STATUS OF THE RV
I need to clarify some more bullsh*t from the king of bullsh*tters TNT Tony. So, he strikes once again in defying odds that he could get any worst. I want everyone to know with absolute 1000% TRUTH that there is no “backscreen” trading going on with the Iraqi dinar to “bring the rate up equivalent to $3.91” as he says we are watching for, before they pull the trigger on the RV. Folks these kind of statements are utterly stupid and anyone bring this kind of “intel” to you should be banned because this is irresponsible garbage. So, what is wrong with this statement made by TNT Tony Renfrow and his side kick Rayren? Let me explain.
First of all, traders can’t trade the Iraqi dinar since OFAC sanctions are still on the currency and have not yet been lifted. It would be illegal and very risky to put any of the dinar in investment portfolios at this time. Any responsible financial manager would not do it. So, who are these investors he claims are driving the back rate up? Secondly, there is no back screen trading platform, so even if they did want to trade the dinar how would investors do it? How would they pay for the dinar? Who would track their shares of the currency? There would also have to be a vehicle in which to sell the dinar and pay proceeds or track losses that does not exist.
Next, if any private investor wanted to buy dinar for their personal investment portfolio in massive amounts, they could easily do it but from an internet broker for 1/6 of a penny and not for the $3.71 as Tony tells everyone the rate is now on the backscreens just waiting to reach the $3.91. Would you be buying the dinar for $3.71 now if believed it would go up and possible crazy for awhile on FOREX? Really now lets think, think, think….. 😊 How would any of these so-called backscreen investors make any money?
Finally, I need to add that the new Quantum Financial System (QFS) is now being tested and has been in test mode since 2012. It is now calculating the new rates of the worlds currencies, with intricate algorithms that go against a country’s assets and relationships to other currencies in the order of the pegging groups. As the years passes they have been slowly updating the system with more and more data as more currencies entered the QFS. This has been experimental up to now as they have played with the pegging groups and rearranged them with the goal of coming up with fair and honest rating of global currencies. I had the opportunity to look at the screens they use to set the pegs and enter assets. It is very complicated. So, knowing all this is this what the TNT jerk is talking about? Why can’t he ever get it right? It probably is the rate in the QFS he is talking about and not back screen trading. So, the rates he refers to are not being driven by trading but rather simply the algorithms the dinar is based on and the progress of the economy of Iraq. If you care to remember I told everyone months ago that my CBI contact told me the new peg for the IQD has been determined and the IMF is going to use five other currencies in the re-pegging of the IQD when they finally do reinstate it back to FOREX. This is FACT and not my opinion.
Could this be what the TNT jerk is talking about as they watch the rate rise based on other global currencies? We all know they want the rate just at about $4.00 mark. So, someone giving this jerk his intel does not know what the hell they are talking about. Funny thing is the TNT jerk knows all about the QFS but forgets what he learned from the past. I can remember him talking about the QFS and the beta testing they were doing a decade ago. I guess all that expensive brandy and those Cubano cigars has hit his brain too hard. Like I said so many times already, you can’t forget what you learned from the past as FACTS. You always have to go back to the FACTS to debunk this stupid nonsense rumors and garbage intel that these intel gurus tell you. It is not very hard to do either, if you have a solid and factual background of knowledge of which to go by, which I am proud to say I do. Remember also that this comes more naturally to me since this was my job while in the U.S. Army intelligence. I collected raw data, formulated assumptions, then worked to debunk it or prove it factual. My job was then to brief the higher command of the situational picture that was forming. On top of all this I was stationed inside Iraq and so I know how the language can be misinterpreted and confused from Arabic to English.
So, in summary I wish this TNT jerk would just open his eyes to the idiot giving him his daily doses of fiction. They are never correct and just play head games with him over and over again. How many times have we heard about a pending RV and yet here we sit decade later with nothing.
I know all you TNT pied-piper puppets all desperately want to deny the truth and go along with such nonsense and you enjoy the roller coaster ride from each of his conference calls. You idiots even pay for it, really? But again, I have to add where does all lying get you? Does it make the RV happens any faster? TNT Tony is a scammer and is taking advantage of your lack of investment knowledge. He claims, as all scammers do, to want to help you and gives you tidbits of information just enough to real you in like a fish caught in the hook. This is really sad as many of you investors are older people and don’t know any better. But you do now and that is one of the primary reasons why I am here with my blog.
What else is in the news?
The “real” news could not get any better than maybe getting the RV. So let’s run down what happened this past period.
Ministry of Justice spokesman, Ahmed Laibi, said today that the Iraqi Facts Department addressed the House of Representatives with an official letter in order to send the schedules of the Federal Financial Budget Law for the year 2024 in order to publish them in the Official Gazette. So why then so many lies that the schedules were to be published in the Gazette last Saturday when there we no chance even it could? Who told you this? Why are you waiting so diligently anyhow for the Gazette publication? Could it be that you still believe the new RV rate, the one you are looking for will be published at this time? All I can say is good luck with that!!! 😊 Like I said many times the RV rate WILL NOT EVER be published in the Gazette. You are dreaming if you think so.
Yet more sources of revenues for Iraq:
In Shafaq News we learned this past Sunday that Prime Minister Mohammed Shia Al-Sudani confirmed that his government aims to convert at least 40 percent of Iraq’s oil exports to derivatives and refinery products, thus yet more revenues from the maximization of Iraq’s resources from its oil wealth.
In the recent past we read articles about these Iraqi oil refineries coming online soon and so we are now here. Iraq will no longer have to spend it revenues on purchasing gasoline and diesel fuels from Iran. Yet another blow to the Iranian economy. Just so you know Iraq is going to do the same from the blow off gas from the wells. This is natural gas and plenty of it that is currently being wasted and just burned off. Iraq plans to fuel it power plants with the gas to supply 24/7 electricity. They will also need reliable energy sources to run the growing Iraqi industry.
The Iraqi Deposit Insurance Company:
All I can say about this Iraqi Deposit Insurance Company is that finally someone is leading this country of Iraq down the right path. The similarities of what happened in WW2 bombed out Europe to reconstruct it is playing out now in Iraq, finally! The Iraqi Deposit Insurance Company is playing an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years. Remember that it takes money to reconstruct a country from a war. Where is all this money going to come from? Many of these intel gurus lie to you about the RV and they tell you all they need to do is just “pull the trigger on the RV” and all of Iraq’s problems go away. Well the article proves to you just as I have been saying this is not going to be the case nor was it ever the case. How stupid and ignorant of a thing to tell your listeners. These kind of statements just prove once again these so-called intel gurus have no clue what the hell they are talking about.
Germany’s experience after World War II is an inspiring example of how banks can play a crucial role in the country’s reconstruction
International Monetary Fund (IMF) mission in Iraq:
The IMF also poked its head up recently as the head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat said there has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal. His comments sounded all optimistic about the advancements so far in the economy. But just remember although the IMF is being positive on the outside, they would love to send in their economic hitmen to destroy the Iraqi economy so they have to resort to enormous IMF loans to help pay the deficit. But I do not believe at this stage they would get away with this as Al-Sundani is wise to their tactics. He has already said they plan to pay off the past IMF debt soon and do wish to resort to any more loans to cover the deficit. Folks this is all amazing, fantastic news....
to be continued
