The IQD Team
Investigate, Question & Deliver
Tuesday, November 6, 2012
Highlights/Summary & Replay of Conference Call
Theme: Bad WEEK for Maliki & The Shabinator (Shabibi) WILL BE BACK
Conference Call Replay - Nov 6, 2012
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CBI/Economy
We had some great CBI articles and discussion about each article which follows below - Mikes analysis & Recap follows after each article:
"90 MPs demanding disclosure of the politicians’ names involved in central bank issue"
You would think that Shabibi would know that since he has been there since 2004...looks like there is going to be some kind of party there.....party for me??....No No...Party for Shabibi lets hope......looks like they are starting to demand more information and it looks like Shabibi is getting ready too.....Everybody is kinda understanding whats going on - You have to remember as we talked about this last call..hopefully you can follow along - You have things that were going on before Shabibi was there and supposedly he was dealing with it and if you look at the auctions you can see the differences in the auctions each day - certain amount of money that is no longer moving out and into banks ..so one of two things happened - the banks are deciding not to participate because they do not want to kill the economy or kill the exchange rate and/or the banks that were stealing have decided to back out
Now whatever we decide that is what we are going to do they are going to be able to take a look at what banks are not there - theres a lot of information to had - I think when Shabibi comes back and starts to defend himself we will see things - we are seeing alot articles out there that are talking about the replacement for Shabibi and how they are fighting over that replacement - Remember IF he is NOT found guilty he will be put back in so the search for somebody is mute - Keep an eye on that.....I think when Shabibi comes back he will come back with all of his guns loaded - he always does really really well defending himself whenever he has a situation that he needs to prove himself and he is always a strong character - I think this bad week for Maliki is going to turn into 2-3 bad weeks for Maliki - he is always of strong character - I think this bad week for Maliki is going to turn into 2 or 3 bad weeks for Maliki especially if the election does not go his way - I think the walls are starting to come down all around Maliki
"Shabibi: I'll be back next Thursday to Baghdad and confirms the success of the central bank in exchange rate stability "
I loved this article.......We are all out there trying to figure out what is going on - the gurus come out and start making speculation - crazy speculation on whats going on - the fact that matter is its been pretty quiet - we don’t know what direction this is going - We all know that Shabibi needs to come back - I have a strong feeling he is going to come back and finish what he started - I do know this if he comes back HE WILL BE THE MOST POWERFUL MAN IN IRAQ.....He will be untouchable at that point – He will have a Solid Central Bank of Iraq and he should be able to get just about anything he wants
I'll be back.....as the Terminator said.........now the "Shabinator" speaks.......Sounds like he was busted for possession........This really lays it out - this is Shabibis case - We deal with the auction - we have a set of rules - the rules are set - we do not keep databases - and that is what they were looking for - its almost clear they were going in looking for these databases on records of who was taking the money and whose not - they get there and they don’t find an databases - its like look guys were are not required to keep databases - its not part of what we do and how the money is going out - We are required that they need these specific transactions and we stabilize the currency - we've done that and are ready to go - Now I am sure he knows where most of this was going and where it was - Remember he was drawing this off the street - he wants to make a change in his currency at some point in time and he was drawing this off the street - these guys get in there - they don’t know whats going on - they are really having a very difficult time finding out what he did - its almost like if you were a mathematician and you walked into a complex equation and you looked at it you might say whats going on - whats the deal? and thats kinda of where they are...We have the upmost confidence when the Shabinator returns he will have a very very very powerful case that he was taken out for political reasons versus monetary reasons - I do not think you want to argue monetary policy with this guy - I think that would be idiotic - Look forward to it happening...but Remember guys we are hoping this happens Thursday but we have been here before - things we expect to happen and come out in the news don't always happen that way - Obviously Shabibi has an argument and is ready to come back and take care of his case - its after the election and we will have by tomorrow some kind of idea of who is going to be running our country - if we have any delays here it could also delay it in Iraq - if that happens I hate to say that these things are tied together but remember we are a World Power - we have a big say over there - and Remember we have a 2 party system - the original party who came in and did this had one idea - then taken over by another with different ideas and a different set of ways they want to go and now you have a guy who has similar ideas that is going to be similar to the first that came in - If Romney comes in he is a business man and will be able to understand the fiscal nature of this stuff over there and what needs to be done to keep Iraq going and thats in line with the banks, etc ...Things have been at kinda of standstill but we are seeing movement finally.....moving at a quick pace behind the scenes - There is so much going on over there at this point in time - Maliki trying to gain power so many different ways - we are almost watching two different situations - him taking over the Central Bank - he may end up losing that battle but he still has the battle inside the government
