Aggiedad77: Here are the notes from last night’s CC dessert….enjoy each morsel….for there are many golden ones. Aloha Randy
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
CC Notes for Wednesday June 1, 2016
Frank26: We are now walking into the second part of our conference call which is about our investment and the study of the Iraqi dinar. I want to give thanks to Aggiedad, our Admin, and all you Transcribinators, not only Aggiedad, but Frosty the Snowman, Doodlebug, bless her heart, she said it took her 9 hours just to listen and type it all out.
Do you see why I bring this up Family, show your appreciation to people that do things for you on our forum….it does take a lot of work….but I’m really grateful that they transcribe our conference calls because there are a lot of senior citizens that benefit from that….so once again thank you to Aggiedad and all of you.
Listen the last time we were together we talked about nuggets…..golden nuggets…..magnesium nuggets from the bottom of the ocean that are very valuable…..and there seem to be a lot of golden nuggets on the floor of the CBI and the GOI.
Now I’m not going to review because we just found out that DELTA is going to join us tonight….I really don’t know what he’s got up his sleeve….you see this is not how we do things…..so I think he’s found something or he has something and he’s trying to get it to us….so he is going to join us in about another hour or less than that.
Family the last time we were together we left off with the understanding that their reserves…..the IMF wants them to keep their reserves at a certain amount….and as you know…that amount that we showed you is dwindling…..this is another form of pressure for the Monetary Reform….along with all of the reforms of Iraq….the $54 billion they should have….IMO….is around $52 billion….and like we told you….they spend around $2 billion per month to run their country and they are draining their reserves through their auctions to get this money…..and that is why the loans are going to help a little bit….
But I believe….IMO….and by the way this whole call is IMO….but I believe IMO….they are giving them that ability to have a loan so they can stop draining these reserves….this is dangerous what they are doing.
Now how do you stop draining the reserves…..by stopping the multi-currency policy that is being done….and the thievery by the way through the CBI…..now IMO….that is under control….the anti-money laundering law really made an effect on that….and it also opened up the international world to look in the direction of Iraq and what they are doing with the IMF….
You guys are protecting us….us foreign investors….yes we are….we are all set…..well that causes a lot of attention….and it causes….IMO….for them to receive this loan that gave them the credit that allowed them to move up into an international platform with their banks…..because the banks are also now set to do international communication….and then the employees of these banks have long ago been trained to talk internationally…..with equipment that was foreign to them but is now familiar…..and to understand how banks do business with platforms between each other in a private manner…..or sometimes called the SWIFT Code System.
Now let’s continue and pick up this baton where we dropped it….like I said this is great pressure on the CBI and the GOI to hurry up…..stop the crime….stop the stealing….the IMF wants all of these things done….and Family we see them done…..aren’t you encouraged by what you are seeing….well yeah….that is an understatement no doubt…..there is great excitement isn’t there.
Now….IMO….back on the 28th of April….the BIS…..now that stands for the Bank of International Settlements….that is the Mother of all banks…..turned to the Father of all banks….which is the Central Banks….and said…..IMF are you working with Iraq….yes we are….are you going to get this MR done…..yes we are…..when…..we hope to get it done in the first half of this year….alright…..tell you what….let’s see if we can get it done by April 28th….ok…..remember that….yeah…you saw the article.
So April 28th came around and nothing….so IOO….they gave them another 30 days….so we go into May 28th….and we pass May 28th….but from that day onward…..good God it is like they raised the value but they didn’t show you…..because of all the shadows and all the evidence that is everywhere….
there are so many golden nuggets on the floor of the CBI and the GOI that you can’t help but say wait a minute….you guys did something didn’t you…..so IMO…..they added another 30 days….so go to June 30th….why not….well that would be the end of the first half of 2016….alright….sounds good to me….but why don’t we just give them 20 days this time…..and IMO….20 days were given by the BIS to the IMF with Iraq to finish the MR….
Therefore IMO….add 20 days onto the 28th of April….IMO….well sometime in the middle of next month isn’t it….and I will tell you there is a lot of pressure to get this done….and IMO…these son of a guns they did something….I just wish I knew what it was that they did…..because during this time a lot of other pressures have been formed….like….how are you doing American dollar…..my name is USD….the United States pushing the dinar….really….yeah….you see we are going up in value…and this is also hurting the reserves of Iraq…..through their auctions….yeah we talked about it…..but you didn’t talk about me….USD….
