The IQD Team
Investigate, Question & Deliver
Thursday, November 1, 2012
Highlights/Summary & Replay of Conference Call
Theme: Bad Day for Maliki
Conference Call Replay - Nov 1, 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 Government news article from the list at the bottom - GREAT INFORMATION - the following is just a brief Recap of the Government)
RECAP GOVERNMENT
U.S. ambassador: the United States has worked hard behind the scenes with Iraq and Kuwait
Chapter 7 is what we have over Maliki to form his government
In order to stop us from looking like we are standing in the way remember Chapter 7 gives us certain benefits to do things, to move in and take care of things - If you give Maliki Chapter 7, then you are releasing him from having to form his government to get the prize - That needs to happen - we need Chapter 7 as leverage - so we are over there and we know that this is basically done - that is has to go in front of the UN and we have to give our okay - I believe this is Window Dressing - that we are over there saying look this is what we are doing - working hard - we are going to go out in the News and say we are trying to get you released from Chapter 7, give you sovreignty - makes everybody feel good - like a guarantee - it seems to be Window Dressing - You don't know what will happen in the elections - You hope that we can try and keep that leverage there for the ability to keep pressure on Maliki - We know and you know if you have been on our calls as we have discussed that pretty much the Kuwait thing with Chapter 7 is just Window Dressing - Kuwait has released them from everything they needed to do - Maliki negotiated all of that - they have gone out and done what they needed to do and they did it - WE like it but you don't want to release them before they have their government formed period
RECAP GOVERNMENT
Good day for us with government articles....Maliki had a bad day today..thats the easiest way to sum up the government
The first article we discussed was the Parliamentary Committee came out and said yes go ahead and delete the zeros - they are NOT in charge of that project - They gave their okay 7-8 months ago - Window Dressing for the fair that just opened up
You have a member of the Legal Committee coming out and saying legally Maliki you are trying to form a majority government - It is not Constitutional - don't do what the previous governments did because basically he is calling him a dictator and saying the Constitution doesn't support what you want to do....Bad Day for Maliki
Maliki speaks at the Intl Fair and says come and invest in Iraq and we will give you all the Investment Laws that you want
Shabibi is at home spitting at the TV set saying where were you 6 months ago? We know he is just doing Window Dressing...Thats kinda the theme for the government tonight
Then the Sadrist movement comes out and says this is a good time for us to say that we want the fiscal surplus for the people
Maliki is not wanting to do that or give that - he wanted to use the supplemental budget probably to drain that money off for the weapons and to send money over to Iran and do whatever he was doing
Remember what remains to be seen in all of this...Shabibi knows where all the bodies are buried - He knows where all the money went and where all the money goes and this pressure that gets put on Maliki and then Shabibi comes in with the final spike and says this is where it is all at - I like to see these moments and things build pressure wise for Maliki
Do I think they are forcing the RV forward? No...I think it is all going to take place in the time it is supposed to take place - They are going to add value soon - none of these things by themselves will force it to happen - although there are good things happening...things we wanted to see happen - there is no singular event that will make it happen these are lots of things that go on...that still has not changed - the thing we do not know and noone knows and everyone in the community is guessing at is who is in the drivers seat? Is Shabibi still in the drivers seat or Maliki - the owners of the Central Bank...Mr Big...or are they in charge with whats going on and its all going down
Ultimate Goal is the increase the value - the banks make money - thats how it happens - thats the deal - Thats why the Central Banks exist...so those things have NOT changed so we are still all moving in that direction with all of that - thats ALL GOOD
Make sure you keep that all in perspective when you see these articles and everybody coming out and saying in the community that say it will happen tomorrow, etc
These are all good things happening - We are seeing lots of pressure coming on.....There are more articles out there today that say pretty much the same thing - Lot of window dressing in the news
Lot of people in town for the Intl Fair so you will start to see some articles slip in being critical of Maliki - they want to get that out because you want people to see that - they are going to try to poison the waters as they go
