Monday, June 23, 2025
Meeting between the foreign ministers of Iraq and Iran to contain the escalation
Meeting between the foreign ministers of Iraq and Iran to contain the escalation
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein met on Sunday with his Iranian counterpart, Abbas Araqchi, to discuss developments in the regional escalation, on the sidelines of the 51st session of the Organization of Islamic Cooperation (OIC) Foreign Ministers.
The Iraqi Foreign Ministry said in a statement received by Shafaq News Agency that this meeting is the second between the two ministers since the beginning of the current crisis. The meeting addressed the latest security developments in the region, in light of the US military strike against key nuclear sites in Iran.
During the meeting, Iranian Minister Abbas Araqchi gave a detailed presentation on the impact of these attacks, indicating that his country is taking several steps to respond. He also indicated Iran's intention to approach the UN Security Council for an emergency session at the invitation of Russia.
For his part, Minister Fuad Hussein stressed the importance of activating the open-ended ministerial contact committee, an initiative proposed by Iraq within the framework of the Organization of Islamic Cooperation, with the aim of containing the crisis and opening channels for dialogue that would contribute to reaching peaceful solutions and avoiding further escalation in the region. link
TIDBIT FROM MNT GOAT
Mnt Goat
...the U.S. Treasury has said it will give a “green light” to go ahead, however with stipulations. First if they must complete successfully the Iranian issues and trade must resume to normal between the two countries.
Then the dinar stabilize again. The Project to Delete the Zeros must be successful with maintaining low rate of inflation. This will be the gauge...rate.
So, we are getting very close but a lot rides on the Iranian issue.
Public Debt Challenges
Public Debt Challenges
Economic 06/23/2025 Yasser Al-Mutawali Public debt, in all its forms and varieties, whether external or domestic, is one of the most complex challenges facing countries, especially developing countries and even those poised for growth.
One of the most prominent policies of international capitalist institutions and banks is to drown countries in foreign debt with the aim of dominating and controlling them and containing their economies (economic colonialism) or (economic monopoly), call it what you will, including some multilateral financial institutions, by imposing on borrowing countries firm reforms that appear to improve the economic situation but in reality make their economies completely subservient to the wills and policies of the countries.
Perhaps the public (external) debt is a double-edged sword for those who do not invest it well in developing economic sectors and achieving development that leads to stability.
If the public debt is for consumer spending purposes, then this is where the ultimate disaster occurs.
This policy pursued by international institutions has created a sense of international frustration,
particularly with the use of debt as a weapon against countries and the imposition of binding
sanctions.
Therefore, you find that most countries, especially the superpowers, are at the forefront of those seeking an alternative to the dollar as a unit of measurement for trade transactions, debts, stocks, and bonds.
I was once struck by a statement made by someone, from an economic analysis perspective, that the
incurrence of domestic debt has no impact on the financial situation, which is truly surprising.
Public (domestic) debt is sometimes worse than external public debt, especially if it is used outside budget allocations or purposes, such as political purposes or for liquidity purposes to cover excessive operating expenses, etc.
This debt often relies on foreign exchange reserves, which erode them.
This poses a risk of accelerating financial crises.
Domestic public debt increases the budget deficit, which in turn impacts inflation rates, rising prices, and a lack of liquidity.
This highlights the eternal contradiction and overlap between monetary and fiscal policies.
While monetary policy seeks to reduce annual inflation growth rates and increase foreign exchange reserves, fiscal policy implements government policies that contribute to government spending,
which sometimes intersects with the goal of monetary stability.
This imbalance in our experience in Iraq may be due to the absence of sovereign funds that would balance these two policies and achieve their developmental and financial stability objectives.
Therefore, the monetary authority needs efficient management to achieve financial and monetary stability and thus economic stability on an ongoing basis. https://alsabaah.iq/116419-.html
EXCERPTS FROM MARKZ
EXCERPTS FROM MARKZ
MZ: I am being told this situation with Iran is speeding things up…not slowing things down.
MZ: I have a number of bond contacts who are surprisingly upbeat after this last weekend. They feel very confident this is their week.
MZ: Seems to me there needs to be a few more things settled, but for some reason many group contacts are again traveling this week. They believe that what happened in attacking Iran’s nuclear sites will spur things forward. I don’t know what to think about this.
MZ: I have 3 different contacts who say this is the best thing since sliced bread and it will be the final stage before they release the value. I’m still a bit conflicted whether to be excited or not.
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