Fleming, Frank, Lynette and more Thursday AM 2-10-2022
Wednesday Night Fleming Report
Iraq is open for international business according to the IMF
We're told tonight the fact that they don't yet have a fully seated government is the CBI's problem. Somebody complained about the Sadr's choice and that has everything held up till Saturday, when their Supreme Court makes a ruling to accept or reject this President.
Obvious indicators of this new focus on international business is that several large Iraq banks are opening offices around the world.
AIB, Arab International Bank is also opening branches all throughout Iraq.
Fleming cont…..Surely the People of Iraq are expecting Abundance of all good things to flow.
The US is taking backstage in Iraq's oil refining and distribution, evidenced by India Oil, now the largest producer of oil in Iraq.
Iraq has this firmly in hand, knowing what must be done. There ascendence is about to be visible to the World.
************
Courtesy of Dinar Guru
Bruce ...We are in a situation where the bankers - and we know a lot of them – have been issued brand new NDA’s over the last few days and that is one reason everything is so quiet...know that there are things happening behind the scenes... we don’t know exactly “when” this is going to go - but guess what? They don’t want us to know when this is going to go...
Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: This morning TV News Channel One says soon as government names president, which will name the prime minister then the budget will be voted and open and it's likely it's they say that the exchange rate will be changed at that time. FRANK: This is Kazemi and Mustafa talking to the citizens of Iraq . Sit the dog-gone government down...
************
TNT:
Tishwash: Iraq pays last chunk of $52.4 billion Gulf War reparations – UN
GENEVA, Feb 9 (Reuters) - Iraq has completed payment of $52.4 billion to compensate individuals, companies and governments who proved damages due to its 1990 invasion and occupation of Kuwait, the United Nations reparations body said on Wednesday.
The U.N. Compensation Commission, set up by the U.N. Security Council after the seven-month occupation of the emirate and U.S.-led defeat of Saddam Hussein's troops in the Gulf War, received a portion of proceeds from Iraqi oil sales. The rate varied over the 30 years and was most recently 3%.
In all, about 2.7 million claims, with an asserted value of $352.5 billion were lodged, but the UNCC approved payment of $52.4 billion covering 1.5 million successful claims.
The largest claim approved by the UNCC was for $14.7 billion in damages incurred by the Kuwait Petroleum Corporation (KPC) after departing Iraqi troops set fire to oil wells.
Payments were suspended between October 2014 and April 2018 because of the Iraqi government's security and budgetary problems in its fight against Islamic State insurgents.
"With the final payment of compensation made on 13 January 2022, all compensation awarded by the Commission has now been paid in full," the Geneva-based body said in a statement following a closed-door meeting of its Governing Council.
"The Government of Iraq has fulfilled its international obligations to compensate all claimants awarded compensation by the Commission for losses and damages suffered as a direct result of Iraq’s unlawful invasion of Kuwait," it said.
Bathsheba Crocker, U.S. ambassador to the U.N. in Geneva, tweeted on Tuesday after talks with Qahtan Al-Janabi, Iraqi under-secretary for multilateral and legal affairs, and other diplomats ahead of Wednesday's meeting: "We commend Iraq for completing payments for all UNCC claims, a historic achievement." link
************
Tishwash: UN panel wraps up after Iraq pays $52.4 bn for Kuwait invasion
The United Nations commission charged with overseeing the payment of compensation for losses caused by the Iraqi invasion of Kuwait ended its mandate 30 years after its formation and paid $52.4 billion.
The Committee was established in May 1991 under Resolution No. 692 of the UN Security Council, and was responsible for managing the financial compensation owed by Iraq, which is deducted at a rate of 5% imposed on sales of oil and petroleum products from Iraq.
This commission is now an example of reconciliation and its final report to the Security Council has been formally endorsed in Geneva.
During its mandate, the committee decided about 2.7 million compensation requests, of which $52.4 billion was paid out of about $352 billion claimed.
The most recent was on January 13, at a value of about $630 million, according to the committee's report. link
LIVE Q&A with LYNETTE ZANG
Fwb.9, 2022
Question 1: I'd like to know how a debt implosion would lead to a money printing response?
Question 2: Will the coming bank bail-in's apply to business bank accounts, or just personal accounts?
Question 3: When it’s time to sell back gold and silver do we do it slowly piece by piece?
Question 4: when dollar crashes and silver and gold are revalued to meet their true price, do we think of what they're revalued at to reflect what we currently can buy in dollar terms now?
Question 5: You've previously said that when gold reverts back to its intrinsic value we should cycle some of these PM assets into income generating assets. What would you recommend as good "income generating assets"?
MARKETS: Something Is About To Happen.. BE READY FOR IT! Plus Much More.
Greg Mannarino: Feb 9, 2022