If I can sum up the government in two words WINDOW DRESSING - Keep your eye on the ball - The ball is getting Maliki to form his government - whatever that looks like - We don't need an Interior Minister as was discussed YES we need an Interior Minister - We need the Security Minister - No we do not need you armed yet - thats part of the other reason Maliki wants Chapter 7 gone is so he can go buy weapons more freely than he can because he is in under the scrutiny of the UN under Chapter 7 with weapons - with Chapter 6 he has much less scrutiny to go buy weapons from whomever he wants to unless he starts to buy them from neighbors like Iran and there not there- he decided he would go to Russia and do these other things and set these things up with the hopes once he gets out of Chapter 7 he can do that - that is his goal....Chapter 7 really doesn't have much to do has nothing to do with the financial ability of the country - the financial ability of the country is all set up in the Central Banking System
Please read Modern Money Mechanics so you understand what the Central Banking System does, how the banking system interacts, etc.....it is very similar to our country - We are very dependent on the financial industry here - when the financial industry goes up and down the government goes because of the financial industry
Think about it - is all about the economy in most elections and if the banks controls those finances then they have some say when those things go up and down - its the only say that they have
They protect themselves by making money - they can adjust interest rates and all of those things for the economy to make things a little tougher or better on the economic situation thats out there - presented by the powers in government
Remember they make money on both sides they are never going to lose -thats the way it is set up - But they certainly can help that situation or hinder that so remember that - keep it all in perspective
CBI/Economy
We had some great CBI articles and discussion about each article which follows below - No Recap for the CBI needed - Mikes analysis follows after each article:
Washington is concerned investigations "non-transparent" with officials of the Central Bank
Theres that shot across the bowel that I was looking for - where do we stand on this...we put the plan together - Future of Iraq Project - if you haven't read it go to our website and read it... Great Information - Bush and how the plan was set up for Iraq to come out of all of this - With new people in power now the question is What are they going to do?
Basically what we are saying is we don't take any position but you better be darn sure if your investigations are not transparent
can't see whats going on...Guess What? Its going to affect you negatively in the international banks and institutions
Trust me those are strong words coming from a US Ambassador to Maliki - Bad Day for Maliki once again - We like to see these kinds of things going on - Bad Days for Maliki - I thought this was one of the better articles of the day
Iraq's "absolute" Reaffirms its support for Central Bank Governor Agency
Lets review..Turki gets there tries to stop the auctions totally - everybody freaks out and says are you out of your mind?? This is how we control inflation, monetary, etc
They decided they could not do that so they had their auctions - interestingly enough they have been there for about 10 days
They are still investigating - they are still having auctions - and they only decreased the auctions by about 63 million per auction on average maybe 50 million - so they are still pumping out close to 180 + on the auctions every day - That is what they need to stabilize their currency - the reason their auctions are so high is their currency is low - thats one of the reasons - you have alot of different things that are going on with all of that - you CAN'T STOP THE AUCTIONS - thats craziness - you would think they have everything they need - If Shabibi was doing the things they say he was doing - within 2 days - you are still having auctions -you are selling money to the banks and doing the exact same things he was doing except one or two things are happening
either Shabibi was stealing the money - the banks that were coming in aren't doing it anymore because Shabibi is gone OR the guy who is actually stealing the money that is in charge of the bank now - he's not doing it anymore - think that could be a possibility too but the banks that were doing it certainly are not coming in and buying it now for some reason - I would assume one of two things - whoever is right or wrong in this - whether its Shabibi or its not Shabibi somebody has all of the information now that they need - If Shabibi was the one that was causing the problem the banks that are no longer in the auctions
are the banks you would go after because they are NO longer there. If Maliki is doing it and he shut those banks off, now you know who exactly who is doing what now.... It's pretty simple.....
