*Misc Gurus 7-24-13

[Vixen]

7-23-2013 *TD ~Now can things change again? Of course BUT my source says that till now TURKI has not set a timeline of execution and that the countdown to ends has been announced!!! I will probably be silent for some time since my source says that security will prevail for awhile but I was allowed to post this awesome news of the clock finally starting it's countdown.

7-23-2013 *TerryK ~THIS I...GOT FROM MY WF [WELLS FARGO] BUDD. HE...CALLED ME AND TOLD ME WE ARE CURRENTLY POSITIONED LIKE NEVER BEFORE. THIS IS, ACCORDING TO HIM, READY TO GO AT ANY MOMENT. HE AND HIS STAFF HAVE BEEN ADVISED TO BE PREPARED TO WORK EXTENDED HOURS AND WEEKENDS STARTING TODAY [MONDAY]. HE...WOULD NOT TELL ME ANYTHING ABOUT ANY RATES BUT HE TOLD ME HE GOT THE INTERNAL EMAIL TELLING HIM TO BE READY FOR A INTERNATIONAL RATE CHANGE. NOW HE DID SAY THIS...I WAS SPOT ON WITH THE DONG RATE .47, .48.

7-23-2013 *TNT Tony ~We are hearing more and more about a possible update from the U.N. Once again, several people have confirmed what our group of resources has brought to us first. The banks are indeed ready, there was a computer situation yesterday, but it was quickly resolved. Bank people are indeed working extended hours today, but with one difference...They are not allowed to take a lunch today, they are expecting to be too busy (lunch is not at 12 noon). The announcement from the U.N. is being put together as I type this and you should be hearing about it later this evening. One way or another, the light will be turned on and we will see the end of the tunnel. There are going to be some options presented and some demands made, with immediate results we hope. Enjoy the rest of the day, but be alert and ready.

7-23-2013 *Doc ~Members of the Finance Committee was recently interviewed concerning currency reform. There were several very telling quotes which pretty well disprove much of the "RV is at any moment" rumors... Tamimi was quoted as "Development is the gateway to strengthening the currency. Thus, raising the value of the dinar is more important than the deletion of zeros". From this it is quite evident that 1) the currency will strengthen (raise in valve) only as the economic environment improves, and 2) raising the value and deleting the zeros are not the same event. Saleh continues this thought by saying "The deletion of three zeros from the currency means deleting three grades from the calculation records of the Republic of Iraq. The decision to implement the deletion of zeros next year is very dangerous and risky. This issue must be done at the appropriate time." He added, "We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year". What we gather from this is the probably of a float is much greater than a straight RV. This suggests Iraq will allow the rate to appreciate as the economy improves and then at the opportune time introduce the new currency with 3 less zeros. ...it is quite clear that this is the current plan. We also learn from the article that Iraq is not ready to even float the currency. Saleh was very clear to this point by pointing out the currency management and accounting systems still need reforming. This is exactly what we have been reporting when we refer to the infrastructure is not completely in place. Hence we now focus on passage of HCL, tariff laws, banking laws, etc. This pretty well negates the "RV at any moment" and "$3+ rate" rumors... While we wish Iraq would speed things up it does appear they are focused on doing this right with the long term view (3-5 year) of a stable, highly valuable global currency. We report, you decide.

7-23-2013 *BGG ~Article: "IMF recommends Iraq’s foreign exchange market liberalization" Sounds like to me – the IMF has about had it with the “dual currency” situation Iraq operates under. It would not surprise me they soon insist on the Dinar be the singular currency basis.

7-23-2013 *Bondlady ~Article: "Expectations the dollar collapse in Iraq" Quote "and the return of the real value of the Iraqi dinar to the dollar collapses reality in front of our national currency." to the dollar...collapses! collapses! in other words, they come out with the new rate and watch the dollar collapse around them as they all use the dinar, the dollar dies literally in Iraq. De-dollarization happens!

