What to Do With a Financial Windfall
.What to Do With a Financial Windfall
Rivan V. Stinson, Staff Writer Tue, August 30, 2022 Kiplinger
It’s a cliché, but it’s also true: Every cloud really does have a silver lining. That was hammered home for me after I was recently rear-ended in a car accident. I wasn’t hurt, but it was a frightening experience, and the amount of paperwork required in its aftermath was sometimes overwhelming.
After I filed my claim and it was processed, my auto insurer deemed my car a total loss. But before I had time to mourn the fact that I was carless—again—the silver lining emerged: I was refunded part of my auto insurance premium for the month, and I was cut a check for $11,000, which was what my auto insurance company concluded my 2014 Chevy Cruze was worth. While the settlement wasn’t a Powerball, “quit my job” amount, it did give me pause, because I had to decide what to do with it.
What to Do With a Financial Windfall
Rivan V. Stinson, Staff Writer Tue, August 30, 2022 Kiplinger
It’s a cliché, but it’s also true: Every cloud really does have a silver lining. That was hammered home for me after I was recently rear-ended in a car accident. I wasn’t hurt, but it was a frightening experience, and the amount of paperwork required in its aftermath was sometimes overwhelming.
After I filed my claim and it was processed, my auto insurer deemed my car a total loss. But before I had time to mourn the fact that I was carless—again—the silver lining emerged: I was refunded part of my auto insurance premium for the month, and I was cut a check for $11,000, which was what my auto insurance company concluded my 2014 Chevy Cruze was worth. While the settlement wasn’t a Powerball, “quit my job” amount, it did give me pause, because I had to decide what to do with it.
Back to Basics
I knew I didn’t want to run out and lock myself into an auto loan for another car. With prices for new and used vehicles still crazy high, adding a car payment didn’t sit well with me—especially since my old car was paid off. Plus, the Washington, D.C. metro area has a public transit system that I had used consistently before I had a car. So I did what I’ve been meaning to do for a while: I added money to my emergency fund.
You generally want to have at least three to six months’ worth of expenses stashed in a dedicated savings account in case of a job loss, medical emergency or costly car-repair bill. (Here's more on where to find emergency cash.) However, with inflation running at about 9%, you should stash more in the account.
Bulking up your savings by about 10% or more will give you more protection in the event of an emergency, says Samantha Gorelick, a certified financial planner with Brunch & Budget, a financial planning firm. You need to be prepared to cover your expenses at elevated prices if inflation continues, she says.
If you don’t have an emergency fund, an unexpected windfall is a good way to start one. Put your money to work by parking it an interest-bearing savings account. Rates are climbing for both savings and money market accounts at many financial institutions. (For current rates on top-yielding accounts, go to depositaccounts.com.)
Another personal finance basic to consider: Pay down any credit card debt you have. For those carrying a balance, using even a modest windfall to pay it down could put you on a better financial footing and potentially increase your credit score.
To continue reading, please go to the original article here:
Tuesday Evening Iraq Parliament News Highlights 8-30-22
.Tuesday Evening Iraq Parliament News Highlights 8-30-22
Al-Kazemi Appreciates Al-Sadr's Call To Stop Violence: It Represents The Highest Levels Of Patriotism
Policy 2022-08-30 | 06:21 4,335 views Today, Tuesday, caretaker Prime Minister Mustafa Al-Kazemi confirmed that Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood.
Al-Kazemi said in a tweet to him on his Twitter page, which Alsumaria News followed, that "Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood."
Tuesday Evening Iraq Parliament News Highlights 8-30-22
Al-Kazemi Appreciates Al-Sadr's Call To Stop Violence: It Represents The Highest Levels Of Patriotism
Policy 2022-08-30 | 06:21 4,335 views Today, Tuesday, caretaker Prime Minister Mustafa Al-Kazemi confirmed that Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood.
Al-Kazemi said in a tweet to him on his Twitter page, which Alsumaria News followed, that "Al-Sadr's call to stop violence represents the highest levels of patriotism and keenness to preserve Iraqi blood."
He added, "Al-Sadr's speech places a moral and national responsibility on everyone to protect Iraq's capabilities, stop the language of political and security escalation, and initiate a quick and fruitful dialogue to resolve crises."
Al-Sadr To Alsumaria: I Will Not Return To Politics Again - Urgent
Policy 2022-08-30 | 06:30 5,712 views Today, Tuesday, the leader of the Sadrist movement, Muqtada al-Sadr, renewed his retirement from political work, while indicating that he would not return to it again.
Al-Sadr, in response to Alsumaria's reporter's question about the existence of contacts with political leaders, said that "there are no contacts with political forces, and I left politics permanently and will not work with it again."
He added, “I comply with the order of my reference Mr.Haeri".
and saw Baghdad Monday (August 29, 2022), demonstrators stormed the presidential palaces inBaghdadHours after the announcement of the leader
Sadrist Movement Muqtada al-Sadr His retirement from political work permanently and the closure of all institutions, after which armed clashes and explosions broke out inside the green Zone downtown, resulted in casualties. LINK
Hamoudi Appreciates Al-Sadr's Stance: Courageous For Iraq's Sake Of Dignity And Reform
Policy 2022-08-30 | 06:42
Source: Alsumaria news 1,887 views Today, Tuesday, the head of the Islamic Supreme Council of Iraq, Hammam Hammoudi, valued the position of the leader of the Sadrist movement, Muqtada al-Sadr, on the bloody events of the Green Valley.
In a statement received by Alsumaria News, Hamoudi said, "Mr. Muqtada proved that he is the son of that school, the Al-Sadr school that sacrifices its religion and its people. A brave and responsible stance for the sake of an Iraq of dignity, reform and prosperity.
" Reform is lost and the state is lost, and there is no benefit from a failed, corrupt state.
Hand in hand the state preserves, and completes it with real reform and correction of its path and in accordance with the constitution, with the participation of all the people of Iraq and their will, and to achieve their interests in a dignified, safe and prosperous life.” A short while ago, the leader of the Sadrist movement, Muqtada al
-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour.
August 29, 2022), demonstrators stormed the presidential palaces in Baghdad hours after the leader of the Sadrist movement Muqtada al-Sadr announced his final retirement from political work and the closure of all institutions, after which armed clashes and explosions erupted inside the Green Zone in the center of the capital, resulting in casualties. LINK
An Important Directive From The Minister Of Al-Sadr To The Armed Factions In Al-Khadra - Urgent
Policy 2022-08-30 | 06:58 24,243 views Today, Tuesday, Al-Sadr Minister Saleh Muhammad Al-Iraqi called on the armed factions to withdraw from the Green Zone.
Al-Iraqi said in a blog post, which was followed by Alsumaria News, "The armed factions, even if they belong to the Popular Mobilization Forces, under any title... must leave the Green Zone... for the security forces to take charge immediately, otherwise the state will have no prestige." LINK
Integrity: Most Countries Do Not Cooperate With Iraq To Recover Its Money
Baghdad - IQ The Integrity Commission confirmed, on Monday (August 29, 2022), that most countries do not cooperate with Iraq to recover its money, while indicating the formation of several committees to return those funds from abroad.
The Director General of Recovery in the Authority, Vice President of the Iraq Funds Recovery Fund, Moataz Faisal Al-Abbasi, told the Iraqi News Agency and followed by IQ News, "Most countries do not cooperate with Iraq, as countries that have money in their banks do not give it easily and it is a general rule." .
