DreamWeaver OMG. All I can think is that IF it is true that dinar is reflected as billions in budget, then they will RV before "opening" budget. Doesn't mean it will be today or tomorrow, but right around the corner--probably after investment laws are passed, etc. Is that how you guys see it?
Their current accounting system only goes 14 digits, so we've long assumed that when they are going to do the RV, the budget will be in billions dinar, not trillons.
I'm very grounded and not going to go crazy, though it is interesting that they might have done a switcheroonie between passing the budget and publishing the budget in the gazette OR they may have added billions USD to budget, too, as typically shown. We just don't know.
Let's see a translation of that budget in English and then watch what they do. Nothing has changed in that regard. It's still about their actions, guys. Excellent possibility, for sure. Thanks, all ~ DW
Phillyman My guarded side says it makes no sense to telegraph the impending change. Is there no one else out there that has seen this and drawn the same conclusion as my ladies? Wouldn't it create a run on dinar? Hoping I'm a total idiot and missing something.
DreamWeaver I'm guarded as well. My first thought was that it is translation error and that they merely added the USD billion figures to the budget, but who knows. I'm not running out and buying more dinar or throwing everything in suitcases :) but patiently waiting to see how it unfolds.
Don't think you're missing anything and you'd never qualify as an idiot, Phillyman, so your thoughts are sensible. That said, is it possible? Sure. Probable? I'd have to say unlikely since the linked website doesn't provide English translation. Will need to see this one in black and white before I get excited. That's just me. Best ~ DW.
rissas dad Agree phillyman and DW. Im highly doubtful of this conclusion. There is too much focus by ladies on the budget and its meaning. Im not buying it. Hope shes right.
rissas dad By the way good morning all. My skepticism is purely on ladies emphasis on the budget already going into law and this billion trillion thing. Seen this before. However i do believe what blue brought last night is very compelling. Im not down at all, quite the contrary.
DreamWeaver This is from Ralph's site. Does anyone know how to translate these articles into English?
THE IRAQI BUDGET HAS BEEN SIGNED,
HERE IS THE OFFICIAL TEXT ENACTED INTO LAW AS PER THE PRESIDENT OF THE REPUBLIC.
Good morning, Rissas. By the way, budget did go into law. There was article in budget that allowed them to post it immediately--1/31, I believe--in Gazette instead of waiting 15 days, etc.
I just posted Ralph's reference to it being law above, but there is still issue of whether they swaped trillions for billions. Will need more clarification on that. Hoping someone knows how to translate that hyperlink in my prior post.
What did Blue bring last night? Curious. And I'm not down either--far from it. Blessings :D
Caveat: Just saw Brule's post, so I'm assuming this website is viable verification budget is law but leave it to those more familiar to give thumbs up or down.
Brule I am not sure why Ladies would say the Gazette is posted at the Ministry of Justice's website. The Gazette, in this context, is the Iraq Local Goverance Law Libray, where you can view "Most Recent Federal Documents", and the budget is not listed. http://www.iraq-lg-law.org/
CASHMONEY I will get excited when I am standing in line at the bank and I have the receipt in my hand of my new account balance POST RV ofcourse!! Until then its all speculation
hi-five I read this to mean that it must be published as of 1/31/15. Stryker said the same in his synopsis.
Urgent Parliament vote on Article 59 of the draft budget, which provides for the publication of the law in the Official Gazette facts Law Baghdad: Euphrates News} House of Representatives voted on the fifty-ninth article of the draft federal budget for the fiscal law for the current year, which provides for the deployment of law in the official newspaper the facts as of 01/31/2015. http://www.faceiraq.com/inews.php?id=3471278%E2%80%8F
The WB agreed to loan 6 Trillion dinar. According to the Ladies, the budget shows a loan of 6 Million dinar from the WB.
Moonman1963 Why wouldn't it be 6 billion? I mean 6 million isn't much of a loan for a country at any rate. Any fool can criticize, condemn and complain and most fools do. Benjamin Franklin
SO FRIENDS WE ARE VERY CLOSE AND WAITING ON NOTHING FURTHER WITH THIS BUDGET, NO 15 DAYS OR SPECIAL SIGNATURES OR 30 DAYS OR ANY OF THE CONFUSION OUT THERE.
