Investigate, Question & Deliver
Thursday, July 12, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - July 12, 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
Recap & Highlights of tonights news Discussion and Analysis
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below)
Highlights of CBI/Economy
Tonight we are going to go over 4-5 CBI/Economy News Articles & then The Government portion is a Round Table Discussion...just Great Discussion about where we all think we are with the news about the government
"Adoption of smart card for the distribution of salaries"
"This step will bring a quantum leap in the banking system of the province, as well as the satisfaction of staff in the delivery of monthly salaries"
Great news......we are seeing a Test market for the smart cards in Nineveh province ......They are excited about getting these smart cards and having their salaries on the smart cards because it gets them used to using something that is associated with the banking system...it gets them used to using the Credit card machines...ATM machines and the things that are going to be around...
As we start to move forward we will see more and more of these as they get used to the banking systems...Huge giant step forward
This makes their banking system stronger...makes it awesome .....lets me know their structure of what they have is in place and ready to move forward for any of the international things they want to do with these cards....we have been discussing it for awhile...cables have been laid.......the groundwork is there......and we are further along than we probably even know...
"Five important decisions for the economic cabinet"
"The meeting was attended by ministers of finance, oil, trade, agriculture, The Iraqi Central Bank Governor, President of the National Commission for Investment, Dr. Abdul Hussein Al-Anbuge economic adviser in the Office of the Prime Minister, the Deputy Secretary General of General of the Council of Ministers for Administrative and Financial Affairs, also hosted the Economic Commission for meeting both the Ministers of Electricity, Municipalities and Public Works and Director General of Trade Bank of Iraq"
This was a huge High Level Meeting which happened in the evening.......they had everybody who had to do with everything at this meeting that had to do with the Investment and the Economics of the country.....And if you think that all they talked about is the Trade Bank of Iraq and increasing their capital and restructuring their money think again...this was huge...this was High Level Meetings.....this was a meeting to discuss everything that needed to be done
(I hope Shabibi did a wrestling move on to Anbuge and smacked him around because he is the guy that has caused more consternation in this community than anyone else other than the gurus)
This is a huge meeting...almost positive they were discussing the investment laws that they needed in order to move things forward They talked about restructuring currency - they are really talking about the things they need to put in place to stimulate the economy and things to move forward ...When he goes to these meetings things start to happen because they really seem to get it.... and right before he goes to these meetings he always seems to get the negative articles coming out from the Finance Committee....
Dr Shabibi determines the monetary policy....monetary policy is being developed for this country...going to be the 1st set of things that they do....its going to control everything they do....will control the investment into the country...control how much money comes into the country...how fast the economy heats up....how quickly the government gets its money....how quickly they can fulfill these contracts and he is determining that - he needs a set of rules that are laid down to help him to open up the country for investment...
Taking care of these banks and getting them on line - for them to be meeting and talking about all of this leads me to believe
there is some real high level things going on underneath and those are the things we like to see. The things that can hold up this RV are definetely on the investment side - has nothing to do with who is in power....once that is all decided...and it will be decided...Dr Shabibi knows this and that is why he is working so hard..
This type of stuff not being in place can kill his economy - can make it hard for people to come in....hard for people to get paid
and one of the things you don't want to have when you are expanding is people not getting paid because they will stop working...pull workers off and start demanding payment.....This is huge on the international scene that all that works the way it is supposed to...and the banks are able to come in and do it....When you see something like this where they are meeting into the evening leads me to believe that something is going on underneath the scenes on the CBI side to get their Parliament stuff they need to get done...Huge push for all of this going on .....Great article..my favorite of the night
"Parliament calls for the central bank to take measures to reduce the real exchange rate of the dollar "
"No Shiites".....One of those articles that came out from the Finance Commitee....they should be saying we want to support you in what you want to do....What they come out and say is you need to do this because of XYZ...
Its a program rate so it truly is not a exchange rate.....how about if we RV and then you can start having conversations like this - its almost the cart before the horse and this is where the understanding of the Parliament/Finance Commitee comes in..
You can't fix stupid......its kinda like you know just enough to get yourself in alot trouble and these are the type news articles that people read in the community and everybody think they have credibility....You have to remember where they are coming from and the frame of reference is off of these....Coming from a member of Parliament saying well we are doing good but where does this exchange rate stuff come from...well the person who pushes the exchange rate to the people always comes from Maliki
Maliki knows the only thing that he can do is get the people upset about their exchange rate and then he can maybe have the ability to move in and take over the CBI....that is his grand plan in the scheme of things - maybe it is maybe it isn't..almost seems that way when we see it in the news....Now it is a pattern and I have watched it for two years...when the CBI comes out with 2-3 weeks of articles non-stop almost immediately these type of articles come out on the negative side - they talk about the exchange rate....they talk about the people getting ripped off....they talk about banks not doing what they are supposed to be doing.....banks not in good shape....The only place this comes from is someone in the government who doesn't want them to be successful to try and counter this ....all this is aimed at the people and aimed to create fear...as it does in our community here - we should be smarter and realize where these articles come from ...and I guess that is where my frustration comes from....important to follow the patterns of these articles.....and if you understand where these are coming you can see where the pressure is.....
