KTFA Monday Night CC Notes with Q&A 2/24/201

[ronscarpa]

   

KTFA Monday Night CC Notes with Q&A / Frank & Delta -  2/24/201

 

KTFA:  FrostyTheSnowman » February 24th, 2015, 1:00 am 

Here's some notes from tonight's cc. Enjoy!

(Please remember ... the following comments are the OPINIONS of Frank & Delta and NOT to be used in any form of financial advice).

KTFA CC NOTES – February 23, 2015

We have some serious talking to do tonight!

Opening Prayer: Frank     Shofar Ascension Prayer: Andy

FRANK:

If we have an RI … next Monday we won’t change a thing. We’ll still be here to help.

 

I want the world to come to KTFA. Next Monday KTFAlways.com will transform … it will come alive … introduction will change … and you will begin to understand what we are going to do here at KTFAlways. We are going to the four-corners of the world. Our 1st hour [on Monday night] will be completely different [no business opportunity pitches]. A section on the website will allow people present their businesses to each other. The 2nd hour will talk about the Iraqi Dinar.

On Saturday and Sunday, my broker shut-down from selling Iraqi Dinar. Dinar through Frank’s broker becoming more scarce. If you place an order through Frank’s broker – it may not be able to be filled. Getting harder to get the dinar. Frank is the only seller on the Internet who explained WHY the price of the dinar was increasing. We will continue to operate and sell with integrity so that we can fulfill each order. Why has the dinar gone up in value twice? Why is it getting harder to get? [scarcity]

Frank mentioned ... 'tonight’s notes in front of me are 38 pages long."

Last week we talked about the fact that the budget is now printed … and you should see it Sunday, the 15th – we were wrong – it was Monday instead. We missed it by a week.

The budget is full of stars. It glistens like the Milky Way!

Most [all of you -- mostly] are looking for the date … “when will we see the new rate?” No one knows the date or the rate. When will we see the new rate? I don’t know, and you don’t know. You need to let go of that.

Most alphabet agencies are still in Iraq. The World Bank did a lot of work last week. The BIS did a lot of work this week. The CIA was in Iraq (as reported in the press) and other related agencies that protect and help out.

Frank showed newspaper cartoon … characters holding a book titled … “Boots on the Ground for Dummies” … Turkey, Jordan, Iran, Egypt, Iraq officials looking at the book with the caption reading … “This is hard. I miss when the USA would just do everything.”

Due to the actions of ISIS … a massive assault occurred (still going on) in Iraq. Coalition force (Middle East forces) working together for the first time.

SA is doing some amazing things with oil. Don’t you agree?

Iran is running to the peace-table. They want to be a part of things. So does Egypt … and France.

France is helping … (with our warships) coming at the very last minute with their war-birds working with ours … and the Kurds. Those in the military can appreciate what I’m talking about.

Everyone knows what is about to happen with Iraq.

There is a UNITY in the middle east … working together. Amazing.

THREE FACTORS will affect our investment.

#1 – The American Dollar going up in value

#2 – The American Economy going up

#3 – Oil prices will go down

All 3 occurred and helped to accomplish the mission … didn’t they?

Why did we share with you that oil would go down … then back up?

Because laws in the budget (over a thousand of them) needed to be in place to ACTIVATE the budget. The HCL is my favorite.

The budget approved, passed, signed … and in the hands of the Gazette.

Forget about the dates things should appear in the Gazette.

There was a huge sand-storm in Iraq last night. Huge storm. It delayed some military actions. Made it very difficult to communicate with teams.

iTeam was called away from SA. Quickly. Quickly. Headed back to Baghdad. Guarding Shabbi.

Shabbi’s team won’t talk to anyone.

M trying to cause trouble by invoking his [limited] powers.

Abadi had a private meeting with Maliki.

Abadi told M to shut-the-front-door! The VP position … kiss it goodbye. Enough! We’re moving forward!

M says … “ok … sorry.”

The judiciary part of the Iraqi government is working on laws to basically punish M.

