12-21-2011 Guru Jonnywg we have a full update. Bank screens are 00.000 and the banks are screaming. We just got the inside scoop on the UST. There are multiple staff inside on lockdown. They are doing their job so no more complaints...they are trying to finish ASAP. The process is live and we are moving ahead. I cannot discuss the job other than we expect a great Christmas.
12-21-2011 Guru Med THEY [Iraq] HAVE PULLED 1 TRILLION DINAR OFF THE STREETS IN THE LAST WEEK ALONE THAT IS HUGE...THEY ARE SUCKING IN DINAR YES THE LESS ON THE STREET...THE BETTER THE VALUE...NOW I KNOW THAT EVERYONE WOULD LIKE TO HAVE PARLIAMENT HAVING APPROVED THIS [dropping zeros] BUT WE HAVE ALLOT MORE PROBLEMS THAN THE FACT THEY HAVENT...THIS IS THE WORST POLITICAL CRISIS IN IRAQ IN 9 YRS IT HONESTLY COULD SPLIT THE COUNTRY MALIKI THREATENED THE KURDS WHICH IS NOT GOOD...THIS WEEK WILL BE VERY INTERESTING THIS IS THE RISK PART OF THE INVESTMENT RIGHT HERE...
12-21-2011 Guru TonyTNT I was a tax auditor for the state of CA before. We looked up the new tax form. On Dec 31st they want to know how much Dinar you have in your possession. Why? This is for 2011. You have to list how much foreign currency you have in 2011. This has NEVER been on a tax form before...if it RVs before Dec. 31st, if you have it in your possesion and they are going to tax it, so if you are giving it away - do it now or people will be taxed twice on the 15% flat tax...I saw the form is out today... there is a 10K fine for EVERY MONTH THAT YOU DO NOT CORRECTLY TELL THEM HOW MUCH FOREIGN CURRENCY YOU HAVE, 10 thousand dollars!!!!! EVERY MONTH...and 40% interest you will pay for not reporting it!! They have thought of everything. PAY YOUR TAXES ASAP.
12-21-2011 Guru Adam Montana Lots of turmoil...we're going to see it get even crazier before they roll out the red carpet but it's something that simply has to happen, at this time, Iraq is still perfectly stable and I don't see anything to worry about so, in my opinion - the crazier the better! Because the sooner they get their affairs in order, the better and we all know the "status quo" of the last few years didn't spark the RV so I am excited to see some major news call it smoke, call it necessary, call it whatever you want - the bottom line is things are moving and I am happy with that.
12-21-2011 Guru Doc The majority of news still highlights our key triggers such as chapter 7 and HCl/currency which we see a favorable. Our main concern is the shutdown of Parliament till early January. While we do maintain backroom negotiations are continuing an official vote is what is desired. We continue to believe the RV is contingent on the lifting of chapter 7 from the perspective it is being used as leverage. As of today chapter 7 has NOT been lifted despite the super secret intel being touted. When you see it posted on the UN web site believe it. Because of the above, the probability of the RV occurring in the near term is extremely low and we do not expect movement until later in January at the earliest. We sincerely hope we are wrong but as usually we report and you decide.
12-21-2011 Guru TonyTNT ALL OF TH E CONTRACTORS who have contracts with Iraq were told this morning to GO TO IRAQ. Contracts are being activated now. Go NOW. No one is going to spend 10 years be rescue the global economy and let it fall apart. They found half a trillion Euros in Europe today and it saved the whole Europeon economy. Amazing, where did they find it. Do you think everything we have seen in the last 2 weeks, troops move out, do you think the world would let Maliki ruin everything for the whole world!!!! How can you undo all the money, contracts and worldwide things that have happened this week. You can't. I personally think it will happen before Friday.
12-21-2011 Guru Checkmate The news is so out there this week. No wonder people are upset. We are all hearing there may be a deadline on the 23rd. My opinion was things wouldn't happen at christmas but things are speeding up and their is an urgency today.
12-21-2011 Guru Adam Montana the fiscal year begins Jan 1. Since we don't expect to see a resolution to ALL of this by then, we're looking at LEAST 2 weeks out. I know the other sites are going to slam me for that, but I'm not here to yell "RV TOMORROW" when I know it's not going to happen. I hope I'm wrong about my timeline.
