Dinar Guru
Join over 101,634 of your dinar peers!
Enter your email address in the blue box below...
  • dinar guru predicts
  • dinar news: Start Here
  • iraqi dinar recaps
  • about dinar guru
  • free stuff
  • iraqi dinar RV tool
  • contact us
  • privacy policy
  • Disclaimer
  • Terms and Conditions
  • i

Guru Enorrste: Where We Stand as of March 29, 2012

4/2/2012

27 Comments

 
Picture
Every now and then one of the gurus puts together an AWESOME post...here is one of those posts from Guru Enorrste...GREAT JOB!
This was written around the Time of the BIG Arab summit with the National Conference looming in the back ground.
Inside this post you'll learn:
  • You'll learn what the Erbil agreement is all about...
  • Have laws necessary have been passed....?
  • You'll see how Sabbibi was ready to pull the trigger in June 2011...
  • Is deleting the zeros already complete inside Iraq?
  • The time line Guru Enorrste feels we're looking for...
Guru Enorrste: Where We Stand as of March 29, 2012

I have been asked by a friend to give a short post as to where I currently stand on the RV issue. There has been a great deal of progress recently toward an eventual RV. Maliki went to Kuwait and signed all of the documents necessary for the UN to release Iraq from the sanctions of Chapter VII.

However, the UN Security Council will not meet until June, so it is questionable 


Click on the right to continue reading --->>>
whether an actual release will be effected prior to that meeting. It is my understanding that an assistant to Ban Ki Moon has been working assiduously to get everything ready for a final release.

There is a slim possibility that some sort of statement may be made at the Arab Summit. I have heard that Ban Ki Moon will be present there.

On the negative side, Saudi Arabia, Jordan, Talibani, and Allawi decided not to attend the Summit. There were possibly other standouts as well.

This means that the Summit will be more of a “shell summit” than anything else.
I do not expect any dramatic announcements from the Summit at this point and would be surprised if any were made.

This brings me back to Maliki. The Preparatory Committee of three or four high level executives in Iraq failed to get the Conference off the ground. I understand that it will now be held on the 4th or 5th of April. At least they finally set a firm date.

As you may recall, the primary goals of the conference are to resolve the issue of the two ministers who have been called to be arrested by Maliki, and a final resolution of the Erbil Agreement. The resolution of the Erbil Agreement is what is necessary for the final formation of a true shared government in Iraq.

Due to the intransigence of Maliki, this agreement has never gained momentum. At the same time, we did hear that Maliki finally accepted an Iraqiya nominee for the post of ministry of defense. This shows at least SOME movement toward the final formation of a government.

On a more positive note our super sleuth Kaperoni found an article that clearly indicates that the necessary laws are now in place to define the process of moving from the old rate to the new rate for the IQD. This set of laws was declared necessary by Shabibi before he would actually pull the trigger. The article is clear that these laws are now enacted.

In addition we have it on good evidence from Kaperoni’s effforts that Shabibi has been ready to pull the trigger since at least last June.

In addition the security situation in Iraq is as tight as it has ever been, largely due to the Arab Summit. Shabibi has expressed concern over the security situation prior to his pulling the trigger several times. 

Added to that we have the statement from the head of the IMF (I forgot her name!) that she is satisfied with the progress made by Iraq in the last year on banking reforms.

While we have other articles that indicate that the process is not yet complete, it is clear that international banking can take place immediately after the RV, if only for a few hours a day. I have stated my opinion before that I believe the international banks will be chafing at the bit to open offices in Iraq immediately post-RV. In doing so, Iraq could catch up quickly in terms of Basel compliance and the ability to handle investors worldwide. The analogy I have used is that it is like going from no phones to cell phones without ever having to put in the land lines that took decades across America.

In short, progress should be made quickly and I do not feel that this is a hindrance to the RV any longer. We also have the clear statement from the CBI that the process of “removing the three zeros” is essentially completed inside Iraq.

In addition we have clear statements that the plan will be implemented in 3 phases, the first of which is now completed (removing the 3 zeros, plus education of the people). The second phase is the first RV at around $1.

This will allow an easier transition for the people in terms of conversion as well as create an atmosphere for de-dollarization of the country as the rate gradually rises over the next several months (this is also stated clearly in articles found by Kaperoni).

They are also on record that the new currency is already or will be soon printed, to be ready to be issued in September.

We also have the fact that the 2013 budget will be base on the new rate of the IQD.

