MilitiaMan and Petra" A Very Strong and Multi Faceted Convergence" 8-13-2021

KTFA:

FROM MM & PETRA:

MilitiaMan:  " "The government has not implemented many articles and paragraphs of the general budget law for the current year until this moment due to the objection and observations of the Ministry of Finance and other ministries on the articles of the law, which led to the delay in its implementation.""

MilitiaMan:  Until this moment they say.. Interesting the 2021 budget is in the news lately.. Just as Frank and Petra pointed out ... They are not going to keep harming the citizens.. imo "

"there is work and movement by the committee to monitor the implementation of the parliamentary government program on the Ministry of Finance and the government to implement the articles and paragraphs of the budget law," stressing that "any delay in implementing the budget will harm the citizen and state departments and institutions.""

MilitiaMan:  Fairly certain then if need be there is an emergency.. It is called Article 8 with a new rate.. lol We are imo seeing things shape up globally and gearing for a very big event.. Militia-Man

Petra:  Convergence on a global scale...Yup...Yes. The input was not reflecting other world events as we are studying...nice data points though.... PETRA

MilitiaMan:  Kinda hard to spend trillions when the UST has 389 billion in cash on hand and are
burning  26-50 billion a day.. Militia-Man

Petra:  And, IMO, that 389B also includes the bond sales of the last 2 days to bolster the balance sheet. But, the message is clear, the money is running out! Congress did not elevate the debt ceiling as of today...why not? They know their burn rate, they know the balance in the bank just like you and I. So...Congress not changing the debt ceiling is an indicator of a future....expectation. IMO ......PETRA

MilitiaMan:  They sure gathered up some serious numbers over the last 6 weeks real close.. They got cash for bonds to be on the books of banks imo.. Banks will need liquidity and that being done may offset the effects of our exchanges and thereby increasing value to us and countries where by the dilution may need to be, Necessary for equilibrium effect globally.. imo ... Militia-Man

Petra: $23.5 Trillion since July 7!!! ... IMO, I expect another $1T day tomorrow...or close to it! ....PETRA

MilitiaMan:  That is some serious assets bought and brought home imo... The SDRs are to be effective 08/23/2021... The REPO market platform is to be down for Maintenance on the 16th.. Militia-Man

Petra:  And by full bore...international money movement via the digital framework that all countries participate it. Remember, the $650B coming from the IMF are SDR's...digital!.... PETRA 

MilitiaMan:  Yes and they mention countries that will benefit too.. Militia-Man....

Petra:  Yes, which is what I commented on yesterday. If Iraq is still under sanction rate...do they get to participate in the global SDR gift???...... PETRA 

Petra:  Let's be clear. We have never been at this stage before. Too many timed events are occurring that lead us to believe we are in a, as MM said, no turning back scenario. We speak of the Repo markets, UST cash positions, Emergency Bond sales. Then we see articles about digitization occurring globally via blockchain. IMF Global SDR donations, companies and contracts waiting to be executed. Large money movements in the last 45 days of funds back to the US. Notice those funds were "not" put into the UST!!!! They are to be repurposed. For what???? Yes, we are in a very strong and multi-faceted convergence all waiting on one thing!!!! Amazing once you connect the dots of impact!............ PETRA

MilitiaMan:  Mark your calendars

On August 23, the newly created SDRs, equivalent to US$650 billion, will be credited to IMF member countries in proportion to their existing quotas in the IMF. https://t.co/WCZ25tPMXA pic.twitter.com/2JzutP5m35

— IMF (@IMFNews) August 11, 2021

What are the benefits of the US$650 billion SDR allocation?
1. Provide fiscal space to help people cope with the crisis
2. Boost reserves of IMF members
3. Support country reformshttps://t.co/0rkI3E54S7 pic.twitter.com/t26t2jbLBL

— Gerry Rice (@IMFSpokesperson) August 12, 2021

"Vietnam News" Posted by Samson Thursday PM 8-12-2021

KTFA:

Samson:  Việt Nam remains attractive destination for US investors

9th August, 2021

Việt Nam remains an attractive destination for US investors in the Indo-Pacific, heard a webinar recently held by The Asia Group.

The event aimed to share business opportunities and updates on the fight against COVID-19 and economic prospects in Việt Nam, drawing over 40 executives and representatives from US firms in the fields of energy, finance, technology and manufacturing such as Blackstone Group, Google, Facebook, Ford, UPS and Walmart.

Speaking at the event, Vietnamese Ambassador to the US Hà Kim Ngọc highlighted Việt Nam’s economic achievements, and informed participants about the country's incentives in foreign direct investment (FDI) attraction. He underscored the Vietnamese Government’s determination to selectively attract FDI and strengthen Việt Nam’s role in restructuring the global supply chain. As for the US investors, the active development of the Việt Nam – US comprehensive partnership and Việt Nam’s network of free trade agreements are conducive to their activities in the country, he said.

Việt Nam is ready to hold constructive dialogues, deal with difficulties and ensure a stable business environment for US enterprises, he added.

According to the ambassador, the Vietnamese Government has been exerting utmost efforts to effectively fight the pandemic, maintain important supply chains and create favourable conditions for economic development. He thanked the US administration, people and business community for supporting Việt Nam, especially the delivery of two batches of five million Moderna vaccines. Ngọc also suggested US businesses continue helping Việt Nam access more vaccines, medical supplies and COVID-19 medicines, thus contributing to Việt Nam’s economic development.

On the occasion, he also highly valued the US firms’ support for Việt Nam regarding the currency valuation investigation, and asked for their continued backing in the case related to timber so as to maintain trade and investment growth for the benefit of both sides. Participants at the event expressed their trust in Việt Nam’s determination and efforts against the pandemic. They vowed to continue partnering with Việt Nam in the joint effort.

Several firms expressed interest in specific issues such as addressing differences in digital trade, and considering a direct flight between the two nations. They wished that the Vietnamese Embassy in the US will continue serving as a bridge to collect recommendations and feedback while raising understanding about Việt Nam among the US business community.  LINK

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Samson:  Việt Nam’s current account surplus forecast at 6.2% of GDP in 2021

11th August, 2021

Việt Nam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.

According to a recent report from international financial data provider Fitch Solutions, the surplus is slightly narrower against its 6.6 per cent estimate recorded last year.

“Improved market access from the EU-Việt Nam free trade agreement (FTA), UK-Việt Nam FTA, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and Regional Comprehensive Economic Partnership will support a widening of Việt Nam’s goods trade surplus. However, an urgent need for transport and logistical infrastructure development in Việt Nam, which tend to heavily involve foreign consultants and other services, will see the services deficit widen.

Moreover, with foreign-invested enterprises being the key driver of export growth, rising corporate profit remitted overseas will widen the primary income deficit over time,” the report stated. “From a structural perspective, an increase in investment opportunities domestically as the external facing sector develops and the middle class grows in Việt Nam will also see the excess of savings over investments narrow, and reduce the current account surplus accordingly over the long run.”

According to Fitch, Việt Nam’s continued current account surplus will be spearheaded by its goods trade surplus and supported by a gradually growing secondary income surplus which will expand in line with the global economy on the back of rising remittances from Vietnamese migrant workers overseas.

Việt Nam’s goods trade surplus will continue to widen as an open-door trade policy, foreign direct investment (FDI) friendly policies, favourable population demographics, and a generally good business environment position it well to attract capital from businesses seeking to diversify their supply chains in the region. “This component will be the main driver of Việt Nam’s current account surplus, with the goods trade surplus growing from 11.2 per cent of GDP in 2020 to 12.1 per cent in 2030. With the Vietnamese government also actively seeking to improve its international market access and diversify its export markets through free trade agreements, we expect the goods trade surplus to continue widening over the coming decade,” Fitch noted.

As part of Fitch’s outlook, it expects the country’s manufacturing exports to remain mostly in low-middle value-added goods over the coming decade; such goods account for 85 per cent of Việt Nam’s goods exports.

