The IQD Team
Investigate, Question & Deliver
Thursday, May 31, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - May 31, 2012
760-569-7699 Pin 769478#
Straight Talkin Mike's Transcription of the Recap of Tonight's News
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed - the following is just Straight Talkin Mikes recap of the news discussed)
Basically the Central Bank is moving forward with their plan to bolster the private economy
We discussed they want to bring the private banks into the circle where the government controlled the two banks and all the banking transactions - they want to open that up and let the private banks have that - Its part of what they haven't done in their laws...there are small laws that need to be done
They talked about the money laundering and the CBI came out once again saying we've got a really good idea of whats going here...and theres really not alot of money laundering - what we really need to do is have an official exchange rate and banks that you can officially go to and get that exchange ratre that is happening now -
So now the street vendors are squirming and squirelling because they can no longer do business and make tons of money on what they were doing - because you can go to the local banks just like you can here and get the dinar cheaper than what the guys are selling it for on the streets at the exchange rate that the CBI has set
So they are excited - that's helping to stablize their economy and move forward with the plan - and they are moving forward with the things they need to get done inside their economy
Read More Link on Right
We discussed how important it is as Shabibi talked about last week to get the private sector moving - you have to grow ...you can give alot of value to your currency but if people are not working and they don't have any place to go and earn more and become productive citizens inside the economy then it just dies - so you have to have that private sector to support your economy....you have to have people who are bakers, etc...all those things that start up that everybody does to do the things that they do to make everything work the way it is supposed to work - People can grow and move out of the lower class to the middle class and they can start building and structuring their economy - when you work for the government you are just going to have one salary - it will raise a little bit - but there is no incentive for you to go out and start a business and do something different thats going to employ people and all that other good stuff
We discussed there is something going on with the No-Confidence Vote of Maliki - Talabani supposed to take something to the Head of the Parliament tomorrow - things don't usually happen on Fridays...so look for it Saturday or Sunday - looks like they were struggling to collect these signatures - line up and get all of their ducks in a row as we have said before - so they are moving forward
And there's always that last minute chance Maliki will just do everything expected of him and say okay pysche I was just kidding....everybody reset let's go back to what we were doing...because I really want to stay in power
It's truly more about getting this economy off the ground than it truly is what value that currency has to these people...Remember that - they are doing things to get themselves to a point where they can have the economy that supports what they have....they have oil....they need to have other things going other than oil - they have gold they have to get out of the ground - they have all of these things that they need to do in order to add value and of course they are still talking add value and give the stature back to it that it had - if they are using dolllars...I don't care what anyone says....at some point in time they have to make the dinar better than the dollar....period - or people won't use it...so it has to at least have the purchasing power of more than a dollar at some point in time for this economy to work - and that is why we watch this to see whats that is going to be and where it is going to be - Noone knows exactly whats going on - everybody can speculate whats going on with all of that but you cant
We discussed the Oil and Gas Law - as we have discussed they need to get it passed so they can get these contracts going out
We talked about how many companies running over to Iraq to invest.....they are not heading over there with the idea they are going to be broke or that it is not going to work out for them and they have much more to lose than we do - they have billions of dollars in these contracts and they are willing to wait and be patient for however long it takes them to realize what will happen with their investment dollars in the future
Everybody needs to think that way....lots going on ...and its all Good......
If you missed the discussion speaking about truth....what your beliefs are.....It was just one of those days you just shake your head.....All My Rumors....The Young and the Clueless..etc.
WORDS MEAN THINGS.....WORDS AFFECT PEOPLE.....WE TAKE RESPONSIBILITY FOR WHAT WE SAY AND WE CHOOSE OUR WORDS WISELY...PEOPLE NEED TO START TAKING THAT RESPONSIBILITY SERIOUSLY AND REMEMBER THAT...please listen to the info shared after the CBI news discussion...
And there you have it...
Straight Talkin' Mike On The Straight Talk Express
Bringing You Another Night of Positive News!
The I.Q.D. Team, Ltd.'s News Coverage
for Thursday, May 31, 2012
CBI / ECONOMY
Central Bank plans to convert the private banks to large financial institutions
Central Bank puts the controls to combat money laundering
Central Bank: Iraq gets more foreign currency than sell
Electrodes confirms collect 168 signatures of no-confidence-Maliki and Barzani, Talabani will hand over the lists to Friday
Damluji: We got the support of more than half the members of Parliament to present a request to withdraw confidence from the Maliki
Source: Barzani signatures will be presented to the House of Representatives Talabani today or tomorrow to withdraw confidence from the Maliki
The oil minister for "news": the House of Representatives to expedite the adoption of the oil law
FOR TARIQ IN IRAQ
Iraqi Young People : We have Our Own World
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion and Q & A
Listen to the call for all the rest of the news shared and more during the Q & A
SOME GREAT Q & A TONIGHT AS ALWAYS
We are getting closer every day......GET R DONE!!
Conference Call Replay - May 31, 2012
760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
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760-569-7676 769478# or 712222#