*** my buddy johnny met shabbs at the U.S commerce**

[Butifldrm]

I'm confused. For the last year and a half, I've thought that uncontrolled inflation produced DE-valuations. What we want is little or no inflation for over a year (which is already the case) in order for the economy to be stable enough for the RV.

Did I miss something?

The keywords are (out of control). Iraq's inflation is rising, but not out of control. The way to control the inflation is to adjust the rate. I am no economist, but the CBI has reduced the money in circulation in Iraq by destroying the larger denoms and subsequently given rise to increasing inflation. This is the only reason i believe we will see a substantial rate change. JMO

[Pammy59]

It Sounds like Ali about two weeks ago. Hope it doesn't mean years. How can their economy get better without an RV? Still a good informative post. Thanks

[MSgt of Marines]

THANKS FOR POSTING THIS!!!!

"Diddo"( If you don't know what that means watch "Ghost" starring Demi Moore and Patrick Swayze

Just watch it with your girl... not another guy if you are a guy

Edited April 21, 2011 by MSgt of Marines

[eaglefan]

great post easy. let us know if you get more news from your friend. good stuff

[30 at 50]

thanks easy rider,

I feel that Shabibi did not denounce an RV,, is what's most important.By default he acknowledged that an RV is imminent...Now.,,The IQD is pegged to the dollar ..that tells me that when the dollar breaks down to the point of hyper-inflation so will the Iraq country,,and we may be only weeks or months away from this...or maybe November..then the trigger will be pulled...

[touchedthesky]

Thank you for sharing such refreshing news, easyrider. +++++

[NYCdinarboy]

If this talk with Shabibi is true,my take is that we are a long way away from an RV. I don't mean a few weeks or a few months.Iraq is a mess. They are slower than molasses dripping from a maple tree in Vermont in January as to anything getting done. One would think there would be some urgency and organization. I see absolutely zero. Thus, my prediction is that we are a few years away from an RV.

[mrbigglesworth]

ROFLMFAO!!!!! +1 From me!!! :lol: THAT JUST MADE MY FRIGGIN DAY!!! :lol: LOL saw that video a while back, thanks for the reminder lol ahh today's gonna be a good day..

[Froto]

... just so you will know; molasses doesn't have any thing to do with maple trees. Molasses is made by grinding sugar cane and boiling off the sorghum.

Thanks RR,

I think you just posted the only factual thing in this whole thread.

[umbertino]

"Diddo"( If you don't know what that means watch "Ghost" starring Demi Moore and Patrick Swayze

Just watch it with your girl... not another guy if you are a guy

Great movie indeed....Now good ole Patrick can really do that thing.......The best Actor ( who happens to be an Actress) in the movie is Whoopi no doubt.........

[robnhood]

Isn't this the same info from Frank's Conference call last night?

Space Cowboy Conf Call: Frankly Speaking 4/21/11

Tonight we will be concentrating on the 10 min audio that Shabibi did here while in the US on Tuesday. Last week we said pay attention to Shabibi at the COC in DC – he said some things that we will discuss tonight. Saturday we cleared up the rumor that it had NOT RV’d in country… Again Monday cleared up NO RV in country…. Wednesday we did a skit to explain what is actually going on according to our Intel and what we have learned… When Shabibi was asked Tuesday when are you going to RV your currency – he said AHHHHHHH and

he acts like he can’t answer and then he started slurring his words to avoid

the answers… Frank says we avoided the rumors because we were busy with our team researching – the guy that spoke to Shabibi on Tuesday asking questions, he is a part of our team and he had a specific assignment in asking Shabibi certain questions. Our team member – his code name is Bluestar – he also cornered Shabibi after the meeting and asked him more questions… Bluestar came on the call to speak with Frank about Tuesday… John L. long term resident in D.C. for over 29 years and investigates the political scene and worked on 5

