Thanks to Kimberly again for doing the Conference Call Notes for the Call Tues. Feb 4, 2014
GOVERNMENT
L.J
Other than the banking side there's not a whole lot going on.. The Gov. side is basically at a standstill, and all were doing is telling you what we are seeing and not seeing in the news and that is that there not passing laws. It is stopping their investment, there infrastructure.. , it is stopping the progress in the oil production it is stopping everything .The US is standing with them and trying to get them on track but in so doing it requires the legislature to present and pass laws they are having trouble even presenting law's even the retirement law . A lot of people don't even know what the retirement is . I looked at our retirement law and it is the E.R.I.S.A (employee retirement income security act) of 1974 and it was adopted because there had to be fairness for people that have paid into it to get paid back.
Mike.... and that is why E.R.I.S.A was penned to give people in this country the ability to save and open an I.R.A a Saving account a retirement account on their own what types of accounts and what type's on investments they can have inside those accounts.
So now let’s kind of not throw that in to Iraq politics but ( in a nut shell ) How are you supposed to pay fairly everybody in the country that has worked hard all their lives and is retirement age and older when the country has never had S.S and no one has ever paid in to it ? The laws have to be put in to place to grandfather these people in and to set up a SS system for the ones to come. Now as long as Maliki is in office he will keep them all fighting (86 days till eviction) and not allow any big laws to pass. They need to get together once the elections are done and get this done. Where does the money come from they are trying to get it put into the budget and use the oils reserves but again the tribes have to come together to do this and Maliki is doing everything he can to stop them.. there trying to get a line in the budget about the retirement in the budget so once it's passed and M is out they can come back and get it done .and you have to set up laws like this because money will be shared through the H.C.L
ECONOMY....CBI
Mike
C.B I . The banks are trying to drive the free banking system and the stock market is doing the same so let’s step back to what going on in the world today well the US has been printing and pumping money in to 3rd world country's buying our debt now , but we can't keep doing that so we are starting to back off and the 3rd world countries are starting to feel it , So they are looking for a new place to invest their money because Iraq has to rebuild the infrastructure and there country , so people are watching form an economic stand point but the world can give a rats behind about the rv there looking for the banks coming around the stock market to get better...there waiting for laws to pass so it will be safe because there is great growth coming .there are still some laws that still need to be done .
Article # 1 Economic parliamentary calls to reconsider investment laws to attract foreign capital into Iraq
This one clearly lines out the things that need to be done. The ground work has been laid but a lot hasn't been completed.
And it's very important that these laws need to be in place to attract investment. People need to come over and know that the money is safe and that they can get a return on their investment , they’re going to need to know that if someone dos something illegal that they can go after them and get their money back .and again they need a government in place that will get thing done (86 days till eviction ) Now how dos this work the monetary policy' is done by the central bank and the rest of the laws are done to support the monetary policy by parliament, it's very important that they get these 2 things together conjugation and as you can see this can't happen unless this is in place .
Deb.... Hay Mike your always talking about the letters of credit..are they in place? Mike...Yes the letter's of credit are in place they are there..some of those funds are guaranteed by the CBI and the IMF but what’s happening is there’s no large projects getting done so most of those letters or for good's and services, and what they really want to do is to set thing up so banks can enter the finance so that they can make money and right there own letters of credit so there guaranteed by the full faith of the bank.
Article #2 Experts urge the government to get rid of the «oil curse» diversifying sources of national income
the oil curse I love that word because it's the #1 resource that they have but it's the only resource that there relining on right now there's so much more that they could have if they had a government that worked (86 days till eviction) there so fight over the how where and when the oil is going to work for them that there missing all the rest and the world is passing them by on the oil so they need to step up on the rest and they need a government that will do this (86 days till eviction ) these are the articles that are showing us what still needs to be done . You can't just willy nilly add value to a currency you have to have something to support that value at this point in time there oil values are not steady enough and there going to have a tuff time if anything happens to their oil in getting their budgets done or anything else done .
Deb.... I remember when they had the list of other resource's that they have Shabb's did that and it’s on the web site if you want to look at it. The other resources outweigh the oil.
Mike ... and when you hear us talk about the guillotine it's not used to cut someone's head off it's used to cut red tape for laws that need passing 3rd world country's use it. Check out our website for the info on this Patented process Guillotine...
