BREITLING CHAT - 1/11/10 @ 10:32am EST

Breitling Chat, plus Q&A 1/11/2010 @10:32 EST
--------------------------------------------------------------------------------

Breitling says to (10:32:31):
Going to have a small chat in a sec ok
Give me a min
Alot of the chat info comes from many sources ok
Astro, 8ball tdurden
Med
Mailman
Quick question any one in here whast called nash equilibria
Hear of it ?
Ok after this talk google it
It is important that you wrap your head around what the guys in dubia are doing
Legally the 12th gives the government the ability to change the rate
Ok from the 12th on the real count down starts
We are coming into a bunch of mini windows
Budget reasons
They have to get either a budget going or a rate will be forces in time
They have no more cash
The 2% they can take out of dfi they are some 25% over
Already
So we have the cbi or shabs that can do the rv
The goi that can activate it
On that part please wait i am still doing research on that
I dont knwo how it works yet
And then the imf can force it by law , based on the stips in the loans
Ok
So if they pass the budget we get a rate
If they dont pass the bidget we get a rate
It is just how it will be played out that will dif
From the 12th on is the count down
Ok done
Rwallace says to (10:44:42):
So breit, even if a budget passes, if it is based on the current rate of the iqd, what have they accomplished? Are u saying that the budget that ultimately passes will have the new rate?
Breitling says to (10:45:03):
Yes
Untill imf loan , soory
Sorry
Good question
Bankerbabe says to (10:45:48):
March 17th? Date of first payment?
Breitling says to (10:46:07):
march 17th
So the word is they have to have a international currecny 30 days before the oan
Loan
Hometrader says to (10:46:58):
So latest would be feb 17th
Breitling says to (10:47:04):
Yes
Could they change that ?
Yes they could
Bit we are looking at what we have only
Kitchendesigner says to (10:47:34):
So mini windows.....or one big one from jan 12 through feb 17?
Breitling says to (10:47:48):
Jan 12th to the 15th is one
Rwallace says to (10:47:54):
How flexible has imf been in the past on changing stipulations?
Breitling says to (10:48:13):
Rw is depends on how much money iraq owe's them
Cpk says to (10:48:15):
Is mar 17 the date they can activate the loan to them from the imf, or do they need to have payment on an exsisting loan. I thought it was discussed that it was a loan that they need for the budget is that correct?
Breitling says to (10:48:18):
And they owe a ton
Breitling says to (10:48:54):
Cpk they need to have funds for a new loan
Breitling says to (10:49:07):
And a rate that will help pay other off
Hometrader says to (10:49:15):
Can they really change agreement with imf? Up to this point goi has done everything imf required. Why would goi or shabs reneg on requirements now
Bankerbabe says to (10:49:27):
Which parties in your opinion are at nash equ? Where neither party benefits from a change in position?
Breitling says to (10:49:55):
They cant change agreements but they can extend
Breitling says to (10:50:10):
No that has to do with the rates
Breitling says to (10:50:24):
And how the guys in dubia get the numbers
Breitling says to (10:50:32):
1.44- 2.50
Not that rate is based on the info they have
They may be missng some
That is a big range
But thats what they have got
Hometrader says to (10:51:28):
They could change but shabs in a genious and worked for the imf and imo would want to hit the date originally set up to keep a good relationship with them they are corupt but not that dumb imo.
Dinarbell says to (10:51:54):
Forgive me if this has been asked...but breitling how does the article about the imf loaning 7 trillion dinar figure into all of this?
Breitling says to (10:51:54):
If they dont hit dates it nakes iraq look bad for investors
Breitling says to (10:52:13):
They have to pay it back
Need a rv to do it
Kingwm says (10:52:44):
Why is the first mini window 12th - 15th?
Breitling says to (10:52:58):
Deadline for the budget is the 15th
All in all every ting is very very good
Ok
Stlou says to (10:53:59):
Breitling, that's this friday the 15th..correct?
Breitling says to (10:54:08):
Yes stlou
Also if iraq does not perform budget stips
They get asset protection taken away from the unsc
Among other things
So they are working hard to get this done
Peek says to (10:55:55):
Gm b, my question is, if you had to put an absolute deadline on implementing the rv, what would that date be, tyvm b,
Breitling says to (10:55:58):
Those windows are not predictions ok
Breitling says to (10:56:08):
They are a baseline to measure
Breitling says to (10:56:27):
Peek feb 17th
Breitling says to (10:56:54):
Again my best guess
Breitling says to (10:57:00):
Based on info i have only ok
Breitling says to (10:57:23):
Many people helped compile the info
Chloe says to (10:57:59):
Iraq is running out of excuses and side roads to take. The end is near. They are in a corner.
Rwallace says to (10:58:00):
So, breit iraq borrowing dinar at the current value is disadvantageous on the repayment if/when the iqd revalues?
Artstratt113 says to (10:58:28):
The 12th - the 15th is just the first window, is that correct breit?
Breitling says to (10:58:33):
Rw it doesnot matter
Thay dont have thje cash to pay under any currency or rate
Breitling says to (10:59:02):
Art correct
Chloe says to (10:59:11):
Hence they are in a corner breitling?
Tmac096 says to (10:59:13):
So they really are at the end of it this time?
Breitling says to (10:59:22):
Chloe yes i think so
Yes
So you all should be happy with that
Niaihr says to (11:00:15):
Is less than 3 weeks till the election....enough time to reap the rv benefits for the dawa party and m?
Breitling says to (11:00:36):
Niar that does not matter anymore
The rv is not in maliki;s hands anymore
Mroberts653 says to (11:00:57):
Breit, i would think as a country they will need some time to transition from the old rate to the new one. How does postponing the rv benefit them? Won't there be economic chaos anyway?
Breitling says to (11:01:44):
They dint ned transition
All the countries that rv'ed in the past just woke up one day with the new rate
Chloe says to (11:02:19):
And the central bank did it!
Breitling says to (11:02:35):
Cenral bank , and the imf
Breitling says to (11:02:43):
Ok i am done
Talk to ya guys in a bit
Breitling says to (11:02:58):
Later all