The big story of the day, other than the mess in Iraq was the revelation that central banks bought 29 trillion USA dollars worth of equities.

Posted on June 16, 2014 by V.K. Durham

The big story of the day, other than the mess in Iraq was the revelation that central banks bought 29 trillion USA dollars worth of equities.
Again, Bill’s commentary is extremely important as he deals with this issue!

Enjoy..

(courtesy zero hedge)
How did this happen?

The Financial Times did a story over the weekend entitled “Central banks shift into equities”. Zero Hedge put this up Mondaymorning in responsehttp://www.zerohedge.com/news/2014-06-15/cluster-central-banks-have-secretly-invested-29-trillion-market . The Official Monetary and Institutional Forum now says that central banks have invested $29.1 trillion into the global equity markets. Before going in to this, now we have a better understanding of how or “why” stock markets are “up”. We wondered how the markets were going up because everyone, EVERYONE so far this year has been reported to be a seller. We wondered where the money was coming from to propel prices higher is everyone was selling, now we know.
I will give you a little perspective on this $29 trillion dollar figure because big numbers are thrown around like penny candy these days and we have become numbed (dumbed) down by such huge numbers. My point is this, there is no longer any shock value to any number no matter how large it is.
OK, in perspective, the value of all stock markets on the planet added together are about $62 trillion, now it is revealed that $29 trillion or so has come from the world’s central banks. How did this happen? Do central banks have an extra $29 trillion to throw around? The answer of course is no they do not …unless they just print it up and presto …there it is ready and able for whatever folly they choose. For a little more perspective, the Federal Reserve supposedly has a total balance sheet of some $4.5 trillion or about 15% of this $29 trillion (I dropped the “.1″ because it’s only $100 billion). But, this $4.5 trillion is all accounted for as being invested in Treasuries, agencies …and some “junkier stuff”. Please don’t tell me that the worlds central banks are doing something that the Fed is not… or worse, the Fed is doing something that they are not admitting or accounting for!
Do you understand what this really means? The Fed (central banks) own nearly 50% of all stocks. This means that yes, stocks are REALLY manipulated and the tin foil hat crew was right again. It means that central banks can keep on creating fake money and putting that money into stocks to create fake(r) values…or …they can tank all of the stock markets worldwide at will with the press of a single button that has the word “sell” on it.
Going even further down the rabbit hole, this means that central banks own nearly half of the equity in all publicly held businesses. It means that by simply printing money, they have “privatized” the world! Of course, there is no telling as to when exactly this scheme started but let’s assume that sometime late in 2008 or early ’09 would be a good guess. The markets needed support AND it was a good entry level. Maybe this was something that “just happened” and then morphed into its current size? Maybe it wasn’t on purpose? I doubt this is the case as everything is orchestrated today, as the CIA is well known for saying, “there are no coincidences”. Who will the central banks sell to if the want out? Ahh, but why would they want out when they hold almost a majority position of the entire world.
So, we have wondered how the stock markets have done what they done and we wondered how in the U.S. the markets have done well while the Fed has tapered their QE by $1/2 trillion annualized. Now we know, $500 billion is a pissant number that has been camouflaged by other, massive buying. Gold investors have also “wondered” how gold could go down in price while physical demand has far outstripped the actual supply. “We” have told you how for a long time now, all the while being called tin foil hat wearing conspiracy freaks. We told you that at least 100 ounces of “paper gold” were being created to divert capital away from the real thing. We told you that these paper ounces were being used to “dilute” the real thing and hide what was actually happening. Do you believe us now?
Now that it turns out that an extra $29 trillion has been printed and “put to work” you must ask yourself several questions. First, if it was so easy to create all of this money (in the dark) and it is so plentiful, what is the money itself worth? What is it REALLY worth? Also, if the markets are where they are because of “unnatural” buying, where would they be trading on their own? How much lower? If gold is priced where it is today because there are 99 fakes out there for every real ounce then what is a real ounce worth if it is actually 99 times more rare? An even better question is this, if central banks were the sellers of real tangible gold for so many years and the conspiracy nuts are correct (as usual it seems lately) and the coffers are low, THEN what is an ounce worth?
Let me ask this question in a slightly different manner. If the West’s central banks have very little gold yet retain the ability to print money and suddenly decide that they would like to stack some of the “lost” gold, what would that do to the price? Or even differently, if money supply approaches infinity and gold reserves approach zero…then what price? Is the answer not infinity?
I hope that this revelation sinks in mentally for you. If not, please reread this because this is what it’s all about. You have been beaten over the head for at least 2 years to either sell your gold (and silver) or at least don’t buy it. It has been a psychological operation aimed directly at your finances through your emotions. Hopefully it hasn’t worked. If it has worked, then it is your job to “un” work it. Stand strong, buy more or buy for the fist time, we now know that we are (and were) 100% correct, nothing should get between you and your insurance policy! Regards, Bill Holter

