Posted 29 April 2012 - 10:41 PM
From Frank26 and KTFALWAYS: April 25th 2012
Tonight one topic and report from Iraqiya TV
Didn’t they say they would stop the auctions in July? This is important. It’s amazing. The auctions are very important to Shabibi and the CBI.
Iraqiya TV came on this morning and said it looks like the auctions are now stopping. That’s not possible says Frank. Shabibi needs these auctions. But wait; Shabibi and the AoP have set a really nice table for the WB to come and visit and check out their China. It’s no longer plastic-ware. Stop by and help us remove some cockroaches the same way you removed them from the GOI. Can you do that for us WB?
Why do you think the WB would do that family? Why would the auctions stop now when they said they would stop in July? Why is the WB coming? It’s because the CBI, AoP and Shabibi have something to show off.
When they told us that they were going to do this in July, oh wow! If they do that, they have just choked…
Today Shabibi comes out and says “In the coming days few days”…what? What’s coming? I’m going to turn the auctions over to a State bank??? What? Seriously??? Did you hear that? What do you mean? You don’t need the auctions? It’s not something we require any longer. Did you just hear what Shabibi just said????? That’s how you control inflation! Why would you quit the auctions you need them!
You see Family the auctions they are selling hard currency. Do you know what hard currency is? The auctions are used for hard currency movement. The hard currency is USD. They need USD because they don’t have dinar for liquidity. What are you doing Shabibi? Then you invite the WB to come over and check out everything; they will see that you have stopped the auctions. Shabibi, you son of a gun. You wanted to stop the auctions in July didn’t you? So you went from July to today; to now?
You are ready now aren’t you? Why didn’t you just tell us these things? Why do you make things so, so obvious? Hard cash is what you need in order to function. Hard cash transactions through auctions are what you need to sell.
The GOI asked you to do this didn’t they? Shabibi would respond, not necessarily, but this is the time we wish to stop this. Did you hear that? He really wants to stop the auctions? It’s all he has to control inflation. Let along bring in hard cash and bring out your currency. Shabibi this does not make sense unless you are trying to tell us something and trying to tell the World Bank something.
Shabibi you just got back from the US. Did you meet with the WB? Yes you did. Did you meet with the IMF? Yes you did. And you met with the AoP didn’t you? This we have no proof of.
Now you come back and tell us that you are now going to stop the auctions; and this is being turned over to a state bank? You buy USD through your auctions; and then you sell IQD through your auctions. And it should create a set of checks and balances. But you have wound up with a revolving door where your currency is stuck. How is it that you can remove the auctions?
Here is another thing. The auctions…this is how you make and save money into your reserves. If you stop the auctions….how will you continue to make and save money? Why in the world are you a Central Bank?? Will you clean chimneys now? Are you going to baby sit dogs and cats?? What are you going to do then if you will no longer have auctions to make a profit; through the ins and outs of your currency? You son of a gun…you. You see family; the CBI is coming out saying, ya know, this is no longer our job. What do you mean? It’s no longer my job to run the auctions. I’m turning them over to a state bank. WOW!
Shabibi and the Finance Minister were both in the USA on Friday, Saturday and Sunday. Then they come back with this new surprise when it was supposed to happen in July. Then they invite the WB? What’s going on Shabibi?
Shabibi, how can this be when you use the auctions to control smuggling and counterfeiting? What’s going on Shabibi?
It makes no sense that he doesn’t need the auctions anymore. He needs the auctions….UNLESS…
They are never going to give up their monies to the GOI…hello!
The rumor is out there that supposedly the GOI in…June…is going to get together and vote to make the CBI a part of the GOI? Impossible! A vote can’t do it. That would take a constitutional amendment. The rumor says that 70 – 80 % of the GOI doesn’t want to lift the three zeros. Really?? This is the same GOI that asks for a time out on the monetary policy so they can talk things over some more and they shut down the city and talk to them. The CBI will never give their profits to the GOI. The GOI has their own money and makes their own profits through their contracts. But the CBI is not going to make any profits and therefore can’t give any profits. What’s going on Shabibi?
About 2 months ago the GOI asks Shabibi to stop the auctions. What? Do you remember? If you calculate out; that was right around the time the GOI passes the laws to raise the three zeros. Shabibi didn’t stop the auctions then did he? The AoPs wouldn’t allow it. Hard currency is the USD. The need the USD, it’s what they function on right now because they don’t have any Dinar left; let alone function without them. How do you think they are making astronomical payments? It’s because the rate went up and they don’t need the auctions any longer. Didn’t we tell you? Frank do you think the rate has gone up. Yes. Really? You think they have lifted the 3 zeros? Yes. When? It’s in the budget. Wow!
