FrostyTheSnowman April 22nd, 2015, 1:15 am
TUESDAY NIGHT CC NOTES 21 April 2015
** The comments made by Frank26, TopShelf and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! **
PLAYBACK LINK: https://www.freeconferencecallhd.com/playback/?n=OTQCw/jhZru
FRANK: Let’s talk about the dinar … and we’ll finish this up in about 20 minutes.
Start with me on POST #186 … (yesterday’s thread) … and we’re going to review the posts where I talked to you.
Yesterday we gave a pretty good explanation of what is going on – and I’m going to guide you thru these posts.
POST #186 – BlueDog wrote:
“THE QUESTION IS THAT THE CENTRAL GOVERNMENT HAS BEEN SHIPPING OIL ...... FOR SOMETIME MAYBE I HAVE MISSED IT BUT WHERE ARE THE FUNDS AND TOTALS.... I GUESS THEY ARE NOT BEING TOLD TO US ............... BUT THE CENTRAL GOV WANTS TO KNOW EVERYTHING KURDISTAN DOES ............ SEEMS WE HAVE BEEN LED ASTRAY IN WHAT THEY HAVE REALLY ACHIEVED ........ HUH ......WE HAVE SEEN NUMBERS OF OIL OUTPUT BUT WHERE DID IT GO..... AND AT WHAT PRICE ......... AND WHERE IS THE BUCKS FOR THE YEARS OF SELLING OIL .......... AND WE SHOULD WONDER AT WHAT RATE PER BARREL... GUESS WE SHOULD JUST THINK IT WAS AT 30 ISH USD PER BARREL...... GUESS IM JUST LOST IN THE DARK AS A RESEARCHER ON THIS POINT.... CAN SOMEBODY PLEASE TELL HOW MUCH OIL HAS BEEN SHIPPED.... HONESTLY.... AND TO WHAT COUNTRIES AND AT WHAT RATE.... THANKS....... Bluedog”
FRANKS RESPONSE: Told all on CC last night : "The IQD is not tradable currency right now. They pay right now (with a rate unknown
to you) with oil, futures, bonds, etc. … because the Iraq banks cannot move money to USA banks right now until they are Article 8 compliant." Said: "How was the 30% of The Budget used at an unknown rate to us to accomplish that much and locked up the other 70% in a cave........ Do the same with the 70% NOW !!!"
They are … there is no confusion … they just don’t tell you everything all at once.
POST #193 – “Didn't Frank say the IMF said "NO" to a loan? Seems someone is confused. But not sure who...”
FRANKS RESPONSE: Not i. Some of these studies must depend on YOUR logic Friend ........ Not JUST my sequence of words shared............. To remove Your CONFUSION ............ Did You not see the articles last week where IMF said NO to any more loans?........... Of course You did. NOW ......... REALIZE that seconds after Your Monday CC the IMF ........... Does a 360 on this subject......... Why? [No … it’s not because they listen to our conference calls] … Because just like EVERYONE else ....... [and what we told you on our cc] … We and the IMF are in a long line that WAITS and SUPPORTS THE IQD !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[we have a deep relationship with this country … hundreds … maybe thousands of things are now imbedded in Iraq … and nobody is going anywhere … it’s just the constant “support” … WHY? Because we want them to lift the 3 zeros so that we can make money with this country] …
Even with HALF THE HOMEWORK done by GOICBI. [Yes we do]. We ALL are desperate to see THE DATE. With April almost gone did i not TELL YOU LAST NIGHT that there will be NOTHING on MR for the rest of this month? ......... Yes i did.
Therefore ........... DESPERATION carries the LAVA FLOW to [the monetary reform into] next month with ......... OUR SUPPORT [whether we like it or not … we are not about to abandon this!]!!! [So if you’re] Still CONFUSED? [Be strong!]
POST #194 – “I THOUGHT THEY TOLD THEM NO???”
FRANKS RESPONSE: [And I said yes] … OH YES they did ........... Got another thought?