"Set twenty official: States is committed to Basel 3 could face sanctions"
Talking about Basel 3 compliance - Let's go with what had happened over here in the US -We had the crisis over here that was with to the mortgages - we are all quite aware of that - some of that has put us in some bad situations - where we had the derivatives that were backed - the mortgage backed securities - the market - the bubble fell and there were no regulations and alot of regulations stemmed out of there
That kinda sent a ripple through the world - Basel 3 compliance is supposed to keep that from happening - supposed to give Banks enough requirements to have enough capital - To have enough funds on hand if there was a run on the banks - Lets them know where these funds are coming from and going to so they can trace large transactions, etc - And we are not quite aboard with all of the Basel 3 here in the US so everyone is complaining But what it really does is give them the ability to trace transactions and apply sanctions -
In our banking system we are trying to keep a little bit of our own personalized banking that we have over here...the FDIC..the things we have done seem to be enough...we don't want to be as stringent with all of that is going on - It's a fight inside the banking system to see who is going to win - Basel 3 in essence for us in Iraq is they are just going to be able to trace these transactions & they want to make sure that everybody is committed to this Basel 3 and if not they are going to be trying to get everybody on board
Iraq has alot of this already in place - and we are really waiting for the U.S. to come on board with a few other countries - Great Britain...the larger banking systems are kinda having a problem - it is very difficult when you start tieing all of the banking systems together - if you have a ripple someplace else nobody is not sure of what can happen to your banking system - you don't want a run in a small country to create a problem in your country because the system doesn't fail or it does fail - But I think that based on this and what Shabibi has done with this compliance in his country this will give him the ability to come back with everything that he needs to point the finger at Maliki....so we are keeping an eye on this as we go forward...very interesting we are hearing about Basel 3 compliance because I think that is the key - I think they have been doing most of that over there figuring out where the transactions went
DR SHABIBI WAS TALKING ALOT TODAY...LOVED IT
"Shabibi reveals detention of 20 central bank employee and demanding the release of their will"
One of the things that I am suspicious about is some of these articles coming out they sound almost the same as the week when it first came out with Shabibi and the arrest warrant.........What can that mean if they are doing that? What it generally means is Shabibi could be back in town - there could be things going on behind the scenes -
I thought one of the interesting things in this article is Maliki talks about he doesn't have the size or location of the deposit - I think he went into this looking to see if Shabibi had any information - Its almost like he is afraid they have information on what he was depositing and what banks they went into - We are seeing and reading Shabibi is close to coming back - If we don't see him this week we are going to see more articles in defense of him to really line up his return - nothing really bad is going on - the auctions have come down a little bit - the currency is not too big - they really need to decide this here shortly whats going to happen with the Central Bank because you have the laws of infrastructure and everything else that is going on - you have people coming into invest - we are hearing all over the place this is the place to go whether it is on Fox News, etc.....the economic situation is good - everybody is telling us how great it is - we are hearing alot of information about that as we go on.....They are paving the way for him to come back
"Shabibi: Maliki accused the central bank is not accurate and I invite him to detect corrupt files that are talked about"
Again sounds like similar articles that came out when it happened - a picture in this article looks new however of Shabibi - The difference in these articles and this one it keeps talking about a deposit that they are looking at - I find that very interesting - I really think that IF these are regenerated articles that they are a shot at Maliki across the bowel to kinda let him know that this is what we have you - we have the deposits - we know where the money is at and we know where the bodies are hidden (so to speak)..If they are regenerated they are paving the way for him to come in - he may also already be there working some things
Its almost like some of these articles Maliki talks about not wanting him to be around the bank at all blah blah blah...and some of them say he is there doing some work - he's demanding these employees get released....he's talking about women in some of these that are being targeted specifically - alot in here we did not know about before if these are the facts because we did have an article that said he would be back that Thursday following when all of this happened - the dates seem to be a little aloof in these articles....One or two things going on - either we are laying the groundwork for him to come back in and/or we are putting a shot over Maliki's bowel to let him know what we have on him and its coming back and the papers are slowly leaking this...There were an awful lot of articles about Shabibi today - it was kinda just weird how they hit the articles - its done for a reason - we may not see it up front as we start to go thru things because the government is there - it could be just to keep it on the front pages so that people don't forget about whats going on and to keep pressure on Maliki for the government side because those things absolutely need to happen
Article of interest
