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DINARESGURUS.BLOGSPOT.COM_________________

Sunday, June 16, 2013

FRANK26 UPDATE, 16 JUNE

seniortour:  Hello Frank ! A very Happy Father's Day to you Sir !

The Passing of Chapter 7 into 6 will be great for them and us.

If you have a chance to discuss on tomorrow's call how important is the success of "finally" paying the Iraqi citizens June 19th :fervently:   and in the putting into action the 140 laws. Thanks,  seniortour
  Frank26:  I will Sir........ :handshake2:   Tomorrow's CC will be :

1.) " Iraq will NEVER see the keys to their shackles of ch7 UNTIL they RD/LD."

2.) What Dr shabibi is doing at meetings closed to You.

3.) Does the 19th hold two or one of two?

4.) Ch7 and the UNSC.

5.) VND this week.

6.) I Team report as they protect and watch.

7.) Delta's report.

8.) Eagle 1's report with Basket 1.

9.) To share with Shades ........ My intel is from my Teams not rumors or articles that tell half truths or ......... None.

10.) Finally ........... Far less of me and more praise to God for this blessing.

Also a date and rate from Knarf but I would not trust him........... :heeheehee:  KTFA,  Frank
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Thomas N:  Frank,  You know what side you butter your bread on. Also remember man does not live by bread alone

Frank26:  thomasN, I know.  Sadly some want to live on dough alone.  I UNDERSTAND the need of it ........... But do not live by it.

It has taken me decades to comprehend this to a different level in my life. Took many examples of pain and bliss.  The MB nightmare is one chapter of this ............. Lesson Learned.  KTFA, Frank

kaykay3:  Frank I know u probably won't answer till the next cc don't worry about it I was troubled but if we don't see it we just don't see it hope I didn't cause u a headache goodnight sir
Frank26: kaykay3,   Look........ I BELIEVE CH7 will be lifted ONCE they RD/LD. Always have because it is logical based on the applications of layers within ch7.

BUT ...... WE ASK QTS on this as we study this qt and final layer of ch7 exposed.

I will share on Monday ............ If Family can turn to God and Prayer in their postings and less ............ WHAT???!!!  Love You and ............. Proud of You.

Alan:  Agreed, but dont think for one second that Iraq wont pay them in Dinar on the 19th. It is very possible that they could pay them on the 19th in Dinar.. So dont be surprised if that happens.

On the other hand all we can go buy is what the articles have said in the past is that they will equal the USD in the first part of June. Until they say otherwise Im going to stick with those articles..

Remember last year when they said we wouldnt see the deletion of the zeros until 2013 well this year we havent heard otherwise so we still have a lot of time to go...

Tommy17:   Alan,  Good Post. But we got to ask are selfs why haven't they open their budget yet? Why have they waited so long to implement their budget.?

They stated they wanted to start paying people using the new Q cards on the 19th and ,if they do I believe they need to be activated with international recognized currency.

Will Iraq finally does what they've been telling their people, only time will tell. Iraq is broke, they got payments to the IMF ( SBA) they owe kuwait billions and they have to back pay salarys 6 months.

Which I believe payments have to be made in your countrys currency on the SBA. Thats alot of dinar to be paying out.. With the new boarders with kuwait now done, iraq gave up alot with the projected oil revenue underneath in the area they gave kuwait.

Seems like they want to get out under chapt 7 pretty bad for a good reason :hmmm:

I read a article few months back stating that they wanted the HCL tied into their budget ,"which would make sense if they are going to pay they're people" a share in the oil revenue.

I team has stated that they have finished everything that was on the table in last weeks meetings.

Imo I believe the key all alonq was chapt 7 and HCL. And i believe both are done just waiting on activation of the new rate. Being invested in this for over 6 yrs i've never seen this much work accomplished by their government ,in such short period of time. With Maliki onboard and now and signing off on everything" this is intel in itself".... Soooommmm Family

mike100:  Frank i spoke to bluestar and i understand why you are being quiet. Happy fathers day and to the rest of the dads here on KTFA. We let this come to us family and know we are extremely close.

