Post From KTFA By FrostyTheSnowman » June 16th, 2015, 12:53 pm •
HIGHLIGHTS FROM KTFA MONDAY NIGHT CC 15 JUNE 2015 Part 1 of 2
Now … TopShelf (TS) wants to talk to you about gold. You need to listen to TS and put all of this together.
TOPSHELF (TS) – I earned a trip with Jusuru and I wasn’t sure I was going to be able to go because of my health conditions … but I was glad I was able to go because there was a great service project we were able to do for a community of about 400 people. I helped mix concrete (the old fashioned way) with a shovel.
It was nice not to think about the pain in my body, but to be able to help serve those in Mexico.
We also saw a beautiful rainbow which is a wonderful reminder of the covenants we make with God. Unfortunately I fell and broke my ankle … but I was thankful I was able to serve the people of that community. It made the trip worth it!
I’d like to share a little tid-bit that somebody shared with me … that may help you understand.
I saw a video about how much gold Iraq had … and I also saw a post where someone said that Iraq didn’t have enough money to pay for the RV.
The world will never pledge all of their gold against a currency. They will pledge a small portion of gold and a small portion of their assets (commodities, exports) – that way their country cannot be taken over in a hostile manner.
For example … if Cuba said they wanted to be 100% gold backed currency … but if their “dictator” pledges their currency to do a trade … and they pay for it with their currency … and their currency drops … and all of the sudden they call-in and say …
“you know what, we want all of your gold … you owe us all of your gold.” Well if that happened … that country would collapse because their monetary system collapsed.
You must remember ... there is NO WAY any smart country is going to pledge 100% of their gold against their currency because then they stand the chance of not being a sovereign nation and be in control.
YOU MUST UNDERSTAND THAT … especially if you are listening to anyone who is telling you that !!!!!!!!!!!!!!!!!!!!!!!!!!!
As of today … DATE and RATE is NO LONGER in my PIF forum … let alone in KTFA! It will not be a topic of conversation. Posts about it will not be approved! We are past the point of talking about that! People can figure things out for themselves because things are tightening up.
FRANK: TS made a good point about gold. We are interested in gold. Look at Germany … last year … they told the USA … we can’t pay our bills … can we have our gold back? The USA didn’t give it to them.
Australia asked for the same thing. Ever since Nixon took us off the Gold Standard (in 1973) – we’ve had problems with other nations … almost like a financial and banking cancer. Our nation has a lot of resources. It will never be 100% backed by gold.
Delta are you there? Please share your Arabic translations with us.
DELTA – Great to hear your voice! I miss you a lot and I can’t wait for this to be over. All good news. I agree with you 100%!
All of this comes from the Iraqi News – no rumors, no speculation. All factual information. Obviously no one knows exactly when this will happen.
The “acting governor” of the CBI (Ali) … he knows he will be replaced.
They know they need an official Governor of the CBI and board of directors.
No one (except certain people) know when the monetary reform will take place.
An official announcement was made on the CBI website (in Arabic) … on June 9th … notice sent to all foreign currency companies (that transfer money to Iraq) … they wanted to increase the dollars/capital abroad … the CBI will do that for them … for a small fee. ‘
For every dollar they buy … they will give them 1 dinar. Let me repeat that … for every dollar they buy (from the CBI) … it will cost them one dinar. Again … every dollar will cost them one dinar. This is NOT a rumor … this is an official announcement … posted on the CBI Arabic site on June 9th. Are they giving us something here? I’m not sure.
So why would the CBI sell ONE DOLLAR for ONE DINAR? Why would they do that … they can’t make any money doing that because right now … they (the CBI) are making 13 to 21 dinars per dollar that they sell.
The 2nd thing we had was from Iraqi TV … the dollar is dominating in Iraq again – breaking records in all of Iraq. The exchange rate is close to 1340. About 1,400 dinars to the dollar. The media is slamming the CBI big-time because of this. Isis is out of the news.