TAKE A DEEP BREATHE AND THEN EXHALE. THINGS ARE MOVING WITH GREAT SPEED.
TOMORROW AND MONDAY WILL BE VERY TELLING THEY HAVE MANY FINANCIAL OBLIGATIONS AND THEY MUST MEET THEM INTERNATIONALLY.
No, we're not in Kansas anymore, FWIW, got a good friend, 5th throught the 10th, is what he told me last night. Dont like naming dates, but, I think we all need a little encouragement, if it passes didnt hurt anything, Saw Biden and Obama on the news last night, saying to the cameras, we told you so,
we told you the economy was turning around, job growth has grown more this year than the last 9, etc.
I kind of took it that they were getting ready for all the credit, when we start paying our bills and buying the homes of our dreams, and giving to our organizations we want to support, just thought it was a little strange, when things in the world right now doesnt look very good, Im reminded of this scripture.
2 Corinthians 4:18 While we look not at the things which are seen, but at the things which are not seen: for the things which are seen are temporal; but the things which are not seen are eternal.
In other words , where you and I are right now, is subject to change, we are not going to be in this rut much lomger.While we look not at the things which are seen, but at the things which are not seen: for the things which are seen are temporal; or temporary, not much longer,,Good Morning Everyone and Have a Great Day! --(as always treat as rumor and due your own sound diligence)
Mike Geez, we're still talking about the rate being in the budget?
I predict the CBI will make the change's before the GOI can make changes to the budget, it just doesn't make sense to publish it in a budget before the actual move to Article VIII.
--" We are all born ignorant, but one must work hard to remain stupid " Benjamin Franklin
hi-five Moonman1963 at February 1, 2015 at 10:03 AM Why wouldn't it be 6 billion? I mean 6 million isn't much of a loan for a country at any rate.
That's what I've been pondering, too, Moonman. I 'm trying to find where this is in the budget. 6 Million is only about $6,000.00. This has definitely got me on alert.
T.Jefferson HOLY MOLY okay... WOW
“The most valuable of all talents is that of never using two words when one will do.”― Thomas Jefferson
hi-five IT IS ABOUT THE SIGNING OF THE BUDGET. DXXX FIRST SAW THIS EARLY THIS AFTERNOON ON PARLIAMENT WEBSITE UNDER LAWS ENACTED. HERE IS THE LINK http://parliament.iq/ILaws.aspx
I was able to get on this site last night, but not yet today. Think I'll wait until this all shakes out!
PreacherMan Mike you are a very level headed guy, and for that I say Thanks. and for the levelness you bring here to CC..:)
DreamWeaver Here's the link, Ralph posted, as far as budget law enacted. Hoping someone can translate into English, Hi-Five, as it will disspell or lend credence to what My Ladies are saying.
Preacher Man THE IRAQI BUDGET HAS BEEN SIGNED, HERE IS THE OFFICIAL TEXT ENACTED INTO LAW AS PER THE PRESIDENT OF THE REPUBLIC.
- (as always treat as rumor and due your own sound diligence)
DreamWeaver Could be some credence to what Mike says, Preacherman. Just no way of telling. Never fault someone for being grounded or level headed, though it is often blatantly misinterpreted as being either negative or a basher. When I told my husband about this thread, he said "pumper alert."
What cracked me up is he started making the dive, dive, dive sound that happens when submarines take off for the depths
Preacher Man Love to stay grounded, thats funny dive, Dive, Dive..
- (as always treat as rumor and due your own sound diligence)
Jeff19 Mike My Ladies do not belong to any Dinar site,so their is no way they are pumping dinar. The information they share is from a skype room.
Rockstar Not true they belong to dinar guru and recaps...lol.. Great discussion everyone but I believe Mike is correct, thanks for keeping us grounded.
