Frank, Delta and Walkingstick Monday PM 3-16-2020

KTFA:

Walkingstick:  Published 3 hours ago

Foreign disinformation campaign on fake national quarantine trying to cause panic: officials

Trump administration officials say a foreign disinformation campaign is trying to spread fear amid the coronavirus pandemic, with false rumors of a nationwide quarantine and more.

A senior administration official told Fox News on Monday that it is imperative to ensure the information about the novel coronavirus is coming from verified outlets.

“There is an ongoing effort to spread disinformation and cause undue panic,” the official told Fox News, specifically referring to the rumors of a nationwide quarantine. “There is no national quarantine for the United States.”

The official added: “It’s important we remain vigilant in ensuring our information is coming from verified sources.”

The Associated Press reported that federal officials are describing the disinformation as part of a deliberate effort by a foreign entity to sow fears inside the U.S., though they did not specify which foreign entity may be involved.

The White House National Security Council took public steps to tamp down rumors, tweeting late Sunday that “Text message rumors of a national #quarantine are FAKE.”

“There is no national lockdown,” the NSC tweeted. “@CDCgov has and will continue to post the latest guidance on #COVID19. #coronavirus.”

Acting Deputy Homeland Security Secretary Ken Cuccinelli also weighed in Monday, warning against “serious” disinformation.

“Hey folks, we’re not shutting down the United States,” Cuccinelli tweeted Monday. “Lots of serious mis-information being peddled out there!”

Katie Miller, press secretary for Vice President Pence, also shot down rumors of a nationwide “curfew.”

“This is not correct,” Miller tweeted in response to a reporter on Twitter.

Meanwhile, the Department of Health and Human Services reportedly was hit with a cyberattack on Saturday. Bloomberg first reported the attack, which was aimed to slow the agency’s computers. Bloomberg reported that the attack did not have any meaningful impact but was part of broader "disruption and disinformation" efforts. The NSC tweet reportedly was related to the hack and disinformation concerns.

The FBI declined to comment on the attack.

One source told Fox News that the attack was “likely” a “state-sponsored attack.”

The warnings come as the nation, and the world, grapple with the novel coronavirus, which causes COVID-19. The World Health Organization designated the virus as a global pandemic last week.

President Trump announced a national emergency on Friday. The president also announced a temporary halt on air travel to the United States from Europe, now including flights from the United Kingdom, but excluding those carrying cargo.

The announcement came as major sporting and other events were called off or postponed, businesses across the country instituted telework policies, government buildings and schools shuttered and other disruptions rocked the nation, amid efforts to curb the transmission of the virus.

The Federal Reserve also slashed interest rates to near zero and said it would buy $700 billion in Treasury securities in an aggressive step to insulate the U.S. economy from the pandemic.

The outbreak is believed to have originated at an animal and seafood market in the city of Wuhan, China.

As of Monday morning, there were more than 3,700 confirmed cases of coronavirus in the United States, in 49 states, including Washington, D.C. The U.S., so far, has seen 68 coronavirus-related deaths.

For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus.

According to WHO, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.

https://www.foxnews.com/politics/trump-administration-warns-of-foreign-disinformation-campaign-amid-coronavirus-outbreak

DELTA: LOL

Frank26:  3-16-20. HOW WOULD YOU EVEN KNOW THAT ???

This video is in Frank’s opinion

Monday Conference Call: 605-313-5164 PIN: 156996#

Playback Number: 605-313-5163 PIN: 156996#

Livestream: https://livestream.com/frank26

https://www.youtube.com/watch?v=CoolYJPL_c4

Delta and KTFA Members "They Let The Cat Out Of The Bag!" 3-16-2020

KTFA:

DELTA:  FAMILY...THEY LET THE CAT OUT OF THE BAG.........THEY ARE SAYING THEY ARE CLOSING TRADING FOR ONE WEEK BECAUSE OF CORONA...THEN  THEY ARE SAYING  COMPANIES TO COMPLETE FINANCIAL ADJUSTMENT...THANK YOU SUPER SAMSON YOU FIND ANOTHER HUGE AND AMAZING ARTICLE

Samson:  Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow

16th March, 2020

The Iraqi Stock Exchange announced that it would not organize trading sessions and stop trading activity in securities as of tomorrow.

Translation....

Based on the decisions of the health crisis of 2020/3/15. The Board of Governors decided not to organize trading sessions and the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them - starting again on 2020/3/24.   LINK

Youndsc:  Hey Brother Delta im wondering, the CBI is doing so much talking but the GOI is so slow. Dont we have to wait for a new PM along with a seating cabinet before the CBI brings us a new rate??? I just find it confusing that the CBI seems to be so far ahead of the GOI.  

DELTA:  THE FINANCIAL DANGER REQUIRED CBI TO MOVE FASTER....

MilitiaMan:  Oh!!! Man!!! They have to have things adjusted within that time frame above!! Everything needs to be done and dusted by then!!! IOO, they'll do this with Mahdi ioo EOS!! ~ WOW SAMSON YOU ROCK!! ~ MM      PS.. in other words we are getting paid!!!

DELTA:  Al Hareth Al For Money Transfer

 To all our valued customers

We would like to inform you of the disruption of the official working hours of all branches of al-Harith Arab Financial Transfer Company in Baghdad and the provinces from tomorrow, Tuesday, March 17, 2020 until the ending of the curfew.

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DELTA:  Al Hareth Al For Money Transfer

Where is the money printed?

 The money is printed in the official government printing presses, which include the central exchange press, or the public minting and issuing of the product, and the printing process is done in a very private and confidential manner, and the cash authority determines its exchange rate after printing. Directly by linking it to a fixed value such as minerals such as gold, or hard foreign currency such as dollars or euros, and then the cash is issued for public trading through commercial terminals, until it reaches people and It's used in all public activities.

Samson:   Parliamentary finance calls for restructuring the state sectors and postponing the payment of foreign debts

16th March, 2020

On Monday, the Parliamentary Finance Committee called on the government to restructure and better organize the country's sectors and defer the payment of foreign debts.

"The government is required to restructure all its sectors and regulate them to control their expenditures, especially with the sharp decline in oil prices," said committee member Jamal Kouger.

Cougar called for "the necessity of estimating the price of oil in the 2020 budget according to current prices."  LINK

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Patrick73:  Iran`s fiscal year starts 21 March...and now probably Iraq ?
if nothing happens by then, we are in for a long wait...IMO

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Don961:  Crisis Cell decisions strict week curfew and free internet: stay home

2020-03-15

Follow Iraq:

The Crisis Cell government announced the problem to face the spread of the Corona epidemic in Iraq, today, Sunday, a set of new decisions stressing a curfew within the provinces and stopping movement between different cities.

A cell statement, seen by Yassin Iraq, said, “To prevent the exacerbation of the epidemic crisis in Iraq and to preserve the safety of our citizens from disease and in line with the recommendations of the World Health Organization, which requires taking all preventive measures and precautionary measures aimed at protecting people from the risks of the epidemic, and following previous decisions ”

The committee’s decisions stated:

The imposition of a curfew in Baghdad in a comprehensive manner, starting from Tuesday, 11:00 pm, March 17, 2020, until 11:00 pm, on Monday, 23 March 2020, and the suspension of official working hours in all ministries, governmental and non-governmental institutions, with the exception of the security, service, health, and authorized media With her work, diplomats and the commercial movement of goods and food.

The relevant authorities should conduct sanitation campaigns and health visits to areas identified by the health departments in Baghdad.

Governors are empowered to impose curfews in their governorates.

Suspension of flights from Tuesday 17 March 2020 to Tuesday 24 March 2020.

The Ministry of Communications is increasing the internet capacities entering Iraq through the companies contracting with it, ISP, and working to reduce prices for a month, which can be extended, and to give free capacities determined by the ministry.

Emphasis on stopping movement between governorates.

Emphasizing the honorable citizens in all governorates, following the procedures, medical directions and guidelines, including avoiding attending gatherings and mixing, and staying in homes except in cases of necessity.

The relevant authorities should implement the above decisions.   link

Samson:  Basra imposes a 7-day curfew

13:48 - 16/03/2020
Basra Governor Asaad Al-Eidani announced, on Monday, the imposition of a curfew in the governorate from this evening until Sunday morning to prevent the spread of Corona, indicating that the embargo has brought into service and security authorities.

Al-Eidani said in a statement, which received / information / a copy of it, "The crisis cell in Basra Governorate decided after its meeting to face the Corona crisis, imposing a comprehensive curfew for a week."

Al-Aidani added, "The imposition of a curfew in the governorate from Monday evening until Sunday morning to prevent the spread of Corona," noting that the decision induces security forces and municipal and health cadres to maintain services in the province.    LINK

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Samson:  Oil is declining again as demand is hit by the Corona Virus and the price war continues

16th March, 2020
Oil fell on Monday with the failure of an emergency cut from the Federal Reserve (the US central bank) to interest rates in calming the global financial markets afflicted by panic from the rapid spread of the Corona virus, while adding a price war between major producers to a growing supply glut.

Brent crude fell 2.07 dollars to 31.78 dollars a barrel by 0729 GMT, to continue a decrease of 25 percent recorded last week in the largest weekly decline since 2008. And opened a month contract closest benefit to rise, recording 35.84 dollars, but fell to a low level of 31.63 dollars. And US crude fell $ 1.38 to $ 30.35 a barrel after falling below $ 30 a barrel earlier in the session despite US President Donald Trump's pledge to fill the strategic petroleum reserve “from the end” in the world's largest crude consumer. "While this helps marginally, the policy regarding (the Strategic Petroleum Reserve) is dwindling compared to a market afflicted with the Coronavirus, a measure measured in months and compared to a price war that is expected to continue for several or more seasons," said Michael Tran, analyst at RBC Capital Markets. 

Tran explained that the strategic oil reserve stocks are 634 million barrels, which is only about 80 million barrels less than the capacity of 714 million barrels, and purchases from the government will only withdraw a global surplus for about 20 days, which is estimated by RBC. It amounts to four million barrels per day. The US central bank cut its target range for interest rates to near zero on Sunday in the second emergency cut this month, adding that it will raise its budget by at least $ 700 billion in the coming weeks in an attempt to calm tensions in the financial markets.

