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Dinar investment takes a BIG turn for the... ??

11/6/2013

 
Controversial Video
ad: This may be the most important video you watch this year...
Newshound Guru Tlar explains:
  • Where we've been...
  • Where we've are...
  • Where we are going...
Specifically as it pertains to Maliki's visit to the U.S. last week and hasty retreat back to Iraq.  And what all this mean for the Iraqi Dinar.


*** Remember this is ONE guru perspective...there are many others.  This whole dinar thing is NOT a spectator sport.  Take what you learn here and add it to what you already have learned...just pieces to a larger puzzle.

Newshound Guru Tlar:
Iraq just accomplished something that I was not sure they could do. The election law has ben agreed to by all parties. After months of arguing and fighting, a formula has been found that is acceptable to everyone. I don't know if their coming to agreement has anything to do with Maliki's Washington visit but last week Maliki was in the US holding meetings with congress and with Biden and then with Biden and Obama. His schedule was he was to arrive Tuesday and leave Sunday.

He cut his visit short under the pretense that there was an emergency back in Iraq. One thing was apparent that his meetings were not good. He came to the US to discuss three items, the US trade agreement, to get arms as in F-16's and Apache Helicopters and to find support for a third term. He left with no agreements and the Obama Administration let him know that as long as he was considering a third term that they would not give him arms.

Maliki had stated that he needed these weapons to fight al-Qaeda but there was always an underlying fear that these weapons would be used against his own people. Maliki was also chided for marginalizing the Sunni's and Kurds and told by our administration that they were unhappy with the stalemate on the Election Law. The Kurds ended up gaining 3 seats while the Shiite party, the NA gained none.

Obama has reversed course and has finally decided to get involved again in Iraq. With all the recent bombings by al-Qaeda and the apparent lack of Maliki's security forces to stop it, Obama has made the decision to re-enter Iraq. Criticism of the original SOFA agreement and our early exit from Iraq is being blamed on the resurgence of the violence. The architects of the original plan along with the players have started to speak out about this administrations failures concerning Iraq. Paul Bremer, who ran the original Provisional government stated it was a massive mistake and miss-calculation to pull our troops out of Iraq when we did, which has resulted in two years of chaos and thousands of Iraqi lives.

This administration created a power vacuum and Iran has attempted to fill the void. Remember it was Joe Biden advising an inexperienced president to make Maliki the PM. It was Joe Biden who pushed the Kurds and the Sunni's to accept Maliki and sign the Irbil agreement. It was also Joe Biden who originally wanted to bust Iraq up into three countries, Sunni, Shia and Kurd. Maybe Obama has awaken and come to realize that Joe Biden hasn't got a clue to world events any more that he does domestic events. He is a lifetime politician. I apologize if anyone takes offense for the tirade on smoking Joe but this guy ought to be canned. Anyway this administration appears to have finally understood the importance of Iraq.

Some interesting articles have surfaced in the last few days that are very encouraging. Obviously the Election Law is a biggy. This law sets in motion another important agreement that we may see very soon. Article 140, the disputed areas may finally be settled based on the rules written in the Election Law. Article 140 deals with an oil rich area that is between Kurdistan and Bagdad. For hundreds of years Kurds inhabited the area. Saddam decided he wanted the area so he removed all the Kurds from their cities homes and businesses and allowed Arabs to come in and take those places. After Saddam was removed, Kurds started to return in mass. Today there is probably once again a Kurd majority.

To date these areas are being administered under a temporary agreement between Kurdistan and Bagdad. They have been intending to take a census since 2009 but the Bagdad government has been reluctant to do so because if it is true that the majority of the population is Kurd, then these areas will fall under Kurdish control. It is estimated that these areas alone could produce millions of barrels a day so it is very important.

The country of Turkey has decided not to allow oil to flow through a pipeline through Turkey from Kurdistan without approval of Bagdad. It is in Turkey's best interest to not let this oil by pass Bagdad. Turkey's fears are well founded in that if Kurdistan becomes its own state that the many Kurds living in Turkey will want to join Kurdistan, taking Turkey's land in the border area of Kurdistan. So their not letting Kurdistan move their oil through Turkey not only tightens their relationship with Bagdad but it puts an obstacle up that retards any ambitions of Kurdistan forming its own country.

This week their have been a few articles concerning the currency. There has been calls to go international with the currency as well as the Finance Committee has come out in favor of changing the currency now. Turki, the governor of the CBI stated that the CBI is the only body that makes decisions concerning the monetary policy in Iraq and that they alone speak to this. Anyone else that speaks about monetary policy does not have any authority to do so. He also stated that the CBI is the only body responsible for currency and that they decided what currency will be in circulation.

We know the CBI has stated that they were going to wait until after the Elections which are scheduled to take place before April 30th of 2014. I not so sure that they will wait. When they stated this, the elections were to be held in January. When parliament could not get an election law, it was stated that the elections were set for April 30th or sooner. April 30th was the last date they could hold them, not the date they would hold them. So we might actually see the elections a little earlier that April 30th. The point is that the CBI was derailed potentially when they decided to wait until after the elections because the date had changed and is still up in the air.

One of the things that I find interesting is the Economic and Infrastructure laws. Both should be slam dunks because both are good for Iraq like the change of currency is good for Iraq. All these laws will propel Iraq economically but they have not passed yet. This week we may have seen a hint as to why. Certain blocks do not want vote for any legislation that benefits Maliki. The infrastructure law in particular is still not passed and this week an MP stated that this was the reason.

Anyway, I'm thrilled to report that the election law is done. Those that are close to me know my feelings on this. My belief was that if they cannot get an election law, it would mess this deal up. We would just be in for more of the same nonsense. If Iraq is ever going to come of age, they will need a new government, a clean sweep. They must remove the cancer which is Maliki's government that has plaque them for years. ~ TLAR

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