Al-Barti: The political document included passing the oil and gas law, and the movement is going in this direction
Al-Barti - The political document included passing the oil and gas law and the movement is going in this directionInformation / Baghdad..
The representative of the Kurdistan Democratic Party, Sherif Suleiman, confirmed today, Friday, that the political movement is underway towards passing the oil and gas law during the next short period, pointing out that the political document gave priority in the laws to the oil and gas law in order to ensure the fair distribution of wealth among the governorates.
Suleiman told Al-Maalouma, “The oil and gas law is one of the most important laws in state administration, and it has been obstructed and postponed for many years as a result of the lack of agreement and consensus on it between the various political forces and parties.”
He added, “The oil and gas law will see the light in the coming period, which may be during the next legislative term of Parliament, especially since the political document has emphasized the importance of this law and placed its passage among the priorities.”
He stated that “there is a government intention to pass the aforementioned law within Parliament, but it will not pass easily and will require a lot of time and discussions within the corridors of Parliament before voting on it proceeds.”
FIREFLY: Television is talking to us all day about the government taking measures to address the exchange rate and the parallel market but they can’t change the rate. They say only the CBI.What’s going on? Why don’t the CBI help?
FRANK: Calm down, calm down…As far as parliament saying whatever they are saying…who cares. Their voice is an echo in the abyss of darkness.
Question: “Has anything changed in regards to Iraq satellite banks exchanging dinars for US citizens?”
No. They will follow American banking laws. They won’t do anything different than any American bank is doing in American territory.
You want to know the exchange rate of the BRICS because maybe, maybe the Iraqi dinar will be 1 to 1 with a basket of BRICS. Maybe…one clue. It’s an RI not and RV.
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 evening Patriot visionaries and Dinar faithful
Member: Welcome to another weekend
Member: Fingers crossed Mark has good news tonight.
Member: I watched Patriot Rod Steel and he said it's definitely supposed to happen ASAP. maybe this weekend. But before Dec 1st.
MZ: We certainly expect it to go by Dec 1st.
MZ: The latest chatter I am getting from Iraqi sources is the last 3 paragraphs of the HCL have been 100% completed. And the World Trade Organization Iraq ascension is expected within days. They are feeling very confident with their Dec 1st goal.
MZ: A number of my sources are still saying before Thanksgiving. It looks really good.
MZ: With disclosure and banking issues hitting today ….Next week could be rough without a reset.
Member: Bruce's big call sounds like it starting this weekend
MZ: “BRICS: ING bank predicts future of the US dollar” They think 2024 are a year where currencies and the rest of the world can breathe again after being dominated by the strong dollar trend for so long. What the world said BRICS could not do in 10 years-they have done in less than a year….Amazing.
MZ: “BRICS : Russian currency out performs the Us dollar despite sanctions” The US ramped up sanctions against Russia again last month and guess what? The ruble has gained 12% on top of the US dollar. Bam…..It’s all about the asset backing!!!
Member: BRICS is the tool over riding the great reset.
MZ: “Euro Banks face cyber meltdown” The Euro zone banks are losing money and its spiking.
MZ: “Wells Fargo axes another 13 branches in a single week as a host of banks shut down vital services. Is yours on the chopping block?”
MZ: From Rueters: “Citigroup employees expect management reshuffle –layoffs on Monday-sources” They are losing money. The bill is coming due.
Member: Bank of Japan collapse?
MZ: Yes and it is expected to hit the fan by Monday morning.
Member: Mark, I remember 5 years ago you said: "They can do this this the easy way, or they can do this the hard way." They obviously choose the latter but boy does this feel close for a pleasant change!
Member: Militia Man going to drop a video tonight…
Member: Stay positive….Remember Thoughts become things ……
GOOD NIGHT MARK, MODS, AND FAMILY!! SEE YOU TOMORROW MORNING AT 9:45 AM EST FOR ANOTHER GREAT PODCAST!!
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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Yasser Al-Metwally The size of the global gross domestic product exceeds the $100 trillion mark, according to estimates by global financial institutions. In contrast, the size of public debt exceeds or is equivalent to three times the size of the global economy, and here lies the danger. Among the risks of public debt is the global financial crises that countries of the world go through at different time periods, and their effects are greatly reflected in the countries’ economies, even in varying proportions, according to the strength of each country’s economy, which is measured by the size of each country’s domestic product and the extent of each country’s ability to bear the burdens. These crises, and I mean financial crises, therefore their risks cannot be underestimated. According to the above, the basic rule for financing in financial crises is to adopt the interest rate imposed and controlled by central banks in accordance with their plans to address impermissible inflation with the aim of avoiding the collapse of the value of their currencies and achieving market balance. At the peak of the economic contraction phase within the economic cycle that the world's economies periodically go through, central banks reduce interest rates with the aim of providing financial leverage capable of reviving their countries' economies, thus providing financial abundance to meet market needs. This method followed by central banks is called (monetary easing). Here, banks are encouraged, as a result of lowering interest rates, to raise the ceiling on their credit to the public and expand their acceptance of deposits at low interest rates. This encourages borrowers to raise consumption, so demand increases and supply for goods and services decreases, prompting an increase in prices, which is one of the most important indicators of impermissible inflation. Central banks are forced to address this phenomenon, I mean inflation, by raising the interest rate, which is called a policy (Monetary tightening) This measure, in turn, prompts depositors to withdraw their deposits from banks to benefit from the interest difference. This causes the banks to lose, and they are forced to sell their bonds and sometimes their assets to meet the binding demands of depositors. This is the main reason for the collapse of many banks in the world, but some countries protect them from collapse through emergency lending support, and this is what happened with a number of American banks recently. From here we discover the extent of the damage and the painful effects of debts and their risks on banks. This is because deposits in banks are like debts to the account of depositors who make a single donation to withdraw their deposits due to raising the interest rate, as well as in financial crises and when the exchange rate fluctuates in fragile economies.
