News, Rumors and Opinions Sunday Afternoon 11-27-2022

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

KTFA:

Samson:  Experts: US sanctions against 14 Iraqi banks accused of money laundering reduce dollar sales at the currency auction

27th November, 2022
Numerical data on currency sales to the Central Bank of Iraq showed the extent of the decline in it during the month of November, which sometimes reached less than 100 million dollars per day, after it used to exceed 250 million dollars per day, most of which goes in the form of external transfers.

Economist Nabil Al-Marsoumi said in an interview with Shafaq News agency; The US sanctions that it placed on 14 Iraqi banks on the blacklist as a result of their smuggling of dollars and their money laundering process, which was stopped by the Central Bank of Iraq after it was entering the window for selling foreign currencies behind the decrease in the central bank’s sales of dollars.

He added, "The decline is not related to the general economic situation and is not related to the general budget, but it is related to the sanctions, the US Federal Bank, by issuing orders and instructions to the Central Bank of Iraq not to deal with these private banks."

He pointed out that "the lack of sales led to a scarcity in the supply of US dollars to the Iraqi market," pointing out that "the price of the parallel dollar began to approach 1,500 dinars against one dollar."

It is noteworthy that the central bank sells the dollar in an auction that it organizes daily to banks and mediation companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians have indicated corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions for that.  LINK

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Samson:  Al-Sudani announces the recovery of 182 billion dinars from tax secretariats

27th November, 2022

The Iraqi Prime Minister, Muhammad Shia' al-Sudani announced, on Sunday, the recovery of 182 billion Iraqi dinars, as part of the stolen tax secretariats, which was known as the "theft of the century".

Al-Sudani said, in a press conference, followed by Shafaq News Agency, that "the competent authorities managed to recover the first batch of more than 182 billion dinars, and that investigative committees were formed to audit the instruments disbursed from the tax secretariats."

He added, "The investigation committee pointed out the violations and negligence in facilitating the seizure of trust funds, and there are bodies within the Tax Authority and other supervisory and responsible parties that facilitated the theft of trusts," pledging to "announce the parties that facilitated the theft of trusts after completing the investigations."

And the Prime Minister continued: "We will not exclude any party involved in the theft of safe deposits, and there are investigative committees that have reached a conclusion that 114 checks have been paid to the accused, Nour Zuhair, with a total amount of more than one trillion dinars."

Al-Sudani pointed out that "the managing director of the Badia Al-Masar company is called Abd Al-Mahdi Tawfiq and its accused owner, Abd Al-Rahman Muhammad Ibrahim," pointing out that "66 checks have been disbursed for a total amount of 982 billion dinars to the (Humpback Whale) company to its fugitive managing director Abd Al-Mahdi Tawfiq and its accused owner, Qassem Muhammad." 

The Prime Minister stated, "The money spent amounts to three trillion, 754 billion, 642 million, and 664 thousand dinars," calling on the defendants against whom arrest warrants were issued to "surrender themselves and hand over the stolen sums, and work will be done with the judiciary to assist them in accordance with the law."

In conclusion, Al-Sudani asked the Director General of Al-Rafidain Bank to receive the refund amount from the tax secretariats.  LINK

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Courtesy of Dinar Guru

RVAlready   I hold out some hope that the CBI promised the IMF to RV by Nov 30. We will see us that holds up.

Suzie   Community Member Comment:  Its great to see them trying to rush the budget law but also remember this is iraq great with words and slow with action...maybe this time they will actually do it on time.  SUZIE: Let's hope so, it seems like the last couple years things always look good at this time of the year only to have "something" get in the way and it carries on.  Perhaps this year will be "the best Christmas ever"!   MEMBER:  We should have a very good idea on the 9th since we were told that is when the budget is supposed to be given to the goi"

9 countries announced to buy oil with gold instead of dollars!

Deepin Moments:  11-27-2022

On November 24, Ghana's Vice President Mahamudu Bawumia announced on social media platforms that Ghana is developing a new policy to use gold instead of dollars to buy oil.

This decision is certainly a renewed call for a global shift away from the dollar!

The move is intended to counter the decline in foreign exchange reserves and the demand for dollars by oil importers.

As of the end of September, Ghana's total international reserves stood at about $6.6 billion, equivalent to less than three months of imported reserves. This is reportedly down from about $9.7 billion at the end of last year.

