Conference Call Replay -  Feb. 26, 2012 Download/Playback or  760-569-7699   Pin 769478#

Mike summarizes tonights News:

RECAP

No there was not an RV for those tuning in late we talked about the rumors in the community over the weekend and every day There is no such thing as an “In country RV”…it doesn’t happen that way…it won’t happen that way….IT is not true…RV’s happen instanteously..very quickly…happen so people can not take advantage and know that it is happening and go ahead and go out and buy the currency and create what we call in this business an arbitrage situation…which means it is a riskless transaction…which means you buy it and sell it in the same transaction and you make money on it …that doesn’t happen The Banking system works very hard to not let that happen Why?  Because they make money on everything we cash in and everything we do Theres a percentage that they get…..they will never let that happen because that’s how they make their money Pay no attention to the man behind the curtain and the wizard of Oz…not there..don’t look for the dream… Keep your head focused on the News and Facts…so that you can understand when someone gives you a rate 12.00 etc you can say NO that is a lie…it doesn’t work…. This will come out without FANFARE and without causing commotion and if you think this kind of rate of $12 or $13 would not cause commotion across the world…It would stun the economies across the world… you are poorly mistaken about the international economy…that just doesn’t happen .. The rate will be in a range anywhere from over a dollar and up to 20% over what Kuwait is at (around 4.00)……that’s the high end from a common sense that will not shock the economy…the guess is it is going to be pretty close to Kuwait because that is there neighbor they are not going to go ahead and shock them from that standpoint…they can build on that slowly after the fact and as the years progress…..Know that in your hearts so when you hear rumors it just doesn’t happen that way

Reminder to go to our site and download the Document “Future of Iraq” Project – it will give you the balance you need to feel safe with your investment and how close we really are to the end But we have to use common sense with this investment and please know in your hearts these kind of rumors are simply not true.

If you hear rumors and you are not sure go to www.cbi.iq and check the rate, we will also send an emergency Mailer, Tweet it, and our lines will be open immediately to celebrate and help you with all the details.

Thank you all for being on the call tonight we are just going to give you a dose of reality and common sense and little bit of STRAIGHT TALK 

Heres what is happening in the NEWS WORLD….

CBI – rehashing articles – They are out there talking about getting the bank new notes out there in Sept. This should be no shock to anyone who comes to our calls regularly because a week ago we read the same article that actually talked to the Finance Committee who said this is what’s going to happen…. they have a time schedule now for the CBI….they can do that release those notes from anywhere from now til Sept. that’s what they want to do…they want to start releasing these notes.. they have to be very careful because when they release these notes they have to have some value to them especially if they put coins out so there has to be a steady process…he’s giving himself a time window to do this in He can it any point in time that he wants to from that period..he can wait all the way til Sept. or at any point from now

Shabibi needs to see what’s going on in his economy and he will do it so there is not a shock and the pressures of inflation are gone from that standpoint Don’t freak out about these things and these articles… We have already gone over these articles over and over..they will continue to rehash the old articles educating the people..they want people to know there is new currency coming out …and you will see alot of these articles They will hit everyday…anything you see with the words “introducing in Sept” it is NOT a new article….its an OLD article and they are just talking to the people and the street vendors as we would do in our newspapers if it happened here..we would go out and find people and say hey the new money is coming out…what do you think?  Then articles are going to flow and you will get opinions of people and what they think…

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Conference Call Replay -  Feb. 23, 2012 Download/Playback or  760-569-7699   Pin 769478#

Theme for Tonights Call:

Just when you thought it couldn’t get any better….It Did…. and then it did it AGAIN Mike summarizes tonights News:

WE HAVE REACHED A MILESTONE I NEVER THOUGHT WE WOULD GET TO TONIGHT….. SOME PRETTY INCREDIBLE NEWS I THINK IN THE 8 YRS SOME PEOPLE HAVE BEEN IN THIS INVESTMENT IT WLL BE ONE OF THE MOST EXCITING NEWS NIGHT WE’VE HEARD IN A LONG TIME

BANNER DAY IN THE HISTORY OF IRAQ ABSOLUTELY THE BEST DAY FOR THE PEOPLE OF IRAQ……

ITS ALMOST SURREAL WE ARE AT THIS POINT….

