backdoc » October 17th, 2014, 10:18 am
AS FRANK SAID, THE MALIKI GRIP ON POWER WITH THE STATE OF LAW GROUP IN THE NATIONAL ALLIANCE NEEDS TO BE BROKEN.
IT SEEMS TO BE THE LAST BLOCKADE TO THE MINISTERS BEING BROUGHT FORWARD TO BE VOTED ON!
THE GOOD NEWS IS MALIKI LOOKS TO BE OUSTED AS THE LEADER OF THE SOL.
THE REMOVAL OF HIS IMMUNITY AND AND ARREST MIGHT DO THE JOB!!!
WITH THE STOCK EXCHANGE SHUTTING DOWN ON THE 19TH TO THE 26TH, I'VE NEVER BEEN MORE HOPEFUL FOR AN INTERNATIONAL RATE!
HERE'S THE POINT:
AS SAGER STATED SO ACCURATELY, ONCE THE IRAQ STOCK EXCHANGE GOES LIVE ON THE INTERNATIONAL PLATFORM THROUGH THE NASDAQ A RATE MUST BE INTERNATIONAL!!!!
THAT'S THE GOOD NEWS!!!
THE BAD NEWS IS IF THEY FAIL TO RESOLVE THE SEATING OF THE MINISTERS, THE MARKET WILL NOT GO INTERNATIONAL!
THE PRESSURE IS ON THE NATIONAL ALLIANCE TO COMPLY ON THE MINISTER ISSUE. REMEMBER, THE KURDS ARE WATCHING AND WAITING TO BE "ALL FOR ONE AND ONE FOR ALL".MY GUESS IS THEY WAITING IN THE WINGS OF PARLIAMENT.
ONCE THIS FINAL ISSUE IS RESOLVED WE WILL SEE THE BING,BAMM,BOOM!
REALIZE THIS ALSO MAY RESOLVE AND HAPPEN AFTER THE 18TH AND PRIOR TO THE 26TH. AN INTERNATIONAL RATE WILL HAVE TO BE AT THE BANKS FOR SURE IF IRAQ IS LIVE ON THE NASDAQ!! THERE IS NO OPTION TO THIS ISSUE.
THE ONLY POSSIBILITY THAT MAKES SENSE IS THAT IT WOULD AT LEAST HAVE TO NEED TO BE AT THE TELLER SCREENS BY THAT POINT AS WELL.
COULD THE BANKS PUT A HOLD ON IT TO PUBLIC AT THAT POINT? I DON'T KNOW BUT IT SEEMS UNLIKELY IF STOCKS ARE BEING TRADED IN THE NEW REALITY RATE!!
THANKS TO SAGER FOR HIS REALITY POST! DOC
Hawks are preparing to oust al-Maliki Balebadi
Hawks are preparing to oust al-Maliki Balebadi Shiite alliance faces difficulty in agreeing on a candidate for the Interior Ministry, where insists the coalition of state law, led by al-Maliki on the nomination of the leader of the Badr Organization, Hadi al-Amiri for the post.
Hi Backdoc, thank you for your post.
You say: "THE BAD NEWS IS IF THEY FAIL TO RESOLVE THE SEATING OF THE MINISTERS, THE MARKET WILL NOT GO INTERNATIONAL!".
I don't believe the new rate is dependant on the seating of the ministers. If anything, it's the exact opposite.
I believe it has to do more with the ministers' revealing that is waiting for the new rate to be announced, all around the same time.
The three presidencies have been working at an incredible rate ever since the new goi was formed... to me, it's pretty obvious that they're delaying the announcement of the 2 remaining ministers... for a reason.
The only reason I can think of is for the simultaneous release/announcement of the New Iraq (New GOI, New CBI, New Rate/Backing Basket).
I've seen an article today saying that Saturday is the deadline for the ministries of security and the integration of the budgets of 2014 and 2015.
I don't know if they'll follow through with it, but the timing is exceptional.
Regardless, IF they indeed launch NASDAQ OMX X-Stream (International platform) and resume trading on the 26th, then I don't see how they can hide the new international rate upon resumption.
This piece of info is SO telling, it's unbelievable.
I just hope I'm not missing anything, because if I'm not, then the next 10 days or so, our life will change dramatically.