Bill Holter’s first commentary deals with Iraq. It is so important so please take your time with this terrific commentary:

(courtesy Bill Holter/Miles Franklin)

http://www.nesaranetwork.com/2014/06/16/the-big-story-of-the-day-other-than-the-mess-in-iraq-was-the-revelation-that-central-banks-bought-29-trillion-usa-dollars-worth-of-equities/

Comment:

One thought on “The big story of the day, other than the mess in Iraq was the revelation that central banks bought 29 trillion USA dollars worth of equities.”

1. Reply

Dan on June 16, 2014 at 8:17 pm said:

The Elite are trying to maneuver the selling of the Dinar into Dollars before the public and then trade them for other legitimate currencies or just buy many things before we do and then when the Dollar collapses and all the Public Dinar sellers have the money in bank accounts the Dollar will collapse to ZERO and you will need $100,000 to buy a loaf of bread.
If you join the world countries into this then you can scam everyone, NOT just the USA!
This is where you will need the Mark of the Beast to Buy and Sell, but we Christians should be able to accept it or NOT!

Nest Gems - America, Welcome to the Fourth Reich

The Rumor Mill News Reading Room 

Nest Gems - America, Welcome to the Fourth Reich

Posted By: SARTRE
Date: Tuesday, 17-Jun-2014 07:45:15

American Fascism did not start with World War II. Before Operation Paperclip, the codename under which the US intelligence and military services extricated scientists from Germany, during and after the final stages of the conflict, the annals of internal despotism were well established. With the open door policy for German engineering, the political ideology of state worship was bound to travel across the Atlantic.

http://batr.org/gulag/011512.html

Intel Guru TNT Tony

6-16-2014   Intel Guru TNT Tony  [via Adept1]  You should be at the bank right at this moment. But the schedule was blown apart.  I want to give more details without getting us in trouble. Okay, lots of money at stake. It's Maliki's last day/week in office and things could get out of hand. Some could take money that doesn't belong to them and run. Some could be forced into those situations here at the last minute.  It has gone as far as some reaching out to others asking for help to protect their money. Those issues had to be worked out and a deal was put in place.  [post 1 of 2....stay tuned]

-16-2014   Intel Guru TNT Tony    A month ago, two weeks ago, Friday we didn't think we'd have to wait for the new PM.  But it's now part of the new agreement and it's not going to be weeks or months. We're getting calls from people over there telling us it's not like what we're seeing on TV here. There are some things going on but not like that. We are still in a good place and things are moving along very fast. We are almost there.  [You think we have a good opportunity for this week?] Yes, you should have been in there this morning.  If I have to give a back wall, it would be July 1. But the plan isn't for it to go that far.   [post 2 of 2]

-16-2014   Intel Guru DC   [via Adept1]  Bottom line is that a very last-minute agreement was reached at the very last minute to not release this to the public until the GOI is seated and going through. They wanted a smoother transition. We understand that's any minute, any day. They are announcing they have the votes and it frees up again when it becomes official and goes forward. [Do we have to wait until 7/1 for them to announce the new GOI?]  They are supposed to announce the new GOI at anytime, any day. Could be at any time. I'm going to say that things are looking extremely good.


http://www.dinarguru.com/

GOOD AFTERNOON TNT! Notes 6/16/14- Monday

GOOD AFTERNOON TNT!   Notes  6/16/14- Monday

We have had a tiring day already, info coming in left and right.  I didn’t have the greatest Father’s Day ever, like I expected it to.  There was even a schedule for this weekend. That’s how enthusiastic we were. A reason for the madness we are experiencing today – unfortunately there is, but we are still going to get paid. 

