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The IQD Team: Highlights Summary Replay Conf Call Mar 4 Latest Iraq Dinar RV News FULL STEAM AHEAD

3/5/2012

 
The IQD Team
Conference Call
March 4, 2012
Highlights/Summary & Replay of CC
Thanks to Mark for the summary

Conference Call Replay - 
March 4, 2012
Download/Playback
or  760-569-7699   Pin 769478#

"Straight Talkin" Mike summarizes tonights News
:

We talkd about the CBI and whats going on
We talked about the Warka Bank being taken over by the govt....
they were insolvent..this is what happens to banks in our country
the govt comes in and takes them over ..transfer their deposits to people..they get another bank to come in and take over and thats basically whats going on with the Warka Bank..They are having a difficult time loaning money just to the people in Iraq who dont have a whole lot of money to do anything at this particular point in time until it RVs and the banking laws are such that these banks really can't participate alot in the business sector and its hurting them..
This is one of the 1st casualties that you see...
We have read articles in the past about them needing to get banking laws passed and even Shabibi talked about the banking laws that needed to be changed to let them do other things.....get into investment banking and other areas they can make money at to sustain what they need to to in order to have their cash reserves there
Now remember as they got into the banking system and
establish the banking system over there ...just like our banking system banks in order to be banks have to have so much money on reserve and have to have that on deposit with the Central Bank so that they can guarantee their deposits...make sure that everything can transact the right way
Well as the banking system was growing Dr Shabibi raised his rates and in order to do that you have to have alot more lending on the other side so they were kinda pushing a little bit and Warka Bank was trying to get itself sold and taken over and that fell thru so they were not able to do that
They will come out of this in the end either as a new bank or someone will buy them up and do what they need to do in order to get themselves whole and moving forward..they have enough assets & ATM's over there that they are going to need to be a viable bank in the system once it moves forward

Dr Shabibi has been adamant that the counterfeiting that is going on and in the newspapers is not whats going in in the real world and he would like them to please be quiet about the amount of counterfeiting going on out there because its not as widespread as they are reporting and its damaging the economy because its getting people not to want to hang onto their Iraqi dinars...
He doesnt want them to use dollars - he wants them to use dinars and if they are afraid of their dinars they will use their dollars
and it hurts him in the long run because he then has to really get people educated and hooked back on the dinars...give them a reason why they are there..
He needs to add value to them...more value  than the dollar ..he needs to get people to trust the dinars and When there are people talking about counterfeit currency every day he gets very upset as we do because we know its not as widespread as they are saying its just the newspapers hyping maybe one or two incidents
HE SAYS THE CENTRAL BANK HAS A VERY GOOD HANDLE ON WHATS GOING ON OUT THERE WITH ALL OF THIS....SO DO NOT WORRY ABOUT THAT

We talked about the project to delete the zeros needing the approval from the CBI...
We talked about the old articles coming out..
WE TALKED ABOUT TWO WEEKS AGO IT LOOKS LIKE THEY HAVE EVERYTHING THEY NEED FROM PARLIAMENT AND ANYTHING THAT THEY NEED SHOULD BE VOTED ON VERY QUICKLY FROM THE FINANCE COMMITTEE BECAUSE THE FINANCE COMMITTEE UNDERSTANDS AND KNOWS EXACTLY WHAT THEY NEED TO DO

So we are getting alot of smoke and mirrors with these type of articles coming back out...
We want to make sure you understand these are old articles trying to dilute us from seeing where they are in the process...This
phase that thev've got going on BECAUSE ITS NEAR COMPLETION FOR THEM
Articles coming out about Sept...October...blah blah blah...
all pretty much smoke and mirrors because he needs to keep the value out there - he needs to get this out there to stop this counterfeit craze from taking hold much longer
So he needs to move as quickly as he can to keep his currency in tac and making sure he can do his exchange for the currency
the dropping of the zeroes which is the exchange of the currency and then doing an RV - remember these are two separate events
The dropping of the zeroes is not the RV.....its just the process they are using to bring in the currency and move forward to RV from that point forward once they have all the lower bills in they can go ahead and RV.....they will exchange those bills so that everybody has equal value..so if you bring in 25K note you get 1000 25 notes

There's also other articles that there are symposiums going out there
that talks about the good the bad and ugly of how this going to effect the economy...These are ECONOMISTS...Look at these articles with common sense..look at where they are coming from...who is putting them out there?
The most important articles on this process comes from the CBI
Next most important is from Parliament and the Finance Committe..not somebody elses opinion which would be the economists..they all have opinions...lots of them out there and they all have opinions....you are not going to get all of these economist to agree on this is going to be the best thing for them because thats what economist do....they sit there ..they debate it....etc etc 
Make sure you see the frame of reference these articles are written in and who is writing them

