Monday, September 11, 2023
Monday News with markZ 09/11/2023
A specialized website expects an increase in the Iraqi GDP per capita, 11 SEPT
A specialized website expects an increase in the Iraqi GDP per capita
On Monday, Statista, a German website specializing in market and consumer data, predicted that the per capita GDP of Iraq will surpass six thousand dollars by the year 2028.
The per capita GDP of Iraq is expected to increase by 8.05% annually, reaching $6,678 in 2028 compared to $6,180 in 2023.
During the past 15 years, Iraq’s highest and lowest per capita gross product were $7,021 in 2013 and $3,701 in 2009 respectively, according to him.
This indicator describes the Gross Domestic Product (GDP) per capita at current prices. To calculate this, the GDP is first converted from the national currency to the US dollar at current exchange rates. Then, the resulting value is divided by the total population of the country to obtain the GDP per capita.
Gross Domestic Product (GDP) measures a country’s economic output by calculating the total value of goods and services produced within a specific time period, typically a year.
Federal Prime Minister: We Are Committed To The Budget Law And We Refer Those Accused In The Kirkuk Events To The Law, 11 SEPT
Federal Prime Minister: We Are Committed To The Budget Law And We Refer Those Accused In The Kirkuk Events To The Law
Iraq 14:25 - 2023-09-10 Federal Prime Minister Muhammad Shiaa al-Sudani announced his commitment to the general budget law and dealing with the region’s entitlement to the budget on the basis of the general budget law issued by the House of Representatives. Regarding the outbreak of the crisis that occurred around the building of the advanced headquarters of the Joint Operations Command in Kirkuk, which the Democratic Party left after the referendum, the Prime Minister confirmed Federal Ministers refer those accused of martyring and wounding citizens in Kirkuk to law.
Muhammad Shiaa Al-Sudani said during a statement to the Kurdsat News satellite channel: “There are numbers and statistics that govern everyone’s budget entitlements, and we, in turn, are committed to the general budget law.”
The Prime Minister of the Federal Council added: “We deal with the region’s share on the basis of the general budget law, and we are also awaiting the result of hosting the Minister of Finance of Iraq and the region to the Finance Committee and the House of Representatives to address budget-related disputes.”
Regarding the tensions and disturbances that occurred in the past few days in Kirkuk over a building belonging to the Democratic Party, which it left as a result of the Kurdistan Region’s referendum and occupied by the General Command of Joint Operations in the city, Muhammad Shiaa al-Sudani pointed out that: “Kirkuk must be removed from disputes and conflicts, and we will remove anyone whose hands are dirty.” "With the blood of the citizens of Kirkuk, it will be transformed into the law."
"RV UPDATE" BY MILITIAMAN, 11 SEPT
Militia Man
The news outlets and the media doesn't quite paint the picture in a cut and dry manner. That's not their job is to babysit us and it's not their job to tell you every specific thing that they're going to do, how they're going to do it, what the exchange rate is, what the date is. Anybody that thinks that is going to ever be possible I'm not sure you should be in this investment. The fact remains we all have curiosity so fair enough. We're all curious to what that is and we're going to have to wait to find out...
Iraq's gearing to go internationaland you can see that with all the trade that's done with China, Japan, United States of America, Canada, Jordan, Saudi Arabia, Iran, the borders, trucking everything is coming together...Iraq's oil capacity and output is increasing, the non-oil revenues are increasing and they're exporting agriculture and their credit rating is in good standing. They're basically saying we're open for business...It's stuff we've never seen before. It's phenomenal...
2023-24-25 budget has not been opened. They're not spending money yet. I don't think anybody out there has any data to support the fact that they have. I haven't seen it.
Article quote: "...Many Iraqi people including the Kurds may not have known in order to clarify part of the secrets of the crisis despite Baghdad's efforts to overcome them." What are they talking about?
They're giving an excuse why some things didn't happen. They're giving themselves a way out and that way out was something that was secret. What could not be disclosed to them until the last minute? ...My view on it is that secret, that unknown, is likely going to turn out to be an exchange rate change...
