Monday, January 11, 2010
FRANK26 POST - KTF Missions
The same lawyer that told us last week that the Exchange Rate Mechanism would go into effect on the 12th is now saying that next week will be crucial in finalizing the budget. IMO………he is telling us that the missing ingredients of the 2010 budget……which have been missing for some time now apparently have come together. IMO………where we feel that the budget has been delayed…….it is highly possible that the budget was missing some teeth so maybe………..just maybe………..the ERM will not be applied tomorrow but in a few more days. Underneath that article……..pay close attention to how the GOI has received 7 trillion dinars from the IMF to cover its deficit. All they wanted for Christmas was their two front teeth. IMO…………this loan has filled in the gaps necessary for the 2010 budget to be released as soon as possible and especially before the 31st of this month. No…….NO !!! that is not a date for the RI so please don’t bring that up with me! Take note that all these articles which say that the IQD’s exchange rate value is improving and going up and competing against the dollar are everywhere! Why do they keep talking so positive about their currency value when it stinks in value? IMO the passage of the budget has been calculated with the new rate and their emphasis is now focused on getting the budget passed. A week from today on the 18th will be exactly one year that the IQD has held its STABLE position as a currency. It was a requirement for them to graduate to a currency recognizable and accepted by the banking community. This loan will also back up the RI financially.
BREITLING CHAT - Dinar Vets 1/11/10 @ 10:30am 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... Astro, 8ball, tdurden, SFMedic, Mailman...
Quick question any one in here what 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 dubai 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 windowsBudget reasons. They have to get either a budget going or a rate will be forced 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 downOk 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 until imf loan. 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 currency 30 days before the 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, but 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 it 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 dubai 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 is 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 makes 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 thing is very very good
OkStlou 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 unscAmong 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 the 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
Quick question any one in here what 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 dubai 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 windowsBudget reasons. They have to get either a budget going or a rate will be forced 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 downOk 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 until imf loan. 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 currency 30 days before the 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, but 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 it 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 dubai 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 is 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 makes 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 thing is very very good
OkStlou 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 unscAmong 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 the 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
PUG CHAT - 1/11/10 in Evening
Pug says to (22:04:37):OK WE ARE GOING TO HAVE TO GO BACK A COUPLE WEEKS
Pug says to (22:05:00):MAYBE ONLY 10 DAYS OR SO
Pug says to (22:05:14):THIS WAY YOU CAN ALL UNDERSTAND
Pug says to (22:05:29):NOW I AM USING THE KISS PRINCIPLE
Pug says to (22:05:40):I CAN'T GO ANY LOWER
Pug says to (22:05:53):NOW ACTUALLY JUST FOLLOW ALONG
Pug says to (22:06:11):NOW BACK IN SEPT A GOVT AGENCY DID A SUSTAINABILITY STUDY FOR THE UN/IMF AND IRAQ
Pug says to (22:06:25):UNDER MULTIPLE SCENARIO'S HOW IRAQ COULD HANDLE SPECIFIC EXCHANGE RATES
Pug says to (22:06:37):THE VALUATION OF THE IQD WAS TO COME OUT
Pug says to (22:06:53):THEN CHINA GOT INVOLVED
Pug says to (22:07:14):MADE A POINT ABOUT THE RV THAT APPARENTLY WAS CORRECT AND IT WAS PUT OFF
Pug says to (22:07:25):THEN IRAQ DECIDES TO RV AGAIN.
Pug says to (22:07:39):BUT AGAIN CHINA IS INVOLVED (OCTOBER) AFTER THEY WERE BANNED FROM THE OIL AUCTIONS
Pug says to (22:07:51):AND IF IT DID REVALUE CHINA WOULD DUMP ALL THE IQD THEY HAD ONTO IRAQS LAP AND WANTED TO BE PAYED FOR IT
Pug says to (22:07:59):THEN AS WE SAW CHINA GOT A MAJOR OIL CONTRACT AND THEN THEY FORGAVE 80% OF IT'S DEBT APPROXIMATELY 8 TRILLION IQD OF IRAQS
Pug says to (22:08:11):DURING THIS TIME MULTIPLE CRISIS HAPPENED
Pug says to (22:08:25):BOMBING AFTER BOMBING .
Pug says to (22:08:36):HUNDREDS KILLED AND THOUSANDS WOUNDED
Pug says to (22:08:47):ALL OF WHICH WERE SEEMINGLY TIMED AT A MOMENT WHEN IT SEEMED A POSSIBLE RV WAS IMMINENT.
Pug says to (22:09:01):THEN A POLITICAL DISASTER
Pug says to (22:09:13):THE ELECTION LAW
Pug says to (22:09:24):WHAT SEEMED TO BE A SLAM DUNK
Pug says to (22:09:30):ALL OF A SUDDEN IS NOT SO SIMPLE BY THE BLIND SIDED VETO FROM HASHEMI
Pug says to (22:09:38):THEN WHEN IT SEEMED THAT IT WAS GOING TO BE VETOED AGAIN WITH 10 MINUTES TO GO
Pug says to (22:09:46):HASHEMI MIRACULOUSLY LETS HIS SUNNI PARTY TAKE A LOSS IN SEATS AND SIGNS OFF ON IT.
Pug says to (22:09:52):ANOTHER ISSUE THAT CAN BE CONSIDERED RV HAMPERING
Pug says to (22:10:02):THEN ANOTHER POLITICAL DELAY COMES
Pug says to (22:10:10):MALIKI HAS THE RV AND DECIDES TO USE IT TO JUMP START HIS CAMPAIGN
Pug says to (22:10:30):SO THEN WE WAIT AND WAIT AND WAIT.BUT NOTHING
Pug says to (22:10:40):WE THEN FIND OUT THAT THE RESPONSIBLITY OF THE VALUATION IS NOT AS EASY A ONE AS MALIKI THOUGHT
Pug says to (22:10:50):HE NO LONGER IS RUNNING AND NO LONGER WANTS TO BE RESPONSIBLE FOR IT OR THE POSSIBLE REPRECUSSIONS
Pug says to (22:11:08):SO IT GOES BACK TO CBI ANOTHER DELAY
Pug says to (22:11:33):NOW WE ARE AT THE BUDGET ALSO MORE BOMBINGS HERE IS A SIGN THAT WE MISSED
Pug says to (22:11:43):THE PROVINCES STARTED COMPLAINING ABOUT THE RATE OF EXCHANGE BEING APPLIED TO THE MONEY ALLOTED THEM.
Pug says to (22:11:53):THEY ARE SAYING THAT THE 2009 RATE SHOULD NOT APPLY
Pug says to (22:12:04):TO THE 2010 BUDGET
Pug says to (22:12:12):IT SHOULD BE THE 2010 BUDGET EXCHANGE RATE THAT IS SUPPOSE TO COME OUT JAN 31, 2010
Pug says to (22:12:20):AND THAT RATE SHOULD INCREASE THE BUDGET BY 20% FOR EACH PROVINCE
Pug says to (22:12:28):WHOOA I AM THINKING
Pug says to (22:12:36):] OLD EXCHANGE RATE/NEW EXCHANGE RATE FOR 2010
Pug says to (22:12:48):NOW THEN THE BUDGET COMES UP
Pug says to (22:12:58):BUT THEY DON'T WANT TO APPROVE IT UNTIL AFTER ELECTIONS OR JUST BEFORE
Pug says to (22:13:13):SO THAT GOVT MONEY CANNOT BE USED TO HELP CAMPAIGNS
Pug says to (22:13:36):IF NO BUDGET BY THE 12TH THIS NEW WORD COMES UP
Pug says to (22:13:56):THE ERM OR EXCHANGE RATE MECHANISM
Pug says to (22:14:05):NOW AN EXCHANGE RATE MECHANISM CANNOT COME AFTER THE BUDGET
Pug says to (22:14:16):OR WHAT I AM SAYING IS THIS
Pug says to (22:14:24):THE BUDGET CANNOT BE APPROVED FIRST
Pug says to (22:14:32):] IF THE 2010 BUDGET IS PASSED WITHOUT USING THE ERM AND THE NEW RATE
Pug says to (22:14:52):] IT WILL BE A FIASCO FOR THE BUDGET
Pug says to (22:15:01):IT WILL CREAT A MASS OF RECALCULATIONS
Pug says to (22:15:14):SO I AM TOLD THAT THE ERM/RATE OF EXCHANGE SHOULD HAVE TO BE IN PLACE FIRST OR AT THE SAME TIME THE BUDGET IS APPROVED.
Pug says to (22:15:22):ALSO THAT IF YOU LOOK AT ALL THE PROJECTS THAT ARE LISTED BY THE GAZETTE
Pug says to (22:15:30):IT IS SO AGGRESSIVE
Pug says to (22:15:38):AND JUST HOW ARE THESE GOING TO BE PAID FOR?
