Frank - The Auctions Are Dying And A New Rate For The IQD Is Being Born !

[DinarThug]

CNN. Broadcasting A Long Blue Post While Frank Is Singing "Everybody Was Kung Fu Fighting"!

 

 

Thug Note: COM = Council Of Ministers.

 

 

 

Greetings KTFA Family,

In Martial Arts there is no beginning......there is no end to a breath. It is a complete and closed circle of energy. The energy is so close to the person that it can be felt without touch.

How close is the end of the Monetary Reform to the IQD? The only one that can answer that would be the CBI or those behind the CBI doing the orchestrating. So when the CBI talks we need to pay close attention to each syllable. An economist from the CBI came out today saying that gold has gone up in price through the auctions. 

Side bar note.......”price” is interchangeable with exchange rate as we continue this Blue Post. In the same breath that is close to this person and now my ears.....the economist went on to explain in the article that the IQD has increased in value and price through the auctions. 
...
 

 

  Fascinating statement because I want to see these numbers. Then the economist says that the price of the IQD has gone up against the USD in the auctions. So far all of this makes sense.......domino effect......one thing affects the other and so on. All of this cause and effect is magnifying the end of a Monetary Reform for the IQD. How?

You know what the CBI auctions do Family and we don't need to review that. You also know that in order to complete the Monetary Reform these auctions must come to an end.

 On Tuesday's CC we surprised everyone with the demand from the CBI to the GOI who in turn sent it to all GOI members that from now on only the IQD is to be used in future contract negotiations. That means you cannot use the USD or any foreign currency any more in Iraq's future contracts. 

Well then it also means that no one is going to be allowed to buy the USD from the CBI through their auctions anymore. But the profound thing is that if you cannot buy foreign currency through the auctions anymore then there is no need for the existence of the CBI auctions. 

This is the end of useless auctions for the CBI. This is qualification for Article 8 from the IMF. Today we see an auction that fell off the cliff IMO. Only 93 million and 12 banks. Once again the two state banks we told you about on your CC's this week........they did not participate.

 Look at your notes......you know why. KTFA Family.......the auctions are dying and a new rate for the IQD is being born. CBI auctions phasing out for a fantastic future in Iraq's economy. 

This is the quintessential of a COORDINATED and COOPERATIVE relationship between the CBI and the GOI only found in dreams. Why was this marriage so important? For security of the Monetary Reform.

Nice job CBI …......nice job GOI.......nice job M. (I can't believe I just congratulated M). It's very important that you understand what the COM has just announced to the GOI. The nice thing is that the COM is the smart side of the GOI. The educated side. The ones that plan for Iraq's future. 

They consist of doctors......professionals......high ranking officials and trusted sources. They know what they are doing verses the rest of the keystone cop fumbling of the GOI. 

The power within the COM is also illustrated with this announcement because it means nothing nor can be fulfilled (only using IQD) unless the CBI releases a new rate. When you see the COM say something it is because it HAS BEEN MADE SO !!! Hence a new rate …....... not a program rate................ is here.

I am about to make a profound statement but before I do I strongly state once again.......I do not know the rate nor do I know the date of when this new rate will be released. 

BUT..............based on the simplicity of what we are reading today in the articles.........the CBI has indirectly announced the increase of value in the IQD. As you ponder this reality keep in mind that there has not been one peep about the budget from anyone …......in any country. Why? No urgency? 

There was a lot of it in December and January. Who threw a camouflage on this great demand to release a budget? Who cares. All I care about is what the CBI is doing......saying and now enacted with great command. Do we care about the elections on April 30th? 

Only if you are an Iraqi politician I guess. Do we care to see this new rate before the IMF's Article 4 consultation in March? Is my name Frank? Then I will be very Frank with you and say...........darn right!!!

I actually don't want to leave the COM but let's go to one other subject that many of you posted and called me about. There was an article today of an Iraqi diplomat in DC complaining to the US Government that we are the cause and blame for the delay in the IQD's Monetary Reform. 

