Call Notes Post By BulldogFord65
BulldogFord65: Hello Family: Here are tonight's CC notes. Have a peaceful night, and a blessed day tomorrow!
"The righteous cry, and the LORD heareth, and delivereth them out of all their troubles. The LORD is nigh unto them that are of a broken heart; and saveth such as be of a contrite spirit. Many are the afflictions of the righteous; but the LORD delivereth him out of them all." Psalm 34:17-19
Frank26 IQD Conference Call Monday, July 22, 2013
• Frank began the conference call by reminding all that KTFAlways is a Christian-based website, the name is Keep The Faith Always; Frank asked all to keep our faith in God, that the dinar is blessing we can use to do the Lord’s work, but our faith is in God
• Frank began the conference call with prayer, and the reminder that we should not wait for the dinar blessing to occur to serve the Lord, we should be serving Him now, and have proper priorities; Andy lifted the prayer with the shofar horn blast
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• Frank thanked everyone for their prayers in his behalf during his procedure last week
• Frank also asked everyone to please take care of their spiritual health and physical health; will you be around to enjoy the blessing? Will you be spiritual and physically prepared when the blessing occurs? Frank encouraged all to have proper priorities and to strive to be healthy spiritually and physically
• I Team is protecting VIP’s and take them to/from meetings; meetings start at 9 AM to 11 AM, adjourn, then meet again 9 PM - ?? whenever needed; most meetings occur in the Green Zone
• Last week, M offered B a “blank check;” why did he do that? B is not a numbers guy; B also demanded a census; this “blank check” is huge!
• Walkingstick Post 174 7/21 thread: Iraq infrastructure 2013 will happen this year, large projects in housing, construction, education – this is an invasion of international business!
Why would any big conglomerate be busting down the door to Iraq now??? When we see international investment pouring like a waterfall into Iraq, it is a strong signal they are going forward and not backward!
• Sager post: someone asked if we need to see the rate before the HCL? Sager replied that in his opinion, we should see the rate before the HCL; in Frank’s opinion, we will not see the rate first, they are doing this behind closed doors; Frank’s opinion that we’ll see both together (rate and HCL);
Walkingstick also replied that we should see borders and the census as part of the package with the rate and HCL; Frank’s opinion that Walkingstick is likely correct; the theme of tonight’s call is “The Deal”
• Recall about a month to 1 ½ months ago, M and B had a meeting, then met with international bankers and leaders, now another meeting with M and B, B asks for several things, including a new census – M agreed to all B’s requests (“blank check”)
• Frank has many teams around the globe, and he communicates with them in a variety of ways; there are key words that they look for; read post 311 from Sunday’s (7/20) thread; the banking sector shackled – read and understand this article!!
• Banking systems and monetary reform is going well in Frank’s opinion
• World Bank praised Iraq’s banking sector reform – this leads to monetary reform!!
• 7/21 thread Post 108 by Dinartowncrier: interesting how Citibank and Standard Charter banks looking to exploit the potential in Iraq but navigate the pitfalls – what potential??
If currency not increasing, what potential?? Notice that the international companies leading the investment in Iraq are BANKS; do we think banks would be going in if the currency is going to remain worthless?
• “They will never see the keys to their shackles without a rate” – Frank believes at the meetings at the UN there were resolutions made before UNSC vote to raise CH7 – but they will not allow them into CH6 until they raise the rate; CH7 lifted to allow all that’s going on with the banks now to be legal, but will not go into CH6 until they raise the rate; resolutions were made with Iraq and the GOI!!
• Franks and his teams have not seen anything negative since CH7 lifted, only M attempting to get a third term, which was quickly shut down
• Remember when Frank said if this was not done by April, the citizens will tear apart the country? The citizens know what’s being done and are patiently waiting
• There have been more killings and violence since Ramadan started and the GOI does not care; also the POTUS does not care about the American people – look at similarities between the leaders: no budget, against their own people
• UNSC has resolutions that Iraq will do what they need to do and raise the value, coordinate the GOI and the killings will stop
• In franks opinion, the killings kill the census
• CBI doing an excellent job of controlling the value of the dinar to the dollar, showing they have control even with the volatility in the market, the CBI is keeping the rates close
• Citizens in Basra complaining about physical damage to the currency but it is not being replaced because no go for LD’s to be released, and the CBI is still pulling in 3 zero currency, they don’t want to release it again
• Iraqia TV does not lie, it’s one place that truth can be found
• Frank ignores questions on the forum that continue to say/ask that nothing is happening with the dinar; go do our homework!
