News, Rumors and Opinions Wednesday Morning 12-1-2021

Holly Tuesday Evening :

From Iraq News Kuwait confirms receiving $1.47 billion in war compensation from Iraq

After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections The Sadrist bloc topped the final election results by obtaining 73 seats, (My understanding is that Iraq had to finish paying Kuwait before they could revalue - to be article 8 compliant.

And now that The Sadrist has been announced as the winner, Kazemi should be announced soon.)

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 1 Dec. 2021

Compiled Wed. 1 Dec. 2021 12:01 am EST by Judy Byington

Tues. 30 Nov. 2021 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#

Late last night Mon. 29 Nov. Bruce’s sources reported thatTier4B would be notified Wed. morning 1 Dec. if certain things happened by Tues. 30 Nov.

One of those conditions was that Iraq revalue their Dinar. On Sun. 28 Nov. Iraq put out a new Dinar international rate, the Dinar has been being trading on the international markets and then Iraq paid Kuwait the amount they owed them for the war out of the new Dinar rate.

The Bond Holders were still being paid out and would continue being paid out through the first week of Dec. Some Bond Holders have had liquidity. They were told today they would have access to their funds tomorrow Wed. 1 Dec.

Some US Treasury sources reported that Tier 4B would be notified of their appointments by Wed. 1 Dec.

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Feds Out of Money on Fri. 3 Dec. The federal government will run out of money on Friday 3 Dec. amid a jammed Senate schedule that may delay the passage of the reconciliation package. https://www.breitbart.com/politics/2021/11/29/federal-government-run-out-money-four-days-overfull-senate-schedule/

Read full post here:   https://dinarchronicles.com/2021/12/01/restored-republic-via-a-gcr-update-as-of-december-1-2021/

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Courtesy of Dinar Guru

Frank26  [Firefly boots-on-the-ground Iraqi TV update]   FIREFLY:  They go into talking to us about the 2022 budget. They say to be addressed and passed in early 2022.  He's saying that the budget will be the center on projects of all our reforms and then the CBI in early 2022 we'll review the exchange rate too.  Saying both will walk hand in hand.  FRANK:  Mustafa the Governor of the Central Bank, the only guy that can touch the exchange rate just told you that both the exchange rate and the budget are going to walk hand in hand?  Yes sir! ...Your country is going to be one of the powerhouses of the world... [Post 1 of 2....stay tuned]

Frank26   [Firefly boots-on-the-ground Iraqi TV update Continued]  FRANK:  It's stupid to think that they are going to do it in the first part of next year.  They're going to implement it in the first part of next year.  Because how are they going to open the budget on January 1st without the new exchange rate being exposed?  That's why they are very soon to show you the new small category notes and then shortly after that or in conjunction with that they will show you the new exchange rate.  That's why they're educating you right now about what they're going to do with the new exchange rate and this new currency.  The new exchange rate belongs to the CBI and the GOI... [Post 2 of 2]

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KTFA

Samson:  Al-Kazemi’s advisor: Repetition of the scenario of global economic closure is out of the question

29th November, 2021

Today, Monday, Mawazine News , the financial advisor to the Prime Minister, Mazhar Saleh, presented his expectations regarding the conditions of the oil market and the economy of Iraq with the emergence of the new Corona mutator and fears of returning to general closure in most countries of the world and stopping travel movement, while he suggested not to return to a comprehensive economic closure as happened in In 2020, he indicated that oil prices will go towards stability.

Saleh said, "The white paper is a medium-term reform approach and at the same time an expression of the state's policy in facing the problems of our rentier economy, which despite the state of optimism in oil prices, is still subject to the risks of fluctuations in the energy market in the world and the surprises that may occur."

He added, "Despite that, I do not think that the world will witness a complete economic shutdown and coexist with serious recessions similar to what happened in 2020, as the global economy will provide better movement and activity mechanics than last year, and during 2022 we expect to conduct economic activity at the level of countries in the world." 

He pointed out that "there may be very legitimate global warning concerns to prevent the corona pandemic and hedge its effects, but perhaps these precautions may hide some strategies of oil-consuming countries to reduce the excess demand for energy resources, including crude oil, as an aid to confront the escalation of prices, which is a tactical matter that may succeed in slowing the pace of the increase in oil prices in order to stabilize them within the equilibrium of the energy market without the expected price increases.  LINK

Samson:  Issuance of arrest warrants against 21 employees of Najaf municipality

29th November, 2021

A security source in Najaf Governorate reported, on Monday, issuing arrest warrants against 21 employees of the governorate's municipality.

The source told Shafaq News Agency, "The Integrity Investigation Court in Najaf issued arrest warrants against 21 employees of the governorate's municipality on charges of occupational abuse."

And the source indicated that "the decision to arrest came against the background of corruption in the Falaka project in the middle of the province," noting that "the arrest warrants were issued based on the provisions of Article 316 of the amended Iraqi Penal Code No. 111 of 1969."

The aforementioned article states that: “Any public servant or person assigned to a public service who exploits his position and unlawfully seizes money, belongings, or paper proving a right or otherwise owned by the state or one of the institutions or organizations in which the state contributes a share or facilitates that for others shall be punished with imprisonment.”   LINK

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Samson:  Court ruling against the former director of the municipality of Hilla on corruption charges

30th November, 2021

An informed source in Babel stated on Tuesday, the issuance of a judicial ruling against a former municipality director in the province.

The source told Shafak News Agency; The Hilla Court of Integrity Issues issued a decision to sentence the former director of the Hilla municipality, Nasr Muhammad Judeh, to two years in prison for cases related to financial and administrative corruption. 

The source indicated that there are five other cases against the accused that will be considered by the competent court during the coming period.   LINK