Although the government aims to push the country’s manufacturing operations up the value chain, it is faced with several challenges and the transition will be slow, according to Fitch.

In Fitch’s view, Việt Nam’s economic development closely resembles that of China two three decades ago, with the country’s manufacturing engaged in low-value-added activities in Special Economic Zones (SEZ) set up by the government. Such zones typically grant businesses operating within the tax and tariff concessions and other benefits to attract foreign investment. However, a reliance on SEZs for growth implies a reliance on FDI and export processing, which given the high import content of Vietnamese exports, suggests little scope for knowledge transfer to domestic businesses and manufacturers.

Moreover, raising the level of human capital in the country will also be crucial to take on more complex manufacturing. Many foreign manufacturers continue to flag a shortage of skilled labour in the country, and while the government is aware and trying to address the shortage through education and labour reform, this will not be a problem easily solved within the next five years, with ten years also being a stretch.

According to Fitch, another challenge that the Government will have to address is the infrastructure deficit in the country, which will come under increasing pressure amid an influx of FDI in the manufacturing sector. The inability to bring in foreign experts will also be a challenge in project development amid the pandemic in 2020 and 2021. This suggests that an urgent push by the government to develop essential transport and logistical infrastructure over the coming decade will increase services imports.

Meanwhile, a burgeoning middle class in Việt Nam along with relatively rapid economic growth will also see an increase in outbound leisure travel post-pandemic and this will also see services imports rise. Both of these will widen the services trade deficit, counteracting the expansion of the goods trade surplus and slow rise in the secondary income surplus on the current account balance.  A widening primary income deficit will also act to narrow the current account surplus, according to Fitch.   LINK

Samson:  Việt Nam looks to become AI hub in ASEAN by 2030

11th August, 2021

The Vietnamese Government has issued a national strategy on the research, development and application of artificial intelligence (AI) till 2030 with a view to gradually turning Việt Nam into an innovation and AI hub in ASEAN and the world.

Deputy Minister of Science and Technology Bùi Thế Duy said the strategy aims for Việt Nam to be among four leading countries in ASEAN and 50 nations globally in terms of AI research, development and application by 2030; build 10 prestigious AI trademarks in the region; and develop three national big data and high-performance computing centres. By 2030, Việt Nam will set up 50 interconnected open databases in economic sectors in service of the effort.

To such end, the country is fine-tuning legal documents and creating a legal framework regarding AI, as well as promoting international cooperation in the field. Further attention should be paid to human resources training and building databases that are synchronous with computing infrastructure.

Since the COVID-19 pandemic broke out nearly two years ago, the application of AI in healthcare in Việt Nam has become a bright spot in the world. AI has helped ease burdens on medical workers and anti-pandemic forces through tracing apps and epidemiological maps.

The Hà Nội University of Science and Technology officially debuted an international centre on AI under the model of a mixed international research centre. It is expected to conduct basic studies and create “Make in Việt Nam” core technologies.

Prof. Hồ Tú Bảo, director of the centre, said the digital environment was creating invaluable opportunities to develop the country and master important technologies, including AI. Minister Duy said construction on the National Innovation Centre began at Hoà Lạc Hi-Tech Park to support the start-up system in Việt Nam, contributing to renewing the country’s growth model based on advanced technologies.   LINK

KTFA Members "Thursday News" 8-12-2021

KTFA:

Don961:  The Central Bank and the Association of Private Banks hold a workshop on “Qualifying Digital Transformation Leaders”

Economy News - Baghdad

The Association of Iraqi Private Banks, under the auspices of the Central Bank of Iraq, organized a workshop on "Qualifying Digital Transformation Leaders" in Dhi Qar Governorate.

This program provides free training courses in various disciplines from the global “Coursera” platform, which is considered the highest rated and in various disciplines that help them in the labor market (economics, accounting, programming, design, languages, marketing, etc.) in addition to a certificate recognized by universities and institutions A global leader in various disciplines and fields.

The workshop was attended by the mayor of Nasiriyah, Munir al-Bakka, and a number of directors of departments concerned with training and financing in the governorate, as well as representatives from Dhi Qar University, the National University, the director of the School for the Gifted in Nasiriyah, representatives of the Nasiriyah Chamber of Commerce and Industry, a representative of the United Nations Organization for Project Services (UNDP), and a large crowd of Nasiriyah youth.

The consultant of the Association of Iraqi Private Banks, Shirwan Anwar Mustafa, presented the details of the project, its most prominent goals and the stages it achieved.

One of the distinguished segments was a presentation of four young talented students who participated in the EDTL program and obtained high distinction on a number of certificates from international universities that impressed everyone, noting that there are 30 students from schools of the gifted, all of whom obtained certificates from international universities and a large number are still in Participation in the program.

Munir al-Bakaa also expressed his thanks and appreciation for the efforts of the Association of Iraqi Private Banks and the Central Bank of Iraq in building the capacities of young people and qualifying them for the labor market.

It is noteworthy that the EDTL program has achieved more than 1,200 participants in a training seat, and each training seat is entitled to participate in any number of specialized courses offered by universities and international companies through the global Coursera platform of various levels, including university students and a large number of young Iraqi scientists from the Authority for the Care of the Gifted Those who participate in the program achieved participation of about 7500 different courses.   LINK

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Samson:  Introduction of a plan to Parliament.. The outlets announce the success of the electronic platform in preventing fraud and forgery

11th August, 2021

The Border Ports Authority confirmed, on Tuesday, that revenues were generated through the electronic platform by preventing fraud and forgery of public money.

The head of the authority, Omar Al-Waeli, told Shafaq News Agency, "The Ports Authority presented a solid and successful plan to the Committee to Monitor the Implementation of the Parliamentary Government Program during its hosting inside the parliament building."

He added that "the plan included several important paragraphs, including imposing the prestige of the state and fully securing the border crossings from the tampering of outlaws, as well as discussing what the Ports Authority has done in terms of networking and preparing an electronic platform with self-efforts."

And Al-Waeli said, "The electronic platform achieved high revenues compared to previous years, and approved many operations of manipulation and fraud with public money."  LINK

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Don961:  The Council of Ministers decides Iraq's accession to the Asian Investment Bank agreement for infrastructure

The Council of Ministers decided to authorize the Minister of Foreign Affairs to sign the application for the accession of the Republic of Iraq to the Asian Investment Bank’s Infrastructure Agreement, after preparing the authorization from the Ministry of Finance, and paying Iraq’s contribution to the aforementioned bank’s capital, among the allocations of the general federal budget to the Ministry of Finance (for the year 2021). ) by making a transfer.

The decision also included determining the share of Iraq’s contribution from the shares in the Asian Infrastructure Investment Bank to the maximum limit, with (250) shares of the capital, consisting of (50) paid shares, equivalent to (20%) and remaining (200) shares, which equals (80%). ) is not paid and on call.   LINK

Samson:  US Energy: Oil prices will remain at $72 a barrel

11th August, 2021

The Energy Information Administration of the US Department of Energy expected, on Wednesday, that oil prices will remain at the level of $72 a barrel until next November, according to the administration's monthly report

The administration lowered its forecast for Brent oil prices in 2022 to $66 a barrel

The Ministry of Energy also expected that the production of “OPEC” countries of oil until the end of this year will be lower than the limit set according to the oil deal for the “OPEC +” countries, by one million barrels per day during the third quarter of the year and by 0.3 million barrels per day in the last quarter of it

The Ministry of Energy indicated that it is awaiting a new meeting of the “OPEC +” countries next December, when it is expected to make amendments to its plan to reduce oil production

The US Department expected that the average production of "OPEC" of oil in the immediate half of 2021 will reach 27.6 million barrels per day, or 0.6 million barrels per day less than it was in its previous forecast   LINK

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Samson:  About the project to localize salaries and electronic operations.. The Governor of the Central Bank speaks

11th August, 2021

Central Bank Governor Mustafa Ghaleb Mikheeb stressed, on Wednesday, the necessity of the project to localize salaries and electronic operations during a lecture at the Defense University for Higher Military Studies.

