Thursday, February 1, 2024

"Why Iraq is Allowing JPMorgan to Help" BY MIKECRISTO8, 1 FEB

 MikeCristo8

@MikeCristo8

I will add… Iraq is ONLY allowing JPM to come in and help with cross-border currency exchange (trade payment) in non-dollar (for now, till the U.S. RV’s gold), Because JPM is widely recognized across multiple jurisdictions for international currency exchange and because JPM wants a cut of the fees.

But once JPM helps the Dinar become widely interchangeable across the FX Iraq *may kick JPM out, Just like China is shoring up its regional banks into the BIG state-owned banks, BRICS are countries that believe in state control of finance. 

Why? Look at where the U.S. capitalist financial system is taking us right now. Over the cliff.

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