Studley Chat Update Sat 1-28-12

Posted Saturday, 01:57 AM

[Studley] I WANT TO GO OVER SOME BASIC RULES OF CURRENCY PLAYS TO HELP EVERYONE…

[Studley] NOTHING IS FINALIZED UNTIL THE RELEASE OF THE RI OR RV…. THIS EVENT CAN CHANGE COURSE UP UNTIL THE LAST MINUTE BEFORE RELEASE

[Studley] THIS IS NOT FINALIZED…. IMF AND OTHER ORGANIZATIONS HAVE GIVEN ULTIMATUMS TO IRAQ…. THAT MEANS THEY ARE TRYING TO FORCE THIS OUT….

AS WE ALL KNOW THIS HAS BEEN TRIED BEFORE, IRAQ HAS MADE IT VERY DIFFICULT FOR THE IMF, BIS, WB, AND OTHERS….

[Studley] I BELIEVE, BASED ON HIGH LEVEL CONTACTS, THE IMF, LEGARDE IS PUTTING IRAQ’S BACK AGAINST THE WALL TO MAKE SOMETHING HAPPEN….

SHE DOES NOT WANT TO RI…. BUT IF IRAQ DOESN’T COOPERATE… SHE WILL HAVE NO CHOICE BUT TO INSTITUTE AN RI

[Studley] I WILL HAVE MORE INFO THROUGH THE NITE INTO SATURDAY…. THERE ARE STILL POWER STRUGGLES GOING ON RIGHT NOW…. AGAIN IT IS NOT SETTLED

[Studley] THE BANKS ARE AND WILL BE PREPARING FOR A CHANGE IN THE DINAR…. THIS CAN HAPPEN OVERNITE, OR CAN TAKE SOME TIME BASED ON FINALIZING THE POWER STRUGGLES

[Studley] AGAIN… THE POWERS THAT BE CAN CHANGE THEIR COURSE OF ACTION ON A DIME…. I AM LOOKING AT THIS FROM A GLOBAL PERSPECTIVE…. THIS IS NOT JUST AN RV…. THERE ARE MANY PROGRAMS, COUNTRIES, AGENCIES, ETC. THAT ARE BEING AFFECTED AS WE SPEAK….

[Studley] MOST IMPORTANTLY…. TAKE EVERYTHING YOU HEAR WITH A POUND OF SALT… THE POWERS THAT BE ARE GOING TO THROW THE KITCHEN SINK AT YOU RIGHT UP UNTIL THE LAST SECOND BEFORE AN RV…. STAY BALANCED…. STAY GROUNDED…. I KNOW HOW TOUGH THAT IS…. BUT IT WILL BE WORTH IT….

[Studley] GMANSAID…. IRAQ IS A FLEDGLING DEMOCRACY…. I WOULD SAY STUDY HISTORY…. THIS COUNTRY IS STRUGGLING WITH THE BASICS OF DEMOCRACY… THEY HAVE BEEN A DICTATORSHIP FOR CENTURIES…. THEIR PEOPLE HAVE BEEN LIVING UNDER A SLAVE LIKE SYSTEM FOR YEARS… IT IS EXTREMELY HARD TO CREATE DEMOCRATIC INSTITUTIONS….

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