KTFA Frank26 - Tuesday Night Conference Call Notes - 07/09/2013

[ronscarpa]

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

 

 

[tankdude]

 

Sorry - not buying the whole 198 currencies will all be reset in one basket.  While that just happens to be how many countries in the world (by coincidence), there are actually 256 recognized currencies.  By reocognized I mean those with ISO codes (There are another 21 currencies that don't have ISO codes but are locally used in some countries)  Just seems to me to not be "wrapped to tightly" and puts everything else into question.

[calkid11]

Thank you Ron for bring it over... good read .  GO RV

[The Machine]

Cheers for bringing it over but I'm not buying any of that LOL ...... Where do they get the 100% gold backed , they only have 30 tonnes ($1.2 billion) ...... If that's 100% gold backing our dinar is still worthless

[umbertino]

 

 

 

Sorry - not buying the whole 198 currencies will all be reset in one basket.  While that just happens to be how many countries in the world (by coincidence), there are actually 256 recognized currencies.  By reocognized I mean those with ISO codes (There are another 21 currencies that don't have ISO codes but are locally used in some countries)  Just seems to me to not be "wrapped to tightly" and puts everything else into question.

 

I concur.

[DinarThug]

• 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

My Takeaway Is That Eagle1 Has Taken Some Sort Of A Bluestar Pill Which Could Double His Dong Holdings !

[Driver]

• 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

My Takeaway Is That Eagle1 Has Taken Some Sort Of A Bluestar Pill Which Could Double His Dong Holdings !

:D

 

Thug, I think the "Bluestar Pill" wouldn't necessarily double his Dong holdings but rather strengthen the Dong he holds. 

[sandfly]

HEEHEEE UR FUNNY

[aliciadogz]

Thanks Ron for bring it over.