Our Dinar Update May 5th
Posted on May 5, 2012 by BGG
Hello Updaters!! AWESOME news today!! The *** Flashback *** and *** Rumors *** will be “light” today, but *** Chat Comments *** section is PACKED with great stuff and there is an extraordinary amount of *** Current News *** to comment on. I hope you like the Blog – BGG
*** Flashback ***
As some of you may know, I have been talking for several months about Maliki’s rapidly eroding powerbase (long before I had the thought he could lose his job). I spoke of this on several calls and have written about it numerous times. When I started to see these “whirlwind” tours of Iran, Syria, and other places in the Middle East I talked about Maliki out looking for some new friends and trying to stir up some support. His powerbase was starting to wane (from within) even back then.
One of the big reasons for this trend was HIM – basically. Let me explain – from way back it has been his standard MO be divisive and try to get his enemies arguing about anything but him – rarely had the “blow back” gotten on him. For instance, during the meetings right around the end of SOFA negotiations and talks over “immunity for US advisors”…the plan had been to get him to the discussion over these topics and deal with him on the “powersharing” of the GOI. However, Maliki, knowing the general distaste for the US – skillfully got everyone in the room arguing over this “immunity issue” and arguing amongst themselves as well. That took the heat off him.
Read More Link on Right
This is his stock-in-trade and is the formula for running a government from the minority. If they are arguing between each other they have no time for him. This pattern may well be the biggest reason for his current demise – he was the “master of his own disaster” – so to speak. He took action against Al-Mutlag, against Al-Hashemi, against the Election Comission, against the CBI and in some cases, (behind the scenes) even against his own party members. Many times just to stir things up and get everyone arguing.
As I also mentioned recently the two things Maliki has woefully miscalculated this time is – his opponents have his MO figured out and are no longer taking the bait and the big difference since he successfully defended against his last “no confidence” vote (2006?) is how much quicker information and opinions travel on the internet now. It happens so much faster these days. Once the tidal wave of public opinion gets going – there is no way to stop it. In politics – here or there, perception is reality.
Pay close attention to the attitude and happenings in Maliki’s own National Alliance party over the next few days. If this goes the way I think it will – the vote won’t even be close.
P.S. Poppy was so excited over the last call and the info recently he didn’t sleep all nite and had to come over yesterday and have me help him get his Dinar Banker account verified – so he could live by the very advice we give!!
*** Current News ***
United States Alammerakh expressed no objection to this procedure
اتفاق سياسي على دعم رئاسة الدكتور الجعفري بدلا من المالكي ضمن اتفاقية اربيل الأخيرة Political agreement to support the presidency of Dr. Jaafari, Maliki, instead of within the last convention of Arbil (this is a double title – important)
Informed sources said the Shatt al-Arab News Agency that there is a tendency to the five forces that met in Arbil a few days ago to support the prime minister, Dr. Jaafari, head of the National Alliance, instead of al-Maliki has not been implemented if the items listed and signed by them during the period of 15 days.
And these sources have confirmed that Dr. Ibrahim al-Jaafari is the Shiite Personal and accepted nationally and internationally, where it was all ready for the introductions and it remained to be replaced by Dr. Jaafari, Maliki only.
And has transferred these sources that the plan be used to replace the two persons only and will not be changing any of the ministries or other government sites in order to avoid any problems and Marqlat, they will be voting on the dismissal of al-Maliki and at the same meeting, Dr. Jaafari is no choice in this transaction, without raise obstacles or problems.
And these sources have confirmed that the United States Alammerakh expressed no objection to this procedure, provided that in accordance with the mechanisms of democracy.
This is the “humdinger” of the day!! The National Alliance (Maliki’s own party) was saying they needed to pick a replacement to Maliki two weeks ago “before it was too late” – it appears they have made their choice. According to the “double title” the choice seems OK with Washington as well. As I have said, pay close attention to the National Alliance – there are several factions within the NA - as they go – Iraq goes.
