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  1. KTFA Frank26 - Tuesday Night Conference Call Notes - 07/09/2013 Notes By BulldogFord65 » July 9th, 2013, 10:36 pm • Family: Here are tonight's CC notes; blessings to each of you! "But take diligent heed to do the commandments and the law, which Moses the servant of the Lord charged you, to love the Lord your God, and to walk in all his ways, and to keep his commandments, and to cleave unto him, and to serve him with all your heart and with all your soul." Joshua 22:5 KJV Frank26 IQD Update after Bible Study Tuesday, July 9, 2013 • Frank began with a review of an article posted on the 7/8 thread stating that there is a necessity to set a date for the increase of the value of the currency • Post 241 from 7/8 thread by KTFA-JimNY was an 2-year-old article, but is directly on point and shows that all was ready 2 years ago; there is also video; please review it • Post on 7/8 thread from Sager gave a spot-on analysis of the USD rate numbers the clear the way mathematically to 1:1 to IQD (with 3 0’s deleted) • Post 525 on 7/8 thread from NotThe1 is a good philosophy of the our purpose on KTFA • If you did not see Memphis’ post 362 on the 7/8 thread, please go back and read it, it is a masterful explanation of the 2 budgets (2013/2014) • M is being used right now to get done what needs to be done; article posted today stating the meeting will end the problems between Baghdad and Erbil • Laws are being passed and contracts written for signature by Pres Talibani who is in Baghdad • Another article spoke of the gold and currency asset and obligations to set the date to increase the value of the currency; • Finance Ministry said they are about to begin the project to delete the 3 zeros, and the time is now here; they will add value so the IQD will have purchasing power • Article that Iran is surprised at Barzani meetings with Maliki – surprised? No, just jealous • GOI monitoring the auctions by the CBI; note that in the articles they are actually doing what they are saying; also keeping security in check • Post 75 bumped to the 7/9 thread from BulldogFord65 on Basel III • Post 491 on the 7/8 thread from Walkingstick probably came from S, it’s very encouraging – says in “near future” will be a surprise, the potentials are greater than any challenges they are going to face • Article saying the oil and gas laws to be • Post 569 on 7/8 thread by Awarren regarding businesses going in to Iraq • Post by JJonesMax showing retired Marine in full dress uniform being harassed by TSA in airport and by security at state house • Walkingstick article about the billions Iraq is investing in their energy projects; where are they getting this money?? At this point Eagle1 came on the call • There was a significant move on Basel III, the FDIC voted to approve Basel III and implement on July 10, the EU banks also held the same vote today and will also implement tomorrow; they have until Aug 1 to reach compliance; the FDIC said that member banks can use the IQD for their asset base • In Europe, if they cannot reach the asset value to reach compliance, they have to give the bank owners a “hair cut” – not the account holders, but the owners • There are many banks in Greece, Ireland, Spain that are holding on by their fingernails and getting Basel III compliance will be very interesting • Due to the timing, it is now believed that there is only ONE basket of 198 currencies that will go at one time; we already knew this was a possibility, contacts at the UN have talked about this as a possibility; for us, this means no double dipping • The USD will take a strong hit against currencies internationally, approximately 50% • It is believed that the Canadian dollar will increase 10 - 20% against the USD, but not known if that’s pre-or-post USD devaluation At this point, Bluestar came on the call • Bluestar questioned the problems with implementing such a complex process of revaluing 198 currencies at one time? Eagle1 replied there were 4 countries with housekeeping issues that were to be resolved by Monday or Tuesday (today); we’ll see if they are ready to go • Bluestar asked about the VND rate, there has been a long time projection of $0.47 - $0.48, what is Eagle1’s opinion of the rate? Eagle1 said still stands behind $0.47 - $0.48 but with devaluation of USD could be double that, meaning $0.94 • Bluestar asked about co-mingling exchange currencies (VND, IQD, INR, etc)? Eagle1 replied not to co-mingle the IQD with any other currency, because the IQD is 100% gold backed and will be managed differently from other currencies – then mixed in the US Treasure dollar roll out on Oct 8; a potential strategy is to have multiple accounts to manage the different currencies, and to be sure to minimize the amount of cash in the bank at the time of the UST note roll out on Oct 8 • Another strategy with WF is to have an IQD only account • Bluestar asked about the taxes? Eagle1 said per his intel 15% will be deducted at the time of exchange and we will receive an IRS receipt showing the taxes paid; not confirmed that 15% will apply to other currencies, discussion was focused only on IQD • BE CERTAIN THAT THE TRANSACTION IS AN EXCHANGE NOT “CASHING IN” Be certain you are VERY CLEAR to your bank that it is an EXCHANGE, not cash in, and if the banker doesn’t know the difference, work with someone else • Frank stated that since CH7 was lifted, WF is talking with Frank and his team, agreements are still not signed, but they are talking; the first 3 days from the rate being shown the agreements will be finalized • Frank is also working with his Broker on a possible exchange opportunity • There is a bank in the metro-Toledo, OH area that is preparing to exchange (Frank did name the city on the call, but not the bank name) but it’s all good for us
  2. Frank26/KTFA CC Notes from BulldogFord65 Wed.Night - 06/19/2013 BulldogFord65 » June 19th, 2013, 9:48 pm • Hello Family: Here are the CC notes. Wishing you a peaceful night, and blessed and joyful days ahead! "If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him." James 1:5 Frank26 IQD Update after Investment Night Wednesday, June 19, 2013 • Frank reviewed some items last night as there was some confusion on the forum today • Right now in NYC (UN), S, Z and the 2 others are working to get Iraq’s sovereignty back, and to show the evidence for lifting chpt 7 • Frank’s opinion that chpt 7 won’t be lifted without international currency because obeying IMF’s mandates are part of chpt 7, and IMF has mandated international currency; please slow down and study before reacting • Review of the 30 point drop in the IQD in 2 hours yesterday – this is HUGE – they are controlling the market value of the IQD to get it as close as possible to 1000; 1000:1 is ideal for dropping the three zeros; do not be reactionary; study, review, listen to the CC’s and review your notes; • The CBI is showing the AoP and the UN that they can control their currency, a 30 drop in 2 hours shows control • The USA economy is not good, the articles saying that the US economy is healthy is smoke • All of the articles we are seeing is GOOD NEWS, do not be troubled! • 1118 is the rate which is proposed in an article posted by Walkingstick on the 6/18 thread, go back and find it and study it • Where is Barzani? In Frank’s opinion he is waiting, and at the right moment will return to Baghdad • Look at your notes, June is the month we’re looking for RD and Qi cards; July we look for the RI; Aug-Sept we look for RV; Oct we look for the new US Treasury $100 note; Nov-Dec? ALOHA!!!! Count the months, how many? 7 months; recall the article today that the IMF agreed to a 7–month loan (really a line of credit) which Iraq can use if needed, this IS NOT AN SBA! • One must move in a purposeful direction to have real movement, and the 30 point drop on the market yesterday is purposeful; it is very good! • There has been a push to add value to the IQD, the push has created movement and they are going forward with increasing the value of the IQD • Pray for S in NYC, pray that the market rate continues to drop, pray for full sovereignty of Iraq, the success of chpt 6 (yes, 6), and most of all, for the tariffs • What has happened in the last 48 hours is AMAZING! • I Team is watching for LD’s (the RD) • Frank reviewed the post from jim1126 (Skullcrusher) who explained the 30 point drop, market control, etc – review his post on the 6/18 thread • Please go back and review notes, study, slow down, digest, and think through questions and the articles • They are doing many things at the UN, they are protecting the DFI funds; their plan is very smart • Observation on the forum: is it a coincidence that the UNSC meets to vote on 6/27 which is the same date that the operational rates update? Fank’s opinion – it’s a good plan • UNSC calls on Iraq to fulfill its chpt 7 obligations – again, this is huge! Now what is needed to fulfill chpt 6?? • There is a 2 day Fed meeting on Jun 18-19 on QE • Independence Day is Jun 30 (in Iraq) • Exit from chpt 7 is necessary for their sovereignty and control of all their resources; Ban Ki-Moon recommended that remaining issues with Kuwait to be resolved under chpt 6 • Notice there are no articles on the PM and Emir of Kuwait, they protect them, Barzani is in PUK waiting; notice how fast things are moving now on the tariffs, this is a very important step; Frank reviewed a post on the 6/18 thread from Bluedog; good post to review • Frank read 2 articles about Maliki, he’s still behaving • Thread 6/19, post #245 from Dame, excellent post and also a photo that shows S and Z at the UN • Bush 41’s job was to liberate Kuwait; Clinton’s job was to preside over the RV of the Kuwaiti dinar, but O has nothing to do with the IQD • Review again that the market rate is being controlled, but what is not being said is the market rate must be contained prior to the RV, the CBI needs to show they can control the rate, and as Walkingstick posted, the CBI must instill confidence in the currency in their citizens so that they will make the RD a success; it does not work without the confidence of the citizens Delta came on the call at this point • On Iraqiya TV they are talking about Ban Ki-Moon’s statements and that the sanctions should be lifted, looking for something big in Jun 27 • Delta’s opinion is that we won’t see a rate change this week due to election on the 20th in Iraq and they want to be sure it goes smoothly, however he is excited for next week; Delta’s opinion that the rate can come out any day, anytime, but in his opinion they will wait for the official sanctions to end on 6/27, Iraq is waiting for the official discharge letter, in Delta’s opinion, the next 24 – 48 hours after the discharge from chpt 7 are extremely interesting; Delta’s opinion that the CBI needs this time to adjust the rate of the IQD to hit their targets • Article CPA 87 from 2004 is important, deals with doing international business, NATO, etc; the EU has actually entered an agreement of partnership with Iraq, it’s having the first reading, it is being moved on a fast track, • Delta also talked about the market rate control, to make it as easy as possible to drop the 3 zeros • Jun 27th is important, in his opinion, this looks like what we have been waiting for; Iraqiya TV is reporting on the expected release from chpt 7 • Delta responded to question if they must have international currency to exit chpt 7? Delta reviewed several reasons which confirm they need international currency; do the math on the payouts from the HCL agreements, they need international currency; do the math on the reserves the CBI has, only 10% is required by the IMF but the CBI has 120% backing – no one does this, unless the rate is going up • Delta addressed the idea of a free-float rate, and in his opinion, it will be a managed float, and will be structured and controlled • Frank commented there really is no need for questions because S is in NYC taking care of things, it’s clear what is happening, and stay watchful for this month • Frank addressed the baskets discussed by Eagle1 on Monday; Eagle1 spoke from his heart and from intel from very good sources; this is not an exact science, this is bigger than Iraq, it’s about the world; continue to refer to your notes about what Eagle1 said about the baskets and what will happen when they are released • Bluestar asked a question regarding early June, and Delta replied reviewing the timelines again • Frank ended the call in prayer, and closed reminding us all to take everything to God in prayer!
  3. "OCrush" Comments On News Articles - 06/09/2013 Al-Maliki and Barzani agree to resolve the peshmerga files and article 140 and provincial borders Al-Maliki and Barzani: we agreed to solve the problems amicably and will hold population census Prime Minister, Nuri al-Maliki said his current visit to Arbil was the focus of common interest to both sides as we opened all outstanding issues because stabilizing Iraq is our concern." He continued: "We have agreed on Article 140, and we will achieve the other issues, including the activation of the census and define the borders of the provinces." For his part, Barzani said that he agreed with Maliki to resolve all outstanding problems between the center and the region in accordance with the Constitution FULL ARTICLES & LINKS BELOW OCRUSH E-MAIL (Sent to & Posted By Hopesway) Okay:) Barzani and Maliki have met successfully This is what we were waiting for. If this had a hiccup all that was accomplished would have gone to xxxx! It's a pivotal day and we are very excited! Next we should see the Kuwaiti PM visiting Baghdad. OCrush Continues: Also the parliamentary sessions start on the 16th or 18th and they will have there legislations in place to vote on (with the big boys blessings). It's pretty straight forward now and today was a BIG DAY with a great accomplishment:)) Cheers All:) FULL ARTICLES & LINKS BEING REFERENCED: Maliki, after meeting with Massoud Barzani: We discussed all outstanding issues and agreed on Article 140 09/06/2013 BAGHDAD / NINA / Prime Minister, Nuri al-Maliki said his current visit to Arbil was the focus of common interest to both sides as we opened all outstanding issues because stabilizing Iraq is our concern." He said in a press conference held today after his meeting with the President of Kurdistan, Massoud Barzani: "we discussed the latest developments in the region, and the files that were discussed during the visit of the head of the provincial government to Baghdad." He explained that "we named the characters that will be in charge to continue the discussions to resolve the outstanding issues." Maliki added: "The President of the Kurdistan region will be in Baghdad soon to continue the dialogue," adding that he would visit the region again and tour in the cities of the Kurdistan and visit Barzan's area. He continued: "We have agreed on Article 140, and we will achieve the other issues, including the activation of the census and define the borders of the provinces." For his part, Barzani said that he agreed with Maliki to resolve all outstanding problems between the center and the region in accordance with the Constitution. / End LINK AND ANOTHER ARTICLE: Al-Maliki and Barzani agree to resolve the peshmerga files and article 140 and provincial borders Published: 4: 54 pm, June 9, 2013 Editor: ipa 2 malikibarzni Erbil (IBA). Prime Minister Nuri al-Maliki on the agreement with the President of the Kurdistan region Massoud Barzani on the solution file for the Kurdistan regional guard forces (Peshmerga) as well as article 140 of the constitutional limits of the disputed provinces. Al-Maliki said at a joint press conference with Barzani in Arbil said in reply to a question concerning the amendment of the Constitution that "this issue (modified) to a popular vote. Any amendment must be in accordance with the votes even if one character has changed. " "We agreed (with Kurdish officials) on some issues (contentious) mthlalbishamrkh and article 140. There must be a census. Al-Maliki did not mention further on the matter, but noted that the Census will resolve many differences, he said, "we intend to aliagraeh this year." "We agreed to activate the project within the provinces of President glory Taliban, now in Parliament, and it should offer in its agenda." "I am delighted we have and a magic wand to solve all the problems at once but vialaradh, there must be introductions we work." Barzani said "we consider the visit the task and start to solve all the problems." "In our meetings, public and private, agreed to activate the high commissions and other subsidiary, we remove the problems, we have agreed to deal with them in a brotherly manner." The Federal Governments and the Kurdistan region may form committees during the visit of the President of the Kurdistan Government nechirvan Barzani last month to Baghdad to resolve outstanding issues. Kurdistan region President stressed that "the Constitution is the thing thing happened." It was Al-Maliki arrived Wednesday morning to Arbil to hold a cabinet meeting there in the context of resolving contentious issues outstanding with Kurdistan.