[“They” are not about to abandon this project … just like you wouldn’t abandon building a million dollar house … if you’d already invested your time and down-payment, sweat-equity in it to start it.] We know we can finish this house.
POST # 196 – This is an article that WalkingStick posted. “Newspapers: Iraq paid their dues for “BP” in the form of British oil.
FRANKS RESPONSE: Let’s see … they don’t tell you their rate … or a rate that is unknown to you, etc. They don’t want you to see it. TA DA!!!
I’d also like to recognize that WalkingStick
This man is a Man among Men. You see.......... You also have to add another 40 K postings he did with us when we were a 501C3 at KTFM. Amazing Dedication to Humans that belong to God's Kingdom.
POST #201 - JJONESMX wrote on April 21st, 2015, 8:06am GMT: Looks as if the IMF; SAID AN EMERGENCY YES... TO A (SDR)... LOAN... HMMMM .... Little longer For IRAQ to hold on? I just don't know. ... very vague about the amount of money from the SDR .... Thanks walkingstick for the news ..... *JJ*
FRANKS RESPONSE: Dick and Jane saw SPOT run. But You JJ are ........... SPOT ON. [That’s exactly what happened.]
POST # 205 – “If the IMF is giving Iraq an emergency loan why the need for a RV. I do not understand why the need for a loan if they are about to RV. It seems to me that Iraq is doing just fine without the Rv. What's to say that this waiting period for the RV is not going to go on for months to come. This is so confusing.”
FRANKS RESPONSE: SAID !!!!!!!!!!!!!!!!!!!!! IMF loans are like the USA BUDGET ......... [You] ONLY [see the US budget from month to month] … enough for one month at a time. Because there is an ....... EXPECTATION of not needing many more [money] of them to get by before the RI/RV. Confusion is a state of mind that did not study with us as You took notes.
How much did they give them. I think it was around 700 Billion. In the time that Iraq sneezes … it will go thru that much money. It sounds like a lot … but Iraq needs about 70 TRILLION a month just to run their country.
That’s insane … because they didn’t print that much. They are using new numbers. Why did the IMF give them that money? It’s only to help them finish the month of April. Let’s see what they do in May. May I politely say … don’t be confused. Don’t throw your hands up in the air. Don’t give up about anything. Be strong.
POST #207 – Aggiedad77 wrote … “A number of you are questioning what the IMF is doing today with Iraq, against what Frank said PM Abadi was told last week....Abadi was indeed told no to loans.....however Finance Minister Zebari went to the IMF regarding an emergency type of loan....I believe this is what is being granted....the emergency loan....
FRANKS RESPONSE: “That’s right brother … and the end of every month … there is always an emergency loan to help them get by. It’s never at the beginning or the 2nd week.
and although they do not talk of the amount in today's articles.....the articles from last week were speaking in terms of $700 million dollars for this particular loan request. Time should tell us more on the issue.” NOTE: ONLY enough for less than two weeks ........ The remainder of this month's worth.
POST #209 – boxman wrote: “I believe he said they said no to Abadi, but [Frank] he also said that Dr S had asked for something...which was possibly this loan.. in one of the articles discussing this loan, Dr Shabbi was mention as one of the participants...IMHO”
FRANKS RESPONSE: FINALLY .......... [some] FREAKEN GOOD NOTES FRIEND !!!!!!!!!!!!!!!!!!!!!!! [very good boxman].
POST #211 – “The question now becomes, are the funds enough to keep Iraq "going" up to Ramadan or until after Ramadan!?”
FRANKS RESPONSE: [of course not] … Award winning question with the same value as an answer: %$#@............ NO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LOL
This is why you don’t have to throw your hands up in the air.
If Iraq asked you for $10 family … in order to continue the monetary reform into next month … would you give it to them … or sell back your dinars? LOL
POST #213 – DAK wrote: “IMO --- IF there is any Liquidity -- it must be in the black market.”
