[BondLady] good morning all...... as i start this ... if you all have read my last 3 to 5
chats........ or want to.......i've been showing you the path or road map to what i've basically concluded this morning, as i finished connecting all the dots i could...
BondLady's Chats that she has made reference to are listed at the end of Part 1 and Part 2 of this chat post -
[BondLady] please keep an open mind until i'm through, you all know by now when i throw out my theories they usually pan out but until it happens or IF we won't know, all we can do is read and study and see if this is the right road or not............ sometimes it helps to re-read things we've already read....sometimes we miss little hidden things, either from lack of sleep or just didn't see it the 1st time
[BondLady] when you go back after this chat and if you re-read or read these chats you will see things in them that has led me to this one a map so to speak please don't just scan over them because they might be long actually read them so you will understand ok this is what i'm about to say and most of you have known this about me long before i ever opened up my site from when we belonged to other places
Read More Link On Right
[BondLady] i don't read or very seldom read anyone elses chats i do this for my own reasons and if the study road i'm on if i uncover through my studies and searches something that someone else might have said or says and this has abosolutley nothing to do with ego trips and bs like that i do it so i won't be deterred from my own studies and research
[BondLady] and if some things match up to others works then great if not well but anyway i think i can basically show and prove a free float and i say this now because of the last 4 chats i've had that has lead up to this point what shabs is doing and i been on the right road all along imo i believe i have anyway
[BondLady] you all can decide after this chat i couldn't let myself be side tracked from my road i'm on and have been on or i couldn't have came to the conclusion i have today
[BondLady] shabibi all along has been on 2 roads since 2003 the cbi has maintained a pip rate movement where it took it from basically 3000 to 1 usd down to 1170 where shabibi set his monetary policy to a programmed rate of 1170 and didn't move it for several years until recently he made it 1166 and stopped the pip movements
[BondLady] i think he probably did this so basically speculators wouldn't be able to actually know what the rate would be when he finally takes it off the programmed rate and as i said allows it to free float
[BondLady] please know these are my opinons and no one else's if you don't agree thats fine just don't bash etc... we're all here for the same reason to get to the truth if this is it fine if it's not we keep on trying to seek the truth
[BondLady] so as i said cbi stayed steady for years through pip movement bringing the rate down to the beginning of the programmed rate shabibi never changed what he was doing through the pips and the programmed rates
[BondLady] speculators changed the logistics of info from the cbi gurus talking such extreme rates anything from 3 on up to 20.00 to 1 iqd shabibi never changed though the cbi didn't speculators did
[BondLady] it was free floating then up to programmed and imo when he changes his monetary policy it will be pip movement again
[BondLady] the articles we've been seeing for months talking about bringing the rate to 1000 and i did chats on that what i believed the articles meant that shabibi was possibly suggesting when he was finally able to stablize the dinar because of UN sanctions on iran and Syria them trying to save there own economies i even did a chat on that dec/ 2011 maybe read that 1 too
[BondLady] all 5 of these chats played a part in my end result thinking today so here a few days ago shabibi allowed more usd to be sold in banks and through traders thus stablizing the dinar and doing that
[BondLady] i believe he's about to change his monetary policy and start the pip movement again thus giving it the free float and it should move pretty quick
[BondLady] i see this happening in 2 different ways just don't know which one yet either he will free float it from 1166 to 1000 and then take the 000 off thus making it the 1-1 or he will let it free float from 1166 to reach 0 then let the pips drive up the rate from there
[BondLady] which once it hits 0 1166 to 0 then it will climb and go from minus to plus
[BondLady] the plus is true to the usd peg my last chat i did yesterday i touched on all of this let me show you a few things when we read this article earlier this month we saw it but i just didn't register the whole thing is why i said its important to go back an re-read stuff i do this all the time...because i have many distractions staying focused is not always easy
[BondLady] Iraq's central bank eases restrictions on dollar sales October 03, 2012 RECORDER REPORT 0 Comments Iraq's central bank has eased restrictions on the sale of dollars in a step likely to boost the dinar currency, officials said on Tuesday.
