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Saturday, June 20, 2015

My Ladies and Friends Chat: "Iraq Needs To Move With The System" Part 1

Thanks My Ladies for letting us share from your chatroom today:

6:41AM: WC:  From the moment they introduced a re-invention of asset class currency we knew that fiat would be sucking wind. 

Now I am not sure how Greece's default will really do anything for the dinar, but should thrash the bond markets and underlying swap deals (perhaps not true with all these recent swap deals). 


 So the brics are bringing on their new bank and system, big deal.  They are poor in nature and are fed from our breast, IMO. 

The IMF have been warning fiat currency nations that if they prepare in the right way, they should not fear asset based currencies.  So all of that to say Iraq I believe will be one of those asset based currencies.  

Their currency problems is like you having a one million dollar painting in your living room, but only having one dollar in your wallet.  You too would be having liquidity issues until you leveraged that painting.  Oh, but what do I know....nothing
....
IQD NOVA:  GOOD MORNING ALL!! I Agree With ML From Last Night. The Next 30 Days Are Filled With Change That Has Never Been Seen Before!!! And Iraq Is Right In The Middle Of It!!!

MY LADIES: WC..I AGREE COMPLETELY WITH YOU, THIS IS ALL A BOAT LOAD OF LIP SERVICE. IN A NUT SHELL WHAT WE HAVE GOING ON IS ONE OF NOVA'S FAVORITE PHRASES,;

WHAT DO YOU DO WHEN YOU OVERDRAW AND BREAK ONE BANKING SYSTEM??

YOU START A NEW ONE, .....BASICALLY THAT IS WHAT'S GOING ON.

THERE WILL BE NO GREAT DIVIDE OR NO OVER THROWING OF ANYTHING.


WHAT WE ARE SEEING ARE ALL THE SAME PEOPLE EXCHANGING UNDERWEAR WITH EACH OTHER AND DESIGNING A NEW SYSTEM THAT WILL BE A BIT MORE DIFFICULT TO BREAK.

(AT LEAST IN THE BEGINNING)

IQD NOVA:  AGREED!!!!!!!!!!!!!!!!!!!

MY LADIES:  HOW DOES ANY OF THIS RELATE TO THE DINAR???

DIRECTLY IT DOESN'T. BUT AS THE SYSTEM MOVES ALONG I THINK IRAQ WILL JOIN IN.


WE ARE SEEING THE MIDDLE EAST ALREADY MAKING COVER YOU’RE A** MOVES.

WHAT DID SAUDI DO ON MONDAY FOR THE FIRST TIME EVER???

WHAT IS THE GCC GOING TO FOLLOW WITH???

THE MIDDLE EAST HOLDS A FEW TRILLION U S DOLLARS, WELL THE DOLLAR WILL BE CORRECTING TOO.

WHAT WILL HAPPEN TO THE TRILLIONS FLOATING AROUND IN THE MIDDLE EAST???

SAUDI HAS SAID THEY ARE GOING TO INCREASE THE DEMAND FOR THE RIYAL RIGHT??

SO NOW THEY ARE DOING DEALS WITH RUSSIA, WE SHOULD NOT ASSUME THOSE DEALS ARE IN THE DOLLAR SHOULD WE??

SO IF SAUDI IS MAKING MOVES TO INCREASE THE DEMAND OF THEIR CURRENCY IT SEEMS LOGICAL TO ASSUME THE REST OF THE GULF WILL START MAKING SIMILAR MOVES.

WHAT DID DUBAI DO THIS WEEK FOR THE FIRST TIME EVER???

ANYONE HERE KNOW????

MY LADIES:  THEY LAUNCHED THE ELECTRONIC WALLET OFFICIALLY FOR THE FIRST TIME.

WELL WHAT DOES THAT MEAN???

THAT MEANS THE NEW SYSTEM IS WELL UNDERWAY AND A BIT FURTHER DOWN THE ROAD THAN WE THOUGHT.

ALL THESE ARTICLES HAVE BEEN BROUGHT IN DURING THE WEEK, IF YOU HAVE TIME GO BACK AND HAVE A LOOK.

SO WHAT DUBAI DID COULD THAT BE THE BEGINNING OF WHAT GORDON LONG TALKED ABOUT?? LET'S GO BACK AND HAVE ANOTHER LISTEN TO HIM MAYBE.

HERE IS THE VIDEO AGAIN FOR THOSE WHO MISSED IT

LET'S ALL WATCH THIS PLEASE...THERE'S GOING TO BE A QUIZ....

https://www.youtube.com/watch?v=3vseg6-5ldI&feature=youtu.be

*************

MY LADIES:  SO NOW LET'S LOOK OVER TO CHINA AND SEE WHAT THEY HAVE GOING ON...HUMM LOTS OF STUFF ON THIS CONTINENT

WILL THEY BE IN THE NEW COMPOSITION AS AN ADDITIONAL RESERVE CURRENCY???