Al-Abbasi pointed out, "The Integrity Commission is working to conclude agreements between countries for cooperation, but it collides with legal, judicial or political procedures, depending on the state and its cooperation, and therefore the matter is outside the integrity of the integrity or the Iraqi money recovery fund."
He added, "The Integrity Committee, and in accordance with the conference held in order to recover Iraq's funds abroad, formed many committees," stressing that "coordination is continuing in order to clearly implement the recommendations, and there is a lot of work with those countries."
The 8 Places Billionaires Keep Their Money
.The 8 Places Billionaires Keep Their Money
Andrew Dehan Tue, August 30, 2022
Billionaires have been able to not only acquire wealth but most have gradually built it over time. This means that many have had successful investments, which makes it natural for everyone else to wonder where they are investing or keeping their money in order to see that growth. We’ve compiled a list of some of the most common investments that billionaires make when looking for sustained growth of their money over time.
Keep in mind, though, that billionaires don’t typically manage their own money and instead choose to work with a financial advisor to help with their asset allocation.
The 8 Places Billionaires Keep Their Money
Andrew Dehan Tue, August 30, 2022
Billionaires have been able to not only acquire wealth but most have gradually built it over time. This means that many have had successful investments, which makes it natural for everyone else to wonder where they are investing or keeping their money in order to see that growth. We’ve compiled a list of some of the most common investments that billionaires make when looking for sustained growth of their money over time.
Keep in mind, though, that billionaires don’t typically manage their own money and instead choose to work with a financial advisor to help with their asset allocation.
1. Cash and Cash Equivalents
Cash and cash equivalents are common places where billionaires keep of some their money. Though not often thought of as an investment, cash is a liquid asset, meaning you can use it in a variety of ways as needs or desires arise. In a crisis, having cash on hand gives you the flexibility to respond. That’s why billionaires keep a significant portion of their money in cash and cash equivalents.
However, with current rates of inflation, cash has less of an emphasis. Inflation causes the value of money to drop, so having too much of it on hand during an inflationary period can mean you lose significantly.
2. Commodities
Commodities are often another piece of a billionaire’s portfolio, and having such assets can help hedge against risk, inflation and volatility. For instance, in a scenario where inflation is causing difficulty for the rest of the market, having investments in raw materials whose price is rising can help protect you if other parts of your portfolio are suffering. People and economies depend on commodities, and inflation makes them worth more money.
Raw materials and agricultural products – like precious metals, industrial metals like copper, oil and natural gas, coffee, corn, pork bellies and soy beans – are popular types of commodities held and traded by billionaires or their agents.
3. Foreign Currencies
Holding foreign currencies offers billionaires the potential to capitalize on fluctuations of value in various currencies. It is simply a form of diversification: Rather than have all their assets denominated in one currency, they spread some of their wealth to assets denominated in other currencies. That offers protection against one currency falling and capital appreciation if another currency in which they have assets gains value.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/8-places-billionaires-keep-money-130030395.html
Mike Maloney and Lynette Zang Tuesday PM 8-30-2022
.Mike Maloney:
The Trigger For a Post Dollar World
8-30-2022
Join Mike Maloney and Adam Taggart in today’s extended video update, focusing on what could be coming next for the global economy.
Will we see more price controls? What will the result be? Will the dollar continue to rise against other fiat currencies?
What about about gold and silver? Inflation, energy and more are all covered in this update.
Mike Maloney:
The Trigger For a Post Dollar World
8-30-2022
Join Mike Maloney and Adam Taggart in today’s extended video update, focusing on what could be coming next for the global economy.
Will we see more price controls? What will the result be? Will the dollar continue to rise against other fiat currencies?
What about about gold and silver? Inflation, energy and more are all covered in this update.
Fed Chair's Desperate Speech...HEADLINE NEWS with Lynette Zang
8-30-2022
Iraqi News Tuesday Evening 8-30-22
.Iraqi News Tuesday Evening 8-30-22
Tlm724 Administrator Bondlady’s Corner
He stressed that approving the budget prevents the disposal of the financial surplus..A government advisor denies not paying salaries at the beginning of next year
Posted On2022-08-30 By Sotaliraq Baghdad/ Firas Adnan A government advisor denied the inability to pay the employees' salaries at the beginning of next year, stressing that the failure to pass the budget does not impede the regular expenditures, but it prevents the disposal of the current surplus.
The Economic Adviser to the Council of Ministers, Haitham al-Jubouri, said, “The budget delay prevents spending from the surplus oil prices, which can only be controlled through the budget law or another law similar to emergency support for food security and development.”
Iraqi News Tuesday Evening 8-30-22
Tlm724 Administrator Bondlady’s Corner
He Stressed That Approving The Budget Prevents The Disposal Of The Financial Surplus..
A government advisor denies not paying salaries at the beginning of next year
Posted On2022-08-30 By Sotaliraq Baghdad/ Firas Adnan A government advisor denied the inability to pay the employees' salaries at the beginning of next year, stressing that the failure to pass the budget does not impede the regular expenditures, but it prevents the disposal of the current surplus.
The Economic Adviser to the Council of Ministers, Haitham al-Jubouri, said, “The budget delay prevents spending from the surplus oil prices, which can only be controlled through the budget law or another law similar to emergency support for food security and development.”
Al-Jubouri added, “The issue of salaries and the fulfillment of the financial obligations contained in the operational aspect, has nothing to do with the budget law.”
He pointed out that "Article 13 of the amended Financial Management Law No. 6 of 2019 stipulates the continuation of spending on a monthly basis at a rate of 1/12 of the last approved budget until the new budget law is approved."
And al-Jubouri, that "the investment budget for the governorates and ministries is financed by the same mechanism, depending on the achievement achieved."
The government advisor pointed out that "salaries are not affected by the presence of the budget or not, and it is clearly stipulated in the Federal Financial Management Law."
And he believed, "This does not mean that the budget is not important, because we are facing an increase in spending with the increase in the number of employees and the population, and there are new aspects of spending that will appear to the state. On investment projects, even if there is a surplus that has been achieved as a result of high oil prices.”
He stressed, "The existence of the budget is not only related to salaries, or it is limited to the operational aspect of maintenance and the provision of commodity and service requirements, but it is related to continuing to deal with population growth and high inflation rates and other aspects."
He noted, "The government is not technically unable to prepare the budget bill, but the Federal Supreme Court's decision prevented it from sending the bill to the House of Representatives for the purpose of approval."
Al-Jubouri added, "The possible solutions are either for the government to obtain a mandate from Parliament that allows it to send the two bills, or to wait for the new government."
Al-Jubouri went on to say, “The situation remains as it is, which will prompt the government to demand the House of Representatives a law that allows it to spend, as happened with the Emergency Food Security Support Law, which authorizes it to dispose of some surplus funds.”
Professors specialized in financial and constitutional law denied the possibility of the state stopping paying salaries at the end of the current year, stressing that the legislation in force obliges the state to continue spending on all its facilities even in the absence of a budget for more than a year. A professor of financial legislation at the University of Mosul, Qabas Al-Badrany, said, "The Financial Management Law No. (6) of 2019 (amended) regulated the budget preparation process, what it includes, and the cases that may occur there."
Al-Badrany added, “The third chapter of this law consists of several articles, including Article 13, which stipulates two cases. The first is the delay in approving the budget beyond the date set before December 31.”
