The IQD Team
Investigate, Question & Deliver
Sunday, June 24, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - June 24, 2012
Download/Playback
or
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 the CBI/Economy News
Listen to the Great discussion after every great CBI article we discussed - so much great information from CBI today....Tariffs....Smart Cards...Islamic Banks...Single Window System.........Full Speed Ahead!!!
"Iraq's Central Bank announces new cash withdrawal system"
FAVORITE ARTICLE....
ATMs all across the country and just like the banking system here.....awesome article
"Has announced the start of a national distributor system in the country, which will allow card holders to withdraw money from
any bank in the country without depending only on the the bank that provided the bank card"
"setting up the system with the help of the US Agency for International Development (USAID)"
USAID was mentioned in this article and reminded us of a Flashback Article from Sept 2011
Flashback Sept 2011: Iraq is Moving to cancel and simplify the Laws the drive Away Investment
and the Documentation behind this Guillotine Regulatory Reform Tool that started in Iraq in 2011
Regulatory GuillotineTM in Iraq & The ISRIR (Iraq Solution for Regulatory and Administrative Reform) Project 2011 - 2014
If we had an specific old laws on the books and somebody forgot overlooked..maybe they were smart enough to find from years ago they could change this quickly with the GUILLOTINE REGULATORY REFORM SYSTEM....They already have started using this and laws are being changed with the help of this system since 2011....Cost $150 million in conjuntion with the government to reform the laws that would normally take decades to do in a short period of time.....on going project in conjunction with USAID
This is great information to read and understand what this process is all about.....and so Key to the success of Iraq.
"Thru this Guillotine Can create the investment environment of the country"
Great Information to know about Iraq and the process they have been using for some time to fully comply with the Government of Iraq to reform laws and to speed up all old laws on the books in Iraq....The Link to this article and Documentation is under The News Articles Link below.
Shabibi in Switzerland...and on his way to London....giving his opinion on what he has done and how he has done it..
Government Recap - This is where we believe we are at...
we want to see the government seated and the 140 in place...because Saleh talked about it earlier in the article we read...trying to develop more than an oil economy because it is very hard to keep your currency stabilized on oil and everybody knows what the oil price per barrell and if you can start making your economy more diverse you have a better chance of keeping your currency stable out there
140 definitely needs to be in place so they can figure out who is signing the contracts - ..where the power and money is going to lie so that they know how they can guarantee those contracts....not screw up their business..not have the government and themselves sued
Remember they are a bank so they have alot of liability in all of this
There not necessarily getting away with everything becasue they are not a governmental agency.....just like they are here - they are a Central Bank...a private bank - separate from the government - they have liability and they have to make sure they are covered and they are going to cover their butts as they go out...one of the things they are waiting on
We talked about Talabani leaving the country...
We talked about some meetings happening over the last few days
what we are assuming is happening is that they got together
Najafi realized that he has the votes he needs....they got everybody together...they had more than ever attend the Parliament
session - almost more than in the history of their Parliament....Remember they don't get paid much..they showed up
well they realized they had est. 176 votes and some people defected In order to go ahead and pull the No-Conf vote with Maliki - away from Maliki threats last week where he removed the barriers to try and scare them....they had some defections and things going on
Now we have heard some rumours that the Minister who was in there from the National Alliance may be nominated to go thru but the big thing is the Strategic Council which is where all of the power is going to lie and that is who is going to take the power away from Maliki - he will become more of a figure head than he is instead of an administrator type of person
This is the power he does NOT want to give up - noone wants to give him his ministers because they are afraid they are not going to get their seats where they need and deserve to be there...so there is some speculation in some articles we are reading that he may be willing to start to apppoint that
They May be willing to go into a National Conference and come out and announce their government very soon
It makes sense to me based on the things going on in the World Market ..the world and the economy behind them
We have seen articles about Maliki trying to take Najafi out and other things going on
One of the things Maliki did is close 44 news agencies in Iraq
These things are starting to weigh very heavily on all of the political peoples minds...because it is looking alot like Sadam and what a dictator would do - Shut down the news, etc.......thats why the news has been very sketchy and crazy lately...
Less outlets....you have to assume if you are Maliki you are taking out your competitors outlets and those type of things but news still goes out....they need to have a free press and they need to go forward
We are looking forward to things happening over the next couple of days - this could be an exciting next couple of days
be prepared for antyhing to happen on the government side
Remember....the key here is that we are really do not care who runs their government per se - it needs to be set up with the Strategic Counsel or however they set that up - that needs to be inplace - once that foundation is in place and the 140s are voted on and the rules are voted on then you're there
You've got Parliament changing and saying we need to get these things done for our people because really what they are starting to realize is that the people are getting hurt
Thats the problem....its noone else getting hurt but the people.....they need to make sure these are the people voting them in and there is alot going on and alot they need to do
"Abadi: there is a desire by the National Alliance to focus on the interests of the citizens during the current parliamentary session"
One of my favorite articles.....its about the Iraqi people....."in the presence of 248 deputies"...Why is everybody in town???
Is there a party that we were not invited to?...I think there is.....
These are important things that need to get done....Remember the party that is in power always wants to give to the people...
