FRANK26: "ELECTRICITY POWERS THE REFORMS OF IRAQ".......F26
Minister of Electricity: Iraq has a "unique" geographical location for producing clean energy
10/9/2024
Baghdad
Minister of Electricity, Ziad Ali Fadhil, stressed today, Thursday, the importance of investing in clean energy in Iraq.
This came in a speech he delivered during his sponsorship of the conference to launch the electronic platform for qualifying companies specialized in solar energy systems, in the presence of government officials from several ministries, representatives of the Central Bank, and members of the Parliamentary Energy Committee.
The conference, organized by the Ministry of Electricity, aims to provide an electronic window for registration and pre-qualification of companies specialized in installing solar energy systems. Citizens can purchase these systems from licensed companies, by paying in cash, or through an interest-free loan from the Central Bank of Iraq.
In his speech during the conference, the minister said, "Iraq enjoys a unique geographical location that provides it with enormous potential in the field of solar and wind energy."
He explained that "this energy represents an opportunity to diversify the economy and create new job opportunities, in addition to improving energy security and reducing carbon emissions."
The Iraqi government has contracted to implement huge solar energy stations with a total capacity of up to 1,700 megawatts in the areas of Karbala, Muthanna and Basra, in cooperation with foreign and Iraqi companies.
Fadhel praised the Central Bank of Iraq’s initiative to support renewable energy by providing financial loans with subsidized interest to encourage citizens to install solar energy systems in their homes.
He also commended the efforts of the National Initiative Committee for Energy Support and Emissions Reduction, which has worked over the years to promote the use of clean energy in Iraq.
The minister added, "Launching the electronic platform through the Aur portal aims to establish a transparent and effective mechanism for selecting qualified companies to implement solar energy projects, which ensures the quality of services provided to citizens."
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: Welcome to another Friday Night before a 3 day weekend
Member: I really hope there is good news tonight…. I could use some
Member: I bet Mark feels like he’s driving a car to the beach and the kids keep asking “Are we there yet?”
MZ: We do have some interesting news for those willing to sharpen their pencils and think. “ Economic Researcher: The Iraqi budget enters the danger phase”
Mark goes into a lengthy discussion on this very long article….and speaks very fast. If you wish to hear this description of the article be sure to listen to the video.
MZ: This article is telling us we are about to see an exponential change.
Member: This is Petra, part of MM&Crew...Iraq has been removing currency and destroying it for years so IOO, there is much less than 100T. Let's say there is 50T...now drop 3 zero's...that's 50B. Totally within their ability to defend their currency at a higher rate!!
Member: Welcome Petra ……and thank you!
Member: in my opinion... their done, just waiting for the green light. so many promises, projects signed
MZ: “ The central bank continues the implementation of banking reform plans” They are telling us they are working on implementation…and they are getting a lot done. Inflation is not a problem for them
Member: BRICS is really taking about going back on the gold standard and a new currency called “The Unit”
Member: If Iraq goes gold backed….. Iraq has over 10 trillion in today's market value of gold holdings
MZ: “Gold in Iraq: A promising future for mining” this article is from 2015 but tells us how much gold they have in the ground ect. I had the privilege of talking with someone in the industry dealing with equipment….they have started moving a lot of gold mining equipment to Iraq. Iraq’s gold mining industry is starting to explode. They know they have a tremendous amount of gold and rare earth minerals there. . As a Matter of fact experts over there say they may actually eclipse their oil revenues.
MZ: Like Jaimie Dimon said “Iraq will be the economic savior of the world”
Member: How are you feeling about things Mark?
MZ: I am definitely feeling warm and fuzzy
Member: Another intel person says RV on Oct 22nd
MZ: That’s well within what I am hearing..Don’t know if that’s the exact date though
Member: The actual ‘clues’ were: it’s from many that Oct is our month, can’t tell us exact (asked not to); but it ends in “Y” , it has a 2; and he likes Tuesdays.