Finally, phase three will be a second RV to at least $3.50, unless it has already reached that level between the first RV and September.

At that time the new currency will be introduced, the highest note of which is $100 dinars, a clear indication that the rate will start at or near a dollar.

Both the old (current) currency and the new currency will co-exist for up to 2 years and both will remain legal tender throughout the process.

Our dinars will never go back to Iraq but will, according to Saleh himself, remain in the federal reserve accounts of countries around the world for “a long time.”

Therefore, we are clearly talking of a “when” issue rather than an “if” issue. We are also no longer talking about a “rate” but only about a “date.” So where does that leave us?

It seems clear to me that the RV will not occur during the Summit. It is possible, but highly unlikely.

Kaperoni and I believe that Maliki would love to have the RV announced at the Summit. However, as stated above, Shabibi is withholding the trigger until the government unity issue is resolved. This, then, would take us up to April 5 and the National Conference.

Unfortunately I don’t see a lot of hope in the outcome of the conference either.
Maliki is a very hard man to deal with, probably for a number of reasons. He may be a power-monger; he may fear for his safety; and he certainly is not good at compromising with his opponents. These three factors do not bode well for a successful National Conference. After all, he has held the same position for 2 years now: why should we expect anything different this time?

This brings me to the issue of the IMF, the World Bank, and the US Administration. After such long delays it seems to me that none of these institutions are in a position to either improve things, move them along more quickly, or delay them in any sense. I actually believe these institutions are just as frustrated as we are at this time. Therefore we come back, finally, to Maliki and Shabibi.

Maliki continues to stand his position, which mainly means refusing to share power. As long as this continues Shabibi will not pull the trigger, in my opinion.
I have stated for some time now that I believe that Maliki is holding out for a full release from Chapter VII sanctions from the UN.

This is certainly his right and it is a good move for him politically, especially if/when he is finally successful. After that release, which most likely will occur in June at the Security Council Meeting, Iraq will be truly autonomous.

While the UN has tried to give the appearance of autonomy to Iraq by making statements to that affect, echoed by Obama as well, Maliki seems not to be convinced. He wants ALL hands off. At the same time, I believe, but cannot prove, that he will allow the RV immediately on release from Chapter VII. Having said that, however, does not mean that the RV will occur.

The reason for this is that Shabibi is the one who is truly in control, not Maliki.
Kaperoni presented an article some weeks back in which Shabibi made a clear statement that he does not need the government’s approval to pull the trigger.

Therefore, while I believe Maliki has wanted to tie release of Chapter VII sanctions to the RV, I also believe that his recent trip to Kuwait was made not just for the purpose of obtaining that release BEFORE the Arab Summit, but also so that he could announce the RV at the Summit.

Since he did not get his release, he has changed his mind and now will wait to hear from the UN. This will fly in the face of his prior APPROVAL to Shabibi to go ahead with the RV. Therefore, I believe that we are nearly back to where we were last June. At that time Shabibi was ready but wanted the government to be finalized. Maliki was ready because he was working out a deal with the Kuwaitis.

We came very close to getting our RV in June, but it was the failure of Maliki to finalize the government that held it up. Maliki made some progress (the defense position and a visit to Kuwait) but failed to come to the table with the Preparatory Committee, thereby missing his chance to have an effective Arab Summit. Now we await the National Conference. I hold little hope for much to come from it. 

That means that we would then wait until June and the release from Chapter VII. But even that will not guarantee an RV unless Maliki has come to a power-sharing agreement prior to that time.

Against this negativism, however, is the fact that Shabibi is slowly plowing along and is laying out his plan with more specificity almost daily, including setting certain deadlines. The end of phase 1 is completed and the beginning of phase 2 (the first RV) is supposed to come “in the coming days” or even “in a few days.”

Of course those few days have already passed, so Shabibi’s frustration must be growing. He is having more and more difficulty in holding the reigns on the economy. His plan is in jeopardy, in short. Plus he is on record that the new currency (and clearly, then, a new higher rate) will already be in place when he issues that currency in September.

Therefore our window is something less than 5 months now (April to September) and practically speaking less than that, since the first RV must naturally occur SOONER rather than LATER in order for a gradual increase in the value of the IQD to be effective.

This leads me to two final conclusions. The first is that Shabibi may go ahead and pull the trigger even if Maliki fails to form a final government. I say this because while on the one hand he is placing pressure on Maliki by making these specific announcements with set dates (particularly September), on the other hand those specific announcements are also placing pressure on the CBI to ACT if it is to implement phase 2 and then phase 3 in September.