Presidential campaigns …works still in DC. This past summer Shabibi seemed more articulate and at this meeting he seemed very tired, and was trying to misdirect any answers to questions he was asked. Bluestar – John L. states at the Chamber Of Commerce meeting, I sat in the second row from the front and had the first question for Shabibi…I had asked Shabibi With respect to the ongoing need to stability in Iraq and its exchange rate, would it not follow a direct need for a revaluation of the currency to induce foreign investment in Iraq and how far away are we from a reval of the currency – he was not clear in his answer he seemed to want to, but he said he can’t answer that question cause even if I did know I could not tell you… Directly after I asked that question he continued on for a while and then an investor guy in the back stood up and asked a question….and he asked a question for various GI’s for those who were invested in Dinar and he was bullish on Iraq with this question… One lady afterward, she felt about the need for an RI-RV from an economic perspective

that it would be totally driven by the potential inflation – another guy felt that he was attending a high school speech he felt Shabibi was not doing good at all and rambling -so maybe we misdirected him out by our questions… he kept saying stability so often that maybe he believes that Iraq economy is not and he wants it to be – he knows the inflation is becoming more unstable- to raise value of currency they need to control inflation… he repeated it over an over… at one time he almost said we are studying the lifting of the 3 zeros and then he stopped half way….and stumbled and then he decided to implement the removal of the 3 zeros…in the midst of his stumbling that was his answer. John says face

to face afterward he spoke alone for a few min and he asked Shabibi what do you believe is the factor of the revaluation and will it occur sooner or later…

would it be the forming of the GOI or something else ??– Shabibi said NO we do

not need a GOI – and 5 factors and the chief among them is inflation factor –

Shabibi also said their RE development and their commerce … This again is

tied into inflation.

There are Five Factors Shabibi spoke of:

1. Sanctions

2. Depreciate currency – potential problem with inflation

3. Unemployment

4. A weak infrastructure – linked with development

5. Security which is out of his hands

Frank states by revaluing their currency would cause:

1. Sanctions to be complete – no more banana peels and Chapter 7

2. The currency would be of higher value – worth more

3. Jobs added – people working – unemployment will be wiped out

4. People will now be investing in building and all are working with a strong currency

5. Security problems are gone as they won’t need to fight with each other

Inflation is a big driver and John sensed a lot more going on here….

Frank states -

The two words that Shabibi mentioned the most is Stability and Inflation….now

inflation is 5.7% according to the last results. – Stability will go out the winder of inflation continues to climb – touch 7% and you are in big trouble!

Frank feels they are running out of time to get things done –we do not need NO STINKING GOI seated – only for being proper… they need to have a government when the revalue happens so there will be no scandals…. We do not need any laws to be passed to lift the 3 zeros and accepting the rate after it’s released, we need the GOI only so that the rate can have a HOME and a purpose to represent a GOV of Iraq. In 2004 the currency was a rate of 3500 – Shabibi did an RV to 1700 and in 2008 he did another RV to 1170 where it’s at now and we had 3 RV’s already by Shabibi without a GOI or permission from them… once the inflation continues it will be embarrassing if they don’t RV.

John-Bluestar states that with respect to parliament they come argue leave come arrive go on vacation its weird but will it get to a point they have to say enough is enough could someone say get it together or we are moving on – and according to Fran’s team the Arthurs of the plan are very close…the budget has been signed 3 times and Shabibi said he WOULD raise the value very soon – that is huge – He said he doesn’t spend Money the GOI does and I have enough saved to increase our value – our inflation stability is being lost says Shabibi- and Frank says if they get to 7% inflation rate its not going to be good.

