"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions." 17 hours ago
We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.
Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow.
The logic of power imposes itself. America will not remove its forces from Iraq by peaceful means
Information / Baghdad...
The logic of force or resorting to the language of weapons is one of the very available options to remove the American occupier from Iraqi territory, as history imposes itself and recreates its events through what happened before 2011 of jihadist operations and painful blows by the Islamic resistance Against the American occupation and its bases spread in the country.
These strikes prompted the US administration at the time to negotiate a withdrawal from Iraq, despite Washington's many options that could constitute a pressure factor on the federal government to ensure the presence of its forces militarily on the ground of Iraq, but the popular rejection imposes itself and puts dots on the letters in order to get rid of the American occupier.
Hussein al-Karawi, head of the organizing body of the popular movement for the Belt and Road, told Al-Maalouma that "the historical facts with the American side confirm that its military forces will not leave Iraq by peaceful and diplomatic means."
He added, "Their exit from the country in 2011 was preceded by successful strikes and major jihadist work by the Islamic resistance factions to ensure their expulsion from the country."
...This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has ben cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come.
Already we know that what has been accomplished in the de-dollarization process is hard to undo at that point and would only lead to more mistrust of the government and the CBI banking system if they decided to turn back. So, there is no turning back and they must move ahead. But when? What is holding it up?
Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling. We must take this solid evidence and use it, not some stupid rumors.
So, my contact in the CBI could NOT answer these questions either, when I asked it. I was told it is now a “political” issue with the Biden administration in the USA. This did not surprise me a bit but to hear it from my contact in Iraq but did surprise me since even now they too recognize political games are getting in the way of Iraqi monetary sovereignty. There is a very good article in today’s news that might sum up what my CBI contact was talking about. I quote from the article – “ The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, warned of European-American attempts to drag Iraq through economic projects towards normalization with the Zionist entity, and the implementation of a new plan in the region.”.
To me this tells a tail of western manipulation of the Iraqi economy and pressure not to let them make their own decision on how to run their own country. If you go to the articles section you can read my further comments on this issue. It is under the article title – “AL-KARAAWI WARNS OF ECONOMIC PROJECTS THAT WILL DRAG IRAQ TOWARDS NORMALIZATION”. But I ask whose version of normalization? Will Iraq succumb to the globalist One World Government bullshit empire or will they truly be able to regain their true identity as a FREE nation? They see it too and how the WEF and the UN are attempting to manipulate countries. They are not dumb. This I believe is the struggle that is ongoing between the west (US and UK) and Iraq and very possibly the issue as to why we have not yet seen what we are being told to expect and the delay. I can’t give you all the details as I do not know them and will not lie to you or make something up. But I can smell something really fishy and it stinks! ....
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
Member: Good Evening…….Well its now officially Ramadan for the next month. Really hope that will not stop the RV.
Member: Did your bond contact have that 4:00 meeting today?
MZ: That 4 pm meeting got moved to tomorrow morning around 10AM. Est. I hope to have an update by tomorrows stream .
Member: For Canadians: Royal Bank of Canada has recently taken over HSBC private wealth clients, & has been Basel lll compliant since April 2023.
Member: Did anyone hear the rumor that on March 14th the ATM’s will have the new money?
Member: I asked the teller at Chase if the ATM’s will have the New Money? She had a smile on her face and told me I cannot confirm nor deny!!!
Member: If we RV before banks go down. Don’t we lose access to our new money too???
MZ: If we RV before banks go down…as we understand it will all then be asset backed and we will have nothing to worry about.
Member: Mark I am starting to think this is all bullcrap …please talk me off the cliff
MZ:Were you paying attention yesterday morning? Did you see the article yesterday where they are “OPENLY” talking about changing the rate …and we know they have formed a committee to educate folks on the repricing because of changing rates. We know its going to happen…it’s the “when” that is still the monkey on our backs….
Member: so, has the dinar RV’d at .76 Cents???
Member: the dinar hasn’t RV’d. Until it’s on the Forex (not Forex Live) then we won’t know the actual rate. The .76 is only the delete the zero rate and the REER (Real Effective Exchange Rate) hasn’t been added
Member: was thinking. 76 rate could that be just in country letting that float
Member: If Iraq were to delete the zeros and go from 1,320 to 1.32 per usd how long do you think that would last? Seems low ?
Member: Melody Hines was saying this afternoon that Iraq’s working through Ramadan there has been some debt forgiveness in the country
Member: Just tried to pull up USD/IQD on Forex Live and it is now not showing anything. Not sure what’s going on there.
Member: Went to my local bank yesterday and asked to buy some Dinar's and she smiled and said we can't sell them at this time !!!! Things are crazy !!!
MZ: In world news: “Vanke-The Developer that will break China’s back” This is one of the most respected in China and may be forced to sell for liquidity. This may be the last straw in breaking China’s real estate bubble. If it cascades and brings down their entire economy. And that would cause a domino effect in Europe because they are heavily invested in Asian banks. And that will lead to failures in the US because we are invested in Europe. Follow the dominos as they fall from east to west.
MZ: This is a big one to watch. The time for a reset is nigh. They don’t have a choice.
Member: Thanks all….have a nice evening….See you in the AM
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"The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."
This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq.
Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq's currency.
The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade.
If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate.
Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process.
Will American forces leave Iraq through negotiation?
The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, on Tuesday ruled out the exit of the American occupation from Iraq through the ongoing negotiations between Baghdad and Washington, to end the military presence of the forces of the so-called international coalition.
Al-Karaawi told Al-Maalouma, “Historical facts with the American side confirm that its military forces will not leave Iraq through peaceful and diplomatic means, as their exit from the country in 2011 was preceded by successive strikes and major jihadist work by the Islamic resistance factions to ensure their expulsion from the country.”
He added, "America seeks through many ways to remain militarily inside Iraq, despite the presence of ongoing negotiations between the federal government and the American side regarding military withdrawal from Iraqi territory."
He stated that "Iraq has the ability and potential to protect and secure its lands and preserve them from any risks that may be exposed to them, and it also has the potential to secure the path to development and other economic projects without the need for the presence of any foreign military." link