Frank26 and KTFA Members "Good Morning ISE" 9-25-19

KTFA:

Iobey777:  WOW!!! Once again..from last night's video...Iraq could not be accepted into the WTO unless they have raised the value of their currency!!! IMO...Congrats, IRAQ!!!

Dr.. Ammar Mahmoud Hamid al-Rubaie *: Establishing the rules of the social market economy in Iraq and its role in the successful accession to the World Trade Organization http://iraqieconomists.net/en/September

Don961:  FOREIGN TRADE AND IRAQ'S POSITION IN THE MAIN INTERNATIONAL ECONOMY

22/09/20190

Iraq's accession to the multilateral international trading system appears to be of great importance, as it allows it to benefit from a clear and transparent trading system and the mechanism for resolving trade disputes on a collective basis away from unilateral trade reprisals, especially with large international actors. 

Joining the Organization is a state certificate of discipline and the adoption of international standards, which gives Iraq a commercial and economic image of recognition and acceptance, especially as Iraq is living in a state of confusion in laws, instructions and investment and commercial decisions, and this makes it line up within the unified legislative system, which creates an attractive party to deal Based on the trust given by the organization as it takes its agreements and principles towards the possibility of attracting foreign investment and technology as well as the possibility of export and marketing, which is called market access.
To continue reading click on the following link

Ammar al-Rubaie - Social Market Economy - Editor

link

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Frank26:  GOOD MORNING ISE 9-25-19

https://www.youtube.com/watch?v=7Az6lcAh1wQ

Samson:  "Oil for reconstruction" new Iraqi-Chinese agreement
25th September, 2019

The Iraqi delegation's visit to China resulted in the signing of eight agreements and memorandums of understanding between the Iraqi and Chinese governments in Beijing on Monday

The most prominent of these agreements was the "Arithmetic Credit" agreement, which guarantees oil for reconstruction, and was signed on the sidelines of the World Industrialization Conference in the city of "Hefei" Chinese

Under the agreement, 100,000 barrels per day will be deducted to China, in return for Chinese companies implementing strategic projects such as roads, railways, hospitals, schools, housing complexes, ports, energy, dams, infrastructure and others

Iraq is counting through the "oil for reconstruction" agreement to rebuild its cities in a record period, and accelerate the wheel of development, reconstruction and construction

China attaches great importance to its relations with Iraq, considering it a "strategic and essential partner in the Middle East   LINK

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 Don061: Digital Media Center: Trump speech causes heavy losses to tech companies

25-09-2019 09:41 PM

BAGHDAD (
Reuters) - The largest technology company in the United States has lost billions of dollars in market value because of US President Donald Trump's speech to the United Nations, the Digital Media Center said Wednesday

Trump's speech cost Facebook, Amazon, Apple, Netflix, and FT, the owner of Google, a total loss of $ 58 billion, with Netflix losing 4.3%, Facebook losing 3%, Amazon 2.5% and Google. 1.3%, and Apple 0.5% according to Business Insider

The Center noted that Trump in his speech attacked the companies that owned social media platforms and said that they had tremendous authority over what we can see and about what we can say, and that a free society will not allow the giants of social networking sites to silence the views of people    link

Samson:  Trump: We are seeking an exceptional business deal with Britain

24th September, 2019

US President Donald Trump said he is working with the British Prime Minister to hold a new trade deal between the United States and the United Kingdom after Albraikst

US President Donald Trump said in his speech to the UN General Assembly on Tuesday: "With Britain's preparations to leave the European Union, I made clear that we are ready to complete a new and exceptional trade agreement with the United Kingdom

The US president described the potential trade deal with Britain as "fantastic," adding that it would bring enormous benefits to both countries

Trump's comments come with serious doubts about the possibility of Britain's exit from the European Union by the end of next month after parliament succeeded in blocking Brexit without a final deal

Britain's Supreme Court declared today that Boris Johnson's decision to suspend parliament was illegal, noting it was unusual and occurred in exceptional circumstances   LINK

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Samson: Lagarde rules out global recession despite risks

25th September, 2019

The head of the International Monetary Fund believes that the global economy is likely to avoid a full recession, even though trade tensions remain at the top of the threats to growth prospects

Christine Lagarde told Bloomberg on Tuesday that economic growth rates were moderate and were in danger as a result of one major threat: a trade war that was increasing, brewing and causing uncertainty for investors

The IMF has lowered global economic growth forecasts several times recently, most recently in July, where the global economy is now expected to grow at 3.2 percent this year

Lagarde also talked about her next position as ECB president and said she was hesitant to take over the ECB because she had not played this role in the monetary policy industry before, but agreed after talking to former bank presidents who supported her position

Lagarde is expected to take over the presidency of the European Central Bank later this year, after the term of incumbent President Mario Draghi ends

As for Lagarde's vision of Brexit, he said he was perplexed by what would happen in Britain   LINK

KTFA Members "News and Views" Wednesday Afternoon 9-25-19

KTFA:

Golden6:  I saw a comment on the video tonight that I don't understand. The comment was Do Not  confuse the exchange rate with the 3 zero on the notes. Could someone help me understand why do (I) need to know the difference?

Rommy:  IMO its very simple.  Don't confuse what happens inside Iraq with what happens outside of Iraq.  As international investors, what you need to know is when Iraq officially RIs and has a new international rate, you will be able to exchange your dinar for that rate.  Example, if the rate is 1 to 1, then you will be able to exchange a 25K dinar for 25K dollars (USA), minus spread and fees.  It is really that simple.

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Frank26: TIMING IS EVERYTHING     https://youtu.be/73sKliV1LvU?t=6 

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Iggy:  imo...i believe the iraqi people will get roughly 3 times their money/buying power when RD/RV occurs in country only...they will rush to the banks for this...000's off the streets within days or however long it takes...pause...RI for international use/you...i may be way off base here or on target...IDK.

Realtormc:  I'm seeing it the same as you.  When the program rate changes, the prices of everything inside of Iraq will change and citizens can either pay for things with their cards or the NCSN (1,5,10,20,50,100).  The 250, 500, and, 1000 look like they're going to be transitional notes for the NCSN's just like we had the $1000 note in USA.

Here's why we stopped using $1,000 bills
Janet Nguyen, 
Marketplace.org
Aug 13, 2017, 2:00 PM

In the early 1900s, a bottle of Coke cost a nickel, a Ford Model T could fetch $290 and some apartment rents dipped as low as $4 a month.

So it might sound intuitive that now we’d have larger bills to make the purchasing process more convenient, more efficient.

That’s why listener Rabin’ Monroe wrote in with the question, “Why aren't we using $1,000 bills anymore? Seems more appropriate to use them now than back in the early 20th century.”

The highest value of denomination currently in production is the $100 bill, but in decades past, the Federal Reserve has issued $1,000, $5,000, $10,000 and even $100,000 bills. 

The $1,000 bill’s history

The Continental Congress, a body of delegates representing the 13 colonies, began issuing paper money, which included the $1,000 bill, to help finance the Revolutionary War, said Matthew Wittmann, an assistant curator at the American Numismatic Society, an organization that studies coins and currency. 

But back then, it was only worth a fraction of that value, he added. The first known use of the $1,000 bill was in the United States' beginnings.

“So this $1,000 note seems incredible, but what it reflects is actually how little paper dollars were valued,” Wittmann said. “It might only have been worth $20 in ‘real’ hard money at the time.”

The U.S. government didn’t officially print $1,000 bills until the start of the Civil War, said Dennis Forgue, a numismatist who works at coin-dealing company Harlan J. Berk Ltd.

Lee Ohanian, an economics professor at the University of California, Los Angeles, said the bill was used to rapidly purchase supplies like ammunitions during the war. 

In the decades after, the $1,000 bill and other large-denomination currencies were mostly used in real estate deals or interbank transfers, Ohanian said.

“They facilitated really, really large financial transactions that primarily were being carried out between banks or other financial intermediaries,” Ohanian said. “So it made life a little bit easier.”

Illegal activity

The U.S. stopped printing the $1,000 bill and larger denominations by 1946, but these bills continued circulating until the Federal Reserve decided to recall them in 1969, Forgue said.

Forgue said President Richard Nixon thought these denominations would make it easier for criminals to launder money, which then led to his order for their elimination.

Plus, turns out churning out $1,000 bills just wasn’t very cost efficient. To produce them, you’d have to go through the trouble of engraving new plates for very small production runs, Wittmann said. Running off a lot of $1 notes is more cost efficient than producing comparatively few $1,000 notes, he added.

Future transactions

Is there a chance we could bring the note back? It's only likely if there are big problems within the economy, Wittmann said. The circulation of large denominations of currency is almost always due to inflation or depreciation, he said.

Or take a step back to Germany in the early  '20s, known then as the Weimar Republic, when hyperinflation hit the country. That's when 4.2 trillion marks were equivalent to a dollar. Take a look at Zimbabwe, which has issued million-, billion- and trillion-dollar notes. One $100 trillion note from the southern African country is worth 40 U.S. cents.

Experts also say they think modern technology renders large bills unnecessary. Credit cards, checks, any form of electronic transfer — these all pretty much fulfill large transactional needs more efficiently than a tangible note could, they say.

“If you didn’t have your credit card, you didn’t have your debit card, or there’s a massive meltdown of the world in telecommunication systems and computers … then you can imagine high-denomination bills would be very useful,” Ohanian said. “Assuming the other person wants to accept it.”

Yes, concerns about counterfeiting could be an issue. Even the use of current large denominations — $50 and $100 bills — can raise questions about their authenticity at the cash register.

If you’re lucky enough to come across a $1,000 bill, you could technically take it to the bank for $1,000 in credit, but the bank would then send it to the Federal Reserve, which would prevent it from recirculating, Wittmann said.

