Franks Monday Nite CC: Frank Takes Call In Questions At The End

[DinarThug]

CNN. Broadcasting From Frank's Call In Center. Frank's Wearing A Headset + Looks Like Cindy "The Time-Life Operator" !

Thug Note: Delta Is Halfway Down And (For EasyRider) Bluestar Is 3/4 Of The Way Down.

Frank’s CC Notes 1.23.12

Don’t worry about the Straits of Hormuz. We can take very good of this area.

The tension in this area from Iran will only raise the price of oil. But this is good for us.

We can only see an oil boom from this and this will only help our investment. Oil is going to go up in value, but not for the drama in the ME.

Going back about two years ago, 2010; the elections occurred as we should know. This was the 2nd time. First time was in 2004. Allawi won. 1yr and 8 months ago they stalled everything, but wouldn’t say why. Maliki was working with the authors of the plan to remove the cockroaches reported in the file from the CIA. Clean up your gov’t while we clean up the Middle East. Then you can form your gov’t and then you can pass the laws to activate your rate that was given to you by the CBI during Phase 1.

At that same time we really thought that contracts that were signed at that time being major contracts were going to come in and rebuild their infrastructure, once they raised the value, because you can’t rebuild with toilet paper currency, you need to add value to your currency in order to rebuild the infrastructure. All of a sudden they started making loans and we though whoa that’s not good. And someone paid the contracts within 30 days; Two of them quickly. We thought we were still on track, but not really. They were still working on those who were a cancer to the GOI. The CBI was well under control with the Authors of the Plan. So Maliki working hand in hand and the contracts being signed, then released and cancelled, we were all sad. But they were re-signed again weren’t they recently. Contracts were re-signed. Fall last year; many of them. Huge oil contracts; bigger than the ones before them.

At that time, 2008-2009, the Minister of Finance turns over and says to Maliki and Parliament. Are you ready to sit down and get to work? Yep. What rate do you want, because they had intentions to raise the value of their IQD, from the 2008 budget? Frank thinks it was $1.17. Letter from Parliament was sent back to MoP/MoF. What do you think? Is that good? No. Not according to this budget you turned into us. They sent it back and said you need to get this to $3.2108 if you want to accomplish your budget. And you likely need to add 20% as well if you want to make this 100 trillion dinar budget.

But the years went by, 2008...2009…2010….not until the summer 2010…did we finally see a budget.

How did they survive without the budget? Loans, surplus monies, hidden monies, and monies we told you they would find all over the place. Things they don’t want to tell us, like the way they manipulate the calculations of their M2 figures or their core inflation figures, true auction numbers. So, they hide these things and they have done a very good job.

Turns out the new MoF and MoP are still with the same idea. They are ready now. It looks like you are going to seat your gov’t. You’re done with Phase 1 now and it looks like you need the budget. Yes we do. Did you read it yet? Yes, twice. But we only need to read it one more time but we can’t just yet expose it. Are you ready? Yeah, we’re ready. Well you know what to do. We told you that when the last things would come they would have to pass laws. The laws to be passed are for the GOI not for the CBI. The CBI is ready. The GOI is busy getting ready to read the budget for the third time for 2012. This means it will then become exposed to us.

They passed laws last week, behind closed doors. Article will be posted. A law that will become law and deals with the new rate and lifting of the 3 zeros!

Here it is;

Bill to delete three zeros from the currency carries the positive reflections

Three zeroes formed the State of debate and questions among citizens in the event of a lifting of the Iraqi dinar. Are economists stressed that the step has positive impact on the Iraqi currency.

The Bill submitted to the Council of Ministers confirmed the Central Bank that holds the content of several steps, including changing the structure of the Iraqi currency

http://www.imn.iq/news/view.9508/

They are busy! They are working! It’s coming! Take it to the Lord…by Faith! We see the evidence.

We are now in position, they are passing the laws, we see the article that is highly required that will activate the rate for the GOI.

They are separate entities, but what are they doing right now? They got married on the 3rd of Jan. They are dying to tell us that the CBI and GOI are on their honeymoon. But like a real honeymoon, it’s private, they don’t want you see what they are doing. But they are about to come and tell us if it’s a boy or a girl…an RI or RV.