(End) LINK AND ANOTHER ARTICLE: Al-Maliki and Barzani: we agreed to solve the problems amicably and will hold population census 13/06/09 16: 33 Range/Erbil Iraq Kurdistan region President Massoud Barzani, on Sunday to Baghdad and Erbil have agreed to solve the problems in a "friendly and brotherly" and that the Iraqi Constitution is to resolve these issues, while Prime Minister Nuri al-Maliki government's census on population this year to find a solution to the issue of the disputed areas, calling on Parliament to legislate the administrative borders of the governorates. He said Prime Minister Nouri al-Maliki at a joint news conference with the President of Kurdistan, Massoud Barzani, this afternoon, in Erbil and attended (range) "opened in our file of Iraqi conditions and developments in the region and risks we have in Iraq and should take cooperative action to prevent transmission," adding "we are interested in stabilizing Iraq and to calm down the situation in the region in favour of building a federal democratic Iraq under the Constitution." "Maliki followed what was reviewed during the visit of President of Kurdistan to Baghdad and agreed to set up committees and discuss all outstanding issues between the territory and the status", stating that "it was agreed the names of the members of the committees that will address all outstanding problems on the base of common desire strong cooperation to research participants and activate abilities that we have to protect the gains of the Iraqi people in all its factions and its components". Al-Maliki promised to "resolve the outstanding issues require a positive climate and positive climates that are submitted to any work we want to do is calm the situation in Iraq in General and between the territory and the Federal Government and then go about activating the role of the committees formed to discuss all the participants should be looking for." Maliki stressed that "our goal is to reach a settlement on the basis of the Constitution and the common interests that we believe that our service to all its subscribers without fail any component of the service components that participate with us in this country." Maliki lauded the "history of the Kurdish people and the suffering endured under dictatorial regimes," and stressed that "we need the Federal Government and the territorial Government to stretch our aid and assistance to alleviate the suffering of all the victims of the former regime, whether in Anfal, Halabja or graves or uprising", calling for a "common conventions of the centralized federal budget could relieve the suffering of the victims and owners who need services. Al-Maliki suggested that "convert Halabja to Mayor for this city and for martyrs and given their maturity," he said, "we will support this idea and we deliver this through legal channels if required for the conversion process to cooperate in this area." For his part, the President of Kurdistan, Massoud Barzani, to Prime Minister Al-Maliki's visit "very important" and stressed that "we agreed to activate commissions agreed to discuss all the problems and their solutions." Barzani stressed that "the Constitution is a" natural ", promised that the differences", but "but there is a determination to overcome all obstacles and we appeal to the Constitution in the event of any disagreement on any issue." Iraqi Prime Minister Nouri al-Maliki acknowledged from Erbil, on Sunday, in a speech at the start of the Cabinet meeting held at the Saad Abdullah in Erbil and transferred directly via satellite TV, that "sectarian war" returned to Iraq and stressed that the country was affected by the wave of militancy sweeping the region, and called on all parties and movements and communities to join hands for their confrontation, invoking the Constitution to resolve differences among themselves and not to the lineup in the lineups in the region, while he hoped to solve problems with Erbil, indicating that their problems raised "amplifier". Prime Minister Nouri al-Maliki arrived in the Central, Sunday morning, to the city of Erbil, accompanied by his ministers and a large number of consultants, and was received by President of the Kurdistan region of Iraq, Massoud Barzani, and nechirvan Barzani, Prime Minister and other senior officials greeted Al-Maliki-Kurd were at the airport, in the first of the two men since an agreement on the formation of the current Government in December 2010 and followed by their province strongly intensified at the end of the year after the issuance of an arrest warrant against Deputy President Tariq al-Hashimi. As Al-Maliki's visit came one day after the statements of the official Iraqi space, as the Kurds are exasperating, and said he was ready for talks with the region's President Massud Barzani, during his visit to Arbil, "If", and stressed that what to Barzani is "only one democratic federal Iraq", and that "there is no such thing as self-determination," stressing that "the definition of the State of Iraq's Constitution is a Federal Democratic Republic and that one country Iraq," and that means there is no Thing as the self-determination of the self we decided when our Constitution and we put that one country federal democratic Iraq. " The President of Kurdistan, Massoud Barzani, confirmed (from 2013), that the people of the territory "will have to find a new form of relations with the Federal Government in Baghdad if the negotiations failed to resolve disputes over oil and land," returned to "the current round of talks that started recently is the last chance to end the conflict that has caused tension within the Federation in Iraq." Maliki's statement had raised about the "self-determination" resentment and anger the Kurds, Kurdistan Alliance MP attacked wiped out Khalil, on Saturday, Prime Minister Nouri al-Maliki's remarks, which stressed that "there is no such thing as self-determination and that the Kurds have decided their fate when one federal Iraq, suspended the Constitution, the Coalition stressed that the right to self-determination established by the Kurdish people and that" no unit can Al-Maliki or other stop that. " Prime Minister Nouri al-Maliki and the President of the Kurdistan Regional Government, nechirvan Barzani, agreed after the latter's visit to Baghdad, on 29 April 2013, the adoption of important laws which have the effect of resolving "outstanding issues" between the two sides such as the oil and gas law, giving the security aspect "particularly important throughout Iraq, and agreed to continue meetings to resolve all issues. The chronic and worsening crisis between Baghdad and Erbil, the ominous possibilities open over a leadership Panel Kurdistani, led by the region's President, Massoud Barzani, repeatedly, and charged atmosphere caused by the provincial elections, which took place (April 13), causing difficulty in reaching solutions to outstanding problems between Baghdad and Erbil "barbed" or on other fronts, fearing the impact of its implications for the electoral landscape. LINK
  4. Eagle1 and KTFA Member Thoughts Friday Evening - 06/07/2013 BelieveonHim wrote on June 7th, 2013, : Eagle1, First off I want to thank you for sharing your intel with the family. Furthermore I don't want any of the comments or questions I ask to be taken in a negative way....I am just trying to understand some of the information provided here on the forum. I will start by asking why, other than your own sources opinions....why are you so convinced the IQD will be in any of the 3 baskets, let alone the first? I am guessing you are aware of the majority of your mentioned currencies in the first basket, have already been adjusted according to the UN Currency Exchange website? With that said....why would one figure the IQD (if accurate) would take so much longer than the other currencies in the same basket? At what point can we gather, the IQD was not in the first basket? June 12th, when the next basket should begin? How is a currency reinstated through the RV process? How can the IQD be in a basket when it has not even been reinstated? Thanks Good Afternoon: You pose some interesting questions here. Let me begin by laying a little groundwork for you in your understanding of what is taking place. First of all, it is important to understand that the IQD undergirds in a major way this whole Global Currency Reset. Although the GCR (the Basel III Protocols) was first put into motion in 2002 -- the so-called "Authors of the Plan" being mostly members of the Bush 43 Administration – the Iraq War became a major boon because far-sighted visionaries in Bush's cabinet foresaw the opportunity to utilize the IQD (which was operating under UN sanctions at the time due to Saddam Hussein's adventures) as a crucial piece of the backbone for the GCR. The IQD had seen valuations in prior years which easily made it the most valuable currency in the world. The secret of the IQD's value was Iraq's gold, silver, diamonds, and -- to an increasingly petroleum hungry world -- Iraq's vast reserves of oil and natural gas. The war in Iraq brought about discoveries of far more gold than anyone had imagined in veins that had never been tapped. Satellite reconnaissance additionally indicated the probability of far more oil than had been tapped. We don't need to rehash the appointment of Dr. Shabibi to take over the Central Bank, or his past labors as a renowned economist with both the UN and the IMF. We've all discussed more times than I can count the plan to bring the IQD back to world recognition and restoration of its value. Let me get to the core of this argument. The simple reinstatement (RI) of the IQD all by itself (never mind revaluing it) with its gold-backing makes the currency become a credible reserve currency for many of the world's currencies -- notably the U.S. Dollar. The gold that backs the IQD causes the IQD to become a worthwhile "gold certificate" which in turn takes the place of actual gold on deposit at Fort Knox. With the US Treasury holding literally trillions of IQD in its vaults, and holding onto it, it makes the IQD (at nothing more than reinstated value) a significant asset for backing the new USD. The GCR does not call for "revalued" currencies in the strictest sense of the word. It calls for "asset-backing" to the world's currencies -- hence a "reset" of its value. We generically refer to these baskets of currencies (as they are being restructured) as having been "revalued." In many cases, these various currencies will see significant revaluations. In some cases, they will simply be "restructured" with little change in their trading value worldwide. In still other cases, currencies will lose value simply because there is way too much of it printed and in circulation to properly support with available assets. The USD is a classic example of this. As is the case of a number of currencies, the USD will be "devalued." The upside to this devaluation is the fact that our dollar will now have real value to it. The fact that it will have lost value in terms of actual numbers is offset by virtue of the fact that every single dollar in circulation will be supported by a combination of gold, silver, other precious metals, minerals, oil, natural gas, etc., means that we will no longer have "fiat money." The money will have some genuine worth to it and be recognized world-wide for what it used to be -- the most stable currency in the world. The GCR purposes to do that with every currency so that values are based on something (or "things") that everyone agrees has some specified value. Getting back to the question raised, "how can the IQD be in a basket when it has not even been reinstated?" the issue is not whether or not it has been reinstated. The question is, "how much value backs up the IQD" and "how do we set equitable worth for that currency." Those are the questions behind every single currency in each basket. It matters not whether the currency has been under program strictures or freely tradeable. What matters is where it comes out when the basket is released by the IMF. In the case of currencies like the IQD, the VND, the IDR, etc., there are huge increases to be realized for those who have invested while the currencies were operating under program strictures. As to the timing of the release of each basket, there are protocols in place which each currency must fulfill. The fluctuations you may have seen with some of the currencies in this first basket, for example, can be attributed to normal fluctuations, or -- in the case of some, such as the Jordanian Dinar -- preparatory moves. Once again, I point out that with the restructuring that is taking place behind every currency, you may not necessarily see any major changes in that currency's valuation. What you will see, when all is said and done, is a currency that has genuine value -- a value that has been established on the basis of that particular nation's ability to back with real, tradeable assets. I trust this gives you a clearer picture of what is happening. We are in the midst of a change from "fiat" (meaning "stated or declared value," irrespective of any actual intrinsic worth) currencies to monies that can be backed by something tangible, materially speaking, and not simply some country's promise to pay whether it has the ability to do so or not. That's a discussion I could take much farther, but this is a good place to stop. Blessings on you. Eagle1
  5. Frank26 Conference Call Replay & Notes From KTFA - 06/05/2013 Frank's Playback CC LINK Run Time 142:53 Dinar /Baskets Begin at 86:05 Tuesday, June 04, 2013 Notes: by BulldogFord65 • Tonight’s call will review the baskets • The format will be Frank interviewing Eagle1 with the questions from the forum • The KTFA website is being purged of fake/obsolete memberships this weekend; to avoid membership being deleted, you must have at least 1 post on the forum; if you have 0 posts, you must make at least one post to keep your membership active At this point, Eagle1 joined the call • Frank said that he has declared the entire month of June for study, dividing the month from 1 – 15 and 16 – 30; why?? • Eagle1 replied the first basket with 25 currencies in his opinion is imminent for RV, we are moment by moment • By the weekend of June 13- 15 Eagle1’s opinion is that the second basket of currency is expected to RV, and this basket contains the Canadian$ (CAN$); it will NOT lose value as originally thought, but should increase in value against the US$ approx. $0.20 -$0.30 • Eagle1 knows the countries in the first basket, and he will post them on Frank’s forum • Eagle1 only knows 2 countries in the second basket, but believes he will learn the other countries in second basket in the next 48 hours • Frank mentioned the Canadian financial planner will be on the June 12 investment night, not tomorrow’s call • Eagle1 continued that since the CAN$ is not devaluing, it’s a good place to park US$ short term, suggest looking into this strategy short term • The third basket contains the US$, the US$ will initially take a 50% hit by the last weekend of June/first of July; the US$ will devalue internationally • Second and third baskets both contain 30 currencies (first basket is only 25) • There are more baskets that that will follow, but all need to be done by October because legally, they only have 6 months to do this • Eagle1 does not have info yet on 401K’s/IRA’s etc, but it’s clear that the US$ will take a hard shaking • When all is complete, Eagle1 is not sure where the US$ will land, in his opinion it will recover a good chunk, but no information yet • Our currency is being called in, and will be replaced by asset backed currency; when we turn in currency, it will be replaced at the devalued amount • Eagle1 recommends to keep as much foreign currency as possible, stay out of the US$ as much as possible, and get debt free as much as possible, operate on a cash basis, • The only exception Eagle1 is aware of are Treasury Bills, he has heard they are not going to devalue; in his opinion, the Treasury will stand behind them so they can continue to sell our debt • Eagle1 advised us to prepare, there are going to be a lot of changes • Frank’s observation that the second basket is mid-June and the third basket is estimated to RV at the end of June - first of July; the US$ is in the third basket, but we will not see the effect immediately, it will slowly, chronically creep up; the best way to see the effect is to study imports coming in the USA – they will cost much more, and as the import inventory creeps up, we will see the cost much more prevalently • The US$ will teeter up and down violently in rate; do not confuse this with the physical change of the US$ -- there is a rate change, and there is also a physical swap of currency, the old notes will be gathered in and replaced with different, new notes; Eagle1 will discuss this more at a later date • Eagle1 advised to keep track of transactions with the old dollar and the new dollar, there will be the greatest fluctuation in the first 2 weeks of July, STAY DEBT FREE and function on as little money as you can • Eagle1 reminded us that when we do an exchange of the IQD, make sure to sow your seeds in the kingdom of God first, before buying/paying off anything with the exchanged IQD, offer to God first and He will multiply it back to you • The CAN$ will gain about $0.20 - $0.30 against the US$; Frank does sell CAN$ • Frank asked: When the US$ changes to backed currency, will it be gold only? Eagle1 replied: No, it will be gold and intrinsic-value asset (oil, natural gas, minerals, other precious metals) • Iraq will be 100% gold backed, but USA does not have that much gold to 100% back our currency • US importers will be hurt, and US exporters will be helped by the US$ devaluation Andy came on to the call at this point • He received an email from a trusted friend who went to the bank today to look at mortgage refi, and he asked the banker about the IQD; the banker acknowledged the IQD and that it will RV soon, but advised this man not to exchange right away as the value will fluctuate so much -- but if he would hold on to it for about 2 years, the value will go MUCH higher • The banker said there will be no fee to exchange; the bank was Sovereign Bank Bluestar came on the call at this time • Eagle1 reported that WF has said as long as customers deposit the foreign currency equivalent of US$250,000 or more, the deposit can be kept in the foreign currency (example: Deposit enough IQD or VND to equal US$250K, the bank deposit will remain in IQD or VND); the foreign currency can be easily exchanged to into US$; Bluestar commented how huge this is; very good news • Eagle1 just posted the first basket of currencies on the forum (listing of 25 countries) • Eagle1 talked to WF today, and people who have had their accounts “foolishly closed” by WF said that the situation will be resolved immediately and with an apology • BOA manager admitted they tried to propagate the “IQD scam” myth among their employees so that they wouldn’t invest, so that with the RV happens the employees would not quit • BEWARE of the scam coming out of NV offering outrageous amounts to cash out the IQD, you will never see them again! They take the dinar promising $3 - $11, and then when the people ask for their money, they are told the IQD was fake and was turned into the UST – of course they have kept the IQD for themselves; BEWARE of this scam • Frank will make another shipment to the MB group on Thursday, it’s almost done • Frank suggested to look at the WSJ – look at articles on oil boom in ME, possible Detroit bankruptcy, etc, much valuable info; also reminder to study history and learn from it; when the economy got this low in our history previously, banks closed and people lost their money – not saying that will happen, just study and be prepared • Notice came while on the call that the forum is down due to the server • Frank ended the call with prayer, and Andy lifted the prayer with the shofar horn blast. Frank26 Conference Call Link: https://www.freeconferencecallhd.com/playback/?n=8976-17-65-67-17-65-6716-17-65-6711690-17-65-67121-17-65-67-17-65-67%3B0OTc3NDYwNjg%3D0