DC:  All frustrated. It should have gone through.  What happened -a  very last minute agreement at the very edge to not release this to the public until the gov’t was seated and goes forward.  To make sure no one gets any wise ideas with this much money.  They have the votes – as announced on Iraq TV.  It was literally in the process of going again and they did a last minute change. 

About Iraq: what’s being seen on US TV is there are a lot of different perspectives on what’s going on, some things being broadcast all over about the insurgent stuff. 1700 people walked in and 40,000 Iraqi troops left.  Those who remember back in late July and August, massive demonstrations in every camp, going nuts about “you keep promising us this” and once the Q cards were loaded with new rates of dinar, everything died down., Same that will happen this time, a lot of things will be relieved when the RV goes. Some bad apples?  Yes, they are doing bad things.  Not necessarily an epidemic, but does have some concerns.  It’s not a country that is ripped apart already.  They can solve 90-95 % of the issues with the RV.

T: Going back to Friday, want to give you a better explanation without getting me in trouble.  Lot of money at stake, it’s Maliki’s last day in office – things could get out of hand. Some could take money that does not belong to them and run. Some could be forced into situations with this money.  Some think that because they helped to get this somewhat going, that they should get the reward – has become a sticky part. Certain people reaching out to Big Brother to ask for help in protecting their money. 

We should have been at the bank right this moment, and the schedule got blown apart because of the possible issues in Iraq. So we helped to alleviate their concerns by waiting a little longer – until the new gov’t is put in place.  RE: what we are seeing on TV, we are getting calls from people over there saying it’s not like what we are seeing on TV here.  Were told old footage was being played.  There is a purpose for this of course, but we won’t talk about that.  Things are moving along a lot faster than you think.  It has been one heck of a day, and we are still in a good place to get things done. 

Last Friday night at 8-9 pm, the bank people were all called in. Now they are told to go home until July 1st.

Caller:520-  T: Sometimes I understand the frustration.  We are encrypted.  There are some people out there who are not supposed to know what’s going on.  You guys can actually pick up some of the things I am saying. 

T: In case we have to do it in the future, I put out a tweet that says Everything that glitters is not gold, or all news isn’t really bad news.  People don’t understand my being cryptic.  News over Iraq was going on  and it sounded bad.  All of that was planned, staged.  It went faster than what they expected and it got out of hand.  It was decided to let them feel some pain, just was more pain that what they thought they were going to feel, but it got the desired results.  None of this was by accident. 

DC: No one wanted anyone hurt or killed, but we did want for the gov’t, country to grow up.  Well-executed election, that’s what we all wanted to happen. A lot of things are under control that are not being put out on US TV for very good reasons.  T: Don’t believe everything you see and hear. 

Caller:617- Q: Do we have to wait until July 1st to announce the gov’t? 

DC: They should announce the gov’t at any time, any day. Now it’s an interim gov’t keeping all running, just waiting for the official results of who is in charge.

Caller:404- Q: Is the RV announcement still holding or is it just going to show up? 

T: They didn’t want it to be an announcement. They just wanted it to show up.  You will probably see it and then hear about it on our boards.

DC: What will Maliki do himself?  It’s highly unlikely he will be the PM.  There, they form a coalition gov’t. In Iraq there are many more coalitions.  There is a lot of horse trading going on.  Combining the votes of each coalition to have enough to form a gov’t.  Some with the most votes will put their guy in as PM, and the next group with the highest votes will put the next highest guy in.  There are encouraging to get everything done quickly. 

T: We know it’s 220 votes – that their new guy thinks he’s got.  Everyone is accepting that except for Maliki.  Even though officially his time is up this past Sunday, the new guy can come up any time.  This guy wants to unite the country regardless of the religions and he wants them all to become Iraqis.  Unlike their past history, part of his agenda is to unite the country, wants to bring them into the 21st century, remove the guns off the street, give them their money. 

DC:  Months ago, they had a million person march in Baghdad, several hundred thousand people rioting and protesting in other provinces.  Within literally an hour, 90% of this protesting went away.  That was before and today it will be the same, once the RV happens, things will move swiftly to the positive, and these skirmishes, fights, battles will stop.

Caller:830- Still looking good for double digit rates? 

T: Could come out in single rates and then go up there in my opinion.  Contract rates?  They did not talk about these.  Dong is still in there.

