The IQD Team
Investigate, Question & Deliver
Thursday, September 20, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - Sept. 20, 2012
Download/Playback
or
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 from the list at the bottom - the following is just a brief Recap)
RECAP CBI/ECONOMY
STRAIGHT TALKIN MIKE
Brief recap from the articles we read and discussed tonight.....
We discussed the Parliamentary Committee of the Legal Committee CONFIRMED that the deletion of the zeroes is constitutional - that there is nothing more required for the CBI to do
They have done what they need to do and they can move forward constitutionally with their project
Now remember they had alot of different things going on with what was happening with this project of deleting the zeroes and dealing with the currency...and you had the Parliamentary Committee trying to bring Shabibi in talk to him about it - so he went to the legal committee and said this is legal and they confirmed that it is
We talked about the inflation rate being under control - 14% for August - which brings their annual inflation rate to somewhere about 5-6% -they are happy with that - they have their inflation rate under control - housing is going up - salaries are coming down they are right where they need to be with the inflation - I don't think you are going to see it go too far from there
We talked about the Chamber of Commerce talking about how an economic boom could happen over here - Chamber of commerce urging the Jordanian people to get involved, as well as Americans to get involved with Iraq because they feel there is going to be a boom in Iraq - Remember what the Chamber of Commerce does - they try to point out opportunities for American Businesses around the world that they can take advantage of and also world people who can come in and take advantage of situations in America here
Financial Conference in London concluding and several recommendations - Most of those recommendations
were about getting the Parliamentary things to get done that needed to be done inside the executive branch - talked a little bit about banking and the laws and getting people interested in the banking
The primary thing is that Shabibi laid out his road map - showing the people where he is going - how he wants to do it and how he wants to get there........All Great stuff
Remember this is all a slow process that has to be done and its important to the economy for this banking system starting to build itself and starting to get people used to it - Eventually they are going to have money to put into the system at some point in time and they want to be sure that can be safely done
We talked about HSBC getting out of the Iraq market - Why did they get out of the market? Simply put they don't want to take the risk - just like you - if you are nervous and upset and think something is going to be different you would withdraw and sell your dinar and get out of this currency at any point in time that you want to - If the heat in the kitchen gets too hot then you get out of the kitchen and this is what they have decided to do - Can they come back in? Yes they can but based on what they see and that they seeing it as a risk - at this point in time they are not willing to take the risk - its not the end of the world - you are going to have companies coming and going - alot of people can't stand this type of investment - it is a high risk - high reward type of investments for businesses - not everybody is Donald Trump...not every bank president can make the right decisions...Remember that...Alot of people will jump out of this currency because of all the things they hear - alot of people are driven crazy by this currency and should get out but they don't - you have to apply common sense - businesses make decisions and you also need to make decisions - just all makes sense when you put it in those terms
RECAP GOVERNMENT
STRAIGHT TALKIN MIKE
Brief recap from the articles we read tonight......
WOW....what happened in the government....Lots going on in the government - It was a great couple of days in the government...
We took a big look at Article 140 tonight - what transpired this week - Maliki let go of the funds to pay the oil companies which were disputed for the Kurdistan region - this was huge lift to the Kurds - they were able to pay oil companies - they were able to get a portion of the proceeds that they were supposed to get - they even upped in from 11% to 17% going back to them - they were very very happy - the regional councils in Kurdistan voted and approved this - Bagdhad approved this - this was the approval of the monies sitting out there in the contracts and legitimizes what the Kurds signed and now they get to share a little bit in that revenue and they are very happy because they know it is going to happen - Now they talk alot about the things that need to get done - they still have the disputed regions and a few other things that need to get done but we talked about the Parliamentary Committee taking up and hearings on the 140 so they can get this passed next week - that is the closest we have ever been and they are actually talking about it and really going forward
Maliki got spanked - wanted to come to the US to meet with Obama and got turned down - being turned down in that fashion is a very very big sign - one of the reasons noone wants to meet with this guy is he is toxic and because of the Hashemi matter - Hashemi is singing on the highest mountain that Maliki is bad and that he needs to get looked at from the international community and taken care of - he's telling them he is dealing with Syria and Iran and stealing from the Iraqi people -trying to build his case from outside and I hope he says it everyday - it makes Maliki toxic and have to do things at this particular point in time
We talked about the approval from Kuwait to remove Iraq from Chapter 7 - they have been given it for years - they are ready to go - it is pretty much tied to the formation of their government - once this is in place they will be able to remove the final chapter of their sanctions which is Chapter 7 and and they will be ready to go - makes no sense to remove it before the formation of their government at this particular point in time because the UN has no recourse if something goes wrong - where you form some sort of dictatorship you want to have some sort of stronghold in their to come back and say you can do these things or you haven't met these agreements
Overall we had a great day in Iraq in terms of moving things forward - what we are waiting on next to see the date of the National Meeting and see if we can get the rest of these reforms passed - we have people talking - biggest hump in the road for the National Meeting is going to be Allawi and his power sharing and seeing where that goes - that is one of the big hurdles - I think what you have here is Maliki attempting to back door him and bust up the coalition by dealing with the 140 - great for us - we will take it - We will take it but eventually he is going to have to deal with Allawi and the situation that allows Allawi to have some of that power and moves in - Eventually he is going to have to give up a chunk of his power and that is when he is going to be eventually done and eventually he will drop out of the politics of Iraq
And there you have it...
