More GOO-ROO-GOO!

by RELIX Fri Aug 02, 2013 10:36 pm

8-2-2013 Intel/Newshound Guru Poppy3   i also still am not sold that this will come out low and drift up. I KNOW DR SHABIBI IS NOT THERE ANY LONGER BUT I STILL THINK HIS POSITION WITH THE IMF IS IN A CONTROLLING AND SETTING VALUE PART OF THE IMF AND HE ALWAYS SAID MODERATE RATE CLOSE TO KUWAIT THAT THEY CAN MAINTAIN FOR 24 TO 36 MONTHS AND FURTHER STABILIZE THEIR ECONOMY COUNTRY WIDE. POPPY3

*** I KNOW DR SHABIBI IS NOT THERE ANY LONGER BUT I STILL THINK HIS POSITION WITH THE IMF IS IN A CONTROLLING AND SETTING VALUE PART OF THE IMF.

Now here is what I'm talking about. This guy has no idea of the United Nations, it's agencies, NGO's etc... The IMF has NEVER and NEVER will EVER be in charge of setting "Values or Controlling" currencies. They are what you might compare to the Mortgage Broker or Loan Officer. They negotiate the contracts and make the collateral agreements for the SDR allotment so what they do is push paper and negotiate terms. Poor Poppy...lets hope he gets well soon! ***

8-2-2013 Intel Guru TD     There are NO INTERNATIONAL BANKING LAWS STATING THIS CAN NOT BE SO. IT's THEIR SHOW AND WHAT WE WANT OR WISH FOR IS OF NO CONSEQUENCE. And proof of such are countries like Kuwait, Turkey & Lebanon among many who in recent history did exactly that. All investors will need to do is go to any major Bank...or a currency dealer and do a CE...within the window of time Iraq will officially announce soon otherwise your old notes will be worthless. [post 2 of 2]

*** Well Mr. TD...you are sort of kind of correct but not really. There are commodity laws that state a currency, once entered into the trading platform, cannot "float" more that 3% in any given 90 day period. So the crap about a low opening rate and rising to a 1-1 is idiotic. At 12% per year, it would take a decade before they could amass enough value to do business in the global marketplace. ALSO...it is a fact that the United Nations / World Bank does not allow any country to abandon a currency. To do so would make you a rogue nation, an International Thief, and that just isn't going to happen. The old notes will be out there and the new notes will be tradable until the job is done. In most cases, around two years is sufficient especially considering there are an estimated 24 trill in the market. If it turns out to be 30 day window, it will be a first. ***

8-2-2013 Intel Guru TD   Now with each passing day and the closer we are to boarding the train for execution of our CE several points are becoming better in focus. First, that indeed Iraq as a sovereign country is in charge of this affair. Proof of such is the ROI we shall receive and that by making the ground rules on how this is to be rolled out. The latest piece to fall into place is the very short window being provided to exchange the old notes to new ones. This applies to everyone in country as well outside although the exact number of days will be of small difference. [post 1 of 2....stay tuned]

*** UN - 101 : The WB makes to payout of SDR's to the borrower nation. That would be Iraq. The IMF writes the Note much like a mortgage. We lend you SDR's and you will pay us X amount per year or whatever time frame, or we will take X Natural Resources into receivership until you square up. Default and we take it all. The BIS makes the calculations as to what one currency is worth compared to another. Thus the name International Bank of Settlements. This is not hard stuff if you care to look it up. What are these guys problems. Ridiculous! Iraq will be in charge as soon as the contracts are signed...the SDR's are in the bank, and the BIS has arranged the rates and the RV is over. NOT BEFORE!!!***

Here is something that has actual relevance to this event. I'd say the Dinar is about to hit the fan.

Policy meetings to shake-up currencies: HSBC's Bloom

The currency markets will be thrown into disarray this week as key monetary policy meetings take place around the world, HSBC's David Bloom told CNBC.

[b style="font-weight:bold;color:blue;text-decoration:underline"]http://www.cnbc.com/id/100927289[/b]

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July 31, 2013, 10:26 a.m. EDT

Forex traders brace for 'monster' next few days

Foreign exchange traders are gearing up for an unusually tight schedule of market-moving events in the next few days that may provide a welcome jolt to the currency market.

[b style="font-weight:bold;color:blue;text-decoration:underline"]http://www.marketwatch.com/story/forex-traders-brace-for-monster-next-few-days-2013-07-31?siteid=rss&rss=1[/b]

Read more: http://www.dinarguru.com/#ixzz2arsStrC5

I forgot who said it but YES...this is a very TARGET RICH ENVIRONMENT!

by **Ponee** Fri Aug 02, 2013 10:39 pm

RELIX - I LOVE YOUR COMMENTARY ON WHAT EACH ONE SAYS! You argue the points with facts and info instead of just bashing. Nice job! You and Kevin could get a real good convo going sometime.