UK Crisis Just Got Worse! Huge Threat to the Entire Europe Economy

TERRIFYING! UK Crisis JUST GOT WORSE! | HUGE Threat To The Entire Europe Economy

Tech Revolution:  12-5-2022

Recent studies have found that power costs in the UK are the highest in the world. In fact, electricity in the United Kingdom is among the most expensive in the world.

The effects of the rising cost of living problem were examined in a new study that looked at government data on energy and gas prices over the previous five years.

They figured out which nations have had the greatest energy price hikes annually. In fact, the maximum cost of electricity in the United Kingdom has increased from 28 pounds to 34 pounds per kilowatt-hour. And a combination of factors, including the ongoing conflict in Ukraine and the aftermath of the coronavirus pandemic, have led to a global rise in prices.

So, how did the UK get into this massive energy crisis? And what can the world do to mitigate its effects globally?

There has been a lot of talk about the public information campaign, which is supposed to happen before Christmas. It affected three different prime ministers and caused tension among the Conservative Party.

Former business secretary Jacob Rees-Mogg approved the government's £15 million advertising effort, and the button was ready to be pressed. But that was stopped by Liz Truss because she thought it would look like "nannying."

As a result, European governments have started various initiatives to reduce energy use, such as campaigns encouraging citizens to turn down their thermostats and turn out the lights in public spaces. RBC analyst John Musk remarked that it is "quite late in the day" for the UK government to grasp that reducing energy use is the most cost-effective solution to the energy issue.

And Michael Gove, the government's housing secretary, has promised that the initiative would not be "nannying or patronizing." Specifically, it would direct consumers to "authoritative sources of information" on efficient energy management.

Retail providers, the energy regulator Ofgem, and non-profits like the Energy Saving Trust are only some of the possible origins of such information. Previous state energy drives have included celebrities like TV chef Delia Smith to spread the word.

 It is not known if a marketing firm will be responsible for creating the ad campaign. Nonetheless, Tussell data reveals that the business department awarded a contract for up to £30 million in May. It was for the "supply of media buying services" to a branch of the advertising conglomerate Omnicom, including traditional and nontraditional media forms.

 In the spring, the department filed a bid to Mindshare for a separate, four-year contract for up to £1.5m to handle ad hoc "campaign media activity" planning. Eight alterations have been uncovered by officials who can save up to £420 annually without sacrificing convenience.

Now, according to reports, the energy crisis in the UK is "greater than the pandemic." The United Kingdom must quickly resolve its skyrocketing energy costs or face a humanitarian disaster. However, the government might lose more than £100 billion on frozen gas and electricity rates over the next two winters. And it's more than the government spent on wages for millions of workers throughout the pandemic.

 The British government attempted to mitigate the impact of predicted energy price hikes on consumers by 90% earlier this year through tax reductions, rebates on existing bills, and direct payments. However, since then, both natural gas and electricity costs have skyrocketed, and further hikes are expected.

And so, the Institute of Government estimated that an additional £23 billion in government spending would be required. And by saving this money, families could avoid paying an estimated 90% of the total increase in their energy costs from April 2023 through March 2024. Costing another £90 billion, offsetting the same percentage for the year ending in April 2024.

Moreover, one of the largest energy suppliers in the United Kingdom, Scottish Power, has made a proposal with costs that are consistent with this prediction. And Financial Times has demanded that the UK government protect tens of millions of households by placing a two-year bill freeze in place. Furthermore, a new report claims that the world is experiencing its "first truly global energy crisis."

https://www.youtube.com/watch?v=3B3y8RPmUzk

News, Rumors and Opinions Monday 12-5-2022

KTFA:

Toyvp:  Fitch Ratings upgrades VietinBank's credit rating

December, 03/2022 - 08:32

The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.

HÀ NỘI — Fitch Ratings has upgraded Việt Nam Joint Stock Commercial Bank for Industry and Trade's (Vietinbank) Long-Term Issuer Default Rating (IDR) to 'BB' from 'BB-' on an upgrade of its Government Support Rating (GSR) to 'bb' from 'bb-'.

The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.

Accordingly, the credit rating upgrade of VietinBank is considered based on the following factors.

It is a large commercial bank with a key market share in providing banking and financial services in Việt Nam.

Fitch Ratings said that the Vietnamese government was active and ready to support the banking system, especially large state-owned commercial banks like VietinBank.

Therefore, Fitch has upgraded the Government's support rating for VietinBank (Government Support Rating - GSR) to the same level as the National rating.

Along with that, Fitch has adjusted the outlook on VietinBank's operating environment from stable to positive.

VietinBank's income prospects and profitability have both improved in recent years, with high risk provision buffers, and operating efficiency is expected to continue to grow sustainably.

As a result, Fitch has adjusted VietinBank's outlook on earnings and profitability from stable to positive.

The fact that Fitch Ratings upgraded VietinBank's credit rating contributes to affirming the effective and sustainable operation as well as the prestige and position of VietinBank in the Vietnamese financial and banking market. — VNS

https://vietnamnews.vn/economy/1400882/fitch-ratings-upgrades-vietinbank-s-credit-rating.html

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Courtesy of Dinar Guru    https://www.dinarguru.com/

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
The TV is talking all the gold they now have.  They're tying it in with the Monetary Reform.  FRANK:  Yes, they have told you in the past that you have a tremendous amount of gold to back up your reserves for your currency but you also have so much untapped reserve potential in the ground...Iraq is extremely rich...you will become a Mecca in the east.

Nader From The Mid East  The decision this morning has been made to change the exchange rate.  They actually said to the old one...we don' know if it's the 1160...then they said it's gonna go down slowly...the decision is made...maybe a couple weeks maximum you're gonna see some changes.  So get ready for it. 

Militia Man  Article:  "A deputy reveals the developments of the budget and calls for it to be sent before this day" Quote: "revealed the latest developments in approving the general budget, calling on the government to send it to the House of Representatives before the sixth day of this month...If the government succeeds in sending the general budget to the House of Representatives, the latter will continue to hold sessions until it is approved without going to the legislative recess." There are no coincidences to the on goings. The are pointing to a key date. 12/06/2022.