Oil prices came under enormous pressure on the demand and supply side, as fears of the spread of the Corona epidemic negatively affected demand, while fears of increasing supplies increased after Saudi Arabia raised its production and lowered prices to increase sales to Asia and Europe. This came after OPEC and Russia failed this month to extend a production cut agreement that had been supporting prices since 2016.  LINK

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Samson:  The US Federal Reserve ignites markets after the decision to cut rates to zero

16th March, 2020

The futures of the three major US indexes fell sharply (more than 4%) after the Fed decided to cut rates to zero

Also, oil futures contracts in the early Asian dealings also followed the US indices, Brent crude fell by 5% to $ 32.22 a barrel, and Nymex crude fell by 4% to $ 30.46 a barrel

While gold futures rose more than 2% to $ 1547 an ounce

It is noteworthy that the US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday, in a new and extraordinary step to support the US economy amid the ever-expanding Corona Virus pandemic worldwide, and launched a 700 billion dollar quantitative easing program LINK

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Samson:  The International Monetary Fund allocates one trillion dollars to prevent the collapse of the global economy because of Corona

16/3/2020 15:43:52

The International Monetary Fund’s Director-General, Kristalina Georgieva, today called on governments to take additional financial incentive measures to prevent the threat of the spread of the emerging Corona virus from causing long-term economic damage.

In a letter posted on the International Monetary Fund website, Georgieva said that the global lending bank has received requests from about 20 countries to finance the programs and will follow up on them in the coming days. She stressed that the International Monetary Fund is ready to give a trillion dollars from the treasury to lend and assist the 189 member states around the world. "As the virus spreads, the need for a coordinated and synchronized global financial stimulus increases over time," according to Reuters.

On the monetary policy front, Georgieva said central banks "must continue to support demand and boost confidence by easing financial conditions and ensuring credit flow into the real economy." According to the latest statistic, on Monday, the total number of Corona virus infections worldwide exceeded 170,000, while deaths due to the same virus exceeded 6500 deaths, and recovery cases

reached more than 77,700 cases, while China remains at the top of the countries that suffer most from the disease, followed by Italy and Iran.  LInk

MilitiaMan Sunday Night "Pray we are Witnessing a Blessing" 3-15-2020

KTFA:

MilitiaMan:  A few thoughts of mine on some on goings of late. I am not saying that I am not sympathetic to those that have died, become ill or may be vulnerable to become ill from any flu or COV-19 out there, as there are clear concerns for any one who may be compromised.

The sad thing is there is loss of life and now for a very odd showing is a hysteria driven progression of the COV-19 whipping the world up into hysteria. $ Trillions and Trillions of market cap globally has been lost to date.

I posted yesterday some stats I found from a news show that showed the H1N1 relationship to the present COV-19 stats. H1N1 was by far more deadly in death count than what we are seeing globally now, from what I gather. There was no world shut down back then! No supply chain disruptions! No shortage of TP, hand sanitizers, food, etc..!!! Nope there sure wasn't.

Why this time around? Is it political, is it economically driven to deflate an over bought market(s), is it a cover to create an environment to hide things that need a safety net for what may be being done to address corruption at it's highest levels around the world?

I don't know for sure, of course. However, the limiting of travel, limiting public comingling, may very well be part of the/a plan "" (if there is a plan) to keep things orderly and for a purpose under a possible guise to keep people close to home, therefore, easy to find or access if there is a concern or need to locate people of interest.

Plenty of reasons that support there are folks of interest in respect to corruption.. Many things are at play be sure. We all will have the pleasure or not so pleasurable ability to watch it unfold.

What also will be unfolding shortly is how the markets react next week or even later this afternoon. I have been watching the blood shed in the markets now for weeks.

The DOW at one point lost 31% heading into this Friday open from a top of about 29,500 at the Dows historical high, down to 20,300 at one point. 

It subsequently rallied back to close  2,000 points to present 22,800+-  . Why I mention this is the market may not be done yet in it's fall to a bottom.

What is interesting is the original scare of the CV rallied Gold and Silver whereas, the DOW started her free fall, yet Friday the President comes out and calls for the US to be under a National Emergency because of the COV-19 thus, having an opposite effect on the DOW, Gold and Silver.

But, wait.. The scare rallied gold and silver and the Dow dropped.. Isn't a national emergency confirmation the scare is real? How is that to affect things? Well, the biggest players in the world are CBs and Sovereign Wealth Funds. It is not Jonny Joe street trader that moves markets.

 And after a blood bath of 30+-% shock? Even the bigger private players are not going to move the markets in a very meaningful way in and under the circumstance.  Not a chance, as I see it.

So, if things play out like the week previous to this last Friday, back on Friday the 6th. A similar setting was played out. The 6th showed us a rally into the Friday close,  My view was it was not normal behavior.

As most players cover there positions during turmoil over weekends. Unless it is the Big Boyz (CBs). They have the money to move the world markets. My take is since it is atypical for the small commercials to go long into a weekend, it was short selling to bid the pricing up.

Proof of that came this last week as I described above. This last week saw the low of 20,400 at open this last Friday. It then rallied on the National Emergency by our President.

The limited thinking may have allowed the Big Boyz to have another short selling spree to drive the market up. A false Front. To only drop the Dow to new lows one more time possibly this next week. I suspect a move down to 14,500 is not out of the question.. Scary, yes! End of the world no.  Buying opportunity of a life time for us? Possibly in our cards.

One other possible scenario for the markets may be at play too. Trump knows markets and how they operate. He may have witnessed the 6th and read the tea leaves and allowed another set up to short into the markets by using the National Emergency bait.

The buying may have actually been short selling at the asking price to push up the market and in a big way. 2000 point move up is one large chunk of change to do that!! Trump told us yesterday watch the markets as a bounce is coming. Well it may very well bounce after this next larger push down to the floor and it may create a signal all has been accomplished by flushing out the over bought markets to an oversold position, to set us up a safe and affordable buy in time frame! 

We shall see. Keep in mind if it doesn't do like I think it will, short sellers if I am right and they in fact shorted Friday's markets, they have to be worried and big time.. Longs can lose 100% investment. Shorts can lose infinite amounts of money..

So, either way, if it rallies there is going to be pain for shorts, if not and markets again roll over there is going to be pain short term for the longs. But, on the horizon is a bounce. Just as Trump has told us.

How does this fit for the Dinar and us?

Well, the dinar has been clearly been given the green light to move. The auctions are to stop, and the value of the IQD is to rise, NSCNs and coins are said to be in place where they will be needed, Alak Gov at the CBI  has been effectively announcing the need to raise the value of the IQD over the last few days, etc..

The COV-19  is deadly to some as it can be, it is nothing compared to past bugs in shear volume or statistical  numbers, therefore, the nature of the hysteria, may be used to hide and usher in the new beginnings and with that a RI with the IQD will help support that bounce Trump has so kindly given us hope for..

Lets all hang in there and pray we are truly witnessing a blessing well deserved by us all. We shall see.  imo ~ MM

Pattycakes77:  Wonderful analysis MM. Kim Clement did say that the dinar will happen at the worst time, also when the dow  hits  20,000. This is the perfect window. I am hopeful for this week. Praying for all.

KTFA Members "News and Views" Sunday 3-15-2020

KTFA:

Samson:  Parliamentary Finance: Iraq is still in the stage of danger ..We sell oil for 27 dollars

14th March, 2020

Member of the Parliamentary Finance Committee, Ahmed Hama Rashid, confirmed on Saturday that Iraq is still in the red zone of danger due to low oil prices, calling for a speedy recovery.

Rashid said in a statement, which received / Mawazine News / a copy of it: "Today the price of oil has increased by about $ 1.50 and fifty cents, and the sale of Brent is at $ 34.72, which means that Iraq is selling oil at $ 7 compared to Brent, i.e. $ 27.72."

He added: "If we hit the full volume of the exported oil 3 million and 800 thousand barrels, then we get 32 ​​trillion and 26 billion dinars, then we are still in the red zone of danger, and therefore we must remedy it quickly."   LINK

Samson:  Human rights demand the suspension of working hours for 14 days

15th March, 2020
The Commission for Human Rights, on Sunday, asked the government to suspend work for 14 days.

"We call on the government to suspend working hours for 14 days and compel citizens to stay in their role," commission member Fadhel al-Gharawi said in a statement.

He stressed "the necessity to start field sterilization campaigns to preserve the lives of citizens from the risk of the spread of the Corona virus."   LINK

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Samson:  A parliamentary call to declare a state of emergency and permanently disable government institutions in the country

15th March, 2020
Called on the Parliamentary Health and Environment Committee, on Sunday, to declare a state of emergency for a limited period, while calling for the suspension of governmental and private institutions.

The committee said in a statement, which received / Mawazine News / a copy of it, that "from the standpoint of protecting the country from the regional and international environment that threatens the spread of the epidemic virus, we call on the government and the crisis cell formed by Diwani Order 55 for the year 2020, to declare a state of emergency for a limited period."

The committee also called for "disrupting the country's governmental and private institutions so that the state's capabilities may have the flexibility and ability to confront this imminent danger according to the available capabilities."  LINK

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Samson:  To start closing shops in Al-Kut for 10 days

15th March, 2020
A security source said in Wasit, today, Sunday, that the provincial police have started to close shops in the center of the city of Kut.

The source said in an interview with "Mawazine News", "The Wasit Police Command started today to close the shops in the city center of Kut."

The source pointed out that "the decision to close for a period of 10 days with the exception of food stores, pharmacies and medical clinics."  LINK

Samson:  Parliamentary finance calls for an emergency budget

15th March, 2020
The Parliamentary Finance Committee called for putting an emergency budget in the 2020 budget to avoid crises that hit the country.

Member of the Finance Committee Hanin Qaddo said, "Although Parliament has not yet received the budget in order to be able to rebuild it according to the current data with the fall of oil prices and the spread of Corona virus, and the commercial movement and transactions with the economy and the American attacks, the reduction of salaries in any way is not Possible alternatives should be found," he said, calling for "there to be a study of the 2020 budget at least to ensure the salaries of employees and retirees at this stage."

He added, "There are no contingency plans in all state institutions, as we did not have administrative units or emergency housing or for floods or displacement, which requires us to have a budget for emergencies, and all of these matters are related to creating a strong figure for the prime minister who overthrew the corrupt and imposes the law To all parts of the country, including the region, and works to restore the prestige of the state.”  LINK

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Samson:  The Central Bank of Iraq announces the allocation of 30 billion dinars to counter the Corona virus

15th March, 2020

The Central Bank of Iraq has announced the allocation of 30  billion dinars to counter the Corona virus in Iraq

The Governor of the Central Bank of Iraq, Ali Al-Alaq, said in a press statement, received by "Al-Iqtisad News", "Supporting the efforts of the state to confront the Corona virus with an amount of 30  billion dinars deposited in the bank account designated for this purpose, which was announced by the Deputy Prime Minister for Economic Affairs

Al-Alaq called on banks and the private sector to contribute to the campaign  LINK

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Samson:  Spain imposes a large fine on those who leave his home without reason

03/15 2020 16:34:02

 The Spanish government imposed a large fine on those who left their home without reason.

