“Key Juncture” – Thurs. AM-PM KTFA Thoughts, News w/ MilitiaMan, Tivon 7-14-22

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Samson » July 14th, 2022

Our economy and stagflation in the global economy

13th July, 2022 by Samir Al-Nusairi

Most of the world’s countries have been suffering for nearly two months from a new economic crisis that is the harshest and most harmful to the economies of countries from the previous crises that  swept the world previously, the last of which was the closure crisis due to the Corona pandemic

Yes, it is a crisis (stagflation) due to food shortages, high prices, the Russian-Ukrainian war, the economic conflicts between America and China, the struggle to control oil prices, and the attempts of the affected countries to find plans and deals to control this rise that occurred during the past twelve months

Through our follow-up, observation and analysis of the movement of the global economy, we note that most countries of the world have increased inflation rates and exceeded one rank and ranged between (5-15%) as it is now, for example in Iraq and most Arab and developing countries. 

It is expected that these percentages will rise during the next six months because the major affected countries from the stagflation crisis, its central banks will take difficult decisions in order to control the prices of their local currencies from declining and maintain their foreign monetary reserves at safe rates, thus reducing stagflation and maintaining relatively stable prices and balanced economic growth with the current prevailing economic conditions

Therefore, I think that the solution to achieve the above goals is that most central banks will be forced to raise the   interest rate with a tiger that is commensurate with their economic situation

Therefore, the matter was estimated by Iraq’s economic situation, although we have not reached stagflation at the moment, and the dollar that enters is still higher than the dollar that exits because of the financial abundance due to the high oil prices, but this will not last long, especially since the major economic countries will do the impossible in order to restore oil prices to the rates

The target is in light of its interests, and thus Iraq will suffer from a new stifling economic crisis, especially as the country suffers from turmoil, political closure, a temporary government with limited powers and the absence of a general budget, and for the purpose of the Central Bank exercising its role in reducing inflation and controlling the general level of prices and maintaining the exchange rate of the dinar within its target limits And controlling the interest rate and maintaining its foreign cash reserves within the required rates, as well as controlling the money supply

Certainly, all of these aspects are among the objectives of the Central Bank and the concerns of its board of directors during the next stage for the purpose of avoiding the harm that currently threatening the world

May God protect Iraq, its people and its economy  LINK

Source: Dinar Recaps


Samson » July 14th, 2022

Al-Kazemi: Iraq is stronger than it was before and stands with greater confidence on the international stage and draws its own footsteps

The Iraqi Prime Minister Mustafa Al-Kazemi confirmed on Wednesday that Iraq today is stronger than it was before and stands with greater confidence in the international stage, indicating that he is drawing his own pace, locally, regionally and internationally.

Al-Kadhimi said in an article published in the “Foreign Policy” magazine and distributed by his media office, “When US President Joe Biden arrives in the Middle East this week, he will reach a region that faces many challenges, such as terrorism, food security, and climate change. But the Middle East today a region facing these challenges with a group of leaders seeking positive change.”

“I will represent a recovering Iraq that stands with greater confidence on the international stage and is stronger than it has been since President Biden’s last visit in 2016, or even when we met in the Oval Office last year,” he added.

Al-Kadhimi continued, “The United States has played a major role in supporting Iraq over many years, and we are grateful for the help and sacrifices that the Americans made to support us,” explaining that “Iraq is drawing its own footsteps today, locally, regionally and internationally.”

He pointed out that “what I hope Biden realizes after our meeting in Saudi Arabia on Friday is my personal determination, and the determination of the Iraqi people to solve Iraq’s problems through Iraqi solutions.”

And he indicated that “Iraq is now a multi-party and multi-ethnic constitutional democracy. Yes, we are still in the protracted process of forming a new government after the elections last fall. The formation of the government took a long time, and it really raised the frustration of many inside and outside Iraq.”

Al-Kadhimi added, “I share that sentiment, but I am also proud of the state’s ability to continue to serve Iraqi citizens, protect our natural resources, and play a leadership role in regional initiatives that enhance prosperity and security.”

The Iraqi prime minister said, “Nearly two decades have passed since the elections, which is a great evidence of the extent to which democracy has consolidated in Iraq after more than three decades of Saddam’s brutal dictatorship. This is a success story that cannot be overlooked.” He pointed out that “the political difficulties that result from the elections are an example of the confused conditions that democracy sometimes produces, and confirm the need to consolidate the principles of democracy in Iraqi public life, and to ensure its sustainability in a way that is not limited to the ballot boxes.”