Member: Thanks Mark and Mods …..everyone enjoy your Friday night’
Member: And hoping this is a wonderful 3 day weekend for us all.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
I have to start off with my commentary today with some really good news, actually some WOW! WOW! WOW! news. Let me explain. No the RV has not yet happened, but we can see the path now and very clearly.
So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO). Please go read the news on this topic under the article titled “THE GOVERNMENT COMPLETES THE FILE TO JOIN “WTO”.
Now the arguments and rumors begin to fly in the dinar intel community from all the gurus and also from my blog readers. Why is this? I have already settled this issue as to whether Iraq needs a currency or not to join the WTO. Why do you still question it?
I will repeat the requirements now once again. The FACT is any country joining the WTO must have a currency. It does not require any country to have a currency that is traded on FOREX. Get it? It is that simple. However, having said this, don’t you think that combined with all the other news we have been reading over the last couple years that Iraq is moving to reinstate their currency back on FOREX and that this announcement only adds to this commitment? Go read the White Paper. Why are they de-dollarizing? Why in hell are they fast-tracking now all these financial reforms with the US Treasury? So, why all the talk on my blog about it then? Don’t you trust what I tell you? Stop speculating!
Please stop trying to pigeon hole the RV to one or a few events. AndI mean speculating just becasue of this recent WTO announcement. This DOES NOT make the RV imminent. Get it? Folks all these recent activities and events matter and the RV is a “by-product”of all these events not a singular event in itself. Get it? It is like a choo-choo train going down the tracks. It makes it stops to pick up, but it has a final destination. We all know what that is.
Then also think about what my CBI contact told us. What did she say? She said that after the election, if these crazy people are voted out of the government of the US, then there is a VERY HIGH possibility her committee would begin the process of the deleting the zeros and currency swap out in November. Then what did the prophet Kim Clement tells us? He told us it is going to be an “Hypnotic November”. What does he mean? Please go watch the video again if you don’t remember. What the hell do you think I am posting all this stuff on my blog for? Do you think it’s all for my health? Folks I already know all this information. I have already put this together the full picture and I can easily see it. The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.
I get a kick out these ignorant intel gurus, (and you know who you are because I know you are reading my posts today), who speculate and come up with all their fake dates and nonsense. How many times must we hear about this stupid NESARA being implemented, then nothing ever happens? When will these idiots get wise to who is providing their stupid form of intel? But the important part is when will YOU STOP listening to them.
What else is in the news this period of news?
I will only mention one other article that I give a one WOW! to. The title is “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS”. In this news we read that the CBI has completed the first phase of the banking reform process. They then go on to tell us what the steps were in this phase. Why is this important. First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map. It is all in the White Paper folks. It is the work on the Pillars of Financial Reform. It is exactly what I have been presenting to you in the articles and all the news we witnessed over these last couple years. Here is a recap from the article:
1.drawing up policies, programs and standards and determining the main and sub-goals for the transition to a complete reform by achieving tangible and important results in the field of regulating foreign trade financing and regularity in the global financial system through strict adherence to international compliance standards; (This was the development of the White Paper part, the actual plan)
2.building solid international banking relations with global banks and correspondent banks;
3.introducing the local currencies of countries with significant trade exchange to cash transactions in their local currencies in addition to dealing in the US dollar;
4.Also, activating and strengthening its procedures in the transition from a cash economy to a digital economy and cooperating with the government in expanding the use of electronic payment tools and spreading the culture of transitioning to a cashless society.
If you care to take the time to read Tuesday’s Edition of the Mnt Goat Newsletter you will also see many of these reforms in my commentary are from the very recent articles. They are mostly all covered in this recent news article I present today. Folks, it all there. Are you reading my Newsletter even?
Certainly, the above tasks occupied a large part of the efforts at the local and international levels. Within the reform map led by the Central Bank with the cooperation and support of the government and the support of the Prime Minister personally, the focus will be on restructuring government and private banks in a way that does not allow the existence of troubled and unsound banks and starting to implement new policies.
So, what does a “map” do? A map guides you right? There is a plan (where Iraq wants to go) and then a map on how to get there (the necessary changes).
