Transcription by: Love's Love (Scott) PD
The Call Squad CC
Tuesday August 2, 2011
Patriot, Joey, Vic, Tim, Scott, Steve, Diana, Deb, Pam, Yukon
Patriot describes a variety of missions, objectives, style, sources, and intentions of the squad that can be heard at the beginning of every call replayed on the website: www.thecallsquad.com . See very interesting free documents and downloads often referred to on calls, for your edification. Especially look for our ‘Freedom From Intel’. This is an official document which is the Unclassified US State Dept. report called ‘The Iraq Project’. It has been the blueprint for rebuilding Iraq written in 2002. They are still following this plan very specifically, so there is no need for rumors or high placed contacts with so-called intelligence. This is the plan and we help you analyze the news media reporting the steps as they are completed.
The Call Squad broadcasts: Sunday thru Friday, 8pm to 1am EST, even after the RV
Or call for Replays of every night’s calls: 760-569-7699, pin 637255# or 194924#
Joey: Hot off press:
Dinar Regain Glory and Coins in Our Pockets Soon
Sattar Jabbar Ghazzi
Posted 01/08/2011 07:23 PM
Central Bank will soon begin to lift the three zeros with the advice of international economic organizations
Baghdad? A Deputy Governor of Central Bank of Iraq that Iraq began the restructuring of the involvement of the currency of international economic organizations focus on raising three zeros and the development of new metallic currency.
The appearance of Mohammed Selah, told the people that "the central bank agreed with the international organizations on the process of restructuring of the currency and support the level of the value of the Iraqi dinar against foreign currency (dollar)."
He pointed out that "the process of restructuring, which will begin this week will focus on providing appropriate climates to raise three zeroes from the local currency in addition to the development of simple coin for 500 dinars and 1,000 dinars."
Read More button on right
And that "the level of the local currency will evolve during the next five years, according to the structure established by the Central Bank, which will address the economic gap of the past."
"The current currency exchange Atertqa backward and to the level of advancement of the Iraqi economy and to address the gap and inflation during the next phase."
He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq. The Iraqi government has denied holding any change in the local currency this year to reduce inflation. The local currency of Iraq has passed in the history of changes to several, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the former regime. The main tasks Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Joey Cheers and explains: CBI agreed with ‘international economic organizations’…Can you say IMF?
He pointed out the process of restructuring which will begin this week? Can you say Yippeee? They’re focusing on the appropriate ‘climates’ (or conditions and specific situations to develop) to raise three zeros ( aka: redenomination) from the local currencies and, for introducing 500 and a thousand dinars. (The Low Denominations)
Joey: They’re bringing out a thousand dinar coin and lower notes, I guess they’re not lopping, are they?.
Patriot: This is MONUMENTAL!!!
Joey: last paragraph he even refers to the IMF expectation of August 2010 to August 2011 and the accomplishment of key economic developments; reminding them that the IMF said it is the responsibility of Iraq, and now they are ready to declare, with the IMF’s approval, that they have succeeded.
Steve: Why would they intro duce a 1,000 dinar coin if they have a 1,000 dinar note? Because the notes are worn out, or will wear out more quickly.
Joey: Shabibi said the coins will be the medium…so they want it to be durable
Vic: Vegas casino owners say trained workers can recognize a counterfeit chip from a 100 ft, faster and better than they can recognize fake paper money. So that is another reason, they are more difficult to counterfeit.
Patriot: Agrees, Coins are much better, durable, and more difficult to copy than paper. Don’t forget, they’re bringing out a thousand dinar coin AND a 100,000 IQD dinar note…I don’t think they’re going to LOP.
Deb: From now on the LOP needs to be a 4 letter word
Patriot: With 23,000 cars coming in, and all the contracts that have been signed for jets, port construction, payments to citizens, homes to build, and on and on ….they need money now.
Joey: ‘With advice of International Organization’, and who recommended Aug to Aug? IMF who is listed at the bottom of the article
Steve: Got an Email Question from Melvin to explain this part of that article…
"the level of the local currency will evolve during the next five years, according to the structure established by the Central Bank, which will address the economic gap of the past."