WELL WE DON'T KNOW FOR SURE BUT THEY ARE CERTAINLY COUNTING ON IT.

SO BACK TO THIS...WHAT IS HAPPENING WITH THE BOND MARKETS???

THINGS ARE VERY SHAKY THERE IN THE IMMEDIATE HERE AND NOW.

AND WE HAVE GREECE THEY GOT SOME TEMPORARY AID AND AN INCREASE IN THEIR LOAN FROM EMERGENCY FUNDS BUT THINGS ARE HEATING UP THERE

EVERYDAY PRINCESS BRINGS IN 20 ARTICLES TALKING ABOUT THIS...GOOD JOB AND THANKS PRINCESS..

SO EVEN STILL CAN WE DRAW A STRAIGHT LINE FROM ANY OF THESE INCIDENTS TO IRAQ REPRICING???

NOPE NO WE CAN NOT.


BUT...WHEN YOU PUT THEM ALL TOGETHER AND SEE THEM AS AN ENTIRE GLOBAL MOVEMENT HOW CAN IRAQ NOT REACT TO IT???

I FIND IT HARD TO BELIEVE THAT IRAQ WILL GO THROUGH TOTAL ISOLATION AND REMAIN TREADING WATER...THEY NEED TO MOVE WITH THE SYSTEM.

DOES THAT MEAN WE KNOW WHAT THEY WILL PRICE THEIR TRADES AT??? NOPE NO IT DOES NOT, BUT WE KNOW THEY HAVE TO JOIN THE REFORM REGARDLESS

**************

Dave: …I can say that the historic move of the CBI hit a 1st…the IQD 700 pips in 2 days

MY LADIES:  DAVE THAT IS VERY GOOD NEWS AND MAKES SENSE...THEY ARE BACK TO THE AUCTIONS AND THE DINAR IS BOUNCING BACK TO WHERE IT WAS BEFORE THE CRAZY CAP FALL OUT

Dave: right and they did it with NO LAWS and with the isis crap still lurking

MY LADIES:  SO THE RESPONSE WC WAS VERY LONG AS YOU CAN SEE, BUT THIS IS WHERE I FEEL WE ARE WITH ALL THIS.

Dave:  Just hope that green light stuff we heard back in March I believe is in fact true

MY LADIES: WELL THE CBI SAID THEY HAD A GREEN LIGHT...BUT DAVE FOR WHICH INTERSECTION???

*************

PrincessDD: Rafidain Bank announces pensions exchange abroad through "MasterCard

http://ift.tt/1folCCa

http://ift.tt/1NdAb6S

MY LADIES:  THERE IS SO MUCH GOING ON...LOOK I PULLED OUT OF IRAQ A LONG TIME AGO I CAN'T TAKE IT THERE ANY MORE, THEY GO AROUND AND AROUND THE SAME BUSH SO MANY TIMES IF YOU COULD HARNESS THE ENERGY REQUIRED TO DO THAT THEY COULD HAVE ELECTRICITY FOR A WEEK!!!

THANK YOU PRINCESS ..BUT ONCE AGAIN THIS MASTERCARD NEWS IS AS OLD AS MOSES...LOL..

OK LOOK THIS MASTERCARD STUFF IS NOTHING...PLEASE READ IT CLEARLY AND THEN THROW IT AWAY..OK

<<< Rafidain Bank announced on Saturday, for pensioners living abroad pay the salaries by service (MasterCard) in three Arab capitals, "considering this step is to keep pace with technological development witnessed by the bank in this periodBaNDiTo_RoX, Today 8:24 AM

WHAT DID THEY JUST SAY HERE???? ANYONE??? WHAT ARE THEY SAYING????

THEY ARE SAYING YOU CAN USE YOUR ATM CARD AT A RAFADAIN BANK IN THE REGION..SPECIFICALLY AMMAN, BIEURUT AND ABU DABI...REALLY??!!

LET ME KNOW WHEN YOU CAN USE IT ANYWHERE AT ANY BANK INCLUDING HERE!

MY LADIES: <<< keep pace with technological development

MY LADIES, THIS IS THE MOST SIGNIFICANT LINE IN THE WHOLE THING...THIS SAYS WHAT WE ARE TALKING ABOUT TODAY...IRAQ WILL GET SWEPT ALONG IN THE TECNOLOGICAL DEVELOPMENT.

Dave:  Abu Dubi? and not Dubai, bout an hour drive

MY LADIES:  RIGHT BUT WHY ABU DABI??? DO YOU REMEMBER??

