Frank26 Update and more from KTFA Members Thursday 5-7-2020

KTFA:

Tink:  PRAISE REPORT!!!!!!!!!!!!!!! : FRANK IS OUT OF SURGERY-DR SAID HE DID GOOD! DR WAS ABLE TO PUT TWO STENTS IN HIS URETERS TO OPEN UP THE FLOW FROM THE KIDNEYS.

THEY WILL WATCH HIM OVERNIGHT AND SEE IF HIS KIDNEYS START TO FUNCTION WITH THE STENTS IN PLACE. IF THEY DO HE CAN COME HOME TOMORROW!!!

THE TUMOR WAS REMOVED BUT NOT ALL OF IT BECAUSE IT HAD ATTACHED TO THE MUSCLE IN THE BLADDER. CHEST CT WILL HAVE TO BE DONE AND HE BIOPSY WILL BE A WEEK TO GET RESULTS OF THE TUMOR TISSUE.

PRAISE GOD AND THANK YOU ALL FOR PRAYING! THERE WILL BE ANOTHER SURGERY BUT THAT WILL BE DETERMINED ON HOW HIS KIDNEYS START WORKING OF WHAT AND HOW IT NEEDS TO BE DONE. 

BillA:   Here is my train of thought,,,,,,If Iraq does not have enough money coming in to pay their people, bills, loans etc... snd then if they wait for Kazeimi to set his CAB, go over the budget as it has been said in a number of articles that it is ready to be sent to Parl. Make his changes, then send it to Parl. where it will go through the Financial, Legal committees.

Once they make changes based on their recommendation, then be sent to the Parl floor, where they will make recommendations which will necessitate more changes and then put to a vote which past history has shown will take multiple meetings to approve all/most of its' articles.

Historically this process takes from 45 to 60 days. We know that no one will give them a loan to keep up and running, So without reinstating their currency (with a fair rate as Pres Trump has declared). How in the world are they going to keep this country afloat for two more months without either RI'ing or going Bankrupt?

Also keep in mind, there has been no articles giving Iraq the ability to defer their current loan payments. IMO they might have two weeks, not two months.

Coco:  Al-Kazemi sending the budget bill to the parliament before Eid al-Fitr  (May 23, 2020).  Hopefully we'll see a new rate in the next 2 weeks.

GodLover:  I know it's been said over & over again..... the budget needs the rate...… the rate doesn't need the budget. I will add what I think should be stated..... the budget needs the rate & the rate needs the budget imo.  Some of the theories have always had me a little confused as far as the rate & budget imo. We hope the rate is in the budget... with that said, why would the rate come prior to the budget? What would the point be.... imo? I still say, the new rate couldn't be usable until the budget was opened imo. It would be like trying to cash a check that hasn't even been written yet imo.

ChrisC:  I would say, imo, that the people are not that worried about the budget but would be greatly affected by a rate change.  People in the market would be able to buy way more than what they have been able to and suffering people with a handful of dinar could hopefully get what they needed.  The budget could come along any time after they changed the rate.  I will follow this up with an example.  Our budget in the US is based on a value of the dollar and how many of those dollars that it takes to complete a given project.  If we didn't know how much they are worth, how could we say how many we need?  The value of the dollar is in NO way dependent on how many are allocated for any given task in our budget.  I don't see it being different in Iraq.

YoungSC:  That is why Frank has always stated rate before budget because the budget feeds off of the rate. I would trust Frank, Delta and walkingsticks word imo

YoungSC:  A cryptic key message Frank stated in his YouTube video last Saturday. Remember when he stated Family how long will it take to recover after my surgery, 2 weeks or so as he stated. Budget gets submitted before may 23 24. Think about those words from the teacher.

Samson:  Al-Shammari: Five priorities before the Al-Kazemi government

7/5/2020 18:08:50

 A member of the Political Bureau of the National Wisdom Stream, Fadi al-Shammari, saw five priorities before the new government headed by Mustafa al-Kazimi.

Al-Shammari said in his tweet on Twitter: "Five priority before the government, facing the Corona pandemic, tackling the economic crisis, re-arranging the scale of priorities, revitalizing investment and services, reorganizing and unifying the security decision, and supporting the security forces, the army, and the crowd."

He added also that the priority of the government "re - sovereignty and prestige of the state and the limitation of arms and end the farce of the militias and the configuration of the elections {early} transparent". LINK

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Samson:  IBBC contributes to World Bank Iraq Report

6th May, 2020
BBC contributes to World Bank launch and assessment on Iraq Economic Monitor

Iraq Economic Monitor - Spring 2020 - Navigating the Perfect Storm.

The World Bank has released its latest report on Iraq entitled "Navigating the Perfect Storm" with a special focus on "Laying the Foundations for a New Economy in Iraq: Digital Transformation". See link here.

The launch was done via a virtual media roundtable on 4th May and The Press release links can be found in English and Arabic. The report is also being circulated on the World Bank social media outlets.

Members of the IBBC advisory council, including Professor Frank Gunter, provided input that helped shape the final document, which predicts a GDP contraction of 9.7% in 2020 and some stark choices that country faces.

However, there is an extended section on Digital economy and transformation that points the way to change and opportunity.  LINK