Pug says to (22:15:46):] NOT WITH A CURRENCY THAT IS WORTHLESS
Pug says to (22:15:53):AT A RATE OF 1170
Pug says to (22:16:02):NOW WE THEN SEE AN ARTICLE POSTED BY BRONX FROM THE CBI ADVISOR SALEH
Pug says to (22:16:24):PRETTY MUCH IN VERY FEW WORDS,THAT THE RV HAS BEEN HAMPERED BY ALL I LISTED ABOVE BUT NOT STOPPED
Pug says to (22:16:36):NOW WE NEED TO FOLLOW THE PROGRESS OF THE BUDGET
Pug says to (22:16:45):ALSO I THINK WE ARE ON THE VERGE OF AN RV SOON
Pug says to (22:16:56):I HAVE BEEN INFORMED AND HAVE STUCK TO THIS INFORMATION
Pug says to (22:17:08):] FROM THE IMF AND ONE AGENCY I HAVE GIVEN MY WORD NOT TO EXPOSE
Pug says to (22:17:16):THAT THE VALUATION OF THE IQD WAS THE MONTH OF JANUARY
Pug says to (22:17:24):NOW THIS FALLS INTO THE JAN 31 DATE BROUGHT UP THE PROVINCES
Pug says to (22:17:34):AND THE RATE THEY WANTED TO USE
Pug says to (22:17:43):NOW IT IS THE 12TH NOW IN IRAQ
Pug says to (22:17:51):THAT WAS THE DEADLINE DATE GIVEN
Pug says to (22:17:59):I AM NOT SAYING AN RV TONIGHT
Pug says to (22:18:11):BUT I THINK WE NEED TO PAY CAREFUL ATTENTION TO THE NEXT FEW DAYS
Pug says to (22:18:26):I THINK WE ARE WATCHING THE RV UNFOLD BEFORE US
Pug says to (22:18:35):AND IT IS TAGGED TO THE BUDGET
Pug says to (22:18:43):IN THE FORM OF AN ERM
Pug says to (22:18:58):DOES THIS MAKE SENSE TO YOU ALL?
******* (22:19:02):The moderator disabled the moderated mode, you may freely chat now.
Pug says to (22:19:09):done
Pug says to (22:05:00):MAYBE ONLY 10 DAYS OR SO
Pug says to (22:05:14):THIS WAY YOU CAN ALL UNDERSTAND
Pug says to (22:05:29):NOW I AM USING THE KISS PRINCIPLE
Pug says to (22:05:40):I CAN'T GO ANY LOWER
Pug says to (22:05:53):NOW ACTUALLY JUST FOLLOW ALONG
Pug says to (22:06:11):NOW BACK IN SEPT A GOVT AGENCY DID A SUSTAINABILITY STUDY FOR THE UN/IMF AND IRAQ
Pug says to (22:06:25):UNDER MULTIPLE SCENARIO'S HOW IRAQ COULD HANDLE SPECIFIC EXCHANGE RATES
Pug says to (22:06:37):THE VALUATION OF THE IQD WAS TO COME OUT
Pug says to (22:06:53):THEN CHINA GOT INVOLVED
Pug says to (22:07:14):MADE A POINT ABOUT THE RV THAT APPARENTLY WAS CORRECT AND IT WAS PUT OFF
Pug says to (22:07:25):THEN IRAQ DECIDES TO RV AGAIN.
Pug says to (22:07:39):BUT AGAIN CHINA IS INVOLVED (OCTOBER) AFTER THEY WERE BANNED FROM THE OIL AUCTIONS
Pug says to (22:07:51):AND IF IT DID REVALUE CHINA WOULD DUMP ALL THE IQD THEY HAD ONTO IRAQS LAP AND WANTED TO BE PAYED FOR IT
Pug says to (22:07:59):THEN AS WE SAW CHINA GOT A MAJOR OIL CONTRACT AND THEN THEY FORGAVE 80% OF IT'S DEBT APPROXIMATELY 8 TRILLION IQD OF IRAQS
Pug says to (22:08:11):DURING THIS TIME MULTIPLE CRISIS HAPPENED
Pug says to (22:08:25):BOMBING AFTER BOMBING .
Pug says to (22:08:36):HUNDREDS KILLED AND THOUSANDS WOUNDED
Pug says to (22:08:47):ALL OF WHICH WERE SEEMINGLY TIMED AT A MOMENT WHEN IT SEEMED A POSSIBLE RV WAS IMMINENT.
Pug says to (22:09:01):THEN A POLITICAL DISASTER
Pug says to (22:09:13):THE ELECTION LAW
Pug says to (22:09:24):WHAT SEEMED TO BE A SLAM DUNK
Pug says to (22:09:30):ALL OF A SUDDEN IS NOT SO SIMPLE BY THE BLIND SIDED VETO FROM HASHEMI
Pug says to (22:09:38):THEN WHEN IT SEEMED THAT IT WAS GOING TO BE VETOED AGAIN WITH 10 MINUTES TO GO
Pug says to (22:09:46):HASHEMI MIRACULOUSLY LETS HIS SUNNI PARTY TAKE A LOSS IN SEATS AND SIGNS OFF ON IT.
Pug says to (22:09:52):ANOTHER ISSUE THAT CAN BE CONSIDERED RV HAMPERING
Pug says to (22:10:02):THEN ANOTHER POLITICAL DELAY COMES
Pug says to (22:10:10):MALIKI HAS THE RV AND DECIDES TO USE IT TO JUMP START HIS CAMPAIGN
Pug says to (22:10:30):SO THEN WE WAIT AND WAIT AND WAIT.BUT NOTHING
Pug says to (22:10:40):WE THEN FIND OUT THAT THE RESPONSIBLITY OF THE VALUATION IS NOT AS EASY A ONE AS MALIKI THOUGHT
Pug says to (22:10:50):HE NO LONGER IS RUNNING AND NO LONGER WANTS TO BE RESPONSIBLE FOR IT OR THE POSSIBLE REPRECUSSIONS
Pug says to (22:11:08):SO IT GOES BACK TO CBI ANOTHER DELAY
Pug says to (22:11:33):NOW WE ARE AT THE BUDGET ALSO MORE BOMBINGS HERE IS A SIGN THAT WE MISSED
Pug says to (22:11:43):THE PROVINCES STARTED COMPLAINING ABOUT THE RATE OF EXCHANGE BEING APPLIED TO THE MONEY ALLOTED THEM.
Pug says to (22:11:53):THEY ARE SAYING THAT THE 2009 RATE SHOULD NOT APPLY
Pug says to (22:12:04):TO THE 2010 BUDGET
Pug says to (22:12:12):IT SHOULD BE THE 2010 BUDGET EXCHANGE RATE THAT IS SUPPOSE TO COME OUT JAN 31, 2010
Pug says to (22:12:20):AND THAT RATE SHOULD INCREASE THE BUDGET BY 20% FOR EACH PROVINCE
Pug says to (22:12:28):WHOOA I AM THINKING
Pug says to (22:12:36):] OLD EXCHANGE RATE/NEW EXCHANGE RATE FOR 2010
Pug says to (22:12:48):NOW THEN THE BUDGET COMES UP
Pug says to (22:12:58):BUT THEY DON'T WANT TO APPROVE IT UNTIL AFTER ELECTIONS OR JUST BEFORE
Pug says to (22:13:13):SO THAT GOVT MONEY CANNOT BE USED TO HELP CAMPAIGNS
Pug says to (22:13:36):IF NO BUDGET BY THE 12TH THIS NEW WORD COMES UP
Pug says to (22:13:56):THE ERM OR EXCHANGE RATE MECHANISM
Pug says to (22:14:05):NOW AN EXCHANGE RATE MECHANISM CANNOT COME AFTER THE BUDGET
Pug says to (22:14:16):OR WHAT I AM SAYING IS THIS
Pug says to (22:14:24):THE BUDGET CANNOT BE APPROVED FIRST
Pug says to (22:14:32):] IF THE 2010 BUDGET IS PASSED WITHOUT USING THE ERM AND THE NEW RATE
Pug says to (22:14:52):] IT WILL BE A FIASCO FOR THE BUDGET
Pug says to (22:15:01):IT WILL CREAT A MASS OF RECALCULATIONS
Pug says to (22:15:14):SO I AM TOLD THAT THE ERM/RATE OF EXCHANGE SHOULD HAVE TO BE IN PLACE FIRST OR AT THE SAME TIME THE BUDGET IS APPROVED.