Straight Talkin' Mike On The Straight Talk Express Bringing You Another Night of Positive News!
The I.Q.D. Team's News Coverage
for Thursday - September 20, 2012
CBI / ECONOMY
Parliamentary committee confirms legal project to delete the zeros from the Iraqi currency
Central: Annual inflation is not large and under control
Iraq's bank and financial conference in London concluded in several recommendations
American Chamber of Commerce: Iraq on the eve of an economic boom can not be overlooked
Bank (HSBC) decide to withdraw from the Iraqi market
=====================================================
GOVERNMENT
Council of Ministers of the Kurdistan region endorses the oil agreement with the federal government
Legal amendment investment and tariff
Kurds are waiting for Maliki practical steps to end the file of the disputed areas
Talabani Party: No agreement with Baghdad without the consent of Barzani
Nechirvan Barzani: our oil problems with Baghdad on the way to being resolved but Priority for the application of Article 140
Article 140 Committee parliamentary hold its first meeting next week
Maliki cancels his trip to the United States after the White House rejected arrange a meeting for him with Obama
Hashemi: Maliki facing international criminal prosecutions
Breakthrough soon in the case of the approval of Kuwait to remove Iraq from Chapter VII
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 - Sept 20, 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 8PM EST
760-569-7676 769478# or 712222#
Investigate, Question & Deliver
Thursday, September 20, 2012
Highlights/Summary & Replay of Conference Call
Conference Call Replay - Sept. 20, 2012
Download/Playback
or
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 from the list at the bottom - the following is just a brief Recap)
RECAP CBI/ECONOMY
STRAIGHT TALKIN MIKE
Brief recap from the articles we read and discussed tonight.....
We discussed the Parliamentary Committee of the Legal Committee CONFIRMED that the deletion of the zeroes is constitutional - that there is nothing more required for the CBI to do
They have done what they need to do and they can move forward constitutionally with their project
Now remember they had alot of different things going on with what was happening with this project of deleting the zeroes and dealing with the currency...and you had the Parliamentary Committee trying to bring Shabibi in talk to him about it - so he went to the legal committee and said this is legal and they confirmed that it is
We talked about the inflation rate being under control - 14% for August - which brings their annual inflation rate to somewhere about 5-6% -they are happy with that - they have their inflation rate under control - housing is going up - salaries are coming down they are right where they need to be with the inflation - I don't think you are going to see it go too far from there
We talked about the Chamber of Commerce talking about how an economic boom could happen over here - Chamber of commerce urging the Jordanian people to get involved, as well as Americans to get involved with Iraq because they feel there is going to be a boom in Iraq - Remember what the Chamber of Commerce does - they try to point out opportunities for American Businesses around the world that they can take advantage of and also world people who can come in and take advantage of situations in America here
Financial Conference in London concluding and several recommendations - Most of those recommendations
were about getting the Parliamentary things to get done that needed to be done inside the executive branch - talked a little bit about banking and the laws and getting people interested in the banking
The primary thing is that Shabibi laid out his road map - showing the people where he is going - how he wants to do it and how he wants to get there........All Great stuff
Remember this is all a slow process that has to be done and its important to the economy for this banking system starting to build itself and starting to get people used to it - Eventually they are going to have money to put into the system at some point in time and they want to be sure that can be safely done
We talked about HSBC getting out of the Iraq market - Why did they get out of the market? Simply put they don't want to take the risk - just like you - if you are nervous and upset and think something is going to be different you would withdraw and sell your dinar and get out of this currency at any point in time that you want to - If the heat in the kitchen gets too hot then you get out of the kitchen and this is what they have decided to do - Can they come back in? Yes they can but based on what they see and that they seeing it as a risk - at this point in time they are not willing to take the risk - its not the end of the world - you are going to have companies coming and going - alot of people can't stand this type of investment - it is a high risk - high reward type of investments for businesses - not everybody is Donald Trump...not every bank president can make the right decisions...Remember that...Alot of people will jump out of this currency because of all the things they hear - alot of people are driven crazy by this currency and should get out but they don't - you have to apply common sense - businesses make decisions and you also need to make decisions - just all makes sense when you put it in those terms
RECAP GOVERNMENT
STRAIGHT TALKIN MIKE
Brief recap from the articles we read tonight......
