Category: Gid Associates

Late Wednesday Night Jester Chat

[Jester] HI MODS, PEEPS, LURKERS, AND CRITTERS… HAPPY HUMP DAY…

[Jester] HOPE EVERYONE IS DOING WELL TONIGHT…

[Betsy Ross] Jester doing great and you?

[Jester] Betsy Ross I AM LIVING ON 5 HOUR ENERGY…. HAHAHAH

[Jester] IF SOME WEIRD STUFF SHOWS UP ON THE SCREEN LIKE IT DID THAT ONE TIME YOU WILL KNOW I WENT TO SLEEP ON MY KEYBOARD…. HAHAHAH

[Hannah] Jester Yesterday ran pretty long for you, didn’t it?

[Jester] Hannah BEEN A LONG COUPLE DAYS… BUT IT IS WHAT IT IS…

 [Jester] SO WHAT HAS BEEN GOING ON IN HERE TONIGHT?
….

[dinarrocks] Jester Is the fighting in Iraq been instigated by the Cabal? IYO?

[dinarrocks] Seems the more instability, the longer this can be drawn out???

[Jester] dinarrocks IT HAS A SIMILAR FEEL TO THE SYRIAN REBELS SUPPORT THAT MYSTERIOUSLY LOOKED LIKE IT MIGHT BE THE WRONG SIDE HELPING…

EVER NOTICE HOW THAT FADED OFF INTO THE SUNSET WHEN THE NEWS STARTED LEAKING OUT WHAT WAS REALLY GOING ON…

 [Jester] AND THEN THE UNKRAINE THINGIE… WHEN IT BECAME KNOWN THAT THE US HAD FUNDED THE SUPPORT OF THE OTHER SIDE THAT WOULD LIKE TO BE IN POWER AND BE MORE FAVORABLE FOR THE EU…

RUSSIA CAME IN AND TOOK A FEW NAMES… AND THAT ALSO MAJICALLY FADED INTO THE BACKGROUND…

[dinarrocks] Jester And possibly a ploy for “M” to maintain control if he can get martial law?

 [Jester] NOW… IT MAY BE THAT THE SAME THING IS HAPPENING HERE… LORD KNOWS WE HAVE NOT HAD MUCH WAR LATELY.

SO THE DISTRACTION CONTINUES  AND THE MISDIRECTION OF THE MEDIA WILL KEEP YOUR EYES FOCUSED ON WHAT THEY WILL LIKE YOU TO SEE…

[alfonse] I have been focused on Cantor losing his Primary. ;)

[Jester] Come in close, because the more you think you see, the easier it’ll be to fool you …

 [Jester] THE PROBLEM IS… WHY GO BACK TO IRAQ EXCEPT AS A DIVERSION… NOTHING TO DO THERE…

THE GUY THEY WANT IS RUNNING THINGS… AND ALL THAT IS LEFT IS THE RV AND THE PLAN WORKED JUST RIGHT…

THEY WOULD ACTUALLY HAVE TO BACK UP TO GO THERE AGAIN.. BUT MAYBE THERE IS NOTHING LEFT…

[bgood] Jester it would appear that as long as a crisis is created then the can be continually kicked down the road.

[Jester] bgood WHAT CAN ARE YOU MEANING?

[bgood] Jester. GCR, republic, RV, monetary reform.

[Jester] bgood I DON’T THINK THAT IS AN ACURATE ASSESMENT OF WHAT IS ACTUALLY GOING ON…

THE DIVERSION DOES NOT HAVE SQUAT TO DO WITH ANYTHING IF YOU ASK ME… IT JUST DOES NOT POSSESS A GRAND ENOUGH SCALE TO BE A DROP IN A WATER BUCKET OF THE BIG PICTURE…

THE ONLY REASON IT MATTTERS TO YOU GUYS IS YOU THINK IT HAS SOMETHING TO DO WITH THE RESET AND RV BECAUSE THAT IS WHAT YOU WILL LIKE TO THINK AND THEREFORE IT BECOMES SO…

 [Mudbone] Jester… Confirmation Bias…

[Jester] LETS TAKE THAT A STEP FUTHER… EVERYONE IS WORRIED THAT THE CURRENT CONFLICT IS CAUSING A DELAY….

AND THE ONLY REASON ANYONE IS WORRIED ABOUT IT IS BECUASE THEY ARE IN THIS INVESTMENT… OTHERWISE NO ONE WOULD EVEN BE WATCHING OR CARING OR KNOWING ABOUT IT…

[Jester] NOW I AM GOING TO MAKE MY POINT… SO FOLLOW ALONG…

[Jester] JUST TO PUT THINGS IN PERSPECTIVE… HERE IS A LIST OF ALL ARMED CONFLICTS AROUND…

AND THESE THINGS ARE CAUSEING DEATHS AT A RATE OF AT LEAST 1000 PEEPS PER YEAR AND ARE AND HAVE BEEN ONGOING JUST LIKE IRAQ….

[Jester] 1978 TO PRESENT – War in Afghanistan

[Jester] 2001 TO PRESENT – Islamist insurgency in Nigeria

[Jester] 2004 TO PRESENT – War in North-West Pakistan

[Jester] 2006 TO PRESENT – Mexican Drug War

[Jester] 2011 TO PRESENT Egyptian Crisis

[Jester] 2011 – Syrian Civil War

[Jester] 2011 TO PRESENT – Iraqi insurgency (THE ONLY ONE WE ARE WORRIED ABOUT)

[Jester] 2012 TO PRESENT – Central African Republic conflict

[Jester] 2013 TO PRESENT – South Sudanese Civil War

[ [Jester] 2013 TO PRESENT – South Sudanese Civil War

[Jester] NOW… HAVE I MADE MY POINT? DO YOU SEE WHAT I AM TALKING ABOUT?

[jbmeans] Jester absolutely

[LdyFaith] Jester,,,, loud and clear

[Jester] IF THE ONE THING… THAT ONE THING OF SOME SETBACK IN IRAQ… WOULD BE HOLDING UP A *** THING… WHAT ABOUT ALL THIS OTHER STUFF?

YOU GUYS NEED TO REALLY BE WATCHING ALL THOSE OTHER THINGS TOO IF THAT IS THE CASE…

[Jester] WAKE UP AMERICA! (PAUL HARVEY VOICE) HAHAHAHAAH

[diditrvyeet] Jester Can you at least tell us the date the steak tour starts, lol

[Jester] SORRY GOT A CALL…

 [Jester] diditrvyeet HMMMM…. PROLLY A FEW WEEKS AFTER THE RV… WILL NEED TIME TO SLEEP IN BETWEEN…. HAHAHAH

[spankey] Things look rough in Iraq on the news !

[dinarrocks] spankey But, look who CONTROLS the media?

[Mudbone] Jester Kind of like “The Report from Iron Mountain”

 [Mudbone] Alfonse I just read what was in The Creature from Jeykll Island but I plan to.

[Jester] Mudbone WELL THAT IS A GOOD BOOK… I BELIEVE THEY WERE SAYING THAT A WAR OR THE THREAT OF WAR IS ALL GOVERNMENTS NEED TO STAY IN POWER…

WORKS I SUPPOSE… UNTIL SOMEONE TRIES TO BE A DANG DO-GOODER AND CHANGE THINGS… AHHAHAH

[Mudbone] Jester War, Blood Sports (NFL) American Idol…

[dinarrocks] Jester SO, the fact that Iraqi parliament refuses to let “M” declare martial law is a good thing, right?

bgood] Jester in any good illusion your attention is drawn to the shiney thing. In this case the new crisis in Iraq. Forget the RV. My question is, what are they distracting everyone from?

[chasen] Yes but isn’t the return of the republic tied to the gcr and the Iraqi currency? I thought one won’t happen without the other.

[Jester] chasen THIS WILL NOT BE A POPULAR ANSWER… BUT HERE I GO AGAIN…

[Jester] I HAVE SAID… OVER AND OVER… THE TRN/USN WILL COME PRE RESET RV… NOW THAT IS MY OPINION BASED ON THINGS THAT I KNOW AND HAVE SEEN IN WRTIING AND BEEN TOLD… SO THAT DISPELLS THE QUESTION ALTOGETHER…

[Jester] BUT…

[Jester] THAT IS THE REPUBLIC… CONSIDER THE ASSET BACKED CURRENCY TO BE THE START OF THE RECLAIMING OF THE REPUBLICE….