And the central bank said in a statement that “Mawazine News” received a copy of it, that “the governor of the Central Bank of Iraq, Mustafa Ghaleb, gave a lecture at the Defense University for Higher Military Studies,” noting that “the lecture included a definition of the tasks, work, and objectives of the central bank, during which the governor spoke, in the presence of elite From university professors and a number of officials of state ministries, about the monetary policy followed by the Central Bank and its tools. 

The Governor also addressed the initiatives launched by the Central Bank of Iraq and their direct effects in supporting and stabilizing the economic and financial situation in light of the Corona pandemic and the challenges facing public finance, as his initiatives were assigned in Lending to small and medium enterprises for the real sector that has been affected by crises and challenges.

He added, "Makhif" touched on the Central Bank's procedures in developing the banking sector and correcting some of the approved methodologies, and emphasized the project to localize salaries and other electronic operations that pertain to the work of the banking sector.

For his part, the President of the University and the Dean of the Defense College for Higher Military Studies gave thanks and appreciation to His Excellency the Governor of the Central Bank for accepting the invitation to visit and the information included in the lecture in a way that serves the Iraqi economy. 

LINK

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Samson:  Official statistics of the number of terrorists killed and arrested during 15 years in Iraq

11th August, 2021

Wednesday, the government media published an official statistic issued by the Counter-Terrorism Service showing the number of terrorists killed and arrested and the weapons seized by the agency during 15 months, starting from May 1, 2020 until July 31 of this year.

The statistic showed, according to the official agency, The number of captured terrorists reached 424, and the number of those killed in security operations reached 252. It also showed that “the number of air strikes during this period amounted to 642, while reconnaissance flights amounted to 1074.”

The statistics also indicated that the weapons and materials seized for the above-mentioned period It was as follows:(85 AK rifle, 2 silencer pistol, 18 different types of pistol, 1 sniper rifle, 19 explosive devices, 2 sticky packages, 8 explosive belts, 1 single machine gun, 7 RPG7 launcher, motorcycle 1, 7 mortar bombs, half a kilo “sajm”, 30 grenades, 4 cannon grenades, 3 BKC machine guns, 3 M4 rifles, 116 booby trap rulers, 3 power sources, 1 mortar guide, 11 different types of rifles, mortar rounds of various sizes intended for use with explosive devices, number 54, detonator of 82 mm mortar bombs, number 11, and TNT with about 100 kg.  LINK

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Samson:  In a sudden raid .... prominent employees, including managers, were arrested in Nasiriyah

12th August, 2021

On Thursday, a security source in Dhi Qar reported the issuance of arrest warrants against 8 prominent employees of the Nasiriyah Municipality Department in the center of the province

The source mentioned to NRTArabiya, (August 12, 2021), that "the Integrity Investigation Court in the governorate issued arrest warrants against 8 prominent employees in the municipality of Nasiriyah, including the assistant director, city planning director and one of the surveyors

He added, "A force from (SWAT) raided the department in search of them," explaining the reason for issuing arrest warrants, "on accusation of exploiting the functional influence and acquiring land for their benefit behind the maternity hospital in central Nasiriyah

And he indicated, "The arrest warrants were issued in accordance with Article 340 of the amended Iraqi Penal Code No. 111 of 1969   LINK

KTFA Wed. Night Call with Frank26 and Team. "Now Means Now" 8-11-2021

KTFA Wednesday Night CC with Frank26

8-11-21……NOW MEANS NOW

This video is in Franks and his teams opinions

Notes from Walkingstick and Eddie tonight

Playback Number: 605-313-5153    PIN: 319183#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=HdERIKTdC7k

KTFA Monday Night CC with Frank26 8-9-2021

KTFA:

KTFA Monday Night Conference Call

8-9-21…….2021 = 2022

This video is in Franks and his team’s opinions

Franks team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.

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

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=nwC1DcPsUe0

Some "Friday News" Posted by Samson 8-6-2021

KTFA:

Samson:  More than 60 teams follow up on the projects of the White Paper.. This is what a government advisor revealed

6th August, 2021

Advisor to the Prime Minister, Executive Director of the Reform Cell, Alaa Abdul-Hussein Al-Saadi, confirmed today, Friday, that all projects of the White Paper will be launched at one pace according to the specified time limits, while pointing out that 64 teams have been formed to follow up on the implementation of projects.

Al-Saadi said, to the official news agency, that "the governance mechanisms for implementing the white paper include time ranges that divide projects into programs. and objectives contained in the white paper.

On the most prominent challenges facing reform efforts in the field of combating financial and administrative corruption, and in response to those concerned and those opposed to the White Paper projects, Al-Saadi explained, “Any change that occurs is always accompanied by opponents, and there is a kind of fear and opposition, but the government’s goal is to deliver a message aimed at improving performance.” The government in the field of financial management, the economy in general, and the implementation of projects, which leads to simplifying procedures for investors and the general public, and thus eliminating red tape, which will subsequently lead to the elimination of corruption.

He stressed, "The government's priorities in implementing projects are many and large, and all programs will be launched at one pace according to the specified timescales," noting that "the white paper includes 64 projects, and 64 teams have been formed so that there is a team for each project that is launched according to the pre-established plan."

He pointed out that "the Reform Department cell began its follow-up to the implementation of the white paper by communicating with all the main and supportive executive bodies for the implementation of projects, facilitating the procedures for the implementation process and preparing them, and making the various parties understand the mechanisms for their implementation," noting that "the preparation process will be relatively long, but it is important for proper implementation." for programmes.

On August 2, the Prime Minister, Mustafa Al-Kazemi, announced the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper.

LINK

Osmosis:  Sounds like a whole lotta implementing going on out there.........IMO

Samson:  The dissolution of the Iraqi parliament on August 10. This is what Article 64 of the Constitution stipulates

6th August, 2021

The Commission for Human Rights revealed, on Friday, an article in the constitution that stipulates the dissolution of the Iraqi parliament on August 10.

A member of the commission, Ali al-Bayati, said on Twitter, "Article 64 / second of the constitution calls on the President of the Republic, upon dissolving the House of Representatives, to hold general elections in the country within a maximum period of 60 days from the date of the dissolution."
 
The member of the commission added: "According to this article, and in respect of the constitution, Parliament must be dissolved on the current 10th of August. Otherwise, the presence of unconstitutional preludes to the elections makes the result clear."    LINK

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Samson:  Iraq will suspend official working hours next Monday

6th August, 2021

The relevant authorities in Iraq announced, on Friday, the suspension of official working hours next Monday, on the occasion of the first of the holy month of Muharram.  LINK

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Samson:  10 votes to complete the enactment of a US law to abolish the use of military force in Iraq

6th August, 2021

Ten Republican senators signed a bipartisan bill repealing the 1991 and 2002 authorizations for the use of military force in Iraq.

The new legislation, led by Senators Todd Young and Tim Kaine, revokes both the 2002 Iraq War and 1991 Gulf War permits, the Wall Street Journal reported Thursday.

The move is the latest sign that lawmakers from both parties are gaining momentum in their efforts to reassert Congress' constitutional authority to declare war.

At least 60 votes

Passing the legislation requires at least 60 votes in the 100-member Senate, which means at least 10 Republican votes are needed to join all 50 Democrats for the legislation to succeed.

On Wednesday, the US Senate Foreign Relations Committee voted to cancel two authorizations that give open approval to the use of military force in Iraq. It is noteworthy that the Biden administration revealed, weeks ago, that it supports efforts in Congress to repeal the authorization for the use of military force, issued in 2002, which reinforces lawmakers’ efforts to withdraw the authority to declare war from the White House.   LINK

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Samson:  The Iraqi economy is in the arms of the black box?!

