FRANK26 POST - KTF MIssions

Greetings Family,

This is Nancy Newshound from WKTF with you once again and today we have Frank26 who we will be interviewing today. Thank you for being with us this evening Sir. We have some concerned viewers that have invested in the Iraqi dinar and would like to ask you some questions. Would you mind?

Yes I would.

Excuse me?

Just kidding. I understand their concern because I and my loved ones are also invested. There is a key though…….it is our money that is invested not our last hopes. Unfortunately for some ……..it is and I can respect that. Nancy if you would allow me I would much rather paint you a mural of what is happening in this month of January ……….may I?

Yes please do.

Before I start ………..may I offer you a cup of tea? I don’t drink coffee but I have a fancy for Asian teas. Also please help yourself to some of my favorite cookies………..white chocolate macadamia nut cookies.

You are a strange one. Yes thank you I’ll have a cup of tea and some cookies.

Good then allow me to begin by saying that today the 15th there were rumors of the RI being announced. For the last four days I have been interested on the 18th. That’s this Monday………….when the 1170 rate completes one year without any fluctuation. It maintained its stability which is an IMF requirement. By the way………one can easily call the IMF to inquire about these regulations. They won’t tell you when it will RI but they will certainly tell you what is required for it to do so. Banks in Iraq open on Sundays …………our banks will be closed on Monday. One can look at this in both directions. It can be good because if the announcement can be made on Sunday……..then adjustments can be made for preparation behind closed doors of our banks. The rest of the world would probably commence the exchange on Monday. It could be bad and it could be good. IMO……….I am looking at the timeframe between the 18th and the 31st. The exchange rate mechanism should be applied during this time because there is a lot of encouragement by the GOI to pass their budget as soon as possible and to activate the ERM ……….a rate increase or a currency with value is a necessity for their 2010 budget. If not they are stuck for the rest of the year with the 1170 rate. But where is the logic in that when on the 18th ………they graduated one year of requirement? It would serve no purpose to be stuck at that worthless rate for another year when this country badly needs a recognizable currency. The only way to be recognized is if their used toilet paper of a currency………..has competitive value. They need to get the 1170 rate out of the freshly poured concrete……….before it hardens again for another year.

Has there been any evidence that the GOI has been working towards this goal?

Plenty. Back in December Maliki told the UN that their goal for 2010 was to become an international financial community. The year before that………he said that it was their economic boom year. I know that it seems like a snail’s pace……….but if you could push fast forward on the last two years………this January appears to be a culmination of a lot of work and pressure. The UN holds the keys to their shackles. Their freedom lies in the wordage of CH7. It is the UN and the IMF’s ultimate goal to bring the IQD back to its original level. When Saddam was dethroned the IQD was at 3.22. It was not to be given its value again until conditions were right in Iraq to do so. There has been a revolution of change in that country……..and impressively ……….in such a short amount of time. The program rate of 1170 was to expire in this month of January. Yet we see no evidence of it. For some reason there seems to be a freezing effect across the board with many things in Iraq besides their rate. I have shown evidence in the last two weeks that the banks although open………..are doing no business. ISX again ……….showing no trading. It’s almost as if someone is using that remote control again and pushing pause just when they were about to say……ready, set……….Go. They seem to be frozen on set. This type of freezing tells you of some processes that obviously still have to be done within Iraq’s banking systems. Iraq can be seen as a firefighter……….or an astronaut……….or a scuba diver. Before any of these three would perform their duties there is a tedious checklist that they go through before entering ……..a NEW environment. It is best to take your time……….and not make a mistake. What if a skydiver rushed to jump out of the airplane with his parachute………but packed it improperly? This is what I see with the IQD trying to find value. These people are very very calculative.

Yes Frank26…….there were rumors about some eclipses that apparently were playing a part in influencing their decisions.

