Parliamentary confirmations that the government will proceed with removing foreign forces from the country
6-18-2024
Parliamentary confirmations that the government will proceed with removing foreign forces from the countryInformation / Baghdad..
Member of the Parliamentary Security and Defense Committee, Muhammad Al-Shammari, confirmed on Tuesday that the government is moving forward with ending the presence of all foreign forces, including Turkish forces, from Iraqi
territory.
Al-Shammari said in an interview with the Maalouma Agency, “The Prime Minister stressed in more than one forum the removal of foreign forces, led by the Turkish ones, in order to preserve the country’s sovereignty.”
He added, “The presence of these forces constitutes a serious violation of the country’s sovereignty,” noting that “Iraq will move toward activating the issue of removing international coalition forces from Iraq.”
He stressed that “there are assurances from the government to remove foreign forces from Iraq, and it is proceeding with this matter.”
Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" Quote: "Iraq's budget for the current year 2024 allocated an amount of up to 4.9 billion dollars to establish a pipeline extending from Basra in the far south of Iraq on the waters of the Gulf, to the city of Haditha, located in the far west of Iraq within the Anbar Governorate"
Article: "The European Union mission expresses its readiness to cooperate with the Iraqi banking sector”
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Article: "Kuwait connects its “Fiber” network to Iraq" Quote: "Iraq will be a major corridor for passing the network, not only in the Gulf. But for the countries of East Asia, it will be synonymous with the Egyptian corridor...Iraq has become the focus of attention of countries and major international companies due to the incidents that took place in the Red Sea and the fear of the cessation of communications through this corridor."
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IN 2023 THERE WAS AN APPEAL ON THE ACTUAL BUDGET... BUT WAS RULED OUT THROUGH THE COURTS. THE TRIPARTE BUDGET WAS LEGALLY PASSED, SENT TO THE PRES. WHO SIGNED IT AND WAS PUBLISHED IN THE GAZETTE.
Today's Article Quote: "I do not think there will be an appeal, and even if there is an appeal, the budget will be spent, because it was voted on and its issue was decided legally."THERE IS NO APPEAL ON THE BUDGET SCHEDULES THAT WERE JUST PASSED BY PARLIAMENT AND IT WAS NOT NECESSARY TO BE SIGNED BY PRES. BECAUSE THE BUDGET WAS ALREADY PASSED...THE MOJ HAS IT NOW AND WILL PUBLISH WHEN READY.
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Question: "Wonder if the budget made it into the Gazette?" NO IT WAS NOT IN THE GAZETTE TODAY [Saturday].
Article: "Rudaw publishes the text of the third strategic plan of the Central Bank of Iraq" Quote: "Regarding the initiatives that the bank linked to the sub-goals, they include the ability to issue medium or long-term securities, move from the platform to the sending banks in making external transfers, increase gold reserves, offer new issues of high-qualitycurrency, automate monetary operations, and support financing..."
Article: "Al-Mandalawi after voting on the budget tables: Parliament will follow up on disbursing the specified financial amounts".
The Acting Speaker of the House of Representatives, Mr. Mohsen Al-Mandalawi, congratulated the approval of the federal general budget schedules for the current year, stressing that the presidency made great efforts with the Parliamentary Finance Committee to expedite its completion and vote on it during the current legislative term, due to its importance in terms of its direct connection to the lives of citizens and its relevance. The document includes strategic, investment and service projects.”
Article: "Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations."
Quote: "The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday."
Iraq tops list of importers of Turkish grains, pulses, and oils
Shafaq News/ Iraq ranked first among countries receiving Turkish exports of grains, pulses, oilseeds, and related products during the first five months of this year.
Celal Kadooğlu, Chairman of Cereals, Pulses, Oilseeds, and Products Exporters' Association, stated that their exports in the first five months of 2024 increased by 9.2% compared to the same period last year, reaching $1.4 billion.
In a statement, Kadooğlu noted that 51.5% of their exports are to the Middle East and 24.19% to African countries, emphasizing that exports to Iraq, the largest importer of products from the region, surged by 16.2% in the first five months of the year compared to the previous year.
Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion." Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.
All we're looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don't. But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate.
