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Prolotario
@Prolotario1
Do You All Know What Just Happened?
We Are In The Home Stretch
This comes off the announcement by The Ministry of Finance in Iraq how declared September 30th to be financial sovereignty day.
No more SEC roadblocks. For years, the SEC has been the gatekeeper of the old financial system, making sure only the elite could play in the big leagues. Now? They’re stepping aside and letting the new system take over.
“Financial sovereignty” specifically means termination of the IMF Article XIV consultation status and the end of the U.S. Treasury’s OFAC supervised “program rate” mechanism.
Once sovereignty is declared, the CBI is no longer legally bound to the artificial peg maintained for war reparations and debt restructuring.
Now with this recent development I can understand how that can occur not only for Iraq but other countries as well.
DTCC’s October launch on Ripple provides the plumbing for instant settlement of IQD-denominated oil contracts.
Previously, the artificial rate was maintained to prevent dollar-denominated oil revenues from being instantly converted to dinars at a true market rate (which would have exposed the undervaluation).
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The “program rate” was a scam. For years, the D********e and their bankster buddies kept the Dinar artificially low so they could buy it cheap and control Iraq’s oil. Now? That scam is over.
The real value is about to be revealed. When Iraq declares financial sovereignty, they’re free to set their own exchange rate. That means the real value of the Dinar backed by oil, gold, and Iraq’s natural resources is about to be unleashed.
Source(s):
• https://x.com/Prolotario1/status/2100603042630434982
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