There is still concern about the dollar and the smuggling of dollars out of Iraq.
They told me this is contrary to what you are hearing in the Iraqi news.
There is still work to be done in this area.
It was also confirmed to me that the CBI did intend to conduct the project to delete the zeros sooner than later but there are obstacles to moving ahead that still need work.
In brief, where are we with this RV?
This step will be announced and shown to the world, if you wanted to read Iraqi news channels.
Think about it, this next step of redenomination is going to be huge for the Iraqi people.
But here is the good news, the “secret” lies (hush up) in the redenomination in that the next step afterwards is the reinstatement and the liberalization of the dinar back to its “former glory”.
Like I told you many times already one of the major obstacles is in all the US corruption going on and the Obama plan for Iraq, now the Biden plan (to restructure Iraq completely prior to the RV) is not a workable plan in the short-term.
It has been over a decade already with this plan and you can see where we are.
We all know this is a senseless plan and can never be accomplished in the short term.
We would be waiting decades more if this plan is still pushed.
It must change and a more sensible plan put in place.
Yes, a practical plan put in to place to allow the dinar to RV and then to rebuild Iraq using this money and investors.
As the country grows so would the value of the dinar.
You can’t do it all without the RV.
This is where the Obama rebuilding plan falls flat on its face.
Of course nothing these radical, extreme socialist do, now in the US government, seems to make any sense.
But of course they really want to stall the RV too because they don’t want the American investors, like us having all this new wealth.
What could this new wealth do for the US?
1. It could be used to support political parties and candidates that they do not agree with;
2. It could be given to charities to help the poor and stabilize our countries.
This also the democrats really don’t want, as they luv crisis after crisis as it gives them FEAR in the population and thru the FEAR they obtain power and control (this is called illegitimate power);
3. After seeing the spending of the Biden administration, one has to ask “where did all these trillions of dollars go?” –
So I believe, and you can also see the proof if you know anything about the WEF and UN plans for the future of America, that they want to basically bankrupt the US and then rebuild a Marxist type of financial system controlling everyone’s money down to the last penny.
We already see the Central Bank Digital Currency as just a taste of what they want to do.
Remember their form of the “reset”.
It is to tear down first and then rebuild it according to Marxist/communist doctrine.
“You will own nothing and you will be happy”.
So if you are not to own nothing then who is going to take it from you so you have nothing?
Do you seriously think these elitists and rich are going to give up their big yachts, Bently cars, mansions, servants and land grabs?
We already see the evidence in Maui of their greed and influence.
So, basically why would they want us to have all this money pumped into the economy?
It goes against their plan.
They want two classes – the very rich and the very poor.
But there will be change in the administration and it is coming sooner than later next January.
If we don’t see the RV soon we are entering into the window of January 2024!
Could this be their target all along?
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AFTER “BREAKING THE LOCAL COLLAR”… WHAT IS THE NEW ECONOMIC VISION FOR IRAQ?
Today, Thursday (August 31, 2023), economic expert Mahdi Dawai considered Iraq to have succeeded in creating an economic partnership with its regional surroundings, as well as creating “spatial development” that will end many problems.
Dawai said in an interview with “Baghdad Today”, that “the government of Muhammad Shiaa al-Sudani succeeded in creating an economic vision through openness to its regional surroundings, and it was embodied in multiple steps, the most prominent of which is the development path that has three economic, social and tourism dimensions, starting from the port of Faw to Turkey, and the planned To open up towards other neighboring countries,” considering that “breaking the local cordon towards the regional and global in a country in dire need for the entry of foreign investment and the creation of spatial development that will end many problems.”
(I wish one of them was the reinstatement of the dinar…. )
He added, “The rapprochement with the Gulf countries is another important step that has economic dimensions, accompanied by balance and careful dealing with the eastern and western camps, with the adoption of a financial and monetary policy aimed at stability despite the crises,” stressing that “the rise in oil prices gave high flexibility to the Iraqi economy, and the possibility of providing financial resources.” To finance investments to enhance the capabilities of the infrastructure, which is the most important in any future investment axes.