She indicated, "The solution is through the Minister of Finance to issue a circular according to which he will spend monthly on the basis of the budget for the previous year."
Al-Badrany reported, "The law allows spending according to this mechanism until the approval of the federal budget, and this means that there is a legal extension even if the approval of the budget continues to be disrupted."
Al-Badrany stated, "The second case, referred to by the law, is the failure to approve the budget for a full fiscal year, and in this case, the final financial statements for the previous year are the same for the year that did not witness the approval of the budget."
She stressed, "The last budget approved in Iraq is for the year 2021, and therefore its data is approved on the basis of exchange, and the Minister of Finance in this case does not need approval, but merely issues a circular, and these data are submitted to the House of Representatives for the purpose of approval."
Al-Badrany went on to say, “No country in the world can dare to stop public spending, especially current expenditures such as salaries, maintenance, and daily and monthly exchange, and therefore the law in force allowed for monthly spending to be repeated on the basis of the 2021 budget in 2023.”
For his part, Professor of Constitutional Law at Al-Mustansiriya University, Wael Munther, stated that “the claim that Article 13 of the Financial Management Law cannot be applied to the next year is incorrect.”
Munther continued, "Those who support this trend have interpreted the article literally, which is incorrect, and said that the exchange on a monthly basis according to the previous budget is for one year only." He pointed out, "Adherence to this literal interpretation contradicts the principle of the permanence and continuity of the state, especially when we are under a caretaker government with daily tasks."
Munther believes, “The interpretation closest to the legal reality is to rely on the monthly percentages of the nearest approved budget if the fiscal year in which we are not witnessing the adoption of a budget.”
He stressed, "It is incorrect to say that salaries will stop at the end of the current year, because the budget has not been approved for two consecutive years."
Munther concluded, “The government should be committed to paying salaries and spending from the operating budget, because we are facing a basic principle on which the state is based, which is the principle of permanence and continuity of the public utility represented by the state.” LINK
The Federation Of Industries Launches An Initiative To Provide Support From National Production To Local Markets
Tue, 30 Aug 2022 11:03 AM Baghdad / National News Center Today, Tuesday, the Iraqi Federation of Industries launched an initiative to provide support from national production for local markets.
The head of the Iraqi Federation of Industries, Adel Akab, said in a statement received by the National News Center, “To the brothers, heads of industrial chambers, offices, bodies, and owners of industrial projects, through the developments witnessed by the Iraqi reality during these days, we appeal to you and urge you to prove your patriotism and love for the homeland and a message of reassurance to all society Iraqi industrialists are ready to extend a helping hand and help by providing support and assistance from local production to local markets.
He added, "This is a great initiative and a great role for the private industrial sector, and to prove to the state and the citizen that the local industry is the main pillar in relying on it in times of crises and in the normal situation, so you have to contribute to continuing to work, supplying markets and expressing cooperation with the segment of citizens." https://nnciraq.com/149463/
UNAMI Welcomes The Position Of Muqtada Al-Sadr
Tuesday, 30 August 2022 1:53 PM Baghdad/National News Center Today, Tuesday, the United Nations Mission in Iraq (UNAMI) welcomed the position of Muqtada al-Sadr, and his call for restraint.
The United Nations mission in Iraq said in a statement, received by the National News Center, that it "welcomes the recent moderate announcement by Muqtada al-Sadr, as it was mentioned yesterday, that restraint and calm are necessary for reason to prevail." https://nnciraq.com/149545/
The Two Regimes, The Saddamist And The Current Ones, Are Equal In Corruption And Theft Of The People
private files , 2022/08/26 23:59, the number of readings: 1227 Baghdad - Iraq today: Fahim Issa Al-Saleem The (regulation of corruption) in Iraq began many years before the fall of the previous regime, perhaps the end of the seventies and the beginning of the slide of the Iraqi dinar.
In only ten years (1980-1991) the Iraqi dinar lost 90% of its value without a corresponding increase in the purchasing power of the employee and retired citizen, and
most of the class shifted Central to poor, and the pillars of Iraqi society lost their personality and dignity and were forced to either beg of all kinds or take the wrong way.
Bribery operations spread widely.
The process of public theft of the State of Kuwait carried out by the state and the ruling party and the spread of its sale in all of Iraq amounted to a process of legitimizing theft.
The dangerous slide in the value of the currency and the downturn of the economy in the following five years, 1991-1996, which were the years of the siege, was a crushing blow, as the value of the dinar fell. 1000 times during the period from three dinars to the dollar to three thousand to the dollar, and thus the Iraqi people lost all their wealth and all their savings,
while the ruling class of the rank of general manager and member of the division and above and the senior officers of the army, security and intelligence enjoy gifts, cars and everything and the mass migration increased the pain as it delivered Families are left with smugglers.
We have come to change the Baathist regime and we are fully prepared to slip into a worse situation under the Western umbrella, with the blessing of all of Iraq's neighbors,
as you can see today that the Iraqi dinar is still today 5,000 times less than its original value in 1980 and 500 times less than its value in 1991.
The Baath state seemed cohesive from the outside because of an organized dictatorship that affected everything and anything,
but it was permeated with inherent corruption, the almost complete collapse of its economic and human structures, and the exodus of millions of Iraqis who are the butter of the Iraqi people.
Linked to parties outside the borders, it has established large organizations and networks for looting and legitimized the theft of public money, and of course helped by banking chaos, as dozens of private banks were established, and the currency auction was the central bank, the main financier of corruption deals, in addition to the well-known suspicions of government banks.
As for the judiciary, it was never spared from organized corruption, as judges from the wombs of parties and militias were bred and bred.
They climbed the pyramid of judicial power and consolidated their control today over most of the joints of the Federal Court, the Supreme Judicial Council and the major courts.
Be confident that the conflict between the two Shiite currents and the conflict between the two Kurdish currents, the conflict between the Sunnis, the conflict within the parliament and its committees, the prosecution, and judicial sparring have nothing to do with your homeland, Iraq, its interests, hunger, thirst and loss of electricity.
The battle over how to divide the four hundred million dollars that enters Iraq daily, and the best way to loot it is the cooperation between the oil companies and the shares of Iran, Turkey, Jordan and the West from it. Who will be the Savior? https://iraqtoday.com/news/65600/النظامان--الصدامي-والحالي-متساويان-في-الفساد-وسرقة-الشعب
To read more current and reliable Iraqi news please visit BondLady’s Corner:
More News, Rumors and Opinions Tuesday Night 8-30-2022
.KTFA:
Samson: American companies want to return to Russia from the window
30th August, 2022
The Yeni Safak newspaper, which is close to Turkish business circles, reported that American companies that left Russia due to the situation in Ukraine are looking for a way to secretly return to the Russian market through Turkey.
The newspaper said: "Many American companies want to circumvent the sanctions imposed by the West on Russia, and in doing so they offer some Turkish companies the implementation of the common business in return for a certain commission."
KTFA:
Samson: American companies want to return to Russia from the window
30th August, 2022
The Yeni Safak newspaper, which is close to Turkish business circles, reported that American companies that left Russia due to the situation in Ukraine are looking for a way to secretly return to the Russian market through Turkey.
The newspaper said: "Many American companies want to circumvent the sanctions imposed by the West on Russia, and in doing so they offer some Turkish companies the implementation of the common business in return for a certain commission."