"The current currency exchange Atertqa backward and to the level of advancement of the Iraqi economy and to address the gap and inflation during the next phase ….
Steve Answers: What we’re seeing is the beginning of phase 2, and over the next 2 years, the economy will grow to exceed China as Hillary has stated; Iraq will be the number one economic power in the world. There is nothing to be afraid of because we are at the precipice of a very big and positive deal.
Joey: Agrees, and reminds that they plan in 5 year stages, we are starting the next 5 year period, ….God only knows where the dinar will go. Natural Resource and Economic analysis calculates estimate that they could (someday?) afford a $16 per IQD value.
Vic: I’ve been saying that the democracy the US is establishing in Iraq is really starting to have an effect on Iran and their people, not to mention the whole region. The Iranian leaders, through their press, are really showing their jealousy. Listen to this:
Press TV: Iran Central Bank To Present Rial Redenomination Bill
Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani says the bill to drop four zeros from the Iranian currency, the Rial, will be submitted to Parliament (Majlis) within the next three months. “We will have meetings with Majlis lawmakers and we will offer necessary explanations in this regard,” Bahmani said in an interview with IRNA on Monday. “If we can garner the complete support of Majlis this – in other words dropping four zeros from the Rial – will happen smoothly,” he added. The CBI Governor believes that currency redenomination is a good idea, and says this is the result of a 24 month study and would strengthen the national currency. http://currencynewshound.wordpress.com/2011/08/02/press-tv-iran-central-bank-to-present-rial-redenomination-bill/
Vic muses and chuckles: The CBI (Central Bank of IRAN, not Iraq) to drop 4 zeros off the Rial in the next 3 months, it’s funny how the story is coming to the end, the Persian Gulf or Gap is not that wide anymore, now Iran wants to do what Turkey did and is following Iraq. This is from Press TV. Iran is following our beloved Iraq. I love it!
Patriot: Thanks Vic, and pre-cautiously jumps back up to Joey’s last statement; to stop the rumors, we are not saying it will RV at $16, just saying that it could, but that would be likely far into the future, it could be a $16 IQD to the dollar in several years.
Joey: Thinks maybe in 5 years it could be very high.
Pam: Does think that too many people would take a $2.00 RV tomorrow, but after a small transaction to pay some bills, I’m gonna hold.
Agreement the leaders on a number of important decisions
At the invitation of President Jalal Talabani, leaders of political blocs met on Tuesday 02/08/2011, at the Peace Palace in Baghdad to discuss outstanding political issues and the issue of security training with the U.S. side.
During the meeting, the leaders reached and the heads of political blocs to a number of important decisions.
In conclusion, In a press statement announced by His Excellency the President that the meeting "was very good agreement was reached unanimously except reservation brothers Sadrists on the subject of training the U.S. but the rest were in agreement," after the ceremony, Deputy Prime Minister Dr. Rose Nuri Shaways two statements issued by a meeting of leaders and heads of political blocs , in the following texts of:
"rAs a complement to the remainder of the initiative of President Barzani has been agreed on the following points:
1 - Draft of the National Council of the Supreme policies agreed upon send to the House of Representatives for approval
2 - form a ministerial committee based the results of talks agreement Arbil about the rules of procedure of the Council of Minister mainly to work for consensus on the rules of procedure.
3 - the formation of a committee of deputy prime ministers:
A - set in collaboration with the Secretariat of the Council of Ministers flaws in the constitutional balance at the level of General Manager and above in the ministries' headquarters, and the corresponding in the security ministries within two months.
b - Committee depending on the results of the survey to establish a mechanism suitable for raising the defect and is not detrimental to the specifications and asset management.
4 - provide the Iraqi names of candidates to the Ministry of Defense and the National Alliance for the Ministry of Interior kswithin two wee ks specifications acceptable approved by the masses of the three. "
added Dr. Rose Nuri Shaways "The draft law of the Council National policies of the Supreme will be sent by President Talabani to the Council of Representatives. "
As he read the Deputy Prime Minister the second statement, which read:
"met with leaders of political blocs today at the headquarters of the Presidency of the Republic headed by President Jalal Talabani to discuss the security training with the U.S. side.
