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Tuesday, November 12, 2024
Mil” publishes the full decisions of the 46th session of the Council of Ministers held under the presidency of the Sudanese, 13 NOV
Baghdad – Mil
Mill publishes the full decisions of the 46th meeting of the Council of Ministers held on Tuesday, chaired by Prime Minister Mohammed Shia Al-Sudani.
The Prime Minister’s Information Office said in a statement, in response to “Mil”, that “Sudane chaired, on Tuesday, the 46th ordinary session of the Council of Ministers, in which the developments in the country were discussed, and the basic files related to the priorities of the government program were discussed, in addition to considering the topics on the agenda and taking the necessary decisions thereon.”
The statement added that “the Council approved the conduct of a general census of the population throughout Iraq after addressing technical issues with the Statistical Authority in the Kurdistan Region of Iraq, increasing the financial costs allocated to conduct the census, and the Ministry of Finance transferring the funds required to conduct the census without any slawness.”
He pointed out that “within the government’s procedures for administrative reform, it was approved to appoin (16) general managers, based on the government approach related to the process of evaluating officials and general managers, according to efficiency standards and good performance of tasks, making the number of those who were installed 266 general managers.”
Within the framework of facilitating the implementation of traffic jam projects in the capital Baghdad, the Council of Ministers approved the reowning of 385 dunums of the Basra 2 project, from the National Investment Commission to the Ministry of Finance, and allocating it to the Department of Roads and Bridges in the Ministry of Reconstruction, Housing and Municipalities for the purpose of implementing the fourth ring road project in Baghdad.
He explained that “in continuation of the government support provided to young people, the Council of Ministers approved the exception of the Ministry of Youth and Sports from the instructions to facilitate the implementation of the Federal General Budget Law, based on the provisions of Article (34) of the aforementioned instructions, as well as the Ministry’s exemption from the instructions for the implementation of government contracts (2 of 2014), and the controls attached thereto, and the Ministry’s authorization of direct contracting authority in order to make a success, host and hold the meeting of the Council of Arab Ministers of Youth and Sports in the capital Baghdad, and to establish an activity (Baghdad, the capital of Arab youth.”
In the energy sector, the recommendations and minutes of the committee composed under the directive of the Prime Minister on the recommendation of the Ministerial Council of Energy regarding the thermal cycle power plant project, and the continuation of taking legal procedures against the defaulters, according to the statement of the Media Office.
According to the statement, “In the course of government efforts to raise the capabilities and readiness of the armed forces, the development of the rehabilitation component of military bases and camps was approved within the project of building the capacity of the Ministry of Defense.”
He continued: “Within the regulatory procedures for structuring public companies, the Council of Ministers approved the following:
1. Al-Tareq General Company (previously) was excluded from the merger with Al-Furat General Company for Chemical Industries, and Al-Nahrawan General Company (formerly) from the merger with the General Company for Design and Implementation of Projects, pursuant to the decision of the Council of Ministers (360 of 2015) to enable each company (Al-Furat General for Chemical Industries, Design and Project Implementation) to submit their final accounts for the years from 2016 upwards, in addition to the ability of Al-Tareq General Company (previously) to submit its final accounts independently until the date of its association with the General Company for the Pharmaceuticals and Medical Supplies Industry in Samarra / Iraq.
2. Follow up the issuance of the Military Industrialization Authority of the final accounts of Al-Nahrwan General Company (formerly) for the years from (2009 to 2011) sent to the Federal Bureau of Financial Supervision under the letter of the Ministry of Industry and Minerals dated June 16, 2019 and follow-up of the completion of its accounts starting from 2012 and up, and submission successively and independently, up to the date of its merger with the General Company for Military Industries (previously) under the ministerial order dated June 12, 2016.
In the same context, it was approved that each of the following merged companies would submit their final accounts for each of them in detail for previous years before this affected the merger decision:
1. Al-Tareq General Company (formerly).
2. Al-Furat General Company for Chemical Industries.
3. Al-Nahrwan General Company (formerly).
4. The General Company for the Design and Implementation of Projects.
5. General Company for the Manufacture of Pharmaceuticals and Medical Supplies.
6. General Company for Military Industries (formerly).
He added that “in continuation of the lagging and suspended projects, the Council of Ministers approved the following:
First, increasing the amount of reserve for contracting the project (establishment of maintenance buildings and warehouses for the Faculty of Nursing in Fallujah) included as a component of the project (design and implementation of the building of the Faculty of Nursing of the University of Fallujah), and ensuring an increase in the total cost of the main project from the amount of savings within the cost of the main project components, which is (7) components.