The central bank tightened rules in April over who could participate in its daily dollar auctions and the amount they could buy, seeking to stabilise the dinar and stem the illicit transfer of US currency to neighbouring countries under sanctions.
Reversing those moves on Tuesday, the central bank said it would double lenders' weekly share of cash and allow them to determine the price, which was previously fixed at 1,189 dinars to the dollar. Iraq is recovering from decades of war and sanctions, and its economy is still very centralised. Oil accounts for 95 percent of government revenues.
The latest easing of restrictions also mean traders taking part in the central bank's dollar auctions will no longer be subject to money transfer quotas. The steps were taken because the dinar-dollar exchange rate is now stable and better implementation of anti-money laundering regulations will prevent dollars being sold on to countries under sanctions, Deputy Central Bank Governor Mudher Kasim said.
"We passed through a difficult experiment for a year but this experiment ended with a success," Kasim told Reuters.
The dinar had come under strong downward pressure from traders snapping up dollars to sell on to Syria and Iran. But measures designed to stop the trade drove up the value of the US currency in the Iraqi market, hurting local businesses reliant on dollars to buy foreign imports.
The easing of the controls "will strengthen the dinar and eliminate the difference between the official and the secondary market price," said Waleed Eedi, head of the central bank's statistics and research department. In May, the central bank allowed dollars to be sold at a fixed rate through two state-run banks, helping to push the dollar down from 1,280 dinars to 1,210 dinars and closing the gap between the official rate and the market price. Copyright Reuters, 2012 http://www.brecorder.com/money-a-banking/198/1244283/
[BondLady] We passed through a difficult experiment for a year but this experiment ended with a success," Kasim told Reuters. The dinar had come under strong downward pressure from traders snapping up dollars to sell on to Syria and Iran. but this experiment ended with a success,
[BondLady] The dinar had come under strong downward pressure
[BondLady] The easing of the controls "will strengthen the dinar and eliminate the difference between the official and the secondary market price,"
[BondLady] this is the article that tied everything in for me and pretty much gave me the conclusion i believe i've reached and again shabibi never steered from his goal or his road map he gave us all to follow again speculators did that gurus did that confused us all daily and for years
[BondLady] its from the start been free floating until the programmed rate hit
[BondLady] when shabs changes it to either back to pip movement to reach 1000 then remove the 000 makein it 1-1 or he lets it go to 0 and let the market drive the rate up to the plus side from the minus side
[BondLady] i hope i'm not confusing anyone i'm trying to explain my thoughts the best i can let me show you something else
[BondLady] And added that the economic situation need to follow all his joints which are needed to promote it, as the money spent on switching process must achieve the goal.
Continued its questions you were to stop at concerns and that this process may increase smuggling money abroad, especially that the process of deletion of zeros procedural difficult and complex and require statistics and accurate figures and must stand at the effects on the stock market.
They pointed out that this issue if has not been studied extensively and the quality of community, the process of subtraction will of the Iraqi market to imbalance and jerks just because the citizen can imagine that the deletion of zeros will affect the real value of the currency,
stressing that the strategy proposed must correlate between the money market and the labor market, as she wondered whether that outlook be comprehensive nature of inflation in terms of it's not the high cost of production and a series elevations price of interest joints much-needed citizen.
said that direct this trend needs to be a thorough review of the reality of the Iraqi economy and its institutions of public and private and the extent and effectiveness trends credit support for the work of the private sector .
[BondLady] And added that the economic situation need to follow all his joints which are needed to promote it, as the money spent on switching process must achieve the goal. http://www.alsabaah.com/ArticleShow.aspx?ID=34237
[BondLady] the chat i did per this article
[BondLady] Banker: replacement of a currency is appropriate at this time 24/9/2012 12: 00 am Caution risk of recurrence of past mistakes Baghdad-Hussein thghb Al-Tamimi Control and inspection Director of Rafidain Bank Al-mundhiri abdolhossein from falling in with errors which occurred during the Exchange after system crash.
