“Zero Hour is in Full Swing” – Thurs. PM KTFA Thoughts/News 6-16-22



Clare » June 16th, 2022


Samson » June 16th, 2022

Parliamentary Finance comments on the decision to install contracts within the Food Security Law

16th June, 2022

Today, Thursday, the Parliamentary Finance Committee commented on the decision of the Council of Ministers yesterday regarding the confirmation of contractors within the Food Security Law.

Committee member Nazim al-Shibli said in an exclusive interview with “Mawazine News”, “The allocation that was put forward in the Food Security Law was to improve the reality of the lecturers’ situation and transfer them to a higher degree, as well as 315 contracts and also for contracts whose conditions are met by the stabilization mechanism to improve the economic reality for all groups.”

He added, “The Food Security Law included voting on 1,000 contract degrees for each governorate, and the application of these paragraphs belongs to the Ministry of Finance for the benefit of our children.”   LINK

Al-Sadr sets one condition before his return to the political process

15th June, 2022

On Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, set one condition before his return to the political process, indicating that he would not participate in any elections in which the “corrupt” participate.

Al-Sadr said in a meeting with deputies of the Sadrist bloc, which was held today in Al-Hanana in the Najaf governorate, “I decided to withdraw from the political process so as not to participate with the corrupt in any way.” He added, “If the corrupt participate in the upcoming elections, I will not participate in them.”

Al-Sadr continued, addressing the resigned Sadrist bloc deputies, “If the corrupt are removed and I participate in the upcoming elections, you will represent the Sadrist bloc again.”

Earlier today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, held a closed meeting with representatives of the Sadrist bloc who had resigned from Parliament.

A source close to the Sadrist movement told Shafak News Agency that all the Sadrist bloc’s deputies who resigned from the parliament, along with the president and members of the political body of al-Sadr’s office, attended, today, to the office of Mr.  LINK

Al-Sadr : I will not participate in the upcoming elections in the presence of the corrupt

15th June, 2022The leader of the Sadrist movement, Muqtada al-Sadr, confirmed today, Wednesday, that he will not participate in the upcoming elections in the presence of the corrupt.

Al-Sadr said during his meeting with members of the Sadrist bloc in Najaf, followed by the Iraqi News Agency (INA), that “and after welcoming you and before farewell between us and after thanking you for your positions and unity, I would like to tell you one thing, that I decided to withdraw from the political process so that I do not participate with the corrupt in any way.” One of the images, neither in this world nor in the hereafter.

He added, “I want to tell you, in the upcoming elections, I will not participate in the presence of the corrupt, and this is a covenant between me and God, between me and you, and with my people, unless God relieves and removes the corrupt and everyone who plundered and stole Iraq and permitted bloodshed.”

Addressing members of the Sadrist bloc, he continued, “If we participate in the corresponding elections, keep women and men on standby, and do not disperse and integrate politically, ideologically, parliamentary and legally, and communicate with the Iraqi people.”   LINK

The World Bank warns of the impact of the delay in forming the government and approving the budget on the growth of Iraq’s economy

16th June, 2022

A report issued by the World Bank warned of the impact of the delay in forming the government and approving the budget on the growth of Iraq’s economy.

The report said, “Iraq is gradually emerging from the deep recession that it experienced in 2020 due to the Corona Virus (Covid-19) pandemic and the accompanying collapse in oil prices, as after a contraction of more than 11% in 2020, the Iraqi economy achieved a growth rate of 2.8% in 2021 with the easing of restrictions imposed by the Corona pandemic on movement, and this growth was supported by a strong expansion in non-oil production, especially in the services sector. He added, “With the gradual cancellation of the “OPEC +” production cuts, oil GDP also began to grow in the second half of 2021, and the rise in oil revenues prompted a surplus in public financial balances and total external balances in Iraq in 2021.”

The report quoted Saroj Kumar Jha, Regional Director of the Mashreq Department at the World Bank, as saying: “Iraq has a unique opportunity to undertake urgent and wide-ranging structural reforms through 3 means: taking advantage of the fiscal space resulting from its recent sudden oil revenues, and secondly, redirecting government spending towards programs that Improving growth is critical to economic diversification and job creation, and thirdly, addressing the country’s human capital crisis.”  

The World Bank report confirms that “the current food security challenges in Iraq have intensified in the midst of the current rise in global commodity prices, while the level of local food production is below the level of demand caused by rapid population growth, and severe droughts and other climate change factors have led to exacerbate this situation, and while subsidies and direct transfers can help mitigate these negative impacts in the short term, achieving food security requires coordinated efforts to improve local food production and more efficient management of water resources.

The report pointed out that “the financial, social and economic challenges in Iraq underscore the need to accelerate the pace of much-needed macro-structural and financial reforms to remove obstacles to private sector development, increase investments in water efficiency and agri-food systems, and shift towards more sustainable sources of energy, in addition to Decarbonization of the transportation sector.

