The fact that Trump is a businessman before being a politician gives him the advantage to see the great potential for American investment in Iraq. He is not in this for the kickbacks and corruption money, as in the Obama/Biden administrations. Just let the new Trump policies towards Iraq play out. The 2025 budget is not yet even opened and being played out.
There is a “shifting” going on and things will not be the same in the near future. Iraq will finally get its independence again, I can assure you of this. But change is hard and as we know it is even harder when in the last 20 years the citizens have gotten used to the all the corruption as a way of life. But now it is ending in Iraq just as it will end in the US too.
What else is in the news?
I first want to point out an interesting article titled “UN: IT’S TIME FOR ALL IRAQIS TO BENEFIT FROM THEIR COUNTRY’S WEALTH“. In the article the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, said on Friday “The message at the United Nations is a clear message: stability and security in Iraq”. Oh… did we read this right? Did he just say Iraq is stable and secure? Is this not what the CBI has told us they needed in order to conduct the Project to Delete the Zeros? So, is the CBI agreeing with the UN? So what is now holding up the in-country revaluation and the project?
Good News? Or isn’t it?
In articles this news period titled: “IRAQI PARLIAMENT APPROVES FIRST AMENDMENT TO GENERAL BUDGET LAW FOR 2023-2025”
and “AL-SUDANI CALLS ON KURDISTAN TO IMPLEMENT THE BUDGET LAW AMENDMENT IMMEDIATELY”,
“The government said on Sunday that the House of Representatives’ vote to amend the budget law according to the text approved by the Council of Ministers confirms the “political stability” and the state of understanding that characterizes this stage, and also reflects the high cooperation between the government and the House of Representatives, calling for action in accordance with it by Kurdistan and the Ministry of Oil. A Government spokesman Bassem Al-Awadi said that Prime Minister Mohammed Shia Al-Sudani “expresses his appreciation for the responsible and constructive step taken by the Council of Representatives, by approving the amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years 2023-2024-2025, Law (13 of 2023), in accordance with the text of the amendment received from the Council of Ministers.” So, to me this tells us the long-awaited amendment passed the parliament and is now law. However, as we will read also that a quorum was not obtained, yet the voted and passed the amendment anyhow.
In another article titled “TO DISCUSS MILITARY AND STRATEGIC FILES.. A “HIGH-RANKING” AMERICAN OFFICIAL WILL VISIT BAGHDAD SOON”. An Iraqi government official reported on Monday that a high-ranking American official is about to visit Baghdad soon, and that preparations are underway for the visit, noting that the official will discuss the American presence in Iraq and the structuring of the relationship between the two countries. This is exactly what my CBI contact told me last week. Now we see it in an article. This is expected to take place this week. Let’s wait and see what happens out of this meeting. I will say it is not all about the RV. Read the title.
What is holding up the WTO accession?
In an article titled “ECONOMIST: THE IRAQI MARKET IS CENTRALIZED AND 40 INVESTMENT LAWS NEED TO BE REVIEWED AND AMENDED” we might be able to understand more clearly why the Iraqi WTO full accession announcement has not yet been given. Yes, its all about investment laws. The investment groundwork must be laid firmly in the Iraqi government for the WTO to make this announcement because, as we all should know, this will be the final incentive for investors to flock into Iraq and invest in the Iraqi Dinar. But didn’t we hear that Iraq met all qualifications to re-join? Yes, we did and we read the article on this news. But we also read that there were some “investment” laws that needed to be updated, as requested by the WTO. I quote from the article titled “ECONOMIST: THE IRAQI MARKET IS CENTRALIZED AND 40 INVESTMENT LAWS NEED TO BE REVIEWED AND AMENDED” – “the investment climate in Iraq requires several factors, including the political factor and the conflict between the blocs, in addition to the investment laws that need to be reviewed, as their number has reached about 40 laws.” Could this be what is holding up the announcement or is there another plan underway…just asking….?
What took so long to get the 2025 budget amendment passed?
In the rest of the news for today we read a multiple of articles about Kurdistan smuggling oil and Baghdad is paying the price. See the articles concerning this issue titled:
“KURDISTAN SMUGGLES OIL AND BAGHDAD PAYS THE PRICE.. WHEN WILL THE UNFAIR EQUATION END?”