This talk at the time the Central Bank tends to adopt a plan to replace the current national currency after deleting three zeros. Banking expert, said Abdel Hussein Al-mundhiri in an exclusive interview for (morning): the controversy over Exchange still chain for many reasons this action promised is not appropriate at this time because it does not help to tackle inflation.
[BondLady] He noted that prices in the Iraqi market is currently stable and acceptable, especially prices of imported goods from neighboring countries to take advantage of China's philosophy of survival currency low against other currencies.
He said the Iraqi market with counterfeit currency that are printed mostly in printing press outside Iraq where sneaks these currencies (fake) easily to our markets across more than a border port open, non-controlled in order to promote such currencies in markets and banks so they can be removed later by banks and money transfer companies.
He added: the Central Bank of Iraq should take the initiative to activate its role and intensify its intervention in monetary authority and begin to exercise pressure on dollar balloon again especially as capable of it whenever he wishes and that he wanted to put away corrupt currents infiltrating inside it surreptitiously on the one hand and on the other hand contribute to return to normal size or at least prevent the perpetuation of this phenomenon more taking into account that the Iraqi dinar is now covered with more than 60 billion dollars is to increaseDay after day, which ultimately will lead to the disappearance of zeros automatically one after the other and let us get back to this topic again after several years of seeing positive returns generated by wise policies and legislation. Al-mundhiri said benefits delete zeros banking is that it reduces the size of the money supply in circulation and this helps banks reduce the number of Trustees limits (75) percent which reduces the salaries of mutation of one yen.
[BondLady] To delete zeros helps revaluation computationally which helps banks use ATMs through ATM cards pull the sheets would be less and less trading volume edition and dedicated money in banks vaults and damage and theft sometimes Bank also assists in the implementation of the programme of the global system of the company implemented its project is 12 digits only while our bank balances trillions with bankruptcy means 15 digits and this impedes system. http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fwww.alsabaah.com%2FArticleShow.aspx%3FID%3D35684
[BondLady] i didn't show the whole article it's in the chat links i gave you at the beginning to go back and read them all but this is pieces from this article
[BondLady] taking into consideration that the Iraqi dinar is covered by more than sixty billion dollars can be increased day by day, which eventually lead to the disappearance of zeros automatically one after another
[BondLady] Iraqi dinar is covered by more than sixty billion dollars can be increased day by day, thats a free float IMO
[BondLady] eventually lead to the disappearance of zeros automatically one after another
[BondLady] see that comfirmation to me
[BondLady] then this articlethat i had been watching for from over a year ago when shabs talked about doing it
[BondLady] Preparing a draft law to combat money laundering Ali Abdullah - 09/28/2012 - 11:23 AM Detection office money laundering of the Central Bank of Iraq, Friday, for the preparation of a new draft law to money laundering, according to the actual need for the requirements phase and challenges, noting that the project will be submitted soon to the House of Representatives.
said Director of the Office money laundering Khaled Cltag in a press statement that his office "under the guidance of the Board Joint Anti-Corruption in the General Secretariat of the Council of Ministers in 2009 prepared a draft of a new law to combat money laundering and raising to the Council of Ministers. " and explained that "the project has been discussed and is currently subject to scrutiny in preparation for transmission to the House of Representatives," pointing out that "the law currently in force is the law No. 93 for the year 2004. "
and added that "the Republic of Iraq joined the United Nations Convention against Corruption thus became anti-money laundering and corruption a national project and has the support of presidencies in the country, according to the need in light of the problems and challenges become a duty to prepare a new law."
and punishes the law against money laundering force fine no more than 40 million Iraqi dinars, or twice the value of money used in the deal, whichever is greater, or imprisonment for not more than 4 years, or both for each of the runs or trying to manage financial transaction employs revenues somehow illegal activity clairvoyant that money used is revenue somehow illegal activity or both transmits or sends or transmitting means cash or exaggerated revenues account for some way to illegal activity knowing that this means cash or money representing the proceeds in some way for illegal activity.
