More News, Rumors and Opinions Friday Evening 9-22-2023
KTFA:
Clare: House Foreign Affairs Committee will hold a hearing next week on repealing the law that made the 2003 Iraq invasion possible
Bryan Metzger Sep 20, 2023
The House Foreign Affairs Committee will hold a hearing next week on repealing the law that authorized the disastrous US invasion of Iraq in 2003.
Committee spokeswoman Leslie Shedd confirmed that the hearing would take place, and that more details will be announced on Thursday morning.
The hearing, scheduled for 10 am next Thursday, is expected to address both the repeal of the 2002 authorization of the use of military force (AUMF) against Iraq and the replacement of the 2001 AUMF, according to one person familiar with the planning.
It's the first time that the House is set to officially address the issue since Republicans gained control of the chamber earlier this year. In March, the Senate passed a bill to repeal both the 1991 and 2002 AUMFs by a sweeping 66-30 margin, though dozens of Republicans ultimately opposed it.
The effort to repeal the Iraq war powers has been stalled for months in the House, largely owing to the opposition of defense-minded Republicans on key committees.
While members of the hard-right House Freedom Caucus — along with most Democrats — are supportive of the effort, defense hawks have viewed the effort skeptically, believing that repealing the law could leave the United States with fewer tools to combat Iranian-backed militias in Iraq and the looming threat of terrorism more broadly.
House Republicans, seeking to mollify defense hawks, have established a working group led by Republican Rep. Ken Buck of Colorado to address both the Iraq war authorization and the 2001 AUMF, which authorized the president to wage war against the "nations, organizations, or persons he determines planned, authorized, committed, or aided" the September 11, 2001 terrorist attacks.
Democratic Rep. Gregory Meeks of New York, the committee's ranking member, introduced a bill earlier this year that would replace the 2001 AUMF with a new authorization that's more narrowly tailored to terrorist hotspots, and would need to be re-authorized every 4 years.
The House easily voted to repeal both the 1991 and 2002 AUMF in June 2021, when the chamber was controlled by Democrats. But dozens of House Republicans also voted for the bill. The Senate never took up the legislation.
This year marked the 20th anniversary of the 2003 invasion of Iraq, which resulted in the destabilization of the region and contributed to the rise of ISIS. The war, launched under false allegations that Iraqi dictator Saddam Hussein was developing weapons of mass destruction, has since been condemned by members of both parties as a mistake. LINK
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Clare: Prime Minister: The Iraqi arena is prepared to attract all types of investments
9/22/2023 Baghdad -
The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed today, Thursday, that the Iraqi arena is prepared to attract all types of investments.
The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shia al-Sudani, in New York, met yesterday evening, Thursday (Baghdad time), with a number of presidents and representatives of American companies, on the sidelines of his participation in the 78th session. For the work of the United Nations General Assembly, he met with representatives of the American General Electric Company, the multinational technology group Honeywell, and the American law firm Kuvinken.
The statement added, "The meeting witnessed discussion of expanding the partnership and cooperation between Iraq and these companies, and the possibility of strengthening and developing previous agreements, within the framework of the government's pursuit of economic reform and laying the foundations for technological and industrial development in the Iraqi economy."
Al-Sudani stated, according to the statement, that “the Iraqi investment arena is prepared to attract all types of investments, especially within the government’s continuing efforts to build infrastructure, as well as developing the rest of the economic and industrial aspects.” LINK
Zeeman: Imo -Iraqs pm seems to have a very fruitful trip at the un on the side lines with foreign countries as well as major companies. When the pm gets back there should be no excuse for the rate not to change.
Clare: I AGREE! IMO
BMS32: After listening to Sudani's speech, there was nothing outright talking about reforms (from what I could hear IMO), but everything seemed very positive. Telling the world they are fighting corruption, building their country up, advancing in making their country "green", helping the youth, etc. All good stuff - sort of like them reintroducing themselves to the world IMO. Sudani did say months back that September would be a great month for Iraq - lets pray the good stuff keeps coming
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Courtesy of Dinar Guru
Frank26 Sudani didn't go [to the UN] to make one speech. He went there to make that speech to invite the whole world into Iraq and then he went and did all of these little sidebar meetings at the United Nations with many different groups - businesses, companies, countries, presidents...He went on a mission to promote his two reforms.
Bruce [via WiserNow] ...the oil and gas law which is the HCL, the hydrocarbon law...got...passed... they're going to start paying that out to the people of Iraq, this is something they get proceeds from their portion meted out to each citizen... I believe it's this month...could be October... I can't remember exactly when but that has been agreed upon...
This DEBT MARKET MELTDOWN May Just Be Getting Started. Important Updates...
Greg Mannarino: 9-22-2023
Rafi Farber: Bond Markets Are Flying Apart, Is The Next Dollar Crisis Upon Us?
Arcadia Economics: 9-22-2023
Signals are blaring across the world that bond markets are not exactly OK. Resistance levels in yields going all the way back to 1968 are being breached, and the carnage in US Treasuries is spreading to Japan, AKA the Keynesian Frankenstein's monster of monetary policy and debt engorgement.
Meanwhile, the Shanghai premium on gold keeps rising to still new all time highs, and as a result, physical silver continues to bleed from the Shanghai stockpiles.
To find out more, click to watch the video now!