  6. Frank26 Mon. Nite CC Link & Notes from KTFA Forum - 06/03/2013 Frank26 » June 3rd, 2013, • 760-569-7676 ..... 156996# -- 172 Minutes Long RECORDING LINK: https://www.freeconferencecallhd.com/playback/?n=-33-84-17-65-6742-17-65-6751-17-65-67-17-65-6730-17-65-67-17-65-6717-17-65-67-17-65-677285;0OTc3NDYwNjg=0 Frank26 IQD Conference Call Monday, June 3, 2013 Notes: by BulldogFord65 • Frank desires all to know this is a Christian organization first and foremost • There is no date and there is no rate, if any come expecting this, please understand you will not find it here • It is very important to take notes, review them, remember what has been discussed, and to each do our own homework • Frank began with prayer, and Andy lifted the prayer with the shofar horn blast • Since last Wednesday, all of the things that Frank shared with us have come to pass • I-Team, who is normally stationed in Saudi Arabia(SA), was moved to Baghdad for a time (I-Team usually does intel gathering and security) • On Tuesday, I-Team was assigned to return to SA on Thurs to pick up a “package” and travel to Jordan and pick up a second “package,” and take both packages to Baghdad • News article on Wednesday said the CBI was waiting on a “package” • SA is the banking center of the ME • Dr Shabibi is currently in Jordan • On Friday, Frank spoke on Alabama’s conference call and gave the following update • On Thursday, I-Team arrived on time to SA, the Package was in an attache case which was handcuffed to a SA Prince who has responsibility/authority for financial sector; in Jordan, another package (an envelope) was picked up on the tarmac, and then they went back in Baghdad; I-Team had supper with the Prince who was discussing with pride what was being accomplished; I-Team reported the intel to Frank • On Saturday, there was a very high level meeting with the leaders of the GOI, PUK, CBI, etc – not their representatives, but the actual leaders; this was a national meeting; Najafe, Malaki, Hakim, etc all came together for an agreement • Barzani was not there, he sent a delegation, but it’s alright, it was not a rebuff • The leaders took a photo all holding hands, and raised their clasped hands showing unity to the people – all the leaders were unified and sent a message to the citizens • The packages were delivered to the US embassy in the Green Zone; I-Team does not deliver packages, and the delivery location (US embassy) all say that THIS IS BIG • Did the meeting deal with chpt 7? No – in Frank’s opinion, it’s already done; they were working on chpt 6 in Frank’s opinion • Frank gave a RUMOR that tomorrow the UN will vote on lifting chpt 7 • Chpt 6 is the future of Iraq – it is the only thing we should focus our study on at this time • Frank’s opinion is that the meeting also discussed Article 4, but the majority of the meeting, in Frank’s opinion, dealt with OPEC; in his opinion, the discussion focused on Iraq joining OPEC • In Frank’s strong opinion, the USA is behind this, and most likely the payoff is that the US$ will continue to be the currency that oil is pegged to (currently OPEC oil is all transacted in US$, but there was some grumbling about going off US$) • SA hates Malaki; Frank’s opinion is that along with the packages came documents that sealed Malaki’s fate • This meeting was powerful, important, and kept quiet; the meeting was instrumental in many ways, and will be good for the US$ in the short term • Recall that Frank said that Maliki is not in control of the RV, but he could stay and pretend that he’s part of the GOI and the future before the RV, but he cannot stay after the RV • Frank’s opinion is that something happened with Maliki this weekend; could they have formed a legal team for him? Frank doesn’t know, just asking… speculation • Everything that Frank told us on the CC’s last week came to pass • Does all of this give a date? NO • Delta’s opinion that he will be surprised if we go past June 4 without a rate – does that mean it’s tomorrow? NO, it’s an opinion • This meeting was very impressive, there has been nothing like this in the past, these people don’t like each other and they were all in the same room and literally holding hands!! • Frank believes that the package that came from Jordan contained evidence of Maliki’s corruption to take care of him, but this is speculation • In Jordan, the package was an envelope, and they were met on the tarmac, then off to US Embassy in Green Zone • ITeams report there is less tension in Iraq now, all is good, and everyone is busy – that’s a good sign Society came on the call at this point • Barzani, Alawi and Sadr were not personally in the national meeting, however each faction did have a delegation at the meeting in full agreement, no one boycotted or objected, all were celebratory and in agreement Topic Change • Pay attention to Eagle1’s post from today, it has a wealth of information and is spot-on; do your homework • On Wednesday, there will be a wealth management guest from Canada; those members who live in Canada may be aided by her discussion • It’s very important to understand and remember the process of RD/RI/RV; please take notes and remember: 1) The RD (redenomination) is what is occurring right now; the RD is the first step INSIDE Iraq ONLY; the 1000:1 is for INSIDE Iraq ONLY, it is the tool to bring the IQD = USD; this is what the IMF (USA) wants; it has been going on for a while, even if we do not see it; the banks inside Iraq are ready, the banks outside of Iraq are the ones playing catch-up; the RD is INSIDE Iraq ONLY to bring them to international status, when they hit 1000:1, they drop the 3 zeros, and now 1:1 makes it very easy to pull the US$ from the street and distribute IQD 2) When the status becomes international, that is the RI (reinstatement) of their currency, and it’s both INSIDE and OUTSIDE of Iraq; this is the point at which the people will come in from the street and turn in their US$ for IQD 3) The RV (revaluation) is OUTSIDE the country ONLY; this is our turn to go to the bank and exchange our IQD for US$; the rate will be driven high by the market; understand, in Iraq, one IQD is just one IQD; it’s outside the country that the market will drive the rate up • Please do not be upset or frustrated over the perceived “delays;” please trust that this is being managed very intelligently; just relax and trust that things are not being “delayed,” they are being “managed” to ensure every piece is in place • China: there is someone on the internet talking about China – leave it alone; China is key to this process, and for now, just like our troops, leave it alone; stay off this person’s site • Qi cards are being issued and loaded; more key evidence • Iraq’s operational rate on the UN chart has not changed since March; recall Frank introduced as a rumor that UN will vote on lifting Chpt 7 tomorrow • On oilprice.com, there is an article asking if Iraq is capable of becoming the largest oil producer in the world? Frank’s opinion is that they are #1 because they sit on top of a deep lake of oil, and they have only tapped in to less than 5% of it; article goes on to say that Iraq will reap the benefits and make agreements before the mainstream media realizes and puts it in the news • The doubling of the Namibian currency as posted on the forum happened over a 5 – 6 month period, it was not overnight; however the Zambian currency did increase overnight; this is currency movement starting • Reports stating Baghdad witnessed security calm one day after the national meeting; the security calm has just coincidentally come within a day from the national meeting even though there has been violence every day, with May being the bloodiest month this year??? Not a coincidence, rather evidence • More evidence: since the national meeting, Erbil agreement support was activated, including call for support of Hakim at the GOI • More evidence: Iraq is making more electricity than ever in their history, since the national meeting, they’re pumping it out • More evidence: since the national meeting, 7,000 Syrian refuges in Iraq were repatriated to Syria, and violence is down • More Evidence: since the national meeting, the Turkey’s pipelines are going through • More Evidence: since the national meeting, the leaders of the blocs in Iraq agreed to pass the amnesty, confidentiality and accountability laws; nothing is hiding anymore! • More Evidence: since the national meeting, the GCC (Gulf Currency Council) commended Kuwait and Iraq for working out and solving their “sticky situations” THIS IS HUGE • More Evidence: before the national meeting, Baghdad was moved to UN Chpt 6; since the meeting, article came out confirming Chpt 6, so it means Chpt 7 must be done, we just need to see the signed document from the UN – again, back to the RUMOR that the UN will vote tomorrow to lift Chpt 7 • Frank’s reminder that when we see the post “For ME family,” don’t touch it, and don’t ask questions; Frank reviewed the “For ME family” post from Friday: it was regarding the 2 packages, we haven’t seen any signed documents yet; Malaki has been dealt with, next to save face for Talibani (we might see him at the last nanosecond if his health permits), there is no need of secrecy for the NC (national council) that took place on Saturday; Frank’s teams confirm every article for validity before presenting them to the family on the CC’s; Frank’s opinion is that the HCL may also have been agreed in the meeting • Article from Iraq saying everyone united to repel the terrorist attacks and have made excellent progress “in and out of Chapter 7,” again, this is HUGE • The “For ME Family” post on Saturday now makes sense, now understanding all that happened • Yesterday, bank screens all went blank…. • The global smart card is ready to kick in • Tomorrow is important, watch the news At this point, Eagle1 came on the call, but was not able to stay; he will be on tomorrow • Frank recapped that QE (quantitative easing) has stopped, and Basel III is happening; the Federal Reserve has to slowly bow out; we have to stop printing worthless fiat money • The new US$ will be asset and gold backed, and we have to change the way our money is managed; we are at the first baby steps to balance the budget, beginning Q3 this year; it will take about 5 years, just like when Jack Lew did it under Clinton when the Kuwaiti Dinar RV’ed • Frank suggested that we do our own homework, go on the forum and search, for example, Eagle1, and pull up all of his posts – read them and study them • The national meeting in Iraq was historic; we likely won’t see something like this again; it’s huge and it’s all good! • Frank has a report from I-Team for today: the national meeting which occurred may bring Chpt 7 lifted at the UN this week; the blocs at the national meeting are not friendly, but this meeting was a “love in”; more people are landing in Baghdad, coming in from Kurdistan; will have the intel to share hopefully Tues or Wed. Frank still gets a bit cryptic, and tries to draw people to his forum. However, sometimes he does have an interesting perspective.
  7. Tidbits From Frank & KTFA - 05/21/2013 Bandit: Question... on last nights call, Delta said the Iraqi citizens are turning in all their dinars for US dollars..... WHY would they do this when just 2 weeks ago Delta said the citizens were being told on Iraqi TV that the Dinar will soon be gaining Power? Why would they give them up so easily? Mike100: They tricked their citizens, remember the story where frank had someone go to the bank in Iraq and try to turn in their dinar, well he asked them for the LD's and they said they couldnt do it then. We know Iraq has been flooding the streets with U.S dollars for a last call to get the rest of the dinar swept off the streets, then they will De-dollarize almost making it impossible to obtain the U.S. dollars when they finally raise the value. Once the citizens know the Iraq dinar is worth more than the U.s dollar they will turn them in. Thats the way i see it. The CBI is trying to force them to open an account and to the turn their U.s dollars in for the new and improved Iraq dinar Frank26: They are NOT giving up......... They are PO'd at the GOI for their lies and delays. Solution ........... Take the permission away from the GOI to lift 000 and return our troops in LARGER numbers to protect the monetary reform. KTFA, Frank Walkongstick wrote on May 21st, 2013, 7:41 am:dif source Najafi: We will establish a lawsuit against the prime minister on the back of "incitement" against the Parliament, describing it as "Souk Okaz" Frank26: Family ............ Again on last CC of last week I said: M is seeking help from a NY Law Firm to protect him not from crimes of war but CRIMES against The CITIZENS of Iraq. Ta Da ............. Sad to say. KTFA, Frank Aunderdu:: So Frank... Will the Green Light now be given directly to the CBI? Frank26:M and the GOI dropped the ball on art 4 from the IMF.......... Selfish indeed. S has always worked with the AoP and sent the data to Turki at the CBI minus M. Green light comes from us ......... USA......... Green Zone........ TROOPS!!! Key: We PROTECT S ........... NOT M !!! KTFA, Frank Walkongstick: wrote on May 21st, 2013, 11:39 am:Integrity: 1500 accused embezzled $ 900 million in three months The Integrity Commission said in a statement that the legal department reported in a quarterly report that the defendants are accused of 1001 corruption case related to administrative and financial projects exceed the total cost of 11 billion and 290 million dinars (about 900 million U.S. dollars). " AzProf: I cant help but think that this is what the delay is about. This is what has Shabbs in a tizzy. This is why Issawi is re-instated and why M looks like a bozo. The AoP must be thrilled with the decisions of Maliki right now. This is why the US troops are there. Some of these thieves are powerful people, too powerful to be rounded up by a somewhat corrupt army and police force. Stability means more in the financial structure than it does in the political structure. Killings happen and will always happen, but the money must be controlled.
  8. Tidbits From Delta & KTFA Members - 05/22/2013 Taken from D. Recaps vet_1975 wrote on May 21st, 2013, 3:53 pm: there are some dome people here in PR and US and they do know how to use money so whay is that the Irakie people are educated and still do not know how to use money I do not belive it I know people that do not know how to read or wright but they do know how to use money and know the power of it so whay are they saying that the people from Iraq will have hard time understanding the valor of the IQD? walkingstick: Well, taking into consideration... nearly, 40% of the rural population is illiterate...roughly 25% have never attended a school... roughly 60% of the population is below the age of 25, of that... roughly 43% , below the age of 15... In a nut shell, looking at... a very high percentage of illiteracy and youth, and... a higher percentage, of people, that... have never held a job...Adding to that, over 70% of the population, non existent... at the time... when, the IQD/USD... 3+ range By DELTA » May 22nd, 2013, 12:31 am • SO NO ONE GOT THIS PART ? THIS PART IS HUGE Further measures are needed to liberalize fully the supply of foreign currency, with the objective of lowering the exchange rate spread, removing distortions, and complying with Article VIII of the Fund’s Articles of Agreement 1: LOWERING THE EXCHANGE RATE SPREAD 2: COMPLYING WITH ARTICLE VIII http://www.imf.org/external/np/sec/pn/2013/pn1358.htm DELTA By DELTA » May 22nd, 2013, 12:44 am • SO HOW CAN IRAQ COMPLY WITH ARTICLE VIII IF THEY ARE STILL IN ARTICLE 14. UNLESS IRAQ IS ALREADY THERE .....TA DA Alan: Why is this any different from any other arricle rhat we have seen over and over. Its like they come out with this ever two weeks to give us hope. I don't know about you but I just don't even pay attention to the articles. Realisticly name one article that has come out concerning the dinar that has come to pass and not ended up to be next weeks news again. Weve all seen the articles..stating how they must delete the zeros. Wece seen over and overtalks about removing m. Weve seen so many about removal of chapter 7. Dare I say nezt week well see the same articles again just worded a little different. Not being negative one bit just the truth. Karl: Allen, I disagree. If we would have seen this article 6 months ago we'd be celebrating. This IMF statute regarding Iraq shows how close we really are. Article 8 in the same breath with Iraq is big. Problem is which I do agree with you, there have been so many false positives over the years, one can become numb. Like the boy that cries wolf...yea..yea. By mriguy » May 22nd, 2013, 1:42 am • Hey, Alan. Hope you are being safe over there. This wasn't just an article that Delta posted from. This was from the IMF Board of Directors Consultation of Article IV. This "document" expressed not only favor of how the CBI has handled business in the last couple of years, but also the risks and challenges that Iraq faces in the future. A couple things I got out of the document....after reading it multiple times....was that the IMF would like to see Iraq foster and increase "non-oil" "private sector" growth including investment and employment. The only way to really do this....IMO....is to increase the value of the currency. They even encourage them to curb money laundering and terrorist financing....... GET THIS....by joining Task Force Agencies.....NOT BY "restricting foreign exchange." The way I read it, they were saying.....YES, there are things you need to do and be careful of, but YOU (Iraq) and I (IMF) know the only way to do that is to increase the value of your currency and stabilize it as you do (by using the DFI funds to help keep the equilibrium / stability). That is my take.....and I'm sticking to it. MRIguy. Be Safe over there friend. http://www.imf.org/external/np/sec/pn/2013/pn1358.htm By mike100 » May 22nd, 2013, 5:15 am • Hey Delta so originally the IMF met with Iraq in March sometime and concluded Article 4. Then The IMF also concluded with Iraq for a second time sometime in May for yet another consultation dealing with Article 4. Now in your opinion what does that mean? did they get a new window to revalue to push them into Article 8? BTW thanks for ALL you do for the family. It's of my opinion their is some sort of urgency coming directly from the IMF to do this in short order. If Iraq made an agreement with the IMF i would think they need to hold their part of the bargain.
  9. Frank26 and KTFA Members Chat Wednesday Afternoon - 05/22/2013 Frank26: Hmmm............ BTW ....... Very surprised I am that Very few understood the value of DELTA's post last night....... So he became silent......... Too bad. IMO what we found was worth sharing last night at 1 am. Even the CC notes were avoided. C U on Your CC in 9. KTFA,Frank The Snod: It's word semantics, but after reading art 14, then seeing how they laid out the paragraphs and the wording that delta pointed out, it seems to imply that they are there, but they still have a need to keep working out the fuller realization of it. Even if we r wrong these r highly important conversations of what they r wanting to do, and it maps out spot on with what we have all theorized about this investment....IMHO this n the timely 5 yr plan are the best articles we've had this year....gives me some hope for mid yr RV Frank26: SNOD ......... You got a key point: Yes DELTA and I believe they are in art 8 but the international part is not applied to their currency via the IMF and there is no ch7 via the UN ......... Until they raise the value of their currency. They KEY is ............ This conversation is live .......... Alive. KTFA, Frank ******* FreeManna: Frank - I understand anything Delta brings us is of importance, I'm just not that educated on what it all means. I've only heard talk of Ch. 7 and article IV with the IMF. I apologize for not knowing more, but can you give me, and others, some background on Article VIII? I'm sure you've covered it, but not when I was present. thank you in advance ******* Frank26: I LOVE Your name .......... Because it was .......... Free. Given by God as they waited........ Kinda like today. Worry not .......... Delta and I feel You need to understand what just happened with the IMF and Iraq. I will talk of this on Your CC tonight...........Aloha Friend. :handshake2: KTFA, Frank ****** Jim1126: Frank, Thanks for bringing this point home with such clarity. In case anyone missed it and would like it to be more clear... Are you listening? They have to raise the value of their currency When they do, the following will occur: They will be international Ch 7 will be gone They will be fully into Art 8 International businesses will flood Iraq They will make lots of money! Dont be mistaken that they have to get these other things before they RV...NO! They must raise the value of their currency first. The IMF requires it, the UN and the US, because if they dont then these people will dither around and screw their own people for years to come. Its coming, folks! Its coming any minute, now! ******* Frank26: Now this deserves a big .......... TA DA !!! Or like Z says........... Nuff said or Just saying ....... :rofl: Honestly though .......... This is good hence why DELTA asked me if he could post last night. KTFA,Frank
  10. [vic406] OK guys I have held back but I do have a positive story for you all. By the way I know its true because it involved me! My niece asked me to give her a ride to the bank to deposit her check ,college kid which I did. As she was signing it the teller noticed a 25k note in her wallet and asked if she Had more and replied "Yes, why are you exchanging ? " "I think so? write down how much you have I will ask the branch manager." After a couple minutes she was told they would be glad to do that but the rate is constantly changing so go get them all and whatever the rate is when you get back that is what we Will give you. So I drove like a nut and got her back, the teller started to help her after a little bit she replied... "funny, I'm not seeing it here?" The teller next to her was watching and tapped her shoulder and said "don't you remember the meeting the other ? we're not exchanging just yet?" She replied "That's right." The bottom line was the manager was able to view a moving rate from his screen, and they have had meetings about it so at least it tells me we are looking good. I hope this helps.