5 Dividend-Paying Growth Stocks for an Uncertain September, 11 SEPT
U.S. stock markets are directionless at present as market participants remain clueless about a near-term recession and the Fed’s decision regarding the future movement of interest rate. Year to date, the Dow — the biggest gainer of 2022 — is up 4.3%. The broad-market benchmark — S&P 500 Index — has advanced 16.1%. However, the tech-heavy Nasdaq Composite has rallied 31.5%, buoyed by a lower inflation rate and the Fed’s decision to reduce the magnitude of interest rate hike.
However, last month, U.S. stock markets faced major setbacks for the first time in 2023. The Dow, the S&P 500 and the Nasdaq Composite slid 2.4%, 1.8% and 2.2%, respectively. Market participants remained concerned after Fed Chairman Jerome Powell’s comment at the Jackson Hole Annual Monetary Policy Symposium that the central bank may pursue more hikes in interest rate depending on economic data.
At present, the interest rate is in the range of 5.25-5.5%, its highest in more than 22 years. Investors are worried about how markets will behave this month. September is historically the worst-performing month on Wall Street. In the absence of earnings results, the Fed’s September FOMC meeting will be the key focal point this month.
In this regard, investors are hopeful that a series of recently released weak economic data may act as a barrier for the central bank to hike interest rates further. Nevertheless, a large section of economists and financial analysts expects the Fed to hike interest rate by 25 basis points in its November FOMC meeting.
At this stage, it will be prudent to invest in growth stocks with a favorable Zacks Rank that pay regular dividend to strengthen one’s portfolio.
Our Top Picks
We have narrowed our search to five dividend -paying growth stocks that have solid upside left for the rest of 2023. These stocks have witnessed positive earnings estimate revisions in the last 60 days. Each of our picks carries a Zacks Rank #1 (Strong Buy) and has a Growth Score A or B. You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks in the past three months.
Image Source: Zacks Investment Research
Caterpillar Inc. (CAT - Free Report) has seen year-over-year revenue and earnings growth for nine straight quarters thanks to its cost-saving actions, strong end-market demand and pricing actions that offset the impact of supply-chain snarls and cost pressures. We expect the company’s adjusted earnings per share for 2023 to grow 19.5% and revenues to rise 7.6%.
Caterpillar has an expected revenue and earnings growth rate of 11.9% and 43.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 30 days. CAT has a current dividend yield of 1.84%.
Erie Indemnity Co. (ERIE - Free Report) operates as a managing attorney-in-fact for subscribers at the Erie Insurance Exchange in the United States. ERIE provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange.
Erie Indemnity has an expected revenue and earnings growth rate of 12.5% and 32.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.4% over the last 30 days. ERIE has a current dividend yield of 1.72%.
LSI Industries Inc. (LYTS - Free Report) is an Image solutions company. It combines integrated design, manufacturing, & technology to supply its own high-quality lighting fixtures and graphics elements for applications in the retail, specialty niche, and commercial markets. LYTS has two segments, Lighting and Display Solutions. LYTS operates in the United States, Canada, Mexico, Australia, and Latin America.
LSI Industries has an expected revenue and earnings growth rate of 4.2% and 27.3%, respectively, for the current year (ending June 2024). The Zacks Consensus Estimate for current-year earnings has improved 19.1% over the last 30 days. LYTS has a current dividend yield of 1.33%.
Guess? Inc. (GES - Free Report) has benefited from strength in its businesses across Europe and Asia, along with its focus on six strategic initiatives. The core strategies include organization and culture, functional capacities, brand relevance with three main consumer groups (heritage, Millennials and Generation Z customers), customer focus, product brilliance, and an international footprint. GES is progressing with its customer-centric initiatives, including omnichannel capabilities and advanced data analytics.
Guess? has an expected revenue and earnings growth rate of 3.3% and 10.6%, respectively, for the current year (ending January 2024). The Zacks Consensus Estimate for current-year earnings has improved 1.7% over the last 30 days. GES has a current dividend yield of 5.20%.
