KTF's COnference Call Notes

KTFA SPECIAL WEDNESDAY NIGHT CC 15 April 2015

** The comments made by Frank26, Delta, TopShelf and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! **

PLAYBACK LINK: https://www.freeconferencecallhd.com/playback.html?n=OTQCw/jhrVC

FRANK: TopShelf and Delta will both be joining us tonight

Please get your notes out. It’s been about a three part sequence [Mon, Tue and Wed CC’s]

TopShelf looks at the spreadsheet of the CBI, and he has the ability to really understand spreadsheets. 

TOPSHELF: Some of what I’m sharing is on the 50’s and 100’s.
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DELTA: How are you doing today!!?

FRANK: Go right ahead …

TOPSHELF: Last night we talked about the reduction of notes and removal of the zeros.

It was very interesting today that articles are appearing.

They are talking about what we talked about last night.

If you look at the numbers on the spreadsheet (even the ones that you can’t see) … if you are convinced that the removal of the zeros, or the “notes” or “note count” – do not let the words fool you!

Reducing the amount of notes does nothing to raise the value of the dinar.

The removal the actual dinars out of circulation that affects the value of the dinar.

In other words, what you are seeing in articles now … is it been vague … and now it is narrowing down.

The numbers are showing. Let me use the 10,000 note for an example.

If you think they’re bring in 10,000 notes to reduce the note count … that’s no different than removing ten-thousand “1-dinar” notes.

It does absolutely nothing.

People need to understand that what raises the value is removing the dinar out of circulation.

By removing it out of circulation … it brings more value to the dinar.

The other thing they are doing is … (which I’m sure that Delta probably has a little for us on) … is if you bring in and take currency out of circulation … within inside of a monetary system … I’m talking about the Federal Reserve … I’ve been there physically and seen it.

Seeing what they do with the machines that pull out the notes that are damaged or torn or counterfeit … they remove it.

If it’s counterfeit, they remove it … just like it was never put in. So it’s just documented and then disposed.

If it’s a damaged bill, they can remove it from the note count.

If they don’t put something back in … then the note count … the value actually goes up … because the note count went down.

So it would be very, very much in the CBI’s and GOI’s interest to know that the note count …

They have a couple of tasks that they are accomplishing and have accomplished.

They are reducing the big 3 zero notes – (because they’re able to put in lower denoms without affecting and devaluing the value of the dinar – which would be counterproductive – if they just throw it in. This is what you would do to see the value not decrease … but increase.

Also if the value increases in the dinar your less likely to have the larger notes in circulation.

With the value going up … that currency wouldn’t have a place in the everyday business in retail … citizens of Iraq … even so digitally.

It’s very ironic that also that news articles came out … overnight … about the of the USD and Iraq.

Everyone understands they are going to have a US dollar. They may need it one day, and may not need it the next day.

But you have to understand what the mechanism that it is and what it is doing for the CBI … which is for the people of Iraq … and the monetary and economic policy of that country.

It is kept as foreign currency in the country of Iraq on the CBI website … in the spreadsheet.

It plays a big role … if it’s backed by an asset … as in gold.

It substantiates the fact that the dinar is backed by an asset.

If they dinar is backed by an asset … it becomes a donor - reserve currency that now … by the banking system … you are allowed to put on the balance sheet – to give your country … that holds the currency VALUE!

We seem to be going over a 24-72 hour window … when we go over something … and then it shows up.

The tool that they’re using right now … (the USD) … with the 1st auction that’s taken place in quite some time … what it’s telling you … is that something is happening.

We have not … according the BIS regulations for Central Banks … we have not gone away from anything that is in place … Basel III … right now. We’ll know what new procedures are as we get down the road.

These changes that have been active now for a short period of time … there are certain reason why Iraq is still holding USD and why they would bring in USD.

You have to think a little more past the “myths” and the “conspiracy” of everything that is being spewed-out there in dinar world.

There is more monetary and economic transactions that are taking place that is beneficial to the countries (the GOI and citizens and CBI) and any other “support agency” that is involved – from the World Trade Organization, World Bank … and even the BRICS and the AIIB.

The changes they are trying to implement will come in time … whatever that will be.

What is being laid out … and in the press … and in the procedures and the rules … that is very straight forward.

Sometimes the people writing the articles (or giving their opinion) – may not actually know what they’re really trying to say to you.

It’s interesting to read … the newshounds that put out articles … that is a very big part of you becoming educated … but you’ve got to reconcile it. Just like the CBI is reconciling the torn notes, the USD, the 3 zeros.

The 3 zeros can mean three different things … and depending on what topic you are using that for … it can be one of three things.

Delta … I’m curious to see what you and your team know.

DELTA:   Family … I’d like to give you the report about the 50 dinar and the 100 dinar. 