Second / Developing a component (the remaining works for the construction of the primary health care sector building in Al-Shamiya) within the project (establishing the building of the primary health care sectors in the center and the districts of 4 Diwaniyas), and increasing the total cost of the project.
Third / Developing components (completing construction) for the projects outlined in the letter of the Ministry of Planning dated November 3, 2024, reducing the total cost of components (calling), and increasing the total cost of major projects.
Fourth / Increasing the reserve amount for the project (residential complex in Diwaniyah / Hamza), and increasing the amount of reserve.
The statement of the Information Office continued that “in the foreign relations file, the recommendation of the Ministry of Foreign Affairs on the establishment of diplomatic relations at the level of resident ambassador with the Republic of Turkmenistan was approved, based on the provisions of the Foreign Service Law No. 45 of 2008.”
He stressed that “it was approved that the General Company for Textile and Leather Industries handed over the value of materials (cash) for not including the judicial ruling in its ruling paragraph, which indicates implementation (cash in case in no kind execution).”
TIDBITS FROM PIMPY, 13 NOV
Pimpy
I'm sure you've already heard about the phone call between Sudani and Trump, so there's some good things coming down the road for Iraq...
Article: "Sudanese and Trump agree to coordinate to stop the region's wars and meet in the near future."
When the two of them spoke this was around the time about 70 different world leaders were calling to
congratulate Trump on his victory but they were saying that when it came to Sudani they had a much longer and different talk altogether. So why exactly does Trump want to meet with Sudani as soon as possible?
Trump is going to be making a proposal to Sudani I think that he won't be able to pass up on and that is he wants Sudani to help Trump negotiate some kind of peace deal with Iran or if he can't do that at least facilitate keeping them under control while he is in office so he can bring peace to the Middle East. He feels Sudani is his ticket into Iran.
Is The Grand Faw Port Iraq's Gateway To Global Trade?, 13 NOV
Is The Grand Faw Port Iraq's Gateway To Global Trade?
Posted on 2024-11-12 by sotaliraq In a move that represents a qualitative leap for the Iraqi economy, the government has opened five new docks within the Faw Grand Port project, raising questions about the possibility of transforming the port into a new starting point for global trade.
This project, which comes within the framework of the “Development Road” initiative, is one of the largest logistics projects in Iraq and the region, as it aims to link the Arabian Gulf with Europe through an integrated transportation network.
Economic experts confirm that the Faw Port will contribute to correcting the course of the Iraqi economy, by providing a giant infrastructure that supports all sectors, increases job opportunities, and enhances Iraq's competitiveness in the international economic arena.
With the completion of the remaining phases of the project by 2028, its capacity is expected to reach 91 million tons annually, making it one of the largest ports in the region and enhancing Iraq’s position as a major hub for global trade.
The economic expert, Maitham Al-Bolani, said, “The starting point of the development path is the port of Faw, which has become a reality in economic life and the first real infrastructure for developing the national economy and has a positive impact on the global economy, especially since the development path is being implemented in an Iraqi-Turkish-Emirati-Qatari partnership, and the Turkish side, in its first steps, concluded a quadripartite agreement with Hungary, Serbia and Bulgaria with the aim of delivering goods to the farthest parts of the world.”
He stressed that “the port of Faw represents an important starting point for global trade in various directions, and thus this port has great economic feasibility, especially with the existence of the development road, as the port and the road complement each other, noting that Iraq will be a fertile and mature investment destination for manufacturing industries at the present time at the very least and strategically in the future.”
It is noteworthy that the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said that “the opening of the five docks and the completion of the investment in the Faw Port will contribute to supporting the development path, in addition to the fact that it will be part of the Silk Road, indicating that Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.”
For his part, development consultant Amer Al-Jawahri said, “The Grand Faw Port is the first real step that will facilitate global trade and link the West of the world to its East by the shortest and least time-consuming routes.
It will also enhance the volume of Iraq’s international trade with East Asian countries, where there is a large volume of trade and achieves fluidity in this regard.”
He pointed out that “the completion of all stages of the Grand Faw Port, and its being a starting point for the development path, will enhance the reality of the Iraqi economy, and Iraq will be a real attraction point with great and sustainable benefit for Iraq.”