In other words, Shabibi is cooking his own goose as well. In sum, the ball, once again, is in Maliki’s hands right now. If he forms the government we will see the RV “poste haste”.

On the other hand, if he fails to form a government, even a release from Chapter VII will NOT give us the RV. At some point, though, I believe Shabibi will act, and almost certainly before the end of April, even if the National Conference is a bust.

He must act if he wants to stay on plan for a gradual growth in IQD value from $1 upward as September approaches. Time is against him, and he will be forced to pull the trigger EVEN IF THE GOVERNMENT IS NOT FORMED. The FORMATION OF THE GOVERNMENT is the first key.

Failing in that, the second key is TIME. Either way, I see the end of April as Shabibi’s “last stand” before pulling the trigger. Of course I could be wrong.

Enorrste
Picture
27 Comments
Dalton
4/2/2012 09:11:11 am

Powerful and accurate, as a fellow dinarian u have done ur homework extremely well, I'm a year old or almost sophmore iqdteam student, I conssiderder myself to b fairly educated about this subject, what an exciting 5 months ahead lol

Reply
David A. Yandow Jr. link
4/2/2012 09:13:44 am

Though members of my family desperatly need an RV your summation makes the most sense. World politics as usual. Big boys corrupt the system,rig the rules and play to win at all cost regardless who loses or gets hurt. Look at History. Tyrants rule most of the time or ruin what they cannot rule! Thanks

Reply
Harley
4/2/2012 09:25:28 am

I understand all the comments, but does anyone have real information and really know what is going on. All we seem to read is a bunch of comments which is a gigantic time waste. Is there a website that has information other than fairy tales? Real info please. No more poorly written - guesses. Thanks

Reply
Robert Lewis
4/2/2012 09:37:13 am

You are all going to be very disappointed. What is being proposed is only a 'redenomination' not a 'revaluation'. Yes, zeros are going to be dropped, so 1 'new' dinar equals 100 'old' dinars, but their worth in terms of dollars will be 1/100 of the current exchange rate i.e. not effectively revalued.

Reply
Robert
4/2/2012 03:18:06 pm

They have clearly stated that will be both a re-denomination AND and re-valuation. It would make no sense to issue smaller notes and not increase or add value to those notes.If it lopped-It would penalize savers in Iraq, decrease the money supply and (all we have to do is look to Turkey which did a lop as you suggest) - cause riots from the loss of the peoples funds by the government. Not to mention foreign countries holding dinar as reserves would wiped out as well. It amazes me that intelligent people can't take some time to think this through- its like they have some kind of agenda of holding others back. Kuwait did a revalue and probably has less resources to back the value of their money than Iraq- bu they went from .10cents to 3.22/usd.... think again Robert- work for the government?

Reply
david
4/2/2012 09:57:04 am

I guess we'll see if you're right or not. Calling something by the end of April is bold. Next 5 months for phase 2 and 3? We'll see. we've heard all this before.

Reply
larry olsen link
4/2/2012 10:01:33 am

here is a really good dinar story

Reply
pat ryan link
4/2/2012 10:06:29 am

I have yet to see or hear anything about the dinar/rv on any of the major media networks. Why would Cavuto not be into this or Rush
or tickle legged Mathews .If this thing is as big as purported to be
with millions involved world wide howcome no media attention?????

Reply
Brian N
4/2/2012 01:35:53 pm

They keep it quite because there not allowed to cover it. Government holds the radio and satellite frequencies and leases them to the networks. If you say something they don't want you to, they pull the frequency. Media is controlled!!!

Reply
Edgardo B. Nabung link
4/2/2012 11:14:02 am

i believe to your commentary ang thanks to tour encouragement to each everyone and i hope you continue to do so. and once again thanks to you ang more power to you.i'm EDGAR NABUNG

Reply
albert perhach
4/2/2012 11:22:26 am

No RV until the government is formed completely - they must vote on it. Shabibi can't RV without the vote. Iraq has a contract with the IMF @ 1 to 1.

Reply
Stuart
4/2/2012 12:16:40 pm

O.K......Well This sounds like another GURU STORY....What new GURU name are you going to call yourself....how about GURU B.S.

