I first want to tell everyone that I sense and feel for all of you in your time of financial needs. I have been in this speculative currency investment now for over 10 years and so it has been a very long road for me too. I have heard of so many predictions as to going global timeframes. We have seen that some of these timeframes were in fact factual and others just idiotic rumors.
I had taken off 3 weeks from my news letter intentionally to work my gasthaus and used this opportune time because my connections told me this time would be a long lull in planning in Iraq and then March would explode with information and action. So here we are it is predictable.
Many of these RV timeframes in the past were stopped for various reasons, some of which were political and other economic. But one thing we all know as factual for sure in all this mess way beyond all other rumors and that is that Iraq can not survive long term as a closed economy (resulting from the 2003 Iraqi war) and thus MUST to get out of this situation they MUST someday go global with their currency.
The IMF has told us in many articles Iraq is now working under article 14 of currency reform (their UN member charter). Soon they plan to move them to article 8 of currency reform, which is the normal level which most countries operate under a globally recognized currency.
Today I bring you amazing news concerning this topic and a super duper golden nuggets of information.
I am very excited today and so should you all be. You will want to read this news letter today in its entirety. I believe we are on the cusps of something really BIG. Could it be what we all have been waiting for and the reason for this news letter over these many years of publication? Finally! So what is our new RV window?
Read on I will tell you.
Today is Wednesday March 8th 2016. Still no RV. Sorry!
Update: Iraqi Corruption - The Shake Down Begins
In today’s letter I am bringing you some amazing news and articles to back it all up. We are heading in a very good direction as Iraq is about to get out of this period of corruption and to restore law from the law of the jungle, as Abadi has noted in the article below. This prime minister is not going to give up on this effort.
The amazing part of these articles I really like and that is he is telling everyone in the open that he is coming next for the big heads of corruption and to put them behind bars."
This is a real shake down and will be very interesting to see how it all turns out in the coming weeks. Stay tuned more to some.
ABADI: SOME WANT THAT ALL HELL BREAKS LOOSE AND THE LAW OF THE JUNGLE PREVAILS
Monday 07 March 2016
Prime Minister Haider al - Abadi, Monday stressed the importance of opening the files of corruption by judges of integrity despite the pressure that Ausbandoh, and among that "some people want that breaks down everything to restore law of the jungle", stressed the importance of the corruption of the regulatory agencies do not reach.
He said the Prime Minister Haider al - Abadi said in a statement received by the agency Nun , news reporting, a copy of it, during a meeting with a number of judges of integrity that "corruption in which capital base is necessary to eliminate corruption and its leaders , " noting " the importance of cooperation between the executive, judicial and legislative authorities to eliminate corruption and it is important that there will be big heads of corruption behind bars. "
He stressed Abadi on" the importance of opening the files of corruption by judges of integrity in spite of the great pressure they face. " He called on al - Abadi to" resolve the files opened quickly , "pointing to" the importance of that is not up corruption SAI and hit a strong hand on corruption. " He said the Prime Minister that" some people want that breaks down everything to restore law of the jungle ,"noting that" we will succeed in our mission and we will work according to the law and we must focus on the law and law enforcement without fear of one .
The Prime Minister Haider al - Abadi, called on Monday to " the head of corruption" hit in the
state, and the "real revolution" against him and opened big files, and while stressing the importance of the Supreme Council for the fight against corruption in the prosecution of corrupt, pledged to provide the necessary support for him mentions the Prime Minister Haider al - Abadi, called in (23 September 2015), the judges of integrity to “strike hard and achieve justice and not to allow corrupt evasion, and while stressing on the need to confront them because they are " more dangerous than cancer" and trying to buy receivables, stressed the need to develop strategies to help to deter corruption and to accelerate the solving these issues.
ABADI: WE WILL START THE TOP OF THE HEAD OF THE CORRUPTION IN THE STATE REGARDLESS OF HIS POSITION OR HIS PARTY
By Wab4 - March 7, 2016 17:30 0 27
BAGHDAD / WAP / urged Prime Minister Haider al-Abadi, on Monday, the Supreme Council for the fight against corruption to start the top of the head of the corruption in the state regardless of his position or his party.
