We are told of a first bond sale……NOVA stated this was a grab of 000′s…..I have a differing view….On Frank’s chat of last Thursday, A/B stated the first round of bonds was in USD……
this first round was reportedly to fund the rv……If the supposed goal was to fund the rv, it would make sense that Iraq agreed to bolster their liquidity with THE world reserve currency…..
this is where your thoughts have some merit……If 1T of bonds were sold denominated in IQD, today’s value would be approx 856M….
however, we have been told they were sold at a rate of 3.71 USD to 1IQD…….that being said, they would have been sold for a disproportionate amount to today’s value and Iraq gained a whopping 3.71T USD……
Wowwww!!!!…….for a country that only has a budget of 150Mil…….and, talk about overpaying for proportionally worthless paper…….WHO would have been so badly hoodwinked????
Let’s think a little further…….Bonds are debt instruments issued to creditors…….Iraq incurs debt, creditors know that if Iraq does not fulfill their obligations, they will foreclose and force the creditor to bankruptcy if necessary……..sound familiar???……if not, I would suggest more study in US history…….
Okay……back to the subject…..
If we look a little further, what if the creditor knew that their proportionally worthless paper would very soon be elevated to full face value and return interest and, perhaps more importantly, set the stage for the noose they desire in the end……
remember, if my theory is correct, they really don’t care about the amounts, it’s only ultimate control…….however, this becomes an apparent win-win…….
the best thing for “the big boys” is a vibrant world economy……
think also about the stability that can be gained by “seeding” various outlets and reserves with what we believe will be very valuable paper…..this will allow market control and stability…let’s look at step two
We have been told that there are a second set of bonds held at CME that also may have a rate of 3.71……these are reportedly for infrastructure……OHIO stated these have not been sold…….on the Thursday chat, Frank asked “rate?”, to which the reply was “No, 8″…….
This makes sense!!!!!……we have been told that these bonds need Article 8……Why???…..Iraq has sold bonds for nearly 10 years……what is different about these bonds???…
Let’s examine a little more…….the first set of bonds were hidden as they are unlisted and (with the exception of NOVA’s statements) were reportedly sold in USD……who has the ability to hide such sales from the world????…..how about “the big boys”……
Now, the second set is to be sold in IQD at the reality rate……this means the program rate is lifted and we can surmise the movement will be official from Article 14 to Article 8…this would be consistent with no sales yet and the A/B stating they are waiting on “8″…….
Remember, based on the reports, they have now waited 38-39 days……how close are we???….Time will tell but I think we can conclude that they would have not put this out too early….Note all the T’s being crossed and I’s dotted during the last period….
The bottom line of all, the picture portrayed is very positive that we should see what we want in the “near term” based on the data points we have been told……
Hope that helps……. Society Post by drdinar »
March 11th, 2014, Shabibi has said that the IQD would be a world reserve currency…could these bonds be a way for countries to be able to exchange their USD reserves for IQD reserves? Post by tommy17 »
March 11th, 2014, It Diffently wouldn’t make sense if they are this close(r.v) to sell them at 1160. If they where selling them at 1160 I would be more worried .With other countries holding Iraq bonds this will help alot of countries that are fixin to go bankrupt. At 3.71 is very good news news Post by mryantodd »
March 11th, 2014, Society, I have another possible scenario to share on the amount of bonds sold in the first tranche. It could be USD value of $1 Trillion at the 3.71 rate which would equate to ~ 269 Billion IQD (e.g. $1Trillion / 3.71). Still alot of money and wouldn’t change your conclusion, but thought I would just add another possibility. MRT 4real wrote
on March 11th, 2014, It was said last night on the CC that the bonds were sold @ $3.71. I’m still trying to understand why anyone would pay that amount when you can but 1 mil IQD for $1,200, wait until the rate is released (eg. $3.71) and then walk away with a enormous profit for very little risk. It doesn’t make sense! Am I missing something? Maybe Frank or Nova can explain what my thought process is lacking Post by iggy »
March 11th, 2014, 4Real, I may be way wrong with this thought but…
I think what we forget…not everyone knows what we think we know…not everyone knows or believes the rate will change…we are privileged to some very special info… Blessings to you 4real… Post by Memphis »
March 11th, 2014, Iggy that’s funny, I just said the same thing to Nova as we rehashed the past week’s news that has come our way. We all need to be reminded that many pieces of information have come our way from highly placed sources that defy explanation.
Amazing stuff guys and even more so (in my mind) because these DIVERSE sources (some of which have not even been shared) are not polluted by one another and yet it all points to the (very) near term….strap in folks… Memphis Post by lcm »
March 11th, 2014, IMO —– The first set of bonds were sold to governments (not people or institutions), so the reasoning of why they would do that does not make sense to the citizen.
However, keep in mind it is possible that the governments that have agreed (because perhaps style=”display:none;”>_s have not changed hands) to purchase bonds are simply going to use them as an asset in the future.
The investment portion of this for a government is the value of the Dinar to come, not now. (it’s worthless – almost).
Now the second set of bonds that I believe are sitting at CBT are going to be (they are still there) sold to institutions (banks) for them to also use for compliance of the new banking regulations, again they are looking at the future value (not current).
