Update from Mnt.Goat at TNT Forum Early Tuesday Evening
08/20/201349 Comments
Hi Everyone,
Wow! I am hearing so much intense negativity that this is yet just another false alarm for the RV. Let me tell you what I know to explain now what I can to dismiss this idea.
This is a very, very good week for us Iraq dinar holders. Put that champagne back in the frig...lol.
So much has happened behind the scenes to push this to conclusion in the past 3 weeks. It is a brilliant plan playing out but it takes time, details of which I can not tell you but I wish I could. Someday it will all come out, if you are still interested post RV.
But you ask- Then what is the hold up? This seems to be on everyones lips.
What is the hold up?
....
Wow! I am hearing so much intense negativity that this is yet just another false alarm for the RV. Let me tell you what I know to explain now what I can to dismiss this idea.
This is a very, very good week for us Iraq dinar holders. Put that champagne back in the frig...lol.
So much has happened behind the scenes to push this to conclusion in the past 3 weeks. It is a brilliant plan playing out but it takes time, details of which I can not tell you but I wish I could. Someday it will all come out, if you are still interested post RV.
But you ask- Then what is the hold up? This seems to be on everyones lips.
What is the hold up?
....
Did it ever occur to you
that there is really no holdup? We only think this way because we get
bits and pieces of the puzzle as it unfolds and in our minds we draw some
unnecessary conclusions.
You have to ask yourself once again. Do I want all the news as it plays out? Or do I just want to know when to go to the bank?
If you truely want the news as this is developing then listen to the news coming out, sit back and relax and be sure it is all in our favor.
Most should have realized by now there was yet another power move to lower our rate this week. For the benefit of all the USA citizens they did compromise on our behalf and our rate levels were lowered as what we can ,will be exchanging at.
That is the base rate and the ceiling rates were lowered. I am not saying all is still not very good for us. Just think back to 2010. If I told you a rate of $1.13 you would have jumped for joy and ran to the bank? No..Yes?
So now if I tell you a rate of double digits is possible. What now would you say? Is it worth the wait?
Pep Talk
So lets not be ungrateful and mad for being disappointed this RV is not happening on our time The gov't of the USA is watching out for us and does have a reason for negotiating a rate for us from Iraq.
Beleive me if you do the math there is more than enough fat on the cow to go around and make everyone very happy! In fact the barn is just full of fat cows.
Have you had a chance to read about all the corruption in the banking system lately? What is all this corruption about? If you said money and greed..bingo...you are correct.
So why can't we get a slice of the pie too this time and I don't mean hurting depositors from a bank or rigging the stock exchange or over priced military supplies.
We are the ones who lost our handsome sons and beautiful daughters in the war. We are now investors in the best investment of all times and its all legal not corruption or a scandal.
We are about all the be very wealthy and we don't even have to steal it.
What is now happening
I have heard that all the rates did get processed and now signed off by CBs. The rates did not all populate in FOREX though. They are working diligently on this issue. I know this sounds like yet another excuse but it is happening and will be corrected shortly.
Remember they have never, never popped out 190+ changes to rates all at once and had to use this new software and CIX process.
Okay let me read your mind. You are asking I thought it was all tested out? No more techincal issues!
If you read my one of my recent posts when I described to you how the new process works as integrated with CIX you would know that the CIX is like the train.
Once the rates are calculated they are put on the train. The train runs and makes periodic stops to deliver the rate to the CBs.
One of the stops is also the international exchange FOREX. The train stopped, dumped the rates supposedly but when they verified (did their quality assurance diligence) many of the new rates did not make it along with other crucial information.
This must work flawlessly. So I too am discouraged and say GET IT RIGHT ! I too am very tired of this. But it is still Tuesday and still within their window for this week.
The IMF I got to tell you is very upset this did not go! Very upset!
I wish I could say more but this is very sensitive information even now I am telling you but I thought you need to know at least this much.
I hope you all understand. You will know exactly what I am talking about in the near future.
I will attempt to post again on Thursday and give a more detailed update, if I am allowed.
I wish I will be telling you before that time that we are all exchanging out already.
Peace and luv to ya all,
mnt goat
You have to ask yourself once again. Do I want all the news as it plays out? Or do I just want to know when to go to the bank?