Raise its next Thursday .. House of Representatives discusses the policy of the Central Bank and finishing first and second readings of the six laws - please take the time and read the 4 pages about the Central Bank and the discussion in Parliament today
CBI Recap:
The fact that we are still talking about replacements in the news leads me to believe that Shabibi is not quite there yet - what we are seeing is a huge defense of him of him not be there right now - they are releasing more and more information - thats good that is what we want to see - we do not want him off the front pages - we want to make sure the people are informed as to what is going on - alot of what you are seeing is to keep him on the front pages in defense of him - lots of good things going on
So is the Shabinator coming back or not? He told us "HE WILL BE BACK"...you heard it here he will be back....lot of recycling of articles going forward - we think this is laying the groundwork for Shabibi to come back or a shot across the bowel to Maliki...We wait...we watch and we see - we should see more on Thursday and thru the weekend - Is there a 50/50 chance - here is me thinking out loud - two things can happen - you have Shabibi who can come back - you have someone who can replace him like Saleh - remember whoever replaces him if he leaves has to come in from the Central Bank and have some sort of idea for it to be a legitimate person that we are looking for - anybodys name that comes up the first thing that we are looking for is seeing what there pedigree is and how and If they are related to the Central Bank because that will give us the insight we need whether the new person who comes in goes forward - What does that mean to us? Will Shabibi come back and move this on? Who knows...maybe he is he not feeling well....is he tired of the battle....did he do something wrong? Did he not do it fast enough? All of those questions will be brought up if he doesn’t come back - that doesn’t matter to us - what we are looking for is that somebody comes in that understands the economy and understands what the groundwork Shabibi laid for his banking system to get it done and understands what is going on - We need to get Maliki's people out of the Central Bank and somebody who can handle them - If we get a replacement that is what we are looking for - If we don't he will come back and we will be back on track with Shabibi - lots going on - we don't have any idea if he is still there - its been very very quiet until the news the last couple of days
Its great that we are hearing about him - we have about a 50/50 chance but it is our opinion Shabibi will be back to defend himself at a bare minimum - whether or not he is replaced or not is still up to the Central Bank and the people that employ him- whether he is the strongest person to be there - whether they want to have him there - what they have going on in government - all kind of set of questions - But certainly the person they replace him with needs to have a Central Bank background IF that is what happens….we don’t know......but more than likely I am leaning toward he is going to come back and defend himself
Shabibi wanted to finish this up before his term ended - I don't think he would go a second term in 2014 - I believe he wants to come back and finish what he started. This is way too important to the world...the Middle East and the financial worlds to let it go much longer
Government
We had some great Government articles and discussion about each article which follows below - Mikes analysis follows after each article & a short Recap:
Maliki had a Bad Week and it looks like it is going to get alot worse.
Quick overview - Maliki is trying like heck to circumvent everybody - he wants to get Chapter 7 taken care of - he doesn't want his government formed so what he tried to do in lieu of having any reform papers is to form a new majority govt which would keep him in power - He is failing miserably at that - Its NOT happening - ITS NOT GOING TO HAPPEN - nobody wants it - nobody wants to do it - now all of a sudden he has pressure from all over him because he has failed to do that - now its almost like a shark frenzy coming out - they are starting to see weakness and as they start to see this weakness they are going to start attacking and who came out today.....
"13 deputies of Allawi's Iraqi demanding the formation of a new political body of the list"
Remember what Allawi was calling for here he wants the formation of a new political body - He is talking about the Strategic Council - we talked about Bicamalerism versus Unicamalerism on a previous call - He wants to get out of the Unicamalerism situation - he wants them to enact the Bicamalerism situation which allows them to have two bodies that make laws and that the Prime Minister no longer has the full power that he has and takes it from them - Allawi and his party have been very quiet and now they are starting to demand the formation of this political bloc - you call it whatever you want.......we have had that debate before - they want Erbil implemented and this political body to be taken care of and done....its one of their demands...very very interesting...and then we have the next article which I think was one of the best articles of the day
"Allawi: the Prime Minister to undergo questioning Parliament or go to his house and leave work"
This is my second best article of the day over Shabibis articles - this is the strongest case that Allawi has made for bringing him to Parliament - he wants him there - they need to question him - he basically says you failed to try to form to a government and even if you try to form your own govt that constitionally it is not right - he tells him straight up you would have to resign whether we have the new government or the government that we have decided we needed to have and are you ready for that? Thats like punching a bully right in the nose - these are two strong statements and it looks like Allawi is about to make his move - I think they have a really good idea this situation is going to get more favorable in the coming days and I honestly believe they probably will - we are starting to see a lot of consensus on whats going on and to just show how bad Malikis week really was..