Then common sense tells us that if we know the plan and the map, we can intelligently try to determine their target. Does this make any sense? Instead of speculating and listening to some weird bullshit from very weird people, we can do this ourselves, just as I am doing for you. But the key is not to forget what they already said to us. The information we read each day builds upon itself not a separate bit of news altogether. Get it? This is the problem many have in seeing the big picture about this investment. They want hype, they desire rumors and they thrive off of any day / every day lies about an imminent RV. In other words they enjoy the daily ride on the RV roller coaster.
There is yet another issue that really “gets my proverbial goat” and that is the stupidity and hype about paying the Kurdistan salaries. I have to tell you now not to watch the payment of these salaries as an event for the RV. No they do not wait to pay the salaries because they hope they can pay in the new rate and thus the new rate is imminent. Some of these really stupid intel gurus will try to convince you that Iraq wants to pay them in the revalued rate and this holdup in salaries is related to the holdup of the new rate. How dumb to even make this connection. Folks use your brain. Even my CBI contact told me this is pure stupidity and insanity to think this way.
So why is paying the salaries to Kurdistan really important (not this stupid Guru talk)?
the IMF told Iraq nearly a decade ago that they must pay these salaries on time and routine. (this goes way back to 2011 even under initial IMF Consultations with Iraq)
the GOI must ensure they have the funds to pay them and have at least 4 months worth of these salaries in their reserves, just in case of a emergencies (just like they experienced during Covid) (with $120 billion in reserves they certainly meet this requirement)
They must clean up the corruption associated with these FAKE where some people are getting paid double and even triple over fake names. (We read many articles on this subject matter over the years and Kurdistan got caught red-handed in this corruption scheme. This is also why the finance committee and the CBI just mandated all salaries are to be electronically paid or you don’t get paid.)
They must have a census taken of the disputed Article 140 territory to include salaries for jobs in these government run positions in these districts taken over by Kurdistan. (Just a very recent article on this topic which I decided NOT TO POST or even talk abut as it was not significant even for us to worry about.)
But let me add these all of these items on the list have an impact on the RV but certainly not as these intel gurus interpret them. I would say out of all of them #1 is the most important for us to watch and this is an Iraqi Constitutional requirement not really an IMF requirement anyhow. Remember they must have their new constitution fully implemented to get their currency reinstated. This has been told to me many times by my CBI contact.
Shafaq News/ Members of the Iraqi Parliament and political analysts have praised Prime Minister Mohammed Shia Al-Sudani for his proactive efforts to prevent Iraq from being entangled in the ongoing conflicts in Gaza and Lebanon, including high-level meetings with ambassadors from major global powers such as the United States, Russia, and China.
Support for Neutrality
The Iraqi Parliament's Foreign Relations Committee expressed its full support for Al-Sudani’s approach, emphasizing that his policies are d”esigned to maintain Iraq’s neutrality while protecting the country’s vital interests.” The committee stressed the importance of safeguarding Iraq’s religious leadership, government institutions, armed forces, and the unity of its political and social fabric.
Abbas Al-Jubouri, a member of the Foreign Relations Committee, praised the Prime Minister’s diplomatic initiatives, facilitated through the Foreign Ministry, describing them as a "correct step." He explained that Iraq’s Parliament has been actively involved, with the acting Speaker of Parliament holding meetings with European Union ambassadors and other international representatives.
"The legislative and executive branches are aligned in creating a position of strength for Iraq," Al-Jubouri said.
Diplomatic Engagement with Major Powers
Bassem Al-Awadi, the Iraqi government spokesperson, highlighted the significance of the Prime Minister’s recent diplomatic engagements. He explained that “Al-Sudani’s meetings with the ambassadors of the US, Russia, and China are part of a larger strategy to prevent the further escalation of violence in Gaza and Lebanon and to ensure stability in Iraq and the region.”
During these discussions, Al-Sudani called for more active involvement from China and Russia in curbing the crisis by utilizing international organizations to halt aggression, protect civilians, and preserve global peace. Additionally, the Prime Minister emphasized the need for greater international coordination in activating relief programs to assist the victims of the war.