J&J Snack Foods Corp. (JJSF - Free Report) manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. JJSF operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.
J&J Snack Foods has an expected revenue and earnings growth rate of 3.6% and 25.9%, respectively, for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved 6.6% over the last 60 days. JJSF has a current dividend yield of 1.66%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
“Black gold mafias” in Iraq...holes that generate billions of dollars in the pockets of influential parties , 11 SEPT
“Black gold mafias” in Iraq...holes that generate billions of dollars in the pockets of influential parties - Urgent
Today, Sunday (September 10, 2023), oil affairs specialist Ghanem Hassan revealed the truth about the existence of crude oil “mafias” in Iraq.
Hassan told "Baghdad Today", "Crude oil mafias exist in the country, especially the southern governorates, and they are basically arms of powerful parties that steal oil by bypassing the main pipelines, but they are not able to drill any well and steal crude oil because the well-drilling mechanism is complex and requires huge resources." It can only be provided through the Ministry of Oil and international investment companies.”
He added, "The theft of oil takes place in the remote areas through which crude oil pipelines pass and is monitored from time to time," pointing out that "the Ministry of Interior dismantled, months ago, the largest network in the history of Iraq for stealing and smuggling oil in which senior officers were involved," noting that “The network revealed many secrets.”
He continued: "There are wells in northern Iraq being drilled by specialized companies, and oil is being smuggled away from the Iraqi Marketing Company (SOMO), and there are important parties involved in this act and they are monitored and known by those concerned."
He pointed out that "Iraq's problem is smuggling, which represents a huge waste of the country's wealth, as it is sold for up to 40% less than its real price, and the money goes into the pockets of corrupt people, mafias, and the economic arms of certain parties."
Black gold mafia
Observers indicate that due to the weakness of government oversight and the difference in fuel prices between the provinces of the region compared to other provinces and neighboring countries, oil smuggling operations are carried out by creating holes in the main transport pipelines by connecting high-pressure pipes to withdraw and smuggle the oil .
Prime Minister Muhammad Shiaa Al-Sudani announced on November 2, 2022, “the dismantling of the largest oil smuggling network in Basra Governorate, at a time when the National Security Service revealed the involvement of senior officers and employees, directors in the Energy Police and a number of associates in Basra Governorate, and the confiscation of 49 tanks.” With wheels prepared for smuggling, 93 dens and 496 tanks violating controls were found, in addition to the closure of 11 stations violating controls as well, while the smuggled quantities were estimated at 75 million barrels per month.
By calculating the minimum return on sales from the smuggling network. If the value of one barrel is estimated at $50, the revenues generated from selling 75 million barrels would be approximately four billion dollars per month.
The revelation of the dismantling of a number of oil derivatives smuggling networks opens the door to the file of the “black gold mafia,” which has spread in the country under the auspices of a number of senior officials and police commanders, causing severe damage to the Iraqi economy and negatively impacting the livelihood of citizens link
To end the dispute between the region and Baghdad. Parliament intends to legislate the oil and gas law in its current session, 11 SEPT
Time : 2023/09/10 13:09:44
{Political: Euphrates News} Member of the House of Representatives Zainab Al-Khazraji confirmed the determination of the House of Representatives to approve the oil and gas law during the current session to end all differences between Baghdad and the region.
Al-Khazraji said in a statement drawn by {Euphrates News}, that "the adoption of the oil and gas law will end all the differences that exist between Baghdad and the region, which have been pending for years."
He added, "Among the important laws that the House of Representatives intends to approve is the oil and gas law, which has been suspended since 2005," indicating that "its approval will contribute to preserving the fair distribution of wealth throughout Iraq. LINK
"RV UPDATE" BY MNT GOAT, 11 SEPT
Mnt Goat
Article: "IRAQ IS ADVANCING GLOBALLY AND SETTLING IN THE ARAB WORLD WITH THE LARGEST ECONOMY IN THE WORLD IN 2023" Quote: "
...Iraq ranked 49th in the world’s largest economies for the year 2023, after it was ranked 52nd last year, within a list of 190 countries, according to a report by the International Monetary Fund."