5th August, 2021 by Abdul Jabbar Nouri

A short introduction, just to remind you: {The global economic system was exposed to three influential shocks, whose outcomes and negative repercussions took comprehensive dimensions in the geography of the European continent and many countries of the Arab and African East, which are:

The Second Gulf War

The 9/11 attacks

Corona virus outbreak

The IMF-International Monetray Fund, more than a hundred international organizations, including (Hugh from Rights Watch) announced in a statement published at the beginning of this year:{The International Monetary Fund should reconsider its conditions in the time of Corona}, and because it has become heavy on developing and poor countries, which are difficult for them even to buy vaccines for the virus, and because its conditions have an intrinsic relationship in drawing the social and economic scenes in alleviating the exacerbation of poverty and inequality of rights

The social and economic ones for those peoples, including the Iraqi people, whose social and economic consequences I am about to mention in this article, and I mention that the IMF is one of the fiercest economic institutions in the world that intersects with the application of neo-liberal policies by exploiting the passage of countries in economic crises to lend them money for rescue provided that dictates are applied The International Monetary Fund is unfair and arbitrary, but with this and that the International Monetary Fund can be considered (immediate palliatives to exacerbate crises).

Here, I recall the popular proverb (what drives you to bitter other than it), which is to resort to selling crude oil and its negative future outputs in transforming Iraq into a rentier state with a single economy, and submitting to the capabilities of oil prices subject to the fluctuations of the OPEC market and the obsession of Saudi Arabia and Russia, which are the two main sources in the world. To nightmares that disturb the budgets in Iraq in particular, so he rushes to the International Monetary Fund, or say: The International Black Box!!!???

Estimates indicate that Iraq possesses the second largest oil reserves in the world, and the estimated number is (143) billion barrels, according to recent geological surveys. The seventies of the last century were years of economic prosperity in modern infrastructure and good education and health systems. Destructive, absurd wars, subject to international sanctions, and an unjust, destructive, and stifling economic embargo. The Iraqi people paid their heavy bill, in which they lost their economic and even moral system, and hindered their progress (extracts from a programmatic memorandum issued by the Executive Board of the International Monetary Fund 2010).

And here is the horrific disaster when Iraq is forced to the International Monetary Fund or, excuse me, (the black box) in mortgaging future generations of heavy debts due to the financial deficit, which is estimated at (130) billion dollars.

Moreover, Iraq lacks the Sovereign Fund, which is a saving fund owned by the state as an element of sustainability in providing cash, and it is one of the state’s surpluses for investment. It is a fund that is not new, but rather used by some Gulf countries such as Qatar and Kuwait. Do we have such a positive and utilitarian phenomenon?! Excess money is subject to theft and looting!! And when the government arrives today, unable to pay the salaries of employees, it could have established the Sovereign Fund and put an end to the rampant corruption in all parts of government institutions.

The International Monetary Fund is a specialized agency of the United Nations system, established by an international treaty in 1944 to work to enhance the safety of the global economy. It includes encouraging international cooperation in the monetary field, facilitating international trade, stabilizing the exchange rate and strengthening confidence among international banks, and the sources of its funds from the contributions of those countries in the form of profit-benefiting shares of interest rates added on international loans (International Monetary Fund official website - in Arabic, adapted) .

Iraq in the arms of this black box / The meeting of experts of the International Monetary Fund missions and the Iraqi authorities was in the Jordanian capital Amman on November 17 to 21, 2017, and the goal of these dialogue meetings for more than a week was to reach the so-called (internationally) credit readiness (which gave the government a boost in Prepare for the preparation of the 2018 budget to be parallel and in line with the credit readiness, which is the key to the satisfaction of the International Monetary Fund, and the International Monetary Fund’s rejection of the federal financial budget for the year 2018, which the Iraqi Council of Representatives voted to pass recently, and the Fund’s responses to the rejection are:

1- Iraq is obligated to implement a set of conditions, including canceling jobs, and not adding financial burdens to the budget.

2- The Fund’s refusal to include the government in the budget by decisions to confirm contracts and return their contracts, and one of the repercussions of slavery is the harshness of alienating conditions for the Fund is its blatant interference in some matters of sovereignty by applying international pressure. 2018 stipulated that the government pay 10 trillion dinars to the regional government to relieve its financial hardship and dismantle the Kurdish street demonstrations demanding their rights to their monthly salaries cut for a long time under the pretext of compulsory savings.

Arbitrary terms of the International Monetary Fund?!

And the budget deficit is what pushed Iraq into the arms of the International Monetary Fund and succumb to its arbitrary and painful conditions under the pretext of the drop in the price of a barrel of crude oil to less than 40 dollars since 2011 and subsequent years. The Fund agreed to lend Iraq 4-5 billion dollars over a period of three years and with these conditions:

- Paying all overdue dues to foreign oil companies operating in Iraq since 2016. 2- The loan period is over three years.

It includes the terms of economic reforms in Iraq, which include an increase in taxes, customs fees, electricity fees and banking supervision in the fight against administrative and financial corruption and money laundering.

The government was put under pressure from these arbitrary conditions and tended to austerity and the imposition of taxes that inflame prices and lead to chaos and social and economic confusion.

- Reducing the subsidy for goods that were subsidized in large proportions, which was one of the consequences of this condition is the harassment of the citizen’s bread, so he lifted the subsidy on bakeries, where it reached 100% instead of taking four baskets per thousand Iraqi dinars, he got only two (in 2018). 7- Liberalizing the prices of fuels of all kinds: gasoline, white and black oil, and liquid gas. 

8- Increasing the prices of civil services, foremost of which are water, electricity and communications, in preparation for their complete liberalization, selling state assets, and implementing the privatization program in most service fields, such as privatizing electricity, water and sewage sewage. 9- Imposing a value-added tax of 15% on the prices of goods and services. 10 - Putting pressure on the civil service law, through which hundreds of thousands of employees in the state's administrative apparatus are dispensed with.

Floating the local currency*: Instead of advising on addressing the causes that led to the budget deficit, he resorts to the most insidious way, which is the floating of the local currency, or the treatment of the single-rental economy that depends on selling oil by 97%, without providing an extensive study or encouraging

 He requested those development studies in the advancement of economic sectors such as agriculture, industry and tourism, and we did not find a sincere plan with the International Monetary Fund to increase the production of the country’s exports that suffer from financial and economic problems and crises, and calculate the country’s foreign exchange earnings, and we did not see a plan to fight corruption, poverty and unemployment, and we did not hear from The owners of the Fund’s decision about the danger of not separating the state budget and personal bank balances in foreign banks, and did not touch on the disasters and ploys of the Central Bank in the process of “currency sale auction”

Exposed from under the cloak of the owners of private banks and some of the government in public laundering of billions and the extraction of hard currency, even at the expense of its cash cover for the assets of the Central Bank.

And that this inability, waste of public money, and randomness in economic programs cannot be attached to the International Fund’s peg as much as the necessity imposes real and real disclosure in the wrong government policies and mismanagement that prompted the government to resort to the International Monetary Fund, and the ISIS war inevitably seems to be a war of attrition that burned the dry and green. With terrifying billions figures, for the year 2011 and 2013, the price of a barrel fell to less than $40, and the reason is inevitably due to the government’s setbacks in financial mismanagement and the absence of planning. It is not easy, but it will take long and lean years.

Causes of indebtedness and indebtedness:

Import dependency, rentier economy, manipulation of the fate of cash reserves, absence of central tax and customs controls on imported goods, non-submission of border crossings and some airports to the authority of the government, lack of contribution of the industrial and agricultural sectors in the development process, the contribution of industry may be 1% and agriculture 3% The absence of the investment factor in the country in general, bureaucracy, nepotism, nepotism, administrative and financial corruption, the rise in monetary inflation indicators due to economic depression, unemployment and poverty, the heavy legacy of the former regime in an exhausted economy mired in absurd wars and heavy debts to the neighbor Kuwait, which brought Iraq under Chapter VII that black hole The one who swallowed billions of the money of the Iraqi people, who has no elegance or camel, and the absence of national loyalty and its rent to bloc, factional and partisan loyalty, which was the victim of the Iraqi economy, which constitutes a perpetuation of crises for the Iraqi citizen.

