As June is rolling on…. We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors...I had a very interesting conversation...call to Iraq. I was told by the committee that all is geared up for the Project to Delete the Zeros...I was told that if they can retain the stability between the Parallel Market rate and the Official CBI rate of the dollar that we could see the next “official” rate change that we have been waiting for some time in JUNE...WOW! ...Nothing is certain on any dates because it is all dependent on the market and what it brings. They cannot predict this. But...my contact in the CBI did sound optimistic and that something BIG could or is about to happen and happen much sooner than later...
This month I believe is going to be a critical month for us investors...
Article: "CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE” I would consider this “WOW!” news.
Quote: "... the issuance of new cash denominations, large or small, will not affect the dinar exchange rate." If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. It only changes when the reinstatement back to FOREX occurs...the value is already in the dinar... only the rate, right now, does not reflect the true rate...
Why...on May 27th did the CBI make this announcement about the issuance of newer lower denominations? Could they be heading into June for the redenomination of the three zero notes?
Article quote: “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,”
The rate of the dollar to the dinar will NEVER be in the budget...NOT GOINGTO HAPPEN! ...The budget is dependent on the price of oil.
Adviser to Sudanese: Implementing the budget schedule instructions will not take long, and amendments may be made to them
Mazhar Muhammad Saleh, Prime Minister Muhammad Shiaa al-Sudani’s financial advisor, denied that instructions for putting the 2024 federal budget schedules into effect would be delayed.
“I don’t think that the instructions for implementing the federal general budget, according to the financial schedules related to the fiscal year 2024, which were recently approved by the House of Representatives will take a long time to be issued,” Saleh stated.
He made the observation that “the basic instructions for implementing the budget that were issued regarding the tripartite budget issued under Law No. 13 of 2023, which are currently in effect, are sufficient and effective; however, there may be modifications that necessitate modifications or additions to the current instructions in accordance with the country’s financial situation. at the Federal Ministries of Planning and Finance as a facilitator.
After making modifications to a number of expenditure schedules and financial allocations for the development of the governorates, the House of Representatives voted on June 3 to approve the schedules of the Federal General Budget Law 2024.
The total financial budget was 211.9 trillion dinars, or more than 153 billion dollars. This was an increase of 7% over the budget for the current year. Employee salaries were also significantly higher than last year’s, when they were about 59 trillion dinars.
The budget estimates that the Iraqi state’s general revenues are approximately 145 trillion dinars, resulting in a 66 trillion dinar deficit. The government claims that the difference in the deficit caused by high oil prices will be reduced.
Granting the government authority to transfer funds between ministries and various investment amounts for service and infrastructure projects throughout the country’s cities was one of the most prominent amendments to the current budget that was examined by Parliament’s Finance Committee.
The total salaries of employees increased from 59.2 trillion dinars to 63.4 trillion dinars, or 4.2 trillion dinars, and the costs of care networks and government subsidies increased from 24.5 trillion dinars to 26.9 trillion dinars, or 2.4 trillion dinars, making it clear that the country’s cost of public operating expenditures had increased.
The International Development Bank has signed a partnership contract with the Kurdistan Regional Government to implement the “Hesabi” project, which aims to localize the salaries of the regional government employees.
This important step coincided with the bank’s efforts to expand the region, as part of its strategic plan aimed at strengthening its business and increasing the number of its 3 branches in the region at the present time. This partnership is a great achievement within the framework of efforts aimed at spreading and promoting the culture of electronic payment and achieving financial inclusion, in implementation of the directives of the Central Bank of Iraq. The International Development Bank aims to continue its efforts in the field of deploying electronic payment methods in the region, by activating more ATMs and POS bank points of sale. The bank also plans to open its fourth branch in the region this year.
Aziz Ahmed – Deputy Director of the Office of the Prime Minister of the Kurdistan Regional Government praised the efforts of the International Development Bank and its contribution to the development of the region’s financial system, by providing various facilities and financial services that contribute to achieving this purpose. For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of the regional government employees and provide all facilities that contribute to achieving this goal smoothly and flexiblely.
How Historical Off-Ledger Gold is Funding a Gold-Backed RV/GCR
The repurposing of historical off-ledger gold and illicit global trading platforms to fund a gold-backed RV/GCR is a complex story rooted in clandestine operations and an incredibly vast hidden wealth.
While this information is the subject of much conspiracy and debate, I will lay out the origins of this hidden, off-ledger gold, its secretive Bankster abuse, and its preparation to reset and replace the global fiat currency financial system.