Many things overlap in Iraq. Despite what you see/hear … we [uSA] are in control, but the environment in the middle-east is different. It’s like an island … hot, smells like oil and is miserable. In this desert environment, there isn’t a whole lot to do. The pace in the middle-east is different … slow … laid-back … [frustrating].

When the world powers say … “get it done” … they are … but at their [slower] pace. It’s like a waltz. They take their time. These hot environments are different than what you are used too. Imagine 24/7 without air-conditioning. That is Iraq. The pace is slower … it’s been that way for thousands of years.

O wanted to go over to Iraq to see Abadi. He was told no.

Instead, Abadi will come to Washington … and see O.

iTeam is back in Baghdad to guard Shabbi. Shabbi doesn’t want to talk … but Abadi does … and he has!

I said when the budget opened … it would show 1166.

The budget is published … and will be shown to the world at their [iraq’s] pace.

It needs 119 Trillion Dinar worth of funding. But Iraq has a deficit and can’t reach 119. On top of that … the CBI stopped the auctions. How are they going to get things to work? The auctions were the only logical solution to make things work – but will now stop.

The budget is set at $60 a barrel.

Iraq cares about Brent Crude … which closed at $58.90.

Oil will continue to go back up. It will not stay at $60.

In Franks opinion … a surplus will wipe-out the deficit in the budget very quickly. It is very important to pay attention to the price of oil.

The laws are in the budget … but the budget is NOT activated. Published but not ACTIVATED.

It is approved … but not ACTIVATED.

They are working on the math right now … and they don’t want you to see anything right now.

Anything past $60 a barrel … is going to be fantastic! (Teams were studying the price of oil).

Iraqi TV is screaming with news of what they are doing. The CBI has a shortage of foreign currency!

A new “mechanism” will replace the auctions! (wink, wink) --- (the process of deleting the 3 zeros). The citizens know this.

No auction Sunday … no auction today! If we don’t see an auction Tuesday/Wednesday/Thursday … that’s “goodier!” – (that’s my word). Friday is a holy-day. Iraq has never had a week like that! The CBI is no longer buying USD … because they are about to implement the “mechanism!”

When iTeam was called back from SA … for a specific role … to protect Shabbi … (in doing so you protect the budget) … mathematics orchestrated by Shabbi.

We talked to iTeam … they don’t take any nonsense. They shoot first, ask questions second. We asked them … “Do you think the RI is in motion?” … (because they are hiding the budget). Usually they don’t say … but this time they said … “yeah … maybe.” Please pray for them and their safety.

The budget is at 1166 … and that’s ok … because that is the only way they could open the budget … they have to activate the laws.

What laws are we looking for? iTeam has told us that we have a “back-wall.” You know what that means. That back-wall is a week from today.

They opened the budget … for their eyes only … to satisfy those who needed to see it. This is the starting point. But, you are about to see it.

When will they open the budget for you to see? I don’t know.

We are looking for a law … the one on March 1st … tariff and tax laws … perhaps a rider to be “activated” on March 1st

iTeam says … Shabbi will not talk … he is there to complete the budget. Just watch! (wink, wink) … but it’s all contingent on the taxes and tariff laws coming out … [approximately] … 1st of March.

Shabbi will have the budget retro back to January 1st once ACTIVATED.

POST #296 … yesterday’s forum … by WalkingStick … NEWS is HUGE!!!!!!!!!!!!!!!! Please read and understand it!

This is pretty exciting stuff!!!   (See Article Below)

DELTA:

We are right there! Remember we were looking for this a long time ago.

Very exciting times!

NO MORE AUCTIONS ANYMORE!!! (Frank just fainted) --

It’s obvious what the CBI is doing right now.

For the last 10 years they were selling USD … and used to get 2 pennies per USD that they sold … selling 200 to 300 Million a day! It produced a lot of income for the CBI.

Why cut the auction off?

You wouldn’t cut them off … unless you had something else to take its’ place!

From 22nd of February (last Sunday) … the CBI said they will stop auctions. They did it, and haven’t had an auction since.

