FrostyTheSnowman » October 4th, 2016
KTFA Monday Conference Call Highlights 10-3-16
REMINDER … these are “HIGHLIGHTS” of tonight’s CC.
Please refer to AggieDad’s full transcript (which will be available later) for complete details.
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
PLAYBACK LINK: https://www.freeconferencecallhd.com/playback_rudd/?n=OTQCw/uwAaI
Frank26: Welcome to your conference call!
Let’s start with the Three Presidents …
All Providences are preparing themselves to deal with the INTERNATIONAL world.
I told you it’s no longer about terrorism.
They are going to talk about the Election law because the IMF has their nose in it.
No more nonsense!
Who’s behind the corruption?
The ministers who have been stealing from parliament or the CBI through the auctions.
Remember, the auctions used to be between 3 to 4 Million a day?
Now these auctions are much, much lower.
The UN is looking at everything to help Iraq move into an International market place.
The international world is looking inside of Iraq (who is not international) to help them become international.
Iraq desperately wants to join the international world – but corruption is everywhere.
The UN is there to provide discipline and stop the corruption.
Family members of the GOI and banks in other countries have been involved in stealing money.
Don961 Article … Mobile Telcom even got caught stealing money
“ … this mobile phone … bribes … kick-backs … Maliki”
This is why the security teams with the UN are there.
Even al Baghdadi was invested in companies in Iraq.
FATF – Financial Action Task Force – moved Iraq off of the GRAY LIST to the WHITE LIST.
Do you understand the magnitude of that?
The Black List of currencies are counties that are under sanctions and not working with the IMF.
Abadi … “ … we have completed all that the IMF asked us to do.”
ARTICLE: There has been a coordination (LINKING) between the CBI and the US Treasury and the Federal Bank of the America’s (BOA) … a coordination that is happening for the very first time as well as the exchange of information.
layer of US Banks … LINKING it with the US Federal. These are the days of our lives … these are the steps of the reforms of the IQD!!!
There are nearly 300 companies have been put on the BLACK LIST because of this type of information.
The police action that has gone into Iraq from the UN has discovered that over 300 companies are involved in stealing out of Iraq’s Central Bank. The US and the Fed has found how to stop this nonsense.
Isn’t the IMF going ballistic because of this information? Oh yes!
We are cleaning it all out – like a root canal.
Iraq’s loans do not fit at all with what Iraq needs. The amount of hard currency amounts to over 13 Trillion. How many dinars did they print in 2003? None of your business. Trillions have been traced/stolen.
I don’t know where else to jump up and down and be excited about this! jump-for-joy_gif
For the love of dinars … if they bring those dinars back … wow!
While they are doing all of this cleaning-up … Iraq wants to sell bonds
A lot of you saw this article and panicked because you thought they weren’t going to do the bonds.
Before I define the BONDS to you … I want you to know that Barzani has been traveling a lot lately – (and he hardly ever goes to Baghdad) – but he was there.
Barzani delegation visited to protect the plans of Mosul for the Kurds (IMO).
Like we’ve been telling you … Mosul is not that important … and will be given to the Kurds … as soon as they feel that ISIS has been dealt with.
Forum member named “Michael” – he asked if the country Turkey was going to be a problem. Why would Turkey just come on board at the end, just to flip the switch to turn out the lights? Because that’s Turkey’s style.
According to recent articles – the citizens are now trusting the banks in Iraq. That is important part of the monetary reform!
So they’ve taken them from a Black to a Gray to a White List.
you know what a white list means?
It means that their banking structure has no restrictions on them.
Excuse me Mr. Financial Advisor … Mr. Zebari … once again, could you repeat yourself?
“I told the IMF we’ve implemented everything the IMF wanted us to do.”
So, is that why they moved you to white? (No comment).
that why your white condition with your currency is not unrestricted and ready for the international world? (No comment).
Is that why you guys are not even on the FATF list? (No comment).
Is that why your credit rating has improved? (No comment).
Is that why the security and corruption of your banks has also improved? (No comment).
Is that why the money laundering is not even an issue anymore? (No comment).