  11. Will The Dinar Be Revaluated? By Joseph Cafariello04/25/2013 Will the Dinar be Revaluated? By Joseph Cafariello Wednesday, April 24th, 2013 For a nation that has only recently come out of decades of dictatorship, war, and mismanagement, Iraq’s currency—the dinar—has been remarkably stable. Perhaps too stable. Something is going on with the Iraqi dinar. (Chart shows dinar per $1 USD. Descending plotlines indicate dinar strength.) After a gradual strengthening from 2007 to 2009, the Iraqi government decided it wanted a weaker dinar in early 2010, and the currency has remained remarkably stable ever since. A couple of months ago, however, the currency abruptly strengthened against the USD, as can be seen by the sharp drop at the far right. Immediately, the Central Bank of Iraq scrambled to weaken the dinar back to 2012 target levels. Why? Isn’t it supposed to keep strengthening? After all, Iraq has the world’s second largest oil reserves. What ever happened to that highly anticipated revaluation? Is the CBI deliberately weakening its own money? CBI Control One short sentence answers all these questions: the Central Bank of Iraq regulates the flow of money through controlled auctions. Needless to say, this is not normal. In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen. The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc. According to Middle East e-paper Al-Monitor: “Every day since 2004, the CBI has held an auction through which hard currency is sold to banks, companies and traders in exchange for evidence of import and transaction receipts. The auctions aim to prevent market speculation and stabilize the exchange rate of Iraqi dinars to the US dollar.” The purpose of these auctions is to control the IQD:USD exchange rate by controlling the amount of USD circulating in Iraq. At these auctions, USD is issued exclusively to banks, companies and traders for the purpose of conducting business transactions with foreign entities (ie: importers, securities traders, banks, etc). By controlling the amount of USD available in Iraq, the Iraqi government controls the value of the USD relative to its own currency, thereby stabilizing the dinar. It is as close as you can get to an outright currency peg. Cracking Down on Auction Abuses Things were going really great for years, until evidence turned up that some buyers at these auctions were falsifying their transaction receipts, enabling them to purchase more USD than their business activity legitimately entitled them to have. The government believes much of the excess dollars purchased were smuggled across the border into Iran, which has a shortage of hard international currency due to sanctions. Money laundering and black market demand account for the remainder of auction abuses. When it came to light earlier this year that more USD had made it into circulation than was officially thought, the value of the USD relative to the dinar abruptly dropped and the dinar rose. The supply/demand ratio dictates that the more supply you have of something, the cheaper its value. More USD in circulation than previously thought meant a cheaper USD, which meant a stronger dinar. Hence the sudden inverted spike at the right of the chart. Following the recent arrest of the CBI’s former governor, Sinan al-Shabibi, the CBI has introduced additional auction controls, as Al-Monitor explains: “The CBI prohibited any bank or company with capital of less than $400,000 from taking part in the currency auction. Additionally, all participants had to submit their [transaction receipts] to the criminal division in the Ministry of Interior, the economic crime unit and the money-laundering division of the CBI for approval.” Reducing the number of buyers at the auctions meant reducing the amount of USD making it into circulation, strengthening the USD relative to the Iraqi dinar, and weakening the dinar back to that desired 2012 target level. Anger Over Weakening Dinar Iraqi citizens and businesses who do not have dealings with foreign entities are understandably angered by CBI controls aimed at keeping the dinar weak. A weak currency means citizens and businesses need to pay more for goods and services, especially since so many goods are still being imported from abroad. Iraqi parliament’s Amin Abbas stressed to Al-Monitor that the CBI must take “full responsibility for the fall of the … Iraqi dinar … because of its restrictive measures in granting permits to exchange companies.” And Mohammed Khalil, an official on Iraq’s Economic and Investment Committee, accused the CBI of deliberately “hinder[ing] the flow of US dollars into the market.” Others are pinning the blame on Iraqi banks, as Al-Monitor informs: “Hussein al-Yasiri said some banks have stopped selling dollars to regular customers and instead have been selling them to exchange companies. This has prompted Iraqis to buy dollars from the exchange companies at prices favorable to the companies. The exchanges are not subject to government monitoring.” And Iranian involvement is still suspected by Ahmed al-Alwani, head of the Iraqi parliament’s economic committee, who believes Iran is supplying Iraqi partners with false trade receipts in order to obtain USD from the auctions. But Ahmed Bureihi, a former senior official at the CBI, denied such accusations. “Iran has nothing to do with the increased exchange rate,” he told Al-Monitor. “The CBI sells foreign currency to Iraqi customers to be used in funding trade transactions outside the country.” “There are Iraqi traders who defraud the CBI and provide counterfeit documents of virtual imports to Iraq. However … this has nothing to do with political issues.” Oil Revenues Spent For its part, the government has a simple explanation for the dinar’s weaker value back to 2012 levels: the country spent it down. “A former senior official at the CBI [bureihi] said the rise is linked to increased government revenue from oil sales, leading to an increase in government spending,”Al-Monitor explains. Bureihi then describes a very logical chain reaction that stems from these increasing oil revenues, which really is a bona fide explanation. “Oil revenue increased, which in turn increased government spending.” “The increase in government spending means higher per-capita income. [When] spending increases, there is an increased need for importing goods. Providing these goods requires an increased demand for foreign currency, which led to the increased exchange rate [for USD].” On the dinar’s side of that equation, as more oil is exported, more revenue is generated, and the nation becomes wealthier “per capita”. Enabled by this increased wealth, the government starts funding sorely needed rebuilding and expansion projects on infrastructure, energy, education, health care, and industry. In so doing, it pumps more of its local currency into circulation, which in turn weakens it. This is a valid explanation for the stronger USD and weaker IQD. However, what the CBI is reluctant to admit is that apart from these increased oil revenues, the government is controlling the dinar’s exchange rate by controlling the amount of USD in circulation via its daily auctions. It will only let into the economy the same amount of USD that is leaving the country. “X-amount” pumped in equals “X-amount” wired out. The balance of USD in circulation stays unchanged, and thus the exchange rate stays the same. (Actually, the CBI does have to pump in very slightly more USD than is going out of the country in order to apply upward lift to the dinar as a counter to the downward push on the dinar exerted by the increased spending described earlier. Spending pushes the dinar down, USD auctions lift the dinar up, cancelling each other out to keep the exchange rate flat and steady.) What About the Revaluation? But what ever happened to that dinar revaluation everyone has been expecting? Even I wrote about it a couple months back (D S). All over the web you will find plenty of investors who expect the Iraqi government will be forced to revalue its currency upward. Iraq has the world’s second largest oil reserves, and it is rapidly increasing its production and exports. The International Energy Agency recently projected Iraq's oil output to more than double in the next decade. So the revenue is there. Unfortunately, so is the spending. Remember, Iraq is still rebuilding from decades of dictatorship, war, and mismanagement. The economy is in shambles, and social services are appalling. Any money coming in through oil exports is quickly being spent on reconstruction and industry, not to mention its debt burden. This is why the CBI is going to such great lengths to control the amount of USD in circulation through auctions. It wants to keep the dinar cheap. Not too cheap so as to introduce hyper inflation. But cheap enough to maximize the value of its import income and get as much construction and labor for its money as it can. What if it takes another 5 or 10 years for that revaluation to come? Might there be better returns elsewhere? Investors have to weigh the pros and cons and make their own investment choices. If one still believes the global economy will once again run full steam ahead, then metals such as copper, iron, and steel will be in great demand, as will lumber. If one still believes the global credit crises are not over, then precious metals will also be in demand, such as gold and silver. Who knows, perhaps this recent pull-back is a good entry point; no one knows for sure. And there is always the stock market, which is remarkably resilient given the Federal Reserve’s easy money policy. Wealth Daily provides valuable trading information to help you make the right choices for you. Perhaps the most crucial variable in any investment formula is time. You can have a sure-fire bet in a stock, gold, or even the Iraqi dinar. But how much time will you be waiting for it to pay off? Could you score better returns elsewhere over that same period of time? Joseph Cafariello Here's an interesting perspective on the Iraqi Dinar....read, enjoy, and decide...! RON
  12. Stryker's Breakdown - Post From Stryker's Blog - 04/18/2013 4-18-13 Stryker: I like this one a lot, thanks Gamaray!!! LINK Parliament: draft financial structuring currency is premature Created on Thursday, April 18, 2013 08: 10 | | Baghdad/Orr news The parliamentary Finance Committee confirmed not to discuss the draft restructuring of the currency and reduce the incidence of fraud in house sessions usually topic is premature. The Committee said the Attorney Secretary Hadi "the draft restructuring of the currency is premature and the subject has not been discussed in the meetings of the Council but there is a process or project to delete the zeros and it is discussed during the meeting the Commission limit the Governor of the Central Bank to discuss the process of selling the dollar auction". Its member of Parliament is considered a smart Attorney Najeeb, the restructuring of the Iraqi currency and removing three zeros became necessary as the project is economically viable and positive effects. Najib said in a statement Wednesday that "the draft restructuring of the currency despite the challenges and difficulties facing economic, security and political feasibility but is great for the country, noting" that the project has become necessities which must be implemented on the ground in the current term. "In need of concerted efforts and cooperation of all governmental institutions of the Central Bank, the Executive and Parliament to enact some laws, including the law guaranteed the indebtedness to the creditor the right amount to condemnation after deleting zeroes." and noted that former Central Bank Manager led by Sinan Shabibi and appearance of Mohamed Saleh brought this project to the ends of the crucial and negotiated with solid global companies have a strong reputation in the world in terms of accuracy and reduce the incidence of fraud and counterfeiting. " "Great harmony between the Executive and legislative institutions of State will increase the success of practical procedures especially that will remove the zeros will take more than two years. The parliamentary Finance Committee, asserted that the Central Bank according to official correspondence begins this year with three zeros from the delete actions in the local currency, saying it will lead to the development of international economic and monetary transactions. ------------------------------------------------------------------------------------------------------------------------------------ *** The parliamentary Finance Committee confirmed not to discuss the draft restructuring of the currency *** The draft restructuring of the currency is premature *** And the subject has not been discussed in the meetings of the Council *** But there is a process or project to delete the zeros .... AS I HAVE SAID MANY TIMES; THEY CALL THE PROCESS "DELETE THE ZERO PROJECT" MEANING IT HAS SEVERAL PROCESSES IT MUST GO THROUGH *** It is discussed during the meeting the Commission limit the Governor of the Central Bank to discuss the process of selling the dollar auction" .... THIS IS WERE THE WORD PREMATURE COMES IN, THEY DON'T WANT TURKI TALKING ABOUT IT UNTIL IT IS TIME AND THAT TIME IS NEAR FOLKS. *** The restructuring of the Iraqi currency and removing three zeros became necessary as the project is economically viable and positive effects. *** The draft restructuring of the currency despite the challenges and difficulties facing economic, security and political feasibility but is great for the country *** Noting that the project has become necessities which must be implemented on the ground in the current term SEE, WE ARE THERE, JUST WAIT FOR IT A LITTLE LONGER MY FRIENDS. LOOK FOR THE NEWS TO TELL US THE TRUTH. IT TAKES A LOT OF LOOKING BUT THEY LIKE TO TALK SO WE NEVER RUN OUT OF THINGS TO READ AND FIND. Stryker Blog ...
