Tuesday, February 6, 2024
Evening News with MarkZ. 02/06/2024
"GEORGIA TRUST BANK STORY FOLLOW UP" BY FRANK26, 6 FEB
Frank26
[Georgia Truist Bank story follow up from last week]
BANK VISITOR: The lady I was supposed to be speaking with was out with the flu... [A new financial advisor] calls me and honestly it was a little confusing because the guy...acts like he didn't know anything. In fact...he said...I'm pretty sure this is a hoax.
FRANK: First recording [story]...the lady says we know, we're preparing. Here is at the same bank with another officer that says [the opposite]...The same bank, you had people that know what's going on and then you have another person that doesn't know what's going on. One gives positive information and one gives negative information. They're both from the same source. That's the problem with a speculative investment. The evidence is out. It's not a secret...
"ANALYSIS OF IRAQ SITUATION : WHAT IS REALLY GOING ON WITH THE IRANIAN ATTACKS ON U.S. IN IRAQ?" BY MNT GOAT, 6 FEB
WHAT IS REALLY GOING ON WITH THE IRANIAN ATTACKS ON U.S. IN IRAQ?
Do you really want to know? Are you even a bit curious how these attacks began last year, when the de-dollarization kicked into high gear?
As you may recall I have mentioned many times about the Iranian Kud Forces and how thousands of these forces stayed inside Iraq following the war with ISIS. They were instrumental in fighting ISIS in Iraq. But the war is over, and it is way past time for them to leave. They taking jobs away from the Iraqi citizens and interfering in politics. Did you know Iraq was still funding these Iranian militia up until just recently when a bill went before the parliament to cut off the funding. Many of you ask me what is really going on here with all the bombings on the American military installations in Iraq. Talk of the U.S. pulling out of Iraq? What?
So, today I thought I would start off the RV Status section with the TRUTH about what is really going on in the regard to these bombings. This information is taken mostly from my CBI contact and U.S. military boots the ground. I cannot get into all the details with you as some of this information is not meant for us to even know. I will talk about the non-classified and so I will continue.
To begin, I will first say DO NOT believe everything you see or hear on the news about what is happening with the US military in Iraq. The U.S. military is in Iraq to stay at the request of the Iraqi government. The propaganda machine that is so much slanted towards anti-America is obviously coming from pro-Iranians inside Iraq, wanting a full pull out of all US Troops, again for obvious reasons I need not get into why. These Iranian bombing raids began as a result of the stance of the US government defending the Israeli position against terrorist attacks on Israel. Then the Iranian militia, already present in Iraq, felt it necessary to retaliate on the U.S. by striking targets of US forces. So, this came as an opportunity now that this can of worms was opened. It now became a justified excuse for the Iraqi government to meet with U.S. operations command in Iraq and finally devise a plan to slowly rid the country of the Iranian militia. This is now what is covertly going on.
What we are now witnessing is actually the progressive movement by the U.S. forces on these Iranian militia encampments at the request of the government of Iraq (GOI). The GOI is on a slippery slope here. It does not have the military resources, strength, nor desire to destabilize Iraq with yet another protracted war inside Iraq with any entity, including Iran. So, this is how this effort to rid Iraq of the Kud Forces militia it is being covertly carried out.
I want to add one more note. Just so you know, years ago the GOI and the U.S. asked the Iranian backed Kud Forces stationed in Iraq to pull out and they refused. This was just before the assassination of the carload of Iranian generals, including Quasim Soleimani, by the Trump administration. Go figure. So, we must ask who really is the “occupying” country in Iraq? Is it the U.S. or Iran? Remember to occupy a country means the military forces are present without the full support or consent of the country’s government.
I wanted to let all my readers know that this is all good news for us investors in the Iraqi dinar and can only help the situation to allow the monetary reform to continue to move ahead. We need to sit back and watch this slowly work itself out. But there is more……
"ANALYSIS OF IRAQ SITUATION:Can the CBI control the parallel rate?"BY MNT GOAT, 6 FEB
Can the CBI control the parallel rate?
I know, I know maybe we are all sick and tired already of hearing about this damned parallel rate. But this issue is still not resolved and at the forefront of issues holding back the progress of currency reform. So today in the articles we see more evidence and details for what is at the heart of where the problem stems in not balancing the black market parallel rate with the CBI official rate.
I will discuss this with you again today from yet another angle and I hope everyone get its it now. You can also go out to my 02/01 Newsletter in my archives and read about how oil sales payments as mandated in petro-dollars and what happens when countries decide to get off it.
You can see how manipulative this is and unlawful, this is for the US to demand it of Iraq, especially now since they are a sovereign nation and all their war reparations debt is paid off. Of course, the US always had an excuse to mandate the payments in Petro-dollars, but the excuses are running out and in the past were part of a solution to a situation that they created in the first place (i.e. 2003 war and a 10 year embargo). Get it? Unlike Saudi Arabia who agreed voluntarily to receive revenues in Petro-dollars, in Iraq this is not the case. The Petro-dollar was force upon Iraq and is now ruining Iraq and it is time, as we all can clearly see now, that they must end this cycle. It is causing more harm than good for Iraq. Iraq desperately needs to get off the Petro-dollar.
If Iraq did get off the Petro-dollar it would allow them to accumulate foreign currencies buying their oil. This way Iraq would have these other currencies to pay for imported goods and services.
Where are their foreign reserves besides U.S. Dollars?
Where do they come from now if 90% of the revenue generated from oil is all in US Dollars? Do you see it now, the dilemma?
So either they have to grow their economy to a huge extent and generate all kinds of exports (other than oil) paid to Iraq in foreign currencies (this will take decades to do) or they can switch from the sole Petro-dollars for oil and collect other foreign currencies for their oil revenue. Thus to obtain the needed foreign reserves to use to pay for imports. But the overriding question is – Do you think the US is going to let them get off the Petro-dollar any time soon? I have to tell you at least for now the GOI and Parliament are openly talking about it and the pressure is on.
There is yet another very interesting article also in today’s news that tells us something.
The former director of the Financial Supervision Bureau and expert in economic and financial affairs, Salah Nouri, “confirmed that the difference between the official and parallel prices of the dollar is normal” and “Given the unstable international situation, including the possibility of a drop in oil selling prices, and the US Federal Reserve’s emphasis on monitoring foreign transfers and the threat of sanctions, all of this encourages an increase in the dollar exchange rate.”
It appears we have two conflicting opinions on stabilizing the parallel rate. One says it is normal but it does not say it is not a problem for Iraq. Yes, just normal for the global situation now in the middle east. So, one might conclude hat if the situation in the middle east changes the CBI might be able to better control the parallel rate according to the measures already in place.
Coffee with MarkZ. 02/06/2024
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