"Maliki: No consensus on a majority government within the National Alliance and Sadr opposed"
He is trying to change the conversation guys – don’t let him fool you - he is out there saying this is democracy and truly it is not - He is trying to tell the people that what he wants to do is going to do is going to benefit the people - he has no leg to stand on and I guarantee you that it was Allawi that asked him whether or not whether he really wanted to form his government and you saw Allawi’s response in the previous article - he is trying to change it folks - he is very desperate at this point in time and he really wants to change the conversation - he is going to get forced to do something very quickly if Parliament decides as the articles are indicating they want to seat the ministers ..they want to get the 140 done....they want to push this stuff thru from the Parliament side and push it all onto him to say we have it all consensually put together for you - you have to put your finger on it and at that point in time the interntional community will come down pretty hard if he doesn't
"Vice chest: the blocks that voted on the Electoral Commission would be passed amnesty law"
Sounds like the passed the Amnesty law and Maliki does not like it and they passed the Electoral Commission - Remember he is trying to change the conversation folks - I don’t even want to say it was a bad week for him - Its a death nail for him - You have Parliament acting the way they want to - Parliament even went to judiciary and said yes you have the right to do this - they pulled a page from what Maliki has been doing and Maliki is saying No No No its not constitutional - what I want to do is constitutional - it sounds like my little cousin when I play with him - he sits there and wants to play a game and he makes the rules up so he wins and when he doesn't win he starts changing the rules - doesn't it remind you of a little child doing that? Well that is whats going on......you can tell how bad of a day he is having when he wants to start changing the rules
He is getting pressured from every situation - the minute when Parliament went back in and starting acting and doing things - they had 217 attending today - they got some things done....The Amnesty Law was big for the Sadrists - it was something he had already said that he wanted to already have done - putting his feet down and now he doesn't really have a say - What they are really calling for is the deletion of His Council of Ministers and have that reformed which puts the President and gives most of the control to the President and they are basically trying to put Talabani in charge – that’s what they are trying to do thru a Constitutional type of thing it’s what it looks like from the outside looking in because that is where the power will lie to sign the laws - THIS IS ALL GOOD FOR US FOLKS.....we want these things moving - we want Maliki on his feet and we want him DONE
Don't forget you back a cat into a corner he is going to start fighting so look for his responses to come out about this as we go forward
Government Recap:
Maliki had a bad week - really bad week - Looks like we have the amnesty law passed - we have the Election Commission agreed to for their Provincial elections - Maliki is going to try and postpone those as they come into March and April – that’s not going to happen - I think the International Community will really start to cry out if that happens and you are starting to see the formation or crumbling of him - He goes away - he says he wants to run for a third term - constitutionally he really can't and the reason he is trying to form a majority government right now is to say we don't need elections -that I can stay in because he is not going to win any election and he knows it - he doesn't have the political clout he had four years ago - things change in four years as we see in our country - alot that can happen - whether you think somebody is doing something right or wrong the proof is in the pudding - On how you feel and people feel....that is going to reflected in the elections and he knows that is not where he wants to go - his career dissipation light is on LIMIT and of all the times that we have seen Maliki being backed into a corner it is coming from every angle...Everybody is giving it to him...he really doesn't have any friends anywhere at this point in time
Two articles I wanted to add for tonight that I thought were important...
"Kuwaiti Prime Minister: I will sign important agreements during my visit to Baghdad"
This is great but remember as we have discussed Maliki is trying to back door Chapter 7 - it is tied to the formation of his government - but honestly seat your government - stop trying to change it and everything will fall into place – it’s all there waiting for him to do it......I guess the last thing I want to say about this is when LJ & Debbie and I were talking the other day Remember folks you see the people that are going to get you what you want which is the RV all as good people - they are not all good people - Allawi, Talabani, etc all have bad pasts in the government and did things they needed to do to get by- they are not angels - when you hear things and read things don't think of it as good or bad - the next guy who comes in is going to have his own agenda to a certain degree but as long as we can get a formation of a government that sorta keeps them in a circle then we are in good shape - so it is not about choosing sides here - Although we don't like Maliki and he had a bad week and he is standing in the way of progress - we would love to get him out of the way but the guys that are coming in aren't any better - they have their agendas and they are going to do what they are going to do - hopefully everything gets put into place when he gets moved out of the way - You have 70% of the people that want to work together and 30% that don't
The Washington Post: Blair says that the Iraqi economy is prosperous and calls for British companies to invest
I like this article because it tells you about the value that is there - he talks about getting British companies to invest in Iraq....Great article.....came out in many news papers - telling us how the economic situation is great except for the political situation - things are going well over there - they are really trying to pump it up - we don't know what we don't know in the political situation - we don't know whats going on behind the scenes - and if we could then we would really like to be a mouse on the wall on some of these things - the direction it is going if you ask me it is very positive - we are seeing VERY VERY POSITIVE THINGS across the scale here as far as how much growth is going to happen in the future - the oil, etc - we know that - be patient - don't think it is going to happen tomorrow - if it does BE HAPPY - there is always that possibility because there is alot in place - I really feel they need to get their government in place and that there is alot going on behind the scenes to help that happen