KTFA-JimNY :  Mike,  Without spilling the beans, is it time to panic? or should we be at peace knowing that we will soon be blessed?

mike100: KTFA-JimNY.  no panic my friend ALL is well

JJONESMX :
   HELLO FAMILY.... I HAVE BEEN STUDYING THE IMF CHARTER FOR CH 6..... I HAVE FOUND SOMETHING INTERESTING THUS FAR... I SEEMS TO ME THAT IRAQ NEEDS A FLOWING TRADEABLE CURRENCY. I WILL KEEP STUDYING FOR US JJ

c. Definition of monetary authorities

6.66 The functional concept of monetary authorities is essential for defining reserve assets. Monetary

authorities encompass the central bank (which subsumes other institutional units included in the central

bank subsector, such as the currency board) and certain operations usually attributed to the central bank  but sometimes carried out by other government institutions or commercial banks, such as government-owned  commercial banks. Such operations include the issuance of currency; maintenance and management of reserve assets, including those resulting from transactions with the IMF; and operation of exchange stabilization funds.

In economies in which extensive reserve assets are held outside of the central bank, supplementary information should be provided on the institutional sector of holdings of those reserve assets.

d. Control

6.67 In general, only external claims actually owned by the monetary authorities can be classified as reserve assets. Nonetheless, ownership is not the only condition that confers control. In cases in which institutional units (other than the monetary authorities) in the reporting economy hold legal title to external foreign currency assets and are permitted to transact in such assets only on terms specified by the monetary authorities or only with their express approval.

 In such cases, the assets can be considered reserve assets because they are under the direct and effective control of the monetary authorities. To be counted in reserve assets, the conditions to be met are that:

• the resident entity can transact only in those claims with nonresidents on the terms specified by the monetary authorities or only with their express approval; and

• the authorities have access on demand to these claims on nonresidents to meet balance of payments financing needs and other related purposes; and

• a prior law or an otherwise legally binding contractual arrangement confirms this agency role of the resident entity that is actual and definite in intent. 6.68 If such assets are included under reserve assets, to avoid double counting, they should not also be classified as assets, or transactions in assets, in other components of the IIP and balance of payments.

They are classified within reserve assets depending on their nature (e.g., deposits and securities are classified as such). Except in unusual circumstances, direct and effective control is not to be construed as extending beyond assets owned by deposit-taking corporations.

e. Availability for use 6.69 Reserve assets must be readily available in the most unconditional form. A reserve asset is liquid in that the asset can be bought, sold, and liquidated for foreign currency (cash) with minimum cost and time, and without unduly affecting the value of the asset.6 6

No time limit is provided, but to qualify as reserves, an asset should be available in a very short period of time given the speed at which experience suggests a foreign exchange need can arise in adverse circumstances.

16Reserve-tranche positions in the IMF are liquid claims of members on the IMF that arise not only from the reserve asset payments  for quota subscriptions but also from the sale by the IMF of their  currencies to meet the demand for use of IMF resources by other  members in need of balance of payments support.

 Repayments of  IMF resources in these currencies reduce the liquid claim of the  member whose currency was supplied. In Table A9-I-1 in Appendix  9 on currency composition, the reserve tranche positions in the IMF  should be classified in the “SDR basket.”

The domestic currency  component of the quota is considered in economic terms to be of a  contingent nature and so is not classified as an asset or liability in  the international accounts.

http://www.imf.org/external/pubs/ft/bop/2007/pdf/chap6.pdf

mriguy :You know.....one would think....at the time that the U.N. placed Ch7 Sanctions on Iraq, there would have been provided to them (Iraq) a very detailed road map for what it takes to get ALL of the requirements fulfilled.

For example, when someone owes the IRS, they are set up on an agreed plan. If you are behind on your mortgage, you get put on a "plan."

You would think there would be a expressed, definitive plan. Otherwise, it could be like playing games with my 10 year old......make up the rules as you go along...if you know what I mean.

I guess the hard part is trying to locate that road map. I have been searching and have not found it. But, I will keep searching, as it seems to be more of a treasure map....than road map. Happy Father's day, I AM. Happy Father's day, Dad. Happy Father's day to ALL KTFA Dads. MRIguy.

JJONESMX : XenaWP, THANKS .......... JJ WE WILL GET TO THE BOTTOM OF THIS CH 6 THING TOGETHER AS ONE FAMILY... PRAY FOR GUIDANCE AS WE STUDY ON THIS SUBJECT !!!