It was agreed that attendance at mandate of the Government of Iraq to begin talks with the U.S. side is limited to training issues under the strategic framework agreement to Iraq's need for training.
should be any relationship is determined in all its aspects to promote the full sovereignty of Iraq.
watching the political leaders of talks to consider any final agreement with the U.S. side.
must These are the talks in a spirit of friendship and cooperation. "
Summarizing: They agreed to meet all the terms of Erbil. The meeting held at the Peace Palace was to form a ministerial committee and implementation of Erbil. The countries assigned deputy prime ministers work for the next couple weeks in order to go forward.
Joey: Let me throw this in: This came out too; it was talking about the CBI:
Central Bank Iraq: Do not fear the dinar
01-08-2011 | (Voice of Iraq) - Baghdad - Hisham Abdul Wahab Confirmed adviser to the CBI the appearance of Mohammed Saleh, the «central bank sales of the currency stable and concerns on the value of the Iraqi dinar fall». He said in a statement to «life»: «This supports the transparency of cash in the policy of the central Iraqi official interest rate in Iraq is closer to a guide to interest rates than a direct monetary mechanism, given the limited size of the banking sector and underdeveloped capital markets». He referred to «the absence of obstacles to the development of sales and raise the level of average sales». On the subject of the development of coins for financial trading, explained that «Iraq is heading to the development of coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives, because it is a strategic plan will help support the Iraqi dinar's value in the trading of financial». Sets «central» Iraqi exchange rate at auctions conducted by the journal of the coin, and the average sale of $ 140 million, an average exchange rate of 1170 dinars to the dollar. He noted that the benefit to the «project coins in 2004 was not successful, because it has not been as comprehensive reforms to support the financial value of the Iraqi dinar in the world market». He pointed out that «the coins will be the important medium of exchange value which is used for simple banking transactions in the trading Interior». And the Iraqi Central Bank announced on 22 June last, he decided to restructure the local currency in order to develop the payment system in the country. Also showed the International Monetary Fund in August last support of the Iraqi economy in the event of his number of economic measures, including the allocation of banks and raise three zeros from the local currency and the payment of debts and compensation is the responsibility of Iraq. The main tasks of the Iraqi Central Bank to maintain price stability, monetary policy, including exchange rates, management of foreign currency reserves, issue currency and management, as well as to regulate the banking sector. Dar Al Hayat
Joey: As I read this next one, think about Basra: Building a port in conjunction or partnership with Kuwait; and 500 workers are being sent to build houses, other maintenance projects, and to regulate the port, does it seem like they have any major issues that could delay progress?
The implementation of projects in Basra a trillion and 162 billion dinars
Baghdad (IBA). The Minister of Construction and Housing, Eng. Mohamed owner Hady Al-Daraji, said that the ministry was implementing projects in the governorate of Basra in the building of the residential complexes, roads, bridges and public buildings more than trillion amounts to 162 billion dinars.
An official source in the ministry said that the ministry had signed the signature of the contract for the construction of a road in Umm Qasr – Al zobair with an Italian company, funded by the World Bank, he said that the draft of roads and bridges in the province will witness a big development.
The source pointed out that it was the work of implementing the bridge, after explaining that he would be sent to achieve as soon as possible, as well as the establishment of the foundation stone for a housing complex in the province, including 1416 housing units, carried out under the supervision of the National Housing Authority one of the ministry.
Vic: Reading the next one about their economic and security progress; remember the BP oil contracts that got signed in the past couple days (also proving HCL is done) where Iraq must protect the oil fields since they have to pay these big oil companies for the risks they take, whether the oil can flow or not, from attacks.