Is that why the financial money that was being stolen and going to the terrorists of ISIS, isn’t anymore? (No comment).
Is that why legislation passed by the GOI helped you to go from Black, Gray to White? (No comment).
Is that why the banking structure was restructured again to remove the threats of the banking system? (No comment).
LOL LOL LOL … alright fine … then don’t talk to me.
Do you remember last Monday I told you that Wells Fargo (who in my opinion is one of the 4 involved in the monetary reform process) … you know BOA was the wholesaler … JP Morgan was the retailer (up until that month that I started to guide you Dec. 2008). I told you that on the 21st of December that JP Morgan was going to stop selling dinars and they did. Didn’t they. It was rather dramatic.
It shocked everybody. IMO, the 3rd bank was Wells Fargo. IMO … they will be the ones who get involved with the exchanging this currency that we have. Is that why they constantly told us it was a scam?
Yeah, because they don’t want to talk about it. You don’t talk about a speculative investment. You don’t come up with a date (say October 3rd) that that is going to be the date everyone will exchange. You don’t talk like that. That is beyond stupidity.
Last Monday we told you that WF has spent millions of dollars this year to put up some screens in their front lobby … and when you walk into WF, do you know what you see? These big TV screens … and do you know what is on them? Foreign Currency Rates.
Why would WF even bother to spend millions of dollars to let you know what the rate is of foreign currencies? What, are they preparing for something? Is it their turn for something? Is the monetary reform coming to an end?
What I’d like to do (over the phone) is introduce you to a gentleman that we’ll refer to as “Mr. Investor.”
Hello Mr. Investor … good to hear your voice. I’m proud of you coming on. You called me today and gave me some information … I have my notes in front of me … and I’d like for you to tell me about your experience in a WF branch in Cape Coral, FL.
MR INVESTOR – Will do. I’ve been invested about four years, and I heard that WF will be the lead bank. I went to WF, opened up an account … and I understand that “relationships” are very important.
So I met with a gentleman who was a Personal Banker, and we hit it off very well. This was about 2 months ago. I mentioned to him that I held two foreign currencies, the IQD and VND. I asked him if any of those were being exchanged at that time. He said “no, they’re not.”
I went back about 2 weeks ago, and still nothing. I went back on September 28th, and he had mentioned to me that he has been on vacation for about a week, and arrived back on that Monday, I think the 26th, and read an email on the 27th saying that WF is now exchanging dinars. We sat down and I said, did I hear that you said that you were exchanging dinars? He said, “yes, absolutely.”
Right about now, I’m sitting in my chair and my heart is just about pounding and I said, do you mind if we take a look at your screen so we can see what some of the rates are? And he said, “absolutely.” By then, I’m just about ready to jump, and he calls out 5 different currencies that they are currently exchanging as of September 27th at the WF in Cape Coral.
And those dinars that they are exchanging right now, as of today, as of the 27th of September is the JORDANIAN DINAR at $1.51 … the BAHRAIN DINAR at $2.91 … and the KUWAIT DINAR at $3.06 … and he went on to add the MOROCCAN DURHAM at 11 cents … and the PHILIPPINE PESO, but he didn’t mention what the rate was. So I said, so there is nothing on the IQD or the VND … and he said … “No, not right now.”
To clarify, I said, if I had these other 3 dinars, right now I could exchange here with you at your bank at this very moment … and he said, “absolutely yes, at this very moment!” And that was September 28th, last Wednesday .
the reason why I wanted to make this particular call was to attempt to assure people and perhaps alleviate some of their anxiety that this event IS HAPPENING, it is moving along and it is going to happen … of course we don’t know a date exactly, there’s no rate exactly. But I wanted to mention it for 2 reasons.
#1 – that it is coming/happening … and #2 – to maybe help other people, who had the insight that I did not have, that may have invested in the Jordanian Dinar, the Bahrain Dinar, and the Kuwait Dinar … because I certainly didn’t.
FRANK: this is an indicator, as well as the screens … and now with this information, these are indicators in how fast and how far things are going along. I’m shocked, because this is WF who said that we don’t deal
with any foreign currency – only the American Dollar – we don’t deal with any foreign currency. And when you ask them about the VND, they said they don’t deal with any foreign currencies. Ask them about the Iraqi Dinar and they say that’s a scam!
