Holly, Fleming , Frank and more...Monday Morning 3-14-2022
Monday Thoughts From Holly:
Good morning roomies!
Faith is taking the first steps even though you don’t see the whole staircase- Martin Luther King Jr
We have an undeniable faith in us. We have to keep taking those steps because our faith guides us. Walk in faith and you will be guided.
We have the words, we need to see the action behind the words. People are hurting more than ever.
The world cannot continue at this level for much longer. Something needs to break.
I am still told this should happen this month. Keep the faith. Stay strong.
See this having happened. Visualize this done and the world a beautiful place.
Never, ever give up. -Holly
Fleming 2-13-2022
When will we see the Light at the End of the Tunnel?
God, let it begin tomorrow. Let us arrive tomorrow at the destination known as, “Freedom and Abundance.” We’ve held on to this belief of abundance and RV GCR, for a decade and more. That’s about long enough.
Freedom and Abundance have no place for liars and thieves, or for those callous people following orders/instruction, whether or not their common sense tells them it’s dead wrong.
This includes employees of the military, or corporations that have harmed the People.
Nuremberg 2.0 is coming.
The Quantum Systems know everything, every written, and spoken word has been recorded. Judgement is coming for us all.
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KTFA:
Don961: Iraq is heading towards sustainable development
Saturday 12 March 2022 Baghdad: Mustafa Al-Hashemi
The expectations of specialists in economic affairs indicate that Iraq will get rid of all its foreign debts and other international financial obligations, during the current year, especially after oil prices recorded a rise that exceeded $100 per barrel during the past two weeks, amid predictions of achieving financial surpluses as a result of the rise estimated at about $20 billion. .
According to the financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, expected net financial surpluses of no less than 20 billion dollars in the event that the exchange continues at a rate of 1/12 of last year’s budget, and therefore the prevailing cash flows will be reassuring and there is no need for borrowing in all its forms.
In this regard, the economic researcher Saif Al-Sumaidaie believes that “Iraq is on its way to get rid of all its foreign debts, especially after the final closure of the Kuwaiti compensation file,” noting that “the rest of the debts will be able to be paid in light of the rise in oil prices and the adoption of the fiscal policy for spending 1/ 12 because it will also provide a surplus of allocations to the ministries ».
Al-Sumaidaie added in an interview with "Al-Sabah" that "Iraq will witness for the first time since 1990 a financial liberation from its external obligations, which means that the budget will be almost free of deductions for debts, except for the debts of the International Monetary Fund and the World Bank."
Al-Sumaidaie pointed out that "this is one of the things that count for the country, as it will go on the path to achieving economic development and liberating it from the restrictions that were impeding development and sustainable development."
It is noteworthy that the volume of debts owed by Iraq to the International Monetary Fund and the World Bank ranges between 5-6 billion dollars, an amount that moves in decrease with the payment of its installments and interests periodically.
Adviser to the Prime Minister, Mazhar Muhammad Salih, had confirmed earlier that the total external public debt on Iraq had decreased to $20 billion, noting that the year 2022 would be free of financial hardships and financing restrictions.
While the internal debt “is still the largest at the present time, and exceeds the external debt three times, but it remains confined within the framework of the government financial system and is not related to the public,” explaining that “the loans of the World Bank in particular are long-term, with grace periods of about 6 years, It usually extends for about 14 years and the benefits are moderate.”
In turn, the expert in economic affairs, Dr. Hussein Al-Khaqani, renewed his call to those responsible for preparing the budget, to continue allocating 5% of the oil revenues, which were deducted as compensation to Kuwait, and to transfer them to a comprehensive and comprehensive fund that protects Iraq from the impact of fluctuations in oil prices in the global market, and to reduce dependence on Oil as the sole resource for the budget.
Al-Khaqani told “Al-Sabah” that “this percentage was deducted from Iraq’s annual sales of oil, whether those sales increased or decreased, and it is a moving number that is not fixed, but the percentage is fixed, and a group of funds can also be established that contribute to achieving sustainable development, as a fund to promote Iraq’s exports. of agricultural and industrial products, the Natural Disaster Damage Reduction Fund, the Private Sector Support Fund, and others.
He continued: “Instead of adding this percentage to the budget without controlling government spending, the 5% will be a limit to the waste of public money, and a control of the operational budget outputs, the majority of whose allocations go as salaries to general sector employees..”
And the economic academic, Dr. Majid Al-Baydani, said earlier to "Al-Sabah": "Now, after liberation from the Kuwait compensation file, Iraq has to start a series of development measures to establish local funds that support Iraq's economy."
Al-Baydani stated that this would increase Iraq's gross domestic product, and enter the path of economic recovery .”
Which allows for the possibility of paying off the debts of the International Monetary Fund and the World Bank, and some other foreign debts, so that Iraq will be completely free from the constraints of foreign debts, and thus achieve prosperity for its children.” LINK
Courtesy of Dinar Guru
Clare Article: "A statement from the Finance regarding raising the value of the Iraqi dinar" Quote: "...on March 14, the Federal Supreme Court will host Allawi and the Governor of the Central Bank of Iraq, following a lawsuit demanding the strengthening of the dinar."
Frank26 Everyone in the public arena of Iraq wants to jump on the 'I am the hero' train. That's the problem with parliament and everybody wants to toot their horns. Whens the last time you've seen Sadr come out and say we need a new exchange rate and tell the citizens of Iraq that with his political and religious power he can bring this forth? Just a few weeks ago.
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MARKETS A LOOK AHEAD: Expanding WAR, Surging Commodity Prices, SHORTAGES, More.
Greg Mannarino: 3-14-2022