Tivon and KTFA Members "News and Views: Thursday Afternoon 6-23-2022

KTFA:

Samson:  In The Document.. The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar

23rd June, 2022

Translation ......

Greetings... Based on Article (61 Seventh-c) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional reasons, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on  Iraqi citizen.  

With much thanks and appreciation.   LINK

Tivon:  Does anything else have to be added? And people thought today was going to be a slow burn into another day where things seem to dissipate into the air without any clear signs about where we are hoping the political impasse would clarify things that doesn't even require a formation of anything other then what is already ready for reinstatement.

Tivon Cont…..I told you all yesterday I will die on the hill I climbed that allowed me to get the vantage point I have that has guided me up until this point where I am along with Petra & Militia-Man being validated on a continous basis when we say the provisions in the EFSL can not happen without a rate change.

And what are we looking at today? Are you all ready? Are you prepared to enter a new economy class? Do you have your affairs in order? You are at the doorstep of brand new opportunities you never had before. Be thankful that God brought you this far. You are here now.

Take a break, and go do some follow ups on things that will help you achieve all of your goals. Research and plan your next move. You can't go any farther in this investment at this point. Nothing new can be added to this study.

You did a good job. Pat yourself on the back. Be proud of the fact that you stuck it out despite the set backs, delays, and postponements. It doesn't matter anymore at this stage. You made it. Doesn't it feel good that you were lead to this part of your investment where things actually started to make sense once this EFSL was explained and expanded upon once you understood it's roll?

How long has it been since you had such clarity that remained this consistent this long that is leading you to a real conclusion? You are not being jerked around anymore. You are not lost anymore. No one can take what has been presented to you for the past few months. Why? Well read the article.

 We are just about over the hill now. Congrats. IMO

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Ferrariman:  MO.....by law, the 15 days since EFSL was passed( but no signature by President nor entered into Gazette) AUTOMATICALLY becomes law..correct or not?

GodLover:  Theoretically yes. Iraqietically (new word lol) maybe.

JamieO:  IMO... YES It becomes law.  But it needs to be announced in the Gazette before it can be implemented.

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DeepWoodz:  Imo    Some facts that don’t rely on ego or desperation.

***ATM’s, ATM’s, ATM’s

***New currency given to CBE Governor to view, touch, and go “Would you look at that!!”.

***A law has been passed by THIS government that is synonymous with the general budget in some special way.(EFSL)

***This years budget that Allawi said is nothing like last years. 

“ Allawi pointed out that "the economic outlook in which the government deals according to the budget law for the year 2021 and cannot be continued because our vision differs for 2022."

 ***We know they have completed the budget and raised the price of oil to $90 a barrel. 

"The general budget for 2022 was prepared by the Ministry of Finance last March, according to calculating the price of a barrel of oil at $60, with a total amount of up to 150 trillion, as it may include a small part of the borrowing," he added, noting that "there are amendments that will be made to the law according to recent changes and the rise in oil prices."

“The Ministry of Finance announced that the draft budget law for the year 2022 includes securing 51 trillion dinars to finance ongoing and new projects, confirming the adoption of the price of a barrel of oil at $90 a barrel in the budget.”

The lava is still flowing. It’s unstoppable, thank you Frank. 

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GodLover:  I just wanted to comment on one of your items on the list: the ATM's.
First off, we don't know the condition of their old ATM's. The need to replace them was likely a priority with all of the banking reforms. Of course I do believe they will be able to function with the hopefully soon to be NSCN's. Will these ATM's only be turned on after the issue of the NSCN's? (New Small category notes)   No one knows the answer to that, but I would guess the ATM's will be used for some time prior to the release of the NSCN's. The new ATM's in itself, does not give us a real time-line. 

DeepWoodz:  Imo   Not your run of the mill ATM’s…

Al Qurtas Islamic Bank has partnered with Diebold Nixdorf to deploy DN Series ATMs in Iraq: the first in the country. Diebold Nixdorf will provide the Vyanmic View software to detect and prevent downtime for the ATMs as well as improve performance and reduce costs, according to a press release.

The ATMs can accept, validate, store and recirculate cash and feature a 19-inch touch display and check deposit module.

"We are proud to be the first financial institution in Iraq to deploy the new ATM technology and look forward to providing innovative services to our customers," Sara Ahmad, CEO at Al Qurtas Islamic Bank, said in the release.

"The new devices are already getting our customers' attention, and in our next phase, the ATM's integrated cash recycling capabilities will enable us to optimize cash handling and provide our customers with innovative technology that improves their banking experience."

Samson:  The House of Representatives raises its session after filling the seats of Al-Sadr with the benches

23rd June, 2022

Today, Thursday, the Iraqi parliament adjourned its session after the replacements for the Sadrist bloc voted.

And the media department of the Council said in a brief statement, that the House of Representatives decided to adjourn its extraordinary session, noting that the voting of the new representatives had been completed to replace the resigned Sadrist bloc deputies.

The session witnessed the swearing in of the constitutional oath to the alternative representatives of the independents in the Sadrist movement bloc, the completion of amendments, and the approval of the internal system of the House of Representatives, which are the two paragraphs of the agenda.

64 out of 73 deputies took the oath, as 9 deputies did not attend the session.

Yesterday, Wednesday, the Presidency of the House of Representatives called on the candidates, "the biggest losers", who have resigned from the Sadrist bloc's deputies, to attend tomorrow's session, Thursday, while six of these substitutes refrained from attending because they are among the Sadrist bloc's candidates.

The Presidency of the House of Representatives announced, on Tuesday, that the Council will hold an extraordinary session, based on the provisions of Article 58 first of the Constitution, and at the request of a number of Council members, on Thursday, June 23, at 11 am.   LINK

TSM:  Sure sounds like they got a lot accomplished....lol...Glad my expectations very LOW,  VERY LOW..so I am not upset in the least...I did not expect much...and I got it...IMO

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Samson:  Governmental Media : Implementation of the Automation Program for Customs and Tax Receipts

23rd June, 2022

Today, Thursday, the Government Media Cell announced the completion of procedures related to the automation of customs and tax receipts

A statement by the cell, received by the Iraqi News Agency (INA), stated that "in implementation of the directives of Prime Minister Mustafa Al-Kazemi and the Secretary-General of the Council of Ministers Hamid Al-Ghazi, and under the supervision of the head of the Border Ports Authority Omar Al-Waeli and with an exceptional effort of the technical and technical staff, it ended the border crossings at the ports (Safwan, Shalamjah, Umm Qasr Al Janoubi, Umm Qasr Al Shamali, Umm Qasr Al Awsat, and Abu Flous) procedures related to the automation of customs and tax receipts, through the authority’s electronic platform

The statement explained that "the experience of auditing the customs and tax receipts is an important step implemented by the authority in record time and self-effort, which contributed to preventing fraud when completing transactions related to the entry of various materials, eliminating corruption and waste of public money, in addition to maximizing revenues that go to the treasury

The electronic platform was also linked to the cultural attachés of the countries’ embassies for the purpose of receiving certificate of origin and attested invoices electronically in order to facilitate the trade process, which contributed significantly to obtaining tax and customs funds without any manipulation and fraud

And the cell indicated, "The joint team of the General Secretariat of the Council of Ministers and the Border Ports Authority, during its tour in the southern ports, was briefed on the procedures related to the implementation of what was stated in the decisions of the Council of Ministers regarding facilitating the entry of foodstuffs and consumer goods into Iraq, where the quantities of imported materials amounted to thousands of tons and trucks since Last March, in support of stabilizing food security and contributing to balancing food prices

With regard to controlling the process of preventing the entry of materials prohibited from import and in violation of the instructions, the statement pointed out that "the search and investigation staff of the Border Ports Authority was able to seize quantities of drugs and containers containing materials in violation of import controls, in addition to evacuating all containers containing materials. Chemical and dangerous, in implementation of the recommendations of the Diwani Order Committee (18 of 2022)

LINK

Tyson: Game Time. The ATMs are ready. AYSCUDA is ready. BUNA Platform is ready. General Tax Authority is ready. Now Customs & Tax are ready. The HCL/Oil & Gas is ready. The EFSL is ready. And the contracts are signed. Where else to go from this point?

No wonder the Minister of Finance Ali Abdul-Amir Allawi said that they are keen on implementing the EFSL. Everything is prepared for roll out. The hard currency reserves are covered so they can deal with any inflation from the onset of reinstatement if any were to occur.

All of this occurred without a seated government or 2022 Budget. I mean they did say the White Papers/EFSL operate outside any political conflicts. Which should be evident to everyone at this point.

They precautionary measures in place will ensure and maintain the Security & Stability given the recent opening of the Green Zone 24/7 around the clock accessibility for the people of Iraq. This week into next is shaping up to be jam packed with events that will be historic but very dramatic in the days ahead. –

North Korea called an emergency meeting. Roe vs wade tomorrow. Kash Patel said in interview that he speaks for the Trump org and that he is Declassifying everything in the sussman Case next week. SA is meeting with Turkey. The DS is going to cause a major s**t storm to distract from all of these as it will cause a major collapse in their power base. IMO

Tivon and KTFA Members "Dinar Rate Info" Wednesday 6-22-2022

KTFA:

Samson:  Most notably, fuel and food.. Al-Kazemi’s advisor: “relative” control over prices and food security will support us

22nd June, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Wednesday, that the government has "relative" control over the prices of fuels and foodstuffs in the country, and while he indicated that the Food Security Law will support this, he stressed that monetary policy is able to curb inflation.

