The IQD Team
Investigate, Question & Deliver
Tuesday, July 31, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - July 31, 2012
760-569-7699 Pin 769478#
The IQD Team plus LJ's Next Step Team
Two Teams, One Vision Working Together arriving at the same place for the Dinar Community
Highlights from some of the News Articles Discussion and Analysis
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below - the following are the highlights after the articles were read)
"Bankers are preparing the country's entry of global banks a real incentive to invest"
Great article.....When you look at Iraq this is fertile ground...this is why people want to go there...brings people into the country...brings money into the economy and brings money back to the countries that invest and put people in - If I am the US and am building eventually that money moves back to the countries that invest and eventually that money comes back to the US
Love to see these articles..we've talked about the international flare and the international banking and their willingness to be inside the international banking..is truly great to see these things getting into the ground and when we talk about Shabibi wanting to be in this global banking system and being out there and having banks coming in
he has to make the environment good for these banks to come in, he has to insure that they will make money, that they will be able to do these deals, that they will be able to guarantee the funds to the customers, and eventually he is going to have an economy that is going to have people putting money into their banks thats going to make the whole world go round....Great article
We are talking international and what the requirements are for these banks to open branches..they are inviting these foreign banks to come in and to make sure that they are there - they are going to guarantee these funds, they dont want to oversaturate the market for certain projects...they want to be sure that there is enough for all of this to go
around and to do the things they want to do inside the market.
We've talked about that we know internally they are waiting for some things to be done
We have talked about the investment Laws.....these are the laws that will make it more condusive for banks to come in - you want international banking system....you want them interntationally banking centered....you want banks all over the world to set up so down there so they can do project and bring money in from all over the place and bring it into the economy
These banks are not coming in to a country that is worn torn or that Civil war is breaking out....They are being invited into a country as they go forward..Don't let the political side drive you over into fear over all of this because they are moving along...if the CBI was worried about any
of this they would be stopped dead in their tracks....they would let it all work out and move forward...they are already moving forward - already an ends to a mean and they are inviting these countries in...they don't want to have egg on their face when they are going down the road...
One of the things Dinar Banker talked about was the smuggling of currency....we've talked about the auctions being high...Shabibi trying to get a hold on the street dealers trying to shut that down very hard
"The Central Bank closed shop banking is approved"
I have been waiting for this news to come out for a month now....one of the things we have talked about is Shabibi needed to do was to close down these street vendors and I wondered if there was going to be a backlash when he did this and how he was going to do this ...because he wants to have people come to the bank for monetary exchanges - you want to get them used to coming to the banks...we read articles up to this point telling us they wanted to do that because his fluctuations of his currency inside the country was very much going up and down because of the smugglers....they could sell it for anything they want..He has to get rid of all of the street vendors....under the guise of smuggling he is able to go out and shut this down
We have read many articles over the last month that this is what he wanted to do.....because these street vendors have been a problem for a long time
If you want to add value to your currency, you definetely must have these street vendors done - you want them to be very few....license maybe a few currency exchanges at the airports like we have here..
this is huge move for him to shut down the speculation in his economy when he talks about everybody coming in and pulling money out...absolutely HUGE today
"Iran Sanctions: Obama Orders New Penalties On Banks In China And Iraq
He's helping to point out the Banks that are helping doing these transactions.....I have long said there is one or two banks that were
coming in and taking a large chunk of this money out...and you see one of the Islamic Banks is targeted and being pointed out
This is going to help isolate these banks that are doing this and will help Shabibi do his job because he will be able to go in and
penalize these banks and possibly shut some of these banks down and get them out of his system..he will have more teeth to do what he needs to do from his constitution wise with these banks as they are going thru...
This is great...all of the articles we read today were about cutting down the amount of smuggling of currency and getting his economy stabilized ...why are they moving so fast to do this....he wants to stabilize his currency and add value to it and some point in the future...these are all necessary steps that need to be taken as we move forward
Showdown between two...Great article to read when you have time
PART 2 "National Council for Strategic Policies" INCLUDING ARTICLE 65 OF THE IRAQI CONSTITUTION "FEDERATION COUNCIL".
Don from LJ's Next Step Team - Brief Synopsis of recorded Round Table Discussion done earlier today...
There were some questions on our Board like LJ said earlier in the call after we did the Summary Round Table Call about the NCSP position that there was another entity that would be formed under the Iraqi Constitution under Article 65 called the Federation Council
Basically what we did during the Round Table today was bring you Part 2 - we discussed the differences between the two entities..
The Federation Council based on Article 65 is a legislative council consists of regions and provinces and basically what they do is
review the laws being passed Council of Representatives that were voted on and see how those laws work for those regions and
provinces. Obviously we also reviewed the NCSP positions and that particular position that Allawi would take would be an Executive Position based on the 2010 negotiations when Maliki took office as PM..
Link to the call and all the supporting documentation on the News Article Links below...
And there you have it...
Straight Talkin' Mike & LJ'S Next Step Team On The Straight Talk Express Bringing You Another Night of Positive News!
News Coverage for Tuesday - July 31, 2012
CBI / ECONOMY
Bankers are preparing the country's entry of global banks a real incentive to invest
Showdown between two
Central Bank foreign banks are required to register the names of Iraq to open branches
The Central Bank closed shop banking is approved
Iran Sanctions: Obama Orders New Penalties On Banks In China And Iraq
LJ's Next Step Round Table~~Part 2 National Council for Strategic Policies~~Federation Council~~Replay
RESOURCE: Items of Interest / Conference Call Notes & Replay
Sterling Currency Group joined us and updated us on:
How the layaway process works
How to check out Dinar dealers
Requirements for all Currency Dealers..compliance, etc
How have the laws, requirements changed recently?
Compliance procedures with UST, and their banks
Exchange process and preliminary procedures...what type documentation will be required
What a great night of news, analysis and discussion and Q & A - Listen to the call for all the rest of the news shared and more during the Q & A
We are getting closer every day......GET R DONE!!