The newspaper quoted Turkish businessmen as saying that the number of these offers from American companies has increased in recent months.” The newspaper asserts that American companies operate along the road between Russia, Turkey, Dubai and the United States, and through it buy goods from Russia.
The article said: “Many international companies headquartered in the United States, using their subsidiaries located in Dubai free zones, to carry out this business. American companies that make such joint business offers to Turkish companies, resort to this method to cover their losses in Russian market. LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: REPORT 1: Sadr group of new followers are outside of green zone in large masses and hit by water cannons from security to turn back... REPORT 2: A lot going on now in the streets. Kazemi is on television saying protesters please stop, obey and be non-violent and stop this! And he said all security forces are to not use live bullets or shoot at anyone...you are required to protect them... [Post 1 of 2....stay tuned]
Frank26 [Iraq boots-on-the-ground report] UN says they have the right to step into any country and demolish the political issues to avoid bloodshed and have not reached that yet in Iraq but are concerned. REPORT 3: All hell is breaking loose in the green zone. 12 have been killed. Over 260 injured as Sadr protesters storm the green zone. Curfew now in effect for us...The streets are not clear. Folks are demanding parliament be dissolved and many are not leaving. Saying they would rather die than ruled by Iranian backed militia. The streets are ugly. [Post 2 of 3....stay tuned]
Frank26 [Iraq boots-on-the-ground report] REPORT 4: Sadr said he's done with the political world that set his followers off...it's bad in the streets and the Framework is killing people in the streets. REPORT 5: Sadr making new remarks now he's saying for all Framework to quit the political scene and let the people of Iraq vote for the government. Sadr calling for calm and stop all violence. [Post 3 of 3]
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ALERT! Copper Default? As Globalization ENDS What Happens to Commodities...Like SILVER?!
(Bix Weir) 8-30-2022
We are in the End Game. It will only get worse as Globalization reverses and we can no longer get ANY products that doesn't originate in our own country...which is VERY LITTLE!!
Get your Silver & Cryptos in your own possession and you just MAY be able to thrive AFTER THE CRASH!!
Fed WARNS Of Inflation "AFTERSHOCKS" As The Economy Continues To Crater FASTER..
Greg Mannarino: 8-30-2022
Tuesday Evening Chat With MarkZ 8-30-2022
.Tuesday Evening News with MarkZ 08/30/2022
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening everybody
Member: I really hope Iraq is able to pull through this turmoil and get the rv done
Member: Aside from the usual Iraq, what else seems to be the holdup here?
Member: Good Evening Mark. I had an amusing thought.. we're all depending upon foreign currency to get rich based on the reliability of the most unreliable government on the face of the Earth !
Member: Mark, anything new for us tonight???
Tuesday Evening News with MarkZ 08/30/2022
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening everybody
Member: I really hope Iraq is able to pull through this turmoil and get the rv done
Member: Aside from the usual Iraq, what else seems to be the holdup here?
Member: Good Evening Mark. I had an amusing thought.. we're all depending upon foreign currency to get rich based on the reliability of the most unreliable government on the face of the Earth !
Member: Mark, anything new for us tonight???
MZ: What’s going on in the middle east right now is pretty indicative…the news is crazy.
MZ: I found Bluwolfs number, I’ve had it for a long time and we had a short chat. I’m going to read this one. He wanted everybody to know that when he popped up on all the boards a day or two ago that wasn’t him. It was an old re-edited one. I have had that happen to me too….He and I are of the mindset this is 3 letter agencies doing some serious trolling of everybody…so be careful what you see on the boards in the coming days.
MZ: So unless you personally see me say this on a live broadcast …Don’t believe it. That is my suggestion to you guys. There is a tremendous amount of misinformation being sown.
MZ: Bluwolf wants folks to know he is under an NDA so you are not going to see him post. He is honoring that NDA
MZ: “ Egypt plans to issue $500m bonds in Chinese Yuan” I think this is important.
MZ: “Iran closes the border with Iraq, flights paused from Gulf carriers on fears of a new Civil War”
MZ: And then later in the same day we see “ Calm returns to Baghdad as supporters of Iraqi cleric heed call to stand down” In other words people packed up and went home…..no civil war here.
MZ: What I am hearing from my contacts on the ground is that they think they are in a “good spot” With calm returning the Supreme Court is going to strike down the emerging government and allow the caretaker government to take back control so they can move forward with their “white paper” reforms and rates ….then they can move on to have open and fair elections.
MZ: I am hearing things are quickly turning positive in Iraq. They think the caretaker government will be back in a place over the next day or two with the reforms. .
Member: Mark-Iraq reinstates now and then revalue’s when ready?
Member: So, does that mean we have to wait until they elect a new government?
MZ: No, The CBI has told us over and over again that they are in control of it. The government isn’t , BUT they would like to see stability before they pull the trigger.
Member: Mark, didn’t you tell us Iraq has set the rate and the white papers were finished about a week ago?
MZ: I was told that yes, they know their rate and they know their timing. The question is “Has this political flare up change this in any way?? But they say they have a specific plan at this point.
MZ: It’s been quiet in the redemption areas of Zurich, Reno, Miami and Hong Kong. Folks have been very quiet there.
Member: Mark do you think we are going to have a great holiday season this year?
Membr: So, next week?
MZ: I am still of the mindset we could be “any moment” . A lot of folks are looking toward end of Sept/Oct….but I think its going to be sooner.
Member: kim clement when things seem at their worse… then suddenley,suddenly
Member: Does anyone else wish you could just hibernate like a bear in a cave and wake up months later to a fresh new world?!?
Member: This movie needs to end. Feels like abuse at this point
Member: hold on- It’s coming and it will be worth all our pain once it happens.
Member: Thanks Mark and Mods…..have a blessed evening.
Mod: THANKS FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL TOMORROW FOR COFFEE AT 10:00 AM EST UNLESS THERE IS BREAKING NEWS! MARK WILL TWEET WITH ANY NEWS UPDATES. MARK’S TWITTER @ORIGINALMARKZ
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
The next stream is tomorrow at 10Am est……..
Awake-in 3D: "US Dollar Losing World Reserve Status" 8-30-2022
.From Awake-in-3D: GCR Real-Time News Telegram Room
Even Chairman Chief Bankster of investment firm Rockefeller International sees US Dollar losing World Reserve Status
When Banksters begin espousing the reality of an ongoing global currency shift, especially in the Financial Times, there can be little doubt that we have crossed the Rubicon. General Caesar realized in 49 BCE, “there’s no going back”, once his armies crossed that stream and entered Rome Proper which created a civil war and eventually ended the Roman Empire.
Today, our modern-day Caesar’s are realizing the same. There’s no going back from the USA’s financial empire drawing to its logical conclusion.
From Awake-in-3D: GCR Real-Time News Telegram Room
Even Chairman Chief Bankster of investment firm Rockefeller International sees US Dollar losing World Reserve Status
When Banksters begin espousing the reality of an ongoing global currency shift, especially in the Financial Times, there can be little doubt that we have crossed the Rubicon. General Caesar realized in 49 BCE, “there’s no going back”, once his armies crossed that stream and entered Rome Proper which created a civil war and eventually ended the Roman Empire.
Today, our modern-day Caesar’s are realizing the same. There’s no going back from the USA’s financial empire drawing to its logical conclusion.