He pointed out that “Iraq, with its qualifications, economic wealth and important geographical location, is able to form a compass in the world of economy and international trade within years, if there is the ability, management and planning to proceed with all strategic projects that are a building block in the world of the country’s largest economic change.”
Since assuming the position in October 2022, Prime Minister Muhammad Shia al-Sudani has sought with great enthusiasm to complete the previous steps to complete economic deals, whether with Egypt, Jordan and Saudi Arabia, in addition to the path of development with Turkey.
However, security and political challenges may hinder the possibility of the Sudanese taking any steps beyond signing formal agreements, as it used to happen every time an Iraqi prime minister signed such agreements, according to observers.
Welcome everybody to the big call tonight - it is Thursday August 31st and you're listening to the big call. Thanks, everybody for tuning in tonight. We were fortunate enough to be able to get this call out tonight to 73 countries around the globe and that's with participation and coordination with the Starlink satellite system and our satellite transmission team as a okay five high five and just did a great job getting the call out to as many countries as we could tonight. So thank you guys for doing that. And welcome everybody to the call tonight.
Let's get into the intel segment for tonight. Now let's start this way. There was a call - the second tier pay masters of the bonds are looking to hear either last night or this morning. They got the call. But it wasn't the call that they were looking for.
Okay, it was a call and I imagine they got something out of it, but what not the “GO” signal, the green light that they were looking for - Now, that was that was yes, earlier
Now today - At noon, they got a call and this is the way we have to look at it - there are two tears of pay masters for all the bondholders in the world.
The top tier paymasters, they deal with lower tier and second tier below, top tier pay masters about 47 of them - 47 are expecting a call. They were expecting a call tomorrow at noon, which was 24 hours after the call that was received today. So we have that whole 24 / 48 hour thing happening.
The call that came in at noon did not bring what they wanted to hear - the call that came in that was going to come in tomorrow at about noon - 24 hours later, actually happened today. They did it sooner. They did it somewhere in the - let's call it finished about 5:30 - 5:45 Eastern time this evening. This was the call that they were looking forward to hearing.
And the plan is now to have a green light and then let from this point on let the remaining tier one banks and the rest of the lower paymasters know by email, what the plan is for the release of their funds, which will be by email and then they will send emails to their recipients to the bondholders, giving them access to funds.
Now, the other thing that is important, this call was not just to the 47 Tier one top tier payment masters - It was also to all of the redemption centers - Key top people throughout the country. So they are up to speed having been on that second call. - And so are the top tier paymasters
Now what we believe we have is ability to move forward tomorrow with our notifications on the first of September. However, it could be that we're notified tomorrow or Saturday, but it looks more like tomorrow with a start of exchanges to be on Saturday. Say wait a minute, man, this is Labor Day weekend - nothing's gonna …. STOP ! Things can happen even over Labor Day weekend.
At least that's what we're hearing that we can get started. Wait, can we get numbers tomorrow? Maybe we set our appointments tomorrow. and maybe we start actually on Saturday and if that's the case, we will power through the weekend.
Saturday, Sunday, Monday, Tuesday etc they will use this Labor Day weekend, providing we do get started on Saturday. So keep that in mind. That's a really good thing.
Another point is in certain areas of the country where manufacturing is going on around the clock with three shifts - usually 8 hr shifts, right - morning - night time – graveyard - all those different shift workers that are building things like in Detroit, where they're manufacturing cars up there, there's another city too, in Michigan, I'm not sure which one it is that has shift work like that around the clock -redemption centers in those two cities. - Detroit and the second one - we don’t know yet - those will do exchanges around the clock. They will have people there that will do three shifts for eight hours each and do exchanges in the wee hours of the morning, late at night everything
Be right back because I knew I'd be getting this call - Let me take this - Sue If you're there talk for a couple of minutes. Okay.
It was it was it was an important piece of information. so Okay guys, we're gonna be able to share that, of course, you know I’m not holding back. Looking forward to it. So where was i? Okay.
So we were talking about the weekend. We're talking about powering through the weekend. And the good news is and I think this call helped to confirm it that we should be notified tomorrow after markets close.
