"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 25 AUGUST

 STATUS OF THE RV

During this period we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon.

Already they issued a new rate for foreign travel of 1305 to the US dollar.

Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros?

If you can remember that on August 1, 2023 article, the Prime Minister, Muhammad Shia’ al-Sudani, described the crisis of the rise in the exchange rate of the dollar against the Iraqi dinar in the local markets as a “battle” not a crisis.

Al-Sudani said and I quote- “The battle of the dollar is between the state, which insists on completing the reform of the financial and banking system and we are going to win the battle”.

So, then an article came out on this past Wednesday August 23, 2023, they are telling us that the Parliamentary finance committee determined a way to reduce the exchange rate of the dinar.

It stressed the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures.

Committee member Mueen Al-Kazemi said, according to the official newspaper and I quote – “that the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.”

Instead of using the current method.

They then added that another problem that must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them using the new electronic system, given that there is a national interest and need for the Iraqi people with these import vendors.

In other words they need to have the electronic system updated to include these countries.

This way more of the dollars can be accounted for and traced, if in fact they are needed to pay debts to these countries.

It appears they may be finally getting to the root of the problem in order to obtain positive results in reducing the exchange rate of the dinar (which we know means to increase its value closer the real value it should be in the first place. )

We know the value of the dinar is now being artificially suppressed.

Last Thursday (August 17, 2023), the Parliamentary Finance Committee identified the features of ending what it called “dollarization” in the local markets, in reference to the dollar exchange rate crisis, indicating that 80% of the solutions are internal, not external.

Sounds to me like the crisis is just about over, if not over, and they just need to tie up some lose ends.

Is Iraq now de-dollarized enough for stability to move to the next stage of the currency reform process?

I first heard it when I read the 2011 Dr Shabibi plan for the reinstatement process.

He told us then that the de-dollarization is critical in Iraq’s currency reform process.

So, it sounds to me like this phase of the Dr Shabibi plan is ending and they are moving to the next stage of the process.

Update on the Oil and Gas Law:

Last Friday, the representative of the State of Law Parliamentary bloc, Firas Al-Maslamawi, revealed the Oil and Gas laws are to be legislated in Parliament in the coming period.

We have heard this before and so what does the “coming period” mean.

Could it be days, weeks or months?

But to say this means they are very close.

Al-Maslamawi said, “The priority of the presidency of Parliament and the House of Representatives is to legislate the Oil and Gas laws as sent by the government, and they are in the second stage of proposals, and it will end soon”.

I believe the holdup is with the negotiations with Turkey on the operation and maintenance of the northern oil pipeline.

Do you remember this is the “White Paper”?

So, I am reminding everyone once again that this is their path to FOREX.

Are they there yet?

Are we reaching the proverbial vortex of triggering what we want, the RV?

Yes, and we should be very happy at just where we are now.

Since January of this year the main push has been banking reforms and de-dollarization.

It has taken longer than we as investors want, but if you read between the lines in today’s news it says they are moving to the next phase of the plan.

When they move to the next phase of the process it will have to be the project to delete the zeros.

Just a couple weeks ago Ali Alaq, the CBI governor, told us this project is NOT OFF THE TABLE which means also everything else that follows it.

Write, call or text your representatives of how dissatisfied you are with the justice being done in the US about the Biden corruption and where is the justice when they have a double standard of justice.

Where is the punishment for his crimes and of those who surround him?

I believe in this regards that September thru December are going to be huge for straightening out his mess in the US government.

As I stated many times already the VALUE and RATE of the dinar are two different issues.

Yes, the RATE should reflect a true VALUE but it does not today.

They know it and we know it.

Iraq does not have to rebuild their economy for the rate to change accordingly as the value is already present, just with the resources they can now exploit and sell.

Once they do rebuild Iraq cities and grow their economy the dinar should also then adjust its rate and go even higher as thy plan to put it on a FLOAT when it is reinstated.

No, it is not possible to float the dinar starting at the program rate.

Kuwaiti does not export even 1/3 of the oil that Iraq does nor is the oil as rich as their oil needs more refining.

Kuwait has very little exports and Iraq alone will very soon catch up to them without even trying.

So why does the IMF and the US still hold back the liberating of the Iraqi dinar?

I will tell you why – It is nothing more than “blackmail” and a “corruption” scheme that is shortly coming to an end.

They need to keep Iraq under their thumbnail and suppressed.

