Iraq Calls On The Security Council To Exercise Its Role In Maintaining International Peace And Security, 3 OCT

 Iraq Calls On The Security Council To Exercise Its Role In Maintaining International Peace And Security

Wednesday 02 October 2024 19:22 | Politics  Number of readings: 119  Baghdad / NINA / Iraq called on the UN Security Council to exercise its role in maintaining international peace and security, while warning against dragging the region into a comprehensive war.

he Iraqi representative to the United Nations, Abbas Kazim Obaid, said in a speech at the emergency session of the Security Council: "The failure to deter the Zionist entity opens the door to more crimes and drags the region into broad conflicts."

He added: "The Security Council must issue immediate and binding resolutions to cease fire."

The Iraqi delegate pointed out: "The war has entered a new phase that threatens more killing and displacement," indicating: "The failure to put an end to the crimes encourages the Zionist entity to persist in them." /

https://ninanews.com/Website/News/Details?Key=1159386

Wednesday Evening News With MarkZ, 3 OCT

 Wednesday Evening News With MarkZ

MarkZ Update – Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good evening fellow hopium addicts.

Member: Already looking toward the weekend.

Member: Iraqs Independence Day 10/3. Let’s Go!

MZ: There is some good stuff out of Iraq today. “ Parliamentary conquest reveals an agreement to pass two controversial laws today”this is very important news.  This is the personal status law and the Return of real estate to its owners covered by some decisions of the dissolved revolutionary command council law. This is like historic settlements….Think of them as the same as our Farm Claims settlements . These are settlements for other things that we were told we would see right before they do the dinar change in value.

MZ: For me this is huge. Think of this as almost the same as our historic bonds, fines and penalties, farm claims . To me this shows us how close we are.

MZ: “Finance Committee: Discussion of 2025 budget tables will begin next month” That is November. Why is that important?  The rate. They are still settling out 2024 and 2023….now suddenly they are going to be ready for 2025 and its tables? I believe this tells us we will soon have a rate in order for them to fix those tables

Member: Frank26 implied November is our month…

MZ: From the bond side: Nothing has changed since this morning’s news. They are still very upbeat but a number of them are not expecting their full funds until next week.   This doesn’t mean things are not moving or that we might see something before then.

MZ: Bankers are pretty quiet today. CMKX have updated their fines and penalties but they have not been given any kind of notice on what to expect. But they are staying at a constant stage of “ready” right now.

MZ: One of you sent me this article from May of last year. Well timed. “How Wells Fargo is becoming Quantum -Ready” So when you walk into WF and ask them if they are getting ready for the Quantum financial system? If they look at you as if you’re smoking c***k…..here’s an article right off of Wells Fargo’s website. They constantly tell us we are full of it and in the meantime- they are doing it.

MZ: Just like Chase always saying they have nothng to do with Iraq…but in the meantime they are opening 10 branches in Iraq while working with them to update their banking system. .

Mark, THE SEC appealed the ruling on the XRP case today, do we need XRP to be free and clear before Iraq can RV/RI? That’s what the ongoing theory is, so that’s why I ask

MZ: No , but it makes one heck of a distraction.

Member: Lots going down … interesting timing … RV … RV … RV ..

Heavenly Father, we are praying for all those affected by Hurricane’s devastation, from the Gulf Coast to Tennessee.  We pray especially for the injured and relief workers and for the restoration of communications throughout the region, to facilitate the vital life saving work that is underway

Member: Thanks to all….everyone have a blessed night.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

MARKZ & WOLVERINE: CONTRACTS ARE GETTING TO GET PAID & BOND SIDE IS UNDER NDA

Minister Of Planning Chairs A Meeting To Study The Merger Of Two Companies Of The Ministry Of Commerce, 3 OCT

 Baghdad / NINA / Deputy Prime Minister - Minister of Planning, Mohammed Ali Tamim, chaired today, Wednesday, a meeting of the committee formed under the direction of the Prime Minister, to study the issue of merging two companies of the Ministry of Trade, in line with the state's economic vision.

According to a statement by the Ministry of Planning, the Chairman of the Advisory Board, Abdul Karim Al-Faisal, and the Prime Minister's advisors for economic, strategic and legal affairs, as well as the Director General of the General Company for Foodstuffs Trade at the Ministry of Trade, participated in the meeting.

During the meeting, the recommendations of the first meeting of the committee were discussed, the opinion of the Ministry of Trade in this regard, and the expected results of merging the Central Markets Company and the General Company for Foodstuffs Trade were studied, in accordance with the public interest and in a way that contributes to providing the best services to citizens. / End 8 https://ninanews.com/Website/News/Details?key=1159332

THEY ARE UNDER AN NDA BY MARKZ, 3 OCT

 MARKZ

• Wed. 2 Oct. 2024 MarkZ
• 
  
•  “The Historic Bond contact I was hoping could give me an update said they are now under an NDA. I am confident they got paid something at the table or they would not have signed it.
• 
  
•  A couple other bond folks told me they did get their final paperwork but the plan is not to pay the until early next week.
• 
  
•  So paperwork is final…process is started but they will not get full release of their funds until next week. I wonder if it’s more of an international clearing process to get their spendable funds.
• 
  
•  In other words, two of my contacts were in a group so funds were given to the paymaster. 
• 
  
• Then the paymaster has to clear those billions in funds internationally then distribute those funds to all the people in the group. If these billions were moved from Europe to the US- there would be safety checks and balances. This takes awhile. 
• 
  
• I very much think and am very confident money has been moving on bonds, just not as quickly as we want it to be moving.”

MILITIAMAN: Iraq Dinar Update-Iraq Securities Exchange- Transform Iraq-Export Oil - ...

Government Advisor: No Concerns About Iraq's Financial Situation And Our Foreign Reserves Are Diverse, 3 OCT

 {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured about the financial and economic situation of the country.

Saleh told Al Furat News Agency: "We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country's foreign reserve portfolio, which varies from major foreign currencies and monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank."

He explained, "Usually, the Central Bank of Iraq hedges in managing its sovereign investment portfolio with a studied and highly sensitive diversity and with standard ratios and precise weights for each foreign currency in addition to the monetary gold that makes up the foreign reserves, within the scope of what is called hedging against the risks of fluctuations in exchange rates of currencies and gold, which is a policy that expresses the efficiency of managing the country's investment portfolio and according to diversification in various foreign currencies and gold."

Saleh explained, "The decline in the market value of gold, for example, must be met with an increase in the value of the dollar or other foreign currencies through the management of the components of the foreign reserves portfolio itself, as diversification is an important pillar of the hedging policy in managing investments in foreign assets from fluctuations in foreign exchange rates and gold through diversifying the country's sovereign investment portfolio."

He pointed out that "the sovereign investment portfolio avoids what is called in the literature of accounting policy of central banks (unrealized losses) by immediately realizing (unrealized profits), which are the same unrealized profits that correspond to the unrealized losses resulting from fluctuations in gold or foreign currency prices at the same time."

He pointed out that "the availability of a good diversification policy, in the assets or holdings of the investment portfolio, is sufficient neutrality in maintaining the total market value of the country's foreign assets reserve and the stability of its value at all times."  LINK