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Found 42 results

  1. Link: Article: Is OPEC’s No.2 Finally Complying With Output Cuts? By Tsvetana Paraskova - Jun 09, 2020, 10:00 AM CDT Join Our Community OPEC’s second-largest producer, Iraq, which also happens to be the least compliant member of OPEC+ since the group started managing supply to the market in 2017, may have finally started taking its obligations seriously. Iraq’s State Oil Marketing Organization (SOMO) has asked some of the Asian buyers of its Basrah crude grades if they could give up delivery of some already contracted cargoes for loading this month and next, sources familiar with the matter told Bloomberg News on Tuesday. The request for buyers to forgo some cargoes for those months suggests that this time, Iraq may be earnest in its attempt to play ball in the OPEC+ production cuts, after being the biggest cheater in all previous pacts. Iraq’s (as well as Nigeria’s) non-compliance with the record OPEC+ cuts in May nearly wrecked last week’s meeting of the pact, ahead of which the two leaders of the group, Saudi Arabia and Russia, had insisted that there would be an extension by one month to the current level of cuts only if laggards in compliance ensured over-compliance going forward to compensate for flouting their quotas so far. OPEC+ agreed on Saturday to extend the record production cuts of 9.7 million bpd by one month through the end of July, contingent on all countries in the pact complying 100 percent with their quotas and compensating for lack of compliance by overachieving in the cuts in July, August, and September. Before the meeting, Iraqi Deputy Prime Minister and then-acting Oil Minister, Ali Allawi, vowed that his country would further reduce production as it remains committed to the OPEC+ pact. At the video news conference following the OPEC+ meeting, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, emphatically said on Monday that “We have no room whatsoever for lack of conformity.” Today, Iraq’s new Oil Minister, Ihsan Abdul Jabbar Ismaael, confirmed in a phone call with his Saudi counterpart Iraq’s “full commitment” to the cuts, OPEC said in a press release on Tuesday. Iraq confirms “its commitment to the voluntary oil production adjustments of June and July 2020, as well as the voluntary adjustments for the period following the end of July, despite the economic and financial challenges,” Ismaael told the Saudi energy minister. By Tsvetana Paraskova for
  2. If oil prices go lower, will that cause economic collapse in Iraq?
  3. China: America is the most serious threat to world peace Internationals 2019-12-11 | 07:24 813 views Today, Wednesday, the Chinese Foreign Ministry spokeswoman described the United States as "the most serious threat to world peace," noting that Washington continues to fabricate charges against other countries. Chun Ying said, in press statements, that the United States is doing this to start wars around the world, so the United States poses a great threat to international peace and security. And this week, The Washington Post revealed testimonies and statements by American officials indicating that the US government was hiding the truth from the war in Afghanistan, and contradicted what the US presidents and military leaders announced that they had made progress in Afghanistan and that there was a requirement to enter into this war. . What the newspaper disclosed is a slap in the face for American officials advocating for human rights, according to a spokeswoman for the Chinese Foreign Ministry, but only reveals the visible portion of the floating iceberg. Ying said that the United States took allegations of weapons of mass destruction in Iraq as a pretext for directing military strikes in this country, which led to tens of thousands of casualties and the displacement of many Iraqis. Later the United States recognized that this pretext was fabricated and that evidence of weapons of mass destruction in Iraq’s possession was washing powder. Finally, the United States used the proofs of the White Helmets evidence of "chemical attacks" in Syria as an excuse to direct air strikes in this country, which led to many casualties and the displacement of many. Hua Chun Ying pointed out that the United States is still fabricating the charges in order to start wars around the world, and thus has become the most serious threat to international peace and security and has also become the most serious violation of human rights.
