Thanks My Ladies for letting us share from your private chatroom
Sager: Mary what exactly does this mean "when the math is right"?
LM: Thank You Mary for your education! (f) I will further refine Sager’s question: Can the math be right this month, or do you think we are waiting another year or two. I know you don’t have a crystal ball, but what does your instinct tell you?
Thanks …….. I’ve skimmed through everything but I thought ML said it could be any time up to and including 2017… That the 2017 date was just to ease her mind so she is not on the Dinarland roller coaster...
AW: LM,.........I agree with you. I also understood ML to indicate that she is using the 2016-2017 time frame as a way of easing her mind.
Dale: LM, she already stated her position and where she thinks we are in the process…2017…most likely
Rejoice: To ease your mind just look to 2017. If what you are looking for happens sooner then you will be pleasantly surprised.
MY LADIES: THANK YOU ALL, MORE AND MORE AND MORE I AM SEEING 2017.
LET’S SEE FIRST WE HAVE IRAQ TALKING ABOUT THEIR CURRENCY COMING OUT IN 2017,
THEN WE HAVE THE US TREASURY TALKING ABOUT OUR CURRENCY COMING OUT IN 2017, THEN WE HAVE MANY ECONOMIST TALKING ABOUT THE FALL OF THE OLD SYSTEM AND THE RUNNING OF THE NEW ONE BY 2017.
I DON’T WRITE THE NEWS I’M JUST TALKING ABOUT IT.
NOW ALSO WE HAVE THE SDR GOING TO EFFECT IN OCTOBER 2016.
WE ALSO KNOW THAT WE AND THE USD CAN NOT BE AMONG THE FIRST TO MOVE TO THAT SYSTEM.
WE KNOW THAT THE EURO NEEDS TO COME APART TO WORK IN THE NEW SYSTEM AND I THINK WE’RE SEEING THIS HAPPEN SLOWLY.
WE KNOW THAT IRAN WILL HAVE THEIR CURRENCY BACK BY FIRST QUARTER OF 2016, AND WE KNOW THAT MANY PEGS ARE LEAVING THE USD NOW AND SOME THAT CAN NOT HOLD ON WITH THEIR RESERVES FOR MUCH MORE THAN 6 MONTHS.
I POSTED SEVERAL THINGS TODAY THAT HAVE MID 2016 DATES AND DEADLINES.
SO I AM READING THE SAME THINGS YOU FOLKS ARE READING AND BASED ON WHAT I SEE IN ALL THE MANY ARTICLES PRINCESS POSTS EVERYDAY AND THE PROJECTION OF THE SILK ROAD I JUST POSTED TODAY I AM NOT SEEING ANY THING THAT SAYS IRAQ IS REPRICING NOW.
THE CONNECTIONS TO THE NEW SYSTEM AND THE MIDDLE EAST IS MOVING VERY FAST BUT WHAT DOES THAT MEAN?
I THINK FAST IS UNRAVELING OUT OF ONE SYSTEM AND INTO ANOTHER AND TAKING THE GLOBE WITH YOU IN UNDER 2 YEARS VERY FAST
LIKE I SAID CAN THIS HAPPEN IN THE BLINK OF AN EYE?
CAN IT HAPPEN TODAY??
OK SURE I SUPPOSE,
BUT WITH EVERYTHING I’M READING ALL AROUND THE GLOBE INCLUDING IRAQ I JUST THINK WE NEED TO SEE A BETTER ALTERNATIVE THAN THE DOLLAR PEG FOR THE DINAR.
RIGHT NOW WITH NO LIQUIDITY I’M NOT SURE HOW THE MATH WOULD ALLOW IRAQ TO HAVE A DOLLAR PEG AGAINST A SOURING DOLLAR WITH ONLY 53 BILLION IN RESERVES.
COUNTRIES WITH SEVERAL HUNDRED BILLION IN RESERVES ARE STRUGGLING WITH A DOLLAR PEG RIGHT NOW. THINK ABOUT IT AND APPLY MATH.
DS: Boy I feel sorry for the Iraqi people they also have to wait like we do
MY LADIES: IRAQI PEOPLE ARE JUST FINE. A REPRICE OF THEIR CURRENCY IS GOING TO CRUSH THEM FOR A FEW YEARS...THE STRONGER THE DINAR GETS ON THE EXCHANGE THE WORSE THE PEOPLE OF THE COUNTRY SUFFER.
