Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Late Tuesday Night 12-18-17
sandyf: Back in the beginning it was all about Iraq but following the financial crisis it all went pear shaped. This is an extract form something that was kicking about in 2010. If sanctions were not seen as a problem then, why would they be now, after all they are effectively over.
Summarization: Iraq has been given a choice, 1. The IMF is saying to Iraq, we are granting you the ability to reinstate your currency at the pre-Saddaam rate of $3.22 with a 20% increase for cost adjustment for the years it was out of circulation.
Or because of the potential we see with your economy, we will also allow you to revalue your currency to a rate within reason. If you do this by December 31st 2010, we will agree to allow the Paris Club to forgive your debt and we will lift you from Chapter 7 sanctions.
Thus allowing you to rejoin the international community with your currency and trade. Sanctions that will be lifted: a. Allows you to have an international recognized currency
i. Which allows you to trade on the Forex
ii. Allows Iraqi stock to be traded on the international market
iii. Allows all of the signed contracts for the oil fields, utilities reconstruction, road construction, building construction to begin
b. Allows you to receive global shipments from all of the ships that have been sitting in your ports.
c. Allows you to finally pay your government employees d. Allow you to load the smart cards that will pay the Iraqi citizens living expenses for the short term, also pay the retired citizens. All of which have not been reviving anything for some time.
At this point, Iraq has agreed to everything and we are now in the last phases of this plan. We are waiting for Iraq to finally pull the trigger and release the RI/RV between now and Dec. 31st.
sandyf: End of the year has always been seen as the key date.
chattels: @sandyf Is the foregoing you asessment and / or opinion of the state of banking / currency reform in Iraq ?
chattels: @sandyf your *
meatball: now and Dec31st????
sandyf: @Brow Just for you - from a recent post "THE SUBJECT, AND THE THREADS THROUGH THE BLOGS BOGGLE THE MIND WITH TWISTS AND TURNS RANGING FROM TRUMP ABOUT TO BEAT UP ON THE BANKERS TO ELDERS HAVING A SIESTA TO NOT ENOUGH FAMOUS FLYING PURPLE PIGS TO DO THE JOB.
AND THE RV IS STALLED. THEN IT IS ON. THEN IT HAS TO WAIT UNTIL 12:01 TO BE IN EFFECT. THE RUMOR MILL IS RUNNING HOT."
sandyf: @chattels Not from me, I said in the text it is a quote from 2010.
meatball: @sandyf my mistake..... apologies
TWW: At our weekly think tank today, former Iowa Economics speaker mentioned that POTUS will give a major speech after the Tax Bill is final vote based on the bill passing.
POTUS is to announce the mentioning of USA going bk to the GOLD Standard backing our New Currency. He said it was his body , facial & eyes body language that gives him this notion. My friend spent several yrs in the gov. (he has been more right in the past 7 yrs Iv been a part of this group of 6.)
Tebow: a dollar will still be a dollar to us
TWW: @Tebow Of course
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