6-23-2012 Studley: There are people being corralled as we speak. I can't go into specifics for security reasons, but I can say that what is being completed is for our benefit. There are no negotiations going on, and I am in constant communication with the bank. There are so many moving parts, this is like a chess match in 3D, IMO, we are extremely close to the end, but, again, this is a speculation, it is very hard to see how close we TRULY are. I don't know the exact status, but the reworking of the EU is also very closely related to our investment. This involves not only our currency, but many currencies, reworking of banking system, and other systems of the world, IMO we should be very close. I don't believe there is a holdup. This is a massive undertaking. I don't think everyone understands the magnitude of what is being accomplished. This is not a normal RV. They are breaking down financial systems worldwide, and restructuring them, it is a huge mistake to micromanage this event. I can't get into specifics until the event is official, but you will make an appointment with the bank, and they will walk you through every step from setting accounts and structures to investments in a timely fashion, they want to handle this as quickly and easily as possible. I have reports they [lower denoms] are positioned in many of the banks all over Iraq. Best thing I can say is stay balanced, follow the natural progression of this event and understand the magnitude of the multitude of funds that need to flow. This is the largest, by far, financial event that has ever happened. There are constant issues, and people that do not want this to happen, it is the toughest event ever to analyze. There is no delay; they are making sure that our funds are going to be safe before, during and after. All everyone needs to know is this is a grassroots effort; the code will be given to all group leaders, and sent out by email. There will be instructions with the code on exactly how to proceed. Based on my past experience financially, and I am not a tax specialist, so go see one, this is a currency exchange, and shouldn't be one [taxable event], EXCEPT, check with your individual states for taxes; shouldn't be taxable federally. What you are witnessing is an outright war with no bullets between the old corrupt system and new. I am actually shocked we haven't seen a bigger breakdown of financial structures and countries yet. I know the people that are working to make the transition to the new system are not going to allow the system to fail, they are trying to make a smooth transition. Bank codes are for a much higher rate than you can get by yourself. This is a FREE code issued by WF, the team has done this to help everyone exchange at a much higher rate. This is a code specifically for WF. You can share the code as long as it is not online or in a public forum. I am not a financial advisor, however, IMO, WF will help you set up whatever structure is best suited for your particular needs. The banks being downgraded is a very good sign, and the only large bank to not be downgraded was WF, it is part of process of transitioning to a new banking system.
6-23-2012 SWFloridaGuy: I just wanted to say how much I appreciated the conference call Scooter-EG, Enoch8, Patriot, Russell, Marcus Curtis and TenMillion did last night. It's not an easy task to take the challenging topics head on and they did. They also put out a challenge to the "any minute" hypers for a healthy debate. I would very much like to hear that call but I will be surprised if they have any takers, which should tell you something in and of itself. Many intel providers rely on "super secret intel" from sources who have no evidence to substantiate their claims and whose credibility is highly suspect at this point. This has proven to be an inaccurate way to approach this. We should encourage healthy debate, it will only lead to a better understanding for all parties involved. One thing not mentioned on the call that I would like to hear addressed is the SIGR report. According to the SIGR's (special inspector general for Iraq reconstruction) quarterly report sent to the US Congress, the IMF and the CBI both project GDP to grow by 12% in 2012. Crude oil reached its highest production in decades and foreign commercial activity jumped 40%. The CoR who among other things pass federal laws, ratify treaties and approve nominations of specified officials, recently approved the largest budget in the country's history. The SIGR report states Iraq's currency reform project, the goal of which is to raise the exchange rate of the IQD to a level just less than equal to the USD, has been postponed due to political tensions. I still believe in a RV 100%. I just don't think we should expect a high rate initially and, in actuality, that would be a dramatic change that would have global financial implications of historic proportions. My money is with the SIGR report until I hear a good rebuttal as to why I should disregard it. I'm also still of the belief that a RV depends upon inflation and stability. This was also backed up in the SIGR report that stated the economic reforms had been delayed due to political tensions. Nothing in this is guaranteed but the hope is as soon as the political crisis is resolved and we see announcements of Erbil, HCL, Ministers and the Strategic Council, there will be adequate stability and no remaining obstacles left to overcome from a political standpoint. These are just my opinions, which may or may not be correct.
6-23-2012 Studley: I don't believe there is a holdup. This is a massive undertaking. This is not a normal RV. This involves not only our currency, but many currencies, reworking of banking system, and other systems of the world and restructuring them, IMO we should be very close. I don't know the exact status, but the reworking of the EU is also very closely related to our investment. I have reports [lower denoms] are positioned in many of the banks all over Iraq.