Highlights from KTFA Conference Call Monday 3-17-14
Last time Frank talked with us he said we would see a new phase…a media blackout.
The media blackout is happening now….it’s not obvious…there are still articles being released but they are old, recycled articles…..some are totally erroneous…many are old, incomplete , disjointed….unfortunantly many are believing these articles are true….that is part of Franks frustration.
I-Team told Frank to be still and just to wait for it. To be patient, and not to vent frustration.
Just as parents must be patient with their children, we must be patient while our investment grows up.
Walkingstick has posted many articles on central banks this week…..from London and from China….in Franks opinion it is no coincidence we are seeing these articles on the central banks and global currencies movements.
Frank says there are 10 powerful companies that will rebuild Iraq. Will they rebuild at 1166…Franks opinion is NO….
Frank says its important to pay attention to Walkingsticks article that speaks of the blackout and how its begun…….(post 317) this article talks about coins, and inflation……the translation makes it look like coins cause the inflation..Delta’s translation correctly describes that the IQD rate needs to be raised to control inflation. The coins are part of the Lower Denominations …Raise the rate to control inflation, and release the LD’s and coins to pull in the rest of the 3-zero notes….
This article speaks of introducing the coins after the elections….when are the elections?....end of April….When did the CBI say they want to lift the 3-zero notes?.......June…which is after the elections….we need to look deeper
ARTICLE: walkingstick » March 17th, 2014, 5:03 pm • [Post 317]
03.18.2014 (0:01 pm) -
Coin and raise the value of the dinar traded between inflation prevents citizens
o Baghdad / Rami Salhi
Experts said the economy that inflation in the country behind the failure of the project SEC coins, but they added that the central bank and the banking system bear this failure because they did not Iverdaha transactions cash through distribution in government salaries or deposits held by private banks, stressing that the mintage concerned is necessary for the project the deletion of zeros from the dinar because it was in favor of raising the value of the dinar.
said a member of the Finance Committee in Parliament Abdul Amir Hussein said in an interview with "long", "The coin has a positive impact on the Iraqi dinar, especially in the event of the application of the project to delete the zeros from the dinar," noting "The coin will have an important role and is effective in raising the value of the Iraqi dinar."
and put Hussein blame for the failure of the coin, although the SEC, many of them with the replacement of the Iraqi dinar after 2003, the responsibility of the central bank as responsible for the policies and Alstrajiat fiscal and monetary " .
of said financial expert Ghazi al-Kanani said in an interview with the "long" that "it is not possible for the coin to succeed in the country, adding that they exist in the countries of the world, both economically developed countries or emerging economies."
He Kanani said that "the coin does not can be used in Iraq as long as there is inflation in prices, "he said, adding that" by the success of their use is to remove three zeros from the Iraqi dinar. "
the expert added that he "can the central bank issuing the coin for circulation in shopping or transportation and so on," stressing the importance of currency Mineral from where it does not consume as the currency paper. " He revealed "pull the central bank of the coin (silver) after failing were sold through auctions and some of them have been preserved in some of the banks."
to the economist said Maytham and coffee for the (long) that "the coin of advantages over paper currency of where the lack of damage and long life, while lies flaws in the weight of the weight and the difficulty of her pregnancy. "
and pointed to the coffee that "the reason for the failure of the coin is due to the inability to use it only to buy a limited flea," pointing out that "inflation in the prices of goods extent of the use of this currency . "
and explained that "the central bank and the banking system have failed to succeed in currency trading metal in the country, by not imposing distributed with salaries and not handled by the private banks and the government."
and stressed that "the ways of the success of the coin in the country is the deletion of zeros from the Iraqi dinar" , noting that "this option has been ruled out until after the elections."
Frank Asks.......Why have contracts been signed, GOI bonds have been sold, and doing protocol stuff right in front of us? They are clearly using the same protocols the articles being released right now deny. …Do not believe all the articles…..they are clearly using monetary instruments that in Frank’s opinions must contain the new rate.
Remember, there will be a black out of information…..How do we know we are in the black out?
1. Articles coming out that the Kurdish language on the new notes….old news…this was done months ago.
2. Articles that Kuwait is saying they want to be be paid in full from Sadaams invasion and are searching for MIA’s which was also long ago. This also is done and settled
3. Articles about the budget….the budget is done….they are keeping us sidetracked with old , recycled articles….do not believe it
In Franks opinion the Monetary Reform of Iraq is in the US’s hands and Iraq and GOI is just trying to look busy….like they are in control//the GOI is just doing what they are told to do.
Zochowski reminds us that the 7th month of the lunar(Islamic) calendar starts in about 3 weeks.
Walkingstick has articles that the lifting of the 3-zero notes is to be mid year…again in 2 weeks on the Islamic calendar..
Franks feels the new rate can be released at any time.
Frank played a recording from Delta who says that on Iraqia TV they are saying the President of Parliament has declared a media blackout and will not let any reporters or media into parliament today.
Regarding the Auctions…they have pulled in over 4 Trillion already, and are still pulling in more…Franks says to not worry about the auctions
Franks closing comments are to be still and wait for it…do not worry about the articles…..the new rate can be released at any time….and take it to the Lord in prayer.