The RV has not yet happened, but we can see the path now and very clearly.
So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO). Please go read the news on this topic under the article titled “THE GOVERNMENT COMPLETES THE FILE TO JOIN “WTO”.
The fact is that any country joining the WTO must have a currency. It does not require any country to have a currency that is traded on FOREX. It is that simple. However, having said this, don’t you think that combined with all the other news we have been reading over the last couple years that Iraq is moving to reinstate their currency back on FOREX and that this announcement only adds to this commitment? Go read the White Paper. Why are they de-dollarizing? Why in hell are they fast-tracking now all these financial reforms with the US Treasury?
Please stop trying to pigeon hole the RV to one or a few events. And I mean speculating just because of this recent WTO announcement. This DOES NOT make the RV imminent, all these recent activities and events matter and the RV is a “by-product” of all these events not a singular event in itself. It is like a train going down the tracks. It makes it stops to pick up, but it has a final destination. We all know what that is.
Then also think about what my CBI contact told us. She said that after the election, if these crazy people are voted out of the government of the US, then there is a VERY HIGH possibility her committee would begin the process of the deleting the zeros and currency swap out in November. This is what the prophet Kim Clement tells us? He told us it is going to be an “Hypnotic November”.
I will only mention one other article. The title is “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS”. In this news we read that the CBI has completed the first phase of the banking reform process. They then go on to tell us what the steps were in this phase. Why is this important. First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map. It is all in the White Paper folks. It is the work on the Pillars of Financial Reforms. It is exactly what I have been presenting to you in the articles and all the news we witnessed over these last couple years. Here is a recap from the article:
- Drawing up policies, programs and standards and determining the main and sub-goals for the transition to a complete reform by achieving tangible and important results in the field of regulating foreign trade financing and regularity in the global financial system through strict adherence to international compliance standards; (This was the development of the White Paper part, the actual plan)
- Building solid international banking relations with global banks and correspondent banks;
- Introducing the local currencies of countries with significant trade exchange to cash transactions in their local currencies in addition to dealing in the US dollar;
4. Also, activating and strengthening its procedures in the transition from a cash economy to a digital economy and cooperating with the government in expanding the use of electronic payment tools and spreading the culture of transitioning to a cashless society.
Certainly, the above tasks occupied a large part of the efforts at the local and international levels. Within the reform map led by the Central Bank with the cooperation and support of the government and the support of the Prime Minister personally, the focus will be on restructuring government and private banks in a way that does not allow the existence of troubled and unsound banks and starting to implement new policies.
Then common sense tells us that if we know the plan and the map, we can intelligently try to determine their target. This is the problem many have in seeing the big picture about this investment.
So why is paying the salaries to Kurdistan really important
- The IMF told Iraq nearly a decade ago that they must pay these salaries on time and routine. (this goes way back to 2011 even under initial IMF Consultations with Iraq)
- The Government of Iraq must ensure they have the funds to pay them and have at least 4 months worth of these salaries in their reserves, just in case of a emergencies (just like they experienced during Covid) (with $120 billion in reserves they certainly meet this requirement)
- They must clean up the corruption associated with these FAKE where some people are getting paid double and even triple over fake names. (This is also why the finance committee and the CBI just mandated all salaries are to be electronically paid or you don’t get paid.)
- They must have a census taken of the disputed Article 140 territory to include salaries for jobs in these government run positions in these districts taken over by Kurdistan.
I would say out of all of them #1 is the most important for us to watch and this is an Iraqi Constitutional requirement not really an IMF requirement anyhow. Remember they must have their new constitution fully implemented to get their currency reinstated. This has been told to me many times by my CBI contact.
