FrostyThe Snowman » March 3rd, 2015, 2:25 am KTFA CC NOTES 2 March 2015
** NOTE: These are the OPINIONS of KTFA, Frank26, and Delta. They are NOT intended to serve as any type of investment advice.
*** My apologies ... some of tonight's information was unclear due to poor audio quality. I replayed the audio, as well as the video (hence the delay in posting these notes) but still had difficulty in picking everything up. Please review actual recording. ***
KTFA CC NOTES 3/2/2015
QUICK REVIEW from last week:
- Budget was introduced in a public forum … published BUT still not in the Gazette. They are still working on it.
- Once it’s opened up … the inside … the mathematics of what goes where and who gets what.
- Do they have enough to support it? 119 Trillion dinars? That's insane.
- It can only happen if they add value to their currency.
- They are bragging that they are going to add value to their currency.
WalkingStick posted a news article today … “Parliamentary Finance hosts the Governor of the CBI and looking him Cancel zeros from currency.” Look at this article … looking for ways to cancel the 3 zero’s on the Dinar. Good clarity. Note – no confusion about this article. Abolish the 3 zero’s! No games being played here. They are going to raise the value of their currency. The evidence is pouring in daily. The GOI and CBI are doing this together.
We told you … the budget is not yet for your eyes … we told you … give it at least 2 weeks … because a lot of little things are still being done.
The reinstatement of the value of the dinar will be done “electronically” – and so will be the budget.
They are buying time before they show you the budget.
Investors around the world are eager to see this done as well too … and they are doing it!
Will it take another 2 weeks? What is the rate … date? (I don’t know).
The MR requires the removal of certain currencies.
CBI announced a few days ago … they going to remove the 50 IQD Note.
If they are going to remove it … why?
Articles say it’s due to “counterfeiting and smuggling.” [LOL -- Really?]
IMO -- this same tactic is being done with the budget right now.
Why isn’t the budget open right now? (It’s none of our business right now).
The CBI stopped the auctions. GOI started selling bonds. Do you understand what that means? It’s a new mechanism that the CBI is going to use with their currency. So they start with their 50 IQD note. Excuse me Mr. Finance Minister … that is the dumbest thing I’ve ever heard in my life.
What is the value of a 50 IQD Note? (about 3 or 4 cents USD)
What is the logic of removing such a note that is basically worthless?
Be careful where you get your information from. Don’t react so violently to the information you read on the internet.
Do you remember back when the USA … (around 1930 … after our depression) … they came out with these zeros … we had the $1, $5, $10 and $20 … and they came out with a $100, $1,000, $5,000 and $10,000 dollar bills. What happened to those notes?
The USA then went thru a economic revolution that exploded tremendously … and caused the larger zero notes to not really be used. Same thing will happen with the IQD.
The cost of dinars has gone up in the last month. It’s becoming harder for the dealers to get IQD. CBI has no liquidity. No broker gets their dinars from the CBI. Brokers of the IQD get them from currency hubs in the middle-east. The hubs are running out. My broker get them out of Jordan. So what happens when the CBI stops the auctions … and country’s like Jordan can’t get them as easily anymore? [Scarcity and demand – price goes up].
It’s fascinating what the CBI is doing! All the pieces are falling into position.
You don’t see the excitement right in front of your eyes?!!!
Iraq is trying desperately to go International!
Iraqi Stock Exchange just tested and passed SUCCESSFULLY the ISX60 and the ISX37 – which are instruments that measure the index of trading with the ISX. Just tested a few days ago to allow the extreme of the ISX to function internationally.
That is HUGE! … and you worry about the 50 IQD note when it’s only worth a few cents (USD)???
If you’re worried … call [an affiliated] CBI bank in the USA.
Example: First Place Bank 24247 Mack Ave. Detroit, MI 48224 1-800-527-4447
If you have 50 IQD notes … you could deposit them into their bank. (Only worth about 2-4 cents per 50 IQD note right now). Everyone in line behind you at that bank will be mad because what kind of change will you get back?
Citizens of Iraq are watching TV in Iraq … they see what’s going on. They are happy about the 50 IQD news.
The CBI/GOI is working together so well … Iraqi Citizens are encouraged to “deposit” those 50 IQD notes that are being retired into an “electronic” account. [Iraqi’s who traditionally don’t trust banks are opening account in Iraq to get rid of any 50 notes they have]. It’s working! The citizens are doing it!
Who has a WARKA account? If you have one … dump your 50’s in there. You don’t have to go to IRAQ to deposit them? No.
The security is being built tremendously – to go international to go with their currency and economy.
Pushing and shoving EVIDENCE of going international. Set up of treasury bonds – to reassure foreign oil companies. (12 Billion worth to reassure oil companies). Proclaimed by the Oil Minister of Iraq.
Why would you tell the citizens that you have a bunch of jobs available for them … unless the salaries are right behind them?
A bank is opening up in Iraq that is pushing/shoving for the removal of the 3 zeros.
Why would international banks come into Iraq unless the currency was going to be worth something? Why would they spend billions to come into Iraq … to only operate with a “program rate???” They know they are going to change the rate. (Example of international banks: Banks from Turkey and Britain). Just happens to be the same banks that have the contract rights to drill for oil in Iraq.