From the days of the Three Wise Men the stars have been very important to this region of the world. If it was important enough to find baby Jesus……….it is important enough for them to apply it in making decisions about their future. I am not trying to tell you that what happened last night is the cause of no announcement. Yet……..look at this……..notice how they consider two eclipses in one month ……….a bad omen.

The end of the phenomenon of the partial eclipse of the sun

15/01/2010م - 2:00 م | مرات القراءة: 182
15/01/2010 - 2:00 pm | Hits: 182




Has the phenomenon of the partial eclipse in Iraq at the tenth and 36 minutes of the morning Baghdad time.

".
The head of the stations at the Center for Astronomy and Space Physics Khalid Sami told the National Iraqi News Agency / NINA /: "The phenomenon lasted two hours and 11 minutes as the withholding about 20 percent of the disk of the sun in space."
The event on Friday, when the eclipse, approved in the month of Muharram of the Hijri year 1431 and also approves the month of January in the year 2010 AD This means that in one month, which is forbidden, there was a partial eclipse of the moon and the partial eclipse of the sun


http://translate.googleusercontent.c...5X74QuWgeTUxHQ


That’s very interesting Frank26. So do you feel that there will not be an announcement in this month of January?

I am a man of great faith in God and I take my prayer to Him and leave it at His throne. If you were to ask your mother or father for money to pay your bills…….would you constantly keep reminding them for this loan? I leave it in God’s hands because ……. It would be a bit embarrassing IMO. So I cannot tell you nor give you an answer of WHEN the announcement will be made…………instead my team collects daily empirical data and we analyze it. It takes the whole day because we are 8 hours behind Iraq’s time. I then take it to God in prayer and make a decision as to whether or not to post it. We offer a logical window to be considered. I will admit………back in December I fell into the hole of giving a date. It was not right but my discipline became laxed. But I must encourage you that there are so many things occurring in front of and behind closed doors that intel brings us that causes me to believe that everyday is qualified for the announcement. Every day has potential for this thing to come and surprise us in the still of the night.


Do you think that they have the backing for this rate increase?

I don’t know if it’s going to be a rate increase……..as I told you the UN wishes to reinstate the value. Yet……..if he value comes out higher than 322 then we are definitely looking at an RV. But yes they certainly have the backing to infinity. I would need a calculator to tell you how many nations have forgiven their debt in the last two years. So many loans have also been made by countries besides the IMF loans. Their SDR are mysteriously being tapped into……..which only tells me that they are making special arrangements behind closed doors to spoon feed them even more. They recently talked about the gold that Saddam had stolen being utilized. All the millions that they have been losing from black marketing of their oil across to neighboring borders has been fortified. Meters will be put on these wells very soon. Tell me Nancy……..why do you have a meter outside of your home? So that the Electric Company does not lose one single wattage of their inventory. This security and concern improperly protecting their oil refineries alone jacks up their federal reserves instantly. I am sure there are so many other funds that we are not privy to know about. All of these and the unknown funds ………lest we forget the 7 trillion IQD loan that was given……..are a very good platforms for them to launch their IQD. Even the relationship with the Kurds and Sunnis have improved in the oil department. These great advancements cannot be overlooked ……….as the HCL takes note of the improved relationships. Rumors are rumors………they can say all they want to say………but it is much more important to keep your eye on what they are doing and completely forget what they say. This is a formula hard for Westerners to accept. We seal deals with honorable contracts………relationships that can be trusted . Unfortunately we have to think differently……….as we watch them.


So Frank26 you feel the world is recognizing Iraq along with its currency ?