Pug says to (22:15:22):ALSO THAT IF YOU LOOK AT ALL THE PROJECTS THAT ARE LISTED BY THE GAZETTE
Pug says to (22:15:30):IT IS SO AGGRESSIVE
Pug says to (22:15:38):AND JUST HOW ARE THESE GOING TO BE PAID FOR?
Pug says to (22:15:46):] NOT WITH A CURRENCY THAT IS WORTHLESS
Pug says to (22:15:53):AT A RATE OF 1170
Pug says to (22:16:02):NOW WE THEN SEE AN ARTICLE POSTED BY BRONX FROM THE CBI ADVISOR SALEH
Pug says to (22:16:24):PRETTY MUCH IN VERY FEW WORDS,THAT THE RV HAS BEEN HAMPERED BY ALL I LISTED ABOVE BUT NOT STOPPED
Pug says to (22:16:36):NOW WE NEED TO FOLLOW THE PROGRESS OF THE BUDGET
Pug says to (22:16:45):ALSO I THINK WE ARE ON THE VERGE OF AN RV SOON
Pug says to (22:16:56):I HAVE BEEN INFORMED AND HAVE STUCK TO THIS INFORMATION
Pug says to (22:17:08):] FROM THE IMF AND ONE AGENCY I HAVE GIVEN MY WORD NOT TO EXPOSE
Pug says to (22:17:16):THAT THE VALUATION OF THE IQD WAS THE MONTH OF JANUARY
Pug says to (22:17:24):NOW THIS FALLS INTO THE JAN 31 DATE BROUGHT UP THE PROVINCES
Pug says to (22:17:34):AND THE RATE THEY WANTED TO USE
Pug says to (22:17:43):NOW IT IS THE 12TH NOW IN IRAQ
Pug says to (22:17:51):THAT WAS THE DEADLINE DATE GIVEN
Pug says to (22:17:59):I AM NOT SAYING AN RV TONIGHT
Pug says to (22:18:11):BUT I THINK WE NEED TO PAY CAREFUL ATTENTION TO THE NEXT FEW DAYS
Pug says to (22:18:26):I THINK WE ARE WATCHING THE RV UNFOLD BEFORE US
Pug says to (22:18:35):AND IT IS TAGGED TO THE BUDGET
Pug says to (22:18:43):IN THE FORM OF AN ERM
Pug says to (22:18:58):DOES THIS MAKE SENSE TO YOU ALL?
******* (22:19:02):The moderator disabled the moderated mode, you may freely chat now.
Pug says to (22:19:09):done
SONNY1 CHAT - 1/11/10 @ 6:30pm
[sonny1] ok, this is how it probably go down
[sonny1] iraq cant pass there budget til there is a workable exchange rate
[sonny1] what the exchange rate mechanisim is, is when they have a exchange rate it wont go over or under a certain percent from there exchange rate
[sonny1] example- if its 1.00 and they dont want it to flucuate more than 4% so there budget for 2010 doesnt get messed up
[sonny1] if its on forex and people can buy and sell at will it messes with the exchange rate so if there budget is set a 1.00 and it drops to .60 it messes with the budget
[sonny1] and they cant get done what they want cause of the drastic changes
[sonny1] i totaly feel that when the erm is set and running, which should be before the budget is passed, is when we will see the rv.
[sonny1] plus in a few articles out there, the finance ministry said they want to wait for the new exchange rate before setting the budget, its in the news people, there telling us, with-out telling us
[sonny1] iraq cant pass there budget til there is a workable exchange rate
[sonny1] what the exchange rate mechanisim is, is when they have a exchange rate it wont go over or under a certain percent from there exchange rate
[sonny1] example- if its 1.00 and they dont want it to flucuate more than 4% so there budget for 2010 doesnt get messed up
[sonny1] if its on forex and people can buy and sell at will it messes with the exchange rate so if there budget is set a 1.00 and it drops to .60 it messes with the budget
[sonny1] and they cant get done what they want cause of the drastic changes
[sonny1] i totaly feel that when the erm is set and running, which should be before the budget is passed, is when we will see the rv.
[sonny1] plus in a few articles out there, the finance ministry said they want to wait for the new exchange rate before setting the budget, its in the news people, there telling us, with-out telling us
BGPATTON & BREITLING CHAT - 1/11/10 @ 8pm EST
bgpatton2: i believe that most of the intel we get can be pieced together like a puzzle
bgpatton2: i do like to read different peoples info so i can see who is full of bs and who actually has real intel'
bgpatton2: please believe the different govts use the media to throw things off sometimes
bgpatton2: is when they were saying M was out of Iraq at one point
bgpatton2: we had other intel saying he was still in Iraq
bgpatton2: i have not been able to read over the news from today, but again i don't always trust it
bgpatton2: ok, i know we all like the windows
bgpatton2: and know that each window of opportunity is high probability
bgpatton2: i will tell you this, i like our current situation we are sitting in as investors
bgpatton2: we have the upper hand because iraq's is about the be forced
bgpatton2: to
bgpatton2: you have to remember who is involved with the rv
bgpatton2: there are certain people of importance that are still in the area close to iraq
bgpatton2: and they have *** pressure from multiple countries
bgpatton2: extreme
bgpatton2: wanna make sure yall know i wasn't cursing
bgpatton2: the people that are there are awaiting the rv
bgpatton2: and they are not gonna stay there forever
bgpatton2: without going into detail
bgpatton2: i like our current window
bgpatton2: they have already been there for a week
bgpatton2: and are running out of things to do to justify why they are there
bgpatton2: i know if you put 2 and 2 together you can add up with breitling's info
bgpatton2: i have a few things more, but i need to think about how to put it
bgpatton2: without being too direct
bgpatton2: breitling you still here?
Breitling: YEAH
bgpatton2: would you mind going over your info again? it will coincide with what i talk about next
bgpatton2: meaning deadlines, etc
Breitling: 12 TO THE 15TH
Breitling: THE the 12th gives the government the ability to change the rate
Breitling: MARCH 17TH IMF LOANS
Breitling: 30 DAY STIPS FOR THE CURRENCY TO BE INTERNATIONAL
Breitling: SO COUNT BACK
Breitling: ALSO END OF JAN THERE IS ALSO A WINDOW BECAUSE OF BUDGET REASONS
Breitling: LET ME GET SOME MORE INFO ON THAT PART OK
Breitling: I AM STILL WORKING ON THAT
Breitling: GOT IT FROM DUBAI
Breitling: BUT STILL NEED TO UNDERSTAND WHY
Breitling: THERE ARE MANY MINI WINDOWS ALSO
Breitling: BUT I DONT KNOW ENOUGH ABOUT THEM TO BE ABLE TO TELL YOU ABOUT THEM
Breitling: SO THATS IT
Breitling: DID I FORGET ANYTHING ?
Breitling: YOU SHOULD ALL KNOW BY NOW
Breitling: ANYONE?
