Wednesday AM Iraq Economic News Highlights 11-30-22

Wednesday AM Iraq Economic News Highlights 11-30-22

Iraq Plans To Increase Its Exports To 3.6 Million Barrels Next Year

Energy   Economy News-Baghdad   Today, Tuesday, the Iraqi Oil Marketing Company "SOMO" revealed plans to increase the daily export rate to 3.6 million barrels per day next year.

"The OPEC Plus group will meet at the beginning of next month to discuss the market situation based on its data," noting that "a decision has been taken to reduce production by about two million barrels per day, starting from From this November, and this decision will be applied throughout the next year.

He added, "This decision is flexible and depends on assessing the reality of the market," noting that "Iraq has a plan to increase exports by 250 thousand barrels per day at the beginning of the second half of next year, so that the daily export rate will be 3 million and 600 thousand barrels per day instead of 3 million and 350." 1,000 barrels per day now.

He continued, "There is another plan that includes replacing the marine pipelines, which will raise the export rate to 900,000 barrels per day," explaining that "a third plan has been put in place regarding the Japanese loan and Khor Al-Zubayr, which will increase by 900,000 barrels per day."

He stressed that "the increase in the last two plans that were mentioned will be about one million and 800 thousand barrels per day, which will be added to 3 million and 600 thousand barrels per day, bringing the total export total to 5 million and 500 thousand barrels per day," pointing out that "the average price of oil for this year is $97."

Regarding the companies that import Iraqi oil, Mohsen said, "There is a long list of international companies that buy Iraqi oil, and all of them are solid companies in the Asian, American and European markets, including solid Chinese companies."

On the position of OPEC Plus on export, he indicated that "OPEC Plus has nothing to do with the issue of export," explaining that "Iraq belongs to the organization to determine the amount of production, but we can export any quantity, taking into account the volume of oil produced."

follow us on:    Views 498   Added 11/29/2022 - 9:54 PM   Updated 11/30/2022 - 2:26 PM

https://economy-news.net/content.php?id=31093

An Expected Decision For OPEC + After The Meeting Of Iraq And Saudi Arabia

Energy   Economy News _ Baghdad   Sources in OPEC + suggested, today, Wednesday, that the organization will keep the oil production policy unchanged in the meeting next Sunday, after the meeting of the Saudi and Iraqi energy ministers at the end of last week, who stressed the importance of adhering to production cuts that will continue until the end of 2023.

According to OPEC sources, additional production cuts are also likely to be considered to boost prices, which have fallen due to fears of an economic slowdown.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, known as OPEC+, meet as demand faces headwinds from slowing economies and China's COVID-19 lockdown, while an EU ban on Russian crude imports looms. A ceiling on G7 prices for Russian oil places is a question mark on supply.

Oil prices, after nearing an all-time high of $147 a barrel in March, were pushed lower by the conflict in Ukraine.

In October, OPEC+ agreed to cut production by 2 million barrels per day - equivalent to 2% of global supply - causing one of its biggest clashes with the West as the US administration called the abrupt decision short-sighted.

Saudi Arabia, OPEC's largest exporter, said on November 21 that OPEC+ was committed to production cuts and could take further measures to balance the market.

Saudi Energy Minister Abdulaziz bin Salman, Saudi Energy Minister Prince Abdulaziz bin Salman, said: “The current cut of two million barrels per day by OPEC + will continue until the end of 2023, and if further measures are needed through production cuts to balance supply and demand, We are always ready to step in."

The official Saudi Press Agency quoted the Saudi Press Agency as saying on November 21.

And the Saudi Ministry of Energy had said in a statement on Friday that the Saudi and Iraqi energy ministers met on Thursday and stressed the importance of adhering to the OPEC + production cuts, which will continue until the end of 2023.

Views 79  Added 11/30/2022 - 9:09 AM   Updated 11/30/2022 - 2:34 PM

https://economy-news.net/content.php?id=31096

Expert On Falling Oil Prices: The Current Situation Will Not Last For Long

Economie| 01:09 - 11/30/2022   Baghdad - Mawazine News, oil expert Hamza Al-Jawahiri said today, Wednesday, that OPEC's decision to reduce production did not affect Iraq's exports, but rather reduced domestic production, stressing Iraq's commitment to the organization's decisions because they are "fair and aim at stabilizing oil markets."

Al-Jawahiry added, in an interview with the official newspaper, that "compliance with (OPEC) decisions is expected to make price levels range between 83-93 dollars per barrel," adding that "the increase in prices by about 10 dollars or more compensates for the decrease, which amounts to about 220 thousand." Barrels, and profit may increase due to price stability.”

Al-Jawahiry attributed the decline in oil prices to two main reasons, “the first is the complete closure in China of some provinces after the spread of Covid 19 again, in addition to the Russian-Ukrainian war that is putting pressure on prices, not to mention the American pressures and its attempt to compensate for the Russian oil and gas exported to Europe, as well as setting a ceiling My price ranges between 60-65 dollars per barrel, although stocks of oil and derivatives have decreased very significantly in recent weeks.

He noted that "the current situation will not last for a long time, especially with regard to pumping American oil into the markets, which has become very large, and this is what we notice through the difference between the price of Brent and West Texas, which reaches more than 7 dollars per barrel."

And he considered, "This is a large and clear indication that prices have fallen, but they will not continue because the strategic storage of oil and derivatives in America is declining dramatically, and therefore it must be compensated from the markets themselves, from the oil offered in the global markets."

Al-Jawahiri pointed out that "OPEC is coherent and cannot be dismantled, because if things are left without a clear policy, prices will collapse to irreversible levels." Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=212826

Parliamentary Finance: The Government Puts The Final Touches On The Budget

Posted On2022-11-30 By Sotaliraq     Baghdad / bright news   The Parliamentary Finance Committee confirmed that the government is currently putting the final touches on the budget before approving it and referring it to parliament, expressing its hope that it will accomplish this task during the next month.

[size=45]Committee member, Representative Mueen Al-Kazemi, said, "The Ministries of Planning and Finance have almost completed preparing the draft budget for next year."

[size=45]Al-Kazemi added, "These two ministries are currently putting the final touches on the law by the relevant officials and under the supervision of Prime Minister Muhammad Shia'a al-Sudani."

[size=45]He pointed out, “Prior political agreements within the state administration alliance will be implemented regarding the budget without harming the public interest.”

[size=45]Al-Kazemi stressed, "The need for an agreement to be reached regarding the oil exported from the Kurdistan region, its quantities, and how to settle the account with the marketing company (Sumer)."

[size=45]And he stated, "This also includes other financial revenues, such as revenues from border crossings, which should be discussed during meetings between officials of the federal government and the Kurdistan region."

[size=45]Al-Kazemi spoke about “an agreement that preceded the formation of the government in order to pass the oil and gas law in order to develop legislation that ends the state of disagreement over oil wealth and its distribution, and the differences do not return every time when the budget is legislated.”

[size=45]He noted, "This law involves pitfalls and differing views on constitutional articles related to the sharing of natural resources."

[size=45]And Al-Kazemi concluded, “Everyone hopes that the government will end its discussions on the budget during the next month, in order to submit it to Parliament.”   LINK

Deputy: The 2023 Budget May Exceed $88 Billion

Money and business   Economy News-Baghdad    Today, Wednesday, the representative of the Sadiqoon Bloc, Zainab Jumaa Al-Mousawi, revealed some features of the draft financial budget law for the year 2023.

