Friday, July 5, 2024

LATEST FROM MILITIAMAN, 5 JULY

 Militia Man 

 The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...

Militia Man

  Iraq has a meeting with the WTO according to the calendar...on or around the 18th of this month.  What is it about?  It's talking about their accession process, whether that's going to happen or not that day I don't know but assuming that it's moving forward it sounds like their accession is going to be imminent.

You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time.  The electronic systems at the borders, the ISA system are global.  They are worldly...The WTO is at the core of this.  It's real.

  Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.

The Real Effective Exchange Rate changes the whole dynamics.  They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310.  They would have already done it by now...

 They're effectively stating to everybody that they're going international.  They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.

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That's what we are waiting for as we speak [seeing what's in the budget].  We haven't seen them expose that rate or that information to us just yet but they're going to.  They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.

 The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half. 

Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."

 Everybody should be pumped and ready to go... 

 Article quote:  "Sovereign guarantees to the private sector will contribute to the industrial renaissance" 

 This article right here will blow your socks off...

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html

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