I would think that Shabibi is building his case - each day there is an auction which is why it is so important to have the auctions...believe it or not........its going to lead right to the person who is doing this and who has his hands in the cookie jar.....LOVE THIS ARTICLE
Mystery .. and suspicion .. and uncertainties in the file's central bank governor
This about sums it up....Yes it was VERY VERY unconstitutional what happened and this outlines it - take the time to read the artcile - this is exactly what can and can NOT be done - the case is starting to be laid out...............again the theme is BAD DAY FOR MALIKI...........GOTTA LOVE IT......This is all paving the way for Shabibi to come back in and present his case........Maliki is running out of options to do what he is doing
"Central Bank Governor for Ngeevi: an ongoing investigation on the issue of auction of foreign currency and money laundering Service"
Najafi comes out and talking about the independence of the Central Bank now - He kinda concerns me a little at this point with this investigation - hes kinda giving a nod to everything that is going on here...I am going to guess that he might have his hands in the cookie jar because he is siding with Maliki a little bit - something about that relationship makes me wonder a little bit - He's done alot for the country and supports some really good things - he comes out and supports certain things so either he has been given some bad information and he is relying on that information that he has
made up his mind on things or he has a dog in the pony show here...it could be that he does somewhat - there is lots of corruption in Iraq and it goes very deep - lots of people with there hands in the cookie jar
It is not supposed to happen the way it did....we just discussed earlier you can't do this by proxy, etc...Everybody is trying to lay out there case in the articles with reasons about the way and why it happened, etc
It certainly seems that everybody is trying to get on the right side of this issue - They know what the CBI is supposed to do - and now the guys there have a plan...does he know whats going on?
(Mike gives an analogy of what is going on compared to a sports game and in the middle of the game somebody pulling out the coach, putting a new coach in and maybe taking one or two of the top players and putting subs in - how would that affect the game?) It would change the game pretty dramatically - The new guy coming in has his own set of plans and knows what he wants to do but he doesn't really carry on with what the other guy did - We have the same situation here with the CBI - so either this is the biggest ruse we have ever seen or we have to add some credibility to the fact that things are changing and things are being worked on changing and nothing can happen while this is going on - Until we get the resolution from Shabibi who had the original plan its nice that all of the other guys are coming out and saying we like his plan But Remember Shabibi knew exactly what he wanted to do and most of his people are still there as far as we read but we still have a guy in charge now with what he wants to do
Is this a ruse just to cover up for Maliki or is this a serious attempt to get at the reserves....
We know they want to get to the reserves - those reserves are not going to be touched - I guarantee you nobody is releasing those reserves to anybody - We have Not heard a peep from Maliki about those reserves
We have to wait for resolutions with Shabibi - Its been 10 days now and we have to wait and see what happens with Shabibi - I believe the groundwork is being laid for him to come back - I believe they haven't changed anything dramatically at the Central Bank -that they just have taken the amt of dollars down that they are putting out on the street in the auctions which is fine...We watch.....and we wait
Parliamentary Finance: change management of the Central Bank will not affect the process of lifting the zeros
I think they have this little financial affair going on in Baghdad and I think they learned something very important - The world will NOT do business with them unless they have a legitimate currency
Because all of a sudden just today these articles come out and if I take my dinar goggles off I have already gone over that there are new people in charge - it would be a knee jerk reaction to do anything and it would kill their economy
Think about how everything has gone today and all of a sudden all these articles flood the news - They are realizing how much investment they can lose and now they are coming out saying Central Bank doesn't affect this - Lets Flashback to all the articles we read from the Finance Committe talking about the deletion of the three zeroes
everyday there were articles - Now all of a sudden it is their best friend......Lets put it into context of whats going on over there
There is a Financial affair going on where you are attracting investors and these investors want to know whats going on with the Central Bank and whats going to happen with the deletion of the zeros...they don't want to come the way it is - This is an opportune time for Shabibi to come back to plead his case and I think that is what we are seeing the groundwork laid for that - You are seeing Everybody in Parliament especially the Finance Committee starting to scramble saying uh oh what did we do? They are trying to say that Turki knows what he is doing and we are behind him and the independence of the Central Bank
Nobody wants to deal with Iraq if the Central Bank is owned by the government because guess what?.... they don't know if they are going to get paid.............What else did we discuss tonight - we talked about the Donor Country 2014 - Well the IMF and everything they guaranteed up to this point is going to go away....because guess what folks IMF and everything that was going you were supposed to add value to this currency and you were supposed to have an economy by this time and it has happened...By 2014 Shabibi was supposed to be leaving - we were supposed to be throwing flowers at him and everybody shaking his hand and thanking him for the wonderful job he did with the currency and his country - At least that is the way I saw it in my mind - you have to understand Maliki wants the infrastructure money
The Central Bank was going to guarantee these funds with Letters of Credit and Now those guarantees are not there and they are shaky - you have people panicking - You have people inside the country panicing and not knowing what to do....
