Investigate, Question & Deliver
Tuesday, July 3, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - July 3, 2012
760-569-7699 Pin 769478#
Thank you to LJ's Next Step Team who joined us again tonight...
LJ, Don, Barney, Tracey, Tim, Arthur
We joined together again tonight for a Joint Round Table Call ..Two Teams, One Vision Working Together arriving at the same place for the Dinar Community
Highlights from some of the Best News Articles Discussion and Analysis
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below - the following are the highlights after the articles were read and a Recap follows)
"The central bank determines the proportion of foreign currency granted to banks"
Couple of good things in this article...at the beginning we have been talking about them getting control of the monetary policy and also the exchange.....having the banks exchange...This is the next step....one of the things a bank can do that the Central Bank can't do is you have to prove to a bank who you are and where you are taking the money.....at least who you are...Eventually they can have the rules to say where you are taking the money similar to what we have here in our country for terrorism purposes....they can enact all of these laws and get those going....we are in next stage of this...and basically what they are going to do is let the banks participate based on the amount of capital they have which makes sense...you want them all to have enough skin in the game so they don't overdo what they are doing....and it doesn't entice somebody to come in and put out more dollars and take back more dinars than they have to....basic good rules
They talked about the banking system and how they want to trade.. bank...how they want to participate - and the key thing is they talked about the laws not being ready for the banking system just yet -
One of the things we are watching in Parliament with the Finance Committee is these 16-20 so rules, regulations, laws that need to change for the banking system...They were supposed to come up for a vote then it got very very quiet again with that information which leads us to believe they are either working on it underneath or they may have voted and passed on some of it - sounds to me like they must have passed some of the little things to help with this money situation because we are starting to see articles talking about money laundering, etc being able to be handled by these banks...people starting to grasp what is going on
The banking sector getting stronger by the day over there....
and again they are not doing this so they can have a worthless currency
At some point in time this is all going to come back in spades but if they don't have a good foundation set up they are going to lack some of the things they need in the future...so we are seeing the foundation being set up Step by Step and it is moving forward
"Central Bank expresses its hope that the adoption of the new currency in the budget next year"
The article says "He stressed that the completion of the project for the improvement of the payments and to facilitate the circulation of currency, he said, adding that the process will RAISE THE EXCHANGE of currency and its value in improving the domestic and global market."
Absolutely a wonderful article that lets us know they are starting to move forward - Saleh says this is a process that has already begun and that we are in the middle of this process...over a year ago....yes we knew that...thats where we find comfort here...we don't get excited one way or the other because we know that the process is moving forward however long that takes...its perfectly fine because the end is going to be a nice gain for us when it comes to completion...and as they get the government together the Central Bank is ready to go..they need some regulations and they need the government together.....when LJ talks tonight he is going to be very excited because there is movement and things going on inside the government and when we talk about things moving more quickly....we always talk about time and how it is always crazy how long it takes them to do things....light speed is when we see things happening in 3-4 days when there is nothing going on and all this bickering going on ...so you are going to see movement and be confident that this movement is going to be a positive end...look at what the Central Bank is telling us...they are ready to go forward...they are NOT going to decrease the value..they are going to increase the value....increase the purchasing power...they say it over and over again - I don't have a crystal ball - we are going by what they tell us - makes sense economically - educating the people
If the first phase was over a year ago...we are now in the regulation phase where they need to get all of these regulations in place
so when they handle the RV they can handle the investment coming in
Think about opening a balloon and letting all the air out....when you are trying to blow it up....Thats what this economy is like.....he's blowing up it up slowly by slowly and the minute he does this RV he will have an influx of people coming to his country for oil and everything else they have there
LJ shares how excited he was hearing Wolf Blitzer talking today about Iraq for 7 minutes on CNN.......need to watch that if there is a repeat...hope it replays...saying good things about Iraq...very very exciting
It took me back a couple of weeks ago listening to Mike talk about the banks...articles that had came out where Saleh came out and said we are going to hold off until the environment is correct for removing the zeroes...two days later he came out and said
You know what we have a responsibility economically to Iraq...we will not hesitate to move as soon as the government is complete
Its almost like they are telegraphing something that maybe going on in the government.....Exactly!!