For the first time since the first Breton Woods Treaty established the Dollar as the World’s reserve currency, the USD share of global foreign exchange (FX) reserves has dropped to 59% amongst the baskets of other nation’s central bank holdings. That’s significant.
So when Chief Banksters begin publicizing this fact, there’s no looking back, only forward to what’s next.
What’s next is the endgame battle between Our GCR and the Central Planner’s Great Reset (via Central Bank Digital Currencies). The former is Freedom. The latter is totalitarian control. The battleground will be the USA and Europe vs. the rest of the world (led by BRICS nations and their allied states).
As the USD begins a precipitous weakening and further decline in global FX holdings, the FED’s/ECB’s CBDCs will be held up as the solution. The rest of the world will formally solidify their asset-backed currency baskets already in progress. Real money vs. digital fiat currency.
What brings confidence that Our GCR will win is the fact that the USA and Europe are completely dependent on imports from the rest of the world (everything at Amazon, Walmart, Target, etc. and also most industrial raw materials).
When no exporting nation will accept CBDCs as trade payment, the USA will be forced to consider asset-backing the Dollar (the Euro will be abandoned in favor of a return to her previous sovereign currencies such as the Deutschmark, Franc, and Lira).
This is the trigger for the General Redemptions release of gold collateral to back new USTN and other Western currencies. And prior to this, all historical bonds and artificially depressed currencies will RV/Exchange/Redeem via the GCR Platforms (already in place). Oh happy day.
@GCR_RealTimeNews
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Reference article:
"Don't Be Fooled By Recent Strength... A Post-Dollar World Is Coming"
by Tyler Durden Tuesday, Aug 30, 2022 - 08:10 AM
Authored by Ruchir Sharma, op-ed via The Financial Times,
The currency may look strong but its weaknesses are mounting...
This month, as the dollar surged to levels last seen nearly 20 years ago, analysts invoked the old Tina (there is no alternative) argument to predict more gains ahead for the mighty greenback.
What happened two decades ago suggests the dollar is closer to peaking than rallying further. Even as US stocks fell in the dotcom bust, the dollar continued rising, before entering a decline that started in 2002 and lasted six years. A similar turning point may be near. And this time, the US currency’s decline could last even longer.
Adjusted for inflation or not, the value of the dollar against other major currencies is now 20 per cent above its long-term trend, and above the peak reached in 2001. Since the 1970s, the typical upswing in a dollar cycle has lasted about seven years; the current upswing is in its 11th year. Moreover, fundamental imbalances bode ill for the dollar.
When a current account deficit runs persistently above 5 per cent of gross domestic product, it is a reliable signal of financial trouble to come. That is most true in developed countries, where these episodes are rare, and concentrated in crisis-prone nations such as Spain, Portugal and Ireland. The US current account deficit is now close to that 5 per cent threshold, which it has broken only once since 1960. That was during the dollar’s downswing after 2001.
Nations see their currencies weaken when the rest of the world no longer trusts that they can pay their bills. The US currently owes the world a net $18tn, or 73 per cent of US GDP, far beyond the 50 per cent threshold that has often foretold past currency crises.
Finally, investors tend to move away from the dollar when the US economy is slowing relative to the rest of the world. In recent years, the US has been growing significantly faster than the median rate for other developed economies, but it is poised to grow slower than its peers in coming years.
If the dollar is close to entering a downswing, the question is whether that period lasts long enough, and goes deep enough, to threaten its status as the world’s most trusted currency.
Since the 15th century, the last five global empires have issued the world’s reserve currency — the one most often used by other countries — for 94 years on average. The dollar has held reserve status for more than 100 years, so its reign is already older than most.
Read full post here: https://www.zerohedge.com/geopolitical/dont-be-fooled-recent-strength-post-dollar-world-coming
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Tuesday AM Iraq Economic News Highlights 8-30-22
.Tuesday AM Iraq Economic News Highlights 8-30-22
Curfew In Iraq .. Concern About High Prices And An Economist Determines A Solution
Shafaq News/ The imposition of a comprehensive curfew in Iraq has caused concern among Iraqis, especially the earners of them, as a result of the suspension of their work, amid anticipation of what will happen in the future in light of a difficult economic situation, while an economic expert reduced the "fear" as a result of the actions of economic organizations to confront the current situation. .
The economic expert, Rashid Al-Saadi, told Shafaq News, "The private sector and in any country in the world is greatly affected by the turbulence and instability, but in Iraq, there are many measures, especially what professional organizations are doing, including the Baghdad Chamber of Commerce, the Federation of Chambers of Commerce, and the Federation of industries, and others, by helping to avoid this problem.”
Tuesday AM Iraq Economic News Highlights 8-30-22
Curfew In Iraq .. Concern About High Prices And An Economist Determines A Solution
Shafaq News/ The imposition of a comprehensive curfew in Iraq has caused concern among Iraqis, especially the earners of them, as a result of the suspension of their work, amid anticipation of what will happen in the future in light of a difficult economic situation, while an economic expert reduced the "fear" as a result of the actions of economic organizations to confront the current situation. .
The economic expert, Rashid Al-Saadi, told Shafaq News, "The private sector and in any country in the world is greatly affected by the turbulence and instability, but in Iraq, there are many measures, especially what professional organizations are doing, including the Baghdad Chamber of Commerce, the Federation of Chambers of Commerce, and the Federation of industries, and others, by helping to avoid this problem.”
He added, "These organizations provide the requirements and needs of citizens, by granting bags (special licenses) to merchants and means of transportation, to ensure that there is no shortage of food, and this is what happened previously in the Corona pandemic crisis, and in other similar cases."
The economic expert expressed his "hope" that the private sector would respond to the instructions of the Chambers of Commerce and the Baghdad Chamber of Commerce in this regard, and not to resort to increasing prices," noting that "the materials are available, and certainly there will be government steps to facilitate the entry of foodstuffs imported from abroad with full flow."
And on the impact of closing markets on citizens, especially the earners, the economist explained, “The private sector will certainly be greatly affected, and they will suffer losses, but this will be avoided by giving them special approvals to transport their goods and open their markets, so there must be procedures between the Ministry of Trade and the Ministry of Interior. and professional organizations, each in his governorate.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq, from seven in the evening, Monday, until further notice.
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone.
Violent clashes are taking place with medium and heavy weapons in the Green Zone, which includes government headquarters and diplomatic missions, as the vicinity of the US embassy building was bombed with five mortar missiles, and the Dutch authorities evacuated its embassy staff in Baghdad to another place as a result of the tense situation.
So far, dozens of protesters and Iraqi security forces have been killed and wounded, as a result of the clashes that took place inside the Green Zone, since the riot police began trying to break up the Sadrist protests in the government palace.
This escalation comes against the background of the leader of the Sadrist movement, Muqtada al-Sadr, announcing his retirement from political work and the closure of all political, media and social institutions associated with him, and stressing his followers not to use his name or the name of the movement in any political or media activity.
As a result, the Green Zone and government institutions in a number of southern governorates became a field of clashes after the Sadrists began the "zero hour", turning their sit-in into a general rebellion and mobilization. LINK
Because Of The Ban, The Iraqi Stock Exchange Suspended Its Activity
Shafaq News/ The Iraq Stock Exchange announced today, Tuesday, that it has suspended its activity as a result of the curfew.
The market said in a brief statement received by Shafak News Agency, that "the market will not organize the trading session today, because it is an official holiday."