If you truely want the news as this is developing then listen to the news coming out, sit back and relax and be sure it is all in our favor.
Most should have realized by now there was yet another power move to lower our rate this week. For the benefit of all the USA citizens they did compromise on our behalf and our rate levels were lowered as what we can ,will be exchanging at.
That is the base rate and the ceiling rates were lowered. I am not saying all is still not very good for us. Just think back to 2010. If I told you a rate of $1.13 you would have jumped for joy and ran to the bank? No..Yes?
So now if I tell you a rate of double digits is possible. What now would you say? Is it worth the wait?
Pep Talk
So lets not be ungrateful and mad for being disappointed this RV is not happening on our time The gov't of the USA is watching out for us and does have a reason for negotiating a rate for us from Iraq.
Beleive me if you do the math there is more than enough fat on the cow to go around and make everyone very happy! In fact the barn is just full of fat cows.
Have you had a chance to read about all the corruption in the banking system lately? What is all this corruption about? If you said money and greed..bingo...you are correct.
So why can't we get a slice of the pie too this time and I don't mean hurting depositors from a bank or rigging the stock exchange or over priced military supplies.
We are the ones who lost our handsome sons and beautiful daughters in the war. We are now investors in the best investment of all times and its all legal not corruption or a scandal.
We are about all the be very wealthy and we don't even have to steal it.
What is now happening
I have heard that all the rates did get processed and now signed off by CBs. The rates did not all populate in FOREX though. They are working diligently on this issue. I know this sounds like yet another excuse but it is happening and will be corrected shortly.
Remember they have never, never popped out 190+ changes to rates all at once and had to use this new software and CIX process.
Okay let me read your mind. You are asking I thought it was all tested out? No more techincal issues!
If you read my one of my recent posts when I described to you how the new process works as integrated with CIX you would know that the CIX is like the train.
Once the rates are calculated they are put on the train. The train runs and makes periodic stops to deliver the rate to the CBs.
One of the stops is also the international exchange FOREX. The train stopped, dumped the rates supposedly but when they verified (did their quality assurance diligence) many of the new rates did not make it along with other crucial information.
This must work flawlessly. So I too am discouraged and say GET IT RIGHT ! I too am very tired of this. But it is still Tuesday and still within their window for this week.
The IMF I got to tell you is very upset this did not go! Very upset!
I wish I could say more but this is very sensitive information even now I am telling you but I thought you need to know at least this much.
I hope you all understand. You will know exactly what I am talking about in the near future.
I will attempt to post again on Thursday and give a more detailed update, if I am allowed.
I wish I will be telling you before that time that we are all exchanging out already.
Peace and luv to ya all,
mnt goat
08/20/2013 11:56pm
For your benifit I am giving you this information. Yes the IMF wants the RV
to move in a positive direction What you may not understand at this point is
The US, UN. China , nor the IMF can force this RV other than try to puresure
somehow. NO ONE excet Iraq is holding this up. Please understand the IMF is
only a third party facilitator and can only guide and sugest to any country
period. They are also hired by IMF donar nations to administer ecnomic programs
between countries like Debitor and Donar nations for example. We know that
Maliki and the Finance committee is the hold up and maybe some other members of
Parlament ! Other wise your information sounds good! Please read article 4 of
the Articles of Agreement that establish and govern the IMF. I can send you a
copy if need be or to anyone else who wishes. If you have good IMF contacts
have them get you a copy please !!Blue Knight
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1:11 AM (6 minutes ago)
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Enorrste Gives His Explanation Emailed To Recaps
08/21/20132 Comments
Financial representative: on
the Central Bank on monetary policy open
The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." Full Article & Link Below
Enorrste; KAP called me today, 3 times (!), to get me to chime in here. So here goes.
When I first read this short article I was somewhat disappointed because I felt that it might be dealing with the ages-long problem of the falling value of the dinar against the dollar.
You all might recall that I picked one of the previous articles apart and said that it didn't refer to an RV or even a free float, but instead only of CONTROL of the currency rate.
...
The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar." Full Article & Link Below
Enorrste; KAP called me today, 3 times (!), to get me to chime in here. So here goes.