Shabibi, we really hope what we are seeing we are interpreting correctly. There is just too many things we are seeing that tell us you are about to do something…
You just don’t stop the CBI auctions. You just don’t. It’s stupid to stop them. Unless you are about to raise the value of your currency! Which you invited the World Bank after you visited the IMF and the UN just 6 days ago. Wow. If this is not the case, you understand you will really mess up the CBI? The decrease of monies will also affect and decrease the value of the IQD further. And it’s already worthless!
The auctions were bringing in the USD and selling the IQD at a profit. But this would be mistake; this would be the reciprocal of spitting out USD and bringing in…OMGoodness! Is that WHAT you are trying to do?? LOL You son of a gun! Here we are mad at you with stopping the auctions when this would be a dumb thing to do for a brilliant man. But we come to the conclusion and understand you are about to kick out the USD and suck in the IQD being the opposite of what your auctions have been doing aren’t you? You’re about to control inflation…with steroids!
We know Shabibi it’s not the GOI’s job to stop the auctions. You don’t have to blame them. We know you are stopping them. A wire transfer needs to go through the CBI. A wire transfer reflects international status. But if you are stopping the auctions without truly raising the value of your currency, the things we have said you were going to affect; you’re also going to affect them in the black market. You would mess up the interior of the CBI let alone interior of the Black Market which has established itself in order to survive with a worthless currency.
If you are not doing this without raising the value of your currency; this wire transfer will become like the revolving door you were stuck with in your auctions.
In the country, these wire transfers between the Rasheed bank, it gives them a money wire transfer, from the CBI to the Rasheed bank, and then the bank has to wire it back to the CBI. That’s crazy. You can’t wire from yourself, to the bank and back to yourself. That’s money laundering. That’s illegal. It can’t work that way. But that will happen if you stop the auctions. It doesn’t make sense to create a revolving transaction between the CBI and state banks; just like it is occurring with the auctions.
There’s no doubt about it; the meetings that occurred this past week. Didn’t we tell you that over the weekend there would be some great results from those meetings? There is no doubt about it; they were amazing.
Iraqiya TV; Kuwait, already told you about Maliki when he went over there and Maliki took them a picnic basket full of cash, real USD. He also whispered into their ears and told them what they are going to do. Remember that? Someone keep reminding Frank about this. Once Maliki came back what did Kuwait do? It is important, it is a key clue! Kuwait went bonkers! They exploded. The first thing they convinced the Kurds and told them what Maliki told them. Hey come over, let’s talk we want to invest. We sent our Ambassador over there. We are sending 50 companies to invest. Understand that everyone wants to pour into Iraq and invest, but they weren’t told what Kuwait was told. This is a key factor.
So Kuwait on Iraqiya TV, congrads to Iraq for all they have done. What? Yeah! This is why they are pushing to have them released from Chapter 7. Everyone is happy with Iraq now; IMF, UN, Kuwait, Kurds, WTO, UNSC, AoP. It is a cornucopia of everything we need to see in our investment. Chapter 7 is being talked about again after the weekend. What did we tell you about the weekend? Wait until you see what comes out of the meetings. We didn’t know it was going to be this good. This is delicious! WB, IMF, GOI, Shabibi. Hmm.
We believe that they are going to show the WB an international rate. We believe they are going to show them the budget. We believe chapter 7 is a hot topic once again because they already know what they are going to show them. And we believe that, well, what the heck, we don’t know to wait until July…we are about to do…something…so…they are going to stop the auctions. When Shabibi? Oh in a ‘few coming days…’
Family remember if they get Chapter 7 they will walk straight into Article 8 but remember they will never get there unless the revalue their currency and raise the value of their IQD. They did. And the WB is coming to investigate. Article 8 mandates they can only use their own currency. They can no longer use USD. There is a reason they have to do this says the AoP.
Right now in Iraq government workers are being paid with USD. The CBI will not allow their hard currency to leave their hands because it’s the USD that has been helping them. You don’t abandon your life boat. This was what the auctions are to the CBI. It’s too important to their economy. The CBI we believe with all sincerity is poised to raise the value of their currency because if they remove the auctions, they can’t make money with the USD. But if they close the auctions and lift the value, they can make money off their own money and they know this. A grand stage is being put together; the lights are being slowly dimmed and cast right at center stage. Shabibi will soon show up and make an announcement, because if they are truly shutting down the auctions and it’s only that they are ready to make money with their own money. Because they are ready to walk into Article 8 because they have earned it by getting 7 by lifting the value of their currency with the law they passed in the 3rd week of Jan. Getting chills??? LOL Frank is excited having waited so long for this and get started reaching the 5 corners of the world.