Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Holly, Frank26 and more....Thursday Afternoon 11-10-2022

KTFA:

Samson: The Governor of the Central Bank of Iraq participates in the fall conference of the Iraqi British Business Council in Dubai

10th November, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, participated in the Autumn Conference of the Iraq British Business Council, which opens its work today, Thursday, in the United Arab Emirates / Dubai.

His Excellency said: The efforts made by countries in creating industrial and agricultural development and providing job opportunities and development cannot be achieved without the banking sector responding to the aspirations and expectations of investors and workers in the economic sector.

He added: Money is the lifeblood and the means for development, development and prosperity. We believe that our banking sector has become qualified to play the roles that everyone aspires to.

KTFA:

Samson:  The Governor of the Central Bank of Iraq participates in the fall conference of the Iraqi British Business Council in Dubai

10th November, 2022

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, participated in the Autumn Conference of the Iraq British Business Council, which opens its work today, Thursday, in the United Arab Emirates / Dubai.

His Excellency said: The efforts made by countries in creating industrial and agricultural development and providing job opportunities and development cannot be achieved without the banking sector responding to the aspirations and expectations of investors and workers in the economic sector.

He added: Money is the lifeblood and the means for development, development and prosperity. We believe that our banking sector has become qualified to play the roles that everyone aspires to.

His Excellency commended the efforts of the organizers of the conference, and the generosity of the brothers in the United Arab Emirates.

Central Bank of Iraq
Media Office
10/11/2022  LINK

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Samson:  How will the government recover the smuggled money abroad?

10th November, 2022

The legal expert, Ali Al-Tamimi, explained the legal ways through which the government of Muhammad Shiaa Al-Sudani can recover the smuggled and looted funds outside the country. 

Al-Tamimi told Al-Maalouma, "The best international move to recover the smuggled funds abroad, which is estimated at 500 billion US dollars, is through the 2003 money laundering agreement signed by Iraq in 2007 with the help of these countries, as well as in accordance with the Baghdad and Washington agreement in accordance with Article 28 of the agreement for the year 2008". 

He added that "Iraq has the right to recover its money in accordance with Article 50 of the United Nations Charter, which affirms the right of countries that fight organizations under Chapter VII of the Charter of the United Nations to request the assistance of the United Nations and Iraq was fighting the terrorist ISIS under Chapter VII pursuant to Resolution 2170 of 2014." 

And he indicated that "some countries, including those mentioned, have a lot of smuggled money and are also wanted by the judiciary, and they can help Iraq recover its smuggled money, as the US Federal Bank contains 65 billion dollars frozen belonging to the previous regime and Iraq can claim it, according to the above agreement for the year 2008."  LINK

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Samson:  From 6 axes .. Al-Sudani is preparing to launch a "big reform project" for the economy

10/11/2022 08:49:40

 An adviser to the Prime Minister revealed that the Prime Minister, Muhammad Shia Al-Sudani, is preparing to launch a "major reform project" for the Iraqi economy.

The Chief Adviser for Economic Affairs, Abdul-Hussein Al-Anbaki, said in a press statement that "Al-Sudani is carrying out a major reform project for the Iraqi economy as a first step for the executive authority

He added that "this project works to consolidate the large competitive market, protect vulnerable segments, support the local product significantly, conduct banking reform that enables the agency to have correspondent banks abroad, adopt international standards in the field of banking reform and reduce corruption by fighting it

And he indicated that "these things are added to the empowerment of the private sector and the improvement of the business environment," expressing his hope "that economic activity outside the state will move forward   LINK

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Thursday Thoughts From Holly

Good morning everyone the most important thing we can do why we still wait, is keep your vibrations high, stay positive and avoid negative people and negative comments.

The doom and the gloom, the snide comments just lower your vibration and slows this whole thing down. We’re coming to the end of this, keep your vibration high!

Keep your positive frame of mind! -Holly

Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: All we hear and see is now about changing the exchange rate and heck even the World Bank representative is in an interview on television talking to us and saying Iraq needs to address the rate change

Frank26  [Iraq boots-on-the-ground report] FIREFLY: The Kurds just got their last 2 positions agreed upon and all 22 cabinet positions are filled for Sudani.  We have a full government we just have now to have it announced.  FRANK I had no concerns whatsoever about the two missing political positions with the Kurds and now that they are official it seems the government is ready to be announced...   

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Qatar announces cut-off of European gas supplies in support of Russia!

Deepin Moments:  11-10-2022

The European Union has recently come up with a new move to cap the price of natural gas, mainly to target Russian gas. In fact, it was not the EU's idea, but that of the Anglo-Saxon and Jewish consortium, which wanted to curb Russian gas and then make the EU a regular customer of American LNG.

As a result, before Russia could comment, Qatar quit, strongly opposing the EU's plan and saying that it would no longer supply gas to Europe as long as the EU allowed such anti-competitive behavior.

https://www.youtube.com/watch?v=rTurX8eljYs

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Economic News From Deepin Moments and Heresy Financial 11-10-2022

The era of de-dollars is accelerating! More than 60 countries have enabled RMB settlement

Deepin Moments: 11-10-2022

Argentina has publicly fired the first shot at de-dollarization, starting to use RMB (short for renminbi or ) for trade settlement, a move that is undoubtedly a head-butt for Biden, who is currently in the midterm elections in the United States.

CCTV news, Argentina RMB clearing bank service launch ceremony, held in the Argentine capital Buenos Aires. So far, Argentina will directly adopt RMB for settlement in its trade with China.

The establishment of the RMB clearing mechanism will facilitate cross-border transactions between enterprises and financial institutions of both countries and can further promote trade and investment facilitation.

The era of de-dollars is accelerating! More than 60 countries have enabled RMB settlement

Deepin Moments:  11-10-2022

Argentina has publicly fired the first shot at de-dollarization, starting to use RMB (short for renminbi or )  for trade settlement, a move that is undoubtedly a head-butt for Biden, who is currently in the midterm elections in the United States.