Now, isn’t that interesting? It is the only sore pimple on their face that when you touch, they scream and say it’s a scam. Mention any other currency … ok … but mention the IQD, and they say it’s a scam! And they’ve been very vicious about it too. All of a sudden, that’s a complete 180 degree turn.
Two indicators … the screens (in the lobbies) and now their screens with data. Well if you can exchange these 3 middle eastern currencies … would they be willing to exchange the IQD if it went up in value? I’d like to ask them that question. LOL
MR. INVESTOR – I think that from what we know, for some unknown reason, the IQD being the catalyst for all of them from what I understand, and I think pretty soon, it’s going to have its day and the IQD and VND will be in the first basket.
FRANK – Ah, you beat me to it. I was going to ask you if you read the Chinese newspapers?
MR. INVESTOR – no, I don’t.
FRANK – the Chinese Yuan has been put in the SDR basket. Do you think the Yuan is supporting the other currencies that are in that basket … or do you think that the currencies in this basket are waiting for someone to “support” them?
MR. INVESTOR – I don’t know if these currencies will stand alone or if they are relying on China and apparently the Elders and the Dragon Family to be the catalyst to make this happen. I don’t have the answer to that.
FRANK: I’d like to share my opinion on that. So, Mr. Investor, did you get a chance to ask them the 2nd question that we talked about earlier today?
MR. INVESTOR – no I did not.
FRANK – if you could ask them that question, that would be great. Do you think that this bank manager has dinars?
MR. INVESTOR – during our conversation, I politely asked him if he would be willing to take a look at this as a personal investment. I showed him some things … and his eyes looked like a deer caught in the headlights, as the lights went on as he realized that perhaps he could get involved in something like this. It was actually comical. I don’t know if he does, and I didn’t ask him … but made the suggestion to get some.
FRANK – Thank you sir.
Family, that was rather enlightening.
Now, about the BONDS … in my opinion, it does appear that the USA will not back up the BONDS that the GOI wants to sell. Why? Do we blame Obama? I don’t know if we point fingers at any particular person.
Remember, back in December, the IMF told the GOI that they were going to help them – if they raised the value of their currency. Well, here we are … upon the prepuces of the monetary reform … and Abadi saying they have done everything … well … IF … you have done everything … they get LOANS don’t they?
I have not seen the CBI website show me a new rate for the IQD. They have not changed it officially. They can talk, and make all types of claims … police their country … deal with corruption … but DO THEY WANT THE LOANS … the 640 Million Dollar Loan. They will get that WHEN they raise the value of their currency … and if they don’t … they won’t get the BONDS.
The US Congress will not back the bonds because they don’t have a handle on the corruption. They just have ONE THING left to do … and they haven’t done that.
We are sticking to our guns. No loans, no bond support until they raise the value of their currency.
This is not bad news. This is fantastic news! This is mom and dad putting their foot down!
The economic reforms and the monetary reforms … BOTH OF THEM … are of EQUAL VALUE.
When you see in the articles and they refer to “REFORM” … that means “REFORMS.”
Another important thing happened over the weekend – that many people missed.
Iraq went through a National Reconciliation Day … THAT WAS HUGE!!! Do you know what that is?
That’s like our 4th of July – on that day, they told the citizens that they have plans … Mosul … surprise and peek. Abadi received the full plan for the liberation of Mosul. Mosul will soon be given to them. National Reconciliation Day stands for unity, and on that day there was a lot of agreement within the GOI and what they said to the citizens. That they put up a front that IRAQ IS UNIFIED.
Yes, Mosul is eminent, and the Kurds were cut into Mosul – but I don’t know the parameters of it yet.
So … 300 countries have been Black Listed because they helped steal money out of the auctions. That’s great!
What I’m about to tell you, I don’t believe you know.
This is of course in my opinion … the US Treasury just put their hands into the CBI … and it goes hand-in-hand as to why Congress will not back the Iraqi bonds (due to corruption still going on) … but the US Treasury has reached into the auctions to do a CHOKE-HOLD on them!
