Thursday, November 2, 2023
Coffee with MarkZ. 11/02/2023
Washington's Federal Cloak Controls Baghdad.. Will Iraq Join The BRICS Group?, 2 NOV
Washington's Federal Cloak Controls Baghdad.. Will Iraq Join The BRICS Group?
Posted On2023-11-02 By Sotaliraq When Prime Minister Muhammad Shiaa Al-Sudani expressed, earlier, Iraq’s readiness to join the BRICS group if it received an official invitation to do so, will Baghdad be able to escape from Washington’s federal “cloak” and launch diplomatic efforts to join it?
The BRICS group includes China, India, Russia, Brazil, and South Africa. The first four countries are among the fastest growing economies. They seek to get rid of Western hegemony and the control of the dollar, and encourage dealing in local currencies in commercial exchanges.
As of next year 2024, Saudi Arabia, the Emirates, Egypt, and Argentina will be accepted for membership. , Ethiopia, Iran, and the writer and political analyst, Omar Al-Nasser, said in an interview with (Al-Mada), “The situation in Iraq is very different and cannot be compared with those countries that have full sovereignty, so it cannot join the BRICS group so easily.”
Management and planning
He adds, “International factors and the threads of regional extensions that exist deep inside Iraq are still affecting the political decision in light of the lack of cohesion, harmony, and long-term strategic alliances between the political forces holding power, in addition to poor management and planning, weak foreign policy, and the lack of access to positions for those with experience.” That achieves qualitative goals.”
Washington's "cloak"
Al-Nasser continues his speech, via (Al-Mada), that “the strategic framework agreement with the United States, the Iraqi oil money remaining within the US Federal Reserve, the lack of alternative strategies that achieve the policy of filling the vacuum for oil money, and Washington’s vision of not withdrawing its hand from Iraq will prevent a lot of it from joining the BRICS group in the long term.” “In the near future, especially since there is a common international vision that Iraq must be a completely stable country in a region full of disputes and political conflicts.”
Beijing’s “weapon.”
For his part, the specialist in financial and banking affairs, Mustafa Hantoush, said in an interview with (Al Mada), “The BRICS group is a group of economically developing countries, and there are 22 countries that have applied to join, in addition to 40 countries interested in doing so.”
He adds, “BRICS is a weapon under the hand of China, and the intention of this group is to create an economic currency among member states in trade exchanges.”
Hantoush explains, “All the countries joining it are unable to pump money, create a currency, or manage global trade.” LINK
"Q & A" WITH MNT GOAT, 2 NOV
Q and A
Question from Rob: Hi Mtn. Goat, I have a question with regards to the citizens of Iraq hoarding money in their homes. Are they hoarding the US Dollar or the Dinar. I would think that they would want the US dollar as the Dinar just isn’t worth anything and with the Dollar, they can travel etc. and no issues. I can’t think of why they would want to hoard the Dinar. If they are mainly hoarding the Dollar, then I don’t see any issues or concerns regarding this as it would relate to the Parallel market and the 2% that the two markets need to be at for 90 days. So… what are your thoughts on the hoarding? Do you have any knowledge of the hoarding being mainly in US Dollar or the Iraqi Dinar? Thanks So Much…
Answer Mnt Goat: In the article from my 10/24 Newsletter, they are talking about the dinar. How do I know this because they don’t mention dinars or US dollars specifically. First of all, the CBI has said the banks will conduct internal transactions all in dinars not dollars. So this we all should know by now. Right? This article talks mostly about the lack of liquidity of the banks due to hoarding money. The banks deal in dinars with the citizens.
Next the article makes reference to “monetary mass” and for Iraq and this is always in dinar as there is no monetary mass for the US dollars. Monetary mass means the money in circulation of dinars in Iraq.
I quote from the article – “He noted that the banking system still deals with only 15% of the monetary mass issued into circulation until today, which is called cash leakage outside the banking system”. We know Iraq has about 85 trillion dinars in circulation as their monetary mass. They injected another 10 trillion since they last told us years ago it was 75 trillion. So yes, this is a VERY important issue as the banks must come up with other solutions to make money as the currency auctions will not be available as of January 2024. To make money in other products they will need dinars in the system for liquidity for loans, etc.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
Iraq's unstable conditions prompt the postponement of the "Third Baghdad Conference", 2 NOV
Iraq's unstable conditions prompt the postponement of the "Third Baghdad Conference"
An informed government source revealed, today, Thursday, that the holding of the “Third Baghdad Conference” has been postponed until further notice after it was scheduled to be held at the end of last month.
The source told Shafaq News Agency that the countries participating in the “Third Baghdad Conference” demanded that the conference be postponed due to the unstable conditions Iraq is witnessing due to the escalation of attacks against American forces, and with the fear of an escalation of these attacks and the American response to them, and with warnings from some countries. From traveling to Iraq.
The government source added that the "Third Baghdad Conference" has been postponed until further notice, and no new date has been set for it. The date will be linked to stabilizing the situation and stopping the escalation of the armed factions against the American forces present with a number of Iraqi military forces.
The "Baghdad 2" conference was held on December 22, 2022, at the King Hussein bin Talal Convention Center on the coast of the Dead Sea, after a first session held in the Iraqi capital in August 2021 at the initiative of French President Emmanuel Macron and Iraq.
The conference was attended by French President Emmanuel Macron, Iraqi Prime Minister Muhammad Shia al-Sudani, Emir of Qatar Tamim bin Hamad Al Thani, European Union foreign policy official Josep Borrell, who coordinates the Vienna negotiations on the Iranian nuclear file, and Enrique Mora, the European Union coordinator for these talks. In addition to the foreign ministers of Iran and Saudi Arabia, the Secretary-General of the Arab League, the Secretary-General of the Gulf Cooperation Council, and a number of other Arab foreign ministers. link
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 2 NOV
Frank26 (KTFA)
[Iraq boots-on-the-ground report]FIREFLY: The CBI is on the news today warning people not to deal with unlicensed companies.
FRANK: If you’re not dealing with unlicensed businesses then those companies are going to go out of business…And fines are going to drive them out of business. There’s no more problems with banks that are using the American dollars in Iraq. They are being eradicated.
Article:
“New statement from Oil on the draft oil and gas law”
REMEMBER… IMO…THE NANO SECOND YOU SEE THE HCL, SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE OF THE IQD.
DINAR REVALUATION INSIGHTS: Key Highlights – Iraq’s Digital Transformation & Potential IQD Rate Adjustment (2026)
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