Investigate, Question & Deliver
Thursday, July 26, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - July 26, 2012
760-569-7699 Pin 769478#
The IQD Team plus LJ's Next Step Team
Two Teams, One Vision Working Together arriving at the same place for the Dinar Community
LJ'S Next Step Team and The IQD Team Round Table Discussion bringing more great research, analysis and discussion (Highlights below..listen to the call for the entire discussion...GREAT STUFF)
The Memorandum of Understanding July 18
How things have changed since the 17th
Tony Blinken from the US ...The most important thing is at that same time Tony Blinken from the US and the MOU was signed...don't think it was a coincidence to be done at the same time....
From that time July 17....the end effect is that the US made efforts to kick this into gear and it has been effective....things have changed..
MOU supported the Central Bank more than it supported the Central Government as opposed to what Shabibi has been talking about getting the private sector started....that was real juice to the Central Bank with that MOU being there ..not a coincidence being done at the same time...net effect of those things a push to help to get things going...
USAID and their Role
ISRAR (Iraq Solution For Regulatory and Administrative Reform) and The Guillotine TM in Iraq - A Regulatory Reform Tool being used since 2011 as a 1st step for a country to be able to reform and progress fast thru old laws...used to speed up laws being passed and cut thru the red tape - implemented in 2011 ....what normally would take decades can be accomplished in months....
Now it is tied together in the MOU announced on July 18 officially launching the ISRAR Project - ISRAR will review and eliminate unnecessary regulations that hinder business and private investment. Implementation of these reforms will send a clear message to the international community that Iraq is rapidly creating a new economic foundation. ISRAR is just a number of projects sponsored by the US Embassy under auspices of the Strategic Framework Agreement, to support efforts by the Government of Iraq to strengthen the private sector.
Read more about it here
Discussion about the the distribution of the 25% of the cash surplus for the Iraqis and lack of payment and its effects on the Iraqi people,
Budgets, supplemental budget and what they would need this for and its importance, giving it to them post or Pre RV and its effects on the people in Iraq when they receive it, people playing with numbers while Iraqis are starving, Article 140 & HCL, and more
Bottom line is "sign the 140 and Erbil and all this goes away"
They are working some plan over there and this is moving on their plan sooner than later...Have the support of USAID, ISRAR Guillitone things moving forward quickly
Following the Bouncing Talabani....President Talabani receives President of the Supreme Judicial Council at his residence in Germany
We just need him to come back....Germany or Iraq...who knows where he is...this Justice went over late June ...he was in Arizona for a conference in Phoenix - he stayed there til July 1 and we can't find where he returned to Iraq...no trace where he returned.....We know Talabani is out there...hidden for a reason...we would really like to see him show up somewhere soon....His country is in turmoil...sitting and waiting for him to return.....timing thing because as soon as anybody sees Talabani we will should see the National Meeting....until they are ready we will not see him....pretty strategic plan to get him out of the way til they are ready...can't wait much longer...As soon as we see him In Iraq everyone will have expectations
Two perfect storms moving in the same direction....
CBI needs to get some things done...already talking about the new budget wanting to be in the new dinars AFTER the deleting of the 3 zeroes which obviously implies that there is going to be some sort of value increase for that time....they are running against so many barriers going on....you have the tariffs that really need to come into play which helps with the WTO...Once everything drops into place we will see things take off at light speed one right after the other...THe RV occurs...you get WTO, all the items on the checklist we have been watching for will get done one after the other once the RV happens ...and the floodgates will open
"Finance parliamentary reveal five to seven models for the new currency"
We have seen good things about them starting to talk about Reform and their role in starting committees for these things that need to be passed very quickly, things to get done to support the economy....I think they are starting to get an understanding of the value that is going to be added and I believe to a certain degree it scares them because I kinda eluded to it before government loses alot of power when the people get money and add more value and things become more important...job of what the government does to maintain that becomes more important and people notice it because it starts to effect things negatively ...
Going from 1166 to 1200 in your currency is less felt when you are at $2.00 per dinar and it fluctuates down 2-4% that gets felt in the economy
Trying very hard to get these things done...
Shabibi has said we really want to do a managed float with this currency and really what that does is protects the economy from outside influences and protects the economy from outside fluctuations - they don't have to worry about the price of inflation or the dollar.