  13. Stevel Update - Post From P.D. - 04/04/2013 FREEDOM 1: Steve, I know you wrote last week that was your last post. However, would it be possible to give a brief synopsis of where we are at this week? So many of us are anxious not hearing a word from anyone? OCRUSH, etc. It would help many of us to just hear something from you if that is possible. Thank you, and thank you for all you do STEVE: I am out of town but will do what I can from iPad later today. It is all extremely good or should say great and excellent. Blessings, Steve Actually I am not anxious. I know what has been done in Iraq and with the government, and where this investment is going and you will love it. I said last week, a few more laws need to get passed, two of them did yesterday. I am very content and ready to post this list of banks possible as early as next week, but perhaps next week. Blessings, Steve JeffB: Thank you Steve!! Lets all not forget that there is a vote on Saturday for the Antiquities Law. STEVE: Already taken care of and addressing them immediately. This is huge. Blessings, Steve
  14. Message from Frank26 at KTFA Saturday Night03/30/2013 Greetings KTFA Family ................. This is FRANK26: Starting last Wed and continuing into last night's CC I asked You to take notes on the 30th ... 31st and the 1st of April. You now know what these days mean to us as a Team study. Said Gazette for the 30th .......as you can see ........the 2013 budget for Iraq is now in the Gazette. You can google this newspaper and read about it. Unfortunately.....just as we told you the rate is not in this publication......nor did we expect it to be. Look at your notes from my last two CC's.......we also do not expect to see it on the first with the budget. As I told you.......the retirees......widows pensions........federal employees..... soldiers and many others will not be paid on the 1st..... but within the first week of April. So with this in mind.... it is highly possible that the map we asked you to take notes of may actually be unfolding. Please keep in mind as I said... if the blessing is revealed to us tomorrow on Sunday... then we will have a CC at 7pm EST. I offer my sincere apologies once again that ktfa is still not back up on the internet. I called the server today and told them they have until tonight because it's been almost two weeks and in all honestly this is a job that can be done in a couple of days. If they do not have us up and running by tomorrow I will turn to another server company and request a full refund of the we sent them last week. For now may I kindly ask that you c/p this and send it to those who follow us at ktfa. I know many of you are homesick for our forum. If you should need me for anything you know how to get a hold of me Family..... I talked with DELTA about an hour ago and we both agreed that this coming week is extremely serious to our investment. The atmosphere not just in Iraq but around the world has an aromatic scent of an RI/RV to it.....a sweet ambrosia. My Christian love and Aloha, KTFA, Frank
  15. Tlar & Member Discussion - Post From D. Alert - 03/30/2013 Articles & Links Below - At End Of Discussion BLOWINGROCK: Another possible interpretation for discussion...I seem to recall reading another article that the black market rate for exchange of dinars for USD continues to be a problem. Could this article be asking the CBI to work harder to close the gap between the black market rate and the "normal" rate of 1166 maintained by the CBI for years? If we can dispel this interpretation, then we can join the stampede that tends to happen as we, all filled with "hopium", want to read "RV" into almost everything we read. : REVBO: BlowingRock: You can't completely discount that interpretation, but I can't see any reason why the IMF would need to be, or would allow itself to be, involved in fixing a 4-5% discrepancy between the street rate and the program rate. That's not their job. BLOWINGROCK: ReVbo...Agree, "normal" interpretation is defined by information in the article re IMF as you say, and also by the mention of the bigger monetary problem of their imbalance between the cost of imports due in large part by their very weak, almost worthless currency exceeding the value of their exports. I just see too many folks jumping at the chance to immediately interpret every article to support their "hopium" re the rate or date, while ignoring the facts contained in the article. I often visit other sites, and these facts for example are never mentioned--just everybody jumping for joy. That's why DA is my home...facts matter! TLAR: Nice call BlowingRock. Iraq's normal rate, program rate, has been 1170 since 2009. It was moved four pips by Shabibi to 1166 and then frozen there until now. The street rate as of about 8 months ago was equal to the program rate and this made it easy for Shabibi the increase it by the four pips. Today we know the street rate is much lower. About 7-8 months ago it started to drift achieving a low of 1350, until today we see it at 1250.. My interpretation of this and Ibelieve all the recent articles support it, what they mean by returning to normal is to return the street value back to match the program rate. Until this comes back into an equalibrium, they can't do anything with the currency. In other words if they don't control the street rate, if they were to increase the program rate, all they woul accomplish is to widen the gap, creating additional profits for the independant banks and middlemen. They have taken steps recently to do just that. By controlling where the US dollar is being sold and how much is being sold, should increase demand for the dinar. If you allow only so much USD sold at auction, this creates an artificial scarcity of currency which inturn creates a need for the dinar. The CBI is steering the ship back to port. IMHO they created this intentionally and are now ready to swing the pendulum back the other way. Also with the new controls recently put into place to control the banks sales, the CBI is attempting to control smuggling to Iran and Syria. IMHO the void that these currency restrictions will create will be filled sooner or later either by the CBI or by Iran. There will only be a short fuse that the CBI will have before they must do something with the dinar currency or Iran will try begin to fill this void of currency by flooding the markets with bogus bills to fill the need. It will be almost an impossible task for the CBI to accurately predict how much USD to sell at auction. They will either sell to much or not enough, while constantantly trying to ajust to the proper amount. I believe they will see the answer as introducing the new currency which means an increase in the value. ADMINBOB: I do not think they are talking here about street price. 'Normal' is not 1166 as that rate is documented as a program rate. The article also talks of dollars leaving the country and that will not change until the dinar has real value. The article is talking about raising the dinar to it's rightful exchange rate against the dollar. Steve said it best on the conference call last night. Take a listen. KAPERONI: I agree Bob. These articles along with others in recent days from Ahmed Faizullah are talking about the raising the value of the dinar against the dollar to support the national currency. A few pips does not accomplish this. You points are also well taken. Enorrste said it best on the CC! ARTICLES & LINKS Weighted return of the exchange rate Natural Dinarlodah Versus Dollar Date: Saturday 03/30/2013 03:51 pm Baghdad - News Likely Deputy Finance Committee Chairman MP Ahmed Faizullah, the return of Iraqi dinar exchange rate to the price of natural versus the U.S. dollar, the requirement to take the central bank procedures necessary and the use of international expertise to support the national currency. Said Faizullah that the country suffers from a floundering his policy monetary and economic terms that the money that go out of the country for imports more than the money that comes to the country from oil sales, etc., in addition to there other funds wasted in various ways. added: that the central bank must take its measures necessary to recover the value of the Iraqi dinar to the price of natural versus the U.S. dollar, and must use international expertise, and benefit from the the recommendations of the International Monetary Fund to support the national currency. LINK:http://www.almowatennews.com/ Parliamentary Finance Committee outweigh the return rate of the dinar against the dollar to normal 30/03/2013: Date Likely Vice-Chairman of the Finance Committee Ahmed Faizullah, the return of the Iraqi dinar exchange rate to the normal level versus the dollar, central bank requirement to take the necessary procedures and the use of international expertise to support the national currency. And Faizullah said "the country is suffering from confusion to its monetary and economic policy as the money that goes to outside the country imports more than the money that comes to him from the sale of oil, etc., in addition to there other funds wasted in various ways," he said. LINK:http://www.inciraq.com/pages/view_page.php?id=65814 Comment from Recaps The Realist - 03/30/2013 @ 6:42pm Got this post today: MP Faizullah Likely Return Of The Exchange Rate Of 3.48 Dinar Against The Dollar Baghdad, Likely Vice President Finance Committee MP / coalition of Kurdish blocs / Ahmed Faizullah, the return of Iraqi dinar exchange rate to the price of natural versus the U.S. dollar, the requirement to take the central bank procedures necessary and the use of international expertise to support the national currency. Said Faizullah (of the Agency news): The country is suffering from floundering his policy monetary and economic terms that the money that goes out of the country for imports more than the money that comes to the country from oil sales, etc., in addition to there other funds wasted in various ways. Added: that … The central bank must take its measures necessary to recover the value of the Iraqi dinar to natural rate against the U.S. dollar, and the use of international expertise should benefit from the recommendations of the International Monetary Fund to support the national currency. NO LINK Provided
  16. SteveI & P.D.Members Thoughts & Opinions Tuesday AM - 03/26/2013 SteveI comments on the “Wife in the Know” Post SteveI: Believe it or not, I absolutely agree with this post. Whether it is for real or not, knowledge or now, it is accurate by all of our sources, so I can safely say, it is what it is and spot on. Happy Easter to all. Blessings, Steve ***** marine1: lines up with a lot of "we are there" news.....thanks SteveI: Their numbers and ours are within a penny. I am more confident more so every day. I think plus or minus a few days around Easter will be a perfect time for the final task. You all saw the article saying they are going to start spending money first part of April, so in my opinion, this is as good as it gets. Happy Easter to all, Blessings,Steve Naplesnurse,I have come to know her. She would not deliberately lie to anyone. Milan: Dear Naplesnurse,I really appreciate your comment regarding “The Wife in the know” . It is so good to get confirmation that she is a real and that you know her. She is a very special person for me because, thanks to her first post that I received by email from my friend, I am here, part of this wonderful family. In that post, she apprised OCRush as the one who is the best informed in dinars world. My feelings told me that her post is sincere and I immediately searched to find OCRrush and………………..I found Him, Steve, Naplesnurse, Hopesway, DTD, MiniZorg and many others lovely people. Thanks to support received here I will be able to improve not only life of my family but also of many others, in a just several days. ******* sandyf, It is not a 5 minute job to alter the parameters of a payroll run. If they are to be paid at a new rate on April 1st then the changes would need to be taking place now. Something like this just cannot happen overnight. We can only hope that the preparations are taking place behind the scenes. The RV will not have happened until it is posted in Iraqi banks and that is very unlikely a few days before the month end. Lets just hope that Easter Monday is one to remember. ******* montgo, 1. don't forget that their April 1st could be our March 31st 2. the fact that they get paid April 1st determines the end date 3. March (edit) 26th several very important laws will be voted on. After those passing, it can happen any day. 4. remember that they don't recognize Good Friday or Easter .... 5. window imo between March 26th and April 1st ****** SteveI said: These are all excellent points. Thank you for pointing them out. Happy Easter. Steve ****** dinarmite,: Marine1 or Expect More...any way you can elaborate on your info about MC without compromising yourselves or your contacts?!Thanks...it's getting exciting around here and your little snippet as got me jacked xpect more said: Just consider this, every Forex traded currency must be able to be traded electronically and have an exchange value from one currency to the next. We just happen to know that the technology required to make that happen instantaneously is being programmed into MC systems. Exotic currency (which at this moment describes the IQD) is not recognized by MC, Visa, AMEX etc. No one has given us any information that could be an insider secret, but we know they are programming to calculate exchange rates and connect to Iraq's banking system. It began in the last 2 weeks. It would be a fair conclusion that this type of endeavor is not started on "maybe", "just in case" or "we have a hunch" because MC is about "Priceless Experiences For People Everywhere". It appears to us that everyone on PD will understand "Priceless" in their own way soon. Expect More ****** Optimus Prime: I love what I'm reading, and just want to add... I had the pleasure of having dinner and spending the evening with Ocrush a couple of nights ago. I have always been impressed with his comments and updates on PD. Well... Meeting him in person absolutely blew me away! I have never met such a knowledgeable person, with a photographic memory, personable, yet well-rounded family man. He is committed to making sure that PD maintains it's high level of accuracy and integrity. If Parliament passes the "Law of Antiquities" Tuesday... Hold on to your seats people!
  17. Part 1 BondLady & Shredd Chat - Post From BL's Corner - 03/23/2013 BondLady] Good afternoon Bondlady's corner !! Ms timmy Shredd and I have been working hard in our research for our members and we want to keep every one up to date and informed as much as possible in this investment. We are not about rumors or intel we deal only in fact and it doesn't get much better than the facts were about to bring to our members by our most awesome team so without further ado here we go...please know this is long and will require reading and thinking [bondLady] lets begin: [bondLady] IMF Mission Concludes Article IV Discussions with Iraq Press Release No. 13/87 March 21, 2013 An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion. The IMF mission met with the Acting Minister of Finance, the Acting Governor of the Central Bank of Iraq (CBI), head of the Board of Supreme Audit, AbdulBasit Al Turki Said, and other Iraqi officials from the ministries of finance, planning, and oil, and representatives from the Central Bank and the Board of Supreme Audit. The team also met with representatives from the Iraqi banking and business community. At the conclusion of the mission, Mr. Sdralevich made the following statement: “Following the recent expiration of the Stand-By Arrangement with Iraq approved in 2010, the IMF is committed to continue close collaboration with Iraq to support its development and help the government improve the social conditions and employment opportunities of Iraqi citizens. “Despite a difficult security and political environment, Iraq managed to maintain macroeconomic stability over the past two years. On the back of rising oil production and robust non-oil activity, economic growth has remained strong at about 8 percent in 2012. We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013. In 2012, inflation was contained at 6 percent, and we project it to decline slightly next year. On account of strong oil proceeds, CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion. http://www.imf.org/external/np/sec/pr/2013/pr1387.htm [bondLady] this document comes straight from the IMF and its discussing article 4 of the IMF. This round table discussion is open now anytime your ready timmy and shredd and thank you both for helping me and our members [bondLady] nice line up for this meeting huh [shredd] first of all, it was nice to see from the IMF that "Following the recent expiration of the Stand-By Arrangement ..." [bondLady] right [tlm724] confirms the conclusion [shredd] so I know some have questioned that so let's put that to bed [bondLady] we felt like it had expired but there wasn't anything in print before now [shredd] a very encouraging summary by the IMF followes: Iraq managed to maintain macroeconomic stability over the past two years and "rising non-oil activity" [bondLady] We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013. [shredd] right again, perfect confirmation of Iraq's strength.....from the IMF! [tlm724] thats the big dogs [bondLady] and inflation has been kept in check also due to the monetary policy, inflation was contained at 6 percent, and we project it to decline slightly next year. I also wanted to conclude this last part of the paragraph above" CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion". so the CBI has 70 billion in reserves and 18 billion in the dfi fund 88 billion, huge reserves for sure [shredd] yes, that's not a LOP country with those kind of reserves [bondLady] right [bondLady] While we welcome the achievement of a budget surplus of about 4 percent of GDP in 2012, largely due higher-than expected oil revenues, the execution of the 2013 budget should be aligned with available financing and provide for the accumulation of adequate fiscal buffers in the DFI, which suggests to target a budget surplus in 2013. Public financial management should be strengthened, notably by phasing out off-budgetary spending practices and reliance on state-owned bank financing to support public enterprises. Approval of additional spending commitments during the fiscal year should also be avoided. “Financial sector policies are improving, but more remains to be done. The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial. In this respect, the recent steps to clean up the balance sheets of Rasheed and Rafidain in preparation for their restructuring and recapitalization are key. The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year. “Iraq will need to address serious medium-term challenges in order to be able to create the conditions for high and sustainable growth that is necessary to improve the living standards of its people. The economy continues to suffer from severe structural weaknesses such as a small nonoil sector, high unemployment, public sector dominance, and a weak business environment. In this context, we discussed the role of economic policies in leveraging Iraq’s potential and creating an enabling environment. [shredd] next we see goals: phasing out off-budgetary spending practices and reliance on state-owned bank financing to support public enterprises "reliance on state-owned bank financing" so, just like I've been saying,,,,moving to the public enterprise for financing a recognized goal from the IMF and nice confirmation of what we have been watching for and another goal here: The CBI’s ongoing efforts to refine monetary policy instruments, strengthen banking supervision, and accelerate the restructuring of the banking system are crucial [tlm724] the thing I find most encouraging in this statement is this : IMF Mission Concludes Article IV Discussions with Iraq " clearly stating imo that the discussions are over and the mission is ending and when we look at Article 4 of the IMF we will see the significance of this . [bondLady] ***The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year. *** the run on the usd in iraq, they dont want all this crazy up and down , they want the iraq dinar to stableize and**********to create the conditions for high and sustainable growth that is necessary to improve the living standards of its people.