KTFA, X22 and more Thursday Night 2-6-2020
KTFA:
Samson: Corona and the general budget for 2020
6th February, 2020 by Samir Al-Nassery
Expectations for international organizations concerned with the movement of oil production and marketing indicate that oil prices during the first quarter of 2020 will be around ($ 53 / barrel) and in the second quarter ($ 50 / barrel) and in the third quarter ($ 54 / barrel) and this means that the price rates will range between ( $ 50‐55 a barrel. )
The reason for the low prices comes to the effects of the spread of Corona virus in China, which forced it to reduce its oil imports by three million barrels per day, in addition to the decrease in the quantities of oil marketed to the countries of the world due to the decrease in air and maritime transport for the purposes of commercial exchange and tourism activity. Also, OPEC will meet this month an extraordinary meeting to study the reduction of production between 50000010000 bpd per day. So what is the relationship of Corona Virus B with the Iraq budget for 2020?
The economic and political conditions that Iraq is going through and which have had a clear impact on the delay in the implementation of the planned plans, program and development projects planned in its budget for 2020 that the Cabinet did not send to the House of Representatives for the purpose of discussing and approving it yet due to the government's resignation and the nomination of a new Prime Minister in The current complicated and intertwined conditions are framed by the political attraction of the blocs and the demands of the popular movement, in addition to the accumulations of previous years in chaos, poor planning, loss of methodology in the conduct of economic affairs and mismanagement of public funds.
Everyone knows that the Iraqi economy depends mainly on oil imports and that the estimates for the price in the 2020 budget are around $ 53 / barrel, and the budget deficit has been estimated at about 48 trillion dinars, while the expected price indicators for oil confirm that Iraq will not be able to sell its oil according to the expected prices during the year 2020 by more From $ 43 a barrel, which will raise the deficit to the limits of 70 trillion dinars, which confuses and complicates the task of the next government in fully controlling the conduct of the economy. We believe that the situation will continue in this way and without solutions to the outstanding problems and obstacles.
We believe that one of the first economic tasks of the interim government is to review the allocations of oil revenues in light of the expected new price rates and the quantities expected to be produced and exported.
Setting realistic plans to develop other productive sectors to cover the deficit in non-oil revenue and reduce expenditures through reconsideration and reduce operational allocations, in particular allocations, wages, salaries, allocations and rewards of the three presidencies and the House of Representatives and independent bodies and special degrees and rationalization of ministries to only 15 ministries and the development and stimulation of the private industrial, agricultural and banking sector And tourism in order to establish the employment of unemployed graduates and skilled and unskilled workers.
The important thing is to complete the budget preparation and approval by the House of Representatives before the end of the first quarter of the year. LINK
Courtesy of Dinar Guru
Frank26 ...MTA [PM Allawi] has always been a pro advocate for the monetary reform. MTA is telling the citizens of Iraq he wants to activate the reforms in order to get the government going...he's waiting on the CBI to pass the baton [the new exchange rate] onto the GOI so they can do the economic reforms. This is called the monetary reform. And MTA wants both of them...
Angel1 ...MTA [PM Allawi] is an extremely successful businessman...he has businesses all over England, UK, Lebanon, Morocco you name it. He has had successful businesses. Run huge corporations...we are seeing a direct reflection of what we have in the US. Trump is a businessman. We are getting incredible results because of it...And we are about to see incredible results because of it...he [Allawi] was in Washington several months ago doing what I like to call phase 1 of the interview. I believe he was interviewed for this very position that he's sitting in by Washington led by Trump...he gave an incredible speech on the importance of an increase of value to the Iraqi dinar. People ask me, 'what does the banking world think of MTA?' He's one of us. He's a businessman. He understands value...He is against corruption...this is who is in charge of Iraq now...Phase 2 - Iraq getting him onboard. He's now onboard. Phase 3 is implementation. I believe that's exactly where we are right now...
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[CB] System, Why Interfere While They Are In The Process Of Destroying Themselves- Episode 2090a
X22 Report: Feb 6, 2020
The [CB]/Globalist planned to bring down the economic system and blame it on an event, the patriots might have known what they were planning and allowed it to happen.
Why interfere with your enemy while they are destroying themselves.
The new US economy is being created, the [CB] economy is being destroyed
Follow The Pen, The Gloves Are Off, Trump Comes Out Swinging - Episode 2090b
X22 Report: Feb 6, 2020
The [DS]/D's have failed in their mission, does this mean they are going to give up trying, no.
They believe they have the one person that will allow them to impeach Trump again, that person is Bolton.
Q told us to follow the pen, follow Bolton.
Trump gave a press conference today and he came out swinging, the MSM were shocked by what he did, the gloves are off and we are in the 15th round.