12-21-2011 Guru Enorrste It seems that the RV will come in gradually, starting at 1 to 1 with the dollar, then moving up from there, although I have no idea how long it will take to get to $3.50. They announced the issuance of a "new" 50 dinar note that will be introduced in the very near future. It will be worth 50,000 dinars at the current rate ($43) and will help to tide over the problems of removing the final 25000 dinar notes. The new note will be different than the current 50 dinar note, which is essentially worthless anyway. Then, as the remaining 25000 notes are removed other smaller denoms of the new currency will be issued, including coins. This could happen at any time, but most likely beginning in 2012 as stated in articles. Then a "float" would be allowed to let the new currency find equilibrium, most likely above $3.50, but the timing is up in the air (at least for me).
12-21-2011 Guru Okie_Oil_Man "THE UNITED NATIONS NOW HAS THE AUTHORITY TO STEP IN AS A 'PEACE KEEPING' ORGANIZATION. SOME SANCTIONS ARE GOOD MEASURES TO A ASSURE PEACE AND SOVEREIGNTY WITHIN A NATION. SANCTIONS WILL NOT STOP THE RV AND HAS NOTHING TO DO NOW WITH CH 7. THESE ARE GOOD SANCTIONS TO KEEP MILITARY ARMS AND 'FUNDS' OUT OF THE HANDS OF DE-STABILIZING GROUPS THAT WOULD CREATE PROBLEMS WITHIN ANY SOVEREIGN NATION. THE SANCTIONS NOW PLACED ON IRAQ ARE JUST GOOD COMMON SENSE SANCTIONS AND DO PROTECT ANY SOVERIGN NATION. SANCTIONS PROTECT THE BUS AND OCCUPANTS. THESE ARE PROTECTIVE MEASURES. NUFF SAID"
12-21-2011 Guru Adam Montana I want to let you all know that I don't think anything is happening before the end of the year, simple reason: The WORLD banking systems need to all be on board and ready to cooperate with a major change in the Iraqi Dinar and with Christmas, NYE, the withdrawal of the troops, the political MESS going on in Iraq right now - I just don't see it happening immediately. HOWEVER, don't despair! I'm not throwing the towel in by any means, in fact -Everything we're seeing right now is indicative of a major change coming soon, and I absolutely love it!
12-21-2011 Guru BGG Looks like it will be a little while...there is some political unrest that will take us into early/mid Jan. - I do think it will get handled - but I highly doubt today or tomorrow. It was plainly ready to go off - we should have seen it prior to Maliki showing up here in the US (latest) - however, he just had to stir up some last-minute drama (before he left). Looks like we're into January to me, JMHO.
12-21-2011 Newshound Guru Joey if you were going to RV your currency what you would need to do that...Wouldn't you want all of your banks and ATMS working so that our country could open up all at the same time...I think Shabs has been waiting for this to be completed...this actually unites all of the banks and would be KEY ESSENTIAL TO THIS RV...If you are looking at what needs to be done...this is the most important thing - this project started 3 years ago and will be completed by the end of this month...SUCCESSFULLY tested last week...this is about to make an international corridor throughout the Middle East and will tie all of those countries together.
12-21-2011 Guru Jonnywg I...received a call from a big 4 bank that the screens are still at 00.0000 but there was no update performed, the major currency update is at 3pm cst...I will call back... info is scarce today...we expect something to happen before Christmas one way or the other...There is no truth to the rumor that I have posted high rates last night...I still feel we are lucky if we get in the $3 range.
12-21-2011 Guru Bulldog75 AS OF NOW, DAILY, THERE ARE MANY MAJOR COMPANYS THAT ARE 'SITTING UP' INVESTMENT PROCEDURES AND SOME NOW 'ACTUAL GROUND OPERATIONS' AND 'DIRECT DOLLAR INVESTMENTS' INTO IRAQ. WE FOLLOW THE BIG MONEY AND THE BIG MONEY IS GOING "INTO IRAQ". ITS DOCUMENTED AND EVIDENT THIS EVENT IS ABOUT TO OCCUR. THIS SHOULD HAPPEN IN THE NEXT FEW DAYS, IMHO...WE ARE DOWN TO THE 11TH HOUR ...WE ARE HOUR TO HOUR STILL...STILL STUCK ON USA, 440.
12-21-2011 Guru Freeway Bill everything is moving forward - the UST, they have been cocked and ready to monitor this whole process and their system people have been on site and on call for several days now...a TEXT came in that the UST people that have been held to watch the system go through are to be done and released by 8am eastern time Standard time...AM Wed the 21st - this looks really good.
