“The coming months will probably see financial institutions such as sovereign wealth funds, pension funds, and endowments start to trade in the spot ETFs, Mitchnick said in an interview.”
Institutional money is beginning to trade within spot Bitcoin ETF. This will provide continuous liquidity and a use-case scenario for Bitcoin. The days of Bitcoin going to zero are fading away rapidly.
This will provide a use case scenario for Bitcoin and solidify a foundational framework for the new digital economy to expand from going forward.
FIREFLY:The completion of the Investment Law is on television.
FRANK: That's big! That's Big! ...This is really good news.
FIREFLY:Saleh is on the television right now...saying that the parallel market is almost at the official exchange rate and that is the rate they're seeking. He calls on a floatation of the dinar saying to us this will get the rate where it needs to be.
FRANK: Oh my goodness it doesn't get any better than that...This is a deeper explanation to you Iraqi citizens on the next steps of the monetary reform the CBI is accomplishing with you.
All of this was the result of the agreement from the CBI meeting at the US Treasury...
FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency. He says Iraq now has a soft peg and...the float is not necessarily as a fixed rate...
FRANK: The monetary reform education is explaining the reason why you don't need a basket...They are also expressing you don't need a float. That's because your reserves are so powerful...But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level.
They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar.
FIREFLY: Saleh is saying the start of implementation of the government and banking reforms has started.
FRANK: Woohoo! ...The new exchange rate is the pivotal role they are about to give them...
Welcome, everybody to the big call tonight. It is Thursday, May 2nd and you're listening to the big call. Thank you satellite team for connecting everybody all over the globe. I know last Tuesday we heard that that we had to call out throughout Iraq. They were your confirmation that they got it there, and were listening. So that was kind of cool. Of course, we think getting out to anywhere from 190 to 200 countries on every call with as many as 18 - 18 and a half million listeners. So we're really thrilled about that.
And thank you for listening big call universe for being here. Sue’s here – Bob’s here – I’m here - and we're ready to start a call. So let's do this. Let's all get into the attitude of prayer and let's pray the call in.
All right, we're in the month of May - May 2. Wow. Well, we're here. And the good news is that I have some good news for you. What's, what's happening right now and of course, we're always basing this on modified shot gun start with our tier three bond holders that have been told they were getting their emails today and have not yet received them. So they haven't gone yet. We haven't gone yet.
But what we are hearing as of today is - first let’s talk about Iraq - Iraq is tentatively - based on acute education we received before this morning, Eastern Time. They are tentatively going to celebrate what's called financial inclusion – tomorrow –
Now, financial inclusion, to me sounds like they're part of the world system again - They're part of being a trading entity with a currency, the Iraqi dinar - that has been revalue and is about to be put out with an international rate for everybody to see –
Now remember, we have the Iraqi dinar trading on the screens for weeks now. Or what the rates have been - Are we know - we know that they've been - today's bank screens and redemption center screens are showing the currencies flickering, the rates flickering on the screens.
That means they're changing. They're trading up or down and they're about to be tradable for us - so tentatively tomorrow, celebration for Financial Inclusion to start in Iraq That's good news.
Then we got some other information. - And this is about what -- remember we talked last Tuesday about the idea of the global takedown.
These were arrests that were occurring. I said that should take at least two or three more days. Hopefully none. But it should not affect our start. At least that's what I was told Tuesday.
Hopefully it does not affect our start. But what's interesting is one of the three letter agencies that begins with C was one of the ones that they are really doing their best to clean up.
This is a cleanup like I said, and President Trump is still a commander in chief CIC is doing what President Kennedy JFK had attempted to do, but was not able to complete - Trump has taken over that and is following up on that responsibility. Still very much in the picture, and I heard I think yesterday that Arizona had overturned their election results from 2020.
( Small portion political not allowed)
The other thing I told you guys was we're waiting for three green lights.
Green light from military, green light from the Treasury, and green light from Wells Fargo, and then the email notifications go out and we move through the exchanges. Well, I didn't realize until yesterday – either I was not told – or it ws not clear to me - that the military gave the green light on Monday
So we have the Military green light - that’s one down and two to go - those.