[Jester] HAVE ALSO SAID… WILL TAKE YEARS TO RECLAIM THE WHOLE THING BECAUSE THIS WILL BE DONE LEGALLY… THERE IS A WAY AND I BELIEVE THEY WILL DO THAT…

[Jester] THERE MAYBE SOME ARRESTS… WE’LL SEE… BUT IT IS ALSO MY OPINION… AND THIS IS NOT POPULAR BECAUSE IT IS NOT WHAT YOU WILL LIKE TO HERE…

THAT THERE WILL BE DEALS AND STEPDOWNS TO AVOID SAME… AND THAT WILL MAKE IT LESS CRAZY…

[Jester] BUT I REALLY DON’T CARE ABOUT THAT AS LONG AS IT ALL GOES THE RIGHT DIRECTION…
.

[Jester] chasen NOW BACK TO YOUR QUESTION… YES… THEY ARE TIED TOGETHER… BUT NOT NECESSARILY THE WAY YOU THINK…

Jester] I COULD GO FURTHER BUT I HAVE SAID IT BEFORE AND THE REASON YOU DO NOT REMEMBER THE ANSWER IS BECAUSE YOU DON’T LIKE TO HEAR THERE IS OTHER THINGS TO WORRY ABOUT… HAHAHAHAH

Examples of CE Tips and Checklists   Part 1

(Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

(Everyone’s situation and needs are different- take, copy, print and use what fits your own needs and circumstances)

Example #1:

Goddess of Love: 

Quick Brief Checklist – Get Ready – Be Ready and STAY READY!!!

Be Ready for the Exchange Process Checklist 

New Email Address

Know how much $ you have and how much you have in reserves

Know which bank(s) you wish to use

List of Cashier’s Checks to pay off debts (bank will do these for you)

Make one check out to yourself so you have spending cash- $9500.00 is recommended.

Have your tax attorney, financial consultant, CPA etc. all ready to go

Know where you are putting your money. ie: trusts, regular, non-interest bearing and so on. 

Make sure to put 50% or more aside for taxes.

DO NOT MIX YOUR CURRENCIES.  DINAR MUST BE SEPARATE FOR TAX PURPOSES.

General rule 25% investments, 25% Living expenses and 50% taxes

 Get clear currency certificates or letter from the bank,  if buying a house, car or anything over $9999.99.  This will guarantee no hold up.

Take your time in placing your money in investments and purchases.  Let it sit for 60-90-120 days before moving. It gives you time to adjust and breath that OMG this finally happened. Trust me…. you will need the time!

 Overall, you do not have to make up your mind about how to invest your money until YOU are ready.  DO take time to read the NDA and the CONTRACT. DO discuss your options.  Make the choice that is RIGHT for YOU and YOUR FUTURE!

I wish you all the best of luck and do not forget to pay it forward my friends.

 Love and Light, Goddess of Love

**************

Example #2:

Cautiously Optimistic:   10 (11) things to be ready for the exchange process…

1. You will need to schedule an appointment with your bank to execute your “Currency Exchange”. Dial one of the following 1-800 numbers associated with your bank of choice to schedule your appointment: NOT NEEDED WITH VNN DONG OR OTHER CURRENCIES, ONLY WITH THE IQN

Bank of America – 1-800-###-####
Wells Fargo – 1-800-###-####
Chase – 1-800-###-####
CitiBank – 1-800-###-####

a. You will be asked to provide your name, your email address, and how much Dinar (IQN) you will be exchanging and an appointment at your banks nearest exchange center will be made for you. Additional information will be mailed to you. Make sure you have created a brand new emaill address to handle all your banking through (See “Personal Security” below).

b. Make sure you arrive at your appointment on time as there are an estimated 5 million private holders that will need to perform their exchanges too and the U.S. Treasury expects to have the majority of the exchanges completed within 7 days after the revaluation is announced. When exchanging, refer to your Dinar only as “IQN Iraqi Currency” (i.e. “Hello, my name is (your name) and I am here for my appointment to do my “Currency Exchange” of my “IQN Iraq Currency” for US Dollars, please.”). If you are exchanging Vietnamese Dong, only refer to it as “VNN Vietnamese Currency”. I do not think an appointment is needed to exchange Dong, but the recommendation is that you exchange both currencies at the same appointment.

2. Be prepared to sign a “Non-Disclosure Agreement” or an “NDA” that your currency exchange and the exchange rate you are given will be completely kept private and protected/hidden from public discussion of any kind for a period of up to 10 years. Details will be provided of the NDA and the signing there-of will be handled during your appointment. This is VERY SERIOUS! Failure to adhere to the restrictions of the NDA could result in a forfiture of all funds received, could result in felony charges and up to a 10 year prison sentence. Once you sign, mums the word. All specifics and ramifications will be explained at the time of signature.

3. During your exchange open up two new and separate “Non-interest bearing accounts” (NIB’s). Do NOT put your exchange funds into your existing savings or checking accounts. These funds need to be kept seperate for taxing and accounting purposes. Also, if you are exchanging Vietnamese Dong, that currency exchange deposit should also be kept in its own separate accounts.

a. Split your funds and place 50% of your exchange in each account.

b. One of the accounts is to cover capital gains tax on currency exchanges, which could be as much as 50%. The other as your working account.

4. Immediately open two new NIB’s and sweep your funds into those two new accounts. Close the original accounts. [ YOU CAN ALSO DO THIS AT THE TIME OF YOUR FOLLOW UP APPT.]

a. This will insure that there is no longer external reporting of your accounts/funds as banks do not report internal transfers within the bank itself. Only transfers between separate banks are reported, so this offers you a little bit of anonymity as your original accounts are closed.

5. From your working account you should be able to further diversify your funds into existing:
a. Checking
b. Savings
c. Expense accounts
d. Trusts
e. Money Market accounts
f. CDARS (for FDIC insurance on amounts over $100K-$250K)
g. Business accounts
f. Foundations
g. Hard currency/assets (Gold/Silver)
g. Other monetary instruments

6. If you are exchanging 25,000 dinar or less, a scheduled appointment may not be needed. When calling the 1-800#, the call center representative will most likely give you the location of the nearest exchange center. You may be able to do a “walk in” exchange with no scheduled appointment if you are exchanging less than 25,000 IQN. Follow any instructions provided by the call center representative. NOTE: If you do not have IQN you DO NOT use the 800# and can walk up to a teller to exchange … with a lot of currency you may prefer to make an appointment with a wealth manager for privacy

7. Cash Withdraws at time of exchange are limited to $10,000. Some banks may not be able to handle more than $5,000 cash due to limited cash supply in the vault.

8. DO NOT attempt to wire more than $500K from your account to another bank or financial institution as this will trigger a “FLAG” event that might result in an investigation or the “Freezing” of your accounts.

9. PAY YOUR TAXES!!!! Both Federal and State Taxes if applicable. If you live in a state with income tax, contact your tax preparer to have your state income tax estimated. You will want to pay your estimated state income tax before 12/31 to help reduce your federal tax liability. Higher a CPA or Tax Attorney to assist. Can’t stress this enough.

10. Don’t make any major financial decisions or purchases for 30-90 days min. Give things time to sink in and do some planning before doing anything major.

11. Things to keep in mind:

a. Be calm and collected when exchanging. It is ok to ask questions.

b. Do not try to negotiate a higher exchange rate.

c. Be aware of “Sweep Fees” and “Exchange Spread fees” and how they will impact your exchange. Google them. Some, most or even all of them can (up to fees levied by the U.S. Treasury) be waived by the branch manager depending on how much currency you are exchanging and depositing in the bank.

d. Personal Security is paramount. Create a brand new online identity complete with a shiney new and secure email address (http://www,hushmail.com offers a very good service) and a new tablet or laptop that you will only use for your personal banking needs and activities. Think about a new and seperate cell phone with which you only use for business.

e. Contact a private banker, a wealth manager, and a really good CPA or Tax Attorny. I highly encourage everyone to sign up for Legal Shield (www.legalshield.com/)

.

f. Pay it forward. Do something kind to help others or reach out to your community to help with projects or educational initiatives.

Donate to your favorite charity. Tithe to your church. Set up a foundation. Do something positive.

g. ADHERE TO THE NDA!