CCTV news, Argentina RMB clearing bank service launch ceremony, held in the Argentine capital Buenos Aires. So far, Argentina will directly adopt RMB for settlement in its trade with China.

 The establishment of the RMB clearing mechanism will facilitate cross-border transactions between enterprises and financial institutions of both countries and can further promote trade and investment facilitation.

RMB is the official currency of the People's Republic of China[note 1] and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022.   https://en.wikipedia.org/wiki/Renminbi

https://www.youtube.com/watch?v=C0kUgOxedgw

Japan Dumping Treasuries at Record Pace

Heresy Financial:  11-10-2022

Japan's foreign reserves fell by a record amount in October, marking three months straight of their foreign reserves falling. This comes after September, which is when they started intervening to save their currency.

As we've talked about a few times, their currency has been virtually failing and it has been falling versus other currencies like the dollar extremely quickly.

This prompted them to intervene on the 22nd of September for the first time in years to try and prop up the value of their yen, which ultimately failed and caused them to have to intervene again about a month later on the 21st of October.

Now, in order to intervene in your currency's decline, which means you have to be selling something, so you have the purchasing power to buy back your own currency. You can't buy back your own currency with your own currency. There's got to be an exchange going on.

Hence, ‘foreign exchange’. What we're seeing here is they’re selling reserves of foreign assets and then using purchasing power from that to buy back the currency here. When you buy something back and add that which buying pressure is going to bid up the price and stop the price decline.

Timecodes

0:00 Japan’s Foreign Reserves Fall for Third Month Straight

1:04 Japan Sells off its Reserves

2:43 Japan Trying to Sell Off US Treasuries

4:49 A Problem That is Still to Come

https://www.youtube.com/watch?v=qnMXdqaJKvA

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Chats and Rumors, MarkZ Deb Aspinwall Chats and Rumors, MarkZ Deb Aspinwall

"Coffee With MarkZ" Thursday Morning Chat 11-10-2022

Thursday Morning Chat with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good morning Mark. Hope your feeling a bit better.

Member: Tomorrow is 11-11. I believe The Chinese people like numerology….hope the elders like this date.

Member: Well since tomorrow is the 11th….guess we will see if anything happens besides can kicking

Member: What if anything do we expect 11/11?

Member: 11/11 is always Veterans Day and is officially a U.S.A. Federal Holiday

Thursday Morning Chat with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark. Hope your feeling a bit better.

Member: Tomorrow is 11-11. I believe The Chinese people like numerology….hope the elders like this date.

Member: Well since tomorrow is the 11th….guess we will see if anything happens besides can kicking

Member: What if anything do we expect 11/11?

Member: 11/11 is always Veterans Day and is officially a U.S.A. Federal Holiday

MZ: I am feeling a bit better….Andy Schectman is coming on today to help me out.

MZ: We are finally starting to get some news out of Iraq. “Advisor to the Prime Minister : The government plans to adopt international standards for banking reform”  this is the biggest piece coming out of Iraq this week. 

MZ: For them to be on international standards…what are they going to need? They are going to need an internationally recognized currency that has some value.

MZ: Iraq is due to vote on their full blown budget on the 20th. It is expected they will have a new rate . then they have about 12-14 days for the new president to ratify the budget and to fully be in effect with that new rate. I believe they would not be broadcasting that date which appears to be in stone unless they are going to Revalue sooner…..imo. This would allow to many to take advantage of it…so I don’t believe we will be waiting that long. You will probably be hearing and seeing this on the dinar boards a lot.

Member: Frank said 1 to 1 before new rate then float with 2023 budget

​Member:  I don't care if Iraq goes 1 to 1 first I'll take it.

Member: so would I…….they just need to do it.

MZ: Bond people are still seeing table top deals closing and happening….but not the level that I want to see. I was hoping for more of a shotgun like a mad, flurry of activity with everybody getting paid. It still appears to be constant and consistant though.

MZ: No updates on CMKX. The last time I spoke with a DHS contact he said that about once a month they are updating fines and penalties and getting prepared…and they are simply waiting for permission to release it….

Member: Every time you are wrong Mark, you are one day closer to the right Time!

MZ: that is definitely one way to look at it.

Member: So why hasn’t the RV happened already? Who is holding this up???

Member: I wish that Nesara would be announced and the military take charge of things.

Member: Everything is apparently done. Just waiting for the button. Event related only.

Members: How many events do they need…..we are up to our necks in events….

Member: ​If we have to wait until every rat is arrested we will never see this.

Member: Are the good guys going to do anything, anytime soon???

Member: Are there any good guys? ……I don’t believe it anymore.

MZ: I think the white hats….if they are truly out there and in charge….…have about a week in which to pull the trigger …if you are out there….its time to S*** or get off the pot. You need to run and admit that you can’t handle it and are not going to do it…..and  let us all put on our shoes and make it happen or…..it is time for you to pony up. All your excuses are done.

MZ: We have seen so much shenanagins and crap going on this week…..enough for you to prosecute and move….THIS IS IT….we don’t want to hear any more about your damn chess game. It is hit, shift or pull….MAKE IT HAPPEN. BOOM. It is pony up time or we will do it…..not with violence…we will do it with a calm, rational thoughtful way….We are warriors…..digitally and with truth.  SO PONY UP

Member: The whole world is tired of it.  They need to do something……

Member: Agree about the white hat’s 100% put up or shut up, all the news I’ve used to try and wake people up ends up an empty burger. I’m being made to look an idiot, time and time again! Staring to doubt it

Member: Lots of misinfo being put out to keep enemy confused

Member: I am stating Checkmate to all those playing their silly games while humanity suffers.

Member: Talked to bank why my transfer was taking so long when I asked why they were not on QFS she said that’s up to the Treasury to turn on.

Member: you can't put Gods money in the cabals world. we are watching it self destruct under it's own evil….fiat needs to go.

