Investigate, Question & Deliver
April 19, 2012
Highlights/Summary & Replay of CC
Conference Call Replay - April 19, 2012
760-569-7699 Pin 769478#
Straight Talkin Mike's Recap of Tonight's News
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed - the following is just Straight Talkin Mikes recap of the news discussed)
We discussed the article about lifting of the 3 zeroes because thats what they called it - only one sentence said delete - they talked about how the Central Bank should be independent of the government and they should go ahead and do what they need to do - In tandem work together to benefit the people of Iraq and its something that needs to be done
It doesn't talk about the particulars - it really talks about the process overall and how they are just afraid that people won't have the confidence in the dinar and thats what they are afraid of when this happens and alot of fear on the part of the government because they don't know how the people are going to react
When you have an artificial situation that was created in Bagdhad where there currencies fluctuated so badly and people were losing that - they dont quite understand -they dont want to lose purchasing power and they think to some degree that anytime they do anything with the currency it is going to lose purchasing power which brings us to the next articles
We talked about one of articles there is a big symposium going on in Washington DC - The Treasury & the IMF is there
They are talking about revaluation and they are talking about exchange rates and all the stuff thats going on and Shabibi is there
We talked about how China has done some work on their currency and the moves that they made and how it valuated - what they did was not truly revaluation but trying to coax them into revaluaing their currency because it will help alot of things that are going on out there - one with China doing it at the same time or sorta similar to where Iraq does it ...The affect on the economy that these two currencies could have would be hidden and that it would be a good thing so they could provide cover
But also would help the European situation so well because China owns alot of debt - It would decrease that debt and make it a little bit better for all the countries who owe China to make them have a stronger currrency because they are going to become a consuming nation very soon there exporting alot and they are going to start to consume
We talked about Saudi Arabia & Qatar coming up with a scheme to support the Syrian pound - kinda issue new currency and back it and we talked about Why would they do something like this now?
Is it just really to spit in the face of the Americans or us over here
and the sanctions - No they are preparing because there is going to be a change economically in the middle East - they want to make sure that they can support that currency as well as support whats going on in Europe
These two things were done specifically to help Europe get stronger and settle things down
Why NOW? Whats going to happen - Why do they want to stabilize these currencies? we are seeing people moving to managed floats
we are seeing all these countries around them do this...Why?
Syria had a very good currency - wasn't a fake currency like Sadams currency was - it actually support it - it was traded and has done very well - the artifical weakening of their currency is killing alot of the markets and the Middle East especially Saudi Arabia and Qatar who traded with them and did some things with them oil wise and this is meant to prop them up
Why Syria - Why not Iraq?
START PUTTING THE PIECES TOGETHER THAT SOMETHING IS GOING TO HAPPEN WITH THE CURRENCY IN IRAQ....
and they are comfortable with whatever that is going to be
So they are over here supporting Syria trying to balance that on the other end
Very Interesting..For those people that say these things don't happen
Here are a couple of articles that you can show people that say yes it does happen....happens on a pretty regular basis - sometimes we never hear about it
We didn't hear about what Saudi was doing - it was very quiet - it was not on the internet - there was not a lot of intel people telling what was going on but it was definitely something that happened and it is happening now and its done -,they are out there supporting that currency - issuing a new currency for the backing of that Syrian pound and they are having Syrian people exchange it - doing it very quickly and very quietly in a manner where they don't have people who are terrrorists exchanging money so any large amounts being exchanged they are being very careful with that
THINK ABOUT THAT
We also talked about the date being moved up for the Kuwait meeting to the 23rd (Monday) instead of the 29th!!!!
Not postponed but moved up one week.....
Kuwait shaking hands with Iraq sending a letter to Iraq saying how happy they were with the Summit & Baghdad
and everything is going good....they are trying to stay above the fray - kinda give themself a positive outlook - that look we are not standing in the way of anything to do with Chapter 7 - we are helping - we are moving forward
We discussed the government - The first big article that came out and we discussed Clears up the controvery of what the role of the Central Bank is - read this article if you want to know
Its in their constitution - it states it - it is a separate entity
oversight comes from the government & The Council of Ministers - they work together in tandem - one controls the monetary policy - the other one supports the monetary policy - they are not working that way now and he warns to keep your hands off
He talked about how situations are being artifically created to make the Central Bank look bad - that points back to Maliki and him being in charge because he would like to take over the Central Bank
and this is NOT going to happen - Its not in their constitution
We talked about the Vote of No Confidence - the Iraqiya people have someone to nominate to bring up whose not a major political player whose been in the news which is kinda neat and cool
We talked about Maliki party saying no we can't do this
We had a 3rd article that discussed about the conditions if possible needed to happen and maybe Maliki's party should just take care of him now so they don't have to push the country to doing this
We learned they only need 50% House of Rep to vote for No-Confidence
They would have to go ahead and step down and do what he needs to do
I think they have what they need - Its just a matter of time that this all moves
If he does not play ball his days are limited in my opinion
We talked about his party asking for new candidates for the Defense portfolio
Everybody is trying to give him a way out in his own party and to kinda make due and play ball - I think what is going to happen he is probably going to have a couple more days of people trying to offer him solutions and when he starts turning these solutions down he is going to start to lose confidence in his own party and thats what we want to look for - once they lose confidence in his own party - which he is starting to lose confidence of the smaller players - but it is the larger players politically - I can't point those all out
You will know when he starts to panic and freak out from running to really do things or gets wild and trys to do something that he is not going to
Barzani is out traveling - news he was in Turkey - think he is gathering up his allies - He's telling people what is going on and guaranteeing if there is some kind of power struggle there will no NO civil war
He will do his part and keep his people under control
I think we have everybody kinda on that same page that they want this to be very peaceful and they want it to go thru
And on sad note today - It was one of the worst days in Iraq in awhile with violence and bombing - It is a constant reminder of what the people of Iraq go thru on a regular basis
Bombs going off - there are lot of people that support what Maliki wants to do - People that support the chaos that goes on in the country and would like to see it go on -Whether they are inside or outside the political realm - chaos is always something people want to create in politics because it is easy to take advantage of people when you have chaos going on - You can demand power - you can take a lot of power away - you can do alot of things when people are influx
Keep that in mind as you read the news and we start to go thru
Where are we?
