MNT GOAT
The other part of the major news from Iraq is still the dilemma of the parallel market, however this too is coming to a head and the underlying causes are slowly be exposed. If you read the articles today you can see the political pressure is on the US from Iraq to end the sale of oil in Petro-dollars. What? Yes, you heard me right. I just commented on this a few weeks ago in my Newsletter and so now we are seeing in the Iraqi news. How freaky is that?
Do you really think this can happen? Read one of the articles and I quote from it –“ This deal forced all oil-importing countries to create a fixed supply of dollars to buy oil, and therefore these countries were forced to export goods to America, and in return, America provides them with dollars that will only cost them the cost of printing them, and from here a new system began that maintains American dominance over the financial system.” The global name is the petro-dollar.” Then there is the explanation of the dangers of getting off the petro-dollar and I quote – “ Economist Nabil Al-Marsoumi recalled the fate of both former regime president Saddam Hussein and Libyan President Muammar Gaddafi, after Iraq moved towards selling oil for prices other than the dollar”.
HOW IT ALL STARTED
In 1973, King Faisal of Saudi Arabia agreed to accept the dollar as the sole currency to buy oil in exchange for America providing military protection for Saudi oil fields, and in 1975 the other OPEC countries agreed to price oil in dollars only, and America succeeded in this deal by linking the dollar to oil instead of gold. On September 24, 2000, Iraq’s Saddam Hussein declares that his country will no longer price oil in U.S. dollars, but in euros instead. In 2003 Iraq is invaded by the U.S.. Go figure? Iraq’s oil supplies are removed from a “petro-euro” system back to a petrodollar system. As consequence Iraq is removed from the global currency trading markets (FOREX).
I am bringing you this short history lesson about the Petro-dollar so you understand how valuable the Iraqi dinar really is. Is it as valuable as gold?
This video below is MUST watch for every IQD investor. It will give you a good perspective as to why the dollar is so harmful and manipulative to Iraq. Is it all starting to make sense now! So, again I ask will Iraq get off the Petro-dollar as a solution to their dollar crisis? But there are other solutions to the dollar crisis in Iraq. There only has to be the will for the US to support more viable solutions. The problem stems in the corruption and there is much US corruption involved too. So change is hard. The goose that lays the golden eggs is hard to kill.
Major headings for our articles in today’s Newsletter:
- CENTRAL BANK GOVERNOR: WE PREVENTED BANKS AND COMPANIES FROM OBTAINING THE DOLLAR… AND WORK ON THE ELECTRONIC PLATFORM WILL END DURING THE CURRENT YEAR
- IN NEED OF BOLD SOLUTIONS.. THE DOLLAR CRISIS IS MORE COMPLEX THAN THE CENTRAL BANK’S PROCEDURES – URGENT
- THE FINANCE COMMITTEE RESPONDS TO THE US SANCTIONS: LET US SELL OIL IN CURRENCIES OTHER THAN THE DOLLAR
- AN ECONOMIC EXPERT RECALLS THE FATE OF SADDAM HUSSEIN AND GADDAFI AFTER IRAQ DECIDED TO SELL OIL FOR SOMETHING OTHER THAN THE DOLLAR
- THE UGLINESS OF REALITY CANNOT BE HIDDEN.” THE IRAQI ECONOMY IS SUFFERING UNDER AMERICAN SANCTIONS
- AL-BADRI: AMERICA COVERS UP ITS CORRUPT TO SERVE ITS INTERESTS IN IRAQ
THE GLOBAL TREND:
It is predicted by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010. Iraq was approached to join few years ago. The BRICS countries operate as an organization that seeks to further economic cooperation amongst member nations and increase their economic and political standing in the world. These are nice sounding words but the real objective is the process is to undermine the Petro-dollar dominance of the US dollar around the world.
WOULD ENDING THE PETRO-DOLLAR BE A GOOD IDEA?
As citizens of the U.S. we may not like this approach to BRICS is undertaking but the reality is the goose that lays the golden eggs has a life span and it is just about up. The US is the cause of almost every conflict around the globe as a result of this Petro-dollar policies to keep countries on the Petro-dollar. The fate of the dollar depends on it.
Remember it was not just getting off the gold standard in the 70’s alone that is killing the dollar but the careless ability to now over-spend and just print more dollars at the cost of the paper alone. It was the path and an incentive for irresponsible politicians to rack up a huge, overwhelming US national debt. It is time to STOP it. It is time for reconciliation. We can see the writing is on the wall but to return back the gold-standard will be a necessity when the Petro-dollar ends, and it is going to end. We can clearly it.
So, I presented this information to you today about the Petro-dollar and the recent articles from Iraq on this subject because it ties the politics into our Revaluation and Reinstatement of the Iraqi dinar. How can anyone possibly say that this investment is not tied to politics? How can you possibly say politics is not holding it up? I have been saying this for years now and showing you the proof. Do you believe me now? I firmly believe we may very well not see the reinstatement until after the November US elections and that is ONLY if TRUMP and the rest of the conservatives sweep both Congress, Senate and the Presidency. Yes, there will still be much work to be done and an entirely new financial system is already in the making only the so-called Progressives want to hang on to the fiat dollar. They call themselves “Progressives” but in reality, they want to hold on the same old, same old corrupt ways of running our governments.
But there is a better way….
No, the Central Bank Digital Currency (CBDC) is no the solution, however they will try to push it on us. The CBDC is just yet another form of fiat currency and a controlling mechanism for society. It is not about freedom! We don’t need a digitized dollar which is ripe for corruption even if it is partially backed by gold. This would be a knee-jerk reaction to the coming financial crisis. What we need is real solutions and to go back to the basics. Iraq is no different than the US with its financial reforms. Only they are ahead of us.
We must keep praying and pray hard. We are coming to the finish line and as you know if you ever ran in a marathon the last miles are the worst and most difficult as will be 2024. But the US, as other countries will prevail, and we will overcome this curse of globalism and One World Government/New World Order. We have lost some battles and won some, but the war is not yet over, and the victor declared.
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