These banks (which are international) … are coming to support the confidence of the IQD and the international “credit rating” system.
Exciting times and you need to be motivated about!
Steady transformation coming into the international world!
Security is profound … but I can’t talk to you about it right now.
Our Teams can point towards “evidence” … (example: 50 hotels shut-down … part of the security). Wish I could tell you more.
Please pray for our troops & teams.
Peace and security is needed in the middle east before the value can be increased … and is being accomplished at such an amazing pace … it’s unbelievable. The enemy is being “herded.”
Please review POST #252 (yesterday’s thread) – House Committee hearing (about Syria).
We were looking on March 1st for the laws. They are in position … but not approved … [yet].
Once we see the budget opened (exposed) you will see a bunch of information.
31415 end of time frame study coming up. Let’s see what happens. We need a couple of more weeks to see what is coming … to get that budget opened. You can see it very clearly. Security is increasing.
EVIDENCE that is rather profound and obvious.
BTW – Some people would tease me about the price of oil. There is a reason why the budget isn’t opened up yet. The price of oil is one of them.
Another subject I was teased about … about 3 or 4 years ago … I said … “in the end, Hillary [Clinton] will be there.”
Interesting article in the Wall Street Journal today … front page … picture of Hillary Clinton. She is expected to make it official that she will enter the Presidential race … more than likely in April. She moved up her timeline. Inside the WSJ … a whole page dedicated to Hillary.
Interesting. IMO – we are very close to seeing the MR of the IQD. Good timing Hillary. Let’s see what happens.
Iraqi Art emerges from rubble of war … this is a country that is being pushed and shoved into the international world.
Do you remember 2 years ago … if you thought Iraq had a lot of gold … just wait until you see what more precious.
It’s not just gold, and oil … but there is water in their budget too! (You can’t drink gold or oil … you need water). They are working with underground pipelines.
POST #306 (yesterday’s thread) -- The Hunts family made their billions in Texas … not just from oil … but the water that was on top of the oil. (big smile)
Iraq is stated to the #9 in natural resources … Frank disagrees. He believes that Iraq is #3 in wealth in regards to natural resources … and his opinion … they will soon be #1.
Very exciting times as we end the journey has taken so many years. Honored to know you Frank!
CBI announcement about the 50 IQD note … surprised everyone. No one expected that. It’s not a bad thing.
The dinar used to be over $3.
The Iraqi coins and the 50 dinar note has never been popular in Iraq. (Equivalent of 4 cents USD - at the 1166 rate)
Reason they want to get rid of it … delete 3 zeros. They [CBI] doesn’t want it to interfere with the 500 Dinar note that they have. A lot of people got confused about that.
Are they going to lop? Of course not!
In Delta’s opinion … the rate is going to come up around 10 cents. So many indications showing that.
The reason … if you do it at 10 cents … the 500 dinars would be equivalent to around 50 dollars.
What will they do with the 50 IQD notes?
To a lot of Iraqi’s … they recognize the US currency better than their own. Because Iraqi’s use a lot of US currency … there is going to be a lot of confusion in the marketplace with this 50 and the 500.
Basically if you went to the market … even though the 50 dinar would be about $5 … they don’t want that to get confused with 500 and the 50.
When they [CBI] is talking about fraud … they are not talking about fraud with the 50 IQD … [it’s not worth anything].
They don’t want old people to be taken advantage of.
You hardly see 50 dinar notes in Iraq. Most people who hold 50 IQD notes are investors outside of Iraq.
I do believe that Shabbi said awhile ago that the 25,000 note … accounts for about 30% of the paper money in the market in Iraq.
The 50 IQD … they have about 9 billion.
About 90% of those 50 notes are outside of Iraq.
They are not going to delete the 3 zeros right away.
Based on Abadi’s statement … the rate could come out around 10 cents and free float over the next 3 or 4 months. Not sure.
People have 2 months to redeem 50 dinar notes.
For those of you who are panicking … you have a couple of options … you could send them to Iraq to someone you know … or you could exchange it at a center in Canada and Detroit, MI. They will buy them from you. (Most people don’t have a lot of the 50 notes). Don’t panic. You have about 2 months to take it to them. Some brokers will buy them, but they probably only will do it if you have a lot of them.
The CBI is trying to reduce the money supply a little more even though they can support the rate.
The CBI knows exactly what they have outside of Iraq.
Most people won’t bother to cash-in the 50 dinar notes because they are only worth about 4 cents.
80% of Iraqi’s use US dollars. 10% use Dinars. The other 10% have no money at all. No liquidity in Iraq and we all know that.
In regards to the payment that the GOI made to Kurdistan … the money [finally] arrived in the central bank in Kurdistan by private jet … but funds are not distributed yet (as of this moment).
Here’s the catch of the day/year that didn’t make any sense at all … but gives an indication that the rate will be around 10 cents.
We all know that the Iraq budget is 105 Billion Dollars … which at 1166 is about 119 Trillion Dinars (we all know they don’t have that kind of liquidity outside).