****** they do need to make the peoples lives better by giving them a currency to be proud of, as much as they love the usd, its only because of the purchasing power, they would love to use there own currency to buy things with, and the imf is telling them, they do need to do something per this IMO [shredd] yes, that is the biggie in this portion!! taking measures to gradually liberalize the provision of foreign exchange via auctions [bondLady] also ******The economy continues to suffer from severe structural weaknesses ***** pass that infrastructure law and other countries will flock in and help them rebuild much of this as well [shredd] yes and I' know we've talked about it recently in another chat, [bondLady] yes we have shredd. The economy continues to suffer from severe structural weaknesses [shredd] but the demand and gap between the dollar and dinar can't swing too far between pricing and official rate.....before it pushes a rate change the "gradually liberalize" is very interesting here [bondLady] slow grow ? or is that whats been done [shredd] seems to imply, perhaps [bondLady] like set it to 1000 then float? [shredd] the context says.... the CBI should take measures to gradually liberalize, yes, i believe so [bondLady] should [shredd] a continued managing via pipping it up [bondLady] yes [shredd] i mean, the last word we have from the CBI themselves is what? 1000 to 1 right? [bondLady] yes, a managed float [shredd] so, horse's mouth [bondLady] and that seems most right to me [shredd] but hold on folks, because when we get into Ariticle IV, you will see what we are saying!!!! One last comment on this paragraph. In this context, we discussed the role of economic policies in leveraging Iraq’s potential and creating an enabling environment. [bondLady] yes and timmy will bring in those paragraphs when were through with this article [shredd] i love this line "leveraging Iraq's potential" i believe an "enabling environment" [bondLady] and iraqs potential as we know is so massive [shredd] includes a strong dinar that is the goal. yes, massive [bondLady] With regard to the fiscal sector, the budget must be managed carefully to maintain macroeconomic stability, meet Iraq’s large social and investment needs while continuing to accumulate buffers to address oil market volatility, and ensure medium-term fiscal sustainability. At the same time, Iraq needs to strengthen fiscal institutions and public financial management to make sure that the large oil revenues are used effectively and transparently. “Developing a stronger financial sector development will require moving away from the current model in which weak state-owned banks dominate the financial sector and enjoy favorable treatment vis-a-vis private banks. A solid banking system that can support growth and employment will require the full financial and operational restructuring of state-owned banks and creating a level playing field for both private and public banks. “Finally, while oil-growth is projected to remain high over the coming years, boosting non-oil private sector growth will need a long-term government strategy centered on improving the business environment and opening up opportunities for the private sector.” http://www.imf.org/external/np/sec/pr/2013/pr1387.htm [shredd] key part for me in this paragraph: Developing a stronger financial sector development will require moving away from the current model in which weak state-owned banks dominate the financial sector and enjoy favorable treatment vis-a-vis private banks. I realize this may be a bit for some to fully appreciate, but the wheels of an economy is at the street level private bank lending. rewind to last fall when the banking and investment conference took place... so much groundwork has been laid for the economic sector within Iraq be alive and well in the hands of a safe and transparent private banking sector, why? because that gives confidence to the people lastly, it says high oil growth will boost non-oil private sector growth [tlm724] We see the committee's and economist's calling for a free market economy daily in the articles which will grow the non-oil sector and create employment ,build infrastructure etc... and the WTO also calling for free market economy [bondLady] you bet timmy [shredd] yes,the massive power source of oil will boost the private economy ============================================================= Part 2 BondLady & Shredd Chat - Post From BL's Corner - 03/23/2013 [bondLady] *****Finally, while oil-growth is projected to remain high over the coming years, boosting non-oil private sector growth will need a long-term government strategy centered on improving the business environment and opening up opportunities for the private sector******* and this is where the WTO and the free market, tarriffs taxes, industries, agriculture, dairy, all the way down to toll roads , traffic tickets ... what ever you can think of that we are taxed on in our countries, they will too...and this in itself will support the state projects and funding so they can avoid loans and using more budgeted items to fill the needs iraqs economy and private sector will be paying for itself... these are huge things being set in place by not only the IMF but also the WTO.... such awesome news in this article from the IMF that came out yesterday... [shredd] yes yes yes and what comes with a "Free Market Economy" by definition? an internationally recognized currency [bondLady] absolutly shredd and as timmy has showed us from her research of the WTO they must pay for product with there currency not ours and it must be acceptable at all the banks of the countries that are selling to iraq or working with iraq [shredd] I mean, read this whole article a few times......and remember the source! This is such a wonderful confirmation and report card of where Iraq is, what goals are in front of them and the projections the IMF sees in Iraq!! [bondLady] this is the break down of the imf report we just concluded [bondLady] Next we present article 4 of the IMF [tlm724] Article IV: Obligations Regarding Exchange Arrangements Section 1. General obligations of members Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth, and that a principal objective is the continuing development of the orderly underlying conditions that are necessary for financial and economic stability, each member undertakes to collaborate with the Fund and other members to assure orderly exchange arrangements and to promote a stable system of exchange rates. In particular, each member shall: (i) endeavor to direct its economic and financial policies toward the objective of fostering orderly economic growth with reasonable price stability, with due regard to its circumstances; (ii) seek to promote stability by fostering orderly underlying economic and financial conditions and a monetary system that does not tend to produce erratic disruptions; (iii) avoid manipulating exchange rates or the international monetary system in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage over other members; and (iv) follow exchange policies compatible with the undertakings under this Section [shredd] the essential purpose ........of the international monetary system....... is to provide a framework that facilitates the exchange of goods, services, and capital among countries. the key part to focus in on is the exchange of capital...... as it ties into what we are talking about the principal objective being...."the continuing development of the orderly underlying conditions that are necessary for financial and economic stability" we'll expand on it when we look at section IV in here but see where it says: (iii) avoid manipulating exchange rates or the international monetary system in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage over other members compliance with the Article in full is going to demand a fair exchange rate regime [tlm724] Section 2. General exchange arrangements (a) Each member shall notify the Fund, within thirty days after the date of the second amendment of this Agreement, of the exchange arrangements it intends to apply in fulfillment of its obligations under Section 1 of this Article, and shall notify the Fund promptly of any changes in its exchange arrangements. ( Under an international monetary system of the kind prevailing on January 1, 1976, exchange arrangements may include (i) the maintenance by a member of a value for its currency in terms of the special drawing right or another denominator, other than gold, selected by the member, or (ii) cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, or (iii) other exchange arrangements of a member’s choice. © To accord with the development of the international monetary system, the Fund, by an eighty-five percent majority of the total voting power, may make provision for general exchange arrangements without limiting the right of members to have exchange arrangements of their choice consistent with the purposes of the Fund and the obligations under Section 1 of this Article. [shredd] ok, so exchange arrangements:we've known that the IMF will be involved when a "change in its exchange arrangements" takes place and this is what this section speaks to....approval through the IMF and don't forget, the article we just looked at stated that discussions regarding this Article IV were completed...just a reminder as we read thru this [bondLady] right ! Under an international monetary system of the kind prevailing on January 1, 1976, exchange arrangements may include (i) the maintenance by a member of a value for its currency in terms of the special drawing right or another denominator, other than gold, selected by the member, [shredd] hold on because it's going to get better [bondLady] or (iii) other exchange arrangements of a member’s choice. © To accord with the development of the international monetary system, the Fund, by an eighty-five percent majority of the total voting power, [tlm724] Section 3. Surveillance over exchange arrangements (a) The Fund shall oversee the international monetary system in order to ensure its effective operation, and shall oversee the compliance of each member with its obligations under Section 1 of this Article. ( In order to fulfill its functions under (a) above, the Fund shall exercise firm surveillance over the exchange rate policies of members, and shall adopt specific principles for the guidance of all members with respect to those policies. Each member shall provide the Fund with the information necessary for such surveillance, and, when requested by the Fund, shall consult with it on the member’s exchange rate policies. The principles adopted by the Fund shall be consistent with cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, as well as with other exchange arrangements of a member’s choice consistent with the purposes of the Fund and Section 1 of this Article. These principles shall respect the domestic social and political policies of members, and in applying these principles the Fund shall pay due regard to the circumstances of members. [shredd] good things in this section! the Fund shall exercise firm surveillance over the exchange rate policies of members when requested by the Fund, shall consult with it on the member’s exchange rate policies, which again, reference the article we brought in before this....... this is what was done! the key part of this section:The principles adopted by the Fund shall be consistent with cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, so what does this tell us? the change needs to be fair, cooperative and referring to the above subsection...... consistent in exchanging capital. you'll see further meaning in the next section titled "Par Values"this is huge.....and ties in with the last bunch of chat's I've been harping on [tlm724] Section 4. Par values The Fund may determine, by an eighty-five percent majority of the total voting power, that international economic conditions permit the introduction of a widespread system of exchange arrangements based on stable but adjustable par values. The Fund shall make the determination on the basis of the underlying stability of the world economy, and for this purpose shall take into account price movements and rates of expansion in the economies of members. The determination shall be made in light of the evolution of the international monetary system, with particular reference to sources of liquidity, and, in order to ensure the effective operation of a system of par values, to arrangements under which both members in surplus and members in deficit in their balances of payments take prompt, effective, and symmetrical action to achieve adjustment, as well as to arrangements for intervention and the treatment of imbalances. Upon making such determination, the Fund shall notify members that the provisions of Schedule C apply. [shredd] the fund may determine, by majority vote, international economic conditions permit the introduction of a widespread system of exchange arrangements based on stable but adjustable par values. so lemme explain par values [bondLady] *******by a majority vote******** [shredd] this is referring to balances on debt instruments remember when we talked about how crucial investment is to Iraq? and when the dinar came back on stage [bondLady] yes sir [shredd] WHEN it comes back, that the investment vehichles had to change with it? Well, here we see that this is addressed in this article again, this Article IV that was just discussed per the article we started with! so they are making preparations for the coming change to the dinar. let's keep going.....the next portion says this: for this purpose shall take into account price movements and rates of expansion in the economies of members. The determination shall be made in light of the evolution of the international monetary system so as the dinar evolves..... take prompt, effective, and symmetrical action to achieve adjustment, as well as to arrangements for intervention and the treatment of imbalances. the balances of all related investments will be adjusted [shredd] the IMF is all over it and again, they just completed discussions regarding this Article IV....and not like discussions about passing some law in parliament....this Article has been in place in the IMF.... their discussions were about IMPLEMENTING what is stated here approval of the change and steps regarding adjustment prompt, effective and symmetrical action! [tlm724] concluded discussions shredd [shredd] yes timmy! [shredd] concluded their discussions [tlm724] the time for talking is over. It is now time for action ! [bondLady] Just like some of my chats in the past where I've basically said the IMF, in a manor of speaking, is like the God Father...what the IMF says goes, and if some country doesn't want to abide by IMF decisions...then what happens? The IMF sends in its muscle and thats the UN...United Nations,...keeping in mind iraq is trying to come out of mega sanctions not add more sanctions to the list, so when the IMF speaks...like EF hutton...Iraq will listen [tlm724] Section 5. Separate currencies within a member’s territories (a) Action by a member with respect to its currency under this Article shall be deemed to apply to the separate currencies of all territories in respect of which the member has accepted this Agreement under Article XXXI, Section 2 (g) unless the member declares that its action relates either to the metropolitan currency alone, or only to one or more specified separate currencies, or to the metropolitan currency and one or more specified separate currencies. ( Action by the Fund under this Article shall be deemed to relate to all currencies of a member referred to in (a) above unless the Fund declares otherwise. http://www.imf.org/external/pubs/ft/aa/index.htm#art4 [shredd] this just speaks to keeping consisitency within each member's country not fluctuations by regions. so in summary, the first article shows us that the IMF concluded it's discussions regarding Article IV and we looked at all the exciting things that are involved into Article IV. So going back to that first article, what's next? We saw confirmation of the massive growth we see goals for ongoing growth and we see that all of this was discussed in light of how the exchange change will be approved, managed and implemented. When you look at all the requirements in Article IV, does a slow, incremental shifing of the dinar over many months or even years fit into this? No way! This address' a large change adjusting par amounts of agreements requiring a majority vote and in relation to other members. This to me, spells out a bigger shift than a gradual move !! Great work ladies and exciting to see this confirmation! [tlm724] We have watched , learned and researched to the best of this teams ability . It is apparent we are coming to our own conclusion in this investment. The world is ready for Iraq to show her true colors and I am so grateful for this opportunity in my life to witness the birth and growth of this nation. I thank you BondLady for the chance to be a part of this great team ! Shredd thank so much, it is great to have you on this team and to have you explain this in terms we can understand ! [bondLady] Awesome. Thank you so much timmy for the awesome research you do for us and thank you so much shredd for "banking" in our corner and understanding the banking through a bankers perspective and helping us all to understand these things better. I salute you both. Thank you very much ! [bondLady] and in closing this concludes Timmys, Shredd and BondLady and our round table discussion of IMF Mission Concludes Article IV Discussions with Iraq ...and Article IV: Obligations Regarding Exchange Arrangements ... March 21st 2013..... I hope everyone has enjoyed our work and efforts to keep you notified and up to date on our investment into the iraqi dinar........shredd, timmy and BondLady...out.
  18. SteveI and OCrush Update from Peoples D.Forum Thurs. AM - 03/21/2013 Posted Today, 08:10 AM Greetings Peoples D. Members, First of all I do apologize about the confusion of the Ocrush post that was done Sunday night, but had to be removed. I feel like I owe you some sort of explanation as to what happened. An email was sent to our mods from Ocrush and it got posted in another area. Somehow that information got out and another person created a fake Facebook page posing to be Ocrush and put that email to us on his page. Also the member that quickly posted it on this site somehow by a miracle from God stumbled upon that very Facebook page and decided to post it on our site. Our process is that all information is reviewed by Ray and I and we can generally confirm it. I did see a member ask how can we do that because most if not all of our sharing usually is not posted until a few days later in the Iraqi media. The answer is very simple, between my many sources and Ray's many sources we can confirm if accurate or not. In this case we asked to hold off on posting it as I am out of town and Ray was busy with family and furthermore, it is Sunday for us and we set that day aside for our wives and family. I guess someone felt we were not doing our job fast enough and took it upon ourselves and expedited the process without our knowledge so we had no choice but to remove it for the time being, so that is exactly what we did. I would like to say that we were able to confirm who did this by reaching out to several high level law enforcement agencies and the legal department of Facebook and was able to gain control of this situation. FYI, if anyone ever tries this stunt again, make sure you spell OCrush's first name correctly. With not much being reported regarding news, this past week, I feel that no news is great news. So, you know the same story, sit back and relay and let it come to you because it is coming. Now for the best part of this, after Ray and I talked to Ocrush for quite a long time on the phone yesterday, there is so many good things happening behind the scenes and not much of it is being reported by the media. Here is the post that is redacted from Sunday: Subject: Very exciting times Happy St. Patrick's Day, These are very exciting times!!! The new Iraqi flag has been commissioned:) We were praying so hard to see something on the flag because we believe this is a sign of fresh unity and to move forward. Positive Symbolism is huge new flag, fresh anthem, new money(LD)! The new flag has four colors. Green, White, Black and a Red Star:)) I am stoked!!!!! Now they need to make the flags and distribute them. When this is done the committee will approve the release and announce it As Official Ok......Now there is a new timeline. Are you ready!! On the 21st of March we have the UNSC meeting. The Kuwait's agreed to contribute money to the displaced Iraqi's at the border, so they can built new homes (AWESOME:) The Kuwaiti PM and some of his officials inspected the border and were satisfied with it and offered the money to the displaced. They just need to complete about 300 meters of border.....already in progress Now....the 2013 budget has been approved by the deputy minister of finance and committee (10 days, right on the mark the law allows) to the presidency. Now the presidency has 15 days to approve it and place it in the gazette. 