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Bruce: Lets look at Iraq: We need to go there to evaluate what’s going on with the GCR.

With Iraq you have a situation where they are under a timeline to perform with putting out their new rate.

They’ve passed their addendum budget. The addendum budget was not yet put into the physical Gazette, but it was placed on line where some people were able to see it.

Several people I have talked to, they’ve seen the Iraq Dinar on the bank screens at much, much higher rates then we have seen before.

Back in 2012 when Shabibi came to the US and someone from the community asked him questions about the Dinar, Dr. Shabibi said that the Dinar had the ability to be value up to $16.

We are not there yet, but we are well on the way. Seeing rates of over $11 now on bank screens, This is from several sources. Again that’s the screen rate.

Some Iraq airports have Rasheed banks in them. Tomorrow, start of business, those banks will be able to exchange dollar between dinar.

In order for that to happen, that means the USN must be gold backed now.

Fiat dollars are no longer recognized in Iraq. So that’s a pretty good indicator how close we are to this happening for us.

About Smart cards..Qi cards have been in Iraq for years now with varying rates, depending on region of country, type of payment and such.

The newest latest cards are out to Iraqi citizens, even those citizens out of the country.

They had to activate them by last Saturday night and they did.

We are hearing that money will be on those cards around noon tomorrow eastern time.

Those cards will receive the proceeds from the oil that they are to share with the Iraqi citizens (HCL 140) just like they do in Alaska for Alaska citizens.

Access to the oil proceeds start tomorrow at the new rate.

In the U.S. …Out west paymasters have received the certificate of authority to disperse funds.

They are ready to start any time now. It’s part of the shotgun start.

We really believe we are supposed to have our start by the end of the week.

Other things we are seeing on bank screens that all rates are solid on front and back screens.

Tier 1 & 2 banks are ready.

Tier 3 banks are still ramping up, but they are ready enough to go.

Most people will probably be going to Tier 1 & 2 banks.

We had the wait on the country of Zambia because they had a new currency to replace their old one. That was important for them to come on board with their new currency.

All of the Zim will be redeemed because it is a bond. It is the big one because of it’s value.

The banks will benefit from Zim exchanges because the deposits will be greater.

All other currencies will also be exchanged.

By going back to the gold standard, it allows us to go from Basil 4 compliance to Basil 5.

What’s the big deal from 4 to 5? Here’s the deal.

We’ve been on Basil 4 since last Wednesday.

With the gold back currency we get to Basil 5.

All our accounts will be Basil 5 compliant by Monday.

Basil 3 deposits are 50% insured. Basil 4 deposits are 75% insured. Basil 5 deposits are 100% insured.

Tier 1 & 2 banks ready to go. Tier 3, still getting ready, but it is not important that they are 100% ready before RV.

I am hearing that whoever is going to release the 800 numbers is ready to pull the trigger.

The trigger call will come from our U.S. Treasury.

The internet group is about 5 million people.

All the funds are in place to support this exchange process.

I am hoping this is the last call for about a month. (Pre-RV)