CBI News

CBI they have been in the middle of their training/education program letting people know there is going to be a new currency… kinda going over the news we have heard and discussed over the last few days where they’ve gotten the Financial Committee on board..they’ve explained the importance of whats going on..they are coming out and telling the people now we know where the counterfeit currency is coming from and… Just remember folks…the only way to really get rid of the counterfeit currency is to issue new …it stops it immediatley 100% because they would have to retool the printing presses ..they can not print the same currency because it is printed differently on different plates and by newer machines which print things differently so its very much something they are moving forward to and they are letting everyone not to worry But they know how EXACTLY HOW MUCH MONEY IS IN THEIR CURRENT ECONOMY DOWN TO THE LAST DINAR… THEY KNOW EXACTLY HOW MUCH THIS RV IS GOING TO COST THEM THEY’VE GOT IT ALL PREPARED AND ARE READY TO GO

Now we move to the Political Scene…because the CBI IS DONE and all they are waiting on is for the government to kinda get there stuff together….and the Government today started getting their stuff together WE LEARNED TODAY THAT THE 2012 BUDGET WAS PASSED AND COMPLETE they say they are running some sort of deficit out there dont get concerned about the numbers.. dont go out there and try to do those numbers…its all in current dinars…all equates into purchasing power after the dinar RV’s which means there are excess funds that will fall into next yrs budget and they will be financing part of this yearss budget thru the CBI so they are running a little bit of a deficit… we know as well as everybody else that the amt of oil coming out of there there is no way they are going to be able to run a deficit…They have extra dollars tucked away for anything they need to RV this currency based on the oil production and where they are at so theres no funds that will be unallocated  that they have to take from any place else to do this RV….ITS DONE AND READY TO GO…THEY HAVE THE MONEY….got extra money hidden in this budget because pretty much at 85.00 barrell…they are at a 120.00 barrell…..even at the lowest 105 per barrel… extra money in there

And we learned tonight FOR THE FIRST TIME IN THE HISTORY OF IRAQ……CITIZENS OF IRAQ ARE NOW ABLE TO SHARE IN THE PROFITS OF THE OIL EXPORTS WITH THE CITIZENS… Tremendous value for the citizens..they will now get their just dues and they will be able to share in the riches of Iraq and they will grow…when Iraq grows their riches will grow..when the oil grows and it becomes more profitable SO WILL THE PEOPLE OF IRAQ….they will use that money to build their cities..build their businesses to do what they need to do inside of Iraq because its a fairly new economy it will be a cool injection for them to get themselves moving and going forward and developing their economy as a very capitalistic based type of economy where you’ve got people coming and going

National Conference they have agreed on what the agenda is going to be and how they are going to handle themselves….finding that there’s pressure on Maliki to go ahead and get his ministers seated and we see movement in that area..As the article stated we read tonight “The commission reached a preliminary agreement to resolve the selection of candidates to fill the posts of defense and interior ministries and that they “agreed on the selection of independent candidates to the Ministry of Defense, Interior”.

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Conference Call Replay -  Feb. 19, 2012 Download/Playback or 760-569-7699   Pin 769478#

Mike summarizes tonights News:

Excellent news – CBI, Banking  We read the article where the finance committee has given the approval to go ahead and delete the 3 zeroes September is their guideline to delete the 3 zeroes…We all want to remember when I talk about deleting the 3 zeros thats about replacing the currency – its not about the RV…they have a timeline to replace their currency….we learned the old currency and the new currency ARE going to run CONCURRENT FOR 1 YEAR that means they are NOT taking the old currency and getting rid of it and replacing with the new currency and you only have 2 days to turn it in or it going to be valueless…..ITS GOING TO RUN CONCURRENT FOR ONE YEAR

Gotten  the approval to go ahead and do the printing and replacement of the dollars from the Finance Committee…It is a formality..but it was a formality they needed in order to have this process to go forward…

We read about CBI talking about counterfeiting….one of the ways to break up the counterfeit rings is to get the new currency out This is all training for the people to get them interested in the new currency to let them know that this currency is coming and going to be there and they need to have full faith and credit in this currency and want to hang onto their dinars and go and do the exchange from that and get themselves moving forward

Learned that CBI is ready to do this….we feel they have everything printed and ready to go They are in the business to make money…DON’T WANT TO SPEND MORE MONEY FOR A CURRENCY THAT IS WORTHLESS IN ORDER TO PUT THAT OUT…..BECAUSE IT JUST DOESN’T MAKE SENSE….so at some point in time BEFORE THE NEW BILLS GET OUT TO THE PUBLIC THEY HAVE TO HAVE SOME KIND OF VALUE especially the coins need to have to have more value…can’t have a coin worth more in made value than it is for value that they can move ahead Very big process…kinda think that starting September backwards the timeclock is on…and CBI has put the time clock on everybody to get this done very quickly so that they can move forward to get this exchange done and get the value there so they can move their economy ahead….they are ready to move ahead – the Banking systems is ready to go

