News, Rumors and Opinions Late Monday Night 6-6-2022
Message from MarkZ Monday Night :
I am getting pressured to not have a podcast tonight.
It could be total BS or could be real.
Let’s skip every evening podcasts until Wednesday and go from there.
#hopethisisit
Courtesy of Dinar Guru
Breitling Question: "In general what are we now waiting for? What does Iraq need to do for them to add value to their currency?" They are simply watching the markets. They don't need to do anything. There's no technical thing that they need to do...Iraq is going to have to sit there and watch the energy markets, see who goes where. [Post 1 of 2....stay tuned]
Breitling Their markets can expand if they expand to China...Guess what Iraq wants to do? They will want China to trade in their own currency and so they have to have the currency up and going to be able to do that. That's the kind of stuff they're looking at. That's why it's kind of hard to predict the day when they're going to do this. But at the same time everybody knows they're going to do it. [Post 2 of 2]
******************
TNT:
Tishwash: Wednesday's session schedule includes voting on the Food Security Law
Wednesday 8 June 2022
marriage affairs
(Reading verses from the Noble Qur’an)
Vote on the proposed law on emergency support for food security and development. (Finance Committee).
His tears are high.
The session begins at eleven in the morning link
****************
RVALready: I think parliament will pass the FSL tomorrow. If not, they will go home, and never come back, and some will go to prison. I don’t think they will be kicking that can again.
Rojo: rvalready does that mean Maliki will be leaving town or hang if they don't vote tomorrow.
RVAlredy: Maliki is very powerful, and loved by many in Iraq. He might be marginalized. Doubt he will ever go to prison.
****************
Tishwash: An economist identifies two positive aspects in approving the Food Security Law
The financial and economic expert, Mahmoud Dagher, identified today, Monday, two positive aspects in approving the emergency support law for food security and development, and while he expected the continued rise in oil prices during the current year 2022, he identified the reason for the inflation of the local market.
Dagher told the Iraqi News Agency (INA), that "the adoption of the emergency support law has two aspects, the first is psychological, which gives reassurance to the merchants that their stores will remain stable, and the other aspect is that there is a competitor to the merchants through the government by supporting the food basket."
He added, "There is a problem, which is the expansion of the emergency support law to other articles, investments and instructions, which constituted an obstacle to approval, especially since the recent Federal Court decision says that the caretaker government does not have the right to issue laws," adding: "We are with the food and the farmer and that the law is limited to on this paragraph.
On his expectations for the continued rise of oil, Dagher explained, "The international political situation is changing, so it cannot be guessed that the rise in oil will continue until 2023, but during 2022 prices will continue to rise and be offset by a rise in inflation and transportation prices."
He pointed out that "the rise in oil prices and the resulting revenues represent a protection for Iraq against countries that do not have oil."
With regard to internal and external debts, he indicated that “Iraq is obligated to pay the external debt amounting to 24 billion dollars according to a specific timetable, and the payment cannot be delayed. market".
He stressed, "The size of the internal debt is one of the important reasons for inflation, and the more the financial debt is returned, the more the central bank's position will be improved and we reduce the liquidity pressures in the market. Link
*************
Tishwash: The World Bank (officially apologizes) to Iraq
On Monday, the Special Representative of the World Bank Mission in Iraq, Ramzi Numan, presented an "official apology" to the Ministry of Education for a "mistake" contained in a bank report regarding Iraqi students.
And the Ministry of Education said in a statement, "The Minister of Education, Ali Hamid Al-Dulaimi, received the Special Representative of the World Bank Mission in Iraq, Ramzi Noman, and the file of the report published by the latter and its non-positive repercussions on the educational process was discussed, in the presence of Lamia Ayoub / Director of World Bank Operations and Assistant Director-General for Relations Cultural Affairs in the Ministry, Raad Attia.
The statement quoted Al-Dulaimi as saying that “the report relied on the evaluation of the second and third grade students of adolescent schools in accelerated education, and not on regular students,” noting that “the size of the many reproaches and fallacies included in the report about the reality of education in Iraq is inaccurate and has nothing to do with the truth.” .
The Minister of Education was astonished that "the author of the "Trankel" organization (five) used criteria that could never be used on primary and secondary school students, but rather applied to advanced levels of study, such as the university stage."
For his part, the Special Representative of the World Bank Mission in Iraq, Ramzi Noaman, “expressed his words of official apology to the Ministry of Education in general and to educational and teaching bodies in particular for the error contained in the report,” noting that “the aforementioned report was prepared by the author of the “Trankel” organization. and does not represent the view of the World Bank in this regard.
Noaman stressed, according to the statement, that "the World Bank will remain the faithful partner of the Ministry of Education in achieving the sustainable development goals."
The statement added, "The meeting ended with the minister's speech, saying: The Ministry of Education is keen to continue its relationship with the international bodies supporting it, in order to implement the work map of the priorities of the education development agenda in Iraq, and the contribution that the World Bank can make to achieve future plans and invest human energies." Which leads to positive results that serve the reality of the country link
Bond Yields Are RISING GLOBALLY. Food And Energy Inflation Is SURGING. More Updates.
Greg Mannarino: 6-6-2022