The Snake's Last Breath
While Treasury drains the regime's accounts, Iraq spent the week in Geneva working its way into the trade system as its parallel dollar market gets squeezed
Wednesday, July 22, and the number out of Baghdad moved again. On Tuesday the dollar closed at 150,350 dinars per $100 on Iraq's al-Kifah and al-Harithiya boards, a fresh low for the reform. Yesterday, in The Tehran Test, we showed you the street firming faster than the government would admit. It has not let up. But the rate is the scoreboard, not the game, and today the game moved somewhere we have not taken you yet: a conference room in Geneva.
While the regime next door is emptied out account by account, Baghdad spent the week asking to be let into the club that decides whether a currency is worth trading. That is the snake's last breath. This is the week Iraq stopped waiting at the door and started walking through it.
The book behind the briefing
Head of the Snake
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The Hidden Architecture of Iran, Wealth Extraction and Global Control
The briefing is today's move. The book is the 118 years behind it - how the Federal Reserve, the petrodollar and Iraq's frozen dinar became one system of control, all documented from the public record. It saw the shape of this before the news did.
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