Ok…ok….so there is where we sit Family…IMO….and I know I got a lot of texts and phone calls….Ramadan….Ramadan…what about Ramadan….the IMF does not practice Ramadan….stop asking me about Ramadan….well the other guys are saying….stop telling me about other forums.
It’s the American dollar that is actually killing Iraq right now….not the terrorists….and if you understood the beauty of that….you would know that someone is in control of doing this….well heck yeah….who have we been telling you…..come here Junior….because we control the dollar….I tell you what Iraq….if you fail…..you are looking at an occupied country….fail with us again….fail with us again….make my day says the banks….that is why you are scared aren’t you Iraq.
We can’t tell them directly…but we tell them in the best way we can….Family…what do you think a bank does….what is it’s purpose…..so we talked to you about the Mother of all banks and the Father of banks today didn’t we….and you understand a little more don’t you….even though you know all of this….all of a sudden light bulbs the size of the sun are lighting up above your head aren’t they….this is making sense isn’t it….I want you to believe nothing in the media…..because it is way…way….out of proportion…it is very old.
I want to talk to you about another thing….I’m trying to be careful with my words….remember I told you to look up KE….Kangaroo Elephant rating….I’m glad you did Doodlebug and thank you for doing that…..and by the way….the higher the number the better….not the lower….that is why the US is 99….and that is why Iran is lower than Iraq….
But I now have something else to tell you….you looked at that definition….ya’ll did good….hold on…before I tell you about the new terminology….things that are not on the internet….you know the BIS….for them to get involved and make these little agreements….now this is all IMO….ok….but you will eventually read it…..but maybe you won’t read this….because the BIS doesn’t have to tell you anything….
In fact what the IMF is doing for Iraq….the allowances that the IMF is doing for Iraq….you’ve never seen these before or with any other country…..they are treating them like a spoiled child….and that is why the IMF/BIS don’t talk to you about these things….they give you a report in December….and they give you another one in February…and that is about it….and they told you….in the first half of 2016….they will be international…
What does that mean…..well does that mean…..does that mean the rate….does that mean we will see a rate….does that mean….will you stop it….I kept telling you Give me Mosul….once you see Mosul you will see the MR….beamed down by Scotty….know what I’m saying…and when they told you that Fallujah fell….what was it….a few days ago…whenever….so much has been happening….ya’ll think we are here on a vacation….we work every day my wife and I….and there are so many of you that are visiting us and I’m not supposed to say the names of the families….this week we’ve seen what two or three families and they all want to meet us and go out to dinner….our time is so occupied.
Ok, I couldn’t believe they told you about Fallujah….because we’ve known and we couldn’t tell you and we have to keep things to ourselves….and then when we saw it….we went nuts….and now they are starting to tell you a little bit more about Mosul…..look IMO….there were some promises made to the Kurds and I tried to hint about that….and skullcrusher…..Pappa-J did a very good job of analyzing what he thought was going to be given to the Kurds…..
I like that post…and in fact I think I responded to it…..and I told him….yeah that is our CC right there…..I think the Kurds were promised something…..and when the Kurds went in and took over Mosul and everything…..we went nuts but we couldn’t tell you….and they just started telling you yesterday….so in the next 3-5 days they will tell you everything about Mosul….and some time after the 5th of June I think they are going to start telling you about these reforms….the MR and others.
I got a big kick out of an economist that came out yesterday, I have a proposal….what is your proposal…..I would like to make the IQD 1300 to 1….ahhh Family….that article is 2 years old….it’s 1166 knucklehead….what did I say…..Family don’t believe the media….they are flooding you because the media is suffering….they shut down….you think that DELTA and I can’t get stuff….the media can’t get stuff….they are covering every inch of their underwear.
Our troops as you know did all the work….IMO….you know what the UN calls the people who are in Iraq right now…..they say…..in Iraq we have peace keepers that are assisting the Iraqi army and the Peshmerga….oh shut up…..I mean even from the time of Vietnam things don’t change do they…..we are there, we’ve cleaned the place up….they are getting the credit….they are about to tell you….well they told you about Fallujah…and are about to tell you about Mosul….
They are about to tell you about the MR and all their reforms…and they are already telling you about reforms….because they are saying….we got money because we got these loans….and we are helping this province and that…..no sir…you are lying….you don’t have one penny from those loans yet.
Ladies and gentlemen…..KTFA Family….may I say to you…IMO….we are paying everything….when you see they are paying for this….when the Kurds say they are paying their employees or their army…..it is we….the USA who is paying everything….they are getting a loan to kick off their economic reforms….only if they do the financial reform.
