KTFA:

Toyvp:  Parliamentary Finance to NINA: Approval of 2025 general budget schedules after legislative recess

Baghdad / NINA / The Parliamentary Finance Committee revealed the date for approving the schedules of the Federal General Budget Law for the new year 2025.

Committee member, MP Moeen Al-Kazemi, stated in a statement to the National Iraqi News Agency / NINA /, that "the Council of Representatives will enter the legislative recess on the ninth of this month, and there is a trend to extend the work of the sessions for only one month, after which the schedules of the General Budget Law 2025 will be approved."

He added, "After settling the issue of electing the Speaker of Parliament, the conditions are now ready and favorable for approving the four laws: the draft amendment to the General Amnesty Law, the proposed Personal Status Law, the draft law on military service and retirement for the Mujahideen of the Popular Mobilization Forces, and the draft law to return the properties covered by the decisions of the dissolved Revolutionary Command Council to their owners."

He continued, "There is an expected ministerial change, and this places the parliamentary committees before an important and great responsibility to activate their role in following up on the work of the government. It also requires more understanding and harmony in the State Administration Coalition to approve the change of some ministers." / End

https://ninanews.com/Website/N.....ey=1165792

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Toyvp:  Banking Association: Reducing inflation helped stabilize commodity prices

Economy News - Baghdad

The Private Banks Association confirmed, on Saturday, that the government's success in reducing the inflation rate to 3.8% helped stabilize commodity prices.

The Executive Director of the Private Banks Association, Ali Tariq, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Private Banks Association and the Central Bank of Iraq held a symposium entitled (The Statistics Cycle in Formulating Monetary Policy)," indicating that "the use of statistical data and information is a methodology adopted by the Central Bank of Iraq, especially in the recent period in making decisions, whether at the level of monetary policy or decisions that affect the economy in general."

He added that "the aim of the symposium is to clarify economic, financial and banking data to the public by specialists; to view the data published on the website of the Central Bank of Iraq; to clarify progress and shortcomings related to the financial sector or monetary policy."

Tarek stressed that “one of the important indicators is related to the banking sector, the size of deposits, or the size of the monetary mass and the distribution of deposits between the government and private banking sectors, in addition to the impact of credit and loans on the gross domestic product,” explaining that “on the other hand, as economic indicators, the most important of which were inflation rates, which decreased significantly in the recent period to reach 3.8 percent,” noting
that “this is considered an excellent rate that maintains the stability of commodity prices, and thus the price increase is less for the citizen."

https://economy-news.net/conte.....p?id=49412

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  We are losing billions daily due to the oil not running into the pipelines into Turkey.  That is because we need a rate for the HCL and the real effective exchange rate.  FRANK:  All we're waiting for is that new exchange rate.

Militia Man  The optics are great for the country because they have all three presidencies in place at this stage.  You're going to see some of the language that's going to be used by one of the presidents, now there's three...The new guys has already done a good job.  He knows the ropes...His past history dates back a long time...2003/2004 in  that ear...  It's over, the country has a new Speaker of the House of Representatives.  Congratulations to the legitimacy of the government.

Dollar Downfall – ‘This Is as Big as When We Closed the Gold Window’ | Matthew Piepenburg

Kitco News:  11-2-2024

The U.S. economy is facing a hidden debt crisis that makes growth ‘mathematically impossible,’ warns Matthew Piepenburg.

 In this interview with Kitco News Anchor Jeremy Szafron, Matthew Piepenburg, partner at Von Greyerz and author of Rigged to Fail and Gold Matters, analyzes October’s weak job growth, third-quarter GDP slowdown to 2.8%, and rising inflation, as reflected in the core PCE index’s 2.7% year-over-year increase.

Piepenburg argues that these figures barely scratch the surface, pointing to what he sees as an ongoing recession for many Americans.

He dives into the global pivot toward gold as faith in fiat currencies wanes and explains why Modern Monetary Theory may offer only short-term relief at best.

00:00 Introduction:

 Latest Macro Indicators

02:34 Global Economic Outlook

 05:06 Debt Crisis and Market Reactions

06:54 Recession Indicators

 08:53 Debt & Economic Growth

11:37 Central Banks, Gold & De-dollarization

34:01 Seismic Shift Away from the Dollar

35:10 BRICS and Gold-Backed Settlements

39:48 Central Bank Digital Currencies (CBDCs)

 40:54 Geopolitical Moves & the Petrodollar

48:29 America's Changing Global Role

 51:43 US Election

54:08 Gold as a Strategic Reserve Asset

 57:06 Gold Price Outlook

https://www.youtube.com/watch?v=1LH3SRAdH3U