He pointed out that "Iraq, through this port, will be of new benefit to European countries as well and the West in general, and they will develop tendencies to invest in Iraq and its regions close to this project."
Al-Jawahiri recommended “establishing the executive body for the development road project, of which the Faw Port is an important part, complementary to the new road and railway projects and other projects in more than one economic joint, which is considered a necessity for this project.”
He pointed out the "importance of concluding agreements with several countries that have a direct impact on the process of managing the integrated project, starting with the port and the development path with all its institutions."
He stressed the “necessity of forming the Faw Economic Zone Authority, which will handle the issues of economic and industrial cities and the technological city, all the way to the tourist city, which is an important part of the region and of great benefit. Here, we stress the necessity of forming institutions and the authority with legislation, so that it will transcend the successive governments that have managed the country.” LINK
TIDBITS FROM SANDY INGRAM , 13 NOV
Sandy Ingram
Zimbabwe's new currency is set to trade on the Forex market.
[Why do] We discuss why we watch the ZIG currency so closely...when most of are IQD investors [?]
...We watch the Zimbabwe's currency because, like Iraq...Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar. (Iraq's currency was over 3 IQD to $1.00 before 2023).
Like Iraq the country ran into hardship and was devalued and spiraled downward.
We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency...
Zimbabwe has lots of gold and Iraq has lots of oil...Zimbabwe plans for its gold-backed currency to trade on the Forex market. However they did not tell us when this event will happen...
Indomie And Dollar Smuggling: Has Fast Food Become A Cover For Currency Smuggling From Iraq?, 13 NOV
Indomie And Dollar Smuggling: Has Fast Food Become A Cover For Currency Smuggling From Iraq?
Posted on 2024-11-11 by sotaliraq Economic expert, Nabil Al-Marsoumi, raised questions about the significant increase in Iraq’s imports of Indomie, and its possible connection to the smuggling of dollars abroad.
According to data from the General Authority of Customs, Iraq imported about 64,185 tons of Indomie during 2023 from all border crossings, except for the Kurdistan Region, at a cost of $17.7 million, or the equivalent of 23.6 billion dinars, recording an increase of 18% over 2022.
Al-Marsoumi points out, in a blog post, that the value of Indomie imports may exceed $50 million annually, given that two-thirds of imports pass through Kurdistan ports and unofficial ports, without being registered with the General Authority of Customs.
It is believed that the import bills for Indomie carry huge amounts that may be much higher than the announced figures.
This discrepancy surprised the US Federal Reserve, which in turn wondered whether these imports reflect a real demand from Iraqis for Indomie, or whether they are an indirect means of smuggling dollars abroad. LINK
TIDBIT FROM MILITIAMAN, 12 NOV
Militia Man
Article quote: Alaq says... "When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar."
That's when he'll make his move. If he's not ready now, when will he be?
I don't know. That's his call. It's on him to know the marketplace.
When is the safest time to do it?
He's saying over the passage of time it gets shorter and shorter because the people are using the system properly. Once he changes the exchange rate I think that market, the two prices, go away like that, *snap*.
Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq, 12 NOV
Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq
Posted on2024-11-11 by sotaliraq
The Prime Minister's Advisor, Mazhar Muhammad Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while pointing to the continuation of consultations with the US Treasury regarding combating money laundering.
Saleh said in a statement to the official media: “The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime,” indicating that “the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq’s debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime’s debts.”
“The US Treasury succeeded in supporting infrastructure financing in Iraq through the conference held in the Spanish capital, Madrid, on October 23-24, 2003.
Its primary goal was to mobilize financial support for the reconstruction of Iraq after the US-led invasion in 2003. Seventy countries and international organizations participated in the conference,”
he added, explaining that “the conference was able to collect pledges amounting to about $33 billion, but a large part of these amounts was in the form of loans or technical support, and not all of it was direct financial aid.”
He explained that “the US Treasury contributed to establishing the Iraqi payments system in 2006 through a direct technical agreement with the Central Bank of Iraq to establish a wholesale payments system between the Central Bank on the one hand and the banks and the government in transferring funds and settling them electronically on the other hand, in addition to entering the era of settling bank checks electronically as well, which are matters in financial technology that are being introduced for the first time in our country,”
noting that “from the history of the important assistance provided by the Treasury, it has played an important role in replacing the local, fast-forgery edition of the dinar that was issued during the nineties siege in the largest campaign that Iraq witnessed between late 2003 and early 2004 with the international edition of the dinar, according to the highest international technical specifications.”
