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Update from Tlar: "CBI on Hold Until Security Minister in Place"

9/16/2014

10 Comments

 
Tlar Comments Brought From Currency Chatter

Tlar: 
As it has turned out, the Security Ministry has to be filled before the CBI can move forward. 

This was a last minute change.. 

Our government thought they would do that last night and are very unhappy today.

The phone lines have been burning up with calls to all; important Iraqi politicians.

Iraq did turn down the deal to hold but it is obvious that nominating the Security Minister is going to take a little time in  order to satisfy everyone.

I am keeping my fingers crossed that Thursday this issue will be put to bed and we can move on. 

The CBI is on hold until this issue is cleared up so to me it is the most important last step.

It was our government who demanded the security minister be in place for the CBI to change monetary policy.

The thinking was they don't want this dragged out like it was with Maliki so this is basically a last minute change in the plan and it is our government using the carrot and stick to force Iraq to finish building the government in an inclusive way.

Iraq is in a money crunch with all the promises the Abadi government has made to the Kurds concerning back pay and paying the funds denied since January of Kurdistans share of oil profits.

Plus Abadi promised Barzini he would fund the Peshmerga.  He has made  promises to the Sunni Tribal leaders of funds coming to them much as Bush did in fighting al-Qaeda when he paid the Tribal leaders back then to turn on al-Qaeda.

The Abadi government is at a standstill until this Security Minister is chosen and ratified.

Nothing he has promised will come to pass until this gets done.


The IMF is on board with the Obama administration in this matter so until then we are once again waiting.

I am hopeful there will be no more changes if they can get this done, and Iraq gets the green light.

OK now you can suggest what a liar I am NWA, Parksutton, or any other one of you that I have failed to mention that  would like to. 

Have at it. 

tlar
10 Comments
Cedar 2
9/16/2014 12:27:30 pm

Obama is playing both sides against the middle and is likely using these two appointments in iraq as another stalling tactic! Every word that comes out of his mouth is a lie so I don't buy any of it! Obama and the Israelis created isis probably to stall the rv and attack Syria which is why obama won't commit to killing isis! The GCR will not happen unless China forces it after the Shanghai Gold Exchange opens in the next few months. SGE is a a "physical gold exchange" not a "paper exchange" like Chicago...
.

Reply
oak1
9/17/2014 02:16:31 am

Yea all world is waiting for RV to make trailer park from Oklahoma occupants rich LoLLLLLLLLLLLLLLLLLLL!

Reply
realist
9/17/2014 02:19:47 am

"The CBI is on hold until this issue is cleared up so to me it is the most important last step."

Nothing is on hold. Nothing is being delayed or held back.

CBI has no plans to RV dinar. We saw proof of that today with CBI saying they were issuing new 25,000 dinar notes to replace old worn out notes (something every central bank has to do as their notes wear out from use).

So no, CBI isn't trying to reduce the money supply so they can raise the rate. Not when they're replacing worn 25k notes with new 25k notes 1 for 1.

The only way CBI can reduce the 87 trillion dinar money supply is redenominate with a new currency, which they can do when a new currency is ready for distribution.

Redenominate is very simple, exchange X current dinar for Y new dinar. 1,000 to 1 is most likely, it removes 3 zeros like they say, new currency is $.86. See, 3 zeros removed.

Any time a central bank talks about removing zeros it's ALWAYS redenominate (RD), never revalue (RV).

RD is a zero-sum exchange. Nobody makes a dime from it. 1,000 current $.00086 dinar exchanged for 1 new $.86 dinar is a zero-sum exchange, no profit.

But the real danger of a CBI RD is the in-country-only aspect. Dinar has to be physically brought to Iraq for exchange to the new currency.

Dinarians in America cannot do that likely. At the end of the exchange time period their dinar will simply be demonetized and have no value anymore.

I don't care what they do with it. Paper their bedroom with it. Every time they go to bed they'll be reminded how stupid they were listening to "gurus" on the internet.

Reply
Wicked
9/17/2014 05:26:38 am

Realist, everything you just stated is 100% wrong, CBI specifically stated they will revalue the currency, get your facts right bitch

Reply
to idiot "wickdick"
9/17/2014 05:55:10 am

realist is still very mild to you and other demented lunatics. CBI here is lock in green zone, banks are NOT EXISTING only on the paper! Stop bullshit! Fly to BGW and you be lucky to get your ass out without somebody does not shot you! You and other low brains just laying and laying!

Wicked
9/17/2014 07:12:29 am

You just proved my point about you being uneducated, you don't even know how to talk right you illiterate piece of shit. Like I said many times, I do not own dinar or dong but I know for a fact that it will RV and the CBI specifically stated that you fuckin moron. And if you don't believe that it will RV then why the fuck are you on this site trolling every post put up on here? Get a fuckin life you pathetic, miserable sorry excuse for a human being

Reply
to wickdick
9/17/2014 07:58:42 am

watch your heart little imbecile. One more idiotic remark and you are history .... puppy knows it well :)))))

Reply
Wicked
9/17/2014 08:21:03 am

I would really love to see you try something bitch, come to Jersey and I guarantee you will be leaving in a body bag. You can't do shit to me but you are probably stupid enough to try

to wickdick
9/17/2014 09:01:29 am

A guy with your IQ should have a low voice too!

Reply
Wicked
9/17/2014 09:14:42 am

For your information I have a 180 IQ so before you run your cock sucker get the facts little boy

Reply



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