Al-Sudani also raised concerns about "extremist media outlets" that had recently made derogatory statements about Iraq’s highest religious authority, Ayatollah Ali Al-Sistani. He appealed to the ambassadors, representing permanent members of the United Nations Security Council, to take a "firm position against such inflammatory rhetoric."
Calls for International Dialogue
Iraqi MP Ali Ni’ma Al-Bandawi cautioned against the potential dangers posed by further escalation in the region. He urged for “diplomatic efforts to extend beyond the current talks with ambassadors and foreign ministers,” advocating for an international dialogue aimed at preventing the region from descending into broader conflicts.
"The situation in Iraq and the region cannot tolerate any escalation," Al-Bandawi told Shafaq News Agency. He stressed that it is crucial to initiate discussions at an international level to protect the region from potential wars.
Al-Bandawi also pointed to Iraq’s growing role as a mediator between Arab states, citing Baghdad’s increasing diplomatic credibility in Arab, regional, and international arenas. “Iraq’s efforts to foster dialogue and mitigate conflicts are key aspects of its rising influence in the region.”
Proactive Steps for Regional Stability
Iraqi Prime Minister Al-Sudani’s recent meetings with ambassadors from Russia, China, and the US represent a significant move toward diplomacy, according to political analyst Saif Al-Saadi. These efforts come at a time when Israeli Prime Minister Benjamin Netanyahu has mentioned a "new Middle East," following the events of October 7.
Al-Saadi explained that “Al-Sudani is taking proactive measures to prevent Iraq and other influential countries in the region from descending into further instability, especially in light of veiled threats targeting Iraq’s religious authorities and key political figures.”
The discussions with ambassadors of the UN Security Council’s permanent members, he added, may influence decisions regarding a ceasefire in Gaza or prevent the expansion of the conflict. Al-Saadi saw the Prime Minister’s efforts as a positive move toward reducing tensions in the region.
Efforts to Defuse Regional Crises
Political analyst Abbas Al-Jubouri echoed similar sentiments, stressing that Iraq has historically avoided aligning itself with international axes of conflict. He believed that through Prime Minister Al-Sudani’s meetings with key diplomats and officials, “Iraq can now play a vital role in defusing the crisis in the region," adding that if tensions continue to escalate, Iraq and its neighboring countries will inevitably be affected.
"Iraq aims to play a major role in restoring balance to the region through its diplomatic relationships."
Criticism of Iraq’s Foreign Policy Approach
Despite the positive assessments, some analysts remain critical of Iraq’s foreign policy under Al-Sudani. Political analyst Ahmed Al-Yasiri argued that the Prime Minister’s government has been less active in foreign affairs compared to previous administrations, largely because of its focus on internal issues such as strengthening the middle class, promoting internal reconciliation, and breaking the political deadlock within the country.
"While these internal policies are important," Al-Yasiri told Shafaq News, "they have affected Iraq’s foreign political performance, which has been less active during the current regional crisis."
Al-Yasiri criticized Iraq’s delayed response to the Gaza conflict, noting that the country’s stance only emerged after the Arab League meeting. He argued that Iraq’s approach has relied mainly on issuing statements rather than taking concrete actions alongside its Arab allies.
While acknowledging the importance of Al-Sudani’s recent diplomatic moves, Al-Yasiri believed they came “too late.” He also expressed concern that the “government’s decision-making process is overly reliant on the Coordination Framework, a parliamentary bloc, instead of being led by the executive branch.”
"The government, not parliamentary blocs, should be leading such initiatives," he said.
The Need for Decisive Leadership
Al-Yasiri concluded by emphasizing the need for Prime Minister Al-Sudani to take a more decisive stance. He urged the Prime Minister to call for an Arab summit involving key regional players such as Saudi Arabia, Kuwait, Jordan, the UAE, and Egypt to develop a unified position.
“It is necessary to activate security agreements with these countries to address potential Israeli threats to Iraq.”
