Investigate, Question & Deliver
Tuesday, August 21, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - August 21, 2012
760-569-7699 Pin 769478#
Recap of the News tonight
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article listed below - the following is just a recap)
Straight Talkin Mike
We discussed tonight about the article we read last week about the banking system being shut down for seven days while they implement this new banking system - it allows other banks to talk intermittently to them and they can talk to the other banks - they can transfer bank balances that are going on – that’s the reason why you have seen the auctions are being cut off because they are not open for sending out money - they are only open for receiving money at this particular point in time and the auctions are shut down - what this is going to lead them to is really becoming more Basel compliant so that they can understand where their customers are coming from so that they can figure out where every dollar is coming and going from
that’s the idea - all of our banks are going to this as we heard on Fox News this past weekend - everybody is fighting it because it is a lot of paperwork - alot of getting to know your customer - alot of knowing where this money is coming from when you have large balances coming in - where is it going - where it is going to end up - who is going to be on the other end of the transaction – It’s really a compliance thing that is needed to figure out where the money is going at this particular point in time and that is debatable but in Iraq it’s going to help them figure out where they are at
We talk about inflation being right around 5.7% and in this article they talked about the the re-evaluation process of their currency and they declared that they are going to do this - drop the zeroes and get it done by 2013...great article that talked 3 times about the re-evaluation of their currency in the article.
We talked about the scams going on in the streets of Iraq just like they are going on in the dinar community.
People in Iraq getting scammed out of their money in the streets - being sold fake coins and fake currency & fake foreign currencies in order to take their dinars from them - people see that there is going to be value or they just want to take it and resell it because they have been shut down on the street - As we have seen in our community and as we have said many times you need to be very careful about sending your money to anyone or taking any different money for it until you know that something has gone on with this currency by looking at the CBI - we have talked about this over and over again - there is value to what you have in your hand - it has a value - you can take it and sell it today and that depends where you sell it to - but for the most part you can sell it for $800 -$900 per million - people know this -its valuable and they will take it from you because they can get this for your dinar.....You are looking at the future where it is going to be worth more so some want you to think it is worth nothing at this point in time.....Your dinar has value...we are guilty sometimes of saying it is worthless but it has value at this point in time because it is worth pennies..but all of those pennies add up to being of value and there are people who are willing to take that from you for that - willing to take the money and run....as well as they are in the streets of Iraq as talk about in the article we read tonight....to save it for a rainy day or sell it and get what they can for it....Always Remember there is value to it at this point in time and in the future.
We talked about granting licenses to more foreign banks and they want these banks to be more Islamic favorable where they don't charge interest and let the people operate within the function of the Islamic banking that they have set up - that they are more aware of what they need to do and offer when people come in - they will be tied internationally when they come in and they will be able to help finance these projects and they want people to come in
We talked about people keeping their money in the bank - using their credit cards paying for a hamburger later with their credit card while they keep money in the bank - these are reserves and fractional banking and it gets things to go - there is information on our website that discusses fractional banking and it just makes the banking system stronger when you have people depositing money in there
And we discussed the record level of imports that are going on and really oil is up to where they are pumping in 2003 - they have that going - it is huge economy based on oil and the oil is growing - doing what it needs to do and doing well with it all
Nothing but positive news from CBI
Mike gives a great analysis and discusses where we stand with the government....Talabani, Iran and what this means for us, The Oil & gas Law and much more.....Listen to the recording
And there you have it...
Straight Talkin' Mike On The Straight Talk Express Bringing You Another Night of Positive News!
News Coverage for Tuesday - August 21, 2012
CBI / ECONOMY
Gulf currencies linked to the dollar prevents flexible interest rate
500 billion dollars expected surplus trade balance
Annual inflation in Iraq has reached 5.7 percent
Gangs scam selling fake foreign currencies
Central Bank decides to grant licenses to foreign banks that would like to open branches in Iraq
A leading role in the rule of law: the central bank has become an independent state within the Iraqi state
The Central Bank of Iraq
Oil exports from southern Iraq is heading in the "August" current to a record level since 2003
Oil Expert: intransigence between Baghdad and Erbil cause delay oil and gas law .. And will begin soon with the assistance of the Federal Court and the United Nations
Iraq’s clout as oil producer grows, but many citizens feel they’re missing out on the boom
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 - August 21, 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 8PM EST
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