The importance to this article is the amount of people who showed up as well as the them wanting to do the work for all the Iraqi people.....Thats a great thing.......and what it is all about...The Iraqi people
"Europe lifted the restrictions on investment in Iraq"
One of Deb's Favorite Article....
"lifted restrictions it had imposed on investors who intend to invest in Iraq"
Wanted to thank LJ & his Great Team at The Next Step - Had a great opportunity to spend some time with them this weekend - pointed us in their direction of what they believe is going on with the government and we exchanged some great information...nice to know there are like minded people out there who really care about the community and trying to do what we are doing and getting that information out to the community so they understand
RECAP
CBI
Great things going on with CBI
1st article we discussed about a 10 year period for money to be exchanged and what we believe there will be some sort of short term period and that 10 year period refers to the Central Banks being able to exchange it for that outside the country as well as any other people who may have been repatriated or had money outside the country to bring it back in
We talked about CBI and the Islamic Banking Bill being passed and the Islamic Banks opening up investments to the rest of the Middle East because of the Sharia Law that is needed in order to open these banks and to have other investors come in they are really making it being in the Middle East....really opening it up for the Saudis to come in...the Kuwaits to come in....these banks will be heavily used by Qatar, Saudi and it really sends a signal to Saudi to bring themselves in to the situation very quickly and allow them to help put influx into cash into the system
We talked about the custom tariff laws and the change from the CBI wanting those to go in...it seems to me if they want these tariifs to be in place that they have a plan in place to combat ill effects of this and they are ready for this at the end of the month - that is a really good sign for whats going on
Talked about the new ATM machines...just like here in America
you can go to any bank..any ATM machine..round the country...800 banks to pull your worthless currency out....well we know it is not going to be worthless - they are not putting these systems in tact for people to pull out 2000 dinars...5000 dinars..You've got to have some kind of value to this and they have been telling us they have been trying to add this value and get their systems straightened out thats what we are all in this for....It seems The Central Banks plan is in full motion and I am very happy and excited to say that as we always say they are ready to do what they need to do
Government
Maliki is in trouble...had 248 deputies attend Parliament - approximately 179 votes Maliki out - ready to do what they need to do--bring him in front of Parliament to question him...he is in dire need...he closed down 44 newspapers to try to keep the stories from getting out...he has very little support from anyone....and quite honestly he is a man who has some issues...and we will have to see whats going on with him as we move forward....his days are numbered and limited
Starting to talk about doing the work for the Iraqi people.....the financial laws that need to be passed....these are all good things
It seems to me that between the CBI and this move to get Maliki out that they are moving very strong and very fast
Things have been fluid over the last few days with meetings taking place and alot going on behind the scenes
Now that everybodys back...Parliament coming back in to get things done...I believe this next Parliament Session will be one of the most productive sessions for the Iraqi Parliament in a long time
We will see laws being passed...being read...being done very quickly - We will see CBI being supported in whatever they need to do and the country trying to move forward
They are at a key critical economic point at this time in their future
They need to add value to this currency...they need to establish their economy and to make sure the central Bank is working with the government so they can have the laws in place they need to Attract, Maintain...Keep Investment....ADD VALUE TO THEIR CURRENCY AND BECOME A FORCE TO BE RECOGNED WITH
They dont want to wait and do this over a long period of time
They want to become a significant player very quickly because the situation is changing...
You've got governments that are changing......Eqypt influx...Syria is in influx....Iran. etc ....All influx......its a very fluid area....pretty much a powder keg going on out there
These guys need to be up and running so that they can become some sort of stability in this whole thing because they will sorta be the economic center when this is all done
Which is kinda the goal for that - everything will run thru there......everything will be there...again with our close association
it will benefit us from the things that we have done...its not going to happen overnight - takes times - but there seems to be things moving and they are trying to get it all done.....
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 Sunday - June 24, 2012
CBI / ECONOMY
Central Bank: We will not receive the old currency after you delete the zeros of the citizens only by banks
Khbayrsnaaa: government measures have made a slow industrial projects and improper
Finance Committee announces the arrival of a bill from the government of Islamic banks
The Central Bank underlines the need to apply the law of customs tariff end of the month
Iraq's Central Bank announces new cash withdrawal system
======================================================
GOVERNMENT
Regulatory GuillotineTM in Iraq & The ISRIR (Iraq Solution for Regulatory and Administrative Reform) Project 2011 - 2014
Flashback Sept 2011: Iraq is Moving to cancel and simplify the Laws the drive Away Investment
After the prevention (44) and a media outlet to work .. The media calling for politicians "not to tuck their noses" in the body of
professional issues
Hrbo: Files are questioning al-Maliki's security and financial and administrative corruption and breach of the constitution and
override
Abadi: there is a desire by the National Alliance to focus on the interests of the citizens during the current parliamentary session
Washington supports the overthrow of the Iraqi prime minister, fearing a constitutional confrontation with Tehran
Europe lifted the restrictions on investment in Iraq.
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
We are getting closer every day......GET R DONE!!
Conference Call Replay - June 24, 2012
Download/Playback
or
760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
Every Tues, Thurs & Sun 8PM EST
760-569-7676 769478# or 712222#