Bruce: Good Evening Everybody. Welcome to the Big Call tonight. The So called Intel or information I gather overall is pointing to very well for us. I am just going to start with Iraq because this where we usually begin in the past. Iraq has done everything it supposed to do except make their new dinar rate which we knew last Sunday what it was, they have that rate ready to go in the next version of the Gazette. What about their budget? Did they do their budget? Yes, their budget went out to the Gazette in the edition that went out Tuesday. That hit and everybody saw that the budget was released. People around the world were aware that Iraq had a new budget and it was not in the trillions, but in the billions and that made more sense. It showed the revaluation of their currency to be in that amount.
Bruce: What about the rate? The rate itself was not put in the Gazette, but the rate we expect to come out if it is not already out to be put out in the next printing of the Gazette which would be about 7:30am Iraqi time Saturday morning or 10:30 EST tomorrow night which is Friday night. That is something we are looking to finalize with Iraq that needed to happen. As far as what has happened so far with their budget being approved and being put out in the Gazette, the US has issued Iraq 50 billion dollars. I don’t know exactly what it was for other than a promise to them to pay them this as a result of having the budget officially out. I don’t know enough about it, but I did hear that today.
Bruce: This is my opinion about the rate. I do know what the rate was last Sunday because we had it on Qi cards by Iraqi citizens in other cities in Iraq. We know it is between $7 and $8, and it was a great rate. I felt comfortable with the fact they had their rate but not just published on something to be seen worldwide yet at least not for us to see.
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