Operation Golden Lily and the Discovery of Hidden Treasures
In 1944, Japan launched Operation Golden Lily, a covert initiative to plunder treasures from twelve Asian countries.
The Japanese military, led by General Tomoyuki Yamashita, systematically looted museums, banks, gold reserves, private art collections, and even sacred graves. The aim was to amass vast amounts of wealth to fund Japan’s military, political, and economic ambitions for the next thousand years.
The stolen treasures were hidden in complex tunnel systems and deep underground vaults across the Philippines. These tunnels were strategically located near landmarks such as hospitals, schools, churches, mountains, and waterfalls to evade detection.
However, as Allied forces advanced, particularly the United States, they managed to uncover these secret vaults, seizing billions in gold, platinum, precious gems, and cultural artifacts.
The Role of the Black Eagle Trust in Post-War Fi
nances
Following the discovery of the hidden treasures, the United States established several secret funds to manage and utilize the seized assets.
The most notable of these was the Black Eagle Trust. Financed by the recovered Japanese plunder and Nazi war loot from Europe, this off-ledger trust became a cornerstone of a clandestine financial network and it was used for covert operations and influenced global political dynamics.
Two significant funds emerged from the Golden Lily treasure: the Yotsuya Fund and the M-Fund.
The Yotsuya Fund leveraged the vast wealth seized by the US military, while the M-Fund, named after Joseph Keenan, the chief prosecutor in the Tokyo war crimes trials, further utilized these resources.
The M-Fund played a crucial role in Japan’s post-war economy, supporting pro-US leaders and policies.
Gold Treaties and Global Gold Trading Platforms
The influence of the Golden Lily treasure extended beyond Japan.
After 1965, President Ferdinand Marcos of the Philippines emerged as a key figure in the saga. As a close ally of Washington, Marcos claimed a portion of the hidden gold, using CIA aircraft, US Air Force planes, and US Navy ships to move the gold discreetly across borders.
To manage the vast amounts of gold, intricate networks of offshore accounts and private gold treaties were established. Operatives like Severino Garcia Santa Romana, an OSS agent, played crucial roles in setting up these accounts.
Santa Romana’s network included 176 bank accounts spread across 42 countries, all operating under private Gold Treaty agreements. These accounts kept the assets hidden from public view and financial scrutiny.
The immense wealth associated with the Marcos Gold and the broader Golden Lily treasure catalyzed the development of global gold trading platforms.
These platforms allowed the global elite and military-industrial complex to wield unprecedented power.
One of the most notable initiatives was Project Hammer, a covert operation with macroeconomic objectives to leverage assets, including stolen World War II gold, to generate private profits and fund secretive projects.
Implications for a Global Currency Reset (GCR)
The history of off-ledger gold, hidden trading platforms, and secret funds have been repurposed for a Global Currency Reset (GCR).
As the current fiat currency system shows signs of strain and potential collapse, the idea of transitioning to a gold-backed financial system gains traction. The vast amounts of off-ledger gold, accumulated and managed through operations like Project Hammer, provide a potential foundation for this new financial order.
The GCR envisions a world where currencies are backed by tangible assets like gold, rather than fiat money. The hidden wealth in off-ledger accounts, estimated to be in the trillions and possibly quadrillions (in today’s dollars), offers the necessary collateral to support this RV/GCR shift.
By repurposing these assets, a more stable financial system could emerge, addressing many of the issues inherent in the current fiat-based model.
Challenges and Delays
Despite the potential benefits, the implementation of the GCR faces significant challenges and delays.
Fraudulent claims to many trusts, funds, and trading platform accounts associated with off-ledger gold complicate efforts to mobilize the funds for the GCR. Over the past 15 years, numerous individuals and entities have falsely claimed to be the rightful heirs to these assets.
Another major challenge is the sheer secrecy and complexity of the off-ledger financial system. The hidden nature of these assets makes it difficult to identify, verify, and repurpose them for the GCR.
Additionally, the vested interests of powerful financial institutions and global Banksters who benefit from the current system pose formidable barriers to change.
Humanitarian Role of Off-Ledger Gold in GCR
Off-ledger gold trading platforms offer a template for the GCR.
These platforms have demonstrated how gold and other valuable assets can be used as collateral to generate significant financial resources. By leveraging these assets in a transparent and accountable manner, the GCR will create a more stable and equitable financial system.
One critical element of the GCR is ensuring that the repurposed assets are used for the benefit of humanity.