Maliki wants to stay in power....he wants all the power he can possibly get - been doing this ever since the troops left and before that....he has been out there defeating them....and now that the Central Bank is much better at defending themselves and much better at getting things accomplished and where they are going - and then having this huge meeting today and then something like this comes out to try to tell us basically what this says is RV your money,...but what he is really trying to say is there is alot of corruption out there and you shouldnt trust the bank.....go figure...they don't get it sometimes....because they don't understand it and they are .working towards a goal of just getting people upset
Always remember where these articles are coming from...who they are coming from and what committee it is when reading these articles ...it will give you alot of insight as to why it is not that great of an article and others people analysis ----it just doesn't work that way....they are oversight - you have to understand that there are not people in the government who understand how this process is going to work and a small percentage in the government who want to see it fail.........you have to weed thru them...no different than our papers here in the US
"Deputy: National Alliance is ready to implement article 140 and Council policies after sitting at the table of dialogue"
Pretty pivotal point for all of this..National Coalition - one of the things they keep on talking about is doing it thru the Constitution
there is something in the 140 that is either counter productive to the Constitution that they are hanging there hats on or not and it may seem to be who is going to sign the oil contracts - biggest thing is Maliki is upset that they signed all of those contracts.......and when it comes down to the dollars of those contracts coming back...we have read that at one point in time Kurdistan region has 42-50 contracts and Baghad has only signed 16.....my guess is one of the sticking points on 140 is Kurdistan region wants to keep a majority of those funds for themselves becasue they signed those contracts because they drug their feet and they were not in there ....this is where this constituional thing keeps coming up with the 140..and I think this is where this is at...it is probably a huge substantial amount of money back to the government and going thru - There is a willingness to get this done....a willingness to sit and negotiate it but it truly comes back to the money as we move forward...its important to understand that once they determine where that all is going and where it is going to be that they will come to an agreement with it...and it is on the top of the agenda - It is part of the 9 point negotiation process they have going on...bones being thrown out there by Maliki trying to stave off as long as he can with whats going on with Parliament.....we are watching and looking for this to be done...
LJ'S Next Step Team....Arthur
"Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon"
Excellent article....Arthur shares some great insight into his friend Larry and how important the WTO is to Iraq....."90% of intl trade are member of the WTO"
You can bet that Chapter 7 and Ascension into the WTO were included in those High Level Meetings ..these are things that they are doing...they are on-going - all part of what we need to get to where we need to be....getting out of Chapter 7..getting into the WTO....having all of these meetings.....having all of this progress...we are seeing it move forward...seeing a robust economy - we see Shabibi doing all of these things....I always go back to what the CBI is doing and the big picture that we read about and see...
you can see the progression...never really a shortage of progress being made....laws being passed....Shabibi doing things in order to get us where they and we need to be....All of these things are the modernatization of this country as they move forward and we know part of that is going to indeed soon be the revaluation of the Iraqi Dinar
GOVERNMENT ROUND TABLE DISCUSSION
Great 30 minute discussion and analysis of the news articles....where we stand in the opinion of the two Teams....
Listen to the replay...GREAT ANALYSIS AND DISCUSSION
Quick synopsis...we went over alot....But certainly feel like we are moving in a positive direction...we don't know what we don't know about the government as far as that goes and we are watching a fluid situation..seems to be the undertones are that things are moving underneath..meeting happening behind the scenes...people are meeting - things are being talked about - we are heading to either reform or bringing Maliki out with a Vote of No Confidence...that is where we are at right now and thats fine....it is not necessarily stopping this RV....Shabibi would just like to see some structure there - they can fight about what they want - if he is sure the structure is going to be there and that things are going to get implemented that need to be implemented he will feel very comfortable and confident his window will open for him very widely for him at the particular point in time....
I guess one of the things that will come up tonight is whether this will RV before or can it happen during Ramadan......we talk about this NOT being event driven....gurus get on an event.....this is NOT event driven...Ramadan will not cause this RV to happen....there are certain things that still need to be done internally before this can really happen and move at a quicker pace than it is
Please take it all with a grain of salt if you are hearing gurus calling it all over the place...but things still need to be done.....I would love to be wrong and it happens and I could say Wahoo here we go but my common sense tells me that if we all need to keep grounded and thinking of that we are moving forward and keeping ourselves grounded we will be much better off and won't be up til 2 in the morning
Can Shabibi do it tonight or tomorrow? Bottom line we need to remain grounded either way....Realize it has not happened yet for a reason and that reason is it is an ongoing process - we do the best we can with the IQD Team and The Next Step team to give you the info as it happens and it is occuring and break it down from what we are seeing and everybody can use their own...we all have opinions and we all have different insight.
We can all feel very confident and we are going to get the closure we are all looking for very soon
LJ did a great synopsis of the government - very insightful....should open up your eyes a little bit to whats going on there..nothing major going on there...moving forward...we had a Round Table Discussion that was great....gives you ability to listen to everybody and make up your own mind...thats what makes this world go around....we all feel like we are moving forward
CBI....we had some great articles and events we discussed....