Moving on to Parliament...
The Oil & Gas Law needs to be done..they are not deadlocked - they are ready to compromise.....But Maliki has been messing around with the Kurds this week..he has been yelling at them..they've been saying they can secede....the people in Kurdistan do not want to secede...they want a centralized form of govt because they understand how important that is that centralized form of govt needs on decide on whose going to sign the contracts and how much money off of those oil contracts is going to go the Kurds, the regions, the govts, the local govt..federal govt, which would be Baghdad how much they are going to get..
Remember they are just fighting over percentages from this point forward - they are making sure they are going to get what they want
and it is a bargaining chip and it needs to go away..they need to stop it and they need to get ready to go
Remember we read an article three days ago that on the Exxon deal that Baghdad said okay...we signed off on it ...Kurds have signed off on it....lot of smoke and mirrors

We talked about the National Conference...the article said basically once the agenda is approved on by all parties the National meeting will start within 24 hrs - it won't be postponed til after the Arab Summit...they want to have it done before the Arab Summit which makes perfectably good sense to have that and all of your laundry done before your neighbors show up
You Do not want to be caught with dirty bathrooms....not good...get it all cleaned up - get it out there

Tuesday the House of Rep is in session
On the agenda is the Amnesty Law, Banking laws and we get the idea they are going to be passing some custom tariff laws
that are going to be hopefully passed and ready to be implemented at the time that they havent RV'd because you really can't tax things before you have an RV.....it drives inflation up in the country
You want to have some value so you can control some of that inflation..so people have value to have a little of that...to erode with taxes is good...but if you have little value when it erodes you have big problems.... it multiplies exponetially

Last but not least we talked about the oil quotas and the Ration cards - the mechanism to get the oil revenues out there are going to be the ration cards..they are going to put the money on these cards.....people already have some of these cards that are in their hands...they can get it to the poorest people first and that pretty much that whatever they decided is for the people will stay in the "For the people box"
They will not be able to use it back in Parliament for any other budgetary items.....it has to go to the people now that it has been
set aside for the people...so if there are surpluses they will get more and or less...what they do is go thru and estimate all of these things
and oil sales and right now their oil sales are down but oil is up so they are making more of a profit ...so there will be more money in that once they estimate those sales and as oil goes up and stays up then they will take that extra money and distribute it the following 6 months when they get it out to the people..so they are looking at a bigger chunk and continue to get bigger chunks as it comes out of the ground quicker

Arab Summit - saw a couple of articles today....All of the Arab countries security ministers have all signed off...they are okay with the security going on....Iraq has purchased 400 armored vehicles for this event
Everybody seems to be on board for the Arab Summit ....
We do not see any possibility hat this will be cancelled
Everybody has given their final okay...all is good on that front moving forward

Kuwait moves forward with positive news..still getting all of that together for the Maliki visit

There you have it....Moving Forward Full Steam Ahead..."The Straight Talk Express"



The I.Q.D. Team, Ltd.'s News Articles Coverage

for Sunday, March 4, 2012

Iraq places Warka Bank under guardianship

Central: our stats do not indicate any impact of counterfeit currency trading

Project to delete the zeros from the currency-based and will be announced immediately after approval of the Government Vice Governor of Central Bank

Dry calls to end the disputes between the government of the center and the region around the oil and gas law

Deputy for Law expressed his surprise of the demand for a national meeting before the Arab Summit

House of Representatives resumes Tuesday its second reading of the eight projects, including the Amnesty Law

Abdul-Hussein Abtan: the mechanism of distribution of oil quotas will be on the people by the card Altamonana

MILITARY: Obama salutes Iraq war veterans at White House dinner
 

THE IQD TEAM SALUTES AND THANKS THE VETERANS

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 -  March 4, 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#



Picture

The IQD Team: Highlights Summary Replay Conf Call March 1 Latest INCREDIBLE Iraq Dinar RV News WOW!!!

3/2/2012

 
The IQD Team Conference Call
March 1, 2012
Highlights/Summary & Replay of CC
Thanks to Mark for the summary

Conference Call Replay -  March 1, 2012
Download/Playback
or  760-569-7699   Pin 769478#

THEME FOR TONIGHT:  "Oh What a Night"...Of Incredible News!
Shabibi is ready to go and Pretty Loud & Clear He Speaks!!! 


"Straight Talkin" Mike summarizes tonights News:


What an incredibly Bold Statement from Shabibi...He is Ready.....He came out and point blank said ITS NOT IF I AM GOING TO RV THE CURRENCY...ITS WHEN AND IT IS UP TO ME AND I AM GOING TO BE DOING IT SOON....IN THE NEXT FEW DAYS....WOW!!!!

