Highlights/Summary & Replay of CC
Thanks to Mark for the summary
Conference Call Replay - Feb. 23, 2012
or 760-569-7699 Pin 769478#
Theme for Tonights Call:
Just when you thought it couldn't get any better....It Did....
and then it did it AGAIN
Mike summarizes tonights News:
WE HAVE REACHED A MILESTONE I NEVER THOUGHT WE WOULD GET TO TONIGHT.....
SOME PRETTY INCREDIBLE NEWS
I THINK IN THE 8 YRS SOME PEOPLE HAVE BEEN IN THIS INVESTMENT IT WLL BE ONE OF THE MOST EXCITING NEWS NIGHT WE'VE HEARD IN A LONG TIME
BANNER DAY IN THE HISTORY OF IRAQ
ABSOLUTELY THE BEST DAY FOR THE PEOPLE OF IRAQ......
ITS ALMOST SURREAL WE ARE AT THIS POINT....
CBI they have been in the middle of their training/education program letting people know there is going to be a new currency...
kinda going over the news we have heard and discussed over the last few days where they've gotten the Financial Committee on board..they've explained the importance of whats going on..they are coming out and telling the people now we know where the counterfeit currency is coming from and...
Just remember folks...the only way to really get rid of the counterfeit currency is to issue new ...it stops it immediatley 100% because they would have to retool the printing presses ..they can not print the same currency because it is printed differently on different plates and by newer machines which print things differently
so its very much something they are moving forward to and they are letting everyone not to worry
But they know how EXACTLY HOW MUCH MONEY IS IN THEIR CURRENT ECONOMY DOWN TO THE LAST DINAR...
THEY KNOW EXACTLY HOW MUCH THIS RV IS GOING TO COST THEM
THEY'VE GOT IT ALL PREPARED AND ARE READY TO GO
Now we move to the Political Scene...because the CBI IS DONE
and all they are waiting on is for the government to kinda get there stuff together....and the Government today started getting their stuff together
WE LEARNED TODAY THAT THE 2012 BUDGET WAS PASSED AND COMPLETE
they say they are running some sort of deficit out there
dont get concerned about the numbers.. dont go out there and try to do those numbers...its all in current dinars...all equates into purchasing power after the dinar RV's which means there are excess funds that will fall into next yrs budget and they will be financing part of this yearss budget thru the CBI so they are running a little bit of a deficit...
we know as well as everybody else that the amt of oil coming out of there there is no way they are going to be able to run a deficit...They have extra dollars tucked away for anything they need to RV this currency based on the oil production and where they are at so theres
no funds that will be unallocated that they have to take from any place else to do this RV....ITS DONE AND READY TO GO...THEY HAVE THE MONEY....got extra money hidden in this budget because pretty much at 85.00 barrell...they are at a 120.00 barrell.....even at the lowest 105 per barrel... extra money in there
And we learned tonight FOR THE FIRST TIME IN THE HISTORY OF IRAQ......CITIZENS OF IRAQ ARE NOW ABLE TO SHARE IN THE PROFITS OF THE OIL EXPORTS WITH THE CITIZENS...
Tremendous value for the citizens..they will now get their just dues
and they will be able to share in the riches of Iraq and they will grow...when Iraq grows their riches will grow..when the oil grows and it becomes more profitable SO WILL THE PEOPLE OF IRAQ....they will use that money to build their cities..build their businesses to do what they need to do inside of Iraq because its a fairly new economy it will be a cool injection for them to get themselves moving and going forward and developing their economy as a very capitalistic based type of economy where you've got people coming and going
National Conference they have agreed on what the agenda is going to be and how they are going to handle themselves....finding that there's pressure on Maliki to go ahead and get his ministers seated and we see movement in that area..As the article stated we read tonight "The commission reached a preliminary agreement to resolve the selection of candidates to fill the posts of defense and interior ministries and that they "agreed on the selection of independent candidates to the Ministry of Defense, Interior".
The only thing we have not seen is the HCL law which I believe is a separate law which is who signs the contracts from that standpoint
unless that was buried in the budget and they are keeping that one quiet because they dont want us to know that it was passed which could be a possibility ....we are watching this as close as we can
I still think there is one more vote down the road on that HCL Law...I dont think that is necessary...at least something that is going to stop anything ....my belief is they have that all resolved...no longer an issue or a bargaining chip for anyone because we are not it seeing in any articles.....It Was a huge bargaining chip they needed to get this National Conference going forward
The 29th is coming...getting themselves together well in advance of this...
almost 30 days in advance starting to look really really well
MAJOR DOMINOES HAVE FALLEN....things we wanted to see get done are now getting done
My opinion biggest thing that needed to get done was the Article 140 monies back to the citizens because they could not have RV'd before this point in time unless the citizens knew exactly what they were going to get and Shabibi would know exactly what they had approved for them because he has to acct for that money in the RV and has to account for that going into his equation on the other end when he revalues...what that value is going to bring to his economy....Hes finally gotten one of those components that he has that figures it all out and allows him to come to that PERFECT RATE and he only knows what that rate is and when he is going to do that
HE IS GETTING READY TO DO THIS AT ANY POINT IN TIME FROM THIS POINT FORWARD
My guess is that we really want to see a Unified government as the next step where they announce their GOI and they come out and shake hands
and the HCL ...those are the 2 things left we are looking for with the minnisters seated and the government to fully come out
I think over the next few days we will see that..because there is REALLY nothing Parliament needs to vote on..they are on vacation til the 6th of March...now out of session...they worked very hard to get this budget passed before they went on their little mini vacation
Now we are looking for the news on Maliki
Its now up to Maliki...its in his court...Serve is up..he has been called
If this was a chess game the proper terminology would be Check to Maliki....now he has to figure out what moves he has left - he has very little left in order to do what he wants to do
so to hang on to power he has to play ball with most of these people..we will see the mininsters seated and move forward and they they will forget they had a crisis at this point in time and go forward
And there you have it......EXTREMELY AWESOME NIGHT OF NEWS..BANNER DAY IN THE HISTORY OF IRAQ & FOR THE CITIZENS
The I.Q.D. Team, Ltd.'s News Articles Coverage
for Thursday, February 23, 2012
Al-Qaeda Believed to be Behind Iraqi Dinar Racket
Reduces the central importance of what is promoted on counterfeit currency
Urgent .. Vote on the budget of the House of Representatives for 2012
Urgent .. House of Representatives vote on all budget items
URGENT: for the first time in the history of Iraq, the budget provides for the distribution of cash from oil exports increase on the citizens
Iraq to Raise Crude Oil Production to 4 Million Barrels in 2013
State law: National Conference preparatory completed its agenda
Iraq: Maliki to resign if the violence did not stop
Sinead reveals authorized Maliki to resolve security positions
NEWS ARTICLE LINKS
What a great night of news, analysis, discussion and Q & A
Listen to the call for all the rest of the news analysis and discussion after each news article.....we are getting closer every day.....
GET R DONE
Conference Call Replay - Feb. 23, 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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