Controversial Prediction: Iraq An Investment Opportunity

A MUST WATCH VIDEO Post From Stryker’s Blog By Stryker

Controversial Prediction:  IRAQ is an investment opportunity

This whole video is great but here are a few important parts to watch for:

Pay very close attention to the 1:50 minute mark as he confirms that you cannot believe what governments tell us when it comes to financial transparency. It is funny to me how so many people believe that you can trust the CBI’s M0, M1. M2, & M3  numbers but the same people think the stock markets are being run by fraudulent means.
~~~

  I believe we only hear what they want us to hear and what they want us to believe.

Number manipulation goes on to keep ones thinking obscured is my point.

Also at the 7:20 mark the subject goes to Iraq. Despite the obstacles Iraq is still a great investment opportunity. He talks about all the Gold that is in Iraq, something our friend SWFG talked about and explained to us as part of his research.

OK, and the BIG PART of why we are bringing you this video is at mark 10:00 minute mark where he says that the Iraqi Currency is going to REVALUE!!!!!!

I LIKE THIS GUY BECAUSE HE TALKS ABOUT THINKING OUT OF THE BOX LIKE I DO!!!

http://www.strykerblogforum.com/post/a-must-watch-video-controversial-prediction-iraq-is-an-investment-opportunity-6741449

Iraq Goes International July 1, Will The Dinar?

Stryker Blog:    Iraq Goes International July 1, 2014, will the Iraqi Dinar?

Connecting the Dots all the way to Article VIII

    This is a recap of my broadcast on Friday May 30, 2014 in where wmawhite and I uncover and put forth what we feel are the biggest discovery of facts ever to be uncovered in over a decade of the dinar being introduced to investors.

By connecting these dots we have turned the dinar community right-side up!
~~~

 Up until now the gurus have had people so upside down they couldn’t see straight, many have lost everything because of these people calling the RV week after week, month after month, year after year but now there is a real time frame and a clear understanding of events that have taken place without rumors and unnamed sources being involved.

    This break down is intended to help understand our thoughts through the written word but please watch the broadcast to get a further understanding straight from wmawhite and myself.

    April 30, 2014 Elections were held in Iraq

    May 2, 2014 Abdul Basset Turki, acting governor of the Central Bank of Iraq makes a public statement that includes the follow quotes:

    QUOTE: “The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country.”

    QUOTE: “the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market where traders of manipulation.”

    QUOTE: “talk is not only about the lifting of the zeroes where the currency change will rearrange the entire government records and change the accounts that deal with public spending,”

    QUOTE: “the project to delete the zeros of the central bank governor said that the new measures will be there by the middle of this year, the bank raised about the new currency and the deletion of zeros”

    Why did he come out 2 days after the elections were held, before any  results  were  given and make such a bold statement? Because there is a clear agenda and this agenda of events will became even clearer as you continue reading.

    May 17, 2014 Obama extends EO 13303 for another year even after CBI governor Turki had already stated that they did not need any more protection of Iraqi assets. Why was it extended then? Because Obama could not write his own Executive Order to amend something he did not write in the first place (EO 13303), written by George W. Bush May 22, 2003 and terminate the Prohibitions under it until he first extended it.

    May 17, 2014 U.S. Department of the Treasury sent this bulletin at 05/27/2014 05:35 PM EDT entitled: Issuance of New Iraq-Related Executive Order to OFAC (Office of Foreign Asset Control)

    Who is OFAC and what do they do?

    OFAC administers a number of different sanctions programs. The sanctions can be either comprehensive or selective, using the blocking of assets and trade  restrictions  to accomplish foreign policy and national security goals.

    See OFAC has been the ones that are in charge of enforcing the economic sanctions and now they have been notified that the prohibitions have been terminated:

    QUOTE: “The President signed an Executive Order (E.O.),  “Ending Immunities  Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,”  terminating the prohibitions  contained in Executive Order 13303 of May 22, 2003”

    Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work  directly  with the  CBI, Article IV and Article VIII of The Article of Agreements should now be completed or sOoN will be. 

    Article IV: Obligations Regarding Exchange Arrangements

        1. General obligations of members

        2. General exchange arrangements

        3. Surveillance over exchange arrangements

        4. Par values

        5. Separate currencies within a member’s territories

  Article VIII: General Obligations of Members

        1. Introduction

        2. Avoidance of restrictions on current payments

        3. Avoidance of discriminatory currency practices

        4. Convertibility of foreign-held balances

        5. Furnishing of information

        6. Consultation between members regarding existing international agreements

        7. Obligation to collaborate regarding policies on reserve assets

 May 27, 2014 Obama signs an Executive Order Amending EO 13303

    QUOTE: “I, BARACK OBAMA, President of the United States of America, I hereby terminate the prohibitions contained in section 1 of Executive Order 13303 of May 22, 2003”

    Here is exactly what section 1 of EO 13303 says, pay close attention to the keywords that I have highlighted:

    I (George W. Bush) hereby order:

    Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following:

    (a) the Development Fund for Iraq, and (b) all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests  therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons.

 * Unless licensed: as in dinar dealers and other institutions

*  is prohibited: self-explanatory 

* any financial instruments of any nature whatsoever: as in Iraq’s currency or any other financial instrument

*that hereafter come within the United States: currency, gold or any other assets

*hereafter come within the possession or control of United States persons:  that’s you, me and anyone holding Iraq’s financial instruments (Iraqi dinars) or any financial instrument whatsoever.

See we and the dinar have been protected under  this  order and why Canadians, Australians and others have bought their dinars through dealers here in the states.

But when Turki pulls the trigger for Iraq to go live all  banks  that want to deal in Iraq’s currency will be good to exchange worldwide.

Up until now we have traded USD for dinars or whatever currency you used to buy your dinars.

Soon though we will be able to exchange our dinar for any currency through banking institutions now that OFAC has or will be removing all financial sanctions.

    Can you see where this is going? On June 27, 2013 Chapter VII Sanctions  were  released and moved to Chapter VI under UNAMI making Iraq a non-threat to the international community but OFAC still had the prohibitions in place because of EO 13303 and Iraq could not play with the rest of the world in the international market place until these were terminated as well. The next move is for OFAC to remove these sanctions!

    May 28, 2014 Central Bank of Iraq approved all licensed currency transfer companies. Only one day after EO 13303 was amended through a new executive order, coincidence?’

 Not at all, see the agenda must be followed. This further proving these financial instruments in the form of the Iraqi currency that were held at bay by the OFAC should soon be able to be traded anywhere.

Not yet though, these companies must first complete all the necessary paperwork, open accounts both in USD and Iraqi dinars, deposit 20% of their capital to insure and guaranty their transactions that they will be making and of course the CBI needs to announce to the world their new monetary system, moving them away from this dual currency regime and into a more standard international way of doing business.

    One more thing, here is the verbiage that is very telling from the new executive order and proves that all assets will be released returned to the Central Bank of Iraq, not the GOI and have been held in prohibition by OFAC prohibited to be used for anything until now and why they have not been used to back the real value of the dinar.

    QUOTE: BARACK OBAMA:  I hereby report that I have issued an Executive Order  (the “order”) terminating the prohibitions contained in section  1 of  Executive Order 13303 of May 22, 2003, as amended by  Executive Order 13364 of  November 29, 2004,  on  any attachment, judgment, decree, lien, execution, garnishment, or other judicial process with respect to the Development Fund for Iraq and Iraqi petroleum, petroleum products, and interests therein, and the accounts, assets, investments, and other property owned by, belonging to, or held by, in the name of, on behalf of, or otherwise for, the Central Bank of Iraq.

    Folks, the CBI is in charge of the monetary system, their main goal is to maintain and increase the exchange rate of the Iraqi dinar.  To  increase the  purchasing power of the Iraqi people through assets belonging to the Iraqi people, not their government.

 This is declared and noted by the Iraqi Constitution. The frozen assets, petroleum produced and non-produced oil which are held in reserves underneath their feet belong to the people of Iraq and such will be used by the CBI to bring back the wealth as it was before the zeros were added.

    Article III of the Iraqi Constitution:   Oil and gas are owned by  all the people of Iraq in all the regions and governorates.

