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Tuesday, August 1, 2017

KTFA CC Highlights by FrostyTheSnowman 7-31-17

KTFA

FrostyTheSnowman » July 31, 2017


Here’s tonight’s HIGHLIGHTS …

*** 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!!! ***

Frank26: Greetings family … welcome to another one of your conference calls here at KTFAlways.com!

Today is Monday, July 31, 2017

Today we will NOT be retracing our steps to review what we talked about last time.

I asked the family today what questions they would like to ask, and we’re going to cover those questions tonight.

In TeamChat, I drop in often and also answer questions – and a lot of times I do not allow those items to be posted on our normal forum.

Tonight … sit back, relax and enjoy some popcorn.

I’d like for you to listen to a conversation that I had with Delta.

DELTA: I believe that the meeting with the IMF, they are ready to go.

FRANK: Please define what you meant by your post.

DELTA: More confirmation that the LD’s are printed. About a month ago … financial situation of the CBI … they are updating month by month what is going on.

May & June documents … looks like they have profit/loss … and in the expenses … a “new currency.”

FRANK: Ohhhh!

DELTA: In May I believe they issued those notes. About 4 Million + 5 Million dollars was spent on printing … then in June, more printing. Whatever they printed wasn’t that much – so could the rate be higher than what we expected … or are they planning on more eDinars?

Up until now, we haven’t had any proof – but now it looks like we have confirmation that they have been printed. This information is NOT on the English site … I took a picture of the Arabic site.

I believe that we are really, really close based on this information. They might really pull the trigger after they return from the IMF meeting.

FRANK: Yes indeed. Every time our friend connects with us (Walkingstick) – there is more closure to everything. The articles yesterday … “going to eDinars and remove paper” – where they are hiding the 1 to 1 (which is on paper) – that is an easy conversion -- from the program rate, to the 1-to-1 rate. God willing, they will lift it.

DELTA: It’s possible that we may see the rate higher than 1-to-1.

FRANK: I can’t thank you enough! You have verified what info we got from our friend – over the last 90 days of lifting the 3 zeros. Now you have found that the CBI has printed the LD’s.

As you’ll remember, they already had LD’s about 3 years ago – those were seeded in certain banks.

DELTA: Remember, the banks didn’t buy one of those big De La Rue machines. We will have 1 and 2 dinar coins. I found this to be very, very exciting. They are about to do it.

FRANK: IMO … about 3 years ago, we turned the currency printing plates.

Yesterday, a mountain of information came in, and in the rush of it all I made a mistake in releasing some information. My APOLOGIES … please accept my apologies. The new ATM machines WILL dispense the new LD’s and USD (later) … BUT it will NOT dispense coins/fils. The machines next to these ATM’s will dispense GOLD.

The coins will NOT be dispensed by the ATM. The coins will be distributed in strictly ONLY the banks.

DELTA: We are really very close. We all know the coins (whatever the rate will be) … there might be a big demand for them. As soon as they come back from the IMF meeting … I believe we will see a completely different story.

FRANK: I think they are meeting behind closed doors .

DELTA: How many meetings with the IMF. This will be a very important meeting … possibly dealing with Article VIII.

With the CBI … EVERY PENNY COUNTS!!!!!!!!!!!!!!!

*** Now I’d like to share another tape with you of what we will discuss tonight. ***

FRANK: The last thing we talked about was … “what was on the table”

Did you see the article about the banks? The article does mention coins … perhaps what was on the table was the LD’s and the coins. (Article posted in full in part 2 of CC notes)

DELTA: Yes, I saw it. This law was very, very important. That article was interesting because it was basically talking about the exchange.

FRANK: In the body of this CBI article (which was NOT given by an economist) – it’s spelling out what they are going to do. This article was basically a confession.



DELTA: Iraq wants to attract investors. As you know … words like “in the coming days” and “soon” don’t mean much. LOL.

FRANK: LOL

DELTA: They said that in order to attract investors, they must change the exchange rate.
They told them … the board of directors … they will consider … basically Iraq is all ready to go. As soon as they go to the IMF and come back – we are expecting to see great things.

The IMF already told Iraq what they need to do. There is no point in showing up unless they have those things done. Iraq must meet the demands of the IMF. They need to show the TRUE rate.

FRANK: Ever since they last met … I’ve seen so much cocky attitude from the CBI … like they are Article VII qualified. It’s so obvious … they are either VERY DISRESPECTFUL to the IMF or REPECTFUL.

The meeting is tomorrow.

Delta, you also brought us another article (Friday/Saturday night) – this article was delicious. Again this was from the CBI … NOT an economist.

Did you see the article where the Holy Man said that it’s basically time to do the reform? LOL!!!

MasterCard is UNIVERSALLY ACCEPTED and can be used in over 33 Million location.
Delta said … “wow! Third generation MasterCard? There are citizens outside of Iraq that have been waiting for it.

Again … too much ARTICLE VIII talk … (on paper) … and IMO .. they will hand that in to the IMF tomorrow.

DELTA: The state banks … they put out the Qi Card (without a rate) … in 2008 … and like 100,000 citizens had them.

