Frank began by saying the news is all positive and he does not know how many more conference calls he will have.
Frank said the Chicago board of trade is now selling Iraqi bonds…This is confirmed by many sources…The importance is can these bonds be sold if they are not Article 8 complaint and have an international currency???
According to the internet the CBT sold 1 trillion in bonds on January 2…these bonds appear to have been pre-sold from October and the rate is $3.71….
The bonds were pre-sold to governments and to look at the coalition forces to see where. (In his opinion)
There is a second batch of $1 Trillion bonds for sale right now , but by Iraqi law the sale must be made in Iraqi IQD…This information is readily available and they are no longer hiding it…It is out in the open now.
The bonds are being sold in large chunks…indicating it is more than the average investor can afford so probably still being sold to countries.
In Frank’s opinion the Iraqi Budget is already passed and signed, and why would anyone give up physical IQD notes without getting something in return?
Nova states that in his opinion the Iraqi Bonds are sitting in Chicago waiting for the world to be told Iraq has an international rate.
Nova says the Chicago Board of trade cannot sell these Iraqi bonds without international status because the sale must be deposited in Iraq in IQD. Nova had said months ago that at the end Iraq would be unable to hide it anymore…..and we are there.. we are seeing it and it cannot be hidden.
Frank says the sale of the bonds is obvious….its out there , and at a level the average investor cannot afford…but its obvious now.
Frank talked about the huge big screen TV’s set up all over Iraq used for televising soccer etc…but also used to broadcast special announcements to the Iraqi people.
The I-Team reports that key people are coming to the US…not for dickering and negation..but for handshakes and celebrations.
The I-Team also agrees the budget is passed and signed and done… they believe it has gone through parliament, COM, been signed by all 5 players, and is sitting on someone’s desk waiting to be published in the Gazette.
New Team Member Ohio reports he saw a memo for the upper echelon of a large corporation in Asia saying that big things will be happening in Iraq this week. They are being told to be ready and on their toes because big changes happening in Iraq this week.
Frank observed that the Iraqis are behaving like they are already wealthy. Do they know something?
Delta called in and reminded everyone that the first batch of bonds according to the internet is $3.71…
Frank reminded everyone to keep their receipts for the purchase of their dinar because the dates could determine whether you pay long or short term capital gains taxes….The tax implications may vary greatly…do not trust yourself and to get good, licensed tax, and investment help. Invest wisely and do not become like a average lottery winner and lose it all.