TRANSCRIBED BY PINKROSES (Thank you PinkRoses. ~ Dinar Chronicles)
Bruce: Welcome Everybody to the Big Call tonight. Let’s review where we are. First of all the Chinese New Year started on the 16th which it is already the 16th in Asia. I don’t know if it is significant in terms of a Start time or a Go time. I have heard that the last several days, watch the 16th. Just keep an eye on that in the fact China started their New Year. Maybe it will be significant for us.
Bruce: Otherwise Iraq finished up their conference Rebuild Iraq hosted in Kuwait. I did not get the specifics of that conference. I assume it was successful. That finished up yesterday I understand. It did not go through today like I thought. It was 3 days. It started Monday and went through to Wednesday. Hopefully it was successful. Anybody that was planning on doing any investments in Iraq that did not yet know what the rate was for the dinar. The World Bank was backing all investment in that and so that was a way to make sure everybody knew they could invest confidently in Rebuilding Iraq.
Bruce: I have a theory to put it out there as my idea as a theory. We will not see a new international rate of the Iraqi dinar publicized for the public to see until we are ready to start exchanges. It seems to be that has been delayed until we get started. I have heard it was going in the Gazette yesterday, the rate and budget. To my knowledge that did not happen.
Bruce: They publish the Gazette Wednesday and Saturday. I don’t think from what I am hearing from my sources we need to have it in the Gazette for us to start. We will see. On the other hand it is nice to see it in the Gazette and have it out. I think what makes it interesting is when it came to the Rebuilding Iraq Conference in Kuwait, we ended up saying we would not participate for the additional funding for Iraq we would not participate as a country of the United States until we saw a rate put out. Yet we do know our Secretary of State, Tillerson, was at the conference and my understanding was we had a contribution that was inclusive of some funds sequestered under Maliki that were US funds that were recovered as a credit for us in the tune of $1.8 billion even though the total amount sequestered added as a credit which was $2.1 billion that we were going to participate as an investment giving it a total net value of $3 billion dollars. That sort of what we heard. If that is the case, then maybe we have a rate that we just are not seeing but we know about.
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