Kurdistan also shut off the oil shipments costing Iraq billions in revenues. Many economists told the public the economy was about to crash. Really?. But as investors we must try to understand what keeps happening in Iraq over this oil and the Kurds. What claims do the make to justify shutting off the oil again? How can Baghdad end this issue once and for all? We all know the answer. It is the Oil and Gas law and so you can see why this referendum as required by the new Iraqi constitution is so hard to get passed and is so desperately needed. In fact, it was the real culprit for all this confusing of the Kurds and the oil sales. It even held up the 2025 budget and its amendments until now. The Kurds use the oil sales/revenues as leverage to get what they need for Kurdistan. This will never change unless they pass the Oil and Gas Law.
Next I want to bring to your attention a very discerning article. It is titled “ECONOMIST: WASHINGTON’S POLICIES TOWARDS IRAQ PREVENTED THE REVIVAL OF ITS FINANCIAL RESOURCES” Many of my readers doubt what I say and think that the actions of the US are all in support of Iraq in the past. Again I am telling you this has NOT BEEN THE CASE. I even going to show you evidence of this statement today from an article in the news in Iraq. Please take few minutes and go read it in its entirety. So what is holding up the RV? Could it be and Obama/Biden administration era foreign policies towards Iraq? Will Trump change these policies?
“Economic expert Rashid Al-Hamdani confirmed on Saturday that the United States, since its occupation of Iraq in 2003 until now, has been following an economic policy that has transformed the economic recovery and made its fate linked to the financial policy of the US Federal Reserve through its dominance over oil sales resources and preventing the entry of major international companies to establish projects that develop and stimulate its economy.”
He added, “The obstacles placed by the US administration in preventing Iraq from developing its economic and financial activity”, and “ The United States of America continues to dominate Iraq through political, security and economic agreements that Washington”. Enough said….
All I can say now is “I told you so”. Please don’t tell me the CBI is independent in making the RV decision. This is ridiculous and those making this claim are ignorant, irresponsible and have not been following Iraqi politics. Will Trump change this Obama/Biden era foreign policies towards Iraq? This is the only way and I mean ONLY way we will see the RV in short order. Yes, I know it’s a pity what the US is doing to Iraq. The abuse is appalling. Each time Al-Sudani tries to dig his way out the mud, the US finds new ways to entrench Iraq. When will it end?
The reset can’t be stopped, she said. It began when president Trump first took office in 2017 but was slowed down due to the election fraud and the “soft” coupe against the government of the United States. The reset process t now continues but at an accelerated pace during Trump’s second term as president. She firmly believes this RV will not happen until the U.S. Treasury approves it to let it go.
She is still on the committee to coordinate the Project to Delete the Zeros, however has been given another assignment in the meantime. She explained the reset is NOT just about ending corruption but to have the end result to reset the financial and the economic basis in many countries, especially the US and the UK. Oh…now I can see why the U.S. and Great Britian all of a sudden are making aggressive moves to invest in projects in Iraq. It all made sense to me now. It will make more sense to you too as you read on and continue….
This procedure of reset would mean restructuring the financial system in the US much like they did in Iraq. She told me as we can already see the progress is underway and will continue. At some point they will turn on the Iraqi Dinar and use it to infuse investment capital into the U.S. system. First, however other goals of the Trump administration must coincide as part of the reset process. These goals are to cut expenses, eliminate wasteful and corrupt spending. They must balance the budget. Then they are going to go after the taxes and find alternative ways to fund the governments and take the burden off of the average citizens. The US is also going to pay down the debt but she was uncertain how this would happen. I mentioned Elon Musk and she said many Iraqis follow the US news media and so she knew all about him.
This was interesting as I can already see the undertones of all of these efforts now underway in the US. When the US is ready, this infusion of money will go to the citizens and not borrowed the money from the Feds (the banking cartel). It is the citizens, through the legitimate banking system, who will finance these large-scale projects. I can only imagine the government plans to have some sort of programs at the banks in this regard for us investors to take part in. We will see what is offered.
Also, a very important part of the conversation is that she emphasized with me is that this investment money is also meant to help Iraq, as much of this investment money will recycle back into Iraq as investment money. She does not now know at what point the US has to reach to reach. One point I do want to make is I can already see a change from the stagnate Obama/Biden era policies of corruption on Iraq. At least know we have some more positive news, I thought. She then told me she would keep me informed of the latest news as this process is taking place. I was actually amazed at this plan but not shocked. I did see something like this coming. It is actually a brilliant plan.