Adoption of the smart cards in one of the provinces ..sort of a test market for these cards....they are going to deliver their salaries to these smart cards - excited about bolstering the banking system in that area..excited about these smart cards getting into the peoples hands....we do not think this is not going to cause the RV....it is not event driven...it is a part of the process of building the banks and people going to the banks..eventually they will add value to it but they are going to get the people used to it.
I talked about remembering back in 1980 getting your first card when you open up a checking account..this check card they were trying to force upon you..... these people are starting at Point A with these cards just like we did....great to see happen and it will bolster the banking system
We talked about the High Level Meetings that went on With Shabibi and just about everybody who had anything to do with economics in the country at this meeting...they met far into the evening - what we go out of the news is that they were discussing alot of the economics situation and I am sure adding value to the dinar was on the table
They talked about the probably more so with the Finance Committee the rules and regs they need to make this economy work - Remember there are many important cogs that have to happen from the Central Bank and the Economics side that have to be in place.....It is as simple as pressing a button but if all of those pieces are not lined up to a certain degree Its like a pressure valve on a tank......you have to open it up....You can open it up slowly....that pressure valve starts to release and you open it up all the way as long as you know that there is no stoppage along the way and it won't blow anything up - thats what the economy is - thats what all of the pieces we talk about are to this economy...that they all need to be in place....So again this was a very huge meeting
We talked about about Article 140 ..listen to the Round Table you will get a much better idea about what is going on with this and on the economics side...
Arthur brought a great article to the table tonight.....Chapter 7 & WTO...what they need to do to get into the WTO..things they need to do...is it important....will Chapter 7 cause the RV...we talked about it not being event driven....eventually because the high powered countries would like to see them out of Chapter 7 it probaby will happen ..they will need to restructure their currency and have a viable currency...it is not going to cause it but these are all things that are going to look good for them for their entrance into this and most of this will happen fairly simultaneously around the time the RV happens because once they have value it fixes alot of these problems
Remember that...one of the reasons they have the problems that they have is that they have very little value to their currency
the minute they add value and pruchasing power to that currency alot of things can kick in and it can go very quickly - they are all voted on and passed they just need to be implemented
News is all good and full speed ahead....CBI is ready....government has negotiations going on underneath and we are looking forward to see what they come up with ....and eventually here pretty soon we will know what they are going to do...whether they compromise on the government side - it is a slow process because they need to do it consitutionally and get things lined up
it is just their culture ...there are alot of things they counted on things getting done and they are going thru it slowly but surely
there will be an ends to a means
And there you have it...
Straight Talkin' Mike plus LJ's NEXT STEP On The Straight Talk Express Bringing You Another Night of Positive News!
The I.Q.D. Team, Ltd.'s News Coverage
for Thursday, July 12, 2012
CBI / ECONOMY
Adoption of smart card for the distribution of salaries
Five important decisions for the economic cabinet
Parliament calls for the central bank to take measures to reduce the real exchange rate of the dollar
Deputy: National Alliance is ready to implement article 140 and Council policies after sitting at the table of dialogue
Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon
NEWS ARTICLE LINKS
SOME VERY GOOD NEWS HAS HAPPENED
OUR TARIQ FROM IRAQ HAS MADE IT HOME TO THE UNITED STATES TODAY
Welcome to Tariq who has made it to the United States
He arrived in the US - received his clearance papers...has arrived in the US and no longer has to fear for his life
Mike shares the story behind Tariq...a great friend of The IQD Team for over a year now....was an interpreter for the American troops where he spent many months hiding and fearing for his life
He decided to get his plight out and has been on our call several times over the last year
We are thankful he has made it here and truly excited about his return
You can read his story on our website under Iraq News....Tariq Plea For Help
We are so excited that he is home.......He is Home Sweet Home..as he wrote on his Facebook page
"I am home in the U S of A"
He sent an email to The IQD Team and to all of you our listeners and followers....
I hope this email finds you well
Finally I am holding my Passport with an Immigrant Visa on it and my plane ticket...On July 12th...I will heading to my new home...the USA
I just wanted you to know because you have all been helping me since Day 1 and I know you will be happy to hear it
I hope I can meet you all one some day...somewhere in the US
Thank you so much for everything you did to help me
Special thanks to Becca Heller, Director of the Iraqi Refugeess Assistance Project for her continuous support and wonderful spirit that kept digging thru the mazes of this bureaucracy to give me a priceless gift like the one I holding in my hands right now
I will eventually be looking for a job so please keep me in mind
Wishing you all a very Happy Day
Very respectfully .....Tariq
Makes you think that what you have here that you take for granted on a regular basis called Freedom...what people will go thru no matter how screwed up we think this country is as some of us do....or how great so think it is as some of us do...that people strive to come here because it is the land of opportunity.....keep that into perspective and understand the greatness you have and the people that have paid the price for that to give us the opportunity to talk about this investment that maybe that will put it into perspective for a few people....There are people on a regular basis concerned about getting blown up walking outside their doors....and maybe it is a just a reality check when you see the vigor and excitement that comes out of people when they get a taste of freedom
WELCOME HOME TARIQ
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 12, 2012
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#