Even with Kuwait 90% of their budget is on the sale of oil. Where Iraq gets hurt and Kuwait doesn’t, if the oil prices dropped. That’s what happened at the end of 2019 and 2020. Their [Iraq’s]…economy was going to crash. They had to devalue the currency and it saved them. With Kuwait, that’s not going to happen. Their Wealth Fund is something they can fall back on…Iraq cannot do that… Iraq is going to get there no doubt about it…We want it to go up in increments and keep the same currency we have…
Auctions...are not about dumping the dollar. Currency auctions are held for a reason...They take the US dollar and sell them to banks and exchange for foreign currency. That's how they're able to build up their foreign currency reserves to...$115 billion. Not only that but it helps stabilize the Iraqi dinar exchange rate against other foreign currencies...This isn't about proof they're dumping the dollar...This is not about de-dollarization.
Al-Sadiqoun responds to Saudi Arabia and Kuwait regarding Khor Abdullah and the Durra field
The Sadiqoun parliamentary caucus demanded today, Thursday, that Kuwait and Saudi Arabia uphold Iraq’s sovereignty and that the government act to protect Iraq’s maritime sovereignty.
Representative Hassan Salem, the leader of the group, stated in a blog post on the (X) platform that Saudi Arabia and Kuwait had to recognize Iraq’s sovereignty. Iraqi Fakhr Abdullah and the Durra Field are pleading with the government to act toward the two nations.
“The Khor Abdullah agreement was declared invalid by the Federal Court, stating that silence would compromise the nation’s maritime sovereignty,” he continued. The Iraqi Ministry of Foreign Affairs must “deposit a copy of the Federal Court’s decision invalidating this agreement to the UN Security Council,” he once again demanded of it.
Saudi Arabia and Kuwait issued a joint statement urging Iraq to abide by the accord that governs marine navigation in Khor. Abdullah asserted in the 2012 agreement between Kuwait and Iraq that the Durra field is situated inside Kuwait’s maritime borders.
The Iraqi parliament approved in 2013 to adopt an agreement governing sea navigation in “Khor Abdullah,” however the Federal Supreme Court declared that the measure was invalid.
The vote was deemed unlawful by the Federal Court, which based its decision to invalidate the agreement on the fact that it did not get the two-thirds majority of House of Representatives members required by Article 61 of the Constitution.
The port of Khor Abdullah, which is situated between both islands in the extreme north of the Arabian Gulf, was split between Kuwait and Iraq according to the terms of the agreement. The port of Umm Qasr is situated in the Basra Governorate in southern Iraq. Khor Al-Zubair is formed by the Iraqi Al-Faw Peninsula, the Kuwaiti Warba and Bubiyan, and the Iraqi Warba.
Kuwait, is a country that successfully revalued its currency in the early 90s. Following the Gulf War Kuwait's economy was in ruins, yet within a short span the Kuwaiti dinar was reinstated as one of the most valuable currencies in the world...Unlike Iraq, Kuwait had a relatively stable political environment and a resilient economy backed by vast oil reserves.
The international community had faith in Kuwait's ability to rebuild and stabilize which facilitated the revaluation process...A stable political environment, a strong economy, a positive balance of trade and the trust of the international markets are all critical ingredients for successful revaluation. It's not a magic wand...
Reuters Article: "Iraq's Kataib Hezbollah says it suspends attacks on US forces" "Iran-aligned Iraqi armed group Kataib Hezbollah announced on Tuesday the suspension of all its military operations against U.S. troops in the region, in a decision aimed at preventing 'embarrassment' of the Iraqi government, the group said."
The Iraqi Parliament calls for confronting US sanctions and selling oil for anything other than the dollar
In an effort to counteract US sanctions on Iraqi banks, the Finance Committee of the Iraqi House of Representatives advocated on Wednesday for the sale of Iraqi oil in a currency other than the US dollar.
In a statement obtained by the Parliamentary Finance Committee, it was stated that “imposing sanctions on Iraqi banks would To undermine and obstruct the steps taken by the Central Bank to stabilize the dollar exchange rate and reduce the selling gap between the official and parallel rates.” The US Treasury is still using the pretext of money laundering to impose its sanctions against Iraqi banks, which calls for a national stance that puts an end to these arbitrary decisions.
