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Samson: IMF: International debt has risen to the highest level since World War II

12/16/2021 00:38:06

The International Monetary Fund announced that global debt rose to 226 trillion dollars last year, recording the largest jump in one year since World War II, warning of the risks of high interest rates.

The coronavirus pandemic has caused debt to reach 256 percent of global GDP in 2020, an increase of 28 percentage points, Vitor Jasper, director of public finances at the IMF, and other officials said in a blog.

They added that government borrowing accounted for just over half of the $28 trillion increase, but private sector debt among non-financial businesses and households also hit new highs.

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MilitiaMan: What we have (see below) is the CBI giving license to ISHTAR GATEWAY Co. and the AMF (BUNA PLATFOM), both having similar FINTECH (blockchain) systems in place to do clearing of payments, settlements, collections, etc..

They can use multiple currencies to do so, internally and externally! These things are all relatively new to the ME in multiple currencies on digitized platforms. All of this within the last couple of months.

We have not seen this type of communication at this digital transformation level ever before, imo.. They are using AYSCUDA system at the global level at the borders for similar customs payments and settlements. Thus, setting up the ascension to the WTO, imo.

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Clare: FRANK TOLD US - KUWAIT WAS PAID! IMO .... WE SURE ARE "AHEAD OF THE CURVE!" THANKS SAMSON FOR YOUR HARD WORK! - GREAT ARTICLES TODAY & YESTERDAY TOO!

Samson: Despite Paying Off Debts, America Plays The Role Of Guardianship To Deprive Iraq's Wealth

14th December, 2021

Economic expert Dia Mohsen stressed, on Tuesday, the necessity of issuing a Security Council resolution to remove Iraq from international trusteeship after paying its foreign debts to Kuwait, indicating that the resolution provides for the protection of Iraq from any other compensatory claims.

Mohsen said in a statement to the "Information" agency, that "Iraq exited from Chapter VII and moved to the Sixth for an important reason, which is to ensure that the influence of the UN Security Council remains on the country," noting that "Iraq's survival under international tutelage is to maintain American influence inside Iraq."

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MilitiaMan: The UAE is going to change their work week to being like ours in the western world.. This is apparently being implemented to close out the old and usher in the new.. Their stated Fiscal year ends 12/31/2021. imo ~ MM

Samson: Finance decides to continue working on official holidays during the current month

12/11/2021 12:23:01

The Ministry of Finance decided to continue working for its employees during the holidays of this month.

The ministry said in a statement, that it had decided "to continue the official working hours on Friday and Saturday during the current month in the budget department to complete the transactions of departments, ministries and governorates before the end of the fiscal year." LINK

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Samson: Parliamentary movement to legislate a law on the distribution of wealth to the people

8th December, 2021

Wednesday, members of the House of Representatives demanded the enactment of a law that guarantees a fair distribution of wealth between governorates and citizens.

Representative Haider Al-Shamkhi said in a press statement, "We started with the specialists to prepare a legislation that guarantees a fair distribution of wealth between governorates and citizens and gives equal opportunities to all."

He added that "Article 30 of the permanent Iraqi constitution guaranteed equal opportunities for all, and Article 111 confirmed that wealth, especially oil and gas, belongs to all the Iraqi people in all regions and governorates."

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Samson: Economist on the 2022 budget : It will address the fiscal deficit and debts owed by Iraq

8th December, 2021

The economic expert, Safwan Qusay, confirmed Wednesday, that the country's general budget for the year 2022 will free Iraq from many debts, as well as addressing the financial deficit.

Qusay said, in an interview with "today news", that "it is expected that next year's budget will reach the limits of 90 billion dinars," noting that "the value of this budget will cover the financial deficit and debts owed by Iraq, in addition to securing the salaries of employees in full."

He explained that "3% of Iraq's oil imports will be released as a result of the zeroing of Kuwait's debts, as well as the zeroing of the deficit during the past year, in addition to recycling part of the surplus for the next year," noting that "the benefits of the oil-producing governorates will reach them in full with the completion of the next year's budget." LINK