He pointed out that “the path towards a successful democracy requires time, will and leadership, and with us standing on our two feet after the expulsion of ISIS from our land, we are able today to look towards better prospects, as our country is no longer a passive member of the international community; we are now active at the regional and international levels, including the initiative to host a multilateral summit aimed at strengthening regional cooperation and stability.

Al-Kazemi added, “Last year, Iraq hosted the Baghdad Conference for Cooperation and Partnership with the leaders of Jordan, the United Arab Emirates, France, Qatar, Kuwait, and Egypt, with the participation of ministers from Turkey, the Islamic Republic of Iran, and the Kingdom of Saudi Arabia.” He explained that “the conference discussed security, economic, and environmental issues whose solutions require goodwill, sincere participation, and cooperation between countries, through these and other initiatives, we were able to play a positive role in the region,” stressing that “this is evidence of my government’s commitment not to spare efforts to achieve stability in our country and the region.

He continued, “While we seek to calm tensions by bringing the various parties together, we also strongly support respect for the sovereignty of each country and the necessity of non-interference in the internal affairs of other countries,” explaining that “our relationship with the United States has witnessed a change for the better, and while our historical cooperation revolves around the Security and combating terrorism, the relationship is now expanding to include other equally important societal challenges, such as: economy, energy, climate change, environment, health, education, and culture.   LINK

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MilitiaMan » July 14th, 2022

There is much confidence to be had… The data is very supportive of that. To have Total conclude the contract? Wowzer, Iraq responded effectively in an immediate response. imo

The confidence you show and see as many do, is not wrong.. Thank you! imo Game is coming to an end…  ioo ~ MM

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ATPinfinity » July 14th, 2022

“It seems these days that Mustafa Al-Kazemi, the outgoing head of the (caretaker government.. lol), is preparing to receive his second transitional term by intensifying his activities at all internal and external political and service levels, following up on the implementation of various projects and inaugurating others….”

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MilitiaMan » July 14th, 2022

The play they are saying is he is our guy.. TOTAL was a key international move. $27 billion is not lost on the world markets.. imo.. The timing is a used, at a key juncture in the global financial stage.. POTUS in the ME and UST in the INDONESIAN realm… Timing.. imo ~ MM 

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Tivon » July 14th, 2022

“The Blitz Play” In gridiron football, blitzing is a tactic used by the defense to disrupt pass attempts by the offense. During a blitz, a higher than usual number of defensive players will rush the opposing quarterback, in an attempt either to tackle him or force him to hurry his pass attempt.

The EFSL (Emergency Food Security Law) was what disrupted “business as usual”. It caught Maliki off guard. It has all the contracts. It had prominent financial institutions supporting it. Not to mention the surpluses from oil. And it was designed to weed out corruption as it was hard to steal funds since it acted as a complete budget with the US Treasury & World Bank involved.

Hence all the resignations that took place after it passed. Al-Sadr knew there was no chance for the any political bloc at that point who chose to oppose Al-Kazemi. Now they are forced to play a different game that benefits the defense. Which is why even the enemy Maliki himself tried to leverage the 2022 Budget by saying the citizens deserve purchasing power prior to it passing if it was to be voted on in October.

But at that point time had already run out. They had to huddle and came up with different scenarios. One try to file lawsuits against the EFSL. That failed. The other was voting Al-Kazemi out. That failed. The last was threatening Al-Kazemi to not visit Saudi Arabia & Iran. That failed. Now since they are still on the 80 yard line on fourth down had to throw a Hail Mary at the last minute by offering an electoral competition for candidacy ….but that to will fail.

Once it does  Al-Kazemi will on that same 80 yard line and only down by six. His first play with 60 left on the clock will be the French Oil Company. Who’s he going to pass the ball to? The CBI ofcourse. IMO

Henig » July 14th, 2022

If the opponent blitzes, someone is left uncovered, and a good quarterback understands that player will be open–and make that defense pay dearly.

Maliki isn’t a good quarterback. Al-Kazemi is.

I expect a blitz every down now that Al-Kazemi is the quarterback–and he will make them pay.   Get out your popcorn and enjoy.

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Tivon » July 14th, 2022

Maliki not a good quarterback hence the Hail Mary from 80 yards away. He wasn’t even good enough to get them to the middle of the field. He’s definitely a 3rd string. He never had so much pressure applied and he didn’t know what to do under that heat. Which is why he no longer wants his hat in the ring. The EFSL was “The Great Disruption”. And you are right. Al-Kazemi is about to turn it up to 100. We all read his speech today that implies that.

Samson » July 14th, 2022

Parliamentary Finance excludes the existence of a budget for 2022 and explains the reason

14th July, 2022

The Parliamentary Finance Committee revealed the reason for excluding the adoption of a financial budget for 2022.