And plus, many $1,000 bills are worth far more than the noted amount, Wittmann added.

Read the original article on Marketplace.org. Copyright 2017.

https://www.businessinsider.com/heres-why-we-stopped-using-1000-bills-2017-8

Samson:  Trump in favor of our relations with Iraq long and good

9/24/2019 23:26 

President Barham Salih and his US counterpart Donald Trump discussed bilateral relations between Iraq and the United States.

"Iraq has achieved great victories over terrorism and we are in the process of reconstruction," Saleh said during a meeting on the sidelines of the UN General Assembly on Tuesday.

"Iraq is responsible for protecting its territory and sovereignty," the president added.

For his part, Trump told the president that "the elimination of ISIS is a great achievement." "Our relations with Iraq are long and good," he said.   LINK

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Samson:  Abdul Mahdi to visit Saudi Arabia tomorrow (today) to meet King Salman and Crown Prince

2019/24/09 20:36 

Prime Minister Adel Abdul Mahdi is to visit Saudi Arabia on Wednesday for several hours during which he will meet with King Salman bin Abdul Aziz and Crown Prince Mohammed bin Salman.

A statement issued by his office received by the Euphrates News Agency that the visit "to discuss relations between the two brotherly countries, regional situations and truce efforts, and Iraq's consistent position to play its positive role in ensuring the danger of tensions and conflicts and to establish the best relations with all neighboring countries and brotherly and friendly."  LINK

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Samson: Iraq and Armenia will soon sign a memorandum of understanding and security cooperation

2019/25/09 15:21

Defense Minister Najah al-Shammari on Wednesday discussed with Armenian Ambassador in Baghdad Harmatia Buladian the development of military relations between Iraq and Armenia through a memorandum of understanding and security cooperation to be signed soon between the two countries.

The Armenian ambassador said, according to a defense statement, that "his country has the potential to provide support in the field of training in military medicine and to receive students to study in Armenia."

The Armenian Ambassador extended an official invitation to the Minister of Defense to visit the Republic of Armenia.   LINK

KTFA Monday CC and Tuesday News 9-24-19

KTFA:

Clare:  DEFINITELY LOVE HOW YOU PORTRAYED WHAT'S GOING ON WITH THE LD'S, CBI READY TO GO...LAUNCH TIME!!! IYO

Salamon69:   Good teaching tonight Frank....  Firefly 77 is providing golden information...

Now it makes sense why they are asking citizens to bring in the 250, 500, and 1000 dinar note to give them crispy new ones  and why they will coexist with the new notes...

Move the decimal place over 3 zeros and you have 25 cents, 50 cents, and 1 dollar...   BRILLIANT

All to transition as they roll out the lower notes and fills in the coming months.  And they have their Visa cards just like we have here in USA that they will use....

Everything now is clockwork

Walkingstick,  pray for your healing and much peace.  You are a blessing.

Delta's excitement !

God is GOOD and we are seeing the ROSE bloom in front of our eyes!

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Monday Night KTFA CC 9-23-19

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/p6tCbwLc76

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Samson:  US, China to resume trade talks next week
24th September, 2019

US Treasury Secretary Stephen Mnuchin said trade talks between the United States and China would resume next week in Washington, adding that the Trump administration had asked Chinese officials to cancel a visit to US agricultural areas

Speaking to reporters next to President Donald Trump at the UN General Assembly in New York, Mnuchin said the cancellation of the trip to the farms "was at our request

Both Mnuchin and Trump said China had pledged to buy large quantities of US agricultural goods

LINK

Samson:   Iraq's most important agreement with China revealed

9/24/2019 9:22

A source close to the government, on Tuesday, revealed the most important agreement concluded by Iraq with China during the recent visit of Prime Minister Adel Abdul Mahdi at the head of a large delegation to the Chinese Republic, which lasted five days.

The source told Al-Sharq al-Awsat newspaper that the framework agreement for spending through the financial trust fund is among the most important agreements concluded with the Chinese side.

He added that "China, according to the recent agreements will be one of the largest importers of Iraqi oil, and today imports up to 800 thousand barrels of oil per day from Iraq and I expect to rise to one million next year."    LINK

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Samson:  Iraqi delegation concludes visit to China

2019/23/09 22:12

Prime Minister Adel Abdul Mahdi and his accompanying delegation concluded his official visit to the People's Republic of China back to Baghdad, according to a statement of the Information Office of the Prime Minister.   LINK

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Samson:  Oil prices fall on concerns of falling demand

9/24/2019 10:59

Oil prices fell on Tuesday as weak manufacturing data in Europe and Japan focused market attention on a bleak outlook for demand and kept it out of the uncertainty surrounding supply disruptions in Saudi Arabia.

By 06:24 GMT, Brent crude futures were down 40 cents at $ 64.37 a barrel, while US West Texas Intermediate crude futures were at $ 58.31, down 33 cents. "The demand side of the equation is back into focus," said Michael McCarthy, chief market analyst at CMC Markets in Sydney, citing faltering manufacturing figures in major economies in Europe as well as Japan. "That's why we're seeing a little bit more [downward] pressure on Brent than West Texas right now," he said. However, oil prices remain at relatively high levels since the start of the year following a September 14 attack on Saudi Arabia's largest oil processing plant, which halved production by the world's largest exporter.

Saudi Arabia has recovered more than 75 percent of its crude production losses after attacks on two of its facilities and will return to full quantities by early next week, Reuters reported. But the Wall Street Journal reported on Monday that reforms at the two facilities could take longer than expected in months. Mike Tran, a commodities expert at RBC Capital Markets, said in a note that increased US oil exports to Asia to replace Saudi crude and lower US imports from Iraq meant US oil inventories could fall short of expectations.   LINK

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Samson:  Former Treasury manager of Babylon arrested for embezzlement of state funds
24th September, 2019

A local source in the province of Babylon, on Monday, the arrest of the former treasurer of Babylon province on charges of embezzling state funds during a visit to Iraq.

The source said in an interview with Alsumaria's News, he said that "security force arrested the director of the treasury of Babylon, former Hamza Jawad Kazem al - Dulaimi, who issued an arrest warrant against him on charges of embezzling state funds during his visit to Iraq", without giving further details.

It is said that the Iraqi judiciary issued an earlier arrest warrant against the treasury director of the province of Babylon , the former Hamza al - Dulaimi.   LINK

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Samson:  The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

24th September, 2019

For the sake of the Central Bank of Iraq to clarify the instructions and regulations for the
declaration of funds entering and leaving across the Iraqi border.

 The Central Bank of Iraq / the Council for Combating Money Laundering and Financing of
Terrorism, would like to announce the first amendment to the rules for the declaration of
funds when they are entered or taken out across the Iraqi borders, published in the Iraqi
Fact Sheet No. 4551 dated 19/8/2019, before they enter into force on February 2020, to
spare citizens and travelers legal accountability for the irregularities stipulated in those
controls during the transfer of funds across the border .

 Central Bank of Iraq   information Office  2019/9/24

 »  For the first amendment to the regulations permit funds No. ( 1 ) for the year (2019)
... Click here
 
Translation...In accordance with the provisions of paragraph (IV) for the period (7) and the provisions
of Matn (1) b (2) of the Anti Money Laundering and Terrorist Financing No. (3) for the
year 2012, we issued the following controls:

Regulations on the declaration of funds upon entry and exit across the Iraqi border No. (1) for the year ۲۰۱۷. Mali shall be added to the continent (5) of the controls, and item (c) shall have: That the funds
being transferred are illicit funds;

(E) Amount allowed to be dissolved or removed from and into the territory of the Republic of Iraq, including  or the amount below (۱۰۰۰۰) (ten thousand US dollars or its equivalent in other currencies.

Color declared by amounts more than (۱۰۰۰۰) (ten thousand US dollars) to twenty
thousand US dollars) subject to the declaration, with the need to show what the
purpose of the introduction or absent these amounts, and in the absence of supporting
documents, the traveler will make a commitment to bring those documents after (8)
days from the date of the declaration

Member body At | "(C) It is forbidden to enter or remove an amount exceeding (۲۰۰۰۰)
(twenty thousand US dollars or its equivalent in other currencies, and the process of
entering or taking such amounts through financial institutions.

3. These controls shall be implemented after (1) months from the date of their publication in the Official Gazette. Ali Mohsen Ismail Chairman of the Anti-Money Laundering and Terrorist Financing Council
Governor of the Central Bank of Iraq Agency

https://cbi.iq/news/view/1292

OlLar:  I like the change in Language, it seems before these restrictions gave an amount in USD and an amount in other currencies including the IQD, now it's, USD and an EQUIVALENT amount in other currencies, that leaves the door wide open for any rate change. IMO

Samson:  Six thousand imaginary projects since 2003 cost Iraq about 200 trillion dinars
24th September, 2019

An official source revealed that since 2003, there are 6,000 imaginary projects in Iraq, indicating that 30% of them are sponsored by the United States.

The source said that "the number of fake projects in Iraq since 2003 (after the US-British entry), and up to this year, more than 6,000 projects," noting that "the amounts incurred by Iraq because of this amount to about 200 trillion Iraqi dinars (about 178 Billion dollars) over the past 16 years."

He added that "30% of the fake projects were sponsored by the Americans, and there are officers and various American rings involved with them," adding that "70% of these projects were in the time of successive governments after the departure of Americans."

 He added that "among these projects, residential and tourist compounds and other services laid the foundation stone for them, but ended up unknown and did not see the light, although the amounts were spent from the public budget."

On whether the current government has the ability to open this file, the source said, "It will be a very dangerous file, because many political leaders are involved in it."

He stressed that "the government to hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have a reality on the ground."