JJONESMX :  An Institutional Framework for Comparing Emerging Market Currency Boards

Marie-Thérèse Camilleri Gilson

http://www.imf.org/external/pubs/ft/wp/2004/wp04180.pdf

I. INTRODUCTION

The objective of this paper is to derive an index of precommitment to stress the  differences between various exchange rate pegs arranged under the heading of a  currency board arrangement (CBA).

2  The analysis notes that there are substantial crosscountry differences within the sample of emerging market CBAs,

3  owing to policy needs and  constraints prevailing at the time of their establishment. An attempt is made to quantify these  differences in institutional design, both with reference to a theoretical benchmark drawn from  the literature

4  and in terms of a synthetic index of precommitment derived from a review of  legislation and operating procedures. The index covers issues relating to CBA institutional  design, encompassing features of autonomy and transparency, and examining the adequacy  of reserves with respect to monetary aggregates and exchange rate convertibility.

The mechanisms by which CBAs impart credibility are reviewed so as to gain insight  into the importance of carefully designing monetary institutions.

The country case  studies reveal that credible signals of political commitment to a fixed exchange rate peg may,  in some instances, be equivalent to a legally binding arrangement.

Public endorsement,  political consensus, and the adequacy of accompanying policies are highly relevant to  markets’ assessment of credibility. Underlying these factors is the sensitivity of exchange  rate credibility to the perceived sustainability of the peg and its supporting policies.

This paper suggests that CBAs are favored by policymakers seeking to safeguard or  recover credibility under exceptional circumstances. As with other variants of fixed  exchange rate regimes, the establishment of CBAs must be accompanied by the adoption of  sustainable economic policies and structural reforms.

Typically, the CBA is an option for  countries that have sought to put their economy in order (within the context of an IMFsponsored stabilization policy, for instance), yet require a credibility boost in order to avert  pressures of contagion.

If establishment of a CBA is considered a means of resolving a crisis, however, a  distinction must be drawn as to the nature of the crisis. If, on the one hand, its source lies  in a loss of confidence resulting from a history of discretion in fiscal expansion or credit

2 The analysis does not attempt to analyze the link between the design of monetary institutions and actual  macroeconomic performance.

 The appropriateness of the CBA for the six emerging markets under study and the  alternative exchange rate regime that might be prescribed for ex-CBA countries such as Argentina are outside  the scope of this study.

3 Argentina (from 1991 to 2001), Bosnia and Herzegovina, Bulgaria, Estonia, Hong Kong SAR, and Lithuania.

The Hong Kong SAR CBA, in its twenty-first year of operation, is the longest-standing CBA of the emerging  markets under study. It is followed by Estonia and Lithuania, in their twelfth and tenth years of operation,  respectively, while the CBAs in Bulgaria and Bosnia and Herzegovina are in their seventh year of operation.

4 References may be made to Schwartz (1992), Liviatan (1992), Williamson (1995), Bennett (1994), Judy  (1995), Enoch and Gulde (1997), and Ghosh, Gulde and Wolf (1998). Country studies are referred to in the  appendix.

creation, a CBA may enhance policymakers’ credibility, provided that monetary authorities  invest in building a reputation for inflation aversion. Market expectations would  subsequently converge on a reputational disinflation equilibrium with lower associated  output losses.

If, on the other hand, the domestic crisis has originated in broader financial  market turmoil, the extent of real exchange rate misalignment may undermine the  sustainability of a CBA. Setting the initial peg at the appropriate level is crucial in this case.

Although, de jure, CBAs do not irrevocably fix exchange rates, the operational  difficulties of exit may render them so. Legally, the longevity of a CBA falls short of that  of dollarization or the adoption of a common currency by the legislative procedure required  for its statutory amendment. An exit from a CBA framework could be envisaged when  sufficient credibility is deemed to have been achieved and the policy focus shifts to regaining  flexibility.

5   The policy switch must be very carefully designed however, since a suboptimal  escape clause may dissipate any credibility gains.

6  Thus, the establishment of a CBA must be  carefully considered. Indeed, even without longer-term commitment, moving to a peg or a  fixed exchange rate may confer sufficient short-term confidence to bring real interest rates  down and reduce the cost of stabilization. Either way, fundamental disequilibria will need to  be addressed at the very outset.

