Investigate, Question & Deliver
Thursday, June 7, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - June 7, 2012
760-569-7699 Pin 769478#
Straight Talkin Mike's Transcription of the 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)
Highlights from some of the CBI Economy News
As we have talked about - this is another article about the building of the private sector - another positive step in the building of the economy in Iraq
We have drawn the plan out for you and we are moving forward with that plan - Outstanding to see from an economic standpoint the birth of this country and their economy
It is wonderful to see the private sector moving forward and the banks doing what they need to do - The Future of Iraq Project .....this is the Last Chapter - and we are watching it happen right before our eyes - Great News
We have heard in many articles IN THE COMING DAYS they are going to be doing X Y Z.....he was laying the groundwork for these Letters of Credit and closing off the street vendors
Article again talking about the private sector
When you put these two articles together and as we we have been talking about them building the private sector you can now see what the plan of the CBI is and they are working it - stabilizing their economy and getting them moving...stabilizing pricing..stabilizing the dinar....very key when we talk about stability when you RV you can not have all of these things
in the way - This is like the last rabbit hole they have to close up - the street vendors - squeezing them out - they know what they are doing
Their plan is coming to fruition.....Awesome article
CBI ...WE KNOW THEY ARE READY.....LIKE CLOCKWORK....getting the private sector moving in the right direction
Government - Listen to the call for Straight Talkin Mikes recap of where we are before the articles...
CBI Rolling right along....they are trying to get things in place
with the last articles that we read - they are intent on really trying to keep tariffs moving forward and Shabibi is taking it seriously
They are opening up the State Banks to cash in - to give out dollars and exchange dinars for dollars and all that- giving them a lower rate than what they can find on the street - They are going to keep that rate within a 2% margin so they can squeeze the street vendors out so that the larger money will come to the bank because it will be a better deal....the average person still going to exchange on the street and pay a higher price - - thats what they will do but the larger dollars will come to the banks because they won't want to pay 4% of $4 million...$10 million..etc - in the article they used $400 million.....7, 8, 12% becomes huge dollars to these people who are transacting business - we found that most of these transactions are for goods coming thru Syria, etc..they are basically to pay for goods and pay for projects
They talked about the Letters of Credit coming in and these Letter of Credits will be able to keep the major players out of making more money on it - Its going to guarantee people on both sides -
Its going to save the bigger customers who truly truly need the money to do what they are doing and transact the business will go ahead and do the Letters of Credit because it will be easier for them - they will save alot of money - 2 or 3 percentage points on $4 million is alot of money when you start to get up there 400 - 500 million
on large transactions you are going to have an easier way to make sure that your money is there - it lets them know where that money is truly going because they are both locked up - theres no middle man in the middle taking the cut - $1 million for himself and throwing out $3 or $4 million on the other side - funnelling that because thats what happening- when they talked about the smuggling, etc - its not really smuggling - its deal making and people making money off the exchanges of these currencies over there and they are getting really ready to shut that down.......
We like that....
Multiple Outlets to sell - The Finance Committe on Board - they are moving forward - they have stabillized their rate and they are continuing to stabilize their rate and hopefully Shabibi will be ready for the next major thing he is going to encounter which will be his tariffs coming up and ready to go
Maliki the cat of Nine Lives has certainly staved off vote of No-Confidence at this point...
Talabani has decided that he really wants to work this out amongst the presidencies and get everybody together
Kurds have kinda flown back to Kurdistan - hanging out there trying to figure out what there next possible plan of action is
and they realize they want to pressure - they want to get the 140 implemented and they want to get the things that have been decided on done and ready to go
We've got changeover coming in with America's US representation over there and the political ends can start putting pressure on them to get things done
Personally we don't have a dog in the race other than we want to see the government formed well enough so they can RV
and obviously Shabibi seems to be moving at breakneck speed to try and stave off these things to get this done
He wants to feel somewhat confident though he's not truly looking at the political situation more so than how it affects him...