Speaks volume to us that something is going on......should speak volumes to us that alot of people in the dinar community
the last couple of weeks out there saying the currency is worthless...I don't know why they do it but the fact that they are doing it should be telling us telling us something is about to happen because the government is looking like it is going this way...the economy looks ike it is going that way and you hear all of these crazy stories ......This article that ends with "the process will raise the exchange of currency and its value in improving the domestic and global market."
Great stuff....Love it.....
"The central bank's license (25) banks sell foreign currency"
Where did these regulations come from...The Guillotine Process"
They can do things very quickly with this process....this is the perfect opportunity for the Central Bank to bring in rules and regulations to get the currency exchange into the bank - just like we go to a bank for a foreign currency or international currency
thats the type of system they want in Iraq...if you look at our banking system....this is what they are trying to mirror over there
Read about it...its not MY words...its in the "Future of Iraq Project" (available on our website)...READ IT ....if you are new to the dinar community and you don't have an understanding go to our website and Read it..it will tell you the process they went thru in Iraq to get this economy back on....We are in the final stages of getting that economy back together - which is the banking system...they are going to follow a banking system similar to our banking system here...a centralized banking system with fractional banking....and its going to make that country BOOM when it actually comes into full effect....We are seeing this happen right before our eyes...
these Rules and Regulations are getting passed very quickly..they are coming up - they have 88% of the banks on ...12% that they will probably get out of the way, fine or they will move but they are going to go ...going to play ball.....this is the way they are going to get the exchange rate under control inside the country and Why is that?...Because if I RV I have to make darn sure that my people do not get ripped off...I could care less what goes on outside the country but if I have money changors that know what is going to happen they can hoard the money....they can take the money from the people...they can take the wealth from the people...but if it is in the banking system everybody has a fair shot....you don't go out onto the street and get ripped off....
As we have heard in this community and all of the stupid cash in early deals...about the people getting ripped off by trying to cash in early and going to other places besides the banks....and losing there dinars with people other than Banks.....this is exactly what they dont want to have happen in Iraq...they want it done thru the banking system thru the regular channels....
Words of Wisdom...if anybody asks you to go outside those channels...RUN far away from them.....they will tell you all kinds of stories and it will all be to get what you have...be careful abuot that.....they are trying to you should take note too....
"Iraqi trade import licenses imposed on all imported goods"
Sounds like activation of the tariffs...excluded some goods....this is a tariff...they stated they are going to vacation some items...didn't give us a full overview of it ..I think what we are seeing here is either a back door placement of these tariffs coming on board very quietly....without fanfare so it doesn't pop inflation... get people excited about goods and services going up - It gives the Central Bank some cover so they don't have to worry about whats going on at this particualr point in time so they can still go forward ...If you are asking me I think we have selective tariffs of goods and think we are moving towards getting this economy on track...that is a great sign for all of us...we will look for more articles that say things about these tariffs..we may not see them but it is my guess that those tariffs are in place on certain items as we speak at this particular point in time.....Of course that also opens them up to be in the WTO...