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TNT:

Harambe:  Indonesia central bank says digital rupiah currency can be used in metaverse | Reuters (12/5/22)

 Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.

BI launched the design for its digital rupiah last week, following many central banks around the world that are developing so-called central bank digital currencies (CBDCs).

Perry, speaking at an event on the digital rupiah, added the currency will use a technology platform that will be compatible with other central banks' digital currencies.

"...therefore in terms of infrastructure, it can be integrated, interconnected, and interoperable [with other CBDCs]," he said.

Perry said there will be an agreement among central banks on the exchange rate used for digital currencies and on its operational supervision, which includes cyber risk and capital flow.

Southeast Asia's biggest economy currently bans the use of cryptocurrencies as a means of payment, but allows transactions of the digital assets in the commodity futures market for investment purposes.

BI will roll out the digital rupiah in stages, starting from wholesale CBDC to development of the digital rupiah's business model for monetary operations and money market, and eventually a retail CBDC for everyday use.

https://www.reuters.com/markets/currencies/indonesia-cbank-says-digital-rupiah-currency-can-be-used-metaverse-2022-12-05/

MARKETS A LOOK AHEAD: Expect MORE Propaganda And Higher Stock Prices. Here's Why.

Greg Mannarino:  12-5-2022

https://www.youtube.com/watch?v=9Cm9gZWt5rA

The Currency Reset Will Wipe Out Creditors and Usher in CBDCs.

Maneco64:  12-5-2022

oday I had the pleasure of speaking with Clive Thompson. Mr. Thompson is a retired Managing Director at Union Bancaire Privée, UBP SA at UBP - Union Bancaire Privée in Switzerland.

We covered topics ranging from the Fed's balance sheet, gold and silver, and the inevitable currency reset that will usher in CBDCs.

Clive Thompson's article- Could the Federal Reserve go bust, or will it be re-capitalized?: https://www.linkedin.com/pulse/could-federal-reserve-go-bust-re-capitalised-clive-thompson/?trackingId

Video Chapters:

00:00 Introduction

 01:35 The Fed's balance sheet and huge operational losses

15:00 Principles of wealth management

17:31 CBDCs and the coming currency reset

https://www.youtube.com/watch?v=L9aye4wQ8Ok

"Coffee With MarkZ" Monday Morning Chat "BIG NEWS" 12-5-2022

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

MarkZ  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: Another Monday morning….another week of RV possibilities.

Member: Bet bondholders are still broke

Member: but with a smile on their face as they know what is coming.

MZ: there really was great news coming out of Iraq over the weekend. Really solid , fun stuff.

Member: Nader had some news this morning

Member: Nadar said the exchange rate has been made but it will be slow

Member: Nader just said exchange rate has been given the green light and will go back to 'old' rate, whatever that was.

Member: if it’s an Re-instatement- the old rate was $3.22 or so.

Mod:  NADER'S RECENT POST ==> IQGd The decision has been made the exchange rate it’s gonna go down to the old Right (rate?)    https://m.youtube.com/watch?v=tFyefxGOF5Y&feature=youtu.be

MZ: I think its economic brilliance coming out of Iraq. A measured approach so they can soak yet more dinar off the streets before their bigger revaluation. I am very excited about it. They are going to allow the market to set the rate each day….

MZ: We need to pay close attention to this. This is the news we needed.  We are off “stuck” and now moving.

MZ:  You saw Nader. He said Iraq is changing the rate. Improving the dinar and reducing the dollar. Please go watch the video from him….support his channel. He gives us what the people are seeing and not what gurus are telling us.

MZ: From Iraq…..we have a rate. We do not have a fixed rate…we literally have a floating rate now. And based on the market at the end of each day now. This is enormous news. You should be like jumping out of your boots over this one.

MZ: This is a analysis from a number of contacts….What it looks like they are going to do is give us 1160 …this is about a 20% increase in the value of your dinar. Then at the end of each market day they will readjust according to the spread in the market…..They tell us this in articles.

MZ: “Government official: Dollar exchange rate will fall and its impact in a week”  I am being told it is looking to start the float   around 1160+ ….and the rate will be looked at each day. This is massive progress coming out of Iraq.

MZ: This makes sense as to whats best for the Iraqi people. This is a slow grind to the top and I am told it will not affect our contract rate as it is based on the “Oil for Dinar” contracts. So even if the rate takes awhile to get to where we want it….it has now started. They have now announced that it has started. There is no more “Waiting for this to go” We can log in daily starting this week and see the new rates. Most likely starting sometime tomorrow. Expect the float to go fast. I am very excited about the news out of Iraq.

​ Member: I hear our federal bank reps will be in Iraq Wed. and Thursday this week

MZ: I wonder what for?  Lol

Member: What does that mean for us and starting appointments?

MZ: We do not know yet. They could do it quickly or watch it for a few weeks. I do not yet have an update from redemption centers today. They did not work over the weekend.

MZ: The rate was 1460…..it is now 1168 or so….that means we have gained 20% or so in value right out of the gate.

Member: $1.00 = 1160 when it’s 1 to 1 it’s $1160.00 for 1160 Dinar or 1160 Dinar will equal $1160.00 us

Member: Simplification == Iraq dinar is increasing in Value And, the US dollar is decreasing in Value!

Member: I am holding off until the rate is at least 1 to 1…..hope it doesn’t take very long.

Member: Great news Mark!! Where do you suggest we check the market rates daily (for free), besides you.

MZ: Go to Forex or the easiest place is the CBI. This will be a interesting week to watch play out.

MZ: Iraq wants the dinar to be internationally recognized. So anyone that says we can only exchange in Iraq is BS.  This will be internationally recognized and visible on forex. In any country you should be able to exchange it. When it is time they want you in the banks…..you are not going to miss it.

MZ: Make sure to be signed up at Recaps or Chronicles and all the dinar news aggregating sites…..They will all be singing this news from the mountaintops. You will have no problems knowing what to do and where to go.

Member: will the notifications from Dinar Recaps come as a separate e-mail or enclosed in the Recaps newsletter??

Member: Maybe both????

Member: So its possible we could go to the banks this week?