He stressed that “since the signing of the Strategic Framework Agreement in 2008 until today, there have been continuous consultations between representatives of the financial and monetary authorities in our country and the treasury to cooperate in combating money laundering and the proceeds of crime and terrorism in a manner that achieves governance and compliance for our financial and banking system as well as its optimal integration into the global financial and economic climate.” LINK
"THE RV HAS STARTED" BY WOLVERINE, 12 NOV
WOLVERINE
Sun. 10 Nov. 2024 Wolverine
Sun. 10 Nov. 2024 Wolverine
“The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start.
Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago.
Remember Tues. 12 Nov. is when we expect things to roll.” …Hi guys. I’m praying that this is our week as according to all my sources this is our week.
This has been so stressful for me as I can imagined for all of you as well. Tomorrow there is going to be meetings for quite a lot of private contracts as they expect to receive the GO sign by tomorrow
Mon. 11 Nov.
The Precatorias are also ready to go this week just as many other platforms. I’ve been told that not to expect things to happen straight away for everyone as it is a process as it might take up to 10 days for the process to finish. As for the 4B group we should also receive the GO sign as well.
Notifications should hit your email by tomorrow Mon. 11 Nov. Please keep an eye on your emails. Please God let it happen. Just remember first of all I’m only a messenger as I have no control of this as the same goes to the owners of the platforms as they have no control of it .
It’s a military operation. I like to inform you that if anyone is creating fraud and taking advantage of people that the Alliance is watching all of this and there will be consequences.
I like to say that I will never surrender as I cannot abandoned you as too many of our patriots are suffering. I’m sure by the grace of God that this is our week. Also pray for our patriots in Spain as there are hundreds of people missing in Valencia due to the flooding as so many people have lost their homes and love ones. God bless Wolverine”
Central Bank of Iraq announces progress in dollar control procedures, 12 NOV
Central Bank of Iraq announces progress in dollar control procedures
The Central Bank of Iraq announced progress in monitoring foreign transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering, following the ongoing discussions of the Central Bank of Iraq with the Federal Reserve and the US Treasury Department.
The bank's governor, Ali Al-Alaq, said in statements to Al-Hurra website that "the ongoing quarterly meetings with the Federal Reserve and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to an agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing foreign transfer operations by rebuilding them according to new standards and methods."
Al-Alaq revealed that Iraq has achieved 95% progress in terms of monitoring procedures for foreign transfers and cash dollar sales, and providing protection for the banking and financial sector from the risks of money laundering operations.
In July 2023, the US Treasury imposed sanctions on 14 banks, and months before that, similar sanctions were imposed on 4 other Iraqi banks after they were accused of money laundering.
The Iraqi government, through the Central Bank of Iraq, has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on these banks, all of which are private banks.
Jamal Kocher, a member of the Iraqi Parliamentary Finance Committee, confirms that the majority of the sanctioned banks are private banks that represent fronts for political parties with which the United States has stopped dealing.
Koger explained to Alhurra that “the US Treasury imposed sanctions on these Iraqi banks for their involvement in practices that fall under money laundering, money smuggling, and suspicious transactions. In return, the owners of these banks are pressuring the government to lift the sanctions on them, but I do not think that the United States will yield to these pressures. On the contrary, it is adamant about its position, and I do not think that without changing the behavior of these banks, America will abandon these sanctions and their imposition.”
Koger points out that the American pressures on the Central Bank of Iraq will not be eased unless there are changes in the behavior of these banks, calling on these banks to fully implement the conditions required by the US Federal Reserve in terms of transparency, clarity, and commitment to US sanctions on some countries. He said, “Any bank that deviates from these obligations will be subject to US sanctions, and measures will be taken against it.”
The number of banks in Iraq is about 79 banks, 8 of which are government banks, and one digital bank, while the banking sector suffers from a weakness in providing modern and advanced banking services.
For about two years, the Iraqi government has been seeking to digitize financial services, correct and rectify financial policy, enhance financial inclusion, keep pace with technological development, and restructure the banking sector in the country, which has not yet shaken off the dust of the political, economic, and security crises that have plagued it for decades. link
EXCERPTS FROM MARKZ, 12 NOV
EXCERPTS FROM MARKZ
Member: What are we waiting on ?
MZ: I think we are just waiting for an announcement …I think they are on a fast track to completion…..Maybe that why we get silence and a brick wall from contacts.