Member: QQQ- Do you think they are intentionally kicking the can down the road on the RV waiting for this dollar crash since most of them hate us so much????????

Member: question if the military calls marshal law and the big event happens will we RV right then?

Member; IMO It means the Federal reserve is done and we are going to the Quantum Financial System that is backed by Gold and precious metals.

Member: Holy Crap... Dow is UP 835

​Member: Every market metal, stocks, crypto is going up...crazy

Member: markets mostly every week down first of week, then they make sure its up on Friday before weekend, just a game to them.

Member: how much more bounce does that dead cat have?

MZ: This is to be expected.

Member: Tomorrow has so many meanings .. Nov. 11 .. George Patton was born on this Day!

Member: Still praying we have a Christmas to remember

Member: Mark- do you think it will go before Christmas?

MZ: I am an eternal optimist and think it will go before Christmas.

Member: If they don't release a stimulus and the RV doesn't happen, it is going to be a very dismal holiday season for the majority of Americans.

Member: let's manifest this rv with faith and positive intentions

Member: Life is as big as our dreams. I let go of the past and believe that my dreams will come true. Jeremiah 29:11

GOD Bless Everyone in this Group Watch over and Protect them and their families. Surround them with your Peace and Comfort ... In Your Name We Pray

Member: God Bless our veterans tomorrow on Veterans day….

Andy Schectman from Miles Franklin joins the stream about minute 30:00. Please listen to the replay for his information.

“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

THANK YOU FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TONIGHT AT 7:00 PM EST FOR MARK’S NEWS UPDATE.

https://www.youtube.com/watch?v=DQNJ2OfYdRk

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

News, Rumors and Opinions Thursday AM 11-10-2022

RV Excerpts and Rumors from the Restored Republic via a GCR as of Thurs. 10 Nov. 2022

Compiled Thurs. 10 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 9 Nov. MarkZ: No change from previous intel: “Most of my sources say it will happen by Fri. 11 Nov. They were rolling through the bonds at a reasonable rate.”

Tues. 8 Nov. Bruce: “Sources say everything will be released this week. One source said notifications would go 24 hours after the Election, that is if a Red Wave occurred Tier 4B (us, the Internet Group) would be notified by Thurs.10 Nov, and start appointments Thurs. evening or Fri. …The Big Call 667-770-1866 pin123456#

RV Excerpts and Rumors from the Restored Republic via a GCR as of Thurs. 10 Nov. 2022

Compiled Thurs. 10 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 9 Nov. MarkZ: No change from previous intel: “Most of my sources say it will happen by Fri. 11 Nov.  They were rolling through the bonds at a reasonable rate.”

Tues. 8 Nov. Bruce: “Sources say everything will be released this week. One source said notifications would go 24 hours after the Election, that is if a Red Wave occurred Tier 4B (us, the Internet Group) would be notified by Thurs.10 Nov, and start appointments Thurs. evening or Fri. …The Big Call 667-770-1866 pin123456#

Complete Blood Bath in Crypto and Stock Markets on Wed 9/11! It’s the END of the financial system – the biggest crash in human history. Global Financial Reset Imminent!!!

Read full post here:  https://dinarchronicles.com/2022/11/10/restored-republic-via-a-gcr-update-as-of-november-10-2022/

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Courtesy of Dinar Guru

Pimpy  The Central Bank of Iraq has already warned people to stop paying attention to individuals who are talking about the change in the Iraqi exchange rate...stating they have no intentions to change it for 5 years.  That's what they say.  Quick reminder, when the Kuwait dinar was finally reinstated...they had told the world they were not going to reinstate the rate for quite a while. [Post 1 of 2....stay tuned]

Pimpy  Then they did it two days later.  I'm not saying that Iraq is going to change the rate of the IQD.  I'm just saying you got to understand why they won't just come out and tell you they're going to do it.  You would get a lot of speculators jumping all over the Iraqi dinar.  It'd be a bad situation. [Post 2 of 2]

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KTFA:

Samson:  After its 3-day decline, oil prices are stabilizing as US inflation data awaits

10/11/2022 10:26:20

Oil prices stabilized today, Thursday, after a three-day decline, affected by the renewal of restrictions to combat “Covid-19” in China, the largest importer of crude in the world, as well as affected by traders’ anticipation of US inflation data, which may provide indications Regarding a future rate hike.

Brent crude futures fell two years to $92.63 a barrel.  West Texas Intermediate crude futures fell eight cents to $85.75 a barrel. Brent prices are down more than 6% this week, while WTI is down more than 7%. Aramco will supply all contracted quantities of oil to Asian refineries in December.  

Today, Thursday, the Chinese city of Guangzhou, the center of manufacturing, announced that it had recorded more than 2,000 infections with the Corona virus, which is the third day in which infections exceed this level in the worst outbreak in the city so far. Yesterday, Wednesday, the authorities demanded millions of residents to conduct tests for the disease, and imposed a closure on a neighborhood, while local infections in China reached their highest levels since April 30.

Data on the consumer price index in the United States will be released later on Thursday, and it is expected to show a decrease in the level of core inflation, monthly and annually. This may prompt the Federal Reserve (the US central bank) to reduce the size of the planned increase in interest rates, which will be considered a positive indicator of economic growth and demand for oil.

And the US Energy Information Administration announced that crude stocks increased by 3.9 million barrels last week, reaching their highest levels since July 2021. But fuel stocks fell by 900,000 barrels, the lowest since November 2014, while distillate stocks fell by 500,000 barrels.  LINK

 Japan's Printing Money To Solve Inflation - This Won't End Well!

Sean Foo:  111-10-2022

Japan is injecting stimulus money to help ease inflation, but this will likely cause an even bigger inflation monster down the road!