According to Bawumia, if implemented as planned in the first quarter of 2023, the new policy "will fundamentally change our balance of payments and significantly reduce the continued devaluation of our currency, and the use of gold will prevent the exchange rate from directly affecting fuel or utility prices, as Ghana's oil companies will no longer need foreign currency to import petroleum products.

https://www.youtube.com/watch?v=theQV7NHQHs

Prepare For The Russian Reversal - Putin Strikes Back

Sean Foo:  11-27-2022

Putin is about to flip the script on the G7's price cap and this is going to take the energy crisis to a whole new level. As the price cap on Russian oil looms, the G7 can't seem to get their plan in order and now Putin is about to derail everything with this presidential decree. Here's what you must know!

https://www.youtube.com/watch?v=c8amR-5Yaa4

"Tidbits From TNT" Sunday 11-27-2022

TNT:

Tishwash:  An official invitation to Iraq to attend the Arab-Chinese summit

President of the Republic, Abdul Latif Jamal Rashid, today, Sunday, received the invitation of King Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, to attend the Arab-Chinese summit.

The media office of the President of the Republic said in a statement received by Alsumaria News that the latter "received an ambassadorKingdom Saudi ArabiaI have Iraq Abdul Aziz Al-Shammari".

The statement added, "The President of the Republic received the invitation of King Salman bin Abdulaziz Al Saud, King Kingdom Saudi Arabia To attend the Arab-Chinese summit that will be held next month and aims to strengthen Arab-Chinese relations.

And the statement continued, "During the meeting, they discussed the bilateral relations that bind Iraq And Saudi Arabia, where the President of the Republic stressed the need to develop it and expand the horizons of constructive cooperation and positive partnership in a manner that guarantees the supreme interests of the two brotherly peoples.

According to the statement, the president entrusted the Saudi ambassador with his greetings to the Saudi monarch, stressing his interest in making every effort to strengthen brotherly relations and historical friendship between the two countries. Iraq and the Kingdom.   link

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CandyKisses:  General Secretariat: The government is working on a daily basis to complete the country's general budget

The General Secretariat of the Council of Ministers announced today, Sunday, that the government is working on a daily basis to complete the country's budget.

The General Secretariat of the Council of Ministers said in a statement, which Mawazine News received a copy of, that "Deputy Secretary-General of the Council of Ministers, Farhad Nimatullah Hussein, received today the Deputy British Ambassador to Baghdad, Serena Stone, and her accompanying delegation."

The Deputy Secretary-General of the Council of Ministers stressed, "the depth of the historical relations between Iraq and the United Kingdom," pointing out that "there is a long history of fruitful cooperation in many important files between the governments of the two friendly countries."

He continued, "The new government is working seriously and with great interest to implement the government program put forward by Prime Minister Muhammad Shia'a al-Sudani, which included important files, most notably combating corruption, services, investment, fighting terrorism, human rights, and addressing outstanding issues with the Kurdistan Regional Government, and other files." included in the government programme. He added, "The government is working on a daily basis to complete the country's general budget as soon as possible, as well as files for improving basic services and the Iraqi economic situation," noting that "there is an unprecedented interest by the prime minister in the human rights file."

The Deputy Secretary-General stressed "the importance of the return of British companies to help in the reconstruction of Iraq," pointing to "the Iraqi government's keenness to provide support to attract investments and international companies to work in Iraq and create job opportunities for young people."

For her part, Deputy British Ambassador Serena Stone welcomed "the formation of the new government and the Prime Minister's move to appoint an adviser to him for human rights, as he is very important at the local level and the international community," stressing her desire "for the return of British companies to work in Iraq, and to provide support in all its forms and in various fields, especially in the areas of technical support for e-government, and the enactment of some laws are important.” 

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RVAlready:  Hopefully, there have been enough back room meetings already to ensure a majority vote on the budget in parliament. And, hopefully, the CBI is ready to hit the RV button at the earliest possible moment - maybe before the budget is passed.

Ivantulafitov:  Worth more than Elon Musk and Jeff Bezos combined, the Qatari royal family leads a life so decadent that even kings and billionaires can only dream of https://luxurylaunches.com/other_stuff/lifestyle-of-the-qatari-royal-f​amily.php Their $400 million yacht is longer than a football field, they stay in mega palaces, and their private jet is a Boeing 747.

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CandyKisses:  Parliamentary Finance: job grades and confirmation of contracts in the 2023 budget

The Parliamentary Finance Committee expected, on Saturday, to pass the draft federal budget law for the year 2023 in the month of February, while confirming that it will include job grades and confirmation of contracts

Committee member Haitham Al-Zahwan told the official news agency, "The 2023 budget will provide all the needs of the citizen, and it is currently in the preparation stage by the government

He added, "The draft budget, according to the available information, will include, as basic priorities, allocations for the services file, the implementation of strategic projects, job grades, and confirmation of contracts

He continued, "The governorates prepare their own budgets and will be sent to the government for consideration and to determine the share of each governorate in the 2023 budget," expecting "to pass the budget within the House of Representatives next February.