Ebadi said while chairing the Supreme Council anti-corruption meeting, according to a statement News Agency Baghdad International / WAP / received a copy of it, "we will be able to eliminate the corrupt and should not fear them and we start the top of the head of the corruption in the state regardless of his position or his party, calling for a real revolution against corruption and grand opening files of corruption. "
He said that "the important role of the Council during this period in order to prosecute the corrupt and we will provide all the support we have," noting "the importance of the corrupt to feel intimidated by the presence of hand hanging over him and those Stjteke weak as we stood together."
He called on the Prime Minister to "disclose all funds and prosecute corrupt, pointing to the importance of walking these procedures to build a state on the basis of sound politics.
KARBALA BACKSTAGE MEETING: IT WAS NOT "FRIENDLY" AND PARTICIPANTS INSISTED ON THE "ABSENCE" MALIKI
BAGHDAD / obelisk: MP from the coalition of state law Kazem Sayadi, Monday, that the meeting Sunday was held in the city of Karbala between Prime Minister Haider al-Abadi, leaders of the National Alliance, "was not cordial", between that there is a "real and deliberate Ngyiba" to Prime Minister the former president of a coalition of state law, Nuri al-Maliki for the meeting.
Sayadi said that "what we heard and the steady drumbeat to our ears that the meeting was not cordial, but there were crosses and visionary approach in building the future state mechanism and Heya technocrats."
He explained that, "There were two approaches are very important on the technocrats, the first is to change all government cabin, including al-Abadi, the second is to change the cabin technocrats but the choice of ministers is done by political parties."
When asked why he did not attend the former Prime Minister and Chairman of the coalition of state law, Nuri al-Maliki to the meeting, Sayadi said, "Unfortunately there is a real and deliberate absence of the owners," pointing out that "all the political blocs agreed to absent."
He added that it was "imperative for the brothers negotiators to attend al-Maliki as head of a coalition of state law and has a very large fan base," noting that "some of the blocks and put al-Maliki did not attend a requirement to attend."
The Prime Minister Haider al-Abadi held, on Sunday (March 6, 2016), held a meeting in Karbala with the National Alliance leaders, who cleric Moqtada al-Sadr and the head of the Supreme Council Ammar al-Hakim, the head of the Alliance Ibrahim al-Jaafari and Khodair al and on the Keywords and Hashem al-Hashemi, Hussein al-Shahristani, and Abdul-Karim al-Ansari, in order to put an integrated document and a roadmap for comprehensive reform.
The National Alliance MP Ali al-Badri, on Monday, that "the meeting of Karbala," did not include all the parties to the National Alliance, noting that the absent parties are "impressive."
Pure propaganda – watch out for it!
Yes – some Iraqi news channels are still insistent on pumping out propaganda to other news media for us to read. Here are a couple examples. However we know better, don’t we? Please ignore this all this crap.
Here are just a few of these recent articles being intentionally pumped out to the general public by those who do not want Abadi to succeed. They are doing this because, if he succeeds, he is going to put them behind bars and they lose in this game.
Do you notice all these articles are pushing out timeframes or trying to convince us of something we know is not factual as common elements?
Collect deputies from different blocks on the lack of a clear vision of the Prime Minister Haider al-Abadi to achieve the reforms advocated by the Iraqi people - really?
US officials rule out liberalization of Mosul during 2016 – really?
It will take 2 or more months to complete the overtaking of Mosul – really?
Maliki has retired from politics – really?
Oh but I thought Maliki retired from politics? Certainly the previous news we heard on Monday can’t be propaganda…lol…lol. Really? Than why worry about him? See article above. You see he will never let go until he is either in jail and fully prosecuted. Also late they can not let this man run wild in the middle east since he will pop up in yet another country and cause more havoc. It will be endless. He and his goons must be dealt with for the crimes he committed but Abadi wants to keep politics out of it and do it lawfully using the judicial system.