WOW....what happened in the government....Lots going on in the government - It was a great couple of days in the government...
We took a big look at Article 140 tonight - what transpired this week - Maliki let go of the funds to pay the oil companies which were disputed for the Kurdistan region - this was huge lift to the Kurds - they were able to pay oil companies - they were able to get a portion of the proceeds that they were supposed to get - they even upped in from 11% to 17% going back to them - they were very very happy - the regional councils in Kurdistan voted and approved this - Bagdhad approved this - this was the approval of the monies sitting out there in the contracts and legitimizes what the Kurds signed and now they get to share a little bit in that revenue and they are very happy because they know it is going to happen - Now they talk alot about the things that need to get done - they still have the disputed regions and a few other things that need to get done but we talked about the Parliamentary Committee taking up and hearings on the 140 so they can get this passed next week - that is the closest we have ever been and they are actually talking about it and really going forward
Maliki got spanked - wanted to come to the US to meet with Obama and got turned down - being turned down in that fashion is a very very big sign - one of the reasons noone wants to meet with this guy is he is toxic and because of the Hashemi matter - Hashemi is singing on the highest mountain that Maliki is bad and that he needs to get looked at from the international community and taken care of - he's telling them he is dealing with Syria and Iran and stealing from the Iraqi people -trying to build his case from outside and I hope he says it everyday - it makes Maliki toxic and have to do things at this particular point in time
We talked about the approval from Kuwait to remove Iraq from Chapter 7 - they have been given it for years - they are ready to go - it is pretty much tied to the formation of their government - once this is in place they will be able to remove the final chapter of their sanctions which is Chapter 7 and and they will be ready to go - makes no sense to remove it before the formation of their government at this particular point in time because the UN has no recourse if something goes wrong - where you form some sort of dictatorship you want to have some sort of stronghold in their to come back and say you can do these things or you haven't met these agreements
Overall we had a great day in Iraq in terms of moving things forward - what we are waiting on next to see the date of the National Meeting and see if we can get the rest of these reforms passed - we have people talking - biggest hump in the road for the National Meeting is going to be Allawi and his power sharing and seeing where that goes - that is one of the big hurdles - I think what you have here is Maliki attempting to back door him and bust up the coalition by dealing with the 140 - great for us - we will take it - We will take it but eventually he is going to have to deal with Allawi and the situation that allows Allawi to have some of that power and moves in - Eventually he is going to have to give up a chunk of his power and that is when he is going to be eventually done and eventually he will drop out of the politics of Iraq
And there you have it...
Straight Talkin' Mike On The Straight Talk Express Bringing You Another Night of Positive News!
The I.Q.D. Team's News Coverage
for Thursday - September 20, 2012
CBI / ECONOMY
Parliamentary committee confirms legal project to delete the zeros from the Iraqi currency
Central: Annual inflation is not large and under control
Iraq's bank and financial conference in London concluded in several recommendations
American Chamber of Commerce: Iraq on the eve of an economic boom can not be overlooked
Bank (HSBC) decide to withdraw from the Iraqi market
=====================================================
GOVERNMENT
Council of Ministers of the Kurdistan region endorses the oil agreement with the federal government
Legal amendment investment and tariff
Kurds are waiting for Maliki practical steps to end the file of the disputed areas
Talabani Party: No agreement with Baghdad without the consent of Barzani
Nechirvan Barzani: our oil problems with Baghdad on the way to being resolved but Priority for the application of Article 140
Article 140 Committee parliamentary hold its first meeting next week
Maliki cancels his trip to the United States after the White House rejected arrange a meeting for him with Obama
Hashemi: Maliki facing international criminal prosecutions
Breakthrough soon in the case of the approval of Kuwait to remove Iraq from Chapter VII
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 - Sept 20, 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 8PM EST
760-569-7676 769478# or 712222#