• HCL was “The Deal” for CH7; CH7 lift allows the international investors to legally come in, but Iraq is still shackled until they raise the rate – cannot go into CH6 until it happens
• The killings need to stop, it is killing the census, and the census is needed for HCL and for B because he demanded it
• Oil and energy parliamentary calls for passing the energy laws
• Frank and team’s opinion that census is about to be done, followed by the HCL/rate together; in Frank’s opinion, may see it all at once; when?? Don’t know, there is no date or rate
• There is a call for calmness in Iraq – advancement of a pattern
• Formation of committees to follow up on HCL; Article: differences in political between Erbil and Baghdad have been lifted – that’s a major change in pattern! Goes on: The absence of oil law leads to procrastination of the operating intercompany in Kurdistan region but if crisis for countries legality – so lifting CH7 solved the legality issues; political tension between Baghdad and Erbil easing
• 7/21 thread Post 138 economist continued low rate against the US$, in the last paragraph – slight decrease in the sale of the US$ to 1120 IQD-- keep paying attention to this market trimming, policing – the numbers keep getting smaller! Keep watch! It’s important
• Frank will not speak any more about Dr S after today, Dr S now reports only to the IMF
• Did I Team get into any kind of trouble? NO; I Team report: the heat was NOT the problem causing the day off last week; there are daily meetings from 9 – 11 AM and again from 9 PM to whenever they are done; meetings in Green Zone but some outside of the Green Zone, but there has been a change -- I Team no longer inside of the room during meetings
• I Team report: if the GOI keeps dragging their feet, the IMF will raise the rate
• I Team report: the date and rate has been negotiated, there is a date/rate, but will come out from the UN first; it will still post on the CBI website probably between 2 – 4 AM whenever it does happen; Frank asked I Team if this is a rumor? I Team said no, not rumor
• Eagle1 came in at this point and said that the IMF is very “antsy” about the rate being released; Frank said he agrees, the IMF is very agitated and unhappy with the delays coming out from Iraq
• Frank watching for laws to come out, the friction is not as severe as it used to be, then B will come to Baghdad and all will be wrapped up; M will go to Erbil first, then B will go to Baghdad; also see election amendment laws; silence on Dr S until all charges against him and his team are dropped; from now, do not ask anything about Dr S
• Walkingstick post 148 banking sector shackled by outdated legislation (old laws) that do not fit the change (monetary reform); important article and picture – pay attention to it!
• Article: Kurdistan law makers there is a convergence between baghdaad and erbil; delegation ot negotiate at any time
• Walkingstick post 155 deprive Kurds of their land -- why did Saddam want to take away land from the Kurds in Kirkuk?? It’s in the heart of the lake of oil!
• House of Representatives will raise next Wednesday more bills, more laws (8), and hopefully finish 4 this week, and publish in the Gazette, they are very important for us -- this year, they have been working on laws, and past 2 weeks, working on laws
Eagle1 came on the call at this point
• Frank continues to remind: THERE IS NO DATE OR RATE!
• ISX traded today at 1.3 billion share, with 5.4 billion in revenues – there was no $ or IQD sign, only numbers in the report, so E1 calculated: comes out to 4.22 per share -- IQD doesn’t work, so $4.22???
This is a rate we’ve heard about before but E1 has dismissed it, as it didn’t fit with his budget number calculations; does it mean the rate will come out at 4.22? NO ONE KNOWS!
Trident did analysis of ISX from 1930’s up to 1990’s, the rate was 3.22; the behavior was consistent up to the program rate in 1990’s, now that ISX is up and trading post-CH7 sanctions, they are following the same patterns (some of E1’s comments were lost when the phone lost power, try listening to the CC replay); there have been 2 decades of inflation since the 1990’s that make it easy to correlate what the pattern could be – appears trading range is $4.2 to ? (some conversation dropped due to phones)
Memphis came on the call at this point
• E1: Posting on Bloomberg sale of oil
• (Memphis was not clear at all, very hard to hear; please listen to the CC replay)
• Memphis: expect to see mainstream media talk about Iraq and all that they have accomplished, sale of oil – not talking about currency, just about progress in Iraq, this is a change in pattern, he will continue to watch
• E1: Fox Business News especially in the morning programs make off-hand remarks about what’s going on in Iraq (progress)
• Memphis: (comments not clear, could not note take, please listen to CC replay) said something about Basel III
• E1: Saw in USA that banks here were allowed to use IQD for asset value to become Basel III compliant
• Memphis: (comments not clear, could not note take, please listen to CC replay) something about deleting of information
• E1: statement about deletion of information: probably some are talking out of school, and others are denying; E1 believes the IMF is sitting on information they do not want the public to know; E1 believes were are there, he has report that they will try loading up on the ForEx and if all works, will go live with rates on Wednesday
• Frank: change of pattern in all we’re seeing
• Post #289 from Walkingstick and Megawatt (worked together on an article) Iraq officials divided over dinar reset, but division is over what information is coming from the CBI – it’s old stuff, but amazing, reveals change in pattern in monetary policy; change in economic system of Iraq
• Post 291 from Walkingstick: article that the dollar is dying, hope for return of dinar at 3.3 dollars
• For those not understanding the CBI auctions – again, they are using their own currency (IQD not US$)
• Megawatt on page 1 of 7/22 thread: the IMF recommended that the CBI release the rate to the forex market
• Post 437 predictions for fun
• Detroit’s woes send shock wave thru municipal bond market; why important? Sends shock waves thru many cities, destabilizes, spreads
• Dr S is being protected and believe he will be cleared of everything; he still waits for coordination and cooperation of the GOI to introduce data and laws – and we are seeing that happening
• Forex is next
• Frank closed the call with prayer and Andy lifted the prayer with the shofar blast