Tuesday, February 10, 2026

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Baghdad merchants' strike paralyzes trade in protest against increased customs tariffs

 Baghdad merchants' strike paralyzes trade in protest against increased customs tariffs

On Sunday morning, Iraqis woke up to an unusual sight in the streets of the capital, Baghdad, as markets and shops appeared completely closed, in a general strike carried out by merchants in protest against a government decision to raise customs tariffs.

Major commercial areas such as Al-Shourja, Al-Rashid Street, Al-Karrada, Al-Rabeei, Al-Sina’a, and Jamila witnessed an almost complete closure of shops, while a number of merchants went out in demonstrations in the middle of Al-Shourja, demanding a reversal of the decision, which they described as “suffocating,” due to the sharp rise in commodity prices and the decline in citizens’ purchasing power that it caused.

Traders confirmed that the decision led to a major recession in the markets and increasing financial losses, which prompted them to escalate the strike, indicating their intention to continue the closure until the government responds to their demands to open a serious dialogue and review the customs tariff in a manner that is appropriate to the difficult economic conditions.

This strike comes days after warnings issued by traders about the consequences of implementing the decision, which prompted citizens yesterday, Saturday, to rush to the markets to buy food and consumer goods, fearing price increases or shortages in supply.

While some economic voices blame this decision for the accumulation of goods at ports and the disruption of trade, official sources maintain that the customs increase has generated significant revenue, a move aimed at bolstering the public treasury. However, as the crisis worsens, calls have grown louder to expand the strike to other governorates if immediate action is not taken.  link

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JEFF & MARKZ: From Iraq Political Clarity to Global Financial Stress: Why the Headlines Signal Progress, Not Panic

Breaking the Headline Fear: What Really Happened in Iraq?

A recent headline triggered concern across the RV and Iraq-watcher community:

“The Sudanese MP resigns from parliament and a replacement is preparing.”

At first glance, it sounds alarming — almost as if Prime Minister Sudani is withdrawing from the government.

According to Jeff, that interpretation is completely wrong.

👉 In reality, this is very good news.

Let’s explain why.

You Cannot Hold Dual Power in Iraq

Jeff breaks it down simply:

“You cannot be both a Member of Parliament and a Prime Minister at the same time.”

Why This Matters:

And the choice he made is the key takeaway.

Sudani’s Decision: Parliament or Prime Minister?

“What he’s giving up is his parliamentary seat — and he’s taking the position of Prime Minister.” — Jeff

This means:

  • ❌ He is not leaving leadership

  • ✅ He is fully committing to the premiership

  • 🔒 His authority becomes clear, legal, and consolidated

This move:

  • Removes ambiguity

  • Strengthens governance

  • Shuts down political manipulation

This is not instability — it’s clarification.

Why This Is a Win: Maliki Is Fading Out

Jeff has been consistent on this point:

“I’ve been saying this whole time — Sudani’s got this and Maliki is out.”

Sudani stepping away from parliament:

  • Weakens legacy power structures

  • Limits behind-the-scenes interference

  • Signals a shift away from old political control

👉 This is not chaos — this is consolidation.

Short-Term Confusion, Long-Term Stability

Jeff also acknowledges investor frustration:

“It’s a very difficult investment to study right now because there’s a lot of unknown information.”

Key realities:

  • Not everything is being disclosed publicly

  • Government formation is being intentionally delayed

  • Silence does not equal failure

Historically, the final stages of political and financial transitions are the least transparent.

Why the Government Formation Is Being Stalled

This stalling is not accidental .

Possible reasons include:

  • Final power realignments

  • Legal restructuring

  • Protection from political sabotage

  • Timing coordination with economic reforms

👉 When governments rush, mistakes happen.
👉 When they stall strategically, big changes usually follow.

Important MarkZ Disclaimer

MarkZ Disclaimer:
Please consider everything on this call as my opinion. People who take notes do not catch everything, and it is best to watch the video for full context. Always consult a professional before making any financial decisions.