Economists attribute the reason for the collapse of banks to the fact that they engage in debt trading and not capital development, and this phenomenon is mostly diagnosed in commercial banks. It is clear from the above that Islamic banks develop capital through the process of sharing profits and losses, so the effects of crises on them are lighter and less, and their resistance to staying in the market is higher. This analysis applies in many developed countries. Perhaps one of the reasons for the collapse of banks is the failure to enact sufficient legislation to protect the banking system, and banks do not have the ability to manage risks and service debt. In Iraq, the situation is different, as there is a need to reconsider the Banking Law No. 94 of 2004, given that nearly two decades have passed since a bitter experience that needs a legal amendment that is in the interest of protecting the banking sector, especially the rights of the minority and the rights of depositors. Although there are preventive measures in the banking law, such as guardianship and bank lending, the applications and rescue packages are still really weak. Therefore, our call to reconsider the banking law has become urgent. https://alsabaah.iq/87154-.html
Economic 11/15/2023 Muhammad Sharif Abu Maysam The basis for the existence of a speculative market at the exchange rate is the increased demand for the dollar to finance foreign trade due to the insufficient local production of goods to cover the minimum local need,
so that importing is the only way to meet the increasing demand due to the high rate of per capita income in light of an unprecedented consumption pattern.
In addition to what has resulted and is being produced by the stifling blockade imposed by the United States on neighboring Syria and Iran, of an increasing demand for the dollar in the Iraqi market by the merchants of these two countries.
in addition to what is resulting from the phase of adaptation to the introduction of technologies and automation of processes in financial and banking work, and the resulting confusions.
Pressured by the requirements of the US Federal Reserve and the US Treasury Department, which turned into practical obligations regarding the use of electronic platforms and systems in exchanges and trades, and
thus the requirement to leave traditional work methods, with the aim of establishing an investment environment that suits the movement of globalization capital, and in which the banking system is at the level of the global banking industry.
Accordingly, addressing the structural imbalances in the local market is a priority for any objective treatment with the aim of creating a balance between the local demand for goods and the ability of the productive sectors to respond,
which contributes to putting an end to imports and reliance on local production in order to preserve monetary stability and stop the bleeding of hard currency under the pretext of financing foreign trade.
On the one hand, on the other hand, confronting the illegal demand for hard currency in local markets and limiting its smuggling by merchants in some neighboring countries, in addition to the need for those who refuse to deal with electronic payment methods from local merchants, “as in cases of tax evasion and other things,” will gradually recede with the entry into force. Technologies and means of electronic payment in all cases of electronic exchanges and trades in the financial system,
starting with the applications and practices of the tax system and customs tariffs, passing through exchange methods, all the way to the existence of a parallel market for exchange rates capable of financing its exchanges without relying on a single source.
While the state of harmony and cooperation between local governments and the central government will contribute to putting an end to cases of currency smuggling whenever these authorities are able to address the weaknesses and imbalances resulting from the accumulations of previous years, which witnessed an extension of the open import policies and market chaos.https://alsabaah.iq/87321-.html
Fri. 17 Nov. TNT: Everything is Super Fantastic. In Iraq, they expected the new rate would go on Forex today Fri. 17 Nov, and it still could after the markets close, by tomorrow morning Sat. 18 Nov. The banks have been told they’re not working this weekend, but have been told the exchanges will begin before Thanksgiving nextThurs. 23 Nov. The 3-letter agencies are on 12-hour shifts at the highest alert possible, ready for it to go any minute. They’re saying it’s happening right now, moving through the system, and that they’re just waiting for it to get to them to push the go button. …A good source says, “All is ready, just waiting on the go signal. All systems are ready. No hold ups in sight. Agency folks are on high alert.”
Thurs. 16 Nov. Bruce: Bank Compliance with the ISO20022 was activated on Wed. 15 Nov. and will be implemented at ten min to midnight onSat. night 18 Nov. By Sun. 19 Nov. midnight it will be fully implemented. All new currency rates will be on the Forex on Sun. 19 Nov. The new Iraqi Dinar rate will be published in their Gazette on Fri. 17 Nov. or Sat. 18 Nov. Tier4b could get notified tomorrow Fri. 17 Nov. and will certainly be notified by Mon. 20 Nov. at the very latest. Exchanges will go through the end of the month and forward to Fri. 1 Dec. There are a number of Admiral Groups and they have a treaty with Iraq on the Iraqi Dinar. They will be the first to have exchanges in the US. Today a high up source in Wells Fargo said that the Admirals Group will start overnight tonight or tomorrow Fri. 17 Nov. A communication that originated from Brazil said that South America will be sending out notification to their Tier 4b today Thurs. 16 Nov.
Thurs. 16 Nov. Wolverine: The largest wealth transfer in history is about to begin! Military operation to shut down the Central Bank system! With currency resets set to begin by major banks on Sun. 19 Nov, payments for Tier4b will also be able to begin all at once. A start has been confirmed for Brazil and the US, while Colombia has already started.