Mot: ... Does Yours Too!!??? ~~~~

Mot: ...... Dearest Family - ~~~~

Mot: .... is it Too late to Be Thankful for! ~~~~

The US PetroDollar Won't Exist in 5 Years, Here's Why.

The US Petrodollar Won't Exist in 5 Years. Here's Why.

Investing Future:  11-27-2022

Petrodollars are just U.S. dollars that an oil exporter accepts as payment; they are not separate currencies.

Petrodollars are the proceeds from the export of crude oil. The phrase became popular in the middle of the 1970s, when rising oil prices led to significant trade and current account profits for nations that exported oil.

The U.S. dollar was and is by far the most extensively used currency, oil sales and the associated current account profits were both expressed in dollars back then as they are now.

This does not mean oil cannot be traded in other currencies, the crux of the matter is, Crude prices are set in the US dollar, so it does not matter how it is traded, it ends up being valued by the US dollar which simply makes it easier to be traded in the currency as there is a risk of over selling or underselling if another currency is used.

The acceptance of the U.S. dollar around the world is independent of oil producers' goodwill. It is based on the fact that the United States has the biggest economy in the world, is the world's largest importer of goods, and has a strong legal system and a strong military.

The 1974 agreement between the United States and Saudi Arabia to transfer Saudi petrodollars into U.S. Treasury bonds is a prime example of petrodollar recycling. This gives more trade reliability even to the use of the dollar.

The Petroyuan: A Replacement to the Petrodollar The petrodollar has competitions and its strongest competition is coming from one of America’s greatest rival, China.

Petroyuan is a version of the Yuan, the currency used by the Chinese officially, which was first designed for oil transactions. The Chinese government published the first long-term oil trading contracts in Petroyuan on March 26, 2018.

The goal of this project is to rival with the American petrodollar, which has dominated the marketplace since the dollar benchmark was introduced in 1971 and replaced the gold standard, giving the US control over the majority of the global currency supply.

The Yuan, also known as Renminbi will gain more credibility on the global market if it is used as payment in the oil transaction between China and Saudi Arabia.

The concern is that Saudi Arabia’s adoption of the Renminbi would cause a ripple effect that would likely change international trade permanently.

The US dollar's position as the main currency in the world will undoubtedly be impacted if more and more nations adopt the Chinese yuan.

With the United States being so powerful and able to slap economic sanctions on any country that does not do her bidding, many nations throughout the world start to understand that they shouldn't put all their eggs in one basket as a result.

Russia is now mandating those nations it considers to be "unfriendly" to pay for their imports of oil and gas in rubles rather than in US dollars in order to circumvent sanctions from the United States.

In this video, I'm going to discuss the US petrodollar and why it won't exist in 5 years. I'll explain how the US government got in debt and how they'll have to pay it back with our taxes.

The petrodollar is a fiat currency that is based on oil reserves. The US government originally got into debt to create this currency, and now they're going to have to pay it back with our taxes.

The petrodollar won't exist in 5 years, and we'll be using different currencies to purchase goods and services.

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

15 Things To Do If You Get Rich All of a Sudden

From Recaps Archives:

15 Things To Do If You Get Rich All of a Sudden

In this Alux.com video we'll try to answer the following questions:

What should you do if you gen rich all of a sudden?

 What do to if you inherit money?

How to manage a large sum of money?

What should you do if you get rich?

What do to if you win the loto?

How to manage wealth?

How to get wealthy?

How to maintain being rich?

 How to keep your wealth?

How not to lose money?

Why do people go broke after they went rich?

How do people lose money?

What if you inherit a fortune?

I just inherited a million dollars, what do I do?

How to you being investing money?

What you should know about money?

https://www.youtube.com/watch?v=TVJOyArnq3s&t=633s

More News, Rumors and Opinions Saturday PM 11-26-2022

KTFA:

Samson:  In the document... a deputy reveals that the Ministry of Finance confirmed the theft of (3.7) trillion dinars from the tax account

25th November, 2022

Member of the Parliamentary Integrity Committee, Representative, Engineer Ahmed Taha Al-Rubaie, revealed that the Ministry of Finance confirmed that the amounts stolen from the trusts account belonging to the Tax Authority in the Rafidain Bank amounted to (3.7) trillion dinars.

Al-Rubaie said in a statement: "The ministry indicated, in its address to our office, a detailed report on the amounts and the parties responsible for disbursing these amounts."

He added, "For oversight purposes, we have addressed the Ministry of Finance more than once to clarify the stolen amounts, the parties behind them, and the ministry's procedures for exposing the thieves of public money.