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 Tuesday - Nov. 6, 2012
CBI / ECONOMY
90 MPs demanding disclosure of the politicians’ names involved in central bank issue
Shabibi: I'll be back next Thursday to Baghdad and confirms the success of the central bank in exchange rate stability
Set twenty official: States is committed to Basel 3 could face sanctions
Shabibi reveals detention of 20 central bank employee and demanding the release of their will
Shabibi: Maliki accused the central bank is not accurate and I invite him to detect corrupt files that are talked about
MENTIONED ARTICLE:
Raise its next Thursday .. House of Representatives discusses the policy of the Central Bank and finishing first and second readings of the six laws
=========================================================
GOVERNMENT
13 deputies of Allawi's Iraqi demanding the formation of a new political body of the list
Kuwaiti Prime Minister: I will sign important agreements during my visit to Baghdad
The Washington Post: Blair says that the Iraqi economy is prosperous and calls for British companies to invest
Maliki: No consensus on a majority government within the National Alliance and Sadr opposed
Allawi: the Prime Minister to undergo questioning Parliament or go to his house and leave work
Vice chest: the blocks that voted on the Electoral Commission would be passed amnesty law
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. 6, 2012
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760-569-7699 Pin 769478#
As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A
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Investigate, Question & Deliver
Tuesday, November 6, 2012
Highlights/Summary & Replay of Conference Call
Theme: Bad WEEK for Maliki & The Shabinator (Shabibi) WILL BE BACK
Conference Call Replay - Nov 6, 2012
Download/Playback
or
760-569-7699 Pin 769478#
CBI/Economy
We had some great CBI articles and discussion about each article which follows below - Mikes analysis & Recap follows after each article:
"90 MPs demanding disclosure of the politicians’ names involved in central bank issue"
You would think that Shabibi would know that since he has been there since 2004...looks like there is going to be some kind of party there.....party for me??....No No...Party for Shabibi lets hope......looks like they are starting to demand more information and it looks like Shabibi is getting ready too.....Everybody is kinda understanding whats going on - You have to remember as we talked about this last call..hopefully you can follow along - You have things that were going on before Shabibi was there and supposedly he was dealing with it and if you look at the auctions you can see the differences in the auctions each day - certain amount of money that is no longer moving out and into banks ..so one of two things happened - the banks are deciding not to participate because they do not want to kill the economy or kill the exchange rate and/or the banks that were stealing have decided to back out
Now whatever we decide that is what we are going to do they are going to be able to take a look at what banks are not there - theres a lot of information to had - I think when Shabibi comes back and starts to defend himself we will see things - we are seeing alot articles out there that are talking about the replacement for Shabibi and how they are fighting over that replacement - Remember IF he is NOT found guilty he will be put back in so the search for somebody is mute - Keep an eye on that.....I think when Shabibi comes back he will come back with all of his guns loaded - he always does really really well defending himself whenever he has a situation that he needs to prove himself and he is always a strong character - I think this bad week for Maliki is going to turn into 2-3 bad weeks for Maliki - he is always of strong character - I think this bad week for Maliki is going to turn into 2 or 3 bad weeks for Maliki especially if the election does not go his way - I think the walls are starting to come down all around Maliki
"Shabibi: I'll be back next Thursday to Baghdad and confirms the success of the central bank in exchange rate stability "
I loved this article.......We are all out there trying to figure out what is going on - the gurus come out and start making speculation - crazy speculation on whats going on - the fact that matter is its been pretty quiet - we don’t know what direction this is going - We all know that Shabibi needs to come back - I have a strong feeling he is going to come back and finish what he started - I do know this if he comes back HE WILL BE THE MOST POWERFUL MAN IN IRAQ.....He will be untouchable at that point – He will have a Solid Central Bank of Iraq and he should be able to get just about anything he wants
I'll be back.....as the Terminator said.........now the "Shabinator" speaks.......Sounds like he was busted for possession........This really lays it out - this is Shabibis case - We deal with the auction - we have a set of rules - the rules are set - we do not keep databases - and that is what they were looking for - its almost clear they were going in looking for these databases on records of who was taking the money and whose not - they get there and they don’t find an databases - its like look guys were are not required to keep databases - its not part of what we do and how the money is going out - We are required that they need these specific transactions and we stabilize the currency - we've done that and are ready to go - Now I am sure he knows where most of this was going and where it was - Remember he was drawing this off the street - he wants to make a change in his currency at some point in time and he was drawing this off the street - these guys get in there - they don’t know whats going on - they are really having a very difficult time finding out what he did - its almost like if you were a mathematician and you walked into a complex equation and you looked at it you might say whats going on - whats the deal? and thats kinda of where they are...We have the upmost confidence when the Shabinator returns he will have a very very very powerful case that he was taken out for political reasons versus monetary reasons - I do not think you want to argue monetary policy with this guy - I think that would be idiotic - Look forward to it happening...but Remember guys we are hoping this happens Thursday but we have been here before - things we expect to happen and come out in the news don't always happen