KTFA Monday Night CC and More ....12-7-2020
KTFA:
Monday Night KTFA CC 12-7-2020
With Frank26 and team: Delta, MilitiaMan and Petra
PLAYBACK IS: 605.313.5163 PIN: 156996#
12-7-20....THEY TOLD THEM!!!
This call is in Frank’s and Team’s opinions.
“There is just not much else to do except get the new rate out!!!”
Don961: Baghdad The International Monetary Fund is negotiating to determine the exchange rate
Monday 07 December 2020 Baghdad: Hoda Al-Azzawi
The Finance Committee in the House of Representatives expressed its hope that the 2021 budget bill will reach Parliament at the end of this week or early next week, with a deficit ranging between 40 to 50 percent of the volume of public spending, while the Al-Kazemi government intends to resolve the file in the regular session of the Council of Ministers that will be held tomorrow On Tuesday, it revealed that there are "job degrees" in the bill to be awarded to those entitled to it.
The government was late in preparing the budget due to the rapid change in global oil prices, which reached 49 dollars per barrel, in addition to negotiations with the International Monetary Fund to determine the exchange rate of the Iraqi dinar.
The Parliamentary Finance Committee also warned against “lowering the exchange rate of the dinar against the dollar, which will increase inflation rates and negatively affect low-income people who depend on salaries.”
Committee reporter Ahmed Al-Saffar told Al-Sabah: “The 2021 budget may reach Parliament at the end of the week or early next week,” attributing the reason for its delay to the rapid changes in global oil prices that reached $ 49 per barrel, which called for a review of the price The oil that is planned for the budget, as it affects revenues, the deficit, and how to spend it General ».
Al-Saffar expected that "the deficit ranges between 40 to 50 percent of the volume of spending," noting that "the other reason for the budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar."
Al-Saffar revealed that "there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar," indicating that "this measure will lead to inflation and negatively affect people with limited income who depend on their salaries." LINK
Briscom: Kaboom!!!
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Clare: Al-Kazemi advisor comments on Iraq's negotiations with the IMF on the exchange of the dollar
12/07/2020
Baghdad - Iraq today:
Advisor to the Prime Minister, Mustafa Al-Kazemi, commented, Monday (December 7, 2020) on Iraq's negotiations with the International Monetary Fund regarding determining the exchange rate of the dollar against the Iraqi dinar.
The appearance of Muhammad Salih said, "All matters related to negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar are in the discussion stage only."
He added, "The correct decision is for the cabinet when it discusses the draft budget very soon."
Today, Monday (December 7, 2020), the Finance Committee revealed negotiations between Iraq and the IMF regarding determining the exchange rate of the dollar. LINK
Samson: The Prospects Of Establishing A Sovereign Wealth Fund In Iraq
7th December, 2020
Throughout history, financial crises have been met with innovative reform plans that help develop the resilience of a country's economic system, except when it comes to Iraq.
All major oil producing countries have developed sovereign wealth funds to help mitigate the effects of potential price drops on their economies, but Iraq has yet to do so.
This has not only resulted in temporary budgetary issues for Iraq, but has also allowed serious economic challenges to become entrenched in both the political and social structures of the country.
A first glance at the current economic crisis would suggest the need for a sovereign wealth fund (SWF) to overcome the impact of oil price drops.
However, Iraq's economic challenges stem from legacy issues. Therefore, can a SWF help alleviate these historical challenges and bring about reform?
In effect, can a tool for financial diversification become a means for political and socio-economic reform?
17 page report .... Click here to read the full report by Mohammed Hussein Baraka.
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Clare: Proclamation on National Pearl Harbor Remembrance Day, 2020
Issued on: December 4, 2020
On the morning of December 7, 1941, Imperial Japanese forces ambushed the Naval Station Pearl Harbor on the Hawaiian island of Oahu. Tragically, 2,403 Americans perished during the attack, including 68 civilians. On this National Pearl Harbor Remembrance Day, we solemnly honor and uphold the memory of the patriots who lost their lives that day — “a date which will live in infamy” — and we reflect on the courage of all those who served our Nation with honor in the Second World War.
Seventy nine years ago, Imperial Japan launched an unprovoked and devastating attack on our Nation. As torpedo bombers unleashed their deadly cargo on our ships and attack aircraft rained bombs from above, brave members of the United States Navy, Marines, Army, and Army Air Forces mounted a heroic defense, manning their battle stations and returning fire through the smoke and chaos. The profound bravery in the American resistance surprised Japanese aircrews and inspired selfless sacrifice among our service members. In one instance, Machinist’s Mate First Class Robert R. Scott, among 15 Sailors awarded the Medal of Honor for acts of valor on that day, refused to leave his flooding battle station within the depths of the USS CALIFORNIA, declaring to the world: “This is my station and I will stay and give them air as long as the guns are going.”
Forever enshrined in our history, the attack on Pearl Harbor shocked all Americans and galvanized our Nation to fight and defeat the Axis powers of Japan, Germany, and Italy. As Americans, we promise never to forget our fallen compatriots who fought so valiantly during World War II. As a testament to their memory, more than a million people visit the site of the USS ARIZONA Memorial each year to pay their respects to the Sailors entombed within its wreckage and to all who perished that day. Despite facing tremendous adversity, the Pacific Fleet, whose homeport remains at Pearl Harbor to this day, is stronger than ever before, upholding the legacy of all those who gave their lives nearly 80 years ago.
On this National Pearl Harbor Remembrance Day, we recall the phrase “Remember Pearl Harbor,” which stirred the fighting spirit within the hearts of the more than 16 million Americans who courageously served in World War II. Over 400,000 gave their lives in the global conflict that began, for our Nation, on that fateful Sunday morning. Today, we memorialize all those lost on December 7, 1941, declare once again that our Nation will never forget these valiant heroes, and resolve as firmly as ever that their memory and spirit will survive for as long as our Nation endures.
The Congress, by Public Law 103-308, as amended, has designated December 7 of each year as “National Pearl Harbor Remembrance Day.”
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, do hereby proclaim December 7, 2020, as National Pearl Harbor Remembrance Day. I encourage all Americans to observe this solemn day of remembrance and to honor our military, past and present, with appropriate ceremonies and activities. I urge all Federal agencies and interested organizations, groups, and individuals to fly the flag of the United States at half-staff in honor of those American patriots who died as a result of their service at Pearl Harbor.
IN WITNESS WHEREOF, I have hereunto set my hand this fourth day of December, in the year of our Lord two thousand twenty, and of the Independence of the United States of America the two hundred and forty-fifth.