SAME LIKE US HERE, THE STRONGER THE DOLLAR GETS THE WORSE OUR ECONOMY SUFFERS..
MY LADIES: I THOUGHT WE HAD THE REPRICE IN OUR SITES BEFORE THE SDR BASKET WAS PUSHED OUT UNTIL OCTOBER 2016.
I THOUGHT WE WERE IN A GOOD POSITION WITH THE IMPENDING BOND SALES BUT THEN WATCHED THEM BEGIN TO TRADE LAST TUESDAY AS EUROBONDS
I JUST DON’T SEE THE MATH WORKING.
SAUDI HAS 547 BILLION IN RESERVES OR SOME SUCH CRAZY NUMBER AND WE JUST READ TODAY THEY ARE GOING TO HAVE TROUBLE WITH THE USD PEG WITH IN 6 MONTHS.
THEY MAY NEED TO DROP IT AND THEIR EXCHANGE IS ONLY 0.22 TO THE DOLLAR.
WE SAW IRAQ TALK ABOUT DROPPING THE DOLLAR PEG BECAUSE THEY ARE DOWN NOW TO 53 BILLION IN RESERVES.
SO FOR ME TO THINK THEY WILL REPRICE TO THE DOLLAR PEG IS CRAZY AND MAKES NO SENSE IN MY MIND. AS FOR A FREE FLOAT OR DIRTY PEG THEY DO NOT HAVE RESERVES FOR THAT.
SO I ASK YOU, WHERE DO YOU THINK THEY NEED TO BE PEGGED?
LOOK I AM WILLING TO BE WRONG HERE.
I HAPPEN TO BE INVESTED IN DINAR AND SPENT GOOD MONEY ON BUYING IT. I HAVE FUTURE PLANS JUST LIKE EVERYONE ELSE.
BUT FROM WHAT I AM READING I DON’T SEE IT ANY TIME SOON.
I DO WELCOME THE OPPORTUNITY TO BE HORRIBLY WRONG ON THIS TOPIC!
AND IN THE MEANTIME I WILL CONTINUE TO LEARN ABOUT THE NEW SYSTEM.
IN A CONVERSATION WITH NOVA THIS MORNING WE WERE DISCUSSING HOW UNSETTLING IT IS TO THROW EVERYTHING WE KNOW OUT THE WINDOW AND HAVE TO LEARN SOMETHING NEW WITH AN INCREDIBLE AMOUNT OF WEALTH.
2016 AND THE SDR BASKET IS AROUND THE CORNER.
WE NEED TO UNDERSTAND THIS BEFORE CAN KNOW HOW TO PLACE MONEY IN THE FUTURE, AND THAT IS WHAT WE’RE DOING HERE EVERYDAY.
MY LADIES: PRINCESS WORKS LIKE A MACHINE FOR US AND BRINGS IN THINGS FROM AROUND THE GLOBE AND IF YOU READ THEM…I MEAN REALLY READ THEM YOU CAN DRAW YOUR OWN CONCLUSIONS TOO.
THE PAST 2 WEEKS HAVE BEEN ARTICLE AFTER ARTICLE AFTER ARTICLE AND THEN THE G20 SEALED IT WITH TALKS OF CURRENCY SWAPS AND PEGS AND SDR BASKET. WE ALL READ THE OUTLINES DIDN’T WE?
IQD NOVA: LOOK WE MUST TAKE WHAT WE READ AND LIVE WITH THE FACTS.
WE ARE TOLD THAT THE SDR IS COMING IN OCTOBER OF 2015.
WE ARE TOLD THAT THEY ARE GOING TO SELL INTERNATIONAL BONDS IN SEPTEMBER OF 2015 IN THE IQD.
THEN AT THE LAST MINUTE THEY SAY WELL WE ARE HOLDING ON THE SDR TILL LATE 2016 AND WE ARE SELLING EUROBONDS.
THEY TELL USE THERE RELEASING THERE NEW CURRENCY IN 2017.
SO WHAT DO WE DO?
LETS SEE HOW THEY DEAL WITH THE DOLLARS HIGH VALUE AND SEE WHAT THEY DO TO PREPARE FOR THE SDR RELEASE.
BECAUSE WE SEE EVERYONE IN THE MIDDLE EAST DEALING WITH BOTH OF THESE ISSUES RIGHT NOW ALSO.
MY LADIES: AGREED NOVA..WE HAVE TO WAIT ANYWAY SO WE MIGHT AS WELL LEARN WHILE WE DO AND TRY TO NAVIGATE ALL THESE NEW CHANGES.