Mystic 137 Rockstar.... I believe no one really 'belongs to' or is affiliated with Dinar Guru and Dinar Recraps....those are just sites that collect and post info/opinions/anaylsis from the whole Dinarosphere...I see stuff from at least 7 different forums on there
DreamWeaver Jeff19, respectfully, that doesn't mean they aren't associated with dinar groups. Mike, by the same token, doesn't mean they aren't right on the money ;) with their info.
Think we should just hang loose until we can see the English translation of the actual budget. Surely someone will eventually bring it over. Until then, no harn in sharing opinions respectfully as, after all, this is all speculation until something is verified no matter whom posts it.
Mary13 From what I've read, My Ladies are THREE separate women ... one comes from the banking/financial sector; one speaks and reads fluent Arabic ... don't know about the other.
They first appeared a few months ago on Frank's blog site, then recently abandoned him with much criticism about the hype, boastful statements, playing word games, teasing with riddle talk ... They declare they post only FACTS, never rumors or intel.
Mike Thanks, guys. Jeff, you're right, but Wang Dang uses a Skype room as well, so for me it's all the same. It's really all about what they say, not where they say it.
It's naive to think that what they say will only stay on their Skype site, of course it's going to be spread all over the dinar sites, it landed here didn't it?
DreamWeaver Guys, I started a thread, about the BUDGE LAW ENACTED that I had hoped someone would translate so we could get to the bottom of this. Until that happens, we are flying blind.
Why not focus on trying to get that budget translated into English from this point forward? That is most prudent use of our time. I've no clue how to do it. Tried and it was gibberish.
Mike DW, I think I've got it figured out. Over at DA they have a translated copy of the budget that was submitted a month ago, and it starts out similiar to what the ladies are talking about.
Article 1 First: A. estimated the federal budget for fiscal year 2015 revenues of $ (99.801875 billion) thousand dinars (ninety nine thousand, eight hundred and one billion, eight hundred and seventy-five thousand dinars ) as shown in (Table /o.eradat according to numbers) attached to this law.
(b) calculation of the revenues derived from the export of crude oil based on the average price of $ 60 dollars per barrel and the rate of export of (3300000) barrels per day (three million three hundred thousand bpd), including (250,000) barrels per day (two hundred and fifty thousand barrels per day) for quantities of crude oil produced in the province of Kurdistan and (300,000) barrels (three hundred thousand barrels per day) for quantities of crude oil produced by the province of Kirkuk, and that all revenue actually revenue of final state treasury account.
And then the ladies post.
LAW FOR THE YEAR 5162 THE GENERAL BUDGET OF THE FEDERAL REPUBLIC OF IRAQ FOR THE FISCAL YEAR 5)) THE FIRST CHAPTER(( REVENUE ARTICLE 1 FIRST: THE GENERAL BUDGET ESTIMATED FEDERAL FINANCE / YEAR REVENUES OF )94,146,484,049
For me, all these statements say is that the estimated revenue for 2015 is $94 billion dollars, they're not saying that this is the budget itself, only the revenue, measured in petro dollars, is around $94 billion.
I added the information about where the money was coming from as well to insure clarity and show how they came up with the revenue numbers. What say the rest of the board?
Gijane when they say "billion thounsands", that equals trillions.
Mike GIJane, That makes sense.
Brule For FIVE budget cycles, we have been through the same conversation: billions and trillions. IQD and Dollars. FIVE years that I remember. Just sayin'. And I think gijane hit the nail on the head.
Skylimit The acid test for any rumors are the market's reaction. Some people know ahead of time events that are about to occur whether it's a pending war, peace or an event like 911, the markets almost always give you clues. I would expect the supply of physical dinars to dry up as we approach this event.
Someone else invested in this told me that Dinar Corp. posted a few days ago that they were out of dinars. I didn't have time to check. I agree with Mike that the mountain of BS posted from people on this event makes it hard to find anyone credible as to the timing or rate. Markets don't lie however and should buying in size become an issue, the message is clear for all who will listen.
Skylimit BigJohn, so would I, the person who told me is a very credible source who I would trust with my life. I was told however 2-3 days after the supposed fact and didn't have the time to check it on the day I was told.
Comments may be made at the end of Part 2 Thank You