Breitling: BE HONEST I AM TIRED SO I MAY HAVE MISSED SOMETHING
Breitling: 17TH OF MARCH
Breitling: IS THE IMF DATE
Breitling: THEY HAVE TO RV 30 DAYS BEFORE THEY GET THE LOAN
Breitling: THEY GET THE LOAN MARCH 17TH
Breitling: AS FAR AS WE KNOW NOW
Breitling: THEY CAN CHANGE IT
Breitling: AND THEY HAVE CHANGED IT IN THE PAST
Breitling: RATE RANGE FROM MY GUYS
Breitling: REMEMBER I TALKED ABOUT THE EQUILIBRAM
Breitling: WELL THATS ALSO HOW WE GOT THE NUMBERS FOR THE RATE
Breitling: 1.44 - 2.50
Breitling: NOW
Breitling: THAT IS BASED ON THE INFO THEY HAVE
Breitling: DISCLAIMER WE COULD BE MISSING INFO OK
Breitling: MINIMUM TIME PERIOD... TOMORROW
Breitling: MAX TIME PERIOD... MID FEB
8ball: Parlimentary budget has passed
Breitling: YOU GO 8BALL
Breitling: 8BALL IS DA MAN
Breitling: JUST A RECAP
projoe: is the parliamentary budget passing a good thing or does that just buy them a little more time
Breitling: PROJOE THEY RV NOT MATTER WHAT
******: THEY JUST TOLD YOU WHAT IS GOING TO HAPPEN
bgpatton2: there is multiple intel that confirms our current window
bgpatton2: the best thing that could of happened for us was the rv being turned back over to cbi
bgpatton2: where it should have come from anyway
bgpatton2: M had too much cleaning solution on his trigger and his finger kept slipping
bgpatton2: cbi was also putting pressure indirectly on M to complete the rv
bgpatton2: with that said, cbi will not play around
bgpatton2: they have an agenda
bgpatton2: we have others waiting on iraq as well to complete things of their own
bgpatton2: currency wise
bgpatton2: it is believed they will all happen at the same time or as close to the same time as possible
bgpatton2: i still don't have a good way to share certain things, so i will leave it out for now
bgpatton2: i will go over it with med and see how we can put it
bgpatton2: i can just say i am excited with our current situation
bgpatton2: i have my own idea about a rate, but nothing concrete
Breitling: OK I AM OUT
bgpatton2: $2.50 and up
Breitling: SEE YOU GUYS LATER
bgpatton2: thanks Breitling for you intel
Breitling: NP THX FOR YOUR INTEL ALSO BG
bgpatton2: i do like to read different peoples info so i can see who is full of bs and who actually has real intel'
bgpatton2: please believe the different govts use the media to throw things off sometimes
bgpatton2: is when they were saying M was out of Iraq at one point
bgpatton2: we had other intel saying he was still in Iraq
bgpatton2: i have not been able to read over the news from today, but again i don't always trust it
bgpatton2: ok, i know we all like the windows
bgpatton2: and know that each window of opportunity is high probability
bgpatton2: i will tell you this, i like our current situation we are sitting in as investors
bgpatton2: we have the upper hand because iraq's is about the be forced
bgpatton2: to
bgpatton2: you have to remember who is involved with the rv
bgpatton2: there are certain people of importance that are still in the area close to iraq
bgpatton2: and they have *** pressure from multiple countries
bgpatton2: extreme
bgpatton2: wanna make sure yall know i wasn't cursing
bgpatton2: the people that are there are awaiting the rv
bgpatton2: and they are not gonna stay there forever
bgpatton2: without going into detail
bgpatton2: i like our current window
bgpatton2: they have already been there for a week
bgpatton2: and are running out of things to do to justify why they are there
bgpatton2: i know if you put 2 and 2 together you can add up with breitling's info
bgpatton2: i have a few things more, but i need to think about how to put it
bgpatton2: without being too direct
bgpatton2: breitling you still here?
Breitling: YEAH
bgpatton2: would you mind going over your info again? it will coincide with what i talk about next
bgpatton2: meaning deadlines, etc
Breitling: 12 TO THE 15TH
Breitling: THE the 12th gives the government the ability to change the rate
Breitling: MARCH 17TH IMF LOANS
Breitling: 30 DAY STIPS FOR THE CURRENCY TO BE INTERNATIONAL
Breitling: SO COUNT BACK
Breitling: ALSO END OF JAN THERE IS ALSO A WINDOW BECAUSE OF BUDGET REASONS
Breitling: LET ME GET SOME MORE INFO ON THAT PART OK
Breitling: I AM STILL WORKING ON THAT
Breitling: GOT IT FROM DUBAI
Breitling: BUT STILL NEED TO UNDERSTAND WHY
Breitling: THERE ARE MANY MINI WINDOWS ALSO
Breitling: BUT I DONT KNOW ENOUGH ABOUT THEM TO BE ABLE TO TELL YOU ABOUT THEM
Breitling: SO THATS IT
Breitling: DID I FORGET ANYTHING ?
Breitling: YOU SHOULD ALL KNOW BY NOW
Breitling: ANYONE?
Breitling: BE HONEST I AM TIRED SO I MAY HAVE MISSED SOMETHING
Breitling: 17TH OF MARCH
Breitling: IS THE IMF DATE
Breitling: THEY HAVE TO RV 30 DAYS BEFORE THEY GET THE LOAN
Breitling: THEY GET THE LOAN MARCH 17TH
Breitling: AS FAR AS WE KNOW NOW
Breitling: THEY CAN CHANGE IT
Breitling: AND THEY HAVE CHANGED IT IN THE PAST
Breitling: RATE RANGE FROM MY GUYS
Breitling: REMEMBER I TALKED ABOUT THE EQUILIBRAM
Breitling: WELL THATS ALSO HOW WE GOT THE NUMBERS FOR THE RATE
Breitling: 1.44 - 2.50
Breitling: NOW
Breitling: THAT IS BASED ON THE INFO THEY HAVE
Breitling: DISCLAIMER WE COULD BE MISSING INFO OK
Breitling: MINIMUM TIME PERIOD... TOMORROW
Breitling: MAX TIME PERIOD... MID FEB
8ball: Parlimentary budget has passed
Breitling: YOU GO 8BALL
Breitling: 8BALL IS DA MAN
Breitling: JUST A RECAP
projoe: is the parliamentary budget passing a good thing or does that just buy them a little more time
Breitling: PROJOE THEY RV NOT MATTER WHAT
******: THEY JUST TOLD YOU WHAT IS GOING TO HAPPEN
bgpatton2: there is multiple intel that confirms our current window
bgpatton2: the best thing that could of happened for us was the rv being turned back over to cbi
bgpatton2: where it should have come from anyway
bgpatton2: M had too much cleaning solution on his trigger and his finger kept slipping
bgpatton2: cbi was also putting pressure indirectly on M to complete the rv
bgpatton2: with that said, cbi will not play around
bgpatton2: they have an agenda
bgpatton2: we have others waiting on iraq as well to complete things of their own
bgpatton2: currency wise
bgpatton2: it is believed they will all happen at the same time or as close to the same time as possible
bgpatton2: i still don't have a good way to share certain things, so i will leave it out for now
bgpatton2: i will go over it with med and see how we can put it
bgpatton2: i can just say i am excited with our current situation
bgpatton2: i have my own idea about a rate, but nothing concrete
Breitling: OK I AM OUT
bgpatton2: $2.50 and up
Breitling: SEE YOU GUYS LATER
bgpatton2: thanks Breitling for you intel
Breitling: NP THX FOR YOUR INTEL ALSO BG
XXXXXXX CHAT - 1/11/10 @ 10pm EST
7:11 pm [******] ok we are going to have to go back a couple weeks
7:12 pm [******] maybe only 10 days or so
7:12 pm [******] this way you can all understand
7:12 pm [******] now i am using the kiss principle
7:12 pm [******] i can't go any lower
7:13 pm [******] now actually just follow along
7:14 pm [******] now back in sept a govt agency did a sustainability study for the un/imf and iraq
7:15 pm [******] under multiple scenario's how iraq could handle specific exchange rates
7:15 pm [******] the valuation of the iqd was to come out
7:15 pm [******] then china got involved
7:15 pm [******] made a point about the rv that apparently was correct and it was put off
7:16 pm [******] then iraq decides to rv again.
7:16 pm [******] but again china is involved (october) after they were banned from the oil auctions
7:17 pm [******] and if it did revalue china would dump all the iqd they had onto iraqs lap and wanted to be payed for it
7:18 pm [******] then as we saw china got a major oil contract and then they forgave 80% of it's debt approximately 8 trillion iqd of iraqs
7:18 pm [******] during this time multiple crisis happened
7:19 pm [******] bombing after bombing .
7:19 pm [******] hundreds killed and thousands wounded
7:20 pm [******] all of which were seemingly timed at a moment when it seemed a possible rv was imminent.
7:20 pm [******] then a political disaster
7:20 pm [******] the election law
7:21 pm [******] what seemed to be a slam dunk
7:22 pm [******] all of a sudden is not so simple by the blind sided veto from hashemi
7:22 pm [******] then when it seemed that it was going to be vetoed again with 10 minutes to go
7:23 pm [******] hashemi miraculously lets his sunni party take a loss in seats and signs off on it.
7:23 pm [******] another issue that can be considered rv hampering
7:24 pm [******] then another political delay comes
7:24 pm [******] maliki has the rv and decides to use it to jump start his campaign
7:25 pm [******] so then we wait and wait and wait.
7:25 pm [******] but nothing
7:26 pm [******] we then find out that the responsiblity of the valuation is not as easy a one as maliki thought
7:26 pm [******] he no longer is running and no longer wants to be responsible for it or the possible reprecussions
7:26 pm [******] so it goes back to cbi
7:27 pm [******] another delay
7:27 pm [******] now we are at the budget
7:27 pm [******] also more bombings
7:28 pm [******] here is a sign that we missed
7:28 pm [******] the provinces started complaining about the rate of exchange being applied to the money alloted them.