A "brief" description of the miserable state of the Iraqi economy for a decade and a half, for lean years?!

The percentage of dumping in the market system reached 95%, which completely paralyzed the internal industries of the private and public sectors, and the open market policy led to flooding Iraq with cheap and vulgar luxury goods, and perhaps the great disaster would be carcinogenic and polluting, as long as the consumer lacks the market culture and its followers are obsessive with purchasing.

- Decrease in foreign exchange for the assets of the Central Bank, which is a cover for the local currency.

- The country is a rentier state and remains hostage to natural rent, and the economic activities contributing to the budget income disappear, and one of the disadvantages of the rentier economy is that the state possesses surpluses of capital. The economic and social system has developed, and one of the negative aspects of the rentier economy is that it pumps out huge money and the government uses it (as a drug) to absorb the anger of the street, while its other face leads to the encouragement of imports and the expulsion of the hard currency that governments obtained from oil, and the rentier state is exposed to economic turmoil as long as it is connected in place to the market global, and a good example:  The drop in the price of a barrel of crude oil globally from 110 dollars per barrel to less than 41 dollars, and the negatives of the unilateral economy were not political, economic and social, but included the (ethics) of work in the spread of dependence and inflation of the administrative system framed by the bureaucracy and most likely the assumption of hereditary dictatorships as is the case in countries Khalij for family control over wealth.

- The common and daily phenomenon of money laundering in the currency auction of the Central Bank, that the term is a modern alternative to the hidden economy, black economies or shadow economies, these illegal money gained from bribery, embezzlement, commercial fraud, counterfeiting money and rewards for espionage activities, theft, looting public money, facilitating prostitution and drug smuggling Smuggling oil, smuggling antiquities, smuggling children, trafficking in human organs, gambling club profits, manufacturing narcotic plants, kidnapping and detaining people, are mixed with legitimate funds to hide their forbidden source and get out of legal accountability after shadowing the security authorities.

Finally/there is no real solution or magic wand in tackling the problem of this clinically ill economy because it is all a moral issue

Unfortunately, this moral system has been ruined by the arrogant and aggressive American occupier, and these societal and shaky economic phenomena that are subject today to a high-speed digital electronic system in the communication of those Iraqi, regional and international mafias within a spider network with the help of the lame American democracy should not be underestimated. : That these terrifying billionaire mafias are protected by (some) political decision makers or what they call the brutes of power ----!!!??? And its disastrous outcomes (economic randomness and unthoughtful and unprogrammed planning).

And that the development of the Iraqi economy in all its productive and service sectors is contingent on dismantling the unilateral or rentier economy, and spreading a culture of loyalty to the homeland, not to factional and mass affiliation, in addition to oversight and governance!!! The neglect of all the governments that have ruled Iraq since its founding in 1921 and even the governments of today in neglecting (natural gas) and leaving it burning like eternal fire, and they did not have a conscience to invest in it at the time to treat the single economy and change the situation of the people, and here the World Bank announced in July 2021

{Iraq is the worst country in burning natural gas in the world after Russia}!!!???.

_______________________________________________________

* Floating the local currency: is to make the exchange rate free from the authority of the state and the central bank, and it is decided automatically in the currency market through the mechanism of supply and demand, and it is the most tragic condition when the money is at the mercy of whales of greedy speculators, which will negatively affect the value of monetary assets in The central bank and the catastrophic result of poverty, unemployment and outrageous prices.    LINK

MilitiaMan and Petra "The Perfect Trifecta!" 8-6-2021

KTFA:

FROM MM & PETRA:

MilitiaMan:  Good evening. Aside from any triangulation that has been done by me and others, and that we have from gleaned from just about all 4 corners of the world support that our event we are waiting for is just about upon us.

 Pointing out that the debt ceiling issue lately is real and it too, upon us again yesterday. They are to extend the debt ceiling by a couple days by doing another Bond Sale for Tuesday - Wednesday next week for 126 billion. The link I’ll provide shows at a present burn rate real close gets them a UST a mere couple days allowance, if that.. lol

Before I received the news article yesterday about that increase, I was called by a source. I was told there would be an additional allowance of time for things to take place and there we have it, imo that increase buys time. Imo we are seriously close now.

MilitiaMan: Keep in mind countries own foreign reserves. We are seeing a change for Iraq to a market economy. Not another devaluation. We are to see and should expect a digital transformation that gets Iraq into a market economy, exposes a rate, opens the 2021 Budget and on into the WTO, etc..

It appears now they apparently have had Kadhimi and his peeps have a Q&A session for the citizens. Results still yet to be known. It was said to start tomorrow. It has and or was moved up. There may have been a Tit for Tat situation going on. The UST needs Iraq and Iraq needs the UST.. Nothing new. It is negotiations.

The WTO knows full well about that topic too. Either way what we see from just the news of late that this time  is so very compelling that the final push to a market economy is upon us.

I have no need to address the idea of December. It is folly and un supported imo. This is a digital transformation not a devaluation internally.. We are in uncharted waters and that means anytime this can roll out when all is in line and in sync.. Digitally...

The emergency 126 billion bond sale buys them only a couple days at an approximate 35 billion - 48 billion + a day burn rate and even less if over that.. My view we are seriously coming to the end. Let’s see what Kadhimi and clan have to say tonight.

The bond sales are next week and the original burn rate for August got them to forecasted time frame of about out to the 13th-14th real close and then add a couple days from the 126 billion addition gets us to about the 15th - 16th.. Unless they had an escrow time line that may have been missed..

Therefore, they may need to have little time to fund the debt with other means. That last
126 billion may have been a pressure and clue to as why Kadhimi sped things up today.

We shall see of course.. I don't hear any sleigh bells yet.. lol imo ~ MM It is all in Gods hands be sure!! ~ MM

https://news.yahoo.com/treasury-announces-auctions-raise-126-131307484.html

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

MilitiaMan  "The Central Bank calls on exchange companies to follow up on the banned names 3rd August, 2021 The Central Bank of Iraq would like to emphasize the controls of money laundering and terrorist financing for companies brokering the sale and purchase of foreign currencies, which stipulated (the need for companies to follow the names prohibited from dealing received from the official authorities concerned with this) Therefore, this bank calls on your respected companies to own an electronic system that includes the daily movements of their activities, with the necessity of linking this system with the international and local deprivation lists supervised by the Central Bank of Iraq"
 

" Therefore, this bank calls on your respected companies to own an electronic system that includes the daily movements of their activities, with the necessity of linking this system with the international and local deprivation lists supervised by the Central Bank of Iraq""

Electronic System

MilitiaMan:  Linking with the international system!! OR Linked?

Al-Kazemi: The White Paper is a Strategy for a Prosperous, Modern, Productive Iraq

That needs linkage

Gulf Cooperation: "During the reception, they discussed aspects of cooperation between the GCC countries and the Republic of Iraq and ways to strengthen relations, in addition to discussing the developments of the electrical interconnection program, developments in the regional situation and issues of common interest."

Linkage.. "electrical interconnection program, developments in the regional situation and issues of common interest." imo

 Prime Minister Mustafa Al-Kazemi announced, on Monday, the third of August, the launch of the signal to start the administrative and executive mechanisms for what he said is the reform "white paper" 

Al-Kazemi wrote on his Twitter account: "Today we launched the signal to start the administrative and executive mechanisms of the reform "white paper". We promised that reform would be Iraq's road map for the next stages, and we fulfilled our promise despite the challenges". He also added that "the White Paper is a strategy for a prosperous, modern, productive Iraq that invests its enormous potential and human energies, combats corruption and stops waste

This supports my view that a directed float is what they chose to do.. "* Floating the local currency: is to make the exchange rate free from the authority of the state and the central bank, and it is decided automatically in the currency market through the mechanism of supply and demand, and it is the most tragic condition when the money is at the mercy of whales of greedy speculators, which will negatively affect the value of monetary assets in The central bank and the catastrophic result of poverty, unemployment and outrageous prices.