    This is why the Executive Order reads as it does: Iraqi petroleum, petroleum products, and interests therein, and the accounts, assets, investments, and other property owned by, belonging to, or held by, in the name of, on behalf of, or otherwise for, the Central Bank of Iraq.

    Now who is in charge of the Central Bank and who made such bold statements 2 days after the elections took place? That’s right, Abdul Basset Turki, the acting governor  of  the  CBI, the man in charge of the exchange rate of the dinar.

    OK, let’s recap it all: All financial instruments have been terminated by the new executive order, OFAC should soon, if not already release all financial sanctions  worldwide  on  Iraq.

    All assets that are estimated at somewhere between, $150-$180 billion dollars will now be released back to the CBI and Turki, the man in charge of the CBI is saying all measures will be in place by middle of this year. That sums it up or does it?

    Not quite, when could we see this take place?

    Well July 1, 2014 ISX goes international:

    QUOTE: The Iraq Stock Exchange (ISX) is currently in the process of upgrading to the latest Nasdaq trading platform after signing an agreement with Nasdaq OMX in June 2013. The new platform, currently used by more than 25 exchanges globally, is capable of supporting multiple asset classes, although the ISX concentrates mainly on cash equities.

    QUOTE: “We will complete the implementation at the end of June, and it will go live at the beginning of July,” said Taha Ahmed al-Rubaye, chief executive of the ISX.

    Folks, Turki said that all measures will be in place by the middle of the year, that’s Monday June 30th and July 1st starts the second half of the year. Turki said that the  central  bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country.

    Political: There are articles showing that a new government made up of 200 parliament deputies will be announced right after the ratification of the ballots, which is do any day now. This should settle the political situation Turki is looking for.

    Economic: Settled economic situation he is talking about we believe is OFAC releasing back to the CBI all the Iraq’s wealth and that is a major part of the  measures  Turki refers  too.

The other part is the 2014 Budget but there are signs that Parliament will expedite the passage once the ratification takes place, insuring what Turki needs to settle the remaining economic conditions.

He said that the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency.

This will take the budget passage to complete accounting and record keeping or at least the new exchange rate predetermined within it.

    In finishing, all monetary system changes and exchange rate announcements or made over the weekends and are announced to the world on the opening of international banking on Monday mornings by any Central Bank. We have five Monday’s in June the last one being Monday the 30th and July 1st being on a Tuesday, just saying.

    A special thank you to wmawhite for helping me connect the dots and joining me yesterday on my webcast to explain it all!
  
    Have a great weekend my friends,    Stryker

More Added:

The average Iraqi makes $6,500 per year

They don’t have millions of dinars saved

The CBI refers to it has a delete the zero project

Numbers and pay will be deleted of these zeros as well

Raise the purchasing power by three zeros doesn’t mean the Iraqi’s get rich

People need to stop thinking about this like it is about you, it is about them

We are investors of their currency, as such we will be exchanging ours back for dollars or what ever currency you have in your country.

An Iraqi will be using their dinar and stop using the USD for everyday things and really will just see it when they buy something, their money goes much further…

Supporting Links:

Letter: Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended

http://www.whitehouse.gov/the-press-office/2014/05/27/letter-ending-immunities-granted-development-fund-iraq-and-certain-other

Issuance of New Iraq-Related Executive Order

http://content.govdelivery.com/accounts/USTREAS/bulletins/ba7c51

Executive Order 13303

http://reclaimdemocracy.org/executive-order-13303/

Articles of Agreement of the International Monetary Fund

http://www.imf.org/external/pubs/ft/aa/

Issuance of New Iraq-Related Executive Order
http://content.govdelivery.com/accounts/USTREAS/bulletins/ba7c51

Executive Order 13303
http://reclaimdemocracy.org/executive-order-13303/

Articles of Agreement of the International Monetary Fund
http://www.imf.org/external/pubs/ft/aa/

German Acting Ambassador promises to facilitate Iraqi businessmen tasks in Germany

Najaf / NINA / German Acting ambassador in Baghdad, York Shaw Graf promised to facilitate the task of Iraqi businessmen and traders in Germany.

Graf said, during his visit to Najaf Chamber of Commerce, that : ” Germany is interested in arriving Iraqi traders to Germany to achieve commercial cooperation .”

He added that ” representatives from 30 German companies will be invited to come to Najaf to take advantage of investment opportunities in it.”

He said: “Next year will see a significant improvement in the area of procedures for issuing visas to Europe as the process of issuing a visa by the German Embassy has been slow to be marred by some complexity due to lack of staff work and some technical problems .” / End

LINK

Frank & KTFA Members Questions & Comments

Post by Shade » May 31st, 2014, 2:01 am  •  Frank you said:   Delta is like a little kid right now filled with excitement for the progress he is understanding. He gives me Time Frames, NOT Dates Normally. But the 20th is not an IR day (International Rate) it is the fulfillment of art. 8 We seek.

What does the underlined part mean? What’s the 20th if it’s not an IR day? Doesn’t the fulfillment of art 8 mean an IR must be in place?

realtormc wrote on May 30th, 2014, 10:55 pm:   How is it that the VND will come out? That currency is already internationally traded currency. They’re in Article 8. It seems that Vietnam needs to reduce its money supply a lot before a change in value.