Let me ask you a question Family….who gave you the words…..”They need to edit Kurdistan”…..who gave you those words…..we did….when did we give you those words…..a week ago yesterday when I did the Bible Study.
What word did they give you yesterday when they started to tell you about Fallujah….what word did they give you yesterday….they told you they are now going to edit Mosul….now the flags in Fallujah are up….but they are continuing to edit Mosul….it’s under control….
Fallujah is totally under control….the Popular Crowd militia helped out in Fallujah….they actually joined the army troops….if you go back and look at the notes we told you….”Hi GI Joe…NO…..oh…Hi Iraqi army…..YES….and the Popular Crowd militia as it is called out there, joined the Iraqi army and the Kurdistan army….because it was partially a propaganda campaign…and it worked brilliantly…..oh and by the way….the battle for Fallujah and Mosul….they started on the same day….
I can’t tell you when that day was…but I can tell you it started on the same day…..many…many weeks ago….those places are secured….they are ours….but…there is a process to tell you these things…you know what I mean….I made a post…..it was like someone was saying….Frank why don’t they raise the value of the Iraqi dinar….it’s not time to do that….well Frank why don’t they arrest Maliki….it’s not time to do that….well Frank why don’t they tell us about Kurdistan and Fallujah….it’s not time to do that…..you don’t give out updates with the media so the enemy knows how we are defeating them….while we are defeating them….how stupid is that…..so when you say…why don’t they raise the value of the dinar….why don’t they get Maliki….why don’t they tell us about Fallujah….
I’m sorry but you are lacking a lot of common sense…..all I see is greed and a need for individuals…..we put out some powerful studies….and at the end…..so when is it going to happen….what….and you know how depressed I get….you know how I walk away sad….that all that work for nothing….no God tells me….there is at least one Frank….there is at least one out there.
So yeah they have control over these places….and yeah they are starting to tell you about them…and yeah the MR is being done right now….so they can tell you later about it….IMO….maybe by the middle of this month.
The Kurds….IMO….cut a deal….and that is why they are helping…and that is why it is kumbyyah….and that is why you see nothing negative from the Kurds….all it is….jump sir…how high sir….because of what they are getting….holy cow…they are cooperating so much….holy cow….and again Pappa-J did a really good job with his interpretation and I really liked what he said….and also I gave you a lot of hints…and Pappa-J took those hints and worked them out good…..
I told you it might have something to do with status….it might have something to do with borders….it might have something to do with Article 140…..with their territory….Mosul is within their region….it might have something to do with the countries who are at their borders….all I know is it is censured…and all I know they are giving you old articles and rehashed articles right now….are you listening to me Family.
The USA is paying the Peshmerga….the Kurdistan army….not the Kurds….not the loans…and by the way….the cost of this war is being borne the USA…..the cost of this war is being BORNE by the USA.
I want to thank a member of our forum by the name of ReddStarr….you had an article that when we say it we thought…..dang that is pretty good….we had not seen that one….thank you ReddStarr….it was an example of what we have been trying to tell everyone….and I think I want to do it now.
I introduced KE to you….Kangaroo Elephant….that is the Cost of Equity…it is a rate of return to an investor…..so tell me….are you an investor of Iraq….yes you are Family….you bought the Iraqi dinar….well what is your KE….well right now the numbers are….and when you look at it and study it….you say to yourself….dear God….how did they go from this number to this number…..are they going to give me my rate of return with my investment in the dinar….really….now that you studied it….Doodlebug….not being factitious….I’m just sad….Doodlebug may I give you the last and final term….Tango Elephant….TE….got it….would you please look that up and teach the Family what that is all about….
I want you to know Family the KE…WAS….the TE…IS….TE talks about the Trade Exchange rating….it is the rating of a country on it’s creditworthiness….do you remember I said creditworthiness on Monday’s CC…..go back and look at the notes and understand what the TE means…..the TE of Iraq….the Trade Exchange rating of Iraq has been determined to be creditworthy….and ReddStarr comes out with an article that says to us…..France Foreign Minister is telling Iraq….”Things in Iraq with them will Change…the Risk Rating of some Iraqi Citizens After the Rate was Secured…Security as Improved”….shut the door….another one….we’ve been counting this makes six countries….shut up….you don’t see the Kurds talking about their deal….or Maliki talking about a deal….you don’t go telling the international world that the risk rating….