"The administrative and judicial investigation, confirming at the same time his communication with the judicial and oversight authorities to follow up the details of the issue until the money is recovered and the corrupt are held accountable.  LINK

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Samson:  Nassif reveals about a "big theft" of Iraqi politicians' money

26th November, 2022

A member of the Parliamentary Integrity Committee, Alia Nassif, revealed today, Saturday, a second type of theft, which is related to politicians' money.

Nassif said, in an exclusive interview with Mawazine News, that "most of the politicians' money was placed in the banks of Beirut, and because of the bankruptcy of Lebanon, the banks also went bankrupt, which prompted the owners of the money to establish a transfer entry from the Lebanese Bank to the Rashid or Al-Rafidian Bank."

And she added, "They are filing a lawsuit against Al-Rashid Bank or Al-Rafidain Bank to obtain that money, which led to the banks' attention to those movements," indicating that one of them was in the amount of one million 250 thousand dollars and the other two million and 250 thousand dollars, which the judiciary noticed and stopped the procedures and lawsuits, and some were arrested. Those involved and the file under investigation.”

She pointed out that “the defendants held high positions, “Minister of Foreign Affairs and head of a security apparatus,” which amounted to 6 billion dinars.  LINK

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Samson:  58% of Iraq's oil revenues over the past five years came from India's pocket

26th November, 2022

The value of Iraqi oil exports during the past five years amounted to more than 390 billion dollars, 58% of which came from India.

And the “TradeMap” website stated, in a statistic, that “the value of Iraqi mineral fuel and mineral oil exports to India during the past year amounted to 26,450,561 dollars, up from the year 2020 by 64%, in which the value of oil exports to India amounted to 16,075,561 dollars, and also high.” For the year 2019, in which the value of oil exports amounted to 22,025,731 dollars.

She added, "The value of Iraqi oil exports to India during the past five years amounted to 230,486,927 dollars," noting that "the value of Iraqi oil exports to countries around the world during the past five years amounted to 390.615 billion dollars."

Iraq ranks first among the oil exporting countries to India, followed by Saudi Arabia and Russia. LINK

Courtesy of Dinar Guru

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: The Finance Minister comes out and says there is no change in the rate as of now and says when the new budget comes out it will also not happen.  We don't know what in the world this person is talking about because yesterday they said the opposite.  We know they can't come out and just say they are going to have a rate change.  That's illegal.  So we try to read between the lines.   FRANK:   Bravo! ...What an advancement in attitude.  He knows his laws...

Samson  Article:  "Industry: Five thousand plants will start production in the coming years". Quote:  "The aforementioned factories, which were granted regular establishment licenses by the Ministry, will supply the local markets...with various goods and commodities, which will give the country an opportunity to dispense with importing all its needs of those goods, and be satisfied with their local counterparts.."

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Peter Schiff- China REFUSES To Accept US Dollar Threatening To Collapse The Entire US Economy

InvestorNote:  11-26-2022

In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world.

According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.

https://www.youtube.com/watch?v=1ZCVUjd3CsE

"This Will Blow Apart the Euro" Aladair Macleod

This Will BLOW APART The Euro | Alasdair Macleod

Liberty a nd Finance:  11-26-2022

Rising interest rates are putting stress on the system, and Credit Suisse is the first victim.

Credit Suisse is experiencing a sort of run on the bank as investors pull billions out of the institution.

This could be the beginning of a trend, says Alasdair Macleod, Head of Research at Gold Money. “You will see the banking community as a whole backing off from banks they perceive to be too risky to have as counter parties.”

Macleod explains that rising rates along with other current economic conditions could destabilize the whole of the European banking system and “blow apart” the Euro itself.

INTERVIEW TIMELINE:

0:00 Intro

1:42 Credit Suisse

25:30 Euro weakness

33:00 Government action

 45:13 Gold Money

https://www.youtube.com/watch?v=ut_jplU5_sM

Weekend News With MarkZ 11-26-2o22

Weekend News with MarkZ 11/26/2022

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

Mod:  GOOD MORNING EVERYONE! HAPPY SATURDAY!

Member: Hoping Everyone has had a Thankful but Peaceful Thanksgiving Weekend

MZ: This may be a shorter call….I feel great but for some reason my voice keeps quitting on me….

MZ: Let’s get to the news. “The system and the parallel system in Iraq” I think they got the big picture right but the small things wrong in this one…..one of the reasons I personally think we have not yet seen the revaluation is this parallel system in Iraq.

MZ: They blame the different factions in Iraqi politics….but I think they are missing that this parallel government in Iraq has caused so many issues in Iraq is the United States. Specifically the CIA with Maliki…..He is their errand boy and they have empowered him, put him in place and cased all kinds of divisions.