MZ: it could be. We will have to wait and see. If the float rate kicks in Tues or Wed…we could see that rate start to run…..very quickly.

Member: So VND should also go at the same time?

MZ: Yes is should.

Member: throughout history money has been revalued over and over again it happens about twice every century sometimes more. anyone who thinks that there's never been a revaluation has been living under a rock

Member: Still hoping we have the QFS to exchange into along with the USN’s…..maybe this is the week we see that as well.

Member: What about bond folks?

MZ: I have some contacts in Europe and Hong Kong waiting on liquidity sometime today. TableTop deals are still occurring in the US. I am waiting for confirmations in the rest of the world.

Member: Does anyone know if we will get the rates before we RV or at the time?

Member: If they publish the rate before the RV, then everyone will snatch up the dinar very fast. I don't think they want that to happen.

Member: IMO Iraq is going alone with this float. and no you will not know RV CONTRACT  rates till you go to the bank.

Member: We are so very close. Im praying at least Iraq hits $1.60 NEER (Nominal Effective Exchange Rate)  before Christmas.

Member: It may float a bit then  probably RI at $3.22 and immediately RV after that. But that is in Iraq. The "Oil for Dinar" program rate will be higher at redemption centers.

Member: Iraq's seated government budget report out on 9th. rate posted before that is the rumor

Member: The good news is clearly it's going to happen very soon.

​Member:  DOW -250  Come on –lets see a crash!

Member: Its now Dow down over -350

Member:  Mark and as always a huge thanks for all you bring to this community.

Member: Wow…..this is a exciting start to our week…….So excited things have started finally. Looking forward to tonight and more news……

The EE systems folks join the stream at the end. Please listen to the replay for their information.

​https://www.eesystem.com/

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

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

The next stream is tonight at 7 pm est….unless.

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

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.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:       https://www.youtube.com/watch?v=nmZkszuT6Ng

"Tidbits From TNT" Monday Morning 12-5-2022

TNT:

CandyKisses:  Parliamentary: Discussions and Dialogues to Review the Dollar Exchange Rate

Special - Mawazine News

KDP MP Najwa Hamid confirmed the House's move towards reconsidering the dollar exchange rate.

Hamid told Mawazine News that "there are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically to reconsider the dollar exchange rate, and we believe that an appropriate price will be maintained."

"The rapid rise has led to a clear economic deterioration, due to the lack of study of the negatives and pros about it, so there is a real need to return the dollar exchange rate," she added. 

Tishwash:  Parliament addresses the government again to resolve the budget and send it before the end of the legislative term

The representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, confirmed, on Monday, that the House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to speed up the resolution of the draft budget law and send it to Parliament before the end of the current legislative term, indicating that Parliament will not accept any legal violation regarding The decision of the Federal Court on the region's oil. 

Al-Baldawi said, in a statement to Al-Maalouma, that "there are some obstacles facing the government in completing the next year's budget, but they will be overcome through the formation of multiple committees for this purpose."  

He added, "The House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to quickly resolve the draft budget law and send it to Parliament before the end of the current legislative term," noting that " 

It is noteworthy that the first legislative term of the House of Representatives will end next Thursday.

link

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Tishwash:  Government official: The exchange rate of the dollar will decrease and its impact will be after a week

A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.

The official told Shafaq News Agency, "The exchange rate of the dollar will decline in the coming days in the local markets, and its impact will be at the beginning of next week," noting that "the exchange companies will apply for their share of the dollar today, Monday, by depositing cash amounts in the safes of each company, and this will be done." Hand it over to the Central Bank, provided that this share of the dollar is delivered during the next week.

The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".

Yesterday, Sunday, the Central Bank of Iraq decided to increase the share of banks, exchange and financial mediation companies from the dollar, in order to reduce the price of the dollar in the local markets, after its rise yesterday, Sunday, to more than 150 thousand dinars, compared to 100 dollars.

And the bank stopped 14 banks from entering the auction after the US sanctions that it imposed on these banks as a result of smuggling the currency.

It is noteworthy that the Central Bank sells dollars 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 indicated the existence of corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions to that over the years. these years.  ink

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Tishwash:  Great international demand for buying gold, and Iraq maintains its global rank

The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."

He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.

He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".

The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."

Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."

On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."

He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.

He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".

The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."

Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."

On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.  link

Mot: .... Ya Gots to Love Dads' ~~~~~

Mot:  Simply Amazing How the Munchkins Can Apply Themselves As Needed!

DJ, Pimpy, Nader and more.....Monday AM 2-6-2022

DJ:  DID YOU KNOW?

In trying to understand why things are the way they are, in particular, the GCR/RV, I’ve always had the mentality of ,”look to the motivation behind the action”. When governments put in, what appears to be, crazy policy’s or just plan stupid actions, what is the motivation behind it?

The same goes with just about any action that is taken by any foreign government, agency, institution, or person for that matter. Keeping in mind there is always “cause and effect” behind any action. Or for every action there is a reaction. But what I’ve not done is looked at the individual and questioned the individual’s motivations.

What is the real motivation behind a GCR/RV , from a personal perspective? The obvious comes to mind, a bunch of money can do a lot. There’s the world view of ending poverty, ending starvation, dismembering the evil bad guys who have corrupted the world and stabilizing the global financial systems, but then there is the personal view.

We all say “O’yeah, i’m going to end global poverty and help stop all this madness”. “ I’m going to fund and do these massive projects to fix humanity”. But what is the reality?

Other than the immediate fix of upgrading one’s personal life and those of their loved ones, what is the reality of the long term benefits? Pretty much anyone who has been in this for any period of time has more years behind them, than years in front of them.

If the sums spoken of all come to pass you won’t be able to spend 1/100th of the money in your lifetime. I don’t know of any involvement by the younger generation. And it is that generation that will experience the benefits and effects, the GCR/RV will generate. It is that generation the baton will be passed to. Will they have the wisdom to build on the foundation we have made for them?

With age comes wisdom, (theoretically), and it is the nature of youth to pursue what catches their eyes not what catches their heart. With age we understand that success is not how high you have climbed, but how you have made a positive difference in the world. That when we are no longer able to change a situation, we are challenged to change ourselves. Thus , by extension, change the world.