Frank thanks John-Bluestar for interviewing Shabibi – what he said was very cool at not revealing his hand of actually where he is right now in this seemed to be t

We will revisit more the idea of our exchange rate and I cannot say that revaluation depends on inflation and then he does ahhhhh and the many factors he states…weak currency increase the rate and weak currency goes away

Delta comes on to speak now:

When John asked Shabibi about the revalue Shabibi did answer in his own way but in the 2nd question… He did answer this about the cutting of the zeros – at the time he has high inflation now – but now he says to bring back the IQD they have to lift the 3 zeros – this is the first answer to the first question… he cannot

tell you about a revalue but he did by saying lifting the 3 zeros… BRING BACK the IQD like it used to be and HOW – by lifting the 3 zeros VERY SOON he said –and delta says that’s the revalue…

Shabibi wont’ say YES I AM GOING TO but he will say the other way around to explain – Shabibi is fluent in English but he was like having a hard time – not the Shabibi we know – WHY – he was surprised and shocked that the seminar was to talk to investors about Iraq Land 100% positive and ask folks to come – these questions were unexpected – Shabibi came to the USA – they had a meeting- closed door with the IMF and World Bank discussing the IQD on Monday….

Shabibi mentioned nothing about the GOV but we need security why – as we will deal with a lot of money in Iraq – He never mentioned anything about the draft to PM and then the Parliament voting or – HE SAID WE WILL REVISIT and control the inflation so that means very high revalue to control the inflation – but he shared this indirectly…

Delta also says Shabibi is a very shy man and very smart and brilliant and he is an HONEST man and I tell you this – the guy is a nice man- when he comes to tell you its going to happen it will happen – a lot of articles came out to criticize the CBI and accused them of a LOP but that was not the case… nope not going to do that….

Darline says

that they just need to RV then…

Frank said: We told everyone to watch Shabibi and the next time we see him he would do what? Well we saw Shabibi and he said we will have a revalue soon – that was very close to a rate almost…

Delta states that Shabibi 3-4 years ago he was asked about the revaluation and in the near future – and he came out 3-4 times and now for him to come to the US – he had to come to meet with the World Bank an the IMF with MOF he got the finalization of the rate on Monday!

MONDAY - Shabibi got the blessing from the IFM and the WB BEFORE he was to speak at COC on investing in Iraq he had to be completely positive with their permission to RV.

Rumors that Maliki signed off the rate are right 100% but only problem is that it was on Feb 28th he signed off on this rate not this week – it was over and

then Shabibi came out he was going to RI the currency after that – it was said

on Iraq TV at the time- into this week – those rumors are very late….as Maliki

ordered the economy to be reformed by the CBI – today and in the morning the

news said that the customs between Iraq and Jordan for ground shipping so many trucks today they arrested some who tried to smuggle 600 billion dinar to Jordan

On TV was live on TV he was in charge of the Iraq customs he said 5 years ago a lot of people smuggled dollars but not dinars but now today they are smuggling Dinars and not dollars now because hey know that our currency is going to go up in value and they are right, the stability is going to be in Iraq – it

was live on TV the bank Securities Customs officer said it himself about this

that the IQD is going to go up…600 million dinars –

It’s all done, says Delta, even the Securities next week on Tuesday Maliki is going to South Korea for 4 days and we believe that highly that the security ministries will be seated before he leaves to go… This time they agreed on all the ministries now and they are all done but to finish there is pressure to get this done. The HIGH rate will never come all the way to US to encourage investors to come to Iraq except he knows what is going on – revisit is a revalue and brings back the Dinars to a good level…

Delta asks Frank, when someone says very soon – what is the definition of that – Frank states soon means 1-2 weeks – VERY soon means closer than that… Shabibi said, VERY SOON … so Frank says we are looking at patterns Historically when have we seen world reevaluations occur – the last Thursday of April….Maliki is doing his last nano second it seems to get this done – sly fox he is – but – 90%+ has happened the last Thursday of April each year – he needs his security before he leaves- the MOD and the MOI and the MOS are now working but they are not officially announced to make it a full GOI – if we go past Thursday he missed an amazing window of opportunity – Delta states that he feels when Shabibi said VERY SOON the way he said it – it was done in my