Article #3 Incompatibility compound
This article talks about fiscal policy government and the way the government needs to interact with the fiscal policy and it gives you examples like the gov. just can print money that cause's inflation and it kill's the purchasing power . The GOV and the CBI need to work together hand in hand but with the GOV the way it is now is very hard to get that (86 days till eviction) so with these 3 articles are really talking about the fiscal policy which is how they manage their money and money supplies. Right now the chi only has one way to combat inflation and that's to have the auctions and that a very poor way of dealing with that with their money having so little purchasing power but as they grow they need to do other things like sell gold .bonds and other stuff .the CBI has to know how they’re going to support that and the cbi has to know how the oil is doing in the other sectors so it can help support the money and set the value of the currency for internal use so they know what’s going on .So what’s it's really about tonight is the relationship that they have with parliament that passes laws . We have the same thing here and it always does not work here either the gov wants to spend and the cbi dos not want to spend and vice versa and when your economy is as old as our economy then you have a lot of different ways to do thing this is a very new way for Iraq to do this with the monetary policy before it was Saddam who had someone at the cbi that set all the prices and the rest of the world just never dealt with them because the was no stability. One of the key thing that has to be done is the restructuring of the cbi and one of the governers came out and talked about that today
Article #4 CBI Governor: Iraqi Banking System Restructuring to be Complete by end of 2014
This really talks about it and where they want to be with their banking system gives you an Idea what the need to do to supply the economy. You have to realize that there are going to be a lot of articles coming out talking about their full sovereignty , and full control of their country .I don't want you to be fooled by the horse asses out there . and come may because that's financially when we’re looking from the stand point that last year the USA had decided to protect Iraq's money . Iraq had debit that they need to settle and the really have not had a chance so come this June barring any unforeseen resigning of any laws that would be there it seems that Iraq will get that . they really need to get the political scene together because the revenues from the oil and other things they should be able to pay their bills , and if they know that's going to happen the cbi will be very very happy to finance the rest of those and pay those people off over a period of time and make interest off the loan's that's what they do .it's very important that you understand the what they are saying don't get caught up in things that are being said remember what you are dealing with is a speculation you’re at the risk of things not happening when there supposed to because they haven't your risk is you time ,you should never buy more than you can afford beware of the huskers that want you to keep buying what you can't afford
Deb
There are people out there wanting you to buy a book on how to invest in the stock market we have a FREE one on our site. There is so much fraud out there.. please watch out for people trying to get you to invest before the RV and really after the RV
YOU DON"T KNOW THESE PEOPLE .Just because someone writes a book does not mean they know what there talking about....Be aware....
GOVERNMENT
L.J
Other than the banking side there's not a whole lot going on.. The Gov. side is basically at a standstill, and all were doing is telling you what we are seeing and not seeing in the news and that is that there not passing laws. It is stopping their investment, there infrastructure.. , it is stopping the progress in the oil production it is stopping everything .The US is standing with them and trying to get them on track but in so doing it requires the legislature to present and pass laws they are having trouble even presenting law's even the retirement law . A lot of people don't even know what the retirement is . I looked at our retirement law and it is the E.R.I.S.A (employee retirement income security act) of 1974 and it was adopted because there had to be fairness for people that have paid into it to get paid back.
Mike.... and that is why E.R.I.S.A was penned to give people in this country the ability to save and open an I.R.A a Saving account a retirement account on their own what types of accounts and what type's on investments they can have inside those accounts.
So now let’s kind of not throw that in to Iraq politics but ( in a nut shell ) How are you supposed to pay fairly everybody in the country that has worked hard all their lives and is retirement age and older when the country has never had S.S and no one has ever paid in to it ? The laws have to be put in to place to grandfather these people in and to set up a SS system for the ones to come. Now as long as Maliki is in office he will keep them all fighting (86 days till eviction) and not allow any big laws to pass. They need to get together once the elections are done and get this done. Where does the money come from they are trying to get it put into the budget and use the oils reserves but again the tribes have to come together to do this and Maliki is doing everything he can to stop them.. there trying to get a line in the budget about the retirement in the budget so once it's passed and M is out they can come back and get it done .and you have to set up laws like this because money will be shared through the H.C.L
ECONOMY....CBI
Mike
C.B I . The banks are trying to drive the free banking system and the stock market is doing the same so let’s step back to what going on in the world today well the US has been printing and pumping money in to 3rd world country's buying our debt now , but we can't keep doing that so we are starting to back off and the 3rd world countries are starting to feel it , So they are looking for a new place to invest their money because Iraq has to rebuild the infrastructure and there country , so people are watching form an economic stand point but the world can give a rats behind about the rv there looking for the banks coming around the stock market to get better...there waiting for laws to pass so it will be safe because there is great growth coming .there are still some laws that still need to be done .
