More Iraqi News Saturday PM 10-31-20

More Iraqi News Saturday PM 10-31-20

TLM724 Administrator BondLady’s Corner

A decrease in the exchange rates of the dollar in the local market

Market  Economy News _ Baghdad  The exchange rates of the dollar on the main stock markets decreased slightly, while they stabilized in the local markets on Saturday (October 31, 2020).

The Kifah Stock Exchange recorded 125,000 dinars against 100 US dollars, while last Thursday the dollar exchange rate recorded 125.100 dinars per 100 dollars.  Sales price: 125,500 dinars per $ 100.  Purchase price: 124,500 dinars per $ 100.  Number of observations 132 Date of addendum 10/31/2020  https://economy-news.net/content.php?id=22470

Economic Specialist For / NINA /: Iraq's Debt This Year Will Rise From Previous Years

Saturday 31, October 2020 13:12 | Economical Views: 178  Baghdad / NINA / The specialist in economic affairs, Hussein Shaker Tahilo, said that Iraq's debt increased this year and the deficit in the upcoming budgets in light of the decrease in oil prices due to the increase in US oil stocks, and the second wave of Corona virus that affected industrialized countries.

Tahilo said in a statement to the Iraqi National News Agency / NINA/ It: As a result of the absence of a philosophy of the Iraqi economic system, mismanagement, and the absence of development programs that have accumulated crises, the Iraqi economy was considered one of the indebted economies par excellence, as it was stated in the World Bank report for the year (2020) that an increase in the size of the external debt of Iraq is expected from (75.76) billion Dollars in (2014) to (173.53) billion dollars in (2024).

As for this year, the external debt of Iraq reached (120.7) billion dollars, and it is likely that the debt and the deficit in future budgets will increase in light of the decline in oil prices due to the increase in stocks of American oil, and the wave The second of the Corona virus that affected industrialized countries.

He added, "Several solutions can be proposed, in the forefront of which is to explain the philosophy of the Iraqi economic system and work on it, get out of the rentier depth and support the productive sectors (industry, agriculture, services), and work on comprehensive and real economic reform away from administrative corruption."

He stressed the need to work to make expenditures in harmony with the available resources by creating a combination of financial, monetary, trade and exchange rate policies to ensure that there is an aggregate demand that matches the composition of the overall supply and by adopting measures that stimulate the sectors of goods and services (this in turn reduces imports and thus no Exiting foreign currency and depleting cash reserves) as well as activating and supporting the private sector, increasing investment in infrastructure and supporting services, as well as maximizing non-oil revenues such as customs revenues in the various ports of Iraq through automating the customs system and making it centralized according to modern technology as is the case in countries This in turn limits financial corruption, which maximizes these revenues.

He continued, "Accordingly, the internal and external financial balance will be restored, the inflationary pressures are reduced and removed, the balance of payments positioned and the creditworthiness restored, which require ensuring sustainable growth and reducing unemployment rates, as well as stability policies and reforms aimed at improving resources and raising their efficiency in the medium and long term." / End 8 https://ninanews.com/Website/News/Details?Key=866090

The National Retirement Fund For / NINA /: The Launch Of The Retirement Salaries For The Month Of November Will Be As Soon As The Financial Funding Comes From The Ministry Of Finance

Saturday 31, October 2020 10:27 | Economical Views: 557  Baghdad / NINA / The National Pension Agency confirmed that the release of the retirement salaries for the month of November will take place as soon as the financial funding comes from the Ministry of Finance.

A source in the media office of the authority said to the Iraqi National News Agency / NINA / that the release of the salaries of the retired will take place as soon as the financial funding comes from the Ministry of Finance, and it is expected that this will take place in the next few days.   https://ninanews.com/Website/News/Details?key=866041

Economic Expert For / NINA /: The Resettlement Of Industries In Iraq Will Contribute To Alleviating The Financial Crisis And Reducing Dependence On The Country's Oil Financial Revenue

Saturday 31, October 2020 09:38 | Economical Views: 106  Baghdad / NINA / Economic expert Raad Twig said that the return of businessmen and the resettlement of industries in Iraq alleviate the financial crisis that the country is going through.

Twig said in a statement to the Iraqi National News Agency ( NINA ): Some Iraqi businessmen have factories in Arab and foreign countries such as Jordan, China and Iran, and transferring these industries to Iraq or establishing similar industries will contribute to helping their countrymen reduce the financial crisis and employ a greater number of Manpower and bring more incomes to Iraqis, especially there is a large consumer demand in Iraq and an increasing human capacity. "

Twig called for "the return of immigrant minds and bringing projects to contribute to building their homeland, in addition to the return of immigrant capital owners to revive the economy, alleviate the financial crisis, get rid of the rentier economy, and reduce the dependence of the state's budget on oil revenues only." https://ninanews.com/Website/News/Details?key=866023

Egypt: Initial Agreement Between Cairo And Baghdad To Establish The "Oil For Reconstruction" Mechanism

Political  Saturday 31 October 2020 | 04:50 pm| Views: 36  Today, Saturday, the Egyptian government announced that it had been agreed in principle with Iraq to establish the "oil for reconstruction" mechanism.

A statement by the Egyptian Cabinet said today that Prime Minister Mostafa Madbouly delivered a speech at the main session of the joint Egyptian-Iraqi Higher Committee meetings in the Iraqi capital, Baghdad, in which he praised "what was agreed in principle on the importance of establishing the oil-for-reconstruction mechanism.

" The statement added that the mechanism is represented by "Egyptian companies implementing development projects in brotherly Iraq, in return for the quantities of oil that Egypt will import from Iraq."

"The establishment of this fund will contribute to doubling cooperation and enhancing the implementation of development projects on the beloved land of Mesopotamia," Madbouly emphasized. According to a statement by the Iraqi Council of Ministers, Iraqi Prime Minister Mustafa Al-Kazemi, who heads the Iraqi side in the meetings of the Egyptian-Iraqi Joint Higher Committee, said:

https://aynaliraqnews.com/index.php?aa=news&id22=140320

Representative Economics: Finance Told Us That It Spent 39 Trillion For Salaries In The Past Months!

14:45 - 10/31/20200  Information / Special ...The Parliamentary Economy Committee confirmed, on Saturday, that the Ministry of Finance informed the House of Representatives that it was 39 trillion dinars for salaries of the past months.

Committee member Mazen Al-Faily said in a statement to Al-Maalouma that “the statement by government spokesman Ahmed Mulla Talal regarding providing alternatives to secure employee salaries is surprising and unrealistic,” noting that “the amount of money provided in the borrowing law is large and unrealistic.”

He added that "the salaries of Kurdistan employees need one and a half trillion, but the government has put in the law deficit financing 3 trillion for the region," indicating that "the priority in the borrowing law is to finance salaries and there are other doors for disbursement are not important."

He continued, "The Ministry of Finance has informed the House of Representatives that it is the wool of 39 trillion dinars for salaries in the past months, and this is surprising."

Last Monday, the Parliamentary Economic Committee ruled out passing the fiscal deficit financing law submitted by the government during today's session.  https://www.almaalomah.com/2020/10/31/502733/

Finance Issued A Statement Regarding The Delay In Paying Salaries For The Current Month

Posted On 2020-10-31 By Sotaliraq  On Friday, the Ministry of Finance issued a statement regarding the delay in paying salaries for the current month of October, and while indicating that current revenues are insufficient to meet current expenditures, it confirmed that the government has no choice but to resort to short-term loans until the end of 2020.

"Last week, a number of public statements and inquiries were made regarding the delay in paying the salaries of the month of October, and this comes in the wake of the delay in paying the salaries of the month of September," the ministry said in a statement.

The statement added, "The Ministry of Finance has repeatedly confirmed that the government's current revenues, in light of low oil prices and Iraq's commitment to OPEC decisions related to reducing oil production, are insufficient to meet the government's current expenditures." Currently, monthly oil revenues are less than 50% of the government's current expenditures. We expect this situation to continue in the near future. ”

"To address structural imbalances in public finances, the Ministry of Finance has embarked on a three-pronged program to address short, medium and long-term issues that affect the Iraqi economy," he said.

The statement pointed out that “for the very short period, between now and the end of 2020, the Ministry of Finance does not see any option but to resort to short-term loans from government banks, which will then be deducted from the Central Bank. All other options, such as increasing revenues from customs, taxes, or levies from the electricity sector, are simply not possible in the short term.

Moreover, despite the need to rationalize and activate the generation of other non-oil revenues, such measures will not compensate, in the short term, for the shortage of oil revenues, given the structure of our economy.

He indicated that "all other procedures related to public sector payroll management require legislative approval before they are translated into spending cuts or revenue generation, and in this regard, there were a number of important issues that were raised."

The statement explained: “The ministry does not seek to increase the public debt unless it is necessary and its service is sustainable. Iraq's debt at the present time is not excessive compared to the size of its economy. Public debt in the world has grown tremendously over the past twelve months, to address the negative consequences of the Corona pandemic, pointing out that “Globally, public debt as a percentage of GDP is close to 100%.

In Iraq it is still less than 75% of GDP. However, the Ministry of Finance is aware of the need to be careful in the way the public finance deficit is financed.

The statement pointed out that "the Ministry of Finance was open and transparent regarding the state of public finances and issued accurate and timely information when requested by the House of Representatives." The Ministry is aware of the concerns that could arise as a result of delays in fulfilling government spending obligations.

The situation today is fundamentally different from previous periods, when public finances were under pressure due to low oil revenues. Not only did public spending grow rapidly in the past five years, but the decline in oil production and prices was longer and deeper than previous periods, in light of a difficult global economy.

He added: "The Ministry of Finance asked the House of Representatives to authorize it to borrow 41 trillion dinars for the remainder of the current year to meet the deficit in financing salaries and retirement payments, dues in 19 and 20, other expenditures and investment projects."

The statement stated that "the Ministry of Finance plans to introduce major reforms affecting public finances in the 2021 budget. If approved by the Council of Ministers and the House of Representatives, we believe that they will form the basis for addressing the economy issues in the medium term and rationalizing public finances during the period from 2021 to 2023." .

The ministry concluded its statement by saying: “The Ministry of Finance played a key role in leading the team that developed the White Paper. These aim to analyze the structural problems affecting the Iraqi economy and provide detailed solutions to solve them. This reform program aims to reorient the axes of the Iraqi economy. The reform program will require a great deal of legislative and institutional work and cannot be implemented without the support of Parliament.   LINK

Electricity Supply In Iraq Is Threatened To Stop At Any Moment

Energy  Economy News _ Baghdad  The Parliamentary Energy Committee revealed, on Saturday, a danger lurking about electrical energy in Iraq, as transformers are subject to sudden and emergency malfunctions, in exchange for not allocating any money for maintenance.