also punishable by a fine of not less than 20 million Iraqi dinars, or imprisoned for not more than two years, or both for each of the offers money or conceal or gloss over the nature or place or source or owners
also punishable by a fine of not less than 20 million Iraqi dinars, or imprisoned for not more than two years, or both for each of the offers money or conceal or gloss over the nature or place or source or ownership of the money, knowing or intending, that this money is used to create for the purpose of or implementation of a breach of the law or configuration for the purpose of or implementation to cover up the escape from the commission of any breach in the financing of crime or attempts or conspires to such activity. http://www.burathanews.com/news_article_171016.html
[BondLady] this law which will cost you big time if you break this law and why would they go through such lengths for a currency thats 1166 to 1 and have the largest amounts of security features on it and why would the cbi want to guard something so bad as a currency with a rate of 1166 to 1
[BondLady] it's about to climb and in a great way i believe an article i posted 6 or 7 months ago don't have it right now but it's in the forum 33 i believe security features can you imagine
[BondLady] 33 security features for a currency @ 1166 to 1 usd it's a power house and we're part of it
[BondLady] cbi never changed the road they were on not since 2003 speculators changed it guru's changed it the cbi didn't let me show you some more things i have come to conclusions on
[BondLady] The biggest obstacle to dinar appreciation is the fact that for now at least, Iraqi authorities appear content with the exchange rate in its current range.
In a memorandum to the International Monetary Fund on economic and financial policies for 2011, written in March that year, the Iraqi government said it saw benefits in keeping the dinar stable.
"We believe that the policy of maintaining a stable exchange rate continues to be appropriate, as it provides a solid anchor for the public's expectations in an otherwise uncertain environment and in an economy with a still very low level of financial intermediation," it said.
[BondLady] In a memorandum to the International Monetary Fund on economic and financial policies for 2011, written in March that year, the Iraqi government said it saw benefits in keeping the dinar stable.
[BondLady] the cbi had stablized the currency again http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=19929&catid=37:economy&Itemid=41
[BondLady] from my 10/6/12 chat
[BondLady] MP for mass citizen Abdul-Hussein Abtan: You must delete the zeros early 2013 and postponed to 2014 is incorrect 10/06/2012 - 1:00 pm A member of the Economic Committee MP Abdul Hussein Abtan, the Iraqi market needs to project the deletion of zeros from the Iraqi currency early (2013) to save the country from greater economic inflation, stressing: that the postponement of the project (2014) will hurt the country's economy.
Said Abtan told the independent press (Iba): It is necessary to move from currency zeros that increase of the mass of financial and makes them an easy way to steal and loss to currency more sophisticated, adding: that the project to delete the zeros is a message to the civilized world that Iraq's economy is improving day after day. He added: that the project to delete the zeros will not lead to the collapse of the currency, but will make it safer from theft and less cash in mass commercialization.
He explained: that inflation is increasing continuously in Iraq because of the increased money supply for the lack of scarcity of goods and higher prices as a result of the closure of border crossings with Syria and stop the import of materials and goods to Iraq http://www.burathanews.com/news_article_171758.html
[BondLady] and from my yesterdays chat my chat 10/10/12
[BondLady] Parliamentary Finance: Committee formed to monitor the work of the central bank will raise its report to the Commission on Public Integrity .. And the presence of significant corruption in the sale of hard currency Date: 10/10/2012 10:39:07 Wednesday Baghdad (news) ..
According to a member of the Finance Committee MP / National Alliance / Magda Tamimi, that the committee formed to monitor the work of the central bank completed its final report regarding the sale of hard currency, pointing to the existence of financial corruption senior central bank auction for the sale of hard currency. said Tamimi (of the Agency news) today Wednesday: The Presidency of the Council of Representatives form two committees, one permanent and the other temporary monitor the performance of the central bank, indicating that the permanent consists of two deputies in the Finance Committee, while temporary consists of mainly the Finance Committee and the Committee of Economy Alniabaten and Chairman of Supreme Audit.
said: that the Interim Committee submitted its report to the Presidency of the Council of Representatives regarding the sale of hard currency in the central bank auction and now the process of raising the report to the Public Integrity to take legal procedures regarding this, saying that the report prepared proved the existence of financial corruption large in the process of selling hard currency and person cases and the names involved in the sale of currency at auction Central involved so.