We need treasury and we need Wells. And that is boom boom. Here we go -- 800 numbers received – set appointments – and then do exchange
The same person who brought that information about that timing also said in a very short text very short. All it said was five / four, which is May 4 which is Saturday – 5/4 “Be Ready” - and that was it - short and sweet. What does that tell us? I don’t know but its telling me I better be ready on Saturday -- we got to be ready for something –
Maybe that is when everything is unleashed - we get the other two green lights – and these emails come out -
So that’s what I hoping – that;s what I hope it means - 5 / 4 BE READY!!
So intel looks good - from Iraq”s perspective - they are going to celebrate financial inclusion – starting tomorrow – if we’re getting action on the global takedown – on the third day of that - like that started early, very early Tuesday morning – and it’s now Thursday night. So we are in it to win it - and we're looking good at as far as that goes. And guys, I think we are just about hopefully to hear about the start of the emails.
Oh and the other thing about the bond holders when they get those emails they will have access to 100 – 200 million dollars of their account - some of the bond holders will have way more than that - but that is their initial amount - maybe that 30 day - I don’t know how many days - but that is good news - they will have liquidity – we will have liquidity - and as I mentioned earlier, if we’re exchanging - which we are - redeeming zim - our Restitution and Reclamation allowance is to be added on top of our exchange - should be given - . Oh, by the way, here's your R & R - They should give some explanation for it. And this is this amount. And that's thrown on the pile and go on our total
And the same thing could be true. I understand. If you're in prosperity and getting the prosperity package that also if you'd let them know, by the way I’m in prosperity, they should know that about you and then be able to add that amount to your total at the time of our exchange.
So that's really everything I've got to give you guys tonight - there was a little piece of intel I was hoping to get during the call that did not manifest. And there's a little bit more tonight but it is late tonight
So I'm gonna say we’ve got enough to say grace over – it is national prayer day – so let’s pray this call out - with a prayer for national prayer day for all of us . Okay.
“I just received great news from Brazil. It’s going to be the greatest transfer of wealth in the history of mankind. We will soon be crossing the finish line. Get ready. A lot of things are happening. There are a lot of people under NDAs.
My sources, which include the Central Bank of Brazil, say it’s looking good. I have absolute faith we will have good news by Fri. 3 May. Everything is ready to go. Everyone is happy. I’m very confident that this is our week.”
Thurs. 2 May Wolverine
“I just received great news from Brazil. It’s going to be the greatest transfer of wealth in the history of mankind. We will soon be crossing the finish line.
Get ready. A lot of things are happening. There are a lot of people under NDAs. My sources, which include the Central Bank of Brazil, say it’s looking good.
I have absolute faith we will have good news by Fri. 3 May. Everything is ready to go. Everyone is happy. I’m very confident that this is our week.”
----
Mon. 29 April Wolverine:Beginning April 30, 2024
there will be a Market Reset in all Market sectors, including Forex. Everyone is ready. The Depository Trust Company has sent notice that Corporate notes or bonds, Crypto currencies, Bitcoin, or any asset in the future that is not backed by a commodity has a risk of decline in value (based on real-world assets) when the market resets to a new set of values that begins onTues. 30 April.
(The Depository Trust Company, founded in 1973, is a New York corporation that performs the functions of a central securities depository as part of the US National Market System).
Parliamentary Oil: Political consensus is absent from the Oil and Gas Law
MP Kazem Al-Touki, who is a member of the Parliamentary Oil and Natural Resources Committee, confirmed that there is no political agreement on the oil and gas law.
“The obstacles that hinder the passage of the law are political and not technical,” Al-Touki stated, “calling for their resolution through Baghdad, Erbil, and the oil-producing governorates to ensure the passage of the law.”
“The law will not see the light of day due to political differences and obstacles that prevent it from being finalized and handed over to the House of Representatives for reading and passing,” he continued.
That’s what he expressed “the remarkable oil issues among Baghdad and Erbil and the requests of the oil-creating governorates are factors that kept the public authority from finishing the draft regulation.”
He emphasized that “political consensus to resolve the law” is required.