I'm suggesting approximately five o'clock. It may be that time it may not - but around five o'clock we should get notified and that may be five in each time zone.
As I've said in the past I don't know if they're going with that still - they did agree to do that before but I don't know where it is now. But that is likely tomorrow late afternoon. Five o'clock ish. We should get notifications -set uour appointments - and start on Saturday. That is what it appears to be - based on the information I had, And this helped to confirm it.
So what else is there that I want to bring up? We should see a political change In the next 24 to 48 hours max - that I have referred to on the last call. So if you're there and heard that you know what that's going to be about
Otherwise, this is - this should be it guys. This should be your last call - Sue already called it - should probably be the last call but I think she's right. I believe this is –
This thing is looking like we're finally - finally reaching the end of what we've been waiting for - for my case, 19 years. The big call 12 years.
Well listen guys I don't know at this point whether we're going to have a celebration call. I'm calling this now like a pre celebration call - I really think that that you guys have everything that I wanted to bring to you tonight.
If I recall everything that we've brought to you over the last 12 years, and some of it's changed - I know -some of it is different but the most of it is still good, it's still true. Don't worry about the rates, rates are gonna take care of their self I thin
The main thing is to have stuff organized, get your currency organized - By you know -whether it's zim or Dong or dinar or rupee or whatever Bolivar whatever you got – organized to keep it separated by the currency type.
And then make sure that denominations in those currencies are lined up where they're all the 500 Millions are together 200 million together, whatever - the zims are together, the 10T are together – 100T are together - the 50 trillion together - so that you have it all together where they can easily run through the Delarue machine and knock that out for you.
I think it's going to be fun. Remember, they're only planning for 40 minutes for each of us as a max number. And even if you have a ton of currency, they think they can knock it out. So we'll see what happens on that.
If you've got bonds, and you haven't done your bonds yet, bring them if you've got 30 Let's call them sheet bonds, 30 bonds or less, bring them to the redemption center and they should and tell them when you send your appointment and you have bonds - to tell them when you sell it –
If you get somebody on the phone at the redemption centers you're setting your appoint three call center using the toll free number - tell them hey, I've got Zim Yes. I also have sheet bonds. I've got some German bonds. I've got some Chinese bonds. I've got railroad bonds. I've got you know Peruvian gold bonds, whatever it is.
Whatever it is, let them know that you have that at the time you set your appointment, and that way they can allow a little bit extra time for that.
Because they're going to need a little extra time – Be sure to NOT get to your appointment no more than 10 minutes early for your appointment time.
Let's see what else you can take your phone in – but keep it in your purse or in your briefcase and put it on like airplane mode. Okay, because you don't want to get to disturb anybody including yourself with a phone call or text. just set that up. you can be off your phone, believe it or not for 40 minutes, you will live. And you will live.
If you have blue pens, Well that's good too. Sue - Thank you for that. Yeah. Take some blue pens with you a couple of blue writing pens. - To show that it is original when you sign something.
And one thing I was gonna say is if you have people that are working with you on projects, and you want to be able to discuss certain aspects of eployment or certain things that the NDA would say that you're not supposed to talk to - make sure those people - you might have up to six or eight people that you put on a list a sheet - that would be an addendum to your to your NDA or non disclosure agreement.
It's an addendum. You're saying okay, I'm gonna put this person who's working on my project, this person who I'm very close to this person, all these people put their names in and make sure that they can be added as an addendum. to your NDA. Make sure it's a tight copy. Make sure you keep a copy of yourself and have a copy to give to them.- so they can be attached to your nondisclosure agreement.
Non disclosure should have been written in layman's terms. You should be able to read and understand that should be about a page and a half long. Once they've extended it. it was less than we look it's like a page and a half.
Look guys, this is not a warm fuzzy. They want you in and out - kind of be business like you can be pleasant. You can smile you can have a little fun with it, but it's not trying to entertain . That's not what its gonna be. how am I going to keep this personality down? Ha ha I'll do it. I'll do it. I'll go in and I'll be thinking about Sue and then I'll be able to stay focused.