...they now have a VERY high level of Security and Stability, something that we have heard over the last 20 years they needed. Well…now its here…
...I have to tell you the currency rate of 1/6 of a penny (IQD 1320 = USD 1) absolutely does not reflect the currency rate of the dinar. It is being “artificially suppressed”! But most importantly...
many other financial wizards, much more knowledgeable than I, also feel this way. To make a very good comparison one only needs to compare Iraq to Kuwait to see the imbalance and inequity happening (KWD 1 = USD 3.45).
Pessimistic expectations.. What is the secret behind the 2023 budget not being released yet?, 11 SEPT
Pessimistic expectations.. What is the secret behind the 2023 budget not being released yet?
Iran Continues To “Dry Up” Iraqi Dollars.. The Dollar Is On The Way To Flying Towards 160 Thousand (Details), 11 SEPT
Iran Continues To “Dry Up” Iraqi Dollars.. The Dollar Is On The Way To Flying Towards 160 Thousand (Details)
Baghdad today - Baghdad Today, Sunday (September 10, 2023), the expert in economic affairs, Nabil Al-Marsoumi, detailed the reasons for the continued rise in the exchange rate of the dollar against the Iraqi dinar, despite the many decisions taken by the Central Bank.
Al-Marsoumi said in an interview with “Baghdad Today” that “the reason for the large gap between the dollar in the official market and the parallel market is due to the large trade with Iran, as the latter exports goods to Iraq worth 10 billion dollars annually, and this trade is covered through bank transfers that go to banks.” UAE and then to Iran.”
He added, “After implementing the electronic platform system, bank transfers were stopped, and trade with Iran is now being covered through the parallel market, so there is pressure on the dollar,” noting, “There are parties that monopolize the dollar in order to pump it back to Iran for the purpose of commercial settlement with "Tehran."
Although Al-Marsoumi does not hide that Iraq faces many economic problems in this aspect, he confirms that the demand for investment and consumer goods will increase after the release of budget allocations.
“Due to the limited national production base, the demand for the dollar will increase again and cause it to rise to high levels,” the economist says.
Al-Marsoumi was not satisfied with this, but rather warned that the price of the dollar was on its way to jumping above the barrier of 160 thousand dinars, in the coming weeks due to a number of reasons mentioned, and “the failure to take decisions that would reduce the difference.”
According to US sanctions, any deal between Iran and Iraq must be based on the dinar, and the use of the US dollar in these transactions is prohibited.
14 private Iraqi banks were prevented from purchasing US dollars from the Central Bank of Iraq as part of a campaign by the US Treasury Department to smuggle dollars to Iran through the Iraqi financial system .
Banks were prohibited from purchasing US dollars through the "foreign exchange auction window", known as dollar and conversion auctions .
It is an officially approved mechanism to cover the foreign currency needs of banks and public and private commercial institutions, and ensures the ability of these institutions to finance their financial activities and foreign trade .
The American step taken by Washington on July 19, 2023 is part of a broader effort to prevent Iran from depleting Iraq’s dollar reserves through false or fictitious import transactions carried out with “inflated” invoices or “fraudulent” money transfers.
The Central Bank of Iraq works with the US Department of the Treasury to implement anti-money laundering and counter-terrorism financing initiatives .
The Central Bank explained that within the framework of this partnership, an “electronic platform” was developed to ensure the safety and accuracy of money transfer transactions in all aspects, in accordance with international standards and practices. LINK
“Iraq Has Moved Closer To Its Goal.” Washington Praises The Baghdad Airport Control Unit, 11 SEPT
“Iraq Has Moved Closer To Its Goal.” Washington Praises The Baghdad Airport Control Unit
Baghdad today – Baghdad Today, Sunday (September 10, 2023), the US Ambassador to Iraq, Alina Romanski, welcomed the opening of the air cargo control unit at Baghdad International Airport, noting that it represents an essential part of Iraq’s ability to combat illicit trade.