Al-Moussawi said in a statement, "The draft budget for next year includes in its sections basic priorities, including financial allocations for the services file, the implementation of strategic projects, job grades, and confirmation of contracts."

Al-Moussawi added, "It is expected that the financial budget for Iraq for the year 2023 will reach 88.75 billion dollars," noting that "it is hoped that the House of Representatives will vote on the budget for the year 2023 at the beginning of next year."

   59 views   Added 11/30/2022 - 11:10 AM   Updated 11/30/2022 - 2:20 PM

https://economy-news.net/content.php?id=31100

A New Statement From The Minister Of Finance Regarding The Next Year's Budget

Economie| 07:52 - 11/29/2022   Baghdad - Mawazine News, Minister of Finance, Taif Sami, confirmed, on Tuesday, that the axes of the government curriculum include presenting the draft general budget for the year 2023, under the guidance of Prime Minister Muhammad Shia'a Al-Sudani.

The ministry stated, in a statement that Mawazine News received a copy of, that "Minister Taif Sami participated, today, Tuesday, in the meetings of Article IV of the agreement establishing the International Monetary Fund held in the Jordanian capital, Amman, with the participation of the Governor of the Central Bank of Iraq and representatives of the Ministry of Finance and the Federal Audit Bureau." And the Central Statistical Organization through visual communication channels.

She added, "At the outset of the meeting, Tukhir Mirzouf, head of the Fund's mission, and members of his team welcomed the Minister of Finance, offering her congratulations on assuming her duties, and wishing her success in her new mission." The extents of joint cooperation with the IMF and benefiting from modern technical assistance needed by the financial sector in Iraq," according to the statement.

According to the statement, the meeting included the Minister of Finance presenting a presentation on the mechanisms for implementing the new government curriculum, which was approved by the House of Representatives, stressing that the axes of the curriculum include presenting the draft general budget for the year 2023, in accordance with the directives of the Prime Minister.

The statement continued, "Extensive discussions have also taken place related to aspects of public expenditures and revenues achieved during 2022, which are expected until the end of this year, as well as the stages of implementation of the Food Security and Development Law for the year 2022, and real visions aimed at maximizing public revenues other than oil revenues and relevant proposals that can be discussed." Include it in the next draft budget.” https://www.mawazin.net/Details.aspx?jimare=212770

Iran Announces An Increase In Gas Exports To Iraq

Energy   Economy News _ Baghdad   Today, Wednesday, Iranian Oil Minister Javad Oji announced an increase in his country's gas exports to Iraq.

Javad Oji said, in statements reported by Iranian official media, that fortunately, gas exports to Iraq increased this year by one and a half billion cubic meters compared to last year.

Regarding Iran's collection of debts from Iraq, the minister said: Last year and this year, we were able to reach all the arrears related to exporting gas to Iraq. Last year we received about one billion euros, and this year we got about 1.6 billion euros from our arrears.

Views 24     Added 11/30/2022 - 1:55 PM  Updated 11/30/2022 - 2:38 PM

https://economy-news.net/content.php?id=31109

Using Financial Therapy to Deal With Money Issues

Using Financial Therapy to Deal With Money Issues

A financial therapist can help you get to the root of your problem

By Pat OlsenJune 26, 2019

Financial Therapy

Like many married couples, Stephen and Kathy Read of Wayne, Pa., knock heads about money. Stephen, a retired engineer in his mid-70s, is a spender. Kathy, a musician in her mid-60s, is frugal. In 2016, they decided to talk to a money therapist. “They’re supposed to know about these things,” says Stephen.

Meeting with the financial therapist, the Reads say, was a huge help. Stephen says he came away realizing that he and his wife “kind of complement each other.“ Now, he says, he has “great respect” for her financial caution.

lso, as a result of their sessions, the couple were motivated to visit a financial adviser. That helped, too. Theirs is a second marriage for both and the pair had kept their assets separate since getting married, but the adviser recommended combining them.

“I didn’t think Kathy would want that, but she did it, and it really brought us together. Everything is more out in the open now,” Stephen says.

“Financial therapy normally involves talking with people about the beliefs they formed about money in childhood.”

If you have money issues that are stressful, you might want to consider seeing a financial therapist, too.

What Is Financial Therapy?

So, what exactly is financial therapy? And who offers it?

The Financial Therapy Association (FTA) describes financial therapy as “a process informed by both therapeutic and financial competencies that helps people think, feel, and behave differently with money to improve overall well-being through evidence-based practices and interventions.”

Put simply, according to FTA President Meghaan Lurtz, financial therapists help with emotional and relationship issues surrounding money. The work normally involves talking with people about the beliefs they formed about money in childhood.

Practitioners include mental health professionals such as psychologists and marriage and family therapists, as well as financial consultants and advisers. They can choose to become a Certified Financial Therapist after completing a program offered by colleges and, as of recently, the FTA, and then passing a test.

Why People See Financial Therapists

  Financial therapists say people see them for a variety of reasons.

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

https://www.nextavenue.org/financial-therapy-money-issues/

Tuesday Evening Iraq Parliament News Highlights 11-29-22

Tuesday Evening Iraq Parliament News Highlights 11-29-22

The State Administration Discusses The Election Laws And Decides To Complete The Cabinet

Political | 11:16 - 11/28/2022   Baghdad - Mawazine News, the State Administration Coalition discussed, on Monday, the laws of the provincial and parliament elections.

The coalition stated in a statement, which Mawazine News received a copy of, that "the State Administration Coalition held its regular meeting today to discuss the latest developments on the national, regional and international scene in Pavel Talabani's office, in the presence of the Prime Minister and Speaker of Parliament."

The coalition revealed, according to the statement, "high-level dialogues and meetings to prevent violations of Iraqi sovereignty from any external party."

He stressed "Iraq's serious work to prevent the use of its lands as a springboard to destabilize the security of neighboring countries."

According to the statement, "the meeting decided to complete the cabinet and name the ministers of environment, housing and construction."   He explained that "

https://www.mawazin.net/Details.aspx?jimare=212682

Al-Sudani From Tehran: We Will Not Allow Iraqi Lands To Be Used To Threaten Iran's Security

Policy   2022-11-29 | 04:42   Source:  Alsumaria News   1,836 views   Prime Minister Muhammad Shia al-Sudani affirmed today, Tuesday, that visits and meetings are necessary to push for activating activities in all fields, while stressing that Iraqi territory should not be used to threaten Iran's security.

Al-Sudani said during the joint press conference in Tehran, followed by Alsumaria News, that "my visit to Tehran came based on an official invitation to discuss bilateral relations," adding, "We will discuss relations in all fields and situations in the region."

The Prime Minister added, "Iraq does not forget Tehran's support for it since 2003 and the war against ISIS terrorist gangs."

Al-Sudani pointed out that "visits and meetings are necessary to push for activating activities in all fields," noting that "the economic file is of great importance to the government."

And the Prime Minister continued, "We agreed with the Iranian president to activate the joint economic committee," appreciating "Iran's position to support Iraq in gas supplies."

He pointed out, "The discussion of the relationship and cooperation in the security field and the security of the two countries is indivisible," noting that "my government is committed to implementing the constitution and not allowing the use of Iraqi lands to disturb security against Iran."

