Article: "CEO of JPMorgan Chase expresses support for Iraq" Take a picture of this. Next time Chase tells you it's a scam put this right up to their faces.
Like we told you IOO he [Al-Sudani] gave orders to have the screens put up. I don't know how long it's going to take for him to make this announcement to the Iraqi citizens but I just don't see it happening much longer...
I
t seems to me the pattern of these bank stories that I've been receiving are changing more in the direction that, 'Yeah, we know. We don't know when. We don't know what to tell you. We don't know how much...but yeah we know what's going on.'
[Al-Sudani Q and A in Washington DC 1 hour 28 minute mark] Community Member: The question was asked...Is the government thinking of revaluing the dinar and reinstating the value of the dinar due to the current circumstances in the markets or do you see that it say the same?
Sudani replies by saying 'This policy is dedicated by the central bank and the governments abide by what the CBI decides. Right now I believe we are in the best status that we could be in...We started the reforms...this is going to raise the level of the value of the Iraqi dinar.' He told the whole world...
Oil sets 5 government goals for optimal investment of national wealth
Today, Tuesday, revealed a government strategy to maximize national production and enhance Iraq’s economic role in global oil markets, while stressing the keenness to increase national production of refining energy.
The spokesman for the Ministry of Oil, Assem Jihad, told the Iraqi News Agency (INA): “The strategy of the government and the ministry depends on the optimal investment of oil and gas wealth,” indicating that “the strategy requires not relying only on the export of oil, but rather diversifying the sources that enhance the Iraqi national income through... Developing mechanisms for dealing with wealth, which represents the main source of the national economy.”
Jihad added, "The government's strategy aims to maximize national production of petroleum products and the refining industry in Iraq, transform crude oil into white products, and achieve the priority of self-sufficiency, stopping imports, and gradually shifting to exporting these products to global markets," indicating that "the shift to marketing and product trade Al-Bayda achieves more revenues from exporting crude oil and contributes to strengthening Iraq’s position in the oil and commercial markets, and strengthens and supports the national economy, which depends directly on this wealth.”
He pointed out that "the Ministry of Oil adopted the strategy announced by the Prime Minister by converting 40% of crude oil into petroleum products, and last year it announced 7 investment opportunities in which it called on private sector companies and national and foreign investing companies to cooperate with the National Investment Authority and develop a promising program." Companies were invited to establish a number of investment refineries, including the Maysan Refinery Investment Project with a capacity of 150,000 barrels, the Qayyarah Refinery Project in Nineveh Governorate with a capacity of 70,000 barrels, the black oil hydrogenation project in Basra Governorate with a capacity of 30,000 barrels, and the Nasiriyah Refinery Project in Dhi Qar Governorate with capacity. 150 thousand barrels, and the Samawa refinery project in Al-Muthanna Governorate with a capacity of 150 thousand barrels, and also the Al-Kut Refinery project in Wasit Governorate with a capacity of 100 thousand barrels per day
And the rehabilitation of Al-Samoud refineries in Baiji, whose capacity reaches approximately 280 to 300 thousand barrels per day as refining capacities after... Rehabilitation and reconstruction operations, and after the Karbala refinery entered national production and also after the addition of the fourth unit with a capacity of 70 thousand barrels per day in the southern refineries, production became approximately 280 thousand barrels of refining capacity for the southern refineries in addition to other projects, and this will reflect positively on the national production of refining industries that represent the market and demand. Higher Petroleum Products.
He pointed out that “after achieving self-sufficiency, Iraq seeks to implement a strategy that enhances its economic role in the global oil markets,” noting that “the Ministry is keen to increase national production of refining energy and the announcement of inviting national and international companies to invest represents a shift in the government’s strategy towards encouraging... Investments in the crude oil settlement and refining sector open new horizons for national and foreign companies specialized in this field.”
He stated that "the government and the ministry are working on several axes for wealth, including the axis of internal use to meet local needs and attention to specifications, the axis of exporting crude oil and strengthening Iraq's role in global markets, and the axis of maximizing national production from refining industries and optimal investment of associated or natural gas," indicating that "the government's strategy depends on A contract for integrated project partnerships that include several axes, including integrated projects that include oil extraction and associated gas investment with the establishment of electric power stations, a refinery, petrochemical industries, and others that contribute to enhancing Iraq’s wealth.
Regarding the Al-Faw refinery, Jihad confirmed that “the Al-Faw refinery and petrochemical industries project is one of the promising projects in the refining industry in Iraq and the first project to be established in the ports of southern Iraq, and the government is working to accelerate its implementation,” explaining that “the refinery includes a petrochemical factory, tanks, export platforms and all related facilities.” Which contributes to achieving an integrated project aimed at investing and exporting these products.”
He stressed that "establishing the refinery in the Iraqi oil export port represents high flexibility in the process of marketing oil products and guarantees high revenues," adding that "the government hopes that this project will be one of the promising projects that is being established by one of the largest Chinese government companies."
He pointed out that "the government and the ministry are working to expedite the signing of the final contract after completing the due procedures." He explained, "The refinery will enhance the country's refining capacity by 300,000 barrels per day, as well as a petrochemical plant, tanks and facilities, and is considered one of the giant projects in the region." link
Economists are keeping a close eye on the Q1 GDP report, due on Thursday, April 25.
Production is expected to decelerate from last quarter’s 3.4% level, with the Atlanta Fed’s GDPNow tool projecting 2.9% GDP growth.
With stocks wavering amid a notable decline in investor sentiment, the GDP report should offer some insight into the path forward, both for Wall Street and the Fed.
We are witnessing the deliberate mismanagement of politics when it comes to Money, this is also happening in Europe, where the Fiat Euro is facing its demise.