7:29 pm [******] they are saying that the 2009 rate should not apply
7:29 pm [******] to the 2010 budget
7:29 pm [******] it should be the 2010 budget exchange rate that is suppose to come out jan 31, 2010
7:30 pm [******] and that rate should increase the budget by 20% for each province
7:30 pm [******] whooa i am thinking
7:31 pm [******] old exchange rate/new exchange rate for 2010
7:31 pm [******] now then the budget comes up
7:31 pm [******] but they don't want to approve it until after elections or just before
7:32 pm [******] so that govt money cannot be used to help campaigns
7:32 pm [******] then this comes up
7:32 pm [******] if no budget by the 12th
7:32 pm [******] this new word comes up
7:33 pm [******] the erm or exchange rate mechanism
7:33 pm [******] now an exchange rate mechanism cannot come after the budget
7:33 pm [******] or what i am saying is this
7:34 pm [******] the budget cannot be approved first
7:34 pm [******] if the 2010 budget is passed without using the erm and the new rate if the 2010 budget is passed without using the erm and the new rate
7:34 pm [******] it will be a fiasco for the budget
7:35 pm [******] it will creat a mass of recalculations
7:35 pm [******] so i am told that the erm/rate of exchange should have to be in place first or at the same time the budget is approved.
7:36 pm [******] also that if you look at all the projects that are listed by the gazette
7:36 pm [******] it is so aggressive
7:36 pm [******] and just how are these going to be paid for?
7:36 pm [******] not with a currency that is worthless
7:37 pm [******] at a rate of 1170
7:37 pm [******] now we then see an article posted by bronx from the cbi advisor saleh
7:38 pm [******] pretty much in very few words,
7:38 pm [******] that the rv has been hampered by all i listed above but not stopped
7:39 pm [******] now we need to follow the progress of the budget
7:40 pm [******] also i think we are on the verge of an rv soon
7:40 pm [******] i have been informed and have stuck to this information
7:41 pm [******] from the imf and one agency i have given my word not to expose
7:41 pm [******] that the valuation of the iqd was the month of january
7:42 pm [******] now this falls into the jan 31 date brought up the provinces
7:42 pm [******] and the rate they wanted to use
7:42 pm [******] now it is the 12th now in iraq
7:43 pm [******] that was the deadline date given
7:43 pm [******] i am not saying an rv tonight
7:43 pm [******] but i think we need to pay careful attention to the next few days
7:44 pm [******] i think we are watching the rv unfold before us
7:45 pm [******] and it is tagged to the budget
7:45 pm [******] in the form of an erm
7:45 pm [******] does this make sense to you all.
7:12 pm [******] maybe only 10 days or so
7:12 pm [******] this way you can all understand
7:12 pm [******] now i am using the kiss principle
7:12 pm [******] i can't go any lower
7:13 pm [******] now actually just follow along
7:14 pm [******] now back in sept a govt agency did a sustainability study for the un/imf and iraq
7:15 pm [******] under multiple scenario's how iraq could handle specific exchange rates
7:15 pm [******] the valuation of the iqd was to come out
7:15 pm [******] then china got involved
7:15 pm [******] made a point about the rv that apparently was correct and it was put off
7:16 pm [******] then iraq decides to rv again.
7:16 pm [******] but again china is involved (october) after they were banned from the oil auctions
7:17 pm [******] and if it did revalue china would dump all the iqd they had onto iraqs lap and wanted to be payed for it
7:18 pm [******] then as we saw china got a major oil contract and then they forgave 80% of it's debt approximately 8 trillion iqd of iraqs
7:18 pm [******] during this time multiple crisis happened
7:19 pm [******] bombing after bombing .
7:19 pm [******] hundreds killed and thousands wounded
7:20 pm [******] all of which were seemingly timed at a moment when it seemed a possible rv was imminent.
7:20 pm [******] then a political disaster
7:20 pm [******] the election law
7:21 pm [******] what seemed to be a slam dunk
7:22 pm [******] all of a sudden is not so simple by the blind sided veto from hashemi
7:22 pm [******] then when it seemed that it was going to be vetoed again with 10 minutes to go
7:23 pm [******] hashemi miraculously lets his sunni party take a loss in seats and signs off on it.
7:23 pm [******] another issue that can be considered rv hampering
7:24 pm [******] then another political delay comes
7:24 pm [******] maliki has the rv and decides to use it to jump start his campaign
7:25 pm [******] so then we wait and wait and wait.
7:25 pm [******] but nothing
7:26 pm [******] we then find out that the responsiblity of the valuation is not as easy a one as maliki thought
7:26 pm [******] he no longer is running and no longer wants to be responsible for it or the possible reprecussions
7:26 pm [******] so it goes back to cbi
7:27 pm [******] another delay
7:27 pm [******] now we are at the budget
7:27 pm [******] also more bombings
7:28 pm [******] here is a sign that we missed
7:28 pm [******] the provinces started complaining about the rate of exchange being applied to the money alloted them.
7:29 pm [******] they are saying that the 2009 rate should not apply
7:29 pm [******] to the 2010 budget
7:29 pm [******] it should be the 2010 budget exchange rate that is suppose to come out jan 31, 2010
7:30 pm [******] and that rate should increase the budget by 20% for each province
7:30 pm [******] whooa i am thinking
7:31 pm [******] old exchange rate/new exchange rate for 2010
7:31 pm [******] now then the budget comes up
7:31 pm [******] but they don't want to approve it until after elections or just before
7:32 pm [******] so that govt money cannot be used to help campaigns
7:32 pm [******] then this comes up
7:32 pm [******] if no budget by the 12th
7:32 pm [******] this new word comes up
7:33 pm [******] the erm or exchange rate mechanism
7:33 pm [******] now an exchange rate mechanism cannot come after the budget
7:33 pm [******] or what i am saying is this
7:34 pm [******] the budget cannot be approved first
7:34 pm [******] if the 2010 budget is passed without using the erm and the new rate if the 2010 budget is passed without using the erm and the new rate
7:34 pm [******] it will be a fiasco for the budget
7:35 pm [******] it will creat a mass of recalculations
7:35 pm [******] so i am told that the erm/rate of exchange should have to be in place first or at the same time the budget is approved.
7:36 pm [******] also that if you look at all the projects that are listed by the gazette
7:36 pm [******] it is so aggressive
7:36 pm [******] and just how are these going to be paid for?
7:36 pm [******] not with a currency that is worthless
7:37 pm [******] at a rate of 1170
7:37 pm [******] now we then see an article posted by bronx from the cbi advisor saleh
7:38 pm [******] pretty much in very few words,
7:38 pm [******] that the rv has been hampered by all i listed above but not stopped
7:39 pm [******] now we need to follow the progress of the budget
7:40 pm [******] also i think we are on the verge of an rv soon
7:40 pm [******] i have been informed and have stuck to this information
7:41 pm [******] from the imf and one agency i have given my word not to expose
7:41 pm [******] that the valuation of the iqd was the month of january
7:42 pm [******] now this falls into the jan 31 date brought up the provinces
7:42 pm [******] and the rate they wanted to use
7:42 pm [******] now it is the 12th now in iraq
7:43 pm [******] that was the deadline date given
7:43 pm [******] i am not saying an rv tonight
7:43 pm [******] but i think we need to pay careful attention to the next few days
7:44 pm [******] i think we are watching the rv unfold before us
7:45 pm [******] and it is tagged to the budget
7:45 pm [******] in the form of an erm
7:45 pm [******] does this make sense to you all.
IRAQI PARLIAMENT PASSES PARLIAMENT BUDGET AND SUPREME JUDICIAL COUNCIL
Monday, January 11th 2010 5:57 PM
Erbil, Jan.11 (Aknews) - The head of the Finance Committee in the Iraqi parliament said on Monday that the Parliament approved on the Council's budget and the Supreme Judicial Council.
"according to the rules ,voting on the Parliament's budget and the Supreme Judicial Council must be done according to two separate paragraphs and then it is added to the federal budget." Alaa Saadoun told The Independent National News Agency of Kurdistan (AKnews).
She explained that "after the approval, these votes are taken to the Council of Ministers to amend the budget and the tables related to it, then it is returned back to the Parliament to be voted on early next week."
She added that voting on the budget of the Parliament and the Supreme Judicial Council dependes on considering that each of these is a separate branch. It is a legislative, independent and judicial power and shall be voted upon separately and then added to the federal budget. "
She noted that the Judicial Council "is an independent judicial authority and the Parliament is an independent legislative power, in addition to the executive authority which is the government and the Prime Minister considering that each of these agencies have the seperated authority from the rest of the authorities, and will be voted on separately and then added to the federal public budget.
rn/sh. (Aknews).
http://www.aknews.com/en/aknews/2/102368/
Erbil, Jan.11 (Aknews) - The head of the Finance Committee in the Iraqi parliament said on Monday that the Parliament approved on the Council's budget and the Supreme Judicial Council.
"according to the rules ,voting on the Parliament's budget and the Supreme Judicial Council must be done according to two separate paragraphs and then it is added to the federal budget." Alaa Saadoun told The Independent National News Agency of Kurdistan (AKnews).