"We depend on our foreign relations according to the principle of mutual respect and non-interference in internal affairs," Al-Sudani explained.

He concluded by saying, "We will not allow the use of Iraqi lands to threaten Iran's security," noting that "the government is committed to developing cooperation with Iran in all fields.   LINK

Iranian President: Al-Sudani's Visit Will Help Solve The Outstanding Problems Between The Two Countries

Policy   2022-11-29 | 04:28   Source:  Alsumaria News   1,632 views   Alsumaria News – Politics   The Iranian President, Ibrahim Raisi, confirmed today, Tuesday, that the relationship between Tehran and Baghdad is historic, while stating that the foreign military presence increases the problems of the region and foreign forces must be removed from it.

Raisi said during a joint press conference with the Prime Minister  Mohamed Shiaa Al-Sudani  in Tehran And Al-Sumaria News followed him: “We welcome Al-Sudani’s visit to Iran,” noting that “the relationship between Iraq Iran is historical.”

He added, “I thank the Iraqi people for hosting the Iranian visitors on the Arbaeen visit,” noting that “the status ofIraqimportant in stabilizing the region.

Raisi pointed out, "We hope to expand cooperation withIraqin all fields," stressing that "Al-Sudani's visit toTehranIt is considered a turning point in bilateral relations.” The Iranian president continued, “The foreign military presence increases the problems of the region, and foreign forces must be removed from it.

"Security and stability in the region is a common concern ofTehranBaghdad, and we will continue to cooperate in the field of combating terrorism.   LINK

Iranian President: Iraq's Status Is Important In Establishing Stability In The Region

Political | 12:30 - 11/29/2022   Baghdad - Mawazine News   Iranian President Ibrahim Raisi expressed, on Tuesday, his welcome to the visit of Prime Minister Muhammad Shia' al-Sudani and his accompanying delegation, stressing that Iraq's relationship with Iran is "strong, rooted and historical."

Raisi said, during a joint press conference with Al-Sudani, that "Iraq's position is important for establishing peace and stability in the region, and that stability is the responsibility of the governments of the countries of the region," noting that "the presence of foreign forces in the region increases security risks there."

He pointed out that "Al-Sudani's visit to Tehran is a turning point in bilateral relations and will help solve outstanding problems between the two countries," noting that "the dialogues that will take place during this visit will strengthen relations between the two countries."

Raisi praised "Iraq's role in hosting Iranian visitors during the Arbaeen visit." Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=212715

: The Exit Of The American Forces Is A Guarantee Of Establishing Security In Iraq

2022-11-29 03:31   Shafaq News/ The President of the Iranian Republic, Ayatollah Ebrahim Raisi considered, on Tuesday, the departure of the US forces and its allies from Iraq as a guarantee of establishing security and stability in this country.

This came during a press conference he held with Iraqi Prime Minister Muhammad Shia'a al-Sudani, who is on an official visit to the capital, Tehran, at the head of a senior government delegation.

Raisi said during the conference that our relationship with Iraq is not an ordinary relationship, and it is rooted in the values ​​and culture of the two countries, and these deep-seated and deep roots that put the two countries and the two governments side by side in the flourishing of these relations, which are evident in the special ceremonies of the forty-day visit of Imam Hussein, and the integrated hosting that The Iraqis present them to the Iranian visitors to the visitors of other peoples.

He added, "The Iraqi government began its tasks headed by Al-Sudani, and obtained the support of all political parties and Iraqi components, so that Mr. Al-Sudani succeeds in providing various services to the people, removing problems and suffering, and providing sincere services to the people."

The Iranian president also stressed cooperation with the Republic of Iraq and its solidarity with the countries of the region, expressing his hope that the level of cooperation would rise, increase and expand and that it would include all fields.

He stressed that Iraq's position is important in establishing peace, stability and security in the region, and among the areas in which the two sides wish to cooperate is combating terrorist groups, confronting organized crime, and confronting any factor that leads to destabilizing security and stability in the two countries, indicating that these matters enjoy a common will by the two countries.

Raisi pointed out that the security of the region and peace and stability in it must be based on the efforts of officials in the governments of the region, and that the presence of foreigners will not lead to the creation of security, but rather will exacerbate the outstanding problems. Therefore, our opinion is that the presence of the United States in Afghanistan did not lead to the establishment of security, and we believe The exit of American and foreign forces from Iraq is the guarantor of security in Iraq.

The Iranian president added, "There are many issues that we will address during the visit, including agreements, memorandums, banking and monetary issues, and the issue of exporting electricity and gas, saying that without any doubt, this visit and the discussions that are taking place in it will help solve some of the outstanding problems between the two countries."   LINK

A Lesson In Learning To Say "No"

A Lesson In Learning To Say "No"

Nov 24, 2014  Tim Keown  ESPN Senior Writer

(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)

HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?

Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him

"We've found a house," Frankie Pinkney told her son.

By this stage, wariness had become as intrinsic to Smith's identity as his brown eyes and bookcase shoulders. Silently, he awaited details. He had agreed to purchase a home in Southern California for his mother and stepfather. They would live in it; he would own it as an investment.

The agreed-upon budget was roughly $300,000, but over the course of the conversation, Frankie dropped the bomb. List price: more like $800,000.

Smith, now 23, is sitting at a polished wood table in the conference room of his lawyer's Dallas office. Surrounded by his girlfriend, accountant and lawyer, he fixes his eyes on a spot somewhere high on the floor-to-ceiling window. "Yeah, my parents wanted a house," Smith says. "But it was way bigger than mine and cost way more than mine."

It's not an easy topic for Smith to discuss -- recounting the conversation appears to be nearly as hard as being on the phone in the first place. He long ago gave up trying to pinpoint when it all went wrong, when the combination of family and money turned corrosive, when one ceased to exist without the other. He recites facts, stripped of emotion, as if determined to turn a painful time in his life into an after-action report.

"That call," he says. "That was the point where I said, 'That's enough.'"

At that precise moment, as he hung up the phone without giving his mother assent or encouragement, something hardened inside him. Reclaiming his finances, that was the easy part. Demystifying his new life -- being something other than a conduit for the wishes of those around him -- that was more complicated.

It works like this: We lack the linguistic dexterity to explain the myriad paths of young men who emerge from poverty -- or a simple lack of privilege -- and achieve riches by playing a game. When words fail us, a creation myth must fill the void, and so the modern professional athlete becomes our Sedna, a massive woman of Inuit legend who lives at the bottom of the ocean, controlling the underworld by providing fish to keep her people from going hungry.

Our version of Sedna frees himself from the streets -- the temptations, the poverty, the turbulent flow of every Bad Part of Town -- through a ceaseless, unquenchable devotion to his sport. Visions of The Escape accompany every rep on the bench press, every free throw in an empty gym. In short, his life is a series of made-in-Akron, Beats by Dre moments.

Yes, he will rise up to leave it all behind, but here's where the mythological sleight of hand appears: He'll bring it all with him too. He can't forget where he came from. The myth mandates loyalty and strikes down the ingrate.

And all those people who toiled alongside, those who believed in him and sheltered him and sacrificed for him? They'll also come along, for he's the sin-eater, absorbing all debts -- moral and financial -- so others can be absolved. And his people will never go hungry again.

Jeff Wilson His family's demands for money isn't an easy topic for Smith to discuss.