The KE…the TE….both that Frank talked about…..it’s going to be nothing man…..because these two cities that they just got…..yeah what about it….well after the rate….yeah we will all be happy after the rate change….because this is the place where security has really changed in these two cities….and I keep hinting to you….these two cities mean something….I’m in the mood to tell you what they mean….we will see…..and on top of that…this knucklehead Foreign Minister from France says…yeah and it was amazing wasn’t it how rapidly the victory in Fallujah and Mosul came about….no…..they just told you….the victory was weeks ago man.
Oh this is fun….hey Japan….yes….how are you doing…..I’m willing to invest in Iraq…why are you so willing to invest in Iraq….because the risk factor has gone down….you see the numbers….well economics people see it.
Foreign Minister of France….will you please keep your mouth shut…yeah I’ll keep my mouth shut…why are you going to keep your mouth shut….well because Iraq….Iraq they done good….they changed the map of some Iraqi provinces(Monday we told you 9 of them)….they changed some provinces from the color red you know from being very dangerous….to the color orange which is less dangerous….and they are trying to turn Nineveh and Karbala and one other….to the yellow color…..oh thank you Mr. Foreign Minister.
Now Family when I tell you leave my colors alone….I’m not playing….and I don’t need anybody to tell me….well if it is in red or blue we all know who it is from….Frank or DELTA…..leave my colors alone…..DO NOT TALK ABOUT THEM….DO NOT POST THEM…..YOU ARE CAUSING ME TROUBLES….LEAVE MY COLORS ALONE.
So the BIS….IMO….passed down to Iraq….look we are watching and we will give you about 20 more days….and this rating has exploded on the internet theater….where all these countries….they are excited….because they know that Mosul has already been edited…..they are just telling you that they are doing it right now.
And the Kurds….oh my goodness….I told you on Monday and notice my calmness today….I told you on Monday if it wasn’t for the Kurds we wouldn’t be where we are at right now…Junior…..I told you big brother is always way advanced…..we had to go make deals where we can get something from our deals…and not stupidity.
I so want to talk about Mosul……so Kurds how are you doing….we are in Mosul reclaiming our niche…..ohhhh…..Kurds how are you doing….the World Bank wants to give us money….yeah like Baghdad….Kurds how are you doing….Article 140 is our territory….oh snap….no you didn’t…..Kurds how you doing…..seven countries ready to help the Kurd economy….really….Kurds how you doing…..we said seven countries but I think we are going to get more than 17%….not this year but next year….you go Kurds…..
Kurds how you doing….we are trying to sell our oil now…..we’ve always sold your oil……yeah but we might not use Turkey….we might use OPEC…..Kurds how you doing…..well we are increasing our territory which means we are increasing our income through our budgets and Baghdad’s budget and our voice is getting bigger….oh shoot….Kurds how you doing…..well we are also getting historical lands brought back to us because we demanded it…..you mean borders….Kurds how you doing….well speaking of borders….they are of specific value…not necessarily for us….but in a military sense for our good friends….the USA…..because the Americans have the weapons that they can use….Kurds how are you doing…..we are settling a lot of our tribal issues.
Alright let me try it this way…..Mosul how you doing…..come on in….because once we go in and Mosul is being talked about with the media….you are going to see an international global investing financial marketing system explode in Iraq….and it can’t be done at a program rate with the IMF….and that is why the IMF is here with us…and that is why the UN is looking over the shoulder and saying….hey look….we got peace keepers in there….are you guys done….can we have them back…..because then you can have the rest of Chapter 7…..you already lifted Chapter 7…..we are holding it with the IMF….watching you guys….Article 8….oh I see…sure…..what are we going to become….an international global investing financial marketing system.
BIS/IMF/WB….what do you think of Iraq….of what they are doing…..well Iraq has gotten itself a worldwide framework of agreements for an international flow of financial capital for investments and trading….I’m sorry….either someone did something….or they are preparing to raise the value of their currency.
IMF….what….can you say anything….Iraq sent a message to us on the 15th of May confirming the agreements we have made with them and all of the conditions and all of the mechanisms and the framework for the fiscal policy…..and they presented it to the IMF board….so we are going to present it to the rest of the IMF board sometime around June…..well that is pretty good isn’t it….well yeah because you see basically Iraq is adopting a modern method in the preparation of their financial budget….that is why we said for the fiscal policy…..
