Breitlings Sunday Comments 1/29/2012

From looking at the (IMF) reports you can see in detail the growth year by year and with that alone I believe we will see an RV, now as to when, thats a whole different story.

what makes sense to me is this … a 1:1 RV… to have it any less would only anger the people of Iraq as it is not worth a currency of a country to be less then what it is currently using

Anyone who trusts O Admin. is blind. This entire war was over money and money is what it comes down to.

We are still on track. The track just keeps getting longer.

He stated that the “greed” of a couple worldwide players as obstacles for success. He spoke at length about “greed” in a very philosophical way which I won’t repeat

In spite of the current GOI crisis and Maliki’s blunders killing the protesters and opponents, I do believe we’re moving closer to the date we’ve all been hoping for

True, 1166/1148 isn’t a big spread, but I think the day traders have figured out a fix is in.

AFTER YESTERDAYS NEWS THAT THE FINAL MEETING WITH THE IMF WAS COMPLETED NOW THIS TODAY SHOW THEY ARE PREPARING FOR FINANCIAL CHANGES

Finally the voice of reason. Dr. Basri ought to be in charge of monetary policy in Iraq. He sees the need to introduce the new currency in order to put a stop on the crisis with the dinar.

This means that the Central Bank of Iraq will now release the new rate of 3.42 (most likely tomorrow [Thursday] sometime).

I WILL SAY I’M EXTREMELY EXCITED RIGHT NOW…THE CALL I JUST GOT, I’M REALLY EXCITED. I WAS TOLD…THAT I MAY BE GETTING SOMETHING TONIGHT.

THE DONG IS TO GO AT 2.20 AS WE HEARD. THE DINAR IS STILL WHAT IM HEARING AT 11.68.

we were going to see the rate come out at $1.00 , maybe $1.17 , and it’s going to be a dirty float. And it was going to be allowed to float pretty freely until it climbed pretty rapidly

THERE HAS BEEN SEVERAL CALLS TO ME TODAY AND THEY ARE MOST POSITIVE AND IMMENENT–NOW–AS MANY TIMES BEFORE I HAVE HAD THE SAME ALERT GIVEN ME

The bottom line was the manager was able to view a moving rate from his screen, and they have had meetings about it so at least it tells me we are looking good.

GET THIS THREE OF THE CALLS ARE CONFRIMING DONG AT A HIGH RATE. I HEAR THE DONG HAS BEEN CONFIRMED SOMEPLACE AT 2.20.

IF ANYTHING THIS SHOULD GIVE US CONFIDENCE OF THE CONTINUING LEGALITY OF OUR INVESTMENT. THIS NEITHER EXPEDITES OR DELAYS THE POSITION WE ARE IN.

RV HERE LAST NIGHT AND TO BE ON THE FOREX 4:00 PM EST. EXCHANGES FOR PUBLIC AVAILABLE TOMORROW AT THE BANKS. AWAITING CONFIRMATION.

Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining the price stability and the implementation of monetary policy

Economist shares a list of reform possibilities to bring value back to the Iraqi Dinar.

“the Bank will continue to advertise in a transparent manner all procedures declared its monetary policy to the public and stakeholders.”

Financial expert called on behalf of Hadi al-Tamimi, the need to legislate a new law on securities market regulation, stressing the importance of access to the Iraqi market for securities to the world for the purpose of activation.

“A year ago, we warned of what we are seeing today, and have expected that the situation is going to move toward more tension and autocracy.”

Osama al-Nujaifi announced on Tuesday, filing a lawsuit against Prime Minister, Nuri al-Maliki because of what the latter described as ” accusations” and “incitement “against the parliament and the call to boycott it.

When Mr. Maliki and his people also refuse to share power with Kurds, Sunnis or competing Shiites, they gnaw away at the already worn fabric holding the Iraqi marriage together.

Saddam expelled large numbers of Kurds and replaced them with Arab families in order to tilt the balance of power… thousands of Kurdish families are still waiting for the promised cash and help with resettlement by the Iraqi government.

“despite the upsurge in sectarian attacks, the country is still managing to make progress on a number of fronts.”