F16 fighters to help Iraq halt borders transgressions, State of Law MP
Monday, August 01, 2011 17:24 GMT
A Member in State of Law Coalition headed by Iraq Premier Nouri Al Maliki said on Sunday that transgressions on the Iraqi borders cannot be halted but by using F16 fighters and added that the sovereignty and reverence of Iraq in the region will not be complete without these airplanes adding that Al Maliki’s announcement of the willingness to double the number of bought airplanes is great news for all Iraqis.
MP Ahmad Al Abbasi said during an interview with Alsumarianews that the fact that the government doubled the number of bought F16 airplane is great news and pointed that it’s good news because a country that does not have air coverage cannot defend its rights and belongings.
Al Abbasi added that during the last period Iraq borders were transgressed so many times and it is not possible to protect the same and to halt these actions but by having a strong air force since helicopters cannot cover a large area.
Member in State of Law Coalition said that part of the state dignity comes from having diversified arms and added that Iraq’s sovereignty won’t be complete without these airplanes. However he discarded that the fact that Iraq has these airplanes might affect its neighbors.
“If Iraq has 36 airplanes that don’t mean that they will be used to fight against neighboring countries” Al Abbasi said, adding that the policies of the former regime created the idea that Iraq has arms to fight against its neighbors.
Iraq Premier Nouri Al Maliki had said during a press conference in the parliament headquarters that the F16 contract will be doubled and Iraq will buy 36 airplanes instead of 18. Maliki added that the price of the airplanes will be paid from the excess of Iraq oil exports as oil prices increased.
Iraq delayed the initial purchase of the jets after putting USD 900 million of allocated funds into its national food program to ease pressure from Iraqis protesting against poor basic services.
Vic: Well, I guess they’re spending money, Joey.
Joey: Lots of money and especially they’ll be spending when you start thinking fractional money, soon.
Joey: This next article is just an example of the industrial sector that will flock to locate operations in Iraq, to invest in the access to Mideast Markets:
Iraq's car factory shows road ahead By Reuters
Tuesday, 2 August 2011 3:50 PM
In a country only slowly recovering from the impact of war and economic sanctions, Iraq's state-owned car assembly plant is a hive of activity. Workers bustle around, fixing tyres and bumpers on to trucks. The sprawling plant in the town of Iskandariya, 40 km (25 miles) south of Baghdad, is filled with brand new vehicles.
It has contracts with Scania, Mercedes-Benz and Renault, and has also linked up with China and Iran, importing car parts from those countries to be assembled in Iraq where China's Chery, as well as Toyota and BMW, are popular brands. Within 10 years the bigger components should be produced in Iraq and the goal is eventually to manufacture a vehicle that is 100 percent Iraqi. But most of the country's dilapidated factories are still lying idle more than eight years after the U.S.-led invasion. Some were looted while others are located in areas that are still considered unsafe.
High electricity costs, neglect, a huge overhang of workers at state factories who cannot be laid off, lack of investment and the influx of cheap imported goods also impede recovery.
Iraq's industrial sector contributes only 2 percent to the country's gross domestic product, according to the central bank. In an effort to revive the sector, Iraq has pumped $2bn over the past three years into some of its 260 factories, owned by 76 firms. "Most of our factories were losers," said Adel Karim, a deputy minister of industry and minerals. "Now we have eight companies which are profitable and by the end of the year we hope to reach 20."
The State Company for Automotive Industry, established in 1976, lay idle from 1991 until 2005 when a series of contracts helped restart work at the plant.
It signed a $42 million contract with Volkswagen's Swedish brand Scania in 2008 to assemble 500 trucks and has also entered into deals with Germany's Mercedes-Benz and French carmaker Renault to assemble vehicles, mainly trucks.
In May, another contract with Scania was won to assemble 5,000 trucks and buses over a five-year period, with an annual production target of 800 vehicles.
As part of the agreement, Iraq must manufacture some parts, such as tyres and batteries, locally.