With age comes the wisdom to understand that it is far more important to have what you need before you pursue what you want. It is a good thing to have lofty goals but we must teach our children to be grateful for what they have while they pursue their goals. If you aren’t grateful for what you already have, what makes you think you will be happy with more?  DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=212644

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Courtesy of Dinar Guru

Pimpy   What happened between Kuwait and Iraq?  August 2, 1990 Iraq invaded Kuwait.  They occupied the country around October of 1990.  Saddam Hussein told the people in Kuwait they had until October 3rd to exchange their Kuwaiti dinars for the Iraqi dinars.  After that the Kuwait dinars wouldn't have any value...Both currencies immediately were devalued.  Kuwait's dinar was devalued to protect it from being stolen and sold on the black market.  Iraqi dinars were devalued because of the invasion.  [Post 1 of 2....stay tuned]

Pimpy  The Iraqi dinar at the time was worth $3.22...Kuwait dinar...$3.45...internationally the currencies were not usable.  Central banks refused to acknowledge the currency and therefore it had no value.  The U.S. liberated Kuwait February 28, 1991 and shortly after Kuwait redenominated their currency.  So it's not so much the currency was revalued as much as it was re-denominated, which is different...I'm anticipating [Iraq] is going to do the same thing Kuwait did...you'll be able to exchange your old dinars for the new dinars and they'll just reinstate the rate.  [Post 2 of 2]

The decision has been made the exchange rate it’s gonna go down to the old 

Nader of the Mid East:  12-5-2022

https://www.youtube.com/watch?app=desktop&v=tFyefxGOF5Y&feature=youtu.be

Peter Schiff- "The US Economic Crisis Is About To Get Worse By 2023" | Economic & Gold Market

Investor Note:  12-5-2022

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=BQ5KsZ9PefE

News, Rumors and Opinions Sunday Afternoon 12-4-2022

KTFA:

Clare:  Parliamentary Finance suggests that the Iraqi Council of Ministers vote on the "2023 budget" in its next session

2022-12-04 

The Finance Committee in the Iraqi Parliament suggested, on Sunday, that the Iraqi Council of Ministers will vote on the federal budget law for the year 2023 in its next session.

A member of the Finance Committee, Nermin Maarouf, told Shafaq News agency; "The general budget law for the year 2023 is supposed to reach Parliament in October, but the delay in forming the government caused a delay in its approval by the Council of Ministers and sending it to Parliament."

And she added; "The Ministry of Finance will complete the preparation of the draft general budget law, and during the coming days, the Finance will send the budget law to the Council of Ministers for approval." 

Maarouf continued; "The Council of Ministers may vote in the Tuesday session of this week on the draft budget law."   LINK

Godson:  IMO.... Vote.. Pass... Gazette/ president signature... Law is activated... IMO.

Henig:  Minister of Oil: The “OPEC +” alliance decides to keep the oil production policy unchanged

Baghdad / NINA / - Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed the "OPEC Plus" alliance's adherence to the previously established production agreement and the rate of reduction until the end of next year 2023, taking into account emergency changes and developments.

After his participation in the ministerial meeting of the "OPEC Plus" alliance, Abdul-Ghani said: The meeting emphasized taking more necessary measures regarding developments in the oil market, if required, in order to maintain the required balance and achieve more stability in light of the circumstances and challenges facing global markets.

The minister referred to "the agreement on all the issues that were discussed, including those related to the Ministerial Committee to monitor production and the call for urgent and necessary meetings, and the importance of full compliance with the agreement and the compensation mechanism." LINK

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Clare:  With the jump of the dollar.. the Sudanese directs to provide foreign currency locally

12/04/2022

 Prime Minister Muhammad Shia Al-Sudani met, this morning, Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.

A statement by the media office of the Prime Minister said that Al-Sudani "listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors."

Al-Sudani directed "to conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq."

The Prime Minister affirmed "the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens' livelihood and their level of financial empowerment."

It is noteworthy that the local markets are witnessing a rise in the exchange rates of the dollar against the dinar, as it exceeded for the first time - since the central bank raised - the exchange rate to 1500 dinars per dollar.  LINK

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Courtesy of Dinar Guru

Frank26 [ Iraq boots-on-the-ground report] FIREFLY: All the main banks in Iraq are saying they are keeping up with modern technology and...lined up with International standards and acceptance proceedings.  FRANK: Holy cow!

Mnt Goat  Welcome to the month of December! This is a very critical month for us investors in the IQD for if we are going to see any action by the CBI to reinstate the dinar anytime in January 2023. We must begin to hear news from them over the change out of the paper currency in circulation to the lower denominations to accommodate the new rate which they call the “project to delete the zeros”, which we all hope will be finally out of the program rate and to a much higher once on FOREX. Yes, a rate reflecting the true VALUE of the IQD, a rate we are all looking for.

Putin’s About To Flip The World Order - Russian Reset Will Shock The West!

Sean Foo:  12-4-2022

The price cap on Russian oil is coming and Putin is going to flip the sanction on its head. The G7 has agreed on a $60 price cap and a coalition is formed, however, there's a good chance this will backfire and split the world into two camps, BRICS versus the west.

Here's what you must know about Russia's plan to build a new order and system independent of the West.

https://www.youtube.com/watch?v=VvaPYZzc4wc

RED ALERT! PROOF US Mint is Naked Shorting COMEX Silver! Loss of $111.7M on Hedge Book!!

Bix Weir:  12-3-2022

Well now we KNOW what CFTC Commissioner meant when he said in early 2021 "We had to Tamp Down the price of silver!" The US Mint is playing with MASSIVE amounts of Naked Silver Shorts on the COMEX and lost $111.7M in doing so!

It's all in the Mint's 2021 Annual Report. This is a disgusting display of the criminal US Government rigging operations that have been going on for decades.