You saw 2 auctions … but what you didn’t see that was Sunday’s auction … extremely low … we got a hold of it … the numbers are decreasing aren’t they. Do you understand that the MCP must stop?
Tomorrow, sometime in the afternoon in Iraq … Abadi is going to talk to the citizens about Mosul on Iraqi TV. What do you think he’s going to say to them?
The accountability and justice law is secondary to the amnesty laws. You are about to see them, and they are important because it brings Iraq together. Maliki never used this law – because he never wanted to be accountable.
I believe that tomorrow, Abadi’s speech will talk about that.
They are not being very transparent with the media anymore – that’s why you’re not getting this information.
Are you ready for this? The ACCOUNTABILITY & JUSTICE LAW, and the NATIONAL RECONCILATION DAY … has EVERYTHING to do with the monetary reform of the IQD!
The IMF gave them BEFORE NOVEMBER … if they wanted the LOANS … and now the BONDS. We are NOT deviating from that!
US Congress will NOT back them up until they raise the value of their currency – (of course they won’t say it like that) --- but that is it.
This is why DELTA wanted to come on our forum last week to post … “CODE RED!”
Auctions are dropping significantly … getting lower and lower … because the dinars in the country are becoming less and less.
The auctions are being policed – causing less dinars.
Iraq is following the IMF – regardless of how long it takes.
In my opinion, the GOI has less than 18 things they must accomplish.
The CBI only has one thing to do … raise the value of their currency.
I told Delta “no” – because I wasn’t ready for him to post that just yet.
We’ve had emergency conference calls … but we’ve never used the color RED in the manner that I promised you that I would.
When they do raise the value, IN COUNTRY … they will qualify for ARTICLE VIII through the IMF. OUTSIDE of the COUNTRY … it will come to you. Wait for it.
Or … if they accept ARTICLE VIII at the very same time, then they may raise the value and release it at the same time … but we don’t know. It may take up to 3 days … it may take up to a month. That’s why I tell you … TAKE YOUR TIME!!!
It depends on what the IMF does with the laws, rules and regulations of business. Inside … YES … in my opinion … it will be 1 to 1 with the USD … but that is a neutral event INSIDE OF IRAQ because they are still using the USD’s right now, and in Iraq there is a shortage of physical cash.
Inside Iraq, they have no choice but to use the USD – until they raise the value. And yes, in my opinion, the lower denoms are in position, waiting for the value to give them life.
If the rate is in the budget … like we feel that it is … then the rate will be released before the budget is released. It is a 90 Billion Dinar Budget, and I’ve told you, they are only expressing the figures in dinars and not USD’s. THIS IS HUGE!!!!!!!!!!!!!!!!!
Is China bringing the strength that the IQD needs … or is the IQD bringing the strength to a basket that is filled with other currencies that the Chinese Yuan has just joined?
IMO – I believe that the IQD will not be put into the basket, it will be used to support the basket. That is how powerful the IQD is.
The Chinese Yuan is not even ready to be among the BIG BOYS … yet.
Yes … it is a big currency BUT it is too brand-new.
The currency has only been used for 10 years – globally.
There is no other powerful currency on this planet like the American Dollar.
The increase in oil is for their credit rating.
Oil is going up … from 37 to 43 to launch the budget … and now within the next 3 months you’ll see it hit $60 … then to $120 … and then back to $60. They’ve agreed to control ISIS.
Now that ISIS is under control, profits must go up. This is a plan.
Back in May … we told you that around September that gas prices were going to go up.
This Wednesday … it is possible that I may need to talk to you about Mosul depending on what Abadi says tomorrow or Wednesday.
There are 4 central banks … one in Baghdad … one is in Ebrow (sp?) … one in Basra … and one is in Mosul. 10 banks were blown up by ISIS in Mosul. This money. Where is it?
I hope you liked your conference call tonight.
I believe that Basra will be the next financial center of Iraq – just like Dubai.
Call ended in prayer.
** After the prayer ... it was mentioned that it appears that Julian Assange of WikiLeaks will release information regarding the fact that Hillary sold arms to ISIS