Have to tell you this is all VERY GOOD NEWS tonight about whats going on - I think it is great - If you put the articles in the context of whats going on over there in the financial industry you can see why
That does NOT mean they will RV because of this tomorrow - as we have discussed many times there is alot involved with an RV for any country (listen to Mikes explanation for the rest on the recording)
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 - Nov. 1, 2012
CBI / ECONOMY
Washington is concerned investigations "non-transparent" with officials of the Central Bank
Iraq's "absolute" Reaffirms its support for Central Bank Governor Agency
Mystery .. and suspicion .. and uncertainties in the file's central bank governor
Central Bank Governor for Ngeevi: an ongoing investigation on the issue of auction of foreign currency and money laundering Service
Parliamentary Finance: change management of the Central Bank will not affect the process of lifting the zeros
==================================================
GOVERNMENT
Iraq donor country after 2014
Member of the Legal Committee: Maliki heading towards repeat the mistakes of previous governments
Maliki in Baghdad International Fair: ready to make the necessary amendments to the Investment Law
Vice chest denies its mass abstentions on the budget 2013 in the absence of the distribution of the fiscal surplus to the people
U.S. ambassador: the United States has worked hard behind the scenes with Iraq and Kuwait
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion - Listen to the call for all the rest of the news shared
We are getting closer every day......GET R DONE!!
Conference Call Replay - Nov. 1, 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, November 1, 2012
Highlights/Summary & Replay of Conference Call
Theme: Bad Day for Maliki
Conference Call Replay - Nov 1, 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 Government news article from the list at the bottom - GREAT INFORMATION - the following is just a brief Recap of the Government)
RECAP GOVERNMENT
U.S. ambassador: the United States has worked hard behind the scenes with Iraq and Kuwait
Chapter 7 is what we have over Maliki to form his government
In order to stop us from looking like we are standing in the way remember Chapter 7 gives us certain benefits to do things, to move in and take care of things - If you give Maliki Chapter 7, then you are releasing him from having to form his government to get the prize - That needs to happen - we need Chapter 7 as leverage - so we are over there and we know that this is basically done - that is has to go in front of the UN and we have to give our okay - I believe this is Window Dressing - that we are over there saying look this is what we are doing - working hard - we are going to go out in the News and say we are trying to get you released from Chapter 7, give you sovreignty - makes everybody feel good - like a guarantee - it seems to be Window Dressing - You don't know what will happen in the elections - You hope that we can try and keep that leverage there for the ability to keep pressure on Maliki - We know and you know if you have been on our calls as we have discussed that pretty much the Kuwait thing with Chapter 7 is just Window Dressing - Kuwait has released them from everything they needed to do - Maliki negotiated all of that - they have gone out and done what they needed to do and they did it - WE like it but you don't want to release them before they have their government formed period
RECAP GOVERNMENT
Good day for us with government articles....Maliki had a bad day today..thats the easiest way to sum up the government
The first article we discussed was the Parliamentary Committee came out and said yes go ahead and delete the zeros - they are NOT in charge of that project - They gave their okay 7-8 months ago - Window Dressing for the fair that just opened up
You have a member of the Legal Committee coming out and saying legally Maliki you are trying to form a majority government - It is not Constitutional - don't do what the previous governments did because basically he is calling him a dictator and saying the Constitution doesn't support what you want to do....Bad Day for Maliki
Maliki speaks at the Intl Fair and says come and invest in Iraq and we will give you all the Investment Laws that you want
Shabibi is at home spitting at the TV set saying where were you 6 months ago? We know he is just doing Window Dressing...Thats kinda the theme for the government tonight
Then the Sadrist movement comes out and says this is a good time for us to say that we want the fiscal surplus for the people
