Friday, June 28, 2024
Al-Fateh: Washington is trying to justify its military presence in Iraq, 28 JUNE
Al-Fateh: Washington is trying to justify its military presence in Iraq
Today, Thursday, the agent of the Al-Fatah Union, Muhammad Karim, affirmed the American organization’s endeavor to legitimize its field military presence in Iraq.
“There are no signs of an actual American withdrawal from Iraq amid the continuing demands for the necessity of ending the military presence in the country,” Karim stated in an interview with
“The United States of America is determined to keep its forces under the pretext of defending its interests in the Middle East region,” he said in addition .
“The last thing the American administration is thinking about now is withdrawing from Iraq and Syria,” Karim remarked.
Famous, political and ancestral requests are expanding for the need of eliminating unfamiliar powers, drove by the American powers, from Iraq quickly, advance notice simultaneously of a hazardous heightening on the off chance that their wrongdoings against the security administrations and their encroachment on the country’s sway proceed.
"BANKS HAVE UNDERGONE SEVERAL STRESS TESTS THIS YEAR" BY GOLDILOCKS, 28 JUNE
GOLDILOCKS
Banks have undergone several stress tests this year. They have, also, gone through a simulation of what is called a mirroring event of national news that would cause stress on the banking system.
Research has shown that the large banks are capable of undergoing extreme funding stress scenarios. For this reason, it is believed that a lessening of capital requirements will be needed to move forward.
This will enable more banks to be protected under new amended OCC and FDIC rules as we approach our transition from this economy to the next. Small to mid size banks are still at risk, and people need to be aware of these risks and able to mobilize their money if needed.
Commercial real estate appears to be the largest concern, and plans are already in place to reset this portion of our economy. Basel 3 has long been delayed, but this new report is very encouraging to transition into these new banking regulations.
As we have said several times in this room, Europe has a date of January 1st, 2025 to begin the implementation of their Basel 3 regulations. This is a target point for the rest of the world to reach, and many have come a long way.
Currently, less predictable testing for Capital Requirements are being suggested. We have, also, talked about this being a period of time when Credit Valuation Adjustments would take place on every level of the market, banking system, and Forex. It looks like we are doing that right now. These will continue to provide the needed information for International Valuation Standards Committee (IVSC) to begin there task of currency valuations at the end of January 2025.
© Goldilocks
https://www.nytimes.com/2024/06/26/business/bank-stress-tests.html
PM Al-Sudani calls for enhanced cooperation with NATO post Global Coalition withdrawal, 28 JUNE
PM Al-Sudani calls for enhanced cooperation with NATO post Global Coalition withdrawal
Shafaq News/ Prime Minister Mohammed Shi Al-Sudani received, on Thursday, the Commander of the NATO Mission in Iraq, Lieutenant General Lucas Schreurs, who recently assumed command of NATO Mission in Iraq.
According to the Prime Minister’s media office, the meeting discussed the security situation in the region and the NATO Mission's efforts and its cooperation with Iraqi security institutions in the fields of advisory, training, and intelligence coordination in tracking down remnants of ISIS terrorist gangs.
Prime Minister Al-Sudani emphasized the importance of developing bilateral cooperation with the NATO Mission in training and information coordination with the Iraqi armed forces, following ending the Global Coalition's mission in Iraq. "This cooperation is vital for enhancing security and contributing to the stability of the region."
Lieutenant General Schreurs, expressed his gratitude to the Iraqi government for its support for the NATO Mission and for providing the necessary facilities for its operations in Iraq, as per the statement.
Iraqi armed factions have issued a 40-day ultimatum to Prime Minister Al-Sudani, demanding a definitive plan for the withdrawal of US forces from the country, a political source revealed on Wednesday.
The ultimatum, conveyed by various armed groups, highlights mounting pressure on the Iraqi government to expedite the departure of American troops, whose presence has been a contentious issue since the US-led invasion in 2003.
"The factions have set a deadline until mid-July for the government to settle the issue of the US military presence," the source told Shafaq News Agency on condition of anonymity, adding that failure to comply would result in renewed military operations against American interests in Iraq and the region.
In early February, attacks by armed groups on US forces in Iraq and Syria had ceased temporarily following the killing of three American soldiers in Jordan by a drone strike, which prompted retaliatory airstrikes by the United States on Iraqi and Syrian targets.
Against the backdrop of these developments, a senior political source clarified to our agency that "several armed factions have instructed Al-Sudani and his government to provide a publicly announced and binding timetable for resolving this issue. Otherwise, military operations against US targets and interests will resume."
Earlier this year, Iraqi Kata'ib Hezbollah announced a halt to its operations against US forces "to avoid embarrassing the Iraqi government," instructing its fighters to adopt a temporary defensive posture.
Armed Iraqi factions have periodically conducted attacks on US military bases in Iraq and Syria since late October 2023, spurred by the war in Gaza.
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 28 JUNE
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:
How can Sudani say again today the dinar is worth more than the dollar, yet it's still 1320? My bank guys says, simple. All these contracts and agreements with other countries is with dinar at a new rate which they are operating it without nobody else's knowledge...it has to be that, no other explanation.FIREFLY:
Saleh on television saying the third strategy phase that we're in right now with the CBI...is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally. FRANK: It's the new exchange rate and the lower notes...I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly...FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days.
FIREFLY:Measures by the CBI they say will reduce the dollar rate...They say it will help reduce the dollar rate in coming days.
FRANK: This is the international finance community. They all know what's going on. When they say your economic reform has increased...what they're talking to you about without saying it, because they cannot, is the float.
FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate. Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320. Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320.
FRANK: They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.
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FIREFLY: Gold reserves over 145 tons TV says.
FRANK: No...It's not 145 tons. It's a lot more. They're never going to tell you the right amount...It's a heck of a lot more than that. Notice every time they talk to you about their gold it just gets bigger and bigger. That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform...
FIREFLY: My bank friend...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists. He didn't say the plan is to LOP our currency. They are two totally different things. We are deleting zeros and adding value.
FRANK: I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about...
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FIREFLY: They told us...due to typo errors in the printing of the budget it will be reaudited and sent back to gazette...after EID holiday...All sound little fishy to us...An Iranian proxy saying budget is under appeal but we see nothing official of that...We trust it is going to be in gazette after EID holiday...
FRANK: They know what you are about to receive - your purchasing power. They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...
https://dinarevaluation.blogspot.com/2024/06/iraq-boots-on-ground-report-by-firefly_0922640454.htm
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