9-7-2012 UpAndAdamTV: Not sure if everyone took the time to notice this but last months currency auction had the IQD down to 1189 and this month we see the CBI had the Exchange back at 1166.
It is my opinion that tied up USD can't back up the IQD, which basically puts us in a float currently.
Now we know they have billions but how much of that is backing the IQD? I think that is what adjusts the current exchange rate until a commodity is pegged to the IQD. Now we are all thinking about Basil 3 compliance, we shouldn't do that. Let us think about Basil 4 and Basil 5 as they ween more countries to back there currencies by commodities until we see Countries solely based on Commodity.
Iraq is preparing for the future. No one is in a better spot.
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9-7-2012 Uticensis Risk (Political Risk Consultancy): Maliki has shown no interest in compromise. Baghdad threatens Kurds with budget cut over oil row. It is a starvation strategy - the IOC contracts are worthless if Erbil has no money to make payments. We view Maliki as VERY determined to stop Barzani, no matter the costs.
Unless the Turks bail Barzani out, the KRG is screwed. "Investors" only pay for infrastructure when there is money to pay them. We consider this talk of negotiations nonsense; it simply isn't in Maliki's interest to reach a deal based on status quo.
Maliki is claiming in Arab media that the White House supports Iraq's regional policies. Despite reconciliation, Maliki and Mutlak are still split on the amnesty bill. Mutlak favors, Maliki says it would increase crime.
9-7-2012 HenryB (emailed to Dinar Detectives): Whoever keeps posting that Talabani is already back and the RV is done, doesn't know what they are talking about. They don't know the plan, none of us do. We need to be honest with each other and stop pretending that we can see behind the curtain. This same poster said the Talabani was going to rush around after being sick and attend the London Financial Conference later this month.
Talabani isn't even listed as a confirmed attendee, never was. It seems people in the dinar community need to stop listening to their "sources" and do more research. Only the PTB know what the PTB's plans are. Watching people in chat rooms pretend that they know the plan is good entertainment though.
9-7-2012 NWGUY: I am sure that Iraq is in position to exit Chapter 7, but I am concerned about the recent situation, Iran & Syria. Iraq will need to be clear of this situation to get out. The Chapter 7 IMHO, at this point, is the only strings the UN has to control Iraq, and keep them out of Iran & Syria.
The UN needs to keep pressure on Maliki & friends, or we will be back for round two, and neither party wants that! Maliki has got to understand he will be in violation of the UN, if he doesn't stay out of Iran & Syria, which means, no military toys, he doesn't get all his funds around the world back, and no RV! Be smart Maliki! Go RV!!!
9-7-2012 NWGUY: Don't worry!! Things are moving along just fine. This article (John Lee article) is bogus!! We are on track to see something exciting, and there are not enough negative articles to stop it!! We have had great news this week, and I am really optimistic that we are in the final leg of this journey. They are working hard on the HCL, Ministers, Kuwait issues, and Chapter 7. Do not get distracted by articles like this one!
9-7-2012 Kaperoni: Economic stall seems to be the focus of articles this week. Though I found the unannounced visit of 3 US congressional members rather interesting. Maliki seems to be the continued target for lack of progress and misbehavior. Is this all just a smoke screen before the Iraqi Banking Conference?