More News, Rumors and Opinions Friday Afternoon 5-26-2023
KTFA:
Clare: Member of Parliamentary Finance: We have overcome 5 complications for the 2023 budget.. Tomorrow is the day of judgment
5/26/2023
Member of the Parliamentary Finance Committee, Representative Mudhar Al-Karawi, confirmed, on Friday, that 5 of the most important complexities of the 2023 budget have been exceeded. Al-Karawi said in an interview with Al-Maalouma, “The 2023 budget is almost complete in terms of items and appendices, and there is a series of evening sessions to resolve some The issues, but in general, the budget witnessed many changes in important files.
He added, "5 of the most important complexities of the 2023 budget have been overcome, most notably the financial deficit and securing the entitlements of important segments in terms of stabilization, in addition to the entitlements of the provinces within the development of the regions."
He pointed out that "the 2023 budget will be ready for presentation before the House of Representatives tomorrow, Saturday, in any case, stressing its importance in ensuring the financial benefits of all ministries, state institutions and their employees."
The Parliamentary Finance Committee has been discussing the budget for weeks, in order to make changes that would prompt it to be presented to the parliament before the vote. LINK
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DeepWoodz: Imo An interesting recap…
”On March 13, the Iraqi Cabinet approved the largest financial budget in the country's history, exceeding 197 trillion and 828 billion Iraqi dinars (approximately 152.2 billion dollars), with a total deficit of 63 trillion Iraqi dinars.”
Now I know this doesn’t mean anything at all, but it is very interesting. Especially since there are several articles saying the deficit isn’t real.
198/63 = 3.14
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Clare: Urgent... An "unprecedented" attack on the Iraqi embassy in Switzerland, and the Foreign Ministry calls for an investigation
5/26/2023
The Ministry of Foreign Affairs announced an "unprecedented attack" on the Iraqi embassy in Switzerland.
In a statement, a copy of which was received by {Euphrates News}, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the unprecedented attack, which was subjected to the building of the Embassy of the Republic of Iraq in Bern by unknown persons who managed to storm the building in a hostile manner, which caused terror among the embassy staff and the citizens who were present. Inside the building for the purposes of following up on their consular affairs.
The statement added, "We renew our condemnation of this act and all forms of violence and vandalism affecting diplomatic missions, especially those targeting their security and sanctity, and we call on the friendly Swiss side to take the necessary investigative measures to reveal the identity of the perpetrators and clarify the circumstances of this act."
The Ministry of Foreign Affairs stressed "the need to respect the rules of international law and adhere to relevant international agreements, especially the Vienna Convention to Regulate Diplomatic Relations."
She thanked the "Swiss authorities for their immediate intervention and haste in containing the situation and restoring security and stability in the Iraqi mission and its surroundings." LINK
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Courtesy of Dinar Guru
Frank26 The new exchange rate is very close based on all the things they are introducing to you on a daily basis through the monetary reform education. But because the monetary reform education is not complete, the budget may not have the new exchange rate just yet. Look at the line items. The line items will tell you it requires a new rate. Now you believe once you see the budget you will see the news exchange rate. I agree, but do not look for it in the budget.
Breitling All I'm trying to do is eliminate the conspiracy theories and hype out of a legitimate opportunity. Nobody knows what's going to happen. I have an idea based on policy. My evidence is policy. They said they want to revalue it at a $1.17 then they want to get it to $3.75. I have proof. The doubters don't. The only thing they can say is, 'It hasn't revalued yet.' So what. What the hell does that have to do with the price of tea in china? It's all speculative.
INFLATION RISING, DEFICIT SKYROCKETS. STOCK MARKET COMPLETELY DETACHED FROM REALITY...
Greg Mannarino: 5-26-2023
ALERT! Your Bank Won’t Survive The Coming Chaos! Get Your Money Out & Buy Silver NOW!
(Bix Weir) 5-26-2023
Next week the FDIC releases it's Quarterly Bank Report for the first quarter of 2023. This is sure to expose the MASSIVE ASSET IMPAIRMENT that is currently sitting on the books of ALL the Regional Banks insured by the FDIC.
Remember what happened in the First Quarter 2023 with the collapse of Silicon Valley Bank & Signature Bank?
They had to sell massive amounts of their Tier 1 assets making the Fair Market Value of those assets collapse.
Those assets were the same Tier 1 Capital used by THOUSANDS of other banks! BUCKLE UP FOR CHAOS NEXT WEEK!!