The committee affirmed its call for the government and Central Bank of Iraq to act quickly to diversify our cash reserves from foreign currencies and declared, “its rejection of these practices, due to their repercussions and consequences on the livelihood of our citizens.”
The committee suggested forcing the Ministry of Oil to accept foreign currency for the sale of Iraqi oil.
In addition to Fly Baghdad Airlines, the United States of America has already placed sanctions on a number of Iraqis connected to armed groups.
Hamad Al-Moussawi, the owner of Al-Huda Bank, was also subject to sanctions.
How the Act of 1871 and International Bankers Silently Transitioned America from a Constitutional Republic into a Commercial Corporate Entity
Buried deep within the annals of American history, there lies a narrative seldom explored in the classrooms of our nation’s schools or the pages of mainstream historical discourse.
It is a tale that, if known, could fundamentally alter our understanding of the governance and legal foundation upon which the United States operates today.
Every Fourth of July, Americans celebrate their independence with great pomp and patriotism, believing in the freedom and liberty that the Founders fought for. Yet, unbeknownst to the vast majority, the freedoms we cherish and the government we trust to uphold them may not be as secure or as sovereign as we are led to believe.
This narrative revolves around a pivotal yet largely overlooked moment in history—the enactment of the Act of 1871, which established a corporate entity known as the “United States,” distinct from the original Constitutional Republic founded as “The United States of America.”
This act, passed under circumstances of financial desperation and political maneuvering, marked a departure from the principles enshrined by the Founding Fathers and set the stage for a profound transformation in the American political and legal landscape.
Why does this matter?
Every Fourth of July, Americans celebrate their independence with great pomp and patriotism, believing in the freedom and liberty that the Founders fought for. Yet, unbeknownst to the vast majority, the freedoms we cherish and the government we trust to uphold them may not be as secure or as sovereign as we are led to believe.
The distinction between the “United States of America” as a Republic and the “United States” as a corporate entity is not just a matter of semantics; it is a fundamental shift in the nature of governance and the rights of the citizenry.
This article seeks to peel back the layers of history to reveal a forgotten chapter that explains how and why the original Constitutional Republic known as The United States of America has been overshadowed by a corporate, legal construct.
We will delve into the backstory involving international bankers, the role they played in this transformation, and the implications it has for the freedoms and governance of the American people.
By understanding the events surrounding the Act of 1871, the motivations behind its passage, and its subsequent impact on American life, we can gain a clearer insight into the challenges facing our nation’s founding principles today.
Critically, this transition was not merely a legal technicality; it signified a shift towards a system where the federal government assumed greater control over the newly created category of federal citizens.
This hidden history is not merely an academic exercise; it is a quest for truth and understanding. Not just for Americans, but for all of humanity that seeks sovereign individuality.
It is a call to reexamine the foundations upon which our laws and institutions are built and to question the narratives that have been passed down through generations.
We must remember that the real history is far more complex and intriguing than the simplified versions we have been taught.
It is time to uncover why the original Constitutional Republic called The United States of America no longer exists in the form it was intended, and why this matters for every American today.
The Act of 1871: The Beginning of the End of American Self-Governance
At the heart of this exploration is the pivotal year of 1871, a time of profound transformation that redefined the United States’ legal and financial landscape.
This period, situated just after the Civil War, marks a crucial juncture in American history, a moment when the nation found itself grappling with the immense burdens of war debts and the daunting task of reconstruction.
It was against this backdrop of financial desperation and national vulnerability that the Act of 1871 was enacted, laying the groundwork for a seismic shift in the nation’s governance structure.
The post-Civil War era was marked by significant economic pressures and the looming influence of international bankers, notably the Rothschilds of London.
The Civil War, while primarily a battle over the moral and economic fissures created by slavery, also served as a stage for less visible but equally significant conflicts.
Among these were the strategic maneuvers by international banking interests, notably European financiers, who sought to extend their influence over the burgeoning American economy.