Rates on the CBI.iq site still being updated.

REPEAT: Confirmed. 100% … NO MORE CURRENCY AUCTION BY THE Central Bank of Iraq!

The CBI is the only source authorized source to buy/sell USD in Iraq.

News articles contradict themselves about the actions of the CBI.

Miss-translation of the articles …be careful of Google translators … not always accurate.

The country of Iraq has obligations to conduct business.

The CBI must have money to conduct business.

How will they meet their obligations without doing auctions?

No liquidity.

How will they fund activities?

In the last 24 hours an article came out … all top figures in the GOI had an emergency meeting regarding the budget.

How will the CBI make money?

The CBI will have to introduce the lower denoms … with a new exchange rate.

Basically reverse the system. The USD’s will go back to the CBI … the CBI will make a killing on the spread … selling the LD’s to the citizens.

IMO – all indications say we will have to see a rate by the 1st of March. Iraq doesn’t have 119 trillion dinars.

They cannot implement the taxes/tariffs without being international – (which goes into effect March 1st).

WTI … cannot implement tariffs without proper coding … international status.

300% taxes expected on the citizens of Iraq from imports.

The citizens must have purchasing power or you’ll have big problems with inflation.

Next week is going to be the week to watch.

The rate is going to have to change in order to fund the budget.

Everyone is watching the CBI.

FRANK: What about the codes? Will they be out by March the 1st?

DELTA: I believe so. There is no agency for the tariff law. Cannot implement tariff & taxes without purchasing power. Article 8 compliance. You need to have a payment system (linked internationally with coding) to work.

CBI was making 5 to 6 million a day from the auctions. Why stop unless you were going to do something to take it’s place?

TWO BIG THINGS TO LOOK FOR:

#1. STOP AUCTIONS

#2. LIQUIDITY

FRANK: What about private jets? Can you talk about that?

DELTA: Yes. Couple of weeks ago … private jets flying from Baghdad to providences … delivered currency … we believe the lower denoms. Each bank must have LIQUIDITY … and they did not send the 3 zero notes because you have to remember with 32 to 33 million people living in Iraq … it would be impossible to send 5 or 6 trillion dinars. We believe that many of those banks have the lower denoms and are being guarded until they are ready to be released.

FRANK: You know, the caravan that we tracked back in 2007 … from trucks and Humvee’s … filled with lower denoms … and we felt they had be delivered … were taking up a lot of room in the banks vaults -- [and so removed and shipped somewhere else for safekeeping].

Someone outside of Iraq was probably protecting/holding them for the right timing … outside of Baghdad so that they wouldn’t be stolen. This is the last piece. These coins and lower denoms are key.

Abadi telling us twice (basically) what they are doing. (“New mechanism … replace old mechanism.”) They almost need a 3.5 to 4.0 increase. It’s amazing! Stopping the auctions.

The CBI holding no auctions is the equivalent of trying to live … and not breathe for a week. The CBI is about ready to take a deep breath soon!

iTeam said we have a “back-wall” … between now and next Monday … but it is contingent on the tariff law.

DELTA: I agree with the back-wall.

They know that they have to fund the budget.

Something really has to happen.

They have no liquidity.

The Kurds need to be paid. Remember they said they were going to send 1.4 trillion to the Kurds? … Then they said 250 Billion dinars. “Trillions to Billions?” Humm.

IMO -- something has to happen within the next 3 days.

If March 1st, 2nd or 3rd comes by and nothing happens … then I’ll throw my hands in the air and say I don’t know what’s going on anymore.

They have to fund the budget!

The tariff law … they can’t postpone that!

The demand for the dinar inside Iraq will go up … naturally.

The CBI knows what they are doing.

FRANK:

iTeam reported today … “the budget is opened … but not opened to our eyes … they cannot ACTIVATE the budget unless it is opened … and the same thing with the laws. The laws cannot be activated until the budget is opened. The math must work first!

Do you want to take a few questions?

DELTA: Why not. Since this may be the last cc before we all go to Hawaii !