Saleh said in an interview with Shafaq News Agency, "The cash flows in foreign currency to Iraq are high and it is in the hands of the government and is considered one of the important things to support prices," noting that "the emergency law's function is to support prices, reduce and confront inflation and maintain the standard of living and cash income from high prices of foodstuffs and fuels." 

Salih added that "fuels in Iraq, some of them are imported, and their prices are fixed as a result of the support, although the world's gasoline prices are doubling, but there is support for these prices, as is the case with the ration card."

The financial advisor to the government indicated that “there is relative control over prices, and the emergency law will support this control over prices, and there is control over inflation that is based on financial policy tools,” adding that “in the event that prices develop, the reserves of high hard currency and monetary policy will interfere with its tools in a way it is more effective to stop or limit any price hike.”

Saleh pointed out that "the prices are still controlled by government support such as fuel and foodstuffs, and all government services are fixed at prices and there is zero for customs, and taxes have been greatly reduced."

For his part, the Minister of Finance said in a statement received by Shafaq News Agency that "the emergency support law for food security and development came to reduce poverty and achieve financial stability," noting that "the ministry is keen to implement the paragraphs of the emergency support law for food security and development, which the House of Representatives voted on recently." 

Allawi clarified that "the ministry is committed to financing all the assignments listed in Table A of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduate degree holders and graduates from among the first whose contracts have been terminated by the security and military services."

The minister added that "the aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising the standard of living for them."    LINK

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Tivon:  There it is Ladies & Gentlemen....if you needed to hear it again. I went over this particular point regarding the hard currency reserves that support Iraq against any inflation.

This means they can come out at a comfortable 100,000/100 USD at anytime.  Which is basically a flat rate of 1:1 if you divide 1 by 100,000 IQD.

Until Iraq has a reinstatement of their Dinar you will keep seeing the emphasis on this EFSL. This will not slow down. Saleh said almost a couple of months ago The rise in Iraq's hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability," stressing that "the Iraqi dinar is approaching full coverage of hard currency reserves in light of the current exchange rate.

He also said that "these reserves maintain the purchasing power of individuals, as it preserves the real income of the individual from fluctuations in the event of the deterioration of the dinar, and at the same time it is a way to curb any large inflation that may occur in the future by following a strict monetary policy," noting that "one of the functions of these reserves is one of the hard currency is to curb inflation if prices continue to rise.”

Anyway I will list a simple way you can determine how much the rate is regardless of what it comes out at. Always divide by one dollar.

$.86 = 1.162…….. Exp (1.00 ÷ 1.162 =.86)

$1.00 = 1.000

$1.17 = 0.854

$1.86 = 0.537

$2.00= 0.500

$2.50 =0.400

$3.00 = 0.333

$3.22 = 0.310

$3.46 = 0.289

$3.50 = 0.285 

$3.86 = 0.259

$4.00 = 0.250

$4.10 = 0.243

$4.40 = 0.227

$5.00 = 0.200

So if you have 1 million in Dinar. And the rate comes out at 1.162 on the Forex. You divide that by one dollar and it will be .86 cents. Which will net you 860,000.

DCDriver:  What am I missing? It's 100,000/100 not 100,000/100,000  

Tivon:  Remember this article below? He basically gave you the base exchange rate. Once again it was overlooked. Internally this would be for them. Not you.

Article June 10th 2022

Quote: The manipulation of currency exchange rates and the increase in the price of the Iraqi dinar against the dollar had significant negative effects, including raising the prices of materials in absolute, without an increase in salaries. Decision-makers and policy makers in Iraq, to ​​have a role in the half of Iraqi society, especially after the huge financial abundance of hard currency.

 Accordingly, we suggest that the exchange rate of the Iraqi dinar against the dollar is 100 thousand Iraqi dinars for 100 US dollars, and I think this is the real fairness to the Iraqi citizen, and give him something of interest, vitality and well-being, because he suffered what he suffered from instability and psychological, social and economic discomfort. End quote 

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Tivon:  Read the first comment with the rates because that is how it will come out on the Forex. Forget about the article quote. We are talking about once the external rate (Our Domestic Exchange Rates). That way we kill the confusion. So just focus on the original comment with the listed rates. 

The original post with the base rate .86/1.162 is the lowest the Dinar can come out at on our end. It will only go up from there. Just divide by 1.00 at whatever it comes out at on the Forex. Keep in mind that .86 will not show on the market. Only 1.162 (On Forex) which will result in .86 after you divide by 1.00. IMO

DoTalktoME:  .86 x 1,000,000 =860,000
I do appreciate the graph…….I printed this off for future reference

Tivon:  There you go. You got it. That's it. Simple math. No one can get over on you. Sorry for the typo. 

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Daytrader:  Tivon’s exchange rate chart is correct IMO.  This is another way of explaining how to get to Tivon’s rate chart.  The article Tivon references did state a fair rate would be 100,000 to $100.  We’ve also all seen multitudes of articles talking about removing the three zeros.  I believe the three zeros will be removed from 100,000 to $100 to become 100 IQD = $100; or 1:1.

Also keep in mind that FOREX will have only one figure represented for the IQD/USD exchange rate.  Short lesson: an exchange rate has both a base currency and a quote currency; base/quote.  For example USD/KWD is the US Dollar versus the Kuwait Dinar.  The base currency is the USD since its listed first, and the KWD is the quote currency. 

The question being asked with this formula is how much of the quote currency does it take to buy one unit of the base currency, or how many Kuwait dinar does it take to purchase one USD.  The base currency is always 1 unit of the country’s currency and is usually omitted since it’s a fixed number.

Based on today’s current exchange rate, it takes less than one Kuwait Dinar to buy one USD; or $1 = .30668724 KWD.  To switch the equation to KQD/USD changes the question to how many USD does it take to buy one KWD, divide $1 by .30668724 IQD.  The result is 1 KWD = 3.26128 USD. 

This link is for the XE.com website that allows you to switch different currencies in both sides of the FOREX equation; https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=KWD.  It’s easy to use and allows comparisons between every currency traded on FOREX.  All in my opinion

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Tivon:  Correct. Which is why I posted a simplified version so matter what is shown on the Forex they can just divide by 1.00 and the real rate from which they will exchange will be revealed. Which would be the base .86 rate or higher. IMO

We are definitely closing in on the target. We are just waiting for the other shoe to drop. God Bless. 

MilitiaMan and Tivon "EFSL Update- Anytime Now" 6-22-2022

KTFA:

Samson:  Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development

Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi confirmed that the ministry is keen to implement the provisions of the emergency support law for food security and development, which the House of Representatives voted on recently, including Article (18) first.

Allawi said in a statement, "The ministry is committed to financing all the allocations listed in Table A of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduates from the first and whose contracts have been terminated by the security and military services."

He added, "The aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising their standard of living."   LINK

Tivon:  I told you all they will keep hammering down on this law until it is printed published and implemented. They will keep coming with more information as we inch closer to the inevitable reinstatement. Unemployment, financial stability, or reducing poverty can only start with one thing my people. You already know what that is. IMO

MilitiaMan:  Depending on when ones clock is started on the EFSL, it was voted on 06/08/2022. !5 days to be law with out signature is estimated to be today or by tomorrow.  With the Finance Minister being keen on implementation today, is a very positive sign. He is the legal side of the check book.. Lol The CBI just has the cash.. lol It may have to wait to be published, but, effectively it is law once the 15 day is up which would be in my opinion anytime now.. ~ MM

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MilitiaMan:  Sounds like the Finance Minister has a vision that the ESFL is set to be implemented.. The present government has the necessary powers to allow that keenness that which the Finance Minister has to implement the provisions is to be done.

 I have a strong feeling everyone wants the same thing. Hence, there were no appeals to EFSL. Interesting timing too.

Tomorrow there is an emergency session with the HOR and there are interesting things on the table. Of which may be additional resignations from the Sadr block (secondary candidates) that may take an oath to only then resign as well.

Then today there is notice of another right bloc that is in line to today the same. So, the emergency session may be a little different than we may or may not expect.

The PM under emergency circumstances can use necessary powers to make sure things like the Finance Minister has a keenness for and other items that may need to be done, as in the potential of the dissolution of the parliament.

All that is slated for tomorrow which looks to coincide with the EFSL being law as the 15 day period would have expired by then.. Very fascinating times.. imo

We shall see in short order how things play out.. ~ MM

Tivon:  Man, I may just stay up a little later tonight and scour the webs for updates. Because it is very interesting that this meeting is taking place on the same day as the 15 day deadline. Militia-Man, let's see how tomorrow shapes up. 10/4 over and out. 

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TSM:   If this law is "so important"....and desperately needed.....WHY didn't it get signed into law on day 1 and put in the Gazette?  