When I first read this short article I was somewhat disappointed because I felt that it might be dealing with the ages-long problem of the falling value of the dinar against the dollar.
You all might recall that I picked one of the previous articles apart and said that it didn't refer to an RV or even a free float, but instead only of CONTROL of the currency rate.
...
Then I decided to follow KAP's totally prescient
advice (that's a compliment!) and follow up with some research from the
IMF. Here is what I found, thanks to KAP:
"By buying or selling bonds, bills, and other financial instruments in the open market, a central bank can expand or contract the amount of reserves in the banking system and can ultimately influence the country's money supply.
When the central bank sells such instruments it absorbs money from the system. Conversely, when it buys it injects money into the system.
This method of trading in the market to control the money supply is called open market operations."
This is directly from the IMF. Now we have the CBI stating that they will move to "open market operations." They are, clearly, referring to the very quote above in terms of meaning. What does that mean for us? Here comes the good news, folks.
You all may recall that I had a debate with Din************.com in which they said, unequivocally, that it would be impossible for Iraq to reduce the money supply.
Well, guess what? The IMF has shown conclusively that "open market operations" clearly will allow the CBI to reduce the money supply. All they have to do is sell bonds!
Now, it gets better, because we know from many months ago that the CBI stated that their plan was to reduce the money supply, right? But we have always thought that the only way they could do that was to buy back the large denoms, right?
NOW we see that the means to buy back the large denoms is to sell bonds. People will buy bonds with large denominated dinars. The CBI will destroy them.
Therefore there will be no "coersion" as *** thought. It will be, quite simply, OPEN MARKET OPERATIONS! Duh!
They will be able to reduce the money supply by creating "debt" out of thin air, namely through selling bonds. The US has been doing this for over a generation. Iraq HAS NO DEBT, so their is very little risk for them in doing this, right?
The bottom line is that the CBI is announcing that they are about to follow the IMF "open market operations" program to a "T."
What does that mean? It means that they will begin to reduce the money supply! And what does that mean? It means that the VALUE of the remaining money will RISE. And what is the goal? Clearly stated, it is to get the dinar up in value BEFORE next June.
Now, you have to start somewhere before you get to BEFORE June, right? I think this article is saying that they are about to start. That means "free float." Sorry, *** but you lose and we win! Enorrste
I never once mentioned Article 8. I don't believe anything can be said about Iraq's position regarding international acceptance of the dinar from this article. What CAN be deduced is that they are planning for the value to rise.
Whether that happens before, during, or after international recognition of the currency cannot be deduced from this article.
However, it makes sense to think that it would coincide with international recognition of the dinar.
Next, it is easy to make a blanket assumption that "Iraqis are poor and can't afford to buy bonds." On what would you base that assumption?
As in all economies there are some who have a lot of money, and those are always the people who are bond buyers.
The same will occur in Iraq. It is also probably true that those are the ones who are still holding on to large denom notes, since they can afford them.
In short, I see no problem at all with the CBI offering to sell bonds. Clearly they are in a better position than you or I am in determining whether there is a potential market, right? Enorrste
Financial representative: on the Central Bank on monetary policy open
|On 2013-08-20 | Writer Anthony David Baghdad/Hamad Daham
The parliamentary Finance Committee stressed that "the primary cause of high dollar to Iraqi dinar lies in the political set by the Central Bank since the monetary policy pursued by the Central Bank with businesses and banks that deal with the Bank".
The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."
He said in effect that "on the Central Bank to reduce the size of the companies that deal with money raised in the auction, which will lead to the reduction of the value of the dollar and rely on open monetary policy without complicated procedures and controls and opening wider the hopes of State banks.
The banknote market has seen obvious variation in the exchange rate of the US dollar against the Iraqi dinar.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.alestiqama.com%2Fnews.php%3Fcat%3Dbusiness%26id%3D2816
"By buying or selling bonds, bills, and other financial instruments in the open market, a central bank can expand or contract the amount of reserves in the banking system and can ultimately influence the country's money supply.
When the central bank sells such instruments it absorbs money from the system. Conversely, when it buys it injects money into the system.
This method of trading in the market to control the money supply is called open market operations."
