Q: What are your feelings about Ch. 7 falling itno the RV?
A: They won’t get out of it until they RV …they have to.
Q: When we go to cash in and there’s sanctions, why would the banks give us our money?
A: Do you remember how they put sanctions on them? It was $2 + and they still traded.
A lady called me and she went to an exchange to know the process to see how hard it would be to trade in dinar…people in front of her were from Kuwait …she puts her dinar and they asked her to sign? It’s CURRENCY guys! Don’t make it harder than what it is. Go to the bank, trade it in, and they’ll do it immediately right then…you’re holding currency right in your hand.
Q: What happens if it doesn’t RV this month?
A: No, I think Iraq is under pressure to get this done…a whole lot of pressure. I don’t even know what to say if it doesn’t happen…Maliki is under extreme pressure with guys trying to get his nose of it it…and if they keep pressuring him, fine, but if he figures a way, it’ll hang on. Then the AS probably won’t happen unless the US jumps in which I don’t see happening since we don’t have money either. I like this week real well….there’s too many political balls that can be bounced around right now. As it looks right now, we’re looking real good.
Q: Allawi and Maliki are being moved around and Najafi was supposed to come in….
A: Here’s the deal – think of these guys like Indian tribes and you have Kochise as a Chief, Sitting Bull as a Chief –they all have their sects….Maliki, Talabani (head of the Kurds with Barazani) – all these guys have to give up to make Allawi to look bad who is giving his power to take over the Strategic Council. Maliki will be doing the same thing….he’ll be the one taking over >>?? It’s like the head of the Republicans, House.
Q: What’s going on with the inflation there? Didn’t Shabibi say he’d limit it?
A: He didn’t want it over 10% and it’s moving up because they’re letting the dollars out there.
We had an economist who always speculated not thinking they’re moving dinar, but USDollars. He’s sharper than I am…and when he starts talking, it’s way over my head.
3-4 weeks ago they said they’d stop using dollars, but the big bills were taken off the street and the inflation’s up so they have to RV their money or …… or inflate what’s going on in the economy to keep it below the 10%.
Q: If they don’t do it before the Arab Summit, what else could happen?
A: I don’t know – well, I do know, but I can’t say yet because I shouldn’t say ….it’s a lot of money and they’ll cut my head off. If we kinda know what’s happening, we don’t’ want to mention it because we don’t want it to happen that way. We should have happy days by the end of next week, but we don’t know and we have to sit and wait.
Q: You say to follow the money…
A: They said they’d implement the budget 2’ce…they lied. They were going to speak to the leaders…they were going to accelerate the 2011 budget in the 2012 budget. They were going to open the budget and still use the 2011 budget because it has all the enhancements to get the Arab Summit…they probably won’t open or use the 2012 until June and run it to Dec. That’s what it said in the article and I really believe they’ll open up the 2011 and finish the projects.
Q: Do you see it going on?
A: Right now, I don’t - -I promise you he’s (?) trying.
March 10, 2012 at 5:43 PM
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Q: I’m stuck on tag accounts. If you keep your money in a non-interest bearing account you will have it protected.
A: Yes, but if the bank goes under, how you going to get your money ? You’re not going to be that exposed.
Q: I’ve heard on some sites there are whales cashing out.
A: I’ve heard that since 2009 – that means guys who paid 3-4-5 million are supposed to cash out – that’s so much BS it’s funny. They’re actually lying to you…every time you ask to show them….they don’t…they can’t. How do you know about it if they’re so big and private?
Q: Talking to private banks, many are wondering what we’re holding in dinar…I’m nervous about telling them about that right now. Should we?
A: He’s bonded and he can’t reveal what you’ve got and don’t think that’s an issue, but that’s the cart before the horse, so why spend all that time with it. It’s not that tough, just be protected and you’ll have oodles of time to take a vacation..so just breathe.
Q: This person was very nice and I had opened accounts and then transfer accounts over.
A: A lot of guys are telling you things that’s not really going on. They don’t ask for are receipt – nothing – it’s currency, guys.
Q: What about getting your names of driver’s license…never use your home phone again…that’s hard to do!
A: What that’s about is about keeping your family and friends.
Q: Does anyone have any control other than Shabibi to do the RV?
A: NO – NO – NO – Maliki has dragged his feet not getting his government in order and as soon as it’s in play, the RV will happen.
Q: The September article?
A: That has zero to do with the RV….it could happen tomorrow but they’ll still have to get the bills off in Sept.
Q: Purpose of the National Conference or Meeting?
A: It has to become law and Maliki loses his deal…there’s going to be an announcement.