Reply
tane
4/2/2012 12:26:45 pm

Aloha from a beautiful rock in the middle of the Pacific. Again, you have very well stated where we are in this investment, up to this point. Lots of great thought and perceptions. Your writings are always well received, by me, anyway. Such is the nature of this beast. I've been in this for almost 3 years and anxiously look forward to the end of this journey. Not to say, that I have not immensely enjoyed the learning experience. I think I know more about Iraq than our own wonderful country. I lift my red solo cup to you, sir. MAHALO!

Reply
Scott R
4/2/2012 12:45:08 pm

Its all a bunch of speculative BS

Reply
Robert
4/2/2012 03:21:16 pm

So are penny stocks, ipos and opening a business in the US and surviving the first five years. Whats your point?

Reply
Robert
4/2/2012 03:21:40 pm

So are penny stocks, ipo's and opening a business in the US and surviving the first five years. Whats your point?

Reply
Mary ann-Texas
4/2/2012 01:02:06 pm

I hear this and interesting to read. But way are all calling RV and we know it really has not happened yet. Why do the Guru's do this ? Don't they know this makes us not beleive anything that's being said.There are alot of little guys that are praying for this just for to have a small piece of the pie. Do they also get these codes to cash in and who do you contact for a code or can one just go to their Bank?
I appreicate all that you do. Thank You!! But ready to be living a much better life!!!

Reply
todd
4/2/2012 01:47:31 pm

I am so tired of all this bullshit. I want to sell all of my get rich money. 6 million worth. Can I sell it to anyone

Reply
Ray Aber
4/2/2012 03:09:33 pm

How much will you accept per million.

Reply
Rod
4/3/2012 12:44:12 am

How much do you want per million?

Reply
STEPH
4/2/2012 03:36:17 pm

good news

Reply
Jannie
4/2/2012 09:47:02 pm

Todd,

I would be interested in purchasing a million as well.

Reply
Marvin
4/2/2012 10:00:30 pm

Just a poor dude in the middle of this quest. What I have seen written in the past on the guru site, I have much appreciation for something that is well written with obvious work and research by both Kaperoni but especially Enorste. Kudos and Mahalo also from a Kauai born now in Idaho.

Reply
clasvegas link
4/3/2012 01:10:20 am

Everyone says the same thing.....soon, and some day you will be right.

Reply
Michael
4/3/2012 01:50:59 am

OMG -- I can't believe how out-to-lunch these Dinar waiting to get rich folks are?! Yes it's going to revalue, but at world exchange rates, so 1 Dinar (after dropping zero's) will be worth basically .1cent against the US Dollar. It's like a stock split, stock is worth $10 dollars, then it splits @ $5 dollars, so you now own (2) shares @ $5 dollars! Same value! Question: How is the Dinar going to value up against the US Dollar? It can't, there is no economy behind it to sustain that value? You guys are going to be waiting a long time, to get to .5 cents ... maybe? Wake up ....

Reply
Johnson
4/3/2012 03:28:00 am

How is CURRENCY ... " like " Stocks? Now YOU Sir have thrown yet another spin into the wash ...

Reply
ken
4/3/2012 04:05:58 am

.., am fairly new "investor".., if & when RV occurs.., how do i cash out ?

Reply



Leave a Reply.

    Archives

    May 2019
    April 2019
    January 2018
    July 2016
    November 2015
    June 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    September 2014
    May 2014
    November 2013
    September 2013
    June 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    July 2011
    June 2011