that way - Obviously Shabibi has an argument and is ready to come back and take care of his case - its after the election and we will have by tomorrow some kind of idea of who is going to be running our country - if we have any delays here it could also delay it in Iraq - if that happens I hate to say that these things are tied together but remember we are a World Power - we have a big say over there - and Remember we have a 2 party system - the original party who came in and did this had one idea - then taken over by another with different ideas and a different set of ways they want to go and now you have a guy who has similar ideas that is going to be similar to the first that came in - If Romney comes in he is a business man and will be able to understand the fiscal nature of this stuff over there and what needs to be done to keep Iraq going and thats in line with the banks, etc ...Things have been at kinda of standstill but we are seeing movement finally.....moving at a quick pace behind the scenes - There is so much going on over there at this point in time - Maliki trying to gain power so many different ways - we are almost watching two different situations - him taking over the Central Bank - he may end up losing that battle but he still has the battle inside the government
"Set twenty official: States is committed to Basel 3 could face sanctions"
Talking about Basel 3 compliance - Let's go with what had happened over here in the US -We had the crisis over here that was with to the mortgages - we are all quite aware of that - some of that has put us in some bad situations - where we had the derivatives that were backed - the mortgage backed securities - the market - the bubble fell and there were no regulations and alot of regulations stemmed out of there
That kinda sent a ripple through the world - Basel 3 compliance is supposed to keep that from happening - supposed to give Banks enough requirements to have enough capital - To have enough funds on hand if there was a run on the banks - Lets them know where these funds are coming from and going to so they can trace large transactions, etc - And we are not quite aboard with all of the Basel 3 here in the US so everyone is complaining But what it really does is give them the ability to trace transactions and apply sanctions -
In our banking system we are trying to keep a little bit of our own personalized banking that we have over here...the FDIC..the things we have done seem to be enough...we don't want to be as stringent with all of that is going on - It's a fight inside the banking system to see who is going to win - Basel 3 in essence for us in Iraq is they are just going to be able to trace these transactions & they want to make sure that everybody is committed to this Basel 3 and if not they are going to be trying to get everybody on board
Iraq has alot of this already in place - and we are really waiting for the U.S. to come on board with a few other countries - Great Britain...the larger banking systems are kinda having a problem - it is very difficult when you start tieing all of the banking systems together - if you have a ripple someplace else nobody is not sure of what can happen to your banking system - you don't want a run in a small country to create a problem in your country because the system doesn't fail or it does fail - But I think that based on this and what Shabibi has done with this compliance in his country this will give him the ability to come back with everything that he needs to point the finger at Maliki....so we are keeping an eye on this as we go forward...very interesting we are hearing about Basel 3 compliance because I think that is the key - I think they have been doing most of that over there figuring out where the transactions went
DR SHABIBI WAS TALKING ALOT TODAY...LOVED IT
"Shabibi reveals detention of 20 central bank employee and demanding the release of their will"
One of the things that I am suspicious about is some of these articles coming out they sound almost the same as the week when it first came out with Shabibi and the arrest warrant.........What can that mean if they are doing that? What it generally means is Shabibi could be back in town - there could be things going on behind the scenes -
I thought one of the interesting things in this article is Maliki talks about he doesn't have the size or location of the deposit - I think he went into this looking to see if Shabibi had any information - Its almost like he is afraid they have information on what he was depositing and what banks they went into - We are seeing and reading Shabibi is close to coming back - If we don't see him this week we are going to see more articles in defense of him to really line up his return - nothing really bad is going on - the auctions have come down a little bit - the currency is not too big - they really need to decide this here shortly whats going to happen with the Central Bank because you have the laws of infrastructure and everything else that is going on - you have people coming into invest - we are hearing all over the place this is the place to go whether it is on Fox News, etc.....the economic situation is good - everybody is telling us how great it is - we are hearing alot of information about that as we go on.....They are paving the way for him to come back
"Shabibi: Maliki accused the central bank is not accurate and I invite him to detect corrupt files that are talked about"
Again sounds like similar articles that came out when it happened - a picture in this article looks new however of Shabibi - The difference in these articles and this one it keeps talking about a deposit that they are looking at - I find that very interesting - I really think that IF these are regenerated articles that they are a shot at Maliki across the bowel to kinda let him know that this is what we have you - we have the deposits - we know where the money is at and we know where the bodies are hidden (so to speak)..If they are regenerated they are paving the way for him to come in - he may also already be there working some things
Its almost like some of these articles Maliki talks about not wanting him to be around the bank at all blah blah blah...and some of them say he is there doing some work - he's demanding these employees get released....he's talking about women in some of these that are being targeted specifically - alot in here we did not know about before if these are the facts because we did have an article that said he would be back that Thursday following when all of this happened - the dates seem to be a little aloof in these articles....One or two things going on - either we are laying the groundwork for him to come back in and/or we are putting a shot over Maliki's bowel to let him know what we have on him and its coming back and the papers are slowly leaking this...There were an awful lot of articles about Shabibi today - it was kinda just weird how they hit the articles - its done for a reason - we may not see it up front as we start to go thru things because the government is there - it could be just to keep it on the front pages so that people don't forget about whats going on and to keep pressure on Maliki for the government side because those things absolutely need to happen
