Breitling If Iraq doesn’t start making the right decisions they’re not going to make it. They’re going to be forced to use more US dollars because the US will put more and more sanctions on them if they don’t and that’s going to devalue the currency even more.
Militia Man Alaq, the Central Bank governor has been under pressure for lots of things. He was even summoned to Washington and he showed up…to have a powwow meeting…It was unannounced. There were some issues at that time…It was months ago…The pressure is a good thing from my point of view…MPs in parliament are calling him out. There’s an agenda. I firmly believe that.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: K2 company is studying risk management on things of our banks and they are giving away information on dropping the zeros. FRANK: K2 is a very good insurance company. The fact they are talking about the lifting of the three zeros for the reinstatement, that’s timing…It is an insurance company for banks. Why would they be talking about the process of lifting the three zeros? That’s pretty obvious.
Samson “Iraq raises its gold holdings to more than 148 tons” Quote “The World Gold Council announced…Iraq has increased its gold holdings to more than 148 tons…”
Dr. Jan Halper-Hayes I still get a lot of questions from people: When is something going to happen? Why is it moving along so slowly? Murphy’s law said anything that can go wrong, will. That’s life. We do need the financial reval to happen. There were documents that were going to go into law, went to a committee in Iraq and some people decided to change some things. When it got back to the final decision making group they identified these things were snuck in. They sent the process back to the start. That’s life, that happens…When Iraq gets their act together they get to be back on the financial markets and their currency can trade.
Breitling Iran…It’s all tied to that. We’re going to start punishing Iraq for being influenced too much...When they support groups and those groups are using financial institutions inside of Iraq to laundry money and to get U.S. dollars we’re going to make them pay…Put your big boy pants on because this is reality. This is what’s happening. They [Iraq] can turn it around but right now I’m neutral. I don’t know how this is going to turn out. I just don’t.
Clare Article: “US Treasury places Khamis Al-Khanjar on sanctions list” Quote: “The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited.”
Militia Man People are getting spanked. They’re getting in trouble. They’re shutting things down. Bank managers are getting banned from working. If you’ve been found to be corrupt they’re going after you…If you don’t play by the rules you’re going to have some problems. The Untied States Treasury has a whole floor of the central bank…International compliance is important. If you’re money laundering…counterfeiting… supporting terrorist, they got your number.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
[Bank friend] told me don’t worry. This may look like a disaster with the United States Treasury here but it’s a good thing…They are here to help us to the next and final phase of the currency reforms. Once the issues are fixed then we should see what we all have been waiting for. It’s good. Trust me. FRANK: When your bank friend tells you to trust him, trust him…IMO he’s absolutely 100% correct.
MarkZ [via PDK] Question: Is an NDA required for currency? MarkZ: We do not know for sure…We continue to be told there won’t be an NDA on currencies-only bonds and zim…but be prepared either way.
Mnt Goat WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. …As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.