So Yeah, that's really what I wanted to say.
And you the cameras, no phone cameras, nothing that there will be a little redemption centers – there will be a US Marshall - and if you're involved in any hanky panky – watch out because any shenanigans because you could get yanked out of there and without an exchange. So this is straight up seriousness. So treat it as such.
Let's see any other things I want to mention last chance. I think like really try to keep the celebration mode even when you leave to a minimum. And guys, don't go nuts over this Labor Day weekend and drink it up. I mean, this is like a graduation day for us.
It's like remember kids in high school that would get all drunk after graduation? And then sure surely is at the world. Somebody would be tooling around. And all of a sudden buy a tree and boom next thing you know, there's somebody dead who just graduated.
You know, we're not going to be those people. Let's graduate. Let's be wise as serpents and gentle as doves. Let's go ahead, enjoy it and enjoy it at home. you know, keep it on the downlow. and don't get to these NDA’s you're gonna go for at least 30 days and some of it.
Some of them will judge you they will judge you When you give your presentation as to make your NDA a 30 day. If you're good kind of a thing And if you don't look like you're that good - The 60 or 90 Day NDA.
So you know be straight up - forward be honest. And if they ask you any questions when you come in about debt or anything that you need to own up on this let them know Yeah, yeah, I suppose that they're gonna know and that's what they're doing. They're testing you to see if you are telling the truth. Right off the bat. You tell them the truth about what it is you may owe or whatever, then they'll know hey, this guy's an upright person, or this woman is straight up. She's, she's honest and and forthright and she's going to be telling the truth. And that's what they want to hear from us. So that's your last minute instruction for tonight. So let's go ahead and take that information.
Be prepared for emails to come out. I don't know Exactly - I know they're supposed to be coming off of Wells Fargo servers. I would look for them after market closed tomorrow and let’s see what happens. See if they come out tomorrow. See if their appointments starting Saturday. I'm hoping that's the case. It looks good for us. Okay. So, everybody have a wonderful - wonderful Labor Day weekend. Let's start everything off tomorrow with a bang. Because I think that's where we're gonna be. All right. So let's pray this call out. Okay.
Economist: The path of development will reduce unemployment and reduce dependence on oil as a source of budget
On Friday, economic researcher Hashem Al-Baydani stated that effective planning of development projects would lead to a substantial decrease in unemployment. He emphasized that the revenue generated from such projects could reduce reliance on oil as a means of financing the budget.
According to Al-Baydani, the road mentioned earlier has the potential to encourage the Ministry of Industry and private sector companies to invest in large areas along the road for the establishment of factories and laboratories. This could also attract international companies to bring their factories to Iraq, resulting in reduced transportation costs.
According to him, building a road and developing projects on either side of it can greatly reduce unemployment. This is because many factory owners prefer to export their products at lower transportation costs. To achieve this, land near the road can be offered for investment or rent.
He suggested that setting up factories, laboratories, and projects on both sides of the road would require thousands or even millions of workers and specialists. This could be a great investment opportunity and open doors for giant companies to invest, as long as the labor force is Iraqi. To attract foreign investors, customs duties could be reduced or permits could be granted to open factories. The goal is to bring in new sources of revenue to the country and decrease unemployment rates.
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Adviser to the Prime Minister: Iraq has not recorded any failure in the timing of the payment of its debts
2023-08-31
Adviser to the Prime Minister - Iraq has not recorded any failure in the timing of the payment of its debtsWednesday, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, considered the World Bank’s estimate of Iraq’s debts at more than $150 billion exaggerated and unreal, and while confirming the high creditworthiness of Iraq, he indicated that no failure was recorded in the timing of debt repayment in more than a decade. from time.
Salih said in a press statement, “The issue of the Iraqi public debt requires a professional distinction of its history and details, and not taking its numbers on their minds without a clear logical analysis. When evaluated in foreign currency, it is estimated at about $54 billion, while the external debt payable until the year 2028 is estimated at about $23 billion, and there are debts due after the year 2028, so the external debt becomes about $30 billion.
