News, Rumors and Opinions Saturday 5-8-2021
TNT:
Tishwash: Official: $ 25 billion is the value of the accumulated sums of the Iraqi "petrodollar" fund
Mubasher: The Parliamentary Oil and Energy Committee in Iraq announced that the accumulated sums from the "petrodollar" fund for previous years are estimated at $ 25 billion
The committee revealed today, Saturday, the allocation of one trillion dinars to the petrodollar fund for oil-producing provinces, according to the Iraq News Agency, "INA", today, Saturday
A member of the committee, MP Sadiq Al-Sulaiti, said that "the petrodollar is an entitlement for the oil-producing and refined ore-producing provinces," indicating that the project allocates 5 percent of the oil revenues to improve the infrastructure of those provinces.
He pointed out that "the petrodollar did not enter into force during the previous years despite its confirmation in the budgets, due to the failure to allocate the funds by the ministries of planning and finance, under the pretext of a financial deficit or the lack of sufficient liquidity," stressing that "there have been accumulations of petrodollar sums during previous years that are estimated. About 25 billion dollars.
He pointed out that "his committee sought during the current year to amend and include the paragraph on petrodollar allocations in the budget, by establishing a fund after approving the budget," indicating that "accounts for the fund will be opened that will be fed monthly from oil revenues
A member of the committee explained that “a trillion dinars have been allocated for petrodollar sums,” noting that “in the event that the Ministry of Finance does not open accounts for the fund and feed it with revenues, the ministry will be subjected to legal accountability either by the governorates or members of Parliament, for not applying the most important provisions of the budget. link
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Holly: Rv News:
Where are we, bonds are still being paid out. Going slower then expected. This is the gcr side.
People were confused about Zim bonds being on the gcr side. There are some Zim bonds that are gold with diamonds and other zims ridiculously large in value.
What we have the 100T and less are on the rv side for us. Right now they are in the process of verifying the gold.
The bars all have serial numbers that have to match ownership and be loaded into the QFS. Enjoy your weekend as this coming week looks like the final release for the rv side might happen.
Never, ever give up!
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Courtesy of Dinar Guru
Frank26 If you look at the CBI website everyday and you say to yourself, 'Oh, my goodness they just announced that they de-pegged from the American dollar...!' You should get excited...contracts and the budget are both waiting for a new exchange rate...
Pimpy We already know they're implementing their white papers. We already know they're underway into this new budget. I know there's supposed to be some amendments but you got one group saying that's not going to be amended, others saying that they're hoping for it. We'll keep an eye on this. Oil prices continue to go up. This really benefits Iraq in a lot of different ways as long as they invest the money into opening the private sector...I know they're saying no supplementary budget but I'm thinking there will be one...
Petra Article: "Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development" This is key: "the direct cooperation between the Central Bank of Iraq and the providers of electronic lift services has contributed to the consolidation of the electronic payment infrastructure, in terms of the database, governance rules and instructions, and local and international compliance. He pointed out that the companies licensed by the Central Bank, Visa and MasterCard, and the two operators were able to support most banks in issuing international cards and portraying the reality of electronic payment services." Key words: consolidation, infrastructure, governance, local AND INTERNATIONAL compliance, INTERNATIONAL cards...etc. Really a huge article and note...this meeting is in the past!! IMO...
Keiser Report | Planet Ponzi is Here | E1694
May 8, 2021
n this episode of the Keiser Report, Max and Stacy look at soaring lumber prices adding tens of thousands of dollars to the cost of building a new house.
In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the population loving the boom times of planet Ponzi as the free money drives a surge in consumer spending and stock and property manias.