They need them as a puppet state not as an independent and sovereign nation.

The CIA reported almost a decade ago as it stated that Iraq would be “a detriment to security of the middle east, should it ever become independent and wealthy state”.

So, go figure what is happening just by this statement alone.

They can’t hide it .

We only need to use our God given brains to see through this mascaraed.

Don’t you think the Iraqi citizens and politicians see it too?

I know, I know, I give you other possible scenarios but these are just developments in the craziness of goals set for Iraq to obtain.

These goals should not be something that holds them back.

There are other carrots that can be dangled and used to help push them along.

They are a very young democracy and they will make mistakes.

But they must also learn from the mistakes and to be a self-governing after nearly 20 years past since 2003, it is about time.

Not having an international currency is serious and we can clearly see it is impacting all aspects of Iraqi life.

It is time to liberate the dinar.

The CBI knows it as the citizens know it, as we investors know it.

by DINAR IRAQ & DONG VIETNAM

Iraqi Dinar- Game Changing Announcement / Iraqi Dinar News Today / Iqd D...

How to Make the Most of Today's Market, 25 AUGUST

Stocks have enjoyed a very positive run this year. Driving this shift, in sentiment, appears to be optimism about Fed policy and a corporate earnings picture that is far better than many feared.

Many in the market justifiably see the Fed moving towards concluding its extraordinary cycle in the next few months. Improved visibility on this front has prompted many in the market to buy quality stocks at discounts. This narrative is sanguine about the Fed, sees inflation as steadily heading in the right direction and views nothing egregious with valuations, given improved visibility for interest rates and a stable earnings outlook that has smoothly adjusted lower.

Market bears see this emerging optimism in the market as without a solid basis and view the positive stock market gains of recent days as nothing more than a bear-market rally in a long-term downtrend. This line of thinking sees inflation as far ‘stickier’, which requires the Fed to continue tightening for a while. Valuation worries also figure prominently in the bearish view of the market.

The interplay of these competing views will determine how the market performs in the coming months and quarters. To that end, let’s examine the landscape of bullish and bearish arguments to help you make up your own mind.

Let's talk about the Bull case first.

Inflation & the Fed: The outlook for inflation and what that means for the path of interest rates and economic growth represent the biggest points of difference between market bulls and bears at this point in time. The bulls see favorable developments on the inflation question, with the steadily decelerating trend of the last many months as confirmation of progress towards the Fed’s goal. We saw proof of this in the internals of the recent Q2 GDP report and consensus expectations for the coming periods.

It is hard to argue with the bulls’ view that the heightened post-lockdown demand in a number of product and service categories was bound to eventually normalize, with its attendant beneficial effect on prices. Related to the above argument are favorable developments on the supply side of the equation and reversal of China’s zero-Covid policies, with continued disruptions caused by the war on Ukraine partly offsetting the gains.

With interest rates already at or past the neutral level, investors are looking at incoming economic data through the prism of what it tells them about inflation and growth. The market correctly sees the Fed’s July 26th rate hike as effectively concluding this tightening cycle even though the central bank can’t publicly acknowledge it.

In other words, we are at the ‘pivot’ stage already, without the Fed explicitly telling us in so many words. After the July 26th hike, they will be 25 bps away from their indicated peak rate, meaning at most one more increase at the following meeting.

The stock market optimism in recent months, that has been reinforced by the reassuring Q2 earnings results, is likely an early attempt to do just that.

Continued . . .

 The Economy’s Strong Foundation: The seemingly strong Q2 GDP report notwithstanding, the U.S. economy’s growth trajectory has shifted gears in response to the combined effects of aggressive Fed tightening, the runoff in the government’s Covid spending and some lingering logistical bottlenecks. This is beneficial to the central bank’s inflation fight, particularly the demand-driven part of pricing pressures, as we saw in the decelerating trend in the Q2 GDP report’s price deflator reading.

Many in the market are legitimately concerned about recession risks as a result of the unprecedented Fed tightening. While such risks are undoubtedly real, a recession is by no means the only, or even most likely, outcome for the U.S. economy. Underpinning this view is the rock-solid labor market characterized by strong hiring and a record low unemployment rate. It is hard to envision a recession without joblessness.