Article of interest
Raise its next Thursday .. House of Representatives discusses the policy of the Central Bank and finishing first and second readings of the six laws - please take the time and read the 4 pages about the Central Bank and the discussion in Parliament today
CBI Recap:
The fact that we are still talking about replacements in the news leads me to believe that Shabibi is not quite there yet - what we are seeing is a huge defense of him of him not be there right now - they are releasing more and more information - thats good that is what we want to see - we do not want him off the front pages - we want to make sure the people are informed as to what is going on - alot of what you are seeing is to keep him on the front pages in defense of him - lots of good things going on
So is the Shabinator coming back or not? He told us "HE WILL BE BACK"...you heard it here he will be back....lot of recycling of articles going forward - we think this is laying the groundwork for Shabibi to come back or a shot across the bowel to Maliki...We wait...we watch and we see - we should see more on Thursday and thru the weekend - Is there a 50/50 chance - here is me thinking out loud - two things can happen - you have Shabibi who can come back - you have someone who can replace him like Saleh - remember whoever replaces him if he leaves has to come in from the Central Bank and have some sort of idea for it to be a legitimate person that we are looking for - anybodys name that comes up the first thing that we are looking for is seeing what there pedigree is and how and If they are related to the Central Bank because that will give us the insight we need whether the new person who comes in goes forward - What does that mean to us? Will Shabibi come back and move this on? Who knows...maybe he is he not feeling well....is he tired of the battle....did he do something wrong? Did he not do it fast enough? All of those questions will be brought up if he doesn’t come back - that doesn’t matter to us - what we are looking for is that somebody comes in that understands the economy and understands what the groundwork Shabibi laid for his banking system to get it done and understands what is going on - We need to get Maliki's people out of the Central Bank and somebody who can handle them - If we get a replacement that is what we are looking for - If we don't he will come back and we will be back on track with Shabibi - lots going on - we don't have any idea if he is still there - its been very very quiet until the news the last couple of days
Its great that we are hearing about him - we have about a 50/50 chance but it is our opinion Shabibi will be back to defend himself at a bare minimum - whether or not he is replaced or not is still up to the Central Bank and the people that employ him- whether he is the strongest person to be there - whether they want to have him there - what they have going on in government - all kind of set of questions - But certainly the person they replace him with needs to have a Central Bank background IF that is what happens….we don’t know......but more than likely I am leaning toward he is going to come back and defend himself
Shabibi wanted to finish this up before his term ended - I don't think he would go a second term in 2014 - I believe he wants to come back and finish what he started. This is way too important to the world...the Middle East and the financial worlds to let it go much longer
Government
We had some great Government articles and discussion about each article which follows below - Mikes analysis follows after each article & a short Recap:
Maliki had a Bad Week and it looks like it is going to get alot worse.
Quick overview - Maliki is trying like heck to circumvent everybody - he wants to get Chapter 7 taken care of - he doesn't want his government formed so what he tried to do in lieu of having any reform papers is to form a new majority govt which would keep him in power - He is failing miserably at that - Its NOT happening - ITS NOT GOING TO HAPPEN - nobody wants it - nobody wants to do it - now all of a sudden he has pressure from all over him because he has failed to do that - now its almost like a shark frenzy coming out - they are starting to see weakness and as they start to see this weakness they are going to start attacking and who came out today.....
"13 deputies of Allawi's Iraqi demanding the formation of a new political body of the list"
Remember what Allawi was calling for here he wants the formation of a new political body - He is talking about the Strategic Council - we talked about Bicamalerism versus Unicamalerism on a previous call - He wants to get out of the Unicamalerism situation - he wants them to enact the Bicamalerism situation which allows them to have two bodies that make laws and that the Prime Minister no longer has the full power that he has and takes it from them - Allawi and his party have been very quiet and now they are starting to demand the formation of this political bloc - you call it whatever you want.......we have had that debate before - they want Erbil implemented and this political body to be taken care of and done....its one of their demands...very very interesting...and then we have the next article which I think was one of the best articles of the day
"Allawi: the Prime Minister to undergo questioning Parliament or go to his house and leave work"
This is my second best article of the day over Shabibis articles - this is the strongest case that Allawi has made for bringing him to Parliament - he wants him there - they need to question him - he basically says you failed to try to form to a government and even if you try to form your own govt that constitionally it is not right - he tells him straight up you would have to resign whether we have the new government or the government that we have decided we needed to have and are you ready for that? Thats like punching a bully right in the nose - these are two strong statements and it looks like Allawi is about to make his move - I think they have a really good idea this situation is going to get more favorable in the coming days and I honestly believe they probably will - we are starting to see a lot of consensus on whats going on and to just show how bad Malikis week really was..