As the BOJ's currency intervention is failing to keep the Yen from crashing, consumer prices are soaring in Japan with inflation reaching a 33-year high. And to fight this, they are going to print money to ease the higher cost of living. But beware of the law of unintended consequences!

https://www.youtube.com/watch?v=G9Ej5L6dX20

Big Trouble Brewing at Banks that Will Rival the 2008 Subprime Mortgage Crisis

Steven Van Metre:  11-9-2022

https://www.youtube.com/watch?v=CbXwKTrWo_k

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Chats and Rumors, News Deb Aspinwall Chats and Rumors, News Deb Aspinwall

"Tidbits From TNT" Thursday Morning 11-10-2022

TNT:

Tishwash: Adviser to the Prime Minister: The government plans to adopt international standards for banking reform

Prime Minister Muhammad Shia Al-Sudani is preparing to launch a project described as reformist for the Iraqi economy.

The Prime Minister's Adviser for Economic Affairs, Abdul-Hussein Al-Anbaki, said in a statement reported by the official newspaper, "Al-Sudani is carrying out a major reform project for the Iraqi economy as a first step for the executive authority."

Al-Anbaki added, "This project works to consolidate the large competitive market, protect vulnerable segments, greatly support the local product, and conduct banking reform that enables the agency to have correspondent banks abroad, and adopt international standards in the field of banking reform and reduce corruption."

TNT:

Tishwash:  Adviser to the Prime Minister: The government plans to adopt international standards for banking reform

Prime Minister Muhammad Shia Al-Sudani is preparing to launch a project described as reformist for the Iraqi economy. 

The Prime Minister's Adviser for Economic Affairs, Abdul-Hussein Al-Anbaki, said in a statement reported by the official newspaper, "Al-Sudani is carrying out a major reform project for the Iraqi economy as a first step for the executive authority."

Al-Anbaki added, "This project works to consolidate the large competitive market, protect vulnerable segments, greatly support the local product, and conduct banking reform that enables the agency to have correspondent banks abroad, and adopt international standards in the field of banking reform and reduce corruption."

He pointed out that "the project also includes empowering the private sector and improving the business environment," expressing his hope "that economic activity outside the state will move forward

link

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Tishwash:  The Iraqi British Business Council Conference kicks off in Dubai

The conference of the Iraqi-British Business Council (IBBC) was launched in Dubai under the slogan (Iraq and identifying business opportunities).

Director of the Iraqi British Business Council IBBC Christoph Michaels said: "The conference sessions will include the sectors of industry, finance, water resources and the environment."

He pointed out: "The main objective of the conference is to advance the reality of the private sector in Iraq to build an economy capable of providing job opportunities for all Iraqis away from the public sector."

And Michaelis: "Most of the world's countries consider the private sector a mainstay in creating a profitable and attractive economic environment for foreign investment, and it has become important in raising revenues and diversifying sources of income."

The conference was attended by the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikhaif, the President of the Trade Bank of Iraq Salem Chalabi and representatives of the ministries and governorates, in addition to the UAE Assistant Minister of Trade, the Iraqi ambassador in Dubai, the British ambassador to Iraq, and a number of official figures and representatives of major international companies    link

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CandyKisses:  The Governor of the Central Bank inaugurates the branch of the International Development Bank in Dubai

 Wednesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, inaugurated the branch of the International Development Bank in the United Arab Emirates/Dubai

We feel happy and proud when we see one of our banks occupying a position within the UAE banking sector after obtaining the confidence of the Central Bank of the UAE," Makheif said in a statement on the sidelines of the opening

He considered that "the event is important, on which we build hopes that our banks will participate with this vibrant sector in the sister country

He wished the bank, its management and employees continued progress and payment

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CandyKisses:  Expectations of an explosive budget that will reach Parliament at the end of this month

Baghdad / Hussein Hatem

The Parliamentary Finance Committee estimates the budget for the year 2023 at a value of 135 billion, most of which is in the interest of investment and support for the private sector.

The Ministry of Finance announced, at the end of last month, the actual start of preparing the budget law for the year 2023, while indicating that there is no time limit for sending the budget law to the House of Representatives, but work to send it will be as soon as possible.

A member of the Parliamentary Finance Committee, Jamal Cougar, said, "The general financial budget for 2023 will be between 120 and 135 billion dollars."

Cougar added, "The public financial budget consists of two parts. The first part, which is the operating budget, is related to salaries, retirement, the social protection network, and ministries' expenses," adding, "As for the second part, it is represented in the investment budget related to the amounts of new and strategic projects, in addition to private sector projects and job creation." .

He pointed out that "the operational budget for the year 2023 was added to some amounts, as it reached 115 trillion, in contrast to the operating budget for the year 2021, which amounted at the time to 102 trillion."

Cougar explained, "The authority of the Finance Committee relates to two issues, the first is to reduce the numbers if they are exaggerated, and the second issue is the transfer between the doors and it falls within the financial aspect."

He pointed out, "Oil prices will not drop below $80," noting that "the inclusion of appointments in the budget is not within the competence of Parliamentary Finance."

In turn, a member of the House of Representatives, Mohsen Al-Saidi, suggested that "the federal financial budget bill for 2023 by the government will reach the House of Representatives at the end of this month."

Al-Saidi added, "The House of Representatives is waiting for the government to complete the budget bill as soon as possible."

The member of the House of Representatives indicated, "The speedy adoption of the budget law has become an urgent necessity, with the objectives included in the ministerial curriculum voted on by Parliament."

Al-Saidi pointed out that "indications are that the government will speed up preparing the budget and sending it to Parliament at the end of this month," stressing that "there are understandings between the political blocs on the necessity of passing the current year's budget and not obstructing it."

Mot:  When Answering the ""Wee Folks"" Questions.. Get More Clarity first ~~

Mot:  Be Aware! - of the Non Stop Adventures While Raising the ""Wee Folks""

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Wednesday Night News, Rumors and Opinions 11-9-2022

KTFA:

Samson: Agency: China and Russia have resorted to building gold reserves

9th November, 2022

Bloomberg Agency reported that the dominance of the US currency and Washington's strict measures to maintain it are forcing some countries, such as Russia and China, to build gold reserves.