Now what about the contracts? Should we honor them? Yes, please. Hurry! We don’t want to lose them again like we did last time. Do you remember how much work, disarray and confusion that created? We have to start making ourselves look better to the world. Call the contractors, have them come in and pay them. Pay them with dinar. We can’t pay in dollars anymore. Pay them with collateralization. Post 366 - page 19 - thread 1.23.12 - to understand explanation of collateralization.

This is like future stocks; additional assets put up as collateral against debt obligations. So they will pay contracts with money they will have in the future from oil sales. Last year’s contracts are now being paid with collateralized pay with Iraqi dinar. Now, who has debt? Oh right, Iraq. Who’s the borrower here? Oh right, Iraq. What are they going to use now to pay these contracts with? Collateral pay! Like…future oil reserves that will be recovered.

The value is still the value that the MoF and MoP suggested because the $1.17 wasn’t going to work to pay contracts and the budget. The Ernst & Young appraisal of $1.30 will not work to pay contracts and the budget. The true rate of the IQD of $2.62 will NOT work. Only the birth of an RI with 20% added to it, to become an RV, will work to fulfill contracts and the 100 trillion+ dinar budget. If not, then we waste another year known as 2012. The contracts are being paid with collateral pay.

Article came out; “Commission on oil and gas, Central Govt. and the Provenance, have reached a deal to pass the oil and gas law in coming days!” This is the HCL that is about to be passed. The only reason you pass the HCL is because the rate has been released, because the HCL has 4 parts to it, and 3 parts have been working and functional with no rate for about 4 years now. But it is the last part that stipulates how much they will pay the citizens for the oil rights that the other 3 parts of the HCL have been “sucking up.”

These laws are for the GOI, in order to enact the HCL, the budget, Article 140, anything else that requires paying people, calculating loans, tariffs on the borders, etc.

No they are not wasting time. They are busy working…often behind closed doors and we are unable to see.

These laws are needed and they are working and passing them right now. Not for the CBI, but for the GOI.

The CBI watches with a proud attitude that the GOI is finally getting it done.

Talibani still has not returned yet, we told you last week, we were waiting for “T” to come back from Germany. They respectfully wait for Talibani to arrive back when the rate is released.

Oil is being primed. By activity around the Straits of Hormuz. The dollar is having trouble getting up to 86 cents. We need to watch. Frank will share if they find more out about this. The dollar recently was reaching 81 – 82 cents but has since fallen back a bit. Several things affecting oil which should begin to send it back up.

Ricklibby joins the CC.

A lot of great things going on. If they are paying the contractors with collateral pay, this is telling us that you guys are saying you’re going to raise the value and we’re walking into Phase 2. You’re going to work with us, right? You’re going to accept these dinar at the value they are at now, but you know that they are going to be collaterally paid very soon right? Oh yes, of course. Ok, thank you. No problem!

Rick and Dame talked today about the “debt movement” at the bank. He’s been waiting since Jan. 09 since, until he could move again now. He thinks they went into another phase. Into their “debt phase”; removing and clearing their program rate. Frank says, so by clearing out their debt, all or as much of their debt as possible, was an important step in order to bring about Phase 2. Exactly, says Rick.

Frank asks Rick what his reaction to the article that comes out the other day about the GOI wanting a loan from the IMF and World Bank for 7.5 trillion dinar? Rick says they do this every year. It’s a booster; a way to pay off some of their bills.

Could we consider January, the Grand Opening of Iraq, asks Frank? As far has Rick is concerned it is now he says.

If you were to have a grand opening, and you went to the bank to get all that you needed for you grand opening, but at the very last month prior to your grand opening and the bank came to you and said, hey would you like an extra, 10, 20, 30 thousand to kick things off the right way? What would you say? Sure, why not a little added “security”. Especially if you don’t really have to use it, but it’s a nice secondary parachute to fall back on if need be. If you don’t use it, you can pay it back in 30 days with no interest. Correct? That is correct.

Didn’t they do this last year? They have done it every year, says Rick. The difference this time is that it would be paid back….with collateral pay! With a collateral rate! Would it not? It has to be says Rick. According to what Teams are telling Frank, it is.