    Categories

    All
    1949 Imf Iraqi Dinar Press Release
    2011
    3sintel
    Abadi Prime Minister Video
    A Few Good Men And Dinar
    Arabic Numbers
    Atm Iraq
    Baghdad
    Bank Accounts
    Bank Robbers
    Barzani / Kurdistan Interview Video
    Bashanista
    Bbb Iraqi Dinar Scam
    Better Business Bureau Dinar
    Biden Iraq Visit
    Bloomberg Iraq Video
    Bloomberg What Keeps You Up At Night Video
    Breitling
    Business In Iraq Report
    Cbi Gold Reserves
    Cbi Holiday Calendar
    Cbi Iraq
    Central Bank
    Central Bank Iraq
    Central Bank Of Iraq
    Charlie Rose Abadi Interview
    Citigroup In Iraq
    Cnbc The Baghdad Job
    CNTV Video:Iraq To ReValue Currency
    Currency
    Currency Forex
    December 2011 Iraq Video
    De La Rue Counting Iraqi Dinar
    De-la-rue Counting Iraqi Dinar
    De La Rue Currency
    Dinar
    Dinar 5000 Note
    Dinar 500 Note
    Dinar Black Light
    Dinar Christmas Video
    Dinar Counterfit
    Dinar Fake
    Dinar Float
    Dinar Guru
    Dinar Guru Adam Montana
    Dinar Guru Bashanista
    Dinar Guru Checkmate
    Dinar Guru Enorrste
    Dinar Guru Puppet Video
    Dinar Guru Tonytnt
    Dinar Guru Video
    Dinar Lift Zeros
    Dinar Newshound Guru Tlar
    Dinar Note
    Dinar Note Count
    Dinar Printing
    Dinar Receipt
    Dinar Rv
    Dinar Rv Count Down
    Dinar Security
    Dinar Taxes
    Dong Security
    Dong Under Black Light
    Dong Under Black Light Photo
    Exchange Rate
    Fake Dinar
    Fake Dong
    Forex
    Funny Dinar Exchange Video
    Funny Dinar Intel Cartoon
    Gold Reserves Video
    Guru Enorrste 3-30-2012
    Guru Kaperoni
    Guru Kaperoni State Or The Dinar Tick Tock
    How Forex Works Iraqi Dinar
    How To Detect Counterfeit Dinar
    Imf
    Imf Cbi Video
    Imf Iraq Dinar
    Intel Gurus Strike Back
    International Dinar Exchange Rate
    Iraq
    Iraq Arab Summit Video
    Iraq Bank Holidays
    Iraq Ch7
    Iraq Chapert 7 Release
    Iraq Currency Exchange
    Iraq Currency Numbers
    Iraq Dfi Fund Video
    Iraq Dinar News
    Iraq Dinar Numbers
    Iraq Dinar Revalue
    Iraq Facts
    Iraq Gold Reserves
    Iraqi Dinar
    Iraqi Dinar 101
    Iraqi Dinar 50K Note
    Iraqi Dinar Delete The Zeros
    Iraqi Dinar Drop The Zeros
    Iraqi Dinar Exchange
    Iraqi Dinar Exchange Rate
    Iraqi Dinar Exposed Cnbc
    Iraqi Dinar Fractional Banking
    Iraqi Dinar History
    Iraqi Dinar Hit And Run
    Iraqi Dinar Hit And Run Video
    Iraqi Dinar In The News Video
    Iraqi Dinar Lop
    Iraqi Dinar Movie
    Iraqi Dinar News
    Iraqi Dinar Note Kurdish
    Iraqi Dinar Notes
    Iraqi Dinar Rate
    Iraqi Dinar Reuters
    Iraqi Dinar Rv
    Iraqi Dinar Rv In The News
    Iraqi Dinars
    Iraqi Dinar Scam
    Iraqi Dinar Secret Hq
    Iraqi Dinar Security Feature
    Iraqi Dinar Video On The News
    Iraq Investment
    Iraq Investor
    Iraq News
    Iraq Oil
    Iraq Opec
    Iraq Parliament
    Iraq Power Distribution
    Iraq To Revalue Currency Video
    Iraq Travel Video
    Iraq Usa Today Video
    Kara And Nate Visit Iraq
    Lagarde
    Maliki Obama Speech December 12
    Maliki Us Speech
    March 28 2012
    Northern Gulf Partners Video
    Obama And Abadi
    Okie_oil_man
    Opec
    Post Rv Preparation
    Print Iraqi Dinar
    Print Money
    ReValue.us
    Saddam Hussein Palace
    Sainsbury's Official Christmas Ad
    Saleh21/12/2011
    Special Inspector General For Iraq Reconstruction: April 2012 Quarterly Report To Congress
    State Of The Dinar March 2012
    Top 50 Safest Banks In The World
    Troops Leave Iraq
    Us Congress Iraq Document
    Vietnam Dong
    Waiting For Montana Song
    Washington Post State Of Iraq

    RSS Feed

©Copyright 2010-2021, Dinar Guru, All Rights Reserved.  All emails and correspondence sent to Dinar Guru become the exclusive property of Dinar Guru.  By reading this, you agree to all of the following: You understand this to be an expression of opinions and entertainment and not professional advice.  You are solely responsible for the use of any content and hold Dinar Guru and all members and affiliates harmless in any event or claim.
PO Box 792287, New Orleans, La 70163
Privacy Policy  -  Terms and Conditions  -  Contact