"Until June 2010, the company was considered a loss-making company and our sales did not exceed 500 million (Iraqi dinars, or $428,000) a month. We have currently reached 8.5 billion a month," said Adnan Razeen, director general of the State Company for Automotive Industry. "Within a 10-year period we will be able to manufacture bigger components of the truck in Iraq and this is our plan... to have a 100 percent Iraqi truck." Karim said one of the biggest problems facing the ministry was overstaffing at factories. Under centralised economic policies established decades ago, the government is Iraq's largest employer and has difficulty letting workers go, leaving state-run firms hugely overstaffed. The state car company finally started using all its employees this year. In 2010, 1,500 of its 3,700 paid workers had nothing to do.
Similarly, Iraq's General Company for Leather Industry needs only 2,400 of its 4,170 staff. Yet unlike Iraq's car assembly company, the leather goods firm, which was set up in 1936, is struggling to get back on its feet.
"We need investment, we need state funding, we need to train our staff and we need to protect the local products," said assistant general director Saadi al-Maliki. Maliki said the company supplies most of its leather shoes, bags and jackets to Iraq's interior and defence ministries, with only 5 percent reaching the local market. He said Iraqis tended to prefer fashionable Chinese or Turkish shoes and clothes rather than locally produced goods. One means of bringing in new investment is privatisation but, there too, excessive staffing is a hurdle, Karim said.
"The investor would dispense of a huge number [of employees] and would keep only 10 to 20 percent of them. That would have a negative and catastrophic result on the state," he said. As a result, Karim said Iraq was trying to unlock the potential of its industry through joint venture contracts with foreign and local firms.
Joey: Reads an article (no copy for transcript) about ongoing successes they are having in cracking down on the old guard and their old corrupt way of keeping power, through fear, intimidation, and corruption. She reads that the Anti Terrorism Commissioner, was arrested for bribery in Mosul. He was supposed to be working and leading the fight against terrorism and corruption, but he was a traitor and was bought off. Iraq security and intelligence had seized some operation and caught him red handed. He was allowing people to be released from prison to go right back out on the streets as enemy combatants, as long as they or their gangsters bribed him sufficiently.
Joey: This is the mission of and the reason for the extension of UNAMI; and it’s encouraging that they are rooting these corrupt people out. I think it‘s what Shabibi was struggling with for a couple years in order to cleanse and ‘sterilize’ the banks, not only of old systems, processes, and large denoms, but also of old management ways and the people who were not trustworthy. It was a major issue, and they may never publicize how many millions of dollars were lost in banks over the years.
Vic: Adds that surveillance to listen on cell phones, and other security development is getting tightened up a few notches. They’re getting better every day.
Joey: Yea, if they think our CIA and UST doesn’t know how to keep tabs on what’s going on in their offices, those building now have ears, to reel in the bandits, one dirty crook at a time, they’ll soon learn.
Steve: Found and interesting and uplifting feel good speech, appropriate as Ramadan arrives and a new era is launched for Iraq and the Region. This is a speech about or for special UN representative Ad Melkert, July 11, 2011, that was read to the UN at the end of the census meeting. It is about the Significance of every individual, not just as census stats or numbers… but each one, as a Human with aspirations.
by the Special Representative of the Secretary-General for Iraq, Ad Melkert, on the World Population Day
Baghdad, 11 July 2011
Today is a welcome occasion to highlight the new stage that Iraq has embarked upon after so many years of suffering and devastation. It is the stage of substituting the confrontation of the past for cooperation towards a joint future. It is the stage where quality of life will be the yardstick after long years when primarily survival mattered. It is the stage also of counting the people that make up Iraq: counting the numbers as much as counting the aspirations. In order to deliver services accordingly the one cannot be without the other.
On World Population Day it is important to be collectively aware that by October this year our planet’s population will reach 7 billion. It could be a baby in Iraq, let’s call her Soesan. However we may be faced with the conundrum that we will not know which number Soesan represents as part of the people of Iraq. For we know that there is an urgency to have the right numbers in place. It is highly doubtful whether the 29.6 million figure of 2007 is representative for the country or, in its breakdown, for the provinces. Yet the country needs to know and to act in order to know. Addressing the aspirations and needs of all Iraqi people, particularly the great majority of young people, in education, health care, housing, and employment requires basic knowledge of who is where. In order for a government to be able to effectively plan and provide for its citizens a census is a critical requirement. The information gathered enables civil authorities to understand the number of children who will have to be educated and how many schools will be needed to provide that education, how many women and men will need access to health care, or how many need housing. The entire social security portfolio relies on this information and without it governments simply are unable to adequately provide the people’s needs.