Article # 1 Economic parliamentary calls to reconsider investment laws to attract foreign capital into Iraq
This one clearly lines out the things that need to be done. The ground work has been laid but a lot hasn't been completed.
And it's very important that these laws need to be in place to attract investment. People need to come over and know that the money is safe and that they can get a return on their investment , they’re going to need to know that if someone dos something illegal that they can go after them and get their money back .and again they need a government in place that will get thing done (86 days till eviction ) Now how dos this work the monetary policy' is done by the central bank and the rest of the laws are done to support the monetary policy by parliament, it's very important that they get these 2 things together conjugation and as you can see this can't happen unless this is in place .
Deb.... Hay Mike your always talking about the letters of credit..are they in place? Mike...Yes the letter's of credit are in place they are there..some of those funds are guaranteed by the CBI and the IMF but what’s happening is there’s no large projects getting done so most of those letters or for good's and services, and what they really want to do is to set thing up so banks can enter the finance so that they can make money and right there own letters of credit so there guaranteed by the full faith of the bank.
Article #2 Experts urge the government to get rid of the «oil curse» diversifying sources of national income
the oil curse I love that word because it's the #1 resource that they have but it's the only resource that there relining on right now there's so much more that they could have if they had a government that worked (86 days till eviction) there so fight over the how where and when the oil is going to work for them that there missing all the rest and the world is passing them by on the oil so they need to step up on the rest and they need a government that will do this (86 days till eviction ) these are the articles that are showing us what still needs to be done . You can't just willy nilly add value to a currency you have to have something to support that value at this point in time there oil values are not steady enough and there going to have a tuff time if anything happens to their oil in getting their budgets done or anything else done .
Deb.... I remember when they had the list of other resource's that they have Shabb's did that and it’s on the web site if you want to look at it. The other resources outweigh the oil.
Mike ... and when you hear us talk about the guillotine it's not used to cut someone's head off it's used to cut red tape for laws that need passing 3rd world country's use it. Check out our website for the info on this Patented process Guillotine...
Article #3 Incompatibility compound
This article talks about fiscal policy government and the way the government needs to interact with the fiscal policy and it gives you examples like the gov. just can print money that cause's inflation and it kill's the purchasing power . The GOV and the CBI need to work together hand in hand but with the GOV the way it is now is very hard to get that (86 days till eviction) so with these 3 articles are really talking about the fiscal policy which is how they manage their money and money supplies. Right now the chi only has one way to combat inflation and that's to have the auctions and that a very poor way of dealing with that with their money having so little purchasing power but as they grow they need to do other things like sell gold .bonds and other stuff .the CBI has to know how they’re going to support that and the cbi has to know how the oil is doing in the other sectors so it can help support the money and set the value of the currency for internal use so they know what’s going on .So what’s it's really about tonight is the relationship that they have with parliament that passes laws . We have the same thing here and it always does not work here either the gov wants to spend and the cbi dos not want to spend and vice versa and when your economy is as old as our economy then you have a lot of different ways to do thing this is a very new way for Iraq to do this with the monetary policy before it was Saddam who had someone at the cbi that set all the prices and the rest of the world just never dealt with them because the was no stability. One of the key thing that has to be done is the restructuring of the cbi and one of the governers came out and talked about that today
Article #4 CBI Governor: Iraqi Banking System Restructuring to be Complete by end of 2014
This really talks about it and where they want to be with their banking system gives you an Idea what the need to do to supply the economy. You have to realize that there are going to be a lot of articles coming out talking about their full sovereignty , and full control of their country .I don't want you to be fooled by the horse asses out there . and come may because that's financially when we’re looking from the stand point that last year the USA had decided to protect Iraq's money . Iraq had debit that they need to settle and the really have not had a chance so come this June barring any unforeseen resigning of any laws that would be there it seems that Iraq will get that . they really need to get the political scene together because the revenues from the oil and other things they should be able to pay their bills , and if they know that's going to happen the cbi will be very very happy to finance the rest of those and pay those people off over a period of time and make interest off the loan's that's what they do .it's very important that you understand the what they are saying don't get caught up in things that are being said remember what you are dealing with is a speculation you’re at the risk of things not happening when there supposed to because they haven't your risk is you time ,you should never buy more than you can afford beware of the huskers that want you to keep buying what you can't afford
Deb
There are people out there wanting you to buy a book on how to invest in the stock market we have a FREE one on our site. There is so much fraud out there.. please watch out for people trying to get you to invest before the RV and really after the RV
YOU DON"T KNOW THESE PEOPLE .Just because someone writes a book does not mean they know what there talking about....Be aware....