The purchasing power of lower-income households has likely been eroded by inflationary pressures, as confirmed by a number of companies during their earnings calls. But household balance sheets in the aggregate are in excellent shape, with plenty of savings still left from the Covid days. This combination of labor market strength and ample savings cushion should help keep consumer spending in positive territory in the coming quarters.

While questions remain about the economy’s growth trajectory over the next few quarters, estimates for the current period (2023 Q3) have been going up lately and currently represent a modest acceleration from the first half’s pace.

All in all, the strong pillars of the U.S. economic foundation run contrary to what are typically signs of trouble ahead on the horizon.

Valuation & Earnings: Tied to the economic and interest rate outlook is the question of stock market valuations that still remain attractive after the gains in the first half of the year.

The S&P 500 index is currently trading at 20.1X forward 12-month earnings estimates, up from 15.5X at the end of September 2022, but down -12.1% from the peak multiple of 24X some time back. It is hard to consider this valuation level as excessive or stretched, particularly given aforementioned optimism on the Fed front.

Granted there are parts of the market that have gotten rerated as the full effects of the Fed’s tightening cycle have diffused into the economy, resulting in cooling consumer and business demand and moderating economic growth. But not all sectors are exposed to the Fed-centric negativity in outlook to the same degree, as sensitivity to interest rates and the macroeconomy are much bigger drivers for some sectors than others.

We have been seeing this bifurcation in earnings outlook in recent earnings reporting cycles, including the ongoing Q2 earnings season, with operators in the at-risk sectors unable to have adequate visibility in their business. But there are many other companies that continue to drive sales and earnings growth in this environment.

We have seen many of these leaders from a variety of sectors and industries, including Technology, come out with strong quarterly results in recent days.

Contrary to fears ahead of the start of the Q2 earnings results, the actual results are turning out to be fairly stable and resilient. Earnings estimates came down steadily after peaking in April last year. The latest development on the revisions front has been a notable stabilization since the start of Q2, with estimates for a number of key sectors including Technology actually reversing course and starting to go up again.

While it is reasonable to expect some further downward adjustment to estimates for macroeconomic reasons, the overall earnings outlook is now largely in-line with the economic ground reality. In the absence of a nasty economic downturn, the earnings picture can actually serve as a tailwind for the stock market in an environment of diminishing Fed uncertainty.

Let's see what the Bears have to say in response.

Endemic Inflation & Fed Tightening: The recent Q2 GDP report showed that the U.S. economy was still far too strong to ease the Fed’s inflation worries. While a big part of the strong ‘headline’ GDP growth number was due to factors that tend to be volatile, the report nevertheless showed plenty of strength in household and business spending.

The decline in inflation readings in recent months has resulted from pullback in commodity prices, the easing of logistical bottlenecks and moderation in demand for the ‘goods’ part of the economy. The much tougher part of the inflation fight is on the ‘services’ side of the economy. Given ongoing trends in wages, inflation is likely a lot stickier than most people assume.

Many in the market believe that the Fed’s tough policy stance last year was meant to counteract the damage to its inflation-fighting credentials as a result of its earlier ‘transitory’ narrative. Given this, the central bank simply can’t afford to declare a premature victory and risk the inflation scourge to reemerge.

The Valuation Reality Check: A big driver of the stock market’s earlier bull run was the Fed’s ability to flood the market with liquidity. The central bank achieved that by keeping interest rates at zero and buying a boat-load of U.S. treasury and mortgage-backed bonds that expanded its balance sheet to almost double the pre-Covid size.

Fed tightening and the associated higher interest rates have a direct impact on the prices of all asset classes, stocks included. The ‘higher-for-longer’ view of interest rates in light of much stickier inflation means that investors need to adjust to an extended period of above-average interest rates.

Everything else constant, investors will be required to use a higher discount rate, a function of interest rates, to value the future cash flows from the companies they want to invest in. This means lower values for stocks in a higher interest rate environment.

The Growth Question: Since Fed rate hikes work with a lag, the central bank’s aggressive tightening moves since March 2022 likely haven’t fully seeped into the economy.

Current projections of GDP growth for this year assume that the Fed is successful in executing a ‘soft landing’ for the U.S. economy. This favorable view has been strengthened by resilient GDP growth readings even as inflation has steadily come down.

There is no basis for us to doubt this confidence in the central bank’s abilities, but we shouldn’t lose sight of history that tells us that economic growth typically falls victim to the Fed’s inflation-fighting efforts.