Princess DD: Which Country Will Devalue Their Currency Next?
Oil dependency and yuan devaluation already forced Kazakhstan's hand http://www.bloomberg.com/news/articles/2015-09-10/which-country-will-devalue-their-currency-next-libya-equatorial-guinea-and-oman
MY LADIES: They're small, hopelessly devoted to oil and at risk of dropping their currency pegs.
Meet Equatorial Guinea, Libya, the Republic of Congo and Oman.
When Kazakhstan abandoned its dollar peg in the wake of China's shock yuan devaluation it warned other oil-producing countries would have to do the same as the world enters a “new era” of low oil prices. Here's a quick look at the economies in those four nations.
Princess DD: Malaysia's Prime Minister to announce economic measures on Monday | Reuters http://www.firstpost.com/world/malaysias-prime-minister-to-announce-economic-measures-on-monday-reuters-2431668.html
MY LADIES: THANK YOU PRINCESS...LOOK EVERYONE THIS IS JUST WHAT WE'RE TALKING ABOUT...
FOLKS IT’S JUST MATH, HOW CAN IRAQ MANAGE THE PEG IF THESE COUNTRIES WITH HUNDREDS OF BILLIONS IN RESERVES CAN NOT?
PrincessDD: CURRENCIES: Dollar Falls Vs. Euro As Likelihood Of September Rate Hike Fades Read more: http://www.nasdaq.com/article/currencies-dollar-falls-vs-euro-as-likelihood-of-september-rate-hike-fades-20150911-00771#ixzz3lZ241ykV
Princess DD: So most of these currencies will be depegging from the USD? What will they peg to if they do?
MY LADIES: YES THOSE WITH LARGE RESERVES CAN FLOAT ON THEIR OWN, MOST ARE LEAVING THE EURO PEG AND THE DOLLAR PEG AND THIS IS IMPORTANT AND NEEDS TO BE DONE.
EVERYONE WILL COME TO THE NEW SDR SYSTEM IN TIME, THAT'S WHAT'S HAPPENING.
Mission USC: So it would behoove most of those countries to have the SDR system up and running asap
MY LADIES: WELL YES BUT THEY DON'T SET THE SDR SYSTEM MISSION, THE IMF DOES...
PrincessDD: If I understand correctly they cannot peg to the SDR until CHina becomes the world reserve currency and is added to the SDR basket
IQD NOVA: China will only be One of Five
MY LADIES: WELL THE SDR BASKET COMPOSITION IS NOT READY YET, THEY ARE GOING TO CONFIGURE AND VOTE ON IT THIS OCTOBER BUT NOT PUT IT INTO ACTION UNTIL OCTOBER 2016,
SO THERE IS A REASON THE IMF PUSHED IT OFF AND I THINK IT IS TO LET THE YUAN TRADE FOR A WHILE AND BUILD UP TO RESERVE STATUS.
MY LADIES: WE JUST SAW TODAY THEY ARE GOING TO LET THE YUAN TRADE ON FOREX DIRECTLY RIGHT?? SO BIG BIG STEP THERE IN COMING INTO THE MARKET
Mission USC: Oh, I didn't realize it was pushed that far back ... Oct. 2016. (yuck)
MY LADIES: OH YES YES YES...THIS IS WHY I'M SAYING I THINK WE ARE ALL PUSHED THAT FAR INCLUDING IRAQ.
PrincessDD: So why is the IMF only showing 4 in the basket? Wasnt there 5 before https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
MY LADIES: NO NO NO...THERE WAS ONLY EVER 4
JG: It gives us more time to get more currency too and that is a plus for us that struggle to want to buy more
Princess DD: International Currency Exchange put up for auction http://www.telegraph.co.uk/financialservices/11860938/International-Currency-Exchange-put-up-for-auction.html
Princess DD: Emerging-Market Currencies: Things Look to Get Worse
Investor bets that Brazil and South Africa will default on their debt hit their highest level since the financial crisis http://www.wsj.com/articles/pressure-builds-on-developing-nations-1441926717
Princess DD: Fed Confronts Currency Threat That Doomed ECB, Aussie Rate Rises http://www.bloomberg.com/news/articles/2015-09-11/dollar-gains-stalk-fed-as-it-plans-rate-rises-peers-had-to-undo
Princess DD: Currency steering is not a panacea http://asia.nikkei.com/Politics-Economy/International-Relations/Currency-steering-is-not-a-panacea