From the Political standpoint.. We talked about Barzani pretty much told everybody to get on the bus…LETS MOVE IT FORWARD

We read about Parliament is going to start fining people for not being there…

We read about laws being passed and progress moving forward

We talked that there is Easing from Maliki on some political issues – political prisoners he has moved forward We still know the main point is going to be the Hashemi trial and how thats going to be handled and how it will probably be taken out of the National Conference to move forward It looks like they are ready to go ahead and do that and meet with this National Conference although there has been talk of trying to put it off until after the Arab Summit It would really behoove Iraq to be together to come out of this National Conference as one government to its Arab Partners as on one government to let them know they can be a partner with them That they have a stable government and that we are a good trading partner we can go ahead and move forward

Most of the issues with Kuwait are moving forward…I dont want to say it is a done deal….but pretty much it is a being a negotiated deal behind the scenes..Kuwait will let them out of Chapter 7 That will happen in this process of the dominos falling probably once they come out and get themselves a recgognized govt and that everybodys together …all very happy and moving in one dirrection that we are one and moving in the same direction..that will all happen

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“Straight Talkin” Mike summarizes tonights News:

Mikes Summary:

Really good news night!!! Talked about some great things going on with the CBI and Banking…. Talked about them getting some ATMs machines out there in 24 hours Getting their people prepared for banking so that they can use their phones to go out there and do their private banking With my current business being in Technology…..I ABSOLUTELY FIND IT OUTSTANDING they have 6-8 hours of electricity and they are talking about using their cell phones to do banking and ATM machines

They are talking about legislation that needs to be passed to let the private banks go ahead and start loaning because they had state owned banks doing all this loaning..now they want private banks to take over that so they can become a multi international banking system ….they need a few laws passed to make that happen

Talked about Rafidian Bank stopped lending as of Feb 15…closed that down to lending and doing anything else so they can take a tabulation of that of the 15th..which is GREAT! Now we have:  first all of the things we were worried about if they had an RV what would they do with all of the contracts and everything… they are going thru the Rafidian since that is the largest bank that has loaned most of the money out…they are going thru and have a tabulation on that… Next all of the other banks can come in and start take over the lending and development of all of the other projects So the banks can go ahead and do what they do make money and interest and loan money to people to make money off that process to build reserves and Central Bank kinda controls that whole process ABSOLUTELY WONDERFUL from that standpoint

Learned they are still educating everyone in articles out there about how valuable their dollars are Talking about all the modern technology they have….ATM machines putting them in restaurants, etc…put them in all of these places where people can go to these places and do what they need to do.

Think about this…You would have to have some value!! Why would you be putting these ATMs and these type of technologies out there for a currency that is not valuable at this point in time The ATMs are a great source to get out those lower denoms…so keep an eye on that GOING VERY WELL from that standpoint

CBI has worked its plan and knows exactly what they are doing..moving along thru each phase Completed with this phase and Rafidian closing..they are finishing up what all the IMF has told them to do in order to have their banking system in line to have the blessing of the IMF The IMF told them what they needed to do with all of their banking system and one of the biggest things they needed to do was to figure out how to get Rafidian Bank from controlling all the money inside the country What did they do?….they stopped loaning…now we have all of the other banks ready to start loaning Ready to set up for an international banking system and ready to be open up to the public here very shortly so they can start  to do business loaning and doing what they are doing

Learned Budget due to be voted on Monday Minister of Finance will be there on Sunday to kinda close out any other questions in Parliament they might have Still struggling with power internally with the last piece that needs to be done before the conference can be held and the government can kinda come out in unity is the Hashimi issue..which is a fairness issue..don’t want him to be prosecuted in Baghdad  – they want the constitution and the judiciary branch to look at this with a sense of fairness and not to have somebody have a political issue with a person and be able to prosecute him thru the courts….sounds kinda funny but it is a very important issue,,,more so than you would think because in the past what did Saddam do with all his enemies….put them in courts…had fake trials…put them to death in public manner so everyone would stand up and do what they needed to do and follow him.   This is why this is such a salient point for them and they can not let it go..they can not have that happen again…. Thats why everyone was comparing him to a dictator and all that other stuff that was out there….May seem like a small issue to us but it is a huge issue for them

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