IT LONG AGO became easier for an athlete to subscribe to this myth than to defy it with his personal story. Easier to nod and smile and tacitly agree to be a benign receptacle for our society's need to bundle its fairy tales into color-coded boxes.

Why else would newly minted professional athletes -- and let's cut the pretense: It's nearly always young black athletes -- invariably be asked whether they've bought their mother a new house? Or a new car? Or both? Does anyone know whether Aaron Rodgers moved his stay-at-home mother and chiropractor father out of their Chico, California, home and into a beach mansion? Has anyone ever thought to ask?

But could it be possible, ever so slightly possible, that athletes who come from similar backgrounds can have wildly dissimilar stories?

Smith's story is best told chronologically. And it begins, as so many do, in a van filled with cleaning supplies rattling down a desolate highway somewhere in the Mojave Desert.

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

https://www.espn.com/nfl/story/_/page/hotread141125/dallas-cowboys-tyron-smith-gets-control-battling-family-money

Lynette Zang and Ray Dalio with Historic Economic Cycle Indicators 11-29-2022

Regime Shift & Changing World Order

Lynette Zang:  11-29-2022

The big questions are, when will the economy completely collapse? And how can I protect my family and my wealth before it does?

I will answer both questions by showing you historic cycle indicators and the current actions of those who are in control of your money.

Because we are at the end stage of both the regime and currency shift, otherwise known as the changing world order.

There are six stages to the shift, and Ray Dalio just wrote this month that we're approaching the final stage, the breakdowns are escalating.

If you understand history, you know there are always winners and losers in every crisis.

I'm going to show you exactly where we are, what's coming, and how you can position yourself to win.

Chapters:

0:00 End of Fiat Money Regime

3:15 Central Banks Purchase Record Gold

7:37 Internal Order-Disorder Cycle

11:49 Stage 6 = War

16:14 Dollar’s Purchasing Power

20:20 Example of Gold’s Purchasing Power

https://www.youtube.com/watch?v=nWhBAAsUV4Q

Tuesday Evening Chat with MarkZ 11-29-2022

Tuesday Evening News with MarkZ 11/29/2022

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: A Wonderfully Great Golden Evening MarkZ, Mods And Everyone In The Room

MZ: It is extremely quiet today on the RV front. I did hear some chatter about tomorrow evening from other group leaders. One of them has a meeting at 7 in Reno.

Member: We are hoping that something happens tomorrow night into Thursday morning where you said almost everyone from the redemption centers said RV will happen .

Member: Mark, you had said that bond had started paying out. Is that still the case?

MZ: Yes. It has not been done as quickly as I expected. Most of the bond deals I know of came out of the Miami area.

MZ: in world news “ India: Banks to discuss international trade settlements in rupees” There has been a lot of announcements out of India today including expected trade amounts with Australia and other trading partners.   

MZ: India is very much on the BRICS bandwagon. Many experts think India…not the US or China to be the next economic powerhouse in the next 30-40-years

MZ” Also Turkey is looking to join BRICS and leave NATO. They may be days away from announcing that they are leaving NATO. They need to do what is best for their own countries .

Member: What is the expected rate for the Indonisian Rupiah?

MZ: I am still hearing $1.47

Member: Is there a list with redemption center locations on it???

Member: The exchange centers are not known at this time. You will call for your appointment and they will give you a location that is near you. They go by the zip code you give them. Dont worry.

Member: Does EBS need to occur before RV & Nesara?

Member: I think the EBS need to occur for arrests and the reset and if the market crashes. ……can’t come soon enough.

​Member: I wonder why we don't hear the encouraging info we used to hear. the Chinese enders golden dragons and all. it's like they back peddled.

Member: Phil G said something big is going down tonight, he has to postpone his Livestream until tomorrow.

Member: Today it was said that in a three hour period we had over 900 planes WITH transponders on, that doesn’t include the ones that didn’t have transponders on!! Think about that one.

Member: Sooooooooo much happening! You would think the normies would wake up! Ugh!

Mod: Life will always be the hardest when you are crossing over to a new level. Don’t get discouraged!

​Member: I’m kicking up good vibrations! It’s sending me excitations! Gooooood vibe vibe! Good vibrations!

Member: Sleep well, peace be in everyone’s heart.

Member: Good night everyone ! God bless you all! Hold the line!

Member: 10 am tomorrow. You all better be there!

“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS 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.

 MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=18u_HHCKq5o

More News, Rumors and Opinions Tuesday PM 11-29-2022

KTFA:

Clare:  An economist offers an "ideal" solution instead of devaluing the dollar

Information / special.

Today, Tuesday, the economist, Diaa Al-Mohsen, proposed a solution that he described as "ideal" instead of restoring the exchange rate of the dollar to its previous state, while stressing that restoring it at the present time is not feasible.

Al-Mohsen told Al-Maalouma agency that "the government must revitalize the economy and important sectors such as agriculture and industry instead of restoring the exchange rate to what it was," noting that "the step of returning it at the present time may cause a major shock that may exceed what happened in 2021."

He added, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," pointing out that "there is a lot of manpower that can be invested in these projects, which may generate additional financial revenues, and these are ideal solutions."

The economist explained, "Returning the exchange rate of the dollar at the present time is not feasible, given that there are no real economic justifications that give importance at the present time." 

And that "the central bank's responsibility is to control the market and on the grounds that the Iraqi economy is market and whoever controls the exchange rate of the dollar is supply and demand and nothing else." 

Earlier, a member of the House of Representatives, Mortada Al-Saadi, confirmed to / information / that "there are parties that are still seeking to reduce the price of the dollar in the new budget before its approval," stressing that "the file of partially reducing the price of the dollar is what hinders the approval of the general budget in the coming period." . 

The file of approving the federal budget and restoring the exchange rate of the dollar continues in the corridors of the new government, which draws the people's attention towards them due to their great importance and direct impact on the livelihood of the Iraqi people.   LINK

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

Courtesy of Dinar Guru

Frank26   Ladies and gentlemen drum roll!  We have Article 140...We have HCL...Now that equals Article VIII. Article VIII is what every contract...country...investor have been waiting for.  Article VIII tells the people to bring their money into this country of Iraq.  They are now secure.  All the banking systems are international, modern, up-to-date.  We're even about to add value to it with a new exchange rate.  They know what's going on...

Frank26   The constitution of Iraq has laws in it...amendments that say you are not allowed to telegraph, to hint, suggest, to say that they are going to have an exchange rate change.  Can't.  It's against the law.  I don't think any of these guys want to be arrested because they will be arrested...

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TNT:

Carlosisan:  According to previous intel, the RV is suppose to happen before Nov "22 is out, well - we have 2 days left, today and tomorrow. Let's see what happens. This scenario always happens around this time of year and then we jump into the next year. It is my prayer that this doesn't happen again. As always, be strong, be viligant and lets move forward!

Flash:  Seems like after 18 years no great expectations from Iraq, hopefully they will surprise us this year. Seems as though a lot of things are happening so I am still believing it is when.

RVAlready:  I think it will have to happen. It is pretty obvious that the world needs the RV/GCR right now I think that is why the UN played hardball with Iraq.

Yada:  Agreed rvalready. Fact is the past 18 years, they didn’t have a stable government. Now they do and now, the UN is holding their hands to cross the line. We endured the many obstacles and now the way is clear.

