We've had crazy weeks...
But this one EASILY takes the mocha chocolate triple layer cake.
Here's a VERY simplified timeline of the DRAMA unfolding for the
past couple weeks.
Hang on tight...take a deep breath cause it gets bumpy.
This is not a totally accurate time line but is more to give you a
SOLID understanding of whats going on in Iraq.
--Iraq scrambles to prepare for Arab Summit
--The national Meeting is delayed till after summit...very
disappointing.
--Arab Summit is a mixed bag of success...they actually had the
summit and no one was killed (hooray!) but major leaders semi
boycott because of Maliki's "dictatorship" and empty promises...
--CBI announces it needs NO laws passed to carry out the remove the
zeros project (only regulations preparing for the change)
--National Meeting delayed again (infighting between the groups
over Erbil, HCL, Ministers, power sharing etc--nothing new here)
--CBI shuts off US dollar auctions--saying most of the USD they put
on the street is going to Syria and Iran...they add strict policies
to money dealers they want to know who and why individuals need the
USD...
--Preparatory Committee can't even agree on the agenda of the
National Meeting...accusations fly between the groups...Kurdistan
threatens breaking away from Iraq...
--Kurdistan turns their oil flow off...costing Iraq billions of
dollars...they want Erbil implemented and payment for their oil
(this is BOLD action)
--Kurdistan president Barzani visits Washington and meets with
Obama and Biden...
--Maliki claims he and the GOI have authority of the CBI and demand
they STOP the delete the zeros project and not increase the value
of the dinar....and to turn the US dollar auctions back on NOW...
--CBI says GOI has no authority over them or monetary policy...
--Dinar value in the streets of Iraq DROPS along with Iraqi's
confidence in it...
--Barzani hold a press conference discussing the situation in
Iraq...nearly calling Maliki a dictator, saying Obama and Biden
support him and dropping the bomb shell that if Iraq does not give
them their land back and implement Erbil like agreed they will
resort to war (he even said he had a timeline for action but was
not ready to reveal it). Here's the video link I sent you
before...if you didn't get to watch here's the Dinar Guru Members
only Blog post.
--Maliki is furious (speculative) about Barzani's visit with
Obama...
--US releases statement that US invited PRESIDENT Barzani...and
made it a point to say he had the Red Carpet treatment like any
other PRESIDENT would. (WOW)
--Barzani promises huge political changes when he returns from his
world tour.
--Maliki Controlled Suprem Court rules that the GOI has authority
over the CBI...
--Maliki threatens to FIRE Shabibi
--Council of Ministries sends letter to CBI and demands the shut
down of the delete the zeros project...that is harmful for the
country...
--House of Representative says GOI or Council of Ministries has NO
authority over the CBI and quotes the Iraqi constitution...
--Inflation shoots up to 8.3% in March...the Economic Commission
call for bold action to strengthen the dinar
You see? TOTAL craziness...
This is all going on by the way while Iraq is pleading with Kuwait
and the UN to let them out of CH 7.
Which leads us to NOW...
Tomorrow...Kuwait, Iraq and the UN are to meet to discuss all the
issues between the two countries...
The UN wants to bet 100000% assured Iraq is doing what they said
they were going to do...
If they are (and this is a HUGE if), they will let Iraq out of Ch 7
I'll let you know how this goes.
As of today, it appears headway was made on the HCL and
Ministers...there are reports they'll vote on both "soon".
The fate of the CBI and dinar project are still unknown.
There is talk Maliki is loosing power (but I won't believe it until
I see it--show me the witches broomstick to prove she's dead!)
On a certain level its business as usual over there...
Iraq expects delivery of $5.5 BILLION worth of Boeing passenger
planes before the end of the year...along with 4 regions planes
from Canada.
This makes Iraq the largest fleet of planes in the region.
Not too shabby for a country just a few years ago had ZERO.
The Intel gurus are reporting their contacts are saying we are
still right there for the RV to pop.
Everything you read above is the reason why this is such a
speculative high risk investment.
The whole thing feels like it could EXPLODE...
But here's the thing...it could easily have a HUGE economic
Explosion
Huge upside.
or the bad way...
Check out the updates today...and the posts of the day...great
stuff indeed.
Oh, one more thing...you're Platinum member (THIS WAS A PLATINUM
MEMBER EMAIL.
...if you have a
question or comment BE SURE TO PUT--"____"-- in the subject
line of your email to me...
This way I'll be sure to see its from YOU.
You go to straight to the front of the line! :)
I get so many emails now, I don't want you to get lost in the
scuffle !
have a wonderful spring weekend!
Talk soon