From Dinar Recaps Comment Section:
TIM said:WELL UNFORTUNETLY THEY EXPECTED THE CURRENCY TO BE LIVE & ACTIVE PRIOR TO THE UN VOTE OR AT THE SAME TIME, HOWEVER LATER IT WAS LEARNED THAT THE AGREEMENT REGUARDING THE DINAR & ITS REACTIVATION WAS IN THE DOCS BEFORE THE UN COUNSIL MEMBERS & THEY WERE SATISFIED WHICH IS WHY THEY RELEASED IRAQ WITH A 15-0 VOTE.
AS OF LAST NIGHT MY SOURCES ARE EXPECTING THE CURRENCY TO GO LIVE AT THE NEW RATE 1ST THING MONDAY MORNING, I HAVE NOT RECEIVED ANY FURTHER NEWS WHICH CHANGES WHAT THEY ARE EXPECTING SO ALL I CAN DO IS HOPE THEY ARE RIGHT.
HOWEVER ONE HUGE FACT IS COME MONDAY ALL CITIBANK & OTHERS WILL BE ABLE TO DO IS TURN ON THE A/C BECAUSE THEY WONT BE ABLE TO DO BUSINESS WITH THE DINAR UNLESS ITS RECOGNIZED & TRADABLE SO I GUESS WE WILL SEE.
Jason said: From my source at wf. They are prepping for appointments for exchange on Tuesday. (Source is a family member high up in corporate).
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DuallinTWY 06/30/2013 12:41am
I don't post much but thought I would give this a run. My thoughts after watching, reading, and considering things through my mental filter are: As has been said for quite some time by many before me, much was going on behind the scenes and deep in the heart of this "process" that few were privy to for a very long time in preparation for this event. My thoughts are as follow:
In preparing for Chptr 7 release, a trail if you will of events to fall in line beginning next week was also set up. Given the provisions of chptr 6, I believe all will be dismissed against Shabibi (unless it has already been done...), he will be reinserted into the CBI to finish out his term and complete this process that he has so diligently worked on for so long. In compliance with Chapter 6 provisions, the rate will begin to rise attractively, luring many to cash in and potential investors to start making their moves
. Iraqi people will finally dine on fine food and tile floors during Ramadan and begin to experience what they have lived so long without...and we shall celebrate as well, for them and ourselves.
A thought; with assets being released that were frozen some ten'ish years ago, will the value of those assets return to pre-chapter 7 value ie: $3.22 for the dinar just a day or two prior to the assets freezing?
Emailed to Recaps:
ShawnW: Dont normally post many rumors.... but.. This one is directly from my mom and I believe the source... lol, for those of you that know a couple of years ago, I also posted one of these as she is the type of person that if she is hearing alot of rumors that we are very close, she just heads to the nearest bank, whether she knows them or not and asks for the manager.
She was in Wenatchee this weekend, and after getting the run down from me on the phone this morning, decided when she was in town, that she would stop at the local chase bank. She asked for the manager and then asked if there was any news about currencies revaluing.
The manager told her we were notified that there are going to be new currencies to exchange starting on Monday, but were not told which ones. She did not know anything else.
Works for me!!!! lol
WCW] update on cap1's son **** cap's 15 year old son has a broken right upper arm, broken collar bone/clavical. Bruised lungs, pneumothorax and possible contusion to the spleen. We need to continue praying for his son, cap and family as they go through this difficult time.
cherryberry] williamB Phoenix is reporting that the cbi will open up with the new rate on Monday but I think he is off by a day IMO. Lol
[williamB] i still think that iraq has a huge part in setting the rest of this all in motion
[Capt Ron] (since most nations have adopted the Basel 3 except the USA?)
[williamB] Capt Ron i think the revaluation of the iqd sets it in motion
[Capt Ron] so that the USA's Basel 3 compliance is driven by the Iraqi initiative?
[williamB] if i recall, basel 3 is a new set of regulations on how business is conducted on exchanges and international banking alike
[Lauren305] i thought there were only a few banks lagging in being Basel III compliant, that most were already there? Hence the IMF pushing other countries to get in shape and toe the B3 line?
[williamB] but it has a huge side effect too
[Capt Ron] perhaps in that way the USA would have control of the final execution trigger: our Basel 3 compliance date.
[williamB] it removes alot of the banking corruption
[AuntieTeeTee] i did read that all these worldwide banks have till 2019 to meet this requirement!
[williamB] AuntieTeeTee some countries technologies are less and slowr than others
[goin4broke] Capt Ron I played golf with Prez. Of BOA in Charlotte and asked obviously about Basil which they aren't fully compliant and the Dinar. He was shocked by Dinar question but said it is real but they aren't ready yet to handle it. Take it for what its worth.
[AuntieTeeTee] so my question is does basel iii a requirement for an Iraqi rv???
[Capt Ron] g4b, that's worth a lot. ty.
[williamB] goin4broke how long ago?
[Lauren305] williamB no, you refer to the laws which became effective in June 2013. BaselIII states banks must have a percentage of their deposits in hard backed items, such as gold.. that is a global thing. requested by the imf.
[williamB] Lauren305 yes that makes sense
[Capt Ron] AT&T it looks like the USA Basel3 date and the rumored iqd rv date are so close together that it might not matter.
[AuntieTeeTee] Capt Ron so and RV can happen WITHOUT USA meeting the Basel III thingy?
[Lauren305] usa banks must be fully compliant by yr 2019, pushed back from 2015. so they have time yet to comply
[Capt Ron] AuntieTeeTee I don't know. I would LIKE to know.
[AuntieTeeTee] Lauren305 yes it did see that somewhere
[AuntieTeeTee] Capt Ron me too
[Lauren305] wikipedia... Basel III (or the Third Basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It was agreed upon by the members of the Basel Committee on Banking Supervision in 2010–11, and was scheduled to be introduced from 2013 until 2015; changes from January 7, 2013 extended implementation until 2019 however. The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis. Basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage.
[williamB] my understanding is this doesnt stop the rv
[Capt Ron] williamB ok
[AuntieTeeTee] Lauren305 ... did u see that word VOLUNTARY!
[williamB] this is probably why the dollar will devalue eventually
[williamB] but in the end having a real value
[Lauren305] AuntieTeeTee yep. that's why you dont put your $ in a bank that isnt B3 compliant. means they dont have the collateral to back your deposit. so a Cyprus can occur there.
[Capt Ron] unless the United States applies the value of all of those vast offshore oil deposits, and all of those vast inland shale deposits. THEN our usd would have a pretty good asset based value. But I dream.
[Capt Ron] I'd guess that one of the biggest assets the USA might end up having will be our iqd we hold.
[Capt Ron] Lemme see now....which President can we thank for arranging all those iqd in reserve for our nation? Lemme think.
[the shadow] hub hub did any of your friend say anything today ]
[hub] the shadow lastest was yesterday and had two messages,,,one said go get some extra large adult depends and the other said hold on to your bloomers......
[hub] yeah,,,they have said just hold on,,,its here and we will see it very soon......other than that,,,,not much
[hub] the shadow both contacts mentioned Sunday in conversations with the people they talk to...so we shall see.......
[hub] i dont know,,just let yall in on what i am told.........
[bobbysac] hub thnx , sounds good ,
[bobbysac] sounds like we are close