STRAIGHT TALKIN MIKE CBI ECAP
Great night for the CBI...outstanding..we heard about the Banking system being put in place
We are seeing the finalized plans for the banks becoming the place to exchange for yourself and getting things to go forward as we do in this country - The Banking system will be the #1 place where people will transact business....and all the economies will evolve around the banking system as it was set up in the Future of Iraq Project
They are not doing this because they are going to have a worthless currency...Saleh told us we are already in the middle of the project to delete the zeroes....he talked about that there will not be a decrease in value - there will be an increase in purchasing power and that they are very confident they can come into the international world with a solid currency
We are excited about this....we know we are in the middle of this process...its time to just be patient...let the process work
let them get the things they need in place to move forward
We talked about just a few more regulations that need to be passed - things are passing quickly..we talked about the Guillotine Trademarked Process - its a process they use to get laws & regulations thru ...they can get things done as quickly as they need to with this Process....what normally would take decades can be accomplished in a short period of time....In the world of economics that could be just a few days to have things going
We talked about the tariffs...this told me they have put selective tariffs on goods coming into Iraq - this helps them in two ways...#1 starts to keep people from dumping poor goods into their country which they need to have happen......gives them a means to start tracking things and making sure they know what is coming into their economy so that they have solid goods coming in
It will add a little bit of inflation - but its very quiet so the Central Bank will be able to work thru this and do what they want to do
Talking about the new budget being put in the new dollars as we come forward... remember it does not mean an RV has to take place.....it has to do with purchasing power - these are the things we want to hear about...they are talking about the completion of the process and when this process completes we can breathe a sigh of relief
We are talking about The Next Step...when we say things are getting processed and going thru...it does not mean the RV is immenent...it means the process and the next steps are finishing up...we finish up one step and LJ talks about the next step we get excited about that step because that means we are one step closer to the end of this process....Neither I nor anybody else knows when this is going to happen but we are following these steps...the things that need to take place before they can officially go forward and we are excited because those steps are getting fulfilled...
LJ's Next Step Team discuss the following 4 articles and is a must listen to portion of this call to understand where we are with the
"Iraq expects to question al-Maliki in September and Sadr back"
Reform...Reform..Reform.....They want this reform done........
Extremely exciting article - we are going to see Reform over No Confidence and we should see something relatively soon depending on when Talabani gets back into the country.......Listen to the recording for all the great analysis
"MP: KA ready to support Maliki if he performs according to constitution"
Great article - shows the Kurdistan position
Kurdistan Alliance is the last group that pulled back the Vote of No-Confidence...so that was great to hear in this article
(Listen to the recording for all the great analysis)
"Source: meetings away from the media between Sinead and Jumaili and infallible resolve differences"
Sounds like a Preparatory Meeting at a High Level...Good for us to see this ...Need to put the leaders together from each party for a meeting and in the article they name them....
"will get together and hold meetings without media to resolve the crisis in quiet"...keep it away from the media.....lets make sure we are going to have success....we have all agreed to the Reforms....so now we are going to create this environment that when we get together in public and we are in front of our 32 million citizens we are going to present an environment of a Unified Iraq.....
You guys this is exciting because this is the first time you have people representing each party that are coming together in a concerted effort...an effort that Maliki, Allawi, Barzani is making by sending their representatives....they all understand what is going on and the importance of the agreement and why they are going to meet up with Sadr ..and then Talabani.....Get truly excited about seeing this progress ...Everybody is tired of hearing about the meetings to have a meeting to have a meeting...lol
Very delicate situation there that have never gotten along since the beginning of time and now we are asking them in 7 years to come up with a plan that will benefit themselves and possibly the world
and they have the pressure of getting it done....they know what they have - they are not under pressure....they believe everybody is waiting on them....not to change on a global scale, economic scale, or a corporation, etc...more important They are saying...We have to make sure we have all of our eyes dotted and all Ts crossed for us because if this falls apart and we don't present a Unified Iraq going forward we will have failed and if we have a fracture later on down the line and we have not put the mechanisms in place to make sure that we can have success that we want the world to see we failed.....
This process right now is determining the Future of Iraq and where they will stand...and we are Seeing this happening right before our eyes.....this event tells me that relatively soon here when Talabani comes back.....He has an ear to everything that is going on...