A handy metric to keep an eye on for growth outlook is the spread between the 2-year and 10-year treasury bond yields. Inversion in this metric, as is the case at present, will suggest the need for reigning in growth expectations.

Where Do I Stand? 

I am very skeptical of the bearish Fed tightening outlook and see this scenario as nothing more than a worst-case or low-probability event.

My base case all along, saw the Fed moving from the then ‘stimulative’ policy stance to one that was only modestly ‘restrictive’. Following the already implemented rate hikes, the level of interest rates is at the ‘neutral’ policy level already, when Fed policy is neither ‘stimulating’ nor ‘restricting’ economic activities.

Estimating an accurate level for ‘neutral’ policy is very difficult in real time, but most analysts believe that we will be getting into ‘restrictive’ territory after the July 26th hike.

While the Fed has left another rate hike as a possibility, we think they are most likely done tightening at this stage, particularly if incoming data continues to show progress on the inflation front. This appears to be the most plausible scenario given the risks to growth as a result of premature tightening, a threat to the Fed’s second ‘full employment’ mandate.

The positive momentum in the stock market in recent months reflects this interpretation. The resulting stability in financial conditions and interest rates should keep the economy’s growth trajectory in place, admittedly at a moderate pace.

Regular readers of my earnings commentary know that the earnings picture continues to be resilient, with the steady downward revisions to estimates since the April 2022 peak having brought them in-line with the economic ground reality. In the coming months, the market will start looking past this year’s moderating earnings growth picture to the eventual recovery on that front.

The market’s recent positivity reflects a growing convergence to our favorable views on the Fed and the growth questions. We don’t envision these questions to be put to rest next week, but we do see investors eventually coming around to our view of inflation, earnings and the much more positive times ahead after a short period of volatility.

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Iranian Foreign Ministry: Iraq releases significant portion of frozen funds, 25 AUGUST

Iranian Foreign Ministry: Iraq releases significant portion of frozen funds

Shafaq News / The Iranian Foreign Ministry announced on Friday that Iraq has released a substantial amount of Iranian funds that were previously frozen. This move comes as part of an agreement reached between Tehran and Washington, mediated by a third party, which involves the release of Iranian prisoners and the unfreezing of funds.

Ali Bagheri Kani, the Political Assistant to the Iranian Foreign Minister, stated to the the semi-official "Mehr" news agency that, in addition to South Korea, a substantial portion of Iran's funds was also held in Iraq.

He elaborated, "Our agreement with the American side to release Iranian funds frozen in South Korea triggered discussions about the release of Iranian funds in Iraq. The process of their release has already commenced."

Kani went on to detail, "Over the last three weeks, we have successfully unlocked nearly seven times the total funds we utilized in Iraq for economic activities last year. We anticipate this momentum to expedite further."

Earlier this month, official Iranian sources disclosed the intricacies of a mediated agreement between Tehran and Washington, involving a prisoner exchange and the release of Iranian funds frozen in South Korea and Iraq.

A source familiar with the accord reported to Iran's official news agency "IRNA", "The terms of this agreement stipulate the liberation of five American prisoners in exchange for the freedom of five Iranian detainees in the United States."

The source provided insight, noting that "in addition, approximately $6 billion of Iranian assets frozen in South Korea are set to be released, along with a substantial share of Iranian funds held in Iraq's TBI Bank." The source further indicated that "the preliminary stages for the unfreezing of Iranian assets in European financial institutions are already underway."

Furthermore, Prime Minister Mohammed Shia Al Sudani disclosed on July 11 that ongoing negotiations with the US aim to settle Iran's outstanding payments for gas imports from Iraq. The sum totals 9.25 billion euros. 

Al Sudani revealed Iraq's contribution, stating, "We have already disbursed around 1.842 billion euros within the first seven months of the current government term, per our agreed-upon mechanism."

Moreover , PM Al Sudani informed that a joint delegation from Iraq's central bank (CBI) and the Iraqi Trade Bank embarked on a mission to Oman, working towards a consensus on the transfer of these funds to Oman, in coordination with the US Treasury.

Al-Fateh: America is looking for pretexts to impose hegemony on Iraq, 25 AUGUST

 Today, the representative of the Al-Fateh Alliance, Muhammad Karim, stated that the US administration is seeking pretexts to take control over Iraq, particularly regarding the dollar currency. According to Karim, the US is looking for ways to impose hegemony and control over Iraq by making decisions related to the dollar currency. This is a concerning development that must be monitored closely.