Committee member Sadiq Al-Sulaiti explained in a press interview, "The government has prepared a budget of 57 trillion and 811 billion Iraqi dinars for four months, with a financial deficit of 41 trillion, to be paid by borrowing, adding to it revenues estimated at 16 trillion dinars," indicating that "the prepared budget has not been allocated One dinar to maintain the electricity stations, which will remain vulnerable to emergency breakdowns.

Al-Sulaiti added that “the schedule allocated by the Ministry of Finance for the Financial Deficit Law included amounts for importing electric power, as well as sums to buy energy from investors in Rumaila and Basmah stations and the rest of the stations in very high amounts that overburdened the state and its budget, indicating that the finance allocated five trillions and a half trillion dinars to import and buy gas From the neighboring countries, most of them are dues for the years 2019/2020, meaning that the Ministry of Electricity will not benefit from them because most of them will go to the electricity station investors.

Al-Sulaiti called on the government and the Ministry of Finance to “amend this paragraph and allocate funds to the Ministry of Oil classified under the heading Maintenance and operation of power stations, especially diesel units whose cost of operation and maintenance is lower and give higher generation for the purpose of raising production capacity during peak periods in summer and winter, noting that the generation joint The diesel stations, whose stations are spread throughout the geographical area of ​​the country in the south and the center and in the northern regions, did not receive full attention, as despite their scarcity they give very good efficiency and are cheaper after the hydroelectric stations and compete with gas stations in their need for maintenance and fuel as they work with heavy fuel (HFO), which is the cheapest fuel and available in quantities Very big in the Ministry of Oil. ”

Scandalous electricity secrets

Yesterday, a report of the Board of Financial Supervision broke into the loopholes contained in contracts for the purchase and supply of electricity with different countries and companies in Iraq.

Car company contract to supply Nineveh ... subject to a 6-fold high price

The report shows that “the Ministry of Electricity bore the bills for transporting fuel from the refineries to the stations, which were provided by the Car Company.

The energy cost of this company is considered the highest price, as it ranged between (193 to 264) dollars per megawatt hour, while the megawatt hour is purchased from the rest of the stations at a price ranging between (32 to 47) dollars, and the Ministry of Electricity was not committed to re-negotiating with the company to reduce the energy price, contrary to the decision of the Council of Ministers issued on 4/22/2019, and fuel prices were (6) times the energy purchase price, and the amount of fuel needed for operation has not been determined, which allowed the company Equipped with quantification.

Iranian Tafanir Company (Iranian Line) 

The ministry has concluded several contracts since 2006 with the company, and the price of energy purchase is based on the monthly price of oil in the OPEC basket, so that the price is not less than (55) dollars in the event of a decrease in oil prices and not more than (100) dollars in the event of high prices and the cost of energy imported from the company is For the period from (2017 to 2019), at $ 1.441 billion.

The amount of energy purchase is sufficient to develop the stations and prevent imports ... and the Ministry "refuses"

According to the report, the Ministry ignored the study submitted by the Department of Energy Production in (2018) which showed that in the event that the Ministry provided an amount for the purchase of equipment and maintenance of national stations at a value of (4.435) billion dollars and transferred it to work from the simple cycle to the combined cycle, it will produce more energy than the imported energy.

And purchased from investment stations at a rate of (5806) megawatts in addition to reducing the consumption of fuel used in the stations and preserving the environment, noting that this amount is spent only once, while an amount of (3.337) billion dollars is disbursed annually, subject to increase in favor of investment stations and neighboring countries, knowing that it reached The Ministry's allocations during the year (2019) amount to (13.375) trillion dinars.

Refusing a cheap national contract and choosing a foreigner is 7 times more expensive!

The report indicated that the ministry also ignored the study submitted by one of its departments to convert the stations (Shatt al-Arab, Rumaila and Amara) to operate in the combined cycle at a cost of $ 1.325 billion within 15 years, and it contracted with investors for those stations for a period of 15 years at a value of (9,826). One billion dollars, 7 times more than the national effort.

Neglecting the Nasiriyah station and choosing to buy energy from the stations that are doubly expensive

The national thermal stations suffer from negligence and lack of maintenance, as some of them have not been maintained since 2002, such as the Nasiriyah Thermal Station, which needs $ 200 million to be rehabilitated according to the Ministry’s opinion. The cost of producing a megawatt hour from that station is $ 15, while the cost of buying it ranged. From investment terminals from (32 to 264) dollars.

The Ministry of Electricity bore the costs of fuel spent by companies and the electric energy bills used by companies within their production units, while the report also showed the decrease in the energy produced from the national effort during the last three years in exchange for increased purchases from investors.

The office recommended resorting to rehabilitating thermal stations and the national effort instead of contracting with investors for long periods as it leads to the depletion of state resources.

Number of observations 152 Date of addendum 10/31/2020  https://economy-news.net/content.php?id=22469

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

Kitco News and Pimpy Saturday PM 10-31-2020

$100 silver price: when and why we will see it – David Morgan

Kitco News:  Oct 26, 2020

Gold and silver have always held a close correlation with each other, with silver usually outperforming gold in bull markets, as it did this year.

Assuming a $4,000 gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100 by the time gold doubles in value, said David Morgan of TheMorganReport.com.

“The last time we had that run in silver in 2011, we’ll look at something similar, so at that time it got to about 33 to 1, so if we $4,000 gold and we use a ratio of 40 to 1, that says $100 silver. Is that out of the question? I don’t think so.

I actually forecasted that price back in 2003 when silver was under $5, so I think we’ll see that,” Morgan said. “I’m not saying next year, but we’ll see that.”

https://youtu.be/CvvHKpLVLf4?t=2

Iraqi Dinar News 10/31/20 - looking good

Pimpy’s Investment Chat:  Oct 31, 2020

https://youtu.be/nzbDcQHEjCw?t=8

The Atlantis Report and PIR 10-31-2020

Atlantis Report

Major Banks & Hedge Funds start Shorting the Dollar -- The Mother of all Trades -- Got Gold?

Premiered 3 hours ago

Major Banks & Hedge Funds start Shorting the Dollar -- The Mother of all Trades -- Got Gold? It is getting dicier by the day and looks as if everything is about to fall apart.

America is headed for tough times. The same could be said for most of the world. An old order is fading because what cannot go on forever won't.

Get ready for the biggest collapse in human history. The Fed is preparing to extend its bond-buying program. Parabolic debt expansion.

We did not boom the economy; we boomed the debt. Massive debt to keep the market up. More stimulus to add to the more national debt. The trade deficit is ballooning, with no end in sight.

The dollar has come under increasing pressure since late March after the Federal Reserve pledged unlimited liquidity to support an economy hurt by the coronavirus pandemic. Interest rates are at 0% and can't be lowered to provide easy money (If they go negative, banks take from your savings).

A few people have all the money, and everyone else gets by on debt. Real unemployment is still very high. Less money is being spent globally, with the exception of online retail.

Dividend-paying stocks now the only game in town.

For the full transcript go to https://financearmageddon.blogspot.com

https://youtu.be/eaudT5-euWg?t=6

PIR 10 30 20 Special with Laura Walker

Oct 30, 2020

Thoughts on take down of the deep state, a new renaissance period and much more………

https://www.youtube.com/watch?v=gmdFzJPoD7M

Scary Stuff

Scary Stuff

Jonathan Clements  |  October 31, 2020

IT’S HALLOWEEN, but not much frightens me—at least financially. My portfolio is broadly diversified, I have the insurance I need, and I have enough set aside for retirement. The highly improbable could happen, but I’m not going to lose sleep over that.

Still, even for those of us in decent financial shape, I see two key reasons for concern. We have no control over either—which is why they might seem scary—but we can take steps to limit the potential fallout.

Rising rates. I’m not forecasting a sharp increase in interest rates. But if that came to pass, not only would bonds take it on the chin, but also we could see grim short-term stock market returns.

U.S. stocks have spent much of the past three decades at what was once considered nosebleed valuations. The long decline in interest rates is a key reason. As the yields on bonds and cash investments have fallen since the early 1980s, investors have become increasingly willing to buy stocks, and that’s driven up price-earnings multiples.

On top of that, U.S. stocks have been nudged higher by two other factors. Corporate tax rates have fallen sharply in recent decades, while company profit margins have been at historically high levels. But these tailwinds could become headwinds: Interest rates might climb, corporate tax rates could rise and profit margins may narrow further.

Still, I think there are two reasons to believe stocks will continue to sport above-average price-earnings multiples. First, as the world has grown more prosperous, investors have more money to invest and an increased appetite for risk, and that’s led them to buy stocks.

Second, today’s big technology companies—as well as other businesses focused on building intellectual capital—almost inevitably look overpriced based on standard market yardsticks, and that’s affecting average valuations for the broad market indexes. What’s the issue? Current accounting standards punish the earnings of companies that spend heavily on research and development, while the intangible assets that often result typically don’t appear on corporate balance sheets.

To continue reading, please go to the original article here:

https://humbledollar.com/2020/10/scary-stuff/

Weird Stuff Tonight… 2020 Halloween Stats!

 Weird stuff tonight… 2020 Halloween Stats!

Posted on October 31, 2020

Today is Halloween!

FOX 46 Charlotte

SPECTACULAR  It hasn’t happened in decades! For the first time since the 1940s, Halloween will receive some spooky ambiance from a full moon this year. Thanks to Myles Gelbach Photography for sharing   MORE https://bit.ly/2HSMBKb

And there’s some weird stuff going on tonight…

– There’s a full moon tonight! This hasn’t happened on Halloween since 1944. So cool!

– Despite the pandemic and huge financial difficulties, Americans will still spend $8.05 Billion this year on Halloween decorations, candy, and costumes. 

– 53% of people plan to decorate their homes this year (although only 4% of people plan to walk around and admire other people’s houses)

– 18% of all pets will wear costumes tonight. That’s roughly 33 million dogs and cats who will have funny photos posted on FB and Insta tonight!

– 72% of parents plan to steal their kids candy after they fall asleep tonight.

– Silly string is still banned in Hollywood… Except the penalty for using silly string has now risen to $1023, because of inflation.

– 12% of people will dress in a superhero costume tonight.

– President Trump plans to go as Batman. Melinda will be dressing as Princess Elsa.

– The White House is still holding their annual trick-or-treating party where all of the house-maids, gardeners and security guards will come and ring the front door bell and yell “trick or treat”! Last year, Trump ran out of candy to give out so a couple of the staff members decided to play a trick… They let off a big fart bomb in the white house ball room and it took 3 days to get the smell out! Trump was not happy… But since everyone was in costume, they never caught the culprits and they still work today. Rumor has it they are planning another prank tonight!

Happy Halloween, y’all! Have fun whatever you get up to!