They are talking about the CBI all of the time. If you have the solution to a problem – are you going to take care of it. Right now … it appears that the CBI doesn’t care anymore.
Why don’t they care about the exchange rate anymore? People used to slam Shabibi all the time … why not now? Because they know that the new change is coming. They know Ramadan is coming up … and the citizens are all talking about the high prices to buy things.
They can fix their problems by changing the monetary policy. The citizens, the GOI … everybody knows a change is coming.
After these 2 amazing articles … we have this one … where Iraq went to Turkey to talk to banks to sell international bonds … (behind closed doors) … was the credit system. This is excellent news!
We all know that Iraq has to move forward.
The acting Gov. of the CBI said they had the green-light on March 3rd to delete the 3 zeros.
They will increase the value of the IQD.
The articles say that things must change sometime next month … and after they make that change … they no longer will use the USD.
When they said they were supposed to get a 800 million dollar loan from the IMF … which hasn’t happened yet … because as you know … in order to get a loan from the IMF … a country has to show seriousness about a monetary change.
Iraqi TV stated that all of that money was going to the CBI reserves – they are getting it to show their credit rating. Some people didn’t believe it … because they go to other forums. But what happened two days ago? Articles came out.
Basically if Iraq is not serious about making a monetary change … they are dreaming … they’ll never get the 800 million.
Iraq is one of the most wealthy nations on earth … but yet they have no cash on hand.
It takes about 7 BILLION dollars a month just to cover salaries in Iraq. So what’s 800 MILLION going to do for you? Nothing.
Can’t you see what they are doing? They have the budget passed and everything is done in the Gazette … but they don’t have the liquidity … and only ONE THING CAN SOLVE THAT! The CBI must change the monetary and currency reform and basically give their currency more value so that way they have more liquidity. They told us that!
Why do they need to do the bonds … the sovereign bonds?
Because it’s a law now. It’s in the budget. They must start selling them.
Parliament said that the Iraqi dinar would be very close to a dollar. Abadi said that change is coming … that the wealth of the citizens will return like it was before the sanctions.
Again this is NOT rumors … this is from the CBI.
Is something going to happen during Ramadan? Ramadan is basically fasting – they don’t eat the whole day (during sun-up) for 30 days.
Let me make something clear. During Ramadan (June 17th to July 17th)... life and work still goes on. Banks are open. It’s business as usual.
Remember … when the CBI reprinted the new security features on the 25k and 10k notes … they distributed those last year during Ramadan. So Ramadan is not a holiday. The CBI can change anytime they want. Anything could happen.
Parliament comes back on July 1st.
In order to get their credit rating … they must be Article 8 compliant … and the currency must be tradable INTERNATIONALLY!
So for them to go to Turkey in the last 48 hours … and have important meetings … for the final stages to issue these bonds … that may be an indication family that change is coming. Change is coming … and it will be a good change!
FRANK – I’m looking at your postings on Live-Stream … let’s take a couple of questions. We are not here to give you a date, rate or time frame.
QUESTION - Is Article 8 compliant done yet?
FRANK – in my opinion … no.
DELTA – No sir. They are working together to accept Article 8. That means that everyone has to follow the rules. It’s a one-way street. No mistakes otherwise it would be a disaster.
TS – No … not Article 8 compliant yet. I believe they are ready to do it in a professional manner – could be done very, very quickly so that it’s not leaked out.
QUESTION – with Dr. Shabibi being back in Baghdad – that’s very telling it’s it?
FRANK – yes it is. He’s been traveling (for the last month) all over the place … working on the bonds. The UK and Germany will be the #1 buyer of those bonds.
TS – you are 100% correct and so is Zerb. Bonds will play a huge role in the final act of this. IF you go back to the EU situation … from my personal knowledge … not based on intel … because of my knowledge with bonds … notice the country is in trouble. Notice what are they required to do to strengthen their own currency!
QUESTION – Can you explain the 1 to 1,400 ratio again?
