The current stress in the Capital Markets have resulted in considerable exposure for the US, and liquidity shortfalls have created delays.
Next week the UK withdraws its remaining Navy support for retraining Iraq’s naval forces.
The world needs oil and Iraq needs its own money badly to underpin its own internal economy. If Iraq can now sell its own oil rapidly and convert to its own dinars to fund its desperate economy, the world will see an increase in Oil volume, which will settle and lower Oil price levels, helping Global economies recover.
I suspect, after meeting the UK Prime Minister and Queen, the new Dinar will soon be released. Today, Tuesday, is only a full Palace ceremonial show for world PR. The real time agenda you now have. The President and British PM only meet on Wednesday to fully discuss the Middle East. No doubt some cross business is outstanding there with many agendas needing to be settled. Iraq has to disburse a lot of trade via Kuwait and Kuwait is a British protectorate, so the Brits are key to any deal now. Iraq and Kuwait will need London’s Forex market support.
Almost every key Tax Haven and Offshore Banking centre in the world is either British owned or protected. For sure, with all our Middle East interests we will be up to the nose in any solution. Kuwait and Iraq are so intertwined it will be impossible to impose such a Constitutional change without the Brits. Love them or not, the Brits have their noses in all the key money troughs globally with 65% of all world Forex trades routed via London. I suspect this visit to see the Queen and British PM all links into a new Iraqi market launch. It fits logically.
Plus, Obama will be doing his own private EU and London Offshore banking. As well as collecting his share of the old looted US money hidden by Bush and Clinton from Ireland. His lick!
With forces now withdrawing from Iraq we have to set them free, so releasing the Dinar now makes a lot of sense. How else can they grow and fund their internal businesses?
The Volcanic Ash cloud erupting again from Iceland has already affected Obamas tour and schedules. He now is spending more time in Britain. He arrived a day early. His flight path back may be affected as the volcano is erupting again but slowly. The Brits will max out the Dinar deal while he’s here. Huge pressure will be on for this week now. He is spending an extra day here.
This looks a big week for Iraq. London will be deeply involved. Wednesday is the Middle East meeting day. Action is more likely after that. This sudden surge in Iraqi Dinar futures must be based on a lot of leaks. They are exiting in June on a 21 day cycle so market forces are already at work. Yesterday morning it was blank. It all hit the night desks without warning. Speculating launched last night. All I can assess is it’s imminent. Now we have their meeting time scales we can make a few guesses. Pick your day after Wednesday and it has to be by next week or the Forex futures bets are all blown. Whatever the stresses, it’s profiling strongly now like it’s between one day to a week for the nightmares to end. I strongly suspect a lot of that Forex gambling is Arab money in the know.
To me this summarises all the key issues. You make the guesses. Whatever the pain, it looks imminent now.
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