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8-29-2014 Intel Guru DC [via Adept1] Bottom line is Iraq looks phenomenal. The full GOI was formally seated and announced yesterday evening in the 11 oClock news, at the mosques and other places. Everyone is getting really happy. There are plans throughout the country and the next question is “where is our RV?” I think it’s pretty close behind it, with plans being executed as we speak to prepare for the change in rate RIGHT NOW. The expectation is that the RV is coming shortly...with the US and the world ready to handle exchanges.
8-29-2014 Intel/Newshound Guru tman23 A US Court on Monday upheld a request to the Kurdistan Regional Government to cancel the request by the Government of Iraq to US authorities detain Kurdish oil shipment. But the Court awarded Baghdad ten days to resubmit the request for booking...(The 10 day period for Baghdad to submit an appeal to the courts ends on Sept 3rd...And at which time there will be a new minister of oil for Iraq...More coincidental timing ? I think not ! )
8-29-2014 Newshound/Intel Guru Arthur In the unlikely case the Council of Ministers does not win the vote of confidence, the President of the Republic Foad Masoum will charge another nominee to form the Council of Ministers within fifteen days in case the Council of Ministers, but as far as we know as of now, we have every indication that he will get the vote of confidence from an absolute majority of the COR within the deadline thus completing the formation of the new Iraqi government. [post 2 of 2]
8-29-2014 Newshound/Intel Guru Arthur So to officially clarify the Iraqi government formation process as stated in their constitution, Prime Minister-designate Haider al-Abadi will present the names of his members of the Council of Ministers and the ministerial program sometime between now and the constitutional deadline of 9/11 to the Council of Representatives. He is deemed to have gained its confidence upon the approval, by an absolute majority of the Council of Representatives, of the individual Ministers and the ministerial program. [post 1 of 2....stay tuned]
8-29-2014 Newshound Guru Aggiedad77 Article: "Interim Commission for approving the budget confirms that the law is still in parliament and did not send it to the government" What was it maybe a week ago we heard news that the budget had been sent back to the government...to Maliki's government...let's get real...but now today we read that the Parliament has had the budget all along...IMO...the Parliament is probably doing a good thing...stalling on the budget at this point...waiting to get the new government seated...then they will present to the new GOI what they believe is a workable 2014 for what is left of the year...this has been formulated and is ready for presentation...they just want it put before the correct GOI...one that has been been corrupted by years of bad leadership.
8-29-2014 Intel Guru EXOGEN Erbil announces it has become free to export oil to the United States. THIS IS ULTRA MEGA GIGANTIC! DO YOU SMELL OIL CREDITS?
8-29-2014 Intel Guru Tlar Quote: "So as long as these documents are signed and they are registrared with the courts, the CBI will consider the government formed and the plan is to pull the trigger before our Tuesday (their Monday night)." Make sure you understand that if for some reason these documents do not get signed and they can't come to agreement, that may substantially change the plan. I don't anticipate a problem but who knows, "this is Iraq".
8-29-2014 Intel Guru TerryK IM STILL HEARING WE ARE GOING TO SEE THIS BETWEEN NOW AND THE 31ST. 2.21 AND 8.16 IS WHAT IM GETTING. [Reference TerryK's post dated 8-26-2014 regarding rates.]
8-29-2014 Newshound Guru tlm724 Article: "Paradise negotiating alliance: the formation of the government will be completed during the next 48 hours" the formation of the government will be completed during the next 48 hours *hallelujah*
8-29-2014 Newshound Guru Kaperoni Article quote: "the work of the national committees to complete their work before the end of the constitutional term of 10 days." Looks like by end of next week they should be close to being sworn in. As well, the new Finance/Economic committees will be formed next Tuesday...