She explained that "after the approval, these votes are taken to the Council of Ministers to amend the budget and the tables related to it, then it is returned back to the Parliament to be voted on early next week."
She added that voting on the budget of the Parliament and the Supreme Judicial Council dependes on considering that each of these is a separate branch. It is a legislative, independent and judicial power and shall be voted upon separately and then added to the federal budget. "
She noted that the Judicial Council "is an independent judicial authority and the Parliament is an independent legislative power, in addition to the executive authority which is the government and the Prime Minister considering that each of these agencies have the seperated authority from the rest of the authorities, and will be voted on separately and then added to the federal public budget.
rn/sh. (Aknews).
http://www.aknews.com/en/aknews/2/102368/
PARLIAMENT VOTES ON ITS BUDGET
January 11, 2010 - 02:07:26
BAGHDAD / Aswat al-Iraq: Lawmakers approved on Monday the budgets of the Iraqi Parliament and the Higher Judicial Council, according to a lawmaker from the Iraqi Accord Front.
“The Parliament also approved the military service and retirement draft law,” Tayseer al-Mashhadani told Aswat al-Iraq news agency.
“Speaker Iyad al-Samarraie asked the financial committee to present the federal budget in order to vote on it next session,” she added.
http://en.aswataliraq.info/?p=125029
BAGHDAD / Aswat al-Iraq: Lawmakers approved on Monday the budgets of the Iraqi Parliament and the Higher Judicial Council, according to a lawmaker from the Iraqi Accord Front.
“The Parliament also approved the military service and retirement draft law,” Tayseer al-Mashhadani told Aswat al-Iraq news agency.
“Speaker Iyad al-Samarraie asked the financial committee to present the federal budget in order to vote on it next session,” she added.
http://en.aswataliraq.info/?p=125029
HSBC BANK ROBBERY - American Contractor
The bank is located in the Al-Jadiriyah area.
The American Contractor has been monitoring this for the last few days since 8 Jan and has more information and will disclose as more updated info is confirmed.
Maybe the bank robbers stole the stock certificates along with the money!?
On another note there is no RV in January 2010.
As always more too follow...
Feel free to write:
americancontractor@gmail.com
IRAQ EXCHANGE RATE MECHANISM - By Adam Montana @ Dinar Speculation
We’re hearing a lot of buzz on the ERM, or Exchange Rate Mechanism for Iraq. I talked about it in chat this morning but wanted to take a moment and point you in the right direction if you wanted to research Iraqi Exchange Rate Mechanism and what it means for the Reval of the Iraqi currency.
(Here’s the link to the chat: http://dinarvets.com/forums/showthread.php?t=5945)
I also posted another article that does a great job of explaining some history on currencies, and ties it to Iraqi Dinar. See that one here: http://dinarvets.com/forums/showthread.php?t=5950
ERM, or Exchange Rate Mechanism, generally refers to the EU before they went to a common currency: the Euro. This Exchange Rate Mechanism was an agreement to keep the values of the currencies of the members of the European Economic Community tightly grouped, within +/- 2.25%. If any of the currencies went outside of that range, financial institutions were designed to step in and take action to bring the currency back into range.
Definition of ERM on business dictionary: http://www.businessdictionary.com/definition/exchange-rate-mechanism-ERM.html
Let’s play a little “Connect The Dots”… we already know that there is talk of a Common Middle Eastern Currency, known as the Gulf Dinar.The Iraqi Dinar Exchange Rate Mechanism, if implemented, could be the start of stabilizing the Exchange Rate of the Iraqi Dinar prior to bringing it into the GCC, where a union of countries will support each other financially to ensure a value within a small fluctuation rate. This is known as “semi-pegging”.
So, if Iraq is looking at an ERM, and the goal of an ERM is to keep the currencies in the group (or coalition, as it is in this case) on a level par with each other, what is the likely course for the Dinar at this point in time?
Quite simply, it has to be closer to the value of the other currencies in the “basket” in order to be withing a +/- 2.5% range. If this is the plan, I wouldn’t be surprised to see either an RV very soon, OR a rapid rise in value to get it up to the rate it needs to be at in order to match the other GCC member’s currencies.
Possible speculation and proposals on the Gulf Dinar put it about 2-3 years out. If Iraq does not RV overnight, they need time to grow the currency and avoid a huge shock to their economy, so things need to start happening soon.
One thing we know for sure is that we have not seen any movement on the Dinar in over a year, and at the same time we’re hearing about stuff like an Iraqi Dinar ERM. I can only imagine that means one thing: Something is in the works.
MACMARK2001 POST - Dinar Vets
"The Real Deal About The RV”
Hello,
I currently work in Iraq and was referred to this site by a friend who was distressed to learn about predatory actions being taken on innocent Americans.
After reading some of the posts and hearing some of the HORROR stories. I felt compelled to share my "info" on what is really going on with the Iraqi Dinar.
I currently work in Iraq and sit in on various meetings discussing nothing but the future of Iraq . The plan as of now is IF the dinar is RV'd, the money you have sent thousands on to obtain will become nothing more than vouchers to be handed in to banks for the proper amount those note will be worth. The reasoning behind this is that the world market will not allow people to have stacks of million dollar bills and have a whole nation (Iraqi's) become overnight millionaires. That would bring the world market to it's knee's. You might however make a profit on Dinars but not the thousand dollars into 1 million dollars...more like if you paid 1 thousand dollars for a million dinar you might get a 600 dollar return on your investment. Keep in mind maybe even this won't happen and things just stay the way they are.
Now for people who think because of oil, Iraq will be come this rich nation, look at Africa, they have trillions of dollars in resources and are on the brink of losing a whole generation to starvation and AIDS, and for the people who think that America wouldn't allow this to happen to Iraq. The UN along with the United States' help pours billions of dollars of aid into Africa, and still they are poor and starving and corrupt (like Iraq ).
I would hope that some of you would read this and maybe for once have real info that is helpful towards the Iraqi dinar.
Thank you
Hello,
I currently work in Iraq and was referred to this site by a friend who was distressed to learn about predatory actions being taken on innocent Americans.
After reading some of the posts and hearing some of the HORROR stories. I felt compelled to share my "info" on what is really going on with the Iraqi Dinar.
I currently work in Iraq and sit in on various meetings discussing nothing but the future of Iraq . The plan as of now is IF the dinar is RV'd, the money you have sent thousands on to obtain will become nothing more than vouchers to be handed in to banks for the proper amount those note will be worth. The reasoning behind this is that the world market will not allow people to have stacks of million dollar bills and have a whole nation (Iraqi's) become overnight millionaires. That would bring the world market to it's knee's. You might however make a profit on Dinars but not the thousand dollars into 1 million dollars...more like if you paid 1 thousand dollars for a million dinar you might get a 600 dollar return on your investment. Keep in mind maybe even this won't happen and things just stay the way they are.
Now for people who think because of oil, Iraq will be come this rich nation, look at Africa, they have trillions of dollars in resources and are on the brink of losing a whole generation to starvation and AIDS, and for the people who think that America wouldn't allow this to happen to Iraq. The UN along with the United States' help pours billions of dollars of aid into Africa, and still they are poor and starving and corrupt (like Iraq ).
I would hope that some of you would read this and maybe for once have real info that is helpful towards the Iraqi dinar.
Thank you
IRAQ HAS RECEIVED A LOAN OF $7 TRILLION DINARS TO COVER THE DEFICIT
Parliamentary: Iraq has received a loan of $ 7 trillion dinars to cover the deficit
شريط الاخبار | 11-01-2010 Bar News | 11/01/2010
بغداد/اور نيوز Baghdad / Orr News
Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit.
Said Saadoun, a member of the Accordance Front, said: "The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year. And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit. " وتوقعت السعدون :" ان يتم التصويت على الموازنة للعام الØالي الاسبوع المقبل". Saadoun and predicted: "The vote is on the budget for the current year next week."
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.uragency.net/index.php%3Faa%3Dnews%26id22%3D3981&rurl=translate.google.com
شريط الاخبار | 11-01-2010 Bar News | 11/01/2010
بغداد/اور نيوز Baghdad / Orr News
Alaa al-Sadoun said Deputy Chairperson of the Finance Committee in the House of Representatives that the World Bank and IMF special drawing rights and made a loan to Iraq Bmlbg 7 trillion Iraqi dinars to bridge the fiscal deficit.
Said Saadoun, a member of the Accordance Front, said: "The fiscal budget deficit of 21 trillion Iraqi dinars. Sntdark and recycled it through my existing budget of the past year. And the budget in 2010 was calculated on the basis that the price of a barrel of oil to $ 62,5, and the price The current oil is $ 73 a barrel. and this difference would reduce the fiscal deficit. " وتوقعت السعدون :" ان يتم التصويت على الموازنة للعام الØالي الاسبوع المقبل". Saadoun and predicted: "The vote is on the budget for the current year next week."
