News, Rumors and Opinions Friday Afternoon 4-22-2022
KTFA:
Samson: Establishing a "Sovereign Fund" .. An economist calls for a mechanism for disbursing financial surpluses
22nd April, 2022
The economist Ahmed Eid called, on Friday, to put in place a specific mechanism for disbursing the financial surpluses, which came as a result of the rise in oil prices, indicating that the development of the agricultural and industrial sector through the surplus funds has become necessary.
Eid said in a statement to the "National News Center", "The oil price surplus should be invested by establishing a sovereign fund that guarantees future generations their rights from the national wealth that Iraq enjoys, as well as the importance of working on important strategic investment projects that enhance the economic resources it needs." Iraq".
He added, "Through financial surpluses, the industrial and agricultural productive sectors must be developed to provide a local and national industry that achieves self-sufficiency at the industrial and food levels."
He pointed to "the necessity of investing the financial surplus of oil correctly," explaining that "the surplus funds as a result of the rise in oil prices are very large, and a certain mechanism must be established for its disbursement." LINK
*****************
Samson: Adviser to the Prime Minister: Corruption is a major reason for investors to stay away from Iraq
21st April, 2022
The Prime Minister's Advisor for Reconstruction Affairs, Sabah Abdul Latif, confirmed today, Thursday, that corruption is a major reason for investors to stay away from Iraq.
Mashtat said, "There are several factors that contributed to the low level of Iraq's attraction to investors, and among these factors is corruption, and the absence of basic design, which is one of the important factors for attracting investment."
And he indicated that "investment success needs a system of factors, as a vision must be developed for investment," calling for "the Baghdad Municipality to launch the development plan." LINK
***************
Samson: Surprise disclosure: Insisting on the Food Security Law aims to disrupt the 2022 budget
21st April, 2022
Thursday, the expert in Iraqi economic affairs, Jalil Al-Lami, warned against the parliament's legislation of the Food Security Law, sent by the government.
Al-Lami said, in a statement to (Baghdad Today), that "the government's insistence on passing the Food Security Law, the first and second reading of which took place in the House of Representatives, is a door to corruption, especially since an amount of twenty-four trillion Iraqi dinars has been allocated for this section." And what is decided in the draft federal budget for 2022 does not exceed five trillion Iraqi dinars. LINK
Sir: IMO- This article states that they have received and reviewed the budget! What could be the hold up?
Clare: FROM MONDAYS CC WS & FRANK TOLD US imo : "WAITING FOR A SEATED GOV ….NOTHING ELSE IS PREVENTING THEM FROM RELEASING THE NEW EXCHANGE RATE." - WALKINGSTICK
**************
Courtesy of Dinar Guru
Petra I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign... A big one...many players ...at the "End Game!" IMO
Walkingstick Question: "Is Maliki still throwing monkey wrenches to stall this monetary reform? Trying. That will never change but it's not going to happen.
Iraqi Dinar update for 04/21/22 - stand up
Pimpy’s Investment Chat
ALERT: Home Prices Set For MASSIVE Correction (Bubble Update #2)
Mike Maloney: 4-22-2022
“Right now homes are about double the cost of what they should be compared to the rest of the economy…and this will correct.”
Join Mike Maloney in Episode #2 of his ‘Bubble Updates’ as he examines the latest data for the Real Estate Bubble.
RAGING INFLATION Coming From The Mother of All Bubbles (Bubble Update #1) Mike Maloney: 4-18-2022 https://www.youtube.com/watch?v=7f1jkqff3vQ