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If they have a real effective exchange rate like al-Sudani said, that the dinar is going to be stronger than the dollar, the parallel market goes away...Obviously the stronger the currency is the cheaper it is for Iraq to do what they need to do. It's a no-brainer. It's that simple.
The black market is going to exist if the United States dollar is less than the Iraqi dinar...There's not much demand for the dollar now...They've got it under control. Is it showtime? I sure hope so.
I don't care if you've been in this for 20 years. What we're seeing now is completely different. It's a progression. Some people don't like the progression. They just want it to be over and done. Welcome to the club.
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You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate. I think these guys are about ready to expose that. I think al-Sudani...Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly...
Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.
Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up. They're going to have lots of different little things happen to them that are going to be painful. Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank... they're going to have a painful experience because if you're no...FOR READ MORE:https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html
Prime Minister’s Advisor Madhar Mohammed Saleh confirmed on Monday that Iraq has ranked a distinguished position with international groups that follow the best banking compliance systems, making it safe from any international financial risks, denying the existence of cash problems.
Saleh said, according to the official agency, and followed by “Mil, that “the mechanisms of cash issuance are one of the exclusive competencies of the Central Bank of Iraq because it is the issuing bank based on its Law No. 56 of 2004,” noting that “what is published here and there about problems in cash liquidity is far from the firm institutional basis of the monetary authority in Iraq, which is one of the most important authorities concerned with the issues of availability of cash and the stability of the payment system, which adds the sustainability of the stability of transactions in the national economy.”
He added, “Managing cash, building the cash foundation and controlling the country’s liquidity levels is subject to the principle of a long-term scheme consistent with the achievement of the operational objectives of monetary policy in order to achieve the intermediate goals of stability, sustainable economic growth and the determination of long-term cash flows.”
Saleh indicated that “Iraq has occupied a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks,” pointing out that “Iraq is an essential pillar in regional and international financial cooperation institutions in the scope of combating money laundering, crime and terrorism funds.”
He pointed out that “Iraq recently received a clear positive praise in its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region held in the Kingdom of Bahrain, a certificate from the international financial community confirming the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations.”
Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.” Putin and Vietnam's leaders were said to have been working on an agreement regarding ruble-dong currency transactions through the banking system. This meeting is expected to enable payment for goods and services. Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade, and military arms expansion. Proper military spending over GDP stabilizes and promotes currency values of a country. Why? Money spent on the military ends up in the private sector as payment for goods and services the military requires.
Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Economy. Vision TimesEducation CFRNature
Nervous about the market? Here’s one thing you could do if shares start sinking fast
Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected] January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.
So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%.
And then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability and full employment. It feels like the price stability side is coming into better focus.
As the economy slows a little bit here, and you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise.
That could be the trigger for rate cuts. So we’re not ruling out rate cuts by September. We could easily have a cut. The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. CNN
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Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. | Risk Net
Political | 07:21 - 06/18/2024 Al-Sudani: Iraq is on the right path 161862024_IMG_9871
Baghdad - Mawazine News Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed the government’s support for all arts, while indicating that Iraq is on the right path.
This came during Al-Sudani’s reception this afternoon with a group of Iraqi plastic artists and sculptors on the occasion of Eid Al-Adha, according to a statement received by Mawazine News Agency.
Al-Sudani offered congratulations to those present on the occasion of the blessed Eid, stressing that art has historically flourished in Iraq since ancient civilizations, and the cultural connection of plastic art has not been cut off in subsequent eras, which was embodied in the important drawings left by the Iraqi artist.
He explained that Iraqi plastic art is an Arab pioneer, and this size and artistic cultural weight makes the task of plastic artists and sculptors double. Because they are the heirs of all the creators of civilizations in this land, pointing to the necessity of establishing a museum for Iraqi plastic art in Baghdad.
He also stressed that Iraq went through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them.
He pointed to the government’s interest in culture and arts in general, and allocated for the first time more than 13 billion for various types of arts, stressing the importance of holding conferences and cultural activities, due to the cultural sector’s need for them and in order to introduce the reality of Iraq, and the government will take care of them, and His Excellency stated that, at the request of the university president Arabic: The Iraqi pavilion at the Arab League was awarded 15 paintings by Iraqi artists.