He added, “There is a debt pending on the Paris Club agreement of 2004, i.e. sovereign debts before 1990 belonging to four Gulf countries and four other countries, which are about $40 billion, and if they are activated, if they are correct (because they are, as the economic terminology termed, reprehensible debts because they financed the Iraq-Iran war.” At that time, if it is correct again, it must be deducted by 80% or more under the Paris Club agreement for the year 2004, to be less than $ 9 billion or less.
And Saleh continued, commenting on what the World Bank mentioned in its new report that Iraq’s debt exceeds 150 billion dollars: He said, “We do not know the method of calculating the debt in the World Bank report. Aside from it, for the external debt to reach 50 billion dollars, as an expectation of the total internal public debt early, which was not achieved, and therefore the reading of Iraq’s internal and external debts, according to what was published by the World Bank, came to be about 152 billion dollars, and this is exaggerated rather than being At about $84 billion (excluding the balance attached to the Paris Club agreement as an abhorrent debt) and what has been published about debt balances is unreal and discretionary.
He pointed out, “Nevertheless, the public debt-to-GDP ratio, even in light of its unjustified inflation, will remain between 54-57% of the estimated GDP for the year 2023, and it is within the current safe economic stability area, which is usually estimated at about 60%.”
And the advisor to the Prime Minister for Financial Affairs warned, “The financial policy in Iraq adopts a highly disciplined system in adjusting the timing of payment of debt dues (annual installments and interest) or when extinguishing the debt once on its annual due dates, and there are fixed and accurately estimated annual allocations that are monitored in the budget.” The public early to pay debt services and dues, especially Iraq’s foreign debts, and no failure has been recorded in Iraq during a decade and a half, and this is what made Iraq’s credit worthiness high, as Iraq is located within Area B in the global credit rating tables that are evaluated by international credit rating companies. Known and periodically since 2015 until today.
Saleh explained, “The vast majority of internal public debt is in the possession of government financial institutions or the government banking system, which is an (exclusive) internal governmental matter. There is a strategy in dealing with this debt, especially since the monetary authority currently acquires about 64% of the total internal debt and has the ability to In managing it in coordination with financial policy and with high accuracy, bearing in mind that the banking system annually obtains interest on that debt at a rate of 3%, and it falls within the annual allocations of the general budget.
[via WiserNow] ...everything is moving in the direction we want it to move...in terms of timing, there have been meetings ...big meetings with redemption center and some of the top bank personnel ...
And ...this particular meeting had a top tier treasury person on the call...this particular information that we received, We actually had it prior to this call, but the call verified it to us. We got it...from another couple of sources and the gist of it is that we should be notified by...Thursday, which is the 31st. And we should start our exchanges either Thursday, or Friday, which is the first of September...Intel is aiming to come together to bring this finally to fruition...We're excited about it.
Mnt Goat
This is why we need them to issue the lower denominations.So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros. The rate then changes by just moving the decimal place over by 3...It is really that simple...this in-country RV rate will not remain long. They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing. This is right out of Dr Shabibi’s plan.In each country, for instance the USA, will have an exchange rate for the dinar based on their economy and currency being exchanged.
The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value.The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions...The banks call this “public” vs “institutional” use.
I presented scenarios to you in the past about the rate of these 3 zero notes...the rate is already close to 1:1 only they added 3 zeros to the currency. By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes. Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value.
What's this business about this 1132 that Alaq mentioned? Alaq is the central bank governor...He said the official exchange rate for the Iraqi currency is 1132...A lot of people are going, 'Well that's not true!'.
The fact remains...he said it...as the official rate of the Iraq dinar but it's not on their website. I'm not making it up. I'm not giving you accusations...it's proved...
You're going from an old style to a new style in this new world economy...the triple zero notes aren't going to be a thing of the future. They're going to be a thing of the past...
Article: "Kurdistan Presidency Office: Baghdad's failure to send financial dues to the region is unfair" There is far more to this story in this than what meets the eyes. They'll need the salaries quickly or it is going to get iffy.. lol We can see that there is a reason for them not getting the salaries yet. They'll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now.
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