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Biden's decision to extend the emergency in Iraq protects Baghdad's money - Iraqi expert, 22 MAY

   Biden's decision to extend the emergency in Iraq protects Baghdad's money - Iraqi expert

The expert in American affairs, Professor Aqeel Abbas, confirmed that the White House’s decision, which was issued yesterday, to extend the state of emergency in Iraq, stems from economic and financial reasons, and has no military or security aspect.

He said that the United States protects Iraqi funds from seizure in accordance with this decision, as There is an unknown number of companies and entities around the world that have sued Iraq over the invasion of Kuwait, and if this protection decision is cancelled, Iraqi funds outside the country will be subject to seizure

Aqeel Abbas, in a statement:

Extending this decision is economic and financial, not military or security. It protects Iraq from judicial rulings issued by courts in several countries against Iraq, some of which we do not know yet, because the Iraqi state did not inventory the cases filed against the backdrop of the invasion of Kuwait. Many companies were harmed at that time and lawsuits were filed in different countries.

If the US decision is not extended, many Iraqi funds will be seized, and it will be difficult for Iraq to transfer oil money to the Central Bank.

Today, the United States is the protector of Iraqi funds. The funds go to an American bank in New York and then are transferred to Iraq.

Biden stated in a letter addressed to the US Congress:

Obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security, and the development of Iraq's political, administrative, and economic institutions continue to pose an extraordinary threat to the national security and foreign policy of Iraq and to the United States.

The national emergency declared in Executive Order 13303 relating to Iraq will remain in effect after May 22, 2024 for another additional year.   link

"WHERE ARE WE NOW" ? BY GEM, 22 MAY

 BRUCE BIG CALL UNIVERSE 

INTEL ONLY

*WHERE ARE WE NOW*

Bruce can make this short and sweet – we got information of a meeting yesterday evening and through the night with 64 individuals in Reno and designed to have two top people at the top of getting this done like Judy Shelton and they were told  - all right get to this meeting and decide when the emails are going to come out – so Bond Holder and US  - make that decision is going to be released either Wednesday or Tuesday which is today – 

so today we might be able to write off  - but Wednesday is in play and they reached a decision and it appears that this could go according to the result of the person on the ground  anytime – between 3 pm and 9pm tomorrow night  - if it’s tomorrow and not tonight – so we had a 30 hour window  - initially and that works and it could be  CW Thursday and start our exchanges Thursday.  

 The other intel comes from  a Precious Metals broker and he saying that this could go later tonight and manifest to us in the morning with all the new rates at 9am.    We haven’t had a call in a few days – and the rate was showing on Saturday and then on Sunday they started moving up  - coming onto the screens and yesterday moving and changing and going up in the values and going in the direction we expect and were supposed to be on the RC screens yesterday and today – so populating and moving at 90 miles an hour – 

was what was said.   Will they settle in overnight – generally speaking at banks that are doing exchanges they might fluctuate and change but stay roughly at the same rate  - I don’t know which it will be for us and one other piece of intel not confirmed the contract rate on the Dinar is going to be very VERY High and the reason to offer us that rate – we had the technology to get the gas from the wells and capture that – and CMG is natural and very affordable, in addition to the oil and takes the per barrel rate higher and the rate is based on that – like Turkey buying from Iraq and that’s a contract rate for us – so add on the gas and that is an enhanced price with more value coming out of that well, CMG is a great value and resource.

In addition around the globe with changes in leadership  - like Brazil and Iran with what happened recently and Singapore sovereign and having pulled away from Britain and now moving into their own sovereignty – So that’s what I wanted to bring and the metals broker was saying this could overnight night tonight and we’d wake to those emails in the morning and maybe we’ll get it in the afternoon and/or evening – but everybody left Reno at 6am this morning so they got it done and made a decision and we should have this overnight or tomorrow – and we received that this morning.    So Now Bruce going on to talk about Sue and her programmes.

So that’s our intel for tonight I’m sure – which again is FANTASTIC intel  but of course like Bruce keeps saying it JUST HAS TO BE RIGHT ONCE – JUST ONCE   - can’t be too much to ask for can it?    And of course without doubt  praying out the call – so please join with Bruce in that Prayer and keep praying until we ALL SEE THE FULL MANIFESTATION OF THIS HEAVENLY BLESSING WITH THOSE NOTIFICATIONS OR SAFE SECURE WEBSITE – DOESN’T MATTER  - but we do need that to make our wonderful exchange appointments.    Remember can Never have too many Prayers and ALL OUR PRAYERS ARE SO POWERFUL.   Love to you ALL Gem.   

