Mnt Goat says no RV announcement until the new Gov't line up

6-2-2014   Intel Guru Mnt Goat    Maliki is simple not getting the support he anticipated.  What I cannot understand is how some can still cling to the notion that Maliki has won a 3rd term as prime minister already. I do not expect that Iraq will take 5-6 months to form this new government as in 2010. This government should be formed quickly since they have been planning for this since 2012. 


  Two major, major events took place and both very significant for us dinar holders. The signing of the final paperwork for Iraq to enter the WTO and the amendment to EO 13303 freeing up the assets of the CBI,  now no longer under sanctions within the USA.  It is my strong feeling we are looking at possibly around mid July towards the end of July before we see the announce of the fully, functional, stable government. I do not expect to see any IQD revaluation international until just prior to or after the announcements of the new government line up. This I believe has to happen and this I believe will be the grand finale. I certainly hope it all happens prior to this date.

Nope, not the way it works. While the negotiations and steps taken to meet the conditions are confidential, once the working committee refers Iraq to the membership for final approval, the process becomes very public. Further once approved, the IMF treaty must be ratified by the GOI before they ascend to full membership.

The amendments under EO 13303 did nothing to free up Iraqi assets. EO 13303 protected Iraq from receivership, much like bankruptcy does for the individual or corporation. That's all.

I would be surprised to see any change prior to or during the month of July. There is just to much yet undone for any RV to occur then. So yea, once again the goat is FOS.

Will Rogers Quote: After eating an entire bull, a mountain lion felt so good he started roaring. He kept it up until a hunter came along and shot him.

moral: When you’re full of bull, keep your mouth shut.