I made a post mocking him and then left it alone. But I have to use this diplomat to re-polish a powerful position that we hold with my Teams. The United States of America is in full control of the Monetary Reform of the IQD of Iraq. Period......end of story.......Tada!!! 

Of course this diplomat voices such an opinion because ….....it is true. Time and time again there have been windows of opportunity to bring forth a new rate to satisfy Article 8 of the IMF. Time and time again …....if it wasn't terrorists.......if it wasn't M......if it wasn't for some jealousy or another reason …........

WE THE USA WHO IS IN CONTROL OF EVERYTHING THAT IRAQ DOES …......had to stop and go the Monetary Reform process when needed. We needed coordination.... cooperation.... security.... law...etc. 

This Iraqi diplomat lives in Washington DC …...been there a few years. He is as close to the Monetary Reform of the IQD as possible. He is a buffer between US and Iraq so he was kept up to date on every step that was occurring. So once again KTFA Family......who's in charge of the Monetary Reform?

 We have been telling you this for five years now. Allow me to share with you that when M went to visit O and was rushed back to Iraq quickly with instructions from the USA on passing some laws and working with the Kurds..........it was instantly done. You know why? 

Because the COM made it so. Now I ask you this.........how did the COM know about the homework that was given to M and accomplished it in a matter of days? Answer.......because the COM knows that the USA is in charge of the IQD's Monetary Reform. Jump........how high Sir? This diplomat is nobody's doormat.........he is telling the truth.

Is there a bill on the US Senate floor that is being passed in order to allow the increase in the IQD right now? Nope........and please stop calling to ask me about that because wherever you are getting that from …......they are reading backwards.

It is the GOI that works on such a bill for their currency right now. Why? LOL..........Jump.........how high Sir? One to three feet would be good.

This last part might be hard to understand but here goes. The CBI ANNOUNCED in the AUCTIONS today …........etc etc......what I have already posted above. What does this mean? LOL.........two weeks ago I said the CBI will start to talk to you. Last week I said the CBI is talking to you Family. 

Today I tell you that the CBI is screaming to you …......”ANNOUNCEMENTS”. What will they announce next?

WALKINGSTICK is about to release three articles in conjunction with this Blue Post. Two out of three are covered with me here. Please look at the third one that further goes into the workings of the CBI and the international world. Is the G20 of concern to my Teams........no. 

Only what the CBI says and does and now with the GOI obeying. If I could summarize what I am trying to tell you ….maybe this sentence would give it justice. IMO.........the COM would not have released the CBI's regulations to the GOI via the USA/IMF if the Monetary Reform of the IQD was not done yet. Done done.

As close as my breath huh? Hmmm.........let's see........breathe in …....breathe out........breathe in.......breathe out........before I pass out LOL. God bless you all. 

My Christian love and Aloha. KTFA, Frank

[kennyc]

OK, ya know, Ive ALWAYS liked Frank. Yes I know he gets out there, lots of speculation about this & that. But people, he makes

some REALLY good points here. If we were to go back & look at his posts we would see that some of what he says actually does take place.

The auction did fall off the cliff today. Not sure if its the reason Frank says but its the lowest I've ever seen it. This just might be coming to an end &

wouldn't that be GRAND.

GO BIG GO RV

[sandfly]

THANKS

[DinarThug]

Here Are The 3 Articles ...

 

 

Post From KTFA By Walkingstick - Articles Corresponding To Franks Blue Post

Deputy: political parties are visiting the Iraqi currency in neighboring countries
Experts Afif   24/02/2014

Accused member of the committee of economy and investment in the House of Representatives Nora Salem, political views unnamed forging currency, and pumped into the market in order to breach the Iraqi economy, 

adding that the Iraqi currency counterfeit printed in neighboring countries, without revealing the identity of these countries. 

says MP Salem said government measures used to protect the Iraqi currency is useless, and that the financial institutions are not able to control fraud. 

in a related context recognizes a member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri the existence of fraud in Iraqi currency, 
...
 

 

demanding who accuse political parties of involvement in the fraud to disclose the names of those actors, in order to be placed under penalty of law. 

it stresses economic expert Abdul Rahman al-Mashhadani, the need to print currency with new specifications and better than its predecessor, 

which is printed in 2004, adding that the financial experts were counting on the decision to delete the zeros, in order to change the specifications of the existing currency, especially as a reserve currency at the central bank does not offer cover enough of the Iraqi currency.