With the withdrawal of international media, "the Spanish government decided to impose a fine on those leaving the house without reason from 500 euros to 2000 euros." ($557 - $2228 USD at current rate of exchange)

As Spain declared a 15-day state of emergency and obliged citizens to stay in their homes to cope with the Coronavirus, which has spread widely.    LINK

ChrisC:  Some of you will choke on what I am about to say, but I would feel remiss if I didn't mention my most recent conspiratorial theory.  The panic over this virus is ludicrous and irresponsible given its lethality, however, it is a way to "encourage" people to go buy some supplies to help them through a few weeks of a tough time. 

1.5 Trillion was laid out in one night last week to handle the repo market and now even Glenn Beck is talking about it. 

Trump called all the banking heads in for a meeting last week and I believe it was how he was going to handle their imminent collapse.  If our government told its people that the banks were about to fail, there would be a run on the banks and it would be chaos and pandemonium in the streets. 

 If they go down and people have secured several packages of toilet paper, maybe they can make it during the time it will take to reorganize everything.  Who cares about food as long as you have toilet paper. 

This makes sense why the Marine Reserves were mobilized a couple of months ago and why the absurd panic over a souped up cold.  This is all my hair brained idea only backed up with a lot of experience, but it is just IMO.  Be sure you get some toilet paper but throw in a can or two of beans also.  

Mike4339:  There is obviously more behind this virus than meets the eye...I find it strange that all these businesses and school districts are closing until the end of March, or the first week of April. If the Corona Virus was so out of control, wouldn't you expect everything to be "Closed until further notice"? Oh yeah, IMO

Iggy:  do not forget the bank meetings...something more……imo

Goldenboy:  I went to five stores just to get toilet paper! The stores were full of food and people but all toilet paper gone, lol! It’s not even that kind of virus!

This was all predicted in a 1981 book from Dean Koontz called “The Eyes of Darkness” describing to the year 2020, the virus would come out in Wuhan China. Said it would be flu like. Would come and then disappear quickly.

This is a setup IMO for something big! Trump knew the corrupt media would jump on this based on their stupidity. Remember, he knows how to play them. He set the hook in the Rose Garden the other day! Imo, the next two weeks will be a roller coaster ride that we haven’t seen before.

What if, they use this time under a national emergency to arrest the corrupt politicians who for years have escaped justice while the common man isn’t allowed the same.

What if, you see a treasonous x president go down for an attempted coup.

What if you see the world currency switch to Gold backed and there is a global reset!

What if this has all been a game and they knew there would be some collateral damage to set up and complete this,but it they would rather have the weak and frail sacrificed instead of a mass chaos ending in countless dead world wide!

The stage is set, toilet paper in closet, popcorn in the microwave, let’s get this party started!

Iggy:  it's getting hot in here...put on your hazmat suit...let's spread some cheer...if you lock them all up, i will buy the beer...

DELTA:

Delta and KTFA Members Saturday PM 3-14-2020

KTFA:

DELTA:  YES I AGREE WITH YOU........ALAQ..........IMO......HE IS GOING TO DO IT...WOW MORE CONFIRMATION ................  

The Governor of the Central Bank, Ali Al-Alaq, revealed today, Saturday, that Iraq's external debts amount to about 23 billion dollars, while internal debts amount to about 40 trillion Iraqi dinars

 Al-Alaq said in his study on "Reducing the Iraqi dinar exchange rate, determinants and alternatives," and published by the official website of the Central Bank, that "the external debt of Iraq is about 23 billion dollars, except for the outstanding debt before 2003 of $ 40.9 billion," noting that "the internal debt amounts to About 40 trillion dinars represent treasury transfers and debits with government banks and the Central Bank of Iraq.

 The relationship added, “When a country is in debt and pays its debts and interest in the currency of the creditor country, the burden of the debts resulting from it in this case increases in the general budget of the state where a greater amount of its national currency is allocated to pay off its debt in foreign currency.” Continuing: “If the country is The debtor pays in its national currency (wink)  , because it pays the same amount of debts and interest. "

It is noteworthy that during the year 2014, Iraq borrowed after the drop in oil prices from financial institutions and organizations, in addition to borrowing from home by selling treasury bonds.

 https://www.alsumaria.tv/news/ 

Samson:  Economist: The barrel of oil will rise to $ 60 immediately after the end of the Corona crisis

8:59 - 14/03/2020
Economic and financial expert, Safwan Qusai, suggested, on Saturday, that oil prices rise to $ 60 immediately after the completion of the Corona virus crisis, indicating that Iraq needs to take a strategic road map to confront the crisis of the oil price collapse.

Qusai said in a statement to the "information", that "the world oil prices collapsed for two reasons, the first of which is the Corona virus, as well as the dispute between the oil-exporting countries, where the return to previous agreements will take place, while the price of oil will rise from 60 dollars to 70 immediately after declaring control of Corona." Noting that "the end of the Corona crisis will revive the markets after the Chinese factories resumed their activities."

Qusai added that "Iraq must take several strict and resolute measures to face the repercussions of the oil collapse, including investing a percentage of the Iraqi cash reserve of about 87 billion dollars in development projects."

He said, "Reconsidering the investment budget is very important and transferring projects to the private sector to provide private job opportunities," stressing the need to "reduce the increased dependence on the government in job opportunities."   LINK

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Samson:  More than 50 billion dollars to combat "Corona" ... What does it mean to declare a state of emergency in America?

03/14/2020 14:54:35

 US President Donald Trump announced on Friday a national emergency in the United States due to the spread of Corona virus in the country. The declaration of the state of emergency comes as one of the most important steps of the US administration to tackle the spread of the Corona virus, which has killed about 41 people inside the country.

What does an emergency declaration mean?

A state of emergency is a state that authorizes the US administration to carry out actions or impose policies that it is not normally permitted to do, and which it declares during disasters, civil disobedience, or armed conflicts and conflicts so that it alerts citizens to change their natural behavior and orders government agencies to implement emergency plans.

In 1976 a "National Emergency Law" was signed aimed at preventing the imposition of open-ended emergencies and strengthening the powers of Congress to monitor the president's powers under these conditions. The law allows the president to spend tens of billions of dollars to stop the state of emergency that could have been spent differently.

The President shall assume the powers conferred on him by the Stafford Act 1988, which enables the President to use disaster relief funds and other emergency assistance funds with the approval of Congress.

The Stafford Act allocates billions of dollars in funds to test kits for viruses, drugs, and other medical supplies, and even food and water, upon state requests.

 During the emergency announcement, Friday, Trump said the law would open the door for more federal aid to combat the virus, which could reach $ 50 billion.

He added that the administration will abandon the rules that govern the place where patients receive treatment, as well as the rules that govern the number of hospital beds that can be located in one place. Trump also mentioned that Google is developing a website that will make it easier for Americans to check out the new Corona virus. The US administration expects to provide 1.4 million tests by next week, and another five million by next month.

What happens when declaring an emergency?

In the United States, the president can declare a state of emergency at the national level, making 500 federal laws in effect. 

Governors of states or mayors can declare a state of emergency that covers only their state. The application of the emergency varies from country to country, but the measures that the government can take after the declaration of the emergency are: It is noteworthy that since 1976 each US president declared at least one national emergency, and former President Obama declared a state of emergency in 2009 during the swine flu epidemic.

Trump was criticized for declaring a national emergency at the US-Mexico border in 2018, when billions of dollars were spent on spending to build a wall along the border. It is noteworthy that the number of confirmed cases of Coronavirus in the United States exceeded, as of Friday noon, 2000 confirmed cases, while the number of deaths rose to 41 deaths.   LINK

ChrisC:  41 people dying is a National Emergency??  More people probably die from spoiled food than that.  This is a psy op to the MAX people.  My kid's schools have closed for two weeks with NO KNOWN CASES!  Two weeks?  What is supposed to happen then?  All that is happening is an extended spring break. 

If it is a pandemic sweeping the country, it will just be WORSE in two weeks, but school is scheduled to start back up then.  Remember the mobilized Marine Reserve Units?  It is all tied together IMO, and 1.5 TRILLION was dumped by the Fed Reserve to the banks to keep them liquid about four nights ago.  The game is afoot.

This just perfectly shows how the right words and images can freak reasonable people out.  The CDC says WORST case scenario 1.5 million dead from 175 million infected.  THAT'S NOT EVEN 1% mortality!!!  Now Ebola was something to worry about but nobody freaked when some cases broke out in the US, but we are shutting schools and stopping trade over something that is not even as lethal as FLU?!?  We are being played for some reason.  

BillA:  Agreed!!!! I'm not much into conspiracy theories but this thing just doesn't pass the smell test..........What is being hidden?

Josie:  I saw a phrase this morn, in regards to the happening,,it was "Global Cleansing"    ??

Don961:  Trump: We prepare ourselves for the worst case scenarios regarding the Coronavirus

Politics 03/1420 19:28 101 Editor: ht   
Baghdad today - follow up

US President Donald Trump on Saturday (March 14 2020) stressed that the United States is preparing itself for the worst-case scenarios regarding the Coronavirus.

"America is using the power of the federal government to defeat the Corona virus," Trump said at a news conference, noting that "the United States is in an excellent financial position now and the Federal Reserve will do what it needs to do."

"The United States is preparing itself for the worst case scenarios regarding the Coruna virus and we have 50 deaths so far," he added.   LINK

MilitiaMan and KTFA Members Friday PM 3-13-2020

KTFA:

DELTA/ Samson:  Reducing the Iraqi dinar exchange rate – determinants and alternatives

https://cbi.iq/news/view/1463

MilitiaMan:  This  is effectively the opposite of the plan. The why and why not to devalue. Imo!~

The Samson / Delta post in my view is telling us the CBI has explained they are not going to devalue for many reasons. The thing I like is that they use the reasons that support the opposite to occur.

They haven't come this far with the reforms to devalue. They are not of the mind at this juncture to hurt the citizens. That imo would be suicide.

They clearly see that revenues are in a pinch with oil down. Therefore, imo with out them saying as much they are saying with out saying they are going to raise the value. 

