Wednesday, March 13, 2024
Iraqi Parliament reveals details оf hosting Finance Minister, sends message tо Kurdistan government, 13 MARCH
Iraqi Parliament reveals details оf hosting Finance Minister, sends message tо Kurdistan government
Shafaq News/ On Wednesday, the Finance Committee оf the Iraqi Parliament disclosed details оf hosting Finance Minister Taif Sami. Simultaneously, a message was directed toward the Kurdistan Regional Government (KRG) concerning the salaries оf its employees.
Youssef Al-Kalabi, a committee member, informed Shafaq News that among the topics discussed was the issue оf localizing salaries for employees іn the Kurdistan Region. Al-Kalabi pointed out that “the committee discussed the financing and localization оf salaries for employees іn the Kurdistan Region” and clarified that “the Federal Court’s decision was clear оn this matter.”
The Committee also urged the Regional government tо facilitate the localization оf employees’ salaries, ensuring equality with other Iraqi employees.
Al-Kalabi emphasized the clarity оf the Federal Court’s decision and the Ministry оf Finance’s letter, asserting that while February salaries іn the Kurdistan Region would be disbursed, March salaries hinged оn localization.
The Ministry оf Finance and Economy іn the Kurdistan Regional Government, however, revealed оn Tuesday that federal procedures deprived regional employees оf their February salaries. The ministry disclosed that only 59% оf total salaries were funded by the Federal Ministry оf Finance, leaving 41% оf employees without wages, and the funded amount did not reach the Ministry оf Finance іn the Kurdistan Region.
The Federal Supreme Court (the highest judicial authority іn Iraq) had decided оn Wednesday, February 21, 2024, tо oblige both the Iraqi and Kurdish Prime Minister, Mohammed Shia Al-Sudani, the head оf the federal cabinet, and Masrour Barzani, the head оf the Kurdistan Regional Government, tо domicile the salaries оf employees and public sector workers at federal banks.
The recent court decision has sparked debate among Kurdish politicians, criticized as unconstitutional and politically motivated, yet defended by observers who argue іt aligns with the law and constitution, potentially resolving the prolonged salary delays for the region’s employees.
In an interview with Monte Carlo International, the head оf the Kurdistan Democratic Party (KDP), leader Masoud Barzani expressed regret for the recent Court’s decisions, considering them biased against the Region. “Unfortunately, all the decisions оf the Federal Court are heavily biased against the Region…Its decisions are unjust and unfair, distinctly against the Region.”
shafaq.com
"IMPORTANT IRAQ NEWS: AL-SUDANI: WE ARE EXPERIENCING A GOLDEN OPPORTUNITY TO REGAIN THE PEOPLE’S CONFIDENCE, AND CONCERN ABOUT THE GOVERNMENT’S SUCCESS IS UNJUSTIFIED" BY MNT GOAT, 13 MARCH
AL-SUDANI: WE ARE EXPERIENCING A GOLDEN OPPORTUNITY TO REGAIN THE PEOPLE’S CONFIDENCE, AND CONCERN ABOUT THE GOVERNMENT’S SUCCESS IS UNJUSTIFIED
Prime Minister Muhammad Shiaa Al-Sudani said that the political system in Iraq is “going through a golden opportunity” to restore the people’s confidence in it.
(Yes, we are seeing the same too in the USA with Biden. The citizens of the USA have lost trust it the government under his lack of leadership. Remember how I told you Iraq is parallel to the USA. What happens in Iraq is somehow mirrored in the USA.)
Al-Sudani said in a press interview, “Today we are dealing with the most important thing that the political system has lost, which is the people’s trust, which is the secret of the success and strength of this government, and today we live with a golden opportunity to restore the people’s trust in this system.”
He added, “ We have received 1,542 stalled projects since 2005, and they represent a waste of public money. Activating them will burden the state many times their cost due to extinction and the price difference.”
Al-Sudani pointed out that “political disputes have obstructed and disrupted many achievements and projects,” noting that “solutions exist for all problems and may not solve all of them, but it is possible to say that most of them.”
He continued, “The current government was formed by a purely Iraqi decision without external interference.”
(This is coming to America too in the 2024 election, like it or not the people are fed up with the Washington corruption from the globalists)
He stressed that “providing services needs legislation, and the government will continue its work to implement its program,” noting that “services were placed as a priority because of the citizens’ need for them, and they are important for security, societal, and therefore political stability.”
Al-Sudani said, “There is unjustified concern about the government’s success and it is reflected in the political competition and the size of this or that political force.”
He stressed that “the government is ready to hold the next parliamentary elections,” stressing that “we do not allow the exploitation of state resources in the elections, and the government will not tolerate the shifting of positions in the elections.”
Al-Sudani believed that “the financial challenge may limit the expansion of projects.”
Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars, 13 MARCH
Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars
The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars.Al-Haims said in a televised interview followed by Mawazine News, “Dialogues with the American side in order to lift restrictions on Iraqi expenses began a month ago on a regular and intensive basis.”
He added, "The dialogues with the American side regarding lifting restrictions on Iraqi banks will reach their peak when Prime Minister Muhammad Shiaa Al-Sudani visits Washington to revive confidence in the Iraqi banking sector." link
BRUCE'S BIG CALL, 13 MARCH
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24 REPLAY LINK Intel Begins 1:01:30
Welcome, everybody to the big call tonight - It's Tuesday, March 12th and you’re listening to the big call - Thanks for tuning in wherever you are listening from, you could be all over this beautiful globe of ours. And like I said last time, I think we've been averaging between 14 and 16 million listeners on the big call globally. That's our international group. That doesn't include our United States crowd. That's getting it differently than we're sending it out, globally. But thanks for listening, everybody. Let's do this.
Let's do this you guys. Let's get into sort of the Intel portion of the call tonight.
We had information over the last several days and specifically yesterday – let’s start with the Admiral – Admiral Bob of the Admiral’s group that was told by the Treasury he had the green line at noon yesterday to get the notifications to the admirals groups members last night into today.
And then we had word that we from the same source in tier 4B - the Internet group would get notified today and start tomorrow. Well, there was a hiccup in the system we found out this afternoon.
There was some cleanup that needed to be done. And it appears that it was a as a result that the Federal Reserve which has been absorbed into the treasury along with the IRS was absorbed in the treasury, - There was a situation where IRS was trying to find a way to tax the admirals groups and the intermediaries, who are the introducers of the bonds from the bond seller to the buyer. They are called - kinda like a facilitator, , that they call them intermediaries.
So they were trying to get in the middle of that and that needed to be shut down, which it was. Don't worry about the tax thing. It's not going to happen. So don't worry about that.
This is really good news. But it took the paperwork getting completed by the Treasury that this was no longer a concern and fed is dead. Basically there is no federal reserve - the function of the Federal Reserve you know was to make loans to the banks so that they could get money get currency to operate with.
Well, that stopped Monday. That was yesterday. Wasn’t it - Yesterday there were no more loans to be made to the banks. And that was because the USD is basically phased out all around the globe, and including with our Federal Reserve. So the good news is – we’ll get back to our timeline - The good news is we got stopped out by maybe a half a day to a day
And we're expecting -- this information came from another source later this afternoon - That said we expect to receive our notifications from 8pm Tonight, Eastern Time. So that's Eastern Daylight Time and it's a little after 10 o'clock now. So anytime from now, let's say to noon tomorrow - we should be notified according to one of our sources - should receive our notifications, which will be the emails from Wells Fargo servers out of Atlanta.
That will tell us that we have our numbers and give us our toll free numbers to set our appointment and then the additional good news is add further to that. A second transmission from this source said that we should be exchanging still tomorrow.
So let's say we get our notifications in the morning tomorrow or overnight tonight, or some combination and we get those and we set appointments. We should be able to exchange tomorrow afternoon, evening. Okay?
And we're not stretched out necessarily at this point beyond tomorrow. So that's really good news that took care of this problem. – That took care of the issue that was with the Federal Reserve and IRS
And So beyond that – that timing and that timeline I wanted to say something about Trusts.
There are people that selling trusts are trying to get certain people with amount of Zim to buy a trust and all that good stuff. Be very careful about that. Before you do that. I want to say this though.
The people I'm gonna say this is Treasury This is the Wells Fargo banks. They want us to have a trust within 10 days of the exchange. Many of us already have a master trust that we're going to use for our primary Wells account for the exchange. And some of us have LLC that we set up for a project like I've done but they just would like you to have a trust within 10 days after you exchange.
So get with if you have an attorney, a trust attorney that can do that or if you don't you get with Wells Fargo their wealth managers, I think they call them premier bankers, Premier bankers and just get they should be able to do the Trust for you or turn you to somebody in the wealth management division of Wells that will be able to create a trust or several for you.
There are companies that are still out of Wyoming - that does multiple trusts and they have a package of those trusts. That's a possibility. You know, you can do whatever you need to do but I think the main reason is so that when you walk out of the redemption center, and you’re a millionaire to quite brillionaire - You're coming out of there –
Basically, you need the asset protection that the trust will afford you - you need to get started with your asset protection with trust and have that all set up with you. Make sure you have good trustees that you can work with yourself being one and you want spouse whatever your deal is, being a trustee that just work with the attorneys to create that trust. Soon after you exchange.
That way you'll have some asset protection – none of us in this game should have or will other than a living will. That's for medical reasons. but a will you know you have no protection, your whole financial history everything that you've got is seen by everyone.