[BondLady] explained: that the report pointed out that there names were repeated are dealing with central bank auction day ie there is a process monopoly to sell the dollar in the auction and this will lead to sabotage the national economy and may be legally will be dealt with decisively in the coming days.
indicated to: that every financial institution gets the corruption but the central bank turned out to be a corruption of a very large, especially when changing Iraqi dinar exchange rate against the dollar point or two points (any point means the dinar)
This, when combined will become large sums lose the country every day and there are people gangs benefited greatly From this the change rate of the currency. said: permanent committee formed to monitor the performance of the work of the central bank in terms of its disadvantages and advantages will report during the next two weeks to the Presidency of the Council of Representatives to see the performance of his work in general. http://www.ikhnews.com/news.php?action=view&id=59376
Baghdad / Orr News I learned Agency (UR) of political source familiar with the continuing investigation file currency auction sale in the Iraqi Central Bank, and sources confirmed that the results of the investigation will lead within days to withdraw by Central Bank Governor Sinan al-Shabibi of Directors of the bank.
The source said that "the coming days will witness a parliamentary decision to withdraw by the province of the Central Bank of Iraq Sinan Shabibi and some officials in the bank against the backdrop of significant financial suspicions of corruption as well as money laundering and will be brought to justice."
The House of Representatives form a parliamentary committee to investigate ERA selling currency in the Iraqi Central Bank and the Commission concluded that writing a report marking significant violations included in the sale file currency and money laundering and Mhoppeh transactions to people from within the bank.
The spin great suspicions about the work of the central bank which had previously confirmed that the Finance Committee in the House of Representatives and there are many financial irregularities in the bank, in addition to the existence of financial and administrative corruption is unprecedented. http://www.uragency.net/2012-03-11-16-31-52/2012-03-11-16-33-57/11058-2012-10-10-09-18-59.html
[BondLady] both from yesterdays chat where i even talked about most of what i have in that 1 i did in this 1 but dang if today i didn't re-read an article from 10/3/12 that showed me i'm right on target imo
[BondLady] i am and i reached all my points through diligent studies and connecting the dots until they all connected for me this morning shabs won't disclose everything to parliment and the goi they would leak things or they would screw up his monetary policy or if they know whats up they could cause the markets to go nuts
[BondLady] half of parliment doesn't have a clue as to whats going on daily in thier jobs and half don't understand any of it some can't read some can't write some still don't know what the erbril agreements were
[BondLady] things through our studies of the news has shown us we know more than they do and this is all about them again i say to you the cbi never changed the road they were on speculators and gurus did that its confused us all through the years no one knew what to believe and what not to believe
[BondLady] we all assumed the possibilities of it all but no one ever really knew
[BondLady] i like you, like all of us at one point or another we all listened to what guru's said until we finally got sick of the constant up and down roller coaster and this is why bondladyscorner exist's
[BondLady] so we don't have to ride that ride we can study the news not have all the highs and lows each day, each week we're stable just like shabibi has finally stablized the iqd again so are we
[BondLady] and now the next step is about to happen shabibi imo IMO is about to remove the programmed rate and let the free float commence again
[BondLady] like i said whether he takes it from 1166 to 1000 and then removes the 000 completing a 1-1 or if he let's it free float from 1166 to 0 then up to the skys the limit , LOL.. actually there would be a limit but then again if he took that route
[BondLady] soon as it hit a 1-1 that way i believe he would do a programmed rate on it to keep it stable again and thus let the dinar rise again behind the curtain just like he has done this whole time
[BondLady] he just didn't account for iran and Syria messing with his monetary policy imo because of all the talk about removing the 000 and releasing the ld's that would be the 1166 to 1000 which would be faster
[BondLady] if he did the other then he remove the program rate and let it go like he had done all along 1166 to 0 then up
[BondLady] we had the map layed out for us all along it was right there history never throw it out you will need it to see what the future will hold and we're seeing what history did and is doing for iraqs future so let me bring one last article in
[BondLady] Haitham al-Jubouri called "central" to raise the value of the Iraqi dinar against the dollar Special Reports Baghdad and agencies GMT Wednesday, October 10 / October 2012 10:10:11 GMT That Iraqi Dinar To Price Jubouri Bank To Central Must Value In Of Dollar Currency Oscillation The equivalence Prices Dollar Pointing A member of a coalition of state law, MP Haitham al-Jubouri that the Iraqi currency recent witnessed great volatility represented in the low price of the Iraqi dinar against the U.S. dollar and this dire economic damaging of all citizens calling on the central bank to work on raising the value of the Iraqi dinar against the U.S. dollar exchange rate.
