More News, Rumors and Opinions Tuesday PM 1-21-2025
KTFA:
Clare: The Council of Ministers decides to suspend official work in Baghdad next Sunday
1/21/2025
Baghdad - 964
The Council of Ministers decided to suspend official work in all government departments and institutions in the capital, Baghdad, next Sunday, to complete the visit of Imam Al-Kadhim. LINK
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Clare: Trump's confidant after inauguration: Iran's militias control Iraq and the president will fix the situation
1/21/2025
In Monday, the US Republican Representative and close associate of Trump, Joe Wilson, considered that Iran controls the government in Iraq and its "militias" threaten the United States, stressing that President Donald Trump will fix the situation, according to his expression.
Wilson said in a tweet on the X website, followed by Shafaq News Agency, that "Iran was defeated in Lebanon and Syria, but it still rules Iraq, as Obama and Brett McGurk failed in their strategy to hand Iraq over to Iran during the war against ISIS."
He added that "Iranian-backed militias in Iraq threaten the United States and its allies and must be dealt with," indicating that "Trump will fix the situation." LINK
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Clare: Parliament votes on 'controversial laws' in one basket
1/21/2025
The house of Representatives voted on Tuesday on three laws that have sparked controversy and political disputes for months.
The media department of the House of Representatives said in a statement received by Shafak News Agency, "The House of Representatives voted on the proposal to amend Personal Status Law No. 188 of 1959."
He added that "the Council also voted on the draft law to return properties to their owners included in some decisions of the (dissolved) Revolutionary Command Council," continuing, "The Council also voted on the draft law amending the second amendment to General Amnesty Law No. 27 of 2016."
In its last legislative session, the House of Representatives held several sessions to pass controversial laws, but they did not result in anything, which prompted it to postpone these laws to the current legislative session.
These laws have caused a lot of controversy, between supporters and opponents, among political blocs, and these laws have also faced objections from specialists and civil organizations. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The rumor is according to 'East' [Aki's company in the Middle East] that they got nine currencies in a basket. It may be more, it may be less...It could come out asset backed...or it could come out with a float. The float makes more sense...But East is saying, if it is a basket, we're seeing the Euro, British pound, Krona, which is Swedish currency and shilling, which is Austria currency.
Militia Man Article: "The Kuwaiti dinar currently is the strongest currency in the world... 31 Kuwaiti dinars for every US dollar." If you do the math it turns out to be about $3.22... Quote "It's worth noting Kuwait has about 7% of the world's oil reserves which greatly supports the value of the currency...According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait's 101.5 billion..." Iraq has 43% more oil than Kuwait. [Kuwait's] currency is strongest in the world...Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues...Pretty exciting times!
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Unprecedented Bank Runs in China, Capital Outflows Hit Record, Stocks and Economy Tank
Michael Cowan: 1-20-2025
Recent reports paint a concerning picture of the Chinese economy, with whispers of “unprecedented” bank runs, record capital outflows, and a significant downturn in stock markets. While the full extent of the crisis remains to be seen, these developments are triggering alarms both within China and in global economic circles.
The most immediate and startling issue is the alleged wave of bank runs. Social media footage, though largely unverified, suggests scenes of panicked customers queuing outside banks to withdraw their cash. While the Chinese government has yet to officially confirm the scale of these events, they point to a potential crisis of confidence in the country’s financial institutions.