Maliki is not wanting to do that or give that - he wanted to use the supplemental budget probably to drain that money off for the weapons and to send money over to Iran and do whatever he was doing
Remember what remains to be seen in all of this...Shabibi knows where all the bodies are buried - He knows where all the money went and where all the money goes and this pressure that gets put on Maliki and then Shabibi comes in with the final spike and says this is where it is all at - I like to see these moments and things build pressure wise for Maliki
Do I think they are forcing the RV forward? No...I think it is all going to take place in the time it is supposed to take place - They are going to add value soon - none of these things by themselves will force it to happen - although there are good things happening...things we wanted to see happen - there is no singular event that will make it happen these are lots of things that go on...that still has not changed - the thing we do not know and noone knows and everyone in the community is guessing at is who is in the drivers seat? Is Shabibi still in the drivers seat or Maliki - the owners of the Central Bank...Mr Big...or are they in charge with whats going on and its all going down
Ultimate Goal is the increase the value - the banks make money - thats how it happens - thats the deal - Thats why the Central Banks exist...so those things have NOT changed so we are still all moving in that direction with all of that - thats ALL GOOD
Make sure you keep that all in perspective when you see these articles and everybody coming out and saying in the community that say it will happen tomorrow, etc
These are all good things happening - We are seeing lots of pressure coming on.....There are more articles out there today that say pretty much the same thing - Lot of window dressing in the news
Lot of people in town for the Intl Fair so you will start to see some articles slip in being critical of Maliki - they want to get that out because you want people to see that - they are going to try to poison the waters as they go
If I can sum up the government in two words WINDOW DRESSING - Keep your eye on the ball - The ball is getting Maliki to form his government - whatever that looks like - We don't need an Interior Minister as was discussed YES we need an Interior Minister - We need the Security Minister - No we do not need you armed yet - thats part of the other reason Maliki wants Chapter 7 gone is so he can go buy weapons more freely than he can because he is in under the scrutiny of the UN under Chapter 7 with weapons - with Chapter 6 he has much less scrutiny to go buy weapons from whomever he wants to unless he starts to buy them from neighbors like Iran and there not there- he decided he would go to Russia and do these other things and set these things up with the hopes once he gets out of Chapter 7 he can do that - that is his goal....Chapter 7 really doesn't have much to do has nothing to do with the financial ability of the country - the financial ability of the country is all set up in the Central Banking System
Please read Modern Money Mechanics so you understand what the Central Banking System does, how the banking system interacts, etc.....it is very similar to our country - We are very dependent on the financial industry here - when the financial industry goes up and down the government goes because of the financial industry
Think about it - is all about the economy in most elections and if the banks controls those finances then they have some say when those things go up and down - its the only say that they have
They protect themselves by making money - they can adjust interest rates and all of those things for the economy to make things a little tougher or better on the economic situation thats out there - presented by the powers in government
Remember they make money on both sides they are never going to lose -thats the way it is set up - But they certainly can help that situation or hinder that so remember that - keep it all in perspective
CBI/Economy
We had some great CBI articles and discussion about each article which follows below - No Recap for the CBI needed - Mikes analysis follows after each article:
Washington is concerned investigations "non-transparent" with officials of the Central Bank
Theres that shot across the bowel that I was looking for - where do we stand on this...we put the plan together - Future of Iraq Project - if you haven't read it go to our website and read it... Great Information - Bush and how the plan was set up for Iraq to come out of all of this - With new people in power now the question is What are they going to do?