Karim stated that America seeks to maintain control over Iraq and create pretexts for hegemony, as seen with the dollar and oil revenue.

“American practices are really trying to control Iraq’s finances,” he remarked. “They’ve even failed to impose sanctions on certain Iraqi banks in the past without giving the government the authority to take action against them.”

He mentioned that there is an ongoing attempt by the US to exert control over Iraq’s exchange rate by leveraging Iraqi funds that are deposited in dollars for oil imports. According to him, the US is using the dollar as a means to dominate, control, and manipulate the exchange rate in Iraq despite the fact that these funds belong to Iraq.

BRUCE'S BIG CALL, 25 AUGUST

Bruce’s Big Call Dinar Intel Thursday Night 8-24-23   REPLAY LINK   Intel Begins   1:25:35

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHSN5 

Transcribed By WiserNow 

Welcome everybody to the Big call tonight. It's Thursday, August 24th and you're listening to the big call. Welcome everybody, wherever you're tuned in from and we love you and we're glad you're here. We look forward to having a great call tonight.   And I look forward to bringing you guys the latest best intel that we have to date.

All right, let's talk about Intel and let's see if we can find out where we are - what's going on and where we stand right now.

Well, we did hear from some of our bondholders today, a little later this afternoon. And it's looking like what they're getting from sources in Switzerland, that things are moving along where they should be getting notified tomorrow and have funds either tomorrow or Saturday.

So that's good - good for bondholders to get their access to funds. That's sort of something we've been keying off under tier four to see what happens with tier three. The last time we talked we had ourselves going before the bondholders went -

Now I'm thinking it might be a little more parallel - it might be similar in terms of when we all start.

The information that we are getting about tier four is that we should be notified Saturday, or this is another source that either Saturday or Monday at the very latest.  Meaning we get the toll free numbers either Saturday or Monday At the very latest.

Now there was something that occurred tonight, six o'clock central time, which I don't know why we put in central because it was an East Coast thing in Atlanta for President Trump was arraigned and I heard even before the big call that that would not really amount to much.

And what I did here was that within 24 hours of that, let's call it so arraignment - Today we will be getting the RV started. And that would be tomorrow night at seven. So there's a possibility something could come out even tomorrow or tomorrow evening.

But we know certain people are telling me that we need the public to see the political movement, the political change that is imminent, to take place on mainstream media - for the Chinese to feel comfortable releasing everything - they're not comfortable with the current administration.

So will this February least once something is made mainstream, very possible, and it's very possible that happens by Saturday or by Monday - So this is really interesting time for us to witness this.

And I don't know what else to say other than we're either waiting for that to take place which is imminent. Or we’re not -   We have sources that are saying that's not a factor.

It's not this political change does not have to take place for this to be released. So some say yes, some say no --  I will say that we need to see that take place -  I believe that - I believe it is so close that it will happen by the weekend or by Monday at the very latest. Monday is the 28th and I think there's a lot that can happen in the next couple of days.

Even President Trump said on a Tucker Carlson, Tucker Carlson interview. He would be busy that night and the next day and then we would be busy for the next three days. So I don't know exactly how we're going to take that. But we'll take that and we'll look to see what that does for us and how that comes about.

Now - I've been looking into what is happening over in Lahaina on Maui - And you guys know I've mentioned that we want to incorporate that as part of rebuild America and try to get help to those people. We know the white hats are currently delivering water and food - from helicopters - And they have food and a number of tons of water that were hopefully gently dropped in the area for the citizens or residents.  

It's a complicated situation. But I think if we get to the bottom of it, we're already planning on how to get supplies there by barge - To the island to stage  building materials  and so on in a couple different areas .  And we're you know, we already have a provider of steel we're in touch with so there's quite a bit that is sort of pre planning right now

See how quickly we can assemble a team which we've got some people that are interested in helping with that - assembling a team to look into and just check out what needs to be done - What the situation is - doing some research and finding out where everything stands. So that's something I'm looking forward to being a part of and helping to execute as part of rebuild America.

I know the BRICS conference was to end today and I believe it did. We know they had seven I believe six additional countries that they absorb into the BRICS consortium - and the BRICS has put together primarily as an alternative to the Fiat US dollar and I know there are 20 or 30 some odd I believe, I don't even know what the number is. It's like 35 or 37 countries that are already part of the BRICS Consortium.