T: We should have been in there this morning, things have slowed down a little bit but we are still waiting for it any time.

Caller: 903- 

T: If I had to give you a back wall, it would be no further than the first weekend in July.  IF the gov’t is seated, everything is done, announcements, then I think it will go at that time.  If it went until the 1st, then it would be a couple of days only.  If things fall into place as they are supposed to, then it will be ready to go at that time.

Caller:720- Q: Is it still feasible that the US via Bush in 2003 bought trillions of dinar to pay off the US debt? 

T: Yes. 

C: Will Obama pay off the debt. 

T: It will be used in other ways, too complicated to explain how it will all play out.  It will be like – there will be 2 sets of books, integrate it in slowly as things get better – and it will look like a natural process. 

C: Fed Reserve taken out or high hopes? 

T: High hopes.

C: If it goes in June now, would taxes be due July 15th?  And how will you estimate them? 

T: I don’t’ know how this will play out, we don’t know the tax rates, who knows.

Caller: 410-

T: This morning it was a ride, esp. following this weekend when there was a schedule of things to take place. 

C: As it stands right now, what’s going on now in Iraq will not affect the RV? 

DC: That’s correct. A large number of people in power believe the situation in Iraq will expedite it to happen., 

T:  Up until last Friday, what was going on in Iraq was not affecting the RV.

DC: Their main complaints will be solved. There will still be some bad apples. 

T: It’s going to happen, will not affect the rate, but what it HAS affected is the timing. 

C: Still a week or two? 

DC: Probably, but not more.

C: Does the VNN have a contract rate as well? 

T: It does have a contract rate, when you set up your appt., you can talk about that then at the bank.

T: The Forex rate, int’l rate, is what will start out lower and go up higher, and then settle down lower, so you have to know when to exchange, based on the highest of these rates.

Caller: 252-  T: July 1st is the date they wanted all of the time, and everyone was trying to push and get it done prior to that date. It could go to July 1st, but hopefully sooner.

Caller:301- RE: Currencies in baskets,

T: Hint: some currencies in basket 1 may show up again in baskets 2 and 3.  There will be more than one basket.  IQD, VND, RUP, ZIM all in the first basket.

Caller:636- Been in this for 5 years, listened to you for over 1.5 years.  If all this going on in Iraq is supposed to be nonsense, why is Christine Lagarde going to be on Fox business news in 5 minutes saying the that Iraq thing was going to affect the oil in the US? 

T: If it WAS affecting everything, she wouldn’t be going on, if it was going to affect in a negative impact, she wouldn’t even bring it up. Why wouldn’t our own President come on and tell us this, instead of her. (He is implying that if this was really bad in Iraq, she would not be the one to tell us, but our own President.) 

T: The IMF, BIS, even the World Bank are all ready to do.  Even Iraq was ready previously.  At that time, the US was holding it up. And they have their own reasons for holding it up that have to do with the future of our country, so we can’t fight that.  We can only fight if some are exchanging and we still don’t get to exchange. Maliki was put in by the US and they are now removing him.

DC: There is a lot of diplomacy going on right now in Iraq.

Caller:239- Suggest that Tony record the call post RV for all to listen to the calls and get the procedures. 

T: I agree, still getting more word that it may change, have a different procedure.  Until we actually get the package, I can’t really tell you guys what to expect.

DC: I think there is a lot of concentration on making sure this gets done, and we are not in the loop of all of this, and don’t know what they will give us.  We very much want to help, but right now we are getting some really strong mixed signals from folks that have different agendas and want us to say this or that, and it’s not very clear right now.

C: Can you notify on the Blast from Tony when the call will be?  I don’t have Twitter.

T: Sure we will do that. WE will do the Tony Blast, the Twitter Blast and post it on the other 3 sites, I think.  I’ll see as we are signing the agreement how we will work this out. 

C: What about the market rate? 

T: Whatever rate it came in on, I think the market will push it up for a few days.  I can tell you right now.  Look at whatever Kuwait’s rate is right now and it will be close to that – and you don’t want to buy when it’s coming down. Kuwait’s went up to about $10.00 and then settled back to about $3.22 or so.  As it’s going up, the market rate will probably go up to some extent. 

