DC We had an interesting weekend - Maliki declared Saturday night that they have reinstated their currency - confirmed by 11 sources. The old rate was $3.22. Key steps need to be taken before publicly announced. He just looked back and said I've followed the steps and am now going with my Plan B - it's all done. The US thought they had to Sunday night. Now all are scrambling to catch up. The timeline is measured in hours, maybe a day. [I had vacation planned and I am leaving the country on Friday...maybe this is not a good plan right now?] I think you will be OK. You can get it all done before Friday. We are having a RI and the RV can happen with in any time from hours to years. There is a high probablity they will move to RV quickly.
Goatman: Does anyone have a layman's definition of RI vs RV?? and why this RI can stimulate the GCR to activate?
RI = Reinstate. Let's Iraq claim the old (before the war 3.22 per USD) value and it is now internationally trade-able.
RV = Revaluation. Let's Iraq claim the new planned revalued rate 3.71 per USD. internationally. Which presumes other currencies including the USD have adjusted in their value (USD comes down, IQD goes up).
New IQD value is the lynch pin of value to kick off the GCR. Many countries have purchased IQD to bolster their reserves which justifies their countries new value based on the Basel-III partial asset backed plan.
So, without IQD having value, many countries don't have the reserves necessary (plus other assets) to justify their new planned GCR rate.
[KIRKWOOD] Do you guys remember years back...the dinar would go up in value in country....then after 3 days it would go out to the WORLD....3.22 would be turning it back on in country and that was sat morning...so 3 days later would tue morning right....lets hope and pray it will be the rv to the world.. (headbangbeer) (money) (headbangbeer)
[BlackKarma] Kirkwood lets hope
[kismet] KIRKWOOD That is what DC sounded like .......when it would all start happening
[KIRKWOOD] It is weird...this whole thing.. 12/1/2013 was the RV....LATER is was ??? Now it is RI....THIS whole ride has been like this...(beer) (money) (beer)
[chillimac] kirkwood they got 3.71 on there cards, they have been buying houses already
[KIRKWOOD] I will be so glad to get off this TRAIN... Yes..the bonds sold 3.71...cards loaded 3.71...IT is all so crazy with our gov and theirs....just show me (money) (money) (money)
[chillimac] kirkwood we talked to an iraqi lady on open mic, she said they have been buying houses and clothing on there cards and they were given 3.71
[rocknman] Personally I'm thinking something smells fishy at this juncture , just more time to talk about how to wait , this RV 'd on the 22nd now it all of the sudden has RI'd hummmm
[kismet] Maliki just pulled off a very clever one!! lol
[chillimac] rocknman if you go back to imf laws, and 13303 you will find it
[kismet] chillimac i sure do hope you are right..........will still believe it all when i am leaving the bank :)
[rocknman] chillimac just going by what tony & dc have been saying RV 'd already now it's unofficially RI 'd can't have it both ways it ether did RV or it didn't ?
chillimac] rocknman maybe thats what they were calling it, but meliki called it an ri
[kismet] rocknman did you listen to the CC? it shocked every one......a last minute thing when they had all agreed to an rv.
[BlackKarma] rocknman The way I see they said it on the call today it RV'ed but didn't go through because of the bickering.Maliki got mad and RI'ed it.throwing a monkey wrench in the workers.So Maliki just gave an RI enema to tptb.They have to rv it now
econeal7] BlackKarma Good explanation. I understand it the same way
BCGirl: Another Sxxxx update...
Salam alaikum brothers and sister,
Best call earlier. Now have detail to release to say Thursday 2 pm (Iraq) rates will adjust and media announcement AFTER at 2:30 PM to explain rate change and vision for new Iraq.
I have received now paperwork from Deputy of CBI to release if the rate not change, he give me document to show he is serious that it happen this Thursday and I must hold from speaking to journalist for next few days.
We agree. I say 100% this happen on Thursday at 2pm Iraq time and you see instantly rate change on all device around world.