1 USD gets you like 20,000 VND with no trading restrictions
1 USD gets you like 1166 IQD with restrictions that are close to coming off.
~~~

    james49 wrote on May 31st, 2014, 6:26 am:      Vietnam only has 35 billion in reserves and thats not much to run a country and with China and Russia wanting to use their currency I IMO will take on a new and higher rate just as soon as the U.S.and Iraq stop playing patty cake with peoples lives. of course what do I know. Blessing to you

Post by hawger03 » May 31st, 2014, 1:20 pm  • I’m sorry James49 but I have to disagree. Reserves don’t run a country…..reserves are just that, reserves. A nations currency is not determined by their reserves but by the productivity of their country.

Vietnam is a super productive country and, if allowed, their currency would be far greater. The problem is that large countries like the US and China have kept their boot on their backs. Under the types of restrictions that Vietnam has faced, most countries would have fallen long ago.

Vietnam keeps pushing and grows in spite of the oppression. IMO, Vietnam has all of the qualifications and the extra factor of perseverance that should push their currency to match their productivity.    Blessings to you.

Post  by edvision » May 31st, 2014, 3:05 pm  •  [Post 95]  For Frank, because he likes things in threes.

HTTP://www.simonsfoundation.org/quanta/20140527-physicists-prove-surprising-rule-of-threes

KTFA   Ed

Post  by Millie » May 31st, 2014, 3:16 pm  •  [Post 98]  What does this mean for us Frank. Is this good news?  Thank you

Announcement From CBI

http://www.cbi.iq/documents/Announcemen29-5-2014.pdf

The Republic of Iraq

The Central Bank of Iraq

Greetings:

To all exchange companies and money transfer companies

Based on the provisions of paragraph 2 of Article 4 of the code of the Central Bank of Iraq, and the decision of the Board of Directors taken at meeting number 1511 on 4/30/2014, the agreement is as follows:

1. All exchange companies are to purchase the dollar directly from the CBI (wire transfer or cash). This is done through submitting an application to the foreign currency exchange window, following the mechanisims and instructions numbered 9/3/21 dated 1/26/2014.

2. Opening accounts in the Dinar and Dollar for the exchange companies for this bank should be done through the banking system (ICBS) for the purpose of foreign currency purchase.

This should be done in the following manner:

A. Current accounts will be opened in Dinars through the (ICBS) banking system for every company according to the request made by the company. The company is not provided with checkbooks for this account.

B. A code will be given to each account to deposit funds into the account through the (RTGS) system from the accounts of the exchanges.

C. An account will be opened using the Dollar for each company, and they will be provided checkbooks for the purpose of withdrawing the dollars sold by the bank, provided that this bank provides the names on the authorized withdrawals and copies of their signatures. The checkbooks are to be authorized exclusively for the purpose of withdrawing the dollar for it’s purposes.

D. As for the exchange, the companies will submit a formal letter signed and authorized (2 authorizations) entitled to The Direct General of Exchanges.

3. The company’s quantity sold in cash should not exceed 20% of the company’s capital for the purpose of direct sales.

4. Create units for supervising compliance and money laundering.

5. The money transfer companies are to provide us with the monthly balance, checked and signed by another legal accountant. This will show the extent of this company’s commitment to instructions number 19 of the year 2014.

With Respect,

General Director of the Agency

Abd Al-Abbas Khalaf Sultan

Post by aggiedad77 » May 31st, 2014, 3:58 pm  •  [Post 102]  

First to note…..I’m doing this in RED with Frank’s permission……he would have posted but as I type he is getting his feet wet.

FAMILY……Frank and I were searching for this article yesterday…..we both missed it….as benblessed1 put it up on yesterday’s thread….and here it shows up again…..this time it got the necessary attention….it also ties in with the posts that WalkingStick has been posting today

BINGO!!!!

Please spend some time studying this CBI article…..study the news articles and try and understand what it means….how does this affect the CBI……the vendors……the Monetary Reform steps….share your ideas and thoughts

This is another step in the process……another step closer to what we all seek

Frank will explain more on the CC on Monday….but he is looking for input from anyone who is willing to share…..in a respectful manner.    Blessings to you all    Randy

Post by ewtohan » May 31st, 2014, 4:18 pm     Mr Nova could you explain this to us … in would be better to hear it from a pro in the banking industry thank you in advance

Post by lcm » May 31st, 2014, 4:34 pm   What does this mean????????

To me this means that we are a breath (short breath) away from what we are all waiting for.

Once this is done, the only other thing that needs to happen is release the rate and it’s done. International status and immediate ability to exchange dinars worldwide for dollars. Interesting how they are only talking about the dollar – dinar combination.

That may have been a very smart move on the AOP to set it up that way.   IMO   lcm

Post by Frank26 » May 31st, 2014, 5:20 pm   Icm,    USD and IQD ……. Only ……… YES!!!

Is this a preparation to compliment the 33 offices the CBI just recently licensed ?KTFA,   Frank

Postby Kelly123 » May 31st, 2014, 5:31 pm   Frank, maybe having the CBI in charge would be best … they have to be transparent and comply with international regulations and law, plus they have all the money. ???? hmmmm …. not sure though. Please tell me.

Post by Shade » May 31st, 2014, 4:41 pm   Icm,  with all due respect we’ve seen so many more steps that we did not know existed until after the fact so …. don’t hold that breath.

Post by Frank26 » May 31st, 2014, 5:28 pm   Shade,  True that ……. But will You join us in saying …….. This has NEVER before been seen in the MR of our investment.

Lets stay Strong as we study EVERY STEP …..They are willing to show us.  KTFA, And give Thanks for it.

Post by Shade » May 31st, 2014, 5:52 pm  Frank, Yes I will join you on that.  Just saying that we don’t know how many breaths are left before an IR.

Post by Frank26 » May 31st, 2014, 4:58 pm  Icm,  I had a LONG talk with my broker last night. Why?

Because he buys dinars from Iraqi Brokers via the CBI.  I am asking for Your opinion KTFA Family on this article.

If YOU were a broker in Iraq and the CBI just (TIMING) told You they want EVERYONE to go to the CBI to purchase dinars……….. What would You say or ……. Do?

Has Your control of the dinar gone out the window and into the windows of The CBI?

Is this STEP good or Dangerous for our investment?

WHO ……. KTFA FAMILY …….. Do YOU want to have 100% CONTROL of the Iraqi Currency called the ……… DINAR?   Tell me ………. :hangloose:   KTFA,  Frank

   Post by Shade » May 31st, 2014, 5:06 pm   Shade wrote on May 31st, 2014, 2:01 am:   Frank you said:

    Delta is like a little kid right now filled with excitement for the progress he is understanding. He gives me Time Frames, NOT Dates Normally. But the 20th is not an IR day (International Rate) it is the fulfillment of art. 8 We seek.

    What does the underlined part mean? What’s the 20th if it’s not an IR day? Doesn’t the fulfillment of art 8 mean an IR must be in place?

Post by Frank26 » May 31st, 2014, 6:02 pm   Shade, I already explained this.   Once again…….. DELTA and I seek an IR on or before the 15 th . If not by the 20th ………. We have to re- think this MR. KTFA, Frank

Post by cshessman » May 31st, 2014, 5:45 pm  •  [Post 143]

“aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news?”

Announcement From CBI”    http://www.cbi.iq/documents/Announcemen29-5-2014.pdf

Greetings and Blessings Family…  In Simplistic Terms… The Kindling has been laid these past many months…The Lava has been flowing…. and now This Statement from the CBI is THE MATCH that is about to light our investment on FIRE! :run:

Family…you should have the Biggest Brightest Smile and Glowing Red cheeks on your Faces today! Amen!

Post by Frank26 » May 31st, 2014, 6:34 pm  :rofl: …….. I believe they are now using an acetylene torch …… :lmao:   KTFA, Frank

billuke wrote on May 31st, 2014, 4:59 pm:Although we’ve been told that M will be gone, Is there still the possibility of Maliki being the PM again?!?!

Postby Frank26 » May 31st, 2014, 5:48 pm   First we need to see if his party wins.   As I shared ……. Election results more than likely will be given to us on the 15th ……. Last nanoseconds.   KTFA,  Frank

Post by Kelly123 » May 31st, 2014, 5:54 pm  •  [Post 152]

 “   cshessman wrote on May 31st, 2014, 5:45 pm:aggiedad77″;p=434427]”Millie”;p=434420]What does this mean for us Frank. Is this good news?   Thank you   Announcement From CBI”

    http://www.cbi.iq/documents/Announcemen29-5-2014.pdf

one more step DONE!!!! {x}  I think they are checking things off and doing the plan precisely as planned to the wire. No delays, we are watching it happen as planned to the wire!

I think turning on the currency is coming … the steps in between an IR are few!!! (IMHO)

Post by aggiedad77 » May 31st, 2014, 5:56 pm   Frank,    I do believe we saw an article today from the Electoral Commission that is stating the election should be ratified on June 10….don’t know if that means we will actually hear the results that day but we can hope….just saying’

This has turned into an exciting day….by the way…you did authorize that red post didn’t you….. :rofl:  I love it when I can get you excited…..  Randy

annmarchus wrote on May 31st, 2014, 5:26 pm::working: frank, I would want control of my dinar not the cbi to decide for me!

Post by Frank26 » May 31st, 2014, 6:18 pm   annmarchus, Sadly Friend ……

You would be waiting forever.  For only the CBI can qualify for articles 8 to receive an IR for the IQD .. You process.  KTFA, Frank

Friday Morning News Summaries from Aggiedad77 at KTFA

aggiedad77 » May 30th, 2014, 10:44 am 

Friday Morning News Summaries

Zebari and his Algerian counterpart agree to hold a preliminary meeting for cooperation and open a direct air route between the two countries

Zebari and his Algerian counterpart talk about opening direct flights between the two countries…they also discussed ways to increase bilateral relations.

Global mining company describes the results of drilling in Kurdistan as “disappointing” and is considering continuing its work in the region

This may very well be the first of any news that is oil and gas related of someone announcing that exploratory wells were disappointing….but this could be from the lack of adequate seismographic work too…
….

the Irish drilling company though they talk at times in terms of “mining”….makes one wonder how much they really understand about “drilling” for oil….they intend to drill another well that will take 150 days to complete….tells me they are drilling relatively deep for some reason….the article talks about the Kurds pumping between 100 and 120,000 barrels of oil per day to Ceyhan, Turkey….Barzani is quoted as saying as he’s said earlier that the Kurds will continue exporting to Turkey until at least the end of the year to ensure their employees get paid….and of course the Baghdad government is barking, barking,barking…..but do they have a serious bite at this time.

Bookmark calls for the adoption of the principle of dialogue and efficiency and the involvement of all the ingredients in the formation of the next government

There should be open and viable communications that will ensure the formation of a government that is meant to serve the needs of the people….this new government needs to strongly focus on the immediate needs of many of the Iraqi people…basic necessity type needs to survive….this is greatly needed within the Basra province where much of the oil comes from that is exported from Iraq.

Iraq reduces the effects of Obama’s decision to lift immunity for his money the U.S.