So to also emphasize corruption in our own dinar investment backyard I will stress too the CBI actually told us out straight that they plan to inform the people on an ongoing basis the steps in the currency reform process. They seem to be doing just that. So we do not have to listen to nonsense about “funds being moved around” or “people already being paid out”. This other stuff is all nonsense with motivation to get you to buy more currency. Folks this is corruption and there is no other way to say it. It is all scams being perpetrated on you. I also have warned you in the past about this gross speculation on these other currencies (this GCR stuff) especially the Iranian Rial, Vietnamese Dong and Zimbabwe Zim. These perpetrators will be brought to justice too for their fraud as we are slowly seeing them being rounded up and charged with fraud just as I said would happen.
Why are we any different?
Update: Monetary Reform- The Countdown Begins
The articles below are golden nuggets of information for us today. We need to closely look at these articles and see what they are telling us. We know that for months now the IMF has been working with Iraq bringing in economic and financial experts from all over the world to help resolve their economic crisis.
As of lately we know that even Allen Greenspan is in Iraq and working closely with Dr, Shabibi at the CBI. I have been bringing you so much information on the developments of this financial sector path in my recent news letters. I have been mostly concentrating on these matters. We are now seeing the results of all these agreements, MOU and mandates of the recent past.
So what solution did they determine will now help Iraq?
The article below is telling us they are about to go global with their currency. Yes – you are hearing it correct, but only if this article is telling us the facts and not rumors. I have no reason to believe this article is propaganda or rumor but is FACTUAL. We will see in the near future.
We know that when they do go global they will have to list the new rate on the currency exchanges and trade the currency on the global exchanges. Then also the banks will have the new rate and we will be allowed to exchange our currency at the bank as we have been desiring to do for so long. The IQD currency will essentially be out of Article 14 and moved to Article 8 of the UN charter requirements for member nations. See article below. They will probably put the currency on a float.
What will this do for Iraq?
- move credit rating to class “A” (talked about this in my last recent news letter)
- will bring investors to buy Iraqi Bonds
- bring in investors to ISX
- bring liquidity to the banks of Iraq (recent articles are telling us they have a major liquidity problem AGAIN)
- ability to work within the World Banking system
- become a full member of the WTO and with all its benefits (such as loans)
- tie into global markets
- achieve the final plan for customs and tariff collections (remember I said this revenue alone could rival the oil revenues alone)
- You may never hear them call this effort a “revaluation” since this is the result of their action for us investors when the currency is placed on the international currency exchange markets. As I have told you they will guide us through their actions with the currency and they are now doing this for us.
The focus of the conference on the financial banking and investment industry in Iraq's development, and is limited to the purpose of organizing this conference to develop the infrastructure of the banks and financial institutions in Iraq through the activation of cooperation between the Iraqi and the central ministries and banks Iraqi and relevant financial institutions on the one hand, banks and international financial institutions and international investors on the other hand .
I did not include the entire article in today’s news letter but if you want to read it all here is the link.
Did you read this correctly?
I quote from Iraq they are calling the conference- "Gateway Financial Inclusion and a pillar of sustainable development of the banking sector".
What does the word gateway mean to you? To me it means “entrance” or “entering” as to walk through a gate to enter.
So let us change a word or two and redo their slogan to “Entrance to the financial inclusion and a pillar of sustainable development of the banking sector”. Wow! Do you get what they are about to do? Do you see what is happening here? Do you see what this conference was all about? I am very excited.
Oh – but there is also the word “sustainable” in the title of their conference. So who is really behind this conference? Could if be the UN and their lofty goals for helping the middle east on sustainable development for economic growth (as well as other sustainable goals). It has been many months already since I brought you information on this effort by the UN on sustainable growth for developing countries. Do you remember? At that time I linked this effort to what is happening in Iraq and what needs to happen in Syria and Iran.
Here is the link again.
go check it out for yourself if you don’t believe me.
BAGHDAD - Hussein al - Tamimi Tgb
Financial specialists continue in their efforts in economic affairs in the search for ways to resolve or reduce the impact of financial distress on Iraq.