T: We have people in Wash. DC , in Iraq, still giving us info. Even here we have other gov’t agencies supporting us, who have our back.  I say thank you to all who have supported us. 

C: New Prime Minister? 

DC: I won’t mention it, just in case because everyone is so bloody sensitive, but very much a peace maker, has that reputation..

T: There are a lot of happy people there getting this guy.

Caller: Some Gurus out there over the weekend who supposedly have a lot of intel and seem logical.  One guru said there won’t be a GCR and Dong will not RV. Such a huge discrepancy and it bothers me.  This guy’s initials are BGG. 

DC: Not familiar with that person, I am not online.  The Dong, etc.  - I don’t have that many Asian contacts, but we do have 13 or more banks across the US who don’t know each other and they are all seeing the same thing – on the dinar and the dong – throughout the entire US.  It doesn’t take a rocket scientist to figure this out.  If the rate goes up on the screen by a few thousand times, then something is changing.

C:  What does Iran have to do with Iraq right now? 

DC: Little history – Iran has many religious ties and leaders of Shiite and Sunni that cross borders constantly.  What is also happening is Iran does not want an unstable Iraq. Iraq wants to play well with its neighbor, kind of awkward when you have a large border connection,  They have been supporting bad buys in Iraq for a long long time, part of the issue.  There is some trade also going on,  Iran wants Iraq to keep things calm, and get along.  T: The real issue is Mexico can stand on their side and shoot bullets into Texas.  Iran has lots of sanctions by the US.  Maliki helped to assist Iran in alleviating these sanctions.  Iran took him in, and they will get away with whatever they can get away with.  Maliki couldn’t decide what side he wanted to be on.  It’s convoluted and you have to be in the moment to know what’s going on with thee 2 countries.

Caller: 636- Did the RI really happen with Maliki to help to get him reelected? 

DC: RI happened on April 26th.  Went through and  really confused the hell out of everybody.  Confusion, horse trading, etc. which had it rescinded.  It was a pretty good move by the politicians and around the world to get that cancelled – overcome by events, cutting deals and finally one deal was to rescind this because the RV was coming. Then Maliki tried to – in greed – get a little too much – a deal in place and tried to get more - and it backfired on him.  54 times it was stopped.  At the very last minute, what happened was some extremely high level diplomacy came in and said make a trade – you don’t pull it off right now, the interim gov’t gets put in place first and then the RV. 

It pretty much sounds like to me that we have to wait until July 1st.

T: They have been asking for this date since January and it pretty much is getting to that date.  If not, it’s close enough. 

Caller:650- T/DC talks about the seating of the new gov’t and it will be announced before June 30th, I think.  I know it’s scheduled before then, and I really expect the RV right afterward. 

DC: The old gov’t ended 6/14/14.  A real issue right now with the distress Iraq is under.  What happens: the election results are formally announced.  They have the deals cut but it has to be done in a formal fashion.  They don’t take very long about 4 hours. All of the horse trading is occurring before that point. 

T: The results of the election have been put out today, I am reading it now. 

Caller:585- RE: our news coverage.  No one has mentioned anything about the election that happened in Iraq.

DC: They are not covering it.  Maliki is out and they still refer to him as Prime Minister and in charge. 

T: Canada and Europe get more news about our country than we do – because they don’t want us to know about it. It’s always the gov’t who tell us what they think we NEED TO KNOW rather than what we want to know. 

DC: It happens a lot, research was not done to get out the correct news. 

T: Those who listen to the calls are getting the most up to date news from Iraq, not our news agencies. They are using old news film and footage.  Not that there are not some issues there, but they are not taking over the whole country as our news implies.

T:We wanted to come on later to get the right info on what’s going on.  What happened Friday and over the weekend, we were really getting excited with the schedule of events put out, but that did not happen. It still looks good, time is on our side.

DC: We understand everyone’s frustration about this last minute thing that hit everyone on the backside. We are getting some extremely conflicting information on our involvement in the post RV process. We don’t know if we will be involved in the process afterwards, It might have changed, or in the process of changing. It’s beyond our control.  Those folks in charge of the process – we have to get a clear answer from them what might be expected from us.

Pam: You have heard a lot from us, remember what you have learned, think about it, take some time, don’t be the first mouse.  Don’t spend it all at one time. 

