Encouragement vs Discouragement
Hi Friends!
I am going out on a limb and hoping I don't offend anyone- especially Medic, who compiled this list of reasons why we are very close to RV time. I openly admit that I have edited his post that he provided for his forum, but I am not leaking any specific "INTEL" that his sources have compiled, so I'm hoping he won't mind me doing this- if he even finds out. The following is for educational purposes:
1) CMS... IRAQI BUSINESS FOREX JOINS CMS FOREX FOREIGN CURRENCY EXCHANGE U.S.
2) TRADE BANK OF IRAQ (TBI) SIGNS A MAJOR ECONOMIC CONTRACT WITH THOMAS REUTERS
3) THE ELECTION LAW AND INVESTMENT LAWS ARE PASSED [NOTE: I maintain EL is NOT passed at this time, but for some strange reason more than one forum says it is a done deal? I say NO RV UNTIL EL IS SIGNED! But that is just my opinion.]
4) IRAQ APPLIES FOR ACCESSION TO THE WTO
5) LAST WEEK ALI OF DINAR TRADE TRAVELED TO IRAQ TO BUY A BANK
6) TODAY ALI OF DINAR TRADE OPENS BANK IN US THAT HE BOUGHT TO WORK IN CONJUNCTION WITH HIS BANK IN IRAQ. [DT is a HUGE dealer in dinar]
7) CELEBRATIONS YESTERDAY MORNING THAT ARMY INTELLIGENCE STATED WERE IN DIRECT CORRELATION WITH THE FINANCIAL STATE OF IRAQ
8) WE GOT WORD THAT LAST FRIDAY MALIKI SIGNED THE RELEASE FOR THE RV
9) CBI ASKS THAT HE NOT RELEASE IT ON FRIDAY DUE TO THE 4 DAYS OF THE EID HOLIDAYS THAT THE ENTIRE IRAQI FINANCIAL SYSTEM IS SHUTDOWN.
10) INTEL FROM ARMY INTELLIGENCE AND PENTAGON AND CENTRAL BANK OF IRAQ SAY AN RV IS DUE THIS WEEK
11) I DID GET WORD TODAY, AND THEN MY FRIEND WAS CUT OFF FROM HIS SOURCE., THAT THE RATE IS $2 PLUS
12) CHASE BANK COMES OUT WITH A GUESSTIMATE THAT THE RATE WILL BE SOMEWHERE FROM $1.13 TO THE EURO
13) BANK OF AMERICA CORPORATE HAS AN INTERNAL MEMO MAKING IT'S WAY THROUGH IT'S HEADQUARTERS TO BE PREPARED FOR A POSSIBLE MAJOR CURRENCY RATE CHANGE IN THE U.S. THIS WEEK.
14) CBI CANCELLS TODAYS AUCTION
15) CBI SITE IS DOWN AGAIN,
16) NATIONAL BANK OF DUBAI IS NOT SHOWING CURRENCY RATE PAGE
17) NEW SERVERS AND EQUIPMENT IS INSTALLED OVER THE WEEKEND IN TBI TO GO INTERNATIONAL ON THE FOREIGN CURRENCY EXCHANGE AND FUTURES MARKET EXCHANGE
18) DONG DEVALUES
19) WON LOPS
__________________________________________________ _________________
Now, MY opinion is that Maliki did not and will not announce or trigger the RV until the Election Law is signed. MY opinion (as I have 0 special contacts in high or low places...except Mike. Hey Offshore! Where are you? A little help here!) is when we see "Done Deal" announced in the news regarding the EL, in the next article we will see RV also announced- or more realistically, we will see the RV rate show up on Forex sites. Look at Seaview's posts from the past 2 weeks; seems like 7 out of 10 articles deal with the EL in some fashion. The EL is a HUGE issue- and rightly so. Did you see the articles concerned about a "vacuum" or void in the government process if the elections aren't held close to the scheduled time frame? In a way their whole democratic project is in jeopardy over this crisis. Until this is resolved- nothing else really matters! I could be wrong but time will certainly tell... C'mon Iraq- make a fool out of me!!!:biggrin:
Blessings On YOU! AL