8-29-2014 Intel Guru TD Abadi a PHD and having an engineering background is very calculating in his approach and will gel the state, revitalize the economic reform programs and eventually help all Iraqi's with a better standard of living. All in due time and my contact indicates all this will play out over many months to come. But at least they have hope and determination. The BIG WRENCH in all this is indeed ISIS and the security situation. Abadi, Turki and others will move in a responsible fashion as the dust settles BUT THIS IS A SLOW MOTION PICTURE OCCURRING IN REAL TIME. [post 2 of 2]
8-29-2014 Intel Guru TD Comments to share from my Kurdish friend today: While there is considerable progress being made in formation of a new government it is NOT yet complete. It should by all indications be named (cabinet members) few days before the deadline. Then Parliament must vote and approve everyone and at this time getting the (moderate) Sunnis on board with all remains incomplete. Masum is reaching out daily to Sunni leaders to get on board. The alternative of an ISIS state for moderate Sunnis is frightening so chances look good but the Sunnis really want a BIG PART OF THE ACTION. [post 1 of 2....stay tuned]
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
8-28-2014 Newshound Guru Tlar The CBI along with the government wants this done now. Both are the ones pushing this and the government and the CBI wants this done either on or before our banks open on Tuesday (meaning their Monday night). The rate is still $3.71 at this time but there is something that might make it come out a little higher than that by about 20 cents. If what is supposed to happen happens, you will be very happy Tuesday morning. ...I hope this information is the last from me before...the RV email. I am bringing only what I am hearing is going on. [post 3 of 3]
8-28-2014 Newshound Guru Tlar The CBI has been ready to do monetary change and get the ball rolling. They have patiently been waiting since July 1st but can't wait much longer. Quite simply they need the money because in addition to normal payments coming due, this government has a war to finance. There is really more to it than what I just said but that's all I can say for now. So, as long as these documents are signed and they are registered with the courts, the CBI will consider the government formed and the plan is to pull the trigger before our Tuesday (their Monday night). [post 2 of 3....stay tuned]
8-28-2014 Newshound Guru Tlar The slowdown has been "trust". The Sunni's and the Kurds having been burned by the last Shia government want certain guaranties. That's what the Abadi government will give them tomorrow in the way of documents (contracts) signed and submitted to the judiciary for safe keeping. Abadi has fought this battle of trust for two weeks and it definitely slowed the process. He has the Ministries done but he does not have agreement on a vote as of yet to finish this. Tomorrow should be our crowning glory and will satisfy the needs of the Sunni's, Kurds and the CBI. [post 1 of 3....stay tuned]
8-28-2014 Intel Guru SteveI FYI, Maliki is not and will not be a part of this new government, period. Not now or probably ever as he is now history. Just let the new Prime Minister finish his role and then Maliki's name will be a distant past. The progress so far has been amazing and I am sure looking forward to next week when this part is done and the next task is at hand. Yep, the budget. [Do we have to wait for Parliament to come back in Sept. to get the Budget passed?] Yes. [Just trying to figure out what is still necessary before RV.] ...we all really do not know the exact date and time, however...As for what is necessary...the budget has to be passed along with the HCL. They will be done together. We are almost there folks. It will be a bit longer.
8-28-2014 Newshound Guru Tlar PS: Sunday is the end of the week. Not Friday. [reference Tlar's post dated 8-27-2014]
8-28-2014 Intel/Newshound Guru Poppy3 HE STATED NO ISIS TROUBLE IN BAGDAD AT ALL EVER...CLOSEST PLACE 28 MILES NORTH OR SO OUT OF BAGDAD AND THEY WHERE HIT DIRECTLY FROM US TROOPS AND THAT WAS 3 WEEKS AGO. PEOPLE THERE ARE GETTING EXCITED ABOUT THE NEW GOI AND THEY THINK LOTS OF GOOD THINGS ARE ABOUT TO HAPPEN BUT THEY DON'T HAVE ANY IDEA HOW LONG IT WILL BE BUT STATED THEY KNOW IT WILL NOT BE MUCH LONGER FOR THEIR COUNTRY TO CHANGE FOR THE BETTER. THEY ARE IMPRESSED WITH THE NEW ATTITUDE OF INCLUSION OF THE NEW GOI SO FAR AND ABADI'S LEADERSHIP. THAT ALL I HAVE FOR NOW. [post 2 of 2]
8-28-2014 Intel/Newshound Guru Poppy3 ABADI HAS ONLY 15 DAYS TO THE DEADLINE WHICH HE STATED SEVERAL TIMES HE WOULD NOT NEED. HE HAS NOT BEEN SEATED EITHER AND THE NEW PEOPLE HE NOMINATED AS CABINET HAS NOT BEEN FULLY SEATED. I JUST TALKED TO BAGDAD AND THEY SAID THAT SOME OF THE PEOPLE HE NOMINATED HAVE NOT EVEN ACKNOWLEDGED THEY WILL ACCEPT THE NOMINATION. THEY SAID THE BANK PERSONNEL ARE BEING TAUGHT TO USE THE NEW RATES IN MAKING CHANGE AND USING THE NEW COINS. THE DATE OR RATE TO THE PUBLIC HAS NOT BEEN TALKED ABOUT OPENLY. I ASKED THEM TO ASK THE BANKERS (TELLERS ) WHAT RATE THEY WHERE PRACTICING WITH. HE SAID HE WOULD BE BACK IN THE BANK SUNDAY AND WOULD ASK THEN. [post 1 of 2....stay tuned]
8-28-2014 Intel Guru SteveI I just got a call from [Guru] Ray and it is now official. The new Prime Minister has picked and named all of his new ministers and the cabinet is now complete. It was on Iraqi tv and it will be made official to the press and news media Friday morning (Iraqi time). This is the best news yet. The next thing on the parliament's agenda is the budget and HCL, and after that passes, we all know what to expect.