The Prime Minister explained, “Iraq is on the right path at all levels, and the national service government has a clear image based on a thoughtful government program that represents an essential step for building confidence between the political system and the people.”
Al-Sudani confirmed, during the meeting, his approval of a set of proposals presented by the delegation of plastic artists. And artists, concerned with the interest in fine art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them. https://www.mawazin.net/Details.aspx?jimare=249907
🇺🇸💥🇺🇸. Venezuela government lifting their economy up by signing contracts with the Brics countries! 💥💥💥. This will probably raise the value of their bolivar! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Using ATMs in Iraq! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. China and the U.S. Pacific Naval fleet worked together a few years ago to clean out Taiwan. 💥💥💥. There were deadly biolabs underground and human trafficking! 💥💥💥Everything is always done ahead of the time it is out in the public! 🇺🇸💥🇺🇸👇👇👇
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🇺🇸💥🇺🇸. Notifications released for Tier 4B in Brazil and Columbia……on Wolverines chat just now! 💥💥💥. Our turn will come sometime…..🇺🇸
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🇺🇸💥🇺🇸. The fiat dollar will die on Sunday, June 9. 💥💥💥. However, our financial system will be resurrected with our new U.S. Note which is gold backed! 🇺🇸💥❤️🇺🇸
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TRUTH WARRIORS
🇺🇸💥🇺🇸. Notifications released for Tier 4B in Brazil and Columbia……on Wolverines chat just now! 💥💥💥. Our turn will come sometime…..🇺🇸💥🇺🇸
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🇺🇸💥🇺🇸.Iraq and Germany making agreements for projects for private sector! Sudani has been a very busy man! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Interesting. Currency companies told to stop selling foreign currencies in Iraq now in this window…….before what? 💥💥💥. Perhaps before the camper event? Just supposition since that event is very close. 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Iraq is shifting to a gold backed currency! This makes their dependence on oil to back their currency non relevant! 🇺🇸💥🇺🇸👇👇
Behind the scenes of an exciting session of merchants and restaurant owners who “invested” in the exchange rate difference in Iraq
A lengthy report by the American newspaper “The National” reviewed the scenes of investing in the exchange rate difference in Iraq, where businessmen, merchants, and restaurant owners benefited by operating their money in this trade, by withdrawing the dollar from the central bank and selling it on the black market, which achieved huge and rapid profits in this way, However, the recent actions of the Central Bank caused problems between these partners due to losses.
The report, translated by “Baghdad Today,” says, “Despite recent efforts for reforms, challenges remain, and well-connected businessmen are still exploiting loopholes in the foreign currency sales window managed by the Central Bank of Iraq to make obscene amounts of money.” From the margin between the official exchange rate and the black market rate.
The National spoke to dozens of businessmen who said the strict measures had helped simplify the import process and forced many to formalize their transactions, but they said there was still room for manipulation.
One of the businessmen said: “There are still ways to circumvent the procedures,” adding that “falsifying invoices and arrangements at border crossings and manipulating the prices of goods by setting inflated prices by exporters are among the common methods.”
In a room decorated with intricate tapestries and ornate tapestries, The National attended a tense meeting of businessmen, their faces etched with a mixture of frustration and resignation.
They have banded together to resolve a months-long financial crisis that has escalated beyond the bounds of legality, plunging them into the murky waters of clan diplomacy.
By accessing a government-run platform offering US dollars at the official rate, a businessman lured other traders with a deal promising them huge profits from the spread between official and black market rates, sources involved told The National.
With hundreds of millions of Iraqi dinars in circulation, traders received unexpected cash gains. But as the days and months passed, the businessman found himself unable to pay his debts, leaving the merchants in a precarious situation.
No official complaint was filed against him, and the businessman did not face any trial.
“It is clear that we have reached an impasse,” a representative of the businessman who lives in a neighboring country told the audience, who exchanged wary glances.
"We can't continue down this path. It's time to cut our losses."
His proposal hung in the air, and was met with hesitant votes of approval.
Giving up half of the two billion Iraqi dinars was a bitter pill to swallow, but it seemed the only viable option in the face of mounting losses and uncertainty.