Tivon:  Petra, gave us reasoning regarding the political components sense this is meant to carry the Al-Kazemi cabinet throughout the rest of the year. So once dissolution is official he along with The President of The Republic will be a defacto government by default of GOI not being seated. Which is why signing it would have been premature because they are not official yet as far as enacting everything needed for the law to work. IMO

MilitiaMan and KTFA Members "Rounded Third and Heading Home" 6-21-2022

KTFA:

Samson:  Shaswar Abdul Wahed : The best way to form a government is to call on Al-Sadr to reverse his decision

21st June, 2022

Today, Tuesday, the leader of the New Generation Movement, Sashwar Abdul Wahed, stressed that any political process without Mr. Al-Sadr will not be integrated.

In his blog post, which was followed by the National News Center, Abdel Wahed called on "the leader of the Sadrist movement, Muqtada al-Sadr, to reverse the decision to withdraw, or call for the dissolution of the House of Representatives and call for new elections."  LINK

MilitiaMan:  From the sounds of Sadr's history on the matter, it looks likely that Sadr will not back down on the resignation nor will he allow anyone in his bloc to do so either. The next best thig is to call for the dissolution of the House of Representatives and then call for new elections, imo.  I look forward to an announcement of the dissolution and quickly. The Finance Minister has his job already done for the CBI. My view is the final direction which the HOR goes, is likely to be exposed within days. imo  ~ MM 

Godlover:  I would bet that Sadr was doing this for show or better yet a reaction. I really don't think he was planning on going anywhere. A

nd as far as dissolving parliament, this has been an empty threat with current & previous parliament members. I do not expect parliament dissolution to even be a real option. The best solution for us & their citizens would be to give the current caretaker government full powers. New elections would just mean more waiting & a pointless outcome. 

I can see the need for the EFSL for immediate citizen needs & to enable their country to operate until the political impasse is dealt with. Then they can focus on the 2022 budget. God willing this endless ride will conclude some day.

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MilitiaMan:  9-04-2022, 15:28

Baghdad-INA 

Supreme Judicial Council, Faik Zeidan, published an article regarding the term caretaker and emergency governments.

The following is the text of the article published by the Supreme Judicial Council website and viewed by the Iraqi News Agency (INA):

 The indication of a particular phrase on the intent of the constitutional legislator may be explicit so that the possibility of its conflict is excluded, and this phrase is described as being explicit on the intended meaning. Here it is said that this phrase is apparent in this meaning, so the text that indicates one meaning is described as an explicit text, as it is explicit in this meaning and has no other meaning .

Days until the formation of the new Council of Ministers) as stated in Article (64/Second) of the Constitution (the President of the Republic, upon dissolving the House of Representatives, shall call for general elections in the country within a maximum period of sixty days from the date of the dissolution, and the Council of Ministers in this case is considered resigned and continues to conduct daily affairs).

In both articles, the intent of the phrase (the Council of Ministers) is to denote the (caretaker government) according to the contextual and customary meaning that reaches the mind of the reader.

The same case applies to what is being used in the term (emergency government), and here too there is no explicit text of this name. Rather, it is stated in Article (61/Ninth) of the Constitution (A- Approval of the declaration of war and a state of emergency by a two-thirds majority, based on a joint request from the President of the Republic and the President of the Republic.

 C- The Prime Minister is empowered with the necessary powers that enable him to administer the country’s affairs during the period of declaring war and a state of emergency, and these powers are regulated by law, in a way that does not contradict the constitution)

From this text, the apparent meaning of the phrase (the Prime Minister) mentioned in that article is the indication of the (emergency government) that exercises the powers necessary to manage the affairs of the country during the period of declaring war and the state of emergency, according to the contextual meaning of the sentence and the customary use of this phrase .

https://ina.iq/eng/18722-the-term-caretaker-and-emergency-governments.html

MilitiaMan:  For this article to be even printed and the topics in it doesn't support they are empty threat oriented. Dissolution of the House of Representatives is and can be a very real issue and it is a component of the constitution.

 In fact this article is support that there is "explicitly" no such thing as a caretaker government. It is merely a contextual meaning.  imo..

They have the necessary powers in play to do what is needed to be done.. The Supreme Judicial Council talks about emergency circumstances. The EFSL is one of them.. It is an emergency law..

 Notice the President has not signed it yet? Like won't touch it. Let it season on it's own. Thus, no real tangible credit given to anyone specific. imo.

It is still slated for the next couple days to be law.. Those in power will have the necessary power to implement it. That is the Supreme Judicial Council words not mine.. lol ~ MM

Samson:  A statement by the Ministry of Finance on the debts of social protection beneficiaries

21st June, 2022

The Ministry of Finance issued a statement on the debts of social protection beneficiaries.

The Finance confirmed in its statement that it "was keen, during the period of preparing the draft food security law, along with the concerned authorities and departments, to direct the focus towards fairness to the fragile and weak segments of society, along with the rest of the important and vital sectors, in order to provide services to citizens, reduce poverty and raise the standard of living for them."

He added that "and out of the ministry's commitment to observing the rights of these groups and relieving them, it supported the installation of a paragraph in the Food Security Law, which is the thirteenth / second paragraph, which provides for the postponement of government debts owed by beneficiaries of social protection loans."

The statement stems from, "as a contribution from the Finance to provide appropriate support for this segment, it was keen to establish the necessary financial allocations for the social protection network within the law, in addition to including various allocations to the rest of the vital sectors and segments."
The Ministry of Finance has also put "at the center of its interest in implementing the full paragraphs of the law, in a way that guarantees achieving food security and financial stability and reducing poverty levels according to the available capabilities, especially with the worrying global economic developments and the repercussions of the current international conflicts."  LINK

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MilitiaMan:  The Ministry of Finance following up on what they have in store for the citizens. Reducing poverty requires purchasing power.. It is at the center of their interest in the implementation of the law. imo ~ MM  

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Tivon:  I wouldn't understand someone reading this and the particular wording like.....Financial Stability, Reducing Poverty, or Social Protection, and not think they can achieve this without granting "Purchasing Power" which would require them not only to reinstate the currency but also installing the NSCN  (New small currency notes) inside the recently deployed ATM's to make use of that recycling feature that is specifically designed to reduce the usage of the 3 zero notes out of circulation.

Especially when you consider the (E)-in the FSL that stands for emergency powers that can be granted to a particular gentleman named Al-Kazemi given the unique circumstances of not having a seated government is a form fitting position.

The next 24-48 hours will tell us alot. Because the emergency session on Thursday will not change anything. We are in prime position right now. This is unfolding beautifully.

Didn't Hakim Al-Zamili state he would follow up with the "Relevant Authorities" once the law became enacted? Now you see in this article them mentioning this exact motion to prepare for economic restoration.

 I know one thing someone is about to hit it out of the park for us in the 9th inning over the fence with a nice jog to home plate. IMO  ~ Tivon

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MilitiaMan:  Absolutely will they follow up on the EFSL.. There is necessary powers in play. The Prime Minister has them during emergencies.  Hence, as we rightly can see the Emergency Food Law is on the table over the next day or two real close.

I wonder if the follow up of "Relevant Authorities" may include the "Minister of the Interior", the borders are going to be very active with imports and exports. The automation of the new systems are to be utilized for tracking all products and mechanisms.

The new currency will require very close monitoring, especially if a float in instituted. The CBI, State and Private Banks will need to defend the currency, just as the AMF does with their AAD.

Getting very very good these days. Rounded third and heading home.. lol imo ~ MM

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MilitiaMan:  One day closer.. The EFSL is slated for tomorrow and or the 23rd to be law, whether it is signed by the President or not, as if it is not, it becomes law after 15 days regardless.

As for the emergency session, that got put out to the 23rd for the HOR to potentially seat a government with Maliki wining some 120+- seats. I see that is not likely. As Sadr has told us the second deputies in line can take the oath and then hand in their resignation papers. However, even that scenario may be mute, as the constitution grants in emergency circumstances the Prime Minister "Necessary Powers" for the citizens well being.

 The Emergency Food Security Law is an emergency.. Therefore,. the PM and along with the CBI may front run the postponed emergency session, as he (PM) has the "necessary power" to do as seen fit for the benefit of the citizens.

The White Papers are imo in the EFSL and so is the power to dissolve parliament, hence Sadr going relatively quiet. Why else would he? That is his confidence showing for my basis on that matter. That right there, once the law was voted on 06/08/2022, Sadr has been quiet for the most part, except where he states the secondary deputies can take the oath then resign.

Thus, setting the stage for the dissolution of the HOR that may take effect, if not then, then prior to that oath ever being taken, necessary powers may be invoked ahead of the 23rd emergency session.. We will obviously see how this plays out. But, if we are spot on? We are golden Egmont ISO GENE Therapy eggs.. lol ~ MM

Some "Tuesday World News" Posted by Samson at KTFA 6-21-2022

KTFA:

Samson:  The Russian Central confirms the need to de-peg the ruble exchange rate from the dollar and the euro

21st June, 2022

The Vice President of the Russian Central Bank, Alexei Zabotkin, stressed the need to de-peg the Russian ruble exchange rate from the dollar and the euro, given the unprecedented inflation they are experiencing.

We must realize that any ideas related to targeting the exchange rate, if implemented, will inevitably lead to a decrease in the effectiveness of the country's economic policy and a loss of its independence," Zabotkin said at a hearing in the State Duma, according to the Russia Today news channel, today, Monday. Middle East News.

