Investigate, Question & Deliver
March 29, 2012
Highlights/Summary & Replay of CC
Thanks to Brenda for the Summary
Conference Call Replay - March 29, 2012
760-569-7699 Pin 769478#
Straight Talking Mike Recaps and summarizes tonights news
(Listen to the recording for all of the detailed analysis of the articles discussed - so much great information shared-the following is just the recap of the articles discussed on the call)
We read that the Ministry of Finance spoke a little bit about the increase in the value of the dinar
Again we like to look at these articles - these articles are not exact articles - Shabibi is not going to publish his date, time frame or his rate in the news so everybody can run out and take advantage of whatever his plan is and wreck it or ruin it etc
He's put a guideline out there - starting to see everybody is saying things about the guidelines and it was a little different - talked about increasing the value of the dinar1st before doing anything else which is kinda new - we like that idea alot
Again they are floating alot of different ideas out there
They talked about a small increase in the rate and the CBI denied that was going to happen - maybe they have something that is a little larger
so we are going forward
They talked about the currency ring they busted up that was printing hard currency....American dollars over there
They talked that there seems to be a push on the street where the currency dealers are making a little bit of money because the currency is in demand and they are starting to let it go at a different exchange rate on the street - dollars seem to be drying up and dinar seems to be there...supply and demand kinda makes that adjustment..
You've got the food prices going up and people are probably trying to get there hands on the dollars
We discussed an article a few weeks ago they sucked about 200 million dollars out of their streets so people are starting to want that hard currency..ITS ONE OF THOSE PRESSURES WE LIKE TO SEE
beause they need to do something in order to make sure none of these things can take hold - Now you have people trying to counterfeit dollars because they are not there as long - interesting to see........again the CBI says they have control of the situation and they are not too worried about whats going on
The Summit by all accounts was successful
We talked about Kuwait ...we have a good feeling they ended alot of in relation to Chapter 7 - seems to be all worked out -there are very little problems - and NO problems emerged
The head of the United Nations stopped in Kuwait first making sure he got a good report from Kuwait.....then went on to Baghdad and got a good report and he delivered a report to the people in private at the Summit
We've all got a pretty good feeling that that should tie up everything with Chapter 7 - its just making sure that the paperwork
to officially do it whatever they have to do at the UN gets done
that may take some time...you may not see that in the news but again countries just need asssurances that this is going on so if they want to start investing and coming towards Iraq.
One of the things that Iraq wanted to do is get released from alot of their debt that was out there from Saddam Hussein
I'm sure they got assurances they got rid of 80% of the Paris Debt
They probably still have some other debts thats out there to some of these other countries they were looking to get forgiven - Qatar forgave alot of debt....they were like yeah if you guys just want to be like them please just forgive our debt...they will get some assurances..they will work that out and it is not a major concern for them because they have the oil production to negotiate these things down to something that is fairly reasonable - And again they really have to heal wounds..Saddam made alot of enemies - There is alot of distrust of Iraq just as there is in the regions that they need to pay their debts back and whats going on with that - want to make sure that they get paid
Iraq is like it is not fair to hold us to the sins of the past - its all negotating to get that out of the way
It helps them as a country....you want to have a little sovreign debt out there - those are all just minor things that this conference will solve to get them going
We talked about Iraq regaining their regional status in the Arab League which is good - It's recognition that they are no longer under the rule of Saddam Hussein that they are no longer a threat to the communities around them and the people around them and that is generally what this was to show - that they are not a threat any longer and that they are doing things to get there nation building and moving forward
The next thing that is on the agenda for them is we hope the National Conference this week coming up - next week...hoepfully they will get whatever they need to ironed out during that conference...hopefully the government can get done and they can get themselves on track with the government and moving forward because they are vastly coming upon on some dates that need them to be together for their new budgets - they need the money and the currencies to be put into the budget for next year with the new revalued currency..they talked about making the budget that for next year...now we are on a timeline...on a stretch
We talked abut Myanmar and the struggles that that country had -
How they are rich with resources...and low and behold on April 1 they are revaluing their currency
if you get a chance read that article please go take a look at it -
That is what a revalue looks like...not people dancing in the streets, not people running around screaming and yelling...its not a huge event..
it is a very small event that happens
The rest of the world gets informed that their currency now has more value - That their Central Bank is floating their currency and that they are going to have a valuable currency for the people in the country....
They will issue whatever denominations they need to issue
They will issue the currency they need to issue - dont know about the specifics what is going on there
They will do whatever they need to do to get everything in the hands of the people
They are revaluing....They increased the value of the currency
They doubled the value of their currency is what it almost turned out to be - after the first of April, we will find out if it is worth more than that
maybe double..possibly as much as a triple value in their currency to the US dollar - They are very excited about that and what it is going to bring into their country
We know that these things happen and this is an example of what goes on in the world today..........
Deb shares her email correspondence with Tariq this morning
Still in lockdown..blackout on cell phones....internet is up and down and is killing him...
Blast this morning was nearby him but he is okay
As promised I asked Tariq for the the callers from Tuesday night who asked about something they had heard - that the government was going door to door passing out pamphlets on Tuesday telling the people they could pick up their smart cards loaded with 1500 dinars on Thursday...His answer....This is a Rumor and not true at all...he commented this would make a good script for a movie....
As soon as the blackout is over he hopes to join us again on our calls
And there you have it...
Straight Talkin' Mike On The Straight Talk Express
Bringing You Another Night of Great Positive News!
The I.Q.D. Team, Ltd.'s News Coverage
for Thursday March 29, 2012
Ministry of Finance is a plan to increase the value of Iraqi dinar
Currency war raging in Iraq - Iraqi currency fell to a level not seen since the years due to the demand for foreign currency
Iraq will regain its Arab, regional status -- al-Araby
Kuwait's Emir sends cable of thanks to the President of the Republic of Iraq Jalal Talabani
Myanmar Will Unleash Its Currency
Iraqi Government to Hand out Dividends As Oil Output and Prices Surge
Zebari: the middle of next April, will open the Iraqi-Kuwaiti relations
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....we are getting closer every day......
GET R DONE.......JUST DO IT!!!
Conference Call Replay - March 29, 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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