UNFPA the United Nations Population Fund plays a leading role in the implementation of national census exercises world wide. UNFPA launched 2010 the Global Special Initiative on Census to ensure that no developing country fails to carry out a Population and Housing Census either due to financial constraints or lack of technical capacity. In the Arab region the focus is on strengthening the capacity of national regional institutions providing support to cooperation initiatives and networks on emerging population issues, knowledge sharing and support for policy-related research and planning.
In conjunction with UNAMI, UNFPA has been working in Iraq since the 2005. In the last 3 years UNFPA has implemented a US$7 million budget to provide technical assistance to the Central Statistical Organization of Iraq to assist them in conducting a nationwide census. The census would provide the government with the information to help leaders and policy-makers to make informed decisions about the needs on the ground to reduce poverty and hunger, advance education, address health and gender equality issues and to effectively respond to humanitarian crises.
As a statistical operation, the census in Iraq will cover the whole population and all areas of the country. UNFPA as part of the UN Country Team is supporting this massive effort in Iraq. Unfortunately this process has stalled. And allow me here today to call on those representatives that have objected to the census that they should not consider a census an instrument of creating rights or entitlements. A census is a snapshot of reality, nothing less and nothing more. Issues of who belongs where or who should go where should be dealt with elsewhere, at the political negotiation table, and for that reason UNAMI has taken the initiative to invite all parties holding a stake in the future of the disputed territories to meet in the framework of the Standing Consultation Mechanism. Let the census take place and in parallel serious negotiations recognize the legitimate aspirations of all involved. UNAMI and UNFPA stand ready to provide assistance with this vital developmental endeavor and would urge decision makers to place this as a priority in the coming months.
As reflected in the Briefing Book presented to the Government in May, the United Nations joins the international community in its commitment to support Iraq in its efforts to address the challenges associated with population growth. Support comes through the numerous interventions in the essential social services sectors, aimed at strengthening institutions, planning capacities, and national dialogue on issues impacting the population at large. Policies, legislation and strategies to promote youth, gender, human rights and equality for all strata of Iraqi society are all means by which the Government of Iraq as well as civil society can be brought together in partnership and ownership of policies that will change not only the quality of life in Iraq, but also its recognition regionally and globally.
On the occasion of the World Population Day, I also would like to highlight the importance of reducing poverty and gender inequality, as these two issues are linked irrevocably with population growth. If properly addressed, it can result in the empowerment and participation of women and girls as agents of change, and as a consequence lead to the acceleration of human, social and economic growth as so much research shows, including in the UNDP Arab Human Development Reports. Soesan’s future is Iraq’s future. Youth critical importance in our programming; they constitute the largest driving force for changing our world and our future. We should ensure that every child is wanted and every child birth is safe. There are additional emerging population-related issues that have particular significance in Iraq, such as: displacement and migration, high urbanization and unbalanced geographic distribution of population, social integration of disadvantaged groups. Iraq needs the development of population policies and strategies that could explore the future trends and needs to ensure relevant planning for Iraq’s future.
In closing, I wish to take this opportunity to once again commend the Government and people of Iraq for the continuing commitment to address these and other challenges on a daily basis. While the census may seem to be about data and statistics, working for the future of Iraq is about its people, about Soesan, her brothers and friends and new generations that will shape the new Iraq by their own drive and by the support that the decisions of today will provide them for the progress of tomorrow.
Joey: Mr. Ad Melkert is the go between for Iraq and the UN; he’s a representative that is helping Iraq understand the requirements of the UN and for the UN to understand the progress in Iraq.