We will see how long this lasts but the LIGHT OF DAY is shining down on these criminals...AND THEY HATE THAT!

https://www.youtube.com/watch?v=Tva-JEL53nQ

Peter Schiff, Rafi Farber and more....Sunday 12-4-2022

BRICS Top Banks Just SOLD OFF Entire US Assets To Collapse US Economy | Peter Schiff

Expert Investing :  12-1-2022

Emerging giants in their fields The group of countries known as BRICS, which consists of Russia, Brazil, India, China, and South Africa, is becoming an increasingly influential economic bloc.

Reforming the global financial system is one of their top priorities. In April, Russia became the first nation to ratify an agreement to establish a “reserve pool” for the foreign currency worth one hundred million dollars.

This arrangement, known as the Contingent Reserves Arrangement, is essentially a reserve of foreign currency that any of the BRICS countries can access if they have an urgent requirement.

Vladimir Putin, the current President of Russia, recently gave a speech at the BRICS Business Forum, where he mentioned that the member states of the multilateral organization were Creating a global reserve currency.

It is generally believed that this global reserve currency, which will include the national currencies of the countries that make up BRICS, will serve as an alternative to the Special Drawing Right issued by the International Monetary Fund (SDR).

Putin’s announcement, which came at a time when Russia is facing unprecedented global sanctions in the wake of the invasion of Ukraine, has highlighted the importance of recognizing the heterogeneous motives of the BRICS nations to not only facilitate intra-BRICS trade in local currencies but also to firewall their global financial interests.

This is because Russia is currently facing unprecedented global sanctions as a result of the invasion of Ukraine.

The BRICS nations have shown increased cooperation and intend to alter the current financial system dominated by the dollar. In the context of BRICS, Russia and China are taking the initiative to de-dollarize their economies to protect the interests at stake due to their geopolitical competition with the United States and considering the possibility that they will be subject to future sanctions.

India, Brazil, and South Africa have all expressed their support for BRICS’s statements regarding modifying the current international monetary system and expanding opportunities to encourage the use of national currencies in international trade.

The members of BRICS have taken action to de-dollarize their economies and increase their autonomy within the global financial Ukraine

The primary objective of the BRICS nations in creating a currency that functions similarly to the SDR is to challenge the dominance of the US dollar while simultaneously constructing their sphere of influence and a monetary unit that can be used within it.

To diversify their economies and lower the risk of exogenous shocks and currency shocks caused by the US dollar, all of the BRICS nations have identified de-dollarization as a shared interest and priority.

De-dollarization can take many forms. However, although the member states of BRICS collectively and individual intend to protect their global financial interests by creating a reserve currency, over-reliance on the United States dollar presents challenges that may prevent such an idea from becoming a near-term reality.

https://www.youtube.com/watch?v=xjxFcLM-LVk

Rafi Farber: The Fed is $1.125 Trillion in the Red And Silver Makes a U Turn

Arcadia Economics:  12-3-2022

The Federal Reserve has "earnings"? Yes it does, and the issuer of the US Dollar itself is in the red, year to date, to the tune of $1.125 trillion.

Here's what that means for silver, and gold too.

As for other dying megabanks, there's Credit Suisse, stuffed with over $17 trillion of derivatives and currently suffering the worst bank run in its history. Financial crisis, anyone?

Sounds super, assuming you have your metals stacked and ready. To find out more, click to watch the video now!

https://www.youtube.com/watch?v=1NU-gFMD05g

A big change in the international situation! 20 countries signed an energy cooperation with Russia!

Deepin Moments:  12-4-2022

https://www.youtube.com/watch?v=CP2t4eYVEyM

"Tidbits From TNT" Sunday Morning 12-4-2022

TNT:

Tishwash:  The Central Bank hosts the meetings of the International Monetary Fund mission in Baghdad

The Central Bank of Iraq announced, on Sunday, that meetings of the International Monetary Fund mission will be held in the Iraqi capital, Baghdad, on Wednesday and Thursday.

The Director of the Information Office of the Central Bank of Iraq, Omar Assem, said, "The meeting will take place on Wednesday and Thursday of this week, in the presence of the Governor of the Central Bank, Mustafa Ghaleb Makhaif, the Minister of Finance, Taif Sami, and the IMF mission team, with the invitation of representatives of the ministries of planning, electricity, labor, water resources, and the environment at the meeting," indicating The meeting, on its first day, will focus on major policy challenges.

Asim added, "On the sidelines of the visit, the mission will hold its meeting on the second day with the Iraqi Company for Financing Small and Medium Enterprises, Vitas Company, and a staff from the Banking Control Department at the Central Bank of Iraq."

He stressed, "The mission's meeting with the Central Bank of Iraq aims to develop work in the banking sector in Iraq, especially as it has gained international confidence and enhanced financial inclusion, as well as strengthening global monetary cooperation and ensuring financial stability."  link

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RVAlready:  Thanks Tish!!!!!! An IMF meeting for several days in Iraq this week! Light up a huge sign on the CBI building saying, RV COMING!!!

Sandybay89:  The Iraqi government is complete. A major hurdle accomplished. Let’s see what this week brings. TNT Tony #wearethepeople

RVAlready:  I am encouraged that there is now a seated government. It means the CBI could push the button any time with no warning.

CaliforniaSugar:  A member of the Finance Committee, Nermin Maarouf, stated that "The Council of Ministers may vote in the Tuesday session of this week on the draft budget law." Come on RV!!

AI:  Tweet from Iraq….. Prime Minister @mohamedshia , announced the recovery of 182.7 billion Iraqi dinars as the first part of the embezzled 1.681270 trillion Iraqi dinars that will be recovered within two weeks

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Tishwash:  Al-Sudani meets with the Governor of the Central Bank and confirms the continuation of the financial and economic reform program for the financial and banking system

The Prime Minister, Muhammad Shia'a Al-Sudani, met with the Governor of the Central Bank.

Al-Sudani affirmed the continuation of the financial and economic reform program for the financial and banking system 

Today, Sunday, Prime Minister Muhammad Shia Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.

The media office of the Prime Minister stated that "Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, following up the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors." According to the statement received (Baghdad Today).

He added, "Al-Sudani listened briefly to the progress of the regulatory work and the policies of the Central Bank in the financial and monetary sectors." He directed: "To conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq."