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Tishwash:  Baghdad and Erbil agreement on the implementation of Article 140 of the Constitution

The Kurdish forces in the Kurdistan region announced that they had reached an agreement with the federal authorities to form a joint supreme committee within ten days, whose task is to implement Article 140 of the Iraqi constitution.  link

“EXIT THE DOLLAR- BUY COMMODITIES." Global Debt WILL SKYROCKET HIGHER FROM HERE!

Greg Mannarino:  11-29-2022

https://www.youtube.com/watch?v=WIH3adfziO4

The Fed launched a DIGITAL CURRENCY while YOU weren’t watching

Glenn Beck:  11-29-2022

Right before Thanksgiving, our trusted leaders in D.C. did what they did best: They pushed forward controversial policies while YOU weren’t watching. In this clip, Glenn details how the Fed began its ‘Central Bank Digital Currency’ program last Wednesday afternoon, while Americans were busy preparing for the holidays.

https://www.youtube.com/watch?v=gjb9XEJZ0KI

Iraqi News Highlights Tuesday Afternoon 11-29-22

Iraqi News Highlights Tuesday Afternoon 11-29-22

Tlm724 Administrator Bondlady’s Corner

Deputy: The Current Oil Prices Are Not Guaranteed And Are Likely To Collapse Below $70

Money and business   Economy News – Baghdad The Parliamentary Finance Committee called on the government, on Tuesday, to work on creating new alternatives that enhance the federal budget other than those derived from the sale of oil, due to the danger of the national economy’s dependence on fluctuating oil prices.

Committee member Jamal Cougar said in an interview with the official newspaper, "Despite the multiple sources of revenue other than the developed industry, we are still at the beginning of the road. One of the available elements is religious tourism," adding that "Iraq spends on the tourist and the visitor, while the tourist He himself travels to other countries and spends large amounts of money on his religious tourism."

He went on to say, "We also have agriculture, which is available on thousands of acres suitable for cultivation, and which can be invested in to cover the needs of the local market and the Arab Gulf markets, especially as we import all vegetables from other countries,"

adding that "other factors that can be benefited are the border crossings, where An important paragraph was included in last year's budget, which is the transformation of Iraq from a country that does not invest in the transit sector to a country whose ports and outlets can be like the United Arab Emirates.

And he continued, "All capabilities and resources in supplying the budget with a variety of sources depend on the government's reforms and procedures, since it promised to be a service government and it must start with reforms, because the current oil prices are not guaranteed and are likely to collapse below $70, which the government is unable to meet."

The needs of the citizens, and this may be reflected in the form of popular discontent and new demonstrations, which the government may not be able to contain.”   63 views  Added 11/29/2022 - 1:30 PM   Updated 11/29/2022 - 4:30 PM  https://economy-news.net/content.php?id=31080

The Rise In Oil Prices, With Brent Crude Hitting $84.44 A Barrel

Economie| 08:54 - 11/29/2022   Follow-up - Mawazine News   Oil prices rose, on Tuesday, prompted by the announcement by delegates of the “OPEC +” alliance that the option to reduce production at a greater rate is an option when they meet at the end of this week.

West Texas Intermediate crude prices rose 95 cents, or 1.23%, to reach $78.13 a barrel at 04:15 GMT, and had fallen at the beginning of the session to less than $74 a barrel.

Brent prices increased by $1.25, or by 1.50%, to reach $84.44 per barrel. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=212688

The Dollar Rises In The Iraqi Market

Economie| 09:40 - 11/29/2022   Baghdad - Mawazine News   Today, Tuesday, the exchange rates of the dollar witnessed an increase in the local stock exchange.

The selling price of the dollar was 149,500 dinars per 100 dollars, while the buying price of the dollar was 149,400 dinars per 100 dollars.    https://www.mawazin.net/Details.aspx?jimare=212695

The Supreme Commission For Combating Corruption: A Recruitment Order And A Travel Ban Against The Former Head Of The National Intelligence Service

Tuesday 29, November 2022 political Baghdad / NINA The Supreme Commission for Combating Corruption announced the issuance of a recruitment order and a travel ban against the former head of the National Intelligence Service. On the background of the accusation of laxity in the implementation of the arrest warrant issued against one of the general directors of the agency.

The commission said in a statement today that the commission, in its discussion of the case that it investigated and referred to the judiciary, stated that the corruption investigation judge, who is specialized in examining the cases of the Supreme Commission for Combating Corruption, issued an order to bring in the former head of the National Intelligence Service, and prevented him from traveling.

And she added that the order issued based on the provisions of Article (271) of the amended Penal Code No. (111 of 1969), came on the charge of laxity in implementing the arrest warrant issued against the fugitive suspect (Dia al-Musawi), and enabling him to flee outside Iraq.

It is noteworthy that the Federal Integrity Commission announced in mid-November the formation of a supreme commission; To investigate major and important corruption cases filed in the commission’s investigation directorates and offices in Baghdad and the governorates, and the cases referred to it headed by Judge (Haider Hanoun) and the membership of the directors of the investigation and recovery departments in it, pointing out that its investigations will be under the supervision of a specialized investigative judge who was appointed by the Judicial Council higher for this purpose./End

https://ninanews.com/Website/News/Details?key=1017101

The President Of The Republic Stresses The Importance Of Controlling Illegal Outlets, Combating Corruption, And Encouraging The Private Sector

Tuesday 29, November 2022 14:58 | political Number of readings: 177  Baghdad / NINA / - The President of the Republic, Abdul Latif Jamal Rashid, met with the Minister of Industry and Minerals, Khaled Battal Al-Najm.

The media office of the Presidency of the Republic stated in a statement, "During the meeting, the President of the Republic referred to the importance of the industrial sector and its effective role in supplying the Iraqi economy, stressing the need to revitalize and develop it and improve its reality in proportion to what Iraq possesses of natural and human resources in order to achieve comprehensive development."

Rashid stressed "the need to issue laws related to controlling illegal outlets, combating corruption, and encouraging and supporting the private sector by changing the old management methods and laws related to financial management."

The statement added, "The president listened to the explanation provided by Minister Al-Najm regarding the mechanisms of the current work in the ministry, its joints, and future plans for its development, pointing to the need to support the local industry and protect the product."

https://ninanews.com/Website/News/Details?key=1017099

Ihsan Al-Shammari To / Nina /: Iraq Needs To Activate The International Agreement To Recover The Funds

Tuesday 29, November 2022 12:24 | political Number of readings: 297  Baghdad / NINA / - The head of the Center for Political Thinking, Ihsan Al-Shammari, affirmed Iraq's need to activate the international agreement to recover funds.

He told the National Iraqi News Agency / NINA /: The international cooperation to recover the smuggled money is linked to the government's will by activating the national committees for that.

Al-Shammari added: Iraq is in dire need to properly activate the 2007 International Funds Recovery Agreement, which requires a double effort with the participation of ministries concerned with smuggled funds./ End    https://ninanews.com/Website/News/Details?Key=1017053

Association: 30,000 Citizens Obtained A Loan Within The Central Bank’s Initiative To Finance Small Projects

Economie| 02:36 - 11/29/2022   Baghdad - Mawazine News  The Iraqi Private Banks Association announced, on Monday, that more than 30 thousand citizens have obtained a loan since the start of the Central Bank’s initiative to finance small projects amounting to 4 trillion dinars, noting that the initiative lent until the third quarter of this year more than 2 trillion. Dinar.

