I think things are moving along nicely. Rumors over the weekend ...with a couple of my biggest bond contacts are saying they now expect theirs somewhere around February 10th. Some of these bigger ones could be “post RV though”...
There are different pots of money paying different things. There are also rumors it could happen tonight.
Remember they cloud things so we do not know the timing...We know they are moving at a much quicker pace …and I was told the US is pressuring Iraq to complete it. This is a first. America really needs this…financially we are in a heck of a mess.
Article 140 is close to resolving the transactions of deportees and arrivals in Kirkuk
The Article 140 Committee in Kirkuk announced on Monday that there are approximately 2,500 deportees and 2,000 expatriates whose financial dues allocated by Baghdad are being disbursed by the committee, while it confirmed that the government is paying attention to resolving these files by allocating a budget estimated at about 100 billion annually to pay these special dues.
The director of the Article 140 Committee in Kirkuk, Hardi Khader, told Shafak News Agency, "The committee was able to complete 2,969 exchange transactions for expatriates and 1,699 exchange transactions for Kurdish deportees during the years 2023 and 2024. There are transactions ready for disbursement, about 5,728 for deportees and 3,931 transactions for expatriates, and these transactions are updated."
Khader added, "The Supreme Committee for Article 140 in Baghdad is the one that allocates the budget and allocates the amounts for the bonds by it, where an amount of 100 billion is allocated annually to cover the disbursement of compensation to the displaced Kurds and Arabs arriving in Kirkuk."
He added that "the committee is working to facilitate the work of the deported Kurdish and Arab visitors who meet the conditions, and the transaction is submitted to the general headquarters to disburse their financial dues through cheques organized for that purpose."
Article 140 stipulates the cancellation of the demographic change policies pursued by Saddam Hussein’s regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then a census of the population beforethe final step, which is to hold a referendum in which the population determines whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.
The implementation stages of the article were scheduled to be completed by the end of 2007, but security and political problems prevented this .
In 2019, the Federal Supreme Court ruled that Article 140 of the Iraqi Constitution would remain in effect, stressing that this would continue until its requirements were implemented and the purpose of its legislation was achieved link
Article: "Al-Sudani calls on American companies to participate in the 'development renaissance' in Iraq"
Quote: "Implementation of 18 agreements and MOUs signed during al-Sudani's list to the US in 2024." Iraqi delegation met with US official under Trump back in 2020 and they also met mid-last year in 2024.
They're telling you right here they have 18 agreements and MOUs signed and in place ready to implement. That's why they will be meeting just a little later this year, March to April, to discuss the implementation of these items, not to draft them.
These meetings don't have anything to do with the rate changing or us waiting for it in March to April. This is getting buckling down getting to business after the rate has already changed.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
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: Mark, Mods, Patriot's, Good Morning All.
Member: It appears we've made it thru yet another weekend without the worries of what to do with all that money. *whew* lol
Member: GM I feel like this is our life now just waiting day by day for this RV to hit.
Member: Any RV news over the weekend Mark?
MZ: I think things are moving along nicely.
MZ: Rumors over the weekend starts with a couple of my biggest bond contacts are saying they now expect theirs somewhere around February 10th. Some of these bigger ones could be “post RV though” There are different pots of money paying different things.
MZ: There are also rumors it could happen tonight. Remember they cloud things so we do not know the timing.
Member: Ask Iraq for the date. They seem to know how to manipulate the timeline.
Member: February 2 Groundhog Day!!!! Need to break this cycle!!!!!!!!
Member: If Trump doesn't address the economy soon then many will blame Trump if and when the markets fall
Member: but Trump signed an EO to get rid of CBDC …that was awesome
MZ: Wealth/redemption folks did not work over the weekend. They were hoping get called in but remember…..they were told to expect to work the next few weekends for awhile.
MZ: I am still waiting on a couple group check ins….Monday mornings are always tough for updates. But a number of groups were told at the end of last week that in 72 hours or so they would see full funding.
MZ: In Iraq: “Parliamentary Finance: Political consensuses forced the passage of the budget amendment within the committee” There is huge political pressure right now to finish the amendments and pass articles 12 and 14. But its finally coming out of committee and going to the full parliament. Should happen in the next couple of days.
MZ: “Governor of the Central Bank of Iraq: We provide the necessary support to International companies that wish to invest in Iraq-including American companies and banks” Banks and businesses are about to attend a really cool fair in Iraq. And many have already been back and forth already.
MZ: “The minister of commerce calls for the establishment of an exhibition “Made in America “ in Iraq and the presence of American companies in the sessions of the Baghdad exhibition” All the banks who told us they would never deal with this…… the dinar …well they are there. This creates a tremendous opportunity for American companies.
Member: BP is signing a full fledge contract with Iraq on February 1, meaning the RV must occur before that date IMO.
Member: do you think it will go this month Mark?
MZ: I think it’s more likely to go in the first part of February. I do not have a crystal ball…but have some great sources who are also being kept in the dark right now.
Member: if all the countries are going at once, then doing the final in each of those countries too !!
MZ: We know they are moving at a much quicker pace ….and I was told the US is pressuring Iraq to complete it. This is a first. America really needs this…..financially we are in a heck of a mess.
Member: We are now going into February! I wonder what’s the real hold up, anyone know?
Member: It's not even a full week yet; DJT is just getting started
Member: It’s only a few days till February, but Trump was in Vegas last weekend, very close to Reno
Member: The new Treasury Secretary has not been confirmed by congress yet……Maybe we need him at his job before the RV trigger gets pulled? Hopefully this happens this week.
MZ: I had not given that much thought but that makes sense for the Treasury….You could be onto something.
Member: Confirming a treasury security is important…his name is Scott Bessent
MZ: “ Trump administration tests the power to email every Federal employee all at once” Many got a second test email today. Making it more efficient to talk to them all at once. Very efficient and maybe easier when it comes time for the EBS?
Member: Really starting to see things happen now. And the MSM can’t hide it anymore. Long time coming and it feels incredible!
Member: Wednesday starts Chinese new year
Member: Chinese New Year starts on the 28th for 2 weeks.
Member: We don't know when it's going to happen but we are seeing many signs that it is very close. Stay focused
Member: I hope everyone has a wonderful Day! Stay positive!!
Mr. Cottrell Joins for a short time today. Plus other guests. Please listen to the replay for their information.