The negative side of the equation, is devaluation, the positive side is revaluation, imo.. They  have the money printed and ready to go, they have the tools in place to facilitate the transition.. imo.. ~ MM

Don961:  agreed .. imo ...Alak is saying cover that deficit by expanding their economic horizons ... get rid of the corruption and stealing at the borders ...and elsewhere ...  stop importing cheap goods and support local industry and agriculture ... stop wasting natural gas and other natural resources ... reign in salaries ... collect those taxes ... utilize real estate ...etc .. lowering the dinar value will not help all that

MilitiaMan: Thank you and I am pleased to see there are many of us that feel the same way! The CBI is supporting the view, too. They just say what they need to say about MRs, they just do it with out directly saying it.. A sort of "GREENSPAN - EASE" if you will. They have an inferred obligation to educate the citizens, yet, the delivery of that education is not the issue.. It is they have delivered it or are in the process of doing so.. imo ! ~ MM

Coco:  Pre-Market Trading:  DOW down 615 to 20,470.  Friday is going to be ugly in the markets.  

Harley1:  you may be right....Also remember, Kim Clement prophesied not only 20,000 (I never thought of 20,000 on the way back down) but also when things appear to be at their worst is when it would happen coinciding with a financial breakthrough in the middle east which I guess would be around the corner....so it's looking like all things are coming together right about now.  Travel industry (airlines, hotels, cruise, etc), entertainment industry, economies around the world, all on the brink of collapse right now in the middle of and due to a worldwide pandemic. May not be so far off after all.

ChrisC:  This is looking almost exactly like I thought it would, minus the empty toilet paper aisle.  I think we are looking at 15K unless something really impressive happens.  This will be great in the end if everybody can just relax and see the good side.  Trump tried to do this the easy way but they didn't want to play so I am imagining him as Nature Boy Rick Flair slamming some head into the turnbuckle and putting someone in a sleeper hold.  Maybe as one of the Freebirds.  They are going to RV soon and when the market hits 15,000 then everyone can get ready to get way richer than they were as long as Trump resolves the bank situation first.  Who knows, if they don't head off the stampede it may go even lower.  When cattle get scared, it is really hard to calm them down.

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

Don961:  Sources: The President of the Republic sets a "final" deadline for submitting a candidate for prime minister

 Policy  ,   03/12/2020 17:22   Baghdad - Iraq today:

Well-informed Iraqi political sources said on Thursday that President Barham Salih had given the Shiite blocs until next Monday to agree on a new candidate for prime minister.

And quoted an "informed" political source that "Iraqi President Barham Saleh gave the Shiite political blocs until next Monday, to agree on the nomination of a new prime minister for Iraq so that he could assign him."

He added that, "Saleh sent during the past two days to the Shiite leaders concerned with the nomination of a new prime minister, a message urging them the importance of reaching a candidate no later than next Monday, which is the end of the constitutional deadline of two weeks to assign a new candidate."

The source quoted Saleh as affirming his "clear" assertion in his letter that "the end of the constitutional deadline means a constitutional violation that cannot be justified under any pretext, in addition to that article 76 of the constitution gives the president of the republic the nomination of whom he deems appropriate, regardless of the largest number of parliamentary bloc."

The source pointed out that “the president of the republic, to whom the constitution offers this option, may resort to it because he takes into account two basic issues. The first is that the position is from the share of the Shiite component, and therefore he does not want to be in any way a party to this conflict, and the second is that he takes into account the situation The complex composition of the Iraqi parliament that represents the different Iraqi ethnic, religious and sectarian components.

He continued, saying, "Therefore, any candidate cannot gain confidence from within Parliament unless it is agreed upon within the Parliament itself, at a time when these blocs are witnessing a sharp division due to the repercussions of the political situation."

He pointed out that “in light of the failure of the Shiite leaders and leaders to resolve its final position on this issue,” among the options presented in the event that the nomination of a new personality for the post was not reached, after the apology of the former commissioner, Muhammad Tawfiq Allawi, to reassign the resigned Prime Minister, Adel Abdul-Mahdi, In light of the semi-American-Iranian consensus. ”   LINK  

MilitiaMan:  Sorry, these guys and gals seem to think the world is stupid, ignorant and blind. There is imo no reason other than blatant corruption that the Citizens and nation as a whole has not been given the opportunity to play on a level playing field..

They are getting hosed everyday the RI doesn't get implemented.. How much are they going to take. Demonstrations are one thing? Yet, they know there is another level to be had. Will the citizens decide to force their rights? 

Sadly, they seem to not want to, to the extent that gets Purchase Power.. The bull has a ring in it's nose, it just needs to be pulled hard enough.. Timing is always at play!! imo.. Good luck to you Iraq.

Sadly, after all this time we still have to pray for you. A hand up has been given, imo.. The infidels have a virus? The neighbors of Iraq are the isolated ones globally, by and on their own.. Go figure., We shall see if this even has any legs... imo ~ MM

Samson:  The Iraqi budget is based on the price of a barrel at 56 dollars and the current rates do not exceed 25 .. What are the solutions?

12th March, 2020

Former Iraqi Oil Minister and oil expert, Issam Chalabi, suggested that Iraq would lose tens of billions of dollars due to low oil prices due to the Russian-Saudi dispute and the lack of agreement of the Organization of Petroleum Exporting Countries "OPEC" and Russia to cut production.

Chalabi said in an interview with local media and followed him "obelisk" that Iraq had set the price of a barrel of oil at 56 dollars per barrel for the current year 2020, but Iraqi oil will be within the levels of these days up to no more than 25 dollars per barrel, which means that we are facing a decline A large oil revenue could reach tens of billions

Russia's breach of its agreement with OPEC to cut oil production prompted a Saudi move and flooded the market, causing a sharp drop in prices and recording the largest daily decline in nearly three decades

The meeting of the oil-exporting countries "OPEC" ended last week without reaching an agreement on the amount of production cut proposed by Saudi Arabia, which was up to one and a half million barrels per day of the organization's production, so that the spread of the virus does not undermine what was reached in 2017 To maintain stable prices in a market where there is a surplus in production, Russia refused

Chalabi said that "the dispute prompted Saudi Arabia to take two main steps, the first of which is to increase rates that raise its current production by more than 9 million barrels per day to reach more than 10 million barrels and may reach 12 million barrels per day

He added that the second step taken by Saudi Arabia is to offer its oil in Asian markets at prices 6 to 8 dollars lower than the prices prevailing at the time

He pointed out that these steps led to a decline in prices in Asian markets up to $ 31 a barrel for North Sea oil "Brent" and up to $ 27 for US oil, which led to a significant drop in oil revenues for member states, especially for Iraq, which has no room to compensate for these. The lost amounts

He explained if we remember that the average price of oil calculated in the budget of Iraq for the previous year, which extended its impact to the budget for the current year 2020, is $ 56 per barrel, then Iraqi oil will be within the rates of these days, with limits not exceeding $ 25 per barrel, which means a significant reduction in revenue Oil may reach tens of billions

Chalabi warned that Iraq’s loss of tens of billions of dollars due to the loss of a large amount of oil revenues will greatly affect the provision of services, medicines and food, at a time when the country needs all the available funds to face the spread of the new Corona virus

Chalabi said that the effect will be significant on the operational budget, especially since there is not already an investment budget in Iraq, especially perhaps to provide salaries for the 7 million employees who receive monthly cash from the Iraqi government unless the state takes measures that are borrowing internally or externally. That this solution also needs time to implement it

Chalabi described the situation as "catastrophic" for Iraq, especially as it is going through critical political conditions as a result of the political blocs calling for positions and not forming a government that meets the demands of the people, noting that the only solution is to radically change the political process in Iraq and seriously consider the Iraqi economy and change the method of state administration

LINK

KTFA Members "News and Views" Thursday PM 3-12-2020

KTFA:

Samson:  Former minister: Iraqi dinar on the way to "float"

11th March, 2020

The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating, in light of the sharp decline in oil prices, while noting that employees should expect that during the coming days their salaries will be deducted.

"The continuation of monetary policies and the current government in the same contexts with the sharp decline in oil prices will be catastrophic, and the employee should expect to deduct his salary, perhaps for half, or exchange part of his salary every two months," noting that "the next stage may witness reduced employee salaries, deductions and taxes to reduce the budget deficit." 

He added that "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar to obtain additional funds estimated at 4 trillion dinars in the budget and this matter has advantages because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive."

He added, "We are afraid of a government decision to reduce the price of the dinar against the dollar to 1300 or 1350 in the event that the drop in oil prices is catastrophic. This float will cause the price of commodities to rise and burden the citizens. The state may use it to reduce the budget deficit."

Abdul-Jabbar continued, "The government's decision to place customs and other exemptions to remove visa amounts with some neighboring countries has harmed Iraq and contributed to preventing the entry of important revenues to the state," noting that "since 2018, he warned of low oil prices in 2020".

He pointed out that "the advisory base available to the Prime Minister is not qualified to deal with major crises, especially those related to low oil prices." He added that "the current advisers are friends of the Prime Minister, one of them told me: whoever understands his work with specialists will not enable him to reach the Prime Minister." Because it will take the place of others."

And Abdul-Jabbar said, "The recent appointments made by the Prime Minister killed the state and burdened its finances, and there is a 200-square-meter department with 270 employees."  LINK

Dan:  If rates have been recalculated, recalculated, and recalculated again, and again.
If the International world knows about it and is ready, the stock exchange is ready for it
If world banks know about it and everyone is ready with the big 4 in control...
They have done a lot of work and constant ongoing meetings...
I can't believe all of this is for a float...  the math doesn't add up to help Iraq at a float  IMO

DELTA:  The parliamentary economic and investment committee has put forward recommendations to avoid iraq's risk of a looming global economic crisis after the collapse in oil prices and the spread of a virus in most countries of the world.

 The recommendations included:

1. Stop investment spending and reduce operational spending in all aspects of government activity immediately.

2. Agreement with creditors to postpone the repayment of Iraq's external and internal debt until the financial situation improves.

3. Obtaining state debt on mobile phone companies and telecommunications companies.

4- Stop making payments to investors for the electricity sector.

5. To strengthen government imports and to provide the Treasury with the value of exports of crude oil and border crossings.

6- Review the exchange rates of the Central Bank of Iraq in order to secure prices that do not affect the citizen and at the same time secure the salaries of state employees.

7- The formation of a high committee to enforce the management of Iraqi treasury funds and follow up the ministries, agencies and institutions that are required to pay the funds that are obliged to collect them to the public treasury.

