Militia Man
Saleh says if you do a float it's dangerous, it's going to turn out to be unruly...He also said he's going to have a mixed or managed float, which is going be stabilizing...They had about 4 articles about that...Why are they saying it and giving one specific option? Because that's what they're going to do...All the different ways of doing it were negative but the one [positive one] was a managed float. That's a mix between a floating currency and a fixed. They manage it and that's the most stable...
Article: "Sudani directed the extraordinary session of the council for next Sunday, the federal budget schedules for the year of 2024" We have the vote for the speaker of the House of Representatives on Saturday and then we have a special session about the 2024 budget schedules with the Council of Ministers then they go to the HOR...
I think they're at the stage where they just got to jump and do it. They have to interlink with the region and...the world so it's going to be a timed event. I don't have the time, the date for that but I think we're going to see it shortly...
There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved. It's... still restricting the sovereignty at the international level. The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still.
Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency? Of course they are. They were $3.22 back when oil was at $35. What if you added on to that all those things I just mentioned?
Article: "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?" The bottom line is Iraq is going to make an exchange rate change. They've told you about it...A managed float is a mix of a fixed and a float... Are they going to change it to a free float? Probably not because there's a lot of risks at that stage...Ultimately what is their goal? Raising the value of the dinar against the dollar. That's what they're going to be trying to do..
We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table...The delete the zeros is all about what? Creating value.
1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions. They don't even have that much money printed. They don't even have it on their M1 etc at this point in time. They never have. There's got to be an adjustment...
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Article: "Iraqi Council of Ministers approves the 2024 budget schedules"
The next step would be to take those schedules and deliver them to the House of Representatives. If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening. It's a nail biter...
Article: "Specialist: Floating the dinar is economic suicide"
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