Tuesday, January 13, 2015

Mon. KTFA CC Notes With Frank26 and Delta: Posted by FrostyTheSnowMan

FrostyTheSnowman » January 13th, 2015, 6:38 pm

Due to many distractions last night ... I missed some significant points ... so I took notes while I listed to the replay today.

Heaven knows my notes can't compare at all to BullDogFord65's style ... but for those who missed the call ... or need a quick glance about last night's CONFERENCE CALL ... here's the notes I took. Hope this helps ...

*** OF COURSE ... all of these notes are in Frank26's and DELTA's OPINION ***
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KTFA CONFERENCE CALL NOTES - January 12, 2015

FRANK – They are manipulating the markets.

Wall Street Journal says the US economy is great. (yeah, right … LOL!).

If that the case then.............
....

Why has oil production in the US has literally been shut-down?

Why have food stamps gone up across America?

Why are kids moving back into their parents homes?

Why are there no jobs?

Why are utilities being shut-off in record numbers?

Our US economy is devastated!

IQD and VND holders are looking good.

Why is gold going down when the USD is going up?

Prince of SA says $100 per barrel … never again!

Oil will start to slowly go back up as of the 3rd week of this month.

The SA prince is telling the world (and the “12”) that the mission is accomplished. Basically telling the AOP that we have invested into Iraq. We have an embassy there again. We’ve invested billions/trillions. We just kissed somebody that we hate. The path to Article 8 is more than accomplished.

Can you please release the rate now?

The rate of 1166 is in the budget … but also language that says they can change that rate at any minute they deem necessary.

30 Trillion … are you kidding me?

30 Trillion was bought and invested in Iraq bonds? LOL -- That’s like investing in the ISX at 1166. There’s no reason for it.

The ISX is closed … there is a reason for that.

National Conference … maybe we’ll talk about that tomorrow.

Oil prices may start to go back up now.

The coordination and cooperation of the GOI and the CBI is incredible … these guys are working well together … moving forward. (The road to Article 8).

Delta believes that the President has already signed-off on the budget.

iTeam says “forget the budget … they’re just B.S.ing you with it” – it’s in the top right hand drawer of someone’s desk, and when they want it, they’ll reach in a grab it.

DELTA – We are on the verge of a big change.

Because of the oil prices, a lot of things moved faster in our direction.

Budget – how it works based on their constitution.

The budget gets passed by the GOI (Council of Ministers - they vote for it).

It then goes to the parliament.

Parliament usually reads it 2 times (not 3) and then they have open-discussion to see if any further ideas need to be implemented.

After that, they put the budget up for voting.

After the parliament votes for the budget it goes right-away to the President.

When the President receives the budget (according to the constitution) he has about 15 days to sign it or not to sign it.

If he doesn’t sign it, we start from square-one again … but that is not going to happen that way. The President does NOT have to wait the whole 15 days to sign the budget. He can sign it right away.

After the President signs it, it goes to the Gazette (which is the official newspaper of the Iraqi government.

From the Gazette it takes about 2-3 days which then becomes law.

Parliament met today (Monday) and they did read it the 2nd time and allowed time for open discussion.

Next Tuesday (Jan. 20th) they should vote on the budget. If not, it should be passed before the end of this month! And will be effective retroactive to January 1, 2015.

The good news is that for the 1st time in 11 years they have a budget that will pass.

For the first time they don’t have any political issues, all united, etc.

For the 1st time we see the three Presidencies (Parliament, President of Iraq, Prime Minister) they are all working together on one-page and basically agreeing virtually on everything … (unlike past GOI) … with exception of one issue … oil prices … because they keep bouncing back and forth affecting the budget – hence the delays.

About 3 or 4 weeks ago Delta translated an article … suggesting they are about to change the Monetary Policy … which gave a huge confirmation of Abadi talking for 30-40 minutes to the Parliament … about oil prices and what they are trying to do to benefit out of the Central Bank Reserve.

Legally, they cannot touch the CBI reserves … but they plan to help the local banks, give loans to citizens, and the GOI will take care of the interest to the CBI. Abadi said … “we are going to activate the Monetary Policy and Economic Reform.”

They must increase the value of the IQD which will allow Iraq to pay all of their debts (to the IMF, Kuwait).

On Wednesday of last week a meeting took place and the committee directors of Economic Issues said they are going to boost the economy and attract investors.

What a coincidence … what happened on the 7th and 8th? The CBI implements the payment system. The CBI asked each bank on the 7th & 8th not to do any electronic transactions.

The ISX went offline and said they would come back on the 11th. Some people speculated they were going to change the rate.

Everyone is waiting for the rate.

Waiting for the CBI to plug-in the new numbers. If you visit the ISX website, you will see that they still have an “issue” with the “feed.”

They need to go international. They have the platform. They have renovated the system. They did meet (the committee to do so) and we believe that they are finished and ready to do that.

The GOI, the CBI and the Parliament and the Financial Committee are all in agreement.

The only solution to cover the deficit is to change the Monetary Policy of the CBI.

Indirectly they are telling you that the CBI has to increase the value of the Iraqi Dinar to cover the deficit.

It’s that crystal clear family!

This is great news for us!

Some of us were thinking that they could drag this out till March or April or June of 2015 … but I have to tell you that in my opinion … based on the evidence that we got … that January 2015 we might see the rate change!

As a budget … we all know it’s ready. They could vote for it on Thursday.

I believe that the solution they are waiting for from the CBI (that could come up before they pass the budget) … all of the members of the Parliament are asking the same question … “how are we going to fix the deficit?”

The financial committee assures everybody that with the help of the CBI that change is coming.

The only help … the only savior that will save the GOI is the CBI – (which just happens to be working together in a coordinated way).

Remember, the CBI said a year ago … we can implement a deletion of the zeros and increase the value … with the right timing and the coordination of the GOI.

It’s all over the news. They’d like to activate the private sector and get everyone to invest into Iraq. But just one important thing is missing … the revaluation of the Iraqi Dinar … and Article 8.

IMO … we all know that 1166 is not going to help them at all. They have to come out very high. Because of the oil prices … and the deficit … they will have to come up to $1.49 to $1.50 … at the lowest at $1.00.

IMO - They are going to listen to the IMF and increase the value of the IQD.
 
 FRANK –I don’t care about the budget. The media cares about the budget. The reality is A and S are working together to lift the value of the IQD.

The 12 that own this planet … own the oil of this planet. They are pleased with Abadi.

At 1166 no one wanted to invest in the ISX. What they did do was bought secured bonds.
They are finding trillions of dinars that were smuggled from the past government officials. They have gazillions to back-up their currency!

Am I dreaming Delta or am I awake? Somebody pinch me! LOL!

DELTA – this committee … they researched how much value they had to give the IQD to go international.

Will 1166 attract investors? No.

Fact … they are about to increase the value of the IQD (not because of us) but because it will help them. The only choice they have to bring investors into Iraq is to change the value of their currency.

FRANK – IMO … Dr. Shabbi has been watching what the CBI is doing. The solution for the Monetary Policy is not to decrease the value of the currency, but to increase it.

This is the solution to everything (pay debts, etc). It’s not a mysterious thing.

Join us tomorrow for Bible study … info about Hawaii … and possibly some “IQD dessert!” (yumm!)

1 comment:

Anonymous said...

In other words these folks have no clue!