The market organizes five trading sessions a week from Sunday to Thursday, in which 103 Iraqi joint stock companies represent the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels and services.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq until further notice.
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone. LINK
“Closing To Travelers Only” .. Continuing Commercial Traffic Between Iraq And Iran
Shafaq News/ Officials confirmed today, Tuesday, the continuation of commercial traffic between Iraq and Iran, noting that the closure is for travelers only.
A senior Iraqi security official in Diyala told Shafaq News Agency, that the Iranian authorities, in agreement with the Iraqi side, issued orders to stop the influx and entry of Iranian visitors heading to the holy shrines for security reasons against the background of violent events in the Green Zone and several provinces, indicating that the decision is temporary until the security situation is established. The reopening of roads and the lifting of the curfew.
The security official explained that stopping entry of Iranian visitors came as a precautionary security precaution to protect visitors from any security risk, stressing at the same time that the Al-Mandhiriya port is carrying out its commercial activity normally and has not been affected by the violence.
And he indicated that the commercial convoys are still arriving from the Iranian side without any obstacles or obstacles.
For its part, the administration of the Haj Omran border crossing issued a clarification regarding travel to Iran, and said in a statement received by Shafaq News Agency, "We note that the Haj Omran border crossing is closed to citizens traveling to Iran, after we were informed by the administration of the Tamrjin crossing, located on the Iranian side, that the crossing was closed. For citizens to travel to Iran until further notice."
The statement indicated that "commercial traffic at the crossing will remain open normally."
Today, Tuesday, the Iranian Ministry of Interior announced the closure of the land borders with Iraq, against the backdrop of security tensions in central and southern Iraq.
The semi-official IRNA news agency quoted Iranian Deputy Interior Minister for Security and Law Enforcement Affairs Majid Mirahmadi as saying, in the wake of developments, unrest and the imposition of a curfew in several Iraqi cities, the land borders of the Islamic Republic of Iran and Iraq have been closed until further notice.
He also called on visitors to the holy shrines and those who intend to travel to Iraq not to go to the land borders, indicating that news and additional information will be announced by the Ministry of Interior. LINK
The Dollar And Gold Exchange Stopped Trading In Baghdad
Shafaq News/ The main stock exchange for selling the dollar in the Al-Kifah and Al-Harithiya markets, as well as the "wholesale" gold markets in the Iraqi capital, Baghdad, stopped trading today, Tuesday, as a result of the comprehensive ban that has been applied since yesterday, while the dollar exchange rates rose in Erbil, the capital of Kurdistan Region.
Shafak News Agency correspondent said that the main stock exchange in Al-Kifah and Al-Harithiya markets in Baghdad, which is specialized in trading the US dollar exchange, and wholesale gold markets in Al-Nahr Street in the center of the capital, has closed its doors today, as a result of the curfew, and the security events taking place in Baghdad and a number of provinces.
In Erbil, the capital of the Kurdistan Region, the dollar prices witnessed an increase, as the selling price reached 148,400 dinars per 100 US dollars, and the purchase price reached 148,300 dinars per 100 dollars. LINK
The Dollar Is At Its Highest Level In 20 Years
Arabic and international Economy News – Baghdad The US dollar soared to its highest level in 20 years against other major currencies on Monday after Federal Reserve Chairman Jerome Powell indicated that interest rates will remain high for a longer period in order to rein in spiraling inflation.
The dollar index, which measures the value of the US currency against a basket of other currencies, rose to a new high it had not reached in two decades at 109.48.
This left the European currencies in the doldrums even though the hawkish statements of the European Central Bank boosted expectations of a rate hike in September.
The euro fell 0.25 percent in early European trade to $0.99415, close to its lowest level in 20 years, while the pound fell to its lowest level in two and a half years.
London markets were closed for a public holiday.
Speaking at a central bank symposium in Jackson Hole, Wyoming, on Friday, Powell said that the Federal Reserve will raise interest rates to the highest level necessary to restrain growth, and will keep them at that level “for some time” to reduce inflation, which has reached more than three times the Fed’s target rate of two percent. 46 . views Added 08/29/2022 - 5:49 PM Update 08/30/2022 - 2:07 PM
https://economy-news.net/content.php?id=29506
After Slight Gains, Oil Prices Are Declining
Economie 2022-08-30 | 02:06 1,228 views The head of the International Energy Agency said on Monday that Russian oil production has exceeded expectations in the wake of the war in Ukraine, which is also affecting prices. But he said Moscow would find it increasingly difficult to maintain production as it began to suffer from Western sanctions imposed over the Ukraine war.
The head of the agency also said that member states could withdraw more oil from the strategic petroleum reserves if they found it necessary when the current program ended.
But the political violence in Iraq, the second largest producer in the Organization of Petroleum Exporting Countries (OPEC), on Monday evening supported prices.
Security forces and factions loyal to Shiite cleric Muqtada al-Sadr clashed in the Green Zone, which includes government headquarters and embassies in the capital, Baghdad, killing 20, in a long-running dispute over the formation of a new government since last year's elections.
"As a major oil exporter with production of more than 4 million barrels per day, the impact of the domestic situation (in theIraq) on oil prices not less than Iran."
Shortage of supply also gave support to prices. Saudi Arabia, the largest producer in OPEC, last week raised the possibility of production cuts
that sources said could coincide with an increase in supply from Iran if it reached a nuclear deal with the West.OPEC +, which includes OPEC members and allied producers led by Russia, will meet on September 5 September to determine production policy.
The American Petroleum Institute is scheduled to release data on crude stocks in the United States on Tuesday, followed by data from the US Energy Information Administration on Wednesday.
A preliminary survey conducted by Reuters On Monday, US crude stocks likely fell 600,000 barrels last week, as did gasoline and distillate stocks. LINK
Tuesday AM Iraq Parliament News Highlights 8-30-22
.Tuesday AM Iraq Parliament News Highlights 8-30-22
Was Sadr's initiative welcomed by Iraqis and political parties?
"By the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen, whether the people want to strike or civil disobedience."
The Independent Arabic Monday August 29 2022 0:52 Supporters of Muqtada al-Sadr outside the headquarters of the Supreme Judicial Council on August 23 (AFP)
The leader of the Sadrist movement , Muqtada al-Sadr, gained support from Iraqis after his close associate, Saleh Muhammad al-Iraqi, announced a new initiative that would exclude political parties and the establishment of the current political system from participating in the upcoming elections.
Tuesday AM Iraq Parliament News Highlights 8-30-22
Was Sadr's initiative welcomed by Iraqis and political parties?
"By the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen, whether the people want to strike or civil disobedience."
The Independent Arabic Monday August 29 2022 0:52 Supporters of Muqtada al-Sadr outside the headquarters of the Supreme Judicial Council on August 23 (AFP)
The leader of the Sadrist movement , Muqtada al-Sadr, gained support from Iraqis after his close associate, Saleh Muhammad al-Iraqi, announced a new initiative that would exclude political parties and the establishment of the current political system from participating in the upcoming elections.
Many popular circles welcomed the initiative that might rid them of the ruling class since 2003. Considering that this is the only solution to end the crisis that the political process is going through and establish a new system that will gain popular and international support.
Citizen Muayyad Abed says that Sadr's new initiative has gained acceptable support from popular circles, because the corrupt political class that came after 2003 bears the country's decline in many sectors and services provided to the people.