QUESTIONS:

Area Code 601 – “Do we need to be 2% compliant?”

FRANK: Yes … that is an Article 8 compliance issue.

DELTA: Requirement of the IMF … must be within 2% … but Iraq is under a program rate. Even if there was a gap of 12 to 14%, the IMF will still do it because these conditions don’t apply to Iraq. The IMF can grant exceptions for Iraq to move forward.

Area Code 248 – “Speaking of the tariffs … revenue side of the budget … we hope for March 1st … but because this is Iraq … what will be the consequence for Iraq if they are not ready? Will this go on longer?

FRANK: They are ready. They have removed M … put in Abadi. We (American’s) are impatient. The middle-east runs at a different pace. IMO – they are moving forward. The consequences if they don’t move forward … IMO … 3/14/15 is extremely important to our teams. We must be realistic. Could it go into April, May? I don’t think so. I see a great thirst for money. The liquidity. Read WalkingStick’s post. They are implementing the “solution” – I believe they are going to raise the value of their currency. In black-and-white (news article) they (Iraq) is telling you what they are doing.

DELTA: The article is HUGE. Tells you exactly what they are going to do. The World Bank is going to help them out. They will continue to move forward because they have Abadi. He has continued to surprise everybody. They must fund the budget! It costs 8 Billion Dinars just to cover the salaries.

Area Code 805 – “Dr. Shabbi always said that the GOI didn’t want this to be a big speculated thing. I think this may be a surprise because this is about to happen. Abadi has surprised us all with how fast this is going. What do you think?”

DELTA:

Abadi will deliver. Looking forward to before the end of this week.

FRANK:

Let’s see what happens in the month of March. iTeam told us last night … they are not ready to fund the budget. At any time that can change … and last night … we believe it did!!! The budget has not been available to be seen in its entirety.

Iraqi TV … on the TV … ticker tape shows they are getting ready.

Area Code 786 – “Confused about the 3 zeros. How does this work?”

FRANK: Look at the IQD that you hold. The 3 zeros on the end is what they are talking about. Iraq wants those notes back. The CBI wants those notes back.

DELTA: The exchange rate is where the other 3 zeros are at. Any denoms with the 3 zeros notes, the CBI wants those back to eliminate them.

FRANK: Please pray for KTFA and what we are going to do.

DELTA: Hope to see you all in Hawaii!

FRANK: Are you happy? Did you learn something? I certainly hope so. Please don’t look for a date or a rate.

The date and the rate will come at the same time … in the still of the night … most likely on a Tuesday or a Thursday.

Please give honor and praise to your Heavenly Father for being included in this.

Closing Prayer: Frank   Shofar: Andy

**********

by walkingstick » February 23rd, 2015, 6:31 pm  •  

:02/23/2015 (0:52) -

Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers

BAGHDAD / Ghazanfar Laibi - Amer supporter

Experts in economic affairs said that Iraqi banks began to suffer a shortage of liquidity in foreign currency (dollar), while the expected rise in the dollar's exchange rate against the devaluation of the dinar as a result of stopping the auction currency, grumbling banking customers of non-receipt of money deposited by the dollar, stressing that handed over the money Dinars expose them to significant losses.

The expert in economic affairs Ahmed Fahmy in an interview for the "long" "The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government," noting that "the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar. "

Fahmi added by saying that "the central bank's decision can be applied correctly in case of spending pressure and reduce the affidavits and incidentals are not to the dollar significantly."

He pointed out that "the Central Bank to develop appropriate plans for the success of the decision," but he also said that "to stop the auction may have significant disadvantages, due to increased demand for the dollar, because the bank had pumped $ 50 million a day in the auction, which may make the dollar rises against the price of the dinar, which leads to the Iraqi currency affected significantly. "

He Fahmi said that "the main objective of this step is to limit the hard currency by the central bank, especially after twice the price of the dinar during the past few days," expected to "decline the central bank for its decision in the case of the Iraqi economy negatively affected due to stop the auction of the currency."