According to the article, data from the World Gold Council indicate that central banks around the world bought 400 metric tons of gold in September, which is the equivalent of the usual purchase volume for an entire year.

KTFA:

Samson:  Agency: China and Russia have resorted to building gold reserves

9th November, 2022

Bloomberg Agency reported that the dominance of the US currency and Washington's strict measures to maintain it are forcing some countries, such as Russia and China, to build gold reserves.

According to the article, data from the World Gold Council indicate that central banks around the world bought 400 metric tons of gold in September, which is the equivalent of the usual purchase volume for an entire year.

In the agency's view, all of this can be compared to preparing for "the end of the world, when people pile up canned goods and firearms in shelters with loads of gold bars." The article added: "Bullion has one important advantage: unlike a bond, it does not bind you to an unreliable third party."

In earlier periods, US national debt securities were considered a "risk-free" investment, but sanctions have frozen the reserves of the Bank of Russia, and the European Union is considering transferring this money to Ukraine, so "in a world where no one can be trusted, it makes sense that one saves oneself a golden rescue pillow."   LINK

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Samson:  A country neighboring Iraq signs a memorandum of understanding worth about 40 billion dollars with "Gazprom"

Iranian Oil Minister Javad Oji announced the signing of a memorandum of understanding worth nearly $40 billion with Russia's "Gazprom", IRNA news agency reported on Wednesday.

"We have signed a memorandum of understanding worth nearly $40 billion with Gazprom," Oji said on the sidelines of the Iranian cabinet meeting today, Wednesday.

The Iranian minister added, "We also put the development of fields and gas transmission lines on the agenda." He continued, "We have started bartering oil products, and we are also continuing to discuss the gas barter, and we hope that it will be implemented this winter."

Referring to the measures taken by the Iranian Oil Ministry to expand foreign investment, the minister said: "Today, large Russian companyes are investing in our country, including Gazprom.LINK

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Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  The parliament is putting pressure daily, coming on TV asking the CBI to make the rate change to curb inflation and help the citizens.   FRANK:   Isn't that amazing.  We know the GOI and the CBI are working in cahoots together to bring forth the new exchange rate.  But the GOI will not release the new government until we know the new exchange rate is ready to be released from the governor of the CBI...Once that happens all hell will break loose!

Samson  Article:  "Economist : Reducing the dollar exchange rate is not impossible and the current time is suitable for monetary change"  Quote:  "decreasing the exchange rate is not impossible, and this matter becomes a strategic option for monetary policy if the monetary reserve continues to rise...the current and next two years are the most appropriate time to bring about this monetary change."

Goldman Sachs Expects Gold To SURGE Higher. Corporate Layoffs Accelerate. CRYPTO SLAMMED.

Greg Mannarino:  11-9-2022

https://www.youtube.com/watch?v=fFpNYmCMaAo

Cashing Out on Real Estate? Gold During Hyperinflation?...Q&A with Lynette Zang & Eric Griffin

11-9-2022

Viewer Questions:

Question 1: 1:02 I understand that the price of gold and silver will rise once hyperinflation. Will the final price be considered the fair market value and last for quite a while, or will these prices only remain for a short window, and we must act fast to sell some of our position to pay off mortgages etc., and then prices will come crashing down again?

Question 2: 4:33 During a bank bail in, would they bail in CD's?

Question 3: 6:03 Do you believe there will be a debt market implosion? Or will the FED and other institutions not allow it?

Question 4: 8:04 If you cash out real estate now in a good market, what are the best ways to de-bank the money?

Question 5: 8:56 I have done major precious metals purchases and feel I am all set. However, I still have $100K cash as my emergency fund. I am thinking to put this money in 3% savings account or short-term treasuries. Is there any risk, or is there better options to park the money in short term and still have it readily accessible?

Question 6: 11:43 If the stock market crashes will gold prices drop?

Question 7: 15:22 What do you think of goldbacks?

https://www.youtube.com/watch?v=gs8jqyQ1l3w

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Chats and Rumors, MarkZ Deb Aspinwall Chats and Rumors, MarkZ Deb Aspinwall

"Coffee with MarkZ" Very Short Wednesday Morning Chat 11-9-2022

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Wednesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Wonder why there was no notes from MarkZ last night?

Member: Probably because there was no RV news last night.

Member: Hoping Mark has something great for us today.

MZ: I have to keep it short….my voice is toast. We knew this would be a tumultuous week….sit back and do not panic. I believe this is the line in the concrete – not sand.

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Wednesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Wonder why there was no notes from MarkZ last night?

Member: Probably because there was no RV news last night.

Member: Hoping Mark has something great for us today.

MZ:  I have to keep it short….my voice is toast. We knew this would be a tumultuous week….sit back and do not panic. I believe this is the line in the concrete – not sand.

MZ: Quiet overnight as expected. Nothing on the RV front

Member: DOW is 33,008.37 down −152.46

Member: Isn't anyone else sick and tired of the "wait for it" mentality? Reading cryptic posts to find meaning? Something good will happen on this date blah blah blah! The evil is trenched deep

Member: Im getting tired of being told to buckle up

Member: imagine how frustrated Mark is not having any RV news to tell us….

Member: Waiting and waiting and waiting...that in itself is draining. I feel so sorry for humanity. No encouraging news to help with our spiritual health. So many are ill or passing.

Member: some still say the military is the only way we will get the RV

Member: Imagine our Founding Fathers waiting on the military to save them.

Member: Mark and a huge thanks as always for all you bring to this awesome community. Take care of yourself and get well soon.

Member: Praying for your health and VOICE Mark…..feel better soon.

Next stream is tonight at 7 pm ….unless…….Mark is sick or there is nothing to say

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Youtube:     https://www.youtube.com/watch?v=X6KdfTa3VTc

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Chats and Rumors, News Deb Aspinwall Chats and Rumors, News Deb Aspinwall

"Tidbits From TNT" Wednesday AM 11-9-2022

TNT:

Tishwash: Source: France's Total wants to leave Iraq and sell its $27 billion stake

An informed source said, on Wednesday, that the French company Total wants to withdraw from Iraq.

