PART TWO Tlar & Dinar Alert Member Discussion
Kaperoni: Next month. Secret procedures for recovery of the dinar against the dollar
Written by Ammar Al shaikhli Thursday, 30 may 2013
With the continuing decline of the dinar against the dollar since the Central Bank sales and change management, informed sources said that the Central Bank will start next month with the opening of documentary credits in banks to the dollar exchange rate dinar to normal and prevent a recurrence of the situation of exchange rate volatility.
FULL ARTICLE & LINK TO PART ONE
Read More Link On Right
Punisher: Tlar, lets say it looks like this new plan looks like it is working once it starts...do you think the July 1st timeline will come and go because of that? I know July 1st is not a set in stone date for anything to happen.
C36: And as I mentioned before, but some think I am crazy, 2% is impossible. Just be reading this article one can clearly see 10% will be the acceptable norm. Granted it is not what people may want, but that is what hte market is demanding.
With that in mind, Kap's float theory hold water simply because one can see the market demand. As the IQD moves downward (hopefully) there will still be that margin of about 10%.
No changer will charge more else they price themselves right out of competition. The closest analogy would be two gas stations on the same street. They will always have prices close to or equal with each other. If not, one station will get more business because of lower prices.
"The old dreams were good dreams; they didn't work out but I'm glad I had them." -Robert Kincaid
Carrello: Tlar, Maliki is a narcistic sociopath and a very sick person, as well as his cohorts and the Iranians on the other end of the stick. Thank you for your opinion, and thank you, Kap, for the article.
shaund207308: people seem to forget its not about iraq or iran or syria, its about shia sunni kurds... to them there are no boundries... and I argee as there boundries are lines made up by the west and install a corporation aka goverenment to adminstrate the trust there...
so what im saying is thats why maliki doesnt give a hoot about iraq hes more of a shite iranian anyway.... i mean he lived in exile there for most of his life...
we will see whats happens in the next weeks... seems like something has to give. if we dont see this happen in the next month then 2014 here we come... obvioulsy im like all of you and want to buy a new tesla forget a corvette... all electric baby!!!
the fiat currency will fall as asset back currency will take its place
Punisher: C36, We shall see if it's Tlars 2% or your 10%. I think maybe inbetween. And Shaund2073, I agree, if not in July then most likely 2014...
Tlar: Punisher, I honestly wish I had an answer to your question. We will have to watch and see where this goes. If they start out in June with the "secret procedures" and they work, that will lead one direction and afford them more time.
If the secret procedures don't work, IMHO the bank will go to crisis mode and might consider using the nuclear option. Things can't stay as they are or Iraq will suffer the consequence of a failed dinar and a worse than they are today economy in trouble.
Quite honestly I'm not even sure the bank is ready to try the nuclear option. We can make an assumption though. If Shabibi thought that by June of last year they would be releasing the smalls in September, and then again stated in January of this year they would be releasing the smalls, then hopefully they are ready.
In October Shabibi announced to parliament the bank was ready and had all the tools available to go to delete the zeros which would again imply to me the smalls are ready. If they really are ready then he has the nuclear option available IMO.
Let me say this about what's going on. There is a saying in business. "to much business is better than no business at all." I feel the same way about what's going on now.
To many articles and to many currency problems in the news, IMO is better than no news or problems on the currency at all. We will see some kind of a move soon not necessarily because Iraq or the CBI wants to, because they have to. The CBI is backed into a corner.
They will either fold their tent or come out swinging. To do nothing IMO is to fold their tent. We have seen many defining moments come and go without satisfaction in Iraq especially in the government and parliament because of Maliki.
We have seen 3 defining moments come and go at the CBI and the sacking of Shabibi because of Maliki. What the bank does in June will be scene as weakness or strength. Turki's legacy will depend on his actions or inaction during this crisis. I smoked Joeg's hopium so I root for Turki.
The nature of some people is to rise to the occasion. If we expect to see our end goal anytime soon IMHO it will be Turki who has to stand up against the government and prove the bank's independence by making the tough decisions..