In the same vein, said an expert on economic affairs Maytham Laibi "long", that "the banks to take such measures in emergency situations when facing a shortage of liquidity in foreign currencies," noting that "the Iraqi banks started having these problems because of the reduction of central bank sales of the dollar ".

He also added that "the lack of distribution of financial dollar amounts have negative effects on customers and lead to an imbalance in the banking system, and weakens the confidence of individuals in the banking system and generates a panic, and lead to significant financial withdrawals, so the reserves become inadequate, especially since these banks operating funds of others do not owns that money, which leads to market instability, in addition to a state of non-confidence in the banks leads to citizens not to deposit their money in banks in the future. "

He called Laibi banks dealing in foreign currency to be "assured its customers, it can Tkst amounts customers, and that the money owed by banks and found that the Ptksatha possible for customers."

For his part, sees expert Ahmad Atwani told the "term" that "sudden decision carries a lot of risk to the Iraqi citizens and the economy in general," noting that "the central bank issued a decision on the pretext of its limited foreign exchange to finance foreign trade."

He Atwani said that "the decision was made to shift from exchange rate policy directed to a free exchange rate policy," stressing that "the new policy adopted by the Central does not fit in with the nature of the stage through which the Iraqi economy, because domestic demand for foreign currency (dollar) growing in the local market. " He pointed out that "demand for the dollar will appear in the parallel market for foreign currency, so the increase in cases of speculation and lead to a large fluctuation in the value of the Iraqi dinar, and the transition from the state of stability in the local currency, and this volatility will impact on the low standard of living of individuals through high commodity prices and services. "

The expert continued that "the decision to stop the currency market will create a huge gap between the prices of locally produced goods and imported goods prices, the central bank will not succeed in implementing the decision in a positive way, but if used in a strict policy controls on foreign exchange." In turn, Mohammed al-Hassani said, one dealing with the North Bank "The bank refused to hand over the money in dollars for clients with the bank for the second day in a row on the grounds that the bank no longer receives (the dollar) from the Central Bank of Iraq," noting that "a trader with a bank that has deposited his money dollar would be a great loss teams currency received his money when the Iraqi dinar. "

He added by saying that "the ordinary citizen is the biggest aggrieved of this process,"calling on the central bank and the specialized agencies to "reverse the decision to cancel the auction currency because of its negative effects on the Iraqi market and citizens."

The Central Bank of Iraq (February 21, 2015) stop working ERA Bank and the adoption of the banking system as being responsible for foreign remittances.

The governor of the Central Bank of the relationship, in a press statement "was finalized a new formula and leave the old ways, coupled with certain conditions can not remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy," noting that it is not true that remains central busily selling the currency like ATM daily basis. "  

 

[bsims25]

[eburt]

My head hurts from reading all of this message. I hope it's true. Thanks for sharing

[yendor]

My head hurts from reading all of this message. I hope it's true. Thanks for sharing

Nothing from this bunch is EVER true !  Can you believe that he said his broker has shut down and that Frank's broker's supply of Dinar was getting scarce and orders might not get filled ?  OMG if that doesn't sound like a pumper's push to get people to rush in their orders before they get shut out !  Hold on folks, this ride might be longer than we think. We hope that it is close, but don't do anything rash like buying too much more of the Dinar. Just my opinion, of course.

[sharkbait]

Nothing from this bunch is EVER true !  Can you believe that he said his broker has shut down and that Frank's broker's supply of Dinar was getting scarce and orders might not get filled ?  OMG if that doesn't sound like a pumper's push to get people to rush in their orders before they get shut out !  Hold on folks, this ride might be longer than we think. We hope that it is close, but don't do anything rash like buying too much more of the Dinar. Just my opinion, of course.

Totally agree yendor.  Hopefully nobody does anything foolish based on this.  Keep grounded folks!

[siberian_shaddow]

I just wasted 20 mins of my life reading that.

[sandfly]

THEY WILL STILL BE THERE TO HELP YOU!!!! NOW THATS FUNNY HEHEHEHHAHAHAHAHAHEHEHEHEEHEEE