Some days I just can’t understand how people (gurus) say the things they say. There really has to be some malicious intent to repeat that much stupid…
So it’s the end of the week, all those any days have passed us by. There’ll be new ones this weekend I’m sure, lots of “my contacts are high on it happening _____ any second now” or the “I feel good about the next blah-blah hours or days”. Let’s look at the evidence.
12-6-2024 Bruce we heard this…from one of our Iraqi sources, that President Trump called President Sudani of Iraq, and congratulated him on the completion of the financial reform in Iraq… Financial reforms included the old HCL, the hydrocarbon law, the oil and gas law, because citizens of Iraq are getting a percentage of the profits of oil exploration throughout Iraq…My understanding is that now they’re settling up and paying out citizens on the oil and gas law, the HCL hydrocarbon law, and they’re paying in newly revalued dinar… No ones been paid, no one has settled up, and no oil revenues have been distributed. Period. There has been no official listing of the HCL, so there hasn’t been any resolution yet. Now in regards to the citizens getting paid, let’s look at something else that needs to be addressed.
12-6-2024 Pimpy Hydrocarbon law – I’ve been talking about this forever…What does the hydrocarbon law have to do with the exchange rate? [Other gurus] are not being very specific. They don’t tell you how it’s connected at all. Does the Iraqi hydrocarbon law pay money directly to the Iraqi citizens? The money…goes into different funds…designed to ensure each Iraq citizens residing in the country receives a equal share of Iraqi revenues…Iraqi citizens do not receive direct payments from the Iraqi hydrocarbon law. Instead they may benefit indirectly through various funds…They’re not directly going to get paid… So here’s the question, if each Iraqi citizen is to receive an equal share of the revenue, how does that happen? It goes into a random “fund” and just sits there? Let’s look at how Kuwait does it. Yes, Kuwait distributes oil revenues to its citizens in a number of ways, including:
Social benefitsThe government provides social welfare programs, such as retirement income, housing loans, marriage bonuses, free medical care, and education.
Amiri grantsThe government sometimes gives a portion of its budget surplus as a grant to all Kuwaiti citizens.
Social rewardKuwaiti students and children of Kuwaiti women studying outside of Kuwait can apply for a social reward. Singles receive 200 Kuwaiti dinars, and Kuwaiti males married to a Kuwaiti woman receive 350 Kuwaiti dinars.
Job benefits The government offers a comprehensive package of job benefits to Kuwaiti nationals to support their career development and quality of life. Kuwait’s oil industry is state-owned and accounts for 80% of the government’s revenue, 50% of its GDP, and 95% of its exports. The country’s oil exports include crude oil, oil products, liquefied petroleum gas, chemical fertilizers, salt, and chlorine.
So what we see is an economy complimentary to Iraq’s economy as far as oil revenue exists, Saudi Arabia operates the same type of revenue sharing with it’s citizens. I would think Iraq would adopt a similar process.
12-6-2024 Bruce There’s a flash drive that was sent out for five institutions, three banks and two redemption centers in one case, and those were installed on laptops, and they’re using laptops in the redemption centers and the bank…it’s a release activation mechanism… like a release activation code key…they are designed to receive a signal in some form of protocol, let’s call it – timeline activated – through the Starlink satellite system…So it would be wirelessly activated through Starlink to activate with the codes that are installed to begin what it is we’re waiting for…two resources, last night, two more today are saying…that we will start this weekend. Hey buddy, I got a flash drive that will change the world economic structure as we know, can you pass this along to Chase when you’re done with it, I only made one copy. SERIOUSLY! We’re running the future of the world on a bunch of flash drives? Good grief, PLEASE let some common sense kick in at some point. But you know what happens, he said it, so it won’t be this weekend. Done.
Still waiting on real news, let’s see what the end of the month brings.
BWM