It’s a public type thing and there's no reason to have probate when it comes to your things. If anything should happen to you. You want to make sure that you have your assets lined up with that asset protection so that it remains private and remains just between you and your heirs. That's it.
So be -- I haven't really talked to anything about this yet. But it is important I think to get that and maybe Wells is the place to start unless you have a trust attorney. I'm fortunate to have a trust attorney. I've already done that work. But you know, that's really what we want to do.
Okay, other things that are happening around the globe as of Monday, which was yesterday and think of it as Sunday and Sunday night - is our time -- in China there's no more fiat currency being used we are primarily talking USD - our Fiat dollar, no more fiat currency, no more fiat currency in Vietnam.
No more fiat currency used in North and South Korea, also in the Middle East, with Iraq with Iran, with Libya, Syria, and a number of other Middle Eastern countries. They've all gone to their own asset backed currencies or gold back and in the situation of the BRICS, and in situation of of Iraq and Iran.
The Iraqi Dinar and Iranian rial are gold backed and so you know, we're a little late to the game because we've allowed some of our banks to hold this up to push this back. and we're just I don't know why but we had about 21 We have about 23 banks, that I think that is plus all of their branches that needed to close their doors yesterday because they're incapable of getting loans from the Federal Reserve it's dead. It's gone. The Fed is dead.
So I think that's a good thing for us. And we with our exchanges, because remember the banks that work with us like Wells Fargo, they picked up 0.025 - .025% of our exchanges, they pick up that - it doesn't come out of our side of exchange don't worry about that. And the person that exchanges you picks up .025% So it turns into real money after a while especially when you're redeeming zim.
Alright, so suffice to say that we with our exchanges, are rehydrating the banks with USN - okay, and getting their balance sheets back up. That's why they can't wait to exchange currencies and take the zim in as a redeemed asset.
And that's really very important that we're actually helping the banking system to get rehydrated and get their balance sheets like they should be.
Otherwise, I'm actually very, I think, I think the admirals groups and us in tier 4B or the internet groups are looking to be notified probably at about the same time. It's possible that the admiral groups go first. And maybe they get notified overnight tonight. That's just a theory I have - late tonight. or overnight, and maybe we'll pick it up in the morning. but you know, if the one source is correct, we should get this by noon tomorrow. so let's see what happens with that -
If that is the case. We probably will not have any more calls. This will be our last call. So let's hope that's the case. I think I am as ready as you guys are to make this see that happen
And we'll have more to say about that later. But that's the way that we'll be able to communicate with you when we stop doing calls which should be tonight doing these calls on the airways that we're doing
So that's what I wanted to bring to you guys tonight. I'm excited about everything happening and going down now. So let's pray the call out and see what happens between now and noon tomorrow. Eastern Daylight Time
"QFS-CONVERSATIONS WITH GOLDILOCKS, 13 MARCH
GOLDILOCKS
"The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto."
Trial periods can last anywhere from 30 to 60 days. This marks an important event for the world to see if Stablecoins backed by gold and other commodities have the potential to move our economy into a gold standard based on digital assets and new banking protocols designed for a digital economy guided by artificial intelligence.
If this is successful, we will begin to see many Stablecoins enter into the Global Market. It will begin to create price pressures on our paper currency.
We will first see a stabilization of currency prices reverse current trends, and move or monetary system into real values. It is a strong headwind ahead of us, but the work put into this new digital global economy is about to be tested inside the real world. Reversals don't happen overnight. Patience and endurance are definitely needed at this time.
India's Unified Ledger is expected to be a part of this trial along with the Shanghai Exchange. The Chinese Rememidi will serve as a part of this testing.
The HKMA will use this sandbox testing to share ideas on supervisory expectations. It will serve as guidance on the issuance of fiat-referenced Stablecoins in Hong Kong.
As you can see, the Eastern half of our world is beginning to make its move into the new QFS. By the time this testing is complete, Global cryptocurrency regulations are expected to be finished by Europe through MICA.
We are in the calm before the storm.
© Goldilocks
https://www.scmp.com/tech/policy/article/3255129/stablecoin-sandbox-launches-hong-kong-companies-make-plans-cryptocurrencies-pegged-local-currency
https://www.scmp.com/business/banking-finance/article/3254579/hong-kongs-cutting-edge-central-bank-digital-currency-pilot-burnishes-blockchain-credentials-boosts#amp_tf=From%20%251%24s&aoh=17103015115110&csi=1&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.scmp.com%2Fbusiness%2Fbanking-finance%2Farticle%2F3254579%2Fhong-kongs-cutting-edge-central-bank-digital-currency-pilot-burnishes-blockchain-credentials-boosts
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