Jan 19, 2012
Highlights/Summary & Replay of CC
Thanks to Mark for the summary
Highlights & Summary of Tonights News:
Mike summarizes tonights news:
Nothing but more positive news....moving right along...
Lots of bickering going on still..when you read the articles
Understand Things may not seem as bad as the they seem
when you read news articles about these things compare it
to our elections over here...having debates...crisis over budget etc
same as here in the US ...that is what you asre hearing over there
There is lots of movements..thats what we want to see
we need to get everything in place..passed and moved on...very key
I believe these are the finishing steps to get everything in place so the currency can properly RV and do what it can...as we have seen in the past they can adjust the rate and they can do it at anytime
Parliament in session on Saturday...
Mike "ALL PARTYS NEED TO BE READY"
Extremely good stuff going going on last couple of days
Over the past couple of days...This being the 1st rate adjustment
CBI made-I am sure that there were lots of shockwaves sent thru the economic commuinity as they started to do this
and possibly people might have thought this rate was the real rate for the RV
We know why they went from 1170 to 1166..basically for the CBI to kinda show whats going on...truly an adjustment they made because the American dollar has gotten a little bit stronger...so they can try to slow down the amount of people coming in and they can take a few more dinars off the street...
such a small amount that it kinda really shows the political people that
they can do this with or without you from that standpoint
Good movement with the Budget and moving thru the political process
We are starting to see movement on 140 and agreement on 140
We want to see them agreeing on small things and small steps
Ultimate smoke screen before they do anything...I believe they are going to be bickering up to the bitter end
We will have some sort of RV/Reinstatement
and you will start to see the parties will make up
They will probably not put it out there
They are still very new to the political process
Sometimes they let things sneak out and we can get some juicy bits from
the newspaper like we did from the CBI
Can the Kurds force open the budget
Thye dont have the power to open up the budget
The only person is Maliki and I dont think M wants to do that..
they have him between a rock and a hard spot
If they show up and 140 is not done and force the budget thru
it would hurt what he is trying to do in the long run
I would assume you are going to get agreement on the budget to move that forward
We talked about where Erbil HCL and 140 - We are starting to see they really want to do that and to move forward
Outside influences...We can see Iraq acting as a sovreign country
Diplomatic ways are the ways people are putting pressure on that
The UN really doesn't have any pressure to put on them other than wanting them off sanctions and get them out and going
The UN will not have anything to say about the RV
Truly the only ones who have anything to say about that is the CBI and where they are at and in conjunction with the IMF and they will do that at a time they consider as perfect time for them to do that for their country and where they are at
Does the US have any influence on this RV? I am sure we have some but whether they have it over when where and how to do it...
I believe in my own mind Iraq is in charge of that process
they will do it when they need to do it for what they need to do it for
We can apply political pressure on any country we want to help force them down to a point where they can do things
but when it comes to a monetary policy of a country we really dont have that much influence because they are a Central Bank they are not associated with Central Govt...
They are truly independent just as our fed reserves is truly indep from our govt...Most people dont know that ...because it has the word fed in it
Really acts by itself in conjunction with the govt in our country
but there are times they will go out and act on behalf of the economy and not on behalf of the politicians
Truly the IMF and Shabs/CBI are in charge of all this..
We've seen movemenmt in all of the areas we thought we would see movement in.....we really want to see these things passed and they are moving these things along....increment of a couple of days to move things on to vote
But Eventually they are going to have to vote and get these things done
because the success of their future depends on it and they all know that
and these games are going to have to come to an end VERY SOON..
Again Looking forward to the news this week...we should find out what has been accomplished and negotiated..should be big news week coming up...........WE'VE ONLY JUST BEGUN
Listen to the call for all of the comments about the following articles discussed.
Delete the three zeroes from the Iraqi work you will warp the Iraqi economy
Economist: Iraq's economy vulnerable to the global economy variables
Bank: the launch of credit cards, various blocks will reduce the cash
Parliament completed the budget discussion .. And the completion of final accounts
The central bank raise the price of the Iraqi dinar against the dollar by 3.4%
Iraq cabinet okays 2012 budget at $100 billion
House of Representatives vote on a law supporting small income-generating and resume discussion of the federal budget
House of Representatives begins its budget and the absence from the agenda
Saad calls to speed up passage of the law of oil and gas
Parliament continues to debate the draft budget today
News Articles Link
What a great night of news, analysis and discussion ...listen to the call for all the rest of the news shared - it was great news....we are getting closer every day......GET R DONE
Conference Call Replay - Jan. 19, 2012
760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
Every Tues, Thurs & Sun 8PM EST
760-569-7676 769478# or 712222#