Representatives of the “Supreme Council” Hall left the meeting, “National Alliance” yesterday and waved to the Sadrists for the owners to withdraw confidence from it
“a source involved in the meeting of the “National Alliance” yesterday evening that the representatives of the “Supreme Islamic Council,” left the meeting shortly after the start when they found that the leader of the “state of the law,” Prime Minister Nuri al-Maliki supported by the alliance president Ibrahim al-Jaafari, “he wanted of the two communities signed a blank check authorized by the current crisis management approach to private sector. ”
This is horrible news for Maliki. He seems to be trying to consolidate within his own ranks and the two biggest groups within the NA (IISC and Sadr) just walked out of the meeting. Sadr did the other day in Erbil and the IISC (Hakim) “bailed early” because Maliki just wanted a “blank check” or “Carte Blanche” might be a better translation. Bye…
Parliamentary sources expect 2007 to adopt the draft law of oil and gas
Baghdad / Ahmed Abed Rabboo
كشفت النفط والطاقة البرلمانية على لسان عضو اللجنة عدي العواد عن وجود اتفاق مبدئي بين الكتل السياسية على إقرار مسودة عام 2007 كقانون نهائي للنفط والغاز، في الوقت نفسه استبعد خبراء نفطيون أن تشهد الأيام القريبة الاتفاق على صورة نهائية لهذا القانونRevealed the oil and energy parliamentary committee member for the San Uday Awad of the existence of an initial agreement between the political blocs to approve the draft of 2007 into law a final oil and gas, at the same time ruled out the oil experts to witness the coming days to agree on a final image of this law
It has been long held by insiders that there won’t be an RV until there is an Oil and Gas law – this is how funds will are distributed. While I don’t see this as a major hold-up personally, it is a very good sign they are agreeing on it anyway. They have an Oil and Gas law on the books that will suffice – but a new revision won’t hurt. This may help soothe the Kurdish “hackles” too
State law: Gulf newspapers attack on al-Maliki to try to block the progress Iraqi-Kuwaiti relations
The MP said the coalition Abbas al-Bayati said in an interview for “Alsumaria News”, “some Gulf newspapers and in particular the country, began a campaign against Prime Minister Nuri al-Maliki, because they want to obstruct the progress achieved in the Iraqi-Kuwaiti relations,” noting that “some countries Adsha rapid progress , understanding that serves the two countries as they try to stop it.
Awww – Boo Hoo. Maybe they are attacking him because he’s a thug and they don’t like him very much. Could it be the regular insults – the lies, the broken promises?? I got an idea – start small. Do one thing you promised. Start there. I bet if Maliki paid for the symbolic border markers like he promised that would get things off the ground!! Start with a little tiny gesture….
Economist: Cancel zeros – Entrance to save currency.
On this basis, a proposal may delete some zeros from the currency valid proposal to re-value the Iraqi Dinar.
This is a very, very good article and the first time I have ever heard this terminology used in an Arabic news feed. We’ve been talking about the need for Dr Shabibi to have a free hand in controlling inflation for a long time (ie. RV). There it is folks!!
Parliamentary Finance: Call officials from the central and the Ministry of Finance to deliberate on the Iraqi dinar exchange rate
Baghdad / justice – Parliamentary Finance Committee confirmed its intention to call officials at the Central Bank and Ministry of Finance without specifying the functional grades to see through them on the procedures applied to maintain the exchange rate of the Iraqi dinar compared with hard currency. A member of the Committee Secretary Hadi said that “the Finance Committee held last week deliberated on the Iraqi dinar exchange rate and measures the Central Bank and the Ministry of Finance … Committee asked for new data on the procedures applied.” Said Hadi that “the Committee will summon officials of the Central Bank and the Ministry of Finance for the procedures applied to maintain the stability of the exchange rate on the grounds that the House of Representatives on the control of the executive bodies. “He continued,” we will share over the adoption of the Bank and the Ministry of Finance of the proper solutions in the case of maintaining the exchange rate and foreign exchange procedures for sale in the auction day. ”
This article is not the “good news” it is being touted by various info providers. It’s good they are talking and the CBI needs input from the GOI as long as it’s not another “sneak attack” by Maliki’s cronies. I don’t even think Maliki’s bunch truly understand this either – if they do manage to wrest control of the CBI from Dr Shabibi, they will put significant CBI assets at risk of immediate seizure or suit by foreign creditors and countries. They need to stay “hands off”.
*** Rumor Comments *** – May 5th
Rumor – [Millionday] Yes it is Tuesday this week coming (National Conference meeting)
I cannot debunk this – because it is true. It is Tuesday this coming week – however, that doesn’t “invalidate” everything else I have said about it. Why in the world do you think I was so adamant about having a “Guaranteed Reserve – during the call on Tuesday”?
Rumor – The banks worked overtime with processing and we are in the right place for the event to happen…
The main thing I disagree with in this vague rumor/hype is that the banks have long since been ready (there are no “glitches”). I do have contacts and they spent BoKu effort and dollars on this long ago and aren’t too happy about it now either. I agree with being in the right place. Now how about the right time?? Hmmmmm
Rumor – Chapter 7 is done….we believe – it has just not been announced
CH 7 is not “done” and I kind of doubt will be with Maliki in control. That would be like the UN approving the next Adolf Hitler – they won’t do it. I also am not of the opinion that CH 7 has to be done for an RV to happen. In fact, I bet the RV happens, conditions improve and Ch 7 comes at some later date. JMHO
P.S. Maliki really stunk it up when Ban Ki-Moon was there for the negotiations with Kuwait and the Arab Summit – it could be a while on CH 7 yet…
Rumor – If you find a crazy rumor or have a question about something you’ve heard – bring it to one of the Mods over at www.dinarupdates.com and we’ll try to help or use it here. Thanks!!
*** More Chat Comments *** http://www.dinarupdates.com/blog/ – May 5th!!