When you go to the official website (and Facebook) there are a lot of customers asking question to their representatives.

Remember, the MasterCard will be a Qi Card (internationally) … and when Iraq had to postpone everything (due to Mosul) … the citizens have still been waiting for their cards.

The CBI gave them the green light … issue cards outside of Iraq!

15 Million people have a Qi Card. This will help them in creating a cashless society.

FRANK: It’s becomes more and more obvious that IMO … the lifting of the 3 zeros happened in those 90 days. The government workers get paid on the last Thursday of every month. On the 21st they got paid … and on paper … IMO .. they got paid 1 to 1. The next time … I believe they will transition from 1 to 1 to finally giving them the new rate.

BTW – we found something else. BlueStar found Iraq’s equivalent of the USA’s eBay. It’s interesting how things match up with a 1 to 1 rate.

Our friend has not called us yet … but the last time we talked to him … he told us that the LD’s and the COINS are on the table.

I believe that they are ready to go.

It’s all great news!

“What have you done for me lately Frank26?” LOL

DELTA: LOL!!!

In conclusion … we all know that without the currency reform they can’t move forward. I do believe the 1-to-1 100%. They have to IMPLEMENT the reforms to the IMF. The IMF should approve it tomorrow. If so … they’re got the GREEN-LIGHT and they are ready to go and pull the trigger.

As soon as the CBI changes the rate … they will have a press conference to help train everyone.

IMO … an Iraqi citizen who is being paid 850 will get 1,000 as they drop the zeros.

FRANK: Article from the CBI … “Adopt new visions” … yes … IMO … this equals the RV. International standards … which is Article VIII … TA-DA!!!

Everything spells INTERNATIONALISM! They just need to announce it!

Delta, we love you.

DELTA: Love you too! In this coming week we will get more information.

FRANK: The moment our friend calls us … Hoover Damn will bust wide open!

*** Ok … that was the end of the tape.

Frank: As you know … we share with you our HARD-EARNED WORK!

Many of you have asked for PROOF of the prices being changed in Iraq. We’ve given you 17 examples so far!

I was impressed with the car prices.

Here’s an EXAMPLE … an equivalent to Iraq’s eBay.

The example is of guitars.

An acoustic guitar showed 100 IQD – which was crazy … BUT if it’s at 1-to-1 … that’s interesting. You can check it out with this link >>>

http://www.opensooq.com

The citizens are adjusting to 1-to-1.

The Arabic website has become the new FAT-LADY (just like Mosul was).

As you know, the meeting with the IMF was scheduled for the end of August … but Allak asked for it to be moved up. The meeting is tomorrow.

Remember, Delta found pictures (illustrations) on the CBI website … which matches the description of the LD’s.

The IMF meeting was moved from August 22nd to August 1st (tomorrow) … IMPRESSIVE!!!
The definition of the FILS and the COINS … we think it’s important for us to define what is “on the table.”

The LD’s and the COINS are ON THE TABLE … IOO.

.25 is the equivalent of their FILS … (like a penny)

.50 is the equivalent of the USA’s NICKEL

The other 4 are COINS.

Some will be bronze and some like gold/bronze

.100 is the equivalent of US DIME

.250 is like US QUARTER

.500 is like US 50 cent piece

1,000 FILS … divide by 1 coin

Guess what? There are 2 more COINS.

1 DINAR COIN and a 2 DINAR COIN … just like a $1.00 USD and $2.00 USD bill.

PAPER NOTES

5 dinar note (like USD $5 bill)

10 dinar note

25 dinar note (because the citizens are used to the 25k notes) – and would be easier for the citizens to understand/accept.

50 dinar note

100 dinar note

200 dinar note

The IMF and the World Bank are DEMANDING Iraq to proceed.

There is NO TALK from anybody about lifting the 3 zeros … because that’s already been done and being turned in tomorrow as homework at the IMF meeting.

Let’s be patient and grateful for the accomplishments of what we will see.

Frank26: Some investors don’t believe the RV will happen this year – (too much of a war-torn country to repair). We disagree! The RV will help Iraq rebuild.

Because the citizens will have more purchasing power (and the HCL $$$) – they can afford to pay more in taxes.

Why is Iraq selling BONDS that are not backed by the USA? This statement is HUGE!

The LD’s and COINS can be loaded into the ATM, and they have 24/7 electricity!

All of these things are traveling at the speed-of-light.

Since the last time that the CBI and the IMF met … so much INTERNATIONAL talk has been going on.

Reference the MasterCard article.

As we end this CC …

There are over 60 companies that are coming into Iraq to help rebuilt.

I told you about the spoils of war – this is much more than oil.

The WORLD is helping to rebuild Iraq.

Why is the WORLD so interested in rebuilding Iraq?

IMO … Iraq is the lynch-pin


As we see Iraq grow … the Middle East also grows … and so will the rest of the world.

All countries (coalition) believe that Iraq will become a big part of the world.

These nations now believe in Abadi and Allak.

I have a word for you in GREEK … KAIROS

We all have used this word in a different way.