Deb: Comments on The Iraq Project, and how instrumental it has become since we offered it 3 weeks ago... and to see it come to life in the dinar community....to bring balance to all that read it. She relates how it finally appeared today as the TOP Read Article when she went to Currency Newshound looking for the headlines. She reads an email she recd: It talks about the 198 pages, and promotes the reason to read the report......
Thank goodness people are finding this document, and thank goodness we are getting this document out.
Patriot : Expounds on how this report can help people get off the roller coaster and tells stories of how all the squad can relate to that ride, but have found their way off, and onto the ground for more balance. But this site intends to help people track the news and how it applies to the sequence of steps on the road to RV.
Patriot: Reminds and suggests we get communication links with our congressmen and senators, to let them know we are watching. As wealthy persons, we’re about to become green people , not just either red or blue.
Pam: Relates how she has had dinar since 2005, she wishes they would have brought the plan forward as they say they’ve had this plan for several years. Why did they keep it under wrap and not share it?
Patriot: agrees, that this is too important not to share with the people. It would have made the last quarter of 2010 so much more easily and relaxed as we would have known there was too much yet to do, we wouldn’t have wasted an hour a week….let alone the whole week. Now they are ready, and the plan is recognizable in the daily news. Now is when the readers of the Plan should be tuning in. If it walks, quacks and looks like a duck, it’s likely a duck…..
Vic: wants to add something about the payments to the people, as last week we were discussion HCL laws and recent oil contracts that indicate the HCL laws are done, and this, that, and the other….and Kuwait receiving more money, over a billion dollars recently, so I’d like to add the following:
This puts more icing on the cake, and verifies that the research we do, and the time we spend preparing, it seems like even the UN is listening to our calls. Listen to this:
This sheds a lot of light about Mr. Shabibi’s declaration regarding any country or corporation who presents a legitimate claim against Iraq, and whose case is sound, Shabibi committed to doing whatever necessary to make it right in order to go forward and put Saddam’s ugly past behind them. He wants to limit any outstanding issues that could come out in the future.
Vic reads from article (copy not available for transcript): The Union has approved the release of another $1 Billion from the US reparation fund to Kuwait government bodies and corporations to pay for assets lost during Iraq invasion of Kuwait in 1990; Iraq has now paid 33.3 Billion of the 152 Billion…. the 1 B comes from the 5% cut of Iraqi oil sale revenue that goes to the UN controlled DFI fund from 1994 to 2003; 5 companies and 4 other bodies will receive claim! As usual The UN will not disclose the recipients by name or nationality.
Vic stops reading and reminds us: All of a sudden TODAY, Iraq takes control of its commercial air space from the US. Hence, Iraqi airlines will be taking to the skies with British assistance. Do you remember a claim with a lawsuit pending between Kuwait Airlines and Iraqi Airlines? Iraqi Airlines must have paid them recently. It seems that Kuwait Airlines now has no more problems with Iraqi airlines, and growth in the area continues every day!
Steve: A question is asked about the meaning of the word ‘restructuring’?
Patriot: Basically, redenomination.
Steve: Question: What does it mean to ‘drop or lift’ the three zeros
Patriot: It means really good things for you and me. It’s another way to say restructuring or redenominating their currency. It means they are going to be introducing lower denominations of currency like 1, 5, 10, 25, 50, 100, 500, and 1,000 dinar notes (and some coins in some of those denoms.) It means they are ‘sterilizing’ their currency market by pulling out or taking out of circulation over the next couple years, the larger denominations like most of us in the USA hold. The low and high denoms will coexist for some extended period of time, perhaps as long as two years. This is good for us, because whatever ReValuation that occurs simultaneously (or soon thereafter) with the release of the low denoms, that value will also be the same value for the large 3 zero notes we hold. The value will be the same! It happened here in the USA at least 50 years ago as we moved to a more digitized economy and big money transfers like cashier’s checks became more commonplace. They took the $1,000 dollar bills out of circulation here. Now today, if you still had one of those bills, you could still take it to the bank and get 10 x $100 for it. Or you could get 200 x $5’s or 1,000 x $1’s; of course it’s a collectible today, but …it’s still worth a thousand today at the bank! They removed it because it was cumbersome at the cash register; and the custom of writing checks was growing, and the digital banking accounts systems were developing. So with checks, there was no reason to walk around with large wads of high dollar bills for large purchases. An article a week or so ago said that only about 15-16% of the people in Iraq even have a bank account. They just flat out don’t trust the banking system; and that was true in our country as well. Ask your grandparents what they think about banks, or anyone who lived through the Great Depression. It took a long time before they trusted banks to receive their pension checks, or to have SS checks deposited. My great grandparents never got to where they would trust the banks, they preferred the greenbacks and that’s how they did business every day.