The Executive Director of the Association of Private Banks, Ali Tariq, said in a statement received by Mawazine News, that "the Central Bank of Iraq launched a development initiative to stimulate the economy, through private banks in 2015, for which one trillion dinars were allocated, but in 2021 and 2022 it decided to increase allocations for it." for 4 trillion dinars.

Tariq added, "Total financing from the initiative until the third quarter of this year amounted to 2.2 trillion dinars, up by 124.4% compared to last year, which amounted to 980 billion dinars," stressing that "total loans amounted to 30,364 loans until the third quarter of the year." current year, up by 88.7% compared to last year, which amounted to 17,032 loans.

The Executive Director indicated that "the agricultural sector's share was 115.7 billion dinars with 310 loans, the industrial sector 522.2 billion dinars with 1167 loans, the commercial sector 476 billion dinars with 8190 loans, the service sector 310 billion dinars after 2770 loans, and the residential sector 616 billion dinars with 6430 loans." Finally, personal loans amounted to 158.4 billion dinars, with 11,497 loans.

He noted that "these loans contributed to stimulating the non-oil economy, through the establishment of industrial, agricultural and service projects, in addition to supporting investments, which have employed thousands of people in these projects,"

noting that "the initiative allocated a large part of the funding to lend citizens to buy housing units in Investment complexes, in support of the establishment of regular cities as a substitute for slums, calling for the continuation of this initiative due to its positive effects on everyone.

He pointed out that "citizens are in great need of loans, but it requires an effort from the Iraqi state to facilitate procedures and protect financial institutions from the risks of evasion and non-payment."    https://www.mawazin.net/Details.aspx?jimare=212733

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

  https://www.bondladyscorner.com/

"Some "Vietnam News" Posted by ToyVP at KTFA 11-29-2022

KTFA:

Toyvp:  Việt Nam lures over $25 billion in foreign investment in 11 months

November, 29/2022 - 08:42

Despite a decline of 18 per cent in newly registered capital to $11.5 billion, foreign capital disbursement saw a positive increase of 15 per cent to reach $19.68 billion in the January - November period. 

HÀ NỘI — Việt Nam received US$25.1 billion in foreign investment in the first 11 months, up 0.5 per cent month-on-month but down 5 per cent year-on-year, the Foreign Investment Agency (FIA) has said.  

During the period, new capital registered in the country by foreign investors saw a yearly decline of 18 per cent to $11.5 billion while their capital contributions and share purchases also declined 7 per cent year-on-year to nearly $4.08 billion. 

The agency underlined two factors behind the falling registered capital, which were stringent COVID-19 preventive measures early 2022 and global uncertainties.

It said strict COVID-19 preventive measures imposed in the beginning months of the year had made it more difficult for foreign investors to travel to Việt Nam to seek new investment opportunities. Such hindrance held back the number of newly-registered projects in early 2022.

Global uncertainties, including geopolitical conflicts, inflationary pressures and supply chain disruptions, compounded the situation by scaling down the capital flows from big economies, especially Việt Nam's partners.

One bright spot in the period was adjusted capital which surged 23.3 per cent year-on-year to $9.54 billion, the FIA noted. 

According to the agency, the adjusted capital continued to maintain its growth momentum, which was a signal to confirm the confidence of foreign investors in the economy and investment environment of Việt Nam. Therefore, they decided to add more capital to their existing projects in the country. 

Statistics from the FIA also showed that the average scale of adjusted capital per project in 11 months of 2022 increased 4.9 per cent over the same period of last year. Notably, many projects in manufacturing of electronic and high-tech products witnessed capital added on a large scale during the reviewed period. 

On the bright side, many large-scale projects had their capital adjusted up significantly in ten months. For instance, Samsung Electro-Mechanics was given two capital boosts, of $920 million and $267 million. 

Samsung HCMC CE followed suit with $841 million. Other projects to manufacture electronics and multimedia devices in Bắc Ninh, Nghệ An and Hải Phòng provinces were financed with additional capital of $306 million, $260 million and $127 million, respectively.  

At the same time, disbursed capital also witnessed a positive increase of 15 per cent to reach $19.68 billion in the period, the FIA added.

From January to November, manufacturing and processing lured the lion's share of foreign investment with over $14.96 billion, making up 59.5 per cent of total capital. It was followed by real estate with $4.19 billion, or 16.7 per cent. Electricity production and distribution and science and technology were the runners-up with $2.26 billion and $1.03 billion, respectively. 

Singapore was the top source of capital pledges in the period with $5.78 billion, accounting for 23 per cent of the total. Japan came next with over $4.6 billion or 13 per cent while South Korea ranked third with above $4.1 billion or 16.4 per cent. 

Others sources of foreign capital were mainland China, Hong Kong (China) and Denmark. 

Among cities and provinces receiving foreign capital in the period, HCM City led with nearly $3.54 billion, up 3.3 per cent year-on-year or equivalent to 14 per cent of the total. The southern province of Bình Dương ranked second with over $3.03 billion, up 45 per cent year-on-year or accounting for 12.1 per cent of the total. 

In a recent report to the National Assembly, the Ministry of Planning and Investment said that foreign direct investment (FDI) disbursement this year could reach $21-22 billion, an increase of about 6.4-11.5 per cent compared to 2021. These figures, then, meant that Việt Nam's FDI attraction was rapidly moving towards recovery.

Foreign enterprises continued to recover, maintain and expand their production and business activities in Việt Nam, Đỗ Nhất Hoàng, director of the FIA said. 

Trương An Dương from Frasers Property Vietnam Co told the Đầu tư (Investment) newspaper that his company was keen on looking for investment opportunities in Việt Nam. — VNS

https://vietnamnews.vn/economy/1399796/viet-nam-lures-over-25-billion-in-foreign-investment-in-11-months.html

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Toyvp:  Bà Rịa – Vũng Tàu’s investment attraction capability to increase

November, 28/2022 - 17:37

A great deal of investment opportunities will open for Bà Rịa - Vũng Tàu Province, with many policies that will improve the province’s infrastructure and economy.

BÀ RỊA – VŨNG TÀU — A great deal of investment opportunities will open for Bà Rịa – Vũng Tàu Province, with many policies that will improve the province’s infrastructure and economy.

A conference was held last weekend on the Government’s action plan for implementing the Politburo’s Resolution No, 24-NQ/TW on boosting socio-economic development and security in the southeastern region by 2030, with a vision to 2045 (following the Government's Resolution No. 154/NQ-CP on the action plan of Resolution No. 24-NQ/TW issued on October 7 this year), as well as to facilitate investment into the region.

At the conference, Prime Minister Phạm Minh Chính commended the achievements of the southeastern localities, saying the region is the largest contributor to the country’s GDP, has the largest number of businesses, and the highest amount of foreign direct investment.

The resolution entails solutions for improving infrastructure, many of which directly affect the province’s infrastructure and economy for the next five years. These improvements will in turn enhance the province’s ability to draw in investment from domestic and foreign businesses.

These include investment into the Biên Hòa – Vũng Tàu railway for transporting goods, which will connect to the Cái Mép – Thị Vải seaport; the expansion of Côn Đảo Airport; and the development of big industrial complexes focusing on industry, services and urban areas in the province’s Phú Mỹ New City.