Civil disobedience
The independent politician Laith Shubra expected the leader of the Sadrist movement to declare civil disobedience and disrupt the executive institution, indicating that this step would paralyze the entire state.
Shubr said in a televised statement, "The leader of the Sadrist movement plans to withdraw all workers in the executive government sector from his followers in preparation for an escalatory step."
He added, "Continued failure and Sadrist escalation will paralyze all institutions in Iraq after completely disrupting legislative work, and then judicial , and currently the goal is executive."
He continued, "Withdrawing al-Sadr's supporters from the government will have a pretext for declaring civil disobedience throughout the country and ending the presence of the authorities to bring about change."
People's fight against corruption
On the other hand, the leader of the Sadrist movement, Sabah Al-Saadi, said that what is currently taking place is "a battle of reform and there is no retreat in it." Al-Saadi confirmed in a statement that "Al-Sadr's positions are not vacillating or vacillating, but are required by the issues that are raised," noting that "the battle now is the people's battle against corruption and failure, and that the reference confirmed in more than one sermon that the battle for reform has been long overdue."
He added that "the political forces of a Shiite sectarian nature do not represent Shiism ideologically, but rather represent their political vision, ideas and electoral programs without any relation to the ideological and social future of Shiites."
And he indicated that "the coordinating framework is a house of divorce and divorce, the people divorced them on the one hand, and the reference expelled them on the other hand," noting that "the Kurds and Sunnis did not unifiedly enter the political process."
He continued, "We have not partnered with the corrupt, and we have a vision for a reform process, and we do not regret leaving the political process and our deputies leaving Parliament," noting that "the blocking third is not constitutional, and talking about that is a fantasy."
On the other hand, Al-Saadi said that "the frameworks did not put forward a real initiative to remove the corrupt, and they want a government during the election period that will facilitate their access despite the will of the voters, and this is the reason for their efforts to change the current government." Al-Saadi stressed that "by the end of the 72 hours, al-Sadr will lift his hand from any interference in what will happen next, whether the people want to strike, sit-in or civil disobedience."
Saleh Muhammad al-Iraqi, known as "Minister al-Sadr", had conveyed a message from the leader of the Sadrist movement, who pointed out that "there is more important than dissolving parliament and holding early elections, and the most important thing is the non-participation of all parties and personalities that have participated in the political process since the US occupation in 2003." To this day, with all its details, leaders, ministers, employees, and special ranks are affiliated with the parties, but absolutely, including the Sadrist movement. I say that with full mouth.
He added, "This is in place of all the initiatives that some are seeking, including the United Nations, and I thank them, and I am ready, within a maximum period of (72) hours, to sign an agreement that includes this. in a bloody way."
And he continued, "If this is not achieved, there is no room for reform, and therefore there is no need for me to interfere with what is happening in the future, neither with a tweet nor with anything else."
Exacerbate discord and political strife
On the other hand, the coordination framework that brings together the Shiite political forces, with the exception of the Sadrist movement, on Saturday, rejected Al-Sadr's initiative to exclude prominent blocs and parties from the next stage as a solution to the political crisis.
"It is not possible to isolate the blocs and parties from the next stage by not involving them in the elections or in the political and governmental scenes, especially since these parties have popular bases, and these rules will not allow any party to confiscate its opinion in Choosing a political and parliamentary representative.
Al-Hilali revealed that "Al-Sadr's initiative that he announced will not solve the crisis, but rather will increase the dispute and political conflict, as it is rejected by all political parties, not just Shiites. The Iraqi political blocs and parties will not allow any party to be absent from the political scene under any title." LINK
After The Demonstrators Withdrew From Parliament .. Barzani Invites Political Forces - Urgent
Policy 2022-08-30 | 07:37 3,621 views Today, Tuesday, the President of the Kurdistan Region, Nechirvan Barzani, praised the move of the leader of the Sadrist movement, Muqtada al-Sadr, and his demand to end tensions in the capital, Baghdad.
Barzani said in a tweet followed by Alsumaria News, "We welcome the position of His Eminence Muqtada al-Sadr and his demand to end tensions and withdraw his supporters from the Green Zone, and we support his responsible national position, hoping that safety and stability prevail in the country."
He continued, "We reiterate our call to all forces and parties for dialogue in order to solve problems and save Iraq from this difficult situation." LINK
The First Comment From Al-Amiri After Al-Sadr Called For The Demonstrators To Withdraw - Urgent
Policy 2022-08-30 | 07:21 Source: Alsumaria news 12,853 views Today, Tuesday, the head of the Al-Fateh Alliance, Hadi Al-Amiri, praised the step of the leader of the Sadrist movement, Muqtada Al-Sadr, to put an end to armed violence.
Al-Amiri said in a statement received by Alsumaria News, "The initiative of Mr. Muqtada al-Sadr to put an end to armed violence is a courageous initiative that deserves appreciation and praise.
He called on everyone to "follow the example of Mr. Muqtada al-Sadr with similar steps to stop bloodshed and cut off sedition, and we call for the cooperation of all national forces in order to remedy the effects of the crisis and move forward to get out of the political blockage that our honorable and patient people are paying for." LINK
After The Withdrawal.. Al-Sadr's Minister Sends A Message To The Demonstrators - Urgent
Policy 2022-08-30 | 07:19 2,805 views Alsumaria News – Politics The Minister of Al-Sadr, Saleh Muhammad Al-Iraqi, sent a message to the demonstrators withdrawing from the Green Zone in response to the call of the leader of the Sadrist movement, Muqtada Al-Sadr.
Al-Iraqi said in a blog post, which was followed by Alsumaria News, "Oh (peaceful) revolutionaries, you have fulfilled and are satisfied,
and we will not allow you to be attacked, as you are the protectors of reform, and we will not allow a new corruption led by the corrupt, thank you."
A short while ago, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour.
Today, Tuesday, Alsumaria correspondent reported that the tents and marquees had begun to be lifted in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr.
On Monday (August 29, 2022), demonstrators stormed the presidential palaces in Baghdad hours after the leader of the Sadrist movement Muqtada al-Sadr announced his final retirement from political work and the closure of all institutions, after which armed clashes and explosions erupted inside the Green Zone in the center of the capital, which resulted in casualties. LINK
Starting To Raise The Tents In Front Of The Parliament Building (Photos) - Urgent
Policy 2022-08-30 | 07:06 5,406 views Alsumaria News – Localities Today, Tuesday, Alsumaria correspondent reported that the tents and marquees had begun to be lifted in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr.
The reporter said, "The protesters raised tents and marquees in front of the parliament building in response to the call of the leader of the Sadrist movement, Muqtada al-Sadr."
A short while ago, the leader of the Sadrist movement, Muqtada al-Sadr, directed the withdrawal of the Sadrist movement from Parliament within one hour.
Today, Tuesday, the Joint Operations Command decided to lift the curfew in Baghdad and the provinces.
Earlier, the Joint Operations Command announced the imposition of a comprehensive curfew in the capital, Baghdad, including vehicles and citizens, as of three thirty in the afternoon (yesterday, Monday).
After that, the subscriber announced the imposition of a comprehensive curfew in all governorates of the country, starting from seven in the evening, Monday, and until further notice.
