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CNN. Broadcasting While Frank Keeps Talking About "Packages" ! Frank26 CC Wednesdy Night: 136 Minutes 760-569-7699 PIN 156996# RECORDED LINK Frank26 » June 6th, 2013, Greeting KTFA Family ........... Please enjoy: Frank26 IQD Conference Call after Investment Night….Wednesday, June 05, 2013 Notes: BulldogFord65 BulldogFord65: Hello Frank: Thank you to you and Delta for an exemplary CC!!! The family --- and the rest of the web for that matter -- are indebted to you both for this incredible call! We're Keeping the Faith -- Always!! Thank you, brothers! Delta joined Frank for this call... Preview of tonight’s call from Frank: .... • Delta has been on assignment for a while • Notice that Frank talked about “packages” and 3 days later the articles came out about “packages” • Frank just told us about the “National Meeting” on Monday, and today we saw the articles about “National Meeting” • Why did they wait so long for this meeting? It’s incredible to have 5 of the leaders together, and then today, another meeting with Barzani and Maliki – incredible! WHY NOW???? • Iraq tip-toed right over Chpt 7 and they’re in Chpt 6; it’s all over Iraqiya TV; focus on Chpt 6 • Where’s the PM of Kuwait? There are threats against him so the chpt 7 signing was delayed for security reasons • There is a date that’s official for the payment of government employees: June 19; about 78% of the workforce of Iraq are paid by the government (GOI employees, pensioners, soldiers, police, etc); the majority of people are about to get paid – why? Is there a basket of currencies revaluing? • Delta has news on the CBI/IMF exchange rate posting ************ Delta took the floor at this point: • Looks like the long journey of the IQD is coming to an end • Delta has been on assignment for about 10 days getting more and more info • Delta summarized the political situation in Iraq because it’s important: Hakim is the National Coalition leader (religious coalition) and he’s very well respected, liked and popular; there was a lot of tension between Barzani, Maliki, Najafi, the Sunnis and Shias; there was a brilliant plan for the last 3 weeks to televise the people praying in a mosque of each different sect every Friday, and it was televised live (religion is very important and influences the people), after the prayers, Maliki talked, and it was very successful • Hakim came for the National Meeting with the bloc leaders and there was also a big push from the USA • USA will never allow Iraq to fall into civil war, will not let the plan fail, too much $$ invested in it • National Meeting photo with all the political bloc the leaders all holding hands broke the ice, and the now the Council of Ministers will meet this coming Sunday, this is HUGE! These leaders are like mixing water and oil, and to have them together showing unity is HUGE; this is very important for the RV and Iraq in the long run • Seeing these images gave Delta “goose bumps” seeing these photos is really impacting the citizens • There is no other country in the world which is receiving the international support that Iraq is receiving; it’s unprecedented, especially a nation that is still under UN sanctions?!?! • The lower denoms are going to come out soon, the denoms will have the Kurdish language included on it which is also huge; to do this, need to show the world they are united • Malaki under pressure to go, but he is smart – will only get rid of him by his demise, illness or the next elections are in Feb 2014; M thinks he has another chance • Mobile phone companies in Iraq – about 2 or 3 big companies, AsiaCell is big; for AsiaCell to get licensed, they had to offer 25% of their stock for public trade (legal requirement); their IPO raised about $1.3 billion; another company, Zen, who has revenue of approx. $4.5 billion with net income around $900 million, it’s approx. 22% owned by Kuwait; the 25% mandated IPO was 55 million shares at 1 IQD per share, so 55 million IQD, or at today’s rate, is less than US$55,000; why would a $4.5billion company bother to come into Iraq to make less than $55,000???? Of course not, unless they know something about the rate of the IQD increasing – at 1:1, it would be US$55million • Same as with AsiaCell, their IPO shares were penny stocks, $0.02 per share, they will be trading on ISX on Tuesday at 1 IQD per share; this tells us about the rate! This should get us excited! • Announcement of Chpt 7 to Chpt 6 on Iraqiya TV; we’ve been waiting to see the PM of Kuwait come to sign off Chpt 7; a lot of people do not want to see Iraq to succeed due to jealousy and they threatened the PM of Kuwait with shooting down his plane if he went to Iraq, etc, so they had to come up with another plan – signed letters of agreement and went around chpt 7 and used chpt 6; even though still officially under chpt 7, most economic sanctions lifted and many other freedoms restored • On June 27 the UN Security Council will meet on formally releasing Iraq from chpt 7; this is really good! Move to chpt 6 is all over Iraqiya TV; official announcement must come from UN • Next month, Great Britain takes the UN Security Council chair, so they will make the formal announcement • The only thing that remains is the rate for the IQD • CBI did not hold any auctions Monday and Tuesday; there was a holiday, Mon – Wed; it is possible that when CBI opens back up on Thursday (8 AM) they could pull the trigger on the rate; it could happen at any day – it’s a “nanosecond by nanosecond basis”!!! • There was a lot of confusion on the forum about the 1000:1 ; this was actually Dr Shabibi’s plan in the beginning, but then it was changed due to the delays; Delta got confirmation that they will NOT come out at 1000:1, the 3 zeros will just be lifted and the 3 zero notes taken from the street as they are cashed in • The CBI will never and cannot control the market price of the IQD!! The only way the CBI can influence the market is by increasing the rate • Sources say in their opinion the rate is to come out in “early June” which is Jun 1 – 14; 15th is mid-June, however, no one