MilitiaMan: They need stability and they have got that support from the IMF imo

 "The largest in its history .. the International Monetary Fund provides 650 billion dollars to support countries in the face of Corona"

MilitiaMan:  Well my friends that 650 billion infusion being the largest in history is not a Christmas Gift.. lol  One that comes in December. It is about to be on us now. Lets think out side the box and off our tricycles.. lol

 Banks and lending facilities need liquidity. Deposits are debts.. Large entities tapping into lending facilities will help with a rising tide of debt.. AS in deposits. We are those that will be depositing. Banks with not enough liquidity will have the ability to exchange us.. Imo

The dilution of the SDR by adding more, may offset the tides rise.

THE UST has foreign reserves.. MASSIVE AMOUNTS……….MilitiaMan

Petra:  The US needs the funding...he really has nothing to say about it. It's numbers...liquidity, budget, rates and "INTEREST!!!!"…Almost 1/2 the money Yellen is looking to raise next week is to pay interest!!! So, that leaves, as MM indicated about 2 or so days of cashflow and then it's gone. Get why the timing is now so critical?????   PETRA

 MilitiaMan:  INTEREST is killer.. Hence the negotiations last week were imo hot and heavy.

My view is that now with Kazemi having sped up, is that the Tit for Tat has and is in play..MilitiaMan

 Petra:  Yes. And, we need to pay down our debt to reduce our expenses and increase positive cash flow....hence, the reserves, and KEY reserves are so critical....that's why we are so bullish on the next several days.  And, why we believe, K has upped his calendar!.......PETRA

 MilitiaMan:  Petra, not all debt needs to be paid down, but as much as needed helps of course. But, we have a very large economy, so not all reserves may be needed to draw down our debt to be effective.....MilitiaMan

 Petra:  Yes, now we are talking economic policy. Central banks dictate the monetary policy so now it's up to UST/FED/Congress to figure that one out...PETRA

MilitiaMan:  Yes, it appears is has been an honor system from negotiations....MilitiaMan

 Petra:  Yes MM, but he who holds he gold, makes the rules....for the most part...And don't forget the Repo Markets!!!..........PETRA

MilitiaMan:  Iraq has 40 tonnes not spoke of yet.. And or inground proven reserves.. imo........MilitiaMan

 Petra:  But, the key thing, and we agreed MM that this bond purchase, may be just a cover to buy just a little time, but for all of the world....it's Iraq's time!!! IMO......PETRA

 MilitiaMan:  Always a reason for everything......MilitiaMan

 Petra:  So, we have strong expenditures lasting us until sometime next week with the addition of the "bond" sales, we have PM K announcing on Monday the launch of the reforms. And now, PM K is talking to the citizens. The perfect Trifecta! IMO.....PETRA

 MilitiaMan:  Petra, that is what we see today.. There are no coincidences now. Interest rates from market participants may have to much risk associated with what that does to the UST books.....They need the FRs to support the move. Hence the Tit for Tat we see on going.. imo.....IT also may mean they have cut a deal.. imo yep........MilitiaMan

Petra:  Agreed MM. The major players met in DC 2 weeks ago and things have been on hyper-speed ever since. There is no good scenario for the US with out the impact of those key reserves. Absolutely agree MM…Remember, Allawi and Yellen "met".....IMO, I think we know why!!!!........PETRA

Wed. Night KTFA CC " The New Exchange Rate is in the Minutia of the White Papers"

KTFA Wednesday Night CC

8-4-21……THE NEW EXCHANGE RATE IS IN THE MINUTIA OF THE WHITE PAPERS

This video is in Frank’s opinions only

Playback Number: 605-313-5153  PIN: 319183#

Special Reports tonight from Eddie in Iraq: The CBI and GOI are talking a lot to the Iraqi people on the televisions.

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=_UcCTN9LQDE

Some "Wednesday News" Posted by Samson 8-4-2021

KTFA:

Samson:  A report identifies the places to which the US air bases will move after their withdrawal from Iraq

4th August, 2021

Today, Wednesday, the Mehr news agency revealed the intention of the United States of America to transfer its air bases to Jordan and Kuwait after withdrawing from Iraq at the end of this year.

Mehr news agency quoted informed sources as saying that “the latest agreement between Baghdad and Washington includes the withdrawal of all 2,500 American forces,” noting that “America intends, after withdrawing from Iraq, to ​​transfer its bases to Jordan and Kuwait.”

He added that "the American forces will remain in Iraq only for advisory and training purposes, as desired by the Iraqi government," noting that "the Americans want to transfer the Ain al-Assad base to Jordan because they see it as a better place to secure the Zionist regime and intercept air missiles."

He continued, "Reports confirmed that the Al-Harir base will be transferred to Kuwait."  LINK

Samson:  Deputy: Corruption operations through remittances outside Iraq

4th August, 2021

On Wednesday, Representative Arshad Al-Salihi revealed that corruption had occurred through remittances outside Iraq in the year 2020.

Al-Salihi said in a statement that (Al-Oula News) received a copy of it, that "we were surprised by the figures revealed by the Ministry of Planning that the volume of Iraq's import of goods in 2020 amounted to only 15 billion dollars, while the volume of Iraqi remittances outside the country during the year 2020 amounted to 40 billion dollars, according to what was announced by the Central Bank.

He added that "this matter means that Iraq has transferred 40 billion dollars for the purpose of importing and receiving goods worth 15 billion dollars only," noting that "the loss of 25 billion dollars should be disclosed to public opinion immediately without any hesitation."

Al-Salihi added that "guaranteeing the rights of the citizen and exposing corruption is one of the responsibilities of the government, which must not cover up for those whose hands have been stained by wasting public money, so the government must deal with transparency and not neglect the rights of the Iraqi people."

Last Sunday, the Ministry of Planning announced a sharp drop in imports during the year 2020 compared to the years 2018-2019, attributing this to the outbreak of the Corona epidemic. The official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said in a statement that (Al-Oula News) received a copy of it, that "the report prepared by the Central Statistics Organization showed that the total imports for the year 2020 of commodity materials and oil products amounted to (15.4) billion dollars, equivalent to (18.4) trillion dollars. Iraqi dinars, recording a decrease of (25.9%) compared to 2019, which amounted to (29.9) billion dollars, equivalent to (24.8) trillion dinars.   LINK

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Samson:  Where did the financial surplus from the selling prices of oil go

4th August, 2021

With the significant rise in oil prices...there has been talk again about the financial surplus provided by this rise, at a time when the budget is still incapable of twenty-eight trillion dinars.

Was the financial surplus from oil selling prices going to fill the deficit in the budget, or was it spent in other chapters, or was it still in the state treasury?

The price of a barrel of oil has exceeded the seventy dollars. The price of a barrel of oil is recovering in the sales market, achieving a lot of revenues at a time when the budget is still incapable by twenty-eight trillion dinars, which raised the astonishment of the Parliamentary Finance Committee, wondering about the fate of this financial surplus and where it was spent specifically? 

Observers of economic affairs stressed that the government must clarify, with high transparency, the fate of these funds, which, according to their estimates, suffice to fill a large part of the financial deficit, in addition to launching the private sector allocations and suspended projects.

The Parliamentary Finance Committee’s move to hold the government and the concerned authorities accountable for the financial surplus should be by adding the concerned authorities and the specialists inside the parliament building and obliging the government to submit a detailed report with numbers to see the size of the surplus and the ways to spend it.

