1-19-13 Rossenbos: I am invested for two years now. I decided to come and share this.
I have been in contact with a financial consultant for years. He is a high level bloke. I never talk dinar with him. He doesn't know I own them but one of his best mates does (he knows, I know).
He is working on global financial projects with big banks and big players.
Yesterday, in a conversation, he suddenly said: Oh, by the way, I heard the dinars will be revalued soon. So-and-so will be stoked.
I was shocked. Why do you say this? Who told you? And he said the people he deals with in his projects told him. A currency reboot.
Then he said: I know about the dinar for 3 or 4 years now and I was never interested. Partly because my guys never talked about it. But now they do. So I guess it is real after all (he gives these people a lot of credit for being top top notch and very well informed people).
I felt good.
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1-18-13 Blaino: Iraq is many things but in charge of "the RV" is not one of them, sadly. Rather, there are other entities and treaties that will regulate the time and nature of the revaluation, but in the interim, 'Iraq' is the convenient excuse to allow other matters to be settled, and they are indeed working in that direction. I am bound by certain fealty and others to say little more at this time, but the hour approaches when all mystery will vanish like morning dew in the desert!
1-18-13 Tlar: Yesterday I said Maliki has left the country. I stand by what I said. The NA having an emergency meeting and reporting Maliki was at this meeting doesn't surprise me assuming they are trying to hold onto power. Their boss is toast and they realize it but until he has been reported to flee they are still in charge and can negotiate who will be the next PM. If he is reported gone, the NA does not have enough loyal members to control the outcome. It is to their benefit to make people think Maliki is still in charge for the next few days and the way to remove him is to negotiate and install a new PM from the NA...unless I read that Maliki has actually been seen in the last few days by someone other than the NA, I stand by what I said.
1-18-13 BWM: According to contact in Iraq...the in country rate for the dinar had been trading within a 100 points of the 1166 rate...as late it had been running about 1218... according to daily number it looks like the printing was setup for a 1/1000 scale which means that was .0009 or 1111 to 1 which is moving the right direction and hopes are that things may be moving but are not to the point that we would like to see just yet.
1-18-13 Doc: We continue to watch as the news out of Iraq continues very positive. It now appears based on several reports the opposition against Maliki is strong and includes many from the NA which could easily spell his undoing. We see him doing one of two things which are cutting a deal to remain but giving up much power or being forced out. In either case we view this as positive as it should move the GOI to better stability and a true democracy. However, we are confident Maliki has a trick or two left up his sleeve.
Other news is focused on chapter 7 and is positive also. One report put it as simply as all Iraq needs to do is finish the commitments to Kuwait which are not many left. This shows progress but also tells us it has not been lifted and Iraq still has a little left to do. The news that concerns us the most is that the HCL does not appear any closer to resolution. Bazarini is talking about and new form of government for the Kurds and oil is being processed through Turkey. We see this as the most critical issue left on the table before any RV. Iraq needs to secure a steady flow of oil from the Kurds to support the value of the dinar.