The IQD Team
The IQD Team
Investigate, Question & Deliver
Thursday, August 16, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - August 16, 2012
760-569-7699 Pin 769478#
The IQD Team plus LJ's Next Step Team
Two Teams, One Vision Working Together arriving at the same place for the Dinar Community
Highlights from some of the News Articles Discussion and Analysis
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below - the following are just several of the highlights after the articles were read)
"Central reveals plans for the use of alternatives to retain the wealth"
Unlike it is reported, the Central Bank is not issuing going gold coins just yet...their is a proposal for them to do this they want to be able to just like every other Central Bank does..some do...some don't....they can mint a gold coin to sell and for people to buy.....gold hit 1600 an ounce....people are buying gold....they want to hold their wealth be able to do the things they need to do and hold and get their wealth
Why would you talk about wealth in a country with all of these poor people?
Why would you talk about wealth and building wealth when these people don't have any?
Read More Link on Right
Does it lead you to believe or lead you to infur that in the future these people are going to need these type of things?
they are going to need to buy gold...need to buy and hang onto their wealth and create wealth inside the country
Wealth is created by having assets...by having businesses and by having all of those type of things - Its not just about having a pile of dinars in your pocket like we do and we get and we run out.....our idea on this side
is the same as theirs - they are going to get purchasing power which buys them more so they will have more left over
at the end of the day...we are going to have a pile of cash that sits in front of us and we would really like to create wealth that lasts....wealth lasts for generations....money lasts as long as you have it and spend it..that could be a short period of time.....I think this is interesting...talking about the banking system and getting people into the bank and liquidity
I have had numerous questions about the auctions...people get confused....if you are confused about the federal banking system you need to get a book called Modern Money Mechanics (link on our website)
it will really help you understand what the function of a Central Bank is and the function of our Federal Reserve Bank is...and it is operating the same in Iraq...very parallel to ours....system is very similar because we set it up...the idea of these auctions is to take in the dinar and put out dollars...they are not giving them to the general public...giving them to banks...financing projects with them - they are doing alot of different things...the banks will slowly put those dollars out into the streets..people are wondering why they are giving so many dollars and they think they are going back into Iraq......well its not.....thats the problem....the money is going out of Iraq to pay for projects and not coming back in and not given to the citizens....so the citizens can only take so much money out of that - they can only bring their dinar in and get so many dollars based on what they have it is not huge amounts...they would like to have that as the streets are coming down...
We are going to read an article that says Parliament would like to have more money changing places open and we dont want that...we want banks to do that...so you can come in and open up accounts....get loans and do things that banks does because it is part of fractional banking and thats how that gets used and thats how it grows...really great article that talks about having people create wealth...you have to have something to create wealth from right??
"Central bank sells gold coins to the public soon"
They are coming to the end where the Central Banks is going to start operating as a Central Bank and its going to start financing the deficit thru the bonds and they are going to need other ways to create money and income coming in...well selling gold coins they can create another avenue of income...but also helps put their people into a position to gain wealth and when you are gaining wealth, you are in a much better position to pass that along generationally and thats what you want to see.....
people will ask us what are the Iraqi people going to do with all of this money? Well they are really not getting lots of money - they are getting purchasing power as we have discussed many times....and once they have that purchasing power they will create wealth for generations similar to what our parents and forefathers did...we came out of the depression - as they came out of the depression their habits didn't change much ...they held onto their money...they decided they wanted to have a couple of generations to do better than they did so they had money to give to those generations
so it takes a couple of generations for this to go in....you want the first generation to start to get this money to start to buy the wealth and invest in Iraq by buying these coins and invest in your own country with putting the money and keeping it there
then in turn loan that money out exponentially to build projects and go on...again don't misinterpret this article as they are releasing gold coins...they are talking about a Feasibility study on whether or not they need to do this - its something that needs to happen and yes it does need to happen but it is not happening now..its not happening tomorrow or the next day but it will happen sometime after the significant increase in the value of the dinar....so again why would you talk about wealth in a country that has very limited resources for their people? That is the question of the day?
"The central bank seeks to limit the use of cash (CASH) in the country"
Love this article......How many articles have we read about electronic banking, etc about laws that need to be passed for this to happen....how they really...really...really want to get everybody hooked on these cards because it is a much easier form to manage things currency wise - its expensive to print currency ...you don't want to have alot of it...you are going to have alot of wealth and it it makes it easier to transact business on these cards like we do here...they have been effective...its talking about the banks becoming central clearing system for all the banks and all the transactions ...sound familiar? it looks almost identical to what we have over here...very similar...this is why if you ask me what I saw the Future of Iraq Project and I sat down and read that and all the steps they wanted to have in place, the blue print that was given to the Iraqi govt to follow it didn't matter when it was going to happen because the system was being put in place and the system would come to fruition at some point in time
all of these things that we are seeing is pushing towards the system coming to fruition and doing great and absolutely awesome....that was a great article
And why would you have all of this if you have a worthless currency?
"Parliamentary financial demands of the Central Bank to open new outlets for the sale of hard currency in the provinces"
Mike discusses this article...listen to the recording
My favorite article of the day....love these articles
"At a cost of $ 20 million project to build .. Car showrooms in Basra "
LJ talks about the prices of the Mercedes Benz cars.....
