It seemed my contact in the CBI was bragging about the final steps and paperwork for the full membership of Iraq to the World Trade Organization (WTO) and to look for the official announcement this week or sometime next week. But it is completed.
I asked if Iraq needs an international rate of the dinar in order for full membership. I was told and I quote from my source – “Iraq needed a tradable international currency”. I asked if this means liberated back on FOREX trading and was told YES! So, We are VERY close! These two events are converging (WTO and Reinstatement).
Article: "THE HIGHEST CURRENCY RESERVE IN THE HISTORY OF IRAQ"
Quote: "We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun November 14, 2023 Advisor to the Prime Minister for Financial Affairs, said that Iraq today has the highest foreign currency reserves throughout its financial history...stressing that this agreement constitutes the beginning of price stability in the exchange market."
FIREFLY: Television is talking to us all day about the government taking measures to address the exchange rate and the parallel market but they can't change the rate. They say only the CBI.What's going on? Why don't the CBI help?
FRANK: Calm down, calm down...As far as parliament saying whatever they are saying...who cares. Their voice is an echo in the abyss of darkness.
FIREFLY: A lot of contracts are being announced left and right. Hundreds and hundreds of them. It is impossible to be signing at a program rate...
FRANK: Do you honestly believe it's being done at a program rate? Absolutely not. These are the tale tell signs of the monetary reform and it's also part of your education.
Source: Iraqi-Turkish discussions result in 4 points to regulate trade between the two countries
A source in the Iraqi government stated, today, Thursday, that discussions took place with Turkey to regulate trade between the two countries through approved legal and banking methods and means.
The source said in a statement circulated to the media, including Shafaq News Agency, that, “In order to organize trade exchange between Iraq and Turkey on better foundations and standards to ensure containing the pressure on the parallel market and the demand for the cash dollar to feed some aspects of trade exchange between the two countries, the Prime Minister directed that discussions be held.” Wide with the Turkish side.
He added, "An expanded meeting took place on Wednesday, November 15, 2023, which included the Central Bank of Iraq and a number of advisors to the Prime Minister, while the Turkish side included a delegation headed by the Turkish ambassador, Turkish banks operating in Iraq, and a representative of the Turkish private sector."
According to the source, the discussions resulted in the following points:
1- The importance of the Turkish customs authorities matching the transfer documents with the goods supplied to Iraq at the Turkish customs points in a way that protects the interests and stability of trade between the two countries.
2- Linking Turkish exports to bank transfer documents through Turkish border crossings serves the Iraqi economy, as Iraqi merchants will resort and encourage financial transfers through the banking system instead of using parallel market tools and the cash dollar to finance their trade with Turkey.
3- For its part, the Central Bank of Iraq expressed its readiness to facilitate external transfer procedures by activating the relationship between the branches of Iraqi banks in Turkey and the branches of Turkish banks in Iraq in terms of feeding accounts in foreign currency and financing foreign trade between the two countries.
4- The issue of facilitating the use of credit cards in the Turkish banking market in an accessible way for Iraqi residents and tourists was also discussed.
The source confirmed that these measures aim to regulate and stabilize trade between the two friendly countries through approved legal and banking methods and means. link
Government spokesman: Occupying international leadership positions represents the recovery of Iraq’s reputation, 17 nov
On Thursday, government spokesman Bassem Al-Awadi identified the most prominent features of Iraq’s victory in membership in the Executive Council of UNESCO, while noting that occupying international leadershippositions represents the recovery of Iraq’s reputation.
Al-Awday told the Iraqi News Agency (INA): “The process of qualifying countries to be members of the executive councils of major international institutions is subject to an assessment of the reputation of the political systems of those countries and the positions of various countries of the world towards them,” indicating that “Iraq, because of the follies of the previous regime, has been removed since 1991 from membership.”
Most, indeed, all major international institutions, and the voting process for Iraq has become subject to pressure, interference, and rejection over the course of three decades.”
He added, "Iraq's return to occupying its international leadershippositions once again represents the recovery of Iraq's reputation andthe overcoming of the signs of the past, and the reputation has becomefully qualified and ready to take its place and its natural right ininternational councils," noting that "Iraqi policy (internal and external) and the government that supervises it is a place of trust." International respect qualifies the country to obtain the votes of various countries competing to vote and qualify for these councils.”
He pointed to "the role of countries and governments in pursuing their entitlement to these institutions and working diligently to reach it, as Prime Minister Muhammad Shiaa Al-Sudani met twice during this year with the leadership of UNESCO and provided a cohesive basis for reserving Iraq's seat."
Regarding how Iraq can exploit its seat after winning membership in the Executive Council of UNESCO, he stressed that “this is done by following up on the organization’s work and projects, including supporting illiteracy eradication projects, in addition to supporting vocational training, teacher qualification and training programs, and international science programs, as well as historical and cultural projects.”
Global cooperation agreements, preserving human heritage, supporting internal organizations, efforts, projects and partnerships with Iraqi ministries and bodies, establishing a mechanism for implementing activities in geographical regions, and following up on their implementation.”
