Mr. G

I completely agree. That’s why I wanted to share it. I thought you guys would enjoy reading it.👍

“Economic reforms: Initiatives to diversify the economy, attract foreign investment, and support the private sector. Guess what? All of these projects have been on hold for years. The most important ones being infrastructure, economic reforms, and the electricity sector. Iraq and Iran recently signed an electricity deal in March 2023. The agreement was signed during Iranian Energy Minister Ali Akbar Mehrabian's visit to Baghdad on March 7, 2023. Under this deal, Iran will continue to supply electricity to Iraq for the next two years. So we got that out of the way. Because it makes sense to ensure they have this in order to ensure stability in operations to facilitate an electronic transfer of new currency values.”

Report: Central banks globally are hoarding gold, hinting at worries over the US dollar’s stability. The move is led by BRICS nations, aiming to lessen their reliance on the dollar in international trade. Gold is being amassed as a strategic asset against potential dollar depreciation and a broader financial shift. The global stage is brimming with tension, and it’s not the kind that just ends when the credits roll. No, this suspense is way heavier and could hit your wallet like a ton of bricks. ~Jai Hamid ________________ Ariel: Now why did I post this? Well let's briefly go over the recent announcement by Iraq. On Thursday, 100 US dollars were exchanged for 146,750 Iraqi dinars in the Kurdistan Region. This is the lowest level the USD has seen in over 10 months. As of the beginning of the week, the value of each 100 US dollars was approximately 150,000 IQD, but quickly declined, so the value of each 100 USD declined by more than 3,000 IQD. Now what does this mean for the potential 1:1 or 3:1 parity of the IQD/USD where people who hold IQD can exchange and covert them to USD at a 1:1 or 3:1 exchange rate this year? Well if you are going off this report alone the difference in the decline decline in the value of the USD against the IQD from 150,000 IQD per 100 USD to 146,750 IQD per 100 USD is only about 2.2%. Which is no big deal. Iraq is one of those Central Banks who are sitting on tons of gold. This will help absorb the economic shock once they reinstate their currency on the Forex Market. Because remember all the BRICS Nations are waiting for Iraq. So everyone around the world is preparing. Because I told you all to keep your eyes on the following. 1. The Investment Law 2. The Budget Law 3. The HCL Law Let's go over these three areas briefly. The Investment Law in Iraq, known as Investment Law No. 13 of 2006 (amended in 2015), aims to promote and facilitate both foreign and domestic investment in the country. The law provides a framework for investment in various sectors, including industry, agriculture, tourism, and infrastructure. 5 Key Aspects of The Investment Law • Equal Treatment • Investment Incentives • One-Stop Shop • Land Allocation • Dispute Resolution Despite the favorable provisions of the Investment Law, Iraq still faces challenges in attracting foreign investment due to security concerns, political instability, corruption, and bureaucratic hurdles. So what is the one thing they need to fix this? The new exchange rate. What is next? The Budget Law Now what did the finance committee come out and say a few days ago? The Parliamentary Finance Committee, last Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024. What are the main things in the Budget Law? Well you would have to look in the 2023 budget first because these projects have not been financed with the new currency exchange rate. Infrastructure development: Funds allocated for various infrastructure projects, such as roads, bridges, and public facilities. Oil & Gas Sector: Investments in the oil and gas industry to increase production, upgrade facilities, and improve the sector's overall performance. Electricity sector: Projects to enhance electricity generation, transmission, and distribution to address the country's chronic power shortages. Water resources: Allocations for water management projects, including irrigation systems, dams, and water treatment plants. Agriculture: Support for agricultural projects and initiatives to promote food security and rural development. Reconstruction efforts: Funds dedicated to rebuilding areas affected by conflict and terrorism, particularly in provinces such as Nineveh, Anbar, and Salahuddin. Economic reforms: Initiatives to diversify the economy, attract foreign investment, and support the private sector. Guess what? All of these projects have been on hold for years. The most important ones being infrastructure, economic reforms, and the electricity sector. Iraq and Iran recently signed an electricity deal in March 2023. The agreement was signed during Iranian Energy Minister Ali Akbar Mehrabian's visit to Baghdad on March 7, 2023. Under this deal, Iran will continue to supply electricity to Iraq for the next two years. So we got that out of the way. Because it makes sense to ensure they have this in order to ensure stability in operations to facilitate a electronic transfer of new currency values. Because what did Al-Sudani tell the Iraqi citizens? To hold on to their Dinar because it will be the stronger currency in the region. One reason being is because their 2024 budget is equivalent to 70 tons of gold. Not only that Al-Sudani said they will be making an announcement before the end if Ramadan. Which should be sometime Monday for us to know what this is. Because their new fiscal year starts on April 1st. So I guess they will open up the books on their portfolio. Again I just listed many projects that need a exchange rate. So what is the current status of the 2024 budget? Well let's look and see what a member of the Parliamentary Committee said a couple of days ago. Qoute: " The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.” He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget." Al-Atwani stressed, "There is no financial crisis in Iraq." End quote. And what is the one thing Iraq needs in order for this budget to have any real value for their economy? The new exchange rate. Will this be apart of the announcement Al-Sudani has mentioned? We will see. Do they have the luxury of dragging their feet another month or so for that matter? Absolutely not. One reason being is this. Prime Minister Muhammad Shiaa Al-Sudani announced last Thursday, the start of setting 2024 budget schedules that include added financial entitlements to the governorates that will be allocated to infrastructure. What are the entitlements? One major one is the HCL Law. Thought I forgot to mention this one didn't you? This law is basically a constitutional requirement for the Oil & Gas allocations that will be based on the exchange rate that has yet to he shown. It allows the citizens to get a monthly stipend. Here's how the proposed stipend system could work under the HCL: Revenue allocation: A percentage of the revenues generated from Iraq's oil and gas exports would be set aside for distribution among Iraqi citizens. Eligibility: All Iraqi citizens, regardless of their region, ethnicity, or religion, would be eligible to receive the monthly stipend. Distribution mechanism: The stipend would be distributed through a national fund or a designated government agency, possibly linked to the existing Public Distribution System (PDS) that provides essential food items to Iraqis. So as you can see they are in prime position to open their budget. Because this also mentions the citizens in this statement regarding their entitlements. Article quote: "...In addition to the possibility of achieving a significant increase in its financial incomes that would raise the purchasing power of the Iraqi individual...". Purchasing power will only come from the new rate. They are running against the clock people. Keep your eyes on the budget over these next few days. That's where our financial freedom is. This is the most exciting update because Iraq officially announced they are ready to open it. Goodluck out there.

Hey pp, I do agree on the “sudden” part. After 15+ years for many on this site, we all could use a big “SUDDEN”, and an HUGE decline in the value of the dollar against the Dinar. Like 1000%-2000% decline.😁 It’s nice to know things can happen “suddenly”!

Before I get a little excited, What is the Iraqi Definition of “Radical”?

I have to admit, I am one who believes the election was stolen. I wish the Democrats, especially Biden, would get behind the push to prove to the world that the election was not stolen and our system still works. If I was Biden, I would want everyone to know I truly won. I believe it would calm the majority down. I think most people, wether they like Biden or Trump, just want reassurance that the election was won fairly.

Like Adam, I’m excited, too! It definitely seems like a calculated and smart move to make if you were going to increase the value. It’s been a long time since the value of the Dinar has changed. I’m excited to get additional confirmation that they can change the rate drastically and over night with the push of a button.😁🤑🎄 Merry Christmas everyone!!

Good news. I’m able to watch the video now. Sorry I panicked, thinking it was being censored. With all the believe and accusations of voter fraud, shouldn’t the democrats be on the forefront of this movement to determine if there was voter fraud. Then they could prove and brag that they won “far and square” and that we can still trust in our voting system..? That would also show the American people that democracy does still exist and that democracy is not one of the biggest scams being pulled over the American People..? Unfortunately, I don’t think Pres DJT has the power to bring this out into the open. The evidence will be lost or covered up. There are to many very powerful people on both sides against him. If DJT were to prove fraud to be true, to many people could lose there power and their socialist agenda. Being able to maintain power for 40 plus years is definitely a form of socialism. I don’t believe this is Democratic fraud. It is an effort by political powers on both sides working to maintain power and gain full power. Power they will be able to hand down to their children and grandchildren. As long as they keep us divided, they will be to keep the power and control. Oops, I just typed right into conspiracy mode.😬😂

I can’t watch this video. I believe it’s already been removed or blocked. Socialism and censorship..?

No comment. Just wanted to see if I have any badges. Especially the “Rocker Badge”!🤘😁

I would lean toward Pence as the President, after Trump, with this female as the Vice President ..?😊🤔 Then 8 more years after that, she becomes President..? However it is, it sounds exciting !!😃

😳🤔😃🙏

I picture it to be like “clotted cream”. We had it in England. It was awesome! Got it here in the US and just wasn’t the same.

I really like the way you guys are thinking. Keep it up.

I insanely agree! 😁

I commented last year or a few years ago, when oil was really low. I can’t remember how long ago. That, It only makes sense to RV while oil was super low. I can assure you, I’m not smart enough on this subject to make sense of why I feel this way, much less make an argument for it. But, I’m going to try. If your country’s worth is mostly based on one commodity, (oil), and you want (need) to raise/return your currency to its proud glorious value it once held, ($2-$3+-), you should RV your currency while oil is low. Then you could RV at somewhere between, $.10-$1.13. Still being undervalued. This would cause the majority of the people to cash in their holdings. Then as oil increased, raise the value from there. The world/the economy/ourselves would get the huge gain and Iraq would be unharmed. Actually, They would benefit tremendously, because they would have the majority of their money back in hand as the value slowly returned to its original value of $3+-, Along with the price of oil. When I mentioned this before, @Adam, you didn’t agree. I would like your take on the idea, now. What are your thoughts? Thank you 🙏

https://www.bloomberg.com/news/articles/2020-04-12/oil-price-war-ends-with-historic-opec-deal-to-cut-production?utm_source=url_link

Now that’s an excellent translation and theory. Thank you @KristiD 😊

Isn’t that what politicians and religious leaders do..?🤔 If you have a politician that doesn’t talk out of both sides of their mouth, you end up with a President that offends and insults everyone. Even some of his own party and supporters.😂 Personally, I would rather be offended and insulted than Bull$h_ted. Besides, I can’t understand them when they talk out of both sides of their mouths. Heres an example: Can someone who speaks BS, please translate what the HECK she is saying!!?

Remember who helped them set up their government(US). Looks like their gov is working perfect has planned. Getting someone in office who seems to actually care about the people is impossible. The US gets a president who seems to actually care about the US, it’s citizens, and it’s military and he’s portrayed by many as the most evil and worst president we have ever seen. He is not a politician and refuses to play their game of deception and screwing the American citizens, therefore even members of his own party want him out. The US is a sad example of a good government.

One of the best rumors I’ve read in a long time. Thank you Jeepguy.

I know I’m grasping here, but here it goes; All the restrictions have been on $10,000 usd, $20,000usd, and over $20,000usd. Based on current rates, Iraq’s currency restrictions is on $900 +-..??? And then a grant of $1400+- for food for 8000 families. It doesn’t add up. However, if you have an exchange rate of $.01-$.02 to 1 Dinar which equals 1,000,000 dinars = $10,000-$20,000. Now that adds up. Right?? Again- probably just Grasping!😁🙏

FINALLY!!! Some news you can believe.

Yep! Looks like I was reading into it. I saw Baghdad, got an overdose of “hopium”, and didn’t pay attention to Kuwaiti. Thanks for another reality check, DoD.

As I was reading the article, this caught my attention. I’m trying not to read into , what just may be a typo, BUT, 50 million dinar=$164.4 million!!! Is that not 1 Dinar = $3.28. Sorry if this thought is way off. Like everyone else, I’m a little desperate for this to be over.😊