The source told "Economy News" that the French company Total Energy is negotiating to sell a share in the deal of its huge projects in Iraq, amounting to 27 billion dollars, in favor of Qatar Energy.

He added, "The French giant is renewing its efforts to complete the deal with the formation of a new government in Iraq link

TNT:

Tishwash:  Source: France's Total wants to leave Iraq and sell its $27 billion stake

An informed source said, on Wednesday, that the French company Total wants to withdraw from Iraq.

The source told "Economy News" that the French company Total Energy is negotiating to sell a share in the deal of its huge projects in Iraq, amounting to 27 billion dollars, in favor of Qatar Energy.

He added, "The French giant is renewing its efforts to complete the deal with the formation of a new government in Iraq     link

Tishwash:  The assassination of a prominent leader in the Sadrist movement

Unidentified gunmen assassinated, today, Wednesday, the prominent leader of the "Peace Brigades", Salah Berish al-Shiblawi, the commander of the military wing of the Sadrist movement, led by Muqtada al-Sadr.

Security sources said that "unidentified gunmen in a car without traffic plates opened fire on the prominent leader of Saraya al-Salam (the Sadrist movement), Salah Barish al-Shiblawi, in the Jihad neighborhood, west of the Iraqi capital, Baghdad."

The sources indicated that "the gunmen fled to an unknown destination after the assassination of Al-Shiblawi, while the security forces imposed strict security measures at the exits of the Jihad neighborhood to prevent the militants from fleeing outside the area after carrying out the assassination."

The area witnessed a proliferation of Saraya al-Salam militants, after the assassination of a prominent Saraya leader in Baghdad, which is said to have come against the backdrop of a clan vendetta, and no official confirmation has yet been issued about the circumstances of the incident.  link

************

CandyKisses:  Iraq achieved a financial surplus of more than 38 trillion dinars in the past months

The Ministry of Finance issued the Iraqi state accounts for the month of last September for the fiscal year 2022, which indicated that the volume of financial revenues amounted to more than 122 trillion dinars, and a financial surplus amounted to more than 38 trillion dinars

According to the data and tables issued by the ministry in the month of November for the accounts of last September, which showed that oil is still the main resource for Iraq’s general budget, reaching 96 percent, which is the same percentage for the past six months, which indicates that the rentier economy is the basis in Iraq’s general budget

Through the financial tables, it appeared that the total oil revenues for the month of September amounted to 122 trillion and 796 billion and 502 million and 987 thousand and 111 dinars, which represents 96 percent of the total revenues, while the total non-oil revenues amounted to 4 trillion and 958 billion and 597 million and 101 thousand and 636 dinars. 4 percent of the total revenues, indicating that the total expenditures with the advances amounted to 84 trillion and 666 billion and 606 million dinars

************

CandyKisses:  For the third day in a row, oil prices fell

Oil prices fell for the third day in a row, today, Wednesday, in light of the difficult expectations of Chinese demand and the rise in US stocks.

West Texas Intermediate crude fell 46 cents toward $88.45 a barrel, after falling by 4% over the past two days, and Brent crude fell 35 cents to $95.01

The outbreak of the Corona virus in China shows the pressures on the economy as the zero-Covid policy continues, although harsh lockdowns and mass testing have failed to control it.

On the other hand, the American Petroleum Institute reported that oil inventories increased by 5.61 million barrels last week, according to people familiar with the numbers, which also showed a rise in gasoline stocks, while markets awaited official data from the Energy Information Administration later on Wednesday.

Crude oil rebounded in October after the Organization of the Petroleum Exporting Countries and its allies agreed to cut supplies, while tight EU restrictions on Russian oil flows next month amid the war in Ukraine could add upward pressure on prices.

Traders were also tracking the results of the US midterm elections, where a change in the balance of power in the Senate and House of Representatives could derail President Joe Biden's legislative agenda and affect the US currency, with the potential for large swings in the prices of crude oil and other commodities.

Mot: and Yet Another ""Raising the Wee Folks"" Tip - from Mot of Course! ~

Mot:  .... aaaaahhhhhh the joys of raising the ""Wee Folks"" ~~

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

News, Rumors and Opinions Wednesday Morning 11-9-2022

RV Excerpts and Rumors from the Restored Republic via a GCR as of Wed. 9 Nov. 2022

Compiled Wed. 9 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

MarkZ: “Most of my sources say it will happen between now and Fri. 11 Nov. They were rolling through the bonds at a reasonable, responsible rate.”

Tues. 8 Nov. Bruce: “Sources say everything will be released this week. One source said notifications would go 24 hours after the Election on Tues.-Wed. 8, 9 Nov. If a Red Wave occurred it looks like Tier 4B (us, the Internet Group) would be notified Thurs.10 Nov, which means we would start appointments Thurs. evening or Fri. …

RV Excerpts and Rumors from the Restored Republic via a GCR as of Wed. 9 Nov. 2022

Compiled Wed. 9 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

MarkZ: “Most of my sources say it will happen between now and Fri. 11 Nov.  They were rolling through the bonds at a reasonable, responsible rate.”

Tues. 8 Nov. Bruce: “Sources say everything will be released this week. One source said notifications would go 24 hours after the Election on Tues.-Wed. 8, 9 Nov. If a Red Wave occurred it looks like Tier 4B (us, the Internet Group) would be notified Thurs.10 Nov, which means we would start appointments Thurs. evening or Fri. …

Global Financial Crisis:

Inflation has been stuck at 40-year highs for over 8 months.

A falling stock market has wiped out more than $9 trillion of wealth.

On an average 401(k)s have dropped more than 20%. Totaling more than $2.1 trillion in losses.

A long, severe Recession was all but guaranteed.

