Doc says any legitimate bank or exchange medium will not require anything of the sort.

11-26-2013

Newshound Guru Doc

 There is an interesting ping pong match developing between the GOI and CBI. There are several articles in which various GOI persons are publicly calling for the CBI to immediately implement the delete the zeros project. In fact they are signing the praises of the program and also have economist echoing their position. On the other hand the CBI is now saying the time is not right. This is pretty much a turn around in positions from less than a year ago. What is interesting is Turki seems to be focused on a hand full of laws he wants changed or implemented before he will agree to the delete the zeros project implementation.

Our opinion is mainly the GOI is screaming for the project to move forward due to up coming elections in April. The CBI is basically saying we can not move forward until all the basic laws are in place necessary to support currency reform. Unfortunately Parliament is on recess until December 15 and nothing can get voted into law until after then. With that we maintain that real currency reform is most likely pushed out until February to April 2014 at the earliest. Hopefully the GOI will develop a sense of urgency as the elections approach. We report, you decide.

We can only laugh at the rumored NDA you will have to sign to exchange your currency. Be advised that any legitimate bank or exchange medium will not require anything of the sort. This is a legitimate currency transaction and will be treated as such under current regulations. We report, you decide.

Yea and the match has been going on for years ... time will tell.

I never did understand the NDA thing. How can something that is worldwide knowledge all of a sudden be silenced with this almighty NDA??

NDA is just another thing that the fake guru's can scam people with...

All I have to say is for the first time in this investment I am nervous..

I am nervous about the dreaded LOP and I am starting see some unfortunate possibilities of that..

I am also nervous because I think we are getting down to deadline time... I think within the next 6 months we will either know what we will get or we will be scrambling to save what we have.