 For his part, MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," pointing out that "up to the moment did not establish one of them, and included in the fake projects, and the ministry has not held accountable negligent And corrupt in this project, which is now in the cabinet."

He continued that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."  

 Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."

Since 2004, Iraq's national income is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period.  So far, however, the country suffers from poor health, education and services such as water and electricity. breeze. LINK

Frank26 and KTFA Members "Welcome to the Fourth Week"

KTFA:

Doodlebug:   Nice, thank you Samson. Congratulations, Trade Bank! Congratulations, Iraq!

"This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Samson:  JP Morgan gives the Iraqi trade bank the award of excellence in direct transfers
23rd September, 2019

The Iraqi trade bank has won the award for "Excellence in payments and automatic transfers" from the bank of JP Morgan Chase. The new prize will join a series of achievements of the bank During the year as one of the best banks in Iraq.

Faisal God, President of the Iraqi trade bank and chairman of the board of directors, received the excellence award during a recent ceremony held in Beirut by Ali Musa, head of banking at for central, Eastern and Eastern Europe.

 Middle and Africa. The STP award measures the quality of automatic payments and transfers that are done without any hand intervention, is an indicator of the speed of transactions, and helps to reduce the risk of errors, operating cost and actions..

 The STP prize also measures how fast and accurate Transfers between different international banks, time and risks.

The Award of the STP award depends on the number of electronic transactions performed by the bank, the ratio of international direct electronic transfer, and the measure of whether the actions are in line with the strict criteria of "JP Morgan chase".

The Iraqi trade bank (Bank) was successful by the 2018 JP Morgan assessment to be among limited banks around the world that won the excellence prize in direct transfers by 99.00 % MTI 103.

The Iraqi trade bank is the culmination of its tireless efforts in investment and infrastructure development and in organizing its national network to provide the latest banking systems and services to customers. In addition to the success of the bank by expanding its branches and Atms, improving its banking capacity by extending working hours and providing facilities for night deposits.

On the occasion of the award, Faisal God, chairman of the Iraqi trade bank and chairman of the board of directors, said: "We are very proud to receive this outstanding award. If it shows anything, it shows our constant commitment to focus on customer satisfaction and achieve Highest Global financial standards".

 "This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Ali Musa, head of banking transactions at for central and Eastern Europe, middle east and Africa, commented on the award: "The Iraqi trade bank wins this award in recognition of its consistent and consistent performance. On business implementation and delivery of services, managing money transfers by global standards, the focus on raising performance and transparency has contributed to the growth of the bank at the local and regional levels".

The Iraqi trade bank is constantly serving as one of the pillars of the Iraqi National Economy and is constantly enhancing the Iraqi government's share of its shares by expanding its business locally and internationally. Promoting and securing foreign investment has always been one of the bank's main objectives to promote investment within Iraq and provide its services as a reliable option for investors. In addition to improving the Iraqi economy and contributing to reconstruction.

"This award confirms the clear success achieved through the implementation of our strategy, which aims to set new standards in the Iraqi banking sector through innovation and outstanding performance. I take the opportunity to thank all the employees of the bank for their dedication and dedication that led us to this success and this award".

It is worth mentioning that the bank has received a number of awards this year including " Best Achievements 2019 " from the achievements forum in Milan, the international finance award, the " best local bank in Iraq 2018 " and " the best investment bank in Iraq in 2018 " during the distribution ceremony of the global finance magazine for banks in the middle east and North Africa", in addition to winning the " Best Commercial Bank in Iraq for 2019 " during the global Finance Magazine Awards ceremony in the British Capital London. He deserved the title " Best Banking Bank for individuals " and " best banking banking " From International Finance Magazine.

The Bank continues to play a central and influential role in the recovery and growth of the Iraqi economy through its strategic plan established until 2021, and the Iraqi trade bank continues to achieve more partnerships in the region and the world with all banking and commercial sectors towards prosperity Inside the Iraqi.   LINK

Iobey888:  Congratulations Iraqi Trade bank!!!! IMO..this is powerful and wonderful news for the citizens!!

BearCinnebar:  Good afternoon KTFA family….We noticed an interesting comment last evening from the You Tube live chat about:  QFS Quantum Financial System: 

We as country bumpkins have to ask is this really something that is now in place, or is it a work in progress ...Well here is some interesting coverage from a google search: IMO

https://en.wikipedia.org/wiki/Quantum_finance

http://www.blissfulvisions.com/articles/quantum-financial-system.html

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Don961:  Theft of Iraqi funds: 6 thousand imaginary projects at a cost of $ 178 billion

Previous demonstration in Basra demanding the fight against corruption (Haider Hamdan / AFP)

Baghdad - Salam Jaf and Mohammed Ali

23 September 2019

Corruption continues to  plague Iraq, despite  government measures aimed at besieging it. A recent parliamentary statistics revealed that there are more than 6 thousand imaginary projects since 2003 cost Iraq $ 178 billion.

An Iraqi official in the office of Prime Minister Adel Abdul-Mahdi said that 30 per cent of the projects were sponsored by the Americans.

The government official, who spoke on condition of anonymity because he was not authorized to speak to the media, said that the remaining 70 percent of the mock projects took place during the time of successive Iraqi governments after the departure of the Americans. The second, including residential, tourist and service complexes, which he himself laid the foundation stone for, but ended up unknown and did not see the light, although the amounts were spent from the public budget.

As to whether the current government has the ability to open this file, the official said: "It will be a very serious file, because many political leaders are involved in it, not only include Maliki, but most of the current political leaders in the country."

"The number of fake projects in Iraq since 2003 (after the US-British invasion), up to this year, has exceeded 6,000 projects," said Jassem al-Bukhati, a member of the Iraqi Parliament's Services Committee. It is about 200 trillion Iraqi dinars, or about $ 178 billion, over the past 16 years. 

The MP called, in a parliamentary session, the day before yesterday, to "open the file of those illusory projects that caused a large waste of funds of the state budget," stressing that "the government must hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have Fact on the ground. " 

Iraq has been plagued by corruption for years and ranks 12th among the world's most corrupt countries, according to Transparency International's latest report.
Riyad al-Tamimi, a member of parliament's economy and investment committee, told Al-Arabi Al-Jadeed that "Resolution 347, which was adopted years ago, allowed companies to annul a contract with the consent of both parties or settle, complete or invest the project they are working on." He pointed out that "this decision is bad and wasted more than 4,000 projects as infrastructure since 2008 and until 2014 and caused the waste of public money."

He pointed out that "the corrupt exploited this decision for their own interests and for the agendas of corruption, and this is proven and personalized and at the level of the Commission of Inquiry on this subject." Al-Tamimi accused "all governors of legal irregularities in the implementation of projects."

MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," and revealed to the "new Arab", that "until the moment did not establish one school of them, and included in the mock projects, and the ministry did not Accountable to the negligent and corrupt in this project, which is now in the cabinet. "
He pointed out that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."

Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."

He blames state oversight bodies for failure to deal with corruption and illusory projects. A member of the Parliamentary Integrity Committee, Kazem al-Sayadi, told the "New Arab" that "the regulatory agencies in the country were very bad in monitoring public money and follow-up," and felt that "the number announced for the fake projects may be less than the real number, there is a blackout on the issue of corruption in The state, not to show the theft of the people's money, and the political blocs are involved in corruption. "

As for the most prominent sectors in the phantom projects, the housing sector came first, then agriculture, health and education, as well as infrastructure such as roads, bridges and sewage networks, according to an official at the Financial Supervision Bureau, who spoke to the New Arab. This is an estimated 200 trillion dinars and may be more.

The official, who asked not to be named, asked about Nouri al-Maliki's projects he announced south in his second term, and why he is not being held accountable. 

And where the money spent for her? Stressing that the provinces of Baghdad, Babylon, Karbala and Basra, the most provinces of Iraq that have been carried out by the fake projects in the country.

The Iraqi national income since 2004 is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period, in addition to the governments after the occupation received about $ 200 billion in grants, loans and various assistance, most of which came from the United States and various European countries.

However, the country has so far suffered from a clear collapse in the sectors of health, education and services such as water and electricity, as well as the deterioration of infrastructure, which has not been any modernization or addition, despite the increase of the population in the country to nearly 40 million people, compared to what it was before the occupation by about 29 million people. 

On the effects of worsening corruption and waste of public money, says the Iraqi economist Ali MPs that the government will not succeed in the effort to attract foreign investors, including the Chinese, to its yard, unless you give them confidence that they will not be subject to extortion or problems, the influence of militias reached intervention in the work of companies Corruption is ravaging government institutions, and there is confusion in investment laws.

He pointed out that the reasons for the failure of Prime Minister Haider al-Abadi in his visit to China in 2015 still exist, and did not change in the government of Adel Abdul Mahdi, but may have increased.

This comes in conjunction with Abdul Mahdi's visit to China, which was considered more economic than political and aims to attract Chinese companies to Iraq to enter into many sectors, the most important of which is housing, energy and infrastructure.

"On arrival in Beijing, Abdul Mahdi held talks with Chinese officials focused on the government's vision of the relationship of cooperation and partnership between the two countries, and the renaissance achieved by Beijing to benefit from its successful experience," a statement from the Prime Minister's Office said.    link

Frank26:  WELCOME TO THE FOURTH WEEK

September 23, 2019

THE FOLLOWING VIDEO IS STRICTLY IN FRANK'S OPINION

https://youtu.be/V2e-sBiUvak?t=2

https://www.youtube.com/watch?v=V2e-sBiUvak

Bix Weir, KTFA and more Early Monday PM 9-23-19

Bix Weir: 

ALERT!! Silver Price Rises as Manipulators Lose $BILLIONS!!

Published on Sep 23, 2019

A hand full of Silver Price controllers are losing $Billions on their COMEX short position as the silver price moves up and out of their control. Hang on tight to your physical silver!!