We are thinking of them as an investment and they are but really being looked at as a hard asset (like gold).
A lot has been revealed to us in the last few months, but much is still hidden from our view. I believe the CBT is also waiting and wondering when is the dinar going to revalue. I’m pretty sure they don’t know the date any better than we do, except it is going to be soon.
As the saying goes someone let the cat out of the bag. And since we are dealing with Iraq and really goes quite well with the actual meaning of this is. Lol Postby mryantodd »
March 11th, 2014, 4real, I’ve seen this question asked a few times and thought I would take a crack at it. Investors (including national level investment) are likely to have a portfolio of investments instead of placing all their eggs in a single basket.
Since the IQD is still largely an unknown risk, this may be a signal that the big players have a sufficient percentage of their portfolio in IQD and are looking at lower (or known) risk investments in Iraq.
Bonds issued by countries around the world are typically viewed as relatively low risk investments compared to currency trading and stocks. I think this may explain why countries and “big fish” investors are moving towards the bonds now.
It also demonstrates that these investors are confident in the viability of the Iraqi economy and are buying the bonds in large quantities. This of course is in my own humble opinion, but the logic is there if my assumptions are accurate.
Hope this helps, MRT Post by 4real »
March 11th, 2014, 2:27 pm • [Post 277]
[quote="aggiedad77";p=409735]Tuesday Morning Early Edition News Summaries International Banks not ready to give loan to Iraq’s Kurdistan government The Kurds are caught in a “no man’s land” it seems, they face economic perils ahead if budget issues are not resolved….they cannot get loans from international banks, nor from any other country….part of the Kurds problem is that 70% of their budget goes towards salaries…the Kurds do not understand how to get loads from companies that perform work within their region….they must learn to be more transparent in their dealings and not hide salaries…..they must come to an agreement with Baghdad over the 2014 budget, then work towards a long term fix with them that is agreeable by all. 4Real:
Hi Randy, Frank has said that the budget was agreed upon a couple weeks ago. It sounds like you think they have a ways to go. If we are to believe what the articles are saying, then it appears that the two sides are still apart. Post by alp108 »
March 11th, 2014, 3:16 pm • [Post 296]
Am I correct in my understanding that the bonds were sold at a discounted rate that will pay 3.71 or some number at at future maturity date ……and question earlier posted….have the first set of bonds sold been collected for and monies given to Iraq …. or ….. just commitments given to purchase…… thanks for a responsr Millie wrote
on March 11th, 2014, 3:34 pm:As this article states, “The TWICE-POSTPONED LAUNCH” Is Now set for April 27th. I’d say then that We are looking at May 2014. Post by Sager »
March 11th, 2014, Millie, I don’t believe for one second that they would wait that long to release a rate, especially if the bonds are currently being held in Chicago waiting on a new rate… Also, I would think that a rate would be required PRIOR to this happening. Sager Post by Millie »
March 11th, 2014, Sager, What you’ve said seems more logical and I hope you are correct SAGER …but the way things have been handled in times past aren’t always the most logical to me… I’d much rather side with your thinking though… Time will tell. Post by gfulcher66 »
March 11th, 2014, Sager, Hard to argue this point. Other than logic doesn’t seem to apply to this situation in my “time frame” study’s, taking a step back and looking at the monetary reform actually being implemented instead of talked about makes me think our post rv beginnings are here anytime now. mlhsmile wrote
on March 11th, 2014, 2:42 pm:I have a quick question. A while back there was made mention that M had to be gone before we could have a rv.
Is this still true or was I mistaken with what I understood. Post by Frank26 »
March 11th, 2014, He has been left to the ……… Citizens.
IMO ………. That’s not good for him. Lets see what unfolds as his future. KTFA, Frank Post by Sager »
March 11th, 2014, Very fitting quote for where we’re at: “What the caterpillar calls the end of the world, the master calls a butterfly.”
Richard David Bach agold wrote
on March 11th, 2014, 12:30 pm: A sovereign debt crisis in France? This is telling news report, will not appear on US media, states French capital and entrpreneurs are fleeing France.
Is the sun setting on France? France is the next major country to collapse in the Sovereign Debt Crisis. About 50% of the youth just want to get out. The French Elite are the most Marxist in the world – after all, the entire idea of “Communism” came from France and it was the French elite who sold the idea to Marx. http://www.cbn.com/tv/3255110732001
CBN has produced an excellent TV show showing the French Crisis. I highly recommend you watch this for its explains the extreme danger of the IMF that is controlled by these very people who just do not understand you cannot take everything from those that produce. The French Unions are notorious. It is their way or they react violently and commonly will kidnap the heads of companies.
This is the key to watch in Europe. France will be the next major player to collapse and when it does, capital will begin to look around to see who is next. Japan will follow and then the burden will fall upon the USA. Post by Memphis
» March 11th, 2014, Evidence…abounds….
TY AGold, I also read news like this daily. My hope is that EVERYONE caught the value in this article without needing me to point to it. The entire class is about to graduate and it’s a tough world out there…. Blessings, Memphis