7  The paper starts by discussing the motivating factors for adopting a CBA and the  prerequisites for its effective functioning. It assesses the merits and drawbacks of this  particular type of fixed exchange rate regime. After deriving a framework for comparing  actual CBAs with the theoretical benchmark, it stresses the differences between CBAs in six  countries by means of an index of precommitment.

The index is derived from an analysis of  the legislative framework and monetary policy operations in these CBAs. It arranges features  associated with credibility under seven headings:

(i) clarity of legal basis,

 (ii) quality of  reserve coverage,

 (iii) coverage of monetary aggregates,

(iv) claims on reserves,

(v) operational autonomy,

(vi) transparency and accountability, and

(vii) escape clauses.

The  paper concludes with a discussion of flexibility and credibility trade-offs and exit issues. In  the appendix, operational issues in CBAs and central banks are compared with reference to  balance sheet issues. The conditions for an orderly exit are discussed toward the end of the  paper.


KTFA-JimNY:  JJONESMX,  The Kuwaiti Prime Minister would not have to come to Baghdad to waste his time if they were not serious about signing Iraq out of chapter 7. I believe that the Kuwaiti's are also expecting Iraq to change its currency exchange rate.

Everyone is running around stating that Iraq is out of chapter 7 and that includes Ban Ki Moon. It's just the formality of the UNSC vote that's needed and that happens on June 26th.

June 19th is a key date - Iraqi citizens are to be paid - finally. Qi Cards are also intended to be activated. That automatically gets us .90 cents to $1.17 right there. I could care less about the $3.86.

Give me $1 and i'll dump 10M dinar and say adios to Iraq until it does finally hit $4.00 - I'll save the rest of my dinar until then.

kittycat:  WOWZERSSS Frank.......so the Emir was in Iraq ( or is this an old article)...... :shutdoor: :eyeball: perhaps this is why Franks team headed over in a hurry ... and security was heightened :

Frank26:   kittycat,  When I share Team with KTFA Family I also ask them to take it to God in prayer for a good reason.  I understand and stand by my intel.

IMO.......... Those that take it to God in prayer are more silent and at peace ............ With me.

We told Family that PM and Emir were in Baghdad since Monday. The PM is chump change but nice to see.

It is the Emir that will tell KW citizens and KW politicians that the change they are about to do with Iraq is good ............ Is BLESSED by him !!! Bingo and ........... Ta Da !!! KTFA,Frank

KTFA-JimNY :  Frank, The Emir of Kuwait was on that trip too along with the Kuwaiti Prime Minister? That's beyond huge !! It's time to say farewell to Chapter 7. Iraq will be flying international quite soon.

JJONESMX:   KTFA-JimNY,  AGREED SIR.... BUT THERE HAS TO BE FACTUAL DATA ON THIS SUBJECT... IS IT OK FOR ME TO LOOK FOR IT, I MEAN I'M NOT GETTING PAID TO SIT HERE ON FATHERS DAY AND LOOK SIR... I AM DOING SO, OUT OF KINDNESS, NOT OUT OF MALICE.... I MYSELF ASSUME NOTHING WHEN IT COMES TO IRAQ, IMF, WORLD BANK ECT.... BLESSINGS TO YOU JIMNY AND HAPPY FATHERS DAY IF THAT APPLIES... :hibye: JJ

Seniortour :  Hello Frank ! A very Happy Father's Day to you Sir ! The Passing of Chapter 7 into 6 will be great for them and us.

If you have a chance to discuss on tomorrow's call how important is  the success of "finally" paying the Iraqi citizens June 19th :fervently:  and in the putting into action the 140 laws. Thanks,seniortour

w8tn4it2rv:   Would if the June 27th comes and goes and the RV has not happened, think about this: I attend a spirit filled church that speaks in tongues and hear many prophetic messages in the church. Many things are happening that keep showing the number 7, which means completion in the bible.

On Sunday May 19th, our assistant pastor shared a prophetic word with the church, he said the mountain that has been in front of the church blocking it and preventing it from growing and expanding is being removed. 7 Sundays from May 19th, is 7/7/13.