The ambassador posted on the social networking site "X" a picture of herself while giving a speech during the opening of the unit at Baghdad International Airport.
Romanski said, in a tweet, that “the safe movement of air cargo will encourage more trade between Iraq and the global economy, and reduce illicit trade and cross-border threats.”
She pointed out that the air shipper controller unit is funded by the Regional Export Control Program of the US Department of State.
She expressed "the respect of the United States of America for its Iraqi partners for their continued commitment to establishing border security for a more stable, secure, and sovereign Iraq."
She added, "The safety and security of our international partners is the security of the entire world." She also thanked the United Nations Office on Drugs and Crime for its hard work in establishing this unit, according to what was reported by the Iraqi News Agency.
She said, "Smugglers use legitimate goods to hide illegal shipments and the large volume of global trade and shipment movements makes it difficult for customs officials to enforce the law and discover illicit cargo, which is often hidden."
Romanski added, "By establishing this unit, Iraq is sending a strong message to the international community that it continues to work on customs procedures and monitoring goods transparently," noting that this step brings Iraq close to achieving its goal of more flights between Baghdad and major cities around the world. .
Earlier today, the head of the Border Ports Authority, Major General Omar Adnan Al-Waeli, announced the opening of a container monitoring unit at Baghdad International Airport with support from the United Nations Office on Drugs and Crime, which will contribute to monitoring containers and targeting dangerous global shipments based on an analysis of existing danger indicators. In shipping documents. LINK
"RV UPDATE" BY FRANK26, 11 SEPT
Frank26
Community Comment "I'm so confused about 'Humanitarian Projects' " There's no such thing...And there is no such thing as any project out there that's going to give you more than what the CBI is going to give. Don't be gullible. Don't be greedy. Don't let the serpent tempt you to be glutenous...
Question: "Why would JP Morgan ever release Iraq from their current situation?" Because JP Morgan knows they have to make money in the exchange process that's about to occur.Iraq's Oil Reserves Increased To Nearly 6 Billion Barrels, 11 SEPT
Iraq's Oil Reserves Increased To Nearly 6 Billion Barrels
Iraqi Oil Minister Hayyan Abdul Ghani confirmed on Sunday that Iraq’s oil reserves had risen to 6 billion barrels.
This came in a speech he delivered during the launch of the activities of the first Iraqi conference and exhibition for oil projects and licensing rounds in the field of oil and gas, which lasts for 3 days in the capital, Baghdad.
Abdul Ghani said in his speech that, in order to dedicate the pioneering role of the Ministry of Oil in providing the necessary and basic resources to finance the Iraqi state budget, and supporting these resources with strategic projects that double the financial return and provide various opportunities in all sectors,
This vital ministry has gone to sponsor and support exhibitions and conferences that serve In the interest of the Iraqi economy, providing large financial resources to support the Iraqi state budget directly and indirectly and providing areas for developing the local industry in the field of oil and petrochemicals, refineries and other necessary projects.
Abdul-Ghani also pointed out that “wherever there is oil and gas, the local economy will develop, and the Ministry hopes that specialized international companies will participate in these promising rounds and contribute to gas investment projects in order to achieve self-sufficiency for this vital material and export its surplus abroad.” https://www.radionawa.com/all-detail.aspx?jimare=35631
JUDY NOTES, 11 SEPT
Global Currency Reset:
Judy Note: The below is a summary of recent Intel of TNT, Wolverine, Bruce and MarkZ: Overnight Thurs. 7 Sept. monies began moving. By Fri. 8 Sept. in Zurich, Yellow Dragon Bonds were paid out, while in Reno the Admiral put in the Redemption Codes and gave the green light for Whales to be paid. Kurdistan received $500 billion to pay out on Sat. 9 Sept. This past weekend the ATMs, new coins and monies activated in Iraq, in the US and it was assumed, throughout the World. News of that GCR activation was scheduled to come out sometime between now and Tues. 12 Sept, at which time all other tiers would begin to be paid. Currency Exchanges and Zim Bond Redemptions were to be completed by Sun. 1 Nov. when the US Federal Dollar would be considered worthless.