I do think we will be seeing “Perp walks” son

https://youtu.be/py99VV7m_Dg?t=4

First Lady Melania Trump rings the opening bell at the NYSE

Published on Sep 23, 2019

https://youtu.be/sEq2-6eH2vs?t=2

Patriot Intel Report 09 23 19

We are in the Season of Harvest

https://youtu.be/7q0BZqjjXqE?t=1

KTFA:

DELTA:  Finance Minister discusses with CITI Bank to complete banking preparation for the second step to start financing projects

Ckare:  THANKS DELTA! HUGE NEWS! IMO ...SO MUCH GREAT NEWS!  GREAT TO WITNESS IT ALL...
WE KNOW WHAT'S NEXT!

Rommy:  IMO  Its very probable, at a recent Citi executive meeting there were a lot of very anxious happy attitudes.  Wonder if any of the execs have acquired Iraq dinar?  Sorry, dumb question.  LOL

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

Samson:  Trade Bank of Iraq
23rd September, 2019
A reference to what some social media has taken from a government bank.

We would like to stress that the cards issued by the Iraqi trade bank and its electronic payment system are fully secure.

And that what happened yesterday from a stop of atm was due to the maintenance of the banking system. We assure the bank to take all possible measures to protect its customers.   LINK

Tommy17:  This is interesting getting ATMs ready to go online with the new international rate.   IMO

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

Samson:  Iraq receives an official invitation to participate in the World Economic Forum (Davos)

2019/23/09 0:51

The President of the Republic Barham Saleh, at his residence in New York, the President of the World Economic Forum Klaus Shawalba, on Sunday, on the sidelines of the meetings of the United Nations General Assembly.

"The need to build a new economic order in the region that supports civil peace in all countries," the president said, stressing the need for the economy as a supporter of peace through the links created by the labor market."

For his part, Shawalba appreciated the president's economic orientations and expressed his hope for concerted efforts to create a positive economic environment for work.

Saleh received an "official invitation from the World Economic Forum to participate in the Davos Forum, and thanked Shawalba for this invitation."   LINK

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

Samson:  A scary number of foreign debt on Iraq and warning of its dangers

2019/9/23 8:15

The parliamentary finance committee decided not to receive the 2020 budget from the government if it contains a large fiscal deficit, while continuing to hold meetings with the Ministry of Finance to discuss on reducing the deficit and dependence on non-oil revenues.

Chairman of the Committee Haitham al-Jubouri said in a press statement that the budget for the coming year is still in the stages of preparation by the concerned government authorities. He added that "the government is concerned with finding solutions to fill the budget deficit other than oil revenues," pointing at the same time that "can not predict things unless the budget reaches the dome of the House of Representatives."

For his part, member of the Committee, Ahmed Mazhar al-Jubouri, said that "the Committee has already suspended debts, especially foreign, in the budget of 2019, at a time when there is an obligation to continue the debt as it was present during the war on the ISIS gangs. He explained that "debt, especially foreign amounted to 125 billion dollars," noting that "its survival portends a threat to the economic future of Iraq."

He noted that “20 debt clauses will be in the budget of 2020, after the Committee held with the Ministry of Finance five meetings during the past month, as part of these debts were loans imposed on Iraq by the World Bank,” pointing out at the same time, that the research He continues to find solutions to fill the budget deficit next year.”  LINK

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Samson:  Signing a security agreement between Iraq and China

2019/09/23 16:41

Iraq signed a security agreement with the People's Republic of China on Monday.

The Minister of the Interior in a tweet on his account Twitter: "During our visit within the Iraqi government delegation headed by Prime Minister Adel Abdul Mahdi, we signed a memorandum of understanding between the Iraqi Ministry of Interior and the Ministry of Security of the People's Republic of China."

He added: "We will continue to work with friendly countries to eliminate terrorism and dry up its sources."    LINK

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Samson:  Iraq and China sign eight memorandums of understanding

23rd September, 2019
The Iraqi and Chinese governments signed in Beijing on Monday eight agreements and memorandums of understanding in the presence of Prime Minister Adel Abdul Mahdi and Chinese Premier Li Keqiang.

The agreements were signed, according to a statement issued by the Iraqi government today, at the end of the expanded round of talks between the Iraqi and Chinese official delegations held in Beijing today headed by Prime Minister Adel Abdul Mahdi and Chinese Premier.

The agreements and memorandums of understanding, according to the statement, included the areas of finance, trade, security, reconstruction, communications, culture, education and foreign affairs.

At the forefront of the agreements and memorandums of understanding signed, the agreement on the implementation of the mechanisms of the framework agreement between the Ministry of Finance and the Chinese Agency for Credit Guarantee (Sine Shore), and the agreement of economic and technical cooperation, and a memorandum of understanding between the Iraqi Ministry of Finance and the Ministry of Commerce on cooperation for post-war reconstruction in Iraq.

A memorandum of understanding was signed between the Ministry of Communications and the China Office of Aeronautics in Satellites, a security memorandum of understanding between the Iraqi Ministry of Interior and Public Security in China, and a memorandum of understanding on the executive program of cultural cooperation.

They also included a memorandum of understanding between the Iraqi and Chinese foreign ministries on the lands allocated to the diplomatic missions, and a memorandum of understanding between the Ministry of Higher Education and the Information Office of the State Council to establish the Chinese Library at Baghdad University.

On the premier's proposal, the Chinese premier welcomed the establishment of a joint committee to promote cooperation and achieve practical results of the agreements signed to enter into force and achieve its goals.

They discussed the situation in the region and the identical positions of the two countries towards it and Iraq's good relations with all neighboring countries, the region and the world that serve the security and stability of the country and the whole region.   LI

Delta and KTFA Members "News and Views" Monday Morning 9-23-19

KTFA:

DELTA:   Finance Minister from Beijing: We will sign today the Framework Agreement on Financial and Credit Spending with China

Monday, September 23, 2019 - 06:05

Beijing - conscious - Ali al-Ahmad

 Iraq and China will sign a framework agreement on financial and credit spending, Deputy Prime Minister and Finance Minister Fuad Hussein said Monday.

Hussein said in a speech at the Third Iraqi-Chinese Economic Cooperation Forum in Beijing: "This agreement will frame the financial and oil relations between the two countries, and create a basis for the work of Chinese companies in Iraq

http://www.ina.iq/ 

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

DELTA:  Finance Minister discusses with CITI Bank to complete banking preparation for the second step to start financing projects

Baghdad - Conscious

Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein on Sunday discussed with the Chairman of the Board of Directors of Citibank Bank Janak your time to complete the banking preparation for the second step after opening accounts in order to start financing projects.

A statement from the Information Office of the Deputy Prime Minister for Economic Affairs received by the Iraqi News Agency (INA), said that "Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein met with the Chairman of the Board of Directors of CITIC Bank Junk your time accompanied by the Ministers of Transport and Electricity and Governors of Baghdad, Basra, Karbala, Wasit, Diyala and Anbar And Maysan and governors of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar.

He pointed out that "during the meeting reviewed the measures that will be taken by the two sides in order to complete the banking preparation for the second step after opening accounts in order to start financing projects, which will focus on infrastructure projects and strategic projects and internal and external railway networks."

Dan:  Frank….Thanks for YouTube videos
2nd article completed
Iran neutralized.
Everyone ready to make money.
Investors, countries, and Iraq & 
it's citizens.
We are last....

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

Samson:  The Central Bank eliminates the fine shortage of deposits of small categories of banks

23rd September 2019

In its endeavor to cover the market need of new banknotes for small cash
categories (250, 500, 1000), the Central Bank of Iraq decided to cancel
the fine that may appear  in the deposits of banks licensed by this bank
of small cash categories and for a limited  period, in order to achieve the
desired purpose of withdrawing the currency Damaged in circulation

 The bank would also like to show that the counting of banknotes damaged for these
categories requires time and effort from the competent staff for the difficulty of
counting in the counting machines.

 Central Bank of Iraq information Office  2019/9/23

https://cbi.iq/news/view/1290

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

Samson:  The central bank issues a decision to cover the market need of small monetary categories

23rd September, 2019

The Central Bank of Iraq, on Monday, to cancel the fine shortage of deposits of small categories of banks, attributing the decision to cover the market need of new notes for small cash groups.

The bank said in a statement received by Alsumaria News, a copy of it, that "in order to cover the market need of new notes for small cash categories" 250, 500, 1000 "it was decided to cancel the fine shortage that may appear in the deposits of banks approved by small cash categories for a limited period," Indicating that "that comes to achieve the desired purpose of withdrawing the damaged cash currency in circulation."

 He added that "the counting and sorting of banknotes damaged for these categories require time and effort from the competent staff for the difficulty of counting in the counting machines."

It is noteworthy that the Central Bank of Iraq during the last period pumped large quantities of small groups after these categories have been damaged, which the citizen found it difficult to circulate.

LINK

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

Samson:  Amir of Kuwait receives Iraqi President in USA

22nd September, 2019
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received at noon today the President of the Republic of Iraq, Dr. Barham Saleh, at the residence of the Emir of Kuwait in the United States of America. 

Kuwait News Agency (KUNA) reported that the President of the Republic of Iraq was assured of the Amir's health and the results of his recent medical examinations.

The Emir of Kuwait expressed his thanks and appreciation for the sentiments expressed by President Barham Saleh, which embodies the depth of the good relations between the two countries and the two peoples.

The meeting was attended by Deputy Head of the National Guard Sheikh Mashaal Al-Ahmad Al-Jaber Al-Sabah, Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah.    LINK

 *********************

Samson:  A delegation from Kurdistan arrives in Baghdad

2019/23 23 11:06

A delegation from the Kurdistan Regional Government, headed by the Minister of Social Affairs, arrived in Baghdad on Monday.