– Joel & Coops

To continue reading, please go to the original article here:

And here are last year’s 2019 stats if you’re interested

http://5amjoel.com/weird-stuff-tonight-2020-halloween-stats/

Tidbits from TNT Saturday Afternoon 10-31-2020

TNT:

Crileyhome:  PLEASE SCROLL DOWN TO SEE (Underline and bold) ABOUT EXCHANGE RATE . The increase in the exchange rate and listed on Forex is required to allow the other reform elements to take place and be completed. 

UPDATED Iraq adopted the White Paper for October 2020 Economic Reform

 The Iraqi government has formally adopted the White Paper for Economic Reforms prepared by the Crisis Cell for Financial and Fiscal Reform.

The White Paper seeks to put Iraq’s economy on a path that allows the state to take appropriate steps in the future to develop it into a diversified, dynamic economy. Dr. Ali Allawi, Deputy Prime Minister and Minister of Finance  

The White Paper is a comprehensive programme that sets out a clear roadmap to reform the Iraqi economy and address the accumulated, decades-old serious challenges that confront it.

Iraq’s Deputy Prime Minister and Minister of Finance, Dr. Ali Allawi said that the White Paper seeks to put Iraq’s economy on a path that allows the state to take appropriate steps in the future to develop it into a diversified, dynamic economy that creates opportunities for citizens to live a decent life.

And although the current severe fiscal crisis that Iraq is going through is related to the recent sharp decline in oil prices and to the repercussions of the Coronavirus pandemic, the White Paper makes it clear that the causes of Iraq’s economic and financial woes date back several decades.

The White Paper identifies the expansion of the role of the state as a key cause of the crisis.

The roots of the crisis

The White Paper provides a detailed outline of the factors that have distorted the Iraqi economy, undermined its capacity to provide a decent life for large number of Iraqis, and its failure to keep pace with the economic developments that the world has witnessed.

The expansion of the role of the state

The White Paper identifies the expansion of the role of the state and emergence of a command economy in Iraq as a key cause of the crisis.

From the nationalisation of vital economic sectors in 1970s, to the commandeering of all economic levers by the state to support the war effort in the 1980s, through the period of  sanctions imposed on Iraq in the 1990s, these shocks, as well as the absence of strategic planning, mismanagement, maladministration, patronage and misguided political ideology, all led to an expansion of the role of the state in all aspects of economic life in Iraq.

The Iraqi economy continued to be directed by the state after the events of 2003 because of the failure of the new political system to create a free and diversified modern economy as outlined in Iraq’s Constitution, and instead continued to rely on the state as the almost only driver of economic activity in the country.

The expansion of the role of the state, and the associated increase in the number of those employed in the public sector and the cost to Iraqi exchequer of their salaries and pensions, came at the expense of the government’s ability to invest in basic infrastructure in Iraq.

To illustrate the point, the White Paper points out that from 2004 to 2020, state expenditure on the salaries of civil servants and on public sector pensions increased by 400% in real terms, as the total number of public sector workers during the same period increased by threefold.

The cost of salaries and pensions of public sector workers is expected to be around 122% of Iraq’s oil revenue in 2020. The White Paper for Economic Reforms

And between 2006 and 2018, average public sector salaries increased by 134%, more than the increase in labour productivity, which rose by only 12%, or the cost of living, which rose by 28% during the same period.

Over the past 17 years, government spending on the salaries of state employees, and on public sector pensions became the fastest growing expenditure item in Iraq’s successive federal budgets during this period.

There are currently around 4,500,000 public sector employees and 2,500,000 pensioners.

Decline of the private sector

The expansion of the state’s role, in addition to the complex administrative system and the state’s weakness in imposing the rule of law, the militarisation of society, and the influence of non-governmental actors in public institutions, led to the decline of the Iraqi private sector.

With the exception of a number of small and medium-sized companies operating in the oil and telecommunications sectors, and very small companies operating in the fields of trade, retail, transport, construction, hospitality and textiles, there is almost a complete absence of private sector companies in manufacturing.

In addition, most of the larger private sector companies depend on providing services to the state and on government contracts.

The White Paper also identified other factors that led to the deteriorating economic situation in Iraq is, most notably:

The collapse of oil revenues

The impact of Covid-19

Mismanagement and lack of planning

The weakness of financial institutions

The absence of modern coherent systems for managing state revenues

An ineffective and outdated banking sector

Complex and antiquated government procedures

Destruction of infrastructure and the costs of the war against Daesh terrorists

Two strategic goals 

The White Paper identifies two overarching strategic objectives. The first is to initiate an immediate reform programme to address the budget deficit to create a fiscal space to give time for the process of implementing the other wider reforms over the medium term.

The second objective is to put the economy and the federal budget on a sustainable path, after which Iraqis can decide and choose the economic direction of the country.

The White Paper anticipates that the short and medium-term objectives and associated reforms will require between 3 to 5 years to implement.

The reform pillars

The White Paper identified five key pillars for the reform programmes:

1- Achieving sustainable financial stability

Key reforms include:

Reducing the deficit from 20% to 3% of GDP and expenditure on salaries from 25% to 12.5% of the federal budget

Collecting electricity tariffs from all users based on the real price of fuel on global markets

Recovering and returning Iraq’s smuggled and stolen money

Increasing revenues from customs and taxes

Reforming Iraq’s Pensions Fund and move to gradually end federal budget support

Reforming financial management systems

Reviewing the current exchange rate of the dollar against the dinar

2- Implementing strategic reforms and creating sustainable job opportunities

Key reforms include:

Modernising and rehabilitating the financial sector

Modernising and rehabilitating the banking system, supporting the development of private banks, reforming government banks and introducing and activating the Core Banking System in Al-Rafidain and Rasheed Banks

Expediting the development of e-banking services

Establishing new trading markets, such as a commodity market and a currency exchange market (Forex)

Supporting the sectors that drive the economy, such as agriculture, oil and gas

Introducing a private sector support fund, simplifying procedures, and providing other non-financial aid

Creating job opportunities in the private sector and supporting small and medium enterprises

Adopting a national strategy for education and training that links educational outcomes with the future need for the labour market

3- improving basic infrastructure

Building Iraq’s digital infrastructure is a key aim of the White Paper.

Key reforms include:

Increasing the effectiveness and improving the performance of all parts of Iraq’s electricity sector

Developing Iraq’s digital infrastructure, including the introduction of advanced technology (4G) at the beginning of next year, and preparing for the introduction of (5G) technology

Modernising the legal and regulatory framework of the transport sector, and encourage private investment in transport

Developing industrial cities and free zones in Iraq

4- Providing basic services and protecting vulnerable groups during and after the reform process

The reforms aim at establishing a unified and financially sustainable pension system for all Iraqis whether they are working in the public, private, cooperative or mixed sector. The White Paper for Economic Reforms

Key reforms include:

Improving water supply for both drinking and irrigation and complete sanitation projects and networks

Building 1,000 new schools during the period of the reform programme

Reforming the social security system

Establishing a unified and financially sustainable pension system for all Iraqis whether they are working in the public, private, cooperative or mixed sector

Completing and implementing the draft health insurance law to ensure that all Iraqis have access to essential health services

5- Improving governance and introducing changes to the legal framework to enable institutions and individuals to implement reforms

Reviewing and amending the official guidance in relation to government contracts

Introducing e-governance systems to strengthen oversight of government contracting and the collection of taxes and customs

Working with specialist investigative international organisations to return the large sums of money smuggled out of Iraq

Introducing an electronic governance system in the field of government contracting and tax and customs collection

Completing the project establishing the National Information Centre to facilitate the introduction of government e-services to citizens, and automate the procedures for obtaining key documents  such nationality and passports and accessing pensions and social security

Introducing electronic signature and transactions throughout the public administration system and phasing out paper transactions

A detailed implementation plan of White Paper will be published later to outline the required process, identify key stakeholders and establish timelines and monitoring mechanisms.

 https://twitter.com/IraqiGovt/status/1319273340977119233

https://gds.gov.iq/iraqs-white-paper-for-economic-reforms-vision-and-key-objectives/ 

Mot:  A rare blue Moon lights up mostly clear skies tonight! ~~~~~~

A rare blue Moon lights up mostly clear skies tonight! Despite all the creative Halloween full Moon pictures, a full Moon occurring on Halloween only happens every 18 to 19 years.

A Halloween Blue Moon in October 2020

The next Halloween full Moon occurs this year! We’ll see two full Moons this October: the first occurs on Thursday, October 1, and the second occurs on Saturday, October 31. Halloween’s full Moon will be extra special, since it will be the second of the month and, therefore, a “Blue Moon.”

October’s first full Moon will be called the Harvest Moon, while the second will be the Hunter’s Moon. If you prefer a more creative name, you could call this special full Moon the “Hunter’s Blue Moon on Halloween.”

See info: https://www.almanac.com/halloween-moon-whats-moon-phase-halloween?fbclid=IwAR2hOlgOLIY2K_aCm9bQvFKtdgUKRtlL0GhPzrGFGxx_KnwIgUoUSmpoTEw

https://www.youtube.com/watch?v=v0fy1HeJv80

Iraqi News Saturday AM 10-31-20

Iraqi News Saturday AM 10-31-20

TLM724 Administrator BondLady’s Corner

Iraq and The Silk Road Economic Belt

Friday, October 30, 2020  29  Baghdad: the pillar of the emirate  In 2013, China announced a cooperation initiative between it and the countries of Central Asia under the name of the Silk Road Economic Belt, which would form close economic ties and strengthen cooperation in the Eurasian region.

The specialist in economic affairs, Dr. Abdul Karim al-Issawi, said that Iraq’s position in the Belt and Silk Road initiative is distinguished. From recent history, the initiative included the old East Express train line from Baghdad to Berlin via Istanbul in the days of the Ottoman Empire, and at that time Germany wanted to reach the Gulf.

But the competition ended after the defeat of Germany in the First World War and the line was turned to Britain, and in the new millennium the large port of Faw will represent the new Chinese East Line connecting Eurasia as a free trade zone.

Economic relations

Al-Issawi stated that the economic relations between Iraq and China are not a product of the past few years, but rather go back to the year 1958, when diplomatic representation was established between the two parties, and the process of concluding formal agreements in the field of economic, scientific and technical cooperation was delayed. 2003, as the first agreement between Iraq and China, which is an agreement for economic, scientific and technical cooperation, which was held in Beijing in 1981 and is no longer valid, then the agreement on economic and technical cooperation was also held in Beijing in 1997 and it is in effect Effect ".

Belt initiative

Al-Issawi pointed out that, "In the year 2015, the regional structure of the Belt and Road Initiative was presented at a conference held in (Chu Nafcheng), China, as the Chinese Deputy Prime Minister presented the concept of economic corridors as the guarantee for this initiative, and six corridors were announced: the Chinese, Russia, Mongolia and the Eurasian region. New, the sea bridge, central and western Asia, China, the Chinese Indian peninsula, China and Pakistan And China.