Myself, Frank26, and many other Christians keep seeing 1:11 (3) & 11:11 (4) =7.

Back in 2009 on Frank's first forum, many Christians / Members were saying the lord is showing and telling them Christmas in July.

So if June 27th comes and goes without the RV, the number 7 of completion is very close.

hasgold : I know there has been a lot of discussion regarding the lifting of CH.7, and the transition to CH 6. In regards to that, yes, we have heard constantly that in order to release CH. 7 there has to be a Revalue of the Currency.

If we all just take a deep breath, and go back and reread the notes from Delta's portion of Wed. Night CC, he states pretty clearly IMO, that all of this will take place. He didn't really list the order in which it would all happen, but it will happen. I quote from Delta:

 " This coordination, Dr. Shabibi was looking for a long time ago, and could not get the support for it.

Translation is ".. IT WILL SUPPORT THE GLOBAL VALUE OF THE IRAQI DINAR."

How are they going to support the global value of the Iraqi dinar? The article says they are going to support THE GLOBAL VALUE OF THE IRAQI DINAR WITH GOLD.

That means it is international .. they are trying to tell us that they are going to support it, using gold.

So there is no coincidence, from when the CBI stating that they are going to do this in early June, they are going to do that. This is all very nice, this is awesome!!

And family I would like to talk about one more thing that came up early today, or yesterday.

Family, I want to tell you that the CBI cannot and will not try to control the market price of the value of something significant. Like the black market, it happened on Shabibi's watch.

The only way they can do that is they HAVE TO RE-VALUE THE CURRENCY.

The new currency is going to come up in July 2013. We don't know the date, but we know that it is very very close!

This is a very exciting time for all of us! The most important problem is done today, Kuwait is satisfied today, it was a beautiful picture, everybody was happy!! It was amazing, the picture.. It got us very very excited!!"

I personally have never felt so strongly since I have had the Dinar, that this will all take place. I'm not sure when, but I do have Faith that it WILL!!!!!!! Like all of you, SOONER would surely be better for us, but I am confidant that it will happen. I feel that just a LITTLE MORE PATIENCE will do the trick.

Thanks to FRANK, and TEAM, for ALL the effort that you have put forth for so very long. Your endurance on this very long trip is remarkable. We love All of you!!!!!

DINAR GURUS UPDATE, 16 JUNE

6-16-2013 Newshound Guru Stryker  Article quote:  "Adoption of the control system electronic links between him and the General Authority for Customs It sure looks like the tariff  law is ready to be activated since the only thing left was the modern computer system (control system) to be set in place...The last tariff articles indicated that the only thing left to do before they could implement the tariff laws was to have a electronic tracking system in place. Well if this system can track money for the Central Bank of Iraq at each border crossing it sure can keep up with the accountability of goods crossing the border as well. 

6-16-2013  Newshound/Intel Guru BGG   Article:  "Confidential consultations to arrange a new meeting between Maliki and Najafi"   Maliki and Najafi making any sort of “deal” – or even talking, for that matter, is monumental news. Seems like they are dealing with a “laundry list” of long-standing disputes as well. I am not sure what to make of it – but very, very interesting.  …we are witnessing a political “about-face” unlike anything ever seen. I have not fully grasped what has changed, but Maliki is on a mission to “make-nice” with virtually all of the opposition. Things are very interesting now (to say the least)...

6-16-2013  Intel Guru TerryK   WELL IM STILL HEARING GREAT THINGS ABOUT TOMORROW [SUNDAY] AFTERNOON.  LETS PRAY THAT THEY ARE RIGHT.   NOTHING HAS CHANGED

OKIEOILMAN UPDATE, 16 JUNE

 [..OKIEOILMAN] JUST NOW BACK ON THE NET--EXPERIMENTING WITH NEW COMPLETELY DIFFERENT COMPUTER SET UP--

I HAVE BEEN MONITORING THE PHONE AWAITING ON THE CALL TO MAKE THE FINAL POST. NEWS I AM GETTING SHOULDN'T BE LONG BEFORE RECEIVING. WILL BE OFF AND ON SITE TILL I GET MODEM PROBLEMS WORKED OUT

