Sunday, November 30, 2014

DANCE WITH ME

Backdoc Early Sunday Morning Post - DANCE WITH ME

11/30/2014

(Thank you Backdoc for emailing this to Dinar Recaps.)

DANCE WITH ME

IN REVIEW, THE PAST WEEK HAS BEEN ALMOST UNBELIEVABLE. WE HAVE SEEN THE GOI TELL US THAT THEY WOULD ADDRESS LAWS THAT DEAL WITH ECONOMIC, JUDICIAL, OIL AND GAS, BANKING REFORM AND ALL OTHER REMAINING LAWS INCLUDING THE BUDGET.

THEY DELIVERED! WE HAVE SEEN THEM JUMP INTO AMENDING THE INVESTMENT LAW AND ADDRESSING CONCERNS OF THE ECONOMIC SECTOR.

NEXT WE SAW THEM ADDRESS THE JUDICIAL LAWS BY EVIDENCE OF STARTING WITH A ROAD MAP OF NATIONAL RECONCILIATION.

WE ARE SEEING THE EARLY SIGNS OF THAT ROADMAP BEGIN TO UNFOLD. FIRST WE SEE THE CORRUPT HEAD JUDGE THAT MALIKI WOULD ALWAYS GO TO IF HE WANTED TO FALSELY IMPRISON SOMEONE BE EXPELLED! WOW!

NEXT, MALIKI’S SON IS DEALT WITH AND CUT OFF FROM THE PURSE STRINGS!! LOVE THAT ONE!  HEE HEE
AND FINALLY WE SEE EVIDENCE THAT THE CORRUPTION FILE ON MALIKI HIMSELF HAS BEEN OPENED SINCE HE IS UNDER REAL PRESSURE TO BE ARRESTED FOR MULTIPLE CRIMES INCLUDING TREASON! NICE!

HOW’S THAT FOR AN OPENING ACT ON THE ROADMAP FOR RECONCILIATION?

AS I MENTIONED IN A PREVIOUS POST, WHAT IS IMPORTANT TO THE AVERAGE IRAQI IS TO SEE IS TRUST IN HIS FELLOW MAN AND THE RULE OF LAW! WELL, TO PROVE THAT BEST YOU HAVE TO START AT THE TOP AND WORK YOUR WAY DOWN WHICH APPEARS TO BE WORKING!

WHO ELSE NEEDS TO KNOW THEIR IS A PROPER RULE OF LAW? BUSINESSES! BINGO!

WITHOUT IT THERE IS NO HOPE FOR BUSINESS DIVERSIFICATION. WHO WOULD WANT TO TAKE THAT RISK AND COME TO A COUNTRY THAT HAS NO RULE OF LAW? NOBODY!

RECENTLY WE DISCOVERED THAT THE BANKING REFORM AND LAWS TO LEGALLY PROTECT THE CBI FROM THE GOI LOOK TO BE PASSED PRIOR TO THE BUDGET WHICH IS WHAT WE WOULD EXPECT! NO BANKING REFORM, NO RI PERIOD!!!!

OK, SO NO PROBLEM. NEXT WE HEAR OF OIL AND GAS TO BE PASSED AS WELL AS THE BUDGET IN THE VERY NEAR TERM. ONE ARTICLE WAS TRANSLATED TO STATE THAT MANY OF THE LAWS WERE SAVED IN DRAWERS. MMMMM

I GUESS THAT GETS US RIGHT BACK TO THE POINT THAT OZ WILL TELL THEM WHEN TO PUT THEM IN THE GAZETTE!

LET’S TALK ABOUT THE OIL LAW FOR A SECOND. WHY DO YOU THINK THEY NEEDED A LEGALLY BINDING AGREEMENT SIGNED ALREADY? WELL, IN MY OPINION THEY NEEDED A GUARANTEED LEGAL AGREEMENT BEFORE THE ECONOMIC SUMMIT! MMMM WHY?

BECAUSE THE SUMMIT WAS MORE IMPORTANT THAN WE ALL KNEW! THAT’S RIGHT, REMEMBER ARTICLES STATING THAT THE OIL MINISTER WAS CALLING FOR COMPANIES TO COME TO IRAQ TO DO MORE BUSINESS?

YES, YES, YES, AND COME THEY DID TO SIGN CONTRACTS!!! WITHOUT THE SIGNED HCL AGREEMENT IT WOULD HAVE BEEN A FAILURE! BUT SINCE A LEGAL WORKING RELATIONSHIP WAS IN PLACE COMPANIES CAME TO SIGN CONTRACTS FOR BUSINESS!