He pointed out that the transition to targeting the exchange rate would mean abandoning the independent monetary policy in Russia in favor of the country to which the ruble exchange rate is linked, that is, the United States or the European Union.

And he called, not to link the ruble exchange rate to reserve currencies, such as the dollar and the euro, because inflation in Europe and the United States is high, reaching 8-10%, and not as it was during the last four decades, stressing that the ruble is relatively stable, and linking it to the dollar and the euro will mean the transmission of their inflation to Russia.   LINK

Cleitus:  Great call, Zabotkin! To depeg the rubble (IMO, I believe it has already depegged) from the dollar and euro and join the BRICS group of countries, is to secure your currency with gold. Another words gold-backed. So, why place this article here?  What did we say the dinar will be backed with? Is gold part of it?

Forty (40%) of the world's population and wealth are held by these five countries alone!  This does not include Iraq or the US, yet!  IMO...

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Samson:  Russia has two trump cards against the West

21st June, 2022

A Chinese expert said that wealth in energy and food resources are the main trump cards for Russia in the face of Western sanctions, which affected various economic sectors.

"The strongest cards in Russia's fight against Western sanctions are energy and food," said Xu Bolin, director of the Russian Economic Research Department at the Institute of Russia, Eastern Europe and Central Asia at the Chinese Academy of Social Sciences (AES).

The Chinese expert noted that Moscow is successfully dealing with Western restrictions imposed against Russia, and that the general indicators of the Russian economy now "do not suffer from any problems."

The expert added that at a time when gas prices in Europe rose significantly, Russia was able to increase the supply of blue fuel to the European Union by 30%, even under sanctions.

Bolin also noted that Moscow also has great opportunities to export grain, and that it will be leaders in exporting 50 million tons of grain this year, which corresponds to the level of previous years and also indicates that Russia is still carrying out its responsibilities in the international arena.  LINK

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Samson:  The European Union is studying gold as a new target for sanctions against Russia

21st June, 2022

Today, Tuesday, the European Union members are considering gold as a new target for sanctions against Russia, which are imposed by the West after Moscow launched a special military operation in Ukraine. 

And American media quoted a source in the European Union that “the European Union countries are studying gold as a new target for sanctions against Russia, which are imposed by the West after Moscow launched a special military operation in Ukraine,” noting that “European Union leaders will announce at the end of the next summit on June 23 and 24.” The current, that “work to impose sanctions on Russia is continuing, including strengthening their implementation and preventing circumvention.”

This came according to a document dated June 20, 2022 obtained by an American media, while a source indicated that “one of the following potential targets (of sanctions on Russia) is gold.

According to the source, the move aims to deprive Russia of a source of funds. Experts believe that the step, if taken, will not have an impact on Russia, as expectations indicate that the Russian balance of payments surplus may reach a historical level between 200 and 300 billion dollars this year.  LINK

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Samson:  Russian Finance proposes to form a stockpile of precious stones for packing needs

06/21/2022 17:40:40

The Russian Ministry of Finance has proposed forming a stockpile of precious metals and precious stones in a government fund, in order to meet the needs of filling, according to "Prime" agency in a report today, Tuesday.

The agency noted that the relevant draft amendments to the law on "Training and packaging in Russia" have been published in the database of regulatory legal procedures.

"Due to the lack of a mechanism in Russia's legislation on the use of precious metals and precious stones in the State Fund of Russia, a fund that includes reserves to meet the needs of the state in the field of maintaining defense capacity and economic and financial security," an explanatory note to the bill reads.

The bill also proposes the formation of stocks of precious metals and precious stones intended for needs within the framework of the State Fund of Russia.  LINK

Samson:  A European Country Imports Gold From Russia For The First Time Since The Invasion Of Ukraine

21st June, 2022

Switzerland imported gold from Russia for the first time since the invasion of Ukraine, in a new sign that the precious metals industry's attitude toward Russia in the country may decline.

This comes as more than 3 tons of gold were shipped to Switzerland from Russia in May, according to data from the Swiss Federal Customs Administration. It is the first shipment between the two countries since February

The shipments represented about 2% of gold imports to Switzerland last month. It may also represent a change in perceptions about Russian bullion, which became a taboo after the invasion. Most of the refineries swore not to accept new gold from Russia after the London Bullion Market Association removed the country’s manufacturers from its approved list, according to “Bloomberg” and seen by “Al Arabiya.net.”

While this was seen as a de facto ban on Russian gold ore from the London market, one of the largest in the world, the rules do not prohibit processing of Russian minerals by other refineries. Switzerland is home to four major gold refineries, which handle two-thirds of the world's gold.

Almost all of the gold was registered by customs as being for refining or other processing. The Big Four - MKS PAMP SA, Metalor Technologies SA, Argor-Heraeus SA and Valcambi SA - said they did not take the metal.

In March, at least two large gold refineries refused to re-melt Russian bullion even though market rules allowed them to do so. Others, such as Argor-Heraeus, have said that they will accept refined products in Russia before 2022, as long as there are documents to show that doing so will not bring financial benefit to a Russian person or entity.

Some buyers remain wary of Russian precious metals, including the pre-war minted bars that are still tradable in Western markets. LINK

KTFA Monday Night CC "What Program Rate?" 6-20-2022

KTFA

KTFA Monday Night CC

Frank26:  6-20-22……WHAT PROGRAM RATE???

This video is in Frank’s and his team’s opinion only

Frank’s 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=UvG1SdEPBt4

Frank26:  "ANOTHER ACCOMPLISHMENT TO GO INTERNATIONAL".......F26

The Governor of the Central Bank of Iraq receives a delegation from the Egmont Group

June 20, 2022

Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhif, received a delegation from the Egmont Group, to discuss Iraq's accession to the group.

During the meeting, aspects of bilateral cooperation between the Central Bank of Iraq and the group were discussed, after due diligence was taken.

His Excellency welcomed the guest delegation, stressing the keenness of the Central Bank of Iraq to strengthen relations with international organizations concerned with combating money laundering and terrorist financing.

During the meeting, His Excellency stressed that the Central Bank of Iraq attaches great importance to combating all criminal activities and eliminating sources of money laundering, terrorist financing and other financial crimes, looking forward to expanding the scope of international cooperation in the field of information exchange.

His Excellency added that the Central Bank has taken effective and proactive measures to protect the banking sector and combat money laundering and terrorist financing.

The Egmont Group is a global network that promotes communication and interaction between FIUs, (Financial Intelligence Units)  named after the venue of its first meeting in Brussels in June 1995, and aims to provide a forum for FIUs around the world to provide support to governments.

Central Bank of Iraq 
Media Office 
20 - June - 2022

https://cbi.iq/news/view/2030

##################

*info on The Egmont Group:

The Egmont Group of Financial Intelligence Units (FIUs) is an international network of FIUs. The Egmont Group is designed to improve communication, information sharing, and training coordination amongst its FIU members. Its goal is to provide a forum for member FIUs to improve support to their respective governments in the fight against money laundering, terrorist financing, and other financial crimes.

The Egmont Group supports its FIU members by helping them to expand and systematize the exchange of financial intelligence and information, improve expertise and capabilities of personnel, and enable secure communication with one another.

The Egmont Group also supports the efforts of other international stakeholders on anti-money laundering and combating the financing of terrorism (AML/CFT), including the United Nations Security Council, the Financial Action Task Force, and the G20 Finance Ministers.

https://www.fincen.gov/resources/international/egmont-group-financial-intelligence-units

Thoughts from Petra and MilitiaMan Monday PM 6-20-2022

KTFA:

Samson:  Finance: We Have Made Remarkable Achievements For The Banking Sector During The First Half Of 2022

20th June, 2022

The Ministry of Finance confirmed today, Monday, that the Iraqi Company for Banking Services, one of its formations, has achieved qualitative achievements in the areas that fall within its competencies and responsibilities during the first half of this year.

The company's general manager, Hussein Ali Muhaisen, said in a statement received by Earth News, "The company achieved, during its plan for the first half of the current year 2022, a remarkable increase in revenues by attracting the largest possible number of banks, companies and government agencies, as a result of the increasing confidence of these institutions in the services they provide.

The company in the field of money transfer and others, as well as a rise in the company’s investments index in various economic sectors.”

He added, "We are working with continuous efforts to expand the company's coverage in the field of banking services, as it is hoped to create branches for the company in the Erbil governorate and the Ramadi branch in Anbar Governorate, and we also seek, within our plan for the next stage, to increase the company's branches to include all regions of Iraq."

Muhaisin explained that "in the framework of the company's keenness to improve the level and quality of its services and keep pace with the global programs and systems used in the field of money transfer, the company will be awarded the international (ISO) certificate in the near future, in a ceremony organized by it and in the presence of all government banks and the Association of private banks and companies."    LINK

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MilitiaMan:   It looks like they are setting the stage for to be ISO compliant. We have witnessed they set up of new high tech ATMs. Once everyone is ready and integrated I suspect they'll issue the ISO certification all at once.

All banks that will be doing money transfers will have the certification. An internationally accepted criteria ISO is. They are announcing what to expect.