STOCKS and GOLD rocket higher while the US DOLLAR INDEX drops below 110. Are they giving us a clue whether it will be a BLUE or RED wave on ELECTION DAY?

https://dinarrecaps.com/our-blog/the-us-fed-and-the-treasury-are-at-odds-luke-gromen

Read full post here:  https://dinarchronicles.com/2022/11/09/restored-republic-via-a-gcr-update-as-of-november-9-2022/

*************

Courtesy of Dinar Guru

RVAlready  From what I have seen of the news, Iraq will continue to lie about the RV.  But, I think it will happen sooner, rather than later. I believe the RV and the budget are actually ready to go.

Nader From The Mid East   I think they're going to put it 1 to 1.  I don't think they're gonna put it 1200 or 1350.  When I don't know...the exchange rate they're gonna change.  When?  I don't know...Me, I'm targeting 2023.  If they do it before, good for them and good for us.  I wish they could do it before...it's a waiting game...when they stop selling dinar for a couple of days all over the world, you know that money is gonna switch...

**************

ALERT! Fake Silver Price JUMPS Over $20 as Physical Disappears! $800/oz Silver is Coming!

(Bix Weir)  Nov 4, 2022

The Silver markets are shutting down and preparing for the End Game so if you can just hang on through the coming CHAOS you will be rewarded! I expect to see both $800/oz silver AND -$40/oz silver as the COMEX fails over and over again. Remember...silver is ONLY priced on the COMEX for now and that price is just an illusion. We are holding for "After the Crash!"

https://www.youtube.com/watch?v=Fi742-Qd6tk

Are Government Bonds Entering a Final Crisis Phase?

Lynette Zang:  11-8-2022

Great Britain is the canary in the coal mine, and they are leading the way in what is most likely to happen in advanced economies.

And you might say, "well I don't live in Great Britain, so why do I care?" And the reason why you care number one, is because we're all interconnected. So what happens in one part of the world, quite honestly is an indication that could spread throughout the global economy.

And the UK has already started financial repression or the citizens are entering a winter that could look pretty darn gloomy. Whether you realize it or not, so are we.

Chapters:

 0:00 Why Great Britain’s Financial Crisis Matters

1:50 Financial Repression

6:44 Bank of England’s Pledge

8:49 BOE Sells Bonds

12:46 UK Treasury Transfer

16:40 Central Banks Buying Record Gold

https://www.youtube.com/watch?v=xaOC6SpiVYA

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

"The US Fed and the Treasury Are At Odds" Luke Gromen

Luke Gromen: The US Fed and Treasury are at Odds

Palisades Gold Radio: 11-8-2022

Luke discusses how Russia has proven to be far more resilient than the West expected. They are massively miscalculating Russia's true GDP, which can be calculated based on the value of a barrel of oil.

We're now seeing the consequences as Europe and the U.K. both have an energy crisis. The U.S. has tried to mitigate the impact by dipping into the Strategic Reserve. He says, "If you want to understand the true value of oil, fill up your car, go for a long drive until you run out, and then push it back to where you started."

We've had the worst year in treasury markets since 1798. Russia was successful in defending their currency since they required 'less friendly' buyers to pay with Rubles.

Luke Gromen: The US Fed and Treasury are at Odds

Palisades Gold Radio:  11-8-2022

Luke discusses how Russia has proven to be far more resilient than the West expected. They are massively miscalculating Russia's true GDP, which can be calculated based on the value of a barrel of oil.

 We're now seeing the consequences as Europe and the U.K. both have an energy crisis. The U.S. has tried to mitigate the impact by dipping into the Strategic Reserve. He says, "If you want to understand the true value of oil, fill up your car, go for a long drive until you run out, and then push it back to where you started."

We've had the worst year in treasury markets since 1798. Russia was successful in defending their currency since they required 'less friendly' buyers to pay with Rubles.

The West wants to cap Russia's energy prices, but that seems quite unrealistic. The U.S. is seeing shortages of distillates and high diesel prices, while inflation remains persistent. There is a feedback mechanism between energy, inflation, and sovereign debt markets. Energy is required for everything, and cheap energy is necessary to maintain the system at current sovereign debt levels.

We are starting to see debt sustainability issues. Energy eventually connects back in a feedback loop, as everything is inter-related. At some point, things break, as we've seen with the U.K. pensions.

Rising dollars create a bad situation for everyone. It weakens domestic corporations and ultimately turns everything into a balance sheet contest. There is an argument that running the dollar up will hurt the U.S. last, but what if the U.S. is wrong this time, and it doesn't hurt Russia, China, and India that much.

Countries seem to be accumulating gold instead of dollars, and a recent buyer of 300 billion worth did not their identity. This is starting to look like a transition away from the dollar and into gold.

OPEC may have been making a strategic move with Saudi Arabia. They realize that if the West can choke out Russia, then they're likely next. Also concerning is that the U.S. has demonstrated its willingness to steal FX reserves of other nations.

Gold is likely to be a politically managed metal until the day it is not. The Treasury recently stated on Monday that the U.S. Federal deficit is expected to double next year. This throws pressure back on the Fed and certainly means that rates and the dollar will continue rising.

 It looks like the Fed and Treasury are fighting.

Once the U.S. fiscal situation gets acute enough, you're going to see gold take off. When the Fed finally pivots, it should be good for both energy and metals markets.

 Currently, energy is looking excellent compared with treasuries. A Fed pivot is likely to happen sooner rather than later, but they have not budged so far. Larry Summers has stated that we are nearing a "doom loop".

Time Stamp References:

0:00 - Introduction

0:37 - Global Signposts

8:32 - Treasuries & Energy

12:25 - Yields & a Rising Dollar

15:52 - Oil In Other Currencies

23:14 - Foreign Reserves & Gold

26:40 - Purpose of OPEC Cuts

28:52 - C.B. Gold Demand

32:43 - Basel & Derivatives

35:33 - MOVE Index & The Fed

 36:52 - Treasury Borrowing 2X

41:36 - Energy Markets & Bonds

44:14 - Fed Pivot Effects

45:32 - Hikes & Sector Risks

52:14 - Fed & Inflation Targets

53:15 - Canada & China Divestment

 57:06 - Wrap Up

Talking Points From This Episode

- The West's miscalculation of the true value of energy.