Nguyễn Văn Thọ, chairman of the Bà Rịa – Vũng Tàu People’s Committee, said during the conference that the province has an initiative to form a free trade zone associated with a deep-water seaport in the Cái Mép Hạ area and develop the province into a world-class tourism hub following the Politburo’s Resolution No. 24-NQ/TW.

“The formation of the Cái Mép Hạ free trade zone will create an effective economic tool for Việt Nam to compete with regional countries in attracting investment and implementing the new phase of the industrialisation strategy, and will be the driving force for the southeastern region to make greater contributions to the country’s development.”

The province will create strategies to attract capable investors into the free trade zone, focusing on key industries such as the hi-tech industry, seaport and logistics, tourism and commerce, digital economy and finance. It will also ensure sufficient infrastructure works and land plots within the zone.

Regarding Bà Rịa – Vũng Tàu’s plan to develop Vũng Tàu City into a world-class tourism hub, the province will carry out numerous solutions, including focusing on urban development, especially seaside urban areas towards green and sustainable urban models; preserving and ultilising its cultural heritage value; and raising awareness of the importance of tourism in economic development.

It will also improve its infrastructure system to boost connectivity within the province and in the region, which in turn will enhance linkages for tourism and socio-economic activities.

The Government’s action plan targets strengthening linkages between industrial parks and export processing zones in the southeastern region, developing the region into a financial, commercial, services, and international exchange hub in the Southeast Asia. It also aims to develop Bà Rịa –Vũng Tàu into a national marine economic centre.

As part of the conference, the Ministry of Planning and Investment and provinces and cities in the region granted investment registration certificates and signed MoUs for investment cooperation with local and foreign investors for 20 projects with a total investment of US$10 billion and more than VNĐ5 trillion ($202.4 million).

Among them, Chairman Thọ granted investment certifications and signed MoU with 10 projects in the province, worth a total of over $8 billion.

These projects include a $5.5 billion expansion of Long Sơn Petrochemicals, a $1.3 billion project for manufacturing industrial wood using Cross Laminated Timber technology for the construction and ship manufacturing industries, and a $380 million expansion of the Marubeni paperboard factory. — VNS

https://vietnamnews.vn/economy/1399851/ba-ria-vung-tau-s-investment-attraction-capability-to-increase.html

Toyvp:  VN-Index breaches over 1,000 points

November, 28/2022 - 17:08

HÀ NỘI — Benchmark indices rose more than 3.5 per cent on Monday, as domestic investors' risk appetite improved strongly while foreign investors continued to pour capital into the country's stock market.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) extended last week's big rallies and broke over the key level of 1,000 points for the first time in nearly a month.

Accordingly, the index surged 34.23 points, or 3.52 per cent, to 1,005.69 points, the highest since November 4. Meanwhile, the HNX-Index on the Hà Nội Stock Exchange (HNX) jumped 7.29 points, or 3.7 per cent, to 204.06 points.

The market's breadth was in a positive zone, with 491 stocks edging higher on the two main exchanges, while only 74 ticker symbols slid.

Liquidity also increased sharply over the previous session, with total trading value on both main exchanges of nearly VNĐ17.3 trillion (US$697.4 million). Matching value on the southern bourse increased by 66.67 per cent compared to Friday's session to nearly VNĐ14 trillion, equal to a matching volume of 872 million shares.

Similarly, on HNX, the matching value reached VNĐ927 billion, equivalent to the trading volume of 77.5 million shares.

The rallies were driven by large-cap stocks in appealing industries, including banking, realty, manufacturing and utilities. The 30 biggest stocks tracker VN30-Index ended the day at 1,004.34 points, up 36.85 points, or 3.81 per cent.

In the VN30 basket, 23 stocks went up with seven stocks registering the maximum daily rise of 7 per cent, while only five stocks inched down. And two stocks stayed flat.

Statistics from finance website vietstock.vn showed that in top three stocks influencing the uptrend, Vietcombank was the market's leader with an increase of 4.92 per cent, followed by PV Gas (GAS) and Vinhomes (HMX), which both advanced by 7 per cent.

Supporting the market, other pillar stocks like Vietinbank (CTG), Hòa Phát Group (HPG), Techcombank (TCB), MBBank (MBB), Masan Group (MSN), Vincom Retail (VRE), Petrolimex (PLX) and VPBank (VPB), also reported positive performance, up at least 3.4 per cent.

The uptrend also received support from foreign investors, as they net bought for 16 consecutive sessions. Specifically, they net bought nearly VNĐ1.7 trillion on the southern market, and VNĐ16.27 billion on HNX. — VNS

https://vietnamnews.vn/economy/1399839/vn-index-breaches-over-1-000-points.html

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Toyvp: VN ready to become a semiconductor manufacturer

November, 28/2022 - 08:26

The global semiconductor and chip race is heating up and Việt Nam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.

HÀ NỘI — The global chip race is heating up, and Việt Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said.

Prof. Nguyễn Mại, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact of the COVID-19 pandemic and prolonged trade conflicts have caused a disruption of semiconductor supplies. Global companies involved in using semiconductors to make smartphones, self-driving vehicles, artificial intelligence (AI) technology or data centers have been forced to cut their productivity.

Mại emphasied that countries are in a race to produce semiconductors and chips. In particular, the US Department of Commerce (DOC) in September released its strategy for implementing its US$50 billion CHIPS for America programme. And China has doubled its spending and enacted policies to support semiconductor manufacturing companies.

Việt Nam has also become a centre of the semiconductor industry as Samsung announced its plan to produce semiconductors from July next year with an additional investment of US$920 million. The country is also home to Intel’s largest assembly and testing factory with an investment of $1.5 billion.

Đỗ Nhất Hoàng, head of the Ministry of Planning and Investment's Foreign Investment Agency, said the Synopsys company from the US also announced that it would train electrical engineers in Việt Nam and support HCM City Hi-Tech Park (SHTP) to establish a chip design center through a software sponsorship programme.

Hoàng added that in the first 10 months this year, FDI disbursement reached $17.45 billion, an increase of 15.2 per cent over the same period in 2021. This was the highest number in the past five years. Of this figure, the manufacturing sector accounted for 65 per cent and involved the major industries of hi-tech electronics and chip production. This has shown that Việt Nam has gradually begun to form an ecosystem of semiconductor and chip production.

Over the years, Việt Nam’s investment climate has been highly appreciated by foreign investors due to its stable political system and rapid growing economy. Incentives through corporate income taxes have also made an important contribution to creating an attractive investment climate.

Hong Sun, Vice President of the Korean Chamber of Commerce in Việt Nam (KoCham), said that apart from having a stable business environment and many incentives, chip manufactures want to have abundant and stable power sources.

Hong emphasied that chip or semiconductor manufacturing were both high-value products. If a sudden power failure occurred, production would have to restart from the beginning, which would take from a week to a few months and cost billions of dollars.

Mại said that “Việt Nam should not rest on its gains and we need to make an assessment of the bottlenecks in luring FDI, such as transport infrastructure, and information networks.”

He noted that if Việt Nam can participate in the semiconductor industry, it will generate a big boost of added value for the country. — VNS

https://vietnamnews.vn/economy/1399493/vn-ready-to-become-a-semiconductor-manufacturer.html

4 Steps to Make Your Money Last a Lifetime

4 Steps to Make Your Money Last a Lifetime

By Jane Bryant Quinn, AARP Bulletin

A simple, easy-to-use formula to make sure you never run out of cash

As a financial columnist, I get asked the same heartfelt question over and over: “How do I make sure I don’t outlive my money?” And that makes sense. Surveys confirm that the No. 1 worry among older Americans is running out of cash.