knows the date or rate, so if we don’t see it by the end of June, don’t be upset – we’ve waited 10 years, a couple of weeks doesn’t matter • Look around and see what’s happening, it’s not coincidence; the rate must come out soon; remember, Iraq doesn’t have any money! No one has been paid (reference to the 78% of the population whose income is from the GOI) AND, Iraq owes $11billion to Kuwait; Iraq’s budget is approx. $100billion per month with approx. $70billion per month in just salaries, AND 5% goes to Kuwait – they don’t have enough money to pay everybody; there are private contractors that haven’t been paid in about a year and citizens that haven’t been paid in about 6 months • Frank asked Delta if he agrees that we will never see S go back to the CBI? Delta agreed, we will not see him go back. Frank’s opinion is that he will go to the World Bank/IMF; for now he is being protected by the USA and being kept in Jordan; Do Not Look for S to come back unless M is removed – likely M will not go before the RV, after the RV, it will be easier to get rid of M • Frank asked Delta about the National Meeting; Delta said the international support is for Iraq to succeed and be a model in the ME; it really brought excitement to see the leaders holding hands, especially M and Najafi; the importance is the laws that need to be passed – to see the unity signals that we should see the laws get passed quickly (HCL, Erbil, etc); Delta believes that M must stay until the RV after that ??? but he has 6 or 7 months until the next election, maybe he can change and the people will like him and elect him again – Frank thinks M will not change • Frank’s observation that the family needs to be patient and not keep demanding when will the RV happen, why it hasn’t happened yet, and instead use the time to praise God and get prepared! Relax! This is so close!!! Are you really ready?? Don’t worry about chpt 7 – Franks opinion that the files have been transferred into Chpt 6 • June is an amazing month – promise date to pay the citizens on the 19th, and UN Security Council vote on lifting Chpt 7 on the 27th ; of course this makes the entire month of June the time frame for study • About 78% of the work force is paid by the GOI from the janitor to the Finance Minister; approx. 80% of the monthly budget goes to pay salaries; the 2013 budget has not been opened yet because they “don’t have the key” yet • There are the private contractors needing back pay for the last year, the citizens who have 6 months back pay coming, and the oil revenue sharing needs to be paid – to comply with Article 8, they cannot use US$; this means 20-30 trillion IQD is required; the only way to meet the requirements is to raise the rate!! • Based on the examples of the 2 mobile phone companies and the money owed to contractors and citizens, it gives an idea of the rate – in Delta’s opinion, the lowest it can be is 1:1 IQD to USD; this makes it very easy for the citizens; the CBI has no choice, the rate has to be raised • Frank said we’re looking for numbers to be posted on the IMF sheet, but they are not being shown – why? Is it because of the IQD reform or possibly impending change in UN Security Council seat? Delta’s opinion is that IQD rate is controlled by the IMF, and all the other currencies in the basket must change at the same time and all of Article 4 must be satisfied; Delta’s opinion is that M doesn’t have control, he doesn’t have the power to control the IQD, even S doesn’t have control -- only the IMF is in control • Delta said the UST lifted the sanctions recently (1-2 weeks ago) on Iraqi banks; if the UST did not lift restrictions, how could the CBI raise the rate? All evidence points to this coming to an end soon • Frank said we don’t hear anything and then all these photos and articles came out about the National Meeting – everything hinges on needing a higher rate! Every good result from these meetings all depend on having a higher rate! • Frank had Delta tell the family the shocking event from today is the announcement on Iraqiya TV that Iraq just began their Fiscal Year (FY) today!! The FY starts when the budget is opened! S said that the LD’s will come out when the budget is open – technically the budget starts when people get paid, but the announcement on Iraqiya TV today that the FY has started – they cannot do this without a rate!! • Delta questioned what may be happening when M goes to Kurdistan to meet with Barzani on Sunday?? Very exciting!! ************ Bluestar came on the call at this point • Discussion of the basket of 25 currencies, opinion that the IQD RV will be significant; and opinion that the Indonesian Rupiah may go 2 weeks after the IQD; Frank feels it’s a good back up for a back up • Bluestar asked of all the recent events, what in Delta’s opinion is the most important? Delta replied his opinion is Kuwait signing Letter of Agreement to get Iraq out of chpt 7, and Iraq is unofficially out of chpt 7; Kuwait is happy and due to the investiture of Kuwait in Iraq, they want Iraq to succeed and make money! This also takes down Iran’s currency, and puts Iraq on top • Bluestar commented on posting from forum member that says everything on Iraqiya TV is a lie; Delta replied yes and no – Iraqiya TV gets their news from GOI, and if the GOI gives disinformation, then it’s reported, but Iraqiya TV not intentionally reporting bad information; we are seeing now that everything on Iraqiya TV is actually playing out now, we’re seeing the truth of what’s being reported in what is happening; the rate is going up, it must, and they are saying that on Iraqiya TV • Frank recommended for us to go on http://www.unitednn.com while it’s still free, the Iraqi news channels are on unitednn.com • Frank said he’s considering releasing the photo of the fireworks that signal the rate change so we know what to look for Important note: every forum member must have at least one post before the server maintenance this weekend – if you have 0 posts, your registration will be deleted! All members must make at least 1 post to remain active! Post now to avoid being “pruned” this weekend!!