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.uragency.net/index.php%3Faa%3Dnews%26id22%3D3981&rurl=translate.google.com
ADAM MONTANA POST - Dinar Vets
[Adam Montana] first - some common sense
[Adam Montana] you should all be doing your own research every day
[Adam Montana] and nobody should buy based on what anyone says
[Adam Montana] everyone should always use their OWN judgment and do their OWN research
[Adam Montana] I share what I can, but so far nobody is paying me to do it - so if I don't come on here every day and submit myself to a barrage of questions...
[Adam Montana] well, I'll put it this way
[Adam Montana] you should be more worried about the people who PRETEND that they work for free
[Adam Montana] at least I'm up front about it
[Adam Montana] I'm going to offer a paid membership shortly, probably later today
[Adam Montana] it will get rid of the ads for VIP members
[Adam Montana] and I'm also going to make a BookClub area
[Adam Montana] where I will talk about what I actually hear about
[Adam Montana] I've stopped posting stuff in the forum and on the chat because the freeloaders here are ruining it for me
[Adam Montana] so you freeloaders will not have access to my private chat
[Adam Montana] only VIP members
[Adam Montana] enough of that
[Adam Montana] this chat will remain free, you don't HAVE to go VIP, nobody is forcing you
[Adam Montana] you can sit in here and listen to all the rumors you want, still for free
[Adam Montana] one thing everyone should know
[Adam Montana] if you're in this investment, you should be here for the LONG TERM
[Adam Montana] if it RVs on the 12th, great!
[Adam Montana] but if it takes another month - I'm ok with that too
[Adam Montana] I just want to know one thing
[Adam Montana] one thing:
[Adam Montana] Should I be selling or should I be buying more?
[Adam Montana] because if I should get out, I want the information
[Adam Montana] here's the latest info on the ERM
[Adam Montana] I see a lot of people talking about it, but not many people understand it
[Adam Montana] people, you need to educate yourselves!
[Adam Montana] Go search and read!
[Adam Montana] this is IMPORTANT STUFF! There is a lot of money to be made here.... IF you get in at the right angle!
[Adam Montana] and there is a LOT of angles!
[Adam Montana] Malike said they are ready to be introduced into the Transparency International
[Adam Montana] know what that is?
[Adam Montana] Transparency International, the global civil society organisation leading the fight against corruption, brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. TI’s mission is to create change towards a world free of corruption.
[Adam Montana] take a minute and read that
[Adam Montana] I know a lot ofyou just want the date and rate, but let's be real for a minute - READ THAT.
[Adam Montana] I know a lot ofyou just want the date and rate, but let's be real for a minute - READ THAT.
[Adam Montana] ok. If Maliki and others in Iraq are stating that they are eager to go into a PUBLICLY KNOWN group that is against corruption, don't you think they are getting more confident that they can control their own government?
[Adam Montana] we all know that stabiliity MUST be in place ffor the Dinar to RV
[Adam Montana] this is another GOOD SIGN
[Adam Montana] next
[Adam Montana] the ERM
[Adam Montana] System established in 1979 for controlling exchange rates within the European Monetary System of the European Union (EU) that was intended to prepare the way for a single currency.
[Adam Montana] let's connect the dots
[Adam Montana] the EU used many forms of currency pre ERM, pre EURO
[Adam Montana] is the EURO strong?
[Adam Montana] yes
[Adam Montana] the key words there are "prepare the way for a single currency."
[Adam Montana] connect the dots... what is going on in the Middle East?
[Adam Montana] well, it's a couple years out yet - but the Middle East is kind of quietly preparing for a single currency as well - the Gulf Dinar
[Adam Montana] connect the dots to the GCC
[Adam Montana] Now look at the basket of currencies that makes op the SDR
[Adam Montana] if the Iraqi Dinar went into a Middle East "Basket" right now, would it be lopsided? You bet!
[Adam Montana] But they are PREPARING for a single solid monetary system
[Adam Montana] Iraq has to be a part of it, they are huge, have major amounts of reserves, peace is rising, violence is down 90% since 2004
[Adam Montana] the conclusion is that SMART investors understand that you have to connect the dots to see the big picture
[Adam Montana] and when you connect these dots, I'm looking at a pretty sweet investment
[Adam Montana] you should all be doing your own research every day
[Adam Montana] and nobody should buy based on what anyone says
[Adam Montana] everyone should always use their OWN judgment and do their OWN research
[Adam Montana] I share what I can, but so far nobody is paying me to do it - so if I don't come on here every day and submit myself to a barrage of questions...
[Adam Montana] well, I'll put it this way
[Adam Montana] you should be more worried about the people who PRETEND that they work for free
[Adam Montana] at least I'm up front about it
[Adam Montana] I'm going to offer a paid membership shortly, probably later today
[Adam Montana] it will get rid of the ads for VIP members
[Adam Montana] and I'm also going to make a BookClub area
[Adam Montana] where I will talk about what I actually hear about
[Adam Montana] I've stopped posting stuff in the forum and on the chat because the freeloaders here are ruining it for me
[Adam Montana] so you freeloaders will not have access to my private chat
[Adam Montana] only VIP members
[Adam Montana] enough of that
[Adam Montana] this chat will remain free, you don't HAVE to go VIP, nobody is forcing you
[Adam Montana] you can sit in here and listen to all the rumors you want, still for free
[Adam Montana] one thing everyone should know
[Adam Montana] if you're in this investment, you should be here for the LONG TERM
[Adam Montana] if it RVs on the 12th, great!
[Adam Montana] but if it takes another month - I'm ok with that too
[Adam Montana] I just want to know one thing
[Adam Montana] one thing:
[Adam Montana] Should I be selling or should I be buying more?
[Adam Montana] because if I should get out, I want the information
[Adam Montana] here's the latest info on the ERM
[Adam Montana] I see a lot of people talking about it, but not many people understand it
[Adam Montana] people, you need to educate yourselves!
[Adam Montana] Go search and read!
[Adam Montana] this is IMPORTANT STUFF! There is a lot of money to be made here.... IF you get in at the right angle!
[Adam Montana] and there is a LOT of angles!
[Adam Montana] Malike said they are ready to be introduced into the Transparency International
[Adam Montana] know what that is?
[Adam Montana] Transparency International, the global civil society organisation leading the fight against corruption, brings people together in a powerful worldwide coalition to end the devastating impact of corruption on men, women and children around the world. TI’s mission is to create change towards a world free of corruption.
[Adam Montana] take a minute and read that
[Adam Montana] I know a lot ofyou just want the date and rate, but let's be real for a minute - READ THAT.
[Adam Montana] I know a lot ofyou just want the date and rate, but let's be real for a minute - READ THAT.
[Adam Montana] ok. If Maliki and others in Iraq are stating that they are eager to go into a PUBLICLY KNOWN group that is against corruption, don't you think they are getting more confident that they can control their own government?
[Adam Montana] we all know that stabiliity MUST be in place ffor the Dinar to RV
[Adam Montana] this is another GOOD SIGN
[Adam Montana] next
[Adam Montana] the ERM
[Adam Montana] System established in 1979 for controlling exchange rates within the European Monetary System of the European Union (EU) that was intended to prepare the way for a single currency.
[Adam Montana] let's connect the dots
[Adam Montana] the EU used many forms of currency pre ERM, pre EURO
[Adam Montana] is the EURO strong?
[Adam Montana] yes
[Adam Montana] the key words there are "prepare the way for a single currency."
[Adam Montana] connect the dots... what is going on in the Middle East?
[Adam Montana] well, it's a couple years out yet - but the Middle East is kind of quietly preparing for a single currency as well - the Gulf Dinar
[Adam Montana] connect the dots to the GCC
[Adam Montana] Now look at the basket of currencies that makes op the SDR
[Adam Montana] if the Iraqi Dinar went into a Middle East "Basket" right now, would it be lopsided? You bet!