Yes definitely. Ever since the Investor Conventions from last year ……..which for the first time had a waiting list of over 1200 requests just to get tickets to this event……Iraq is a HOT item. Publicity on the news channels grew as they covered these conventions and for the first time the dinar was considered a smart investment publicly. Here look at this…….this article is explaining to you that the World Trade Organization (WTO) is very eager to bring Iraq on board. Articles can be deceiving that’s why I constantly say look at what they are doing. This article starts out looking negative because it looks like the WTO is ruling out any approval of Iraq. But as you read on……..which most people don’t because they give up………I want you to look at the last paragraph in red. They say that it should be noted that Iraq is an observer member of the WTO and that the WTO is in the process of ACCESSION (this is the act of one coming into the possession or the acquisition of a specific right…….in this case, IMO, Iraq’s right to be knighted with the power of buying and selling goods) In case they are to implement items of world renowned! Well sure Iraq very much wants to bring in imports and export their oil so that the whole world is aware of it. You see there are many little things that are constantly being done to get to the announcement. As investors we are too ignorant of these necessities. We measure time in a linear fashion where they are drawing from many different specific events and time that are bringing together the proper nucleus that can support the announcement. What the world banks did in the last two months with Iraq’s banking systems is priceless compared to what they are about to achieve. To be recognized world wide is a CH7 requirement.


rule out approval by the World Trade Organization to include Iraq by this year
Alaa al-Sadoun: rule out approval by the World Trade Organization to include Iraq by this year

2010-01-15 13:21:33
2010-01-15 13:21:33

BAGHDAD (Iba) .. ruled out the head of the Finance Committee in the House of Representatives Alaa al-Sadoun possibility that the World Trade Organization to include Iraq by this year.

وقال السعدون لوكالة الصحافة المستقلة ( إيبا ) اليوم الجمعة ان المنظمة العالمية تقبل عضوية الدول ضمن طموحات اقتصادية محددة اولها ان تكون الدولة قادرة على تنفيذ سياسات التصدير وذات مستوى انتاج محلي كبير وهو مايفتقر اليه العراق الذي اصبح بلدا مستوردا للكثير من السلع والبضائع والمواد .
Sadoun said, told the independent press (Iba) said on Friday that the world accept the membership of countries in specific economic aspirations of the first of a state that is able to implement policies and export-oriented production level is absent is a large local by Iraq, which became a net importer of many goods and materials.

واضافت لااعتقد ان من مصلحة العراق العمل على الترويج للانضمام دون دراسة مسبقة ووضع سياسة حماية المنتوج الوطني بالرغم من المكانة العالمية في حال الانضمام .
She said I do not think that Iraq's interest to work on the promotion of accession without prior study and develop a policy to protect the national product despite the global status in the event of accession.

مؤكدة ان غالبية المنتجات العراقية الحالية تقليدية ولاتمتلك شهادة الجودة العالمية المعروفة بـ( ISO ) .
Confirmed that the majority of Iraq's current products and do not have a traditional international quality certificate, known as the (ISO).

ونوهت السعدون الى ان المنظمة تفرض قيودا وشروطا معينة على الدولة الراغبة بالانضمام ، وامام هذا التوجه بات ضروريا على العراق الاسراع في تنفيذ ستراتيجيات التطور الصناعي .
Saadoun and noted that the organization imposes certain restrictions and conditions on the State wishing to join, and in front of this trend is necessary in Iraq to speed up the implementation of industrial development strategies.

تجدر الاشارة الى ان العراق عضو مراقب في المنظمة اي في طور الانضمام في حال تنفيذ البنود العالمية المعروفة .(النهاية)/20/
It should be noted that Iraq is an observer member in the organization that is in the process of accession in the event of the implementation of items world-renowned. (End) / 20 /

http://translate.googleusercontent.c...2bEoHSajiwLZHw

Once again Frank26 these are interesting points …….what else do you have there?

I want you to take a look at this article and keep in mind that the US has been flooding Iraq with money so that they can get their oil productions and infrastructure back on line. What I find very encouraging is that the US has turned over a lot of these activities into the hands of the GOI. Read the red highlights……….do you see where Maliki issued orders to Basra oil production about two months ago? First of all he is “ISSUING ORDERS” and they are obeying them…….that’s either amazing or progress. But most of all take note that it was done “TWO MONTHS” ago! That reveals internal agreements that certainly were not publicized back then in the oil industry but are very transparent today. This is fantastic that Basra is on board and cooperating! It’s exciting for the HCL. It’s exciting for us investors because I have always said that when you see the HCL in the next breath you will see the RI. The 2010 budget has been the COMMON DENOMINATOR found in so many events in this month of January. I truly believe this 5% is just another step to where we need to go with the announcement.

