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Wednesday, April 22, 2015

BGG (from Dinar Updates) Wednesday Opinion Post, sent to Dinar Recaps

Following up on the afternoon call I did yesterday…

(LINK to BGG's call)


There has always been the question (among realistic researchers) – Just how much political sway did Abadi have?? Once they “started the process” of replacing Maliki as PM… there was some considerable “chiseling away” at his various points of influence that would be required…

This has been the approach – however, there are still those “old time hard-liners” on both sides of the Shia and Sunni fence having a hard time letting go. There has loomed this specter of Maliki waiting in the wings for the Abadi GOI to stumble. In addition, Maliki and his cronies have done everything they can to limit his effectiveness (as in the case of slow walking the 2015 budget)… starting with stalling any financial successes Iraq might have. It stands to reason – if Abadi is able to make good on his promises, deals and treaties – Maliki is finished (politically) and then has to face whatever civil judgment might come afterwards.
I have been relaying info from very, very good sources for some time now… several months ago we were well aware this was Maliki’s plan, the GOI was coming to grips with what bad fiscal shape Maliki left things (mainly due to the huge corruption element) – as a consequence the GOI was putting out loan “feelers” in all kinds of directions (which we are seeing now)… but that even if they got all the assistance they needed (or were asking for) – they would still have to rely on some sort of near-term currency shift to boost their internal buying power…

as I mentioned in this article…
“said… Mohammed Saleh, said that the Ministry of Finance the process of issuing (secure orders) to cover the deficit through internal and external borrowing, (and)indicating that the assets retained in the account of the Ministry of Financein 2014…”
would be used to cover the 2015 budget deficit… (exactly what “assets” are they talking about there??)
Here’s some interesting things from the last few days…

The recent trip to DC could not have gone better for Abadi. He has gained the attention of world leaders and…. quite literally, gained the attention of the FINANCIAL WORLD!! Abadi received high praise from Washington while at the same time appearing “independent” enough so as not to alienate his “hard-liner” Shia base. The same song and dance many ME leaders are forced into…

I think Abadi came back from DC with the broad based support here, there and in the financial world he will need to get things done in short order.

This flurry of activity by both ISIS and his enemies within – was all just “knee-jerk” reaction or attempted counter to how well things were going for the new GOI. Ramadi is now getting serious support from Baghdad – (as soon as he showed back up there), Baiji turned out to be little more than a diversion and the bit about his spokesperson being somehow affiliated with Saddam was handled quickly and appropriately. He stole all the thunder from these potential detractors.

He got massive support from the IMF various banks, the US (weapons and aid) and HUGE credibility – which he will need in the near future.

and then…

We’ve had this rash of “secret meetings” (in the press – ??) lately – more than I can ever recall…

one of which was Parliament on Sat and then one with the IMF “allowing” Zebari to sit in…

The last week or so has seen a MASSIVE SHIFT in our fortunes… Those of us invested in the currency of this country.

BGG


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