We can see inroads have already been accomplished and they are not waiting on any future form of government. Mind you that may or may not play out in any event here shortly, that may very well happen. It is however, not a requirement.  This is a good sign of things to come.. imo ~ MM

https://www.meadmetals.com/blog/what-exactly-is-iso-certified-and-what-does-it-mean

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Samson:  Tasmeem Alliance Invites Political Blocs In Case Parliament Is Dissolved

20th June, 2022

Today, Monday, the representative of the Design Alliance, Ali Mashkour, called on the political blocs not to run for elections again in the event of resorting to the dissolution of Parliament.

Mashkour said in an interview with Earth News that "the work is still in full swing in the political dialogues, and this is very natural, especially after the withdrawal of the Sadrist bloc, because the failure to form the government now by the framework and the rest of the political blocs is considered the failure of all."

Mashkour added that "all political blocs should not run for new elections in the event of going to the dissolution of Parliament as a last solution to the crisis, despite the lack of belief that the blockage will not be repeated in new elections."    LINK

MilitiaMan:  Those are some powerful words about the FRAME WORK.. Being a FAILURE.. They are staring at dissolution. imo ~ MM

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Samson:  'It's Over'... Sources From Within The Movement Decide The Intentions Of Overthrowing The New Government Through Massive Protests

20th June, 2022

Informed sources from within the Sadrist movement confirmed today, Monday, that there are no intentions to mobilize the masses and bring down the new government, if it is formed.

According to those sources who spoke to "Earth News", "The issue of mobilizing the masses of the Sadrist movement during this period is not on the political table of the movement, given that the current government is new and it is not possible, once the government is formed, to agitate the masses and push them to the street in order to bring it down."

The sources, who spoke on condition of anonymity, added that “there will be an assessment of the government and the way it manages the economic, political and military files, and through that the decision will come out regarding them. The people, therefore, if the people intend to leave, the current will support them.”

And she indicated that "the coordination framework is concerned, because it knows in advance that its administration of the state will fail, and the evidence for this is the nature of their discourse," noting that "failure and corruption are looming on the horizon," and he continued, "The conflict will be over who stole Iraq, and this word remains confused between the Kurds." Shiites and Sunnis.  LINK

MilitiaMan:  Sadr is playing the corrupt like a well tuned fiddle..  Sadly many seem to not see it. He is the solution not the problem. The corrupt are on notice.. Sadr, is not laying down at all.. imo ~ MM  

PETRA:  Don't you just love when an article begins with "An informed political source"....who is so "informed and political" that they do not want their name put in the article?   They must be "informed" enough to not be stupid enough to put their name on this article as the names of these potential PM's are...nobodies. 

Do you really think that the main author and editor of the WP's (White Papers) , Prime Minister Kathemi is going to see his life's most momentous work go to the hands of some nobody minister of Labor and Social-Affairs?  The world knows who wrote it, developed it, and insuring it's future success in the deployment of the ESFL? (Emergency Security food Law)   I would say...no.

And look at the crazy theatre we see now in the attempted formation of the Parliament.  There is an article by Super Samson that indicates they are trying to slot a Parliament meeting for Wednesday, June 22, which by the way is pretty close to our 15 day window of the ESFL going into law. (Interesting timing). 

For the purpose of electing new Parliamentarians to replace the Sadrists who left and resigned.  The constitution allows for those in "2nd" place from the previous elections (Oct 2021) to then get the nod to become a member of Parliament.  The problem is, 18 of the 2nd place people are also with Sadr and they also will resign.....go figure. 

Now what does Parliament do?  They do not have a "3rd" place rule in the constitution so...who will sit???   There is no solution constitutionally, so...the only solution, IMO, is dissolution!!!!   Leaving Saleh and Kathemi in their current roles and able to solidify the efforts built into the White Paper's that we know are part of the driving force in the ESFL.

And one more thing....to those who think Maliki will get another crack at being the PM which is never going to even become close.  The Iraqi constitution states that a PM can only serve 2 terms.   Don't forget that!!!!  How many terms has Maliki served????   Thus endeth the lesson!! 

ALL IMO   PETRA!!!!

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MilitiaMan:   Well done and you observations have ample support.. There is no challenge to the EFSL. There is a note that they need to abide by the constitution and not disenfranchise anyone citizen.. The politicians are being warned by the court. By not having a seated government citizens are being discriminated against. Imo!! ~ MM

The judiciary recalls the Federal Court's decision on elections

06/20/2022 18:55:28

The Supreme Judicial Council recalled today, Monday, the Federal Supreme Court Decision No. 43 of 2021 regarding the elections.

 And the parliament’s media stated in a statement that {Euphrates News} received a copy of it, that: “The House of Representatives, when it issues legislation for elections, must treat all components of the Iraqi people in accordance with the principles of equality and equal opportunities, and ensure full representation of the people in the House of Representatives, and it is in violation of the constitution. Any legislative text that does not abide by with that.”

To view the decision link,  click here  LINK

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Samson:  Oil prices fell due to global economic concerns

20th June, 2022

Oil prices fell on Monday, as concerns about slowing global economic growth and fuel demand offset concerns about tight supplies.

Brent crude futures were down 18 cents, or 0.16%, at $112.94 a barrel by 04:33 GMT.

First month prices fell 7.3% last week, their first weekly decline in five years.

US West Texas Intermediate crude recorded 109.29 dollars a barrel, down 27 cents.

Oil from Russia, the world's second largest oil exporter, is still out of reach for most countries due to Western sanctions over the war in Ukraine.

The impact was mitigated in part by the release of strategic oil reserves, led by the United States, and increased production from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+.  LINK

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Samson:  The framework submits a request to hold an emergency parliamentary session... and the reason?

06/20/2022 12:10:39

 A deputy from the State of Law bloc revealed that the coordinating framework submitted a request to the Presidency of the House of Representatives to hold an emergency parliamentary session.

Muhammad Al-Sihoud told {Euphrates News}: "The coordinating framework submitted 50 signatures to hold an emergency session to repeat the oath to the new deputies." And he indicated that "setting the date of the meeting is up to the presidency of the council."

It is noteworthy that the coordination framework's request to hold an emergency session to repeat the oath comes against the background of the resignation of the Sadrist bloc's deputies (73 deputies) and the rise of the winning candidates in their place.

A member of the National State Forces Alliance, Saad al-Lami, expected 44 parliamentary seats to be added to the coordination framework from the benches for the Sadrist bloc.   LINK

Tivon Monday AM "China-Something Big is Expected" and more....6-20-2022

KTFA:

Tivon:  The big four Chinese gold mining companies are ready to enter the game. Something big is expected.

China Gold International Resources

Shandong Gold Group

Hunan Gold Corp 

Zijin Mining Group.

All the assets are backed by 1000 Oz (~$18 millions worth) of real gold. Also they are ready to put into liquidity $1 million if everything goes well. Big players game. This is just a snippet of what was shared.

A massive shift in the financial system is about to take place. Of course the Dinar is a component. I have more on that as well. You guys are in for some explosive information over the next few days or more. IMO

Samson:  There’s a run on Chinese banks and it’s being ignored by the world

12th June, 2022

In the anatomy of an economic crisis, a bank run is the point of no return.

Bank runs occur when people scramble to withdraw cash from banks in fear of collapse. In the worst cases, banks’ liquid cash reserves are exhausted, not everyone gets their money and the bank defaults.

It’s a grim scenario which, fortunately, has occurred rarely in history.

The most significant bank runs in the United States took place during the 1930’s Great Depression. More recently, there were runs on numerous U.S. banks during the Financial Crisis in 2008.

In Asia, bank runs have also been rare. A run on Japanese banks in 1927 led to the collapse of dozens of institutions across the country. There was a banking crisis in Myanmar in 2003 which the country has never really fully recovered from. But perhaps since the Great Depression, none has been as significant compared to what is seemingly unfolding in China right now.

The Chinese bank run of 2022

In recent years it has become clear the Chinese people are losing faith in their financial institutions. There’s been anger over harsh COVID lockdowns in Shanghai recently, while the collapse of China Evergrande saw rare public demonstrations as residents faced the prospect of losing their life savings used as deposits for housing.

“Return our money” the Evergrande protestors chanted at Evergrande headquarters in Shenzhen in 2021.

The song book is eerily similar at bank branches in a number of China’s rural provinces right now.

Multiple sources contacted by Asia Markets, have confirmed deposits at the following six banks have been frozen since mid-April.

Yuzhou Xinminsheng Village Bank (located in Xuchang City, Henan Province)

Zhecheng Huanghuai Bank (City of Shangqui, Henan Province)

Shangcai Huimin Rural Bank (Zhumadian City, Henan Province)

New Oriental Village Bank (City of Kaifeng, Henan Province)

Huaihe River Village Bank (Bengbu City, Anhui Province)

Yixian County Village Bank (Huangshan City, Anhui Province)

It’s understood the banks with branches across the Henan and Anhui Provinces successively issued announcements in April, stating they would suspend online banking and mobile banking services due to a system upgrade.

At the same time, clients reported their electronic deposits in online accounts, mobile apps and third-party platforms could not be withdrawn.

This led to depositors rushing to local bank branches, only to be told they were unable to withdraw funds.

By late May, images emerged on Chinese social media of demonstrations at the front of numerous bank branches. Asia Markets has verified these images with local contacts.