15 days is what the law allows, changed or not, it will be placed in the gazette. Sooooo....the last day for this to happen is April 1st ) We also heard that parliament may be postponing there sessions till the 26th of March but also believe the are still there meeting and passing laws. Many of you, I am sure, are upset if in fact this is true.....BUTT DONT BE!! THIS IS AWESOME! They know they have to get laws passed as close to the official release of the budget (gazette) so they can place these laws that they pass in the gazette together. They are all related. Just like the pay scale law that is attached to the budget. I emailed the proof on that. They are all interconnected. Look at the official parliamentary session that will take place on the 26th of March. The laws that are to be voted in and made me excited are.....Antiquities Law;) and LOOK Mesopotamian Printing law (bank) that IS attached to the Ministry of Education. This vote that will take place on the 26th is to separate this law from the Ministry of Education and fall under its proper Ministry Finance (and CBI). They couldn't do this until Issawi (the former minister of finance was out) he was corrupted so they had the ministry of education take care of the printing law:)) Soooo in conclusion......GET READY! We are all excited for you! TEAM WORK AT ITS BEST!!! PS: Please do not go buy more Dinar and not pay your bills. Nothing I MEAN NOTHING IS 100% EVER! We report what we know are facts but just because we see the facts after we report, does not mean we know for sure...it is the Iraqis and powers within that know the outcome 100% CHEERS ALL SteveI: In sharing a bit more, we are being told that wages being paid April 1st will be in the new rate and they are already preparing them and trying to explain to them in advance so they will not panic when it happens. Here is another bit is good news in print coming out of Iraq: Economic parliamentary: Launch the budget early next week March 21, 2013 Committee announced economic parliamentary Thursday that this weekend will be the date for the launch of the financial budget for this year, noting that the delay came for technical reasons, said committee member MP Abdul Hussein Abtan told "Nahrain News" that "the financial budget is still in the Office of the Presidency of the Republic for approval to be published into law in force in the Official Gazette of Iraq and the launch of the implementation early next week, "he said Abtan that" delay launch budget came for technical reasons and procedural fact that the law provides for passing rings and phases such as launch of the exchange and by forest official "The House of Representatives approved the financial budget after labor Asir on the seventh of this March after the Alliance coalition of state law with the National Alliance and the Sadrists and some deputies of the Iraqi List, away from the Kurdish lawmakers who are still objecting to some details dues foreign companies operating in the field of oil in the region." http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.mubasher.info%2Fportal%2FISX%2FgetDetailsStory.html%3FgoToHome PageParam%3Dtrue%26storyId%3D2275744 We feel that this should not go if any but a few days into April. Too many things are lining up to cause further delays. Another bit if information, I was able to confirm for a fact that the Treasury personal is in fact still in Iraq located in the Embassy and the CBI which I believe this to be very positive. So I hope this helps and again, I do apologize for the posting earlier this week. We as a team have put together new measures to ensure our wonderful members that this will not happen again. So you know the story, sit back and relax and let it come to you as it is now there. Let's also finish this together. Remember, I feel this will not go much in to April at the latest. If we start to hear something different, I will for sure post and share what we are hearing. Have a great and Happy Easter Holiday to all. Thank you all for your understanding and let's finish this together and with pride and in style. We working very hard for yet another great update coming your way. Blessings, Steve
  19. Frank26and KTFA Members Saturday Late Morning - 03/16/2013 walkongstick wrote on March 16th, 2013, 10:17 am: “Iraq to spend $173 bn on energy infrastructure” BASRA, Iraq: Iraq plans to invest $173 billion in its energy infrastructure over the next five years in order to dramatically ramp up crude output, Oil Minister Abdelkarim al-Luaybi said on Saturday. The investment in upstream activities, refineries and to increase natural gas production will boost oil production to 9.0 million barrels of oil per day and bring in revenues of $600 billion, Luaybi told a conference in the southern port city of Basra. "This plan will achieve revenues that will reach about $600 billion in the coming five years," Luaybi said. Iraq currently produces around 3.15 million bpd, according to oil ministry spokesman Assem Jihad, of which around 2.5 million bpd is exported. The country has proven reserves of 143.1 billion barrels, among the highest figures in the world. It has sought in recent years to sign contracts with international energy firms in order to boost output sharply and cement its role as a key global oil supplier. Baghdad is almost entirely dependent on crude sales for much-needed revenues to rebuild Iraq's decrepit infrastructure and state-dominated economy, both of which have been shattered by decades of conflict and sanctions. Read more: http://www.dailystar.com.lb/Business/Middle-East/2013/Mar-16/210379-iraq-to-spend-173-bn-on-energy-infrastructure.ashx#ixzz2NiE1bltG Frank26: KTFA ........... They tell the CITIZENS ALL OVER Iraq that their currency is about to increase in value and Power on Iraqia TV. So You will not understand or know. But articles like this one with these NUMBERS that EXPLODE ........... Become Your Iraqia TV ......... Translated. Have a Beautiful day ......... Con Amor que es Aloha ....... :hibye: KTFA, Frank ********************** seniortour wrote on March 16th, 2013, 11:03 am:Good Morning Frank, Have you heard any new discussions about O trying to make any new tax laws? Do you think that maybe he studied Socialist Law and not American Law when in College? I remember, seems like years ago, there was a lot of talk on the forums that 3,000,000 Americans hold at least 2,000,000 IQD. That comes up to 6 Trillion IQD. Where those numbers came from, who knows. Let us, for the sake of discussion, say those numbers was correct. Where to you think we are now with regard to how many Americans own the IQD? All these delays are only going to put huge amounts of money into the economy. The American People with their investments, debt reduction and yes tax dollars will reduce our government’s debt. The amount of IQD our government holds is only the icing on a very huge cake. Would like to know your thoughts? Seniortour Frank26: Wish I had the time to post You an answer but I type like a bird eats seeds ....... And I have to go.I have talked of this on my CCs but I will do so again on Monday's CC. Look........... Time was give to us to buy more dinars in the last 4 years ........... But NOT on purpose nor with purpose. It just worked out that way. BUT ............ Double dipping ............. Brilliant IMO. Be Blessed Friend........... : KTFA, Frank
  20. Frank26 Post from KTFA Forum Friday Morning03/15/2013 Dew7: Frank can you share some of your findings today that encouraged you to put us all on white alert? : Frank26: Based on two factors ............ Our WF sources and what they are finally telling the CITIZENS on Iraqia TV. WF is very close to us right now.IMO.......... My Teams have changed their posture on the IQD and us future customers. It went from it is a scam last year to ............ Us responding by saying .......... Ok.... Then let me talk to Your legal department cause I wish to sue WF. Why? Cause You sold me dinars last year. Then at the start of this 2013 ............ They un-masked their purpose with the IQD. So.......... Our bank Teams with Beta presented KTFA to WF and they ............ LOVED US !!! But we then learned ............. WF will ONLY talk to us AFTER CH 7 is lifted. So we both stay close. Yes .......... These two factors also keep me silent until Monday's CC where I will bring back ALL OF DELTA'S TEAM to ............. KTFA. Other sites are literally embarrassing themselves by taking our MONDAY CC INTEL and pretending. Yesterday someone called and told me XXXXXXXXX site was saying Delta's wife is watching TV and reporting to him. Both he and I do not like it when they involve our families with their cronic lies to the net. Another site talked about my dad ......... Sad. When sites become professional liers or create so called intel falseness ......... Then IMO ...........They are very dangerous. Therefore ............ I guard my Teams until Monday's CC. Surely You have noticed my pattern by now ....... Anyways......... Be safe ..........Be Happy ......... Be with God in constant Prayer.Aloha to my Beautiful KTFA FAMILY and STAFF......... :Pray for me cause I go to play with my powerful grandchildren...... :rofl: KTFA, Frank........... You will Love Monday's CC ........ I promise. < See Thursday Nite Frank Post Following>
  21. Tlar's Breakdown & Opinion - Post From D. Alert - 03/13/2013 The time on Wednesday, 13 March / March 2013 07:39 | | Baghdad / Orr News Despite nearly three months Alabaster exclusion d. Shabibi Governor of the Central Bank of Iraq, but the currency auction conducted by the bank, is still a matter of debate among politicians and economists. With detection parliamentary source early for the outbreak of major Central Bank and Agency Abdul Basit Turki, demanded Baghdad Chamber of Commerce, the central bank and the government to reveal the fate of the $ 250 million sold daily for banks and "organized gangs" led to the disruption of Iraqi dinar exchange rate . ARTICLE & LINK BELOW "According to a member of the room that the central bank has become a non-magnet for Arab banks and also became an environment repulsive to invest domestic economic not to grant any guarantees to these banks in the sale of Iraqi funds, noting that most of the banks of the Arab countries in Iraq has become disabled because delayed proceedings money transfer center operations would be conducted without fixed substrates including delayed transfer of $ 36 trillion dinars to a bank for a period of 6 months due to difficulties converting currency outside causing it not to make a profit for these banks and distancing itself from Iraq" Tlar: The last paragraph about says it all. The banks representing arab countries operating within the borders of Iraq, are having trouble selling dinar because the people won't buy it, causing the bank to lose money. TLAR CONTINUES: The banks are delaying earlier orders for dinar because there is no market. The people of Iraq prefer to use the dollar because it is in better condition and it has value. Whereas before these banks sold dinar and traded in dinar, they appear to be mainly trading in USD now. Dinar no longer makes sense to them because they can't make any money selling it. This most likely supports all the articles we've been seeing about how the dinar is desintigrating because of use and because of this, and the fact that less and less vendors will accept it It is one of the two reasons Iraq is dollarizing. The other is of course the banks policy of keeping the exchange rate low is a major incentive to make Iraqi's dollarize in an attempt to preserve their wealth and buying power. Gosh darn how I love these kinds of articles. . "Iraqi funds, noting that most of the banks of the Arab countries in Iraq has become disabled because delayed proceedings money transfer center operations would be conducted without fixed substrates including delayed transfer of $ 36 trillion dinars to a bank for a period of 6 months due to difficulties converting currency outside causing it not to make a profit for these banks and distancing itself from Iraq" TLAR: By the way, the solution to Iraq's problem here is easy and it is becoming more clear all the time. Raise the value of the dinar to a dollar, introduce the smalls, buy back all the USD over the next six months. The CBI's reserves would go through the roof as they repatriate all the US dollars they have been selling over the years as they buy them all back at a one to one basis. Punisher: Tlar, i wish they would look at this as simple as you do... Tlar: Punisher I think they do but obviously are holding for this period of time for some reason we don't know. Maybe a green light from the IMF/UN making sure Iran is all but devoid of real dinar. Maybe its because of some other reason you and I haven't even thought of and will never know. Assume this though, in a perfect world, if the CBI collected every dinar in Syria, Iran and Iraq, the only countries that actually use the dinar, it would be extremely easy to change the exchange rate to anything they want and collect all the dollars that they have put out buying over the years buying up all those dinars. If Kap is right and I know that he is, the dinar outside of Iraq will continue to stay where it is or it will be traded amongst countries as it will be an international currency. Buying all the dinars up in Iraq, Syria and Iran would mean that Iraq receives basically a clean slate with no dinar left to cover that was circulating. They could then put the exchange rate at any amount they want and use it to buy back all the dollars they used setting this up. I always wondered why Iraq needed 3 times their outstanding currency (dinars) in hard currency just sitting in currency reserves. Some of this money might have been used fixing infrastructure. What was the purpose of such a vast reserve when most countries have only 10 - 15% in reserves to back their currency. Maybe this was their plan all along to buy up almost all circulating dinar and then change value. Whether or not it is their plan, it looks to me like the CBI is doing just that. Punisher: Thanks Tlar...now all we need is that time period or window of opportunity. Tobyboy: Tlar So what do you think meaning of 36 Trillion dinar to a Bank for 6 months due to difficultty converting currency outside. Are they saying they have 36 Trillion more to convert to dollars or have already converter 36 trillion. I was thinking last month they had around 6-7 trillion left in Iraq & within 2 months be completely out of dinar ? Tlar: Toyboy, I think what they are saying is these banks are not accepting orders for dinar that they had placed earlier in the year and what would be considered normal in purchases by these banks is no longer the case. The buying trend has changed. Few banks are buying very little dinar. Remember it was only about 7 months ago that they started to dollarize Iraq through the auctions. Prior to that it was an ebb and flow kind of thing with the banks. If they were low on dollars, they would buy dollars. If they were low on dinars, they would buy dinars. These two currencies were circulated on a daily basis throughout Iraq. Remember a $1.00 US dollar in the United States is used over and over and returns time and time again to the bank. Same with Iraq. Since the bank started buying up all the dinars, it has pretty much been a one way street. There is little if any demand for the dinar in Iraq and elsewhere in the middle east. So the banks are mainly buying dollars from the CBI because that is what the market demands. No business wants to be in possession of a product that there is no demand for. All currency markets in Iraq are being drained of dinar for the reason I listed in my post above. Sooner or later there should not be much dinar left in Iraq, as well as Iran and Syria. We see through the auctions a trend that is substantiating this claim as the auctions are reporting fewer dollars being sold daily. This is a stair step down process, not upswing process on selling USD. Eventually the banks will have purchased most of the dinar and the market will be satuated with USD. It is at this point the CBI could easily change the value of the dinar. If these policies remain in place as I hope they do, we might see a change by as early as July. Its been an upside battle for the CBI IMHO because of all the quassi Iraqi economic experts and politically motivated agendas that have continually try to interfere with the process. The bank has stayed the course lending me to believe that they know what their doing. They are not selling all of this USD and buying this much dinar as an accident. To me April is out of the question even though it is the beginning of an accounting period because the auctions are still selling USD in the very low 100 millions per day running from a high of 125 to a low of 85 million. This is down from where they started this process 7-8 months ago substantially. It was in the mid 300 million range per day back then. If the CBI is able to stay the course inspite of all the crap being thrown at it, we should shortly see that these same auctions will be fluctuating below the 100 million mark and the swing will look more like 50 to 95 million per day continuing the downward trend. I'm hopeful that whoever makes the decisions at the CBI concerning this process stays the course. FULL ARTICLE & LINK: The time on Wednesday, 13 March / March 2013 07:39 | | Baghdad / Orr News Despite nearly three months Alabaster exclusion d. Shabibi Governor of the Central Bank of Iraq, but the currency auction conducted by the bank, is still a matter of debate among politicians and economists. With detection parliamentary source early for the outbreak of major Central Bank and Agency Abdul Basit Turki, demanded Baghdad Chamber of Commerce, the central bank and the government to reveal the fate of the $ 250 million sold daily for banks and "organized gangs" led to the disruption of Iraqi dinar exchange rate . Source Parliamentary said that differences cropped up as a result of the approach followed by the central bank governor and agency, which differs sharply from approach former governor Sinan al-Shabibi, where did road that was Shabibi has pursued and mechanism of action of differences between the political parties and the Governor of the Turkish Central influenced the interests of a number of politicians and their parties at a critical time were very dire when the proceeds mediation through a central bank auction of dollars. The source indicated that the auction was used by some parties and figures source of funding large activities partisan and political and funding bases and now picture is different and the reason is the difference between state law and the rest of the blocks on the arms deal, Russian and reaction Maliki destroy the spring, which was feed the remaining money is the auction, and now everyone is looking for a way to return to normal. But a member of the Board Room Salah al-Waeli said the central bank auction sells daily enormous sums of money estimated at $ 250 million for banks operating against the country and controlled by organized gangs. Waili said he should government and the central bank to disclose the fate of these funds sold daily and that no map to know what to go this money and the goal of the bank sales these huge sums of money. Waeli said that central bank sales led to osteoporosis in the dinar exchange rate and foreign currency between the rise and fall in the local markets of a single sentence, and shares of a volatile exchange rate compared to currency exchange rates in the Arab countries. According to a member of the room that the central bank has become a non-magnet for Arab banks and also became an environment repulsive to invest domestic economic not to grant any guarantees to these banks in the sale of Iraqi funds, noting that most of the banks of the Arab countries in Iraq has become disabled because delayed proceedings money transfer center operations would be conducted without fixed substrates including delayed transfer of $ 36 trillion dinars to a bank for a period of 6 months due to difficulties converting currency outside causing it not to make a profit for these banks and distancing itself from Iraq. LINK
  22. Frank26 tidbit from D.D Tuesday Evening - 03/12/2013 3-12-2013Frank26: Talabani is in Iraq. They denied that he would return in March. Why? Because he returned in February, I believe it was the last day of February. The 22nd is when Talabani will sign the 2013 Budget which was released on the 7th. There seems to be a lot centered around this. Iraq, you can take your time to show us the new rate. Why, because you made the statement that everything will be retroactive back to January 1, 2013. You have a new value, don't you? If you have the same value, you don't have to retroactive back to January 1...Light Bulb. So when you are ready, release that new rate, because we know it's a new rate. Let's see what happens between March 15 - March 22. On the 21st Talabani will be all over the place. He is in Iraq & in position & waiting. There is a conference for the Advancement of Iraqi Banks on March 22nd. Why would you want to advance Iraq banks at 1166, that's an insult to the world banks. The World Bank said it is implementing an extensive plan in collaboration with the Iraqi bank sectors....done, done. The World Bank is saying it is ready to take the next serious steps which require a 1 - 1, 2, 3 or 4 dollar rate. Those are serious steps.
