TNT :Highlights Frank26 CC 3/14-Part 2 with Delta by lillypad, 15 MARCH
Tonight, Delta is going to talk to you about FATCA. It was an announcement made on the CBI website – (Arabic website).
FATCA is a fact of life. Why would our country want to make other countries share financial information about people? FATCA started in the USA and was introduced country by country.
The CBI has made an agreement with the USA.
IRAQ already has a SWIFT code system.
It would NOT be wise to be ignorant of the FATCA LAWS.
How much does the US Government want you to pay (taxes)?
When you do an exchange … you may not see taxes based on an “exchange” … but as an American citizen … do not insult your country by not paying your taxes! I don’t know what the laws are (or will be) … and I don’t know what they will call it. (Capital gain or an Exchange). Our government doesn’t know yet either.
Why do they now prepare for us with FATCA?
If you want to see something & study something … pay attention to what DELTA has to say.
Thanks to all who wished me a Happy Birthday … I turned 46 … but I still feel like I’m 19.
iTeam told me to look on the CBI website because they were expecting something to show up.
On the Arabic side of the CBI website … they took off the 50 Dinar Note and the coins.
New law posted shows prison term for anyone caught counterfeiting IQD.
FATCA was approved a while ago and was created so that people won’t try to hide money off-shore.
There are about 4 to 5,000 investors in Wakra Bank … with FATCA in place, that will stop tax evasion and money laundering.
You may not have to pay taxes until you move (EXCHANGE) IQD’s into USD’s.
There will NO WAY around FATCA.
I advise … pay your taxes and do the right thing.
When IRAQ gets out of Chapter 8 … IRAQ will see a ton of investors.
Right now, if you wanted to open a WAKRA account … you must have at least $100,000 or you can NOT open one.
IRAQ will have a minimum requirement for banking.
I don’t believe that any law is missing. If there was something left … a lot of these government officials are going to look stupid.
We feel it’s very significant that Jabouri told the governor of the CBI that it’s time to start the monetary reform.
The only way to do that is to raise the rate (increase the value).
One other confirmation we got … if IRAQ wasn’t safe … there is NO WAY that Jabouri would have told the governor of the CBI to start the monetary reform.
So … what’s the hold-up?
Remember … the mid-eastern mentality is different than the west. They just move slower.
We really do believe that something is going to happen!
I do my best to try and educate the family about the mid-eastern mind-set.
For those who know TINA FEY … (Frank showed an autographed picture to KTFA members of Tina Fey)
Tina Fey (actress) is in a movie … [Whiskey Tango Foxtrot – (rated R)] … is very graphic movie – do NOT take your young children to this movie … but it will show you what life is like over there.
We are very blessed to have DELTA help us translate the articles.
It’s interesting that the CBI is slowly and methodically being put up in Arabic … and not English. Why?
There is also something else on the CBI website. They say that there is an IMPLEMENTATION of their NATIONAL RECONCILATION [Power Sharing].
That’s a good point. That is really, really important. It’s a message to the INVESTORS that everything is ready.
IRAQ’s goal is to defeat ISIS and grow economically.
Abadi knows who is corrupt.
The Iraq people want a solution now!
Whatever they are doing right now is because it’s for the people of Iraq.
Check this out Delta.
iTeam is now telling us that Abadi is now engaging the Holy Man (Sastini) to get more involved. It appears that the National Alliance party is pushing-back … so we may see Sadtini get more involved very soon.
Abadi is cleaning house TOP to BOTTOM … he is not fearful at all.
Sastini is very well respected
The 45 days we talked about earlier … we believe will end March 28th.
In the next 24 hours we are expecting an announcement about the BONDS.
The bonds will come out 1.5 Trillion Dinars. Very interesting. Remember, they kept extending the date because no one was buying them.
If they value the bonds around 6% … it will attract investors.
Watch what happens in the next 24-48 hours.
If they increased the value of their currency … it will be very interesting to see what happens with the bonds.
Will they make the same mistake they did last time?
If they change the rate … Iraqi’s won’t feel safe about leaving their currency under their mattresses.
Did you see the amount of the bonds? 1.5 Trillion Dinar
That’s 1.5 Billion USD worth.
If they raise the value … and make it attractive for the citizens to buy the bonds … they will be gone in the matter of weeks.
WALL STREET JOURNAL article … Many countries are BRAGGING about their BONDS … rate hikes are coming!
We told you … we are looking for Mosul. You haven’t seen it yet, have you?
IMO – based on what DELTA and I know … both of us will have to be VERY CAREFUL as to what we will be allowed to share from now on.
The CBI needs to move very fast.
We are on the verge of something happening.
The IMF is not going to lie to us. We know the time is drawing close.
Read the notes from last time.
God bless you all!
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