He stressed that "Iraq's acceptance of membership in the Executive Council of UNESCO is a purely governmental effort based on correct indicators that the world has been monitoring over the past year link
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Mr. Cottrell. 11/17/2023
Member: Good Morning and Happy Friday.
Member: GM peeps .... anyone hear if the last 3 paragraphs of the HCL have been completed?
Member: Hoping MarkZ got some rest yesterday evening and also uncovered big news for us.
Member: Good song...Another day older and deeper in debt, but that is about to change, y'all!
Member: Do you think this will go past the end of the month?
MZ: No- But I have said that the last few months and been wrong. But I still continue to hear from Iraqi sources that come hell or high water they are going by the first of Dec.
MZ: I continue to hear fantastic things about the progress and how Iraq has positioned itself to force this across the finish line. I’m excited as to where we are at even though it appears to be dragging.
MZ: I cannot find any negative news besides the fact we are not completed yet and been to the banks. We just need to stick this out.
Member: I've heard/it's going 2B a Reinstated Rate, then, float Up. 1 of Frank26's ppl called theirBank, Teller knew nothing, had to check on it , then, slipped up & said RI
Member: RI=Re-Instatement of $3+ works for me!!!
Member: Many said RV is going to happen this weekend,what do you think
MZ: The chatter is phenominal….so its possible
Member: I just hope the QFS is ready to go for our exchanges.
Member: Again, QFS isn't accounts, its a ledger system based on blockchain tech to keep accounts safe and secure. Think of it as automatic accounting system to keep all transactions accurate.
Member: I heard we all already have a single QFS account and we can transfer money from that account to any number of our local bank accounts.
MZ: In Iraq: “Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry” This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But,, they waited until now to bring them on board. Does this tell you anything? I believe it tells us we are about to see a currency change.
MZ: If they are joining an international organization they are going to need an international currency.
MZ: “Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates. “Iraqi financial expert predicts decline in dollar exchange rate.” He expects the dinar to continue to gain strength against the US dollar.
MZ: “BRICS: Iraq to ditch US dollar for imported goods” They are looking to start their own “free trade zone” for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.
Member: I heard the Bank of Japan is about to crash….
Member: Chase Bank wealth management sent me a lengthy email that they would like to manage my wealth. Funny thing is I only have about 2 thousand dollars in my account.
MZ: They know what’s coming. It is a regular conversation with many bank employees now.
Member: Has anyone heard we will only have a 10-day window to exchange once it goes. I sure hope this is not the case.
Member: We were always told 10 days to make appointments and at least 30 days to exchange….
Member: Wish we knew if this exchange was going to taxed or not.
Member: Taxes, no taxes,! Exchanges are not taxable! Is what I have always heard! At least something is consistent!
Mod: NO ONE KNOWS WHEN THE TRIGGER GETS PULLED...LIKEWISE WE DONT KNOW WHAT THE TAX/ LEGAL SITUATION WILL LOOK LIKE...BE READY FOR ANYTHING
Member: My friend just came back from Thailand and checked airports to get dinar. They didn't have any. also checked airport in Atl, GA and they had none.
Member: All I know is Kim Clement said "many will Fall in the Fall" - Fall ends Dec. 22nd
Member: I have decided to declare this a 3 Day Weekend -- since they always said RV would happen on one.
Member: Well Thanksgiving weekend is a 4 or 5 day weekend……just sayin….
Member: With every passing day we are one step closer!
Member: DayTrader (Steve) on Militia Man & Crew passed away yesterday. I’m sure many of you know of him. Please keep his family in your prayers.
Member: Prayers to all who are hurting or ill today.
Member: Sending prayers for all those suffering in any way.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions .
India’s Foreign Minister Highlights U.S. Strategic Errors in Afghanistan and Iraq
In a candid reflection on U.S. foreign policy, India’s Foreign Minister, S. Jaishankar, has described America’s military engagement in Afghanistan and Iraq as a significant misstep, leading to a dilution of its global influence. His remarks came during an interview with an Indian media platform, where he presented a critical appraisal of Washington’s strategic decisions in the region and their far-reaching implications.
Jaishankar asserted that the U.S. became trapped in the quagmires of Afghanistan and Iraq, divesting it of resources and attention that could have been directed elsewhere. This, he believes, is an error that Washington might presently be regretting. His perspective offers a fresh lens through which to examine U.S. foreign policy, particularly its interventions in the Middle East and South Asia.
Implications of U.S. Involvement in Afghanistan and Iraq
According to Jaishankar, the U.S. deployment in Afghanistan and Iraq constituted a strategic blunder that resulted in the weakening of America’s global position. This viewpoint underscores the complexities of international relations and the potential pitfalls of military involvement in foreign territories. It also suggests a broader critique of U.S. foreign policy and its ramifications for American influence.
Jaishankar’s comments come ahead of the high-profile 2+2 ministerial dialogue between India and the United States, aimed at advancing a futuristic roadmap for deeper strategic cooperation. The dialogue, as envisioned by Prime Minister Narendra Modi and President Joseph Biden, seeks to bolster bilateral relations and strategic partnerships, further augmenting the global influence of both nations.