Without specifically providing details….and I don’t blame them for not….Iraq plays down the impact of the US dropping the immunity for their DFI bank account and other properties….after all we aren’t talking “chump change” here….this is billions of USD…..who could imagine they wouldn’t have done adequate homework to protect this money in every way possible….of course they must exercise great caution in what they do with the money and how they choose to invest it…..the CBI may not be dancing in international circles with an IQD of any value yet…..but they are no rookie when it comes to dealing with other foreign currency that does have value…..what will be of interest….if it is possible to follow…..is what currency the Iraqi’s decide to convert this money to….will they stay with USD….will they convert to IQD, ruble, yuan, VND…..who knows….try to follow this trail though.

Maliki discuss with Abu Risha conditions Anbar

Maliki met with the head of the Iraqi Awakening Conference to purportedly discuss the security situation in Anbar…..I’m thinking out loud that maybe they also talked of alliances…..I find it interesting that Maliki appears to be pushing for more “militia” type help in dealing with DAASH and their “lackeys”…..new code word for al-Qaeda….an MP for the United coalition who has great strength in Anbar says that solutions for Anbar will not come in public conferences and showy interviews….it must be dealt with on legal levels.

Kurdish Deputy: Parliament will not take place soon because of differences

A PUK Parliament member is quoted as saying the Parliament will not be getting together any time soon because of political differences….most of which stems from the ongoing issues between Baghdad and Erbil that for the most part lay largely unresolved….then more of the same gibberish of the feeling of betrayal that Baghdad feels over the Kurds being successful at selling their own oil….again much bark from them….but how bad will the bite truly be.

Muqdadiya calls for Parliament to speed up passage of the budget to stop many of the service projects

Parliament is being urged by many within the provinces to get their act together and pass the budget as soon as possible….there are many delays to a number of projects that are adversely affecting the Iraqi citizens and attention is needed in these areas….so put the political issues aside and get on with the budget….at this point….the people are being let down big time.

Council Basra threatens to export oil, “individually”

Hmmmm I wondered if this would happen….other provinces getting idea from the Kurds….I’m not sure how the provincial government of Basra could pull this off….after all they have been exporting oil for “Iraq” and the money goes into the state coffers…..would they have some way to intercept the revenues being paid so as to highjack the state…what they appear to be proposing amongst themselves is grabbing what they feel is rightfully theirs based on budget calculations and letting Baghdad have the remainder….instead of Baghdad paying them after the fact.

Kirkuk is now making some noise regarding their share of the petrodollar allotment ($5) that is to be paid to the oil producing provinces….claiming of course they haven’t been paid and this is slowing down project work…nothing new here…..the petrodollars haven’t been paid because the budget hasn’t been approved…..they are claiming that the Ministry of Planning has allocated a trillion, 200 billion dinars for the petrodollar to be issued to Kirkuk.

Liberal confirms its agreement with the majority to form the biggest bloc of 200 deputies and “al-Maliki was unable to form a government.”

The Liberal bloc has announced that it has a majority of deputies on its side, 200 they count, to be able to form a new government…..basically leaving Maliki out in the cold…..but there are still many negotiations being dealt with all over the map….nothing is final….until the election results are ratified…which should be coming in the next couple of weeks.

Liberals: We will announce publicly the block comprises 200 deputies after the ratification of the election

More claims by the Liberal bloc that they will be announcing they have accumulated 200 deputies and will be announcing this as soon as the election results become ratified…..they are claiming that with the 200 they have put together that does not leave Maliki with enough to trump them….I say don’t be counting those chickens before they hatch…..somehow they are now giving Maliki and the State of Law credit for winning 120 seats….thought he won 93 as stated earlier.

Assadi: State law does not put a veto against the Kurds to take over the Presidency of the Republic

It appears that the State of Law coalition may be talking with the Kurds….wonder if they are really listening…..could there be an alliance forming here that would put another Kurd in as Iraqi President while maintaining Maliki as the PM….are the Kurds being courted or coerced into a deal…..what assurances could Maliki possibly put either on the table or under the tablet that would have the Kurds believe they will get what is promised….Maliki has offered this horse before and all they got out of the deal was a dead mule.

If Kurdish MPs back new Iraqi government, it may tear Kurdistan apart: A question of loyalty

The Kurds have some deep thinking to do…..can and will they support Maliki as a whole to give him a majority of the house seats at least 165….or will they split and ultimately cause damage to their region politically and also risk not having a Kurd in one of the top three government positions….as things stand now…..by aligning with Maliki it is highly likely that Barzani would be given the role of President of Iraq, filling the vacancy left by Talabani….but will Barzani and his group agree to such a thing…..some believe he will be a stronger ally to the Kurds than Talabani has been, especially in recent years due to health issues….but the real question remains….will just getting over the 165 seat hurdle be enough for Maliki when the Liberal bloc is touting they have secured 200 of the MP seats in their alliances…..when the bell tolls for the ratification of the election….then the gloves will come off and a real brouhaha will be acted out.

Maliki’s Bloc: Maliki is not Saddam

Some Kurdish activists are stating that Maliki is worse than Saddam…..members of the State of Law bloc are seeking apologies from these individuals…..if the Kurd activists remain silent and do not apologize it will be seen as an agreement that the criminal activities that Saddam brought upon the Kurdish people was accepted by them as being right.

Anger: To Amajaov on Iraq’s money abroad and Obama’s decision Agreed

Maliki’s head advisors are explaining that the necessary precautions are in place to assure adequate protection of the DFI money and other Iraqi currency that is deposited in other international banks….no they aren’t going to give specifics of what has been done to make these assurances….but they do admit they have been working on this process for the past three years…..it wasn’t something that just popped up overnight….they knew full well the intentions for 2014 and they have met the challenge to provide the protection necessary.

Elders of the “National Alliance” owners the final say in the selection of the candidate for prime minister

An interesting but very complicated article….if the Committee of Wise Men is comprised of representative of various blocs I’m not so sure they will ever be in agreement on anything….but they are to be held to the Charter of the electoral competition and also must respect the rules governing the election race…..is this a sneaky way of saying that with Maliki’s landslide victory over the next closest bloc….he is the winner apparent….no I don’t think that is the case….but I do think there will be a protracted process that will take some time to declare a winner….looking at the “Voting Mechanism” I think they are saying that if a candidate and their bloc do not secure a consensus of the Parliament seats then things would be given over to the Committee….but I’m thinking that we will have a consensus winner….it just may take some jostling to get to that winner.

Face to Face: What Maliki said the wise in their own house the Supreme Islamic Council?

There has been a recent meeting between Maliki and Hakim it seems….details are sketchy at best and mostly derived from rumors it seems at this point…..whether there was talk of alliances is uncertain….talk of Maliki keeping the PM position…uncertain….of one thing there is no doubt……Maliki is more than willing to talk to anyone of power to find alliances that will ensure the third term for him….his major issue though is there just aren’t many who like him…much less believe his promises.

Dubai promotes Islamic Economics in Kurdistan

Dubai is working to promote banking interests, financial institutions, and the general form of economics of the Kurdistan region to lend support to their efforts toward recovery….this was offered at a conference in Erbil….there seems to be a keen interest from officials from Dubai to lend assistance towards the Kurds in many areas.

Basra, threatening not to deliver oil and gas revenues to Baghdad

Baghdad appears they may be getting hammered from the Kurds and now from Basra as well….seems the Basra government is watching what they Kurds are doing and may attempt to withhold what they perceive as their portion of oil revenues that are sold thru the province…which probably amounts to quite a chunk of change…..I’m sure that Baghdad will not take to kindly to such action.

Economists: manufacturing in Iraq need to be a national initiative

Economists are stating the obvious with regard to manufacturing entities operating in Iraq….it needs to be seen as a national level initiative….much the same as agriculture is seen….but to accomplish this they need to make some changes to current laws…they need to focus attention on the industry sector…..by doing this eventually they will relieve some of the need to import so many products….bottom line….they need to become more self-sufficient.

Maliki’s insistence on staying the Kurds to push the edge of fragmentation

Maliki appears to very obviously courting the Kurds in an attempt to find an alliance somewhere….but in doing this he may split the Kurds because there are a number that keenly remember the last four years of broken promises and they may not be swift to get buddy buddy with him again….together they can bring Maliki 62 additional Parliament seats….but is that enough to assure Maliki a win….probably not, but his bloc feels they can also grab a number of smaller groups along the way to put them over the hump of 165 necessary seats to capture the government….Maliki’s work is cut out for him, he has made many enemies and has managed to reduce his circle of allies in the past four years….there is even some doubt as to outside support for him at this stage.

Council calls for Baghdad to Basra to respect the Constitution and threaten the export of oil, “individually

It would appear that Basra’s discussions of how to effectively withdraw their portion of oil revenues from oil sales has caught the attention of Baghdad and they are being asked to not breach standards and balances as they pertain to oil wealth….

.

in other words don’t touch the money…..

Basra claims they are only looking out for their citizens.

Breaking for a bit….the Morning News Summaries  

Randy

Millionday Wednesday Night News 

Welcome to Millionday News Time Wed 5/28/14

    Welcome To Wednesday Night News Time With Millionday

    [millionday] there is alot for us to understand so lets take some serious time and concentrate on what we are doing here

    [millionday] ok here we go

    [millionday] the United States, Wednesday, lifting the immunity granted to the Development Fund for Iraq and the private property belonging to the Iraqi government abroad. said U.S. President Barack Obama, in a statement posted on the White House Web site, and seen by “Alsumaria News”, that “under the the authority vested in me as President by the Constitution and laws of the United States, including the legal authorities of the international economic emergency, as amended, and national emergency,
~~~

