More News, Rumors and Opinions Wednesday PM 11-27-2024
KTFA:
Clare: Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.
From.. Raghad LINK
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Clare: The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points
11/27/2024
In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.
The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government's plan to develop the tourism reality.
Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.
According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:
1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.
2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.
3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.
4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.
5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.
6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.
7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market." They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened. Then why would they just all of a sudden say, 'Now it's okay'? ...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...
Frank26 What is it that the Central Bank of Iraq needed in order to bring forth a new exchange rate and the lower notes to the citizens? Security and stability. That was the key. You cannot do anything without security and stability...Article quote: "Alaq, the monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate." ...That's a confession...you have stability!
‘Fiat Is Failing’: Why James Lavish Believes Bitcoin Is the Future of Hard Money
Kitco News: 11-27-2024
Bitcoin is making waves as it approaches $100,000, but according to James Lavish, Managing Partner at the Bitcoin Opportunity Fund, the real story lies in the decline of fiat currencies like the U.S. dollar.
In this interview Jeremy Szafron, Lavish explains why inflation, debt, and currency debasement are fueling Bitcoin’s meteoric rise. He also breaks down key catalysts ahead, including institutional adoption, regulatory clarity following SEC Chair Gary Gensler’s departure, and the potential impact of pro-crypto policies under a Trump administration.
Lavish delves into Bitcoin’s long-term potential, predicting it could rival gold as a global store of value and surpass $1 million per coin within the next decade.
He also shares insights on MicroStrategy’s bold Bitcoin strategy and what retail and institutional investors should watch for in the rapidly evolving crypto landscape.
Whether you’re a Bitcoin enthusiast or a skeptic, this conversation offers critical insights into the future of digital assets.
00:00 Introduction
02:45 Gold vs. Bitcoin: Perspectives from the Investment Conference
05:51 Market Cycles and Election Impact on Bitcoin
11:01 Federal Reserve and Economic Policies
17:49 Bitcoin's Market Position and Future Outlook
18:11 Breaking the 100,000 Barrier
20:18 MicroStrategy's Bold Bitcoin Strategy
22:14 Convertible Bonds and Delta Hedging
26:40 Citron's Short Position on MicroStrategy
28:49 Bitcoin's Future and Market Outlook
31:47 Bitcoin's Growth Potential
34:20 Wealth Disparity and Asset Accumulation
35:10 Conclusion