MZ: I believe this has kept us from seeing the revaluation of the dinar for the Iraqi people ….this is my analysis….this article talks about how they are actively removing that parallel system so they can move forward.  

MZ: “New judicial code of conduct launched in Iraq” This is part of that effort to clean up that parallel political system that has been keeping them from their revaluation…. 

MZ: I want to touch on rumors that have been spreading quickly from redemption contacts…..they are very squarely set for mid week of next week.  I know we have heard this before, but it’s very encouraging that I am hearing this from different parts of the country. They say that the logistics have been done for some time….and now they have pounded out the remaining political issues.  We shall see.  

Member: if it's supposed to happen before December there's not much time left!

MZ: This may be why we are seeing so much disinformation and recycling of old news right now. Some articles are word for word older articles that thy put a new date on it…..they want to cloud the timing of this thing as hard and as diligently as they can. Be prepared for that. Remember that this is a “when” not an “if”. We will never know the exact timing.

MZ: But redemption contacts are very squarely hearing it will happen Wednesday night into Thursday morning of next week….it could because they have desensitized us so much as to false alarms as to when it is happening. I just find it questionable that we have a specific date right now. I believe we are close though. I still can’t believe we are this far into November and don’t have it yet.

Member: Yup….classic “Boy who cried wolf”   But that boy was finally right……..

​Member: I have been noticing a lot of people using old information with previous RV glad Mark told us to double check.

MZ: There is a lot of world news that shows how close we are……soon the world has no choice but to reset…..not the bad one but the one we want.

MZ: “Gold miners ordered to sell 20% refined bullion to Ghana” So the government of Ghana is forcing this now. They are aggregating gold quickly. This is happening all over the African continent.

MZ: This is about commodity backed BRICS. BRICS has gained so much steam and so much power…which is what it was designed to do. BRICS was designed for the backup system …or safety net to force this reset to go. It was created to catch it when it imploded if they have not pulled the trigger. And that is exactly what it is doing.

Member: BRICS stops the bad reset

Member: Venezuela is part of BRICS now. That is a awesome thing.

MZ: “Brics embody model of genuine multilateral diplomacy : Sergey Lavrov” This is from the Economic Times and this is a nice deep dive on BRICS and why it is so effective. This is a system we all should have had a long time ago. This is the system we are going to. Sovereignty first then a group of sovereign countries that come together on an equal footing to make decisions that are good for all of them.

MZ: This is how it is supposed to work in the US. State rights first then the Federal government as an umbrella over them.

Member: will we have access to our money at RV redemption or will we have a wait period.

​Member: Mark has said-no waiting period

Member: Mark has said that we will receive a debit card that we can use to access funds immediately - but perhaps not at the RV location for security reasons. We can go to any ATM.

Member:  When the RV happens can we redeem at any location or does it have to be close to our homes?

MZ: Anywhere in your country….was what I was told. I suggest if you live in a small town that you go somewhere else to redeem…..go an hour, 2 hours, 3 hours away so that nobody in your home town knows…..Anonymity is your biggest safety mechanism. If nobody knows you have money….nobody knows to come after it.

Member: Absolutely stick to your NDA….loose lips sink ships.

Member: Even tho I would like to see the RV come out of the blue, I don't think anything will happen until there are arrests or deaths of certain people.

Member: Really looking forward to seeing justice for the evil ones who are trying to destroy our world.

Member: My Wells Fargo branch office recently changed out ATM for possible QFS compatibility! now all we need is the RV

Member: If this RV goes any slower it will be going backwards!  lol

Member: I don't know about you guys -- but I feel this thing is so close I haven't been able to sleep!! So excited to finally get on the other side of debt.

Member: I really hope the RV happens before Christmas for us all!!!

Member: thank you MarkZ and crew for all you do for us all!

Member: shout out to PDK. thank you for your tireless work.

(PDK:  You are welcome)

Member: Okie asked for prayers but he needs another treatment. Mark keep us informed where to donate. okie deserves to witness the RV GCR and those he's inspired

The CBD Gurus join the stream at the end…Please listen to replay for their information

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/

The next stream is Monday at 10Am est……..unless.

https://www.youtube.com/watch?v=6J1rSrj031Q

"Tidbits From TNT" Saturday Morning 11-26-2022

TNT:

Tishwash:  Mustafa Sanad: The central bank's dollar sales collapsed by half during the current month

A member of the Parliamentary Finance Committee, Mustafa Sanad, revealed the collapse of the Central Bank's dollar sales by half during the current month.

Sanad said in a tweet on Twitter: “The central bank’s sales of dollars during the year 2022, inside and outside Iraq, it is noted that sales collapsed by half during the current month, due to the exclusion of the Middle East, Al-Ansari, Al-Qabid and Asian banks.  link

Tishwash:  Iraq moves to buy air defense systems... Sovereignty is a red line!