We are still where we were the last few days
We are still looking for some resolution on how the oil and gas deals are going to go down
You have Maliki kicking out Exxon probably in retaliation for them sitting with Barzani which eventually won't happen - Exxon will be there - they are one of the largest companies - these are the things that need to happen - when you see this start to happen - kicking & pushing the oil companies around because they don't want the American oil companies in there - It shows the abuse of power and if we look at it from Shabibis standpoint and ours
They really need to have the oil and gas law in place so they know who is signing these contracts and who has the ultimate authority
If you have one person who doesn't have full authority kicking these around and you have the Kurds saying screw you - we want Exxon here - they have the technology and the ability to pull this out -and the Kurds would really like the Americans to be involved in some way over there because they really are alot more comfortable having us around in case anything starts to fire up - our interests are there - they want us to have some interest there in order to protect that interest in the event that something went awry - that article kinda sums up what we are waiting on
Because if you are Shabibi and you've got all this oil
and you have these two people fighting on how the are going to be paid - who they are going to bring in - you can see the damage it can do to your economy -they've pretty much stabilized this rate alot going on out there in the markets - they are trying really hard to get the confidence back in the people
There has been no RV....NO In Country RV that we could verify
This is not how the process works
You are NOT going to be told by someone sitting in their home office on the internet - waiting on the internet on their computers broadcasting it - Its not the way it happens - the CBI is the place we will see it - once it happens, we will see a brief little article or announcement that tells us what is going on - Until you see it there on the CBI its NOT happening - Its one of those things that is driving people to be taken - if you are not careful....Stay grounded - things are going on - if you hear reports that they are trying to get the dollars off the streets or they are trying to put more dinar on the street thats the process that Shabibi uses to stabilize his economy - He puts more money into the balloon - take more money out of the balloon and those things stabilize
Supply and demand that helps stabilize the economy over there and his dollar and exchange rate- they know what they are doing
Telltale signs - there will be no telltale signs - we talked about what happened in Saudi Arabi & China - there were NO major signs all over the internet when it happened - it just happened - you have to be ready for it at any point in time- any time in this process he can do this
We feel the Central Bank is ready - the political situation is not quite so ready
But if there was a vote of No-confidence and things started to move - I would think that Shabibi would want to move pretty quicky
to get his reevaluation done - because it means more people coming into the country investing and so much more
Keep yourself grounded - we will know when it happens - not going to be some guru telling us that its tonight...tomorrow...
It will just happen.....ITS ALL GOOD.......
And there you have it...
Straight Talkin' Mike On The Straight Talk Express
Bringing You Another Night of Positive News!
IMPORTANT.....WARNING TO OUR LISTENERS
Take the time to listen to the Mailbag Portion of the Call - after the second group of Q & A
Mike & Debbie share some scary and sad stories about things they learned today from our listeners and people they know that have been takenby so called Bankers who are promising better rates NOW if you give them your dinars and they will hold them for you, etc
Do not hand your dinar over to anyone!!!! There are people out there that are trying to take dinar from others by promising all kinds of things
There are NO bank deals now....You can NOT cash in Now for any special rate - you can NOT cash in until there is a live rate on CBI....
If there was a Live rate you would be able to walk into your local bank and cash in.
Don't fall victim to these predators....
Crash - Formerly with one of the major banks also joins us on the call and gives GREAT advice to our listeners - There is no bank out there that is going to make any kind of deal with anyone until the rate is LIVE
Many listeners shared stories as well and GREAT advice to us all......
The I.Q.D. Team, Ltd.'s News Coverage
for Thursday April 19, 2012
Bafaiha special - Three zeros
Revaluation of the yuan exchange rate take effect "very promising"
A painful blow to the Saudi-Qatari scheme .. Issue a new currency for the protection of the Syrian pound
Alwani warns of state supervision of the Central Bank
Secret agreement to nominate Qusay al-Suhail to replace PM Maliki, says source
Yasiri: vote of no confidence in Maliki, impossible
Shathar: the vote of no confidence, possible if conditions provided
President receives a letter of thanks and congratulations of HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah
Ministry of Oil announces exclude Exxon Mobil from the end of the fourth licensing round next month
Maliki calls for Iraq to provide new candidates for the defense portfolio
ARTICLE OF INTEREST
Iraq Investment Surge: The Rise Of The Iraqi Dinar
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 and more during the Q & A
SOME GREAT Q & A TONIGHT AS ALWAYS
We are getting closer every day......GET R DONE!!
Conference Call Replay - April 19, 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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