Saturday, March 26, 2011

PD CHAT

kitkat] Got Sam B on MTT right now and he says it will not be on the 27th - said we are on the tail end but the ministers that are waiting to be seated have been held up on purpose - something about outside deals being made with 11 different countries -
[kitkat] 600 banks are connected right now in Iraq - many merchants there will be using wireless swipe machines made by China
[kitkat] Visa cards were a desperate attempt to get the RV in Iraq
[kitkat] So the banking system in Iraq would not be overwhelmed
[Taggert] the Visa card will serve several functions, it will help ease the fact that the lower note dinars are no in circulation,, , it will give purchasing power and freedom to the holder to purchase services outside of Iraq itself. Vias is internationally accepted, and thus, its currency, would then be international accepted as well as the use of the Visa cards would then help make a Market for the Dinar to be traded,
[9:43:36 PM]
[Taggert] the Visa cards will also offer transparacy and trackability thur the banking system, and provide a way for the citizens of Iraq to recieve thier share of the profits, of sale of Oil, (hcl),

[Taggert] the Visa cards will also offer transparacy and trackability thur the banking system, and provide a way for the citizens of Iraq to recieve thier share of the profits, of sale of Oil, (hcl),
[Taggert] another importance of the "Visa Cards is that the Iraqi people will be induced to open bank accounts, , they will make deposits, and the deposits will be used to make loans ,
[spirited heart] Someone in an Iraq meeting while they were waiting for lunch to be brought it said "wish I was home in US and we could go to Chinese and get our food with my debit card.This created an thought that might work over there while one man there had a brother in law is a technical person that deals with prepaid cards. Iraq brought him over and solved the outdated computer issue. The ATM outside green zone have problem= how to conduct business outside the green zone = they have boxes that must be placed out in stores and trained how to operate and use the ATM boxes while electric is slim picking. Now this is where China, Japan, Russia, France, and US come in. There are spokes people going around the word a lot in Los Angeles, They are out beggin them to come back to Iraq, These people are trained to use banks and Iraq needs trained people, Need PR to go out and teach their people 3 million people need served. They switched this bypassed their banks and are going to use a US Bank.

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