Email Alan, question asked from article yesterday about the 1 dinar = 1,000 dinar purchase power issue:
Patriot: Based upon the Glory article (first one) we read tonight that says that they are going to initiate the currency change this week and that included introducing a metal coin worth 1,000 dinar, and they are still talking about even smaller dinar denoms, we think it’s a translation issue, but in that article Joey read, it is supposed to start this week.
Vic: It’s based on the VALUE! It’s a translation issue for one thing; but it refers to value, not volume or number of IQD in the denomination, but the value of each; the value rate will be the same for both units of volume, the 1 IQD and 1,000 IQD. If 1 IQD is $3.33 (hypothetically), then the dinar value is the same for each of the 1,000 IQD; the multiplier is the same, so it would be 1,000 IQD x $3.33 = $3,330. Or 25,000 IQD x $3.33 = $83,250. So again, the currency or ratio of dinar contained in a note is different for each separate denomination, but the value of each individual dinar contained in the various denominations is the SAME. It does NOT mean that a thousand equals one, it means that the MULTIPLIER for each dinar is the same. The translation makes it sound like the two notes will now be the same, but it is the rate value that is the same! They are assuring people they will not lose value in their tattered large denominations with the upcoming ‘redenomination’ or ‘bank swap’ of the low notes. Like when we break a $100 dollar bill into TEN x $10 notes, we don’t lose a penny of purchasing power, its just easier for making change. In their native language, this makes sense to them.
Deb says a couple letters understand the Erbil is done and they have implemented to go forward; so if this is true, along with what Joey has been reading every night, how can they do this without an official announcement? And who is in charge of it until that announcement is made?
Joey gives a great synopsis of what and how the RV will go public:
I don’t think they’ll ever make an official public announcement! Have you ever heard anything official from anything they’ve done? They’ve told us before that they don’t want any fanfare. They don’t want anybody to be into their business. All along they’ve been doing this political tap dance for them to figure out when to RV their currency; and for them to decide how to inform their public that the troops will be staying for a longer time. It seems that everything was to have been decided by June 30th. June 30th was their deadline and yet they’ve never made an announcement. Yet you see in the news like the one they reported today, that they were going to make Mr. Shalami the Defense Minister, then they report that no, they can’t have him as the Defense Minister because Mr. Maliki doesn’t like him. And Mr. Shalami had told us a few weeks ago that he didn’t even want to be the Defense Minister because he was the Minister of Culture…then they told us that they had absolutely decided, that whomever Maliki chose could be the Defense Minister ….because Maliki had nominated Mr. Obeidi, but Allawi and Barzani said no, you can’t nominated Obeidi, because it belongs to us to choose, but then they decided after some negotiations that Maliki did have the right to choose because he was the Prime Minister, that it was his responsibility to run the country and that he should be able to surround himself with whomever he wanted. So when you read all of the conflicting reports, through all of it, we were told that Obeidi received the majority of consensus back on July 9th. He may have received it before then because we think the deadline was June 30th. So if you’re waiting for an announcement from Iraq, I can tell you that even when this currency RVs and the rate goes live, I think we may see it on Currency Newshound or Dinar Vets, or Al Sumeria news. Do you know what we’ll see from the US Media? We’ll see a little bitty ticker on a couple news reels stating, oh, by the way, the Iraqi Dinar has new value. They don’t want any attention. There will be no announcement
Deb: Thanks Joey; Maleah, Karen and Steven, I hope that answers your questions for you.