DELTA – in the market … if you go to the CBI website … the official rate is 1166 … and the market rate is 1,335 to 1,338 … but remember there are no lower denoms. They can’t make change – for the last 10 years. People ask me … well if they come up with a 50 dinar note … won’t they need change?
Family, the nation of Iraq is the only country in the world where you don’t get change back. They don’t have lower denoms like they used to. Everything is rounded-up in Iraq.
So right now … if you had a dollar … and I go to the market … and I want to buy dinars or something … they are going to tell me that dollar is worth about 1,300 or 1380 to 1385 dinars.
I can give them a 1,000 dinar (because they have a 1000 note) … 300 with hundreds … but there is no longer a 50 dinar … so now you have to round that up to 1400 or even 2000.
TS – let’s take it a step further. Think about big contracts … millions and billions on contracts. Paying someone off in USD … in return … they’ve got to pay you more back in dinars …
giving the CBI back more dinars than what they would have gotten if it was at the program rate or the current rate or even the market rate – because they can’t make change. It’s taking it a step further … where the bigger money is at.
DELTA – Absolutely … that why they use dollars because you can’t do anything with 1,400 because you can’t make change. And everyone is complaining about that.
TS – that’s very true Delta … but the US … the contracts that have been written in USD … the auctions that they are hiding are HUGE numbers … and those numbers do play a role in the big picture of them bringing in extra dinars on every contract … even though they are paying in USD.
You see … they’re not paying in dinars … they are paying in USD to those contracts that are international – bringing back in the 3 zero notes into the CBI.
FRANK – remember … if the CBI is now going to be in a position to work with the brokers … if they want ot increase their foreign currency … come on in and we’ll sell you the Iraqi Dinar … or the USD … (1 USD to 1 IQD) … how will they make money? LOL!!! All this is in Arabic … no one knows about this yet!
They are in stealth mode for the monetary reform right now! iTeam is in SILENT MODE – which is the highest form of intel! Loose lips sinks ships … SHUT THE FRONT DOOR! In the last 48 hours … there is no news about ISIS or DAASH on Iraqi TV. Wait until you see what’s going to happen with these bonds!
QUESTION - How will these [currency] companies maintain something like this?
DELTA – the private bank and the state owned banks will be busy … will be much bigger … giving loans to citizens, etc.
TS – did you guys catch how many publicly traded banks have been added to the ISX lately?
FRANK – slowly they have been bringing these banks back. Once we know that Shabibi is happy … you’ll see something.
TS – Remember when I told you in Mexico … we’re not allowed to talk about “time” … but the actions are falling into place … at light-speed right now.
FRANK – the more that Dr. Shabibi talks … the better for all of us because he’s the horses-mouth!
We only need to pay attention to the CBI … we are so blessed to have Delta to help us translate these articles!!! Arabic is very difficult to read.
QUESTION: Do you believe that the amnesty law has been passed?
DELTA – I do believe we are watching that and the investment law (IMO). We may see some type of emergency meeting during Ramadan. ‘
Without the investment law … Article 8 isn’t going to make any sense at all. IMO … no more laws are needed because if they went to Turkey and talked to them about bonds for 2 days … what are the requirements for them to sell bonds? An international rate!
TS – my BOLD statement on this is … and this is not from any agency at all … this is from family that is going to Turkey for a reason … the laws that are needed have been amended enough to put things in place to put to move the MR forward … and then use that as a tool … to get the laws right what they wanted.
Right now they are holding it hostage. And when they hold it hostage like this – it gets nowhere.
If you get some of it passed – now you have something to work with. Keep in mind they are not a new country starting from scratch. Things have just been modified – that’s how government works.
My family is very involved in bonds. That’s how I became a part of this. This is a sensitive topic … but it’s not any kind of rule-breaking secret. It’s about properly buying bonds and being protected.
You want to be protected and my family is buying bonds. We have bought bonds before. We are buying more bonds. The price has gone up … and that’s how we know that contracts get paid … and that’s why NO ONE has been paid in dinars.
This quote that “people are getting paid – and paid in dinars” … is the biggest BS in the world!
They are government contracts that have been settled out in USD and they use the dinar to secure the payment of the dollars! And whatever the value of the dinar was … they raised it or lowered it … based on what they felt was best that everyone agreed to. END OF STORY – THERE IS NO CONSPIRACY!!!!!!! NO CONSPIRACY AT ALL !!!!!!!!
QUESTION - What is the status of the HCL?
FRANK – iTeam definitely saw it. iTeam knows that it’s in the 2015 budget. When will they open it? God only knows. When will they pay the people? God only knows. I wouldn’t worry too much about it.
TS – there is plenty of money once they do it … even if they’ve spend 90% of the lower rate … they’ve got 3000 the amount … of what the old rate was … to increase it to pay for whatever is left for this year and next year. I’ve done the math. It’s there.
There’s also one other thing. Not agency involved … there is an update on a spreadsheet that is public record that I don’t think anyone else picked up on it – because it’s one of those things that you’ll miss.
QUESTION: When is the meeting in Turkey?
DELTA – That meeting was Monday / Tuesday (tomorrow) – basically it’s almost over. One meeting is done. Wrapping up tomorrow … talking about the credit rating. Turkey is close to Iraq.
FRANK – this meeting will reveal a lot of information from Dr. S. and what he did.
QUESTION: Is Parliament working?
FRANK – yes … this is going into their 3rd year. Despite the heat and Ramadan … they are moving forward. That’s impressive!
QUESTION: The IMF and IRAQ’s foreign minister is in China right now? Any significance?
TS – I think it’s because China and Iraq want to do some import/export together … products that they will need in a hurry. BTW – meetings in Turkey are underway and going very well.
QUESTION: ARTICLE 50 restraining CBI’s independence?
FRANK: It will be a nuisance … but not important.
DELTA – When the GOI capped the CBI by 75 Million … the CBI appealed to the court to fight that. Either way it’s not going to be a problem because when the monetary reform takes place … no one in Iraq is going to want to buy USD’s anymore. If you look at the CBI website … they are doing more than that anyway. They’re not really following the rules.
TS – they are actually posting the 2015 numbers on a different part of the spreadsheet. They are moving things around. Why? I don’t know. I’m not doing anything illegal – I’m just good at what I do.
From December 2014 to June 1st 2015 … they have doubled their money in the CBI. Doubled it!
And it was not a small amount of money. In 6 months … they have doubled the amount of cash in the CBI … on the spreadsheet for everyone to see and it is a fact because it’s on the CBI is spreadsheet.
Thank you for your thoughts and prayers! In the end of this new beginning … coming together between our 2 forums … we have brothers and sisters that can help in different ways! It makes us stronger.
Notice who is still around doing the right things! Frank & Tink … I’ve got to know them. If you visit our PIF forum … our admins run that forum just like the great admins do at KTFA. Leaders can’t do good things without great people!
DELTA – Great news! We just got confirmation … the Iraqi bonds are no longer in the pipeline anymore. Remember when I point that article out about a month ago. They are no longer in the pipeline anymore. That means they are about to be issued. We are very, very close!
TS – Delta, that’s why I was able to confirm what you said about 15 or 20 minutes ago. Because I got a text that our bid was accepted on the ones that we were acquiring.
DELTA – That’s amazing team work! The UAE bond is out … now just waiting for the Iraq one to come out. It could be any day now. That is very significant!
TS – even though we can’t do dates … I told him when it is … it’s because of the bonds … it’s right on track! I hope to meet you soon Delta!
DELTA – it’s an honor! Frank and I talk about you (TS) a lot. Thank you again TS. I’d like to thank everybody. I love you all.
FRANK – I’ve been with you 4 hours and 12 minutes … I think we did pretty good. Please join AggieDad on Tuesday for Bible Study and Will on Wednesday for our Liquid Biocell. Watch for Dr. S to talk even more.
Call ended with prayer.