But we have the plan is for all of Africa, which is a lot of different nations to be part of the BRICS. And I think they're gonna end up being a very large currency block if you will. I do not expect a BRICS currency.

But we expect each of the countries that are admitted into the BRICS to have their own asset backed currency. A lot of them are gold backed already -

And I believe they need to have asset backed currencies. They need to mint and print. They need to mint coinage, new coinage and they need to print new currency that is asset backed - just like we're doing and what we already have, with the USN - United States Treasury note currency, the so called banknotes those have been printed for a few years now.

They are definitely in the redemption centers. And they're probably in most if not all tier one and tier two banks in the vaults maybe in the teller drawers I don't know, in every case, but you know, that's something that should be brought out as part of the NESARA - the fact that we have an asset backed currency again.

And the fact that the dollar if you think it's strong now and it was with nothing backing - Imagine having it backed by gold and other assets, and just how strong it's going to be as the world as a world dominant currency with other BRICS nations currencies as well.

So everything in Iraq yesterday we heard had a much higher rates in Iraq on dinar - I say, much higher - And that's really good news.

And we know that they even intend to offer those of us even who has zim - a higher dinar rate. Iraq wants us to have a high rate on the dinar - and it will be - and I'd love to tell you what I know about it, but just suffice to say that higher than we thought it would be, And that's a good news.

And then I think the dong is going to come in with a very, very, very high rate as well. compared to what certain people have said it was coming in at. We know it's much higher because we know what the bank screens are telling us.

But the good news is, this looks like it is imminent and it is coming in a matter of days. But one source said from Thursday all the way to Saturday. Now the source today gave me Saturday or Monday at the very latest - And then we'll see what happens is as a result of the arraignment  -

 I'm gonna say that's what happened. Today. That's why they were able to say 24 hours after six o'clock Central tonight  the RV could start -  So -  you've got that.

Now.   I appreciate what everyone has done to stay with the patient. It has really been good for our patients. It's been an example of long suffering. I know a lot of people have counted on this for a long time. And you know we all have Look forward to it and we look at it and then we can get back inside and just give a sigh of relief that we have it and that we're moving forward with our projects

So looking forward to it. Let's keep an eye out for emails.

We'll have it for future calls. If we do any more. We will be some podcast type calls. Not so many live calls. I don't think we'll do really any more live calls. But if we do some podcasts and you're gonna want to hear what we're doing, or what we're doing about Lahaina what we're doing about rebuild America, what we're doing about the veterans, some good ideas. so we're going to be putting all those together and I'll be speaking to you guys in the form of a podcast, getting the link in the email that you can listen to.

That's really everything I've got for tonight so far. So let's see where this takes us through the weekend. Today is Thursday, and we're looking for some action, possibly tomorrow evening. It's not Saturday, or the word is Monday at the very latest. So let's see how that comes about. Let's see what happens with that.. Thank you for listening all over the globe. We appreciate you.

Announced that Washington is ready to help Baghdad, 25 AUGUST

 Announced that Washington is ready to help Baghdad

Baghdad – NAS

The US ambassador in Baghdad, Alina Romansky, commented on the reason for her recent tour of Iraqi politicians, and announced that Washington is ready to help Baghdad in the water file with upstream countries, and pointed out that Iraq’s adoption of the legitimate banking system is sufficient to stabilize dollar exchange rates.

In an interview with her colleague Saif Ali, followed by “Nass” on Friday (August 18, 2023), Romaneski stated that “there are several reasons that cause the dollar to fluctuate against the dinar, including the existence of a parallel financial system, the presence of smugglers and money launderers, which leads to a rise in the price of the dollar.

“A return to the legitimate banking system can create stability for the exchange rate.”

“I think there is a misunderstanding about the 14 banks, there have been no sanctions on them, but these banks are not allowed to deal in dollars at the moment,” she said.

WASHINGTON IMPOSES ITS AUTHORITY ON IRAQI OIL REVENUES, 25 AUGUST

 WASHINGTON IMPOSES ITS AUTHORITY ON IRAQI OIL REVENUES

Economist: Washington imposes its authority on Iraqi oil revenues

Information / Baghdad… Economic affairs researcher Muhammad Al-Saadi explained, the extent to which it is possible to obtain oil revenues from importing countries directly without placing these funds with the US Federal Bank.

