News, Rumors and Opinions Tuesday PM 6-20-2023
KTFA:
Clare: Iraq Pays The Sums Of Its Membership In The World Trade Organization
6/19/2023
The Minister of Commerce, Atheer Daoud Al-Ghurairy, announced today, Monday, the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization (WTO).
And the ministry stated in a statement, quoting the media office, which was received by Earth News, that “the Department of Foreign Economic Relations, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, was able to complete all procedures related to paying the sums owed by Iraq in favor of the organization, for its membership in it as an observer, since the contribution has It accumulated for previous years as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures adopted since 2018.
The statement added, "The Minister of Commerce and Chairman of the National Committee on Iraq's accession to the organization had issued directives to give the issue the utmost importance."
The Director General of the Department of Relations in the Ministry, Riyad Al-Hashemi, stressed that “addressing the concerned authorities about the necessity of resolving the file and implementing the recommendations of the Diwani Order Committee No. 6 of 2022 regarding financial contributions to international and regional organizations, in addition to the fact that this issue is consistent with the paragraphs of the government curriculum, which gave importance to cooperation with international organizations.” Especially for its widespread impact on the global economy.”
He pointed out that "his department gave the WTO file a special importance within its plan prepared for the coming period, which supervises the implementation of the part related to it by the WTO department by coordinating the efforts of all government sectors to serve the interest of Iraq and its position." LINK
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Clare: The Deputy Prime Minister confirms to Shafaq News that Kurdistan's dues will be guaranteed in the budget
6/20/2023
The Iraqi Deputy Prime Minister, Fouad Hussein confirmed, on Tuesday, that the general budget law guarantees the salaries and dues of the Kurdistan Region, indicating the commitment of all parties to implement the articles and paragraphs of the law.
Hussein told Shafaq News agency, "I was following the developments and discussions that took place on the general budget law," explaining that "after the parliament voted on the budget law, we are now waiting for the President of the Republic to ratify the law in order for the law to become effective."
Hussein added, "Differences sometimes exist, but the way to resolve these differences is dialogue," noting that "there is an intense dialogue."
Hussein said, "The budget law confirms sending the salaries and dues of the Kurdistan Region," stressing that "there is a commitment from all parties to implement the articles and paragraphs of the law."
And the Iraqi parliament voted, on June 12, on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.
Iraqi Prime Minister Muhammad Shia' al-Sudani said that his government will review the parliamentary amendments that were made to it and the extent of their conformity with the government's goals. LINK
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Courtesy of Dinar Guru
Militia Man There are issuance of currencies/ denominations coming and they're not triple zero notes...The triple zero notes [that exist today] are going to stick around for about 10 years. Those of you that think they're going to LOP...the zeros off the currency...the Central Bank of Iraq, IMF, World Bank, The Bank of International Settlements ...disagree with you because they say specifically...we'll use it to facilitate large banking transactions for 10 years.
Walkingstick [via Frank26] The IMF keeps saying, 'You have currency inflation'. The way to combat currency inflation is by raising the value of their exchange rate. It is the economic conditions in Iraq that determine the exchange rate. Do you think the exchange rate should be a program rate right now based on that budget? No. That's why there are multiple exchange rates that were calculated due to the nature of their speed and currency inflation that they have now. Their inflation must not get out of hand...
Silver Drained From Exchanges | David Morgan
Liberty and Finance: 6-20-2023
The Fed pause was a “trial balloon,” says David Morgan, founder of The Morgan Report. He expects the Fed to continue to hike rates, because higher interest rates make the U.S. dollar desirable as a reserve currency.
Regardless of where the Fed sets rates, he expects metals to move higher. COMEX registered inventory of silver is less than 30 million ounces. “The physical market on the COMEX is being drained," he says.
INTERVIEW TIMELINE:
0:00 Intro
1:44 Fed pause
9:54 Silver exchanges
13:53 Metals forecast
16:50 Silver & freedom
ALERT! Derivatives GONE WILD! Silver Leases Expire & Derivative Gold Pops! Riggers PANIC!
(Bix Weir) 6-19-2023
The OCC Report on Q1 Precious Metal Derivatives has EXPLODED HIGHER with $90M in added derivatives by the Top 3 Riggers: JP Morgan, BofA & Citibank. It's all in the data!
But what the data is hiding could be the most important factor for Silver in DECADES...
I think that the price suppression for Silver using derivative Silver shorts is FALLING RAPIDLY and being hidden by new gold derivatives.
IF THIS IS THE CASE THEN THE END GAME FOR SILVER PRICE SUPPRESSION IS CLOSE AT HAND!