According to Kurdish press sources, the delegation, upon arrival, met with the Minister of Labor and Social Affairs Bassem Abdul Zaman to discuss the organization of bilateral work with regard to international conferences in addition to cooperation in the field of assistance to eligible groups in society.

The delegation will discuss with the issue of the budget of the Kurdistan Ministry of Labor in the financial budget for next year.    LINK

Samson:  Iraq and China agree to establish five joint industrial cities

2019/23/09 10:59

Minister of Industry and Minerals Saleh Abdullah Al-Jubouri announced in a speech during his participation in the work of the Iraqi-Chinese Economic Cooperation Forum in Beijing on the agreement to establish a joint industrial city to manufacture Chinese products and international specifications.

The minister said Jabouri, according to a statement of the Ministry of Industry received agency (Euphrates News) a copy of "the signing of a memorandum of understanding to complete the initial construction of industrial cities in five Iraqi provinces."

He pointed to "put more than 200 projects and investment opportunities available to the companies of the Ministry of Industry and Minerals in various industrial fields."   LINK

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

Samson:  Abdul Mahdi's advisor: Visiting China did not cost Iraq a penny
23rd September, 2019

Prime Minister Adel Abdul-Mahdi's economic adviser said Monday that the visit of an Iraqi delegation to China "did not cost Iraq a penny," noting that Baghdad and Beijing will sign eight agreements today "important."

Said Abdul Hussein Hinan , said that "this will be signed today on eight important agreements in various sectors, and will sign the financial agreement to fund joint projects between the Iraqi Ministry of Finance Corporation of China export subsidies (Sainachur)."

 Al-Hanin said in an interview with "Russia Today", "The visit to China did not cost the Iraqi state a penny, and the importance of the visit has ensured the Chinese side all the costs of hospitality."

Prime Minister Adel Abdul Mahdi arrived in China on Thursday (September 19, 2019) at the head of a large government delegation to China on a several-day official visit.   LINK

TNT, KTFA and X22 Sunday Night

TNT:

Sunday evening update for September 22, 2019

Even though it's Sunday and MOST banks are closed up tight today..... Some exchangers did report to their respective exchange center locations and have been working "on location" for seven straight days now, hmmmmmm?

A bank in Virginia was reported having a full parking lot and armed security officers escorting people to their cars as they exited the bank. Say What??????? #wearethepeople

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

JSL:   VietNam has one of the best economies in the world, yet someone here said the other day they have the third lowest currency in the world, yet before the war they were usually around $2 to the USD so they definitely are way way overdue for their adjustment

SwampyJack:  During the war, their currency was about as bad as it is now.... Vietnam has had its ups and down currency speaking over these years since, so anything over $0.05 is a winner for me !!  I am afraid of dreaming in the $2.00 to $6.00 ranges ... but I will take it for sure !

Eccle519:  Imo, all rates on bank screens are just holding rates as they disappear just as fast...it would be interesting to know where exchangers get their que to show up

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

Tishwash:   Iraq receives an official invitation to attend the annual World Economic Forum in Davos.

The President of the Republic Barham Saleh, at his residence in New York, received the President of the World Economic Forum Klaus Schwalbe, on the sidelines of the meetings of the United Nations General Assembly.

The President stressed, according to a statement to his media, "the need to build a new economic order in the region, which supports civil peace in all countries," indicating the need for the economy as a supporter of peace, through the links created by the labor market.

For his part, Shawalbeh appreciated President Barham Saleh's economic orientations, expressing his hope for concerted efforts to create a positive economic environment for work.

President Saleh received an official invitation to attend the annual World Economic Forum in Davos. link

KTFA:

7-FA:   Lesson of the fence

 There was a little boy with a bad temper. His father gave him a bag of nails and told him that every time he lost his temper to hammer a nail in the back fence.

The first day the boy had driven thirty-seven nails into the fence. Then it gradually dwindled down. He discovered it was easier to hold his temper than to drive those nails into the fence

Finally the day came when the boy didn’t lose his temper at all. He told his father about it and the father suggested that the boy now pull out a nail for each day that he was able to hold his temper.

The days passed and the young boy was finally able to tell his father that all the nails were gone. The father took his son by the hand and led him to the fence.

“You have done well, my son, but look at the holes in the fence. The fence will never be the same. When we say things in anger, they leave a scar just like this one. You can put a knife in a man and draw it out. It won’t matter how many times you say ‘I’m sorry,’ the wound is still there. A verbal wound is as bad as a physical one.”

“Know this, my beloved brethren.
Let every man be quick to hear,
slow to speak, slow to anger.” - James 1:19

Author Unknown

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

Don961: President Saleh begins a major work in New York: a tripartite Arab summit and a meeting with Pompeo

by vBulletin® by Ali EjamIraq NewsOne Hour ago

Baghdad - “Liberation squares”

President Barham Saleh started his meetings on the sidelines of the United Nations General Assembly in New York with a meeting with US Secretary of State Mike Pompeo on the crisis in the region and Iraqi-American relations.

During the meeting, they discussed ways to develop bilateral relations between the two friendly countries, in addition to regional and international developments.
The President stressed the need to avoid escalation and renounce war, and the adoption of dialogue as a means to solve the problems of the region and protect its stability, and focus on completing the war against terrorism, so  as to achieve international peace and security.

The President arrived in New York at the head of a high-level delegation, including Foreign Minister Mohammed Ali Al-Hakim and Planning Nuri Sabah Al-Dulaimi and the President of the Supreme Permanent Committee for the Advancement of Women Dr. Zikra Alloush to participate in the meetings of the 74th session of the United Nations General Assembly.

It is hoped that he will deliver the speech of Iraq at the meetings of the General Assembly, and will meet with a number of leaders and heads of state participating in the meetings.

The President also held a tripartite summit (Iraqi-Jordanian-Egyptian) with President Sisi and King Abdullah II Bin Al-Hussein to coordinate positions on the situation in the region and ease the tension.

link

The Economic Plan Evolves, Trump Using Debt As A Weapon - Episode 1976a

X22 Report:  Published on Sep 22, 2019

https://youtu.be/QFGBekra2K0?t=1

Did You Catch What Happened, Second Wave Just Hit, Carpet Bombs Dropped - Episode 1976b

X22 Report:  Published on Sep 22, 2019

https://youtu.be/FDSjg-JTB9Y?t=5

Frank26 and KTFA Members Late Sat.PM/ Early Sun.AM

KTFA:  

Samson:  Saleh sends a message to the nations of the world: Enough wars us

9/21/2019 22:56 

The President of the Republic sent a message of peace in the name of Iraq to the nations of the world.

"On World Peace Day, Iraq carries the message of peace to the nations of the world," Saleh said in a tweet on Twitter.

"Where Iraq aspires to security, peace and freedom, it will end killing, abuse and corruption. We hope that the language of peace will prevail in our region and the world." "We have enough wars, let us go to reconstruction and serve the people," Saleh concluded.  LINK

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

Frank26:  YOU CAN WIRE OUT OF YOUR COUNTRY CITIZEN

Streamed live 9 hours ago

https://youtu.be/inDX27vOHkc?t=4

Samson: Economist: This is what Abdul Mahdi will do in China

9/21/2019 21:01 

The economic expert counted Prime Minister Adel Abdul Mahdi's visit to China "protocol", while revealing the real purpose of this visit. "Since 2003 until now, all the investment conference and the latest conference in Kuwait have not yielded anything because of the internal situation," said Majid al-Suri. Indicating that "Abdul-Mahdi's visit to China aims to see the developments of this country to improve the infrastructure of Iraq, most notably the dilemma of electricity."

He added that "the main goal of Abdul-Mahdi's visit is Sami to link with China," noting that "the problem is not the desire or agreements, but are we able to secure the development process and provide a favorable atmosphere for investment in Iraq?". He continued, "Iraq will not sign in this visit contracts or agreements, but will sign memoranda of understanding only during the next two days," wondering "how many memorandums of understanding signed and did not apply due to political and economic circumstances because of the absence of Iraq's economic identity?". "The visit is usually for the general development of China, and has brought with it economic figures, including agriculture, industry, finance and others, as well as from the private sector," he said.

On Wednesday evening, Prime Minister Adel Abdul-Mahdi headed a large delegation of the People's Republic of China for a several-day official visit. Prime Minister Adel Abdul-Mahdi arrived Thursday in the city of Hefei in the People's Republic of China at the head of a large delegation to participate in the work of the World Conference on Industrialization.   LINK

Samson:  Chinese bank funds strategic projects in Iraq

2019/22/09 11:24

Deputy Prime Minister for Economic Affairs and Finance Minister Fouad Hussein discussed with the Chairman of the Board of Directors of the Bank (CITIC) Chinese steps to finance strategic projects in Iraq.

A statement issued by the ministry received a copy of the agency (Euphrates News) that Hussein "met with the Chairman of Sitec Bank (Junk your time) accompanied by the Ministers of Transport and Electricity and the Governors of Baghdad, Basra, Karbala, Wasit, Diyala, Anbar, Maysan, Governors of Erbil, Sulaymaniyah, Dohuk, Wasit and Dhi Qar."

The statement added that "during the meeting reviewed the measures that will be taken by the two sides to complete the banking preparation for the second step after opening accounts in order to start financing projects, which will focus on infrastructure projects and strategic projects and internal and external railway networks."

The Iraqi delegation in China is conducting a series of meetings and technical meetings in order to promote economic relations between the two countries.   LINK

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

Samson:  Adviser to Prime Minister: Business volume with China will exceed 500 billion dollars
22nd September, 2019

The economic adviser to Prime Minister Adel Abdul Mahdi, on Sunday, that the volume of business between Iraq and China will exceed 500 billion dollars in the next 10 years.

