Frank’s CC Notes 3.12.2012 Delta arrives on the call.
A week or two ago Delta’s contact got in touch with Shabibi. Dr. Shabibi
told him they are going to do this before the Arab Summit.
Delta thanks Mary Cooper and WalkingStick newshounds for the articles. Yes indeed! BRAVO!!
Lots of good news from Iraqia TV says Delta
Article speaks of person who picks up phone and talks with Dr. Shabibi. Almost what Shabibi said to Delta’s contact was in the article that came out today. This is a huge article says Delta. All the majors are developed. The CBI in the coming days are going to be done. Today they promised that this is going to be done. Significant decrease in the value of the dollar against the dinar.
Private companies to be paid in Saudi
Arabia. 1.2 billion but right away to be paid 408 million in 2 days by wire
transfer. The CBI and GOI are ready to go and they are running late!
Read More Link on Right
UN all saying same thing to get Iraq out of Chapter 7. Again on Iraiya TV Kuwait agreed to drop debt to finish everything. The borders to be reconciled! Huge!
The Arab Summit is huge for Iraq! This is a time to show your neighbor the best of the best; this is just how Arabs work culturally!!!
GCC (Saudi Arabia) asked Iraq to finish all the obligations to Kuwait.
Banking systems asked to drop the difference between IQD and USD.
RV will likely be between .86 or a little over a dollar; we can only wait to see.
Call came today to Delta from his contact that Dr. Shabibi, may possibly pull the trigger THIS WEEK!
New lower denominations, patterns, history, we MAY see on Tuesday or Thursday.
Frank jumps in to say pay attention to Tuesdays and Thursdays
Looks like wire transfer to happen between Tuesday and Thursday. These are INTERNATIONAL banking days!
Calls on the Iraq 2012 budget was a stall tactic.
Meeting in Jordan, Dr. Shabibi, Minister of Finance, and another person this past week. Can only guess what was discussed behind closed doors.
Confirmation a call to Delta saying we may see it this week!!! Some lower denoms to be likely be seen! 50, 100, 200 and 1 and 2 most likely but likely no coins at this time. Perhaps later this year.
Delta shoots down the possibility of a Dinar LOP. IT”S
NOT GOING TO HAPPEN!!! Iraq is going to REVALUE THEIR CURRENCY! NO LopSTERS!
Delta and Frank explain the prime article today regarding the decreasing the
value of the USD against the dinar.
Bluestar comes on and poses question about the possibility that the National Conf. to be held before Arab Summit. Delta says yes, this is likely for us to see the National Conf. before the Summit. Might happen after Maliki comes back from Kuwait after 14th.
Delta says they, the Arab countries are united and will look good at the Arab
Summit. Delta says while they do like to argue they will get it done.
All indication that this is our month. High, high possibility to see this week!
But still possibility we could be wrong on the date.
This budget is going to raise the value of the IQD!
50, 100, 200 and 1 and 2 dinar coins. Delta says we might not see the coins at first. We might just see about 5 kinds of the lower denoms.
High alert for next few days! Says Delta. The
GOI has given the approval. Shabibi has a green light says Delta.
Delta summarizes and has to leave.
James from Wells Fargo comes on the call.
WF rep called James and reached out to him.
WF rep made a comment that he was not about to allow millions of dollars and millionaires slip through and out of his bank.
James explains how he met the WF rep and brought some “heavy hitters” a couple of surgeon friends.
James was about to forget about this rep but the WF rep called just as he had only recalled how he had not heard from him.
James goes over the history the Dinar with the WF rep.
WF rep took tons of notes during meeting this past Thursday.
WF rep made a comment that he literally would not get any sleep that night
because he was going to be on the phone all night making calls to find
nformation and speak with the right people to make things begin to happen for US!
James said the WF rep has called him 3 times this week. WF rep has been reading up and is making calls and getting the right people on this to make us all a respectable deal when cashing in.
Frank directs James to get things setup with the WF rep. To get Frank scheduled to meet this gentleman.
Frank tells James to keep the WF rep appraised of latest articles and explain them to him.
It appears that they are about to implement the Erbil agreement at the National Conf.
Feb 23 budget was approved by the GOI. Talabini signed off on it! Gave permission to release the monies from the budget 7 days later.
Funds were supposed to be on Thursday but may now be released.
Takes about 15 days to ratify this signed budget. This time says Frank it may be done sooner. We may yet see it this Thursday on the 15th.
Frank says it may still take another 15 days from this Thursday which
would be another “Thursday” for us to see the rate around the Arab Summit.
Pay close attention to the auctions says Frank. Pattern developing.
Pay attention to articles from IMF. They are starting to talk to us. Thumbs up. Go ahead and deal with Chapter 7. IMF gives thumbs up to Iraq on the budget.
IMF is seriously talking about Chapter 7 and move Iraq to Article 8. Also being seen on Iraqia TV says Delta.
Article about Saudi Arabia to be paid 408 million to workers for past work. This is VERY huge. It’s earmarked in the budget. It’s about to be paid! They say 2 days! It’s going to be paid via wire transfer! If they can do that then they can wire internationally!!! Bank systems are ONLINE!
Pay close attention to the GCC! Saudi Arabia is going to be at the Arab Summit! This is huge!
Frank will have the Bible study tomorrow. Please join us.
Frank prays to close the call.