The CBI announced 4 or 5 days ago on their website … they will extend the sale of the bonds another month … (those are the ones that no one is buying).
They mature and payout in USD and not dinars. You must buy in dinars. I really doubt that anything is going happen in the month of October.
We told you … NO ONE was going to buy those bonds (because they don’t have an international currency). Everyone is waiting for the currency reform.
Why would anyone want to buy bonds from Iraq when they can go to Dubai or SA that are more attractive? LOL!
As long as Iraq is operating under a program rate – NO ONE is going to buy them!!!
We do believe that they have to do something fast!
Looks like tomorrow, Parliament has a lot of amendments … which need to be passed … they have to read article by article … amend line-item-by-line-item and finish it. This is very important.
With this investment law – there are a lot of things that will attract investors. Investors can buy land … and own it for 50 years … with options for the future.
They must pass the investment law.
The GOICBI need to move forward with the currency reform.
Something very, very important must happen because with the freedom of movement of capital … (international companies must be able to move money internationally).
I don’t care … no one is going to invest in Iraq if they don’t protect the investors and pass the currency reform.
My goodness … I think you said every point perfectly.
This country of Iraq … (as you mentioned) … they are running out of money. Liquidity problem.
Delta … before oil prices went down … weren’t they making 6 to 7 Billion a month on oil sales?
FRANK: Those numbers are cut in half … oil is low … and will rise … but probably not until January of 2016. In effect … Iraq is running on fumes.
DELTA: 50 Billion in reserves is nothing!!! They can blow through that very quick – it’s crazy.
I just got confirmation … all of the private banks in Iraq are about ready to file for bankruptcy.
The CBI has sucked in so many dinars … there is no money on the streets … the people are waiting for the lower denoms. I don’t see how they could take another 2 or 3 months which takes us into next year. This is going to collapse unless they do something quick!
FRANK: Delta, this is the first time I’ve seen you say that this could go into next year (2016) – but not much into 2016.
We told you all of this last summer … they must pass these laws.
IMO – the laws are passed … they are just waiting for them to raise the value of their currency.
This is accelerating to a point that you can’t see.
Iraq is about 100 feet underwater and out of oxygen! If they don’t hurry, they can’t even make it back to the surface before they will die.
The Federal Reserve is going to change!
There are more deals you are not aware of – that is why I want to show you something tomorrow night.
Delta do you want to talk about the refinery?
DELTA: This is more confirmation … the money will bring more security. BP was one of the biggest refineries in Iraq.
FRANK: Other gurus are saying that on the 20th this will happen. I doubt that very seriously.
What about the money recovered from Maliki and others? That will be used later.
DELTA: I have no doubt that they will pass the Investment Law. I believe it will be one of the best Investment Laws in the world – I was told that yesterday.
FRANK: You don’t need an Investment Law unless you are EXPECTING something to happen. We must see the LAWS … the LOWER DENOMS … then Dr. SHABIBI.
DELTA: So what about 11/11? That would be nice. LOL Everyone I look, I see 11/11.
FRANK: All of the "old-timers" will remember … in the still of the night … 11/11. LOL
Iraq is not paying their bills … not taking care of their people with this program rate. A lot of things are coming to a collision! The 4 things are set to explode into a new rate!
DELTA: Remember, no one is giving Iraq any loans. At 7 Billion a month … that won’t last … especially since their income is so low.
Iraq can’t come out of the hole unless they do something. We all know what the SOLUTION is … Article 8 … currency reform … print in the Gazette … investors will then inject lots of money into the country. Again … nobody knows the date.
What we do know is that Iraq is running out of time. Just sit back and watch what happens. IMO – they must act fast! Salaries, the military, etc. needs the money to keep going.
FRANK: As we come to an end … the HOT topic was the Investment Law.
#1 – LAWS … (we feel are done) … need to be announced to the International world.
#2 – LOWER DENOMS need to become visible
#3 – DR. SHABIBI need to become visible as the head of the CBI.
#4 – DR. SHABIBI … what rate would you like sir? (That’s why you came back. Wasn't it sir?)
I believe that in the phase of a moon, we will see the Lower Denoms – because we need them.
The 1, 2, 3 and 4 may not necessarily come in that order.
Be prepared … there is something that may shock you … I want to make you aware of it tomorrow night.
The people who produce a program called “NOVA” did something that I want to show you.
I’d like for you to be spiritually prepared.
NO NOTES will be taken tomorrow!!!
#1 – Investment Law is for who? Investors who want to come into Iraq. YOU are in investor in Iraq – without going into Iraq. That is why this is so important.
I believe that the Investment Law may bring forth the HCL.
#1 is really, really #1!
You probably won’t see #3 and #4 until next year.
This is the latest information we have received – while we were doing this cc.
Iraq has pattern. They don’t break this pattern – even when they’ve had the opportunity to do it.
The pattern with Iraq is … if you tell them to take an inch … they will take that full-inch. If you tell them to take an hour … they will take the entire hour. They will stop at exactly 60 minutes.
There is a reason why we brought you the mathematics of the reserves. When we calculated it … this is the end of March. Please don’t roll your eyes. This trifecta of 3 months … is the finale of the monetary reform of this country. The laws are about to be kicked-in … because we finally have SECURITY now.
How can the other countries wait? Because they know – and they continue to wait.
Iraq will not be getting anymore “chump-loan” to just get by.
The reserves will be drained.
Do you think that what we are doing with China is an accident?
Do you think we did what we did with Russia is an accident?
Let’s end there before I lose you.
CC ended in prayer.
When you are dealing with 3 Super-Powers … along with yourself (#4 USA) – the 4 corners of the world have been covered.