According to one user on the Chinese social media platform WeChat, the protests are ongoing but are rarely mentioned in Chinese press. “It has caused widespread concern on the internet but the media attention is not high, the highest degree of concern is the four banks in Henan.”

The People’s Bank of China (PBOC) has responded to the rural bank run. It issued a statement on April 25. “The People’s Bank of China is highly concerned… At present relevant departments have launched an investigation, the People’s Bank of China will cooperate with the relevant departments, to protect the rights of financial consumers.”

Fraud scheme blamed

Following the public protests and the PBOC statement, the China Banking and Insurance Regulatory Commission revealed it is investigating fraudulent activity carried about by the Henan New Fortune Group – the largest shareholder of the four banks listed above in the Henan Province. It’s understood the commission is working with police to investigate allegations that the Group colluded with bank insiders to misappropriate bank funds.

Anti-CCP group, bannedbook.org, reported the following:

“According to a call recording between depositors and police officers, a company named Henan New Fortune Group Investment Holdings Co., Ltd. is suspected of illegally absorbing public deposits, and the amount is huge.”

Bank run contagion to “sweep across China”

 Regardless of the cause, the developments raise serious questions about the health of China’s and its regulatory oversight. The more immediate concern, however, is the prospect of contagion, which could see the (so-far) rural-only bank run spread to bigger cities. There’s evidence this is already happening.

In one of the only mainstream international media articles to report on the unfolding situation, local residents highlighted the seriousness of the situation and the likelihood of contagion.

From the Financial Times on June 9:

“Some depositors such as Xu have already lost trust in the system. The 39-year-old said he had withdrawn all of his deposits from 10 other small banks that had promised him an annualised yield of more than 4 per cent.

“Another depositor, a 30-year-old father, said he had placed more than Rmb900,000 in his village’s banks since 2020 at a return of 4.1 per cent. “I felt like being slaughtered,” he said, declining to give his name. He drove overnight to negotiate with the banking regulator in Zhengzhou, capital of Henan, in mid-May. “This is the money my wife and I have saved together since we got married. I had to lie to her that I was away for work.”

On Twitter, a video of a large line at an ICBC Bank in China (one of China’s largest state-owned banks) posted on Tuesday, June 9, suggest contagion is in progress.

Translated to English, the tweet reads “The bank card system is locked, and these people are here to unlock it. Massive runs are coming.”

Blogger, Jennifer Zeng, has reported major issues with withdrawing cash from banks in Shanghai in recent days. The uncertainty no doubt exacerbated by the prospect of more lockdowns as COVID cases again spike. “All banks in Shanghai have restricted depositors from withdrawing money… A bank run is about to sweep China,” she said.

Should the world be worried about Chinese banks?

The lack of reporting about the clear signs of a bank run in China is somewhat surprising.

As HSBC China’s Xuefang Liu puts it, “The rise of China as a global economic power has caused concern that a crisis in Chinese banking could lead to a worldwide downturn similar to the Global Financial Crisis.”

While many analysts believed China’s banking system was widely immune to the Evergrande Crisis, cracks are beginning to emerge and should this bank run intensify, already volatile global markets could be faced with a black swan event even more significant than Evergrande.

VIDEOS ON TWITTER :  LINK  LINK  LINK       Article LINK

Samson:  US pressure in vain.. Russia is flooding Asia with oil, and Iraq is among the beneficiaries

20th June, 2022

The United States is applying "useless" pressure on Asian countries, including India, in order not to buy oil from Russia, but Russian oil has become the second largest source for the Indian market directly after Iraqi oil.

The American newspaper, "Midland Daily News", stated in a report translated by Shafak News Agency, that India and other Asian countries have become a vital major source of oil revenues for Russia despite the strong pressure exerted by the United States not to increase their imports of Russian oil, in At a time, European countries stopped importing Russian oil in compliance with sanctions against Moscow due to its war on Ukraine.

The newspaper pointed out that these sales enhance the financial returns of Russian exports at a time when Washington and its allies are trying to limit financial flows into the Russian treasury, which finances its military campaign against Ukraine.

Meanwhile, the US Associated Press quoted the Helsinki-based Finnish Research and Energy Institute that Russia generated 93 billion euros (97.4 billion dollars) in revenue from oil exports in the first 100 days of its invasion of Ukraine, despite a decline in export levels. The report indicated that these revenues constitute 40% of the Russian state budget, and oil exports thus contribute as a major factor enabling the Russian army to continue its war.

The US agency indicated that oil-starved India, with a population of 1.4 billion people, consumed nearly 60 million barrels of Russian oil during 2022 so far, compared to 12 million barrels in the whole of 2021, according to the figures shown by "Kepler Company" for analysis.

The data on basic commodities, while shipments to other Asian countries, such as China, have increased in recent months, but to a lesser extent. The report recalled a statement by the Sri Lankan Prime Minister, Ranil Wickremesinghe, who said recently that his country may have to buy more oil from Russia while it is searching with difficulty for fuel to keep the economic wheel going in light of a bad economic crisis.

Meanwhile, India's Free Express Journal reported that Russia continues to make large sums of money selling oil and gas, despite being subjected to tougher sanctions around the world since the invasion. The Indian report indicated that the Indian contracts for the purchase of Ural crude oil, which is the most common type of export from Russia, during the months of March, April, May and June, in addition to expectations for delivery in July and August (about 66.5 million barrels in total), exceeding the total amount purchased during the whole of 2021.

After the report indicated that India's imports of Russian oil rose from 100,000 barrels per day in February to 370,000 barrels per day in April, and then to 870,000 barrels per day in May. The report added that Russian oil imports have now become India's second largest source after imports from Iraq, adding that India is the third largest consumer of oil in the world, and 80% of it is imported from abroad. LINK

Tivon and KTFA Members Sunday Evening 6-19-2022

KTFA:

Samson:  Al-Kazemi's advisor talks in detail about the white paper: reforms in a professional manner

19th June, 2022

On Sunday, Adviser to the Prime Minister and Executive Director of the Reform Cell, Alaa Al-Saadi, set the goals of the white paper, while noting that it was written systematically away from politics, stressing that it is not linked to the next government

Al-Saadi said in a speech during the Sixth Energy Conference, according to the official news agency, that "the white paper aims to achieve two strategic goals: the first is to initiate a radical and immediate reform program to stop the budget's bleeding and deficit and to provide sufficient financial and time spaces to start reform, and the second goal is to develop the economy and the budget." On a sustainable path to the bright future options

He explained, "Prime Minister Mustafa Al-Kazemi launched the actual implementation of the white paper projects at the beginning of August of last year," stressing that "the Reform Department cell in the Prime Minister's Office will continue to follow up on the ministries behind in the implementation process. He added, "The white paper was written to diagnose economic problems accurately and systematically," noting that "work on it is not done spontaneously or on an individual project, but through plans that diagnose the problem and determine the appropriate treatments for it

He continued, "The paper was designed to present a mixture of strategies and policies to confront Iraq's economic problems," noting that it "sought to redefine the role of the economy in society, in application of the principles of the Constitution, as well as its endeavor to improve the state's management of public financial systems and create the appropriate environment to create a dynamic and dynamic economy." competitiveness, in addition to its endeavor to restructure the financial and banking system, and to address the factors that led to low productivity in all its forms through the implementation of works and through commitment to applications

And he added, "The white paper did not forget to protect the fragile classes in society, and this tool was achieved through several axes, including achieving sustainable financial stability, economic reforms, facilitating infrastructure, providing basic services, giving priority to fragile groups, in addition to developing governance and the environment." Legal and administrative capacity to enable institutions and individuals to implement reform

He stressed, "The white paper is a paper for economic reforms for Iraq in a purely professional manner, as it did not target political factors, that is, it was not drawn in a political way, but was written in a purely professional manner and provided the appropriate environment for the development process regardless of the form of the next government, and its political and intellectual orientations  LINK

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Tivon:  Good evening KTFA. How is everyone?

Look at this article and ask yourself how many times do you have to hear it? How clear does it have to be? How many times have I gone over it? You know...the EFSL/Citizens Entitlements that is not contingent upon a seated government.

Why is it always reaffirmed days to weeks later from another political/financial figure that what is happening with the current movement aims to alleviate the economic hardships on the citizens that I constantly beat into your heads that they want this done irregardless of what is going on in the political realms.

The EFSL is designed as a bridge to the economy of the future well beyond this year which is why it was so secretive in it's process to the final vote. Which is why I think it's one of those tools operating inside the White Papers.

Everything that will be activated even in 2023 and beyond is predicated upon the EFSL. Why? Because the EFSL "Stabilizes All Contracts & Procedures". You understand the weight of that statement? Petra gave you a clue a couple of days ago.

 The EFSL is basically the official start of "The White Papers". And the Monetary/Economic Reform.

That's why in this article the guy says the "White Paper" is a mixture of strategies. Why do you think you are constantly seeing a roll out of articles about the ATMs? They didn't deploy any other time throughout your investment until the final vote on the EFSL was done. That's not a coincidence people.

 Think about what he said as far as creating the appropriate environment for everything. The Oil & Gas Law. The Contracts. The Iran Debt. The General Customs Authority. The corruption. All dealt with and reduced to zero thanks to the identification number system.

Not to mention the hard currency reserve being covered to protect against any inflation. Then to top it off he says the paper is designed for current radical immediate problems. What is the segue to the papers? The EFSL.