Specialist on global stock Osama Mahmoud said that multiple solutions and pointed out in an interview that the most important solutions to the current crisis is to enter into the world of the stock market and it can be to buy the local market requirements of global markets through it and thus encourage investment in Iraqi dinar and thus the amount of hard currency out into the world markets.
Adding that he Aaufer citizen support in food prices, where the purchase of food commodities product President and international prices without the presence of mediations increase the cost of Article food.
A second income either solutions to be provided by the stock market simple citizen is represented few savings simple citizen and could be a second source of income which can use these savings in the stock markets and thus achieve financial gains not too bad to be helped him in improving the personal financial situation, as well as the availability of goods President that the citizen needs a president in his daily life at constant rates unchanged in value, and given the economic stability of the citizen away from the greed of money exchangers / traders who controls the destiny of the people by manipulating prices under the pretext of changing the Iraqi dinar exchange rate.
Price changes and passes Iraq a severe financial crisis as a result of the country 's dependence on oil as the main source of funding and thus put the country 's economy likely to fluctuate with changes in oil prices in global markets, and with lower prices to record highs , the oil market has not seen since the nineties of the last century, it has become a critical situation in the economy, with an estimated deficit in the Iraqi budget according to the latest official statements by about 34 billion Iraqi dinars.
If this isn’t enough of very good news let me shock you with yet another golden nugget today. Are you ready for this one? This too is a huge one. Hey I feel like its November 2015 all over again. Do you remember the news back then and how good it was? We all thought they were going to pop out this RV any day.
So what is this next golden nugget?
First let me say that in November 2015 (and in 2005) the told us that they needed to issue yet two more denominations including the 50k and 100k notes. These notes would remain in circulation forever along with the new lower denominations. So in early November out popped the new 50k notes. Then they told us to watch for March for the new 100k notes and this would conclude their currency denominations going forward. Then they told us the next step would be the launching of the newer, lower denominations.
I quote from the article below – “The central bank announced earlier to issue a new edition category of 50,000 dinars, while likely to issue another edition of 100,000 dinars category”
Well folks…here is an article telling us more about these newer 100k notes. THEY DECIDED TO CANCEL THESE NOTES. Why?
I quote from the article –“ He added that if the central bank went to the issuance of 100,000 dinars, it means that the central will cancel the small denominations of currency. This does not serve the economic situation in the current circumstances”
Please read fully the article below.
PARLIAMENTARY FINANCE EXCLUDE THE ISSUANCE OF CENTRAL BANK EDITION 100 THOUSAND DINARS
BAGHDAD / JD / .. ruled the parliamentary finance committee, the Central Bank issued a new edition of 100,000 dinars category along the lines of 50,000 dinars for the time being, saying that if the issuance will be annulled and some small groups.
A member of the committee MP Sirhan Ahmed told / KD /: that the committee recently met with the Governor of the Central Bank and his accompanying delegation and discussed with him several issues, including the issuance of new categories in the Iraqi currency, indicating that the central bank governor stressed the importance of the issuance of Class 50,000 dinars on the market because of their many benefits, but he did not touch on the issue as another big category of 100,000 dinars.
He added that if the central bank went to the issuance of 100,000 dinars, it means that the central will cancel the small denominations of currency. This does not serve the economic situation in the current circumstances.
The central bank announced earlier to issue a new edition category of 50,000 dinars, while likely to issue another edition of 100,000 dinars category.
So let’s talk more about this article. What does it also tell us?
It is telling us these financial experts are helping the CBI determine monetary policy. So we confirm once again this currency leadership in the CBI does not know what it is doing. For the benefit of monetary policy going forward the IMF (with consultation of the experts probably Dr Shabs and Mr, Greenspan) just excluded the 100k notes from being launched because it would be counterproductive to what that are ABOUT TO DO.
So what is it that they are about to do?
Folks they are about to LAUNCH THE NEW LOWER DENOMINATIONS ! Get it ?