The Prime Minister affirmed, according to the statement, "the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens' livelihood and their level of financial empowerment." link

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Tishwash:  Bypassing Mexico and Saudi Arabia... Iraq is the second largest oil exporter to America within a week

The US Energy Information Administration announced, on Sunday, that Iraq ranked second among oil exporters to America, overtaking Mexico and Saudi Arabia during the past week.

"The average US imports of crude oil during the past week from nine countries amounted to 5.417 million barrels per day, down by 182,000 barrels per day from the previous week, which amounted to 5.417 million barrels per day," the administration said in a report seen by Shafaq News agency.

She added, "Iraq's oil exports to America amounted to an average of 363,000 barrels per day last week, bypassing both Mexico and Saudi Arabia, and thus Iraq ranks second in its oil exports to America after Canada."

She also indicated that "most of America's oil revenues during the past week came from Canada at a rate of 3.354 million barrels per day, and Saudi Arabia came after Iraq at a rate of 338 thousand barrels per day, and oil revenues from Mexico amounted to an average of 300 thousand barrels per day, and then Colombia at a rate of 290 thousand barrels per day.”

According to the administration, "the amount of US imports of crude oil from Ecuador amounted to an average of 242,000 barrels per day, from Brazil at an average of 212,000 barrels per day, from Libya at an average of 85,000 barrels per day, and from Nigeria at an average of 50,000 barrels per day, while it did not import any quantity from Russia.   link

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Tishwash:  Al-Sudani announces Iraq's participation in the Arab-Chinese Summit in Saudi Arabia

Today, Sunday, Prime Minister Muhammad Shia al-Sudani announced Iraq's participation in the Arab-Chinese summit in Saudi Arabia. 

Al-Sudani's media office said in a statement received by (Baghdad Today) that "Prime Minister Muhammad Shia'a Al-Sudani received the Ambassador of the People's Republic of China to Iraq Cui Wei, and during the meeting they discussed the consolidation and development of bilateral relations between the two countries, in the economic and cultural fields, as well as in my fields." energy and investment. 

And Al-Sudani indicated, according to the statement, that "Iraq has adopted the principle of balance in foreign relations, in a way that enhances its stability and achieves the interests of its people and the security of the region," noting "the government's desire to expand the horizons of bilateral cooperation with China in various sectors."

Al-Sudani confirmed during the meeting, "Iraq's participation in the Arab-Chinese summit to be held in the Saudi capital, Riyadh."

For his part, "the Chinese ambassador conveyed the greetings of the Chinese leadership to the Prime Minister, and its keenness to maintain relations of cooperation and partnership with Iraq    link

Mot:  .. When Ya Super Clean da Windows ... Dang! ~~

Mot:  ... soooooo Just What are Bestest Friends fer Anyways! ~~~

New Reserve Currencies, Crumbling Empires, BRICS and more: Parts 1 and 2

London Paul: Part 1 - War, New Reserve Currencies & Crumbling Empires

Palisades Gold Radio:  Dec 1, 2022

In this two-part presentation, Tom welcomes back Paul from The Sirius Report to begin a discussion on the rapidly evolving multipolar world.

 In part two, we dive further into the BRICS Currency System and why gold and silver can protect you from all possible outcomes of an uncertain future.

Paul is concerned with the unintended consequences of the war in Ukraine and the economic sanctions. They misunderstand how the Russian economy works and their alternative systems to SWIFT.

Since 2014, Russia has been constructing new domestic markets to diversify themselves away from the West.

He explains the idea of the 'Global South' which includes 87 percent of the world's population that exists outside Europe and North America. The rest of the world took notice when Russian assets we're seized, and most countries are concerned they could be next.

Dedollarization is working because other nations are finding ways to use their own currencies to circumvent the dollar system. They are starting to avoid the expensive dollar by dealing directly with each other.

Europe and particularly Germany has been reliant on cheap energy from Russia. These nations could have signed long-term contracts last year for energy, but now the prices are much higher.

The United States has been pressing the narrative that Russia is not trustworthy, even though they have been an extremely reliable trade partner. Countries can't simply change energy suppliers overnight, and "It's almost like a comedy of errors with potential catastrophic consequences."

The West can't change course on Russia due to the amount of political capital that has been invested. Cooperation is happening between the global south and trade is already growing.

The West doesn't understand how China and Russia's economies actually function. Soon, the global south will not need the west. Western politics is a constant conflict and a total waste of time. It's just an illusion of choice, and practically nothing gets achieved.

Time Stamp References:

0:00 - Introduction

1:24 - Sanctions & Consequences

6:50 - The Global South

17:48 - Japan & Treasuries

19:07 - European Energy & Germany

28:18 - Blame Russia & Politics

 32:47 - SWIFT Flight & Trade

35:34 - Economic Planning

42:29 - Ukraine in Collapse

50:17 - Russian Fixation

52:58 - Complexities

54:52 - Red Lines & Escalation

Talking Point From Part One - The lack of understanding and consequences of Western nations regarding Russia and China. - Why the era of cheap energy for Europe is now over. - The lack of West to have long-term economic plans and the consequences. - Europe's fixation on Russia and why politically they can't change course.

https://www.youtube.com/watch?v=POvh86u1JyQ

London Paul: Part 2 - Gold & Silver Protects Against All Possible Outcomes

Palisades Gold Radio:  Dec 2-2022-

Paul discusses what a BRICS Currency system will look like and why it's likely to be backed by commodities and likely gold.

The ideas behind BRICS are continuing to evolve as more nations join across the world. Soon we could have upwards of thirty countries involved, and they will have to figure out how to weight the system.

This is a reality and no longer some sort of fictional idea. It's now maturing into a proper system with good organization. They are also being cautious and considering the risks of moving too fast.

The West is going to have to radically re-assess every part of the economy, governance and adapt to a much better system.

The U.S. believes it can bring it's industrial base back, but they can't afford the salaries. Then they will be unable to compete and can only serve the market internally.

They will need commodities from the rest of the world. The U.S. is dependent on the rest of the world for energy, and diesel in particular. There are many concerns about the sustainability of shale gas.