Basra governor: get back money after a good pass rate of 5%

The governor of Basra, on Thursday, said Basra Stsalha amounts of good after the application of the decision to levy 5% of the fees for border crossing points,but the eyes remain fixed on a half dollar for every barrel of Basra and issued as ordered by the Prime Minister, pointing out that Basra is looking forward to the approval of the House of Representatives to do so.

Prime Minister Nuri al-Maliki has ordered two months ago to allocate half a dollar on every barrel of oil exported from Basra, but the decision was still in the corridors of Parliament.

The Cltag Mayah in a gathering of many of the journalists on the sidelines of a conference held at the City Hall, said, "well Basra Stsalha amounts from the application of the decision to levy duties on goods entering the province through its border, but oureyes are fixed on half dollars from oil exports, Basra, ordered by Prime Minister, because the city of Basra a large and important and need more money to repair its infrastructure. "

The Mayah that the Minister of Finance "as far as the needs of Basra for the reconstruction of infrastructure is estimated at 32 billion dollars."

The Cabinet decided to allocate 5% of the fees levied on goods entering through the ports of Basra border of the province, Basra has a seven border points, including two implementing Brian and five ports freely.
The former provincial council meets the 1% fee goods entering the province, and the amount of revenue, official sources said about five billion dinars a month.

The Mayah "We said at the outset that the budget for development of the Territories of $ 220 billion dinars, which will go half to extinguish the debt of previous projects, not enough for one sector of the vital sectors of the province, and we look forward to the supplementary budget," afterthought, "but the final decision we were very pleased, and made us in the position of optimism the future of the city. "

Mayah revealed that the decision to allocate 5% of the fees Almstoft of Basra, which cabinet approved "does not require the consent of the House of Representatives, but will be approved directly within the 2010 budget."

http://translate.googleusercontent.c...Uz182IX0I6mrDg


U.S. reconstruction team in Basra: We will move the financing of infrastructure projects to the Iraqi side.

Head of the U.S. reconstruction team in Basra on Thursday that funding for infrastructure projects will move to preserve the Iraqi side, pointing at the same time that the efforts of reconstruction team in the coming stage will focus on the training of government employees in the province”.

The President of the U.S. reconstruction team, John Niln during a joint news conference with the Governor of Basra and was attended by President of the Provincial Agency(Voices of Iraq), "over the next year 2011 we start new projects will be focused on providing training and technical advice and technical assistance to government employees," adding that " responsibility for financing the infrastructure projects will be transferred to the Iraqi government. "

"The projects we are working on in Basra province, worth more than $ 120 million awarded from the United States of America to lift the standard of living in Basra."

He continued that "These assignments are distributed on the spending of $ 40 million to ensure enough potable water and 25 million dollars for sewer and $ 20 million for the development of electricity networks has also been allocated $ 20 million to build new infrastructure in Basra."

Abizaid and Niln "has also been allocated $ 15 million for the rehabilitation of the judicial and security installations while $ 10 million for the removal and garbage."


He noted that "These projects have been initiated since 2009 and the other part will be implemented during this year."
http://translate.googleusercontent.c...-ome3uF0-cj6ag





So many pieces Frank26 makes it rather difficult to keep track of the proceedings doesn’t it?

Difficult? No…….for us investors it’s a nightmare. To understand these complexities of economics would take a doctorate degree x 2.

They had a roundup of bad guys this past Wednesday. That shows that they are protecting their nation………and our investment.