Now for one more golden nugget. Hold on to your seat for this one….Wow!
The CBI just published an article telling us the newer 50k notes, just launched last November 2015, will remain in circulation and will not be deleted. Why are they now telling us this?
They are telling us this now because they want to educate the people that this note is not going away after the launching of the new lower denominations. Also they want the people to know that the other 3 zero notes too are not going away and will remain legal tender and they can use them too, if they have them. There were rumors in Iraq that once the lower denominations were launched the older 3 zero notes would become illegal tender. NOT TRUE! And we all know this is the case as outside observers but remember these articles are not for us but for the Iraqi citizen. Both classes of these notes will coincide for many years to come, however the banks will start collecting the 3 zero notes in the “project to delete the zeros” but this action will be gradual and almost unnoticeable over time, as the notes are turned into the banks. This is the transition phase of the monetary reform process.
See article below. It is hard to read…sorry for the bad translation but even the article title tells it all.
THE CENTRAL BANK WILL NOT WITHDRAW ANY CLASS OF TRADING AFTER ISSUING 50 THOUSAND DINARS
The CBI said on Wednesday that the issuance of 50 thousand dinars category will not be accompanied by the withdrawal of any other category of trading, noting that the issuance of the new category does not affect the economic situation.
The bank said in a statement, "The new banknote to the category of 50 thousand dinars will complete the series of banknotes in circulation is currently and will increase its ability to meet the requirements of the public, and that the issuance of this class or any other class would not accompanied by the withdrawal of any class of trading."
The bank said that the "Print banknote and put it in the trading process (released) are not linked to the issue of public spending has no connection to the state resources or to strengthen their capacity to spend," he said, adding "there was no link between what is marked by the Central Bank of banknotes, and between the cash version achieved as a result of withdrawals from banks balances has. "
He continued, "The issuance of this paper or any paper higher value or lower is not connected with no impact on the economic situation, or in inflation or deflation."
The bank announced in November 11 this about issuing new banknote fifty thousand dinars category, attributing this to the completion of the Iraqi banknotes structure and the development of high-value category in circulation.
Having said all this about the development of Iraq moving into article 8 we all now probably want to know just WHEN will this all happen….right?
All I can say is the decision has been made and I believe we are right on the time table I gave in my last news letter. All indications are telling us that mid March thru mid April may be a timeframe for this event to take place if not prior. Today is March 8th already and so we may not be too far away. Thus our next window of opportunity for an RV could be between mid March and mid April. I certainly hope this is the very last window I ever have to bring you.
So what might we expect now for a new IQD rate?
Of course we know the rate will come out as a float at first and will be lower than expected. I have told you this many times. Many are calling this a “sucker” rate $0.90-$1.14. I assure you this is not their intent to “sucker” you to exchange. You as investors are the lease of their worries in this transition. You simply may be able to exchange if you want but why would you not hold off until the market drives the rate up or the official “revaluation” takes place?
I also know for a FACT that Kuwait has recently requested a rate increase to $4.12 on their dinar currency and need to do it before the end of March. We all know that when the true value of the IQD finally comes out it will be higher than the Kuwaiti dinar in as much as $0.25 to balance out currency rates between these close trading partner countries.
So how will this transition work?
They will then launch the lower denominations to overcome their inflation problem and slowly make the transition to a global economy. Remember citizens are now walking around with pockets full of the three zero notes namely $1k, 5k, $10k, $25k notes, especially after a government payday. Nearly 75% of all jobs in Iraq are government related. How will they collect these 3 zero notes and get them out of circulation?
Well first they will try to schedule this currency swap in between paydays when they feel the average citizen has spend most of their currency and need to get paid again to survive. When they do get paid again it will be on the SMART cards (cashless with new rate) or by cash using the newer, lower denominations. Since the rate is much higher I am sure there will be rejoicing and not complaining.
I am told also the adjustment of banks loan repayment contracts (amounts to be paid back) in the banking systems too has been ongoing and is now ready. So this too is a good sign for us.