What happened today?  Really it didn't happen today...
IT HAPPENED 2 DAYS AGO....
DR SHABIBI CAME OUT AND SPOKE TO THE PEOPLE
He wanted to talk about the counterfeit and statements in the media
He wanted to assure the people that the counterfeiting was not as bad as the media is letting on it to be
its not severe..please don't worry about it.. we have it under control and OH BY THE WAY WE ARE GOING TO BE DELETING THE 3 ZEROES FOR YOU AND WE ARE GOING TO BE DOING THAT SOON...IN A FEW DAYS...this is a quote from Dr Shabibi not from Straight Talkin Mike
He said don't have any fears...dont worry about it..its not going to hurt the economy...your money is going to be worth more...hang on to it...please do not stop using you dinar...please use your dinar..hang on to it....I plead with you ..these people are fools that are telling you all these things out there

Then we talked about the banks wanting to get involved in the investment banking end of the business
they want to be able to participate in all parts of this economy
because it is going to grow and its going to grow very quickly
we've seen the numbers...we've seen what they said
they don't just want to bank....they want to become investment bankers like here in America
We had a law that separated our bank from our investment banks awhile back...we took that law down..some can say all hell broke loose then..and that could have caused all of the problems we have now...I dont know...that is a different conversation for a different day
but I can tell you this they became more profitable when that happened and thats what the banks want to do in Baghdad..they want to be able to be a part of this growing economy
thats going to grow very quickly...THEY WOULD NOT WANT TO BE INVOLVED IN THIS IF THE CURRENCY IS GOING TO BE WORTHLESS

Then we talked about an artilce that there is a bill in front of Parliament and they are afraid just like some of the dinar people are afraid that it is going to hurt the economy..it s not going to help the economy and Saleh came out and said no no we have this under control... we're not going to hurt the economy...we're not going to affect anyones net worth...we're not going to take away from anything..we are going to keep the things status quo
and then eventually we will raise the rate after that so don't worry about you walking in taking a 25,000 dinar and walking out with a 25 dinar...thats not the purpose of this....the purpose of this is not to do this...other countries have done this and we know what we are doing...sort of a semi quote unquote is what he said...do not worry go ahead and vote on this...move forward
they want to conduct a study...Dr Shab said 3 days earlier we know the study is already done
alot of what was referred to in that article...Dr Shabibi had already talked about 3 days later stating HE IS GOING TO DO SOMETHING WITH HIS CURRENCY SOON....WITHIN A FEW DAYS was his quote..the translation was from that paper...whether its translated to be that or whether it is longer than that he certainly is going to do something with his currency soon
soon can be anywhere from 3 days..to 3 - 4 weeks ...dont know
but as we are watching things click off the ticker here they are geting these things done
So the news was absolutely fantastic
Then we read about the electronic payment systems over there and how the banks have all this modern equipment and they want to invest in all this modern equipment...cellphones, electronic payments, credit cards that get people all this stuff
basically it is already there...IT IS READY TO GO..IT HAS BEEN
What they have to do is educate the people...
the people are afraid of the banks in what we have seen so far...even some of the articles we didnt read today that maybe you came across out there...the people are afraid of the banks...they are afraid of losing their money..afraid of losing what they put it to them.....they don't understand it...they need to be educated on the process of how these things are done...look you can use your cell phone to bank..you can use this ATM to get money out to get money out of there...and oh by the way the guys are saying we want to stuff these ATMS with more money because we have to put 25000 notes in there and Shabibi is kinda laughing saying well I already told you we are going to give you a currency that you can walk around with thats going to be better and then in order to that we have to kinda increase the value along those lines and then you guys will finally all get it

Moving forward into the Government
National Alliance...The Nationa Meeting...2 articles came out that the agenda is done....are agreeing to move forward..it is my opinion they are waiting to use this a strategy to kinda pull people together and move forward
maybe they are waiting for some sort of event to happen before they have this that they think is going to happen soon and then they will go ahead and put this out but it looks like they've got the meats and potatoes of the meeting done ready to go ahead and move forward getting this meeeting and everything solved..they want to use the constitution..thev've got the groundwork
If you ever worked for a large company and did one of these meetings they are doing what they are supposed to be doing.......not fun watching...but things are getting done...we are moving out of that realm and moving forward

We talked about everyone agreeing and compromising
we haven't seen that happen for awhile but everybodys talking..remember that months ago they were getting yelled at by Hillary Clinton and the US and everybody else saying get yourself together - move it forward
looks like they took that advice and did that