SOFA removed us earlier this year. But they got us off the couch…..LOL……….sorry about that. But I mean it sincerely. Take a look at this article. US Armored Division taking over the command of joint operations in Baghdad screams the opposite of SOFA. Did they do the work in removing the insurgents this week? I truly don’t know………I stopped my intel at that time. It was my way of showing my respect to my nation. But I can tell you this Nancy…….I am pleased ……….that we are still there being the bulldogs that we need to be.
U.S. Armored Division take over the command of joint operations in Baghdad




Received the First Armored Division in the U.S. Army First Cavalry Division assumed the command of joint operations in Baghdad and the leadership of the U.S. military task force in central Iraq.

وأضاف بيان صادر عن الجيش الأميركي الخميس أن حفلا أقيم بالمناسبة الأربعاء حضره قائد القوات الأميركية في العراق الجنرال راي أوديرنو وكبار الضباط في القوات الأميركية والعراقية.
The statement issued by the U.S. military held a ceremony Thursday that the way Wednesday with the top U.S. commander in Iraq, General Ray Odierno, and senior officers in the U.S. and Iraqi forces.

http://translate.googleusercontent.c...7dEPgoBHptiAGg
I know our time is getting short Frank26 may I ask you one or two more questions?

No worries……..how can I help you?

There are rumors that the IMF requires value to Iraq’s currency before they make their first payment to them. Something about 30 or 45 days before the payment date. Do you know anything about that?

To be honest…….very little. It looks like the IMF is waiting before they even tell Iraq when to make their first payment and for how much. The truth of the matter is that what we are hearing right now is a payment that is due for ……..”DUES” and SDR Assessments…….. not for a loan. Here take a look at this article. IMO….until the IQD goes up in value……..we may not see the loan payments to the IMF.

Iraq projected payments to the IMF


Assessments_SDR May 01, 2010 84,743


http://www.imf.org/external/np/fin/t...&extend=y#Desc



You have mentioned the 2010 budget that seems to be tangible to so many activities leading to the announcement. When do you think it will be done?

Once again………less words from me ………as you read this article. The red highlighted areas seem to be indicating the day after my 18th. Next Tuesday ……..is a possibility. Keep in mind this is written in the sands of Iraq and this time of the year ……….there are high winds. Anything ………can change over there and erase the writing in the sand.

Salim al: the balance is now complete and will vote for next week
2010-01-14 15:42:47

BAGHDAD (Iba) .. According to a member Council of Representatives proper Jubouri federal budget for 2010 is now complete and there are some questions that needed legal committee be completed through dialogue with the Ministry of Finance.
Jubouri said told the independent press (Iba) that next week will vote on the budget bill, the Federal recognition of the need for approval and the fear that change may have a negative impact on the civic life of the people.
"There are some points of contention on the budget but does not live up to the level of objection to a great team at key points in the budget.
He suggested that the vote on the budget depends on the presence of members of the House and a quorum until the Council decides next Tuesday is to vote on the budget.
Wicker said the government indicated that some parliamentary blocs depends delay approving the budget for electoral purposes and to influence the work of the government, and denied that members of the House of Representatives. (End) / 11 / g / ..


http://www.ipairaq.com/index.php?nam...onomy&id=19919




You said the HCL is important for the announcement but is it a necessity? IMO……….no. Within the four parts of the HCL……..three of them belong to the oil industry and they are done. The other one belongs to the people of Iraq. It would be wonderful to have the HCL pass but the Kurds have not been in a hospitable mood lately. But miracles do happen in this land. Once again ……..read this gold mine of an article! How can these actions be occurring when there is no HCL? Remember this is a land where a few lies in politics can get you a long way. They may not necessarily be direct lies………but they also need not tell you the whole truth!!! If this article is anywhere near true it is highly possible that the HCL ……..is done and waiting for the right eclipse so that it can come out in to the open. Like a vampire…….the HCL has been fearful to come out in the light for fear of being consumed by fire. And it will Nancy……….remember to take a look at the top of the oil refineries when the HCL lights them.