Well IMF….you guys have been working hand in hand with the Iraqi’s to raise the value of their currency….this is all we see all over….yes….in fact the loans…..you are asking me questions….let me talk to you Frank….the IMF is here to say that the loan we gave to Iraq contains no risk….none what so ever….they can raise the value of their currency….it is no problem….the loan is to simply support their economy…..but to continue that support they have to raise the value of their currency….yeah….and there is a war to be paid by the way.
Family…..WalkingStick put out an article….it is post 122….it is about the IMF loan and how it will revive the economy of Iraq….and you can’t not be so naive to think that $15 billion is going to revive things….no….understand all of these steps.
Frank26: DELTA will be with us soon….but I have pages and pages….let me try to do some highlights….some quick hits…but please do look at that WalkingStick post 122.
For example….World Bank meanwhile….do you want to say anything….we are helping the Kurds….we know….is that all you want to say….what else is there to say when you think about it….you are right….oh my gosh….Kurdistan is re-taking Baghdad and it is the only reason we are having the MR….and it turned Abadi into a Superman….which is exactly what the campaign wanted.
US Treasury…..can you guys say something……well…”Iraq Private Bank Assessment was Discussing with the Representatives of the US Treasury, the Developments in Iraq’s Banks and Developing Ways for Iraq to Combat Money Laundering”…..is that exactly what we told you on Monday Family….what I just said about the UST was huge….I hope you were able to hear it.
Meanwhile….the Minister of Planning of the GOI…do you have anything to say…..well there are a lot of talks going on in Parliament right now….about our economy….about Iraq’s economy….and we are also talking about Iraq’s Business Council mechanism to reimburse contractors….how can you do that…..well I can’t tell you but that is what we are talking about.
Abadi….what….do you have anything to say…..yes….we got our flags in Fallujah….and victory is at hand in Mosul…and you will see a flag in Mosul when I’m ready to show it to you….anything else Abadi….yeah….all my achievements have made me a Superman….I agree.
Meanwhile….Integrity Commission of the GOI….do you have anything to say…..well I tell you what….we are the integrity of this whole country…and the only thing we are really doing right now is studying the corruption files within the GOI……him….him….well yeah…if you look at that we are saying “Hi to Maliki”…hi m….him….we are studying him right now…..why are you studying him right now…..well now is the time to get him….now is the time to go after him…..now is the time to open these files about him….to show the world….we have power in Fallujah…..we have power in Mosul….we have power in Iraq….not Maliki….
It was Maliki that led all the corruption in our government and to steal these cities, to steal the banks, and to steal Dr. Shabibi’s goals of raising the value of our currency….all of this time we kept Maliki close to us…and we avoided the non-student who kept asking…why don’t we just arrest him…..they might as well just say….why don’t they just raise the rate….well not bad Integrity Commission you go.
Meanwhile the Iraqi Central Bureau of Quality Control….what are you guys doing….we are getting ready to inspect all of this new stuff….all this new equipment that we got in to be international….in fact we got accreditation certification that says we can fix all of the equipment now…..isn’t all that pointless at 1166.
Meanwhile….ISIS how you doing….we are paralyzed with fear of an imminent RV in this country….I mean an imminent operation of the Kurdish army on our stronghold in Mosul….well ISIS guess what….you better be scared.
There is another post that I would like to highlight….it is from one of the three muskateers it is post 215….excuse me it is not a three musketeer…it is Moutainman…..a member of our forum…it talks basically about how we got Mosul back….it talks about airstrikes on ISIS…..it talks about things we could not talk about before….I like it…it is a little confusing with all the colors to be honest with you….but that is his style….you think I’m confusing….we respect MM and this is a good composition of what he has put out….post 215….you see didn’t I call them BBB’s…..how is it that we got Dr. Shabibi’s banks back….why did we need Mosul….so well done Mountainman….good report there and I would encourage people to read it.
So give me Mosul…..Give me Mosul….Family you give me Mosul and we will go into warp speed for the RV and all the reforms.
Ki cards….how are you doing….good….in fact on June 5th we are going to be helping to pay the retirees through credit cards….to pay the works….to pay their salaries….you know Family after June 5th I am very curious to see where the money comes from….because like I told you….for all of this year, since January we have been paying for everything for all of Iraq….everything….all their bills…..we made deals with the Paris Club…with their armies…..Kurdistan region and their employees…..so after June 5th I believe they are going to use these loans….but they will only last so long….so they have to raise the value of their currency.