"Maliki: No consensus on a majority government within the National Alliance and Sadr opposed"
He is trying to change the conversation guys – don’t let him fool you - he is out there saying this is democracy and truly it is not - He is trying to tell the people that what he wants to do is going to do is going to benefit the people - he has no leg to stand on and I guarantee you that it was Allawi that asked him whether or not whether he really wanted to form his government and you saw Allawi’s response in the previous article - he is trying to change it folks - he is very desperate at this point in time and he really wants to change the conversation - he is going to get forced to do something very quickly if Parliament decides as the articles are indicating they want to seat the ministers ..they want to get the 140 done....they want to push this stuff thru from the Parliament side and push it all onto him to say we have it all consensually put together for you - you have to put your finger on it and at that point in time the interntional community will come down pretty hard if he doesn't
"Vice chest: the blocks that voted on the Electoral Commission would be passed amnesty law"
Sounds like the passed the Amnesty law and Maliki does not like it and they passed the Electoral Commission - Remember he is trying to change the conversation folks - I don’t even want to say it was a bad week for him - Its a death nail for him - You have Parliament acting the way they want to - Parliament even went to judiciary and said yes you have the right to do this - they pulled a page from what Maliki has been doing and Maliki is saying No No No its not constitutional - what I want to do is constitutional - it sounds like my little cousin when I play with him - he sits there and wants to play a game and he makes the rules up so he wins and when he doesn't win he starts changing the rules - doesn't it remind you of a little child doing that? Well that is whats going on......you can tell how bad of a day he is having when he wants to start changing the rules
He is getting pressured from every situation - the minute when Parliament went back in and starting acting and doing things - they had 217 attending today - they got some things done....The Amnesty Law was big for the Sadrists - it was something he had already said that he wanted to already have done - putting his feet down and now he doesn't really have a say - What they are really calling for is the deletion of His Council of Ministers and have that reformed which puts the President and gives most of the control to the President and they are basically trying to put Talabani in charge – that’s what they are trying to do thru a Constitutional type of thing it’s what it looks like from the outside looking in because that is where the power will lie to sign the laws - THIS IS ALL GOOD FOR US FOLKS.....we want these things moving - we want Maliki on his feet and we want him DONE
Don't forget you back a cat into a corner he is going to start fighting so look for his responses to come out about this as we go forward
Government Recap:
Maliki had a bad week - really bad week - Looks like we have the amnesty law passed - we have the Election Commission agreed to for their Provincial elections - Maliki is going to try and postpone those as they come into March and April – that’s not going to happen - I think the International Community will really start to cry out if that happens and you are starting to see the formation or crumbling of him - He goes away - he says he wants to run for a third term - constitutionally he really can't and the reason he is trying to form a majority government right now is to say we don't need elections -that I can stay in because he is not going to win any election and he knows it - he doesn't have the political clout he had four years ago - things change in four years as we see in our country - alot that can happen - whether you think somebody is doing something right or wrong the proof is in the pudding - On how you feel and people feel....that is going to reflected in the elections and he knows that is not where he wants to go - his career dissipation light is on LIMIT and of all the times that we have seen Maliki being backed into a corner it is coming from every angle...Everybody is giving it to him...he really doesn't have any friends anywhere at this point in time
Two articles I wanted to add for tonight that I thought were important...
"Kuwaiti Prime Minister: I will sign important agreements during my visit to Baghdad"
This is great but remember as we have discussed Maliki is trying to back door Chapter 7 - it is tied to the formation of his government - but honestly seat your government - stop trying to change it and everything will fall into place – it’s all there waiting for him to do it......I guess the last thing I want to say about this is when LJ & Debbie and I were talking the other day Remember folks you see the people that are going to get you what you want which is the RV all as good people - they are not all good people - Allawi, Talabani, etc all have bad pasts in the government and did things they needed to do to get by- they are not angels - when you hear things and read things don't think of it as good or bad - the next guy who comes in is going to have his own agenda to a certain degree but as long as we can get a formation of a government that sorta keeps them in a circle then we are in good shape - so it is not about choosing sides here - Although we don't like Maliki and he had a bad week and he is standing in the way of progress - we would love to get him out of the way but the guys that are coming in aren't any better - they have their agendas and they are going to do what they are going to do - hopefully everything gets put into place when he gets moved out of the way - You have 70% of the people that want to work together and 30% that don't
The Washington Post: Blair says that the Iraqi economy is prosperous and calls for British companies to invest
I like this article because it tells you about the value that is there - he talks about getting British companies to invest in Iraq....Great article.....came out in many news papers - telling us how the economic situation is great except for the political situation - things are going well over there - they are really trying to pump it up - we don't know what we don't know in the political situation - we don't know whats going on behind the scenes - and if we could then we would really like to be a mouse on the wall on some of these things - the direction it is going if you ask me it is very positive - we are seeing VERY VERY POSITIVE THINGS across the scale here as far as how much growth is going to happen in the future - the oil, etc - we know that - be patient - don't think it is going to happen tomorrow - if it does BE HAPPY - there is always that possibility because there is alot in place - I really feel they need to get their government in place and that there is alot going on behind the scenes to help that happen
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 Tuesday - Nov. 6, 2012
CBI / ECONOMY
90 MPs demanding disclosure of the politicians’ names involved in central bank issue
Shabibi: I'll be back next Thursday to Baghdad and confirms the success of the central bank in exchange rate stability
Set twenty official: States is committed to Basel 3 could face sanctions
Shabibi reveals detention of 20 central bank employee and demanding the release of their will
Shabibi: Maliki accused the central bank is not accurate and I invite him to detect corrupt files that are talked about
MENTIONED ARTICLE:
Raise its next Thursday .. House of Representatives discusses the policy of the Central Bank and finishing first and second readings of the six laws
=========================================================
GOVERNMENT
13 deputies of Allawi's Iraqi demanding the formation of a new political body of the list
Kuwaiti Prime Minister: I will sign important agreements during my visit to Baghdad
The Washington Post: Blair says that the Iraqi economy is prosperous and calls for British companies to invest
Maliki: No consensus on a majority government within the National Alliance and Sadr opposed
Allawi: the Prime Minister to undergo questioning Parliament or go to his house and leave work
Vice chest: the blocks that voted on the Electoral Commission would be passed amnesty law
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. 6, 2012
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