The Parliamentary Security and Defense Committee confirmed today, Saturday, the existence of a real movement for Iraq to purchase air defense systems from different countries during the next stage.

Committee member Karim Aliwi told Earth News Agency, "The Iraqi government has a real intention to purchase air defense systems from different countries during the next stage, and a contract was signed with France during the next stage, and a batch of those systems was received, and the coming days will witness the receipt of a new batch." .

Olewi stated, "Iraq is genuinely seeking to purchase air defense systems in order to preserve Iraq's sovereignty, as this sovereignty is a red line, and it cannot be tolerated more about its violation by any party, especially since the United States of America has worked over the past years to prevent Iraq from possessing any air defense systems." So that it remains in control of the Iraqi airspace.  link

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CandyKisses:  Al-Sudani stresses the need to complete the draft budget law as quickly as possible

Today, Saturday, Prime Minister Muhammad Shia Al-Sudani chaired a meeting dedicated to discussing the draft federal budget law for the year 2023.

Al-Sudani stressed, according to an official statement, of which {Euphrates News} received a copy, "the necessity of completing the budget bill as quickly as possible, and submitting it to the House of Representatives, so that it enters into force without delay."

Al-Sudani stressed that "the law targets, in its allocations, the priorities adopted by the ministerial platform, which are combating unemployment, reducing poverty rates, combating corruption, improving services, as well as reforming the economy."

And he directed that "the draft law takes into account the importance of presenting infrastructure projects over other projects, in order to create the appropriate environment in the internal economy to achieve the adoption of the ministerial curriculum, and to provide service and make a difference that the citizen touches, in the service sector and other economic sectors."

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Tishwash:  Sudani receives an official invitation to visit Iran

Today, Saturday, Prime Minister Muhammad Shia al-Sudani received an official invitation from Iranian President Ibrahim Raisi to visit Tehran. 

A statement by Al-Sudani's office, received by (Baghdad Today), stated that "Al-Sudani received the Iranian ambassador to Iraq, Muhammad Kazem Al Sadiq, and the latter conveyed Iranian President Ibrahim Raisi's invitation to the Prime Minister regarding a visit to the Islamic Republic. The meeting also witnessed discussions of the overall bilateral relations between the two countries . "

He added, "The meeting discussed a number of common files, in the economic and investment aspect, and it was also emphasized that the meetings between Iraq and Iran will continue in the security file, in a way that preserves the sovereignty of the two countries, achieves the interests of the two friendly peoples, and consolidates the security and stability of the region."

It is noteworthy that Baghdad and Tehran are conducting ongoing talks to resolve the crisis of the Iranian bombing of the areas of presence of parties opposing Iran in the Kurdistan region.  

And a senior security source had revealed, last Wednesday, to (Baghdad Today) that a higher committee to assess the border security file with Iran had arrived at the border strip between the two countries in Diyala, and conducted a comprehensive assessment that carried 3 important messages: preventing the existence of any voids and addressing the smuggling file that constitutes A real danger from within, in addition to making fundamental changes in accordance with the new government's policy in supporting changes that contribute to correcting the course of security work, in particular .

The focus on the eastern border of Iraq comes in conjunction with the tense situation in the areas close to the border within the Kurdistan Region and the repeated Iranian strikes on Kurdish areas to pursue and target the Iranian Kurdish opposition parties present in the territory of the Kurdistan Region of Iraq .

The Iranian side threatened Iraq earlier with a "land invasion" in the event that the Iraqi government did not intervene to expel the Iranian opposition parties present in the region, which Iraq is "incapable of", according to what international reports say   link

Mot~~ Nooooooo Idea What to Say Here!! ~~~ in 3.... 2 ....

Mot: ... Aaaaaaaahhhhhhhhhhhhhhhhhhh 

News, Rumors and Opinions Saturday AM 11-26-2022

KTFA:

Samson:  Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6

26th November, 2022

Oil prices fell 2% in Friday's session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West's placing a ceiling on the price of Russian crude

Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains. US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters

Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude

There was no settlement of WTI contracts on Thursday due to the Thanksgiving holiday in the United States and trading volumes remained low "Because volume is thin after the holiday, we gave up some of the gains here to some extent," said Phil Flynn, analyst at Price Futures Group

Both contracts recorded their third consecutive weekly decline, after reaching their lowest levels in ten months last week. Brent ended the week down 4.6%, while WTI fell 4.7%

On Friday, China, the world's largest oil importer, announced a new record high daily number of "Covid-19" infections, as the country's cities continued to impose travel bans and other restrictions aimed at controlling the outbreak