If you have a government that wants to come and take your reserves for whatever crazy reason and take over your bank...you certainly would want to have all the laws passed that make it free and independent - Once your banks are free and independent of the government then the government can do whatever it wants
They are not quite free and independent of the government yet so thats why there is concern from him - because he doesn't want to get something started and have the government take everything away from him - put him in jail and take over the banks because the way the laws are set up it favors that to a certain degree -
He would like to see these legislative things done - get the Finance Committee on his side so they can pass all this legislation
get it done..get it thru - change regulation so that banks have more freedom to do the lending
We talked about lending to the people in the second article we read - lending to the people - getting small business loans to the people so they can do what they need to do to start their own businesses....
just a tremendous plan being worked and moving forward from Shabibis side
From our side we are going to watch the way this political process plays out - What we want from the standpoint of the RV - We want to see 140 implemented - we read about the 140 Commission saying it is pretty much here - we have the groundwork laid for you guys - lets go ahead and figure out how to solve the 140..
Now some people will say well they are signing contracts then that means they must have it in place - Truly you can't have the 140 in place because they are telling us they don't - so it means all of these things being signed are unconstitutional - they can sign them but somewhere down the road when it comes time to pay or collect the people who are not being considered in the transaction which is either Baghdad or Kurdistan one of the two can come up and challenge these contracts - and the people left holding the bag are the oil companies people that signed them...
They are going to say well you signed them with these people....you knew there was supposed to be 140 but you went ahead and signed them with the Kurds anyway - then you say well we did it because we wanted to take early advantage of the situation - that was the risk they all took but that would take away so much and so much more money would flow at that point in time from the oil companies because they would know they are going to get paid and its not there - It doesn't mean they can not sign contracts..they can sign contracts all day - its just the constitutionally of those contracts....so keep that it mind
We are rigorous thinkers - we don't take things for granted -we look at the logical conclusions and say this is what they need
in order to be stable so they can exist in the business community because thats how business is done on contracts that are constitutional to the governments that are there
Thats the way it is done in the Middle East
We would like to see the ministers seated - that would be great to start sharing the power - Give these people more power - the Kurds and the other people that need it - truly if he gets 140 passed the Kurds will probably be a little less aggresive on that side
because you know what they truly know that each region is going to have their own support - their own armies, etc - not really well defined just yet - those battles can be fought down the road a little bit longer because they really don't have a huge army like Sadam did at the time he was there - It will take them a long time to build that up for projection purposes so I think you can see alot of these things going on....we are settling down now with everything we see out there
We read about the violence going away - We talked about more people coming back...its getting safer over there so people are coming back - we discussed the government is starting to punch out some money to the families and people - what better thing can you do to start the middle class and get them going - RV your money - give them value - give them more purchasing power so they can actually start to buy and want to invest, etc....This economy will Boom with all these things happening.....
Remember the taxes tariffs are probably not so bad.....having those there they can start to restrict the flow of money going in and out of the country to keep alot of that in the country while they are moving thru this implementation of the RV of their currency
So lots of positive things happening when you put it all into perspective
And of course we talked about the taxes and tariffs are getting done...pushes it thru quicker and quicker
Mike and Tim discuss "Currency Classifications"
Exotic Currencies now called Emerging Market Currencies...
Great information to read - Check out the link under News Articles below and on our website
And there you have it...
Straight Talkin' Mike On The Straight Talk Express
Bringing You Another Night of Positive News!
The I.Q.D. Team, Ltd.'s News Coverage
for Thursday, June 7, 2012
CBI / ECONOMY
Good is called an advance of 5 million percent salary
Iraq is trying to once again support the dinar and the dollar to stop the flow of outside
Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve
Jaafari confirms the continuation of efforts to eliminate the problems that hinder the progress of the political process
The Commission on the implementation of Article 140 of the Constitution issued its fifth annual
Internal resettlement to end in Iraq soon
Iraq Taxes and tariffs law ready for implementation
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 - June 7, 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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