FRANKS RESPONSE: [BAM! … that hit me hard!] Brilliant post ........ Yes i agree so much !!! Been saying....Citizens take care of themselves with their own internal banking !!!
POST # 256 – harvestime wrote: “Frank, I know you have talked about this, but I need a refresher. You stated that the HCL is HOT. IYO only, will we SEE it before the rate change or after? Thank you for always being here for us.”
FRANKS RESPONSE: EVERYONE ......[every]THING .......Waits for THE RATE. The rate must come first because everything bows to it.
Once the 3 zeros are lifted … it will trigger the laws in the budget … it will activate the budget … and it will send every citizen in Iraq to run to the banks in order to get their currency … because it will be in lower denoms. The money that is worn and torn will not be accepted.
POST #262 – “No disrespect Frank but is this your Opinion or a fact? And if this is a fact were is the proof? Thank you Sir.”
FRANKS RESPONSE: [The question is … this loan that they got … is only enough to get them by for this month? Is this a fact Frank? And if it’s a fact, where is the proof?] The evidence of what i express is old. [in other words I don’t wish to answer your question again and again and again. I already proved myself with it.] For now ..... Take it solely as my opinion. Both USA [budget] [together] … and IRAQ BUDGET LIMPS month to month on the bare necessities for the last 11 years. How long have we been in Iraq? 11 years. Relationship Pattern established in stone [that I don’t wish to argue about or talk about with anyone.]
POST #264 – Blonkster wrote … “Interesting that the IMF would loan to the CBI, but would not loan directly to the GOI. Maybe just semantics here... maybe not. PM Abadi= "NO soup for YOU"; Gov Shabibi= "OKAY JUST ONCE MORE AND THAT'S IT". Are my suspicions right in guessing that Dr. Shabibi got more than just a $700m emergency loan, but also had some protection reinstated as he is globetrotting, playing "Let's Make a Deal" around the world?
FRANKS RESPONSE: [BRILLIANT! … you got it!!!!} Said on CC last night: CBI HAS THE MONEY ...... GOI ..... Does NOT.
I hope you are learning … because these were some great questions!
POST #273 – TA DA- Nearly word for word this weeks and last weeks CC!!!!!
Walkingstick » April 21st, 2015, 3:42 pm • [Post 273]
Iraq is close to bankruptcy and the Parliament urges the government to find solutions and the IMF provides emergency aid
April 21, 2015FayhaaEconomics , reports
The government is facing a big problem in the economic and financial management of the file due to lack of financial liquidity due to low oil prices and the arrival of the price per barrel to $ 50, Fajzana empty state came close to bankruptcy threatens the pay
Staff and necessary expenses for the Iraqi people ..
After being approached Iraq from bankruptcy came to visit the Prime Minister and his accompanying delegation to the United States in his bag a lot of files that are discussed with the US side, and the visit is gaining importance in terms of content and timing of
It comes after the achievement of Iraq's major victories against terrorism, which made the American side in front of the responsibility for providing support for Iraq in the framework of the strategic agreement between the two countries.
The Ministry of Finance, which is interested financial affairs ended a round of talks with officials at the International Monetary Fund, a global financial and other institutions in the framework of support for Iraq financially, while looming economic adviser to the prime minister that Iraq will go
To borrow from international organizations to resolve its financial crisis that gripped Iraq despite considerable since 2003 budgets and even the current year's budget.