The story goes like this; there was this individual in Iraq. He was called by the Iraqis to come in. He had 12 hrs to get there. He arrived and they said they were going to honor the contracts and pay them in IQDs but it was going to be in collateral rate pay and asked if he would accept this and he said yes, of course! This is how we found out that they are doing this!

So, for them to say they want a loan from the IMF or World Bank, this is nothing to be concerned about. It’s just a little extra cushion or security for Iraq to do what they need to do at this time.

We should pay attention to the auctions. They are all having been around 200+. Yes they are say Rick.

What’s his opinion asks Frank. Rick says they have fallen a bit the last few auctions. He believes they are running out of money to pick up in Iraq.

Frank says, do you remember us saying that towards the end they would find ways of finding more and more money? They will, said Rick. But they don’t have to tell you about it do they says Frank.

No they don’t said Rick. They do these things to fill their budget until the next year. Yet, they pay it back every year or they pay it back early. They have been doing this since 2007. They have never needed it since 2007 said Rick.

Frank has a recording of Delta reporting in.

Past 48 hours the CBI site came down. Delta posted on the forum and told us, that we might see some changes but unfortunately that did not happen. All the changes we saw on the 17th and 18th of the IQD, His contact told him they reason they did this was trying to test the system, not sure what they were testing, but it was a test before they go international. The big thing was that the changes were ONLY against the dollar. This doesn’t make sense. If the currency is going to revalue, we should see their currency make changes against all other currencies. But we only say changes against the dollar at this time. So, this gives us indication that they were testing their systems.

Second, if you go to the web site, you will notice that the site is getting faster. Their connection is now faster. They also are on a new server that is also faster. All good news he is hearing. They have upgraded their system and it’s now ready to go.

His contact also told him as we already know that the currency is already out at the banks. We don’t yet know the execution date. His contact told him it could have been that day. None of them there know exactly when the date will be for the RV. He reports often to Delta, the activities of what’s going on.

Delta says if they don’t raise the value they cannot go international and be internationally recognized. But we know this is not going to be the case. This is the key.

Iraqiya TV has all good news. They are still planning for their big meeting; but still waiting for Talibani to come back. All issues should be in good shape at this point. Talibani is a good guy; he has a lot of respect from everyone. All indications are showing us that Shabibi is ready right now. We should see this just about any day now. Delta reiterates that they really must do something this first quarter. If they don’t… Delta’s call died out.

Frank and Rick talk about looking for another PIP movement around the 30th or 31st. Watching this time for it to come out larger than a 4 pip movement this next time. Rick agrees, but says that if they move only a few pips, Frank interjects and says that is NOT good. Rick said the street vendors would go NUTS! Inflation would jump to 10 – 12 % in a few days. The next few days we should see something of a PIP movement. We should have a “good” movement in the rate and not a small one. Frank says IF we see baby step PIP movements, this will be bad, if we see long gap movements, this will be GOOD. Separated between 2 and 3 weeks this is good.

Rick asks if Frank remembers back in Nov. 08, the old Finance Minister wanted to drop to 1000:1 and then my Jan. 09 they said they would try again to get it down to 1000:1 by the end of the, but all this other stuff happened and they never could. Frank says; remember it can drop to 1000:1, boom, just like that. Just because the CBI came back up with 1166 doesn’t mean that tomorrow it can show up with a higher rate like 1000:1 all of a sudden or boom to the new rate! Just as quickly as they ignored the value of the IQD, they can just as quickly recognize it again.

In 2006 the CBI had to hit a program rate of 1325 before a deadline in Dec. that year. It dropped overnight from something around 1460 to 1325, boom, just like that. Frank says if we think about it, we are only 166 PIPs away from 1:1. Rick says that’s correct. Frank says that could happen, boom, right now. It’s Rick’s theory that this is what they will try to move to next.

Frank says, look, they could take it down to 1000 and make it 1:1 with the USD, they could come with this for about a week and offer you this rate but not apply it to anything, no laws, no HCL, no pay, no nothing. But if you saw this, smelled it, got a whiff of this, you’d hold on to everything wouldn’t you?

But you’d have to have a team, and be organized to know something like this.

