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There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved

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There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved Empty There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved

Post by Ponee on Mon Jul 28, 2014 4:09 pm

There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved

RobPannier | July 26, 2014 | Dinar News | No Comments

There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved Iraq
Contrary to the stuff that the Dinar Divas are putting out, the reality is that there will be no revaluation of the Iraqi Dinar until the challenges of creating a working government are resolved. It is not just a matter of getting people selected to serve as Prime Minister and Speaker of the Parliament. There is a genuine need to create a governmental unit that can work together to resolve the issues the country is facing.

The new President of the country was selected, but it looks like Nouri al-Maliki will remain in the position of Prime Minister. Both the Sunnis and Kurds want him out, as do many within his own party, but that looks unlikely to happen right now. It is going to take a much larger group of Shiites to demand for him to resign for him to leave. While he is in, things are not going to improve drastically.

First of all it needs to be understood that neither of the other two political/religious factions trust him in any way, and he has not given them cause to do so. He has been ruthless at times, and very discriminatory against the Sunnis and the Kurds. He has come off, at times, as no better than deposed dictator Saddam Hussein. This is why the two groups find it hard to work with him, and very little of the important issues affecting the country are going to be resolved with him in this role. A new budget and the passing of the Hydro-carbon Law (HCL) appear very necessary for an RV, and neither looks likely with so much animosity toward al-Maliki.

Now that leaders and clerics from within his own party are demanding that he step down, there is a possibility of some real change. For the second time in the last month a prominent Shiite cleric urged him to step down and resign as the “caretaker” of the Prime Minister position. The question is how much he will listen to this. Arab dictators have a long history of ignoring their Muslim faith until it is politically necessary to embrace it. At this point, he has no real need to listen, so that may not be the key to getting him removed.

While all this is going on, the most dangerous part of this is the radical Islamic group ISIS. This group has been seizing large portions of the country, with virtually no resistance. Because of the government’s inability to come together to resolve any issues, ISIS moves about with virtually no resistance, taking land and threatening to turn the country into an all-out civil war. Little can be done to stop this, because few trust al-Maliki, and he seems incapable or unwilling to take action to stop them.

What all the Dinar Divas are missing in their over hyping of the “dinar will revalue tomorrow” mentality is that the country cannot afford to RV right now. First of all, if they do they would be taking the risk of giving ISIS fighters a vast amount of wealth from the RV. The government cannot take that risk. Secondly, no bank is going to back this currency right now, and give people a high exchange rate because tomorrow they could be in a full-out civil war, and the currency will be worth nothing. No bank is going to take this risk, and the U.S. government is not going to either. Therefore, it makes no sense for them to revalue at this time, and so they will not.

The government has to take care of the problem with ISIS and remove this threat immediately. The only way they are going to do this is by creating a functional government that can work together. That seems highly unlikely with al-Maliki in power. They need someone as prime minister who can be trusted by all three factions, and until that happens the revaluation is not going to occur.
By Robert Pannier

- See more at: http://dinarfacts.com/wordpress/index.php/there-will-be-no-revaluation-of-iraqi-dinar-until-government-is-resolved/#sthash.Bu8biRsa.dpuf






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There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved Empty Re: There Will Be No Revaluation of Iraqi Dinar Until Government Is Resolved

Post by Kevind53 on Mon Jul 28, 2014 4:44 pm

Agreed

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