If you really want to see how this is done and what it looks like you can go to the Kuwait Central Bank website and you can see how they list their currency now that it is a managed float over there and the description they put out...they have one rate now managed and everybody gets the same rate - based on that basket of currencies that they have and that is how they list it....its very much for the stability of the country.....you have to have your economic policies in place when you are ready to go
Shabibi has been working feverishly ...2nd meeting we have seen him going to with the Finance Committee and he has been doing that very quickly in the last 2-3 weeks...he is moving forward over...he is developing the private sector....he really needs this Finance Committee to get on board so that they can start getting these regulations passed for the banks and they can start letting this economy open up...its like a balloon - once this opens up and they RV-the amount of money that will be coming in to the banking system for projects is going to be HUGE...you see people coming in on a regular basis - they have NO intentions of using dollars - they have every intention in using their own money
"Presidency of the parliament was discussing with the Minister of Finance and the Governor of the Central Bank of the development of monetary policy"
How important was this meeting today?? We had two newspapers one with more info than the other....the importance of what happened and to put the clarity that Nujaifi came in and I like what they said...had to explain to these guys what your position is...Guys stop it with what you think you know.....they got taken to the woodshed...best example...they came out with the understanding they are going to study the laws to be done...This was a VERY IMPORTANT MEETING in this whole piece that happened today..the articles kinda pulled it together
If you want a positive thing that happened today it was this Meeting- the quicker that these laws can be done and the Finance Committee gets what their role is the quicker that all the i's and t's get crossed and dotted so that they can move forward with their economy...Remember juggling lots of balls for the RV but from an economic standpoint its a very complex set of things that really have to happen
We all joke and everybody hears the gurus say just press the button and wonder who is in charge...all the conspiracies China etc etc but Shabibi is in charge of the whole orchestra...but what he is in charge of is not just pressing the button - he is in charge of infusing his new economy with life...the lifeblood of any economy is commerce....injection of loaning money..it has to do with creating jobs...creating financing projects so the banks work hand in hand with building that....if you loan money to the projects you start employing people..all this starts to happen to get more money...they put their money into the banks...banks loan more...all fractional banking...you start to see that circle go..people get going...they get paid more they get raises...they in turn become entrepeneurs and start their own company...start filling the needs inside their own economy for things that are missing - entrepeneurial people start coming in
We talk about USAID being there seeding these people with cash and capital to move them forward to give some lifeblood to this economy
You seed with some entrepeneurs...banks into a system...
Now you don't want anything to block it like a labor law that says regardless of whatever if you start this project you can only hire Iraqi people...problem with that is we want to do the job but I have to bring in trainers to train the Iraqi people but the labor laws say no I have to hire 60% Iraqis regardless....these people are poor -they need jobs ...you have to get them going…...you as a laborer say I can't hire these people...I can't teach them to pour cement..I have to bring trade people in to teach them how to do this, learn the trade and do whatever they can to help them build these projects
You need the laws in place to open up so they understand its okay and they will be protected when they go to the WTO..they will be protected with these other organizations that will come in and help allay any fears that the have of people being taken advantage ...it all fits hand in hand.
There is NOT one event that is going to make this RV happen
Not one person who knows ahead of time that this will happen
Not one banking person other than Shabibi that knows what is happening and all of the pieces that are going thru - they may have an inclination it is going to happen like we do...they may think it is close and do all of this other stuff and they can speculate on all of that..But Watch the economy grow..watch things grow...this is going to happen....when you look back hindsight is going to be 20/20
PRETTY IMPORTANT MEETING THAT HAPPENED TODAY..We had about 205 reps so we had the The full Finance Committee probably there...GREAT SIGN FOR US....lets see what kinda action we will see in the Gazette with the laws that need to be passed
RECAP LJ's NEXT STEP TEAM
Light news day but at the same time we have now an idea of the differences between who is really making things move...who is the catalyst behind things moving…..US govt giving them some help...
We found they are still going to question Maliki
Excited that Sadr finally came out and said you guys are making money and you are not sharing the money ... whats the deal?
moving forward we just need to let it play out...hate saying that but it is the truth...moving ON towards the NEXT STEP
And there you have it...
Straight Talkin' Mike & LJ'S Next Step Team On The Straight Talk Express Bringing You Another Night of Positive News!
News Coverage for Thursday - July 26, 2012
CBI / ECONOMY
Presidency of the parliament was discussing with the Minister of Finance and the Governor of the Central Bank of the development of monetary policy
Finance parliamentary reveal five to seven models for the new currency
President Talabani receives President of the Supreme Judicial Council at his residence in Germany
Rebuilding Iraqi Justice From the Ashes
Meeting of Iraq renews its call to speed up questioning Al-Maliki
HSS Announces refusing to block vote on supplementary budget
"Liberal" to address the Council of Ministers: you want to take money and you want to distribute surplus
Maliki receives message from Obama
Kurdistan Region President: I have not at any time refuse to hold meetings with the National Alliance
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 - July 26, 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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