The owner of a famous restaurant chain in Baghdad told The National newspaper after the meeting: “We say that whoever loses half his money is not a loser.”
“At least I have half my capital in my hands – better than nothing,” he said.
“There is no business that allows you to hit the jackpot like taking advantage of the exchange rate margin in a short period of time, which is why we invested heavily with him.
He added: "Over the past months, he has been paying us on time, but it seems that he has been having problems recently." link
⭐️BRIEFEST BIG CALL NOTES FOR TUESDAY JUNE 18TH, 2024
STICKING WITH THE NEW FORMAT TO KEEP HOPEFULLY EVERYONE HAPPY – HAVING SAID THAT ALL SIDES OF THE SO CALLED GOVERNMENT, PICK A COUNTRY THEY ARE ALL THE SAME APART FROM A COUPLE OF VERY SPECIAL AND MAYBE EVEN BLESSED AND DIVINELY PICKED COUNTRIES THAT HAVE INDEED TURNED OVER A NEW LEAF AND ARE TRYING VERY HARD NOW TO LISTEN TO OUR FATHER CREATOR AND GO WITH HIS PLAN FOR THE BENEFIT OF THEIR PEOPLE - AND NOT THOSE OF THE FACELESS/HIDDEN SUPPOSED CONTROLLERS OF THIS 3D CONSTRUCT. NO FEAR AND NO WORRIES DEAR ONES, ALL IS CHANGING AND ALMOST IN THE BLINK OF AN EYE WE’LL SEE AND BE LIVING IN OUR NEW WORLD.
LET’S PRAY AND BELIEVE WITH ALL OUR HEARTS THIS IS NOW FINALLY OUR WEEK FOR THOSE BLESSED NOTIFICATIONS FOR T4B. EVEN HAS A GOLDEN AND BLESSED RING TO IT - DOESN’T IT??? HAS BEEN SOMEWHAT OF A CONFRONTING WEEK ON A PERSONAL LEVEL - SO MY THOUGHT WAS EVEN A FEW UPLIFTING WORDS WERE BETTER THAN NONE, BUT IF YOU WANT MORE ALONG THOSE LINES, HAVE A READ OF A FEW VERSES I FOUND POSTED AFTER BRUCE’S INTEL - WHICH WILL ALSO LIFT ANY SAGGING SPIRITS - EVERY SINGLE ONE OF US NEEDS HOPE - AGAIN A VERY PRECIOUS GIFT.
INTEL ONLY
***WHERE ARE WE NOW???***
We have some interesting information today some of the RC people we know they have a job to put into the QFS the codes in the last couple of days- they put them in but didn’t receive them – but today they put in the codes and then wait to see if it took – of the three one was received and two were on Iraq and Rupiah and Bruce believes the Iraqi budget was in the Gazette last Saturday – but is now being told tomorrow Wednesday – so the fact that something came back about Iraq and was probably Bruce thinks that the rate was not in the Gazette - but they were not quite in the position to lock in the rate for us.
Cut to Afghanistan and it requires a rate sold and to be locked in – so tomorrow we’ve been told the codes will be entered again and we just wait to see ALL THREE to be Received and we should see solid Screen Rates at the RC showing a solid and exchangeable currency(s).
And from another source - if there was a FF tomorrow but if NOT and that we’d be in the midst of this tomorrow and maybe even exchanges tomorrow afternoon / evening – but I think I the information that we’ve had in the last few days – and interesting that this would be done on FREEDOM DAY - so that’s how we should be looking at this - we’ve had green lights flashing and people at WF entering the codes but now when they entered again and come back with solid rates and we should then be able to set our appointments for our exchanges and that’s really what I wanted to say.
The government announces monitoring. 13 billion dinars to support culture and arts
Baghdad - Iraq Today:
Prime Minister Mohamed Shia al-Sudani confirmed that his government has allocated more than 13 billion dinars to support culture and arts.
The Prime Minister's Media Office said in a statement that "Al-Sudani received a group of Iraqi plastic artists and sculptors on the occasion of Eid al-Adha."
