Frank26 You know how close you are to this? If you’re not as close to being prepared, good luck.
Pimpy Question: “Do you think the war is finished with Iraq or not?” Because the war powers are still available to Biden, technically the war is not ended there…Until the war powers are removed from the president, technically we’re still at war and you’re still an occupied country…Technically we are still at war with Iraq.
Nader In 2001 they declare war with Iraq…There is a difference between ceasefire and the war is finished. For now it’s ceasefire. No one declared the end of the war in Iraq. You see the coalition forces still there. You see the army. Maybe not a lot but they’re still there. For Iraq to be free everybody have to get out of there. Any decisions Iraq made, anything Iraq do or does the United States…have to say yes you can do it or not…The war didn’t end. That’s why you see Sudani coming out in the 15th of this month coming up to talk about the coalition to get out of Iraq.
Walkingstick Executive order 13303 was the protection of the DFI funds of their oil money. All protected by the United States of America…No one could sue Iraq. Now it’s different, this executive order has come to an end…Iraq’s new currency exchange rate is under the DFI funds… 13303 was not sighed. This is good. It is fantastic because…as long as the executive order was in place Iraq could not reinstate its currency…
Frank26 Sudani said to his citizens, ‘Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.’ Ramadan comes to an end on the 8th of April. On the 9th EID starts. From the 9th to the 11th we have an amazing window to study and to see what happens with our investment because on the 15th Sudani will go to Washington DC to see the president of the Untied States.
Militia Man Raising the value of your currency is going to help make it easier for sustainable development and deducing the phenomenon of cash. In other words if you have a 1 to 1 ratio you have a significant reduction in cash do you not? I think you do. If it was at a previous era, for instance…$2.80, $3.22..wouldn’t that be a phenomenon of less cash in the economy? Of course it would.
MarkZ [via PDK] Question: Mark do you think this will happen before 2025? MarkZ: Yes I do…I don’t think we will get anywhere close to 2025 before it happens. But, nobody knows the exact timing.
Samson “The office of the Grand Ayatollah Sistani expects next Wednesday, April 10, the first day of Eid al-Fitr”
Pimpy …If the Iraqi dinar is re-denominated, that’s when they LOP off the zeros, delete the zeros, reduce the zeros, remove the zeros, call it whatever you want, they’re all the same thing…Re-denomination of a currency involves changing the face value of the currency by dropping zeros from the existing notes and issuing new currency at a lower nominal value…The nominal value of the 25,000 is 25,000 single dinars on one note. If we do a re-denomination and we remove the zeros off the currency, then they have to make whole new…smaller denominations…most likely going to have 1, 5, 10, 20, 50 and 100 dinar…So instead of having 25,000 written across the bill it’s only going to be 25…If Iraq increases the exchange rate of the Iraqi dinar…this is different. A re-denomiation will have a slight effect, if at all, verses changing the exchange rate, increases currency value…increases the purchasing power for Iraqis…
Frank26 Article: “The Central Bank of Iraq clarifies the mechanism for depositing oil revenues abroad” DFI was part of something called Executive order 13303. President Bush signed executive order 13303…Clinton… Trump…Biden…resigned it. Guess what, executive order 13303…has not been resigned…
Mnt Goat …we read in the articles today that the post-war DFI fund and its process is also no longer in effect. WOW! This means that oil revenues no longer have to be placed under US Treasury accounts in NYC…These remaining dollars will now be transported from the Federal Reserve Bank in NYC to the Baghdad, Iraq CBI…Yet more signs of full sovereignty not just on paper but tangible evidence we can see by events. The sovereignty of their currency is also coming and on the near horizon… WOW! WOW! WOW! We have waited so long to hear this good news.
Bruce [via WiserNow & Bob] So our number one guy said that there are only – and this is important to know – there are only 19 people in the world that know when this is gonna go… What we got…from a top person at Wells Fargo…this could go any time between…Wednesday afternoon [4/3/24] and Friday morning…this is our current window… Everything’s moving in that direction.
