KTFA Members "News and Views" Thursday PM 6-16-2022

KTFA:

DoTalkToMe: Suspension Removal_____ CHINA EVERGRANDE GROUP June 16th, 2022
Due to ongoing suspension in trading of CHINA EVERGRANDE GROUP,
the following treatment will be applied to the following indices:

CHINA EVERGRANDE GROUP will be removed from the index at a price
of Zero. Effective date (open ):

16/06/2022.
Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

China Evergrande to announce restructuring proposal by the end of July.
IMF warns China's property stress poses spillover risk

Samson:  After the Sadrists resign, framework efforts to form a quick government

16th June, 2022

A parliamentary source confirmed, on Wednesday, that the coordinating framework will not move according to its specific directions, suggesting that there will be reactions from the Sadrist movement.

The source told "Mawazine News" that if there were no reactions from the Sadrist movement and they proceeded according to the hadith of Muqtada al-Sadr, there would be a rapid formation of the government.

He added that the meeting of the coordination framework, in the presence of Prime Minister Mustafa Al-Kazemi today, stressed that the political heads of the country are progressing with outputs to form the government quickly.    LINK

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Tivon:  Listen, I'll say this again briefly. Everything from the EFSL, 2022 Budget, and the formation of the GOI at this stage will happen for different reasons.

 First the 2022 Budget has access to the "Final Accounts". What is that? The revenues from the past ten years from 2014 up until now. They need to find out what happened to the money. Because once the life cycle of the EFSL ends they can not go into 2023 and start a new Budget (For That Year) and still not know states actual expenses from all those years.

Remember, only 51 trillion is going into the 2022 Budget. Why? Because the year is almost over and they do not want to allocate more then that because they only have 5 1/2 months left to do anything useful with the 2022 Budget.

So they will only address "New Projects" in this year's 2022 budget. The EFSL was for stalled ongoing projects (Reconstruction/Investment) that was never addressed in the past ten years. Why? Because there was no budget. Remember it all comes down to contracts. And since the EFSL has the HCL/Oil & Gas Law they can get "The Wheels of The Economy" (Mazhar Muhammad Saleh) moving while they sort out the formation of the government and take care of the citizens and give them "Purchasing Power" with the current EFSL.

That way they can start next year with a clean slate since  the EFSL is removing all corruption from the currency sale window (Private Banks) and Customs Authority which was recently announced.

Which is why they are confident about the ATM roll out because it is electronically secured with features that can swap old currency out for new. If you read my post yesterday you would know where I'm going with this.

This is the number one reason why they need to form the GOI. Simply because there is no other way to gain access to the "Final Accounts" for general reasons that Militia-Man said has been sorted out. But, for record keeping they still can not close out this year without it being on the books officially.

They do not need the 2022 Budget for money. They need it for the financial files. Which is why they are being cheap about how much they will put in the 2022 Budget.

The EFSL will address "Citizens Entitlements". What are they entitled to? The Oil Contracts Kurdistan signed over to Baghdad that includes what? The HCL/Oil & Gas Law. Which is in their Constitution (Article 60/Second)

There is no budget as it stands at the current juncture that has this particular contract. Which is why Kurdistan was crying and whining about their oil shares not being included in the EFSL. Nor will it be in the 2022 Budget. Why? Because the remainder of the year is all about the concerns and vitality of the Iraqi citizens. IMO

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Samson:  Extensive praises to the Customs Authority after implementing the "Automation" system

16th June, 2022

Today, Thursday, citizens praised the work of the Customs Authority, after implementing the automation system to reduce corruption.

Citizens, via Alsumaria News, welcomed the application of the automation system in customs transactions, stressing that "this system will reduce corruption operations and facilitate the work of auditors, as well as that it will achieve financial sustainability and diversify the economy in accordance with the principle of integrity, transparency and anti-corruption."

In turn, the auditors of the Customs Authority expressed their satisfaction and welcome with this system, which would maximize revenues and reduces corruption in customs work, indicating that this system will contribute to the development of the authority's departments, improve its performance and achieve effective management.

And earlier, the General Authority of Customs announced that it had started, in cooperation with the global Scuda team of the United Nations, the introduction of an automation system for customs work, stressing that this step came to reduce corruption and facilitate the completion of auditors' transactions.

A statement from Customs, which was received by Alsumaria News, stated: Iraq recently joined more than eighty Arab and foreign countries that introduced the automation system in customs work, as the Customs Authority contracted with the international team of the Scuda project of the United Nations to launch the first phase by activating the electronic system within the authority.

The statement stated, "To maximize revenues and reduce corruption in customs work, the automation system was introduced, and one of the most important principles that the authority will work with is by including all information and data in the automation system, which is characterized by the difficulty of penetration."   LINK

Samson:  Implementation Of (40) Arrest Warrants And The Seizure Of Weapons In Maysan During The Past 24 Hours

16th June, 2022

The Maysan Police Directorate announced today, Thursday, the arrest of (40) wanted persons in criminal cases and various legal violations.

The Directorate said in a statement that among the detainees were (6) accused of terrorism, noting that the number of (7) Kalashnikov rifles, 2 hunting rifles, 1 BKC weapon, 1 RBG7 launcher weapon and 4 rocket launchers were seized. One (1) 12 mm machine gun, (1) GC rifle, and (9) Kalashnikov magazines.

She explained that the arrests of wanted persons and the seizure of weapons took place within the past 24 hours through security practices carried out by its detachments from the directorates of the investigation departments in various sectors of responsibility, with the participation of emergency police and intelligence agencies.

And she confirmed that legal measures were taken against all the accused, their arrest was fundamentally, and the weapons were referred to the competent authorities.    LINK

Sir:  IMO-ZERO HOUR is in full swing, this should be very interesting couple days.
All those files they have been talking about from time to time in previous articles. Rats will get no sleep tonight..