T: We need time to get our own things done so we fully understand it, esp in this point in time.  Let’s do it right.  Have a great day and hopefully we can do it all again.

END OF CALL

Intel Guru Frank26

6-16-2014   Intel Guru Frank26   If we have SECURITY and STABILITY then watch the OIL of IRAQ flow like LAVA.  The KURDS are in control is not just a catch phrase...It is A PLan.  Articles are good but the KEY is we are BACK to the end of o's [Obama's] mistake in 2012.  As if our USA Troops never left.  Article 140 is alive again. The cost for oil goes up and so does the SALE of it? Not ironic...A Plan.  Back to the end of 2012 when o made his mistake to pull out of Iraq TOO EARLY!  USA TROOPS...Only...BACK in Iraq.  A Plan!   IMO, MR (Monetary Reform)  Dominoes are falling like Giant Redwood Trees.

Dinar Intel

PAPAJACK POST FROM OOM CHAT 06/16/14 EVENING

  Cindieloohoo Yesterday at 7:17 pm

[Papajack] I just wanted to drop by and let everybody know that as I was ministering prophetically to another dinarian the Holy Spirit spoke and said IT'S OVER!!!!! WHOOO HOOO!!!!

[Papajack] It has been a glorious day!!!!!!

CHADWICK UPDATE, 17 JUNE

Stagealpha Forum:

Chadwick: between Friday of this week and Friday of next week. about  Eight days you should be in the PUBLIC EXCHANGE.......C

Publicado por FORO DINAR GURUS en 8:34 PM

TONY'S CALL NOTES IN BRIEF, 17 JUNE

@THE_TNT_TEAM: Frank26 is telling you what I hinted at on the call today. Guess it's public information now. Time to get ready to party. #wearethepeople
*****************************

Tony's call notes in brief - the last of Adept's transcription: Tony: I don’t think you’re going to wait until 30. June. I think a new government is going to be formally announced and you will see an RV and CGR immediately after that… (deleted text)…They put the results out today; I’m actually reading it! That’s really good news – the basic hurdle….

Franks call, live stream: http://new.livestream.com/accounts/7854492/events/3104291

mention on the call: 
From Fox Business news a clip from Stewart Varney who specializes in Iraq is reporting that the news on the ground is grossly being misreported. He is boots on the ground, and he considers that IRAQ is the best place to invest in right now.

Publicado por FORO DINAR GURUS en 8:12 PM No comments:

Mnt Goat Post Emailed to Recaps Monday Night

06/16/2014

2 Comments

 

(Thank you George for emailing this to Dinar Recaps.)

UU8832 A Critical Week

Hi Everyone,

I come to you today to give you an update on why we have not yet heard of an announcement of the formal election results and how this relates towards the international rollout of the IQD for Iraq.

Today’s News In today’s Iraqi news it stated the Federal Court ratified the results of the parliamentary elections.  A source at the court said in a press statement that the Federal Court ratified the election results except for 4 names that have been postponed. Who are these 4 names? Who is going to be the candidate for the new prime minister? Who will be selected for the new president?

Christine Largarde Video

http://video.foxbusiness.com/v/3625634676001/christine-lagarde-any-oil-shock-from-iraq-could-affect-us-economy/#sp=show-clips

VERY BRIEF OUTLINE OF FRANK'S CALL

VERY BRIEF OUTLINE OF FRANK'S CALL. No guarantee of 100% accuracy - please forgive typos - Aus English spelling - not US.

Frank's call ..

Disturbance in Iraq is a sham - done to show unity in Iraq.

No animals were hurt in the making of these films ..

Chalibi is new PM - now announced.

Parliament is being seated.

Oil is increasing in price to maximise profits to both Iraq and USA.

Kurdestan has recovered it's land taken over by Iraq - without bloodshed.

Situation was engineered to bring a whole lot of outstanding issues to a head - Frank says the whole plan has been brilliant!

Two generals of Maliki have run away ..

Almost genius the way this has been handled ... Maliki has done a deal with the USA for protection.

PM and Parliament ... and new international rates are now coming together ..

IT report.

They are getting ready to announce new PM - SOFA re-signed with new PM - ready to announce new parliament.

Have been some out-of control demonstrations. Disturbance by Iraqis - all have been dealt with.  “Robbing of banks on Mosel" - nonsense - no cash in bank - all electronic. Reported as having stolen money from bank.