  23. Shredd & Timmy Notes From Stryker's Web TV Show - 03/10/2013 Below Shredd & Timmy's notes from Strykers Web TV Call - Post From BondLadys Corner Below is the link to the replay of the radio/webtv show : Stryker Web /TV on Demand LINK (When Page come up click on title or date for show to watch) Guests - BondLady - Shredd & Timmy from BondLadys Corner These are Shredds and timmy's notes from the show: Shredd: Like many of us, I have friends, family and business partners invested in the dinar based on their investment strategies or their trust in my judgment. Some watch the dinar very closely while others invested and check in periodically to see how it’s doing. When they check in with me, I often tell them what I’m about to tell you....Follow the money. Follow the money! Follow the money! As we know, Iraq has amazing potential. The possibility of investors to make money in Iraq is huge. Why has it taken this long? Well, just as there is an appetite for Return On Investment, there is also a level of tolerance for RISK. Iraq has had the ongoing challenge of reducing the perception of RISK….and in many cases, especially in the earlier years after the war, the RISK was real—not just perceived. The level of risk today is more perceived than real and the ISX is a perfect example. The ISX first was incorporated and began operations in June 2004. Many gurus don’t know that. We’ve only just been hearing more about it because of some big names like Asiacell jumping onto it. An article from March 5th titled “ACL shares doubled capital of the Iraqi Stock Exchange” LINK says it best: The capital market has doubled in the month of February…the success of IPO ACL, has given confidence to investors of Iraqis and non-Iraqis that the Iraqi market can manage this process and the biggest of them, too." Think of it this way, all of us on this call and all those listening made a decision in the past to buy dinar. Why? Hopefully you did your homework and made a calculated decision to give up some of your hard earned cash to buy the Iraqi currency. You had to weigh RISK versus REWARD. Investors on a global basis are doing the same thing. Some have jumped into the Iraqi market but so many are waiting. Believe it or not, investors will jump on an opportunity if others do. Going back to some of you, you may have decided to buy dinar solely based on the trust of someone else doing their diligence. For example, what if the most trusted businessman or public figure you respect made a public statement that he/she believes in Iraq and has decided to buy billions of dinar? For some, it wouldn’t matter but for others, that may be enough for them to follow suit. So along these lines, we are continually seeing articles on banking and investment that may largely go unnoticed. These are continually showing us the opening door to investors and the global partnership Iraq has. Let me go to a few articles... Rikabi: trade and investment agreement with the United States will contribute to the advancement of the Iraqi economy March 9, 2013 LINK BAGHDAD (Iba) .. Considered a member of the Economic Committee MP Ibrahim al-Rikabi, the Convention on Iraq for trade and investment with the United States is a good agreement and appropriate their time came that Iraq needs to relations Trade and economic exchange between him and the European countries. Rikabi, told the independent press (Iba) that "Iraq Compact with America on trade will put many positives about Iraq's trade is consistent with the requirements of the national economy, pointing out: that the United States of America with economics sophisticated it can through this agreement to achieve exchanged commercially, economically sobering rise of the Iraqi economy. " This is a good agreement, at the appropriate time, making Iraq consistent in trade within the national economy!!! Shaways: Iraqi agreement - U.S. entered into force and Washington confirms Iraq's recovery from the crises Thursday, 07 March / LINK Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, Thursday, entering the agreement between Iraq and the United States into force in 2005, while stressing Washington's ambassador to Baghdad, said economic cooperation with Iraq evidence recovering from crises. Shaways said on the sidelines of a ceremony held to mark the Convention's entry into force in Baghdad for "obelisk", "Iraq wants to accomplish foreign investment and entry of foreign businessmen, especially from the United States for these companies from the experiences of leading global and huge potential." He added, that "Iraq is seeking to make the necessary adjustments in the investment law and the laws and regulations chock him to create a fertile environment attractive for foreign investment and local levels." For his part, the U.S. ambassador in Iraq, Stephen Beecroft, who headed the delegation of the U.S. side for "obelisk", that "economic cooperation with Iraq evidence of Iraq's recovery from the crises it also represents an important breakthrough for the two countries and investors as well." The increasingly active U.S. companies operating in the sectors of energy, defense and information technology, automotive and transportation in Iraq . Iraq wants and is seeing foreign investment and there are increasingly more US companies coming into Iraq and this is a breakthrough for not only the US and Iraq, but for investors as well…..even at the local level! And another related article, here’s an excerpt: America and Iraq are close to trade and investment agreement after eight years of negotiation Friday, 08 March LINK Said the U.S. Trade Representative's office said an agreement between the United States and Iraq to promote trade and investment links are expected to come into force later this year after eight years of negotiation. So, a trade agreement which will promote not only trade but INVESTMENT will come into FORCE this year! Lastly, I wanted to point out that there is work that needs to continue to be done…. Economist: the development of the banking system will contribute to the promotion of investments in the country Date: 03/10/2013 14:24:30 Sunday LINK Hashemi said (of the Agency news): The development of the banking system will contribute significantly to advancing investment through encourage investors to come to the country for the purpose of work and investment. added: must amend the investment law according to developments in the world to encourage investors in terms of granting facilities and assistance to them and to reduce red tape. explained: that failure Iraqi banking system has a big role Ptlka investment process in the country, calling for new legislation for banks format makes local banks to meet the needs of investors. When we see the word “investment” in many of these articles, you can tell that it means different things depending on the speaker. For some, investment means global institutional investors, like the audience of the banking and investment seminar last fall. For others, investment means at the grass roots or “street” level like this article implies. So, this is just a sample of what we have been seeing around banking and investment but if you look at the big picture of the final preparations as well as the beginning signs of a flood of investment coming to Iraq, you just can’t help but to be excited! WTO ascension and an internationally recognized dinar is part of this equation and I believe we are very close to seeing this unfold. How will the dinar grow in value? That remains to be seen but any way you look at it, we win! So many of you are anxious to cash in and perhaps frustrated, but you need to understand that so much has been and continues to be accomplishes. The stage is being set and money, and the power it brings, is KING. Our day is coming and each and every day we are seeing proof of progress. Hold on and hang in there and train yourself to look for the progress and not just the rate because it will give you tremendous peace of mind and the hope we all crave! **************************************************************** Timmy: I am going to talk about the world trade organization. Trying to get an inside look into the WTO accession process has been one of the hardest things I have done to date. The whole process is shrouded in secrecy while documents reviewed by the accession working party remaining restricted until negotiations are completed. In many cases, both parliament members and citizens of the country do not know what is at stake. The accession process forces the applicant country to make many concessions to the members of the WTO as well as changing their domestic and national regulations in order to conform to the new agreements. So the first thing I looked for was information about the working party, what and who are they? I stumbled onto a website (US govt) that would only allow me a 3 second view before going blank so after about 20 times I was able to find out who some of the working party is for Iraq's accession. They are the US, no surprise there and China, Brazil and European Union I am sure there are others but thats what I caught. In 2007 The Chair of Iraq's Working Party was H.E. Claudia Uribe, Ambassador for Colombia. So each country has a representative on the working party. As I said the information is difficult to find for Iraq so I studied Saudi Arabia and their accession. It took Saudia Arabia 10 years to accend well 12 really if you count the 2 years prior to the formation of the WTO. They officially accended 11 dec 2005. The intersting thing about Saudi Arabia is that I was able to see the process in the official documents as they were released after the accession. In 2005 the last hurdle, and one of the toughest, were the talks with the US, which were completed in September 2005. Bilateral agreements with most other countries were completed the year before. Saudi Arabia had been changing its commercial and economic laws over those past few years to comply with the WTO’s rules. Where it has been noticeable and where it had the greatest effect so far is in the distribution, telecommunication, banking and insurance sectors. Its my impression that these "agreements and laws" are the last step in the accession process. The agreements are you scratch my back and I'll scratch yours. Let me quote "Bilateral negotiations: The applicant government engages in bilateral negotiations with interested Working Party members on concessions and commitments on market access for goods and services. The results of these bilateral negotiations are consolidated into a document which is part of the final “accession package”. We will allow your accession if there is something in it for us and that is exactly what Saudi Arabia did ! So where is Iraq ? Well we know for a fact that a trade agreement with Unites States has been signed and I confirmed that on the website of the Executive Office of the President of the United States ( ustr.gov ) so thats one member of the working party happy. So I needed to find out about the rest of the working party and did my research and found Iraq signed agreements and passed two laws in 2012 with China and the European Union and have signed agreements with Brazil. So I would say we could check off the agreements. Next comes the laws . BondLady has continually said that the remaining laws are critical to Iraqs progress and she is absolutley correct ! If 90 % of the countries export is oil then of course a reasonable person could assume you will need the HCL law in force. Another critical law that has already been passed is the Copyright protection law (Intellectual Property Law) so why is that important ? Let me quote Ms Urbine the chair of the working party " Next steps :Iraq will prepare documents on agriculture, services, technical barriers to trade, sanitary and intellectual property. It will also prepare a general legislative action plan providing members with a state of play of current and future legislation. " A free market economy is another requirement as well as Members must allow international transfers and payments for current transactions relating to specific commitments entered into under that agreement. So the WTO wants Iraq to be specific about payments and they have because on Feb 25, 2013 Finance Committee MP Bayati said " be directed the Central Bank to support investment in dinars will support the national currency and the Iraqi economy, calling to rely on the dinar all insider and external to increase its value and enhance the confidence of the world and be a competitor of currencies International. " LINK Check that off the list too. One of the last things is according to article 4 of the WTO requirements is (a) the strengthening of their domestic services capacity and its efficiency and competitiveness, inter alia (latin = amoung other things) through access to technology on a commercial basis; ( the improvement of their access to distribution channels and information networks; ( so the wto wants an electronic system) LINK I know that Iraq is getting ready to fully implement the tariffs for two reasons, one its a requirement and two because they have requested from the WTO "We are prepared tables within the Harmonized System which was released in 2002, which consists of eight figures, and asked the organization to work on a modern system consisting of ten figures add another digit tariff," LINK this is kind of like a bar code for everything taxed. The Harmonized System – Tariff Classification The HS is a structured, hierarchical system; meaning it has progressively more specific levels of detail. then adds Tariff items for additional detail and to assign rates of duty, and statistical WTO Requirements Foreign exchange and payments Applicants need to describe how their exchange rate is determined, whether their currency is convertible, whether foreign exchange is freely available for trade and payments purposes, whether any regulations exist relating to the retention of foreign currencies, or repatriation or surrender requirements. Applicants should also describe their balance of payments situation. While foreign exchange questions are within the jurisdiction of the IMFand trade policy questions within the competence of the WTO,128foreign exchange questions and trade policy questions are interrelated. Of most direct relevance to the WTO is whether foreign exchange is freely available in payment for current account transactions, as exporters need to know how they will be paid. The WTO therefore recognizes this interrelationship. The GATT 1994 provides that Members must not, by exchange action, frustrate the intent of its provisions and that they must either be members of the Fund or enter into a special exchange agreement with the WTO.129GATS provides thatMembers must allow international transfers and payments for current transactions relating to specific commitments entered into under that agreement. ( General Agreement on Tariffs and Trade ) LINK In the agreements: more time, better terms The WTO agreements include numerous provisions giving developing and least-developed countries special rights or extra leniency— “special and differential treatment”. Among these are provisions that allow developed countries to treat developing countries more favourably than other WTO members. The General Agreement on Tariffs and Trade (GATT, which deals with trade in goods) has a special section (Part 4) on Trade and Development which includes provisions on the concept of non-reciprocity in trade negotiations between developed and developing countries— when developed countries grant trade concessions to developing countries they should not expect the developing countries to make matching offers in return. Both GATT and the General Agreement on Trade in Services (GATS) allow developing countries some preferential treatment. Other measures concerning developing countries in the WTO agreements include: extra time for developing countries to fulfil their commitments (in many of the WTO agreements) provisions designed to increase developing countries’ trading opportunities through greater market access (e.g. intextiles, services, technical barriers to trade) provisions requiring WTO members to safeguard the interests of developing countries when adopting some domestic or international measures (e.g. inanti-dumping, safeguards, technical barriers to trade) provisions for various means of helping developing countries (e.g. to deal with commitments on animal and plant health standards, technical standards, and in strengthening their domestic telecommunications LINK One last note we have seen 5 articles since August talking about Iraq's mission to promote the maritime sector through the help of the International Maritime Organization which will help facilitate trade and the International Maritime Organization is the United Nations specialized agency with responsibility for the safety and security of shipping and the prevention of marine pollution by ships. So now we know Iraq is on the verge of accession and with that comes a currency with value and status ! To follow up on the question asked on the show about the frequency of WTO meetings below is the link to the WTO schedule of meetings for 2013. thank you ! LINK
  24. Tidbits from Frank26 and KTFA Members Sunday Afternoon 03/10/2013 Walkingstick wrote on March 10th, 2013, 11:22 am: ATTN: FRANK...Sunday, March 10, 2013 15:28 BSA signed a memorandum of understanding with the Arab Academy for Science banking in OmanBAGHDAD / Baghdadiya News / signed BSA, Sunday, with the Arab Academy for Banking and Financial Sciences in Jordan a memorandum of understanding in the field of capacity building and training. According to BSA moved his press office and received / Baghdadi News / copy of it, that "the BSA with the Arab Academy for Banking and Financial Sciences in Jordan, a Memorandum of Understanding in the field of capacity building and training." "The memo comes to enhance the existing cooperation and continuous between the two sides in the field of training personnel of the Office of Financial Supervision in the field of Banking and Finance." Finished / 21 http://albaghdadianews.com/economy/item/27345-DnNAl-AkEjAB%D8%A9-AkLAkn%D8%A9-nNjI-LdKE%D8%A9-bJAmL-LI-AkaKADnLn%D8%A9-AkIEBn%D8%A9-kkIkNL-AkLZHEJn%D8%A9-Jn-ILAl.html Frank26: Yes Sir......... We saw You working on this yesterday so we started the qts. This is another indiviual step to bring Iraq into the international world of commerce. It says the IQD has a new and wanted VALUE within the WB..... CBI/GOI..... 2013 Budget.....UNSC to go Ch6 and IMF's article 8. It says many unknown mandates and issues are conquered. To subdue these issues removes political crisis. This Academy is prestigious ........... Equalling a wanted condition of status. IMO ........... INTERNATIONAL STATUS. I would love to hear Your ideas WS.TY to all KTFA NEWSHOUNDS. You will be busy starting after 4 am est tomorrow....... : KTFA, Frank PCM wrote on March 10th, 2013, 2:20 pm:IMO things are very good to great with the IQD investment. Just some background I spent four years in Iraqi as a contactor 2003-07. Did alot of travel in mideast made good friends and contacts. Learned a great deal of the culture and their personnality and only a few words of the language. Let me tell you I was there for the dinar transfure help in the disposal of the old bills. At this point my interpreter "MD" told me I should start collecting the new Dinar that it will be a good investment. I took MD word for it and I've been in for the long run. I follow the Dinar closly and go back to the online days of Truk to now Frank26 and let me say the family has a leg up on the Dinar world. Frank's team does a great job and I will say that they are spot on the majority of the time. The reason I'm posting is to pass on that things or coming together for us. I went to my Bank, a large credit union for major oil company "EM", to talk with the vice president about my account. He knows about the Dinar but does not follow as close as we do. As we visited he was VERY upbeat about our future in this investment. So I want to tell all of the Family it's coming "Be Happy" Here's Frank's l;atest for those that might be curious.... ...RON
  25. 03/10/2013- OCrush Update - Post From P.Dinar OCRUSH MARCH 10TH Hello All, I had a wonderful discussion with my cousin. I was concerned a little with the Kurds but my cousin said not to. He told me there region is booming. Despite the media telling us they have big problems with Turkey it's not true. Yes, Turkey is bombing the Pkk but the Kurdish govt. is mum. The kurds still need to be part of Iraq. They cannot seperate...period. Maybe in 10 years but not now. The Kurds will cry to no end but that is there way. We spoke quite a bit more about the kurd provinces and I didnt feel I needed to share this because it was casual talk...until I read this article from the Miami Herald. Everything I discussed with my cousin is in this article (except the guessing of the RV;), Steve and Ray have better contacts on that end:) All is Great!! CHEERS ALL:)) LINK The article referred to & in the link above: 10 years after US invasion, Kurds look to the West In this Monday, Feb. 18, 2013 photo, traffic drives past the Divan Hotel, one of Irbil, Iraq's new luxury hotels, background right, in the capital of Iraq's autonomous Kurdish region. The number of cars registered in the province of Irbil jumped from 4,000 in 2003 to half a million in 2013 and the number of hotels from a handful to 234, said provincial governor Nawzad Mawlood. Karin Laub / AP Photo Fullsize previous | next Image 1 of 9 BY KARIN LAUB ASSOCIATED PRESS IRBIL, Iraq -- At an elite private school in Iraq's autonomous Kurdish region, children learn Turkish and English before Arabic. University students dream of jobs in Europe, not Baghdad. And a local entrepreneur says he doesn't like doing business elsewhere because areas outside Kurdish control are too unstable. In the decade since U.S.-led forces invaded Iraq, Kurds have trained their sights toward Turkey and the West, at the expense of ties with the still largely dysfunctional rest of the country. Aided by an oil-fueled economic boom, Kurds have consolidated their autonomy, increased their leverage against the central government in Baghdad and are pursuing an independent foreign policy often at odds with that of Iraq. Kurdish leaders say they want to remain part of Iraq for now, but increasingly acrimonious disputes with Baghdad over oil and territory might just push them toward separation. "This is not a holy marriage that has to remain together," Falah Bakir, the top foreign policy official in the Kurdistan Regional Government, said of the Kurdish region's link to Iraq. A direct oil export pipeline to Turkey, which officials here say could be built by next year, would lay the economic base for independence. For now, the Kurds can't survive without Baghdad; their region is eligible for 17 percent of the national budget of more than $100 billion, overwhelmingly funded by oil exports controlled by the central government. Since the war, the Kurds mostly benefited from being part of Iraq. At U.S. prodding, majority Shiites made major concessions in the 2005 constitution, recognizing Kurdish autonomy and allowing the Kurds to keep their own security force when other militias were dismantled. Shiites also accepted a Kurd as president of predominantly Arab Iraq. Still, for younger Kurds, who never experienced direct rule by Baghdad, cutting ties cannot come soon enough. More than half the region's 5.3 million people were born after 1991, when a Western-enforced no-fly zone made Kurdish self-rule possible for the first time by shielding the region against Saddam Hussein. In the preceding years, Saddam's forces had destroyed most Kurdish villages, killing tens of thousands and displacing many more. Students at Irbil's private Cihan University say they feel Kurdish, not Iraqi, and that Iraq's widespread corruption, sectarian violence and political deadlock are holding their region back. "I want to see an independent Kurdistan, and I don't want to be part of Iraq," said Bilend Azad, 20, an architectural engineering student walking with a group of friends along the landscaped campus. "Kurdistan is better than other parts of Iraq. If we stay with them, we will be bad like them, and we won't be free." Kurds are among the main beneficiaries of the March 20, 2003 U.S.-led invasion that ousted Saddam, and sympathy for America still runs strong here. Rebaz Zedbagi, a partner in the Senk Group, a road construction and real estate investment company with an annual turnover of $100 million, said his success would have been unthinkable without the war. The 28-year-old said he won't do business in the rest of Iraq, citing bureaucracy and frequent attacks by insurgents, but said opportunities in the relatively stable Kurdish region are boundless. "I believe Kurdistan is like a baby tiger," said Zedbagi, sipping a latte in a Western-style espresso bar in the Family Mall, Irbil's largest shopping center. "I believe it will be very powerful in the Middle East." Associated Press writer Mohammed Jambaz in Irbil contributed. Read more here: http://www.miamiherald.com/2013/03/10/3277988/10-years-after-us-invasion-kurds.html#storylink=cpy
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