Whiskey and Wisdom with MarkZ, MikeB, and Zester. 07/31/2024

At An American Request, The Iraqi Central Bank Is Moving To Merge Banks Prohibited From Dealing In Dollars, 31 JULY

  Economy     breaking     US Department of the Treasury     Central Bank of Iraq     US sanctions     Iraqi banks   2024-07-30   Twilight News/ Informed sources revealed, on Tuesday, the existence of a new American request to the Central Bank The Iraqi bank includes merging banks banned from dealing in dollars in the currency auction.  She said Sources told Shafaq News Agency,

 “The US Treasury and the Federal Reserve A request from the Central Bank of Iraq to merge and close banks restricted from using the dollar Some distressed banks.

She added Sources said,   “The Central Bank of Iraq is required today to take rapid measures to merge And closing troubled banks in order to return to banking, which reflects positively on The exchange rate, and for this reason the

Central Bank contracted with an international company to present a plan for the sector Banking, which will include merging banks and closing some of them.”  And revealed Informed sources said,

 “This company, on the recommendation of the Americans, is similar to the work of K2 Company, without revealing its name or disclosure more details".  https://shafaq.com/ar/اقتصـاد/بطلب-مريكي-المركزي-العراقي-يتجه-لدمج-المصارف-الممنوعة-من-التعامل-بالدولار    

BRUCE BIG CALL, PART. 2, 31 JULY

 why am I bringing all this fudishuary up?

Because, with that done, when that does happen, that is our green light.

Now, you can say that we have the green light from Treasury, but until that information gets loaded in, no funds can move to those holder's accounts.

Now, we need for this to go and we are kind of the most important part of all that's happening.

Because when we get started...

Hold on a minute.

(phone call)

So, when they get this icon,

we'll call it spinning circle,

to clear, it's going to be good because it's going to tell us

that we have the green light and we're ready to move forward, that's what we're hearing from these paymasters that

everything is complete.

Everything is ready with the ride and they got that problem solved, what I mentioned, and it's ready to move.

We're ready to move forward.

Now, we're being told that we should either get notified tomorrow, which is the last day of the month, Wednesday, and start exchanges on Thursday, the 1st of August, or we'll get notified Thursday morning and get started Thursday.

Either way, we win, 

but this is interesting that we're getting down to the wire.

We've got good information that's saying that it's..

We're ready to go.

The green light has been sent from Treasury, and now we just need for the paymasters to move funds.

And I remember the thought I had.

There was a thought...

By us going in for our exchanges and our redemption of ZIM, we are hydrating the bank.

When we exchange and put money into these accounts that we are opening,

not the quantum account, but the actual Wells Fargo primary account, I'd call it, right?

When we do that, we're beginning to hydrate the banks.

Because some of the banks are essentially .. almost bankrupt,

they don't have the funds, we're going to rehydrate those banks.

And remember, the people that are redeeming us and exchanging our currencies,

they also pick up 0.025%,

0.025% of the transaction.

The bank also picks up 0.025%, that actually turns into some real money, that low, tiny percentage of 0.25% will turn into real money so by us doing that and going in, especially with ZIM, but with other currencies as well,

with ZIM, it will really begin to stabilize the banks.

And that's a very, very positive aspect for us to see that going there.

Now, what else is going on?

It looks like we should get notified tomorrow, and if not, we should get notified Thursday morning and start Thursday, so be prepared for that.

This should be a really good end of the week, first part of August.

I told you guys we should have R&R, restitution and reclamation allowance, in the first week of August, and that is going to be great.

So, and that applies to people that are 28 years of age and older.

Now, if you're already getting Social Security, or you're 60 and older, 62 and older getting Social Security, you'll get that in the same bank account where your Social Security is being direct deposited.

Okay, so that's something to look for in the first week of August

So, I don't think there's a whole lot else that we need to talk about.

You know, we know that they plan to offer us the contract rate on the dinar that we have.

Pray this to happen

US Treasury Pressuring Iraq to RV/RI🚩End Of July Still Possible?🤔Dinar R...

Experts: The Stability Of The Dollar Depends On The Creation Of A “New Platform” With Iran And Syria, 31 JULY

 Economical 07/31/2024  Baghdad: Ahmed Al-Janabi   Financial and economic specialists believe that the stability of the dollar exchange rate depends on creating a new platform for trade with Syria and Iran, and dealing with countries banned from the dollar in another currency. Euro or Chinese yuan.

 Yesterday, the exchange rate in the parallel market recorded 149 thousand dinars for 100 dollars, although the official price in the Central Bank is 132 thousand dinars for every 100 dollars. Economic affairs researcher Mustafa Al-Faraj said in a statement to Al-Sabah that  “the parallel market for the dollar is facing great pressure.”