Why bring those cars there? I understood the Nikia - they run 20 thousand and up but you are bringing a top notch vehicle like Mercedes Benz and I am sure when they say they are building an Auto Mall in Basra you can bet your bottom dollar they will have Porsche, Audi will be there as well...
Like Mike keeps asking...Gold is 1604 an ounce today....who can afford to buy gold - the average Iraqi makes 600.00 month - it would take them 4 months and thats not eating any food ..paying for any electricity or water - it would take them 4 months to buy an ounce of gold - we have to use reason and we have to use logic.....thats always a good thing
"The disappearance of Abdul-Qader al-Obeidi and the Embassy of Iraq in Washington investigating his fate"
Mike and LJ discuss this article...listen to the recording
"Saad: Adoption of oil and gas law is an urgent need to put oil in the political track"
Saad is pretty influential...she has alot to say....she pushes things along and she is pushing the parties along with this law...they are getting this from every direction to get this done...there is a real need to get this done...top priority right now for some reason and I think we know what that reason is.....Shabibi needs to make sure his economy is locked in...
Lets get the dang thing done.....Everybody has said get this done from the US...the UN....everybody in every other country...The IQD Team to LJ's Next Step Team and Larry the Cable Guy.......GET R DONE
KEY SENTENCE IN THIS ARTICLE...
And called for political blocs to intensify efforts to pass this law and agreed upon after the submission of sufficient concessions
especially since the revised version has been submitted
(Listen to the recording)
LJ - LJ's Next Step Team
Talabani is in Germany
Saleh went over to Germany - he came out of that meeting
says things are looking good so whatever report he got he came out with a positive response to...that is great for us
Then you had another meeting with the Communist party.....he was in Germany meeting with Talabani
There was nothing in the news about the protest which was to be held tomorrow
Still seeing the forward motion of getting things done and the synergy of working together
Maliki is a bonehead and continues to mess with the CBI which is idiotic as far as I am concerned....also Closes down the Kurdistan office in Baghdad today...how are you going to make friends and influence people if you keep making these bonehead moves
So in our govt we are seeing the constant movement of getting things done and Maliki always seems to find a way to mess things up....he is just notorius with that.....I am just sick and tired of him....wish I could fly over there - he would be like Obeidi and just disappear....I just want to take him out long enough to get the govt set and let him go...
Ramadan ending on Saturday....Eid follows after and will last til the 23rd.....I think we are sitting in the most positive position
we have been in up this point...Just the last article Debbie read and the concession made about the Oil & Gas Law ...whenever I read concessions have been made and the people back away from their own personal agendas and say lets get into the agenda of the people in the country so we can allow our govt to take its place on the world scene and allow us to have the prosperity we all know we are going to have...it looks really really positive
Straight Talkin Mike
I thought one of the most interesting articles we read tonight they talked about they wanted to sell gold coins so people in Iraq can have wealth....I guess I ask myself that same question...Why the people who have absolutely no money valuless currency want to have wealth at this particular point in time....well sometime in the very near future they are going to add value with all of that...thats pretty cool to see these type of articles
They talked about the limiting of the cash in the country - they are talking about the currency dealers - Parliament would really like to see them have more but they would really like to see them come to the bank exchange the currency...very key to keep the supply down
We talked about advances they have made and just to clear things up with people....people remember the auctions you see they are selling their dollars to banks ..banks are financing projects and moving those dollars in other directions and the people are getting some of those dollars but not as many of those dollars are coming into the country so they have pretty good control over the money supply at this particular point in time
and then we talked about the Mercedes Benz opening up a car plant....20 million dollar project...if you look at that I ask that same question...Are the people able to buy these cars now? ...No but there is some anticipation that sometime in the future that there is going to be value...wealth - people will buy gold coins and they will want to drive Mercedes and we are moving right along...all very positive articles again and they are obviously getting ready for some value to be added because you just don't do these kind of things if your currency is worthless
And there you have it...
Straight Talkin' Mike & LJ'S Next Step Team On The Straight Talk Express Bringing You Another Night of Positive News!
Please listen to the warning about the latest scam in the dinar community at the beginning of the news
We will miss LJ and his Team not joining us on a regular basis due to their scheduling - they will join us as they can if the news warrants it..
It has just been too overwhelming and time consuming for their team...as time permits they will join us.....they will also do calls like they used to as warranted and will be joined by The IQD Team as well on their calls.......We here at The IQD Team thank you for what you do for our call and what you contribute to the dinar community....You are truly a Great Team of People and we will continue to work hand in hand with you working together for the Dinar Community
News Coverage for Thursday - August 16, 2012
CBI / ECONOMY
Central reveals plans for the use of alternatives to retain the wealth
The central bank seeks to limit the use of cash (CASH) in the country
At a cost of $ 20 million project to build .. Car showrooms in Basra
Parliamentary financial demands of the Central Bank to open new outlets for the sale of hard currency in the provinces
Central bank sells gold coins to the public soon
The disappearance of Abdul-Qader al-Obeidi and the Embassy of Iraq in Washington investigating his fate
Saad: Adoption of oil and gas law is an urgent need to put oil in the political track
And Misc from LJ
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion and Q & A - Listen to the call for all the rest of the news shared and more during the Q & A
We are getting closer every day......GET R DONE!!
Conference Call Replay - August 16, 2012
760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
Every Tues, Thurs & Sun 8PM EST
760-569-7676 769478# or 71222