HANG IN THERE WITH ME. NOW WHY ARE THESE CONTRACTS A BIG DEAL? GLAD YOU ASKED! LOL

LET ME PUT IT THIS WAY, IF YOU WANTED TO BUY A HOUSE AND WANTED TO APPLY FOR A LOAN WHAT WOULD THE BANKER ASK YOU? PROOF OF INCOME RIGHT? RIGHT! AND GOOD CREDIT RIGHT?

WELL, IF YOU WERE A COUNTRY AND YOU NEEDED TO ASSURE OZ YOU DESERVE A RATE AND ARE WORTHY OF SOME LOANS FROM THE WORLD BANK WHAT DO YOU NEED?

OK, THE LOOKIE LOOKIE OVER HERE ARE ALL THE LAWS REQUIRED BY OZ WHICH APPEAR TO BE ARRIVING SOON AND THE BUDGET WE ALREADY KNOW. WHAT ELSE?

RIGHT, A GOOD CREDIT RATING!! THAT'S WHY WE SEE ARTICLES TALKING ABOUT THEM BEING SERIOUS ABOUT PAYING THEIR DEBTS AND ALSO ARTICLES ABOUT THEIR CREDIT RATING !!! MMMMM

NOW REALIZE THAT THEIR RESERVES ARE JUST THAT RESERVES. THEY CAN’T BE BORROWED OR USED EVEN IN TOUGH TIMES LIKE MALIKI TRIED. THEY ARE THERE TO DEFEND THE VALUE OF THE CURRENCY THAT OZ GIVES THEM! REMEMBER, THE CBI SAID THEY COULD DEFEND THEIR CURRENCY WITHOUT A CEILING! WOW!

SO, NOW THEY ARE NOW WHERE THE RUBBER MEETS THE ROAD!

THEY NEED TO LIVE ON THEIR CASH FLOW! WHAT A NOVEL IDEA! LOL

IF THEY REALLY WANT TO BE INTERNATIONAL TO DEFEND THE RATE OZ WANTS THEM TO HAVE, WHAT DO THEY HAVE TO DO? THEY HAVE TO PROVE THEY CAN CREATE ENOUGH CASH FLOW TO JUSTIFY THE RATE! HOW DO THEY DO THAT? BINGO!!!!! CONTRACTS MY FRIENDS, CONTRACTS!!!

AS I’VE STATED FOR WEEKS NOW THAT OIL WOULD HAVE TO REPRICE IT’S SELF LOWER TO THE DOLLAR GETTING STRONGER AND BY NOW I’M SURE YOU ALL BELIEVE ME!

GOLD HAS STARTED ITS SLIDE AS WELL!! WHAT BETTER WAY COULD THE EMPIRE USE TO ENCOURAGE IRAQ TO DO THEIR JOB AND COMPLETE THEIR PART? WELL, IT APPEARS TO BE WORKING DOESN’T IT?

WITHOUT A FAIR JUDICIAL SYSTEM AND PROPER ECONOMIC LAWS IN PLACE THESE CONTRACTS WOULD HAVE NO RELEVANCE.

LIKE I MENTIONED WEEKS AGO, IRAQ WOULD HAVE TO INCREASE PRODUCTION, CUT THEIR EXPENSES, AND DIVERSIFY THEIR ECONOMY WITH FALLING OIL PRICES!! THE CONTRACTS WILL HELP THEM DO JUST THAT!! WE DON’T KNOW WHAT DAY THEY WILL BE INTERNATIONAL BUT IT DOESN’T APPEAR LIKE IT WILL BE LONG!

IF IRAQ WAITS TOO LONG TO GO INTERNATIONAL IT COULD DESTROY THEIR ECONOMY AND PUT IN JEOPARDY THEIR RESERVES.

LET ME GO OUT ON A LIMB FOR SAKE OF DISCUSSION!! AS I’VE TOLD YOU MANY TIMES THAT OIL IS NOW CONSIDERED A CURRENCY!

IF YOU THINK LIKE THAT FOR A MOMENT IT TAKES YOU DOWN A PATH YOU HAVE TO CONSIDER.  A CURRENCY IS ALWAYS RELATIVE TO ANOTHER CURRENCY. WHEN YOU COMPARE A CURRENCY YOU COMPARE IT TO ANOTHER CURRENCY RIGHT? LIKE THE DOLLAR COMPARED TO THE EURO.

WELL, I THINK THE LOWER OIL PRICES GO THE HIGHER THE DINAR VALUE WILL BE WHEN OZ DELIVERS A RATE! THIS WILL HELP IN THEIR PURCHASING POWER AND ALSO STEM THE DECLINE THEY ARE EXPERIENCING IN THEIR OIL REVENUE! MMMMM

WE KNOW THAT IRAQ WILL USE THESE CONTRACTS IN HAND TO  ACT LIKE A LETTER OF CREDIT TO OZ!

