTING ADDITIONAL PRESSURES ON IRAQ AND ALL EMERGING MARKETS. I HAVE BEEN SAYING FOR EVER AND EVER THAT IRAQ IS GOING TO BE REACTIONARY.
WHY ARE WE HUNG UP ON THIS BOND ISSUE OR THIS LAW ISSUE OR THIS MALIKI ISSUE? WHY? WHY DO YOU SET YOURSELF UP FOR A LET DOWN?
LOOK I TRY AND I TRY TO GET EVERYONE PAST RATE AND DATE, BUT WITH EVERY TIDBIT THAT COMES OUT OF IRAQ THE MOOD CHANGES IN HERE AND THAT NEEDS TO STOP.
WE ARE IN A PASSIVE INVESTMENT. DO WE KNOW WHAT THAT MEANS??
THAT MEANS WE CAN NOT CHART IT AND FOLLOW IT. BUT WHAT CAN WE DO? WE CAN LOOK AT ALL THE THINGS AROUND IT THAT ARE HAPPENING.
THERE IS SO MUCH INCREDIBLE NEWS HAPPENING RIGHT NOW AND IF WE DON’T TRY TO DRAW A STRAIGHT LINE TO THE DINAR WE WILL BE FINE.
MVL: We control nothing about it, the investment. We must let it come to us, and not get hung up in the weeds, looking fruitlessly for it, because that ain't gonna happen.
MY LADIES: I PERSONALLY….FOR MY FRAME OF MIND HAVE PUT THIS FAR OFF, BUT THAT’S JUST PART OF MY COPING MECHANISM.
BUT I’LL TELL YOU I NOW SEE THINGS THAT HAVE ME WONDERING IF THIS WILL BE MUCH SOONER
IQD NOVA: I AGREE ML!!
MY LADIES: I READ MY SAME 4 PAPERS IN IRAQ EVERY DAY JUST TO KEEP UP FOR MYSELF, BUT WHAT IS HAPPENING IS EVEN BIGGER.
MY LADIES: NOW I HAVE ANOTHER QUESTION FOR EVERYONE… ARE YOU READY..THIS IS TO SHOW YOU SOMETHING AMAZING
OK IN YOUR OWN BEST WORDS CAN YOU TELL ME WHAT SUKUK BONDS ARE?
Rejoice: Everybody is googling sukuk
MY LADIES: HAHAHAHAHA
MVL: Sukuk bonds are highly specialized debt instruments that are Shariah Law compliant in every respect.
MY LADIES: OK MVL AND WHAT ELSE??
AW: Islamic bonds
MY LADIES: OK AW AND WHAT DOES THAT MEAN??
MVL: There's a BOATLOAD of those things in the global pipeline for sale, or coming up for sale!!
MY LADIES: WHY ARE ISLAMIC BONDS DIFFERENT???
12D: no interest?
MY LADIES: ALMOST 12D
AW: The holder of the bonds realizes a gain without violating Islamic Law.
MY LADIES: HOW AW???
AW: No interest......but you walk away with a gain. Additional money.
MY LADIES: SO HOW DOES HE RECOGNIZE GAIN IF NOT THRU INTEREST??
Sager: Greater value?
MY LADIES: NOT EXACTLY SAGER
AW: Paid in dividends?
MY LADIES: OK ALMOST AW...VERY GOOD...
MVL: Older article, but still lays out 2015: http://aibim.com/dev/index.php/newsroom/global-news-aibim/135-sukuk-pipeline-issue-plans-around-the-world
MY LADIES: IF YOU HOLD SUKUK BONDS YOU ARE ACTUALLY A SHARE HOLDER OF THE COMPANY ISSUING THE BOND.
AW: the issuer declares dividends paid in shares instead of interest.
MVL: My limited understanding of Islamic religious law states it is not proper to charge your brother with interest on a loan. You are to simply help him, if you have the means Allah gave you to be in such a position. It's also a long-standing position of some of the earliest Church fathers, centuries ago.
MVL: Here's a better explanation behind the Sukuk bond thinking:
MY LADIES: NOW ALL OF THE MIDDLE EAST IS SELLING BONDS RIGHT NOW...BUT MANY COUNTRIES HAVE BILLIONS IN RESERVES SO WHY ARE THEY SELLING BONDS???
12D: to increase reserves to comply with new banking system?
MY LADIES: 12D ALMOST….. YOU GET A HALF STAR
MVL: Cash liquidity, without dipping into the reserves.
MY LADIES: THE NEW BANKING SYSTEM..IN ORDER TO CREATE REVENUE WHAT DO YOU HAVE TO CREATE?
MY LADIES: NF: Two Gold Stars!
MY LADIES: NOW I WANT YOU TO LOOK AROUND ALL AROUND THE MIDDLE EAST...AND ASIA...LOOK AT THE SUKUK PIPELINE..
MANY OF THESE COUNTRIES ARE ALSO ISSUING SOVEREIGN DEBT JUST LOOK AT WHAT THEIR DOING!!
MANY OF THESE COUNTRIES HAVE NEVER ISSUED BONDS IN THEIR LIFE...SO WHY NOW??
AND IT IS NOT THE OIL PRICES ALTHOUGH THAT MAKES GREAT CAMOUFLAUGE
MVL: Massive investments in the Silk Road infrastructure.
NF: strengthen and grow their currency and ready themselves for the new banking system
SAGER -: So they can revert to their own currency? NF you beat me to it lol
MY LADIES: SO I WANT YOU FOLKS TO GET YOUR HEAD BACK IN THE GAME…GET OUT OF IRAQ..
I HAVE BEEN DISTRACTED WITH OTHER THINGS THIS IS THE LAST QUARTER FOR ME AND THINGS ARE GOOFY RIGHT NOW..BUT I’M ALWAYS CLOSE BY.
WITH ALL OF THIS HAPPENING HOW ON EARTH CAN IRAQ STAY ISOLATED????
Sager: They can't unless they want to die economically
Rejoice: Iraq cannot stay isolated, but you won't find what you are looking for in an Iraq article or action.
MVL: Iraq is getting squeezed just like a carbon particle over thousands of years, and we all know what that action produces DIAMONDS ...that will just appear. We won't find it by looking right at it.