Said Abdul Hussein Hinan in an interview with Alsumaria's News, he said that "the volume of business between Iraq and China target over the next ten years would exceed $ 500 billion, starting from now and from this visit."

It began on Thursday since last September the current 19, an official visit conducted by Prime Minister Adel Abdul - Mahdi to China, accompanied by a delegation comprising ministers, governors and advisers, with a view to holding agreements and understandings between Baghdad and Beijing in several areas, including education, transport, industry and agriculture.    LINK

 Samson:  The Association of Private Banks Organizes a Course "Liquidity Tools in Islamic Banks"
22nd September, 2019

The Association of Iraqi private banks, in cooperation with the Joint Efforts Group and the Central Bank of Iraq, on Sunday, a course «liquidity tools in Islamic banks in accordance with the standards of IFSB

The course, which will last for five days, was attended by 20 trainees representing a number of government and private banks

The course targeted the employees of the Risk Management Department, the Treasury Department, and the Accounting Department    LINK

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Samson: The House of Representatives and the Parliamentary Finance ... the decision is yours

22nd September, 2019 by Samir Al-Nasiri

In accordance with the amendment of Article 58 of the 2019 Budget Law by setting the date of 10/24/2019 as the last date for the selection of the occupants of special grades and the confirmation of those who are acting or replacing them with others

I believe that the application of this article in a transparent and professional manner and without prior political and personal intentions and in the service of Iraq means that the competent authorities in the government and in the House of Representatives to adopt important and basic criteria starting first and foremost from an evaluation and analytical view of the results of the official in the office during his responsibility and the post Which he and his team were able to achieve national achievements and have a direct impact on the achievement of the central objectives of the previous and current government within the axes of government programs approved by the House of Representatives

In order for our conversation to be clear and specific must be evaluated the results of the work of three main bodies had a prominent role in the economic field and the fight against corruption are the Central Bank of Iraq and the Office of Financial Supervision and Integrity

What concerns us here is the role played by the Central Bank of Iraq and its achievements and luminous points during the lean years (2015-2019) in which Iraq suffered from economic shocks and security and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to achieve economic resilience A decisive victory over terrorism because military victory cannot be achieved without steadfastness and economic support

Therefore, through the review, analysis and evaluation of the neutrality and transparency of the Iraqi economic situation and in particular what has been achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts, evidence, signals and achievements confirm that the Central Bank of Iraq proved to be the first economic institution through the important achievements in supporting the economy And to achieve economic steadfastness and strive to achieve economic stability in accordance with the objectives of the main strategy and subsidiary and this is what he has already achieved

. In fact, it contributed to the achievement of the victory on terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq and the province a key and leading role in achieving it

The economic victory achieved the most prominent results and most important support the state treasury and stabilize the exchange rate and the recovery of the Iraqi dinar and reduce inflation and maintain the proportion of less than (2%) and maintain a cash reserve of up to $ 74 billion is enough by more than 170% as a cumulative accumulation according to the latest standard of the IMF International with gold reserves within an excellent record rate at the global and Arab level according to the World Gold Council

In addition to its adoption of standards and controls consistent with the requirements of international standards in compliance and combating money laundering and financing of terrorism and liquidation of up to 700 international observations registered on the Iraqi banking system and our exit from the monitoring and follow-up area in accordance with the Financial Working Group and strict commitment to achieve the basic objectives and activate and establish new visions of monetary policy

 Policies to restore confidence in the banking transactions of Iraqi banks with Arab and foreign banks, and strive to build a solid banking sector and continue to make extraordinary efforts to improve the banking reputation of financial institutions and organizations The Mechanism and correspondent banks and building strong relationships with the central Arab and foreign banks and international financial organizations and the Security Council's call for the central bank governor in a rare accident to view the achievements in the field of combating money laundering and the financing of terrorism as well as the procedural and organizational, structural and developmental internal policies which aim to achieve a fee

It was all these achievements that called on Arab bankers to elect the governor of the Central Bank as deputy governor of the Arab Monetary Fund at its current session and the chairman of their board in the next session, a living embodiment that Iraq's economy is rising and recovering from its crises and that this is a tribute to the Iraqi people and its economic, financial and banking institutions

The question now is whether Article 58 will be applied in the 2019 budget according to transparency and respect for the principle of public service in the service of society?

 The answer is yes, we hope that, although we have great hope in the members of the Council of Representatives of the Iraqi people, especially the parliamentary finance committee, it is the competent authority, which we trust very much. Certainly in the service of the Iraqi economy   LINK

MilitiaMan and KTFA Members Saturday Evening 9-21-19

KTFA: 

Samson:  Saleh Arrives in New York

9/21/2019 18:30 

The President of the Republic Barham Saleh arrived in New York on Saturday to participate in the meetings of the General Assembly of the United Nations.

The seventy-fourth session of the United Nations General Assembly began at the headquarters of the Organization in New York on 17 September.

The annual general debate will open on Tuesday, 24 September. On this occasion, the Heads of State and Government and other eminent national representatives will meet to present their priorities and exchange views on the major global stakes. LINK

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Don961:  Al-Monitor: Barham Saleh will present Iraq's vision for the new regional order

Saturday 21 September 2019
Baghdad / morning

In the next few days, President Barham Saleh will travel to New York to participate in the UN General Assembly meetings. The newspaper "Al-Monitor" wide-spread US confirmed in a report followed by "morning" on Saturday, that in the crowded presence of leaders in New York should highlight two leaders, the first of which is President Barham Saleh and the new political vision to provide And the second Turkish President Recep Tayyip Erdogan

The newspaper revealed a meeting between President Saleh and his US counterpart Donald Trump on the sidelines of the meetings of the United Nations. 

"Without underestimating all the other issues and other political players, there are two leaders awaited: Iraqi President Barham Salih and Turkish President Recep Tayyip Erdogan. He will be instrumental in what is happening in Syria, the Gulf, and Iran. ”

New regional order

“Iraqi President Barham Salih deserves to be followed up this week, not only because Iraq is on the front lines of any possible escalation in hostilities due to the September 14 attacks on Iraq,” she said. 

Aramco's oil facilities, which Washington and Riyadh blame on Iran, but perhaps just as important - or more important - will be President Saleh's message that changes in Iraq's policies reveal how they can be part of the solution to the regional crisis through diplomacy and economic integration. Another that (Iraq bridge rather than a square battle)".

"Iraq has been known for its partisan policies, but this is more of a past than in the past, especially in terms of national security," Saleh said. They do not have political blocs with ethnic or sectarian agendas. Perhaps this has benefited them. 

And independent. “

Al-Monitor quoted President Saleh as describing in a speech last week the "hard-won victories of Iraqi forces against terrorism" as "a springboard for a new regional order based on economic integration, providing good employment opportunities for regional youth, and driving progress towards educational services." Health and other fronts. ”

She adds that "Iraq is advancing this (new system) actions and words, we have documented since last March; Iraq's steps towards economic integration with Jordan and Egypt, and last July we wrote that (can not be underestimated re-bonds of Arab relations with Iraq)," and stresses that Saleh Abdul-Mahdi ignores the concept of sectarianism in Iraq's regional politics, with Iraq as a potential bridge, not as a party in relations between Iran and Saudi Arabia, Iraq is also working with the Gulf Cooperation Council for electrical connection, and Iraq is working on the establishment of a second new pipeline to transport Iraqi oil to  

The paper also quoted author Bryant Harris as saying: "Some in Congress are also picking up the thread, and calling on the Trump administration to expand its involvement in Iraq, where the State Department requested $ 166 million in Iraqi aid for 2020, but the proposed spending mark in the Senate The Senate bill also calls for a renewed US diplomatic presence in Basra after the consulate was closed last year after rockets landed near the airport housing the building.

Al-Monitor concludes by talking about Iraq and the expected participation of President Saleh in New York by saying: "The idea here is not to put pressure on Iraq (to take sides), and to revive the outdated and failed idea of ​​Iraq as the (Eastern Front) against Iran, as was the noise during Saddam's rule

 However, President Saleh and his colleagues in the three presidencies put their country on a different path: prioritizing Iraq's sovereignty and avoiding conflict.

The Trump administration could win by encouraging the Iraqi leadership to do so, although it is acknowledged that the Iraq route Fragile), but in a potentially explosive area, there is a sign Invest in sound investment growing".    LINK  

MilitiaMan:  WELL DONE DON,THE LAST SENTENCE IS CATCHY.. LOOK WHO IS AROUND THE WORLD, WHEN AND WHY.. FOLLOW THE MONEY AND PROSPERITY THEY ARE SUGGESTING THEY WILL BRING TO THEIR RESPECTIVE CITIZENS. CHINA IS LOOKING TO AND HAS BEEN ENTRENCHED IN IRAQ.. THERE IMO WON'T BE ANY MORE DELAYS WITH USA AND CHINA IN IRAQ MAKING THINGS GET REAL.. IMO ~ MM

Samson:  Abdul Mahdi: We belong to Asia and we want to be part of its rise

2019/21/09 16:44

Prime Minister Adel Abdul Mahdi said Saturday that China is at the forefront of leading the East, stressing that Iraq is seeking to cooperate and partnership with the People's Republic of China and build deep, long-term and sustainable relations. It arrived Saturday morning.

A statement from Abdul Mahdi's media office, which received a copy of the Euphrates News, said that the latter met with the governor of Shanghai city, An Young, who welcomed the Iraqi delegation, which includes ministers and governors, on behalf of the Chinese people and the Communist Party and Government Committee, and said, addressing the Prime Minister and the Iraqi delegation:

You are facing an arduous and the city of Shanghai diverse Bcrkadtha mission known is ready to work under the guidance of the Iraqi government and in all areas, especially infrastructure." He pointed to "the depth of the Iraqi and Chinese civilizations and the importance of the silk road, which connects the two countries since ancient times."