- Treasury market risks and why the West needs cheap energy.

 - The U.S. Fiscal deficit is set to double next year.

 - Why the metals and energy are both likely to do well when the Fed pivots.

https://www.youtube.com/watch?v=d060it2pvSs

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

More News, Rumors and Opinions Tuesday PM 11-8-2022

TNT:

Tishwash: Morocco is preparing to host the annual meetings of the Bank and the International Monetary Fund

Today, Tuesday, Moroccan Prime Minister Aziz Akhannouch held a meeting devoted to following up on the preparations of the city of Marrakesh to host the annual meetings of the World Bank Group and the International Monetary Fund, in October 2023.

According to a government statement, "a copy of it, 14,000 people from all over the world will participate in the meetings. 189 member states of the two institutions The preparatory day meeting will be followed by a series of meetings aimed at making the event organized on the African continent for the first time in 50 years a success.

TNT:

Tishwash:  Morocco is preparing to host the annual meetings of the Bank and the International Monetary Fund

Today, Tuesday, Moroccan Prime Minister Aziz Akhannouch held a meeting devoted to following up on the preparations of the city of Marrakesh to host the annual meetings of the World Bank Group and the International Monetary Fund, in October 2023.

According to a government statement, "a copy of it, 14,000 people from all over the world will participate in the meetings. 189 member states of the two institutions The preparatory day meeting will be followed by a series of meetings aimed at making the event organized on the African continent for the first time in 50 years a success.

During this meeting, the Prime Minister reviewed all the stages that the preparations have gone through and the rest of them, as well as the communication plan that was prepared to keep pace with Our country's embrace of these meetings The meeting was attended by a number of ministers and relevant officials.

The Annual Meetings are usually held for two consecutive years at the headquarters of the World Bank Group and the International Monetary Fund in Washington, DC, and every third year in one of the member countries. Under the umbrella of the annual meetings, central bank governors, finance and development ministers, and private sector executives meet.

Representatives of civil society, the media, and academics will also attend to discuss issues of global concern, including the outlook for the global economy, global financial stability, poverty eradication, economic growth, job creation, climate change, and other current issues.

Last week, the Moroccan Prime Minister met representatives of the World Bank and the International Monetary Fund, at the conclusion of their annual consultative visit by representatives of the two mentioned institutions to various countries of the world.  link 

************

Courtesy of Dinar Guru

Nader From The Mid East   Latest news, the dinar sales gone down since 2 years.  It's getting good...I think a lot of news is going to come out this week.

Frank26  Article:  "Al-Eqabi:  The 2023 budget will be explosive and reveals the reason for Al-Najjar's resignation"  Ka-Boom!  What we told you 'IOO' is now a standing ovation...The education of the monetary reform told the citizens in explosive details!  Quote:  "After changing the exchange rate, the 2023 budget is sure to be explosive and we expect it's actual revenue to reach $120 billion dollars..." By the way a program rate is not an explosion!

************

KTFA:

Samson:  President of the Republic: Iraq currently has a strong economic situation that enables it to complete projects

08/11/2022 12:47:58

The President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at his residence in Sharm El Sheikh, the British Minister of State for Foreign Affairs, Commonwealth Affairs and Development James Cleverly, pointing out that Iraq currently has a strong economic situation that enables it to complete projects.

The office of the President of the Republic stated in a statement received by {Euphrates News} that, "In the meeting, which was held on the sidelines of the United Nations Climate Summit COP 27, friendship and cooperation relations between Iraq and the United Kingdom were discussed, and ways to strengthen them." 

The President of the Republic spoke about the economic impact of Iraq and its people in the past period, especially during the war against the criminal organization Daesh, but the insistence of the Iraqis to proceed on the path of peace and prosperity made the country maintain its high position in the region, noting that Iraq currently possesses a strong economic situation that enables it to completing projects that serve his children. 

They also discussed environmental problems and climate change in the region and the world, and their negative effects in increasing desertification and water scarcity, which affect the lives and livelihoods of citizens and produce health and economic damage.

The president pointed out that "the phenomenon of climate change affects all of humanity, but Iraq is one of the countries affected by it greatly, stressing the need to take the necessary measures to reduce it, and the importance of international cooperation and providing the necessary support to overcome these risks through serious joint work and the exchange of experiences." 

For his part, Minister Cleverly praised Iraq and its people, pointing to the importance of the close relations between the two countries and the need to expand horizons of cooperation in various fields, including those related to confronting the phenomenon of climate change and protecting the environment because of the damage this phenomenon affects all peoples of the world, pointing to the importance of strengthening international efforts and activating ambitious plans through a joint international effort to confront this phenomenon.  LINK

The Current Global Economic COLLAPSE And Financial System MELTDOWN Will Accelerate.

Greg Mannarino:  11-8-2022

https://www.youtube.com/watch?v=q8PnGLpyMGA

ALERT! Silver OTC Derivatives at BofA to ZERO OUT on December 31, 2022!! BUY SILVER!

(Bix Weir)  11-8-2022

On December 31, 2021 Bank of America held over 1.2Boz of leased Silver hedged by OTC Derivatives with 1yr Maturity! ALL WILL EXPIRE by DECEMBER 31, 2022! All this silver came out of the criminal market riggers at JP Morgan and will pass through BofA on it's way to both Warren Buffett & Elon Musk...

Note: the Buffett portion will be headed right to the US MINT to "add to the nest" of the new Gold & Silver monetary system!! YOU HEARD IT from Roota FIRST!!

https://www.youtube.com/watch?v=EWp6rm0cjKI

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