In conjunction with the launch of the economic reform plan, the government must be transparent in dealing with such issues affecting the country's economy, and inform Parliament and the citizen periodically on everything that is spent according to what economists think.  LINK

Samson:  Deputy: Money laundering continues in Iraq

4th August, 2021

Today, Wednesday, a member of the Parliamentary Economy Committee, Mazen Al-Faili, revealed 5 points that make the decision to raise the dollar ill-considered, while indicating that the money laundering process continues in Iraq.

Al-Faili said in a statement that (Al-Oula News) received a copy of it, that "it is not hidden from any follower that the decision to raise the dollar exchange rate has negatively and significantly affected citizens in the poor and fragile classes of society, employees, and even traders and contractors," noting that "the justifications that the government made it unrealistic and unstudied for the following reasons:

1- The rise in oil prices in global markets, which contributed to a significant increase in the financial returns to the state treasury, which negates the need to raise the exchange rate of the dollar

2- The average sale of the dollar in the sale window of the Central Bank increased relatively, which means that raising the exchange rate did not stop the depletion of hard currency and money laundering operations, as the government claimed, as the data shows, for example, that Iraq sold in July 2020 an average of 183 million dollars per day, while In July 2021, he sold an average of 210 million dollars, which shows an increase in the quantities of dollars sold, which means the futility of raising the exchange rate.

3- OPEC's decision to increase Iraq's share of selling oil in world markets by 150,000 barrels per day, equivalent to (300) million dollars per month.

4- What some people claim to justify raising the exchange rate for the purpose of supporting the local product is contradicted by the decisions that granted Jordan exemptions from customs duties for hundreds of materials and the sale of oil at a low price, as well as the absence of infrastructure for national industries and many raw materials imported from abroad in dollars, which raises the cost of production and weakens its competitiveness With the similar imported product

5- After more than eight months of the exchange rate hike, we wonder what the financial savings have been achieved as a result of the exchange rate hike. Raising the exchange rate also leaked into the pockets of the corrupt!”

He added that "the points we mentioned clearly indicate that there is no need to raise the dollar exchange rate," calling on the Ministry of Finance and the Central Bank "to restore the exchange rate to what it was previously and not to invoke justifications that do not withstand the data and data that we have indicated."  LINK

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Samson:  Parliament demands the Minister of Transport to answer a question about the loss of 50 billion annually 

4th August, 2021

A document issued by the Iraqi Council of Representatives, on Wednesday, revealed a request addressed to the Minister of Transport to set a date for him to attend Parliament to verbally answer a parliamentary question by Representative Jamal Al-Muhammadawi related to a contract that incurs losses estimated at 50 billion dinars annually to the state.

The document, which (Al-Oula News) obtained a copy of, stated, “Based on Article (61/Seventh/A) of the Constitution and Articles (27/Second) and (29) of Parliament Law No. (13) of 2018 and Article (50). And (51) of the parliament’s bylaws, we refer to you the question posed by Representative (Jamal Al-Muhammadawi), a member of the House of Representatives.

And she added, "This is for the purpose of setting a date for the Minister of Transport to attend the parliament session to answer orally according to the period specified in the legal articles."

On July 18, Representative Jamal Al-Muhammadawi had asked the Minister of Transport an oral question regarding the joint operation contract concluded between the General Company for Iraqi Ports and the Gulf Neighborhood Company, which incurs losses estimated at (50) billion dinars annually.  And he demanded from the Presidency of the House of Representatives to set a date for the minister to attend the session of the House of Representatives to answer orally the parliamentary questions.  LINK

KTFA Members "News and Views" Tuesday Afternoon 8-3-2021

KTFA:

Samson:  24 Hours after his arrest, the death of a government official in Nineveh

3rd August, 2021

The director of the Nineveh Antiquities Inspectorate died today, Tuesday, 24 hours after his arrest on charges of "bribery and forgery".

"Mawazine News" correspondent in the province stated, "The director of the Nineveh Antiquities Inspectorate, Ali Hazem Al-Sumaida'i, died today after his arrest on charges of bribery and forgery, yesterday, Monday," noting that "Al-Sumaidaie died after being transferred to the hospital."

Al-Sumaida'i was arrested yesterday, Monday, by order of the Judicial Committee in charge of pursuing land fraud in Nineveh Governorate.   LINK

Samson:  Biden extends the "state of emergency" in Iraq and Syria for another year

11:24 - 05/07/2021

On Thursday, US President Joe Biden signed a decree extending the "national state of emergency" related to the situations in Iraq, Syria and African countries for another year.

"I am extending for one additional year the system of the declared state of emergency in response to the actions of the Syrian government," the decree stated.

In addition, Biden signed similar orders to extend the state of emergency regime in some Central African Republics and Iraq.

It is noteworthy that the extension of the state of emergency regime will allow the United States to continue to freeze the property and assets of a number of people associated with the Syrian government, as well as prohibiting the export of some goods.

During its war on Iraq, America declared, under an executive order, a state of emergency in Iraq, to deal with its unusual threat to national security and foreign policy, leading to the development of political, administrative and economic institutions in Iraq.

Biden said in the  decree, "There are still obstacles to the reconstruction of Iraq and the restoration and maintenance of peace and security in the country."

He added that the development of political, administrative and economic institutions in Iraq constitutes an extraordinary threat to the national security and foreign policy of the United States.”  LINK

DeepWoodz:  Part of E. O. 13303.....

A major national security and foreign policy goal of the United States is to ensure that the newly established Development Fund for Iraq and other Iraqi resources, including Iraqi petroleum and petroleum products, are dedicated for the well-being of the Iraqi people, for the orderly reconstruction and repair of Iraq’s infrastructure, for the continued disarmament of Iraq, for the costs of indigenous civilian administration, and for other pur- poses benefiting the people of Iraq. The Development Fund for Iraq and other property in which Iraq has an interest may be subject to attachment, judgment, decree, lien, execu- tion, garnishment, or other judicial process, thereby jeopardizing the full dedication of such assets to purposes benefiting the people of Iraq. To protect these assets, I have ordered that, unless licensed or otherwise authorised pursuant to my order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohib- ited, and shall be deemed null and void, with respect to the following:

(a) the Development Fund for Iraq, and

(b) all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale and marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons.

Deepwoodz:  Sounds good to me. Their oil and the development fund are protected. Goes along with the immunity of their reserves in the CBI. 

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

Samson:  Biden administration backs repealing Iraq War Authorization Act

3rd August, 2021

US Deputy Secretary of State Wendy Sherman said today, Tuesday, that the administration of President Joe Biden supports repealing the 2002 Iraq War Authorization Act, saying that it is no longer necessary to protect American interests in the foreseeable future.

"For the State Department, revoking the 2002 AUMF would not affect our diplomatic activities," Sherman said in prepared testimony before the Senate Foreign Relations Committee. Little impact on military operations.

The US Constitution gives Congress, not the president, the power to authorize a declaration of war. But that authority has moved toward the White House in recent years, in part due to the passage of the 2002 Authorization for the Use of Military Force, which has not expired.  US lawmakers are seeking to repeal it, partly because of fears that it could be used to justify a war on Iran, which neighbors Iraq, without congressional approval, but also as part of ongoing efforts to reclaim this mandate from the executive branch.

Democratic Senator Bob Menendez, the committee's chair, said he hoped Tuesday's hearing would also lead to a serious discussion of repealing and replacing the authorization for the use of military force established after the September 11, 2001, attacks that authorized the fight against al-Qaeda. "We must have a frank conversation about the scope of this mandate and the authority of Congress, by virtue of Article 1 of the Constitution, which gives it the right to declare war," Menendez said.

Caroline Krass, the Defense Department's general counsel, said at the hearing that the Department of Defense agreed that repealing the 2002 Iraq War Authorization Act would not threaten the country's ability to protect.