Guys if I was wrong about anything I have said up until this point why can't your favorite guru in Dinarland call it out to make you feel safe about their opinions in regards to them having a better alternative to what has been presented to you here over the last couple of months?

A couple of them tried. But none of them can't point to any article coming out of Iraq to support anything they have against my perspective.

Someone you guys know very well shared some monumental news with me. And it supports everything we have shared with you guys here. I was smiling from ear to ear. What a month we will have. IMO

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Zeeman:  Tivon . you remind me of going to vegas and betting on a winner…. keep it up. we should know  quite a bit more either wed or thur when the 15 days are up. thanks for the great info

Clare:  Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq

18th June, 2022

Modern technology that provides the latest solutions available globally to provide the best services to banking customers

Diebold Nixdorff Corporation (NYSE: DBD), Ohio, USA, a world leader in retail and finance technology, announced the first use of the modern DN SeriesTM ATM systems in Iraq at Al-Qirtas Islamic Bank, in addition to using the Vynamic® View ATM monitoring program to ensure Provides service to bank customers, reduces downtime and reduces usage costs

The requirements and banking needs of bank customers are changing very rapidly these days. For this reason, the modern teller systems of Kartas Islamic Bank, one of the modern and advanced banks in Iraq, provide the ability to meet these needs through scalable systems and practical programs.

 Backed by multiple layers of cyber and physical protection, 19 inch interactive screens, and the ability to deposit funds and checks

Sara Sayed Mohammed, Public Relations Manager of Kartas Islamic Bank, said: "We are proud to be the first to launch modern teller technology in Iraq, and we are constantly looking to provide the latest services to our customers.

Modern money changers have received great interest from the bank's customers, and we are sure that the launch of cash deposit services in Automated teller machines (ATMs) in the near future will enable the bank to raise the level of services provided to our customers, and to deal with cash feeding with high efficiency

ATM cash deposit feature is an essential part of Diebold Nixdorff's modern design. Habib Hanna, director of the Middle East region at Diebold Nixdorff, said, "I am very pleased to choose Kartas Islamic Bank for the new ATMs from our company. The bank can use these ATMs to provide many advanced services to its customers

The project was implemented by Offtec Iraq - Diebold Nixdorf's partner in Iraq

About Al-Qirtas Islamic Bank

Al-Qirtas Islamic Bank aspires to be one of the most important banks in Iraq by providing modern, sophisticated and interconnected banking services, and contributing to the advancement of the banking sector in Iraq

For more information   : https://alqurtas.iq/

About Diebold Nixdorff

Diebold Nixdorf Corporation, New York (NYSE: DBD) is a leading global connected commerce enabler that automates and develops electronic payment systems in partnership with the world's largest global banking institutions, banks and supermarkets. The company has approximately 22,000 employees at corporate headquarters in more than 100 countries around the world

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Clare:  Contributed to the approval of vital projects.. The Trade Bank of Iraq determines the importance of the white paper

19th June, 2022

Today, Sunday, the Commercial Bank of Iraq ,  TBI , identified the importance of the white paper in influencing the Iraqi economy, while noting that this paper is an economic awakening for the country .

The Executive Director of the Bank, Salem Chalabi, said during the sixth energy conference, which was attended by the correspondent of the Iraqi News Agency (INA), that "the white paper is a good opportunity to open a financial dialogue with the Iraqi government, because the government effort stops the bleeding of the economy, which leads to spreading the peace resulting from individual sufficiency and therefore The prosperity of society,” noting that “the white paper contributed to the approval of vital projects since the first months of last year, and we are continuing to follow them on multiple levels, to ensure the implementation of the initial agreements .”

He added, "There are axes that must be considered for the sustainability of these projects, in order to keep pace with the major radical transformations," noting that "the white paper was written in a way that diagnoses problems, with methodological accuracy, and is necessary to establish appropriate relations away from spontaneity, but rather with a methodology that represents an evaluation of the preparation of the settings." occasion ."

He added, "This paper was formed with a mixture of policies that suit the Iraqi people and the market economy, so that they contribute to regulating public financial matters," explaining that it "addresses the factors that led to low productivity, including the commitment to protecting the individual and society ."

And he indicated that "these goals were achieved through a number of axes, the most important of which is financial stability in economic development, and giving priority to the needs of the people through financial and administrative governance to provide services that lead to reform that cannot be achieved without practical steps in the economy."

An economic awakening of the country, in a purely methodical way.”   LINK

KTFA Members "News and Views" Saturday Afternoon 6-18-2022

KTFA:

Samson:  Wasit Governor determines the mechanism for applying for contract degrees

17th June, 2022

The Governor of Wasit, Muhammad Jamil Al-Mayahi, has specified the mechanism for applying to the degrees of contracts assigned to the governorate within the Food Security Law.

Al-Mayahi said in a statement received by the Iraqi News Agency (INA), that "the legal mechanism in distributing the 1,000 degrees of contracts that were allocated to Wasit in the Food Security Law will be clear and before public opinion and will be distributed according to the population ratio of the administrative units, and a central committee and sub-committees will be formed under the supervision of the regulatory authorities."

He added, "The application is electronic according to a central link that will be announced later when the Food Security Law is approved," stressing that "the direct lottery will be adopted in front of the applicants in each administrative unit."

And the governor warned against exploiting the weak-minded by taking money or anything else, stressing that the used mechanism does not accept wasta and no one can manipulate it.  LINK

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Tivon:  Aren't you all pleased that this EFSL was emphasized over a period of time where you can witness its development making sense as to why it was important to your investment?  

I bet you didn't think it would be this consistently pertinent as we are or wasn't used to something that actually followed the guidelines of the constitution that would successfully make it through to voting and actually be added to the Gazette (Pending) and be able to say you stuck it through up until this point.

Think about how it was shot down and emerged again in a different form under constant attack from the political opposition as you were learning of its relation to the overall plan to ensure the entitlements to the Iraqi people that will give birth to their Purchasing Power.

Over the years we grown accustomed to expecting disappointment when something seems to be leading to imminent conclusion of this ride. Only to revert back to our tireless endless waiting for something significant to happen that would bring us out of the constant leg pulling at things that seemingly was the crescendo point of this being over for us.

Now we are seeing actual progress with a steady motion of energy where things can not be as easily over turned on our heads as in the past.

No guru has the ability at this stage to pull you back down from this altitude. You can actually bite into this big steak of info and not experience the feeling of isolation that comes with relying on special Intel source that don't explain anything to you. Only a pump & dump to hype you up and just as quickly let you down with no explanation or very vague reasoning as to what caused it not to happen for the 1,000th time.

I have gurus I used to follow years ago that some of you still do today who are stealing my information and plagiarizing it as their own. Why? Because they built their following off of thievery. I am no exception.

At least with the angle you are at now you know at some point they have to turn on the ATMs. Because they have never been deployed at a stage where it would be necessary to have them in place if you understand the overall importance of the EFSL and the contracts that come with it.

We are no longer being pulled along something we don't understand but sounds exciting with nothing to show once it reaches that 24-48 hr period where it was supposed to be over only to be knocked off your high horse. IMO

Here we are with another article this morning gearing up to prepare the citizens or "Private Sector" for the pending activation of the EFSL. They tell you again here in the last quote how this law is secure and transparent to the point no one can corrupt this and steal from the citizens. That ship has sailed. There's about 5-6 days left before it becomes law. Signed or not. IMO

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Wagmister:  Groundhog Day IMO.  

Tivon:  Maybe for some who haven't been paying attention. But as things are now and what has been laid out people can now look through their own lens or scope of understanding and hold things in clear view of what lies just beyond the horizon of information without being lost and confused after some projected date has passed. Why? Because when Hakim Al-Zamili said he will follow up with the "Relevant Authorities" to disburse the funds once it is in the Gazette. I presume the CBI would know exactly how to track the disbursements. …. IMO

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Samson:  Deputy: The Food Security Law Has Not Witnessed Any Appeals So Far

18th June, 2022

The representative of the Al-Fateh Alliance, Muhammad Al-Baldawi, confirmed, on Saturday, that no person or political party has submitted any appeal to the Federal Court of the Food Security Law, indicating that there are alternatives to passing the law in the event of an appeal.

Al-Baldawi said in a statement to / the information /, that "the framework forces were able to amend many paragraphs of the emergency support law for the public interest, and in fact this was done, although we had reservations about it, but we worked on it." According to the principle of necessities permitting prohibitions, and when it was necessary for the conduct of the work of the state, we accepted it and voted on it after we imposed amendments in the public interest.

He added, "We believe at the present time, if the law is challenged, it will cause a problem, because it is the emergency alternative as it was called the emergency budget," noting that "so far, no appeal has been submitted to the Federal Court, whether from people or political forces."

Al-Baldawi explained that "in the event of a challenge to the law and the acceptance of the Federal Court, we have the only solution to pass it again by expediting the formation of the government and passing the law again through the elected government."    LINK

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Tivon:  Optics maybe? Corruption maybe? Imminent arrest maybe? There's some variables in this regard to why this has not been challenged since it would be a very isolating thing to do if you are a person of intrest that has some dirt on your name because that would be the only ones to actually file a complaint or appeal.

