Houston Texas and Dearborn Michigan...Al-Sudani arriving [motorcade]. I stopped counting when I got up to 50. You're telling me that all these gigantic monstrous vehicles that are escorting the Prime Minister of Iraq is bring a program rate to the world? You need this type of security for toilet paper value? Of course not...This is serious. When the delegation returns back to Iraq, we already told you IOO what is going to happen...
You know the competition that is going to be with those private banks from the CBI [in the US] with American banks?
It's going to be massive and people don't even understand that right now. American banks are going to come after you and they know you. They know who has dinars. The US Treasury will tell them...Yes, they're going to tell them. They already told them. This is massive what is about to happen...
Welcome everybody to the big call tonight - it's Thursday. April 18th and you're listening to the big call. Thanks for tuning in everybody again, we're enjoying your presence - and hopefully we'll all learn something on the call tonight. And move forward together as big call universe – and I anticipate that based on what I have to bring tonight, but I know what Sue’s going to bring will be great - and what Bob has will be good, very good, so we’re looking forward to having a good call.
Well, we talked about intel we have to talk about where we thought we were and where we are now.
We know that we have been close for this going for a matter of God who can say weeks - days, but the intel that we got right now I'll break it down for you – because we did get some things today that I think I'll clarify.
First of all, we have contacts. Let's say it this way. We have a bond paymaster with Wells Fargo- that just returned from Europe today - And he said, This is maybe three versions of this timeline.
First one is this particular paymaster from Wells - he said the bond holders should be receiving their emails, anytime, which would give them access to their funds - anytime after midnight central time tonight. So they might wake up tomorrow. Who knows? That's, for tier three bond holders.
So that finally looks like they're going to get notified after midnight – Central time tonight
Then - the same individual coming from Europe, is saying that, that we should be receiving our emails Saturday, Sunday or Monday. Maybe we exchange accordingly based on when we got them.
So that's a Saturday, Sunday or Monday - from this Wells Fargo Bond Paymaster –
Now - cut to a couple of other individuals that are older and have worked in some capacity with the Reagan Treasury and administration - these guys have been around the block more than once, and on a trip that they made from New York, today - South. They were able to say that in their opinion, we are going to receive our emails, either tomorrow or Saturday and then we'll exchange according based on whenever we received those emails –
That would be our notifications with 800 numbers either tomorrow or Saturday - okay - that’s fine =- we like that - and then finally we go to a bank that we’ve all heard of – not one of the Big 4 – but this particular bank is saying that we would be notified over the weekend which included Friday Saturday or Sunday -
So you see we’re all in that area of within a day or so of each other those three resources,
Obviously we want it sooner rather than later. we'd rather have Friday Saturday, but rather than Saturday Sunday – Monday – we would rather have that obviously -
So we’re looking forward to see which one manifests for us –
The other thing is the rates are doing very well – trending upward – but the new rate on the dinar of the 32 country's currency is going up in value - and should be out as an international rates.
Sunday after the Forex reopens – which is usually around five o'clock Eastern time on Sunday. That's when it reopened as close to 48 hours from tomorrow. Let's call it. five o'clock - until Sunday before it reopens again At about the same time Sunday evening, and the trading starts in the Far East - and it picks up in the Middle East , so on and in Europe – and England and then comes here
And we are so the currency is gonna be trading upward. They already have an idea where they're gonna land as far as rates on front screens at the redemption centers - are gonna be very, very strong. Don't worry about it - and that'd be a preferred place to go for exchanges and redemption Zim - not ast any particular bank
So -- we'll see how that looks - what that looks like - But I would say we should finally have an internationally exposed dinar rate Sunday evening. Because remember every Sunday is their first business day - On Sunday, so for us it will probably show up in our banks on Monday
We're not quite sure when we are starting obviously – we’re hoping we get something tomorrow or Saturday – in the way of notifications - but it doesn't give it all the way to Monday because that's where the Wells Fargo bond paymaster had it – as…… Saturday, Sunday or Monday
So you know it's kind of a widow of Friday to Monday - and we'll see what actually happens when it shows up. but that is I think very encouraging – finally -- finally had a new direction during the doldrums on Tuesday night not quite knowing what was going on.
What's interesting now is Charlie Ward was to have made an announcement today In Brazil -- we don't know if it was in Sao Paulo, or Rio.or where it was - but we're like, we don't even know what it’s to do with specifically – I have no information on it basically -
And he's also supposed to go to Africa in a couple of days. and we'll see if he says – and he’s supposed to make an announcement there. I don't know, where in Africa - . So, Africa is a large continent .