Fortunately, financial planners have come up with sound ways to prevent this. Collected here are their key rules for maintaining a livable income for life, plus case studies that show how to put these general rules into action. The goal is your peace of mind — knowing that you’re getting the most from the money you’ve saved and that you’ll always have enough.

The Magic Number

The key to long-term planning is knowing one essential number: how much money you can afford to spend annually. From there, you can adjust your expenses to fit.

You may be tempted to reverse the order — estimate your future expenses, then adjust your investment assumptions to make that spending appear possible. But that’s wishful thinking: a hope that big investment returns will rescue your budget. It leads to overspending early on, and regret later.

Instead, let’s focus on the real, guaranteed money you’ll have. There are two main sources:

Your personal savings and investments.

Your guaranteed income from other sources.

Download this worksheet to help you find your sustainable income. The key steps:

Step 1: Tally Your Guaranteed Income

The most common source is Social Security, which you may already be collecting. (If you’re not, get an estimate by calling Social Security or by opening a My Social Security account at ssa.gov.) You might also have a pension or annuity.

If you own a reliable rental property, include the amount of rent you receive after expenses.

Step 2: Estimate Your Income from Savings

How much annual income can you prudently take from your savings and investments? To get the answer, there’s a surprisingly simple rule of thumb:

Add up the current value of your spendable assets, such as bank accounts, mutual funds, stocks and bonds. Include both retirement and nonretirement savings.

Subtract from that total a cash cushion to help cover near-term expenses.

Then take 4 percent of what remains.

That’s the “safe” amount of your assets that financial planners say you can afford to spend in the first year of retirement without running the risk that your savings will run out. In each subsequent year, take the same dollar amount plus an increase for inflation.

Example: Say you have $100,000 invested (plus a cash cushion). In the first year of retirement you could spend $4,000 of that money. If inflation is running at 3 percent, your second-year withdrawal would be $4,120 — the first-year amount plus an inflation increase. Follow this pattern in each future year.

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

https://www.aarp.org/retirement/retirement-savings/info-2018/make-money-last-lifetime.html

"Coffee With MarkZ" Tuesday Morning Chat 11-29-2022

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Tuesday Update- Some highlights by PDK-Not verbatim

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

Member: Happy Taco Tuesday…..or Terrific Tuesday!

Member: If you focus on the positive, every day is a great day !!

Member: I find Mark's picture today interesting. Yesterday's picture they were seated at the table working things out. Today's pictures looks like they have finished.

Member: Is this is our week Mark?

MZ: Nobody knows “when” but we know its close and have some great signs and some great back and forth from some folks. Most of it this morning on what to expect and where to believe we are at…..had a talk with Miss Sheila (CMKX and currency contact) …..

MZ:  “KRG delegation in Baghdad to resolve outstanding issues”  Why am I harping on this again? This is the Kurdistan regional government. Why is article140 important ? Sheila reminded of this.

MZ: A number of folks that are very plugged in were very excited after last night. I got hit by calls and texts last night…..We were told years ago that when we saw 140 pass it would be very close to seeing the revaluation f the Iraqi dinar.

Member: What is article 140

Member: I believe it’s a bill giving all citizens of Iraq monthly proceeds from oil sales…..men , women and children. Kuwait does this….Alaska does this…..all Alaskans get a yearly check from oil companies. 

MZ: Article 140 addresses sharing money with individual Iraqi citizens …of course this is oil and gas revenues for the Kurdish region as well. This was an enormous missing piece that got filled last night. I was reminded of this by  folks last night that are way up the chain on this that are connected to bankers, attorneys and paymasters…..They are very excited. 

MZ: The passing of article 140 is huge…..and a big part of the excitement today.

Member: Everyone is talking  about the Hydrocarbon Laws  or article 140 and sharing of oil revenues with Iraqi citizens right now. Frank26 talked about this last night as well.

Mod: PASSING OF 140 SHOULD BE THE LAST PLAY OF THE GAME, THE BALL IS SNAPPED AND NOW THE RACE INTO THE END ZONE IS UNDERWAY

Member: Iraq just needs to do it……..the Iraqi people and the rest of the world desperately needs this

Member: I would be completely happy with a NEER Nominal Effective Exchange Rate) right now. Any least it would take some pressure off!

Member: Has Venezuela and Viet Nam joined BRICS?????

Member: Venezuela has for sure……

MZ:” Eurasian Economic Union explores common payment system with BRICS”  Eurasia, BRICS, Asia are all coming together with an alternative economy…..and IRAQ is actively pursuing joining BRICS.

MZ: Iraq is one of the biggest lynchpins in the entire reset of the economic RV and is headed towards BRICS. What does that tell you?  That the great standoff between the WEF (world economic forum or deep state) and the rest of the world is a boiling pot about to blow the lid off.

MZ: I think this is Iraqs way of saying they are done waiting for the west and are going to move forward with the back up plan of joining BRICS in order to force the reset…..So I am excited about this movement.

Member: Looks like the deep state getting hit with brics…..lol.

Member: Mark based on your new exciting info…what is your best guess of timing?

MZ: I can tell you what the chatter is coming out of Iraq which appears probable. Iraqi chatter is they are going to announce to the world that they changed their rate on the 3rd of Dec. That is the chatter from overnight…... This would mean things need to happen very soon…..seems the 140 implementation has shaken things loose over there and was a massive step forward for Iraq.

MZ: Lets see if Iraq follows through…..they have left us at the alter many times already.  

MZ: I think it could be tomorrow…or it could be the 3rd…..I think we are in the short end of it. Noone knows the exact timing until it happens…..we just know what they are expecting.

Member: once the kurds are invited to the $$$$$ table looks like its done!!! Awesome news!!

MZ: We have been told for years that the Hydrocarbon law and article 140 has been a big sticking point to finishing the RV of the dinar. And the sharing of oil revenue fairly and honestly among all the citizens….I am excited about this move forward.

​Member: I wonder when the new rate is finally revealed, will it be active and actual from that very moment moving forward?

Member: it should be….and we should be making exchange appointments….

Member: And redemption centers are looking at it overnight tomorrow night into Thursday.

MZ: if Iraq wants to announce to the world on Dec. 3rd….then theoretically they need to RV a few days ahead of that….

Member: Royal Bank of Canada to buy HSBC Canada division for 10-13.5 $Billion

Member: Timing is interesting with XRP to Pop in the next few days as well. It’s gonna go at same time of currency revaluation. QFS to move the $$$$$

Member: anyone see an IRS announcement from yesterday?

MZ: I keep trying to reach my contacts and cannot reach them…..I am hearing nothing on this.

Member: A broadcast I heard said IRS is going to send a 1099 for any transaction of $600 and above for people that use Paypal, Venmo, CashApp, and all online accounts such as these.

Member: Julie Green mentioned the Fed and the IRS this morning.

Member: I'm dreaming of a Great Christmas

Member: Mark Huge Thanks as always for bringing this community all the latest news & updates.

Member: Thanks Mark for all the Intel and great advice.

“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”

Dr. Rich and team join the stream at the end…..please listen to replay for their information.

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The next stream is tonight at 7 pm est…..unless.

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

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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.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=IzzKou7B5R8