On July 27, US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kazemi signed an agreement officially ending the US combat mission in Iraq by the end of 2021, more than 18 years after US forces entered the country.

With the decision to withdraw the last US troops from Afghanistan by the end of August, the Democratic president will put an end to US combat missions in the two wars started by former President George W. Bush.   LINK

Samson:  The largest in its history .. the International Monetary Fund provides 650 billion dollars to support countries in the face of Corona

3rd August, 2021

The Board of Governors of the International Monetary Fund has agreed to provide the largest support in its history, amounting to $650 billion, to help countries deal with the increasing repercussions resulting from the “Covid-19” pandemic.

The fund said in a statement that the board approved a general distribution of the equivalent of $650 billion in special drawing rights units (456 billion units) to support global liquidity.

Kristalina Georgieva, Managing Director of the Fund, said, "It is a historic decision - this is the largest allocation of SDR allocations in the history of the Fund and is a vaccine injection into the arm of the global economy during an unprecedented crisis." "The distribution of these allocations will include all member countries, address the long-term global need for reserves, build confidence, and enhance the resilience and stability of the global economy. This distribution will help, in particular, the most vulnerable countries that are suffering in their quest to overcome the impact of the Covid-19 crisis."

Kristalina Georgieva, Managing Director of the Fund, said: “It is a historic decision - this is the largest allocation of SDR allocations in the history of the Fund and is a vaccine injection into the arm of the global economy during an unprecedented crisis. The distribution of these allocations will include all member countries, address the long-term global need for reserves, build confidence, enhance the resilience and stability of the global economy, and in particular, this distribution will help the most vulnerable countries suffering in their quest to overcome the impact of the Covid-19 crisis. This general distribution of SDR allocations will become effective on August 23, and member countries will receive newly issued SDR units in proportion to their existing quotas in the Fund.

About $275 billion (about 193 billion SDR) of the new issuance will be distributed to emerging markets and developing countries, including low-income countries.  In this regard, Ms. Georgieva said, “We will also continue to actively engage with our member countries to identify possible options for voluntary transfer of SDRs from the richest to the poorest and most vulnerable member countries to support their efforts to recover from the pandemic and achieve resilient and sustainable growth.”

An essential option in this regard is for member countries with strong external positions to voluntarily transfer part of their SDR allocations to support targeted lending to low-income countries through the Poverty Reduction and Growth Trust Fund (PRGT). Interest-free concessional financing is currently provided through this fund. The Fund is also looking at other options to help the poorest and most vulnerable countries in their recovery efforts. A solidity and sustainability trust fund could be considered to facilitate more solid and sustainable growth in the medium term.   LINK

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Samson: The Ministry of Foreign Affairs hands over more than 17,000 cultural artifacts recovered from abroad.. This is the fate of "Gilgamesh's dream"

08/03/2021 10:33:14

Foreign Minister Fouad Hussein announced in a joint press conference with Minister of Culture Hassan Nazim, the Foreign Ministry's receipt of the antiquities recovered from the United States of America.

 Hussein said, "The Iraqi embassy in Washington received the ownership of the smuggled antiquities and to prove their Iraqiness, just as we received the Gilgamesh Tablet from Washington." He added, "We worked to activate the file of recovering smuggled antiquities," noting that "the Iraqi embassy in Washington received the ownership of the smuggled antiquities and to prove their Iraqiness."

Hussein pointed out that "five batches of documents and antiquities have been delivered to the Ministry of Culture, and in 2021 we announce the delivery of 17,321 artifacts from the United States, 9 artifacts from Japan, 7 pieces from Holland and one piece from Italy, bringing the total to 17,338 pieces since the beginning of this year only. 

For his part, Minister of Culture Hassan Nazim said: "We will work in greater coordination and cooperation with the Ministry of Foreign Affairs to recover more of the Iraqi smuggled and looted antiquities abroad." He added, "Resolute efforts have worked to retrieve antiquities from Washington," noting that "the process of recovering artifacts from America is the largest in the history of Iraq."  LINK

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Samson:  Telecommunications unveils the largest infrastructure modernization process and adopts modern technologies for Internet services

3rd August, 2021

Today, Tuesday, the Ministry of Communications confirmed the adoption of modern technologies to provide good Internet services at controlled prices, while revealing the reasons for carrying out the largest infrastructure modernization process.

The Director of the Infrastructure Directorate at the General Company for Communications and Information, Ali Mahmoud, said in an interview with the official agency (Oula News): “The technologies used by companies to deliver Internet services to the citizen depend largely on (Wi-Fi) technologies, that is, free frequencies,” noting that “The large number of random use led to poor service provided and the difficulty of controlling the efficiency of services and prices provided to citizens.”

He explained that "the Ministry of Communications is working to start publishing new technologies that will enable the provision of good services at controlled prices, as it has begun to work on gradually improving the services provided on the Ministry's projects, as well as implementing a new and modern FTTH network throughout Iraq with a total capacity of seven million lines."  He stressed that "about 3 million and 500 thousand lines have begun to implement the network of what is known as the national project, pointing out that "there are 16 companies in the process of referral and contracting in order to launch the other 3 million and 500 thousand lines."

On the other hand, Mahmoud revealed “the ministry’s efforts to provide the best services provided to citizens and institutions by opening up to international companies such as (WhatsApp) and (Facebook) and others, and opening offices for them in Iraq,” noting that “many deliberations with these companies in order to provide Work requirements, and the ministry has embarked on the largest modernization and expansion of its infrastructure through extension projects and replacing large sections of the current national network, and contracting to modernize and expand DWDM national messaging devices from sober international companies such as (ciena), (Huawei) and (Nokia) and with large capacities and to ensure the provision of an appropriate environment for the provision of services to citizens.”  LIN

KTFA Monday Night CC "No Thank You" 8-2-2021

KTFA Monday Night CC with Frank26 and team:

8-2-21……….NO THANK YOU

Special Guest “Bluestar” tonight.

Franks team is Walkingstick, Petra, MilitiaMan and Eddie from Iraq.

A Iraq Report is given by Petra and MilitiaMan tonight.

Listen to a special  report from Walkingstick as well……

This video is in Frank’s and his team’s opinions.

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

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

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This article is highlighted in tonights call:

Al-Kazemi announces the launch of the economic reform plan within the white paper

2nd August, 2021

Prime Minister Mustafa Al-Kazemi chaired the meeting of the Supreme Committee for Reform in Iraq.

Al-Kazemi said, according to a statement by his office, "Since we launched the reform white paper to address the rampant corruption in the country and we have been working to create an appropriate atmosphere for its implementation, and our meeting today is to announce the start of implementing the administrative and executive mechanisms for the economic reform plan within the white paper."

He added, "We strongly aspire to restore the country's economy to its strength after the situation reached very low levels as a result of rampant corruption. This plan would rebuild the Iraqi economy in a sound manner that would achieve sustainable development for the country."

And Al-Kazemi continued during the meeting, "The reform plan will provide a solution to the chronic economic management crisis, which is represented by complete dependence on oil, and the lack of diversification of income sources. A comprehensive reform until it is completed within 5 years.

And he indicated that "the damage to the Iraqi economy is very great, and for this reason it is impossible to implement the reform plan in a short time, and everyone who promises to do so is delusional. Our goal is to advance the Iraqi state, not the current government. Governments go and the state remains, and for this we want with all our insistence." To restore Iraq's economic prestige."

Al-Kazemi said, "Since we took over the administration of the executive authority of Iraq, we have been working hard to implement reforms in order to get out with the least losses for all of us. The future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let's leave our interests and think about our children."

In October 2020, Al-Kazemi launched what is known as the "white paper", which extends over 100 pages, which is a "project for a solution to the chronic economic management crisis, complete dependence on oil and the lack of diversification of sources of income."  LINK

MilitiaMan : An “Exchange Rate” is a “Mechanism.

https://www.youtube.com/watch?v=gHi8mEdiHI4