Shepherd Smith - US network - like "Iraq disaster is a smoke screen to get US back into Iraq."

Delta1

A lot of false information - do not believe the news. Has been done on purpose.

Dash and ISIS - bad groups from Sryia - mainly Sunni - extreme Islamic group. No plan, aim is just to create chaos and destruction.

Mosel run by corrupt mayor - against Gov in Iraq - gives false info to media - CNN and Fox - 99% is false - old pictures.

Want to show Iraq as collapsing - Saudis partly responsible - do not want a democratic Iraq - especially with a Shia gov.

Iraq has not seen peace for many years.

Sistanni is most powerful Islamic figure in Iraq - asked people to unite and to help take out the dissidents. Has unified Iraq and all are now supporting the new Gov. There are many GOOD things happening in Iraq now.

Already cleaned up a lot of dissidents and trouble-makers and bad people.

No problems inside Baghdad. Bad information coming out - on purpose.

US is main source of false information - trying to dissuade people from going to Iraq. Many people have sold their IQD thinking that it would now be worthless. DO NOT LISTEN TO ANYTHING FROM THE US. THIS IS INTENDED AS A MAJOR DISTRACTION. Iraqis are now united in a way they never have been. Bad guys have light weapons only. They will try to totally destroy Dash and ISIS - everybody is united to destroy these groups.

Saudi Arabia does not want Iraq to sell oil in competition to them - 10 million barrels per day from SA - this will soon be reached by Iraq - heavy competition and upset of status quo in ME.

Fed court ratified election results.

New parliament to sit by June 30. Within 60 days from June 30 new government should be fully operational. CBI may still take some 2 more weeks to release RV.

Fox business news - Stuart Barney - talking to B. Bull - economist - saying news in US is grossly out of touch with facts on ground ISX has stablished. Says Iraq best place in world to invest - 3-5 years 200 - 400% earnings expected. Has world's fastest growing economy. Has good stability. Max of 4,000 insurgents - most are imports from Chesnea - impossible for them to hold power.

This will be the best thing ever to happen to Iraq - now totally unified and united. If damage was intended it has had the exact opposite effect.

Have been massive numbers of volunteers to protect Iraq. Last few days have had over 100,000 new volunteers for army. Dash and ISIS funded by Saudi Arabia - intending to de-stablize ME in favor of SA. SA has disgraceful record on human rights. American people must wake up. US hates Maliki but approval rating for Maliki is higher than for Obama in USA - US media has demonised maliki. US citizens must realise how much disinformation they are being fed. SA is THE most dangerous place in the ME for world stability.

Obama is far worse than Maliki - by far. US has to wake up.

Frank believes gov announcement will be tonight or tomorrow. US back in Iraq - and that was the plan - Kurdistan have got their land back without bloodshed.

Frank - asks questions.

We passed the 15th will we see a seated Gov in June?

Eagle1 - IMO by 28 - 29th June.

Delta - No gov seated in June. Parliament seated in June.  Gov will not start until end of July to the middle of August. But this has nothing to do with the monetary policy. CBI can RV at any time - fully authorised to RV at any time they wish - very likely within the next 2 weeks - was told that a major announcement near the end of June.

Frank parliament seated before the end of this month.

ISX international on July 01 - will need real value.

Maliki in caretaker mode.

Turki said middle year major changes will happen to currency.

Expect announcement this week that political situation is under control - ie stability.

We have to hear something VERY important to be announced in next 2 weeks.

Delayed issue of Qi cards that were to be issued last weekend - waiting for RV?

All laws relevant to RV have been passed and processed.

Qi cards when issued will be international at the NEW RATE - contractors are being held up using these cards.

Islamics have great faith in their clerics - clerics can unit or tear apart.

Eagle1 - question to Frank or Delta.

Will Kurdistan ever become independent?

Delta - no - constitution blocks this. Needs new constitution before this can happen. About 80% of oil wealth held in Shia region - only about 20% from Kurdistan. They cannot split - would need whole of Iraq to agree to cessation by Kurdistan - will never happen.

US is backing Maliki because of the real benefits to Iraq by doing so. Not everything you see is true.

But be happy - something very good is going to happen very soon.

Frank - illusions and slight of hand - but lots of progress has been made.

END OF CALL