RV/GCR THOUGHTS AND OPINIONS SUNDAY AFTERNOON

RV / RI  Thoughts From Ishman and TnDr at TNT Sunday Afternoon.....

1/18/2015

 

IshMan:  The RI Window from Tues Jan 13 through Tues Jan 20... 

 

As we understand:

(1) Iraq has met all requirements to RI its currency;

(2) Iraq has the authority to RI its currency having been released from Ch 7 Sanctions;

(3) Iraq's RI rate has been authorized through IMF & BIS, with international support, at rates from $3.22 to $3.90 per IQD;

(4) Iraq's GOI has been recognized by the US and the West as stable & unified;

(5) All central banks were fully linked and synchronized last Tues/Wed Jan 13-14 in anticipation of the RI release;   

 

(6) Iraq has released its RI for public distribution through the US Treasury process numerous times, having been given the green light by the IMF, BIS, UST, USA Executive, etc., only to have the US Treasury public release stopped for any number of reasons (valid or invalid as the case may or may not be).

So, if you're the Iraq GOI and CBI, and

 

(1) You want to RI your currency in the light of circumstances summarized above;

(2) You had just witnessed the Swiss National Bank decouple the CHF from the EUR on its own and without any prior notice,

(3) Your domestic situation is untenable with a disparity of rates from 1166 IQD to the USD to $3.58 in markets and on Qi smart cards across your provinces,

(4) Your population and Parliament are beside themselves with interference in Iraq affairs by the US;

(5) Your provinces are on the verge of bankruptcy and citizens are protesting missed payrolls dating back to Nov 2014;

(6) Banks around the world are exchanging IQD at rates of $3.22 to as much as the mid-$20's while your population waits for the US to allow your sovereign nation to RI its own currency, and

 (7) You have an agreed time among key sovereigns, central banks, the IMF & BIS, while banks and law enforcement agencies across the world are on stand-by alert (AGAIN) for and to release the RI with a window from Jan 13 through Jan 20;  NOW THEREFORE would you wait until the window was almost closed to "pull the trigger?"

I think not.

Or would you pull the trigger early enough in the window that you could pull it several times during the window to keep the US Treasury and US Executives honest in their commitment to publicly distribute and roll out the RI worldwide?

I think so.

IMO, Iraq has already tried, or will soon try, to pull the RI trigger before Tues Jan 20.

In fact, it would have made the most sense for Iraq to pull the RI trigger concurrent with the re-open of the ISX on Sun Jan 18, as it has implied it is wants to do.

Did it happen?

Are we waiting for the international markets to open Sun night / Mon morn at 12:00 AM GMT?

Will this release by Iraq have been stopped again and force a wait until next Tues Jan 20?
Why would the US Treasury and US Executive wait for markets to open next week Tues Jan 20 when the 3 day weekend after the CHF blockbuster last week offers such a PERFECT WINDOW and FANTASTIC COVER for an RI / RV?

Are the US Treasury and US Executive that "ignorant" or arrogant to let such a FANTASTIC opportunity slip by?  I hope we'll find out soon.
If it doesn't go now, there IS something

real rotten in Denmark 

TnDr:  Good stuff Ishman, well laid out and logically presented.

What doesn't get much talk or analysis is the political side here in the US and how that attaches to credit for this thing.....

Scenario - with the State of the Union speech Tuesday, maybe the much sought after credit for an economic turnaround is the focus by this administration.

If they can somehow tie this thing up in a bow and take credit on some levels maybe that is what we need to wait for?

Maybe some kind of announcement during the State of the Union Address on Tuesday, connected to this administration being involved in major changes in rules and regulations in international/global banking, etc.....and some big moves they are approving will help out the middle class.......

Just a thought. And, Tony said something about a big/global announcement on Tuesday.

 

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Ishman:  Tndr. The Tues Jan 20 connection and previously planned Jan 22 nd announcements by worldwide central banks certainly plays into this.

And I agree with your premise that Big-O and the Dems would very much like to run on their policies having launched a true foundation for real economic growth. Great addition to the dialogue.

I think you are spot on the money here.

Seems like you've answered the question... and the description is arrogant.

For political reasons, which politics would have been supported if, the RI release was done on Jan 1 or even earlier... the RI has been held hostage.

True there were additional demands sought by the US from Iraq. And Iraq is better off for it.

Nonetheless, I believe the US has hurt its relationship with Iraq by not moving the RI forward earlier and continuing to apply pressure through relationship, rather than through "occupation" by camouflaged economic sanction.

In any event, let's hope between now and Tues we see the RI go public.

 

AMEN - ENOUGH IS ENOUGH IS ENOUGH.  GET WITH IT.