Al-Sudani pointed out that "art has flourished historically in Iraq since ancient civilizations, and the cultural connection of plastic art has not been interrupted in subsequent eras, which is embodied in the important drawings left by the Iraqi artist," noting that "Iraqi plastic art is a pioneer in the Arab world, and this size and weight of artistic civilization makes the task of plastic artists and sculptors doubled, because they are the heirs of all civilizations makers in this land."
"The importance of establishing a museum of Iraqi plastic art in Baghdad," he said, noting that "Iraq has gone through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them."
He pointed out that "the government allocated 13 billion for various types of arts," stressing "the importance of holding conferences and cultural activities, because of the need of the cultural sector and in order to introduce the reality of Iraq, and the government will take care of them."
"At the request of the president of the Arab League, the Iraqi pavilion in the Arab League was awarded 15 paintings by Iraqi artists," he said.
The Prime Minister explained that "Iraq is on the right track at all levels, and the national service government has a clear picture based on a well-thought-out government program that represents an essential step to build trust between the political system and the people," stressing his approval of "a set of proposals submitted by the delegation of plastic artists and artists, regarding interest in plastic art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them."
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Taco Tuesday…..or maybe its Terrific Tuesday?
Member: Live from Puerto Rico it's time for the master of the nothing burgers and the holder of the golden egg shirt it's time for the Z man Mark Z and his golden egg bunch
'Member: I m really hoping that Mark's military contacts are correct about this "whole" thing being over by the 4th!! It would make sense to celebrate our new country on that day
Member: Indepedance Day would be good for rv
Member: Still hoping for sooner than that.
Member: What is the significance of June 23rd?
MZ: Good Question. Why do I have so many bankers from different banks across the US expecting something major to do with the US dollar to happen on the 23rd? I don’t know. But even people in Iraq are looking at specifically around that time period as well.
Member: Bo Polny thinks the Banks will be going down Thursday
MZ: What is the Fed doing on the 24th of this month? They have an open meeting on foreign exchange rate at 4:15 PM . They will be discussing foreign exchange rates.
Member: And the Federal Reserve Board announces the results from its annual bank stress tests on Wed. June 26th at 4:30 edt.
MZ: This is all interesting timing as we hear about changes happening on the 23rd.
Member: do you think Iraq will put the dinar on forex with only a NEER (Nominal Effective Exchange Rate) and then float? Or Immediately apply the REER (Real Effective Exchange rate) as well?
MZ: No, I do not think we will see the Iraqi dinar float. I believe they have been clear they want to retain value and peg it to assets. But, I could be wrong.
Member: Frank who says it will float but that's because he thinks Iraq is the only country who is RVing
MZ: I did hear more from Iraq sources today confirming about the ATM installations and training.
Member: so mark with Iraq putting ATM out frank said 10000 an troops guarding them wouldn't think we days ….not weeks or months away.
MZ: I do know of a few bond contacts who were again updating final contracts. I hope we hear more news on that soon. This hurry up and wait is frustrating.
MZ: I have multiple sources who have US Treasury based sources .who are purposely sowing different information to different people like groups ect…..the logical conclusion is they are trying to cloud the timing. They have ramoed rumors up the last few days.
Member: I wish everyone would stop asking when, when. No one is going to know ahead of time. Everyone will know together at the same time. I feel every time someone gives a date it delays the rv.
MZ: I do have a fun bank story. “A person went into the bank to ask questions. The banker said they were aware of the coming change with foreign currencies …but we are not exchanging at this location. He said We are doing it at a location in this region , but I am not allowed to tell you which location yet.
MZ: I thought this was great….coming from one of the top banks.
Member: Went Canada trust bank . They exchange Kuwaiti dinar but not Iraq dinar. However they are installing new bank machine.
Member: Mark…After the RV. ! How many days do you think we will have to exchange currencies? 30- 60- 90 days?
Member: He used to say at least 30 days….guess we wait and see.
Member” Happy Juneteenth tomorrow folks.
Member: Banks and mail should be closed tomorrow.
Member: On Mon Sudani (allegedly) announced on TV that before the end of the holiday June 19 Iraq will have a new rate.
Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE!
Thank you Mark for all the time and effort you spend keeping our family together. God Bless
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