Q: do they have to RV before they are released from chapter 7 or after ?
A: Delta said about 5 minutes ago.. No, that release form Chapter 7 is not necessary
This is what I have so far: Hope it helps those who couldn't listen!
CBI website is back up. Frank finds it interesting. If the approach is 7% inflation, that is a dangerous warning sign. It is not the red zone, but it is the yellow zone. It would trigger for this all to move a lot faster. As of August, inflation was 7.61%. If it gets into double digits, that is RED zone. We are IN the double digits now, according to Frank and his Team. The M2 figures grew. That is at 15+%. Frank is not shocked by this. The lower denominations have been distributed into the banks. The huge numbers in the auctions were the lower denominations going into the banks.
Frank voiced his respect for our government and leaders. President has said he will pay for the jobs program through a “tax plan”. Obama and Warren Buffett are using a very interesting phrase, called “the right thing to do” about taxing people who make more than 1 million per year. They want to tax the rich in order to pay for this program.
Two days ago there was a media “blackout” – there was an attempt to do so, anyway. Between Friday and Saturday, NO articles. Today, the articles started coming out again. More deleting 000s articles. They are focused on one thing and one thing only. Nothing will stop them. Shabibi was NOT at this meeting with the media. The 3 advisors sat in front on many media people and ALSO the USA media. Have you heard anything yet? No. Bluestar asked Shabibi point-blank about raising the currency. He said “very soon”. He also mentioned high inflation would be the time for him to trigger it. We have that NOW. Inflation is our ally. It is our friend. It is forcing the RV to go forward. Shabibi’s 3 advisors were asked again, “When do you plan to add this value that you speak of to your IQD?” We plan to do this at the beginning of the financial fiscal year 2011 of the GOI.” Reporters specifically asked about October 1 – yes. Will you leave it at the program rate? NO. We will put it at its “true rate”. What is that true rate? Answer: Smiles. Question: Will it be added to the budget? Answer: We will add it to the salaries. It looks like they want to start the salaries on October 1. Frank does NOT know that for a fact, though. It will be the lower denominations that they will use to pay the salaries. “We want to open the new books with the lower denoms and the new rate”.
Condor sent a message to Bluestar with the following: Monday, Sept. 19, 2011, Talabani left Baghdad Monday morning for New York. General Assembly UN will convene Thursday. Condor believes this could be the precursor for the final asking for release of final sanctions of Chapter 7.
Read More Link on Right
Delta: New currencies are already in the banks. Nadia’s sister went to several banks looking for lower denoms, and they said “yes”. The Financial Committee from Parliament was not giving any details. They just pointed to Shabibi and his advisors to give all the answers. Shabibi answered questions, and he answered 70-80% of the questions. He said that the banking account will never change. Whatever happens is going to be permanently done in the system. They will be able to use the ATMs. He said that every citizen will be able to keep their money, and they are NOT GOING TO LOP. He was responding to the people who were concerned (in the country) and worried that they would lose their money. They assured the people that their money is safe and that they would not be losing it. They reported that what they are doing would actually really help the “power of purchase” – of course, we know this is a revalue. Shabibi was asked about the time limits…they answered that the higher denominations will NOT be canceled…they will coexist. They will use both together. They are hoping their citizens will have all higher denoms cashed in by 2013. Delta said their body language indicated that they are very comfortable with this whole situation.
Delta talked about Shabibi being asked about the problems. Shabibi told the Iraqi citizens to be very comfortable because he said even though the GOI has issues with politics, but the CBI has NO issues with the economy. The economy and the money is stable. Shabibi told the people they are “under the umbrella of the IMF”. Who controls the IMF? The USA!
worshipgirl Posts: 12Joined: June 20th, 2011, 8:17 pm
Here's the last little bit:
Talabani speaks to the UN this Thursday. Delta says this particular trip to the UN has no bearing on the RV. Delta reiterates that the CBI is independent of the GOI. They do NOT need the approval of the GOI in order to release the rate.
Delta reiterated that the whole Team believes that this should happen before October 1, because this would be the first of the fiscal year. All of the lower denominations have been delivered.
Frank mentioned earlier in the call that the question had been asked about the rate, but there was no answer – only smiles. They did NOT answer that question. The reporter was given the understanding that he needed to go to another question without an answer to that one. No one gave the rate during that interview.
Delta feels that we should see something at any moment, and that they have to do this on a Tuesday, Wednesday or Thursday. He believes it needs to be done before the 29th in order to be active on the 1st of October.
Delta says we are really in high alert from Tuesday-Thursday this week and then again next week from Tuesday-Thursday. Keep your eyes open!