 Paper markets for metals are massively manipulated. Markets are driven by algos and high-frequency trading. Markets today often react completely opposite to news.

There is a fundamental different mindset between western and eastern metals markets. You hold gold because it's a bet against everything. Your other choice is to wait for the collapse, but then you won't be able to get it.

The East continues to drain the West of metals, but eventually supply will no longer be available. That will mark the end of the paper markets and the beginning of true price discovery.

Time Stamp References:

0:00 – Introduction

 0:46 - BRICS+ Currency System

18:58 - The Naked Emperor

26:50 - West Needs Cooperation

32:35 - Silver is Interesting

38:15 - Equally Great Nations?

41:16 - Metals & Manipulations

44:45 - Metals as Insurance

50:55 - True Price Discovery

1:01:40 - Distortions & Bubbles

1:11:30 - Credit Bubbles & Gold

1:14:13 - Wrap Up

Talking Point From Part Two - How a BRICS+ Currency System is likely to evolve. - Why the West needs cooperation among nations. - Metals manipulation and the importance of having physical metals. - The distortions in Western markets and system credit market problems.

https://www.youtube.com/watch?v=i0xSxM_21F4

More News, Rumors and Opinions Saturday Afternoon 12-3-2022

TNT:

Skinman:  Does anyone know the tentative schedule for voting on the budget or announcing the completion of the government?

Speedy:  Vote on the budget Tuesday.

KMan:  So now the Iraq government is fully seated. Now all we need is a budget completed, hopefully this month, and then away we go, as Jackies Gleason used to say...lol

Yada:  KMAN it will be this month. It will be this week coming because their parliament session ends. Waiting till the last minute. But, as tony stated yesterday, now that the government is formed, the CBI can release the rate now.

Skinman:  Is it voted on Tuesday or are they just reading it through because I know that has to happen a few times before they can vote

Yada:  My understanding is they will read it and open for discussion but they've negotiated enough to make it spread without putting holes in the bread.

Skinman:  Wow, so they announce the seated government may be the same time they announce the budget or voted in? Then there would be nothing in the way of this happening I think?

Yada:  Agreed skinman. I know it hadn't been discussed much but I the EFSL is still law and could release the rate but we are at the end and all the info pieces are fitting together, we they are keeping the view close to their chest.

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Courtesy of Dinar Guru

Frank26   Notice how they constantly talk about the exchange rate.  I don't care if they deny it or once again repeat it.  None of this is important...The most important thing is that they are talking about it and doing it.  That is a pattern not to be ignored.  Like I told you 2 weeks ago the CBI would be talking a lot from now on and they are aren't they...

Walkingstick  [via Frank26]   [Walkingstick's Iraqi Bank partner/friend update]   Iraqi BANK FRIEND:  When they announce the government of Iraq is finally seated the new budget will be introduced to parliament...The budget is a number of laws within a law.  It is at that time that they will expose the laws.  These laws will be read upon the receiving the budget to parliament.  The reading of the budget laws by line item...will reveal the exchange rate. 

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KTFA:

Clare:  The Iraqi Parliament completes the cabinet of the Sudanese government by granting confidence to two ministers

2022-12-03

 The Iraqi Parliament voted, today, Saturday, to grant confidence to the Minister of Construction, Housing, Municipalities and Public Works, Bankin Abdullah Rikani, and to the Minister of Environment, Nizar Muhammad Saeed Amidi.

Shafaq News agency reporter said that the parliament held its session headed by Muhammad al-Halbousi, Speaker of Parliament, after the completion of the legal quorum, in the presence of 208 members.

A statement issued by the Media Department of the House of Representatives stated that an absolute majority voted to grant confidence to the two ministers, and thus the ministerial cabinet of the current federal government headed by Prime Minister Mohamed Shia Al-Sudani has been completed.

It is noteworthy that the House of Representatives had voted, at the end of last October, on the cabinet of the Sudanese, with the exception of the ministries of Environment, Construction and Housing, due to the differences that took place over the two positions by the two Kurdish parties (the Kurdistan Democratic Party and the Patriotic Union of Kurdistan).

The political agreements that preceded the formation of the government determined the share of the Kurdish component in four ministries, in addition to the position of the President of the Republic and the second deputy speaker of Parliament.   LINK

KandG:  IMO - They said they would do it today... And they actually did!!!  You go Sudani!!!
Next... the 2023 budget.

JaimeO:  Yepper - having lived in the Middle East long before this forum existed - this a brand new Iraq regardless of the naysayers still spouting negativity.   Thanks goes out to the UN, IMF, UST and others who gave them a push.  Regardless of their motive - the citizens of Iraq and us as investors, will receive the blessings.  IMO

Ewtohan:  Am I reading this that we now have a fully seated/announced Government in Iraq?? Does this mean the proverbial Ball is now in the court if they CBI ?  

Zeeman:  yes they were given a big push to get this far….. this is now my question since they have a seated gov the cbi can change the value if they want to. So will they do it?  imo

Clare:   The House of Representatives adjourns its session to next Monday

03/12/2022

The Presidency of Parliament adjourned, on Saturday, the 15th session to next Monday.

Today's session witnessed the vote on Bankin Rikani as Minister of Construction, Housing, Municipalities and Public Works, and Nizar Muhammad Saeed Namidi as Minister of Environment.

The session also witnessed the completion of the first reading of several draft laws, including the draft law on freedom of expression, assembly and peaceful demonstration   LINK

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Henig:  Al-Sudani and Allawi stress the importance of supporting the government's actions in combating corruption

12-2-2022

Baghdad / NINA / - The Prime Minister, Muhammad Shia'a Al-Sudani, visited the former Prime Minister and leader of the National Coalition, Iyad Allawi.

The meeting witnessed, according to a statement by Al-Sudani's office, a discussion of the general situation in the country, and an emphasis on the importance of the government proceeding with the implementation of service projects directly related to the lives of citizens, and attributing the measures it has taken in the field of combating corruption.    LINK

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Henig:  The Iraqi Business Council and the International Monetary Mission discuss economic developments and issue a number of recommendations

Baghdad / NINA / - The Iraqi Business Council in Amman discussed with the International Monetary Fund mission to Iraq, the most prominent local economic developments and expectations in Iraq, ways to develop the private sector and support the business environment.

