Notes by Bulldogford65:
• Please do not call Frank with questions about what other websites are saying
• Tonight My Ladies and Delta will speak, then Frank will give I Team’s report
• Frank related that I Team reported the 2014 budget was opened to the GOI and it has already been ratified; watch the Iraqi Gazette; do not look for the rate, look for a date
• I Team was in the meetings with the CBI and the GOI
• Please read the post from I Team to My Ladies
My Ladies joined the call at this point
• ML (MyLadies) went to the UN website, it was announcing a special meeting of the UNDP (development plan) for Iraq’s economy
• UN wants to set up a fund for the damage and distraction caused by Daash and ISIS
• There is also now a parliamentary and international accounting committee meeting to explain what they are doing in the banking industry and private sector and economic reform
• Iraq has applied for a credit rating, and they have now been invited to join the international credit rating board – how can they be part of the international credit rating board without an international currency?
• ML opinion is that Iraq has paid all of their debts, including the balance to Kuwait, however no evidence has been uncovered yet to support their opinion
• ML3 found a document and translated from the board of governors to the committee of currency and finance explaining why the ISX is closed and what they are doing;
in ML opinion, they cannot see how the ISX can come back up without an international rate as the ISX will be linked to 25 international countries – how can the ISX be linked to other countries and not have an international rate when they resume on Oct 26??
• ML stated from Oct 19 – 31 we are looking for a date – but how can we get past the 26th??
• Frank reminded us that the ISX is closed, and understand what that means; with the articles coming out that there is an upcoming meeting of the GOI and CBI, know that the meetings have already taken place, I Team was guarding in the meetings and they are done; the GOI has opened and recalculated, and passed the 2014 budget
• Be aware that after Oct 26, it is a new year in Iraq, so the article stating the three 0’s will be lifted “next year” understand that after the 26th it is the new year (note: Muharram 1, 1436 A.H. on the Islamic calendar is Oct 25 on the Gregorian calendar)
Delta came on the call at this point
• Interior and defense ministers have been welcomed by UN
• Finance minister is a very smart man, and he is a Kurd; he has already started to function in his position behind closed doors
• In Delta’s opinion, the new currency is printed and ready to go, however the whole government needed to be changed first; now there is a complete government, and the Kurds are happy,
Abadi has been protected and has been working hard behind the scenes, everyone is happy with Abadi, and the international community and the ME are supporting the GOI
• The HCL/oil law is very important for the country and people of Iraq, Delta extended congratulations to the people of Iraq for all they have endured to get to this point
• Regarding the ISX, they are working to attract international investors, however they cannot trade internationally without an international rate;
X-stream is the international trading platform, and the ISX is to be back up on Oct 26
• In Frank’s opinion, Oct 19 was an eventful day, and in his opinion, the ISX will come back up on Oct 26, which is a Sunday, the first day of the business week in Iraq, and is also “next year” – the new year on the Islamic calendar will begin Oct 25;
I Team has confirmed that budget has been opened, recalculated, passed, and in Frank’s opinion the new software is being loaded on the ISX, and in his opinion, contains the new rate;
no one knows the date or the rate, however based on what they are telling us, how can the ISX come back up at 1166? All of this for penny stocks on the international market??
It defies logic
• What about the rate? think of this analogy – there is a difference between a match and a forest fire, but the forest fire begins with a match; it does not really matter what the rate comes out at, it is poised and structured to take off from whatever it comes out at;
Look at what was done in KW, Jack Lew and Christine Lagarde were there for that one also
• I Team says they still stand firm with October, they were at the meetings and heard the plan; watch the official Gazette
• I Team also reported that starting today, the borders of Iraq are heavy with troops; while we have been distracted with ebola, ISIS, Daash, the borders were being fortified; the Kurds helped, the borders with Syria were softened up and Turkey was told to get out of the way; Baghdad is safe
• Frank ended the call with prayer, and Andy lifted the prayer with the shofar horn blast
KTFA Monday Night Call. Approx.180 Minutes Long.
The First Part of the Call is Business Promo Night. The Second Part is Dinar/Iraq Intel.
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