     [millionday] we have decided to lift the immunity granted to the Development Fund for Iraq and the private property belonging to the Iraqi government abroad, “attributing the decision to” the evolution in the capacity of government Iraq, on the management of the consequences associated with the debt arising from the former regime

    [millionday] note — the change in the 13303 other than it being not extended it has also lifted all of Iraq`s consequesnces and moved them forward so that all and i mean all of their money is under their own control and also the bebts are as well as with all other countries

    [millionday] Obama said that “the action will not affect the state of national emergency or immunity of the Iraqi government and its property,” adding that “all agencies of the U.S. government and directed under this resolution to take all appropriate measures within their legal authority to implement the provisions of this order.

    [millionday] note — this is a new executive order to give iraq all control and the past to be just that — the past as we will se in the much more news we have to see tonight

    [millionday] smile

    [millionday] and filed in the “Development Fund for Iraq” all Iraq’s revenues from oil exports and withdraw the United Nations this revenue ratio of 5%, the compensation awarded to Kuwait for the 1991 war with pay The Ministry of Finance, all of Iraq’s debt before the receipt of government supervision of the “Development Fund for Iraq.

    [millionday] note — so all monies will be given as agreed on before the tranfer as iraq has agreed — wonderful

    [millionday] was the UN Security Council had committed the Iraqi government at the end of 2009 to develop a plan to pick them up oversight functions to the Development Fund for Iraq from the United Nations the end of 2010, for the Iraq after cum Treasury Federal U.S. to ensure immunity by law the U.S. presidential him and that will protect Iraq’s imports of oil from custody by a lot of creditors, which will end this protection during the month of May of this year.

    [millionday] note — this means with the debts paid in this fashion will stop the risk of some of the debt taken — so this is the plan and is accepted as well

    [millionday] noteworthy that Iraq seeks to cancel the debts arising during the reign of the former regime of Saddam Hussein and the amount of more than 120 billion dollars, which date back to some compensation because of wars with its neighbors and others to countries and traders, with some countries demanding the Iraqi government and the merchants need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.

    [millionday] so the threat of being sued has of course affected the way this transfer is done and also they have agreed that they want all of thier promises etc met and are showing thier word is good and the agreements are being handled as it should — with pride and with added confidence for the country

    [millionday] excellent to say the least

    [millionday] end of report

    [lstar877] Wow!!

    [carpet] thank you Millionday

    [millionday] I agree – wow

    [millionday] huge news and of course this lets us know why the confusion that came with the end of the 13303 — it was for ammendments and for the movement forward for Iraq to the global market obviously

    [radronin] I saw that OFAC also listed this document, thoughts on how that affects the Iraqi banking sector? TY MD!!!

    [millionday] radronin this is huge for the iraqi banking — economic and monetary reforms — it is all the movement for iraq to get themselves into the globe and its marketing and trade agreements needed to get Iraq in the right position

    [millionday] as in —- WHOOOOPOW

    [millionday] SMILE

    [millionday] here we go

    [millionday] Hashemi held the Ministry of Finance a live auction, organized by the Central Bank to sell money orders Treasury to for 182 days at $ emissivity 500 billion dinars. source (morning) that the auction half yearly remittances sale full Asaddarath and the highest price Items for Auctions competitive where it reached 6.50 percent with an average yield of 5.73 percent, indicating that the number of participants in the auction amounted to 8 beneficiaries.

    [millionday] Added won tenders 3 banks in addition to the national pension and welfare service minors, noting that the maturity date will be the 25th of November next. noted that the Ministry of Finance earlier announced its plan to issue treasury transfers for the year 2014 through their holding annual auctions 5 and 5 Other semi-annual value of each and every one of them 500 billion dinars.

    [jtank] WOW 8

    [puttright] Got in here a little late and get to read this…WOW…Awesome is an understatement!!! Thanks MD

    [millionday] so as we see — the benefits are as well on the way — if the maturity date is in novemeber — oh honey we are in a great place fo sho’ smile

    [millionday] puttright i agree my friend — wow —- ZER

    [millionday] smile brb with more

    [millionday] here we go

    [millionday] this is very very important

    [millionday] The morning will conclude today in Algeria businessman Ministerial Conference of the Seventeenth non-aligned countries, which kicked off yesterday with the participation of 120 countries, including Iraq. According to the Ministry of Foreign Affairs during a press statement received “morning,” a copy of it, “the arrival of the minister, Hoshyar Zebari, to the Algerian capital to participate in the work Ministerial Conference of the Seventeenth non-aligned countries, which kicked off yesterday and runs until this Thursday ».

    [millionday] statement said that Zebari «will be a number of meetings with officials of the Algerian side to discuss the prospects of bilateral relations between the two countries». continued, on the first Tuesday, business meeting at the level of experts and ambassadors in preparation for the ministerial conference of the 17 which in turn pave the way for the summit meeting of the movement established his residence in 2015 in Caracas, Venezuela.

    [millionday] it is hoped to discuss the foreign ministers and representatives of 120 countries during the conference theme of «Solidarity Compatible for peace and prosperity» with an open agenda ».

    [millionday] this meeting having an open agenda with 120 countires at this time is huge — this meeting is also one that we would love to have a trained fly for the wall of course but should get some news of the trade agreements that of course come from it

    [millionday] the leaders of all countries can see without a doubt the opportunity that is very obvious with the entry of Iraq to the global market — huge to say the least

    [millionday] end of report

    [mimi3] hi, so what does the Novemeber maturity mean?

    [millionday] it means that is when the date is in financial tools to gain as much as possible as in bonds or annuties that we know about — the maturity date of any agreement is with out loss if you wait until that date –

    [millionday] these are treasury tranfers hun — – the united states banks are all bring informed that iraqi finds are respected and accepted –

    [millionday] this goes along with international acceptance —

    [radronin] On the previous article posted about Hashemi, can you expound on it? Some of us were confused on the significance of this good article? TY!

    [millionday] thank you — let me go back and look – brb

    [millionday] radronin the significance is that the US banks are formally aware that the dinar and Iraqi assets are accepted and formally acknowledged

    [radronin] TY- wonderful news oat tailing the DFI news i assume?

    [millionday] radronin yes exactly

    [millionday] ok here we go

    [millionday] so this report is huge but will help us to understand what is going on more

    [millionday] thank you to our great member for bring it to us

    [millionday] smile

    [millionday] Demonstrated financial expert known, on Wednesday, he feared the possibility of a foreign private sector to provide new complaints for more than Altaubiat after not renewing the protection of Iraqi funds by the U.S. administration, calling for the opening up to the world to address the legacy of the previous regime, while reduced and the Ministry of Finance of the possibility of “piracy” of Iraqi funds abroad, promised that Iraq’s parliament will ensure the protection of his money on legal action in accordance with the sound.