Why wouldn't you want the citizens to benefit unless you have something to lose in the process of them gaining "Purchasing Power"? Anyway also pay attention to the last statement he says when mentioning the EFSL isn't contingent upon a seated government.

Only if the law is appealed would we have to wait for the formation of the GOI to pass it again. Which means the citizens once the law goes into the Gazette should have everything they are entitled to that they could have had years ago prior to the seating of the government. IMO

Samson:  According to the Food Security Law, Wasit calls on the Finance Ministry to indicate its share of the appointment of contracts

18th June, 2022j

Wasit Governor Muhammad Jamil Al-Mayahi demanded today, Saturday, the Ministry of Finance to clarify the mechanism for appointing contracts in the province from bachelor and diploma graduates within the "share of his governorate" in accordance with the law of emergency support for food security and development.

Wasit Governor Muhammad Jamil Al-Mayahi said in a document that he addressed the Ministry of Finance regarding contract appointments, obtained by Shafak News Agency; “A letter to the Ministry of Finance that includes contracts with holders of bachelor’s degrees and diplomas and for all specializations at a rate of 1,000 contracts for each governorate according to the Emergency Support Law for Food Security and Development.”

The governor called on the Ministry of Finance to "describe the mechanism that we adopt in appointing contracts so that we can report on those grades."

On June 14, 2022, Prime Minister Mustafa Al-Kazemi directed the ministries and state institutions to expedite the inventory of the names of contract employees in all departments who have a job service for two years or more in preparation for their confirmation on the permanent staff.

And the Ministry of Finance decided, on May 30, 2022, to include the allocations necessary to convert free lecturers and administrators in the Ministry of Education into contracts in accordance with Resolution 315, and it had no objection to implementing this, in the event the House of Representatives desired, a request to include a text authorizing the Federal Minister of Finance to create degrees for the nominees to add allocations Financial for the purpose of the research.

In many governorates, over the previous periods, demonstrations were witnessed in which the lecturers, the daily procedure, and the contractors were demanding their confirmation and fairness of their rights in permanent appointment to the owners of the ministries to which they belong. And the law enforcement forces to protect the Green Zone, which includes the headquarters of the Iraqi government, after the demonstrators demanded their inclusion in Resolution 315, before the protest developed into a verbal altercation and friction with the security forces.

Resolution "315" includes mechanisms to address the status of workers as contracts and daily wages in various government institutions, which the Council of Ministers voted on in 2019.  LINK

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Samson: A parliamentary movement to end the current system, abolish the constitution, and switch to the presidency

18th June, 2022

Independent MP Muhammad Al-Khazali revealed, today, Friday, that he submitted a proposal to transform the political system into a presidential one and to abolish the constitution.

Khazali told (Baghdad Today) that "the political system in its current form has reached a stage that cannot be proceeded with, and it is not possible to get out of this crisis and reform this system without certain solutions".

He added, "The solution lies in making constitutional amendments and transforming the type of government system, and then the House of Representatives will dissolve itself and later parliamentary and presidential elections will be held simultaneously".

Khazali added, "We will present these solutions to members of Parliament, and we will work to advance it".   LINK

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Sir:  IMO - This article speaks the truth!

The governments around the world are so corrupt that truly the only way forward is to get rid of them all. A constitutional change for the people and by the people put in place. Anything short of that will prolong the problems that we see today. 

IMO- this should happen around the world at the same time and new elections held.

IMO - this is exactly what has been going on for several years. This is very clear to those good people that are awake, eyes open to see. 

The stupid thing that these governments have been pushing on the people should be proof alone.
I don’t think we will see much on the exchange rate of all currency until this is accomplished. Otherwise it’s put fuel on the fire that needs to be put out.

Good thing is that things are moving at a fast pace to accomplish just this.

This is GODS plan and he is exposing these evil people right before our eyes. “Tens of millions of them” This could very well be the great rapture of the evil one’s. Just be patient as we are chosen to be here in these times.

You will see what you have been seeking soon..imo

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Samson:  Semi-presidential system

16th June, 2022 by Jafar Al-Lonan

Muqtada al-Sadr's step in the resignation of the Sadrist bloc's deputies may be the most daring step in the history of the new politics in Iraq, as no political bloc - the most numerous - has ever withdrawn from Parliament in this way and so quickly.

Regardless of the subsequent results that will follow the collective parliamentary resignation of the Sadrist bloc, there is a basic fact that the current political system is sick, disabled, and static.

The term “political majority” emerged in the 2010 elections, and took part in the negotiation space in the current fifth session, especially Mr. Sadr, who established two basic concepts in these elections (neither eastern nor western) and (political majority). The tables for negotiating these rules seemed to be inflexible fiery spaces.

The intense figures in the parliamentary system are the ruling ones, and the continuation of the handicap in this system requires a supra-major surgery. The situation in Iraq requires that the ruling in it be close to or similar to the sane presidential system after the pitfalls of the failure of the parliamentary system, especially after the interpretation of the Federal Court regarding the two-thirds, which is close to the form The Iraqi system of "boring consociationalism"

Iraq has two options, the first is the reform of the political system, and the second is the continuation of patchwork and anesthesia, and attention to the fact that 70 percent of people did not participate in the last elections, and it is the public - silent and angry - who may explode on everyone at any moment.

The best solution is to modify the current system from a full parliamentary system to a semi-parliamentary and semi-presidential system so that citizens go to the polls and elect with two papers: the first paper - the parliamentary bloc and the candidate in it, and the second paper is the first executive prime minister in the country who is allowed to choose ministers and his team directly and Parliament follows up The performance of the government and its outputs to society..

The crises are big and there is no time to wait!   LINK

Petra, Tivon and MilitiaMan Friday Night "Stay The Course!!" 6-17-2022

KTFA:

Clare: Parliamentary Finance comments on the decision to install contracts within the Food Security Law

16th June, 2022

Today, Thursday, the Parliamentary Finance Committee commented on the decision of the Council of Ministers yesterday regarding the confirmation of contractors within the Food Security Law.

Committee member Nazim al-Shibli said in an exclusive interview with "Mawazine News", "The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers' situation and transfer them to a higher degree, as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups."

He added, "The Food Security Law included voting on 1,000 contract degrees for each governorate, and the application of these paragraphs belongs to the Ministry of Finance for the benefit of our children." 

LINK

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Petra:  I asked Clare to please re-post this from yesterdays' thread as I believe it carries some good information from our study as this clearly is another one of those "I'm talking about "A" but then throwing a little bit of "B" into the conversation.  

So the first statement is direct discussing the Finance Committee commenting on the COM's confirmation of "Contractors within the FSL"  OK?  No harm no foul.   But this is where it gets interesting and I will pull their quote: 

""The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers' situation and transfer them to a higher degree," 

Ok.  So we are talking about "A" here as that was the title of the article.  But then....here comes "B"....

as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups."

What mechanism???   Stabilization mechanism (THE RATE) to improve the reality for ALL GROUPS!!!  IMO

So, what does this have to do with today's study!  Everything IMO.  The EFSL is marching down a time controlled track.  And, we do not know if Saleh has signed the law or not.  Regardless, we are all in agreement that it becomes law 15 days from the vote. 

So why has he not signed it?  Because of what I just posted.  PM K and THE COM needed time to review all the contracts to insure when the deployment deadline hits...the EFSL can handle all the contracts, the CBI can defend the rate globally, And the secondary markets are protected as they begin to develop the Iraqi infrastructure.

Not a stretch here folks but good stuff to consider.....carry on......AND STAY THE COURSE!!!!!!    PETRA

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Tivon:  Wowwwwwwwwwwwwwwwwwwwwww. Petra, Where have you been all week? This is a mic drop post here.

Hakim Al-Zamili (First Deputy)  stated a couple of times that the EFSL Stabilizes all Contracts & Procedures. Mazhar Muhammad Saleh (Financial Advisor) also stated that the EFSL will "Move The Wheels of The Economy". You couldn't make more sense if you tried. Al-Tamimi (Legal Expert) said the EFSL will enter implementation after 15 days regardless of any signature by the President of The Republic.

How do you improve the economic reality for all groups without them having "Purchasing Power"? How do you do this without activation of the ATMs? Also the contracts in the EFSL are in Iraq's control.

To be honest even if they approve the 2022 Budget the Kurdistan region still doesn't have their 12% share in that either. How do you revitalize the economy without releasing the exchange rate? This is what's in the EFSL edict and outline from the Parliament of Finance.

People need to take the time to re-read the last few threads. This post from you is a culmination of everything me and Militia-Man have been trying to get across. I tip my hat to you sir. Thank you imparting your wisdom upon us this evening. IMO

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MilitiaMan:  We have had many a back and forth of late on so many topics. Petra, was fixed on this one yesterday and the mechanism to improve the economic reality of all groups is an obvious.  It is the exchange rate. Tie that in with the the exposure of the SNCNs by the CBI, the new ATMs that recycle currency, the education on stamps and coins with historic value, we can clearly see that the process has that time stamp on it. The EFSL has a backwall if not signed of 15 days. The law was voted on 06/08/2022..The Gazette publishes on Wednesdays and Saturdays.. Very good stuff Petra and Tivon.. Thank you both for all the hard work.. I too much appreciate you both! ~ MM