He stressed, "Pakistan has handed over the port of Gwadar to China, as it is close to the port of Hormuz and the port of Aden to the Red Sea, Myanmar, Bangladesh, India, and these corridors have defined the Belt and Road Initiative to reach the Indian Ocean and the region." Asian ".  LINK

The Ministry Of Finance Issues A Detailed Statement On The Economic Situation ... To Choose Only Short-Term Loans

Time: 10/30/2020 16:50:52 Read: 8,541 times  {Baghdad: Al Furat News} On Friday, the Ministry of Finance issued a detailed statement on the country's economic situation.

In a statement, the Euphrates News Agency received a copy of it today, "Last week, a number of public statements and inquiries were made regarding the delay in paying the salaries of the month of October. This comes in the wake of the delay in paying the salaries of the month of September."

According to the statement, the financial statement repeatedly emphasized that the current government revenues, in light of low oil prices and Iraq's commitment to OPEC decisions related to reducing oil production, are insufficient to meet the government's current expenditures. At present, monthly oil revenues are less than 50% of the government's current expenditures. We expect this situation to continue in the near future.

"To address structural imbalances in public finances, the Ministry of Finance has embarked on a three-pronged program to address short, medium and long-term issues that affect the Iraqi economy," she said.

And she continued, "For the very short period, between now and the end of 2020, the Ministry of Finance does not see any choice but to resort to short-term loans from government banks, which will then be deducted from the central bank. All other options, such as increasing revenues from customs." Or taxes or levies from the electricity sector, simply not possible in the short term.

Moreover, despite the need to rationalize and activate the generation of other non-oil revenues, such measures will not compensate, in the short term, for the shortage in oil revenues, given the The structure of our economy All other measures related to public sector payroll management require legislative approval before they are translated into spending cuts or revenue generation. ”

In this regard, there were a number of important issues that were raised.

First, the ministry does not seek to increase the public debt unless it is necessary and its service is sustainable. Iraq's debt at the present time is not excessive compared to the size of its economy. Public debt in the world has grown tremendously over the past twelve months, to address the negative consequences of the Corona pandemic. Globally, public debt as a percentage of GDP is close to 100%. In Iraq it is still less than 75% of GDP. However, the Ministry of Finance recognizes the need to be prudent in the manner in which the fiscal deficit is financed.

Second, the Ministry of Finance was open and transparent regarding the state of public finances and issued accurate and timely information when requested by the House of Representatives. The Ministry is aware of the concerns that could arise as a result of delays in fulfilling government spending obligations.

The situation today is fundamentally different from previous periods, when public finances were under pressure due to low oil revenues. Not only has public spending grown rapidly in the past five years, but the decline in oil production and prices has been longer and deeper than in previous periods, in light of a difficult global economy.

Third, the Ministry of Finance asked the House of Representatives to authorize it to borrow 41 trillion dinars for the remainder of the current year to meet the deficit in financing salaries and retirement payments, dues in 19 and 20, other expenditures and investment projects.

The Ministry of Finance plans to introduce major reforms affecting public finances in the 2021 budget. If approved by the Council of Ministers and the House of Representatives, we believe that they will form the basis for addressing the economy issues in the medium term and rationalizing public finances during the period from 2021 to 2023.

The Finance Ministry played a key role in leading the team that put together the white paper. These aim to analyze the structural problems affecting the Iraqi economy and provide detailed solutions to solve them. This reform program aims to reorient the axes of the Iraqi economy. The reform program will require a great deal of legislative and institutional work and cannot be implemented without the support of Parliament   LINK

A Proposal To Amend The Unified Pension Law

Saturday, October 31, 2020  179   Baghdad: Morning  The House of Representatives collected the signatures of more than 60 deputies to add a proposal to amend the retirement law The Consolidator.

Deputy Abdul Hadi al-Saadawi, from the State of Law coalition, a member of the Finance Committee, said: “The Presidency of Parliament

I agreed to include the amendment proposal in the retirement law and referred it to the Financial Committee for study. ”He pointed out that“ the proposal is to establish a division in every body, institution, ministry, or entity not linked to a ministry that is concerned with organizing retirement transactions for the employees of the entity associated with it and sent to the General Retirement Authority to limit its work On issuance of retirement identity Just".

Al-Saadawi said that «this proposal would facilitate the transactions of retirees and end the routine that continues for many months», adding that «the proposal to amend the law does not carry any financial setback, but falls within the organizational and procedural matters, thus contributing to raising the suffering of the auditors to the Pension Authority the public".   LINK

Al-Araji to Blashardt: The government's directives were a road map to deal with citizens' demands (expanded)

Time: 10/31/2020 15:37:29 Read: 663 times  (Baghdad: Al Furat News) The National Security Adviser, Qassem Al-Araji, discussed, on Saturday, with the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennes Blasshardt, to strengthen the growing cooperation between Iraq and the United Nations in the areas of human rights.

The media office of the National Security Adviser said in a press statement that "during the meeting, they discussed strengthening the growing cooperation between Iraq and the United Nations in the fields of human rights, in addition to discussing files and issues that promote societal peace and fraternal coexistence among the components of the Iraqi people."

The statement quoted Blashardt as saying that "the current stage has witnessed a clear difference in dealing with the demonstrations, and a significant difference from the previous year," expressing "her deep satisfaction for the security forces' treatment of the demonstrators with all professionalism and humanity."

For his part , al - Araji , confirmed the statement said, " The government directives headed by Kazmi, the road map to deal with the demands of citizens and understand their message", praising the cooperation of the demonstrators and their desire to return life to normal capital Baghdad center. "   LINK

New Instructions To Regulate Foreign Labor And Investment

Saturday, October 31, 2020 91  Baghdad: Nassar Hajj  The Labor, Social Affairs, Immigration and Migration Committee confirmed the existence of new instructions to regulate the files of foreign labor and investment.

Committee member Hussein Arab said to “Awa”: “The foreign employment and investment files are part of new instructions that the Labor Committee works with the Ministry of Labor and Social Affairs on them,” noting that “these two files will contribute to reducing unemployment and providing job opportunities for youth.”

He added that "there are many proposals related to the file of foreign workers, as well as the employment file," noting "the existence of controls and instructions related to this file at the Ministry of Labor and Social Affairs and the Parliamentary Labor Committee to limit the issue of employment and provide job opportunities for Iraqi youth for the next period."

He added that "there is a new file that has become among the priorities of the Ministry of Labor and Social Affairs related to the work of companies developing the initiatives of the Central Bank of industrial cities and the Iraqi labor market," stressing that "the Ministry of Labor has started this file, and there will be measures to provide job opportunities for all sectors."   LINK

Prime Minister Mustafa Al-Kazemi And His Egyptian Counterpart, Mr. Mustafa Madbouly, Chair The Discussions Of The Delegations Of The Iraqi And Egyptian Governments

The Prime Minister, Mr. Mustafa Al-Kazemi, and his Egyptian counterpart, Mr. Mustafa Madbouly, chaired today, Saturday, the discussions of the delegations of the Iraqi and Egyptian governments regarding the work of the Joint Iraqi-Egyptian Higher Committee.

At the outset of the meeting, Mr. Al-Kazemi praised the brotherly relations between the two countries, and Iraq's desire to develop them to the level of strategic relations that serve the interests of the two countries, and also praised Egypt's position in support of Iraq in its war against the terrorist organization ISIS.

Mr. Al-Kazemi expressed his happiness for Baghdad to host the work of the joint Iraqi-Egyptian Higher Committee, where a number of agreements will be signed in the fields of transport, health, energy and electricity, and cooperation in the scientific, technical and cultural fields.

His Excellency stressed the importance of benefiting from the Egyptian experience in the housing and construction sector, calling on Egyptian companies to participate in the reconstruction of the liberated areas.

The joint Iraqi-Egyptian High Committee started its preparatory work in the capital, Baghdad, last Wednesday, October 28, with the participation of a number of ministers from the two countries, in the sectors that are under discussion and cooperation.

The talks focus on discussing strengthening cooperation between the two countries, in many sectors, especially economic and investment, in a way that contributes to the advancement of the level of bilateral relations between the two countries.  The Media Office of the Prime Minister, October  31, 2020    https://pmo.iq/press2020/31-10-202003.htm

Iraq's Oil Exports To America Exceed 3 Million Barrels Within A Month

Energy  Economy News _ Baghdad The US Energy Information Administration announced, on Saturday, that Iraq's exports of crude oil to America amounted to 3 million 618 thousand barrels during the month of October.

According to a management schedule reviewed by Al-Iqtisad News, "Iraq exported crude oil to America during the first week of October, 343 thousand barrels, at a rate of 49 thousand barrels per day, while one million and 798 thousand barrels were exported in the second week at a rate of 114 thousand barrels per day, while A quantity of one million and 337 thousand barrels was issued in the third week, "noting that" the fourth week witnessed the export of 679 thousand barrels at a rate of 97 thousand barrels per day. "

The American Personnel Information Administration stated that "Iraq came in sixth place after Canada, Mexico, Saudi Arabia, Ecuador and Colombia, and the second place in the Arab world after Saudi Arabia, whose exports to America during the month of October reached 9 million and 485 thousand barrels," indicating that "Canada came first as the most countries. An oil exporter to America, followed by Mexico.

It indicated that "Iraqi exports for the month of October increased from the previous month of September, in which exports reached 3 million and 17 thousand barrels."

America is the world's largest consumer of oil, as it ranked first, with a consumption amounting to 19.4 million barrels per day, which constitutes 19.7% of the global consumption.

Number of observations 113 Date of addendum 10/31/2020  

https://economy-news.net/content.php?id=22468

Expected Amendments To The Laws On Fines And Fees For Real Estate, Wheels And Others

Money   and business  Economy News _ Baghdad  On Saturday, the Federal Integrity Commission called on the Baghdad Municipality to adopt a unified form for collecting fees and wages. To prevent violating the law and exceeding the specified powers.

The authority recommended the secretariat to issue a unified form for the payment of fees (profession, advertisement, and waste removal fees) in accordance with the laws and instructions in force, and to circulate it to all municipal departments. In order to work according to it and prevent it from using something else.

The Authority’s Prevention Department indicated, in a report, about the visits that its team had made to Al-Karkh Municipality: To investigate and verify the validity of the issuance of a book by the department in terms of its conformity with the provisions of the Municipal Revenue Law No. (130 of 1963) and the Government Debt Collection Law No. (56 of 1977), until the department issued the book and sent it to several parties, despite the fact that it is an incorrect procedure.

The report, a copy of which was sent to the office of the Mayor of Baghdad, explained that the Al-Karkh Municipality directs the book to the directorates of real estate registration, public traffic, passports and travel to place the sign of seizing the property and vehicle and banning travel, despite the fact that it is not concerned with this matter, which is one of the powers of the legal department in the Baghdad municipality according to Government Debt Collection Law No. (56 of 1977).