8- Any other measures the government considers necessary in maintaining hard currency and preventing waste of spending.

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

DELTA:  Iraq today witnessed the holding of two meetings of the first economic ministerial council and the second a special meeting on the deterioration of oil prices, and discussed solutions to secure the salaries of employees and mitigate the effects of the fall of oil on the Iraqi economy

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

Samson:  Trump announces unprecedented decisions to tackle the Corona epidemic

12/3/2020 09:02:30

US President Donald Trump has suspended travel from Europe to the United States in an attempt to counter the spread of the Corona virus.

Trump announced in a televised speech on Wednesday that travel from Europe will be suspended for thirty days. But he said that "strong but necessary" restrictions would not apply to the UK, where 460 cases have been confirmed so far.

 There are 1,135 confirmed HIV infections in the United States, with 38 deaths. "To prevent new cases from entering our territories, we will suspend all flights from Europe to the United States for the next 30 days," Trump said. "The new rules will come into effect at midnight on Friday."

Trump also urged Congress to pass tax relief measures in an effort to combat the impact of the spread of the Corona virus on the US economy. "I call on Congress to immediately provide Americans with a tax exemption," he said.

Officials say the risk of infection was lower for American citizens, but the country's general concern has worsened after confirming that the number of casualties has increased rapidly in recent weeks. A relentless containment effort was launched as the administration dispatched forces to New Rochelle, north of New York City, where the outbreak was believed to have originated. The National Guard will deliver food to some individuals who have been asked to isolate themselves there.

The governor of Washington state prevented major gatherings in a number of areas. The northwest state is the focal point of the disease in the United States, accounting for 24 deaths out of 38 in the country.

The director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, to Congress, "The situation will get worse" and it depends on the possibility of containing the injured. Many Americans avoid doctor visits because of the costs they cannot afford. In addition to the lack of availability of paid sick leave is another reason for concern, and there are concerns about the number of examination devices available.

But Vice President Mike Pence, in charge of the team that coordinates the management of the crisis, he said he could examine any American, without restrictions, depending on the doctor's orders", although insurers have promised to cover.   LINK 

PRESIDENT TRUMP'S ADDRESS TO THE NATION VIDEO

Samson:  The US Congress closes the House and Senate due to Corona

17:18 - 12/03/2020

On Thursday, the US Congress decided to close the buildings of the House and Senate to the public until April, due to Corona, according to US media.

US President Donald Trump confirmed earlier Thursday that his country would ban travel to European countries, with the exception of Britain, starting Friday, and for 30 days to counter the spread of the Corona virus.

The European Union objected to US President Donald Trump's decision to ban European citizens from traveling to Washington DC due to the outbreak of the Corona virus, which has turned into a global pandemic.   LINK

Cleitus:  Can someone bring over Kim Clement's prophecy of Dow hitting 20,000...  Thanks

7-FA:  https://youtu.be/aEQ205aWaX0?t=5

Samson:  How do central banks face the repercussions of the Corona virus?

11th March, 2020
As the new Corona virus continues to claim lives around the world, governments are striving to reduce the effects of the disease on their economies, by directing central banks to take a number of precautions.

The latest of these moves was from the Bank of England, which cut interest rates fifty basis points to interest rates one quarter of a percentage point, also revealed a reduction in capital requirements for banks, and the provision of a support package for medium and small companies that could reach 100 billion pounds. As for the US Federal Reserve, on March 3, it cut interest by 50 basis points, in a sudden step that has not been recorded since 2008, and this step came before its official meeting to be held on the seventeenth and eighteenth of March.

The Chinese central bank began these moves to face the consequences of the virus, in February, when it reduced the main lending rates for one year to about 4.05 percent, and the move was also preceded by reducing interest on medium-term lending rates. As the ramifications of the virus expanded in recent weeks, movements from other central banks, such as the Australian Central Bank, recorded a rate cut by about a quarter of a percentage point to 0.5 percent. The Canadian Central Bank also cut interest by about fifty basis points, confirming its readiness to do more reduction if required.

All eyes are directed towards the upcoming meetings and steps, especially the US Fed meeting, as markets are priced on the basis of a significant rate cut by the bank that could reach fifty or perhaps seventy five basis points. Everyone is also awaiting the European Central meeting, especially after the statements of its President Christine Lagarde, which indicated that Europe faces the risks of an economic shock similar to the global financial crisis in 2008 if the leaders do not move urgently to contain the repercussions of the Corona virus.   LINK

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

Samson: :  A Saudi newspaper reveals an almost American-Iranian agreement to keep Abdul-Mahdi

09:41 - 12/03/2020
The Saudi newspaper "Al-Sharq Al-Awsat" revealed, Thursday, that there is a near-American-Iranian agreement to re-assign resigned Prime Minister Adel Abdul-Mahdi to head the government again. "The President of the Republic, Barham Salih, sent a message to the Shiite leaders involved in the matter of the nomination of a new prime minister during the past two days, a message urging them the importance of reaching a candidate no later than the next Monday, which is the end of the constitutional deadline," the newspaper said in a report seen by the information. It is two weeks to assign a new candidate. ”

The source added that “Saleh clearly affirmed that the end of the constitutional deadline means a constitutional violation that cannot be justified under any pretext, in addition to that article 76 of the constitution gives the President of the Republic the nomination of whom he deems appropriate, regardless of the largest number of parliamentary blocs”, noting that “President The republic, which the constitution offers this option, may resort to it because it takes into account two basic issues. The first is that the position is from the share of the Shiite component, and therefore it does not want to be in any way a party to this conflict, and the second it takes into account the status of the complex composition of the Iraqi parliament that represents Different Iraqi ethnic ingredients Religious and sectarian, and therefore any candidate can not gain confidence from within Parliament unless it is agreed upon within the Parliament itself, at a time when these blocs are sharply divided because of the repercussions of the political situation.

The newspaper pointed out that "among the options offered in the event that a new candidate for the post was not reached, after the apology of the former commissioner, Muhammad Tawfiq Allawi, to reassign the resigned prime minister, Adel Abdul-Mahdi , in light of the near-US-Iranian consensus." 

LINK

Don961:  Iraq ... a country of lost opportunities (1)

- 8 Hours Ago

If we see a movie, from its end to its beginning, we will be able to discover the reasons that shaped the fate of its heroes; this is also the case with individuals and societies on the ground.

When we look closely at the structural crisis that exists in Iraq now, we discover that the reason lies in the failure of the political system established by the United States after its invasion of Iraq in 2003, by providing primary services to a people whose population today reaches 40 million, despite the huge wealth that came from exporting oil , And lifting international sanctions imposed on him since Saddam Hussein's invasion of Kuwait on August 2, 1990.

This failure was only due to the occupier imposing a system similar to the United States system on a country whose people just got out of the surgical operation room and is still drugged, after absolute authoritarian rule, during which he knew three major wars, during which more than a million Iraqis were killed, and he lived an economic blockade that lasted for more A decade ago, it was sufficient to destroy the education and health systems in which Iraq has achieved, and through a relentless accumulation that began since the establishment of its state in 1921, a qualitative leap compared to many countries of the third world.

Those who left school behind as children to help their families during the years of the blockade will become fighters in the militias that emerged after the dissolution of the military and security services by the American civilian governor, Paul Bremer.

Just as the British occupiers imposed a system similar to the British political system after the establishment of the State of Iraq, during the years of the mandate that ended in 1932, American occupiers imitated the version of the system prevailing in the United States, taking into consideration the three main components: Shiites, Sunnis and Kurds. This means avoiding imposing a presidential ruling as is the case in their country and accepting a parliamentary system in which the executive authority is in the hands of the Prime Minister, while the presidency of the republic is honorable and ceremonial.

Just as the British established a constitutional monarchy based on the separation of the three powers: judicial, executive and legislative, and members of the last authority are elected every four years, and there is a public press a fourth authority, the Americans repeated the same version with a republican system this time, as in the United States, from Without taking into account the complex demographics of this country.

It can be said that the occupiers, British and American, did not take into consideration two facts: The first is that the democratic system in the West came (often) after the formation of a strong, effective and integrated state in its activities, functions and services. Without this, any country will turn into chaos, if an investigation enters The task of establishing a real democratic system with the task of building the modern state. The second is that people in countries of racial, tribal, and sectarian diversity, such as Iraq, do not vote in any elections, whether local or national, on the basis of their personal interests and those of their families, but rather on the basis of their affiliations that were born with them, from religious to racial to tribal to ethnic Therefore, the elected people will not represent individuals on a national basis at all. This evolving pattern of political system produced multiple organic crises during the monarchy and the era that followed the US invasion of Iraq in 2003.

Likewise, there are similarities in both cases: both of the new systems were established on the rubble of an oppressive authoritarian regime, in which there is no response to the opposition other than killing, torture, and displacement. It is in the spirit of dominating the nations and other societal entities of the ruling Turkish nationalist elite, and following the methods of excessive violence and genocide if necessary against it, and what were the executions carried out by Jamal Al-Saffah, the governor of Syria, against Syrian and Lebanese intellectuals after mock trials during 1915 and 1916 in Damascus Beirut is only an example of the nature of Ottoman rule, even after the removal of the religious veneer and the replacement of purely Turkish nationalism in its place.

This is also the case in Iraq until 2003, as the iron fist of President Saddam Hussein, with his “revolutionary” courts and his intelligence and security services, was on the lookout for every dissenting voice.

After 1921, the press flourished in Iraq, although the illiteracy rate was very high. After 2003 magazines and newspapers reached a record, and in both periods criticism of power became a right recognized by the constitution.

This is also the case with the ruling elite in both phases: after 1921 King Faisal I relied on the Iraqi officers who defected from the Ottoman army and joined the Arab revolution that was led by Faisal bin Al Hussein at the start of World War I, and after France's occupation of Syria in 1920, and King Faisal’s exit From them, these officers returned with him to Iraq and contributed to the establishment of the young state with him.

As for the new ruling elite after 2003, most of its leaders have lived in exile since the late 1970s, some of whom were in Iran, others in Syria, and others in European countries, most notably Britain and France.

The difference between the two elites lies in two elements:

The new ruling elite in Iraq in 1921, including King Faisal himself, had a national orientation, seeking to build bridges with popular components, and the inclusion of its representatives in governance, despite the conservative position of the Shiite authority on the new system.