On the other hand, diplomats from the Group of Seven countries and the European Union are discussing imposing a price ceiling on Russian oil between $65 and $70 a barrel, but no agreement has yet been reached. European diplomats said a meeting of EU government representatives, scheduled for Friday evening to discuss the proposal, had been cancelled   LINK

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Samson:  Iraqi companies and factories participate in the “Ninth Halal” exhibition in Istanbul

26th November, 2022

Today , Saturday, the Iraqi General Company for Exhibitions and Commercial Services stated that the Iraqi participation in the “Ninth Halal” exhibition, which started in Istanbul, Turkey, and will conclude tomorrow, aims to represent the country in international economic forums, and to introduce the industry and the national product.

The company’s general manager, Zahra Al-Kilani, said in a statement, a copy of which “Al-Naeem News” received, that “the number of participating parties is within the Iraqi wing. It reached (25) companies and factories, all from the local private sector.

She explained, “This exhibition was held on the sidelines of the Eighth World Halal Summit, which was held in cooperation with the Islamic Center for Trade Development (ICDT). and the Institute of Islamic Countries for Standardization and Metrology, affiliated to the Organization of Islamic Cooperation.

Al-Kilani indicated, “The Halal Exhibition. It is considered one of the largest exhibitions that are held in this specialty,” noting that “the aim of holding this event is to provide a suitable environment for the exchange of experiences between participants, researchers and experts. in different parts of the world with regard to the concept of halal. Which includes (halal food and drinks, cosmetics, personal care, tourism, housing, financial and banking services, and fashion).  LINK

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Goldilocks: 

BRICS countries would account for two-thirds of the world economy, if new members, namely Saudi Arabia, join." Saudi Arabia is definitely a game changer for the world economy.

Saudi Arabia is already utilizing the Chinese Yuan for their oil exchanges. Watch the QFS. © Goldilocks

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Courtesy of Dinar Guru

Pimpy  The World Bank basically laid out what it is Iraq needs to do to get their ducks in a row.  If they can do that then ...they will see an increase in the value of the Iraqi dinar..

Frank26  [Iraq boots-on-the-ground report] FIREFLY:   They say the budget will be in parliament by the end of November or the first part of December.  FRANK:  The goal is to have it in by the 9th of December.  And the banks in the United States of America know that IMO.  If we do see an announced government by the 9th then January 1st 2023 has great potential for what we've been waiting for...

Central Bank's Master plan With Gold & Silver - Lynette Zang | Silver Price

Smart Money: 11-25-2022

https://www.youtube.com/watch?v=W7TbO_uPVRY

Canada Has ZERO Gold Reserves - This Is A Big Mistake

Sean Foo:  11-26-2022

Central banks are buying gold, all except the Bank of Canada! Even with inflation sky-high and countries encountering a horrible currency crisis, Canada is still very deep into paper assets such as bonds.

This is why it is a mistake as we move towards a world where currencies are failing and a global monetary reset might be around the corner.

This is why central banks need to hold gold!

https://www.youtube.com/watch?v=DvEcXjIfFK4

"Gold-The Anti-Fiat Bubble " Diego Parrilla

Diego Parrilla: Gold - The Anti-Fiat Bubble

Palisades Gold Radio:  11-25-2022

Tom welcomes back Diego Parrilla to the show. Diego is an author, engineer and economist. He has an extensive background in commodities, having worked for several major banks.

Diego believes the Fed hiking cycle is approaching its peak as we enter next year. There are limits to how high they can go, and the rate of hiking cycles has placed a lot of pressure on markets.

The dollar has been putting pressure on other countries. There are pockets of weakness in the system, and it's difficult to know what might burst first.

 How rapidly the Fed will pivot will depend on how markets react and the credit markets. Currency markets will also be a concern and there is excess hidden leverage in the system. Hopefully, central banks will learn the risks of zero and negative interest rates. The result is gross mis-allocations within the economic system.

Everything revolves around inflation and as we enter the next phase of markets, there is a perception that we will print less. Diego believes the inevitable result will be even more money printing.

Eventually, the only way to sustain the system will be to grant central banks yield curve control. To prevent bubbles from imploding they will need to print more and that will result in further inflation. We're just delaying, transferring, transforming, and enlarging the problems.

The energy situation in Europe is very interesting because it shows the problems that have built up. There is a reliance on Russia and a lack of capital investment. Governments want energy security, but the problems can be exacerbated by hoarding.

Energy subsidies will only increase the problems of production capacity. He explains why he likes gold and feels that it is an anti-bubble investment option, even though it's been frustrating for many investors recently.

He cautions that now is not the time to be using leverage and discusses how best to position one's portfolio.