[Adam Montana] But they are PREPARING for a single solid monetary system
[Adam Montana] Iraq has to be a part of it, they are huge, have major amounts of reserves, peace is rising, violence is down 90% since 2004
[Adam Montana] the conclusion is that SMART investors understand that you have to connect the dots to see the big picture
[Adam Montana] and when you connect these dots, I'm looking at a pretty sweet investment
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
--------------------------------------------------------------------------------
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
MALIKI: NO LONGER ANY EXCUSE FOR ADVANCEMENT OF THE PROCESS OF RECONSTRUCTION
Maliki: No Longer Any Excuse for the Advancement of the Process of Reconstruction
2010-01-11 14:01:17
BAGHDAD (Iba) .. Stressed Prime Minister Nuri al-Maliki that he is no longer any excuse for the advancement of the process of reconstruction.Maliki said during the opening of a water project in the province of Muthanna Rumaythah "If there is no excuse now for all of us as a government, ministers and everyone no excuse is acceptable and no longer any excuse for the advancement of the process of reconstruction."He explained, "that Iraq today Aenqs nothing to advance the process of reconstruction and building after completion of the necessary groundwork for that," pointing out that "Iraq's wealth not invested in the past is something natural to deprive a citizen of the wealth of services because I went and turned into a means of killing, wars and prisons."He said al-Maliki Rumaythah water project as "one of the priorities and the most basic services for citizens, particularly in the oil rich country", adding that Iraq is a country rich in wealth and energies, but "living a clear case of misery, deprivation and poverty. And that's normal when a dictator was governor in the system the past. ""We've got many ways of building, rebuilding, and actively got rid of the faithful who were disrupting the reconstruction of the byproducts of the wheel of the former regime and terrorists. We were able to accomplish much, but we want more for the advancement of Iraq."He described the province of Muthanna to "maintain safe," indicating that it "has managed to be the first province to receive security file and should be given to projects service to them." (End) / g / ..
http://translate.googleusercontent.com/translate_c?hl=en&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Dpolitics%26id%3D19762&prev=/language_tools&rurl=translate.google.com&usg=ALkJrhhwC-CWUhf-c8MHdwX-GenTRkD-lw
2010-01-11 14:01:17
BAGHDAD (Iba) .. Stressed Prime Minister Nuri al-Maliki that he is no longer any excuse for the advancement of the process of reconstruction.Maliki said during the opening of a water project in the province of Muthanna Rumaythah "If there is no excuse now for all of us as a government, ministers and everyone no excuse is acceptable and no longer any excuse for the advancement of the process of reconstruction."He explained, "that Iraq today Aenqs nothing to advance the process of reconstruction and building after completion of the necessary groundwork for that," pointing out that "Iraq's wealth not invested in the past is something natural to deprive a citizen of the wealth of services because I went and turned into a means of killing, wars and prisons."He said al-Maliki Rumaythah water project as "one of the priorities and the most basic services for citizens, particularly in the oil rich country", adding that Iraq is a country rich in wealth and energies, but "living a clear case of misery, deprivation and poverty. And that's normal when a dictator was governor in the system the past. ""We've got many ways of building, rebuilding, and actively got rid of the faithful who were disrupting the reconstruction of the byproducts of the wheel of the former regime and terrorists. We were able to accomplish much, but we want more for the advancement of Iraq."He described the province of Muthanna to "maintain safe," indicating that it "has managed to be the first province to receive security file and should be given to projects service to them." (End) / g / ..
http://translate.googleusercontent.com/translate_c?hl=en&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Dpolitics%26id%3D19762&prev=/language_tools&rurl=translate.google.com&usg=ALkJrhhwC-CWUhf-c8MHdwX-GenTRkD-lw
XXXXXXX CHAT - 1/09/10 @ 11:45pm EST
ACTUALLY DON'T ALWAYS MAKE I AM ONLY HAPPY CUZ I HAVE INFO. PERSONALLY THIS HAS MADE ME THE LEAST HAPPY EVER IN MY LIFE. NOW INFO THAT WE DISCUSSED AND WE WERE GOING OVER WHAT WE BOTH HAD. ALSO I TALKED TO LANACHY ALSO. NOW LAN TOLD ME THAT ANOTHER ARTICLE CAME OUT TODAY THAT THERE IS NO WAY THE BUDGET IS BEING VOTED IN THIS MONTH. HE COULDN'T SEND ME THE LINK CUZ HE WAS ON A COMMUTER TRAIN TO THE AIRPORT. HE WAS HEADING TO NY TO CB'S CORPORATE. FOR SOME DISCUSSIONS THAT I AM NOT AT LIBERTY TO DISCUSS RIGHT NOW. BUT IS TRUE THAT THE BUDGET AGAIN HAS BEEN NIXED. THEN THAT IS VERY GOOD NEWS. ALSO SONNY TALKED TO ME ABOUT THAT HIS INFO IS SAYING WITHIN THE NEXT 24 HRS OR SO. THE BEST I HAVE IS STILL BY THE LAST WEEK IN JANUARY.
USA CUSTOMS: TRAVELING WITH YOUR DINARS - Neno's Place
Hello everyone, as I live in Australia, I had my Hubby stay up all night so he could ring US Customs and talk to them about bringing more than $10,000 into the America. The Customs Officer told him that America had no limits on the amount of $$ you could bring in. They also said to advise Customs Officers as you are going through Customs that you have more than USD $10,000. They will then take you into a private room (This is for our security, away from prying eyes) where together you and them will go through and count the money and confirm the amounts.
Customs Officer also said that you are required to complete a FinCEN Form 105 (REPORT OF INTERNATIONAL TRANSPORTATION OF CURRENCY OR MONETARY INSTRUMENTS)
Here is a link to the PDF http://www.irs.ustreas.gov/pub/irs-pdf/ffc105.pdf
You can fill out the form prior to arriving so it saves you a bit of time.Then you will be on your way. On a side note, my hubby also mentioned that he had all the receipts from when he bought the dinars still which he was going to take as evidence of how he came to hold them, and they seemed happy with this.
So you can confirm here is the phone number to US Customs and their web site. US Customs International Caller – (703) 526-4200.
Just a quick note here also. My Hubby had to ring 2 times to get the operator. First he went through the recorded messages. The second time he said he pressed 0 a few times then went into a queue to speak to Customs Officer.
US Customs website http://www.cbp.gov/
US Customs Contact Page http://www.cbp.gov/xp/cgov/toolbox/c...er_service.xml
I hope this help clear up some concerns about traveling to America with Dinars
Customs Officer also said that you are required to complete a FinCEN Form 105 (REPORT OF INTERNATIONAL TRANSPORTATION OF CURRENCY OR MONETARY INSTRUMENTS)
Here is a link to the PDF http://www.irs.ustreas.gov/pub/irs-pdf/ffc105.pdf
You can fill out the form prior to arriving so it saves you a bit of time.Then you will be on your way. On a side note, my hubby also mentioned that he had all the receipts from when he bought the dinars still which he was going to take as evidence of how he came to hold them, and they seemed happy with this.
So you can confirm here is the phone number to US Customs and their web site. US Customs International Caller – (703) 526-4200.
Just a quick note here also. My Hubby had to ring 2 times to get the operator. First he went through the recorded messages. The second time he said he pressed 0 a few times then went into a queue to speak to Customs Officer.
US Customs website http://www.cbp.gov/
US Customs Contact Page http://www.cbp.gov/xp/cgov/toolbox/c...er_service.xml
I hope this help clear up some concerns about traveling to America with Dinars
TALIBANI CALLS FOR KUWAIT TO EXTINGUISH DEBT
Talabani calls from Kuwait into account feelings of Iraqis & extinguish the debt President Jalal Talabani called on Kuwaitis to respect the feelings of the Iraqis, and Estpsohm, confirming that all or most of the world had turned off the debts on Iraq, is it not the right Brothers Iraq - Kuwait Kuwait should be the initiator of such a step and they know that the Iraqi people to have sinned in the aggression on Kuwait, "Talabani said in an interview with the Khaleej Times newspaper frankly, we have Kurds and majority Shiites believe firmly the independence and sovereignty of Kuwait, so I hope the Brotherhood officials in Kuwait to strengthen this conviction, the majority of the Iraqi people.And said, "I consider myself a friend of Kuwait has requested the officers and soldiers of the Kurds who were part of the Iraqi army during Saddam's invasion of Kuwait and to help people and you can ask your brothers from the positions of Kuwaiti officers and soldiers, then the Kurds.Talabani also said that I am asking of our dear Kuwaitis to observe the feelings of Iraqis, neither Estpsohm, that all or most of the world had turned off the debts on Iraq, is it not the right Brothers Iraq - Kuwait Kuwait should be the initiator of such a step and they know that the Iraqi people to have sinned in the aggression against Kuwait and so I reject the label «Iraqi invasion», because in fact «invasion did not want to collide when most Iraqis».I also wonder: Is not it the right of Iraqis to Iatbwa on their fellow non-Kuwaitis for their investment of compensation in the Iraqi arena - at least - and we pay the wealth of Iraqis who have nothing to do with Saddam's crimes that the Iraqi people pay for it before anyone else Albahi sacrifices?
http://www.investorsiraq.com/showthread.php?p=967375
http://www.investorsiraq.com/showthread.php?p=967375
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