The report says, “A further delay in forming the government and approving the 2022 budget may lead to limiting the use of the country’s sudden oil revenues, as the actual ceilings of the 2021 budget have been reached, and suspending the implementation of new investment projects, which may reduce economic growth.” The white paper “developed by the Iraqi government remains a model and a bold blueprint for a comprehensive economic reform program towards economic diversification.”

The report singles out a special chapter on the “Corona pandemic and the human capital crisis,” and says, “A child born in Iraq prior to the Corona pandemic may have a productivity of only 41% when he reaches the age of eighteen, than it would have been if he enjoyed a full education and full health, as the pandemic has affected the human capital in Iraq by negatively affecting the health of workers today and their level of economic well-being, as well as by reducing the potential productivity of the future generation in Iraq. Addressing such challenges requires taking an educational reform path to raise the level of learning and skills development among Iraqi children.   LINK

Integrity : Prison sentences for the former governor of Babylon and the former director of the Trade Bank of Iraq

16th June, 2022

Today, Thursday, the Integrity Commission announced the details of the sentences issued against a number of officials, noting that the sentences included imprisonment for the governor of Babylon and the former director of the Trade Bank of Iraq.

The Commission’s Investigation Department stated, in a statement received by the Iraqi News Agency (INA), that “the Babylon Criminal Court – the Third Commission issued a prison sentence in absentia against the former governor of Babylon, for blackmailing and bargaining with complainants, for the purpose of disbursing their financial dues resulting from the implementation of a project to equip and install two devices (ringing). and Mefras Helwani) at Marjan Hospital in 2018.  And she added, “The court issued a seven-year prison sentence to the convict in accordance with the provisions of Resolution (160 of 1983), with an arrest and investigation order issued against him.”

The department confirmed, “The Rusafa Criminal Court issued a ruling in absentia imposing a prison sentence of seven years on the former Director General of the Iraqi Trade Bank, on the issue of exaggerating the purchase price of a real estate in Basra Governorate.”

The statement continued, “The Central Anti-Corruption Criminal Court issued a judgment in attendance to imprison the Director of the Legal Department of the Civil Aviation Authority, on the charge of receiving a sum of money from a director of a company, in return for performing one of his duties, and facilitating contract procedures for the complainant.” That “the court decided to imprison the convict for seven years, based on resolution (160 of 1983), with the imposition of a fine of ten million dinars against him.” 

And he stated that “a verdict was issued in attendance to imprison the director of the yellow maize plant located in the Al-Alam district in Salah al-Din Governorate, for seizing an amount of (57,687,000) dinars, for the value of (187.5) tons of yellow maize, noting that “the Salah al-Din Criminal Court – the Commission The second issued its decision to imprison the director of the laboratory in his presence for a period of six years in accordance with the provisions of Article 318 of the Penal Code in reference to the provisions of the subscription articles (47, 48 and 49) of it.   LINK

Source: Dinar Recaps

Samson » June 16th, 2022

Russia warns of a dangerous confrontation with America: We have reached square zero

16th June, 2022

Russia has warned that US relations have reached very dangerous levels and threaten a serious confrontation between the two countries. Moscow said that the situation between Russia and Washington has reached square zero. 

The Kremlin spokesman said that the situation between Moscow and Washington threatens to confront a very dangerous one, coinciding with the one-year anniversary of the summit between Russia and the United States, which was held on June 16, 2021 in Geneva.

Russian presidential spokesman Dmitry Peskov said that Russia and the United States should have discussed and discussed extending the START treaty yesterday. Peskov stressed that this issue should not be ignored, because it is important not only for the two countries, but also for the whole world.

The representative of the Kremlin added: “This issue cannot be avoided. It is possible, of course, like an ostrich, to try to bury the head in the sand, and use the pretext to start a special military operation.”

This issue should be discussed by Russia and the United States, Peskov added. It should have been discussed yesterday. This debate is important not only to the peoples of our two countries, but to the entire world for the sake of global security.    LINK

Source: Dinar Recaps

DoTalkToMe » June 16th, 2022

Suspension Removal_____ CHINA EVERGRANDE GROUP June 16th, 2022
Due to ongoing suspension in trading of CHINA EVERGRANDE GROUP,
the following treatment will be applied to the following indices:

CHINA EVERGRANDE GROUP will be removed from the index at a price
of Zero. Effective date (open ):

Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

China Evergrande to announce restructuring proposal by the end of July.
IMF warns China’s property stress poses spillover risk

Samson » June 16th, 2022

After the Sadrists resign, framework efforts to form a quick government

16th June, 2022

A parliamentary source confirmed, on Wednesday, that the coordinating framework will not move according to its specific directions, suggesting that there will be reactions from the Sadrist movement.

The source told “Mawazine News” that if there were no reactions from the Sadrist movement and they proceeded according to the hadith of Muqtada al-Sadr, there would be a rapid formation of the government.