Al-Saadi told Al-Maalouma that “China, India and other Asian countries import Iraqi oil in large quantities, but Iraq receives the revenues through the US Federal Bank, which makes Washington an authority over those revenues.”

He added, “The dollar, as an American currency prohibited in some countries, Iraq can benefit from such a procedure by selling oil in exchange for goods, goods and raw materials needed by the Iraqi industry, or introducing companies from those countries and engaging them in the field of construction, construction and project implementation.”

And he indicated that “the continuation of selling oil in exchange for obtaining dollars may not be a good idea, as it is possible to obtain projects, goods and goods instead of oil revenues in dollar currency.”

He pointed out that “Iraq has large reserves of hard currency with the US Federal Bank.”

(So, in reality is Iraq totally out of Chapter VII since the US still holds all oil sales revenues and has to release this money allow Iraq to pay its bills. Will the US let Iraq sell oil anyway they want in the future? The political push is on in Iraq to change the war-torn process resulting from the sanctions. Iraq needs its independence.)

Will There be a Recession in 2023?

3 Big Stocks to Watch Next Week, 24 AUGUST

 Earnings season has slowed down now, but it doesn't mean that market-moving stock reports are over until October. A handful of popular companies are delivering fresh financials next week. They can move the market.

CrowdStrike (NASDAQ: CRWD), Five Below (NASDAQ: FIVE), and Salesforce (NYSE: CRM) are some of the names that I'll be watching out for. Let's go over why you may want to keep on eye on their quarterly updates, too.

CrowdStrike 

Nothing matters more for a business than protecting itself from hackers and other baddies in cyberspace, and CrowdStrike has emerged as a leading provider of cloud-based security solutions for enterprises. The stock has risen 40% so far this year, and it's hoping to keep the gains coming when it reports on Wednesday afternoon. 

CrowdStrike had a "beat and raise" performance last time. It has routinely clocked in ahead of Wall Street targets for adjusted earnings, but the company also broke out of the red for the quarter on a reported basis. It was the market darling's first positive non-adjusted earnings as a public company.

Analysts see revenue climbing 35% in next week's report, the midpoint of the guidance that CrowdStrike itself provided three months ago. Those same Wall Street pros are forecasting adjusted earnings to climb at an even heartier 56% clip. With its history of beating analyst expectations and the stock's big gains, it's fair to say that it will need more than just a garden variety beat after the market close on Wednesday.

CrowdStrike is popular for a reason. It's a rising star gaining market share in a growing niche. There are few things more appetizing than a company carving out a thicker slice of an expanding pie. It also has a cash-rich balance sheet, providing a safety net if the economy goes south, as well as giving it the opportunity to make a strategic acquisition if its buoyant stock price isn't acceptable currency. CrowdStrike is definitely a name to watch in the coming week.

Five Below

Shifting gears to the shopping space, retailers make up many of the companies reporting this time of year given fiscal years concluding at the end of January. Five Below also issues its latest financials on Wednesday afternoon, discussing its fiscal second quarter for the three months that ended in July.

True to its name, Five Below is a deep discounter where most of the items it sells are priced at the $5 level or below. The Philadelphia-based retailer prides itself on being more than just a discounter, taking a "cheap chic" approach that has appealed to younger audiences. It's not just dollar-store junk or cheap consumable essentials that draw customers to the 1,367-store chain.

A few thrift stores that have already reported this earnings season have held up well on the top line, but flopped on the bottom line. Deal-seeking shoppers are spending more on food and other consumables, items that historically carry much leaner margins than mainstream products. Thankfully, Five Below's offerings skew toward higher-margin evergreen merchandise. Analysts see sales and earnings growth in the low teens, which also happens to be the age of a strong target audience. 

Salesforce

Also jumping in on the Aug. 30 post-close earnings party, Salesforce will offer its fiscal second-quarter numbers on Wednesday afternoon. With its $200 billion market cap, Salesforce is one of the largest companies reporting earnings results next week.

Growth has slowed for the cloud computing pioneer that many organizations rely on for their customer relationship management (CRM) needs. The 18% top-line gain it posted in fiscal 2023 is its weakest increase in at least the last 20 years. Revenue continues to decelerate sharply early in fiscal 2024, with Salesforce prioritizing bottom-line gains and efficiency over top-line growth.

https://www.nasdaq.com/articles/3-big-stocks-to-watch-next-week