I can see that some of you are confused … so I’d like to give you the full report.

Remember last week … about the reporters who got the financial news on the Iraqi TV … when he stated that within 2 weeks we should see the Iraqi dinar value very close to a dollar. He also said that there was an “EXPECTATION” for that to come through.

We like to bring you the message/information – just as we hear it. 

Of course no one knows the exact date/rate … except the executive board of the CBI.

About 2 days later we got an article back again … … that they were going to come with the 50 and the 100 dinars in the coming days. Of course in Iraq, when they say two days … it doesn’t exactly mean that. But we were all excited … because we basically know that everything is done. 

Another article came out about the 50,000 dinar and the 100,000 dinar … and again … some of you are confused.

Just to let you know … I’m going to post something up tonight on the KTFA forum … and ARTICLE … dating back to 2012 from BANKNOTE that talks about the Iraqi government / CBI is coming out with a 50,000 worth … but marked a 50 dinar. I don’t know how many people remember that.

So … what was the intention of the CBI? The intention of the CBI was to drop and lift the 3 zero notes. 

For them to come up with 50,000 dinars and 100,000 dinars doesn’t make any sense!

You have to go back again and think about that.

What was the plan of the CBI?

They want to introduce the 50 … the 100 … the 200 dinar notes and of course the coins – which they are going to have about 7 coins … to be introduced gradually – so not to add confusion to the market.

Now in this article … they came out and said SECURITY … that they would issue coins worth 50,000 … now this is the part you need to pay attention too!!!

They are talking about the denomination or the note that is going to come out would be worth 50,000 dinar. 

But we all know it’s not going to be the 50,000 dinars because they already have 25,000 dinar notes … so why come up with 50,000 dinar notes when they already have 25,000 notes? [Obviously] the two 25,000 would equal a 50,000 note.

Very important statement in this [2012] article … if you go back and re-read it again 

First of all they are stating that the CBI intentions to reduce those notes … to reduce the demand for foreign currency and support local currency. 

So for them to come out with a 50,000 dinar note … first of all that’s not going to reduce the demand for foreign currency … it will actually to the opposite. That will make more demand for the dollar. And it won’t support the local currency!