Kurds share of the budget is 17%. 17% of 105 Billion is roughly about 17 to 18 billion dollars. So if you did the math at 1166 … the Kurdistan part should be about close to 19 to 20 Trillion Dinars.
When Zarbani met with Abadi … Abadi said he was going to send the Kurds a payment. They sent 250 Billion Dinars.
Kurds part should be about 17 to 18 billion dollars.
#1 -- They never said anything about another payment.
#2 -- The Kurds didn’t seem upset about it – even though the payment seemed lower than expected.
When the CBI reprinted the 25,000 notes [months ago] … not sure if they let the cat out of the bag … said they only printed 5 trillion dinars. (Hence no liquidity).
That means they don’t have the 119 trillion dinars to give out.
#3 -- If the rate was about to come out at 1 to 1 … do you think the GOI/CBI would send the Kurds 250 billion dinars? If the rate was 1 to 1 … the Kurds would have 250 Billion Dollars. That’s not the deal.
If you take 250 Billion Dinars that the Kurds got … and calculate at a 10 cent rate … that’s equivalent to $25 Billion Dollars. That 250 Billion would be the whole share for Kurdistan for the whole year (at 10 cents).
*** (sorry … poor audio quality at this point) *** please listen to the recorded call
We all know that the GOI has a deficit due to low oil prices.
If the CBI increases the value to 10 cents … they can bridge the gap in the budget with the revaluation.
The meeting that took place about 24 hours ago between the acting financial committee and the acting governor of the CBI … talked about the deletion of the zeros. They talked about a lot things … and we don’t have a lot of details … but it appears that the CBI is about to pull the trigger. They don’t know exactly when but the financial committee knows that when they are ready … in the next 24-48 hours the ministries will start the distribution of the money. Very powerful confirmation. They might drop the 2 zeros and come up with about 10 cents. IMO -- It will start from there.
ISX – finished testing the system … waiting to go … waiting on the rate … waiting for the feed to go Int’l.
Qi Card – they said by the middle of March of this month … they will start distributing the money. They have a global contract with MasterCard. You cannot do business with MasterCard unless your currency is international (Article 8 compliance).
They said by the end of this month – the market economy will “kick-out”.
We are expecting something big to happen!
FRANK: You say that this process with the 50 notes will prevent innocent Iraqi’s from being cheated. Can you explain more?
DELTA - A lot of old people in Iraq that haven’t kept up with the news. Some vendors may try to take advantage of them. They may get confused with changing relation between the 50 and 500.
No counterfeiter will bother trying to reproduce the 50 dinar note. No point in spending 5 cents to print a 50 dinar note when it’s only worth 4 cents.
FRANK – will this process (with the 50 dinar note) … will that cause less confusion for the Iraqi people because they won’t be dealing with pennies/fractions?
DELTA – no doubt. The CBI doesn’t want their own citizens to have problems.
FRANK – The Kurds did not complain when they only got 1 payment. [Why?]
DELTA – it’s all about the money. It [money] used to be with Maliki. But now they [Kurds] are not complaining.
FRANK -- What happened in Diablo and Germany (with Abadi) … perfect examples of what could happen with the rate … as the GOI started to talk. Now the CBI can’t wait to talk – (as they meet with Parliament tomorrow).
DELTA: Everything is lined up very nicely. We don’t care about the rate because it can come out at 10 cents and free-float from there.
We know they don’t have 119 trillion.
Will they drag this out another month? I really doubt it. How can they? How are they going to send another 250 billion to the Kurds in another month? They meet every month. That’s about 1.8 to 2 trillion a month. That’s impossible. There is no way it can work that way.
Think about this … they cannot implement taxes without a better rate … which were supposed to go on the 1st. They can’t do that without the rate showing first.
FRANK: Here is iTeams report
Targeting Daash … strategically … M still has his roots in these fascist groups. Laws being passed to deal with Maliki.
Looks like iTeam is pushing Daash in a certain direction (herding them to control)
WS – can you find article … from Abadi … about a year ago? Finance committee … said we will not do the MR until we have security in Iraq.
Iraq has a phantom currency (no liquidity) – it doesn’t exist … and yet they brag about the fact that they are buying gold, etc.
Conditions they are not as bad as they are being portrayed. Gearing and clearing. Hoorah!!!
50 notes being phased out as soon as the RI kicks-in. They won’t replace them until the RI occurs. That makes sense – doesn’t it?
Media says Daash in Tikrut? (LOL) – iTeam says NO WAY!
Kuwait? (LOL) – Daash is not there either! They are being “escorted.”
DELTA: All indications are that we are very, very close. They have no money. No liquidity. 250 Billion for Kurdistan – does not add up at all.
We might do an emergency call if needed. Love you all. See you soon in Hawaii!
Please pray for iTeam and their crew.
The monetary reform is waiting for the military conditions to be finished.
Call ended with prayer.
Monday Night KTFA CC with Frank26 and Delta. Approx. 151 Minutes Long.
The first part is KTFA Business and the second part is Iraq/dinar Intel.
PLAYBACK # : 760.569.7699 PIN: 156996#