*Misc Gurus 5-17-2014

[Vixen]

5-16-2014 *Aggiedad77 ~Article: "Maliki back from his visit to China and sends Shahristani instead of him and his office: the decision was made to use the time to form a government" Interesting twist on things within the State Law coalition today...Maliki won't be making the trip to China after all...Deputy PM of Energy, Shahristani, will be going in his place...citing that Maliki's plate is too full right now with the political agenda regarding the new government and how things will pan out for him...Maliki apparently sees the need to be in town for the election outcomes and obvious posturing that will take place after that...or...is his jet sitting on the tarmac warming up for a quick getaway.

5-16-2014 *DC [via Adept1] ~The US finally agreed to accept the rate after a LOT of back and forth. It was put back in Iraq’s hands. CBI and Maliki wanted to do some last minute announcements, and they did some grandstanding that took up most of yesterday. Now, today, live rates have been popping up through the world since yesterday morning, even down to the teller screens in different parts of the world. They have been turning on and off all afternoon and evening. Through this morning, we have had folks checking in many different countries, and some have seen the rates at the CBI, at the bank level, and occasionally at the teller level. There have been announcements in Iraq but there have been too many in the past, and people want them to stop talking and get it done. They announced in the mosques that they were opening the banks at 6 to allow folks to do some exchanges and for lower denominations to get out. That has been successful, although it is stopped for the date because it’s late there. One friend did exchange himself in Baghdad, and others have reported currency at a higher rate. I think things look phenomenally good. They have so much that points to the fact that this thing is right upon us and expected to go down now. [Are all the currencies we’ve been hearing about in the first basket?] I understand all the currencies are back in the first basket now.

5-16-2014 *Millionday ~[you think HCL is done?] we had a report in here about two or three months ago that said it was done and on the shelf waiting for funding and the progress for it to be activated -- they also stated the amnesty was done in that same report.

5-16-2014 *TNT Tony [viaAdept1] ~They asked Maliki to do some things. He was grandstanding but did send the last few things to parliament, and it was turned over to CBI yesterday. We thought the IMF would take over from there and get it going, but they have handed it over to the CBI who is now coordinating how this is getting out. There have been reports in different countries, and in the US, some banks actually had it live at the teller level. We know that yesterday it was trading on forex on a whole different level – they were excited at the sheer level of trading that occurred yesterday. Just got a text saying it went live in Germany after the banks closed. We know the new rates. We know they were at $3.71, then we heard they want to go out at $3.23 and go up from there. DC’s guy got offered $3.78 at a particular bank in another country, and that was this morning. The contract rates are still there for us. They say the VNN Is over two dollars at this point. We have received that intel from several sources. I’m going to be positive and say we’re on our way. Be ready!

5-17-2014 *Millionday ~Article quotes: "A cude oil pipeline between Northern Iraq and Turkey was completed late last year, and oil has since been pumped through it into storage tanks at Turkey's Mediterranean port of Ceyhan. Exports from Ceyhan, however, were on hold to give diplomacy a chance to solve a dispute back then between Baghdad and Arbil over the sale of Kurdish oil to international markets. On Tuesday, he [Iraqi Deputy Prime Minister for energy Hussain al-Shahristani] said that the sale of the Kurdish crude oil has now begun..." wow...this is huge huge news...they are going to sell it globally through the holdings in Turkey...so this is obviously huge progress and has global market all over it -- very good progress.

5-17-2014 *BGG ~Looks like they will announce the election results early...more articles coming out about this today. I wonder if this isn't why Maliki bailed out on the trip to China.

5-17-2014 *Enorrste ~Article: "In order to revive the Iraqi economy experts: the diversity of the currency basket is the best solution to address the low value of the dinar against other currencies" In my opinion this article is discussing how to tie the dinar into the world economy after it finds equilibrium rather than as a means to create an artificial value...the economist is stating that one of the best solutions to solving the low value of the dinar, and to bring it to a “real value,” is to float it against “the diversity of the reserve with the Central Bank.” It is this float that “will make us deal” with the true value of the dinar...he specifically states that before moving to a basket of currencies the dinar must be allowed to float based on “all economic activities” rather than just on an economy based on oil production. We may therefore dispense with the idea that this man is recommending an RV of any kind at all. Instead, he is backing the CBI plan entirely, but adding that at some point in the future, when the economic activity in Iraq is more broadly based, and only after the dinar has reached its “real value,” should a switch in “backing” be made from the dollar to a basket of currencies. The implication here is that the move toward tying the dinar to a basket of currencies is years away (after the float generates the required broad-based economic activity to “support” the “real value” of the dinar.