DELTA strolls in…..Family we have a bit of a surprise for you tonight…..DELTA….DELTA are you there sir.
DELTA: Hello Frankie….I am doing well sir….I know it is a bit unusual for me to come in unannounced like this….but I have three points that I want to cover…..that I think are important and want the Family to know about it…..I know we are getting very close to a lot of things going on….some of the things I will talk about there were articles that have been posted on the forum about them….but some of them the Family may not have paid attention to…and some of it is from Arabic sources.
Number 1 is an announcement from the Minister of Planning…there was an article about this…and I’m going to read some of it….this coming Thursday they are going to launch something very…very important…and very significant for our investment…they call it the Development Management System….I know there is an article on this and some of you highlighted a little bit of this….but it was in Arabic and on Iraqia TV and I’m going to read to you one of the most important parts of the whole article….
basically for those of you who may not know….the Development Management System….we know the CBI with help from the GOI…..they decided to be a cashless society in the long run….so they want to do everything electronically for as much as possible for many reasons…there has been a lot of corruption…but if you move to e-government that the CBI has pushed a while back…their goal is to move the whole country in this direction of e-government or electronic….
However e-government will never be successful without the Minister of Planning putting something like the Development Management System in place….they have been working on this for a while and trained over 900 people…the launching of this project will be this coming Thursday and it looks like PM Abadi will be present to launch to this…..
When you look at what is said about this project in Arabic…they speak of this project as being one of the important tools with regard to trading and financial reform…..Frankie there is that Arabic word again for financial reform….what the Arabic article is telling you that does not translate well….is that without this Management System the financial reform cannot proceed….they have to have this system in place to do the currency reform and the financial reform….so this system it vitally important and many have been waiting on this system to be put in place for these reforms to go forward….
So this coming Thursday they will celebrate the launching of this system….so indications are we are getting really close…but we don’t know exactly a date…but it doesn’t matter based on this article we are very close.
Second point….we all know of the deal between Iraq and the IMF….there was information on Iraqia TV and another article today….but unfortunately when you do the English translation you lose a lot of goodies….this is from the Financial Advisor to Abadi and I will share with you what was missed in the translation…..so with this article and the TV announcement…you have to study it really close or you miss things and don’t fully understand what is going on….
One thing he stressed is that the IMF Board has to give the final go ahead for Iraq to get their funds….so he said that for Iraq to get this loan they have until June 15th to submit a letter from Iraqi authorities to the IMF board that they do agree to all the IMF conditions and the framework of the loan…
I know someone posted this translated article and highlighted some things….but a small piece that is highly important was missed….this was where they talked about the conditions and framework of the fiscal policy….so they must submit this letter by the 15th of their agreement to all the conditions…and the most important condition to us concerns the financial reform…and remember Family the article I brought to you in the past on several occasions there were things that Iraq had to do in order to get help from the IMF….
This is something they are not showing you now, it is behind doors….but they talked of two things….one was about taxes…and the other….they HAVE to lift the 000’s and basically do the currency reform….so within this letter that is to be submitted by the 15th are these things…and they must agree with regard to the fiscal policy…so this seems to give us a very small window Family….so they have less than two weeks to accomplish everything and send the letter to the IMF….
Now what is going to happen….they have to get these things done….one of them is the currency reform where they must come up with a true rate…and they have to accept Article 8….so this letter being submitted will be exactly the same as Iraq accepting Article 8…right….so by the end of the month of June then…the IMF board will look at all of what Iraq has said they have done….and one is the currency reform and the establishment of the true value of the Iraqi dinar….
Once they approve what Iraq says they have done…they will start to dispense in July $600-700 million dollars every month…and with each disbursement they will be watching closely to see where this money is going.
Again…now these two things seem to point to the idea that we are very close.
Frank: Before you go to the third point….that is amazing brother because you and I have not had a chance to talk and I did not want to bother you today….but you obviously saw the importance of something that I too saw as very…very important….in fact we talked of April 28th into May 28th…and then IMO…we believe they gave them 20 days…if you add that it takes them to about the middle of June to complete everything the IMF….actually I told the Family this came from the BIS….they said to the IMF….ok we see you working with them….but you now have just 20 more days to finish things up….from the 28th of last month which would take us to about the 15th of June…
And now here you are coming in almost word for word of what I said…matching us….this is your study….my study…and of course you and I have talked to I-TEAM and we know what their study is….this is wonderful…..we are in agreement that this nation of Iraq has been working hand in hand very well with the IMF….this is all new to them….they have no idea what they are doing…..they have never worked this fast before….but they are being guided and they are being shown what to do and to get it done by the first half of this year…and that is what I’m seeing and I’m extremely happy….
