Coming In Hot – So let me ask you. If the oil is crashing what else is in conjunction with it?
And if that is collapsing what else in tandem is falling alongside that answer from the 1st question?
And if you answer both of those questions what does that say about the stock market around the world in general? Is this going to be our Christmas to remember for the wrong & right reasons?
Remember the Basel 3 session on Capitol Hill? I wonder if those Capital Requirements are biting some banks in the a$$? Can you say Mortgage-Backed Securities? Can you say derivatives? Can you say fiat USD?
Now do you understand why we had to wait until this happened in order for the IQD reinstatement to occur as a result of the value reducing in the USD in order for countries to trade with America in the new economy?
Iraqi PM praises economic ties with Turkey as strategic
Shafaq News/ Prime Minister Mohammed Shia al-Sudani on Wednesday praised Iraq's decision to develop its economic ties with Turkey a "sovereign and strategic decision".
The remarks came during a meeting with a delegation from the Turkish company Triaki Agro, in the presence of the director-general of the Iraq Development Fund, Mohammed al-Najjar, and the Turkish ambassador to Iraq, Ali Riza Guney.
According to a statement from the prime minister's office, al-Sudani congratulated the company on signing a contract with the International Finance Corporation (IFC) to establish the first-of-its-kind agricultural processing complex in Iraq at Umm Qasr port.
The Turkish delegation, according to the statement, expressed interest in taking in other projects in the agricultural sector, modern irrigation technologies, and clean energy.
Al-Sudani reiterated the government's support for these investment initiatives, highlighting their importance in boosting food security, creating local jobs, and investing in water resources and modern technology. He also pledged to remove all obstacles to investors and invited other Turkish companies to enter the Iraqi investment market.
Al-Sudani told the Turkish delegation that "developing economic ties between Iraq and Turkey in a mutually beneficial manner is a sovereign and strategic decision that will enhance regional security and stability."
Shafaq News / The Chinese Customs Administration reported on Wednesday a surge in Iraq's oil exports to 32 independent Chinese refineries during November 2023.
As per statistics revealed by the Administration, Iraq's oil exports to Chinese refineries saw a 17.06% increase in November, reaching 8.35 thousand metric tons or approximately 6.95 million barrels, compared to October 2023, which stood at 710 thousand tons (5.183 million barrels), marking a 60.3% decrease from the same month in 2022 when oil exports to China reached 2.104 million tons (15.359 million barrels).
The report highlighted Iraq's rank as the fifth among the top ten oil-exporting countries to Chinese refineries. It indicated, "Iraq follows Malaysia, exporting 6.6 million tons, mainly sourced from Iranian barrels, Russia in second place with 3.011 million tons, Saudi Arabia in third with exports of 2.235 million tons, and subsequently the UAE in fourth place with 1.635 million tons." V
Furthermore, it noted the US in sixth place with exports of 555 thousand tons, followed by Brazil in seventh with 404 thousand tons, Oman in eighth with exports totaling 266 thousand tons, while Angola ranked ninth with exports of 136 thousand tons.
Moreover, independent refinery imports declined by 12.2% on a monthly basis to 15.1 million metric tons, or 3.69 million barrels per day, marking the lowest level since 14.6 million tons, according to the Chinese Customs Administration.
“I received a call that Zurich went liquid on Sun. 10 Dec. A lot of things are happening, especially with the Admiral. It started Fri. night 8 Dec. and it’s rolling out. A huge platform that has more than 1 MIL members was to start on Mon. 11 Dec. and be paid by the end of this year. Everything is now in the payment phase through authorized banks. All escrow accounts of the people who will receive have been opened.
Only the account holder will be able to access the account and can do so through their cell phone or computer. Now the phase of sending the CALLS to all the people called planned or contributed will begin via email to make an appointment. Everything will be done in the utmost secrecy. If the person starts to talk, to tell, especially through social networks, whoever it is, their values will be blocked with no possibility of reversing the process. The World Bank codes have been received and entered into the system so we can say IT’S REALLY OVER!!! We are ready. Thank you God for leading us.”
I just had a meeting with two friends who work within the payment program. 1- Nothing is left in the hands of the managers. 2- Everything is now in the payment phase through authorized banks. 3- Since yesterday, very important changes and adaptations have been made to make everything more precise, faster and safer. 4- All the escrow accounts of all the people who will receive have already been opened.
These are accounts that no administrator has access to. Only the account holder will be able to access it. 5- An Escrow account is as if each person owned a private bank, since it works as a financial platform. (People usually don’t know what this is like yet and will need to learn. However, it is simple and easy and you can do it using your cell phone or computer at home). 6- Now the phase of sending the CALLS to all the people called planned or contributed will begin. This will be done via email and SMS.
This is an appointment for the person to appear at a specific bank branch to speak with the manager. There he will sign contracts, receive a credit card and can download a certain amount to his usual account for immediate use in a conventional way. Finally, you will receive all the instructions on what you can or cannot do with your securities. 7- All this will happen from now on. 8- But everything will be done in the utmost secrecy, if the person starts to talk, to tell, especially through social networks, whoever it is, their values will be blocked with no possibility of reversing the process. For now, that’s basically it.
In reality, everything is published; the World Bank codes have been received and entered into the system. So we can say IT’S REALLY OVER!!! Now it’s just a matter of a little more patience and that’s it. Now you can open your champagne, change your life drastically, and prepare to help your neighbor. JUST REMEMBER THAT ALL THIS IS NOT BUSINESS, IT IS A 100% HUMANITARIAN PROJECT! Let’s go! May the CONSCIOUSNESS OF LIGHT BE WITH EVERYONE!!!
“I just received a call and Zurich has gone liquid. A lot of things are happening, especially with the Admiral. … It startedFri. night 8 Dec.and it’s rolling out. A huge platform that has more than 1 MIL members will start onMon. 11 Dec.and be paid by the end of this year. The big meeting in Dubai is finished now – everything is ready. Iraq is ready. They should be ready to celebrate. Then so should we. My Whale said it all looks good, everything is moving. ByMon. 11 Dec. they will be celebrating in Iraq and it is my opinion that so should we.”
Iraq agrees with the UAE to launch financial transfers and trade financing between both countries
Shafaq News / The Central Bank of Iraq (CBI) announced today, Wednesday, its agreement with the Abu Dhabi First Bank Group in the United Arab Emirates to initiate financial transfers, trade finance, and imports between the two countries using the Emirati dirham currency.
A statement issued by CBI indicated that the Governor, Ali Mohsen Al-Alaq, met with the President of Abu Dhabi First Bank Group, Hana Al-Rostamani, in Dubai. During the meeting, they agreed to commence financial transfers, trade finance, and imports between Iraq and the United Arab Emirates in Emirati dirhams through Abu Dhabi First Bank.
The statement highlighted that the dirham-denominated financial transfers began today, Wednesday, December 13, marking the initial phase of this agreement involving five Iraqi banks, with a gradual increase planned.
According to the statement, this step aims to empower Iraqi banks in establishing relationships with reputable international banks. It aims to reduce reliance on electronic financial transfer platforms and adhere to internationally accepted practices to enhance the balances of Iraqi banks for trade financing purposes.
The statement further noted that Abu Dhabi First Bank offered contributions to fund clean energy projects in Iraq.
It is noteworthy that Abu Dhabi First Bank is among the world's largest and strongest financial institutions, holding a credit rating of AA, with total assets amounting to approximately $300 billion.
