Thursday, July 4, 2024
Al-Hakim: Iraq's Oil Rentier Economy Is A "Major Challenge", 4 JULY
Al-Hakim: Iraq's Oil Rentier Economy Is A "Major Challenge"
Wednesday 03 July 2024 Politics Number of readings: 193 Baghdad / NINA / The head of the National State Forces Alliance, Ammar al-Hakim, considered the rentier oil economy in Iraq a "major challenge."
Al-Hakim said during his hosting at the Baghdad Forum for Young Leaders, which was held by the Ishtar Foundation, that "the rentier economy is a major challenge and oil prices will not last long, especially if the influences that led to the rise in prices are removed."
He added: "To help break the rentier economy equation and move to the five-point agriculture, industry, tourism, investment and technology, and that all these titles are capable of opening a window of work for young people and transforming them into an effective and productive segment."
He pointed out that "Al-Sudani succeeded in his performance, which was positively reflected on the forces supporting and enabling him, and that the focus was on popular satisfaction with the government, while there is another popular satisfaction with the political forces, as evidenced by the results of the recent elections," indicating: "
Al-Sudani's success in his previous tasks is what prompted the Coordination Framework to empower him in the prime minister's office and assign him to manage the government."
Al-Hakim pointed out that "youth are a vital pillar in our Iraqi reality, given their numbers and proportions in society, which requires care and empowerment for them, taking into account requirements, developments, technology, information technology, and the like."
He continued: "Youth face major intellectual and social challenges, the first of which is drugs," calling for empowerment that is commensurate with the capabilities of youth, trust in Iraqi youth, and attention to their successful experiences." / https://ninanews.com/Website/News/Details?key=11395
LATEST OF WOLVERINE, 4 JULY
Wed. 3 July 2024 Wolverine
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- Mon. 1 July 2024 Wolverine
- “There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning and should come sometime this week.
- I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Tier4b monies have been positioned. Private contractors are being paid.
- Bond Holders are in position. I’ve seen the signed contracts and certified documents for the reset. Hold on. It’s coming.”
- Sun. 30 June 2024 Wolverine
- I have seen a certified announcement of the release of the Global Currency Reset. It has been released. Presently the private contractors are getting paid. This week the Bond Holders will get paid. I’m not sure about the Tier4b Group (Us, the Internet Group).
WOLVERINE
Sat. 29 June 2024 Wolverine
“The news has been overwhelming coming from so many sources. Some say it’s starting tonight. Some say it’s already started. They’re getting ready in Iraq for the RV tomorrow (Sun. 30 June 2024). …The latest is that you should get ready.
It’s really coming. The G-20 (an intergovernmental forum comprising 19 sovereign countries) gave the release and emails for the Internet Group will be coming out sometime between Mon. 1 July and Fri. 5 July.
…Some Bond People have already been paid. They aren’t answering my calls because they are under NDAs. Be responsible with your money. Use it wisely. You will be an NDA and you cannot talk about the RV. If you talk about it you will get your money frozen and you won’t get it.
I’ll be going silent for about three months. Get ready for tomorrow (Sun. 30 June 2024) for the biggest celebration you have ever had because that’s when the RV is coming out – about mid day in Iraq. This is not a false alert because it is really coming. I can’t wait because all that hate I have been hit by will go away. God Bless you. I love you. Welcome to the new World. Bye Bye.”
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-wolverine-30-june.html
Securities Commission: The Government Has Successfully Completed The Sale Of Financial Bonds
Market Economy News – Baghdad The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. 172 views 07/03/2024 - https://economy-news.net/content.php?id=44856
LATEST FROM MILITIAMAN, 4 JULY
Militia Man
Iraq has a meeting with the WTO according to the calendar...on or around the 18th of this month. What is it about? It's talking about their accession process, whether that's going to happen or not that day I don't know but assuming that it's moving forward it sounds like their accession is going to be imminent.
You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly...The WTO is at the core of this. It's real.
Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...
They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.
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That's what we are waiting for as we speak [seeing what's in the budget]. We haven't seen them expose that rate or that information to us just yet but they're going to. They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.
The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half.
Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."
Everybody should be pumped and ready to go...
Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance"
This article right here will blow your socks off...
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html
PMF eliminates senior ISIS leader in northern Babil, 7 OCT
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