Question is, why? why Brazil? And why Africa? The first thing I think of is GESARA - I am thinking it has to do with the GESARA announcement - but we don’t even know if that’s the case – but that is what makes sense – unless he is going for some other reason - but it was to make an announcement in Brazil and then one in Africa in a couple days -
So things are definitely moving forward for us. I wish I could. be more specific that we had more information that we could talk about – and you know my goal is just try to bring what I hear
And why I brought you all three versions of when we are supposed to be notified - and we will see which of the three manifests for us – So Let's do this. I want to thank everybody for listening tonight
and we'll see what happens over this weekend. We're done. Let’s pray the call out –
There has never been this big a delegation from Iraq over here before…and so many partnership agreements being signed at one time. ...All the agreements being activated are about the Iraqi economy... They are also visiting in Michigan and Houston where Iraqi populations and Iraqi banks are. Also Bush Sr. arranged for the Iraqi CBI servers to be located in Houston...The US banks are ready…all the staff is in place.
All sounds very positive and silence these days is golden for sure...
[via PDK] Sudani has been in the US since Saturday and he met with Biden for an hour on Monday. Everything is now formally agreed too…Iraq is telling the people it is done and coming. The ABC agencies are saying to look for it between now and the rest of the week. The banks are hoping it will be tonight [Wednesday] or in the morning.
I think they are a little bit ahead of the game though. Logically and realistically I think it will be next week because all the key Iraqi ministers and officers are here in the US. I think they will wait until they are back on Iraqi soil...I hear they are putting up big screen TV’s all over Baghdad and other parts of Iraq for some big announcement when they get back. We don’t know what that announcement is…but, I can guess.
Oil continues to lose as tension in the Middle East eases
Economy | 04/18/2024 Mawazine News – Baghdad Oil prices fell, on Thursday, to their lowest level in three weeks, continuing their losses amid hopes for a decline in tension in the Middle East, which is one of the most important crude producing regions, while investors’ focus shifts to expectations of a decline in demand.
Brent crude futures fell only 60 cents, or 0.7 percent, to $86.69 per barrel, while US West Texas Intermediate crude futures fell 53 cents, or 0.6 percent, to $82.16 per barrel. Both declined for the fourth session in a row.
Prices fell by more than a dollar at their lowest levels during the session, and have also fallen by about four percent since the beginning of the week.
Investors are reducing the geopolitical risk premium on oil prices amid expectations that international pressure will succeed in curbing the severity of any Israeli response to the attack launched by Iran on April 13.
Ole Hvalby, commodity analyst at SEB Research, told Reuters that any new Western sanctions on Iran could be offset by increased production from other oil-producing countries, and their impact may be limited without Chinese cooperation.
According to Reuters data, Iran is the third largest crude producer in the Organization of the Petroleum Exporting Countries (OPEC), and a decline in the intensity of its conflict with Israel would reduce the possibility of supply disruption.
Analysts at JP Morgan highlighted in a note issued late Tuesday that global oil consumption since the beginning of April is 200,000 barrels per day less than expected, with an average of 101 million barrels per day.
The rise in US crude inventories also suppressed prices. The US Energy Information Administration said on Wednesday that crude oil inventories rose by 2.7 million barrels to 460 million barrels in the week ending April 12, compared to analysts’ expectations in a Reuters poll that inventories would increase by 1.4 million barrels.
Inventories rose with a decrease in refinery consumption at a time that usually witnesses an increase in refining activity in preparation for increased summer demand in the United States. https://www.mawazin.net/Details.aspx?jimare=246211
Article quote: "Removing zeros off the Iraqi Dinar can indeed impact liquidity issues in Iraq. By re-denominating the currency and removing zeros, the Central Bank of Iraq aims to reduce transaction costs and make it easier for people to carry less physical money.
With a lower denomination, larger amounts can be replaced with fewer notes...This can potentially enhance liquidity management within the country's financial system." So the deletion of the zeros could help Iraq with their liquidity issues...
What is the deletion of zeros of currency?
An action aimed at increasing the nominal value of money. Nominal value, NOT the exchange rate. Re-denomination, that's what this is. What is lopping off zeros? Same thing. Changes the nominal value. What is the removal of zeros off currency? ...Also known as deleting of the zeros...Re-denomination.
What is reducing of zeros off currency?
Re-Denomination. I'm telling you guys all those things are the same thing...You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn't change the value of your currency versus other world currencies. That stays the same.