On Monday (August 29, 2022), demonstrators stormed the presidential palaces in Baghdad hours after the leader of the Sadrist movement Muqtada al-Sadr announced his final retirement from political work and the closure of all institutions, after which armed clashes and explosions erupted inside the Green Zone in the center of the capital, which resulted in casualties. LINK
Some "Tuesday Iraq News" Posted by Samson at KTFA 8-30-2022
.KTFA:
Samson: Because of the current situation, Kuwait asks its nationals who are in Iraq to leave
30th August, 2022
Today, Tuesday, the Kuwaiti embassy in Baghdad urged its nationals to leave Iraq, and those wishing to travel there to postpone this due to the security conditions in the country.
And according to what was reported by the official news agency "KUNA", "the Kuwaiti embassy called on its citizens who are in Iraq to communicate with it on the emergency phone, after the chaos in the capital, Baghdad and other provinces, and clashes between Shiite factions competing for power."
The embassy also called on those who wish to travel to Iraq to postpone it due to the conditions in the country. LINK
KTFA:
Samson: Because of the current situation, Kuwait asks its nationals who are in Iraq to leave
30th August, 2022
Today, Tuesday, the Kuwaiti embassy in Baghdad urged its nationals to leave Iraq, and those wishing to travel there to postpone this due to the security conditions in the country.
And according to what was reported by the official news agency "KUNA", "the Kuwaiti embassy called on its citizens who are in Iraq to communicate with it on the emergency phone, after the chaos in the capital, Baghdad and other provinces, and clashes between Shiite factions competing for power."
The embassy also called on those who wish to travel to Iraq to postpone it due to the conditions in the country. LINK
Samson: Iran closes the land border with Iraq
30th August, 2022
The Iranian Ministry of Interior announced, on Tuesday, the closure of the land borders with Iraq, against the backdrop of security tensions in central and southern Iraq.
The semi-official IRNA news agency quoted Iranian Deputy Interior Minister for Security and Law Enforcement Affairs Majid Mirahmadi as saying, in the wake of developments, unrest and the imposition of a curfew in several Iraqi cities, the land borders of the Islamic Republic of Iran and Iraq have been closed until further notice.
He also asked visitors to the holy shrines and those who intend to travel to Iraq not to go to the land borders, indicating that news and additional information will be announced by the Ministry of Interior.
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Samson: Because of the ban, the Iraqi Stock Exchange suspended its activity
30th August, 2022
The Iraq Stock Exchange announced today, Tuesday, that it has suspended its activity as a result of the curfew.
The market said in a brief statement received by Shafak News Agency, that "the market will not organize the trading session today, because it is an official holiday."
The market organizes five trading sessions a week from Sunday to Thursday, in which 103 Iraqi joint stock companies represent the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels and services.
On Monday, the Joint Operations Command announced a comprehensive curfew in all governorates of Iraq until further notice
And the Iraqi Prime Minister, Mustafa Al-Kazemi, directed, on Monday evening, to suspend the official working hours for tomorrow, Tuesday, in all governorates of the country, and to continue the comprehensive curfew, against the background of recent developments and clashes in the Green Zone.
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Samson: The Iraqi authorities decide to lift the curfew in Baghdad and the provinces
30th August, 2022
The Iraqi authorities decided today, Tuesday, to lift the curfew in Baghdad and the provinces, less than 24 hours after it was imposed yesterday.
The Joint Operations Command said, in a brief statement, received by Shafak News Agency, it was decided to lift the curfew in Baghdad and the provinces.
For his part, Iraqi Prime Minister Mustafa Al-Kazemi said that Al-Sadr's call to stop the violence represents the highest levels of patriotism and keenness to preserve Iraqi blood, noting that his speech bears a moral and patriotic responsibility for everyone to protect Iraq's capabilities, stop the language of political and security escalation, and initiate rapid and fruitful dialogue to resolve crises. LINK
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Samson: After al-Sadr put an end to the scene of confrontations, the features of the state return after a war that lasted "night and day"
30th August, 2022
After a day and a night of armed confrontations, at noon today, Tuesday, the features of the state returned to the fore again with its "absence" from the scene as a result of the spread of weapons and war inside the Green Zone.
At Al-Tayaran Square, as well as at the borders of Al-Jumhuriya Bridge leading to one of the gates of the Green Zone, Shafaq News Agency's camera documented the features of two synonymous appearances.
The camera documented a collective chest movement to leave the Green Zone in response to supreme orders issued by the leader of the Sadrist movement, Muqtada al-Sadr, who set an hour for his supporters to leave the fortified area, to end the state of conflict that has been going on since yesterday, and this morning, before ordering a comprehensive withdrawal "armed and peaceful", threatening in the event of non-compliance with his order to disavow "even from the current and in another position."
With the entry into force of the hour set by al-Sadr, the features of the emergence of the state began near the Green Zone with the appearance of traffic men, as well as security men from the Baghdad operations leaders, working to open the movement of cars in a clear traffic scene after the end of the “forced” curfew that was imposed yesterday and lifted. Once the Sadr Conference ends and the battles end.
The security forces also raised concrete barriers at bridges and spread in the streets to secure roads and prevent any security breach, while municipality cadres removed waste, paving the way for the gradual return of life and the emergence of the features of the state again before yesterday Monday.
The General Traffic Directorate's detachments and patrols began removing the concrete blocks in coordination with the Baghdad Operations Command, "the land-holding blocks", and opening the roads that were closed. The directorate said in a statement that "now all roads are open to traffic." LINK
Samson: Developments in Iraq affect international oil prices
08/30/2022 08:20:42
Oil prices fell today, Tuesday, to reduce some of the gains made in the previous session.
The market fears that the central banks' increase in interest rates will lead to a slowdown in the global economy and a decline in demand for fuel, while the violence in Iraq has affected prices.
Brent crude futures for October were down 75 cents, or 0.71 percent, at $104.34 a barrel by 03:48 GMT, after rising 4.1 percent on Monday, the biggest increase in more than a month.
US West Texas Intermediate crude was at $96.68 a barrel, down 33 cents, or 0.3%, after rising 4.2% in the previous session.
Inflation has approached double-digit territory in many of the world's largest economies, a level not seen in nearly half a century, which could prompt central banks in the United States and Europe to resort to sharper increases in interest rates. However, political violence on Monday night in Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), supported prices.
Saudi Arabia, the largest producer in the Organization of the Petroleum Exporting Countries (OPEC), last week also raised the possibility of production cuts, which sources said could coincide with increased supplies from Iran if it concludes a nuclear deal with the West.
OPEC+, which includes OPEC, Russia and allied producers, meets to set policy on Sept. 5. LINK
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Samson: Commerce sets the date for the launch of the 46th Baghdad International Fair
08/30/2022 07:26:50
The Ministry of Commerce has set the first of next November as the date for the launch of the 46th session of the Baghdad International Fair, with the wide participation of major local and foreign companies.
The Director General of the General Company for Exhibitions and Commercial Services in the ministry, Hammam Ahmed, said in a press statement that "the Baghdad exhibition in its 46th session will start for the period from 1 to 10 of next November, with the wide participation of major local and foreign companies."
The Baghdad Fair was considered a "platform for commercial companies and the signing of contracts," noting that "it represents a major economic phenomenon that the capital Baghdad witnesses annually, in terms of the large participation of companies in various specializations."
The 45th session of the Baghdad International Fair concluded last year with a wide participation of 17 countries and more than 700 local and foreign companies from various sectors and specializations. LINK