He added that the aforementioned book included expressions that have no basis in the law, including the need to pay within a maximum period of (48) hours from the date of notification of the warning. Otherwise, all legal measures will be taken, including seizing movable and immovable funds based on the government debt collection law, while the article The third of the aforementioned law stipulates that “if the debtor delays paying any of the sums mentioned in Article 1 at the appointed time, the employee authorized to apply the law must warn him that the debt must be paid within ten days.”

The report indicated that the municipality of Al-Karkh pledged to adopt a model that avoids the errors indicated with regard to directing the (warning) books, noting that the model to be approved was previously approved by the municipality. Number of observations 242 Date of addendum 10/31/2020   https://economy-news.net/content.php?id=22473

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

Delta and KTFA Members Saturday 10-31-2020

KTFA:

DELTA:   Central Bank of Iraq launches electronic platform for letters of guarantee

DELTA: WHEN CBI TALK WE LISTEN…..VERY IMPORTATNT STEP.....BEFORE GOING GLOBAL......IMO…..THEY ALSO HAVE AN INSTRUCTION VIDEO FROM CBI ON HOW TO USE IT….

"650 instead of 850 dinars" Oil: The decision to reduce the price of improved gasoline will be implemented at the beginning of next month… Central Bank of Iraq: Issues an explanation about its relationship with the salaries of state employees. Bank spokesman Isser Jassim "There is no connection between the central bank and the salaries of the employees,"  the "salaries" file is a purely governmental matter and is in its own hands."  "The bank's currency is not related to salaries and the financial relationship between the government and the bank is to supply it with dinars exclusively," he said.

DELTA: ALSO .......THEY DID REPORT IN IRAQIA TV THAT WHITE PAPER WAS DONE BY US ......... AND THEY SAID BY US HELPING IRAQ WILL MAKE INTERNATIONAL COMMUNITY SUPPORT IRAQ……SO AS WE TOLD YOU IN THE PAST THE US DEVALUE THE IQD AND THEY WILL RI BACK FOR IRAQ……
CBI TOLD US VIA NEW GOV ....HE IS GOING TO MAKE NATIONAL CURRENCY STRONGER....... 
DELTA

Clare:  POSTING FOR FRANK

Western sources:
IRAN sent a message to US, through a 3rd party, offering PEACE negotiations with ISRAEL, that could include Iraq and Lebanon

Iran's suggestion: Lifting of sanctions in exchange of recognition of pre-1967 Israel

No response from US to Iran yet, as per sources

— Mudar Zahran مضر زهران (@Mudar_Zahran) October 30, 2020

Kiowa:  I believe Frank told us to look for this...

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Samson:  A Former Deputy Accuses Al-Halbousi Of Stealing 800 Billion Dinars

31st October 2020

Former member of Parliament, Ali Al-Sajari, accused Parliament Speaker Muhammad al-Halbousi of stealing 800 million dinars from the reconstruction funds for Anbar.

Al-Sajri said in a tweet on Twitter, "Al-Ajji brags to our people in Anbar that he is the leader of the reconstruction campaign, and we do not deny the paving and enlightening of the streets, the middle carrots and the dyeing of the sidewalks."

He added, "The question is that all these actions do not cost more than two hundred billion to implement Korean companies." He asked, "Where are the remaining trillion dinars that the governorate received in 2019." "It means 800 billion thefts," he said.   LINK

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Samson:  Iraq's oil exports to America exceed 3 million barrels within a month

31st October, 2020

The US Energy Information Administration announced, on Saturday, that Iraq's exports of crude oil to America amounted to 3 million 618 thousand barrels during the month of October

According to a management schedule reviewed by Al-Iqtisad News, "Iraq exported crude oil to America during the first week of October, 343 thousand barrels, at a rate of 49 thousand barrels per day, while one million and 798 thousand barrels were exported in the second week, at a rate of 114 thousand barrels per day, while A quantity of one million and 337 thousand barrels was exported in the third week, "noting that" the fourth week witnessed the export of 679 thousand barrels at a rate of 97 thousand barrels per day

The American Personnel Information Administration stated that "Iraq came in sixth place after Canada, Mexico, Saudi Arabia, Ecuador and Colombia, and the second place in the Arab world after Saudi Arabia, whose exports to America during the month of October reached 9 million and 485 thousand barrels," indicating that "Canada came first as the most countries. An oil exporter to America, followed by Mexico

It indicated that "Iraqi exports for the month of October increased from the previous month of September, in which exports reached 3 million and 17 thousand barrels

America is the world's largest consumer of oil, as it ranked first, with a consumption amounting to 19.4 million barrels per day, which constitutes 19.7% of global consumption  LINK

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Economist: The White Paper Will Not Cover Expenses And Salaries Because Corruption Is Greater Than It

31st October, 2020
An economic situation hangs over Iraq that is considered very bad in the current year.

One of the government proposals headed by Mustafa Al-Kazemi was to present the proposal of a "white paper" as a plan for economic reform in Iraq to include "hundreds of measures to revive the economy", and to invest "the country's vast resources" in the "scientific way."

As for the spokesman for the Iraqi Prime Minister Ahmed Mulla Talal, he says that the white paper “will consist of 100 pages, and the period of implementation is supposed to be (3-5) years, which will push the country towards the better and achieve greater investment opportunities." And the economist, Majid Al-Suri, speaks to Al-Mustaqila and says that the governments that have succeeded in running the country since 2003 came with many economic mistakes that in turn led to what we are.

Al-Suri comments on the "white paper" that it stresses the issue of rationalizing government spending and restructuring the construction of salaries.

And he added, "No matter how expanded the revenues, they will not be able to cover operational expenditures, which they consider to be the biggest corruption in the country." Applied.  LINK

Samson: Electricity supply in Iraq is threatened to stop at any moment

31st October 2020

The Parliamentary Energy Committee revealed, on Saturday, a danger lurking in the electrical energy in Iraq, as the transformers are subject to sudden and emergency breakdowns, in exchange for not allocating any money for maintenance

Committee member Sadiq Al-Sulaiti explained in a press interview, "The government prepared a budget of 57 trillion and 811 billion Iraqi dinars for four months, with a financial deficit of 41 trillion, to be paid by borrowing, adding to it revenues estimated at 16 trillion dinars," indicating that "the prepared budget has not been allocated one dinar to maintain the electricity stations, which will remain vulnerable to emergency breakdowns

Al-Sulaiti added that “the schedule allocated by the Ministry of Finance for the Fiscal Deficit Law included amounts for importing electric power as well as sums to buy energy from investors in Rumaila and Basmajah stations and the rest of the stations in very high amounts that overburdened the state and its budget, indicating that the finance allocated five trillions and a half trillion dinars to import and buy gas Most of the neighboring countries are entitled to dues for the years 2019/2020, meaning that the Ministry of Electricity will not benefit from them because most of them will go to the investors of the power stations

Al-Sulaiti called on the government and the Ministry of Finance to “amend this paragraph and allocate funds to the Ministry of Oil classified under the heading Maintenance and operation of power stations, especially diesel units whose cost of operation and maintenance is lower and gives higher generation for the purpose of increasing production capacity during peak periods in summer and winter, noting that the generation joint the diesel stations, whose stations are spread throughout the geographical area of ​​the country in the south and the center and in the northern regions, have not received full attention, as despite their scarcity they give very good efficiency and are cheaper after the hydroelectric stations and compete with gas stations in their need for maintenance and fuel as they work with heavy fuel (HFO), which is the cheapest fuel and available in quantities Too big in the oil ministry

Scandalous electricity secrets

Yesterday, a report of the Board of Financial Supervision broke into the loopholes contained in contracts for the purchase and supply of electricity with different countries and companies in Iraq

Car company contract to supply Nineveh ... subject to a 6-fold high price

The report shows that “the Ministry of Electricity bore the bills for transporting fuel from the refineries to the stations, which were provided by the Car Company. The energy cost of this company is considered the highest price, as it ranged between (193 to 264) dollars per megawatt hour, while the megawatt hour is purchased from the rest of the stations at a price ranging between (32 to 47) dollars, and the Ministry of Electricity was not committed to re-negotiating with the company to reduce the energy price, contrary to the decision of the Council of Ministers issued on 4/22/2019, and fuel prices were (6) times the energy purchase price, and the amount of fuel needed for operation has not been determined, which allowed the company Equipped with quantification

Iranian Tafanir Company (Iranian Line

The ministry has concluded several contracts since 2006 with the company, and the price of energy purchase is based on the monthly price of oil within the OPEC basket, so that the price is not less than (55) dollars in the event of a decrease in oil prices and not more than (100) dollars in the event of high prices and the cost of energy imported from the company is For the period from (2017 to 2019), at $ 1.441 billion

The amount of energy purchase is sufficient to develop the stations and prevent imports ... and the Ministry "refuses"

According to the report, the Ministry ignored the study submitted by the Department of Energy Production in (2018) which showed that in the event that the Ministry provided an amount for the purchase of equipment and maintenance of national stations at a value of (4.435) billion dollars and transferred it to work from the simple cycle to the combined cycle, it will produce more energy than the imported energy. And purchased from investment stations at a rate of (5806) megawatts, in addition to reducing the consumption of fuel used in the stations and preserving the environment, noting that this amount is spent only once, while an amount of (3.337) billion dollars is disbursed annually, which can be increased for the benefit of investment stations and neighboring countries, knowing that it reached Ministry allocations during the year (2019) amount (13.375) trillion dinars

Refusing a cheap national contract and choosing a foreigner is 7 times more expensive

The report indicated that the ministry also ignored the study submitted by one of its departments to convert the stations (Shatt al-Arab, Rumaila and Amara) to operate in the combined cycle at a cost of $ (1.325) billion within (15) years, and it contracted with investors for those stations for a period of 15 years at a value of (9,826) One billion dollars, 7 times more than the national effort

Neglecting the Nasiriyah station and choosing to buy energy from the stations that are doubly expensive

The national thermal stations suffer from negligence and lack of maintenance, as some of them have not been maintained since 2002, such as the Nasiriyah Thermal Station, which needs $ 200 million to be rehabilitated according to the Ministry’s opinion. The cost of producing a megawatt hour from that station is $ 15, while the cost of buying it ranged. From investment terminals from (32 to 264) dollars

The Ministry of Electricity bore the costs of fuel spent by companies and the electric energy bills used by companies within their production units, while the report also showed the decrease in the energy produced from the national effort during the last three years in exchange for increased purchases from investors

The bureau recommended resorting to rehabilitating thermal stations and the national effort instead of contracting with investors for long periods as it leads to the depletion of state resources  LINK

Samson: Representatives Assert ... There Is No Problem With Dissolving Parliament And Setting The Date For Elections

31st October, 2020

Although the Iraqi parliament passed the elections law in its final form, in accordance with the multi-district system, and its readiness to discuss the Federal Court bill, in preparation for holding early elections scheduled for June 6, 2021, the debate returns to dissolving parliament, which is one of the most important issues that early elections cannot take place without it.