So the only way you can do it … you can come up with 50 dinar … this is what they are going to do family … by the way they are going to come up with a 50 dinar notes … which will be equivalent to $43. 
~~~

At this rate … the 1166 rate … the 50,000 dinar would be equivalent to about 43 dollars. But they’re not going to come up with 50,000 dinar. They will come up with 50 dinar … and that 50 dinar will have the Kurdish language, the Arabic language, the English languages.

And will be worth $43. So that is basically going to give you a rate of about 86 cents. Now if you divide that number … basically every dollar is going to come up 1.16 for every dollar … and that 86 cents is what reflects in what the CBI spreadsheet is showing that TopShelf is talking about on line 131.

Just to let you know that we do have a confirmation that the Central Bank of Iraq … when they know that they got the green-light back on March 3rd … basically to implement the deletion of the zeros.

They already had the model of those currencies ... and they are training/staffing it ... go back again ... re-read that article on March 3rd … from the governor of the CBI that he stated clearly that the bank will be done creating currency models and training staff.

So, they already have those 50 dinars and it looks like everyone is training on them to have everyone used to that part.

They will not introduce the 50 and the 100 at the same time. They’re going to come up with the 50 dinar notes and then make it very attractive so that nobody can use the dollar … especially for Iraq citizens.

In Iraq … the most popular note is the $100 bill. So if they come up with a 50 dinar note … that will be fairly close to $43 - $44 … if you bring two 50 dinar notes … that will very close or equivalent to $100 note.

This article is stating … translating in Arabic … clearly stating the intention is to attract the Iraqi Citizens to the dinar … and away from the USD.

Are they going to increase the rate first? No.

The rate of the Iraqi dinars has to increase to .85 or .86 cents … and at the same time they should introduce the 50 dinar.

About a week ago … one leak came out of a Kurdistan newspaper … and someone said that they saw the 50 dinar note is ready for distribution. And they looked at it, and said that it had the Kurdish language on it.

We all know that there is a lot going on behind closed doors. They are ready to do that and the second question is are they going to wait until they basically collect all of the [old] 50’s which are due to expire by the end of the month?

It’s possible that they might do that … but they might not … because remember family … because you hardly see 50 dinar notes inside of Iraq.

They might wait … a week or 10 day before they pull the trigger. They don’t want people to go and counterfeit the old 50 dinar note.

Also … old 50 dinar notes that are surrendered at the bank are deposited as a digital transaction.

We are expecting … based on all of this information … it looks like the 50 dinar note is ready and could come out at any time … BUT … they cannot introduce it without changing the rate first.

Hopefully that clears some things up.

50, 100, 200 … basically introduce those gradually to the market.

Based on the BOOKNOTES article from 2012 … shows you clearly what the CBI was planning on doing … to fix the liquidity problem in Iraq.

FRANK: Hey … I just want to congratulate the both of you! Thank you very much!

I pose the question … they are telling us … and TopShelf can see this … about lifting the 3 zeros … bragging about it.

Not talking about removing the zeros from the streets. Those notes are worthless and beat-up to shreds.

So they decided to go from one end of the spectrum to the other … working on the MR.

They brag about it.

To see the spreadsheet … and to have TopShelf’s team see that somewhere around .85 to .85 … to a little over a dollar … in their mathematics … is the mirror image of lifting the 3 zeros.

The old 50’s … they told them to get rid of them by April 30th.

Take all these things to God in prayer. Don’t get overly excited … this is Iraq for heaven sakes.

You can see that the MR is moving along very nicely.

This is a very important conference call … and I’m afraid that the listening audience doesn’t understand what we have.

TOPSHELF: What we’ve seen is a 90 day progression of the CBI and the GOI getting the dinar in order.

They have to say the 50 dinar Fil and the 100 dinar Fil is thousands right now … because a dinar is a dinar – no matter what shape, form or size. It’s still a dinar. It’s the value of that dinar.

When they remove the 3 zeros … that’s what that Fil’s going to be worth. It goes from .05 cents on the 50,000 dinar note or the Fil … remove the 3 zeros … and it’s now a 50 dinar.

You can’t have that other 50 dinar note in circulation because you didn’t remove 3 zeros off of it.

You’re turning a .05 cent note into $43 using the formula that’s out there. Ok? But there is a reason why they are doing it. They can’t have that 50 dinar Fil be a 50 right now. It’s gotta be 50,000 because when they make the switch … it’s going to mean something!

And the old one’s out … because they DO NOT want the old one sitting in the system.

So, take that process … and follow it to the next note.

Every single one of them is going to have a face-value on it … and you’ve got the value of what a dinar is regardless to what the note is. What the count is. And you get the value based on how many dinars are in the system.

They’re already in the system … so that people can say that the dinars not … that they can’t afford it … that they can’t do it cause the dinars already in the system.

So where are the assets? So where are the liabilities? The value’s there! They’ve been showing it for quite some time on the spreadsheet.

It’s not really a magic-show that they are doing. It’s really straight forward.

FRANK: Delta are you there?

DELTA: Thanks everybody! I’d like to tell the family … we have more and more progress. I did post the article from 2012 … it shows you exactly what they’re intentions were … but we believe that due to Maliki and different tensions … that the IMF, the World Bank and the US didn’t that to go ahead until they could get rid of Maliki. Iraq is having a big issue with liquidity.

Reports are that they expect to see the rate change at any moment!

It’s all good news … all great news!

Abadi meetings … with all of the banking officials … activating the currency reform.

Iraq is moving towards the market economy … currency reform. They must activate the private sector.

The international QiCards … they have not done yet.

I expect at any time for the CBI to increase the value at very close to a dollar.

Stay strong … let’s see how this plays out! We’re see you in Hawaii!

FRANK: Thank you for what you have done. 

Frosty … please consolidate the notes … Mon, Tue & tonight’s notes … keep them separate obviously so they can be distinguished as separate dates but put them up sequentially in a row 1, 2, 3 on our new thread.

We tried very hard this Monday and Tuesday to tell you some things.

You all ask for a date/rate … the CBI website shows you … the spread calculations of .85 … no more “sucker bet” … to about a $1.27 … at the very highest $1.35. 

What’s the date? Well … they finished collecting the 3 zeros … and you see they are now working on the opposite end of the spectrum … 7 coins … the 50 … they work with the lower denoms under the 50. They’ve give the citizens until April 30th to turn in their old 50’s before they’re null and void! Wow!

TOPSHELF:  When you think about the 50 dinar note … you have people on the fence on two different directions. 

This is really amazing. Because if you watch what they’re doing … and you go look at the numbers … it’s very clear what they are doing. 

But the people who say that right now … “well by them pulling the 50 off of the street, it doesn’t make any sense to do that if you’re going to raise your value” --- that’s EXACTLY THE PURPOSE AND WHY AND WHAT THEY WANT EVERYONE TO THINK! 

Because they’re not applying everything across the board on the value, the note count … and what does note count mean? Not the value that is on the actual note … the note count of how many dinars are in the system. 

What they’re done is exactly what they needed to do – otherwise it would fall apart … and they don’t want this to fall apart.

FRANK: They already gave you a rate … and a date … thank God they did … because I didn’t!

Thank you Tink for sharing our anniversary with those in need!   

Call ended with prayer.

No KTFA Premium Team Chat tomorrow night.