    [millionday] note — the opening of the country of Iraq is by far the most important thing we can read – see– hear — or experience

    [millionday] smile

    [millionday] note — the fear of taking moving products are what they are talking about when they refer to “piracy” as in some countries coming as we have discussed and taking what they are moving because of debt they owe — with the agreements and the resolve in many of the debts owed — it has minimized without a doubt — or this would not happen

    [millionday] meaning the release of the 13303

    [millionday] smile

    [millionday] huge

    [millionday] i want us to see all of this even though its long — it is very informative

    [millionday] A financial expert and former official at the Iraqi Central Bank, the appearance of Mohammed Saleh, said in an interview to the newspaper (range), “The Development Fund for Iraq includes accounts receivable of oil, which opened in May 2003, and works for the protection of Iraq’s money and wealth,” noting that ” U.S. President, Barack Obama has the authority to renew the protection of those funds with the approval of Congress, as was done in May of each year. ” Saleh added that “the United States believes the lack of justification for maintaining the protection of Iraqi funds it has not been renewed protection this year.”

    [millionday] note — the lack of need of the protection is very very telling – WHOOOPOW

    [lstar877] Wow iraq is finally ready

    [millionday] wow wow wow smile

    [millionday] But financial expert and former official at the central bank, expressed his fear of “the possibility of a foreign private sector to submit complaints to the funds of the Republic of Iraq,” noting the presence of “an unknown number of parties sue or get court orders, for reasons that may be false or forged, or sued again after that win those filed by the former, which is open.

“And saw the benefit, that “Iraq to face the world and has the strength and courage to face things and give rights to their owners and resorting to the Paris Convention,” pointing out that “more than 21 percent of commercial debt before the year 1990, had been settled by the terms of the Paris Agreement, and should They do not conflict with the new financial settlements that agreement. “

    [millionday] note — Iraq to face the world — loving it

    [millionday] that means us too — we are the world as the song goes – smile

    [millionday] Despite fears of a former official at the central bank on the Iraqi funds, but stressed that “Iraq has a defensive force for his money in the Ministry of Justice is composed of experts, money and the law are working in collaboration with international lawyers to defend the financial interests of Iraq,”

returned to “the threat to Iraqi funds remains exists because the world is not guaranteed and we must defend our interests, financial and give the right to his companions, and to be open to the world to address the legacy of the previous regime.

” For his part, saw the financial expert Hilal Taan, in an interview to the newspaper (range), “The Iraqi government fulfilled all its financial obligations towards the creditor countries, and given the debt owed by the former regime,”

returned that “there is no seriousness of creditors or piracy funds Iraq after turning off his debts through the Paris Convention, as well as the Gulf War reparations through the deduction of part of the general budget for repayment. “

    [millionday] note — so the Iraqi funds have been agreed upon and also as part of the general budget ? hmmm now that we love and sure shows that the busget for the year of 2014 is going to address the debts they have made a part of the agreements made so muct be on the way according to this — whooopow

    [millionday] check this out — smile

    [millionday] The Director of Administration and Planning in the Ministry of Finance, that “Iraq has to pay a large part of its foreign debt is not the risk of the emergence of creditors potential to demand their money nor fears their backs when the restoration of Iraqi funds,”

pointing out that “Iraq is a sovereign country and has an independent government and it is natural that raise money for protection. ” It said a member of the Parliamentary Finance Committee, Najiba Najib, in an interview to the newspaper (range),

 “The Iraqi funds were under the protection of the United States since the year 2003 until the present day,” indicating that “Iraq after it emerged from Chapter VII of the Charter of the United Nations he was able to manage his money, so it did not renew the U.S. decision to protect his money this year. “

    [millionday] note — restoration of Iraqi funds — oh sorry i mean — RESTORATION OF IRAQI FUNDS !!!! WHOOOPOW

    [millionday] WHOOOOHOOOO – BRB WITH THE REST

    [dkwsly] The Director of Administration and Planning in the Ministry of Finance, that “Iraq has to pay a large part of its foreign debt is not the risk of the emergence of creditors potential to demand their money nor fears their backs when the restoration of Iraqi funds

    [dkwsly] Sorry

    [millionday] no sorry hun — oh that is music to our ears — oh boy are we having a great time or what? whooohooo

    [millionday] She a member of the Kurdistan Alliance, that “the DFI fund was able to protect Iraqi funds from claimants Bdjunhm of people, companies and countries,” adding that “Iraq will ensure the protection of its funds according to proper legal procedures.’

” It is noteworthy that the Ministry of Finance, confirmed in (the 14th of May 2014 now), they will not ask to renew American protection to Iraqi funds deposited in their banks, to assume the CBI responsible for management after coming out of Chapter VII of the Charter of the United Nations, ‘

while the central bank that fulfilled its obligations to the vast majority of the creditors, and the rest of them “do not constitute a source of concern,” objected to the parliamentary finance committee, and carried it to the government and the central bank responsible for “any loss of those funds.”

    [millionday] note — they are responsible and are completely confident — love it love it

    [millionday] Deposited in (the Development Fund for Iraq) Iraq’s revenues from oil exports, and the United Nations withdraw from such proceeds five percent compensation to Kuwait for the invasion,

while the Ministry of Finance to pay the debt of Iraq by the Government recognizes the responsibility of overseeing the fund. And the Development Fund for Iraq, DFI form under UN Security Council Resolution 1483 to protect Iraqi funds from international claims and pirated after the events of the year 2003,

while among experts that Iraq has lost part of its expenses, and that any obstruction in the rates of export of oil or the fluctuation in prices, will affect the ability of government spending, amid a political crisis that is unprecedented in the country.

    [millionday] note — the United Nations have withdrawn from such proceeds and Iraq is taking over as what they have agreed — oh honey

    [millionday] we are almost done with this report and oh honey

    [millionday] it says Iraq is ready for its own control of its onw monies — very nice

    millionday] here is the last part

    [millionday] The UN Security Council has committed the Iraqi government at the end of 2010 to develop a plan for the receipt of the oversight functions on the “Development Fund for Iraq,” the United Nations the end of 2010, for the Iraq after cum-Treasury U.S. federal to ensure immunity by law, the U.S. presidential him and that would the protection of Iraq’s oil imports from custody by a lot of creditors.

The UN Security Council voted in (the 27 of June 2013), unanimously approved the decision to remove Iraq from Chapter VII, in the presence of Iraqi Foreign Minister Hoshyar Zebari, and before that Iraq sought to cancel the debts arising during the reign of the former regime,

amounting to more than 120 billion dollars, which date back to some compensation because of wars waged by his neighbors and others countries and traders, with some states requiring the government and Iraqi traders need to pay their dues and are threatening to sue in international courts to fund Iraqi imports.

    [millionday] so as we see — if Iraq does not go by what they have agreed — they have the threat of being sued in international courts — of course all countries shall face such meeting with the international countrs if they go back on any agreement etc — but what this means is

    [millionday] Iraq is to the point that they are being addressed and given control of their own funds and thier own assets — Iraq has been after all this time — all control of all of their assets and thier country —

    [millionday] oh and

    [millionday] WHOOOOPOW

    [millionday] end of report  

[jimplants] what about moving to article 6 or is that a forgone statement

    [millionday] Iraq is in article 6 now

    [millionday] radronin this opens the door to make it a poossible event to get the largest impact from its reform

http://www.dinarupdates.com/showthread.php?13820-Welcome-to-Millionday-News-Time-Wed-5-28-14

Two Convicted in Dinar Scheme

By John Lee.

Two of the three men charged in a scheme to defraud investors in Iraqi currency were found guilty by a jury in U.S. District Court last week, while the third defendant was convicted only of an unrelated mail fraud charge.

According to a report from the Toledo Blade, Bradford Huebner (66) and Charles Emmenecker (67)  were convicted of conspiracy to commit wire fraud and wire fraud, while Michael Teadt (67) was acquitted on those counts and on three counts of structuring transactions to evade reporting requirements and one count of making a false statement to an Internal Revenue Service agent.

Huebner, the founder of BH Group, also was convicted on 30 counts of structuring, nine counts of money laundering, and one count of mail fraud.

Federal prosecutors said the men had collected millions of dollars from investors by feeding them lies and half-truths about the get-rich-quick scheme that never materialized. In he witness stand the three testified that they purchased dinars for themselves with the full belief that one day the Iraqi government would revalue its currency, making them quite wealthy.

Huebner argued that he was engaged in a legal business, while Emmenecker and Teadt claimed they had no direct connection to the BH Group and never profited from the sale of dinar.

Sentencing is expected in the fall.

(Source: Toledo Blade)

(Dinar image via Shutterstock)