"ABOUT THE COMMODITIES FUTURES CONTRACTS" BY JJIMMYJJ, 19 JAN

KTFA Wednesday Night CC:  https://youtu.be/B4diqPc1bAg 

JJimmyJJ:  I’ve been thinking about these commodity futures that Frank mentioned at the end of the call last night. 

Disclaimer: In my business career, I usually sold services, not manufactured goods, so I’ve never dealt with commodity futures. In addition, we don’t know what commodities were traded, the expiration dates of the contracts, if the differing amounts were for different length contracts, or even if these contracts are for imports or exports. 

Or, in other words, there are too many unknown variables for this to be anything other than a thought exercise for fun. But, while we’re waiting for the announcement, we certainly have time. So, let’s have fun with this. All IMO…

A commodities futures contract is a contract between too large entities to purchase the commodity at a set price at a future date. And usually for a set amount. Frank mentioned, as an aside, exporting something from Iraq. So, let’s assume these contracts were exporting a commodity out of Iraq. As their major export is oil, let’s assume these are futures contracts for oil. Frank also said these contracts are in dinar, which means that, if our assumptions are true, Iraq is going against the petro-dollar and getting paid directly in dinar. Also, if these are oil futures, we can confidently assume that the Ministry of Oil worked very closely with the PM’s office and the CBI on these contracts, so they aren’t guessing. This has to be based on information.

Frank also mentioned that there were at least two different contracts: 1 at an exchange rate of $1.68 per dinar, and another at $3.04 per dinar. 

Let’s assume that some entity isn’t getting a deal at almost half the rate of another entity, so the most likely cause of this discrepancy would be differing expiration dates on the contract. Perhaps the $1.68 contract expires earlier, and the $3.04 contract expires later. That would likely mean a float changing the rate. 

I sure would like to see the dates on those contracts. If all these assumptions are right (and they probably aren’t), this could show both the timetable the CBI is expecting for the float, AND that the CBI is at least looking at a rate over $3.00 per dinar.

Boys and girls, this is more a WAG than a prediction, but the expectations for this RV to finally get announced have just ramped up even more. It’s getting pretty hot in this waiting room of ours!

Holy smokes and Hallelujah! 

V

This is a direct threat from the government to the media BY NADER FROM MID EAST

Politician: We have all the capabilities to escape the American economic burden, 19 JAN

 Politician: We have all the capabilities to escape the American economic burden

Information / Baghdad…
Hussein Al-Karaawi, a member of the Popular Movement for the Belt and Road, confirmed on Thursday that Iraq has the capabilities to get rid of the American economic burden and go out to the countries of the East and cooperate with them economically and commercially instead of continuing under American influence.

Al-Karaawi told Al-Maalouma, “Iraq has great economic potential that needs correct management to lead it towards achieving success and optimal investment to get rid of the American cloak and will that imposes itself on Iraq through the dollar.”

He added, “There is an urgent need for Iraq to move towards the countries of the East to develop economic and trade relations in various fields and get rid of the American hegemony imposed by Washington on Baghdad.”

He stated that “the possibility exists to expand economic outlets and trade exchange in various currencies, whether in the ruble or the Chinese yuan, and not to limit the economy to the US dollar, due to the failure and fear of some political parties and their efforts to preserve their interests and ensure their survival in power.”

almaalomah.me

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 19 JAN

  Frank26 

  [Iraq boots-on-the-ground report]  

FIREFLY:  Television showing Sudani in Davos.  He's sitting right next to JP Morgan.  A representative on the news showing they are ready to open three more branches here in Iraq with private Iraqi banks ... 

 FRANK:  JP Morgan...knows what's going on and they know that a new exchange rate is coming.  The employees of Chase don't know anything but the Chief Executive Officer of Chase, Dimon obviously does know and is making an amazing statement in these articles...

Iraqi Dinar | Positve Announcement IQD Rv Exchange Rate $1.17 | Iraqi D...

At a rate of 13 billion per day… Oil: The volume of electronic sales has increased, and a date has been set for the complete cancellation of cash trading, 19 JAN

At a rate of 13 billion per day… Oil: The volume of electronic sales has increased, and a date has been set for the complete cancellation of cash trading

The Petroleum Products Distribution Company in the Ministry of Oil announced today, Thursday, that the volume of product sales through the electronic payment system has increased to 13 billion per day, while setting the date for the final cancellation of cash circulation.

The company’s general manager, Hussein Talib, said in a statement to the official agency, followed by NRT Arabia, that “the movement of selling petroleum products through electronic payment has risen to 13 billion dinars per day after it was ranging between 10-11 billion, whether at government and private gas stations or Providing generators and agents with gasoline, kerosene, gas, and mobile phones,” pointing out that “the demand for electronic payment is increasing dramatically daily.”

He added, “Our company obligated the electronic payment gateways to nominate employees authorized by these companies to collect money from citizens through electronic payment.”

He pointed out that “the directives of Prime Minister Muhammad Shiaa Al-Sudani set next June of 2024 as the date for ending cash trading and adopting the electronic payment card,” stressing that “the company has a plan to end cash trading at the end of next March, that is, in the quarter.” First of 2024.

He explained that adopting electronic payment and ending cash circulation will serve citizens, ensure that fuel is sold to them at the official price, and preserve state funds from theft and manipulation.

He stated, “Iraq is very late in the issue of electronic payment, as the countries of the world preceded it for a long time in the field of technology and electronic payment. Therefore, the Prime Minister is determined to end cash circulation and adopt the electronic payment system in 2024.”

The Petroleum Products Distribution Company introduced the electronic payment service at gas stations since April 2023, and began gradually spreading the experiment to fuel filling stations in Baghdad and the governorates.

nrttv.com

"RV UPDATE" BY MILITIAMAN, 19 JAN

 Militia Man  

 Now you have 5 articles from the WTO, you have documents from the Central Bank of Iraq, 11 pages talking about metal coins?  

Why would you be talking about metal coins/currencies and exchanging notes, counting them, mechanisms to do all that when you don't have any?  1310 there's no coins.   Then you see 5 articles about the ascension to the World Trade Organization...I'm pumped.  I'm excited about it.

 Article quote:  "We completed in one year the equivalent of more than 15 years of work..." 

The delegation has been working with Iraq to have an ascension to the WTO.  They're telling you they did the equivalent of 15 years worth of work in one year...It's flat out knock your socks off good information.  It's not me making it up, not anybody else making this stuff up.  This is what they're giving to us to share with you...