With the advent of the fifties the political map, whether in relation to the opposition or power, had changed dramatically, it became beyond the confessional and ethnic boundaries. The last prime minister of an Iraqi government that was formed in the royal era was a Kurd, Ahmed Mukhtar Baban, while Abdul Karim al-Azri, a Shiite, was the Minister of Finance for the Hashemite Union. This situation applies to the opposition as well.

The division between the representatives of the Authority and the opposition was based on the position of the two international blocs fighting during the Cold War that prevailed after the end of World War II until the fall of the Berlin Wall in 1989, and on the position of the treaty linking Britain to Iraq.

As for the political elite that came with the British occupation and the protection of its soldiers, it was mostly loaded with a sectarian or ethnic orientation (for Kurdish leaders). Patriotism: As for the Kurdish leaders, the Kurdish state’s project was their primary concern and ensuring that the largest possible area of ​​Iraq’s body is extracted to be included in their future separate entity.

It is as if the national project for the ruling elite that the American occupation brought about is more than an end in itself, as was the case in 1921.

Therefore, quotas came in the formulation of all state institutions to embody this sectarian-ethnic yearning.

However, the eight years in which Prime Minister Nuri al-Maliki, leader of the Shiite "Islamic Dawa" party ruled between 2006 and 2014, demonstrated the seriousness of this approach, which led to the emergence of a failed Iraqi state in a well-deserved way. As the ministries have turned into isolated islands from one another, they primarily serve the interests of the minister and his work team, which is mostly family members, relatives, and friends.

As if the sectarian-ethnic card is itself a means of personal benefit and forms cooperative mafias among them that includes these three components themselves: Shiites, Sunnis and Kurds.

With the loss of the bureaucratic mechanism that the Iraqi state has been following since its foundation, which is a local version of the British government apparatus, the devastation, unemployment, electricity crises, and others have deepened day by day.

This is in contrast to what happened after 1921 from the rapid growth of the structures of the emerging state and the immersion of a large number of political leaders in playing a positive role in its development. We find that what happened during the eight years in which Maliki ruled, the opposite. The explosion of civil strife that claimed the lives of a large number of the people of Baghdad without any reason, except for the sectarian background, then this period ended with the occupation of a third of Iraq by the terrorist organization "ISIS". The main reason was that the military commanders assigned to defend the country were not qualified, because they were chosen, not on the basis of real professional standards but rather on a purely sectarian basis.

The other difference between the two occupations is that the former faced widespread popular rejection when he wanted to impose direct rule on Iraq after the British forces entered Baghdad in 1917, and this consensus united the city people, clansmen, and elders, and the revolution of 1920 culminated in this unity in rejecting the British project, which was intended Iraq joined his administration in India.

As for the American occupation of Iraq in 2003, its soldiers faced a strong resistance since their first breach of the Iraqi borders, which they were able to eliminate thanks to their sophisticated weapons and the decisive role of American aviation, but the occupation of Iraq cost them a lot later. .

Another important difference between the two countries that came in the wake of a foreign occupation of Iraq: In the first case, King Faisal I (known for his wisdom and charisma) benefited from the British presence and the treaty linking his country to the United Kingdom in protecting the borders, when the number of members of the Iraqi army did not exceed hundreds, Although he would later seek to abolish it, thanks to British military power, Turkey ceased to demand Mosul and other parts of northern Iraq, and Iran ceased to interfere in Iraqi affairs, despite its insistence to take the greater part of the eastern side of the Shatt al-Arab. With her p Z border in 1937 when Iraq signed an agreement with a defined distance of 8 miles east of the Shatt al-Arab from the Iranian city of Abadan.

But after the second occupation that followed the establishment of the Iraqi state more than eighty years, the number of militias associated with Iran increased and the Iranian influence increased through many political leaders who stayed for a long time in Tehran after their escape from the oppression of Saddam Hussein's regime, and some of them fought against the Iraqi army during the Iraqi war. Iran between 1980 and 1988.

The result was the return of Iraq as an ideal arena for the struggle between: the United States and Iran, as was the case during the five centuries following the fall of Baghdad in the hands of the Mongols in 1258.

The other difference between the two countries is that the former rushed to take Iraq from the Middle Ages to the world of modernity by immersing in building and lighting roads, sending missions to the West, expanding education dramatically, and forming a professional national army capable of protecting the country without the assistance of another country. As for the second country, it was The main concern was the personal benefit prevailing over the new ruling elite and the exploitation of the ethnic sectarian card to its fullest extent. As a result, the country gradually declined backward, unemployment widened and accumulated ruin in it.

Nevertheless, hope has emerged that the country’s dying situation has passed with Haider al-Abadi’s coming to power, despite his affiliation with the “Islamic Call” party, his educational and professional background set him up to be a good bureaucracy who can revive the former Iraqi state without the oppression of its security institutions However, Iraq missed a golden opportunity to rise when the last elections in 2018 were boycotted by more than eighty percent, and this led to the failure of its list to win the majority of votes in the Iraqi parliament and the return of the sectarian parties linked to Iran in one way or another to power.

How lost this golden opportunity looks similar to other opportunities in the recent past, the verification of which would have avoided the country this grim reality that Iraqis live today.

Loay Abdul Ilah

Independent Arabic LINK

KTFA Members "News and Views" Wednesday PM 3-11-2020

KTFA:

DELTA:  FAMILY.........FROM SOCIAL MEDIA 15 MINUTES AGO 

We call on the Iraqi Central Bank to be a plastic (polymer ) currency so that it is washable, sterilized and resistant to damage.

We hope that any new printing of the currency will be of this quality and be replaced over time

Sausy:  Thank you DELTA.. This should solve the "Corona" virus scare

Yooper75:  Washable???   Wouldn't that increase money laundering? ROTFL

Samson:  YEPPERS - I put one of my polymer $5 notes through a full cycle in my washing machine as a test a while ago - came out just as good as it went in - clean & fully intact

BlaqueBeauty:  are these the new LD’s?

Samson:  These are examples of polymer notes from other countries - this is what the citizens are calling for.  The one on the right (green one) is our $100 AUD (Australia)

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Kenster:  IMO.... If everyone remembers when Kuwait Reinstated their currency, they had all kinds of confusion, the day before Kuwait RI. They told the world they would not RI for at least 6 months, then the next day BAM, I believe IMO 

that These Knuckleheads are doing the same pattern as Kuwait. The boarders are closing on the 15th, not opening until the 21..... come on they think we are all crazy.....

Ask Frank and Delta MM and Walkingstick thought pattern. I am of the belief with these Gentlemen, The Perfect Storm.

Let the winds blow that Reinstatement On......Just My Humble Opinion!!!! Have a Great and Glorious Day!!!!

AndySwan43:  https://www.nytimes.com/1991/03/25/world/after-the-war-no-electricity-but-kuwait-reopens-its-banks.html

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Samson:  Economist: The dollar exchange rate will not be affected by the drop in oil prices

09:15 - 11/03/2020

The economic expert, Saleh Al-Hamash, confirmed on Wednesday that the exchange rate of the dollar in the Iraqi local market will not be affected by the present time due to the drop in oil prices, pointing out that the effect will be clear if the decline in oil prices continues for a year from today.

Al-Hamash said in a statement to the "information", that "currency prices are affected by the total output of the country, but in Iraq the central bank is trying to maintain the exchange rate of the dollar through the auction of selling the currency at 120 thousand to 100 dollars."

He added that "the exchange rate of the dollar, even if affected by the current crises, is back at the level of 120 thousand, but if the crisis continues for a long time up to a year from today, the effect will be evident on the exchange rate."

And that "the dollar exchange rate will be affected by the government's resort to the cash reserve for a long time, especially if this reserve is used to bridge the budget deficit", pointing out that "there are agreements with the International Monetary Fund to maintain the dollar exchange rate inside Iraq ."

He explained that "Iraq has 65 billion dollars in strategic storage represented in dollars and gold in addition to the investment portfolio containing 3 billion dollars."

He pointed out that "gold prices rise with every variable or instability that occurs in the market, where investors and merchants resort to gold and real estate in order to preserve their money, so the increased demand for this mineral will raise its value in the market."   LINK

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Samson:  Merkel expects 60-70 percent of the German population to be infected with the Coruna virus

11th March, 2020

German Chancellor Angela Merkel announced that the federal government has launched a persistent campaign to combat the Corona virus, including calling for the cancellation of unnecessary activities. An additional € 1 billion has been announced to combat Corona.

German Chancellor Angela Merkel called for strict measures to be taken in the face of the emerging Corona virus (Covid 19).

Merkel said during a meeting of the parliamentary bloc of the Christian Union, on Tuesday, to which she belongs, in the German parliament "Bundestag" in the capital Berlin that all unnecessary activities should be canceled, according to participants told the German News Agency (dpa).

Merkel, 65, said shortly after the start of the parliamentary bloc meeting: 60 to 70 percent of people in Germany will be infected with the Coronavirus, i.e. (about 50 million people out of the country’s population of more than 82 million people), so there will be silence in the group Parliamentary, participants said.

Merkel added: Because of Coruna, we face a challenge that we did not face before, and now it really depends on us.  LINK

Samson:  The first vice president of Iran and a number of ministers were infected with the Corona virus

11/3/2020 17:53:14

The Fars news agency reported that the Iranian First Vice-President, Yitzhak Jahangiri, and a number of high-ranking officials have been infected with the new Corona virus.

The agency published a list containing the names of Iranian officials infected with the virus, most notably Jahangiri, the Iranian Minister of Industry and Trade, Reza Rahmani, and the Minister of Culture and Tourism Ali Asghar Monsan, in addition to other officials. The agency said that all the injured are now being quarantined.

Iran is one of the countries most affected by the new type of coronavirus, along with China, Italy and South Korea.

As of Wednesday, 9,000 cases of this strain, which hail from China and have been dubbed "COVID-2019", were reported in Iranian territory, including 354 deaths.  LINK

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Don91:  American newspaper: Muhammad bin Salman ordered the dumping of oil markets in a phone call to his brother Thursday evening

Follow-up / Tomorrow Press:

The Wall Street Journal revealed today, Tuesday, that the Saudi crown prince ordered the dumping of world markets in oil Thursday night.

The newspaper said in a report seen by "Tomorrow Press" that "Saudi Crown Prince Mohammed bin Salman ordered the dumping of markets with oil in a telephone call to his brother Thursday evening."

