I want to state again that there are not any of the newer lower denominations out in circulation in Iraq. Some fake advisors are using this currency to get billions of your money for giving you their trash and bullshit. Do you like paying for some else’s trash? Maybe its time to take out the trash?
Doesn’t this disturb you? Listen everyone, if the newer lower denominations where already in circulation let me tell you a few fun FACTS:
1.Without the revaluation of the dinar at least inside Iraq, the economy would crash because the money would be totally worthless. Get it? Right now, the dinar is only 1/6 of a penny. How could anyone every buy anything with the newer lower denominations dinar notes without first a revaluation? It would take truck loads of money just to buy groceries, never mind a new car, furniture, cloths or a condo.
2.Don’t you think the CBI would have formally announced the Project to Delete the Zeros as this is the ONLY way the lower denominations can come out? There will be NO SECRET when they come out. We don’t need some secret source from Iraq off the streets telling us they are out.
3.Don’t you think pictures and descriptions of the newer lower denomination notes would be shown and explained on the CBI site, as my contact in the CBI told us many times, they already have taken pictures of them and prepared the new site for the public viewing, but waiting to roll them out to the new site when given the go ahead?
4.Where is the education of the newer notes, like security features and the newer denominations explained? Don’t you think it would be a good idea to tell the citizens this is now their new currency?
5.Don’t you think the people would also need to know the policy of the swap out process and the timelines necessary?
So, in summary you should use your God given brain to think things through as I have been telling you all along. You can think can’t you?
If the newer notes were already in circulation someone, anyone, would be taking pictures of them and sending them to someone outside the country and it would spread like wildfire. Most have cell phones today….right? But the FACT is they can’t and do you know why? BECAUSE ITS ALL LIES AND THERE ARE NO LOWER DENOMINAITONS YET IN CIRCULAITON. Get it? The project to delete the zeros has NOT yet begun.
I first want to tell you about my conversation with my CBI contact yesterday.
My contact told me that the committee has been put on notice that the Project to Delete the Zeros may go forward this fall but not until the US elections are over. There will have to be a downfall of the current administration in power to make this happen.
The Project to Delete the Zeros will initiate the process that will lead to the Reinstatement. She also said that the WTO is waiting for the necessary changes in the Investment Law as it is held up in the GOP to discuss kickback comments from the parliament. So there is still work to be done on this bill too.
Next I asked again about the Oil and Gas Law. I was told that the US will absolutely NOT agree to release the reinstatement until this law is passes and protects the oil revenues. The good news is that Iraq recently told us that the non-oil revenues are right on track where they need to be at this time and the economy is progressing accordingly. I was told the safeguards against inflation and downturns are in place. So, I have to tell you that reading some of these articles we get mixed messages. But she told me that these are lies again from the far left in Iraq who still want to portray Iraq in a backwards state the not the real Iraqi economy. Keeping Iraq suppressed gives them enormous power, a power base that is slipping away. Even now with all the success of Al-Sudani, they are discouraging against early elections and I believe they are going to give Al-Sudani a full four year term. This is all wonderful news.
As usual I try to pick out key concerns or news articles to stand out the most. I then try to explain and comment on them in this section. Today I encourage everyone to go read the article titled “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. To read Full Article, Click here
They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth is very good.
Remember that the way a growing economy works is through the low of exponentiality. In other words what you do today will only help yet further growth in the further. If Iraq keeps making good sound policies we will shortly see yet even enormous growth as we all know the potential. But where will this lead to with the dinar?
I have told you a thousand times already it’s NOT about growing their economy so much that will revalue the Iraqi but instead all about the politics and the corruption behind the intentional suppressing of the dinar and keeping it low from more serious long-term investors, while the corrupt rape the billions from their economy and money that could be used to grow the economy even more. With all the oil revenues alone surely the dinar is worth much more that 1/6 of a penny. When will this suppression of the dinar end. They don’t need any economic revival to put a fair market rate for the dinar back on FOREX. It is all a lie. Get it? They are “artificially” suppressing the rate of the dinar. Sure once they did Reinstate the rate can then grow as the economy grows.
When will this abuse of the dinar end? I believe this end is near but we first need to see the swamp drained in Washington DC, as they are the heart of the problem. Sure they are now stepping in to help Iraq, as we see the US Treasury in the CBI. But one must ask what the hell took you so long? Why are they stepping in? Is it because they see the Goose that lays the golden eggs suffocating under all the corruption and, if it continues, they too will suffer as there will be nothing remaining even for them to steal. Get it?
Is the electronic payment necessary in Iraq for the RV ?
NO, it is not but it will help to prevent the money laundering. Remember that Dr Shabibi was all set to Reinstate way back in 2012-2013 and electronic banking was just at its infantile stages in Iraq. Much work needed to be done. So, I don’t forget the past. It is good that they are digitizing these monetary transactions but at the same time we must ask – when is enough? How far before they pull the trigger and make their next step? How could they have done the RV way back in 2012-2013 and now give us this horse shit about the need to grow their economy more first. You see it is not a change in policy in Iraq but a change in policy in Washington DC for Iraq then reflected in their policies but not out of choice. It is out of necessity as the US controls the dollar and this is always their excuse for restraining Iraq.
Please pay particular attention to the US politics these next couple of months. It is all interconnected with Iraq and how Iraq will progress in the near future.
It is all good and I pray citizens sign up for bank accounts and decide to transmit their business using their debit cards. This will speed ahead the process we are waiting for the most, the RV.
