Thanks My Ladies for letting us share from your private chatroom
IQD NOVA: FOR MANY REASONS I RARELY DO THIS.
ONE REASON IS OPINIONS .... "WE ALL HAVE THEM" , AND A NEW REASON IS I DONT WANT TO GET THE "NEWSPAPER" UP SIDE THE HEAD!!!
BUT I AM GOING TO DO IT ANYWAY!!!!
We all must take the events happening in any passive investment and draw a conclusion with it.
When doing this we cannot forget some of the foundational things about whatever we are invested in.
Two of Many with the Dinar are...
One is the fact that all government agencies must use the Dinar and Two is that these agencies are in need of The New Mechanism in order to use the Dinar.
We have been looking with great anticipation this week on three fronts. Bonds, Tariffs and The Passing Of Power To The Provinces.
I realize that Iraq has been collecting taxes since Eve ate The Apple, but they have never done it with the New Mechanism.
IMO this mechanism must be in place before we see anything more on its Implementation / Delay.
What have we seen as for Passing Power To The Provinces?
Much of the same, it is being slow played "We must do to slowly ". IMO we will not see this fully implemented till the new mechanism is in place.
Now those wonderful Bonds that create so much confusion. Can we find anything on them?
Not a word from anyone. Why?
IMO this also requires the new mechanism be in place before these Bonds can be sold!!
What do we see happening Globally right now?
We see A New System/ Mechanism being brought on line with many countries Right Now!!!
Really.... as of July 31!!
Never in the history of Iraq have we seen what we are seeing right now!!!!
So what is my Opinion?
It is this, It is clear to me that Iraq's Government and its Central Bank is Waiting!!!
Waiting for the New System to get to them so it can turn on Its New Mechanism and start doing what the world wants it to do!!!
And what do we know..... THAT THE NEW SYSTEM HAS BEEN TURNED ON SO IT JUST DOWN TO TIMING FOR IRAQ!!!
IQD NOVA: And what does that system need now?
AW: The correct timing.....for the IQD
Rocket Rich: The new system needs the old system to break down and pave the way for the new one.
SAGER -: The system needs money! Nova, awesome post!!!
Bandito Rox: It needs an international tradable currency!
IQD NOVA : Thumbs Up
CHATTER: this is what kicked someone in gear.....secret meeting ??? really....protest turned the wheel....... http://dfsu.org/category/iraq-economics/
look who was in that meeting; “presidential statement said yesterday after the meeting and participated in the meeting President Fuad Masum, the Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri and Chief Justice Medhat al-Mahmoud, the Vice-President of the Republic Nuri Kamal al-Maliki, and Iyad Allawi and Osama Najafi and Deputy Prime Minister Bahaa al-Araji, Saleh al-Mutlaq, and Vice President of the House of Representatives Hamoudi.”
PrincessDD: With Iran’s Help, India Eludes China in Race for Gas Riches http://www.bloomberg.com/news/articles/2015-08-06/india-opens-gateway-to-central-asian-gas-riches-after-iran-deal
Princess DD: Oh Look! IMF Floats Trial Balloon on China’s Yuan
Will an IMF deferment add pressure on Beijing to devalue its currency to goose growth and exports? http://online.barrons.com/articles/oh-look-imf-floats-trial-balloon-on-chinas-yuan-1438924017
Princess DD: Bail-out hopes send Greece's battered markets back in the green http://www.telegraph.co.uk/finance/economics/11788232/Bail-out-hopes-send-Greeces-battered-markets-back-in-the-green.html
Princess DD: Brussels backs Greece to agree bailout in time
Princess DD: EU Commission says deal with Greece possible before Aug 20 http://www.ekathimerini.com/200310/article/ekathimerini/news/eu-commission-says-deal-with-greece-possible-before-aug-20
Princess DD: Greece's tax revenues collapse as debt crisis continues http://www.theguardian.com/world/2015/aug/06/greece-tax-revenues-collapse-debt-crisis-continues-euro
Princess DD: Greece makes loan interest payment to IMF http://economictimes.indiatimes.com/articleshow/48383679.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Princess DD: Indebted Portugal is still the problem child of the Eurozone http://www.telegraph.co.uk/finance/economics/11786694/Indebted-Portugal-is-still-the-problem-child-of-the-eurozone.html
Princess DD: BRICS mutual trade up 70% in 6 years – South Africa president https://www.rt.com/business/311830-brics-trade-increase-bank/
Princess DD: SA will benefit from BRICS bank – JZ
Bandito Rox: Fitch assigns Iraq a sovereign credit rating
Friday, 07 August 2015
Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of 'B-' with a stable outlook. The agency has also assigned a country ceiling of 'B-' and a short-term IDR of 'B'. No surprise perhaps that political risk and insecurity are among the highest faced by any sovereign rated by Fitch.
Rocket Rich: Thanks, Bandito. I see Iraq on there, but so far only Fitch has given them a rating of B-. but stable. To give you a comparison of what a B- is, Cyprus is at the same rating. (Not so fantastic.) http://www.tradingeconomics.com/country-list/rating
MY LADIES: RICH AND WHEN YOU READ THE ENTIRE ARTICLE IT'S LIKE THEY WERE HARD PRESSED TO EVEN GIVE THEM THAT..
I'M CATCHING UP WITH REPORTS IN MOODYS, I'LL SEE IF THEY HAVE ANYTHING TO SAY ABOUT IRAQ WHEN I'M DONE.
JP: Any updates on the Iraqi bonds being sold or did I miss that?
MY LADIES : NO NEWS JP