He added that the meeting of the coordination framework, in the presence of Prime Minister Mustafa Al-Kazemi today, stressed that the political heads of the country are progressing with outputs to form the government quickly.    LINK

Tivon » June 16th, 2022

Listen, I’ll say this again briefly. Everything from the EFSL, 2022 Budget, and the formation of the GOI at this stage will happen for different reasons.

First the 2022 Budget has access to the “Final Accounts”. What is that? The revenues from the past ten years from 2014 up until now. They need to find out what happened to the money. Because once the life cycle of the EFSL ends they can not go into 2023 and start a new Budget (For That Year) and still not know states actual expenses from all those years.

Remember, only 51 trillion is going into the 2022 Budget. Why? Because the year is almost over and they do not want to allocate more then that because they only have 5 1/2 months left to do anything useful with the 2022 Budget.

So they will only address “New Projects” in this year’s 2022 budget. The EFSL was for stalled ongoing projects (Reconstruction/Investment) that was never addressed in the past ten years. Why? Because there was no budget. Remember it all comes down to contracts. And since the EFSL has the HCL/Oil & Gas Law they can get “The Wheels of The Economy” (Mazhar Muhammad Saleh) moving while they sort out the formation of the government and take care of the citizens and give them “Purchasing Power” with the current EFSL.

That way they can start next year with a clean slate since  the EFSL is removing all corruption from the currency sale window (Private Banks) and Customs Authority which was recently announced.

Which is why they are confident about the ATM roll out because it is electronically secured with features that can swap old currency out for new. If you read my post yesterday you would know where I’m going with this.

This is the number one reason why they need to form the GOI. Simply because there is no other way to gain access to the “Final Accounts” for general reasons that Militia-Man said has been sorted out. But, for record keeping they still can not close out this year without it being on the books officially.

They do not need the 2022 Budget for money. They need it for the financial files. Which is why they are being cheap about how much they will put in the 2022 Budget.

The EFSL will address “Citizens Entitlements”. What are they entitled to? The Oil Contracts Kurdistan signed over to Baghdad that includes what? The HCL/Oil & Gas Law. Which is in their Constitution (Article 60/Second)

There is no budget as it stands at the current juncture that has this particular contract. Which is why Kurdistan was crying and whining about their oil shares not being included in the EFSL. Nor will it be in the 2022 Budget. Why? Because the remainder of the year is all about the concerns and vitality of the Iraqi citizens. IMO

Samson » June 16th, 2022

Extensive praises to the Customs Authority after implementing the “Automation” system

16th June, 2022

Today, Thursday, citizens praised the work of the Customs Authority, after implementing the automation system to reduce corruption.

Citizens, via Alsumaria News, welcomed the application of the automation system in customs transactions, stressing that “this system will reduce corruption operations and facilitate the work of auditors, as well as that it will achieve financial sustainability and diversify the economy in accordance with the principle of integrity, transparency and anti-corruption.”

In turn, the auditors of the Customs Authority expressed their satisfaction and welcome with this system, which would maximize revenues and reduces corruption in customs work, indicating that this system will contribute to the development of the authority’s departments, improve its performance and achieve effective management.

And earlier, the General Authority of Customs announced that it had started, in cooperation with the global Scuda team of the United Nations, the introduction of an automation system for customs work, stressing that this step came to reduce corruption and facilitate the completion of auditors’ transactions.

A statement from Customs, which was received by Alsumaria News, stated: Iraq recently joined more than eighty Arab and foreign countries that introduced the automation system in customs work, as the Customs Authority contracted with the international team of the Scuda project of the United Nations to launch the first phase by activating the electronic system within the authority.

The statement stated, “To maximize revenues and reduce corruption in customs work, the automation system was introduced, and one of the most important principles that the authority will work with is by including all information and data in the automation system, which is characterized by the difficulty of penetration.”   LINK

Implementation Of (40) Arrest Warrants And The Seizure Of Weapons In Maysan During The Past 24 Hours

16th June, 2022

The Maysan Police Directorate announced today, Thursday, the arrest of (40) wanted persons in criminal cases and various legal violations.

The Directorate said in a statement that among the detainees were (6) accused of terrorism, noting that the number of (7) Kalashnikov rifles, 2 hunting rifles, 1 BKC weapon, 1 RBG7 launcher weapon and 4 rocket launchers were seized. One (1) 12 mm machine gun, (1) GC rifle, and (9) Kalashnikov magazines.

She explained that the arrests of wanted persons and the seizure of weapons took place within the past 24 hours through security practices carried out by its detachments from the directorates of the investigation departments in various sectors of responsibility, with the participation of emergency police and intelligence agencies.

And she confirmed that legal measures were taken against all the accused, their arrest was fundamentally, and the weapons were referred to the competent authorities.    LINK

Sir » June 16th, 2022

IMO-ZERO HOUR is in full swing, this should be very interesting couple days.
All those files they have been talking about from time to time in previous articles. Rats will get no sleep tonight..

Source: Dinar Recaps


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