This is directly from the IMF. Now we have the CBI stating that they will move to "open market operations." They are, clearly, referring to the very quote above in terms of meaning. What does that mean for us? Here comes the good news, folks.
You all may recall that I had a debate with Din************.com in which they said, unequivocally, that it would be impossible for Iraq to reduce the money supply.
Well, guess what? The IMF has shown conclusively that "open market operations" clearly will allow the CBI to reduce the money supply. All they have to do is sell bonds!
Now, it gets better, because we know from many months ago that the CBI stated that their plan was to reduce the money supply, right? But we have always thought that the only way they could do that was to buy back the large denoms, right?
NOW we see that the means to buy back the large denoms is to sell bonds. People will buy bonds with large denominated dinars. The CBI will destroy them.
Therefore there will be no "coersion" as *** thought. It will be, quite simply, OPEN MARKET OPERATIONS! Duh!
They will be able to reduce the money supply by creating "debt" out of thin air, namely through selling bonds. The US has been doing this for over a generation. Iraq HAS NO DEBT, so their is very little risk for them in doing this, right?
The bottom line is that the CBI is announcing that they are about to follow the IMF "open market operations" program to a "T."
What does that mean? It means that they will begin to reduce the money supply! And what does that mean? It means that the VALUE of the remaining money will RISE. And what is the goal? Clearly stated, it is to get the dinar up in value BEFORE next June.
Now, you have to start somewhere before you get to BEFORE June, right? I think this article is saying that they are about to start. That means "free float." Sorry, *** but you lose and we win! Enorrste
I never once mentioned Article 8. I don't believe anything can be said about Iraq's position regarding international acceptance of the dinar from this article. What CAN be deduced is that they are planning for the value to rise.
Whether that happens before, during, or after international recognition of the currency cannot be deduced from this article.
However, it makes sense to think that it would coincide with international recognition of the dinar.
Next, it is easy to make a blanket assumption that "Iraqis are poor and can't afford to buy bonds." On what would you base that assumption?
As in all economies there are some who have a lot of money, and those are always the people who are bond buyers.
The same will occur in Iraq. It is also probably true that those are the ones who are still holding on to large denom notes, since they can afford them.
In short, I see no problem at all with the CBI offering to sell bonds. Clearly they are in a better position than you or I am in determining whether there is a potential market, right? Enorrste
Financial representative: on the Central Bank on monetary policy open
|On 2013-08-20 | Writer Anthony David Baghdad/Hamad Daham
The parliamentary Finance Committee stressed that "the primary cause of high dollar to Iraqi dinar lies in the political set by the Central Bank since the monetary policy pursued by the Central Bank with businesses and banks that deal with the Bank".
The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."
He said in effect that "on the Central Bank to reduce the size of the companies that deal with money raised in the auction, which will lead to the reduction of the value of the dollar and rely on open monetary policy without complicated procedures and controls and opening wider the hopes of State banks.
The banknote market has seen obvious variation in the exchange rate of the US dollar against the Iraqi dinar.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.alestiqama.com%2Fnews.php%3Fcat%3Dbusiness%26id%3D2816
On Tue, Aug 20, 2013 at 5:13 PM, Robert Green <rglitegreen1@gmail.com>
wrote:
Timster's you don't get it. Floats take time. They expect 'significant' contribution by then. That means the float will start ASAP.
Financial representative: on the Central Bank on monetary policy open
|On 2013-08-20 | Writer Anthony David
Baghdad/Hamad Daham
The parliamentary Finance Committee stressed that "the primary cause of high dollar to Iraqi dinar lies in the political set by the Central Bank since the monetary policy pursued by the Central Bank with businesses and banks that deal with the Bank".
The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."
He said in effect that "on the Central Bank to reduce the size of the companies that deal with money raised in the auction, which will lead to the reduction of the value of the dollar and rely on open monetary policy without complicated procedures and controls and opening wider the hopes of State banks. The banknote market has seen obvious variation in the exchange rate of the US dollar against the Iraqi dinar.
http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.alestiqama.com%2Fnews.php%3Fcat%3Dbusiness%26id%3D2816
By June 2014 it could be 1 to $1 so they can delete the zeros.
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