Meanwhile, the director of planning and financial management in the Ministry of Finance Hilal Taan that fraud does not represent a threat to the Iraqi currency, 

especially that Iraq has a reserve currency more than 76 billion dollars, and 30 tons of gold, and pointed out that Currency reliable to the extent that it is now trading at U.S. banks. 

indicated that economic observers would stress the need to take a new monetary policies in the Central Bank of Iraq, including that there will be cooperation between the central bank and private banks, in order to protect the currency from counterfeiting.

http://www.iraqhurr.org/content/article/25275624.html

Expert has accused the central bank of causing the rising price of gold locally

Posted 26/02/2014 04:38 PM

Baghdad / follow the Orient: - Izzat adviser Association of private banks expert peace Sumaisem, the high price of gold in the domestic market to increase domestic demand it after applying the central bank's measures to cut the price of the Iraqi dinar in the auction currency. 

Sumaisem said in a press statement: "The high price of gold is negative indicator for the absence of confidence in the system of cash, especially after the central bank announced a reduction in the price of the dinar against the dollar in daily auction of currencies,

which led to increasing concerns of citizens and resorting to gold as a safe haven to save their money. "and added:" 

The statement of monetary authorities to reduce the rate of the dinar create a kind of cash swap safer and acceptable, and the increasing resort to the increased gold demand and rising gold price in the domestic market. "

They expected Sumaisem, up bigger for the price of gold in the coming days, "the blurry trends in monetary policy and being safer in Iraq." Mentions that the price of gold rose to their highest levels on Monday. Rose Spot gold and one percent to 1335.90 dollars an ounce in the latest insider just shy of the highest level.

http://www.almashriqnews.com/inp/view.asp?ID=62690

OP...JJ

Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser

Baghdad, Washington / Orr News

Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq's decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.

The Iraqi diplomat said that "the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region,

especially the poor ones, which are suffering from economic problems large like Egypt." And showed that "the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. "

The specialists in economic affairs confirmed that the government's approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, 

according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.

http://www.uragency.net/economy/484-2014-02-25-18-36-25.html

                 

[securityguy]

I tell it like I see it.....HOGWASH !!

[a-j516]

Wow, frankie, what a vivid imagination..................

[SnowGlobe7]

ok...here is this cats opinion.....(you were warned)

 

I think that the rate has been decided a long time ago. I know Iraq WANTS a high rate, but the rest of the world wants a FAIR rate.

I think that when dignitaries visit, this is something that is touched on. I think the world knows that Iraq will HAVE to have a better rate than what they have...eventually. I think that Iraq has a list of...."what you have to accomplish before you will get the blessing to RV" Some of this is know to us through the IMF, but some of this is behind closed doors..(and this too goes on all the time). Iraq knows it has to play fair on the political field if they want to reap the rewards...not any different that any other country. There is give and take everywhere. 

 

So there is my opinion....I do believe that a rate change will happen....hopefully it will happen so our lives will become a lot more comfortable, but also so that the people of Iraq can move on. I would not want to be in their shoes.

 

(jumps off soap box and starts to clean whiskers)

[DinarThug]

I would not want to be in their shoes.

 

Cats Wear Shoes ?

(Now How Much Do U Wanna Bet That She'll Come Back With A Picture For Proof?)

[SnowGlobe7]

[yendor]

So How's come Adam hasn't sent us a "Heads-Up" ?  Just wondering?

[SnowGlobe7]

I put my good ones on for ya Thug!!!!

[stealthwarrior]

Yes we knew when the auctions stopped that this will pop.hope this is the sign we have been looking for.

[NeedRv]

Sounds good..... but the only thing I will believe is, that text that comes from Adam when its time.... till then its just TICK TOCK TICK TOCK.... 

[srdedeaux]

 Well for the first time Frank makes sense! Finally!

[Elixirbaby]

A screenshot of auctions from Febuary 2012