And you know….and I know….that the moment they show you Mosul….you see I think they have already shown us Fallujah….but the moment they show us Mosul….you know the flag….I think then you will see the reforms blossom right before our eyes…..so make your third point….or comment on what I just said….I just had to show that your study and my study though we had not compared notes we are equals today in this study….go for it.
DELTA: Absolutely I agree with you and what you have been sharing for the past two weeks…the reason I came on today is more and more confirmation Family that we are really very close…with this third part I am going to bring you things to show you we must be really close for the announcement to come out.
Third point….it is about the CBI….we all know that my TEAM has been digging into and watching the CBI really closely for a very long time….there is a spreadsheet that the CBI has they have been doing for years and in this is a calculated ratio that they provide….they come up with this ratio to determine the value of the currency…by dividing the foreign exchange assets divided by the money supply…this ratio reflects very close to the exchange rate…and for the last six or eight months the ratio has been showing like 0.85 or 0.86 cents which is close to the value of the USD….
But it looks like we have the magic number in that spreadsheet….when you put all the numbers into the ratio it appears the ratio is basically saying 1 to 1….this is with the CBI but you are not going to be able to see it….you have to really dig for this…but the magic number is there Frankie.
Frank: Alright…there it is….we started this CC with 111 people and I think we started at eleven minutes after one….1:11….there are just so many ones going on today…but….we keep saying that logic says this is what it should have been….
You go back to December….in December the IMF came out and said look we are going to come out at 1 to 1 with this currency in the first half of next year….but then they said when that happens we are considering a float for the Iraqi dinar…..I mean they told you everything in December Family…..so sure enough 1 to 1 is logical….especially if Jack Lew learned from Kuwait…and then three days later if they release that….oh my goodness….within a matter of hours….it will change….and by the end of this year….
I’m actually going to say something….I came onto the internet as Frank26 because I believed in 3.86 based on what the Minister of Finance and the Minister of Planning did….and IMO….they need to add about 20% to things….so by the end of this year it might be around 4.20….MY OPINION….because I have no idea what I’m talking about…..but jiminy crickets….DELTA….everything they said to us in December is literally right before our eyes.
DELTA: Absolutely Frankie….but I would like to add that even though it is showing 1 to 1 I believe it will come out even higher….because remember they have to add inflation into it…..so we could see “out the door” more than one dolloar….maybe 1.15 or 1.20….even up to 1.42 is possible….because of them adding inflation…..so 1 to 1 would be the bare minimum we could see….and the other reason I think we will see it come out higher than 1 to 1 is that at that rate it is what the Iraqi citizens are used to seeing….a dollar….but anything higher will be very good for them….IMO I think we will see 1.13-1.20 after inflation is added to it.
Frank: You remember when we were talking to an unnamed person….I said IMO I see it as 1 to 1….logic says 1 to 1….Jack Lew’s homework says 1 to 1…..simple math says 1 to 1….and then they said to us it will be higher than 1 to 1….remember that.
DELTA: Yes absolutely I do remember…..but even before you know me I said I am not as concerned about the rate just so long as they keep movning….and I’m not sure if you told the Family about the Special Committee from the US that is in Iraq right now who is there to basically implement the reform as soon as we hear that Fallujah got liberated.
Frank: If the French Foreign Minister can keep his mouth shut…..the French Foreign Minister was being interviewed and he comes out and says….well as soon as these two cities are liberated…which they have and they are really secure now and they change the rate we will be able to go in and fix things….what….shut up man.
DELTA: He knows exactly what is going on.
Frank: He reminds me of six others who have spoken out….how stupid to be talking about something that was done in a private meeting….but I think they believe it has already been announced.
DELTA: Just as I was saying there are so many indicators that we are so very close….remember the CBI was supposed to start giving loans the 6 trillion dinar loan….the reason they have not done this yet is they want to do everything electronically….so with the Minister of Planning launching this Management System on Thursday that is so important….and you said something very important about the Ki card…you remember a long time ago the Rafadain bank manager said you got the cards and said we are just waiting on them to delete the 000’s for us to do the cards….the CBI has to do that in order for the bank to issue those cards….so when are they going to issue those cards.
Frank: On the 5th of June….but I’m not talking….not saying anything.