While MPs talk about the absence of a problem with dissolving parliament, others see that this is not possible, in the event that the fugitive weapon continues to exist outside the framework of the state. According to Article 64 of the Iraqi constitution, the parliament has the ability to dissolve itself based on a request from one-third of its members, or from the prime minister with the approval of the president of the republic, provided that the request is not submitted during the prime minister's questioning period. 

After the parliament is dissolved, the president of the republic calls for general elections in the country within a maximum period of 60 days. In this case, the government is considered resigned, and it is only conducting business.

Al-Dahlaki confirmed that Parliament will dissolve itself two months before the elections: 

In this context, the representative of the "Iraqi Forces Alliance" Raad Al-Dahlaki confirmed that Parliament will dissolve itself two months before the elections. In an interview with Al-Araby Al-Jadeed, he considered that Parliament could have procrastinated the election law had it not wanted to hold early elections.

 He pointed out that there is one issue that may prevent parliament from being dissolved, and that is the inability to control uncontrolled weapons, which exacerbates the risk of dissolving the legislative authority without guarantees for holding elections far from the influence of weapons. He continued, "Therefore, there will be discussions and pauses on this point specifically to prevent the rise of the armed forces to the helm of government," warning of the consequences of managing matters by the forces of non-state. He explained that Parliament will dissolve itself after the Electoral Commission confirms its ability to hold elections at an agreed date, in addition to completing important procedures for the electoral process, such as preparing biometric voting and preparing voter registers, and clearly defining electoral districts.

Another deputy told Al-Araby Al-Jadeed that dissolving parliament itself is the last step before the elections, indicating the need to complete other necessary procedures before that, such as passing the election laws and the Federal Court and creating technical measures. He indicated that parliament cannot dissolve itself unless it is assured that a vacuum will not arise during the two months preceding the elections, as the state will remain in a state of “legislative vacuum”.

 He stressed that the government is required to control everything that would disturb the electoral atmosphere, foremost of which is the presence of armed arms for some parties, which will definitely affect the election results, especially in villages and remote areas far from control. He pointed out that most parliamentary blocs have no objection to the issue of dissolving the parliament itself, as this represents a popular demand, "but that does not mean that there is no pressure towards providing a safe environment before the electoral process takes place."

Al-Ziyadi stressed the need to provide all appropriate conditions for holding elections: 

In a speech marking the first anniversary of the start of the October protests in Iraq, Prime Minister Mustafa Al-Kazemi pledged that the early elections would be fair and fair, explaining that his government would protect them from fraud and the influence of fugitive weapons, by following legal means and tight security plans. He pointed out that there are efforts for international organizations to monitor the Iraqi elections, to ensure more transparency and integrity. Last August, the spokesman for the Prime Minister, Ahmed Mulla Talal, confirmed that the government is seeking to conduct the electoral process away from political money and fugitive weapons. He pointed out that setting the date for early elections came after extensive study, in response to the popular will and the desire of the religious authority in Najaf.

Badr Al-Ziyadi, a member of parliament for the "Sairoun" coalition, explained that the House of Representatives will dissolve itself two months before the actual date for the elections, which is determined by agreement between the government, the election commission and the parliament.

 In an interview with Al-Araby Al-Jadeed, he stressed the need to provide all appropriate conditions for holding elections. He pointed out that completing the election law is a step on the way to holding early elections, as well as voting on the Federal Court law, with the aim of playing its role. "The parliament has no problem solving itself," he added. We will be with our people, and we are ready to do so, but after preparing things, so that no vacuum remains after the parliament itself is dissolved. And Deputy Amer Al-Fayez stressed, earlier, the need for important steps to be taken before Parliament dissolves itself, warning against calling for the dissolution of Parliament before completing those steps. "In the event that parliament dissolves itself, then the current government (headed by Al-Kazemi) will turn into a caretaker government, which means restricting its powers in combating corruption and retribution against the killers of demonstrators, as well as its inability to implement many of the paragraphs it included in its government program," he said. 

It is noteworthy that early elections were one of the main demands of the wave of popular protests that began in Iraq more than a year ago.  LINK

Restored Republic via a GCR- Rumors as of Sat. Oct. 31, 2020

Note: All intel should be considered as "Rumors" until we are making exchange appointments...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Thank you Judy

Restored Republic via a GCR: Update as of Sat. 31 Oct. 2020

Compiled Sat. 31 Oct. 12:01 am EDT by Judy Byington

Judy Note: On Fri. 30 Oct. Fleming’s Military Intel Contact stated that he knew long ago that Kim Goguen was a fraud and a CIA mind-controlled deceiver sent into the currency community to cause trouble. On Tues. 27 Oct. in an interview with Charlie Ward, Goguen admitted that on Sat. 24 Oct. the Black Dragon Illuminati tried to initiate a Global Currency Reset using their (fiat) currency, but their codes didn’t work.

On that same Tues. 27 Oct. 2020 the Department of Defense initiated with codes that did work, a kickoff to the Shotgun Release to pay out all 27 categories of the GCR/RV primary tier accounts.

At 12:30 pm EDT on Thurs. 29 Oct there was another release to keep the reset moving toward a Shotgun Start. The Tier 4B exchanges start had been delayed, again, because of numerous security issues such as Nuclear Dirty Bomb threats to Washington DC (that a Nuclear Radiation Detection Helicopter has now contained).

From now to Mon. 2 Nov. watch for notification emails from Wells Fargo, Chase, Bank of America, et al. to put out a Secured Website from which you could set a redemption/ exchange appointment.

Restored Republic: On Sun. 25 Oct. US Inc. was officially defunct and the United States of America was Restored to the original Constitutional Republic.

All Hallows Eve (Halloween) – the Cabal’s major Satanic holiday celebration of the year – began Thurs. 29 Oct. and would go through Sun. 1 Nov. From now through Halloween and the Nov. 3 Presidential Election, the [D]eep [S]tate was expected to celebrate S[a]tan’s Birthday by causing extensive chaos through disrupting food and delivery system distribution, funding riots in major cities, along with causing confusion at the voting booths for a purpose of stopping Trump’s re-election and RV exchanges.

We could expect Mass Arrests and perhaps some form of Martial Law. https://www.nbcnews.com/politics/national-security/top-u-s-officials-were-briefed-active-threat-against-pentagon-n1245273

In the preparation for and during the Cabal’s All Hallows Eve celebrations children were at High Risk as a prime target for the Cabal’s s[e]x orgies and child s[a]crifice rites in honor of S[a]tan. Please keep an eye out to protect children from being [kid]napped, plus stock up on provisions in case of shortages in your region during a possible declaration of Martial Law.

Trump was predicted to win the election in a landslide, with indictments on global elites delivered shortly after, along with implementation of NESARA / GESARA for all countries worldwide.

The Ides of March 2021 would see exposure of names of the global and political elites whom had been charged, tried and convicted of numerous Crimes Against Humanity, including videos of their taped confessions at GITMO.

****************

A. Unconfirmed Rumors:

* On Fri. 30 Oct. there were large military movements at Camp Pendleton Marine Corps in California, while the 32nd Naval Street Station was empty of all the ships and two aircraft carriers. One was coming back to be refitted with new munitions and personnel.

* If Biden lost the election Chinese Communist Party troops were stationed in Vancouver Canada ready to move into Washington, Oregon and California with the blessing of governors of those states.

* Starting this weekend, Antifa-infiltrated Trump rallies, police depts. and local gov'ts would turn on citizens.

* A Gitmo Sergeant of Arms said the place was full of high-ranking personalities.

B. Fri. 30 Oct. Evening Fleming’s Military Intel Contact stated that Dr Charlie Ward was genuine and that he knew long ago that Kim Goguen was a fraud and CIA mind-controlled deceiver sent into the currency community to cause trouble.

Judy Note: According to Kimberly Goguen in a video interview with Charlie Ward on Tues. 27 Oct. 2020, on Sat. 24 Oct. the Black Dragon Illuminati/ Cabal tried to initiate a Global Currency Reset using their (fiat) currency, but their codes didn’t work. Our Military Intel Contact confirmed that on that same Tues. 27 Oct. 2020 the Department of Defense initiated with codes that did work, a kickoff to the Shotgun Release to pay out all 27 categories of the GCR/RV primary tier accounts.

************

C. Fri. 30 Oct. 5:51 am EDT Fleming’s Military Intel Contact:

1. Trump’s Redemption Team was still working on starting us any time Fri. 30 Oct, Sat. 31 Oct, or Mon. 2 Nov.

2. Tier 4B currency holders do NOT have to register their currency serial numbers, nor do they have to join a group to get the best rates.

3. The rates were very high in the Redemption Centers.

4. The talk from some sources of no 800#s, or exchanges for Tier 4B currency holders was FLATLY FALSE and deliberate misinformation.

5. There has been a lot of misinformation put out there as the bad guy were trying to gather up currency holder serial numbers and/or currency notes from unsuspecting people so they could use them for their own profit.

6. This was another sign that we were at the end and the RV Shotgun Start was ready to go.

7. Mr. Fleming's and Bruce's sources said that they were still trying to start us in Tier 4B before the election next Tues. 3 Nov.

8. Trump has pressed the RV teams to make it happen and we needed to be alertly watching our email inboxes on Fri. 30 Oct, Sat. 31 Oct. and Mon. Nov. 2.

9. The decision-makers have NOT JUST MADE EXCUSES for not releasing the RV. One of the reasons timing has changed constantly behind the scenes is they were CONTAINING THE WAR WITH THE [D]EEP [S]TATE that were FIGHTING THE RV RELEASE.

10. As Charlie Ward, Ph.D. said on Thurs. 22 Oct, it has been "ONE HELL OF A FIGHT" for Trump and the Department of Defense against [D]eep [S]tate threats. Even though the bad guys have lost the war, many [D]eep [S]tate worker bees still have not gotten the memo and were fighting on.

11. There have been numerous security issues that the Department of Defense (DoD) Security Teams have been working on behind the scenes to make it safe enough to execute the Shotgun Release. He said that we had no idea how much of a fight it has been behind the scenes just to get this RV released and GESARA measures implemented.

12. US, British, Chinese, French and Russian intelligence sources agreed that the purpose of the [D]eep [S]tate C19 lockdown, mask & vaccine operation of the last ten months was to HELP PREVENT and FIGHT THE RV/GCR and to FIGHT the implementation of worldwide GESARA measures returning to the people [D]eep [S]tate money, power and control.

13. The C19 plan was implemented globally to protect the [D]eep [S]tate's old SWIFT banking system and their centuries-old operations to hijack governments and countries politically and economically.

14. The DOD Security Teams have been working with Alliance counterparts to arrest, take out, and eliminate those responsible.