Time Stamp References:

0:00 - Introduction

0:44 - Q4 Outlook

3:50 - Lag Effects

10:06 - Fed & Wealth Effects

17:54 - Energy & Europe

24:24 - Russia's Resources

32:25 - China Outlook

37:14 - Hong Kong Peg

45:30 - Gold the Anti-Bubble

50:48 - Gold & Hike Response

54:56 - Volatility & Rebalancing

1:11:08 - Wrap Up

Talking Points From This Episode

- The Fed is reaching its rate hiking limits.

 - The speed of the Fed's pivot will depend on the credit markets.

- Central banks will eventually be forced to use yield curve control as debts are unsustainable.

- Why gold is the ultimate anti-fiat bubble.

https://www.youtube.com/watch?v=hceutgQR8L0

Iraq Just Announced it's Massive oil Deals With Russia and China

INSANE! Iraq JUST ANNOUNCED It's MASSIVE New Oil DEALS With Russia And China And SHUTS DOWN The U.S

Tech Revolution:  11-25-2022

US efforts to draw the administration of Mohammed Shia Al-Sudani closer to the US appear to be failing, as Iranian influence in Iraq appears to be winning out.

You see, the Iraqis want to keep communicating with countries like China, Russia, and Iran. And experts say Baghdad has already taken steps toward finalizing future deals with these nations.

 Recently, Al Sudani has stated his desire to strengthen Iraq's involvement in OPEC. But since production has been slashed, this is in a problematic setting. In addition, Iraq just announced its massive new oil energy deals with Russia and China, which means they're backing off from the US!

Firstly, the remarkable 'oil-for-projects' deal between Iraq and China was inked in the middle of 2019. And the Iraqi Oil Minister shows no indications of altering it. Local state-backed media outlets did indicate that several seismic surveys had been initiated, this time by the Oil Exploration Company or OEC of Iraq and the China National Offshore Oil Corporation or CNOOC.

This is part of the initial stages of extensive oil and gas exploration between Iraq and China in the waters off their coasts. Now, CNOOC has begun a joint research contract for two-dimensional seismic and geophysical surveys to investigate potential hydrocarbon gathers in the Iraqi offshores north of the Arabian Gulf.

That's completely in line with what the Iraqi government ordered back in October. And the 2019 oil-for projects deal between Iraq and China was mandated to cover 'vital and significant projects. Roads, bridges, infrastructure, energy, oil, and electricity are "important and crucial projects."

Moreover, when it comes to oil and gas exploration and production in international waters, China can do anything it wants. But Iraq is also letting Beijing increase its influence in critical onshore areas.

The middle of October saw the CPECC inking an EPC contract for a two-train oil processing plant at the cost of $386 million at Quraynat. Now, the southern portion of Iraq's largest oilfield, the Rumaila field, will be developed for production.

And each train will process around 120,000 barrels per day of oil from the Mishrif formation at the site.

The Rumaila field is an exciting new development in the neighborhood. And it is located around 30 km north of Iraq's southern border with Kuwait. The Rumaila Operating Organization or ROO is currently in charge of the territory. It is a partnership between the British Oil Company, the Basra Energy Company, and the Iraqi State Organization for the Marketing of Oil.

Additionally, the British Petroleum Corporation, the State-Owned China National Petroleum Corporation or PetroChina, and the State-Owned Mitsubishi Oil Corporation SOMO have formed a joint venture known as BECL.

Now, it was initially planned for BP to increase output to 2.1 million BPD in November 2020. It originated at a rate of 1.4 million barrels per day, almost the same as it was a decade ago. It also has proven reserves of over 17 billion barrels.

Thus, Rumaila is an excellent illustration of a sector in which modest investments might significantly boost crude oil output. However, in 2020, BP's national chief offered a response on the matter. He noted that talks on the next steps are now taking place between the oil ministry and Basra Oil Co.

Low oil prices and the ministry's suggestion that all IOCs reduce their activity sets this year are the reasons behind this. Now, BP's original goal was to increase output by 100,000 barrels annually, reaching a total of 2.3–2.4 million BPD by 2020.

And the lack of work on the Common Seawater Supply Project water-injection projection project has been the primary hurdle to attaining this output growth. Also, it's primarily due to IOC worries tied to pervasive corruption in Iraq's oil sector.

Without the CSSP, Iraq will not be able to increase its oil production to what it had hoped for. This year they want to reach 6.2 million BPD, and by the end of 2023, they want to go 9 million BPD.

However, the new goal is to increase oil output to 7 million BPD by 2025, making this a crucial factor. This may also provide insight into Iraq's longstanding financial obligations to foreign oil firms.

https://www.youtube.com/watch?v=n67scCMm1y0