"Talabani's office denies the deterioration of his health, he points out exercising is currently in Berlin"
The team discusses Talabani's health and the many articles that came out with conflicting stories
Talabani said not only am I fine..he knows exactly what is going on
Not only am I aware of what is going on...I have constant communication witht he leaders and I am for Reform
I had a complete knee replacement....he is 78 yrs old...has health conditions and had to go thru rehab...Has to be put thru rigorous rehab in order to get him back to speed
He is telling us today that he knows exactly what is going on...he is fully aware of where we are trying to get to...also trying to get back as soon as he can
I expect him to come back soon....if he can get on a plane....he can recuperate in Iraq...right now they need him....With what is going on with the government you have to strike when its hot
Right now we have a concept going on in Iraq
Everybody is hot...everybody is ready to move....All parties are in Agreement.....they have come to a Reform Agreement
This is what Jufairi has been putting out - I am not only creating the Reforms for the National Alliance
Hakim the diplomat in this whole thing asking all these open ended questions taking notes and saying this is how all the parties feel - saying if we can take our feelings and put them aside...lets work this out and get it done
When Talabani comes back they are preparing for it....
Other articles came out saying Talabani was coming back soon..they were calling for him to come back yesterday...I don't know that he is NOT back.....I will tell you he is coming soon....Barney says it best - he calls him "Talabani Claus"..well Talabani Claus is coming to town...With the news we had tonight....we as a Team have been waiting and waiting and been on Talabani watch for him to show up....well today was the day he showed up..he said look I know exactly whats going on - I am fine...I am not dying - the news reports was untrue....I had a complete total hip replacement....
RECAP - Government - LJ's Next Step Team
Everybody is ready to go....they have come to a Reform
We are moving towards reforms and we are moving towards them fast...The Iraqayi List is in Amman Jordan in meetings over there and they said Allawi has a victory...
Well what is Allawi's victory in this?
Allawis victory in this is that he gets the National Council of Strategic Policy...If the reform speaks of him getting his National Strategic Policy and we have a true power share then Allawi has won....
If Barzani says that he is going to meet and they will regain confidence in Maliki then what does that tell us?
That tells us that HCL and Article 140 has been mentioned, addressed and agreed to within the reforms...
What does Maliki want? He wants not to be questioned..he wants to stay in power...he is going to have to share it but he wants to stay in a position to share power and he wants to offer these positions to the Natl Alliance and have them represent what he wants...
Believe me all three of them know exactly what the others want.....all 3 of them know it...thats what Reform Means..that whats the Dialogue has meant....so we should be extremely excited...I know we want the RV yesterday....
Don....Obviously we want to go ahead with the RV...the one thing we found that was very exciting when we were on the Talabani watch is the fact when we had not heard from him in 2 weeks then Chalabi goes over there with some of the Council of Ministers......actually visited him which was a good thing...
Guys it is looking really really good ..very excited that they are moving in the directions where we need them to move
Just the fact that all 3 of these groups get together and having these high level preparatory meetings tells us wonders
And there you have it...
Straight Talkin' Mike & 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 Tuesday - July 3, 2012
CBI / ECONOMY
The central bank determines the proportion of foreign currency granted to banks
Central Bank expresses its hope that the adoption of the new currency in the budget next year
The central bank's license (25) banks sell foreign currency
Iraqi trade import licenses imposed on all imported goods
«Iraq» expects to question al-Maliki in September and «Sadr» back
MP: KA ready to support Maliki if he performs according to constitution
Source: meetings away from the media between Sinead and Jumaili and infallible resolve differences
Urgent .. Urgent .. "They want to Gantt has been" America threaten al-Maliki to intervene to protect democracy in Iraq!!
EXTRA ARTICLES OF INTEREST:
Talabani's office denies the deterioration of his health, he points out exercising is currently in Berlin
Talabani meets with Iraqi officials, politicians, and stresses: Iraq will cross the current problems through dialogue
Jaafary, PUK delegation discuss preparations for national meeting
Asadi: Political Reforms Committee to meet Tuesday afternoon
Mr. Muqtada al-Sadr calls for Maliki because serious about reform before the withdrawal of his confidence and "too late"
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 3, 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#