It means to “cease the day for such a moment as this.”

The definition of KAIROS is perfectly crafted by time.

Perfectly placed by God … and I believe that a KAIROS moment is coming from God. It belongs to God! It is our responsibility. The stewardship and our attitude is our responsibility.

Pay your taxes and enjoy this blessing from God.

If we think the dinar is the only thing that is flowing out of the four rivers – we would be very mistaken.

Our creator … created this area for more than an RV.

Don’t let the dinar be your only world … but as you study it … be very serious in your study.

Keep God in everything you do family – especially in this study.

Profound that we are looking at LD’s, Coins, and ATM’s.

My friend told me that ATM machines were being put in banks, businesses. Don’t you think someone watched them load them with LD’s.

We pray that our friend can share more as is possible – this helps us understand the monetary reform even more.

I hope you enjoyed your CC.

CC ended in prayer/shofar

PLAYBACK LINK: https://fccdl.in/NJpI3FErU



Article mentioned in Part 1 of CC Notes:

Firefly: Banks welcome amendments to the law «Central» Iraq



Monday, 31 July 2017 (01:00 - GMT)

Last Updated: Monday, 31 July 2017 (01:00 - GMT)Baghdad - Adel Mahdi

The Association of Iraqi Private Banks confirmed the importance of recent amendments to the Central Bank of Iraq Law for the banking sector, which is looking for more opportunities to contribute to the development of the national economy and enhance its role in the Iraqi capital market.

"The increase in the number of members of the Board of Directors of the Central Bank from outside the bank is an important step that will be positively reflected in the level of decisions taken by the Bank," said Wadih Nouri Al-Hanal, Of the 9 members, which means that there is a majority of outside the bank, which will push to benefit more than the support provided by the bank to banks in expanding their contribution to sustainable development and investment ».

He pointed out that «the latest amendments of the Central Bank reflected his desire to develop the sector's work and mechanism of dealing with developments in the world, as well as addressing the problems related to the activity of financing and lending and lead to the simplification of procedures related to it».

He added that «the increase of the capital of the Central to one trillion dinars ($ 850 million) confirms the desire to activate its role on the level of investment of his funds and his intention to find large outlets in the acquisition of new products take into account the needs of investment and development sectors», adding that «the reality of private banks Needs a vision and strategy to help them touch the new reality that the sector aspires to communicate with the important objectives contained in the recent amendments to the Center ».

The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq ».

The Council of Ministers and Representatives is working to introduce amendments to the Central Bank's law aimed at increasing its capital and keeping abreast of the global economic development, granting powers to the bank, increasing the number of members of the Board of Directors from outside the bank and forming a committee to audit the interest on loans granted by the bank to commercial banks. Issued by judicial decisions.

The new law allows the bank to hold transactions on foreign assets and manage the official reserves of the foreign exchange of the country in accordance with international best practices and monetary policy objectives.

The Council may also invest this reserve in gold and foreign currency and coins, which are usually used in performing international accounts held by the Central Bank Or for its account, credit balances payable on demand or short-term foreign exchange repayments, which are normally used to perform international accounts maintained by the Bank in its accounts or those invested through agreements Repurchase, repurchase and fixed-term deposits.

The law also allows for the withdrawal of private funds available to the International Monetary Fund (IMF) account, the reserve position with the IMF, as well as any negotiable or fully trustable securities issued by foreign governments, central banks, international financial institutions, Which are paid in foreign currencies, which are normally used in the performance of international accounts held by the Central Bank of Iraq or for its own account.

The draft law allows the bank to "use derivatives in investment portfolios as a hedging tool, issue non-negotiable souvenir instruments and, with the approval of the Ministry of Finance, select an international company that performs external audit and auditing for a period of five years, .

The concerned circles expressed optimism about the next phase, especially with the intention of the «central» to develop its work by adopting new products. The Governor of the Central Ali al-Alaq stressed that «Iraq has exceeded the difficult stage during the past two years, which saw the issuance of data is not based on facts that raised terror in the Iraqi street, as shown by the Bank, which is a safety valve for the economy and monetary policy of the country, The dinar maintained a stable exchange rate at acceptable limits despite the challenges, in addition to the index raised the interest of global institutions supporting, as the central reserve exceeded the ceiling of the IMF's expectations of ten billion dollars ».

A committee was formed by the Central Bank to develop and facilitate the work of the government sector with the private sector. It approved recommendations that would reduce the routine and ease lending conditions for private sector projects and adopt the advanced electronic systems in government banks to support the private sector to take its real role in economic development. .

The recommendations approved the need to include the Ministry of Finance in the budget of 2018 all the receivables of contractors for payment, and approved the recommendation for the inclusion of private investment projects implemented or those in the stages of implementation as acceptable guarantees for loans investment projects exclusively, and approved the recommendation for the use of a modern mechanism for financing projects based on the schedule of work in The investment project is similar to the projects implemented in the interest of the state, according to the instructions of the Ministry of Planning, to reduce the pressure of guarantees on companies.

Source: alhayat.com/

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