Bruce just saying now we have a day and time  - be in an attitude of immense prayer and gratitude – which I know we ALL WILL BE.   

Gem. 

Gold Silver and Crypto update for 05/21/24 - Gold and silver are consistent by PIMPY

The International Monetary Fund: It Is Expected That Iraq’s Economy Will Recover By 5.3% For The Year 2024-2025, 22 MAY

 The International Monetary Fund: It Is Expected That Iraq’s Economy Will Recover By 5.3% For The Year 2024-2025

Posted On05-21-2024 By Sotaliraq  Translated by / Hamed Ahmed  The International Monetary Fund indicated in its latest report that there are expectations for an economic recovery in Iraq for the year 2024-2025, reaching a rate of 5.3% before gradually stabilizing at a rate of 3.5% in the medium term, warning at the same time that the economic situation in general is fragile and that without action Economic and financial reforms regarding spending. This growth is vulnerable to decline if oil prices fall.

The Executive Board of the International Monetary Fund stated in its report issued on May 16, 2024, that local stability has improved further since the new government took office in October 2022, which facilitated the passage of the first three-year budget in Iraq, which led to a huge financial expansion starting in 2023. This supported a strong recovery in Iraq's non-oil economy after a contraction in 2022, and a decline in inflation by the end of 2023 by 4%.

However, Fund experts point out that the economic situation in Iraq is still fragile, as its non-oil imports and exports constitute only a small portion of the gross domestic product, making that country vulnerable to major fluctuations in oil prices.

On the other hand, the public sector is still dominant in the arena, compared to a decline in private sector development procedures for reasons related to cases of corruption and bureaucracy, as well as dilapidated infrastructure and difficulty obtaining credit, and unemployment rates are still high, especially among the youth segment, stressing the necessity of taking reform measures. Economic and financial.

The International Monetary Fund expected the growth and recovery of the gross domestic product in Iraq for the year 2024-2025, driven by improved oil production rates and financial expansion, indicating its growth by 1.4% in the year 2024, expecting the country’s gross domestic product growth rates to increase to reach 5.3% in the year 2025 before stabilizing. In the medium term, gradually at a rate of 3.5%.

While Fund experts pointed out that the risks of a decline in oil prices and an increase in OPEC+ demands to reduce production would cast a shadow on the growth rate and increase pressure on external debt, stressing the necessity of taking radical economic and financial structural reform measures to ensure continued financial and financial stability.

External debt and the necessity of developing the aspect of diversifying the sources of the economy and achieving stable and comprehensive growth for the private sector.

The Fund's experts recommend encouraging the Iraqi authorities to focus their control on public spending lists and mobilizing non-oil revenues, with the necessity of making reforms in controlling customs port resources and restricting excessive public expenditures to achieve a financial settlement while reforming the financial aid and retirement system.

The Fund's experts also recommended the need to restrict the Central Bank's financial policy efforts and strengthen the monetary liquidity policy framework, noting that improving coordination between financial and monetary operations will help absorb the increase in liquidity and enhance the financial transfer policy.

They also stressed the need to restructure banks and government banks, encourage the modernization of the private banking sector, and facilitate the establishment of mutual banking relationships.

The report states that developing the private sector and diversifying the sources of the economy are essential factors to ensure long-term financial stability and enhance job creation. This requires comprehensive reform of the private market aimed at improving society's capital and improving the environment for private commercial activities, including reforming the electricity sector and combating corruption.

The experts stressed the need to enhance the development of the private sector and develop economic diversification to address the long-term unemployment crisis and confront any future economic challenges.

As it is expected that the rate of the number of people entering working age will increase rapidly, adding 0.8% of the labor force entering the market annually, which requires a growth in the gross domestic product at a rate of 5% for the next ten years to be able to absorb this growth in the labor force and reduce the unemployment rate. To one degree.    LINK

"RV UPDATE" BY MNT GOAT, 22 MAY

 Mnt Goat

   So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...

In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW!  ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!  

 Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or...export more products... 

Coffee with MarkZ. 05/22/2024