Frank doesn’t believe this will be the case even though it’s plausible. It’s just a scenario that is unlikely to happen, but if they did this, would you go in there and do business with them? Rick says, it’s not going to stay there, we are not even going to see that, they are going to drop it down to 1000:1, lift the zeros, go international, lift as many zeros as they can, a week later, they will RI/RV.

Frank doesn’t see this happening it would anger the investors of the world. If they pulled this kind of non-sense, what would they do with our money in their banks? Rick says it would be an immediate 3 step movement. Frank says, if they did a 3 step move in 24 – 72 hours, he could accept it. But even then his not sure; what good would it do? Frank says it would likely do as much good as the 4 PIP move did for the Iraqi’s to turn in their 3 zeros. Yes, they did, but not that many.

When the rate comes out, we need to stop and think methodically and pray about this and get council about whether to cash in right now or wait a little bit. But make your appointment soon.

Rick says that it’s not likely going to be at market rate. It’s just going to be inner bank and that’s the movement they are going to do. This is what Shabibi was saying back in 2008 and ’09; all the way back to ’07. Frank hopes it’s not the same, he has not seen Shabibi reiterate this, others, but not him.

Neither Shabibi nor the aid that was asked when will they raise the value of their currency came back with a response to say, we have no idea what you are talking about. Or what rate? What did they come back and say? They said…SOON! They didn’t deny it, they didn’t act ignorant, and they didn’t try to be coy about it. Instead they were professional and rather blunt about it, saying…SOON.

Bluestar comes on and reads an article regarding the Parliament coming back and resuming the reading and voting of and on the draft laws. The CBI is ready. These laws are for the GOI not the CBI. These laws are necessary to activate the rate in the GOI.

Ali has said in the past and Frank is having someone, on his behalf, re-ask Ali if he still stand by what he has said in the past that if the HCL is passed we would see the rate right along with it.

Frank affirms that yes, there are laws that will need to be passed. Frank has said this almost from the beginning that yes, there are 80 – 90 laws that would likely needed to be passed to support the RV.

Frank notices Society’s question based on the premise that 99% has been removed is asking if the sucking sound we now hear is coming now from Syria and Iran. Frank answers, only Syria. Other places too, but we remain silent until necessary. Especially when 32 die today. All defense information should and will be respected.

Walkingstick’s Post 391 - page 20 - 1.23.12 - article about woman who returns to Iraq after 20 years and realizes how much her country has changed.

Joe comes on the call and speaks of the PIP movement - Frank and Team26 look for patterns in the PIP movements. The pattern for movements must be 1 of 3. The next step of PIP movements would be very small baby steps between 25, 50, 75 cents, separated between 3 or 4 days. The 3rd one we seek would be PIP movements, separated between 2 to 3 weeks, with more than 4 units. Joe believes that we are only 4 pips away from 86 cents. Frank states that everywhere we look we see that everything is positive. Joe says we are primed and ready.

Caller from Dallas, asks about Christine Legarde’s statement on the Net and if Frank had an opinion. Frank had not heard much other than knowing there were some postings about it, but not much on follow-up that he was aware of. http://www.usatoday.com/money/world/sto ... 52766250/1

Caller inquires about the reason and understanding for the PIP movements. Will they move us to the rate we seek or until then they will perform these PIP movements or? Frank responds, why are they doing these PIP movements? Why did they do those back years ago? It allows you to increase or decrease the rate of your currency. They want to stabilize their core inflation and revitalize their infrastructure. Well, they have to raise the value of their currency in order to do so. PIP movements would do this and allows for the adjustments of the currency of that country. If the value goes up then inflation goes down. M2 figures, the money held for use by the gov’t for that country, are adjusted or can be manipulated as well to help in reaching the desired goal. How they diversify it, how they split it up, money that is on hand, money that is now, liquidity, electronic money, what they have in foreign currency, gold, etc. This is what PIPs do. They can adjust and affect the monetary policies in effect.

Now why did they have PIP movements on the 18th? They needed to adjust their rate to the dollar. But “mum” is the word. That’s where it stops. They don’t want to tell us what they are doing. But they are trying to get things to match up; to align with the dollar so they can release their new rate. Ricklibby, comes on and gives his thought that they may come out and start with a rate that is 1:1 and then later jack it up, way up.

