KTFA:

(Both Petra and Militiaman are part of Frank’s team along with Delta and Walkingstick)

Petra: This is my first PP....PETRA POST!

I have been observing the conversations and activities of recent and thought a quick commentary would be helpful.  But lets keep one thing in mind...keep the eye on the prize!

So where are we?  Since our Monday Night CC where solid views and perspectives were brought, I thought a quick chat would be helpful and timely, especially in light of Frank's dream.  How exciting was that.  

Clearly there is a rush to get things done in order for the white paper to be engaged so a date and rate can be revealed.  Remember, nothing in the entire white paper can be accomplished as to the future of the growth of the Iraqi state with out a change in rate.  None!  

All the efforts of the committees, the ministries, agriculture, mining, defense, infrastructure, nothing can happen until this move is made.

So, we have these polymer notes that have been in circulation for apparently some time.  Why all the hubbub "now" when they have been around for a while?  Could it be part of the education process?  Could it be a preemptory move by the CBI to make citizens aware and understand the coming change?  I think so.  

Everything they have been doing has been strategic but now the strategy is being played out as we await the execution of that strategy.  Nothing is going to stop it or we will truly have a failed state and that is "not" going to happen with the wealth in that country.

So, I ask the question again..where are we?  IMO, and all of this is IMO, we are at the goal line waiting to cross for lack of a better metaphor.  

The article about the "new" (not so new notes possibly) was subterfuge.  We have to stick with the facts as we know them.  We have a rich country, ready to break out into the international market in desperate need of funds.  Did I say Desperate?   Yup.  

Their payment strategy for their ministries has clearly indicated they are on a "pay as you go" plan, or, pay as income arrives into the treasury.  Why else would they stagger their payment program?  Never done that before?  Problem?  Yes...NO LIQUIDITY!!!  Plain and simple.

May I dare to say they are creating a liquidity vacuum so that when the NSCN's arrive they will be "forced" into adoption with the new plan?  Remember, IT CANNOT FAIL as WS and Frank have shared.  Again, this goes back to "the strategy."   

IMO, everything is at stake for this country known as Iraq.  They need to change and get into the international world as MM has shared many times the need to access those secondary markets, loans, SDR, all those things he has hammered are spot on IMO.  There is no turning back.  What options are there....N O N E!!  Did I emphasize that enough?

So, stay the course, remember what you have learned!!!  And, I saw someone ask "Who is PETRA"...the answer?  Just a guy who loves to read and study the FA's(Final Articles) .  And one other thing:  I stand for the Flag.....but I kneel for the Cross!!  That is who I am!

Stay strong family...it's coming!!!  All IMO

Thank you!!!!

PETRA

MilitiaMan:  WOW.. The first PP Post and it was a PPP post!!! As in POWERFUL PETRA POST!~

I agree that the Monday CC had some powerful thoughts that were shared. They may have not all been aligned with each other, however, that is what good debate is all about. It is healthy and what we see in the actions of this portion of the monetary reform process, they (iraq) are not healthy (no liquidity)  and they need and have a need to get healthy (liquidity), their internal wealth will require it as will the worlds, imo.

Whereby, that means to me they need a medicine. One that can heal the past. One that takes out the cancer of corruption. One that will allow the body of Iraq to heal and bring in new blood from abroad (investors).. Interconnection with a conduit.. Trade needs it.They know it. Everyone knows it.. 

They now seem to be broaching the topic of healing and one way is to deter the infection in their currency during the pandemic. Polymer notes in the news again. They have many attributes that are safe and effective... That is why they bring up they have new polymer notes again!! All of that may very well be nothing new to us, yet, the notes are new to the street as of July again, it is atypical in timing, as they would, as they say come out at the first part of the calendar year, yet they came out in July.

So, they are putting out new notes to apparently take out the old paper notes to replace with polymer. Kinda like a transfusion. The new blood cells (new currency) is to replenish the old system with a new one, that has the effect to bring in more healthy notes to strengthen the system over time.

The polymer notes were limited in the past, thus, if the new 250, 500, 1000 notes are to be injected, as the first round of medicine in the on going infusion of currency to the system, we should be assured the medical response to their virus of corruption, is the new currency with a stronger vitality that the corruption has to bow and succumb to...

The medicine is to raise the level of and infusion rate to allow for a stronger and stronger dose to be applied, until healing is in a fixed state of health that can be managed.. The international world is working to make sure the healing process is supported.

The effort for this to now fail is critical and taken seriously. So be of good Spirit, the effort is underway and appears to have the most powerful minds behind the healing process. The meetings seem to be abundant more and more now within Iraq internally and externally. I suspect, that what we have seen, in respect to the CBI and GOI and the three or four letter agencies have this front and center. 

Alak is leaving the CBI, Kadhemi is coming to America all in the coming days and or within the month. There are now no coincidences anymore.

I have as you say Petra hammered home the secondary markets, the SDR, etc.. They are real and they were offered by not me but the IMF and WB.. So, with your PPP let it be a testament to those that may feel down and out. We are witnessing the process coming to an end. Lets not turn our back on the data.

Lets remember the process was a sea of information that has had to ebb and flow.. Eventually the water settles in at an equilibrium! Then another change begins!! imo !

Thank you for your support and kind words Petra!! ~MM