15. US Intelligence sources, as well as British, Chinese, French and Russian Intelligence have agreed with the May 2020 French military investigation that the C19 Scamdemic was an act of war that mandated Alliance military intervention to take down [D]eep [S]tate global networks, bases, & leaders over the past nine months under section 7 of the International Criminal Code: https://truth11.files.wordpress.com/2020/09/french-army-report-on-covid-19-and-5g-translated-to-english.pdf

16. Right now, this week and next week Nuclear Dirty Bomb threats to Washington DC were being searched out and contained using a special Nuclear Radiation Detection Helicopter. That helicopter has been flying over DC twice a day in a systematic search for any [D]eep [S]tate planted Nuclear Dirty Bombs to stop what Zerohedge describes as any "nuclear or radiological incident" (https://www.zerohedge.com/political/radiation-sniffer-helicopter-deployed-above-washington-dc).

17. If you wanted to know how devastating that could be, watch the depiction of a Nuclear Dirty Bomb killing thousands and flattening Baltimore in the movie "The Sum of All Fears."

18. Over the past weeks [D]eep [S]tate Puppet Masters (Rockefeller and Rothschild agents) have tried to use the US election to trigger a war between China and the US.

19. DoD and Alliance Special Op Troops have had to move swiftly to arrest, take out and eliminate [D]eep [S]tate bad actors responsible in Shanghai, Beijing, NYC and Washington DC.

20. The DoD has been working on containing threats by the Chinese Communist Party leaders (excluding Chairman Xi whom the Communists have been fighting over his support of the RV/GCR).

21. China DOES have a [D]eep [S]tate faction in the Chinese Communist Party (CCP) that cooperates with the US Rockefeller-[C]linton-[O]bama-[B]iden [D]eep [S]tate.

22. Think Feinstein, [B]idens, Facebook's Mark Zuckerberg with CCP nationals working in Facebook on algorithms censoring anti-[D]eep [S]tate narrative, pro-Trump FB posts.

23. Behind the scenes these CCP leaders have threatened to invade Taiwan if "their man" [J]oe [B]iden was not elected next Tue 3 Nov.

24. Three years ago [D]eep [S]tate Puppet Masters (Rockefeller and Rothschild agents) in the US got their CCP Chinese counterparts to believe that if Chinese agents bought and blackmailed the [B]idens, China would economically and politically control the US including Canada & Mexico and most of Asia – principally Japan, Taiwan and the Korean Peninsula.

25. Details of the above were now being exposed by the White Hats through Whistleblower Tony Bobulinski and evidence of [B]iden crime family corruption being exposed by Rudy Giuliani.

26. Because Security Teams have been containing security issues like these, as of 12:30 pm EDT on Thurs. 29 Oct there was another release to keep moving things forward toward the Shotgun Start and start of Tier 4B exchanges.

27. Also on Thurs. 29 Oct. there were meetings that reported: “There were numerous high-level meetings in the US Treasury on Thurs. 29 Oct. regarding strengthening the USN dollar against the asset-backed value of other RV currencies like the Chinese Yuan etc.”

28. Bankers, Paymasters and attorneys who left their banking centers on Thurs. 29 Oct. because they lost patience, needed to be ready to be called back within the next 24-48 hours when the Shotgun Start was to be initiated, or they would be left behind to play catch-up as the Shotgun Release would start without them.

29. The Military Intel Contact asked that we continue to pray over the release process as we watched our email inboxes for notification emails from Wells Fargo, Chase, Bank of America, et al. through Fri. 30 Oct and the weekend.

D. Communist China and the Final Battle Between Light and Dark: https://inteldinarchronicles.blogspot.com/2020/10/the-final-battle-between-light-and-dark.html?m=1

E. Did Trump change election night party to White House due to security concerns? https://thehill.com/homenews/campaign/523528-trump-changes-election-night-plans-cancels-party-at-trump-international

F. [J]oe [B]iden Corruption – a national security risk: The real question was, how could [J]oe [B]iden, who was believed to be a ped[o]phile, child [traffic]ker and treasonous government official for 47 years and who carried out the murder of Seal Team Six, still be running for President of the United States?

Giuliani Unleashes on [J]oe [B]iden: https://trendingpolitics.com/rudy-giuliani-unleashes-on-joe-biden-prince-of-darkness-used-his-son-a-drug-addict-to-be-his-bagman/

FBI Concealed Evidence [J]oe [B]iden Knew About Son’s Burisma Corruption: https://www.uspoliticsandnews.com/fbi-concealed-evidence-joe-biden-knew-about-sons-burisma-corruption/

Verbal Confession by [H]unter [B]iden: https://twitter.com/thesharpedge1/status/1321120476576452608?s=28

************

G. ***Keep It Quiet!!!*** On Thurs. evening 22 Oct. a new communications systems monitoring of Social Media posts, Emails, Text messages, Discord DMs, phone conversations, etc. became effective through the NSA and military Intel (DIA). After you digitally signed a Non Disclosure Agreement (NDA) to obtain a exchange/ redemption appointment and then another NDA at your appointment, you would be legally obligated not to discuss or write anything about the Global Currency Reset (GCR), Redemption, Exchange, Revaluation (RV), Currency exchange rates, Dinar, Dong, ZIM, etc. and Quantum Financial System (QFS) for at least 90 days, or whatever time period was on your NDAs. To do so would break conditions of those NDAs and your monies would be frozen.

************

H. *** Must Watch Videos ***

“How [J]oe [B]iden Got Millions in Foreign Bribes,” Rudy Giuliani: https://www.youtube.com/watch?v=axVq7yWg6KA&feature=youtu.be

Fox Tucker Carlson interviews former [B]iden business associate Tony Bobulinski. https://www.bitchute.com/video/7rX1BSFtcpJ2/

Glenn Greenwald resigned from The Intercept after it censored his article on [J]oe [B]iden. How can the same censorship engulfing the press, engulf the media I co-founded? https://twitter.com/m1dn7ghtrider/status/1321970614807265282

“The Underground War Happening Right Now, Part 2”: Underground DUMBS https://www.youtube.com/watch?v=-cogTtoYz-A

“[O]bama[gate], Official Movie,” Judicial Watch: https://operationdisclosure1.blogspot.com/2020/10/reader-sunflower-obamagate-movie-with.html#more

Occult Calendar of D[e]monic Holidays: All Hallows Eve (Halloween) – the major S[a]tanic holiday of the year – was in full swing Thurs. 29 Oct. through Sun. 1 Nov.

Be aware of S[a]tanic activities in your neighborhood and help save mind controlled children and teens being forced to participate in the r[a]pe, t[o]rture and m[u]rder of other children. Months in advance S[a]tan worshippers planned for the event by [kid]napping children (especially on Halloween night). Over the three day Halloween Celebration, the victims were starved, tortured and used in s[e]x orgies in preparation for human s[a]crifice rites.

Please report suspected S[a]tanic activities to your local law enforcement. Since S[a]tanists were known to infiltrate police departments, also contact U.S. Immigration and Customs Enforcement (ICE): https://www.ice.gov/webform/hsi-tip-form

You can also call the National Human Trafficking Hotline at 1-888-373-7888 and/or contact the Federal Human [Traffic]king Website: https://www.state.gov/humantrafficking/

If you wished to join the effort in saving children from international s[e]x [traffic]king, contact Tim Ballard at Operation Underground Railroad and/ or the non-profit Saving Innocence. https://ourrescue.org/ https://savinginnocence.org https://www.youtube.com/watch?v=FT4tmI8YxCU&feature=emb_rel_end

************

It’s All About the Children

It’s not about the money. It’s about the children – the thousands of malnourished and traumatized children. The first official act President Trump made the morning before he was sworn into office, was to pay a visit to CIA Headquarters and declare a war on an international Child S[e]x [Traffic]king Ring run by global elites. Let us fast and pray for these little ones who were now being rescued from Cabal underground tunnels across the globe, and tortured and k[i]lled by S[a]tanic Covens right next door. Let us also pray for those Military Troops worldwide who were risking their own lives to save them. The ancient doctrine of Fasting and Prayer was explained here at the 10:30:32 mark: https://www.youtube.com/watch?v=4Mb9gU6DmKs

************

Judy Note: I do not now, nor have I ever, received monies for writing my Updates and articles. The compensation has been in having outlets to help Save the Children by exposing truths about the very secretive [S]atanic [R]itual [A]buse, Ped[o]philia and Child S[a]crifice that was rampant in our international society.

The above was a summary of information from the Internet. It would be up to the reader to do their own research and decide whether or not it was valid. A huge Thank You to those dedicated and brave Intel providers who wished to remain unknown; to humble Wildfire Lady who was adept at exposing the truth; to Martha who worked around the clock to discern what was real in the fake news; to Brad who did great research; to Ken who uncovered almost unlimited Intel on ped[o]philia to help us Save the Children and to Bonni B who exposes the underlying causes of what is really happening.

Divide They Try, Fail They Will; WWG1WGA to Support POTUS, Follow Q & Trust Plan

I will send the Safe Link Website out when I find out what it is, plus it will be posted on several Dinar Websites. It is my understanding that by linking into the Safe Link Website it would generate a Non Disclosure Agreement to agree to in order to get appointments.

After signing that Non Disclosure I will be unable to email, post or talk to anyone about the exchange process for 90 days. After sending out the Safe Link Website I will be going silent and taking those 90 days to get my humanitarian project organized and going. This was not a goodbye. I expected to be working with many of you in the near future. I can't tell you how much I have enjoyed getting to know all of you. You will remain in my heart forever.

Let us Thank Q that the reset has finally come to be. I wish you well in your humanitarian efforts and look forward to seeing you on the other side where together, we will make life better for all.

Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world. Judy

Courtesy of Dinar Chronicles

https://inteldinarchronicles.blogspot.com/2020/10/restored-republic-via-gcr-update-as-of_31.html

News, Rumors and Opinions Saturday Morning 10-31-2020

TNT:

Shybaby: Iraq reopens Tahrir Square, epicentre of revolt in Baghdad

Iraqi authorities reopened Baghdad's Tahrir Square and Al-Jumhuriyah bridge on Saturday, symbolically ending more than a year of demonstrations in epicentres of an anti-government protest movement.

Sabah ARAR Iraq's Lieutenant General Qais al-Muhammadawi (C) oversaw the reopening of Al-Jumhuriya bridge in Baghdad after it had been blocked off during anti-government protests

Protester tents have been dismantled at the Tahrir roundabout, now again circled by cars, and the towering concrete walls used to close off the Al-Jumhuriyah bridge across the Tigris River have been removed.

Tahrir Square and its massive Freedom Monument was at the heart of the movement that brought together hundreds of thousands of Iraqis in October 2019, paralysing the capital and southern Iraq for months.

The Al-Jumhuriyah bridge leading to the highly fortified Green Zone -- where government offices, parliament and the US embassy are housed -- was a hotspot of clashes during the protests.

Clashes with security forces during the revolt left around 600 people dead and 30,000 wounded, the vast majority demonstrators.