opinion regardless of the ministers sitting and with this meeting on Monday

with the meeting with the IMF and WB this has to be done – the IMF gave

permission on the rate – this has to be done now…

Worst case scenario, if he does not do this for another 2-3 months – can the world survive till then? June ends the DFI funds have to be done to have all issues finished with the IMF and UNSC… USA Today Electric Capacity Doubles in Iraq -is the headlines in Iraq- Power grid tops Pre-war levels making dramatic headway…790mg of electricity about double the level before the war – demand has increased for years it has doubled… Delta states that before redenomination come out, the revalue has to come first – and Shabibi said we need to advertise and educate the students so Delta said they need lower denoms in order to get books and the lower denoms have to exist with the higher value for a while…now the people average about $2 per day – either way this is a win and the people have to be educated on this revalue and how to use the new dinar… Frank says Oil is not necessarily related but it is a barometer – for over a

week oil stayed just under $108 and floated and Monday and today the Oil is at $112.29 right now…it’s trying its best to inch up to $115 – Frank states we

could see tomorrow that Singapore was the first to revalue from the east then

comes China with their revalue and then the 3rd currency to revalue is coming – and then the 4th one closer to the west – watch which one that could be….

Johns states – GE electricity in Iraq- Google it – real ramping up of electricity in Iraq. For Delta, John asked the comment by Shabibi of the cutting of the 3 zeros cutting should not be exaggerated by what it means – the CBI had a lot of articles that said bad things about this – but this means he will facilitate this redenomination will be done and step by step…They have to cut back to redenominated – so they both have to co-exist together the currencies…there would be no LOP but what is going to be played out… Main question on another forum earlier today it eluded today that the Iraq TV 45 min report talk about the Dinar dropping the zeros they claimed a revaluation of the Dinar. Did you witness this at all sir? Delta says nothing was on TV about that and it started over 2 months ago on the TV and sometimes they have reruns as they run 12 hours live and 12 hours re-runs – only- they could have seen a re-run and the 3 stations followed the news comes first then you see it in an article…there are other minor channels but they won’t carry what these will… Articles says its time to re-evaluate the currency not the reval….Delta says even Google translate makes some errors…Most of the news is twisted in the wording….We study Shabibi’s press conference you can tell this is it- be celebrating as Shabibi said VERY SOON and not near future as that could have been 3 years –but he said VERY SOON – that’s great…

Shabibi’s aid is putting our articles that are positive – they are about to redenominated their currency says Delta – news points to it – trust Shabibi –

Delta states Security forces are protecting the lower denoms in the Green Zone…

John asked Delta – relating to the security 50,000 special ops – if Obama draws down that security force some are concerned about Iran’s army or problems could ensue – with relation to Iraq going forward in the short term there is no chance to have an internal RV and without an external? NO they cant’ as the IMF would not allow that and because the doc proved the IMF took the lead in the Iraq monetary policy and the private sector they need or they won’t survive…they are trying to figure out how to raise the dinar internally and internationally… they key is they have to revalue and have the new rate in order to do all the internationally systems expect that…. If the US forces decrease now Knowing some force should remain but how much to save the country’s future… Frank sates we will never leave Iraq… The biggest Embassy in the world is the US embassy in Iraq…so they won’t all leave….The Plan is Iraq will never fail and all the things of what’s going on is in The Plan – Iraq used to be the worst place to live and now it’s more secure and the safest place to live and the investors all now want to invest in Iraq – it’s all planned as soon as they revalue the currency you will see unbelievable their stock will go 20 to 30 times – within 6 months you will see no less the 20-30 dinars per share…besides there will be another Marshal Plan its coming soon – no more comments says Delta…The dollar will never collapse we are America after all. There is no news today says Darline –

there is nothing out there…so the Bing Bam Boom is any minute and I am not

listening to you two putting it off – but Frank says next Thursday – last Thursday

of April – Delta says Tuesday to Wednesday or a Wednesday to a Thursday says

Frank…

Dr. Shabibi was listed as #3 as one of the most powerful people in the Middle East in a recent poll article… Next time we see him he may have the rate announcement….