I think we are seeing some signs of this in his articles to the Judiciary and his declarations of independence to the press.. As usual we, the witnesses, will have to sit and witness until it changes one way or the other. We have no control or influence, we just watch as it unfolds.
Punisher I did not answer your direct question. At this point nobody can IMO with exception of maybe Turki.
BlueyesinLevis: It surely is interesting... and there seems to be tremendous pressure... both economic and politcial. It will happen when it happens.. and we are in a good window... I just dont understand the incessant need to talk about the date it may happen.... or the projections about dates far in the furture. This thing will be event driven.. and we can only watch what happens week by week.
Punisher: Tlar, as you say we watch to see what unfolds. June is tomorrow. Thank you for attempting to answer my question.
DarbSalad: Is there any alternative plan to prevent Iran from diluting the value of the dinar other than bring the dinar's value on par with the dollar or floating the currency as stated by Kap and Enorrste? I would think that the Iranians will continue to pay a premium for the dollar.
Issues: Thanks again for the post! Great job by all. IMO Turki has done a 180. After Maliki started to accuse the CBI (Turki) again I believe he has been working behind the sceneswith Shabibi.
Because Shabibi was at the Economic Conference in Switzerland in March and because we have been hearing from Shabibi periodically and becuase the IMF has come out in continued support of Shabibi is why I believe Shabibi is still involved.
Turki doesn't not have the background or education in economics. The new plan seems like a Shabibi plan - again just my opinion.
Gainsmore: There's one point that no one has brought up on this site.... and that is what Maliki is ultimately doing: He's fighting a central bank being set up inside Iraq and also by default inside Iran.
One will notice all of the countries around the world on the shit list are those that do not have a central bank. Now I not saying that these are particulary nice free countries but keep in mind one mans terrioist is another mans freedom fighter.
Maliki's weak Dinar policy is really a no central bank policy. It's criminals fighting for control...
Olemartin: Tlar normally wins the "Olemartin Award" for the most original daily post, but Gainsmore just put in a strong piece here. You are correct IMHO. The central banksters, after attempting to shore up their bleeding balance sheets using the Dinar as the proxy for exploiting the natural resource wealth of Iraq, will set their sites squarely on Iran -- and they know it.
I am sure that Maliki's gratitude for the protection of Iran during the Sadam reign and his religious affilliation play a role as well. Also, Iran within the past 2 years has had spontaneous uprisings (unsupported for whatever reason by the US government) against the religious establishment.
Watching the citizens of Iraq, next door, become progressively more wealthy and happy would foment the dissent of the masses.
I hope to see everyone back here in a few years on (Iranian) Rial Alert. Just kidding, I doubt the present world financial structure will survive long enough. I've got my eye on the Dinar!
ReVbo: I'm waiting on the Cuban Peso reval next after the old man finally checks out and Cuba becomes the tourism capital of the western hemisphere, as it was before the glorious revolution, Olemartin, but I will be no where near PesoAlert.com five years from now. I'll just buy the stuff and wait 'em out.
BlueyesinLevis: gainsmore , Great "Big Picture" way to look at it. Kudos.
Punisher: I agree Shabibi is working in the background and is probably in Turki's ear.
ZenMav: Well, one this is for sure. We ain't finished playing' Cowboys n Muslims over there...by far.
shaund207308: Gainsmore, You are 100 percent correct, and I don't feel he is a criminal.. he is not trying to be enslaved the the debt system that has Been created to control the world and keep us in lack... while they just print money out of thin air and control you... so I have a moral conflict here.. thats while Maliki has a weak dinar policy indeed.
I have thought all along that shabbi was still running the show.. there is no doubt in my mind.. the IMF wouldn't let Turks run there business. He wasn't appointed by them.. he may be a front man and had helped Maliki burn whatever files needed to be destroyed if that was the case.
But we live in an electronic age.. whatever they have on him and there books in on a server in Europe somewhere of the FRB. Anyway. These next 3 weeks will be very emtional for all of you I can already see it :) the fiat currency will fall as asset back currency will take its place
2COLLECTG: this ain`t about maliki this is about money and a whole lot of it! if the files between them are truly done then the only thing left is??????