Reviewed the Shanghai Governor "economic capacity and Industrial and technological owned by this city, which is a world advanced commercial center and includes hundreds of Chinese and foreign investment companies, in addition to a large number of universities and research and development centers, and renewed the readiness of these companies to work in Iraq.

The Prime Minister defined "the members of the delegation of ministers and governors and sectors they represent and those needed by all the Iraqi provinces that have suffered from a series of wars and terrorism destroyed its infrastructure," noting that "accompanying most of the members of the executive authority is a guide to the government to give this visit important, and we want to make a leap The quality and move to the status of implementation and to the achievements and agreements contribute to the reconstruction of Iraq and its infrastructure to be the basis for construction projects."

The Iraqi delegation conducted a tour of the city which included the manufacturer of electric power equipment (Shanghai Electric) After a quick tour of the company's headquarters, a meeting was held with the company's managers in charge of projects implemented in Iraq. Finance, training Iraqi staff and developing local expertise.

 The Prime Minister and the official delegation concluded his visit to Shanghai by visiting Yang Shan Port and meeting with officials in the port, which contributes to the Iraqi-Chinese trade exchange. And development, especially in the city of Basra and the port of Faw.  On Sunday, the prime minister will start his official visit to the capital Beijing.    LINK

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Don961:  Tomorrow .. important agreements between Iraq and China

Saturday 21 September 2019

 Baghdad / morning 

On Monday, Prime Minister Adel Abdul Mahdi and his senior government delegation will sign important agreements and memoranda of understanding between the two countries in the fields of rebuilding infrastructure, oil, electricity and other vital areas.

The third Iraqi-Chinese Prime Minister will then hold official talks with President of the People's Republic of China Xi Jinping, Premier Li Ki-Xiang and other Chinese leaders. The Iraqi delegation is scheduled to pay a visit to Huawei Chinese communication and tour the landmarks of the Great Wall.

"We belong to Asia and we want to be part of its rise," Mahdi said during a visit to Shanghai on Saturday.

The governor of Shanghai, Ann Young, welcomed the Iraqi delegation, which includes a large number of ministers and governors. .

Prime Minister Adel Abdul Mahdi, the members of the delegation of ministers, governors and sectors they represent and those needed by all Iraqi provinces that have suffered a series of wars and terrorism destroyed its infrastructure, noting that «accompanying most of the members of the executive authority is a guide to the government to give this visit importance, and we want to form A qualitative leap and move to the state of implementation and to the achievements and agreements contribute to the reconstruction of Iraq and infrastructure to be the basis for construction projects ».   LINK

MilitiaMan:  THIS IS ON THE 70TH YEAR ANNIVERSARY OF THE PRC.. NOTICE THE SIMILARITY IN WHICH THE CHINESE CELEBRATE AND THE SIMILARITIES TO IRAQ, AND WHAT THE DELEGATION IS IN CHINA FOR.. THE COMMONALITY IS THE CITIZENS AND PROSPERITY. FASCINATING ISN'T IT? IMO, IT SURE IS. ~MM

http://www.xinhuanet.com/engli.....408777.htm

KTFA Members "News and Views" Friday Afternoon 9-20-19

KTFA:

Samson:  Trump imposes sanctions on Iran's central bank and reveals another package

9/20/2019 17:39

US President Donald Trump on Friday announced sanctions against Iran's central bank.

Trump said last Wednesday that a new package of sanctions on Iran would be announced, describing the new sanctions against Iran as "influential", adding that his view of this country has not changed.

The US president said that there is no war with Iran as "there are many options for action."

"Our decision not to strike Iran before is proof of our strength," he said, stressing that the United States is now "in a very strong position."   LINK

Titus2mom4:   This looks like good news for us this weekend! Exciting times ahead!  

Iobey777:   POW!!!!!!!!!! HIT EM WHERE IT HURTS!! NOW..CBI...MAKE YOUR MOVE!!!!!!!GET IT DONE!!!

Radience:   This action of Trump imposing a Sanction against Iran's Central Bank is huge.

MiliiaMan:  I hope everyone realizes just what this means. Trump has neutered the Iranian National Bank. How? Well, Iran is one of Iraq's largest trading partners and has massive amounts of Dinar. They clearly will have a hard time making any money off the re in statement of Iraq IQD with sanctions on!! The timing of this is massive imo.. Trump just made a steer out of Iran... lol imo ~ MM

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Don961:   Trump's deputy on war with China: the era of economic surrender is over

 20 September 2019 02:53 PM

Direct: Vice President Mike Pines believes that the United States will continue to take a strong position in its trade war with China

Mike Pence said in remarks with the network "CNBC" America, on Thursday, that the era of economic surrender is over

The United States not only manages a $ 500 billion trade deficit with China, but the country also loses much from intellectual property theft every year, he said

The US trade deficit with China reached $ 419.2 billion in 2018, up 11.7 percent from 2017 figures, according to the US Census Bureau

Washington has repeatedly accused Beijing of stealing intellectual property, a claim China has always denied

"For too long, one administration after another, Republican and Democratic administrations were prepared to accept the extraordinary disadvantages of American workers and jobs under the name of trade with China," Pines said

He continued: "These days are over, we will continue to stand strong, and the American people can trust that President Donald Trump will continue to stand strong"

Pence's comments coincide with the resumption of trade negotiations between the two sides for the first time in nearly two months

US Vice President Pines said Treasury Secretary Stephen Mnuchin and Trade Representative Robert Lighthizer will meet with Chinese officials next month

What President Donald Trump is doing with China is to defend the US economy and defend US interests, he said

He said Trump's strong stance was believed to have an impact on the Chinese economy   link

Don961:  UPDATE 1-Dollar turns higher globally with monetary policy comments

 20 September 2019 03:07 PM

Direct : The US dollar turned higher on Friday, after comments from a Federal Reserve official supporting further rate cuts

St. Louis Federal Reserve Chairman James Pollard said today that he supported a 50bp rate cut at the last Fed meeting, rather than a 25bp cut

Bolad attributed his view to a number of reasons including the slowdown in economic growth, the reversal of the yield on US bonds, and he believes that manufacturing activity has entered a recession

By 12:00 pm GMT, the greenback was up 0.06 percent at $ 1.1033, while the yen was down 0.08 percent at 107.93 yen

The US currency rose against the pound by 0.3 percent at 1.2490 dollars, while falling against the Swiss franc by about 0.1 percent to 0.9915 francs

During that period, the dollar index, which tracks the performance of the currency against six major currencies, rose 0.2 percent to 98.466

Investors are following the round of trade talks between the United States and China, which began yesterday in Washington, which aims to prepare for high-level talks between the two countries scheduled for next month    link

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Samson:    Iraq has no “authority” because of a massive “migration” of the government
20th September, 2019

Iraqi Prime Minister Adel Abdul-Mahdi was forced to write a letter from the plane to explain why he was taking a very large delegation on his visit to China, after he arrived in Beijing, headed by a large government team consisting of about 60 ministers, governors, advisors, officials and accompanying, at a time raised a list The names of the delegation, a large debate in Baghdad before the start of the visit.

Abdul Mahdi was accompanied to China by eight of his cabinet ministers and 16 out of 18 governors, as well as advisors, officials, escorts and guards, which raised eyebrows at the enormity of the delegation.

More surprisingly, the prime minister, who is commander-in-chief of the armed forces, was accompanied by his defense and interior ministers, which meant that he left a major security vacuum in Baghdad, during a period of great escalation between the United States and Iran in the region, foreshadowing a military confrontation.

Although the prime minister focuses on the economic aspects of his visit to China, he did not take any Iraqi businessman with him. Iraqi officials often compete heavily to travel on official missions abroad for the purpose of tourism and to benefit from the amounts allocated for those missions.

Because of this wide controversy, Abdul Mahdi was forced to send a message from his plane to China to the Iraqi people, saying that “time does not allow long waiting and missed opportunities, we need deliberate and quick decisions at the highest levels with the officials of other countries we aspire to Establish a sustainable partnership with them. ”

Abdul Mahdi's visit to China coincides with the participation of Iraqi President Barham Salih in the meetings of the United Nations General Assembly, which began Wednesday in New York, where Saleh will take with him to the United States and the foreign ministers of planning, an additional vacuum in power, at a sensitive time.     LINK

Doodlebug:   Check out the last paragraph... President Salih is at the UN right now? With Mahdi's entourage in China, and the President of Iraq and his entourage in New York... who's left in Iraq? lol. Question is, will Mahdi, Salih and their peeps meet up in D.C. with our great POTUS?. We Won. We Watch. We Wait.

Don961:  Ask for investment even in China

Friday 20 September 2019

Abdul Zahra Mohammed Hindawi 

The world has evolved a lot, and is now racing against the wind to reach its goals. It was in China, this country was for them an unknown world, they were not adults, but hard-won, they would have wished, if they were birds, to travel that distance, and reach that wonderland !!

Today, everything has changed. Seeking knowledge from China is no longer difficult and dangerous. With the dragon spreading its arms all over the world, there is no country in the universe except China made. This country, with its huge population, has managed to jump, leaps and bounds. Fast, stunned the world, and has many solutions, to address the problems of other countries, after he succeeded in applying those solutions to reality, and achieved a wide renaissance in all areas, the Chinese are no longer dying of hunger, because of poverty, but became a balsam to address the problems of others, They have enormous investments, they have very sophisticated industries, and they have minds that lead Of providing the best, even if they were not, the whole world gobbled between overnight !! 