DELTA: Again look to this Thursday for the implementation of the Development Management System…..they were told to get these things done…..they have to have systems in place and that is what they are doing now working both the financial and economic reforms to deal with the conditional aspect of the loan from the IMF….
Abadi looks to be implementing laws and so much of this stuff in the right way at the right time…..they have to complete all that the IMF has put on them in order to get the final approval for the loan….this is all GREAT news Frankie.
Frank: They are not going to take their time….IMO…they are in warp speed….and Iran is also doing a bunch of interesting things too…..they have accepted the anti-money laundering law…it’s almost as if they are in a race….I’m really happy…..so happy….that the things that the IMF layed out in December…..we are seeing them right before us now….and another thing….we also said that Iraq will take this to the last nanosecond to some time in June….God willing we will see this.
DELTA: I was reading another article before I came in that reminded me of something we talked about a while ago about taxes and tariffs….those things have to be hooked up at the borders….they are to be electronic….so they had to put systems in place and make sure they are working…and it sounds like this has been done too.
Frank: Everyday another domino from the IMF requirements are being shown to us…..and if it is shown to us….I’m sorry but it was done a long time ago…..so IMO….I think they have 4 or 5 things to show us…things that have already been done…..everyday we are getting more and more stuff that they had to do to go into Article 8….to get the loan done.
DELTA: I agree and it looks like Abadi is doing so much of this stuff, all of a sudden they appear to have money to pay people when just a short time ago they had no liquidity….what is up with that….but Abadi is creating this new image like the article today said a Superman….and no one knows a date or rate…but it could be that Abadi is able to provide something really nice for Ramadan that is coming up.
Frank: The IMF does not practice Ramadan….we don’t calculate it….but if I were Abadi this is exactly when I would want to release things…..Ramadan is a time when they take inventory and they are grateful….it is not a time to say I am rich….but they will be very grateful that their currency has purchasing power for them….this is wonderful and during Ramadan would be nice….
I have no problem with that…..I also want to say that if it doesn’t happen in June I don’t want any problems….if it goes into July I don’t want a bunch of people saying oh this was just a bunch of lies it’s not happening….seriously…..look how deep they are….look how far advanced they are….sure you can be with us and even post and vent…but you don’t have to be so negative…..don’t blame DELTA and Frank…blame the IMF…they supposedly have the control.
DELTA: I see most of the media stations and newspapers in Iraq…and most all of them are asking Abadi to stop the CBI auctions….stop them immediately….but Abadi is an economist and he is aware you can’t stop the auctions unless you are also prepared and ready to raise the value of their currency…..
They want to be international as the IMF has suggested…they have to go global….they talk about opening up the private sector….but again this requires Article 8 for them to be allowed to move things freely out of the country at something besides that program rate….we are so very close with all of this….they have to have a tradable currency in order to move money from one country to another…..also look at how hard and fast Abadi is trying to get things done….diligently he is working along with others….that Special Committee is waiting on the announcement…the US Embassy is waiting…..the announcement will bring forth a new currency rate as well as the LD’s.
Frank: You know DELTA….the fact that the IMF is holding their hand…or grabbing their ear and guiding them through the MR….I am so at peace because of their presence….in fact it allows the international world to not only feel confident…but to also tend to over talk…and I do agree with you about stopping the auctions…but it is suicidal unless you can also lift the value of your currency…and for them to have all this pressure from so many different angles….not just the IMF….not just the reserves….not just the international world….but stop and think about this….all of this equipment….all of this training of the staff so they can talk in an international language….all of this technology…spending months with US techno-geniuses….they went over there….they have been there in the Embassy….in the Green Zone….guiding Junior to their final quest….
If Iraq does not lift the value of their currency what an insult….not to the IMF but to the fact of being under a program rate…..I don’t think Iraq is trying to go in the direction of internal suicide….not with them working on all these things…no….they are hungry….our God tells us that Baghdad will once again become the Mecca of the world…and it is…..
My brother I am excited and I am thankful for this extra information that you brought to us right now….the fact that the Minister of Planning is going to be making an announcement on Thursday about the Development Management System to establish their e-government…you might as well say international government….and then the letter to the IMF by the 15th that says we are done…
Alright then let’s move things….let’s go….let’s start making money…and the third thing that IOO opinion there is enough evidence showing a calculation of at least a 1 to 1 ratio for the Iraqi dinar coming out soon.
Dismissed with a prayer.