The BRICS have Gold backed value of their Currency, which the Fiat Money system like Dollar and Euro are not or have not.
Now the figures are going to be known on April 25 from the Biden Economy where the sovereign debts have increased tremendously, these sovereign bonds are a toxic product for all BRICS Countries.
After all, the dollar is used to buy for free all over the world as the debts can never be paid back from the Fiat Money system.
In response to the release of the figures, we can expect Operation Sandman to go into effect.
All BRICS Countries will then coordinately dump their worthless Dollar, with the result that the equity market not covered by GESARA and the QFS will go into free fall towards ZERO.
If the equity market is going to fall and Banks are not ISO20022, things are going to get really exciting.
All Banks are trading Derivatives in the stock market, packaged loans and pledge that amount to more like 2000 billion, Deutsche Bank has massive amounts of this, and without question is already on tip over.
Combine this with the Bank run we can expect when the Banks and Stock Exchanges collapse, which in one fell swoop wipes out the Fiat Money system.
Also see this as the great expropriation of Blackrock, Vanguard and other shareholders trading in hot air of Fiat Money with no values.
All the loans to Ukraine are never going to come back, it is a big scam pulled by politicians at taxpayers’ expense.
When people realize this, they will stop paying taxes so the unfunded check from politics cannot be paid.
Now that we see through the plan, I must confess that it is brilliantly organized.
The whole system is falling into its own sword to ruin.
Take to that all the accounts of the politicians and other criminals in the [redacted] see their bank accounts frozen, without money they too can do nothing.
We can be sure that this is a well-calculated plan to redistribute the world’s wealth back to the people.
No MONEY no war against the world’s population.
[redacted] sprayed by the [redacted] as if we are insects cannot be paid for outside the QFS system.
With the involvement of the QFS, evil has been stripped of all financial resources.
So dear people from the 25th the effects of operation sandman must become visible to the entire world population.
After two decades of neglect... Iraq adopts a strategy to invest in phosphate
Oil is not the only thing that Iraq owns, but due to the political and security conditions that the country has witnessed over the past years, successive governments have not succeeded in investing in mineral resources other than oil, which has made Iraq a hostage to oil export operations, which constitute the main source of the country’s budget with more than 95%.
With Iraq possessing a huge reserve of phosphate, amounting to 9 percent of the global reserve, Representative Mudar Al-Karawi revealed the adoption of a strategy to invest in phosphate and operate its factories.
It is noteworthy that phosphate, fertilizer, brick, paste and pharmaceutical factories are all stopped or almost stopped, although they are intertwined with the agricultural and industrial sectors.
Al-Karawi said in a press statement, “Iraq possesses huge reserves of phosphate, which is used in various industries, including fertilizers of various kinds, and which constitutes an economic sector whose financial ceilings worldwide reach tens of billions of dollars annually.”
He added, "Despite the huge reserves of phosphate, Iraq imports 60-70% of its needs from abroad at double prices," pointing out that "the government has actually begun to adopt a strategy for investing in phosphate, operating its factories, and pumping its production, especially since phosphate represents the third largest natural wealth in the country." The country after oil and gas.
He pointed out that "the documented reserves in several regions of Iraq, especially the western one, indicate that they are sufficient for production for many decades, meaning that we are facing a wealth that will not be depleted in the short term, in light of the presence of dozens of markets to receive it in order to revive agriculture."
The specialized international economic website Statista published a report on the natural resources possessed by the countries of the world, where Iraq ranked ninth in the world, as it possesses 15.9 trillion dollars in natural resources, and its desert terrain contains oil, natural gas, phosphate and sulfur, according to the website.
Crude oil constitutes about 90 percent of state budget revenues, while other imports are marginal in the form of taxes and customs revenues, and some revenues from the transportation and communications sector, among others.
Iraq has a reserve amounting to 9 percent of the global reserve of phosphate, but this huge reserve has remained buried underground since 2003 and has not been invested or exported, at a time when the country depends on importing this material, which is used in many industries.
The annual export rate of phosphate products from Iraq abroad, especially to East Asian countries, before the Gulf War in 1991, amounted to half a million tons annually, with almost constant revenues that were included within the country’s non-oil resources.
Most of the phosphate reserves are located in the Al-Qaim region, and the area extending over 80 kilometers is known as “phosphate mines.”
Phosphate plants in Anbar have turned into rubble since 2003, despite the dependence of many industries on this material, in addition to its previously supplying the state treasury with 22 percent of its revenues during the previous regime.
The industrial sector in Iraq in general has been facing a major deterioration since the year 2003 until now, with most factories stopping and turning to imports. The Federation of Iraqi Industries estimated years ago the percentage of stalled projects at 40 thousand projects, and successive government programs always include a theme of revitalizing the local economy and industry. However, without achieving any promise, the wheel of trade exchange with the countries of the region continues while neglecting the local industry. link
Yes he uses a CBI Debit card to purchase items in Beeville and he discovered the exchange rate on a recent purchase equaled $3.90 US for his Dinar value up substantially from before the in country RV.
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This may be a little longer post than usual as the powers that be do not wish to get anyone''s hopes up only to be disappointed when the RV does not come in.
Well I spent 40 years in the investment banking and financial planning industry which allows for a slight advantage in researching certain areas of the acknowledged resources regarding money and securities.
Those areas being the IMF, FOREX, WTO, etc, etc.
The Prime Minister returned to his country on this past Monday, he turned over to the head of the CBI to announce the pending revaluation of his nations currency.
The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition which will be sometime between now and Wednesday 4/24/2024 by 7:00 PM.
Since both the Gazette and the IMF rate schedules are published on Wednesday each week we can assume should there be a revaluation we should receive that news during this window.
Don't get excited or make any serious decisions but please stay calm and watch the next few days as we seem to be this close. GOD Bless