During the meeting held at its headquarters in Amman, the Council presented many recommendations and proposals, centered on the need to address the issue of random employment, which is a burden on the Iraqi state budget, and to review the phenomenon of multiple salaries for employees.

According to a statement by the Council today, it was recommended that the Iraqi Financial Supervision Bureau supervise the work of all ministries, bodies and companies associated with them, and find long-term plans for the development of economic sectors and various infrastructures in Iraq, including the electricity sector.

The Council recommended the need to stabilize the exchange rate of the local Iraqi currency fluctuating between the central bank rate and the free market rate for exchange offices outside the central bank, opening qualified training centers for training and developing human resources, creating clear legislation for the energy sector, especially renewable energy, and setting up a correct mechanism for calculating tariffs and collection method.

The Council recommended activating the partnership between the private and public sectors and benefiting from the sustainable development programs for Iraq that were supported by international organizations, as those funds that were allocated to build a sustainable economy and implement the Iraqi private sector development strategy (2014 and 2030) were not employed within the time specified in the strategy to reach for true partnership between the two sectors.

It is noteworthy that the Iraqi Business Council in Amman was established in 2006, and it is a forum for businessmen to exchange views, ideas and business information, provide job opportunities through trade and social missions, and introduce existing investment opportunities in Jordan and Iraq.  LINK

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Henig:  The United Nations High Representative for the Alliance of Civilizations arrives in Baghdad

12-3-2022

Baghdad / NINA / - The United Nations High Representative for the Alliance of Civilizations, Miguel Angel Moratinos, arrived in Baghdad to participate in the Forum of Ancient Civilizations.

"The representative of the Secretary-General of the United Nations, the United Nations High Representative for the Alliance of Civilizations, Miguel Angel Moratinos, and his accompanying delegation arrived in Baghdad, to participate in the Forum of Ancient Civilizations, in its sixth edition," said Ahmed Al-Sahhaf, spokesman for the Forum, in a statement.

Tomorrow, Sunday, the works of the sixth edition of the "Forum of Ancient Civilizations" will begin in the capital, Baghdad, under the auspices of the Ministry of Foreign Affairs and in the presence of Arab and foreign representatives of international, UN and diplomatic missions.

The forum will be held with the participation of Iraq - as president and host, Greece, China, Egypt, Iran, Mexico, Italy, Bolivia, Peru and Armenia.   LINK

Opec+ Just Announced Deeper Oil Cuts That Are Set to Destroy the Entire Global Market!

HUGE BOMBSHELL! OPEC+ JUST ANNOUNCED Deeper Oil Cuts That Are Set To DESTROY The Entire Global Market

Tech Revolution : 12-3-2022

Extra steps will almost certainly be taken by a coalition of the world's most influential oil producers.

According to Goldman Sachs, their goal is to restore equilibrium to the market and prevent a further decrease in prices. On December 4, OPEC and non-OPEC producers will for an important energy alliance meeting known as OPEC+.

And they'll be in charge of determining the course of action for production in the future. China from further Covid-19 restrictions, and as traders weigh the potential effects of a Western embargo on Russian oil. Recently, Goldman Sachs' global head of commodities, Jeff Currie, said that the firm had lowered its oil price predictions due to several variables.

And ahead of its meeting, OPEC+ announced deeper oil hikes that are set to destroy the US and the entire global market!

So that we're all on the same page, the Organization of the Petroleum Exporting Countries is a cartel comprised of many of the world's major oil-producing countries.

 In 2016, OPEC came together with several other major oil-exporting nations that were not members of OPEC to form a more formidable organization that they dubbed OPEC+. And the primary objective of the cartel is to maintain a stable price for crude oil, which is a valuable fossil fuel.

OPEC and its allies control approximately 90 percent of its discovered oil reserves. And because it holds such a dominant market share, the alliance is in a position to significantly impact the price of oil, at least in the near term.

The ability of OPEC+ to influence oil prices over the long term is hampered by the fact that individual countries have different priorities than the organization as a whole.

At their upcoming meeting this weekend, OPEC and its allies are likely to discuss the possibility of further reducing production. And this will be in response to the falling oil price on the global market.

Traders were taken aback when Saudi Arabia and its partners announced a cutback in production of two million barrels per day the previous month. And President Joe Biden voiced his strong disapproval of this action. Even so, prices have already fallen.

 It momentarily reached a low of approximately US$80 per barrel in London as the situation in China continued to deteriorate. Up until this week, the organization's representatives had issued a gloomy forecast. They even projected that they would wait to analyze the impact of the reductions.

However, now they are suggesting that even further reductions might be possible.

Before the summit on December 4, there had been no formal conversations held among the alliance's members. On the other hand, the fact that OPEC+ has chosen to hold its meeting virtually on December 4 indicates a low likelihood of a shift in policy.

Before the meeting, Riyadh transmitted an unusually clear pre-meeting signal to the market. Last week, the Energy Minister of Saudi Arabia, Prince Abdulaziz bin Salman, announced that OPEC and its allies were "ready to act." And if they believed it necessary to intervene and reduce supplies even further to "balance supply and demand," they would do so.

Amrita Sen is the principal oil analyst at the consultancy Energy Aspects Ltd and also helped found the company. He believes that OPEC will decide between a rollover and additional production cuts. He further said that they "are constantly careful about supply-demand balances."

 Bloomberg polled 16 market participants and experts this week and expected a reduction in supply. And as for predictions, they can be anything from a quarter of a million to two million barrels each day.

FGE Consulting also estimates that the potential reduction might be rather large. It would appear that OPEC and its allies are concerned only with potential threats to the market's decline.

Of course, there are other factors that work against this. Recent hints of the group's preparedness to act have bolstered futures, and Brent has risen as high as 3.4% to US$86 per barrel. Now, the alliance is under constant pressure from consuming countries to keep the taps open to halting inflation.

In particular, deeper reductions might worsen the tension between the Biden administration and Saudi Arabia.

https://www.youtube.com/watch?v=fMiLZuSu378