THEY WILL BE KEY TO MAINTAINING OR INCREASING THEIR CASH FLOW IN THIS DECLINING OIL PRICE ENVIRONMENT! SO AS YOU CAN SEE IT IS CRITICAL THAT THEY GET TO INTERNATIONAL STATUS QUICKLY TO PREVENT HARM TO THEIR COUNTRY AND THEIR CURRENCY!!!

SO HERE IS SOMETHING TO CHEW ON AS WELL.  WITH THE DOLLAR CONTINUING ITS’ PATH FROM THE LOWER LEFT ON THE CHART TO THE UPPER RIGHT ON THE CHART, THE PRESSURE IS ON TO ACT!

OIL IS CURRENTLY IN CONTANGO! NO I DIDN’T SAY TANGO, THAT’S A DANCE! LOL

CONTANGO IS A CONDITION WHERE FUTURES CONTRACTS BOUGHT  ARE MUCH HIGHER THAN THE SPOT PRICE. THE SPOT PRICE IS TODAYS VALUE. THIS PRICE IMBALANCE IS VERY NEGATIVE FOR THE PRICE OF OIL GOING FORWARD!!

THEY WILL HAVE TO FIGURE OUT WHAT PRICE TO USE FOR THEIR BUDGET IN A VERY NEGATIVE PRICE ENVIRONMENT. AS I SAID IN MY LAST POST THAT OPEC WILL BE HOT AIR AND THAT’S WHAT THEY ARE NOW! THE REAL PRICE ON OIL WILL BE CONTROLLED BY THE G 20 NOW! OPEC HAS BEEN BROKEN NOW! THIS CURRENCY WILL BE CONTROLLED BY THE EMPIRE NOW!

THE FINAL COMMENTS I WILL LEAVE YOU WITH TODAY IS TO NOT BE DISTRACTED BY THE DRAMA WE SEE UNFOLDING ON THE LAWS! THIS IS JUST A DISTRACTION FROM THE IMPORTANT ISSUE. THAT ISSUE IS IT’S ALL ABOUT BUSINESS!!!

YES, THE LAWS ARE IMPORTANT ESPECIALLY THE BANKING LAWS  SINCE THEY PROTECT THE CBI BEING INDEPENDENT. THE LAWS WILL BE PUT IN THE GAZETTE WHEN OZ TELLS THEM TO!!

LET’S WATCH THE CURRENCIES: THE DOLLAR, THE DINAR, AND OIL PRICES,THE DRAMATIC RECENT MOVEMENT IN THE DOLLAR AND OIL PRICES IS CURRENTLY UNDERWAY!
I’M LOOKING TO SEE SOMETHING SOON HAPPEN TO THE DINAR SINCE IT IS THE CURRENCY THAT HAS TO ADJUST TO THE OTHER TWO!

THIS WEEK FOR A FEW SHORT MINUTES I CAPTURED A PICTURE OF OVER 7 DOLLARS ON MY XE CURRENCY APP.  WAS IT JUST TESTING? YES, BUT IS A HIGHER RATE POSSIBLE THAN WE PREVIOUSLY THOUGHT? ABSOLUTELY!  WHY? BECAUSE THE PRICE OF OIL GOES INVERSE TO THE DOLLAR PRESENTLY AND I BELIEVE THE DINAR WILL REFLECT THAT CHANGE AS WELL! THE NOTE COUNT IS A NON ISSUE, SO IT’S ALL ABOUT BUSINESS NOW!

WE HEARD IRAQ CALL FOR BUSINESS PARTNERS TO SIGN CONTRACTS WHICH THEY DID IN THE SUMMIT ENDING THE 30TH!

IT REMINDS ME OF AN OLD SONG IN THE 70’S BY A GROUP CALLED ORLEANS. IT’S CALLED “ DANCE WITH ME”

“DANCE WITH ME, I WANT TO BE YOUR PARTNER, CAN’T YOU SEE?

THE MUSIC IS JUST STARTING, NIGHT IS CALLING AND I AM FALLING DANCE WITH ME!”

IRAQ NEEDS DANCE PARTNERS AND THEY NEED THEM NOW TO DEFEND IT'S CURRENCY!

THE NEED TO RAMP UP OIL AND GAS PRODUCTION WHILE BEGINNING THEIR MINING AND AGRICULTURE NEEDS TO BE GAME ON!!

IT’S TIME TO DANCE!  DOC

IMO

No comments: