The news from Iraq is all about two things: 1) News from the CBI telling its member banks to stop all financing and loan contracts from Dec 1, 2019 to Jan 1, 2020…this is part of the revenue stream for banks so this is not an easy task to ask them to do for a month, unless it was important. So what does this mean? The CBI has wanted to complete the “project to delete the zeros” and then reinstate the Iraqi dinar and that the best timeframe is do this at the beginning of each fiscal accounting year. JANUARY is the beginning of their fiscal year. All attempts so far have been made during this period. So…once again we have a target of now up to early January 2020 to expect this project to delete the zeros to move ahead again and get a rate change in Iraq.
2) Ending the corruption and curving the Iranian influence out of Iraqi politics. Since just about every high ranking govt official is involved in one way or another in corruption. They must do something and do it now with the pressures from the protesters. First get something to the protesters that is concrete and they can see the difference. You all should be VERY, VERY HAPPY at these current events and how this can lead to us finally getting our pot of gold at the end of the rainbow. Remember I said “there is always that pot of gold at the end of the rainbow only you can’t yet see the rainbow until the storm ends”. What did the Iraq news say to use recently? It said the “storm has ended” and so we are now just waiting for the rainbow to appear.