Let me now tell you what they intend to do in the next couple weeks.
There is one exception. Since the time delay the rates have progressed and I believe the in-country RV has already taken place and has paid out these guaranteed rates already to the citizens (.90 - $1.17) for the specified programs (pensions, retirement, food program, etc.).
These rates we would have been looking for (had they RV’d 4 years ago no longer hold true on the reinstatement. We are not concerned about are the international market rate and “special” contract rates. Since the overall rate in Iraq for this in-country RV was approx $3.71 this would be the starting point for the reinstatement rate.
The Final Steps to the Rollout Process
This is how I see the next couple weeks playing out according to what I know about the rollout process.
Their intentions are to get this new government fully seated and functional by this weekend 6/28-6/29 if not by the end of Friday’s session 6/27.
They then intend to rollout the Reinstated value international this weekend and have it trading by July 1st. We may never see this reinstated rate since it will solely be used as:
1) in the background for some trading to kick start the currency. They need to drive the rate up to a value equal to or greater than what they intend for a full revaluation value rollout.
2) To pay out some groups and private individual holders of dinar (very large holders $billions$)
They will let this run and take its course for 4-5 days, shorter timeframe if the value rises more quickly. But I hearing they will want to see it can hold a high value for a period of 4-5 days or longer. So do not expect to see any revaluation until this stage is completed. No one knows the exact date or rate but we can certainly try to predict ….can’t we? ….lol…..
How high will the rate rise?
The CBI has said (and I do not quote) already many times in the last couple weeks that they were not concerned about the recent political developments hindering the process of completing the final stages of the currency reform project (unless it hinders the completion of the new government).
Turki also said that the currency could hold a very strong value due to the current assets in the CBI reserves and with no ceiling.
What does this “no ceiling” part mean?
It means is will probably not be on a controlled float (with a maximum ceiling value) and will be allowed to float and support any value the market brings. No ceiling means no predetermined ceiling limit. This does not mean if it gets out of control they can not still shut it down.
ISIS Combatant Issues Update
The saga continues with the ISIS militant’s attack on the country of Iraq. If you don’t already now how this all started and why it was orchestrated I recommend you go back and re-read the last couple mnt goat news letters from 6/17, 6/20, and 6/23.
In short I will say that this was all a plot by Maliki to get the old parliament to declare a “national emergency” thus to give him unprecedented powers over the entire country of Iraq thus the final legal dictatorship he long desired. The plan backfired on him when parliament refused to even hold a session to discuss granting him his national emergency.
Also the militants have now gotten out of hand and can no longer be easily controlled by Maliki’s army since his army now refuses to fire upon their own citizens. Remember I said there was a base group of ISIS trained militants that come across the border from Syria and collected Iraqi citizen recruits from many of the already angry and disgruntled provinces.
They joined up with the ISIS forces with hope to overtake the Maliki government since the elections seemed to be stalled (delay in announcing the official ratified results) and thought once again Maliki might get a 3rd term as prime minister.
Afterall this all they kept reading and hearing in the news. (who owns the majority of news media in Iraq?)
Can these Militants be stopped?
Of course but the Iraq army has proven they can no longer be responsible for doing the job under Maliki. The soldiers have nothing of any value to fight for and so morale is very low and they will not fight. They too have seen how Maliki is destroying their country and their new democracy. They are not dumb. They are just regular citizens too with families and homes. They joined the army in patriotism their newly formed freedoms.
So who will eventually clean up this mess?
This answer is found in the results of the recent meeting between John Kerry (USA Sec of State) and the provisional government of the outgoing prime minister Nori Al- Maliki. Basically Maliki was told that USA support would be beefed up only on the condition that he would transition to the newly elected government and support a quick and speedy seating of the new government and do it by 7/1. Then the USA would beef up support to deal with the terrorists.
Once the government is fully seated I believe we will quickly see a crack down and it will be swift.
My guess is eventually the plan is to have these USA advisors work with the existing Iraqi army to restructure the attitudes of the fighting forces. This makes sense to me since once the new government is seated and functional the soldiers will then realize Maliki is out. Also they will see the revalued currency. They will work with the USA advisors. Morale will be high. There will be a reason for fighting once again.
There is also rumor this entire militant takeover was a setup by the USA since there are records that the leaders of this terrorist ISIS group were trained in the school of terrorists of the Americas (a terrorist training school in the USA). This school used to be located in southern Vermont USA and is now relocated to an undisclosed location. This is factual.
Either way - personally I do not care since if it was a plot by the USA I cheer them on for backstabbing of Maliki since we all know how many times he has lied to and manipulated the USA. Tough to get a taste of your own medicine!
So today we stand on a new timeline once again. This could be all over within the next week. I will not give out a date but I believe we are very close looking at all the current news.
I am saying once again this should be a pivotal week. I have said this before but we are in this critical stage and all time is critical now.
I still whole heartedly expect Maliki to attempt to find a way to sabotage the process. Until it is over its not over.
Will they still hold the session or will Maliki find a way to sidetrack it again? Something to be watchful for. He already go them to postpone the 6/24 session to 6/27.
I still firmly believe that we will not see any revaluation of the IQD unless Iraq has a stable and functional government and thus has a political environment that it can advance in and thrive in.
This is the definition of “stable” and “functional” that we are looking for.
This will bring us the final completion of the project to restructure the currency. This is what the CBI also wants and this is what will get us to the banks to exchange our dinar.
This is why I now follow this political election process now so closely and ignore all this other nonsense and junk intel being distributed these days. I recommend you all do the same to stay sane as we near the finish line.
As we all know I do not do conference calls and rely solely on my news letters to bring you the revaluation news. If you want to listen to an excellent conference call I would recommend the Tuesday and Thursday calls with W6, Vic and Joey 1-760-569-7600 (playback 7699) pin 378652.
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