8-2-13 TD: My contact indicates we are still in countdown mode for the train to start from the station on August 8th or soon after...
It will be a modest float as I learned and stated. Now for the newer developments: They are now in a hurry to set definite time frames to call in all the old notes which...is how they intend to manipulate the ROI, which like the float also means a modest return.
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TD Continues: So it seems you'll only have a short ride on the train and will be asked to get off the first station. Of course as an investor you could redeem for the New Dinars and ride it out for a longer time.
And one last juicy item my source revealed today: This should be a whack to all the Maliki haters, evidently Maliki was on the side of a huge markup on the Dinar, take credit for it & make himself a hero in the process.
THIS ATTEMPT OF A HUGE VALUE CHANGE WAS DEEMED UNREALISTIC AND UNSUPPORTABLE, BY THE IMF, THE CBI & THE FINANCE COMMITTEE AND SO MALIKI WAS OVERULED IN FAVOR OF THE PLAN TO BE ROLLED OUT. Comment
8-2-13 Hub: Now y’all may know this but I didn’t till this afternoon. This afternoon got a call from my coworker that I got involved with the dinar. He was at his WF doing normal business and on the counter was brochures stating WF is involved with foreign currency exchanging.
He asked the teller if she knew anything about this and she told him yes, that WF would be exchanging currency and could she help him. He said he had some dinar to change and she told him she would help him when he was ready.
I found out this brochure has been out for about a week. I did not know this. The fliers are out on the counters so they must intend for people to read them I would think.
8-2-13 BGG: “Where are we now?” This has got to be the question on a lot of people’s minds. Going back past the weekend before last (as early as Friday the 12th) there was an extraordinary amount of expectation in the Dinar community.
While there may have been some basis in fact, it is my opinion the vastest majority of the “hysteria” last weekend was fueled by “circuitous rumors” – “camp fire stories” and unscrupulous...“pot-stirring”. Let’s look at
Rumor: "Talabani will come back, sign-off on everything and RV will be announced over the weekend." I’m not downing the timing of when this may or may not happen, but I can assure you – it is a virtual impossibility that Talabani is EVER a political force in Iraq again. He’s not as well as his party makes out. Spooky rumor.
Rumor: "Dr. Mohammed Saleh said this won’t happen until 2014…(if then)." Firstly, he was never right when he was with the CBI. He always put out press reports that were almost always directly counter to what Dr Shabibi was saying. Secondly, he has no current standing – they JUST LET HIM OUT OF JAIL!!
Then today he comes out with an article that nearly counters this statement from yesterday. He said the political unrest will basically act like CH 7 sanctions on Iraq. Essentially – a currency shift will quiet things down and move things along.
Rumor: "WHY THE RATE SHOWED UP TEMPORARILY" It didn’t. Simple. Stick to the facts. There were no glitches, test rates, hitches, fuzzies or orbiting satellites falling – this will go when it goes. No questions asked. The “system” is in place and functions properly (the world currency trading depends on it) every day.