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  1. #1
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    Wink Rumor sent to me via e-mail!

    I got a call today from one of my sources and he was telling me that there are several things out there that are un-confirmed. Even a rate as high as 1.57 euro which would put it up to about $2 usd. This is kind of hard to fathom but I understand the IMF model said that it could support that rate over a year ago. I haven't gotten the chance to read anything from ZZZZZZZ but my friend that I talked to on the phone today talks to Mr. X on the phone as well and told me the gist of what XXXXXXXXXXXXXX is getting. We are waiting for other sources to confirm some of the info. It seems as if the date of the 28th is standing out and being thrown around quite a bit. I have one source that is saying that it can happen anytime between now and the 28th. I was a bit concerned about the Ramadan holiday starting but sources are saying that it didn’t matter. I also hear that the final bit of debt relief wasn’t received until the past Tuesday. They wanted to announce Friday a week ago but all of the debt relief wasn’t signed off on. Maybe since they got that finally, they were able to negotiate a higher rate? Lets hope so! Even more, lets hope they go ahead and open it up. I read an article that said the foreign investment laws should be enacted by the end of the month and the RV HAS to happen before the implementation of the FI law. Hopefully this is still the case. It seems like in the news that something has to happen and soon to bring these guys together...I just read where there was another bombing that killed several people today in Baghdad. Anyway, lets remember that we are dealing with Iraq and they have no comprehension of a timeline or a deadline. So, we will continue to wait!

    The person who sent this to me, said he did not think it would pop until the end of Oct. Also I guess the CBI has their wire transfer up and installed!

    Last edited by goldraker; 26-09-2006 at 06:47 PM.

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    I saw where Cyprus signed off on the debt, but some reason I thought there were still a couple of more that need to. Anyone know for sure if they have all signed off??
    Last edited by Justpraying; 26-09-2006 at 06:52 PM.
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  4. #3
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    Quote Originally Posted by goldraker View Post
    I got a call today from one of my sources and he was telling me that there are several things out there that are un-confirmed. Even a rate as high as 1.57 euro which would put it up to about $2 usd. This is kind of hard to fathom but I understand the IMF model said that it could support that rate over a year ago. I haven't gotten the chance to read anything from ZZZZZZZ but my friend that I talked to on the phone today talks to clay on the phone as well and told me the gist of what XXXXXXXXXXXXXX is getting. We are waiting for other sources to confirm some of the info. It seems as if the date of the 28th is standing out and being thrown around quite a bit. I have one source that is saying that it can happen anytime between now and the 28th. I was a bit concerned about the Ramadan holiday starting but sources are saying that it didnít matter. I also hear that the final bit of debt relief wasnít received until the past Tuesday. They wanted to announce Friday a week ago but all of the debt relief wasnít signed off on. Maybe since they got that finally, they were able to negotiate a higher rate? Lets hope so! Even more, lets hope they go ahead and open it up. I read an article that said the foreign investment laws should be enacted by the end of the month and the RV HAS to happen before the implementation of the FI law. Hopefully this is still the case. I am scheduled to fly back to ft. Lauderdale on the 30th. It seems like in the news that something has to happen and soon to bring these guys together...I just read where there was another bombing that killed several people today in Baghdad. Anyway, lets remember that we are dealing with Iraq and they have no comprehension of a timeline or a deadline. So, we will continue to wait!

    The person who sent this to me, said he did not think it would pop until the end of Oct. Also I guess the CBI has their wire transfer up and installed!

    If its not done by Sept 30, the end of the fiscal year, Iraq will lose $14.7 Bil of US funding. That means the 28th is the last day to make it happen since the 29th and 30th are weekend in Iraq!!

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    sweeeeeeeeeeeet.

  6. #5
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    Quote Originally Posted by goldraker View Post
    I got a call today from one of my sources and he was telling me that there are several things out there that are un-confirmed. Even a rate as high as 1.57 euro which would put it up to about $2 usd. This is kind of hard to fathom but I understand the IMF model said that it could support that rate over a year ago. I haven't gotten the chance to read anything from ZZZZZZZ but my friend that I talked to on the phone today talks to Mr. X on the phone as well and told me the gist of what XXXXXXXXXXXXXX is getting. We are waiting for other sources to confirm some of the info. It seems as if the date of the 28th is standing out and being thrown around quite a bit. I have one source that is saying that it can happen anytime between now and the 28th. I was a bit concerned about the Ramadan holiday starting but sources are saying that it didnít matter. I also hear that the final bit of debt relief wasnít received until the past Tuesday. They wanted to announce Friday a week ago but all of the debt relief wasnít signed off on. Maybe since they got that finally, they were able to negotiate a higher rate? Lets hope so! Even more, lets hope they go ahead and open it up. I read an article that said the foreign investment laws should be enacted by the end of the month and the RV HAS to happen before the implementation of the FI law. Hopefully this is still the case. It seems like in the news that something has to happen and soon to bring these guys together...I just read where there was another bombing that killed several people today in Baghdad. Anyway, lets remember that we are dealing with Iraq and they have no comprehension of a timeline or a deadline. So, we will continue to wait!

    The person who sent this to me, said he did not think it would pop until the end of Oct. Also I guess the CBI has their wire transfer up and installed!

    gold, excellent info. makes sense to us laymen unlike the pros who need more stats data. Thank you for your post.

    Kerby team

  7. #6
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    Quote Originally Posted by Bubba Dinar View Post
    If its not done by Sept 30, the end of the fiscal year, Iraq will lose $14.7 Bil of US funding. That means the 28th is the last day to make it happen since the 29th and 30th are weekend in Iraq!!
    I remember reading about this as being factual. Could you point me to the link? Thanks

  8. #7
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    Quote Originally Posted by Bubba Dinar View Post
    If its not done by Sept 30, the end of the fiscal year, Iraq will lose $14.7 Bil of US funding. That means the 28th is the last day to make it happen since the 29th and 30th are weekend in Iraq!!

    Where do y'all get this about Iraq loosing funding if they don't R/V the currency? There is no such provision in the US Budget for this.

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