By merchants and travelers to Iran, Syria, and other countries banned from the dollar,” noting that  “this increases the demand for the dollar and thus prices rise.” 

He pointed out that  “the solution to this problem lies in finding a new platform with those countries and   dealing with them in a currency other than the dollar, such as the euro and the yuan,   with the importance of finding an appropriate formula for the US Treasury  that removes sanctions from our banking sector.” 

Al-Faraj explained that  “Iraq lacks economic diversification and depends entirely on oil, which has weakened other economic sectors,” explaining that supporting the productive sector can limit the depletion of hard currency imports.

 For his part, the official spokesman for the currency market in Sulaymaniyah, Jabbar, explained  Curran said,  “The rise in the dollar this time is not linked to a political or economic crisis or external factors, but rather  it is linked to the actions of the Central Bank of Iraq, and it is possible that the bank will control this.” Height".

He called on the Central Bank to “take sufficient measures that can reduce the scarcity of the dollar in local markets.”

 In addition, economic affairs researcher Alaa Al-Fahd expected a gradual decline in the dollar exchange rate in the coming days, explaining that

this rise is common with the implementation of any new policy by the Central Bank of Iraq, as speculators try to exploit this in order to increase their gains.  He added,

"The Central Bank of Iraq has discussions and procedures with the US Federal Bank in order to control the exchange rate in the parallel market, and we hope that these discussions will produce positive results."     https://alsabaah.iq/100272-.html

BRUCE BIG CALL, 31 JULY

 BREAKFAST WITH TIFFANY

BRUCE BIG CALL

7-30-2024

What's been happening

is we have been looking for notifications, 

I knew we were getting close to the end of the month, and when that happens, like it did this week because we're so close to the end of the month, tomorrow's the last day of the month, 31st, Wednesday, I said, okay, here we go.

So, we're more than likely going to get notifications and possibly start on the 1st of August.

Well, that is pretty much what we're getting right now.

The thing that was sort of the last minute, I don't know how last minute it was, it was something that was holding this up.

Evidently, there were five small banks in Iraq that were still exchanging with Iran in USD, fiat currency.

You guys know that the fiat dollar is basically dead everywhere except here in the United States.

Canada's not using it.

Mexico's not using it.

Vietnam's not using it.

And Iraq is not supposed to be using it.

So, as the fiat dollar, our current fiat dollar, is being taken to an absolute minimum, they're collecting and trying to eliminate banks that are using Fiat dollars.

And there were five small banks in Iraq, that were doing this trading, essentially, with Iran and the Treasury consolidated those five banks into one entity and took it over, so to speak so, that wouldn't happen anymore.

That was an issue that was solved in the last couple of days.

So, that's fairly recent.

The other information is that today, some of the bankers and some of the .. let's call them paymasters, that are tied in with Wells Fargo and HSBC and Bank of America, we're working to get the information.

The information consolidated and working to basically get everything finished.

For example, a meeting today that was supposed to go three and a half hours went five and a half hours.

And that was some of the information that I got late.

You know, this has been a situation in the last couple of days where we should have had, you know, results.

And that we heard even, what day was it, Friday night?

And I think even last night, Monday night, they were staying up late to try to get everything lined up, everything ready to go.

This could happen now.

Well, it adds up ...'

It adds up that the meetings that finally, it appears, have come to an end.

There are emails that have gone out to some of the paymasters that are involved in bonds and paying out their bond holders that they're working with, and we know that, you know, they're waiting for four emails to come out.

One from Wells, one from Bank of America, one from HSBC, and an email from Treasury.

Well, the last day or so, they got emails from each bank, but not from Treasury.

And so the one from Treasury, the only one was to give the so-called green light to let us know when we're going to be notified.

Well, it's so strange because we had confirmation on the bank emails, and that was all good.

But where is the Treasury email?

Well, we finally got confirmation that the Treasury's email did come out.

We didn't get it at the prescribed time, but about three hours later, tonight, and now the whole thing is okay.

We've got that.

Now we understood that some of the paymasters... will be able to receive that email, be able to begin their passcode and ID and then they would be able to fund their bottom members, because we knew the money was moving around and was ready to be utilized and moved into these accounts.

And it was money moving to the banks for our accounts, for exchanges, 

So, where's the event, all four emails were finally received, your center, your passcode, and ID, they got a spinning icon on their screen in other words you never notice how sometimes the computer buffers just or youtube just seems to just pauses and you kind of go .. 

what happened,  you know why isn't it rolling why isn't it doing anything, it's just giving you this rolling circle of nothingness,  well that's where we are right now, the paymasters were told just leave it alone don't mess with it, leave it alone, just let it resolve in the morning, it's the theory, it should resolve itself, now,

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