Right now we think they are happening to create a doorway, a path, a tunnel that brings for the IQD rate in the still of the night.

We still have some time left in Jan. and we watch it closely...very closely. If we move into Feb. then we watch Feb and March as part of the first quarter, as part of the beginning of the New Year 2012.

If it goes into April…then that is likely telling us it will not happen this year and they will have wasted another year.

Caller asks, how does the timing of Iraq entering the WTO affect our current situation? Frank says, not much, it’s just a standing invitation. They were excited last summer and fall for Iraq to be a part of the WTO. They kept romancing the GOI, saying that when the last of the troops leave, you’ll come over and see us, right? Well, it’ hasn’t happened yet. But they definitely would love to have Iraq in the WTO. Do they need to stop being an observer? Frank is not sure. He wouldn’t worry about that right now. Watch also and see the GCC come out of the wood-works here in the near future.

Caller calls in and asks about the PIP movements.

Frank discusses why the 4 PIP and not a 2 PIP movement. Another 2 PIP movement will not get us to 86 cents. But 4 will…hmm…

Frank tells a caller that we should be taking this time to get prepared and ready for the rate when it comes out.

[pbrman71]

This guy is like proof that parents who took drugs have weird kids! Where do these guys come from??? Was there like a massive break out from an asylum somewhere that we don't know about??? Used to be on the back of comic books you could send in your ten cents and get the Charles Atlas workout in the mail...now you can get the dinar guru kit!

Edited January 25, 2012 by pbrman71

[TXNOLE]

"

Frank discusses why the 4 PIP and not a 2 PIP movement. Another 2 PIP movement will not get us to 86 cents. But 4 will…hmm…"

PIP-PIP-PIP-PIP, HOORAY!

GO RV!

[kennyc]

I have ALWAYS liked Frank. Hes clear, concise & very informative.

This is an EXCELLENT POST.Thanks for bringing it over Thuggie.

[rUfUsT]

This guy is like proof that parents who took drugs have weird kids! Where do these guys come from??? Was there like a massive break out from an asylum somewhere that we don't know about??? Used to be on the back of comic books you could send in your ten cents and get the Charles Atlas workout in the mail...now you can get the dinar guru kit!

Wanted to neg you, but you have Benny as your avatar. Hard to neg Benny!

Git 'R(V) Done!

As always, good work, THUG! You're a riot!

Git 'R(V) Done!

[KiaKaha]

Interesting, thanks for bringing it over, Thug.

KK

[cgbrown]

Ok, so we keep a close eye on Rate til Groundhogs day...... and if nothing happens then..... we have 6 more months of waiting...... is that what i read.

[SgtFuryUSCZ]

***///

Buck up, Scout! Good things come to those who wait.

Occupy your time making plans to spend it on a ticket to space in case this a$$ clown gets re-elected!

[lotsofdinar]

Colateral pay-"i'll gladly pay you Tuesday for a hamburger today."

If nothing else, these guys are creative in coming up with reasons nothing happens.

[SgtFuryUSCZ]

Colateral pay-"i'll gladly pay you Tuesday for a hamburger today."

If nothing else, these guys are creative in coming up with reasons nothing happens.

***///

I wonder what they feed their unicorns....

[Nani?]

Frank has always had credibility with me... his speculation is probably the best I have seen. However it's just that... speculation, and that is actually all any of us can really do anyway because there are some things we could pin down as concrete but there is a whole lot more we just don't know. I remember last year and reading all the Frank posts about Jan. this and that and if not this month then we could be waiting till 2012... well here 2012 is... There was also a guy named another site that preached 2012 alot so who knows maybe he was right... I know two years ago everyone was dog cussing him. I still think he was erring on the side of caution just for the sake of being about to say see I was more sensible than everyone else

[Luigi1]

This is all half baked.

Why does Iraq need to go to the IMF, WB to borrow to pay it's budget when it's sitting on all this wealth?

[Papster]

thanks for the post thug.........always enjoy Frank26s perspective...........thanks again..........GO DINAR

[coolbeans]

Stopped reading when he said the closing of the Straits of Hormuz were nothing to worry about. He said it is a good thing.