"The reopening of these places does not mean the revolt is over," said Kamal Jabar, one of the figures of the movement dubbed the "October Revolution"

Video: Iraqis in Baghdad rally to revive year-old revolt against the system (AFP)

"The protesters have lost a battle, but the movement endures and is now working to set up political organisations," he told AFP.

The movement had called for jobs, basic services, a total overhaul of the ruling class and an end to corruption.

But it lost momentum and then ground to a halt in the spring due to an outbreak of tensions between arch-foes the United States and Iran on Iraqi soil and the Covid-19 pandemic.

The protests helped usher in Prime Minister Mustafa al-Kadhemi in May, but he has yet to deliver on any major reforms.

Lockdown measures imposed to stem the virus and the fall in oil prices precipitated Iraq's tumble into its worst economic downturn and doubled the country's poverty rate to 40 percent. 

Amid the crisis, public pressure mounted to reopen Tahrir Square and Al-Jumhuriyah bridge to ease traffic in Baghdad -- a city of 10 million inhabitants -- and to revive trade in the centre of the Arab world's second most populated capital.

https://www.msn.com/en-us/news/world/iraq-reopens-tahrir-square-epicentre-of-revolt-in-baghdad/ar-BB1azeDp?ocid=

 *******************

Courtesy of Dinar Guru:

Delta   THESE ARE MESSAGES FROM IRAQI SOCIAL MEDIA TO THE NEW CBI GOV...  "We hope that the value of Iraqi cash will be strengthened and that we can eliminate the zeros and return in a strong currency not necessarily at its previous value...";  "Once the zeros are removed from the local currency, poverty and debt will be eliminated and the mortgage stake is lifted. Then the value of the Iraqi dinar will return to the equivalent of $3.3778 as in 1971 and 1973...";  "with a return to the circulation of small coins, such as the rest of the countries, to preserve people's rights to buy and sell..."  THAT WAS JUST A FEW FROM THOUSANDS OF MESSAGES TO NEW CBI GOV...ALL ASKING THE SAME...RAISE THE VALUE AND COME OUT WITH NEW LDS...OVER A WEEK OR SO AND IT'S NOT STOPPING…THEY WANT THE CBI TO TAKE THEM BACK TO 3.22…

Keiser Report | Keiser Report was right, Jamie Dimon was wrong | E1613

Oct 31, 2020

In this episode of the Keiser Report, Max and Stacy look at headlines from 2014 when JP Morgan’s CEO, Jamie Dimon, was predicting bitcoin’s downfall to headlines this week in which the bank is arguing that bitcoin is the new gold.

In the second half, Max continues his conversation with entrepreneur, Dan Collins, who has recently returned to the United States after 20 years in China. They discuss the V-shaped recovery in China and whether or not this is a post-WWII-style transition of economic power and what happens if a New Bretton Woods is held as the IMF is calling for. Will China have a seat at the table?

https://youtu.be/sDbvp6VcNrY?t=5

Tech Meltdown Hits APPL, MSFT, FB, AMZN As Reality Doesn't Match BULL Story, CN iPhone Sales Plummet

Silver Report Uncut:  Oct 30, 2020

iPhone sales have collapsed in Greater China falling 28.6% as the tech struggle continues. APPL stock retreated after the company was unable to give forward guidance due to excessive uncertainty and the collapse of a critical part of their vision to keep the company profitable moving forward.

The iPhone is the single most critical product produced by apple and they have been losing a lot of ground in this area throughout the past several years.

In fact, a couple of the top-performing stocks have made moving into the consumer market in China a critical part of their business plan TSLA, for example, has invested a lot of money to move production to China and begin access to the Chinese consumer market but just like Apple they have been caught in the crossfire of international trade competition and consumers are voting with their wallets.

A couple recent surveys suggested the rise of defensive if not patriotic shopping preference growing among nations and Americans and Chinese citizens are purchasing a lot less of each other's products.

 Huwaii was the center of a power struggle and was set to surpass Apple insignificance and the US addressed the company as a matter of national security but that doesn't mean there aren't consequences.

Chinese consumers are essentially boycotting American products and the Apple iPhone is near the top of the list of products many feel it is their duty not to buy because of who produced it.

Many prominent EV makers have also risen in the past several years in China and though Musk was in good standing with Xi the Chinese consumers are beginning to ignore foreign brands at a time when so much has been spent in the transition.

 Apple has also moved production which has caused a backlash among the ex iPhone customers and with that Earnings season holds a few more surprises yet with the other top stocks following suit.

https://youtu.be/2O1xZIFTOIk?t=6

IQD Calls Chat Room Friday 10-30-20

IQD Calls Chat Room Friday  10-30-20

madness   hey all good morning

Baxter   Good Morning..madness   where you been

madness   I still think about your dime

Baxter   ha   i do every day

Madness   I lost all my dinar

Baxter   how

madness   BUT was able to make a comeback and now have more than when I started

Baxter   thats good     im surprised you found some

madness   cant even buy dinar around here its crazy, I even have a texas exchanger and he cant even get dinar

Baxter   no one can

madness   I had to drive to nevada

Baxter   no dealers have it any more    maybe thats a good sign

madness   she was cool he was a coin dealer and sold it to me at rate

Doug_W   Maybe Iraq doesn't want any more than 4 T ???? in circulation LOL

Baxter   ha

madness   I took all he had, I ask him why are you selling this and he said I tired of waiting, he was not advertising I just called ever darn pawn shop and coin store in cali and nevada

Baxter   ebay is selling at 2000 dollars a million

madness   he was like yeah I have some in my safe come and get it, told the lady out of state trip

madness   yeah thats wild I saw that

madness   not going to lose it this time, iraq is making too many moves im hoping 2021 is looking good

Baxter   i hope

madness   something about they were printing currency and some gov. officals were mad, hope they were not printing the 3 zeros notes we have that will not be good

madness   at least I can order dong from citibank, thats another currency that no one around here has

madness   they just started could not order it a month ago

madness   even the dong is going for almost 100 bucks per million double of what the exchange charges

madness   oh wow doug typed up, I missed it, Good Morning doug

Doug_W   madness U do know that China is manipulation that currency too?

madness   yes I do dont know how that will affect us, I dont have much dong Im thinking of ebaying mine and buying more, I can just sit here and make 40 dollar a pop doing nothing rinse and repeat

Baxter   Dow is up a little today... thank God

Doug_W   Silver WAY down

Baxter   had a bad couple of days

Doug_W   yess

Baxter   Trump doesnt need a falling dow right now

madness   just glad I got my dinar back, im the game, I was even able to get some the 10000 and 5000 dinar notes never seen those in person

Doug_W   noooo

Baxter   This virus up here Doug.. is really bad

madness   yeah cali still has us locked down out here too

Baxter   our county is up 400% over last month

Doug_W   seeing as I only go to stores and VA it has no effect here

Baxter   GDP up 32% this quarter.. highest in history

Baxter   that ought to help

Clay   wow   amazing  why isnt my bank account doing the same

Baxter   or mine

Clay   although theres not much in there

Baxter   I   did make 2 cents interest last month

Clay   lol   me too

Baxter   they have the balls to send me that statement

Clay   I remember when my parents made 6% on a 6 month CD

Baxter   cost them fifty cents to send it to me

Clay   at least

Clay   10%

Clay  ^^^

Baxter   I remember when my parents made 18 percent on cd       1980

Clay   What the heck happened

Clay   yep

Baxter   I paid 18 percent for a house loan

Clay   maybe it was that high

Baxter   plust 2 points

Clay   now it dont pay

Baxter   less than half a percent now

Clay   rediculous to leave money in the bank

Baxter   yep   worthless

Baxter   I have an account that pays no interest... the govt cant track those

Clay   Id invest in Gold

Baxter   I invested in Dinar and look what I have made

Clay   yep

Andretolduso24   #Repost

Stimulus Check   Iraqi Dinar Revaluation   Gold Standard   Always right on time   Promise made  Promise kept

A new gold standard is coming, brace for 'monetary reset' - Jan Nieuwenhuijs

https://www.kitco.com/news/2020-10-28/A-new-gold-standard-is-coming-brace-for-monetary-reset.html

Central Banks Sell Gold for First Time in a Decade   Eddie Spence

October 29, 2020, 6:34 am  (Bloomberg) -- Central banks became gold sellers for the first time since 2010 as some producing nations exploited near-record prices to soften the blow from the coronavirus pandemic.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/central-banks-sell-gold-first-050000544.html

Stimulus checks and child support: You might be entitled to a second $500 payment per dependent

Thanks to a weird loophole in the way the IRS verifies eligibility, some parents may each get $500 for the same minor dependent.

https://www.google.com/amp/s/www.cnet.com/google-amp/news/stimulus-checks-and-child-support-you-might-be-entitled-to-a-second-500-payment-per-dependent/

Who say their wouldn't be Arrest Made   Who say the Iraqi Dinar Revaluation would of never Happened

Who say the Quantum financial System was a Myth   Who say the Gold Standard was False Who say it was all a lie Again

https://ibb.co/18bWnXL

What ABOUT NOWWWWWW  DREAMS ARE COMING TO REALITY   THE DEEP STATE US GOING DOWN

Andretolduso24   The beginning somebody post it under my Instagram post I find it real truth the ending somebody forward it to me I find it facts had to share why the Deep State been forcing vote vote vote so bad

Andretolduso24   Every day they send tons of mail of vote vote vote anybody else get those mails ?

Andretolduso24   Yah they going down arrest to be made the last link its a mail they been sending everybody about arrest to be made after the elections to be aware so I share it somebody send it to me

Baxter   its too late after the elections Im afraid

LeLe   Andretolduso24    thanks for the information. I don't want a stimulus I want a RV. Lol

Andretolduso24   LeLe  you welcome Yah you know the Iraqi Dinar Revaluation must be near When the Banknote world Do a short summary of the past & Present for the Iraqi dinar

https://youtu.be/8_DkQfZRThE

And you know Trump already Won when Hillary Clinton Already screaming possible Another Trump Re elections Have her sick in the stomach

THE CLINTONS Published October 26, 2020Last Update 4 days ago

Hillary Clinton 'sick to my stomach' over possible second Trump term

Clinton claimed Trump 'lives with this specter of illegitimacy' over the 2016 election

https://www.foxnews.com/politics/hillary-clinton-trump-re-election-sick-to-stomach

You know Gold Standard is Near when all the elite are Screaming they must stop Trump & all their supporters at Any cost  And that leave us  WE WON  WE TOLD THEM SO

29 Oct 20, 09:09 PMAndretolduso24The Deep State is Sh!!ting on their self but trying not to.show it to their worshippers that's why so many vote vote vote vote is going out to let their worshippers think they still got it really the only thing they got is a A big fat LOSS WAITING FOR THEM IM OUT

https://www.iqdcalls.com/chat/