Militia Man and Crew Weekly Update: Iraq’s Strategic Planning and Digital Leap Toward Global Financial Integration
Good evening everybody. Militia Man and Crew, we’re back here again. Just hope everybody’s had a great week and it’s Friday, and let’s see what this weekend brings. I think there’s been a lot of really good information. And I think everybody realizes that based off the information that we’ve been putting out for the last two or three weeks is that effectively Iraq is telling us 100 percent that they have intentions of integration into the financial system, the global one. And this article here suggests consensus on the inevitability of strategic planning and digitization of financial operations. And they had a forum and then participants by a man by the name of Alhakeime he says consulting and cooperation with the German GIZ organization that organization you can Google GIZ and you’re going to find out and or whatever way you choose is going to it’s a global institution they emphasize that the importance of strategic planning and digitization enhancing government economic performance That’s key components. That’s what they’re starting off with right out the gate. Basically, they say that this is essential pillars for a Iraq’s advancement to transition into a new phase. That’s huge.
Participants explained that government is currently working to implement serious initiatives at achieving a qualitative leap in the level of public services and improving economic performance while leveraging advanced technology to enhance the exploitation of the country’s natural and human resources. You realize that Iraq has one of the youngest populations out there, right? And they also have the largest they have a very, very large component of natural resources. We all know that they even come out and said they have upwards of an additional 16 trillion dollars’ worth of natural resources. That might get lost. But think about it though. If they’re being so emphasized on the largest institutions in the world, whether it’s GIZ or Ernst & Young or Oliver Wyman, the IEC, the ISC, the WTO, the WCO, all of those entities, stakeholders, right? They are the powerful entities that are not giving up. And now you’re seeing forums that are coming into play. Forums like this energy forum in Baghdad on the sixth and seventh of next month. And then Google and Meta are showing up tomorrow and the next day for the internet. Is it directly related to a revaluation? No. Is it indirectly? Absolutely.
Having energy sufficiency and independence, self sufficiency you see articles about that and you’re saying, Well, why. It’s because Iraq is starting to produce enough materials, natural resources, energy to have 24/7 energy. And we saw that in Kurdistan today. Right. And so all of those things are key components to this level where we’re getting. Global investors see the confidence especially in their banking system. They see that all of these little components tie into one another. You need 24/7 electricity for 24/7 internet. You need lights on. You need companies to be able to manufacture. They can’t have power outages to be able to produce 24/7. You know, here in America, I don’t know about you guys, but when production gets heavy, some companies, I’ve worked with them, mining companies etc., they work 24/7, seven days a week maybe six days to be fair in the mining industry because you you have to take care of your equipment and all that kind of stuff. So there’s some downtime. But ultimately they do and can work 24/7 if necessary to keep up with production.
But anyway the chairman of the Securities Commission, this gentleman, he’s talking about strategic planning and need the necessary for informed leadership, basically talking about the digitization is not an option but rather it’s an urgency necessity. So they have an urgency. It’s not an option. They’re going to keep doing it. Digitization is a national project that enhances performance and efficiency, supports transparency, opens broader horizons for financial inclusion that serves the segments of society. That’s what they’re basically doing. He goes on and says building institutions creating a ladder for development achieving general renaissance if you guys know what renaissance means I think everybody probably does it’s old to new based on sound planning and ambitious leadership with which makes digitization a vital tool for advancing Iraq’s economic and administrative reality. So that’s what they’re coming up with. They’re coming up with a reality. So what we’ve done, what we’re doing is going to be a reality.
He says the key themes that represent a priority. All of those things are key themes that are a priority for the government’s leadership: strategic planning and digitization, financial operations. So they’re really very focused about what they’re doing. He goes on and points out that digital transformation has become an absolute necessity to keep pace with global developments and the Ministry of Commerce’s next goal is to build an integrated financial administrative system that supports the national economy and raises the level of services to significant levels. Who are they talking about? Services. It’s for the people and it’s also for investors. It’s also for the public at large.
Tourism, for instance, services big says the focus on building an integrated digital economy represents a key pillar of financial stability and enhancing integration with global economies. Global integration. Isn’t that what we’ve been talking about. You’re probably getting tired of hearing it, but that’s what they’re doing. And that’s what they have the obligation to basically educate you, me and everybody in the world about what they’re doing. And all the signals that they’re giving is showing that they are gaining that confidence of the world.
So hence you see Chevron, you see BP, you see K2, you see all these different names being public about support. Investors aren’t going to come into Iraq if they don’t have security and stability. They’re just not going to do it. Would you. I mean it’s kind of like trading a penny stock. I mean, they’re as risky as you can get. Well, major companies don’t play in penny stocks. I think their bylaws probably put them to the point that they probably need something closer to three or four or five dollars. It may have changed back in 2018, 2010, 2012. Citibank had a big issue. There was big things back in the crash back that time. But they might have reduced that down to a dollar. But doesn’t matter. Hey who wouldn’t take one to one. But the point is is that institutions, big money, big banks are not going to come into Iraq and put up hundreds of billions of dollars, which we all know that there’s collectively that we know that it’s even in print today that we’ll just go with this foreign investment as of today at least 100 over a hundred billion. And we all know that. But HKN and Western Zaros, they ponyied up 110 billion. So how does this even accurate. It’s probably significantly more than that, which is good. And fighting corruption.
You guys realize that there’s a lot of money out there that is going to be probably clawed back. And I know that I’ve done my research, and maybe you guys would do the same, is that it’s probably closer to five or six hundred billion and then pushing it even higher that has been stolen. So when you bring that kind of money back into the environment that Iraq has set for all of that supports that Iraq can in fact integrate into the global financial system and that amount of money that’s involved and all the natural resources and all that is not going to say you guys can just jump into the forex at 1310. They’re just not going to do that to the dollar. 1310 to the dollar is just no. It’s not going to work. So but the point is is that if you guys do the research and you see what you see in your research and you use specific articles and ask really quality questions you’re going to find that there’s really powerful amount of data that shows that Iraq is fully integrating into the global financial system. There’s no doubt in my mind. No doubt whatsoever.
So anyway this goes on and says these participants in this particular situation it says the government’s commitment to strategic planning and digitization goes beyond improving financial administrative performance but also extends to enhancing public services once again creating a sustainable and resilient economic environment capable of responding to global and local challenges. So it’s basically not just talking about local they’re talking global.