Basically what we are saying is we don't take any position but you better be darn sure if your investigations are not transparent
can't see whats going on...Guess What? Its going to affect you negatively in the international banks and institutions
Trust me those are strong words coming from a US Ambassador to Maliki - Bad Day for Maliki once again - We like to see these kinds of things going on - Bad Days for Maliki - I thought this was one of the better articles of the day
Iraq's "absolute" Reaffirms its support for Central Bank Governor Agency
Lets review..Turki gets there tries to stop the auctions totally - everybody freaks out and says are you out of your mind?? This is how we control inflation, monetary, etc
They decided they could not do that so they had their auctions - interestingly enough they have been there for about 10 days
They are still investigating - they are still having auctions - and they only decreased the auctions by about 63 million per auction on average maybe 50 million - so they are still pumping out close to 180 + on the auctions every day - That is what they need to stabilize their currency - the reason their auctions are so high is their currency is low - thats one of the reasons - you have alot of different things that are going on with all of that - you CAN'T STOP THE AUCTIONS - thats craziness - you would think they have everything they need - If Shabibi was doing the things they say he was doing - within 2 days - you are still having auctions -you are selling money to the banks and doing the exact same things he was doing except one or two things are happening
either Shabibi was stealing the money - the banks that were coming in aren't doing it anymore because Shabibi is gone OR the guy who is actually stealing the money that is in charge of the bank now - he's not doing it anymore - think that could be a possibility too but the banks that were doing it certainly are not coming in and buying it now for some reason - I would assume one of two things - whoever is right or wrong in this - whether its Shabibi or its not Shabibi somebody has all of the information now that they need - If Shabibi was the one that was causing the problem the banks that are no longer in the auctions
are the banks you would go after because they are NO longer there. If Maliki is doing it and he shut those banks off, now you know who exactly who is doing what now.... It's pretty simple.....
I would think that Shabibi is building his case - each day there is an auction which is why it is so important to have the auctions...believe it or not........its going to lead right to the person who is doing this and who has his hands in the cookie jar.....LOVE THIS ARTICLE
Mystery .. and suspicion .. and uncertainties in the file's central bank governor
This about sums it up....Yes it was VERY VERY unconstitutional what happened and this outlines it - take the time to read the artcile - this is exactly what can and can NOT be done - the case is starting to be laid out...............again the theme is BAD DAY FOR MALIKI...........GOTTA LOVE IT......This is all paving the way for Shabibi to come back in and present his case........Maliki is running out of options to do what he is doing
"Central Bank Governor for Ngeevi: an ongoing investigation on the issue of auction of foreign currency and money laundering Service"
Najafi comes out and talking about the independence of the Central Bank now - He kinda concerns me a little at this point with this investigation - hes kinda giving a nod to everything that is going on here...I am going to guess that he might have his hands in the cookie jar because he is siding with Maliki a little bit - something about that relationship makes me wonder a little bit - He's done alot for the country and supports some really good things - he comes out and supports certain things so either he has been given some bad information and he is relying on that information that he has
made up his mind on things or he has a dog in the pony show here...it could be that he does somewhat - there is lots of corruption in Iraq and it goes very deep - lots of people with there hands in the cookie jar
It is not supposed to happen the way it did....we just discussed earlier you can't do this by proxy, etc...Everybody is trying to lay out there case in the articles with reasons about the way and why it happened, etc
It certainly seems that everybody is trying to get on the right side of this issue - They know what the CBI is supposed to do - and now the guys there have a plan...does he know whats going on?
(Mike gives an analogy of what is going on compared to a sports game and in the middle of the game somebody pulling out the coach, putting a new coach in and maybe taking one or two of the top players and putting subs in - how would that affect the game?) It would change the game pretty dramatically - The new guy coming in has his own set of plans and knows what he wants to do but he doesn't really carry on with what the other guy did - We have the same situation here with the CBI - so either this is the biggest ruse we have ever seen or we have to add some credibility to the fact that things are changing and things are being worked on changing and nothing can happen while this is going on - Until we get the resolution from Shabibi who had the original plan its nice that all of the other guys are coming out and saying we like his plan But Remember Shabibi knew exactly what he wanted to do and most of his people are still there as far as we read but we still have a guy in charge now with what he wants to do
Is this a ruse just to cover up for Maliki or is this a serious attempt to get at the reserves....