We read an article about Kuwait..Port of Mubarek
Kuwait likes what they are hearing
Iraq wants to build an Embassy in Kuwait
They want to have relations
I think that Chapter 7 is a mute point at this time
they are doing what they are doing diplomatically to settle this
It is my opinion they will settle this issue very quickly
They will have it done - have it at the UN....it will be released
we will not hear about it..we may see small article saying it is done
and then there will be some sort of announcement from Maliki
when he goes over there..a picture ceremony
and then maybe they'll come back to the Arab Summit and that will be what they announce there or maybe that will be the kickoff...Look Kuwait is freed us out now you all can deal with us at the Arab Summit... Lots of political choices...the ball is in their court to make this a HUGE event for them for the Arab Summit

Deb & Mike discuss there beliefs on when they believe this can happen
Deb - it is my belief all of these things are done...thats my opinion
we have Shabs coming out with this incredible statement today and all of the other incredible news we discussed
I believe it can happen in a couple of days..not saying it will...but I believe alot of things have happened behind the scenes and it could happen any time now...

My belief is once they got the budget passed this RV could happen at any point in time from that point forward
My personal belief is I really feel those ministers are important
Based on what Shabibi said today... I believe Shabibi is under alot of pressure right now
this counterfeiting stuff can destroy everything that he has done
it can just rip it apart...the 8 years he has put together trying to make sure that his people like their currency in a one fell swoop in a week..people not liking it.
I mean I think everyone kinda wants to tend to look at the end result
Whats the date and the rate...as opposed to looking at the journey as we go along
He told us in one article we read the people will go to bed..they will wake up and things will be different...
thats what is going to happen..
Thats how we are going to hear about the RV.....We are going to go to bed and we will wake up one morning and it will RV or you will get called in the middle of the night...I look forward to that call...and you are going to know that it has happened and you are going to get up and everybody is going to look at each other and throw your hands up screaming and yelling...and then it is going to hit them
What do I do next?
What do I do next?
so yes things are happening
based on what Shabibi said...i dont know if it is going to be a couple of days...I dont know that he is going to come out and say it and then do it...We know he is pretty truthful about what he does
He has to have a little bit of Magic behind the Old Wizards Mask...
he has a couple of things left that he will do
he'll still do it when he needs to do it on his time and on his terms
basically its there...the pressures are building for him to get this done....but the pressure is also building on the Parliament to get the things they need to get done too...we are certainly combining together
I personally feel that the security minister is really an important part and piece to this whole thing
and we may never hear if that gets done...it may be after the fact....
it may RV and then after the fact find out the security minister was seated 2 days ago...I just think that is a very important piece to this pie and I dont think we are ever going to know how close they are on that type of stuff..that could be why they are putting off the natl meeting...they are kinda postponing it...postponing it.
maybe they want this stuff to be done before that point in time
but we are certainly there at a point in time where things are coming together and these many things have not happened
I guess we need not to concentrate on so much the end of the journey as enjoying the journey as we are in it
Be happy with the info we get...everybody wants to time it because everybody wants to go out and do something special
its going to be terribly hard to time anything...its a fluid situation
this week everything can be good and then something could happen to set it back...internally... externally...because we dont have all the pieces to the pie...we are not privy to all the meetings everybody is sitting in and we dont know what is missing and whats not done ....we are guessing at that from what we see

You start to wonder where are the rumors come from
if he came out a couple of days ago and said this and now it is just hitting the papers
and He spoke to the people in Iraq a couple of days ago
kinda do your backtracking and maybe you can see where they might have got there information...you can kinda see where they might have jumped the gun
if they just would have waited til he does what he does...
But if he spoke to the people in Iraq and he did as we just read
that could have sounded like he was ready to pull the trigger that day...You have to be patient and wait for it to play out...That article came out a few days ago...
Think about that in the whole scheme of things......

Shocked he came out with his statement and that he could be that blunt...it hit me between the eyes...Thats as close I guess that I can get to somebody saying...Take a look at what I am doing...he validates the whole process of what he is doing....He is going to do something with the currency...and Deb says NOT in September guys!!!
Probably why he looked like he did in his picture...very tired..stressed...under alot of pressure to get this done.... GET R DONE

There you have it.....INCREDIBLE NEWS from "The Straight Talk Express"

The I.Q.D. Team, Ltd.'s News Articles Coverage
for Thursday, March 1, 2012

The Central Bank's position on amendment illustrates the Banking Act

CBI: Responds to Counterfeit Currency Statements in the Media

Delete zeros from Iraqi dinar raises fears of parliamentarians
 FLASHBACK

Invitations to complete the use of electronic payment systems

National Alliance: no intention to delay or cancel the national meeting

Kuwait applauds Iraqi statements on port

Includes three axes .. Deputy: Appl Kurdistan Alliance National Conference in earnest all disputes will be resolved

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 -  March 1, 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#
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