Committee member Jamal Cougar told {Euphrates News}: “There is no opportunity to pass the budget law, as it needs to go through a series of formations so that we can say that there is a possibility to send the budget.”

He added that “the draft law needs steps to be sent and transferred between the corridors of state institutions for a period of no less than 12 weeks, and this is at least in the last two months of this year, while the government is tasked with preparing a draft budget for next year, starting from next August, and this is not possible, so we rule out approval.” Budget Law for 2022.

It is noteworthy that the House of Representatives voted last June 8 on the proposed law on emergency support for food security and development.

The law aims to “achieve food security, reduce poverty, achieve financial stability in light of urgent global developments, continue to provide services to citizens and raise the standard of living for them after the budget law expires, create job opportunities, maximize Iraqis’ benefit from state resources, advance development, and resume work on stalled and lagging projects due to lack of Financing and running new projects of importance.

Prime Minister Mustafa Al-Kazemi said that the law on emergency support for food security is not a budget, but rather that we are going through an exceptional circumstance, and we, as a caretaker government, have no right to enact laws, so we resorted to the food security law, which requires us to work hard to implement it for the benefit of the Iraqis.

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Tivon » July 14th, 2022

People, what have I been telling you all? I stated this as a possibility before it was even published before the last article a few days ago.

They do not need the general budget for this year. The EFSL will take care of everything that matters for the citizens and the economy. And whatever funds are leftover from the EFSL can go into the 2023 Budget.

So now you can see they have no choice but to pick PM Al-Kazemi for the remainder of the year into the next. Passing a budget would not make an iota of sense. Now they are forced to play a different game. One where they are now trailing behind someone who will lead with a higher purpose away from the status quo of the old ways. IMO

Samson » July 14th, 2022

Al-Sadr turns off his phone and cuts off communication with the leaders of the coordination framework

14th July, 2022

According to political sources, that the head of the Sadrist movement, Muqtada al-Sadr, shut down his phone and cut off all kinds of communication with the leaders of the coordination framework.

The sources said in identical conversations to “Mawazine News” that “Al-Sadr cut off all kinds of communication with the leaders of the coordination framework and closed his personal phone from which he was communicating with the political leaders.”

She added, “The head of the Sadrist movement told everyone that he does not want to participate in the government formation talks or even express his opinion on them,” noting that “Al-Sadr’s attendance at the united prayer tomorrow in Sadr City has so far not been resolved.”    LINK

Tivon » July 14th, 2022

He cut off all communication because he knows they are “Dead In The Water”. Why would he continue talking to dead people? There’s no future for them unless Al-Kazemi gives them one. But that would come with concessions that they are not going to submit to simply because it prioritizes the citizens over sectarian intrest. The writing is on the wall. The clean sweep continues. IMO

Source: Dinar Recaps


Samson » July 14th, 2022

Iraq loses one billion dinars in gold reserves

07/14/2022 17:40:20

The economist, Duraid Al-Anzi, estimated that Iraq lost at least one billion dinars, as a result of the decline in currencies, including gold. 

Al-Enezi said {to Euphrates News}: “The economic decline occurred for all hard currencies, including gold, and for the first time in 22 years, the prices of the euro became equal to the prices of the dollar.” 

He added, “The mistake made by everyone, including governments, is their direction and storage of gold, and it was supposed to work on storing safe currencies and not building the economy on crises, and by treating them we would be harmed.” 

Al-Enezi continued, “The Central Bank of Iraq ranked fourth in the Arab world and forty globally in gold reserves, and our loss at the least amounted to one billion dinars after this decline.” Gold futures fell, today, Thursday, with the price of the US dollar rising globally.

According to the Comex rating of the New York Mercantile Exchange, gold futures were traded in August at $1,724.65 an ounce at 05:40 GMT. And the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.34% to trade at 108.13 dollars.   LINK

Al-Kazemi receives the Medal of Honor from the French President 

14th July, 2022

Prime Minister Mustafa Al-Kazemi received today, Thursday, the Medal of Honor, the highest honorary decoration in France.

The media office of the Prime Minister stated in a statement received by the Iraqi News Agency (INA), that “this honor came when Al-Kazemi received the French Ambassador to Iraq Eric Chevalier, who presented the medal on behalf of French President Emmanuel Macron, as this medal is one of the highest levels of honorary honor.”

Al-Kazemi expressed his thanks and gratitude to the French president, and for France’s efforts in support of Iraq and its democratic process.  The investment horizon, and the participation of French companies in this sector.

During the meeting, the Prime Minister expressed Iraq’s openness to cooperation with brotherly and friendly countries, in a manner that serves sustainable development and the consolidation of stability in Iraq and the region.  LINK

Source: Dinar Recaps

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