Iraq to pay Kurdish oil deals
Thursday, January 14th 2010 9:20 AM

Erbil, Jan. 14 (AKnews) – Iraq is set to grant the Kurdistan Regional Government (KRG) a green light to sign deals with foreign oil companies on the grounds that Baghdad could see the contracts transparent in order to fund them, an official said on Thursday.
“Iraqi oil minister Hussein Shahristani funds the KRG oil deals after his ministry reviews the deals,” said Iraqi MP on oil and gas committee Bayazid Hassan.
According to Hassan, Iraqi government pays companies interesting rate if the Kurdish deals are transparent, if not Iraq pays the rate from the 17 percent of the KRG budget.
Kurdistan Region exports 100 barrels of oil per day (bpd) and it is likely to increase it to 150 pbd by end of 2010.

The KRG oil income per year would reach US$555 millions if each barrel sold by US$70, Hassan said.

He concluded with saying block of Kurdish oil export would harm the Iraqi economy.

ba gs AKnews

http://www.aknews.com/en/aknews/2/103297/

I see you looking at your watch Frank26……do you have time for one more question?

Yes Nancy………I have to get going and pick up my brother Knarf. He is visiting Higgins from Magnum P.I. ………..please keep Higgins in your prayers. He is up in age now and is somewhat immobile.

Are you serious Frank26?

Of course I am……….now what is your last question?

Can you talk to me about a currency basket and the potential of ME countries with the GCC including the IQD?

Why should we………that’s old news and I told you I am talking about this month of January. Why don’t I tell you instead about a currency that once again becomes the COMMON DENOMINATOR to a lot of precursors leading to the announcement. One of the big hold ups has been KU………..they are done. The next one was China. What would you say if I told you that China is going to revalue their currency? What if I told you there is great pressure…….hmmm I wonder why……..for them to revalue? BUT!!! What if I told you ………THAT THEY HAVE TO? Let’s say that they did. Do you realize that just 10% of their revaluation would be enough to help the world’s economies stabilize? China’s foreign exchange reserves know absolutely no limit. There is no end in sight to their growth! There foreign exchange reserves are over 2.4 trillion dollars. Forget about what has been talked about in the past with a basket for the GCC. They need China to revalue ……….to support everyone else. I don’t have the time because I have to go now but let me leave you a stack of articles below that I want you to carefully read. Next time we are together ……….I will answer your China questions in more detail. For now I will leave you with this last and final thought. Tell me Nancy……..why is the Vice President of Iraq Adil Abdul Mahdi meeting in the White House with Obama and the Secretary of Defense Robert Gates at this moment as we speak?

I don’t know Frank26. Do you?

Hmmm………remember when they said they found no WMD in Iraq? They forgot that the biggest WMD was ………..Saddam himself. Nice talking to you ma’am. You can take those cookies home with you along with these articles. It was an honor to talk to you ……..maybe next time ……….I will have more to say. For now Nancy I believe we have had ……….a Frank discussion.

·China faces curse of a too-rapid recovery

China's trade boomed in December. And in doing so, it took away one of Beijing's main justifications for keeping the nation's currency artificially cheap.

http://www.telegraph.co.uk/finance/china-business/6966592/China-faces-curse-of-a-too-rapid-recovery.html
········JANUARY 13, 2010, 2:16 P.M. ET
Trade Flows Show China Must Revalue Yuan Soon
http://online.wsj.com/article/SB10001424052748704362004575000772841658194.html?m od=WSJ_Markets_LEFTSecondNews

·JANUARY 14, 2010, 12:01 P.M. ET

China Yuan Revaluation Prospects Heat Up

http://online.wsj.com/article/SB1000...LEFTSecondNews

China’s Forex Reserves Growing to Infinity

Posted: January 15, 2010 at 8:27 am
China’s central bank showed that its foreign exchange reserves rose to a record $2.399 trillion at the end of 2009.

http://247wallst.com/2010/01/15/chin...g-to-infinity/

Iraq: List of countries by foreign exchange reserves
Iraq ranked # 29 in world
http://en.wikipedia.org/wiki/List_of...hange_reserves