BECAUSE IN THE LATE PART OF LAST YEAR ABADI WENT TO HIS HOME THERE AND HOSTED ALL THE POWERFUL MONEY MEN FROM IRAQ LIVING OUTSIDE THE COUNTRY.

HE TOOK HUGE LOAN FROM THEM AND DEPOSITED IT INTO REFADAIN BANK.

THEY GAVE THESE MEN MASTER CARDS AS A TRIAL FOR THINGS TO COME.

THESE MEN FLOATED THE GOI FOR A FEW MONTHS WITH THEIR DEPOSITS JUST LIKE THE BUSINESS MEN OF KURDISTAN DID LAST YEAR.

MY LADIES:   THEY SHOWED MASTER CARD THEY COULD MANAGE THEIR PLATFORM IN THE SHORT TERM AND IF YOU PICK YOUR BRAIN YOU WILL REMEMBER RAFADAIN ANNOUNCING THE COMING OF MASTER CARD TO THEIR BANKS SHORTLY AFTER THESE DEPOSITS WERE MADE.
Dave:  Very revealing, so it goes to show really they could do anything at any time

MY LADIES:  WELL NO DAVE THEY BEING IRAQ CAN NOT DO ANYTHING ON THEIR OWN.

THAT IS THE NEXT POINT I'M GETTIN TOO, BUT THEY ARE CERTAINLY SETTING UP FOR THINGS TO COME WHEN THEY ARE TOLD TO TURN THE SYSTEM ON COMPLETLY.


YOU SEE ALL THE STEPS IRAQ HAS TAKEN IN THE BANKING WORLD ARE THE NECESSARY AND FINISHED ALREADY, I THINK THEY ARE WAITING THEIR TURN IN LINE.

LET'S LOOK AT THE LAST 2 WEEKS ALONE AND THE SHANAIGANS WITH THE EXCHANGE RATE.

IF IRAQ WAS ABLE TO MOVE ON THEIR OWN THIS PAST WEEK WOULD HAVE BEEN A GOOD TIME TO DO SOMETHING WOULDN'T IT HAVE BEEN?

I MEAN HOW CAN YOU FIX PRICE GAUGING IN THE EXCHANGE RATE???

1) INCREASE THE DINAR VALUE..OR

2) PAY EVERYTHING IN USD  RIGHT VERY SIMPLE


MY LADIES:  THE SDR COMPOSITION IS CHANGING, WEIGHTS ARE CHANGING, NEW SYSTEM IS COMING IN, AND THIS IS WHEN IRAQ WILL CHANGE!

MY LADIES:  DOES THE NATIONAL GUARD LAW HAVE ANYTHING TO DO WITH MONEY?? OR INTERNATIONAL EXCHANGE RATE??

DOES THE AMNESTY LAW WHICH BY THE WAY WILL SIT WITH THE HOUSE FOR AGES ON END...LOL...

DOES WHO IS RELEASED FROM JAIL OR NOT HAVE ANYTHING TO DO WITH THE INTERNATIONAL EXCHANGE RATE???


DOES ANY OF THE THINGS POLITICIANS DO EVERY DAY HAVE ANYTHING TO DO WITH THE INTERNATIONAL EXCHANGE RATE????

Dave:  part of the puzzle but not a trigger point I dont believe

MY LADIES:  I DON'T THINK SO BUT IT MAKES FOR FACINATING READING AT TIMES..LOL...

Dave:  Slightly more exciting is that infamous HCL they pull off the shelf in rotation every 30 days or so

MY LADIES:  DOES YET ANOTHER POLITICIAN MALIKI HAVE ANYTHING TO DO WITH INTERNATIONAL EXCHANGE RATE???... LOOK HE MAKES SUCH A GREAT VILLIAN IN DINAR LAND DOESN'T HE???

Dave:  they even peppered it all up last week they threw in Allawi and Najafi saying they we all goin down!

MY LADIES: RIGHT BUT WHAT THEY ALL FORGET IS WHERE WAS HE DURING SADDAM DAYS??? WHO WAS HE COZY WITH?? AND WHERE DOES HIS POWER COME FROM???  

ALSO LET'S THINK ABOUT THIS WITH OUR ADULT BRAIN...IS OUR MILITARY SO INCOMPETENT THAT IF MALKI WAS A TRUE PROBLEM IN THE LAND WHERE THINGS BLOW UP EVERY DAY DO WE DARE ASSUME HE WOULD NOT BE DEALT WITH IF THAT WAS THE PLAN???

LOL...NO NO HE HAS HIS PLACE AND IT IS NOT JUST IN DINAR LAND


BUT ALL THESE THINGS ARE JUST NOISE AND DISTRACTIONS..AND I AM SO GLAD THAT THIS ROOM HAVE ALL LEFT IRAQ AND WE ARE FOCUSED IN ON REAL LIFE EVENTS.


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