More News, Rumors and Opinions Sunday Night 6-5-2022
TNT:
RVAlready: As parliament is useless, I’m becoming in favor of the PM and the President disbanding the parliament and assuming total power in Iraq. Parliament has had plenty of time, and failed miserably…. What a bunch of total failures. About time to disband them and prosecute them…. The PM has been too nice for too long…. Iraq makes a good arguement that the best form of government is a benign dictatorship. A parliament certainly has not worked well for them…. It has certainly hurt the Iraq citizens, who are suffering.
Ulued: I think....the Banks are excited again, they know something is coming together... Might be that UN PUSH is being effective...
KaseyKo1: ulued! The UN's presence is absolutely making a difference
Annie68: Praying this has been our last broke weekend.
Yada: Annie, with the info we are receiving and the actions of the UN toward Iraq, like the fact that they feel it is time to do something and not allow them to allow this to collapse.
RVAlready: I hope the IMF has convinced the CBI to pull the trigger this month.
KTFA:
Samson: Al-Kazemi's advisor expects the financial reserve to reach $40 billion
5th June, 2022
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Sunday, June 5, 2022, that the financial reserve would reach 40 billion dollars in the event that the current fiscal year ends without enacting a budget law.
In a statement to the Obelisk, Saleh confirmed that there are no financial surpluses in the previous year's budget, but there are dues and arrears that are still unpaid to farmers and contractors, and the prices of Iranian gas and others, noting that the government borrowed during the 2021 budget more than 6-7 trillion dinars and ended with a simple deficit.
He added that according to Article 13 of the amended Financial Management Law No. 6 of 2019, if there is no law for the general budget for the year upon entering the new fiscal year, specifically 2022, then the monthly disbursement will be made on a 12/1 system from the actual current expenditures that took place in 2021, indicating According to the Financial Management Law, it is not permissible to dispose of any realized savings outside the 1/12 system.
He pointed out that the law prevented the disposal of that financial abundance deposited in the government's reserve account currently, unless a budget law or another law was issued that allows spending, such as the draft law on food security and development.
He added that otherwise, the revenues generated by the rise in oil prices will remain in the form of accumulated undisbursed reserve balances in the state's bank accounts managed by the Central Bank of Iraq on behalf of the government.
Saleh expected the financial reserve to reach 40 billion dollars in the event that the current fiscal year ends without enacting a budget law. LINK
***************
Tivon: Sunday Observation
Monday June 6 - 6/6/2022
Queen Platinum Jubilee event ends.
Pentecost in 2022 is June 6th
D-Days in 1994 was June 6th
40 Weeks Childbirth: Rosh Hashana Sept 6th 2021 to June 6th 2022
777- Days from Oil going $-38 on April 20, 2020 is June 6th 2022
Tuesday June 7 XRP & Crypto Bill released
June 8 Protocol 19 Vote
June 9 - 12 Consensus2022 ft Stellar & Edward Snowden as Guest Speaker.
June 14 - Trump Birthday
June 17 Battle Of Bunker Hill + 17 Days = July 4.
June 19 Juneteenth is Slave Emancipation Day. Abraham Lincoln.
The Stock Market Crash (If it Happens Tomorrow) would be biblical. The way things are lining up is Devine. Negative/Positive polarity will relatively influence everyone depending on your level of perception and knowledge. IMO
*************
Courtesy of Dinar Guru
Tivon People need to really understand how close we are. They told you repeatedly that the Food Security Law is synonymous with the 2022 Budget. Mazhar Saleh told you that there's only two legislative laws that can use the oil surplus or reserves. Which is FSL & The Budget...Because voting on the FSL is equivalent to voting on and opening the 2022 Budget. If they are both synonymous and we know the budget requires a rate change. Wouldn't the same be true for the FSL?
Walkingstick [via Frank26] ...the dispensing of the cash will be different than before...this process to dispense the currency is called 'note presentation'...some of these notes will be pooled into a dispenser in the ATM machines and they will be withdrawn as a package...called 'bunch presentation'. Others will be presented one note at a time...In order to bring more security, stability and more control of their NSCN.(New small currency note) ..they are going to be dispensing the NSCN in a very unique manner...Mustafa knows where every one of his NSCN will be at. I love it...
MARKETS A LOOK AHEAD: Keep Your Eyes On ENERGY. Critical Updates.
Greg Mannarino: 6-5-2022