A couple good moves in Iraq that's going to help those who are invited in the Iraqi stock exchange and also do a little bit to strengthen up the Iraqi dinar...
If you're invested in Iraqi stock this is big news for you. Article: "Iraqi activates the TIR system booking international trade and security says IRU head" Basically it's going to help streamline goods being transported on the road.
This is going to be awesome for Iraq's economy without a doubt. These are the types of steps we like to see Iraq take.
IRANIAN TRADE: OUR ELECTRICITY IS A “STRATEGIC MISSION,” OTHERWISE WE WILL LOSE IRAQ “TO SAUDI ARABIA”
Considered Energy Committee In the Iranian Chambers of Commerce, today, Wednesday, that Iran Generate electricity itself and supply it to Iraq so that it does not become a problem Saudi Arabia Iran’s place, considering that the presence of Iranian electricity in Iraq “Strategic mission.”
The president said Energy Committee in Iranian Chamber of Commerce Arash Najafi, “Saudi Arabia May Allah provide for you. Iraq With electricity and do so immediately.”
He added, “Today, we are in danger of losing Iraq, and the right thing for us to do is to generate our own electricity and supply it to Iraq.” He considered that “the presence of our electricity in the Iraqi market is a strategic task, otherwise Saudi Arabia will replace us.”
(Hey, Iranian idiots you will lose everything if you go to war with the U.S. and Isael. )
I want now to give you an update on my conversation yesterday with my Iraqi CBI contact:
I asked if the Iranian issue had any impact on the reinstatement process.
She told me that the negotiations with Iran are critical to Iraq too for many reasons. Iran is a large trading partner and it would greatly effect prices in Iraq from imports.
She told me about the U.S. treasury and a recent meeting with the CBI, Finance Committee, Al-Sudani and Saleh.
She was present in the room but not involved in the conversation. She was allowed in the room because it could affect the start of the Project to Delete the Zeros.
She told me that if Iran goes sour, the coalition may decide to bunker bomb the Iranian nuclear sites and destroy all capabilities for enrichment.
She said Trump did offer enrichment continuation policy up to a point for peaceful nuclear power generation, pending on verification of the commitment.
Iran so far does not want to expose their sites and locations to inspections.
Why? Even if the U.S. and Israel do decide to bomb,
there is no assurance they have the correct locations of these sites.
Trumps deal may be rejected. The feedback is still pending. In that case this would be the last offer and negotiations would end. The next step is the bunker bombing.
The reason for the meeting this week in Iraq was to inform all parties that the U.S. may target the reinstatement of the dinar prior to the bombing, as once the bombing occurs things could get “sticky” in Iraq for a period of time, maybe years.
The call to Iraq was a long one and the cost was expensive. So I had to end it. I plan to get an update next week.
She was not sure of the deadline for acceptance or rejection of Trumps last offer to Iran and though it might be June 7th. We all hold our breath in Iraq she said waiting for the reply from Iran. She hoped it would be the right one.
All I have left for today is to ask each and every one of my readers to PRAY. Pray that Iran makes the right decision and war does not occur. If it does occur this will only show us that Iran was never really sincere in the negotiations to begin with.
Both parties must give and take. That is why you negotiate. Sometimes appeasement does not work and in this case with years of Obama and Biden we see it did not work. Sometimes non-peaceful measures are the only way remaining.
So, lets PRAY for the right outcome whatever it is and that it is sanctioned by God.
Telling you the TRUTH, you do want to know the TRUTH?
BABYLON DISCUSSES INVESTMENT OPPORTUNITIES WITH THE EUROPEAN UNION AMBASSADOR
The local government in Babylon announced today, Tuesday, the reception of the European Union Ambassador to Iraq, Thomas Seiler, where the prospects of supporting European companies’ investment in Babylon Governorate in various sectors were discussed.
Babil Governor Adnan Al-Faihan said, “During the meeting, the most prominent investment opportunities available in the province were reviewed, based on Babil’s distinguished strategic components that qualify it to be at the forefront of Iraqi provinces in the industrial and agricultural fields, especially since it is the food basket of the Middle Euphrates, and has appropriate infrastructure and a fertile environment for investment.
He added,
“We also provided the ambassador with a detailed explanation of the province’s distinguished geographical location, its natural resources and the abundance of arable land, in addition to the presence of government and private factories that are capable of development, stressing our serious desire to attract investments to advance the economic and urban reality, and transform Babil into a competitive center capable of keeping pace with developed countries, especially since some of those countries do not have the capabilities and advantages that Babil possesses.”
He stressed the local government’s confirmation of the province’s full readiness to cooperate with all European companies wishing to invest, while providing all necessary facilities and guarantees to create an attractive investment environment that contributes to achieving sustainable development and the desired economic prosperity.
😊One more important article in the news titled “ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION”.
I saved the best for last…lol..lol… 😊 😊 😊
In this news we read that the Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector. He noted that the value of Iraq’s natural resources exceeds $16 trillion.
The government has signed memoranda of understanding with reputable international companies in the fields ofmineral exploration and investment, particularly in phosphate, sulfur, lithium, and copper fields.
This is within the framework of the strategic directions of the Iraqi government’s program to diversify sources of national income and optimally utilize the country’s resources.” He added, “Investment in the mining sector will contribute to attracting billions of dollars in fields ripe for development.
All I can add is WOW! WOW! WOW! Sounds to me that when they ramp up this effort into high-gear, Iraq could see this revenue stream almost, if not equaling the oil revenues. So, again we see Iraq beating it’s chest as they are proud of their wealth. So they are identifying all these assets. Basel requirements state the currency should reflect the value of the assets of that nation. What are they waiting for?
Okay now that we heard about Iraq bragging and beating it’s chest again, lets again look at a summary of the potential revenue streams for Iraq:
Oil revenues (realized and untapped)
Customs and Tariffs (told us it can rival the oil revenues)
Development Centers / Industrial Cities (soon to generate many exported products)
a diverse stock of untapped minerals (sulfur, phosphate, and rock salt, iron, manganese, zinc, lead, lithium, and copper fields.)
Some rare earth minerals.
Gold Mines in Iraq
What did I miss? WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW!
In my last Newsletter from Tuesday 6/3 what was the headlines? Oh …. Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.
Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area.
As you know I often they come up with comparisons to visualize where we are with the RV saga.
The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. But all trains eventually make it to the end of track.
This end is coming. Remember also that we read a lot of articles about what Iraq wants to and the resources involved. Many of these plans are already accomplished, some now in motion and some still in the planning stages. So we must be patient and let these efforts blossom in reality.
It's kind of like blowing up a balloon. It will only take so much air before it pops. Iraq is about to reach that point. They do not have to implement all of these plans to get there. Later this wealth will sustain the value of the dinar once reinstated.