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Al-Gharibawi: The budget favored the region politically, 3 JUNE

Al-Gharibawi: The budget favored the region politically

Today, Sunday, Agent Bassem Al-Gharibawi thought about the presence of political blessings in the area’s spending plan portions.

Al-Gharibawi told, “The governorates didn’t get adequate portions for their ventures as opposed to the sums distributed to the district, as these governorates are considered responsible based on the genuine consumption from the financial plan, and the computation of what each governorate spends from the sums dispensed to it reasonably affordable.”

He made sense of, “There are legitimate commitments laid out by the Government Court towards Kurdistan with respect to monetary issues and incomes, and these choices should be carried out accurately.”

He added, “The area has not satisfied its commitments to the central government, as far as oil imports and different incomes, which requires not conceding it around 17% of the spending plan, notwithstanding not getting portions from the genuine use.”

That’s what he expressed “there are political blessings towards the locale to the detriment of the remainder of the governorates, and this matter was finished because of political tension, while some governorates were distributed in excess of 80 billion, and this spending plan isn’t adequate for one of their undertakings, requiring a reexamination of the portions for these governorates.” 

"QFS CONVERSATION" WITH GOLDILOCKS, 3 JUNE

 GOLDILOCKS

"Baghdad-INAThe Parliamentary Finance Committee announced today, Friday, that it will continue revision and reviewing the 2024 budget schedules to complete it on time in order to vote on them in Parliament, while confirming its readiness to present the final report on the budget schedules in next Monday's session."

This meeting on Monday is regarding budget schedules. No mention of exchange rate changes are expected to be a part of this meeting. 

© Goldilocks 

https://ina.iq/eng/33008-chairman-of-the-finance-committee-we-are-ready-to-present-the-final-report-on-the-budget-schedules.html#:~:text=Baghdad%2DINA,schedules%20in%20next%20Monday's%20session.

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US unveils policy to boost carbon offset market integrity | Reuters

https://www.reuters.com/sustainability/climate-energy/us-unveils-policy-boost-carbon-offset-market-integrity-2024-05-28/#:~:text=WASHINGTON%2C%20May%2028%20(Reuters),deliver%20the%20promised%20emissions%20reductions.

We should see a lot of legislative bodies here in the United States and abroad get very active this month regulating and moving virtual assets into law inside the new Global Digital Economy.

© Goldilocks

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Dhi Qar Oil is considering several measures to raise the level of production, 3 JUNE

Dhi Qar Oil is considering several measures to raise the level of production

Today, Sunday, Dhi Qar Oil Organization examined a few principal points influencing the truth of oil creation in the governorate.

The Chief General of the Dhi Qar Oil Organization, Ali Khudair Abbas, told : ” The Dhi Qar Oil Organization has accomplished a huge level of its creation objectives.”

Abbas focused “the significance of proceeding to further develop execution and increment creation as indicated by the drawn up ecclesiastical plans.”

The creation limit of the oil fields in Dhi Qar Governorate is in excess of 250,000 barrels each day, disseminated as in excess of 150,000 barrels from the Gharraf field and 100,000 barrels from the Nasiriyah field.

States Ready for Fiat Currency Collapse: Gold is “Real Money” BY AWAKE IN 3D, 3 JUNE

States Ready for Fiat Currency Collapse: Gold is “Real Money”

Is the Fiat Currency System Doomed? Louisiana Thinks So

Across the United States, a growing number of states are passing legislation reaffirming gold and silver as legal tender while also rejecting Central Bank Digital Currencies (CBDCs) as valid money.

This legislative trend underscores a profound skepticism towards the stability of the fiat currency system and a proactive approach to safeguarding economic stability.

By embracing sound money principles and constitutional directives, these states are positioning themselves to withstand potential financial upheavals and protect their citizens’ wealth.

In This Article

• Louisiana’s New Legislation on Gold and Silver
• Constitutional Foundation for Sound Money
• Growing Trend Against Fiat Currency and CBDCs
• Implications for the Future of State Economies
• 
  

Louisiana has made a significant legislative move as Governor Jeff Landry signed a new law on May 31, 2024, reaffirming gold and silver as legal tender.

This action reflects a broader state-level trend anticipating a collapse of the fiat currency system.

Louisiana’s New Legislation on Gold and Silver

Senate Bill 232, sponsored by Senator Mark Abraham, declares that any gold or silver coin, specie, or bullion issued by the United States government is legal tender when agreed upon by both parties in a contract.

The bill enjoyed overwhelming support, receiving only one dissenting vote in the Louisiana House and Senate.

Constitutional Foundation for Sound Money

This legislative move aligns with the U.S. Constitution. Article 1, Section 10 states: “No state shall…coin Money; emit Bills of Credit; [or] make any Thing but gold and silver Coin a Tender in Payment of Debts.”

This principle, rooted in the nation’s founding document, highlights the enduring importance of sound money policies.

Growing Trend Against Fiat Currency and CBDCs

Louisiana is part of a growing national trend where states are moving away from the fiat currency system and rejecting Central Bank Digital Currencies (CBDCs) as valid money. In 2024, Alabama, Utah, Wisconsin, Nebraska, and Kentucky passed similar legislation.

These states have taken steps to eliminate sales and capital gains taxes on precious metals and empower state treasurers to invest in gold and silver. This movement underscores a deepening distrust in the stability of the fiat currency system.

Implications for the Future of State Economies

The 53-year experiment with a purely fiat currency system in the United States has resulted in significant economic challenges.

The Federal Reserve note “dollar” has lost purchasing power, leading to inflation and economic instability. By reaffirming gold and silver as legal tender, states like Louisiana are proactively protecting their citizens’ wealth and preparing for a potential collapse of the fiat currency system.

This legislative trend suggests a broader shift towards economic self-reliance and stability at the state level, highlighting a growing recognition of the need for sound money policies.

The Bottom Line

Louisiana’s reaffirmation of gold and silver as legal tender is a clear indication of a broader state-level trend towards sound money policies.

As more states join this movement, it signals increasing skepticism about the long-term viability of the fiat currency system and a proactive approach to ensuring financial stability.

By embracing precious metals and rejecting CBDCs, states are positioning themselves to safeguard their economies and citizens against the potential collapse of the fiat currency debt system.