8-28-2014 Newshound Guru Kaperoni Article: "The most prominent leaders of the Dawa Party .. reveals Maliki scheme to restore the third term!" I am very optimistic that the new National Alliance will form a new GOI within the timeframes. Certainly the news coming out of Iraq seems to support that success. But we would be foolish to simply dismiss Maliki or his influence until he is officially gone. He has proven over the last 8 years what he can do.
8-28-2014 Newshound Guru Adam Montana 1. "Kurdish government claims win in latest row over oil exports." "A Texas court ruling to dismiss an order to seize Kurdish oil parked off the U.S. coast should give potential buyers confidence, the Kurdish government said." HUGE!!!!! 2. "Abadi will be able to provide the new government before the end of the constitutional period, which ends in Sep. 9". 3. Maliki is truly out, and he's actually campaigning for the good of Iraq.
8-28-2014 Newshound Guru Millionday [Is the 2014 budget figured for the last 4 months of this year?] YES -- FOR THE LAST OF THIS YEAR ONLY. [Interesting that it's for 4 months and starts on the 1st of September, and not before.] THE IPOS ARE BEING LISTED ON THE ISX ON SEPT 1ST AS WELL. THEY ARE REPORTING AS IF THEY ARE IN A HUGE HURRY WHICH THEY SHOULD BE. [Do you believe the HCL is in the budget?] THE HCL IS A SEPARATE LAW BUT THERE HAVE BEEN REPORTS THAT IT WILL BE VOTED ON AT THE SAME TIME -- WE WILL HAVE TO WAIT FOR THE ANNOUNCEMENT, IT IS THE OIL AND GAS LAW. THE KURDS ARE HAPPY AND THEY ARE DOING THE ARTICLE 40 HCL AND THE LAUNCH OF ALL DISPUTED AREAS. THIS REALLY IS GREAT -- THE NEWS IS VERY POSITIVE.
8-28-2014 Newshound Guru Chattels [I don't think M is out?] ...Maliki is still the incumbent Prime Minister, he has not resigned. Maliki's position is akin to a "lame - duck" President in our system. His executive position ends upon the seating and swearing of the Prime Minister - designate and his Council of Ministers by a majority vote of the Parliament.
8-28-2014 Newshound Guru Kaperoni Article: "The most prominent leaders of the Dawa Party .. reveals Maliki scheme to restore the third term!" Quote: "Maliki lives in a state of hysteria since announcing the withdrawal of his nomination to this day, and imagines that he has a great popularity in the Iraqi street, and people ready to sacrifice his life for him in order to return as prime minister," ...he does not have a chance...but I believe this statement to be "very" true.
8-28-2014 Intel Guru EXOGEN INTEL SNACK…1. ADABI HAS MADE THE ANNOUNCEMENT OF THE GOI 2. THE CRITICAL LAWS NEEDED IN IRAQ FOR MONETARY REFORM ARE COMPLETED 3. THE GLOBAL STRIKE ON ISIS HAS INCREASED WITH NEW FOCUS ON SYRIA 4. THE EM'S (Emerging Markets) HAVE BEEN RELEASED INTO ALL GLOBAL FINANCIAL PLATFORMS 5. THE USN'S ARE NOW LOCKED AND LOADED FOR GLOBAL RELEASE 6. THE GRINCH HAS PUT CHRISTMAS BACK IN PLACE AND ON SCHEDULE 7. GLOBAL CENTRAL BANKS ARE ON HIGH ALERT 8. PAY CLOSE ATTENTION TO THE BRETTON WOODS MEETING NEXT WEEK.
8-28-2014 Newshound/Intel Guru BGG Exchange rates ( 1,201 Market Rate * NEW * ) This is new. Prior to today [Wednesday] most of this “it’s happening today…” business couldn’t have been possible. Without there being an IMF compliant spread in place they would have had to act very quickly to make any rate increase work. As of now they are either in compliance or within 1 Dinar (current value) of being there.
8-28-2014 Newshound Guru Millionday [could anyone explain to me the article Saleh put out about the coins ... in short was it the coins = new value?] IT WILL REQUIRE A NEW VALUE WITHOUT THE THREE ZEROS IN ORDER TO BE USABLE. [Will the coins postpone the RV?] NO THE DATE OF THE IRAQ`S ENTRY TO THE GLOBE IS SET -- THE PLAN IS VERY LARGE AND WOULD NOT BE PLANNED WITHOUT A DATE.
8-28-2014 Newshound Guru Blueyesinlevis Someone described the situation in Iraq as a "moving target". I think that is accurate. I myself am feeling very encouraged...the developments have been extremely good... and my own window is anytime from the seating of the GOI to January 1st. That is my focus... right now.