A New Week… Same Global Financial Tension

The MarkZ call opened with optimism:

“Good morning and welcome to a new week of possibilities.”

But reality quickly set in:

“The weekend was a nothing burger… so hoping the week is better.”

Despite the quiet surface, global financial pressure continues to intensify.

Bond Market Update: Quiet… But Closely Watched

According to MarkZ:

  • Bond activity remains quiet

  • No unexpected movement — yet

  • Any sudden change will be shared via Truth, X, or Telegram

⚠️ Silence in bond markets often means tension is being artificially managed, not resolved.

Federal Reserve Injects $56 Billion: A Red Flag

One member noted:

“The Federal Reserve is injecting $56 billion into the banking system over the next three weeks.”

MarkZ Response:

  • 🇯🇵 Japan is struggling to prevent bond collapse

  • 🇺🇸 The U.S. is trying to prevent bank implosions

  • Liquidity injections are damage control, not growth

👉 When central banks inject money at this scale, it signals systemic stress, not strength.

China Dumps U.S. Treasuries — Confidence Is Fading

Another major topic:

“China has announced they will be dumping $600 billion in U.S. Treasuries.”

MarkZ added:

“Nobody wants U.S. treasuries… even U.S. citizens don’t buy them much anymore.”

This highlights:

  • Declining trust in debt-based assets

  • A global move away from paper promises

  • Rising interest in hard assets and alternative systems

Is the Yuan Gold-Backed?

MarkZ clarified:

  • China introduced a hybrid gold-backed yuan years ago

  • Used mainly for international oil trade

  • Not a full gold standard — but strategic

This reinforces one truth:
👉 De-dollarization is real and accelerating.

Iraq Update: Political Gridlock, Digital Control

Parliament Dysfunction Continues

“Iraq Parliament held a session for minutes and adjourned until further notice.”

Sessions are being:

  • Opened briefly

  • Shut down quickly

  • Repeatedly postponed

Political dysfunction remains frustrating — but reforms continue quietly.

ASYCUDA: The Silent Game Changer

MarkZ emphasized:

“They are sticking to their guns on customs and imports.”

ASYCUDA (digital customs system):

  • Digitally tracks all imports

  • Eliminates bribery and corruption

  • Stops money leakage to elites

Speculators and smugglers are spreading false narratives — a sign the system is working.

Comex, Silver, and a Broken Market

One of the most alarming topics:

“Comex is in crisis: the Western silver racket implodes.”

MarkZ confirmed:

  • A recent bank failure involved silver exposure

  • Physical silver supply is extremely tight

  • Paper silver markets are structurally broken

Bill Holter warned:

“If you sell your silver, you probably won’t be able to replace it.”

ATM Shutdowns and Public Awareness

A member shared:

“My bank texted me that ATMs will be shut down on the 16th & 17th.”

While often localized, these notices contribute to growing public unease.

As one member summarized perfectly:

“Mark, TNT, Frank, Bruce — every RV site will be shouting it from the treetops. You won’t miss it.”

Featured Snippet: Why Did Sudani Resign from Parliament?

Answer:
Sudani resigned from parliament because Iraqi law does not allow one person to be both an MP and Prime Minister. By giving up his parliamentary seat, he fully commits to the premiership and strengthens governance.

Featured Snippet: Why Is the Federal Reserve Injecting Liquidity?

Answer:
The Federal Reserve is injecting liquidity to stabilize banks and prevent systemic failures amid extreme bond stress in the U.S. and Japan — a sign of financial strain, not strength.

Final Thoughts: Calm on the Surface, Change Underneath

Bad headlines often hide good news.
Quiet markets often hide stress.
Silence often comes before major shifts.

Sudani didn’t step away from leadership —
he stepped into it fully.

And globally, the financial system is showing classic signs of transition pressure.

Historically, resets don’t arrive with noise —
they arrive after silence.

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WALKINGSTICK: For them to make this report is very good for what we're looking for!!! #iraqidinar

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