(Thank You My Ladies For allowing Recaps to share this today)
MY LADIES: GOOD MONDAY MORNING:
THE WAY I SEE THINGS AS LONG AS NO LAWS REQUIRING FUNDING ARE PASSED AND NO SALARIES ARE PAID, AND NOTHING IS HAPPENING CAUSING IRAQ TO CROSS BORDERS WE ARE OK.
YES WE ARE STILL WAITING, BUT WE ARE STILL HOPEFUL THE WAIT IS SHORT
NOW IF WE SEE MONEY MOVING, AND INTERNATIONAL OBLIGATIONS BEING FULFILLED, AND THE SMART CARDS BEING ACTIVATED WITH NO RATE CHANGE THEN WE WILL NEED TO BE REALISTIC WITH WHERE WE ARE.
SO HERE IS HOPING FOR IRAQ ADOPTS A CURRENCY VALUE OTHER THAN 1166 AND DOES IT BEFORE MAKING ANY MANY CHANGES IN MONEY AND POLICY.
LM: I suppose my concern has been this: has Iraq just been pushing the envelope as far as they could, hoping that they would be allowed to re-price now, or have they actually been given the go ahead?
OZ is controlled by, whom? Duke and Duke? This gets us into territory that we cannot know.... as ML said, we are not sipping Brandy and smoking cigars with those who have the ultimate power.
But I have to wonder: with all the de-dollarization, no auctions etc... Can they really go months on credit?
My hope is no, and that we will actually see the re-price this week. Despite the boots on the ground issues... Anyone see Nova lately?
MY LADIES: LM- I AGREE TOTALLY, AND THEIR ACTIONS ARE ALMOST SAYING SO..
LOOK THEY COULD HAVE AT ANYTIME PASSED THOSE MUCH NEEDED LAWS, PARLIAMENT IS MEETING REGULARLY
THEY DID A TRIAL WITH THE SMART CARDS IN ABU DABI RIGHT? WELL THEY COULD HAVE TURNED THEM ON IF THEY WANTED TO EVERY WHERE.
THERE IS SO MUCH THAT WOULD BE DIFFERENT AND NOT DRAGGED OUT IF THEY WERE KEEPING THE IMPOSED RATE AS THEIR OWN
BUT THEY ARE IN A TREADING WATER HOLDING PATTERN, AND THIS IS WHAT KEEPS ME THINKING WE ARE STILL OK.
SEE DINAR LAND THINKS THE OPPOSITE, THEY THINK LAWS NEEDS TO COME FIRST, AND SALARIES ARE PAID THEN WE ARE NEXT, BUT NO, NO NO NO NO NO, YOU CAN NOT DO THINGS IN REVERSE LIKE THAT, BASIC BANKING PRINCIPLES.
IF THEY GO INTERNATIONAL AT 1166 THEY ARE NOT GOING TO "RV" OR "RI" AFTER THAT.
THE SYSTEM DOES NOT WORK LIKE THAT. IF THEY GO INTERNATIONAL AND PASS LAWS AND PAY SALARIES AT THE IMPOSED RATE THEN THEY HAVE DEFIED ECONOMICS AND WE ARE IN FOR ANOTHER 10 YEAR WAIT. WELL 5 AT LEAST BECAUSE THAT IS WHAT THEY SAID THEY NEED TO FINISH THEIR MONETARY REFORM.
SO I SAY KEEP TREADING WATER UNTIL YOU’RE IN DANGER OF DROWNING AND THEN MAKE THE ONLY MOVE THAT MAKES SENSE.
RE PRICE, PEG TO SDR, AND MOVE FORWARD WITH ALL YOUR REFORMS.
LM: Thank You Mary… I get nervous thinking June or longer - or 5-10 years, but we are all just waiting and hoping. Duke and Duke can cause mischief for a long time, but hopefully there are things that will push this out now. Mornin’ Nova …..What thinkest thou?
NOVA: Is There A Reason Not To Feel Optimistic?
LM: Someone mentioned boots on the ground as a huge issue earlier this morning, and then mentioned june or longer... Hoping you can refute that thinking
NOVA: If I May, "Hope" Has Nothing To Do With It!!!
MY LADIES: LM: IT MATTERS NOT IF BOOTS ARE ON THE GROUND IN THE AIR OR WHEREVER...WE NEED TO FOCUS ON THE MONEY AND LEAVE THE POLITICS TO THE MONKEYS. I DONT SEE BOOTS BEING ANY FACTOR...
LORD NOVA...YOU SEEM VERY BRIGHT AND SHINY TODAY... ONE COULD ASK WHY???
NOVA: There Is No Need For Me To Say Anything Positive!! And In No Way Am I Talking Down To Anyone!!! Yes I Want This To Be Over Like All!!
Has IRAQ Given Us Any Reason to Doubt!!!
NO... AND YES I AM SAYING NO!!
They Have Done Nothing That Tells Me We Have A Long Wait. If They Do Things That Break The Rules Then I Will Start To Question Myself!!
MY LADIES: I AGREE, NOVA SO FAR WE ARE LOOKING GOOD, THEY HAVEN'T DONE ANYTHING SLIPPERY YET.
NOVA: And I May Say ML, They Will Not Do Anything Slippery!!!!!
RJ: Security is important
MY LADIES: YES RJ IT IS, BUT I SHOULD NOT EFFECT ANYTHING WITH MONEY, THEY WILL BE ENGAGED IN BATTLE FOR YEARS TO COME.
LM: Thank You ML and Nova. I only brought it up because it was mentioned this morning security was a real concern and ML agreed. I wanted your take on it. Thank You Sir. That was helpful
MY LADIES: OK I SEE IT LM, MY APOLOGIES, I WAS AGREEING TO LIVE LIFE TO THE FULLEST...NOT TO WAITING UNTIL JUNE
NO WAY WE HANG IN LIMBO THAT LONG, SOMETHING WILL BE DONE ONE WAY OR THE OTHER LONG BEFORE JUNE.
HG: I do think hope is needed though because I agree there are thousands of things that Iraq can do or even not do that unless the trigger is pulled from outside it ain't gonna happen. It's not up to Iraq
MY LADIES: HG AND THAT IS A GOOD THING...IRAQ TREADING WATER IS ACTUALLY BETTER THAN IRAQ BEING IN CHARGE..
MY LADIES: STAY GROUNDED, HEAD HIGH, CAUTIOUSLY EXPECTING CHANGE, AND ABOVE ALL BREATHE, WE ARE STILL IN THE GAME AS OF TODAY
For comment section, please scroll down. Thank you.
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