2013-12-19 Post From Dinar Daily
IS THIS REALLY THE CHRISTMAS SPIRIT ?? === BY TD
I wanted to provide a quick update from the sandbox and also mention an excerpt from my chat with my contact there.
First of all, after days of feeling like I’m in some conspiracy filled tornado these past few days with news of “some” countries having new “live rates” at their central banks, CL & the IMF forcing things, etc. etc. I had a chat to confirm or debunk any of these rumors today.
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To be perfectly honest I was embarrassed at asking him these since my common sense knows better BUT these Gurus DO provide a millimeter of chance that “it may just be true”, so I went ahead and asked. Here’s the response in a recap (no pun intended) :
My source completely denies & rejects the notion that ANY CENTRAL BANK in any country has received a “live IQD rate” to release. He further states that the IMF, UST or any other agency or entity has forced anything.
He emphatically said that when rates are changed that it will FIRST carried out by the CBI , it will be instantaneous worldwide to ALL COUNTRIES, FINANCIAL INSTITUTIONS AND DEALERS .
On other news , the HCL is passed (actually he said it was drafted a long time back) but never fully implemented and most all provisions are ready for implementation.
The final pieces of providing the Kurdish region avenues of oil exportation ( thru Turkey) are now done.
There have been stop gap measurements of this law in place which periodically come to test every quarter and there has been now 3 consecutive quarters where the revenue sharing components are being equally distributed.
This past week has seen some revisions of the economic reform laws addressed and finalized. Rollout is starting.
Notably , is massive dedication to banking and modernization of equipment and personnel training being mostly completed.
There has been very active cooperation between Turkey & Iraq in this area and again to report, Iraq will be following Turkey’s model of successful currency reform and integration into the economy.
While there will be numerous closed door meetings among heavyweights of the GOI , Economic committee in the next two weeks unfortunately Parliament has recessed till beginning of January.
As here in the US and the dysfunction in Washington between Republicans & Democrats , political bickering is also going on in Iraq. And that’s why every day you are seeing articles in favor( and NOT) of implementation of currency reform.
The ace in the hole for M is that Turki was his hand picked choice and this hand will most likely be played in order to win re-elections. So we are still on target for the next 60 days.
According to my guy he can’t see it going past end of February . It will take time for currency reform to take foothold and work through the economy favorably before Spring elections.
Lastly, I want to address the title of my post today “Is this really the Christmas Spirit ?? The reason I chose that title is in direct proportion to the comment my Amigo made of the “conspiracy news ” being circulated in Dinarland ; you’ve all read it : 7 countries have rates, elite have cashed out, people double, triple dipping, massive investigations to start soon, etc, etc, etc. It’s deafening !!!
My Amigo did his higher education here in the USA and remembers us Americans celebrating the season with joy, care, love & respect for the celebration of Christmas as well as a time of care & brotherly love for each other.
He remarked to me today that “These conspiracy theories are hurtful and potentially harmful to many”.
YOU KNOW I AGREE COMPLETELY !!
If any of these Gurus do actually care or possess the spirit of Christmas then at least for now they should be silent & respectful !
Let’s face it guys : You really aren’t fooling most of us, shame on you for conning a few , and you should have a little bit of care & dignity and withhold your BS till after the new year.
I don’t think enough people who treasure this special occasion are speaking up enough about the insults to our intelligence & to the meaning & spirit that Christmas represents for so many.
GURUS : Just take a vacation for a little while, your silence right about now will be much appreciated. Show just a little respect ! I’m sure we won’t miss anything !!
Thank you, HAPPY HOLIDAYS TO ALL OF YOU. BEST REGARDS ,TD