Member: Is there any chance we go this week or do we have to wait until Dec 10th
Member: It’s possible the PTB are waiting until Jan 1 or after the inauguration Jan 20th.
MZ: I hate to think we will be waiting that long. I am not hearing that most of my contacts.
Parliamentary Finance: 2025 Budget Aims to Achieve More Economic Stability, 12 NOV
Parliamentary Finance: 2025 Budget Aims to Achieve More Economic Stability
The Finance Committee revealed that the government has begun preparing the budget schedules for next year 2025, while indicating that the desired goals are to achieve development and increase non-oil revenues, in addition to achieving more economic stability for the country.
The head of the committee, Atwan Al-Atwani, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the government has begun preparing the infrastructure for the 2025 budget and has determined the requirements for reviewing this budget, as we look forward to these tables arriving next year or perhaps some of the items that the government needs to complete the requirements for their implementation, indicating that the goals set and desired from this budget are to achieve development, increase non-oil revenues, and search for means for clear economic stability.”
Al-Atwani added, "The operating budget has begun to extend over the investment budget, and this burdens the budget and makes it limited in its set objectives. Therefore, from now on, we must search for additional resources and achieve non-oil revenues that can provide stability to the economy," indicating that this matter led to "our move towards rationalizing consumption because it is an important matter."
Regarding the digital transformation process, the Chairman of the Finance Committee believes that this matter is “an essential structure for achieving a significant and noticeable increase in non-oil revenues, and all of this will be included and solutions sought for it in the 2025 budget.”
The head of the Finance Committee also explained that "the budget deficit may be the same as in 2024 because the government has been paying off its foreign loans, and in return, investment projects have been achieved and entered service, and there are other projects being implemented that have had a noticeable impact on the budget and its current expenditures."
The head of the committee continued, saying: “The government has started financing projects in the governorates with a second batch that reached 400 billion dinars for all governorates, and the same is true for financing some ministries to achieve their goals,” noting that “the financing batch during the coming months will be large and in line with what the ministries and governorates need, given that there are projects that these ministries and governorates have started and the governorates and ministries will be required to pay their financial requirements, especially towards private sector companies.” link
MILITIAMAN CC HIGHLIGHTS NOTES, 12 NOV
MILITIAMAN CC HIGHLIGHTS NOTES
Summary
Iraq is advancing in digital transformation and financial inclusion by involving the private sector in electronic payments, which could benefit investors.
Highlights
- 🌐 Iraq is embracing digital transformation in finance.
- 💳 Private sector participation in electronic payments is welcomed.
- 📈 Capital in private banks increased by 7.3%, indicating growth.
- 🔄 New banking reforms aim to modernize Iraq’s financial system.
- 💼 Focus on non-oil sectors for economic diversification.
- 📊 ISX index shows significant gains, reflecting investor confidence.
- 🤝 Increased collaboration with international partners, like Japan, for development.
Key Insights
- 🌍 Digital Transformation: Iraq’s shift towards a digital economy aligns with global trends, promoting efficiency and transparency in financial transactions. This could lead to a more competitive economic landscape.
- 💡 Financial Inclusion: Expanding electronic payments to the private sector supports broader access to financial services, potentially uplifting underserved communities and enhancing overall economic health.
- 📈 Banking Sector Growth: The 7.3% increase in private bank capital signals successful efforts to integrate cash into the banking system, fostering a more stable financial environment.
- 🏦 Reforms in Banking: The push for new banking technologies and practices indicates a commitment to modernizing Iraq’s financial infrastructure, which is vital for attracting investment.
- 🌱 Diversifying the Economy: Emphasizing non-oil sectors aims to mitigate reliance on oil revenues, fostering sustainable growth and resilience against market fluctuations.
- 📊 Investor Confidence: The ISX index’s remarkable rise reflects a growing trust in Iraq’s economic stability and reform efforts, enticing both local and international investors.
- 🤝 International Collaboration: Engaging with countries like Japan for investment in reconstruction and digital transformation showcases Iraq’s strategic approach to development and modernization.
Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars, 12 NOV
Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
In an interview with Asharq Al-Awsat, Makkia revealed that the authority has completed all the necessary requirements for 103 investment opportunities, in addition to major future projects, and “it is possible that within the next two years there will be funds flowing in the amount of about 250 billion dollars” to Iraq.