Oil prices witnessed a great collapse that had not occurred since 1991, after OPEC Plus failed to reach an agreement   LINK

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Iggy:  Exchange Rate Implications for Saudi Arabia’s Riyal – Will the Riyal Succumb to Increasing Pressure to Float?    https://www.americanexpress.com/us/foreign-exchange/articles/exchange-rate-implications-for-saudi-arabia-riyal/

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Don961:  The United States postpones the sale of crude oil from the strategic reserve

Economie 2020-03-10 | 13:40

The US Energy Department said today, Tuesday, that it has delayed the sale of up to 12 million barrels of oil from the Strategic Petroleum Reserve due to a drop in the price of crude. 

The Ministry had announced the sale of part of the oil reserve allocated for emergencies in late February, before the outbreak of the Coruna virus, and the lack of agreement by oil producers on the price of crude oil. It is worth noting that oil prices rose today by about 8% to recover from the loss recorded on Monday, as it recorded its worst daily performance in nearly 30 years.

This comes at a time when investors are looking for a possible economic stimulus in light of expectations of falling oil prices and a slowdown in new infections recorded by the Corona virus in China.

By 06:05 GMT, Brent crude contracts rose 8.3% to $ 37.21 a barrel, while US West Texas Intermediate crude contracts gained 7.9% to $ 33.59 a barrel. The benchmarks fell 25% yesterday, Monday, to their lowest levels since February 2016 and recorded the largest percentage decline in one day since January 17, 1991, when oil prices fell sharply at the outbreak of the second Gulf War.

The current decline came after Saudi Arabia and Russia failed on Friday to reach an agreement to cut oil production to support oil markets.   LINK

Frank26 Videos and Walkingstick Late Tuesday Night 3-10-2020

KTFA:

Walkingstick:  Br..... rock---- > hard place

The financial economic catastrophe is coming to Iraq as soon as we imagined

 3/10/2020 6:20:40 PM    Baghdad / Obelisk: 

Dr.. Thaer al-Fili

The financial economic catastrophe is coming to Iraq as soon as we imagined.

And it started today: with a decrease in the Brent mix (Brent oil), which is the global measure of the price of oil, it began today at $ 32 per barrel (after what was before the spread of the Crohn’s virus at $ 62) ((The cost of our production in Iraq is now $ 12 per barrel) means our net resources decreased from ($ 50 per barrel - $ 20 per barrel.) Meaning that the annual budget resources decreased from ((80 billion dollars - to 32 billion dollars only), meaning that the annual budget deficit will rise to more than 60% ؜.

This deficit will cause a complete collapse in the Iraqi economy if it continues for another year. It will cause the state to fail economically and the possibility of declaring bankruptcy completely. Which means the collapse of Iraq as a country and becomes one of the economically failed countries.

And the nature of the national collapse means that Iraq will completely lose the state’s fundamentals, and it is natural for division, fragmentation and civil war, and this is what we warned of during years, especially during the past few months.

What are the urgent exceptional solutions that stop this collapse and the methods of dealing with the required economy immediately and how to deal with it?

All sincere patriotic economic researchers are required to advance this responsibility and engage the entire Iraqi people with an urgent and exceptional awareness campaign, especially the youth of Iraq, to ​​ward off the deadly threat to our country, compel politicians to change their approach, and leave the economy in the hands of professionals to preserve and preserve the country and change their failed policy.

Stop being unjust to this country.

http://almasalah.com/ar/news/189064/ The financial-economic-disaster-is coming-for-Iraq-as soon as we imagine

Walkingstick:  (Snippet) Thanks Samson..Two recommendations that are currently being floated....

Samson:  He proposed measures to confront him .. The Sudanese: the budget deficit reached 60 trillion, and the revenues will not cover the salaries

* Determining _ or preventing _ importing unnecessary goods to allow the local product to cover the needs of the local market and what it represents by generating job opportunities and maintaining the currency within the country.
* Reconsidering the currency auction and adjusting the dollar exchange rate, so as not to burden the poor class.

Al-Sudani concluded by saying, "These are the most important measures to confront a budget whose deficit is estimated at (60) trillion dinars and revenues. If the barrel of oil continues to be sold at $ 30, it will not pay the salaries of employees and retirees."   LINK

Frank26:  3-10-29 KUALOA PARK OAHU

Streamed live 116 minutes ago

https://www.youtube.com/watch?v=f97Nmx2lhqM

Frank26:  Revisit. ....... THE RATE

THIS IS ALL IN FRANK'S OPINION

Call with Walkingstick

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

Frank, Walkingstick and KTFA Members Tuesday PM 3-10-2020

KTFA:

Don961:  In numbers, experts are thinking about the fiscal deficit: Iraq needs $ 70 billion .. What is the solution?

2020-03-09  Follow-up Yassin Iraq:

Iraq entered its rentier economy, on the line of the crisis between the oil giants Russia and Saudi Arabia, after the latter's insistence to flood the market with oil, contrary to the agreement of the Organization of Petroleum Exporters "OPEC".

Economists agree that the collapse of oil prices in urgent contracts, today, Monday, will place Baghdad in front of very difficult options, and perhaps resort to strategic cash reserves.  LINK

Walkingstick:  Ftti: The GOI expenditures are not paid from the CBI reserves... They are paid from the (oil proceeds fund) established at the US federal reserve...

Iraq draws roughly 1.5 - 2 billion per month from this fund for GOI expenditures... A fund that is believed to contain roughly 35 billion..The CBI, itself... has been urged a number of times by the IMF,  maintain a (healthy reserve) considered 6 months of gross expenditures....  ie: foreign currency reserve of roughly 50 billion...

The IMF has also warned against , the continuation of pumping 150+ million into the auction.. A scenario that could be unsustainable, putting the local currency at risk... Adding, to that... They, have been .. cautioned, the use of currency reserves at the CBI should only be used as a weapon of last resort... 

Yes, the IMF had recommended in past..Iraq resort to external borrowing in a scenario such as this... Therein, lies the problem...

The CBI is the borrower, but..  it does not borrow money on its own behalf... The CBI borrows money on behalf of the GOI... It is unknown, though unlikely, a caretaker government is in a position of power to request such a loan from the IMF.. It is, certainly illegal .. per Iraqi, law.. 

Regards.....

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

Frank26 Monday Night CC 3-9-2020

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/Ke9AWKcG9c

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Samson:  The Central Bank designs a pooled Islamic financing program (SIFP)

10th March, 2020

In an effort to reduce the unemployment rate and reduce the import gap by supporting
projects that have a positive impact in raising the rate of GDP growth, the Central Bank
of Iraq has provided a monetary approach that combines the methodology of specific monetary policy and the basic conditions for establishing market economies by
designing a program for consolidated Islamic finance (SIFP) ) , Which provides
opportunities for partnership in financing between Islamic and conventional banks
by targeting projects of strategic importance .

This comes at a time when the current economic stage is witnessing a number of
challenges in the production and consumption markets .

The Central Bank of Iraq

information Office

March 10, 2020

https://cbi.iq/news/view/1456

DELTA:  ESTABLISHING MARKET ECONOMY........... SUPER SAMSON THANK U...

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Don961:  New York Stock Exchange suffered the most severe daily loss in 11 years

2 hours ago   Agencies - Abu Dhabi

The Wall Street suffered, on Monday, its heaviest daily loss in more than 11 years, in a decline caused by the collapse of oil prices due to the price war launched by Saudi Arabia on Russia and the outbreak of the new Corona virus in the world.

The Dow Jones industrial average losses at the close of 7.79 percent as it fell to 23.85102 points, losing more than two thousand points.

As for the Nasdaq index, which is dominated by technology companies , its losses reached 7.29 percent, closing at 7,95068 points.

The Standard & Poor's 500 Index, in turn , tumbled 7.60% to settle at 2.74656 points.

According to Howard Silverblatt, an index specialist at S&P Dow Jones Indices, the S&P 500 lost a total of $ 1870 billion during Monday's session and $ 5,300 billion since February 19, when it hit an all-time high.

Compared to the population of the United States , the loss incurred by the New York Stock Exchange on Monday is equivalent to $ 5682 per person.

For the first time Monday, the Dow Jones index caused a significant decline at the start of the trading session, when it lost more than 7 percent by activating the 15-minute suspension mechanism.

The combined losses of the three major indices on the New York Stock Exchange were about 20 percent each since hitting an all-time high last month.

The losses came as a result of the collapse of oil prices, which fell by 25 percent, after Saudi Arabia decided to reduce oil prices significantly in the wake of its failure to reach an agreement with Russia on production.

On the other hand, the death toll from the emerging virus, Corona virus , continues to rise, exacerbating the panic that prevails in the markets.   LINK

Samson:  High oil prices after the biggest daily loss in 30 years

10th March, 2020
Oil prices rose 8 percent on Tuesday, to recover from the largest loss recorded in one day in nearly 30 years, while investors are looking for a possible economic stimulus in light of the price war between Russia and Saudi Arabia and the slowdown of new cases of coronavirus in China.

US President Donald Trump said on Monday that he would take “significant” steps to support the US economy in the face of the impact of the Corona Virus outbreak and would consider salary tax cuts with Republican lawmakers in Congress on Tuesday.

By 0605 GMT, Brent crude futures rose $ 2.85, or 8.3 percent, to $37.21 a barrel, while U.S. West Texas Intermediate crude futures gained $ 2.46, or 7.9 percent, to $ 33.59 a barrel. The benchmarks fell 25 percent on Monday, dropping to their lowest levels since February 2016 and marking the largest percentage decline in one day since January 17, 1991, when oil prices fell when the Gulf War erupted.

Trading volumes in the contract for the closest entitlement to both raw materials reached record highs in the previous session after the collapse of a three-year agreement between Saudi Arabia and Russia and other major oil producers to reduce supplies on Friday.

Asian stocks rose and bond yields rose from historic lows, as speculation of coordinated stimulus by central banks and governments around the world calmed the sell-off by panicked investors. Spirits also received a boost after Chinese President Xi Jinping Wuhan visited the epicenter of the outbreak of the Coronavirus, for the first time since the epidemic began, and as the spread of the virus on the Chinese mainland slowed strongly.  LINK

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Don961:   China sets next April as the date for the launch of the vaccine that the world is waiting for!

19:45 Monday 09 March 2020   Baghdad _ people

"Scientists are about to find a vaccine for the deadly coronavirus (COVID-19), the first of its
kind, and it will be available for emergency use by next April," a Chinese government center
said on Monday.