parliamentary sources said that Iraq is on the doors of bankruptcy through a number of points: -
/ expectations not to Iraq's ability to secure the employees' salaries in the coming period
/ Access the budget deficit the size of the $ 25 billion
/ size of the debt came to about $ 79 billion
/ cabinet demand to stop all the charges and expenses that strain the budget,
visit the Iraqi government came in very difficult economic circumstances experienced by Iraq, making the Ministry of Finance is considering several options, including: -
/ request emergency funding ranges from 400 to 700 million dollars from the International Monetary Fund
/ guarantees of future projects in Iraq and lower prices imposed on investment projects and encourage the private sector
/ support Iraq to organize religious tourism operation in the field of infrastructure and facilities, religious Visits
/ Iraq sought to issue bonds international $ 5 billion to negotiate with Citibank and Deutsche Bank
Iraq talks with international financial institutions to crystallize Help Fund for Iraq in better current financial crisis, with the presence of international concern because of the crisis experienced by due to lower oil prices as well as entering a state of war .. With the deterioration
The financial situation of the country, the government of al-Abadi Treasury received empty because the size of spending over the past year came to about $ 171 billion, the largest number from the 2014 budget of about $ 50 billion .. Is the country out of the bottleneck after
That led him reckless policies of previous governments to end the Aihamd Akbaha and borne by the citizens ..
Report: Ahmed al-Abadi
This is an article from WalkingStick. This is step-by-step of our conference calls!
Ok … we’re done with that.
Here’s some DESSERT …
#1 – Dr. S asked for something.
What do you see today?
I told you … many of you will go “ahhhhh man!” … and will not understand it.
I told you NOT to pay attention to it. Don’t pay attention to it. Don’t let it bother you.
Yesterday and today … A + B = C
We’re not even going to talk about this outloud.
The way I separate my words with dots … I do for a reason … its how I talk to you.
#2 – Remember when I told you a WF story yesterday?
Did you like it? Wasn’t she sweet too?
You’re going to start seeing that in WF everywhere … across the country.
Want another one like that? Check this out …
“Good morning Jan and Frank … I saw a WF bank that had [an ad] for “Wealth Management” in their paper on Sunday. I called them today to see what they do. They handle people from this area … and that’s why they advertised this past Sunday. I said … “are you going to be doing any exchanges for the IQD for the investment or the Vietnamese Dong?” … He was asking me about IF and WHERE my dinars were. (After she went back home) … he [the Wealth Management guy] called me back and he remembered about an article about the dinar. He is sending it to me in the mail. He said that the closest WF bank to me was in Virginia … and I’m in XXXXXX. Quite a change in attitude Frank.”
The timing is … interesting.
Dr. S is being pushed tremendously. There isn’t anyone else but Shabibi now. Nobody. Nothing else matters!
Dr. S. is asking for a lot of things.
You just found out about ONE thing today … he is asking for a LOT of things. And this is good!
When we can tell you about them … you’ll read about them in the newspaper – like always.
He is moving fast.
He is being escorted.
#3 – What did I call the 4 banks?
BOA is the wholesaler
JP Morgan Chase is the retailer
WF is the exchanger
CITI is the bridge to the banks in Iraq
These four major banks have and will play a role in the monetary reform process.
WF attitude is changing and a lot of these other banks will come up to the front.
#4 – I got a phone call from Eagle1
He says … in the New Mexico area … he is helping me to find out which banks are playing “Wack-A-Mole”… and many of these WF banks still have their heads below ground … but every once in a while … one of them will poke up its head. LOL.
A New Mexico WF told someone on Eagle1’s team today that the WF Wealth Managers told their customer that he now has the authority to begin early exchange for premier clients.
Obviously nobody wants to exchange the IQD or Dong right now at their current rates … but the fact that they are now communicating … “advertising” … hey … “we exchange foreign currency” … and someday they’d love to make an appointment with you.
I am Abbot-Downing … and I have a 1-800# for you.
So I asked Eagle1 if he listened to our cc last night … and he said “no” …
Eagle1 said there is a rate … and it’s been showing for weeks … on the administrative screens … all over the country of Wells Fargo banks.
And I said … “well … yeah … you know … that can never be proven … and that’s not important … but why don’t you tell me that rate.”
And so he gave me an area code of 3 numbers … and I said … “well, I’ll be darned.”
I’m not going to argue with that.
Remember … no liquidity is killing the GOI … but also killing ISIS … on purpose. Kinda brutal … isn’t it?
I hope you enjoyed your conference call. I gave it my all … in all.
CC ended with prayer.