The war had left the United States in a precarious financial state, teetering on the brink of bankruptcy, and it was under these dire circumstances that Congress was compelled to act.
The legislation known as the Act of 1871, officially titled “An Act To Provide a Government for the District of Columbia,” was ostensibly passed to create a more efficient governance structure for the nation’s capital. However, the implications of this act were far-reaching, establishing a separate municipal government for the District of Columbia, a federal territory not exceeding ten square miles.
This act was not merely administrative; it represented a fundamental change in the nature of American governance.
The underlying motives for the Act of 1871 were complex. Financially drained and seeking to avoid direct borrowing from international bankers, who were already tightening their grip on global economies, the U.S. government found itself in a quandary.
The act was a strategic response to these pressures, facilitating the creation of a municipal corporation that would operate under a different set of rules than the original constitutional framework.
This new entity, known as the “United States” in a corporate sense, marked a departure from the Republic established by the Founding Fathers.
Critically, this transition was not merely a legal technicality; it signified a shift towards a system where the federal government assumed greater control over the newly created category of federal citizens.
This was not merely an administrative decision; it was a strategic move that laid the groundwork for the creation of a corporate entity known as the “United States.”
These citizens, now subject to the municipal laws of the District of Columbia, found themselves entangled in a web of statutes and regulations that diverged from the freedoms promised by the original Constitution.
The Act of 1871 thus laid the foundation for a dual system of governance, where the principles of the Republic and the dictates of a corporate entity coexisted in an uneasy balance.
The consequences of the Act of 1871 extend beyond the legal realm, touching upon the very identity of the American nation and its citizens. By redefining the framework of governance, the act facilitated a subtle yet profound realignment of power, placing the United States on a path that diverged from its founding ideals. This historical juncture, though often overlooked, is essential for understanding the contemporary challenges and debates surrounding freedom, sovereignty, and governance in the United States.
The Transformation from Republic to Corporate Entity
The United States of America, conceived as a beacon of freedom and democracy, underwent a profound transformation that is neither widely acknowledged nor understood.
This metamorphosis from a Constitutional Republic to a corporate entity was catalyzed by the Act of 1871, a critical yet often overlooked moment in American history.
This act, ostensibly designed to provide a government for the District of Columbia, effectively redefined the very fabric of the nation’s governance and its relationship with its citizens.
The Role of the Act of 1871
The Act of 1871 was passed during a period of vulnerability for the United States, following the devastation of the Civil War.
The nation found itself weakened, financially depleted, and in need of a mechanism to restore its coffers without succumbing to the influence of international bankers. It was within this context that Congress, under its constitutional authority, established a separate municipal government for the District of Columbia.
This was not merely an administrative decision; it was a strategic move that laid the groundwork for the creation of a corporate entity known as the “United States.”
Enter the Rothschilds: Economic Pressures and Foreign Bankster Influence
The post-Civil War era was marked by significant economic pressures and the looming influence of international bankers, notably the Rothschilds of London.
These financial powerhouses sought to extend their reach into the recovering American economy. The United States government, in an attempt to maintain sovereignty and avoid direct borrowing, issued Greenbacks – creating America’s first, official fiat currency.
However, this move was insufficient to fully alleviate the financial strain.
The Act of 1871 represented a compromise of sorts, a way to restructure the nation’s financial system without directly engaging with these international entities.
From Republic to Corporate Governance
This pivotal act signified a departure from the original Constitutional framework envisioned by the Founding Fathers. The creation of a municipal corporation for the District of Columbia introduced a new layer of governance, one that operated under a different set of rules and principles than those of the Republic.
This new government form was not merely a municipal entity; it was a corporate body that held sway over the District of Columbia, and by extension, had implications for the governance of the entire nation.
The Impact on American Freedoms
The transformation from a Republic to a corporate entity had far-reaching implications for the concept of freedom in America. The liberties and rights guaranteed under the original Constitution were gradually supplanted by a system of statutory laws and regulations that favored corporate interests.
The sovereignty of the individual and the state was undermined, replaced by a legal framework that prioritized the interests of the newly established corporate entity.
[To be continued in Part 2: The Role of International Bankers in America’s Incorporation]
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