Abdul-Mahdi's visit to Beijing, at this time and at this level, comes under intertwined international and regional conditions, will be an important route of the Silk Road, which China is seeking to increase its routes according to the economic feasibility provided by this path or that, It will stir up the appetite of other capitals, which can change their attitudes and speed up their march towards Iraq.

There are Koreans who are watching what the Chinese dragon is doing precisely, seeking a balance, or sharing economic influence among the rich countries of the region. They rely a lot on Iraq, But they are still intimidated, perhaps waiting for another country, ahead of them, to open the way for them, and the existence of such competition, and this race would provide a golden opportunity more expensive than silk, to choose the best among these three countries, which represent the whole,

A mystery puzzled the world, for the speed of their rapid development, though The results of Abdul-Mahdi's visit to China at the head of a large delegation, including ministers and governors, will be particularly important in the field of roads, railways, housing, health, education and other services projects, and the treatment of slums.

In other countries, therefore, memorandums of understanding and agreements will be signed, and we will be on a date with a new Chinese presence entirely different from the previous stage, after the Chinese proved that they are smarter than others, when their companies did not hesitate to enter and work in Iraq, despite Of the conditions faced by the country, no doubt, they You see the visit of the great Iraqi delegation as a message of commitment and a great Iraqi desire to open wide horizons of fruitful cooperation between the two countries.  especially as this Super, National.    link

TNT, KTFA and X22 Wednesday Night 9-18-19

TNT:

RVAlready:  After the fed had to bail out the overnight system the last 2 nights, to the tune of 75 billion dollars - it looks like time to put treasury back in charge of the money supply, and say goodbye to the fed….So long to The Creature from Jecklel Island

Jambie67:  My spin: the rate(s) may come out at a lot higher than we all anticipate. Many may say, "Wow! That's way high enough for me! I'll have plenty!" and go ahead and exchange when, in reality, the banks might be able to go "way-plenty" higher. Negotiate ANY way.

Sooneriam:  I wonder if there are four or five rates that are already programmed into the bank computer for each of the major foreign currencies??

Sooneriam:  A while back rates for the dinar was $4.47, $6, $8 and $28.50…….A little while back the Vietnamese Dong had rates like $0.47, $0.57, $0.87, $2.27 and $6.

Betmar:  we will know the rates after rv

Sooneriam:  Such a wide range of rates and negotiate going up by $0.05, $0.20 for $0.50 increments. I wonder what are four five rates we should request for the dinar and Vietnamese dong??  Of course the more currency we have and the longer we leave it in the bank the more bargaining power we will have. IMHO

RVAlready:  Start with the highest rate, and come down if you have to.

Sooneriam:  RV already, good advice. Shoot for the moon first. And you will land Among the Stars

Sooneriam:  Start high with the Moon and settle on a good star rate that you are happy and comfortable with

RVAlready:  Up until the contract rate pool is exhausted, there should be a full range of rates. After, it is up to the bank, knowing what they can get from treasury, and projecting how much they can make off whatever money you leave with them to invest. Safest to assume that all is negotiable. Start high and work down.

Sooneriam:   Maybe the banks have certain rate amounts programmed into the computer that will signal a yes and open the door for a good contract agreement.

Ify:   thinking maybe the rates auto-generate based on currency transaction amount. they may have a progamming option where a popup window appears and allows them to input currency count, algorithm calculates and then gives them go or no go on bigger rate. maybe?

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Harambe:  Bloomberg: Zimbabwe’s Currency Rout Makes Argentina’s Seem Like a Blip  (9/17/19)

If you thought Argentina’s currency crisis was bad, spare a thought for Zimbabwe. 

Measures to protect the Zimbabwe dollar -- including sky-high interest rates -- seem to be coming to naught.

Since the southern African nation allowed formal trading of what was effectively a new currency in February, the unit has depreciated to 13.52 per U.S. dollar, from 2.50. That equates to a loss in value of 82% -- easily the worst performance globally, excluding hyperinflationary Venezuela. 

It’s even weaker on the black market, changing hands on the streets of Harare, the capital, at 16.60, according to marketwatch.co.zw, a website that monitors the parallel rate.

The rout makes that in Argentina, where the government imposed capital controls to stem the peso’s 26% decline last month, seem relatively mild.

Zimbabwe’s foreign-exchange scarcity has only worsened since long-standing ruler Robert Mugabe, whose funeral was held over the weekend, fell from power almost two years ago. Such is its severity that the central bank raised interest rates to 70% on Friday, from 50%.

That may do little for consumption in an economy the International Monetary Fund says will contract 2.1% this year, but Zimbabwean officials believe it’s necessary to slow inflation, the rate of which is estimated to be above 200%.

https://www.bloomberg.com/news/articles/2019-09-17/zimbabwe-s-currency-rout-makes-argentina-s-seem-like-a-mere-blip

KTFA:

Don961:  Trump: Trade deal with China may soon be concluded

 17 September 2019 10:05 PM

direct: US President Donald Trump said that the commercial deal between the United States and China may take place soon, with negotiators prepared for a round of talks on Thursday

The US president told reporters before leaving for California on Tuesday that China would buy large quantities of US agricultural products, noting that the trade deal could be made before the presidential election

 Trump said he had told China that if the deal came after the election, conditions would be "much worse" for Beijing than it could now achieve

The United States and China will begin trade talks at the deputy official level this week in Washington, with formal negotiations next month

In another context, Trump said that he is open to withdraw from the strategic oil reserves, but sees no need for this after  "the attack on "Aramc

'The US president has ordered the withdrawal of emergency oil reserves if necessary after the attack on Aramco led to the loss of about 5 percent of the global supply of crude   link

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Samson:  Oil prices rebound on Wednesday morning
18th September, 2019

Oil prices rebounded on Wednesday as they fell on Tuesday as some Saudi supplies returned to the global market as well as global industrialists looked to start talks between China and the United States to ease their trade war on Thursday

At 10 am (0400 GMT) in Baghdad, Brent crude was trading at $ 64.68, up 15 cents, or 0.22% from yesterday's close

WTI was trading at $ 59.10 a barrel, keeping its price unchanged

Oil prices rose earlier this week due to attacks on Saudi Aramco that led to the exit of 5% of global production

Energy Minister Prince Abdulaziz bin Salman said oil production would average 9.89 million bpd in September and October and the world's top crude exporter would provide customers with full oil supplies this month

Oil prices may fall by the end of the day due to Nigeria's lack of commitment to cut production and the lack of global oil demand due to the US-China conflict    LINK

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Samson:  Trump: There is no need to withdraw from the strategic oil reserves

18th September, 2019

US President Donald Trump said that the United States does not need at the moment to use the strategic oil reserves have, but at the same time is prepared if necessary to stabilize the delivered justice prices

Trump said in remarks to reporters on Tuesday: "I do not think we need to, oil prices did not rise significantly

Trump stressed that "there is a lot of oil in the world," and stressed that his administration will speed up the process of approval of pipelines in order to help US oil production

"We can accelerate that very dramatically," he said

After Saturday's attack on Saudi Aramco, which halted Saudi production, the US president withdrew from the strategic reserve. oil if necessary

Trump also said that "Iran appears to be responsible for the attacks on Saudi Aramco," a charge denied by Tehran   LINK

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Don961:  After his defeat in the Israeli elections, Netanyahu is "shocked" and cancels Trump's meeting at the United Nations

September 18, 2019

Baghdad - Nas

JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Wednesday canceled his planned trip to New York to take part in the UN General Assembly on the back of the Knesset elections.

According to the channel "13" Hebrew, "Netanyahu canceled his trip to the United Nations General Assembly in New York, and his meeting with US President Donald Trump, to discuss developments in the political situation, after his defeat in the initial indicators of the elections," noting that "in recent weeks Netanyahu met with many One of the leaders of the world, the most important of them last week, when he visited Moscow to meet with Russian President, Vladimir Putin.

The channel attributed the visit to "the presence of more than a million Israelis speak Russian, and Netanyahu hopes to attract their votes in his favor," noting that "Netanyahu also met his British counterpart, Boris Johnson, two weeks ago, perhaps for the same purpose, that is, the election campaign."

The Israeli Election Commission announced on Wednesday noon, the White Blue party ahead of the Likud party with one seat, after counting 93% of the votes, while the joint list representing the Arab center received 13 seats.

The commission said in its preliminary official results that "after the counting of 93 percent of the votes, the party" Blue White "registered a lead over the party" Likud "with 32 seats against 31 for the Likud.

For the first time since 2010, Netanyahu will not address the UN General Assembly, said Tal Shalev, a journalist and political analyst for the Hebrew website, Walla.

Outgoing Netanyahu said in press statements on Wednesday that there are only two options in Israel after Tuesday's general elections to form the next government.

Netanyahu explained that the two options are either a government headed by him, or a government dependent on Arab parties.

Netanyahu's speech came after the preliminary results of the Israeli elections showed the tie of the Likud party, led by Netanyahu, with a blue-white party led by former Chief of Staff Benny Gantz.

According to the results published by Israeli media, Likud and Azraq White won 32 seats.

Official election results in Israel have yet to be announced, possibly on Wednesday or in the coming days, but preliminary results are usually almost identical to the final.

In order to form a coalition government in Israel, the prime minister must win the confidence of 61 members of the 120-member Knesset (parliament).

This means that Netanyahu or Gantz will be able to form a government that is trusted by parliament, according to the Israeli political system, only through deals with other small parties.   link

 Right On Schedule, Attacks On [CB] Continue, Economic Plan Moves Forward - Episode 1973a

X22 Report:  Published on Sep 18, 2019

https://youtu.be/LxkDV7p8dVY?t=1

Horowitz Delivers The Bad News To Comey, More Pain Coming - Episode 1973b

X22 Report:  Published on Sep 18, 2019

https://youtu.be/pTtD8b52oW8?t=3