It is my understanding that once any of these older 3 zero notes hit the banks they will be collected and turned over to the CBI. As demand increases for more money, the newer, cleaner lower denominations will be used. The banks will constantly need more paper and so, instead of going to the CBI, as in past with the 3 zero notes and getting US dollars (money auctions now end), the banks will conduct a 1:1 exchange for the lower denominations using US dollars or the 3 zero notes with the CBI. They will get newer lower denominations. As more money is demanded to pay foreign debt as companies and importers will demand, this will suck more and more of these 3 zero notes and US dollars overtime since they can now only trade in the newer, lower denominations. Can you now see why they had to issue the 50k notes when they did. These notes will remain in circulation even after this transition. Also remember some of the 10k and 25k notes too will remain and be used by the banks at first but only the ones not all worn out. These are not expected to be used everyday either by the average citizen since they would be a huge liability and invitation for robbery if carried around.
I am told to look for an announcement for the ending of the money auctions.
Some are saying the older 3 zero notes will become illegal tender after a certain date?
This is not problematic. This is however probably one of the most controversial and confused information being passed around. Once again these so called intel “gurus” have stiked and have messed and muddled up everything with their hair brained way of telling you information.
They need to hype you up and to keep you coming back to the forum and intel calls. They need to get your scared then to calm you down. Why? They need your ongoing donations. They need you to keep asking the same questions over and over again on the Q and A.
So now let me clarify this question for you now once and for all. Now you can stop your donations since I am giving you this information for FREE.
Yes this is true and there will be a time limit but they also told us these older notes will coincide with the newer notes for many years to come and so I would not worry one bit about them expiring as far as you as an investor is concerned in the timing of your exchange. Are you planning to wait to exchange for years down the road post RV? Why? Not a worry so relax and tell all your friends also to relax on this subject matter.
These old 3 zero notes will never be meant to hit the streets again once collected. There will always be some US dollars in circulation too but after the global transition they will use the new currency to pay their foreign debts and NOT US dollars. The need to force them to use US dollars for trading with foreign countries will no longer be the case since Iraq will no longer be in a “closed economy” and be now in article 8. They will have a tradable, international foreign currency of their own. The demand alone just on foreign debt payments will drive up the rate way beyond the current 1166-1180.
Does this sound like the completion of the “project to delete the zeros” to you ? Hey! I am excited too!
The plan still remains to wait 1-2 weeks on the float first before moving out the true full revalued rate (we all expect to see). So you see YES there will be a “revaluation” but later. First they need to stabilize the rate and adjust the economy. Call it whatever you want but the initial $0.90 – $1.14 rate is not an “official” revaluation in the terms of the IMF. Get it ? So when I talk RV I am always talking in specific IMF terms meaning the final full “official” revaluation.
Update: Fighting ISIS
Many articles in recent times have given us confirmation that the battle to retake the Mosul is now ongoing and is concluding. We know this battle has in fact been ongoing now for weeks already.
One more item today:
Most importantly please, please, please let’s not forget to keep praying for the success of THESE IRAQI AND COALITION SOLDIERS. I believe our prayers are in part some of the acceleration of the process we are now witnessing.
Remember too to pray to the princess of peace – Our Blessed Virgin Mary. She has the ear of Christ and she can intercede in heaven and bring us the peace we all desire here on earth. We can not do it alone. I believe that if we all make this our daily prayer you will see change. It is already working even in the short time since I have been publishing this prayer section. It does not matter what religion you believe, if you pray then to your oven beliefs entity it is still the same powers and good for all of mankind. Ultimately it is all the same God anyhow.
“Lord, protect Abadi and all who stand with him in righteousness, the Iraq and coalition soldiers who are fighting the good fight against terrorism, that they would be shielded from the enemy and would be victorious against them in the battle for Mosul! We ask that the victory comes swiftly and healing of the Iraqi peoples and all whom have been effected by these evil doers can begin!
We pray for the process of the currency reform, the full implementation of the Iraqi economy to full international status and the bringing of prosperity and wealth to its people“ Amen!
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All,