Jubouri said the central bank should take its role in this issue as the issue price of the dinar based on supply and demand and therefore must move toward maintaining the value of the Iraqi dinar and the equivalence in U.S. dollars. Jubouri said it is necessary to do no harm Iraqi dinar and the national economy as a whole. Before the adoption of the budget in 2012 in order to budget properly determined. Adding that currency volatility prices borne by the central bank and traders.
[BondLady] ty rosie for finding this Haitham al-Jubouri called "central" to raise the value of the Iraqi dinar against the dollar
[BondLady] That Iraqi Dinar To Price Jubouri Bank To Central Must Value In Of Dollar Currency Oscillation The equivalence Prices Dollar Pointing
[BondLady] That Iraqi Dinar To Price Jubouri Bank To Central Must Value In Of Dollar
[BondLady] Must Value In Of Dollar
[BondLady] that the Iraqi currency recent بالآونة witnessed great volatility represented in the low price of the Iraqi dinar against the U.S. dollar and this dire economic damaging of all citizens calling on the central bank to work on raising the value of the Iraqi dinar against the U.S. dollar
[BondLady] Jubouri said the central bank should take its role in this issue as the issue price of the dinar based on supply and demand and therefore must move toward maintaining the value of the Iraqi dinar and the equivalence in U.S. dollars.
[BondLady] it is necessary to do no harm Iraqi dinar and the national economy as a whole. Before the adoption of the budget in 2012 in order to budget properly determined. Adding that currency volatility prices borne by the central bank and traders
[BondLady] in conclusion i hope i've been correct in all i've said, i've surely shown you a very strong possibility of it being a free float and showed its what the cbi did all along from 2003 until he started his programmed rate and as i said i believe he set the programmed rate to hide what the real rate was coming out at as to curb speculators
[BondLady] the dinar was moving strongly through the pips only 1 year since 2003 prior to the program rate did the cbi actually devalue for the most it gained value and some years moved several 100 pipsfrom 3000 to 1170 again cbi didn't change its course speculators did
[BondLady] didn't stop the cbi from doing what their plan was or stablizing the dinar so they could take it to the next level we're in very exciting times folks i'm so glad to be apart of it
BondLady] hope as always i've been correct in my research, and hope i was able to convey my thoughts to you so you would be able to understand the 1000's of things running in my head per this investment
[BondLady] ty all hands the mic to her staff
PART 2 CONTINUED
DATED CHATS BONDLADY MADE REFERENCES TO:
[BondLady] MY CHAT FROM..... 9/3/12 ...
1 -- http://www.dinarrecaps.com/1/post/2012/09/part-1-bondlady-chat-post-by-tim724-bondladys-corner1.html
[BondLady] MY CHAT FROM ..... 9/27/12
2 -- http://www.dinarrecaps.com/1/post/2012/09/bondlady-shredd-chat-post-by-tlm724-bondladys-corner.html
[BondLady] MY CHAT FROM.......10/4/12
3 -- http://www.dinarrecaps.com/1/post/2012/10/part-1-bondlady-articles-chat-post-by-tlm724.html
[BondLady] MY CHAT FROM ..... 10/10/12
4 -- http://www.dinarrecaps.com/1/post/2012/10/bondlady-chat-post-by-tlm724-bondladys-corner.html