7-23-2013 *TD ~I just finished a very long chat with my GOI source. Remember Kuwait and "Well the King Died and thus NO RV? RI?." Well today CBI members and other GOI members put out their own versions of half truths. They are NOT ready to do a straight RV/RI to the 3+ rates of yester year . Their infrastructure and accounting & banking mechanisms WILL NOT support that. In addition their lower denoms & coins are still on order and especially the coinage will take months. What they are ready for is a FLOAT. And the whole world & IMF are indeed ready for Iraq to start somewhere. They are able to handle and manage that soon. As I reported earlier TURKI is on board to conduct the train from the station. Now today's articles CLEARLY spoke of them NOT being ready to Delete the Zeros (For the last time: FROM THE NOTES THEMSELVES!!) until the new fiscal year 2014 and so the only viable option on the table is they start the float. This part of the story is the FULL TRUTH. Now: wannabe dollar millionaires, your dreams are once & for all shattered but you should be dancing for joy at the prospect of a float because in this manner you have the potential of seeing ROI of better than the 10% - 35% ROI which is the strategy they had in mind up to now. [so if they float it why do we have to worry about a lop?] We don't that's the great news, they are forced to operate with the notes they have until the new notes become available probably now jan 1st . We will see better returns most people don't get that, they were stuck on no lop and rate to 3.5.

7-23-2013 *TerryK ~GOT A CALL... TELLING ME 3 AM WE ARE OR MAY SEE MOVEMENT...IT WOULD MAKE SENSE TO DO IT WHEN CBI OPENS... I WOULD EXPECT THIS IN THE AM AT THE RINGING OF THE BELL. I AM REALLY EXCITED ABOUT TOMORROW MORNING. I FEEL WE ARE THERE AND THAT'S AS CLOSE AS I CAN GET TO CALLING IT.

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7-24-2013 *Poppy3 ~All of the news is extremely encouraging. Everything is pointing towards what we need them to do. The people over there are wanting what they were promised. In order to become a member of the WTO, they have to RV their currency. They were given a deadline of 30 working days from when they were released from Chapter 7, which falls sometime within the first week to 10 days of August & Ramadan ends at that same time.The last day of Ramadan is a giving day, like our Christmas. That to me is a prime target day for what we are looking for. If they do not meet their goals, they can be put back under Chapter 7 sanctions. They are not going to let that happen. They know the deadline exists and are working day and night, having meetings till after midnight. Everything is pointing to the end time.

7-24-2013 *Eagle1 [via Bluestar] ~Secret Service eye-witnessed Dr Shabibi signing the release of the rate and the date. Dr Shabibi transmitted the info to Ban Ki Moon at the UN. Eyewitnesses saw Ban Ki Moon signing off on the same paperwork and transmitted it to the director of Forex. Director of Forex was then given permission to push the button. Administration has numbers already. Mainstream media reporting Iraq given permission to ring the opening bell tomorrow (...can't confirm that). They believe the CBI will release the rate tonite between 2am and 4am with the Forex to follow immediately to show UN operational rates of exchange. Might be in the banks tomorrow [Wednesday] but most likely Thursday!! We believe we are there finally!

7-24-2013 *Jester ~LOOKS LIKE THINGS ARE STARTING TO REACH CRITICAL MASS... A LOT GOING ON... I HEARD THEY TRIED TO ACCELERATE THE UN PROCESS TO TODAY BUT IT DID NOT HAPPEN... BACK ON THE ORIGINAL SCHEDULE FOR TOMORROW [WEDNESDAY]...[do you think the President of Vietnam coming to Wash has any importance for the VND to RV?] COULD BE... PRETTY GOOD TIMING I WOULD SAY...[Is the third person you have been watching in place as of now?] NOT YET... BUT HE IS ON STANDBY AND READY TO GO...

7-24-2013 *Enorrste ~Referencing IMF Documents: I'm pleased that the IMF thinks the fixed rate has been a success. Whoopee. At the same time, I hate it when they say the status quo should be maintained "for the foreseeable future." Let's hope they cannot see very far. On the positive side, though, they are clearly calling for Iraq to prepare to float its currency. It really can't get much clearer than that. "to accommodate a possible real exchange rate appreciation." It would appear that the IMF is expecting a gradual rise over time to some level, after which they will do an actual RV to a "real exchange rate." How cool would that be? I just wish we knew what they mean by "middle term." Is that a few months, or a few years? Only time will tell. Let's just hope the Turki brings the "surprise" he promised and that it is the beginning of the float process. Once that starts, anything could happen. Heck, we could get to $1 by January and then the CBI could RV to $3.50. Wouldn't that be cool?

7-24-2013 *BGG ~I think we are in the end game here and the fact that they are talking openly about it is just crazy good for us. It's virtually impossible for me to look at the trends in the news and not think we are in the end game. I believe it could happen from this very second to the first or second week of August. It looks really, really good right now.