Guru TLARS' thoughts on where we are (BIG PICTURE) from

a few days ago

 

12-5-2014 Newshound Guru TLAR: This has been a banner week for our

investment. Iraq seems to
be getting ready to do something maybe as early as this month with
their currency. We have been waiting for the tariff law to be
implemented for four years. It was implemented January 2nd. The
tariff law by itself, without an increase in the dinar is
inflationary because it will add between 20 and 50% to selected
imports. Iraq has to import everything it needs because it has yet
to start to develop its manufacturing and markets. They have stated
that the products to be included at first will be mainly luxury
items and that future products will be added over a four year
period. It still going to raise the prices of everything except
basic food stuffs which is inflationary.

Iraqi parliament has been busy removing thousands of laws on the
books that the Saddam regime had put in place which were hindering
investment and a free economy. We have been waiting for over a year
to see new legislation designed to encourage investment and free
enterprise. Well guess what? They had passed those laws a while
back but never told anyone. Those laws are now being implemented.
The first article below shows that these laws were passed but not
in the news and they are now being activated. They slipped another
one by us. (Article 1)

MORE GOOD NEWS

The Bank of International Settlements (BIS) is this month for the
first time accepting the dinar as deposits.

The new smart card is being issued which will allow for Iraqis to
get paid in something other than cash. They will be able to make
purchases and use the ATM's when they need cash.

Iraqi's working for the government will have their salaries doubled
soon retroactive back to Jan 1 of 2014.

This is also the month Iraq becomes a donor nation. (IMF)

The WTO met to determine whether or not Iraq will be admitted for
full membership on Dec29th. There has been no announcement of the
results of this meeting as of yet. Remember the WTO had told Iraq
in 2010 that they wanted to see the dinar close to the value of a
dollar before they would be admitted to full membership.

On the 7th of January the CBI will start selling bonds for the
first time since the Saddam era. This is an important "monetary
tool" which is one of the three tools that ultimately will replace
the auctions. The other two tools are the tariffs (implemented Jan
2nd) and the Exchange rate not implemented yet. Bond sales are a
necessary vital tool for the CBI in order to support the currency
and control inflation. (Article Two)

Kurdistan has started sending oil through the pipeline into Turkey
with Bagdad's blessing. This means that the numbers have been
agreed upon as to revenue sharing of oil profits. It sets the stage
for the budget to be passed. The COM has just released the budget
to parliament today to be voted on. With Bagdad and Kurdistan in
agreement, it should pass quickly.

Article 140 was agreed upon by making it its own province that
eventually will be under Kurdistan influence.

So what does all this mean? For years all of this legislation has
been tied up. All of it is coming together this month, January, and
the really interesting thing is BIS now accepting the dinar for
deposit this month to be used shortly for international
settlements. The dinar to be used INTERNATIONALLY. They have not
yet declared IMF Article VIII, but they must be very close.

Here's the deal if they don't. BIS can't use their currency until
they declare Article VIII for international settlements. Nobody
will accept Iraq's toilet paper which is only good in their own
country. The WTO will not let them in as a permanent member with
the currency as it is. The tariffs will be inflationary. The budget
is written at 1.16 dinars per US dollar but will have to be
refigured again. Without a currency their economy and all the press
recently touting about Iraq's economic rebirth in 2014 and the
explosion of a free market, will again be wrong. The economy will
continue to be stagnant unless they introduce the new Iraqi dinar
internationally. 2014 is our year and it may be as early as
sometime this month. They can do it anytime this month and make it
retroactive to January 1 just like everything else. Anyway
everything looks like it is finally falling into place after years
of waiting.

Just a side note. The whole country of Iraq has pulled together and
is fighting al-Qaeda. Sunni militias are fighting along with Shiite
militias as well as the Iraqi Army along with the US soldiers and
Iran Quads. They have stamped out 80% of the al-Qaeda organization
in two weeks. They have as of yesterday killed the leader in Iraq
of al-Qaeda. In another week it should be settled. Al-Qaeda tried
to make a move in Iraq. Most coming through Syria. By the time the
opposition to them organized they had made some gains. They are on
the run now. Interesting though, Iranians fighting on the same side
with the US, Sunni's and Shia's.

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