[..OKIEOILMAN] CYCLONE COMPLETELY DESTROYED ALL MY ELECTRONICS AND GETTING USED TO A NEW CONCEPT AND IT WILL TAKE ME AWHILE TO GET USED TO IT

[..OKIEOILMAN] I AM WORKING IN A MAKE SHIFT STUDY BECAUSE OF HOUSE DAMAGE--TOTALLY BLACKED OUT WINDOWS AND ALL BOARDED UP --NO DAY LIGHT ENTERING HOME AND IT FEELS LIKE A COFFIN--

WILL BE ABOUT 3 WEEKS BEFORE WINDOWS WILL BE INSTALLED DUE TO OVER 900,000 WINDOW ORDERS BEING RECEIVED BY THE WINDOW MANUFACTURES--

THOSE ARE SEPERATE ORDERS NOT WINDOWS--FOR INSTANCE MY ORDER ENCOMPASES 9 WINDOWS SO NO TELLING HOW MANY MILLIONS OF WINDOWS WILL BE REPLACED IN OKLA.

[..OKIEOILMAN] I AM HOPING TO LAND VERY SOON ACCORDING TO INTEL RECEIVED FROM KUWAIT CITY LAST EVENING

[..OKIEOILMAN] WILL BE BACK LATER HOPEFULLY WITH GOOD NEWS

JOHN MACHAFFIE UPDATE, 16 JUNE

Sunday, June 16, 2013



RV/REPUBLIC RUMORS ---- 6-16-13

Rumor has it - IT HAS RV'd within country -
Leaders of Kuwait, US and Iraq are at the UN to dissolve the Bankruptcy - that has been finalized  -
Kuwait leadership said they would not return to Iraq unless they were to RV and they are in Iraq
Inside heads up - we are to see changes between June 27 until July 4th
See below with payments being made to Kuwait -
If they are at the UN,, they are the International stage for RV
our blessings here in the us of A will most likely start to be seen between June 27th culminating July 4th

Lew did say (SOT Chairman) in some private chatter to members of Congress which I am still trying to understand
I can hold off the debt ceiling until September, but you better hurry "
Not sure if that means further delays for we the people here in the usA
As we know, Fed Reserve is defunct, they cant print any more "money" and there is a bona fide Treasury Secretaryto replace Fed Reserve (could be a revolving door) - notice no Department of the Treasury  - we are going asset backed
This is in preparation for the new Treasury Notes
Also SOT Secretary did appoint a new IRS Commissioner   (Werhul?  )  - so old is leaving with old ways - notice how the Old IRS Chairman Shiller who was asked to resign said " we had lousy customer service "

Also if you can hang onto some D, be mindful the rate will escalate substantially

The Bombshell to hit the media from Glen Beck is still pending - something to do with cleaning house but also to do with CIA operatives planted in Congress - and actions of the BAR
we await the cleaning house of Administration and Congress and this, if true goes in line with

the return of the Republic - and that is what I think will be announced on July 4th 2013

Any significance from 1776 to 2013, or 1789 to 2013?


This is all tying in with asset backed system and new treasury notes and the return of the Republic - we wait and see

NESARA UPDATE, 16 JUNE

RUMOR - Multiple flights in & out of Reno (Private Jets) exchanging ongoing for fat cats. Big contingent of arabs just been processed.

RUMOR --- And this unconfirmed rumor,maybe BS. Fat cats are getting $40 for the dinar. Bankers want the public to get $3.40. Hmmmmm Interesting!

THE BIG ANNOUNCEMENT WILL BE ON JULY 4TH, 16 JUNE

THE BIG ANNOUNCEMENT WILL BE RIGHT ON JULY 4th

YOU WILL NEVER HAVE 2 INDEPENDENCE DAYS. 

THE BIG ANNOUNCEMENT WILL BE RIGHT ON JULY 4 th.. 

Before that day, they have to RV every country (195), 
They have to deliver and get into the banks, 5 programs before Omega, plus 72 programs after, then all of the rest of the whole world.

Japan premier told Benjamin Fulford that Obama is scheduled to do the earth shattering announcement on July 4 th. and then step down.

They have a lot to cram in this next two weeks.

Seems getting packages out..people in banks are the only delays.  Hearing sun/mon for official rv...provided packages get out to all those that need to be first..in order to repay China.