This package comes amid the National Investment Commission’s activity to revive dozens of projects that have resumed work, in addition to reactivating others, and addressing the obstacles facing investors with various sectoral bodies. According to the head of the commission, “the number of stalled projects in all of Iraq has reached 249 projects.”
The National Investment Commission was established in 2006. Since then until the end of 2022, the volume of investments flowing into Iraq did not exceed $35 billion. However, after implementing administrative and technical reforms and setting controls to facilitate the investment process, the volume of investment licenses granted increased to $69 billion by last June, according to Makiya.
Commenting on the statement of the Iraqi Prime Minister, Mohammed Shia al-Sudani, in late October, that “the volume of investment for the year 2024 reached $100 billion,” Makiya explained that “that number is correct if we add the $69 billion flowing from the same year with other strategic projects such as the Baghdad Metro project and the (Najaf-Karbala Metro) project, the number reaches $100 billion.” link
Coffee with MarkZ. 11/12/2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
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: Good Tuesday Morning….feels like hope and a bright future are in store for us all.
Member: Every once in a while throughout the day I get this warm fuzzy feeling. We must be close..
Member: I am very excited to hear what Mark has for us today
Member: Mark—can you believe we are still here waiting for this thing?
MZ: I am stunned we are still waiting.
Member: We all might be in disbelief when it does happen since it’s taken so long!!!!
Member: When I see Mark wearing that golden egg shirt –all my anxiety will be gone.
Member: I was told by an accountant that we are supposed to pay taxes on gains from foreign currency but its a self report they will not send anything to IRS its up to us.. LOL who gonna do that lol
MZ: oops…..lol
Member: Have you heard anything about the bonds?
MZ: I’m still a little bit giddy about the bond contact I mentioned last night who said within 9 days I will stop asking them all those stupid questions…lol….But have not heard from any of my other bond contacts. I have even reached out to Fines and penalties folks in the hope of finding something. And posted a couple of questions to groups both Indian Nations and Wounded Warriers…..but still pretty dry this morning so far.
MZ: What did Petra Ask?
MZ: Petra was asking about the 9 days or so for bonds which would put us about the 20th. This date has been given by a number of people as a movement date. It is interesting that this person who only holds historic bonds would say that. It matches with the currency side and the expectations for that as well….
Member: As a kid it was the never ending story,,, As an adult it’s the never ending bond days where payday never comes,,, I don’t like either movie,,,
MZ: We do have some interesting news out of Iraq.”Parliamentary Finance: The Government has started preparing the 2025 budget” they are moving forward….and this includes new projects. This could mean they are moving forward with some rate changes.
Member: Wish the US would stick to a budget
MZ: “Vice President: The administrative capital is a project under study and 2025 is the date of the decision” What does this mean? They are looking to move the government or the “Capital” outside of Baghdad to alleviate traffic problems ect. The streets were not built for that……It has now become a bustling city with a plethora of automobiles as they step into the modern world. They are looking to build a new “Capital city” A little like their own DC on the fringe of Baghdad. To me this shows they are committed to long term stability.
MZ: This is going to take a lot of money. Where is it coming from to build a whole new administrative city for their government and Parliament??? I think this one is good news.
MZ: “Will Trump accelerate the withdrawal of US troops from Iraq? ” There was a lot of concern in the region with Trump coming in that the US would not leave. But Trump said they could speed things up. He said they spent billions on the Iraqi embassy and when we get paid back for that- yes…..we are leaving….in other words….Trump clearly said once we have our dollars –we would go. I think that is fantastic for us.
Member: Sounds like Iraq needs an RV to me…then our troops can leave.
Member: What are we waiting on ?
MZ: I think we are just waiting for an announcement …I think they are on a fast track to completion…..Maybe that why we get silence and a brick wall from contacts.
Member: Is there any chance we go this week or do we have to wait until Dec 10th
Member: It’s possible the PTB are waiting until Jan 1 or after the inauguration Jan 20th.
MZ: I hate to think we will be waiting that long. I am not hearing that most of my contacts.
Member: Its also possible Iraq will pull the trigger by Dec 10th and their Victory Day….keep on hoping
Member: Always heard they want it before Black Friday and Christmas to shop to stimulate economy…fingers crossed.
Member: Can’t imagine having to go through Christmas without an RV!!!
Member: I just wish it was today!!!!
Member: I am not speculating a time for the RV, no sense getting excited until it happens.
Member: Thank you Mark and mods for all your time and effort for the community!!!!!
Member: I hope you all have a blessed day.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY