So this is now they are going to delete the zeros WITHOUT them LOPPING the CURRENCY!!!!!!!
So while it may not give them much power of purchase … for those who have accounts … for those who have money … when the CBI announces that change … it won’t affect their wealth.
Meaning … if you had a million DINARS in the bank … once you exchange it … that million DINARS … (at .85 cents) … will be $850,000.
But in Iraq … about 9 million people in Iraq have no money and they live check-to-check.
Out of 33 Million people … only 1% are wealthy.
The cost of living … food … everything is expensive in Iraq.
So now the plan of the CBI is to introduce lower denoms with more VALUE … so what’s going to happen is … automatically you’re not going to see the 25,000 dinars … you’re not going to see the 10,000 dinars …
and whoever has money … they can go to the bank … open and account … which about 10 to 20 million people will have an account … that never had one before.
So the good news is … every investor outside of Iraq … they are all going to be rich. Keep in mind … the .85 cents for Iraq … that’s not the true value.
The article said today … by them coming up with a new currency … they will be international. That’s Article 8 … which must be a TRUE VALUE … around .85.
The exchange rate has to change no matter what to become international.
I hope I cleared up some confusion. You have to be very, very careful when trying to translate articles.
That’s my report.
FRANK: You just made a masterpiece … thank you! May I ask you a handful of questions Delta?
DELTA: Yes ... but I really feel that this may be the last conference call. ;)
FRANK: I appreciate that … and I’m not trying to give anyone false hope because I got a message from a lady today who said that she is tired of me saying that I don’t care when the RV happens because she and her husband are about to lose their home. I apologize. I do care.
Delta, would you agree with me that we have been seeing articles since last summer … teasing us … we’re about ready to change the value of our currency?
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DELTA: Absolutely! We don’t know the date but the Iraqi citizens are waiting for this.
FRANK: How many articles have we seen that say that are going to raise the value of their currency … constantly teasing … hopefully before Ramadan? ;)
Question … How many articles did we see they are going to release a 50,000 and 100,000 dinar note?
Answer … ONE article! One article. ONE stinkin’ article … that was mistranslated … that perpetuated across the internet … like it was something factual … when in actuality … we were seeing a sea of other articles stating that they were going to lift the 3 zeros. One article was able to weaken people that much.
I have a feeling that Maliki was the problem … with the counterfeiters, etc. I think we will now see people start to pour into the bank. The 3 zeros will still be in existence.
DELTA – Yes … when you hear that … that should actually get you excited family … because that means that the notes that you hold are still valuable right now … for however long it takes to phase them out.
That means that you don’t have to rush to exchange … they should have 2 or 3 different revaluations after the .85 cents.
FRANK: At least … over a year and a half at least … .85 to a dollar something … to $2 something … then an RI in the 3 range to a 4 after they RV.
DELTA: At some point they should get close to the value of Kuwait.
FRANK: All along the value has been increasing … while many were impatient.
If they don’t get this done by Ramadan … they are going to continue to work … which is sacrilegious to work during Ramadan … the Peshmerga army will continue to protect during Ramadan. This is a year of expectations and exceptions.
These zeros will coexist for awhile, aren’t they?
DELTA: Yes … they might not even cancel them. They’ll phase them out over time. They are not going to screw-up people who helped them out. We are seeing 3 to 5 years to exchange them out.
We got the confirmation from the CBI … they have more than 98% of the money supply in Iraq … 98% in the vault in the CBI … that is why they are flooding the market with USD’s right now.
Remember when the CBI said they were going to reprint the existing denoms … (only 5 Trillion). Now if you have … <<< *** sorry audio break up here *** >>>
They will not lose a dime after the reserve.
Ration card (food stamp) … they will give 25,000 to those who qualify (which is only about 6 million people) … and those 25,000 notes will cover them for an entire year … (are you kidding me) …
that’s about $21 to cover the whole year.
Now we know what’s going on … if they come up to .85 cents … and these people had … let’s say $21,000 … that will force them to open up an account.
Just to let you know … $21,000 is nothing. In Kuwait … each year their citizens get “profit sharing” because of the oil … remember when the Kuwait government told the citizens that whatever debt they had would be paid off … and they could go to the stores and shop for groceries and the government would pay for it?
We think this will go before Ramadan. A lot of stuff is connected. The credit rating, etc.
We believe that he CBI is about ready to release the 50 dinar note … if they don’t it will be a disaster.
FRANK: There is no way we are walking into a LOP!
DELTA: Do you think that the Kurds would be happy to put their language on a 50,000 dinar note? Hell no!
Why would they do that? Why would they spend all of the money to print a 50,000 when you can take two 25k notes and come up with the same thing?
They have done an excellent job of confusing people … and I don’t blame them.
FRANK: I feel like the citizens. They have been hoarding the 3 zeros … but they don’t have to fear things anymore. We (that hold dinars) it’s now our turn. I think that we’re in that process right now. We are super excited about what we are seeing.
DELTA: They have to raise the value. Why did the World Bank give them money? No more loans! They won’t get another penny from anybody until they raise the value of their currency.
Without money … you have no security!
Libya the exchange rate is .74 … and they’re problems are ten-thousand times worse than Iraq’s.
FRANK: Bingo! Bingo! Bingo!
DELTA: DAASH just came out with a new currency … and they claimed their value at $4.00. (LOL!)
FRANK: Yeah … ha ha ha … they beat the RV! (LOL LOL LOL) The IMF’s plan was ingenious … QE my foot!
DELTA: This is amazing! The World Bank never gave out a loan to any nation with like a 1% interest rate. They need to get this done. Private sector … everything … the CBI is ready to pull the trigger!
FRANK: Any final words?
DELTA: They need to reduce the money supply … fix the payment system … it will bring a lot of jobs to Iraq. I’d like to thank you and hope we have helped. God bless you all! Hopefully this will be the last cc … but we’ll see.
FRANK: How’s that for a conference call? ;) I am very, very happy. Be at peace with God. Please don’t look for a date. Know that I pray for those who look for a date. I know that a lot of people are hurting.
I love for you and pray for you. Please pray for me. Money is necessary … but not the solution.
I don’t want you to have a love for money … (and I know you don’t) … but have a love for God first … and He will take care of the money. If you are leaning on this money … I don’t think that money will not help you. Lean on God. Lean on the cross and remember what it did for you.
Call ended with prayer.