- Sat. 9 Sept. TNT: The three letter agencies say that everything is done and that the time frame is from Friday to Tuesday morning for all of this to finally be over. The new ATMs, new coins and monies will be activated this weekend. So from Friday night until Tuesday morning is when they say this will all be finished. Everyone is excited about this weekend…on both sides of the “water” (here in the USA and in Iraq). They have been “dragging” that Kurdistan was supposed to receive $500 billion to pay everyone last Thursday and now they say they will receive it on Saturday 9 Sept. On Wednesday they told us that this weekend was going to be very important and things are moving… so starting at 4 pm Friday 8 Sept. until Tuesday morning 12 Sept. is when the three letter agencies say that we can have news. I don’t know when it will happen. I just hope it happens now. That’s what they tell us: that these days, all this is supposed to be finished.
- Wolverine: On Fri. 8 Sept. in Zurich, Yellow Dragon Bonds were paid out, while in Reno the Admiral put in the Redemption Codes and gave the green light for Whales to be paid. Everyone else will be paid on Monday 11 Sept. and Tuesday 12 Sept.
- Thurs. 7 Sept. Bruce: International Upper Bond Contacts in Geneva say that monies began moving overnight Thurs. 7 Sept. with funds to be used for NESARA/ GESARA and Bond Holders. Email notification to Tier 3 Bond Holders would be sometime Sunday into Monday 10, 11 Sept. Bond Holders to get access to their funds Monday evening 11 Sept. Tier4B (us, the Internet Group) should get notification to set appointments on Monday 10 Sept. and could start exchange appointments Monday afternoon into Tues. 11 Sept.
- Fri. 8 Sept. TNT Call: The three letter agencies say that the RV should be started between Fri. 8 Sept. and Tuesday 12 Sept. morning. Citizens of Iraq were told that the new coins and lower denominations would be activated this weekend.
- Wed. 6 Sept. Evening MarkZ: Group, Reno and other redemption sources say its anywhere from now until Sat. 9 Sept. Military sources say that they are pushing for exchanges to be completed by Sun. 1 Nov. and that our current US Federal Dollar would be worthless by then.
- Forbes Converter Zim to USD: https://www.forbes.com/advisor/money-transfer/currency-converter/usd-zwl/
Timeline
- On Fri. 1 Sept. 2023 full integration of the Quantum Financial System took place after the US National Debt of close to $33 Trillion was paid off. This triggered the Global Currency Reset.
- Fri. 8 Sept. monies were moving for the Global Currency Reset. In Zurich, Yellow Dragon Bonds were paid out, while in Reno the Admiral put in the Redemption Codes and gave the Green Light.
- On Sat. 9 Sept. The two day G20 Summit began in New Delhi, where the Cabal made major economic changes, among them was announcement of their digital fiat currency activation in Oct. 2023: https://www.livemint.com/news/india/g20-summit-and-indias-presidency-date-logo-venue-theme-how-does-it-work-and-more-faqs/amp-11693382435496.html
- On Mon. 11 Sept. An Event – good or evil? – was believed to be planned for 9/11.
- Fri. 15 Sept. EBS?: Donna C “I have a friend in SC works for the convention center. Said the employees have been told that the EBS will go off on 9/15 & all communications will be turned off. I trust this person with my life. Just a heads up.”
- On Sun. 1 Nov. Currency Exchanges and Zim Bond Redemptions were to be completed, at which time the US Federal Dollar would be considered worthless.
- BY JUDY
CHELLA CC HIGHLIGHTS NOTES, 22 DEC
CHELLA CC HIGHLIGHTS NOTES Summary CH Smith hosts a live news update on Iraq, covering the stock exchange, banking reforms, and tourism deve...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...