We know they want to get to the reserves - those reserves are not going to be touched - I guarantee you nobody is releasing those reserves to anybody - We have Not heard a peep from Maliki about those reserves
We have to wait for resolutions with Shabibi - Its been 10 days now and we have to wait and see what happens with Shabibi - I believe the groundwork is being laid for him to come back - I believe they haven't changed anything dramatically at the Central Bank -that they just have taken the amt of dollars down that they are putting out on the street in the auctions which is fine...We watch.....and we wait
Parliamentary Finance: change management of the Central Bank will not affect the process of lifting the zeros
I think they have this little financial affair going on in Baghdad and I think they learned something very important - The world will NOT do business with them unless they have a legitimate currency
Because all of a sudden just today these articles come out and if I take my dinar goggles off I have already gone over that there are new people in charge - it would be a knee jerk reaction to do anything and it would kill their economy
Think about how everything has gone today and all of a sudden all these articles flood the news - They are realizing how much investment they can lose and now they are coming out saying Central Bank doesn't affect this - Lets Flashback to all the articles we read from the Finance Committe talking about the deletion of the three zeroes
everyday there were articles - Now all of a sudden it is their best friend......Lets put it into context of whats going on over there
There is a Financial affair going on where you are attracting investors and these investors want to know whats going on with the Central Bank and whats going to happen with the deletion of the zeros...they don't want to come the way it is - This is an opportune time for Shabibi to come back to plead his case and I think that is what we are seeing the groundwork laid for that - You are seeing Everybody in Parliament especially the Finance Committee starting to scramble saying uh oh what did we do? They are trying to say that Turki knows what he is doing and we are behind him and the independence of the Central Bank
Nobody wants to deal with Iraq if the Central Bank is owned by the government because guess what?.... they don't know if they are going to get paid.............What else did we discuss tonight - we talked about the Donor Country 2014 - Well the IMF and everything they guaranteed up to this point is going to go away....because guess what folks IMF and everything that was going you were supposed to add value to this currency and you were supposed to have an economy by this time and it has happened...By 2014 Shabibi was supposed to be leaving - we were supposed to be throwing flowers at him and everybody shaking his hand and thanking him for the wonderful job he did with the currency and his country - At least that is the way I saw it in my mind - you have to understand Maliki wants the infrastructure money
The Central Bank was going to guarantee these funds with Letters of Credit and Now those guarantees are not there and they are shaky - you have people panicking - You have people inside the country panicing and not knowing what to do....
Have to tell you this is all VERY GOOD NEWS tonight about whats going on - I think it is great - If you put the articles in the context of whats going on over there in the financial industry you can see why
That does NOT mean they will RV because of this tomorrow - as we have discussed many times there is alot involved with an RV for any country (listen to Mikes explanation for the rest on the recording)
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 - Nov. 1, 2012
CBI / ECONOMY
Washington is concerned investigations "non-transparent" with officials of the Central Bank
Iraq's "absolute" Reaffirms its support for Central Bank Governor Agency
Mystery .. and suspicion .. and uncertainties in the file's central bank governor
Central Bank Governor for Ngeevi: an ongoing investigation on the issue of auction of foreign currency and money laundering Service
Parliamentary Finance: change management of the Central Bank will not affect the process of lifting the zeros
==================================================
GOVERNMENT
Iraq donor country after 2014
Member of the Legal Committee: Maliki heading towards repeat the mistakes of previous governments
Maliki in Baghdad International Fair: ready to make the necessary amendments to the Investment Law
Vice chest denies its mass abstentions on the budget 2013 in the absence of the distribution of the fiscal surplus to the people
U.S. ambassador: the United States has worked hard behind the scenes with Iraq and Kuwait
NEWS ARTICLE LINKS
What a great night of news, analysis and discussion - Listen to the call for all the rest of the news shared
We are getting closer every day......GET R DONE!!
Conference Call Replay - Nov. 1, 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#