The director of the Development of Science Center and Technology Commission of the National
Health China Zhong Cheng Wei according to the reported  site  " Mchabl " American Technical,
today, (March 9 , 2020), "according to our estimates, we hope that the intervention of some
vaccines , clinicalresearch , or be useful in emergency situations, By next April. ”

He added, "Scientists have succeeded in reaching this vaccine through cooperation and
exchange of the genetic sequence of the virus between various Chinese research institutions.

The Chinese announcement comes days after a famous Chinese epidemiologist injected
herself with a new vaccine against the emerging coronavirus, with six members of her team.

"We are doing everything we can to put the vaccine we are developing into the clinical trial
and application phase," said Chen Wei, an officer with the Chinese army. With providing
strong technical support to win this battle, ”she indicated, it usually takes between 12 and
18 months to ensure that vaccines meet safety standards.

Under Chinese law, vaccines can be used in an emergency before that period, if "their
benefits outweigh the risks," according to China's National Medicinal Administration.

And Moderna Biotechnology Company in the United States revealed its own vaccine that it
shipped this month to the National Institute of Allergy and Infectious Diseases, to start
human  tests, while the director of the institute, Anthony Fushi, warned that even if the
initial safety tests  were good, it would take 12 to 18 months to see these vaccines widely
used around the world.

Experts stressed that expediting the use of vaccines outside the specified testing period
may be "ineffective and insecure", considering that China is trying to contain the flood of
criticism directed at it in dealing with the crisis of the spread of the Corona virus, by
appearing as a  savior and developing a vaccine without taking the necessary precautions.

LINK

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Samson:  US Vice President: Our Companies Have Come Up With A Vaccine To Treat The Corona Virus

10th March, 2020
Mike Pence, the American Vice President, announced that US drug companies have reached a new vaccine to treat the Corona virus.

"Drug companies have started vaccine tests," Pence said at a news conference, noting that "25 children in California have been cured."

The vice president added, "The risk of the virus to Americans remains low, and research is continuing in efforts to combat its spread."

It is noteworthy that the new Corona virus appeared in late December 2019 in Wuhan, China, in a market for the sale of wild animals, then spread quickly with a massive movement of citizens to spend the Lunar New Year holiday in January.   LINK

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Iggy:  OVER 50,000 PEOPLE HAVE RECOVERED FROM CORONAVIRUS AROUND THE WORLD, ACCORDING TO JOHNS HOPKINS
https://www.newsweek.com/coronavirus-update-50000-recoveries-global-cases-1490495

Don961:  Corona and Political Corona

- 14 Hours Ago

It is no secret to anyone that the emergence of the new coronavirus has aroused grave global concern, and it carries with it many ramifications, the extent of which has not been determined yet, and if there is consensus that it is dangerous to human health, and may have negative repercussions that threaten our lifestyle in the 21st century.

The first cause of turmoil and anxiety is not only the emergence of the virus, as the world previously exposed to viruses, and will face others in the future, but the source of anxiety is due to the fact that the new virus presents an equation that is not clear-cut, not prepared for, and led to confusion and lack of transparency in the initial dealing with its emergence.

The anxiety was exacerbated by the rapid growth in the number of patients, and its rapid spread in a large number of countries around the world, which had several repercussions, including, among other things, placing restrictions on receiving visitors from or traveling to specific areas in China, then from other countries after that In an effort to stop the spread of the virus and avoid its consequences.

Challenges and new events, and a government hesitation in dealing with events, the speed of transmission of events and challenges across borders, airspace and seas, and reactions towards isolationism, are the same features and challenges that we are witnessing politically and economically, or advocated by some in the era of globalization, whether in government interaction, or in The emergence of populist tendencies toward isolationism in small and large countries, democratic and centralized in decision-making.

Will the world go through the "political corona" stage?

All indications point to this. The contemporary international system was established in the aftermath of World War II, on the basis of a balance of power between the Western Atlantic Alliance and the eastern Warsaw Pact, with a third group complementing the scene, namely the non-aligned countries.

This was accompanied by the development of the most important international charters, the first of which is the Charter of the United Nations, and the adoption of a number of economic documents in the crucible of Bretton Woods, in the context of which the World Bank and the International Monetary Fund were established, as well as a set of documents and treaties to arrange international situations, for example the Universal Declaration of Human Rights , And arms control agreements, the NPT ... etc.

These documents and treaties defined the balance of political power that existed at the time as the basis for the movement's drive for the contemporary international system for more than half a century, and it remained stable and exists in general, despite being subjected to various challenges in light of the tension and attraction between the two allies, or with the non-aligned developing countries, which were The number is increasing as a result of it getting more independence from the old European colonialism, each with its aspirations and stances.

The situation was not fair in the past century, and there were numerous violations by the major powers over the rights of others, but international competition maintained stability in general, until the end of the eighties and the collapse of the Soviet Union and the Warsaw Pact with which he headed, so the balance that was providing some deterrent controls was disturbed by the actions of the two allies. .

International law remained the only pillar of the stability of the international system, and it was subjected to more challenges and irregularities with the growing willingness of various countries to overcome and ignore it, especially those that enjoyed security, political and economic superiority at the international or regional levels, and among these violations are the American invasion of Iraq in 2003 and the genocide in Rwanda, the war in Syria and Libya, and many other examples that have come to characterize the past few decades.

With the increasing rates and speed of international globalization, driven by huge technological developments in the field of communications and information transmission, new circumstances, achievements and challenges have arisen between governments and peoples from one moment to the next, and rapid, uncontrolled communication has occurred for peoples and goods, providing enormous opportunities, as well as many problems and challenges.

Among the main drivers of globalization are neoliberal policies, such as free trade and privatization, which were required of developing countries to implement them quickly, regardless of their conditions and competitiveness. However, some in developed countries feared competition from more efficient markets and less expensive employment, and several isolated and right-wing currents appeared in West, East, North, and South, and the popular and national trend has grown towards focusing on personal interests at the expense of societal and national and at the expense of regional and regional at the expense of international and global interests.
The problem lies in the fact that the rates of change in the era of globalization came very fast, and posed a real challenge to stability and traditional identity, as well as that the economic aspect of globalization was applied without giving great importance to the different circumstances and special considerations of other least developed countries, as well as to the differences of cultures between societies.

What we have seen from spontaneous reactions to the new virus is the same that we have seen politically and economically during the past decades in front of the challenges of globalization, and the best ways to deal with this new challenge medically are very similar to the correct ways to deal politically, economically and socially with the challenges of the globalization era, namely cooperation in accordance with the rules International and agreed upon, as cases of health crises and emergencies require transparency between governments, states and societies, cooperation and interaction in accordance with international protocols, rules and laws in the context of the international multilateral system in which we live, including respect for all countries health rules In relation to the Corona virus, cooperation is required in implementing three initiatives to support the capabilities of countries in detecting, evaluating and reporting public health events, and granting the World Health Organization the coordinating role to build this capacity, and taking specific measures in transportation such as ports, airports, and land crossings, to reduce The spread of health risks, without

There are also lessons from dealing with the new Corona virus that can be used in our political dealings, the most important of which are:

1- That technological development, globalization, and considerations of market economies will all remain part of the future societal equation, with all its pros and cons.

2- We live in an integrated world, and we depend on each other, and therefore cooperation is a necessity, isolationism and unilateral decisions are a chain bound to failure in the long run. Fast and as much as possible.

3- That pluralism and setting the rules for collective preventive action are better and safer in the long-term and strategic, and that giving priority to immediate needs at the expense of the long-term interest is not a solution, but rather inevitably takes us from one problem to another.

4- That confronting urgent problems will require from time to time precautionary measures by states and governments, but they must be in accordance with the need and for specific and limited periods.

5- The importance of having strong and effective governmental authorities and agencies, knowing that their strength and success will depend on their success in educating their people and communicating with them with credibility.

6- The necessity of respecting international law, general rules and equal rights of peoples in order to preserve international stability from fluctuations in the balance of power and emerging international challenges, in order to ensure states' commitment to their obligations.

7 - That dealing with issues in an international, prior, preventive and strategic framework is not a necessity, but a necessity, including for example climate change, the scarcity of available freshwater quantities, extremism and terrorism, the militarization of security concepts, the excessive use of force to resolve disputes, and employing modern technology to develop Military capabilities, including outer space.

Nabil Fahmy

Independent Arabic   LINK

Frank26 Video "Allawi Allowed Today" and Walkingstick 3-9-2020

KTFA:

Walkingstick:  Sumaisem told Obelisk: The central bank put up $ 250 million to prevent the collapse of the dinar ... and the deficit of $ 51 billion ... and then what?

3/9/2020 11:15:02 AM  

Baghdad / Obelisk: Economist Salam Smaism, on Monday, 9 March 2020,

considered Iraq and Iran to be one of the biggest losers in the oil price war between Saudi Arabia and Russia, and this caused a major economic blow on them.

Sumaisem said in an interview with "Obelisk" that the central bank put 250 million dollars, Monday, March 9, 2020, for trading in order to control the currency market and prevent the collapse of the Iraqi dinar.

And Smisim continued: The budget was not deliberately approved, and the corrupt people prepared it at the price of $ 56 a barrel of oil, which is now falling to $ 33 and an approximate deficit of more than $ 51 billion!

She added: No one dares to ask: What then? The Iraq treasury will be emptied, and who is responsible?

And Sumaisim considered that Iraq is a victim of the war in oil prices launched by Saudi Arabia after the collapse of the Russia deal.

Sumaisem said that Saudi Arabia is flooding the world oil markets with oil to punish Russia for its refusal to reduce OPEC prices, while Russia's economy, which depends on oil revenues, faces a major crisis.

Oil prices tumbled in global markets after Saudi Arabia decided to increase supplies in a price war with Russia after an agreement between OPEC and Moscow collapsed, as well as regional and global stock exchanges and oil and aviation stocks collapsed against the backdrop of a price war and fears of an outbreak of the Corona virus.

The head of the Center for Political Thinking, Ihsan al-Shammari, said on Monday, March 9, 2020 that the decline in oil prices will cast a shadow on the level of Iraqi per capita income, fully blaming the government of Adel Abdul Mahdi for the implications of this decline and its impact on Iraq's economic future.

Obelisk

http://almasalah.com/ar/news/189077/ Smsim-for-the-obelisk-central-bank-subtract-250-million-dollars-to prevent the collapse of the dinar-and-deficit-51-billion-dollars-and what-after- that 

Frank2:  3-9-20 ALLAWI ALLOWED TODAY

Streamed live 37 minutes ago

This video is in Frank’s opinion.

https://youtu.be/vW8a1sMeu5c?t=1