  4. Iraq-Saudi border crossing to reopen after nearly 30 years A signpost close to the Arar border crossing between Iraq and Saudi Arabia. Photo: AFP ERBIL, Kurdistan Region — An Iraq-Saudi Arabia border crossing is set to reopen after nearly three decades of closure, Iraq’s border crossing department announced on Thursday. A meeting held between Iraqi and Saudi border authorities at the Arar crossing set October 15 as a test period for its reopening, a department statement said. Anbar provincial council member Amira Odaie spoke to Rudaw on Thursday about the meeting. “Early on Thursday morning, Iraq’s border crossing department met with their Saudi Arabian counterparts to discuss the opening of Arar crossing border, in order to boost trades and tourism between the two countries,” Odaie said. Opening the Arar crossing will also provide job opportunities to Anbar province’s young people currently suffering from high rates of unemployment, she added. Graphic: Mohammed Alsafar | Rudaw English, Maps4news Arar crossing closed back in 1991, when relations between the two countries deteriorated after then-president Saddam Hussein invaded Kuwait. Iraq-Saudi relations were further damaged under former Prime Minister Nouri al-Maliki’s tenure. Rapprochement between the two began in 2015, when Saudi Arabia reopened their Baghdad embassy after 25 years of closure. A Saudi-Iraqi Coordination Council was established in October 2017 with the aim of strengthening relations between the two countries. Vying for influence in the country over regional rival Iran, Saudi Arabia opened a consulate in Baghdad in April 2019 after a visit from a 100-person Saudi delegation, including nine ministers. Riyadh pledged $1.5 billion in loans to Iraq during the trip. Iraqi Prime Minister Adil Abdul-Mahdi visited Saudi Arabia later that month, when the two countries signed 13 deals in the fields of political consultation, investment promotion and protection, agriculture, energy, electricity, and higher education. The Arar border crossing currently opens once a year, to allow Iraqi pilgrims to enter Saudi Arabia to perform the Islamic rite of Hajj. Link:
  5. This only from my research and opinion about Iraq economic. It’s hard for me to explain because English is not my native language. I found an article in French about economic and dinar is so interesting but it’s so bad I’m not fluent in the French language but I'm good analytical thinking. .My opinions 1) Iraq will focus crude oil as main of export in their country to give positive for them GDP because Iraq has much debt in the country, not external debt( financial report 2017). Because debt/GDP is the best measure of an economy’s capacity to handle debt, as long as the economy is growing faster than debt, the debt will fall relative to GDP. exporters become more competitive in a global market. Exports are encouraged while imports are discouraged. There should be some caution, however, for two reasons. First, as the demand for a country's exported goods increases worldwide, the price will begin to rise, normalizing the initial effect of the devaluation. The second is that as other countries see this effect at work, they will be incentivized to devalue their own currencies in kind in a so-called "race to the bottom." This can lead to *** for tat currency wars and lead to unchecked inflation. ( We will through revalue and peg with dollar and devaluation when inflation is less. 2) The value of money depends on confidence in the future of the economy and politics, of production and productivity, as the analyzes of the classics of economics on "value" have shown. That'S why we cannot see revalue if Iraq doesn’t solve politic issues.( Sadr is the point to get revalue dinar) 3) IRAQ having been forced to sell a fraction of its foreign exchange reserves in dollars to support its currency. (auction) 4) Iraq needs to revalue their currency to support foreign exchange reserves the function is to maintain liquidity in case of an economic crisis. For example, a flood or volcano might temporarily suspend local exporters' ability to produce goods. That cuts off their supply of foreign currency to pay for imports. In that case, the central bank can exchange its foreign currency for their local currency, allowing them to pay for and receive the imports.
  6. Trump gives Pentagon more flexibility on Iraq, Syria troops Associated Press 10:15 p.m Wednesday, April 26, 2017 National & World News NATION & WORLD Defense Secretary Jim Mattis and Joint Chiefs Chairman Gen. Joseph Dunford talks as they walk from an all Senators briefing on the situation in the Koreas, Wednesday, April 26, 2017, at the Eisenhower Executive Office Building on the White House complex in Washington. (AP Photo/Carolyn Kaster) WASHINGTON The White House is giving the Pentagon greater flexibility to determine the number of U.S. troops in Iraq and Syria, in another move by President Donald Trump to shift greater power to his military leaders. The decision will give Defense Secretary Jim Mattis the authority to send more forces into Syria, to assist U.S.-backed local troops as they move to retake Raqqa from the Islamic State group, which has used the city as a de facto capital. It will also let him adjust the force numbers in Iraq, in the ongoing fight to oust IS from Mosul and stabilize it as the rebuilding begins. The Pentagon has already been making quiet, incremental additions to the troop levels in both countries in recent months, adding hundreds of Marines in Syria to provide artillery support, and sending more advisers into Iraq to work with units closer to the fight in Mosul. Those moves were done with White House approval, but without any formal adjustment to the longstanding troop caps that had been set by the Obama administration. Dana White, chief spokesperson for the Pentagon, said Wednesday that Mattis has not made any changes yet to the current authorized force levels. Under the Obama White House, military leaders chafed about micromanagement that forced commanders to get approvals for routine tactical decisions and personnel moves, and provide justification for any troops sent into war zones. Commanders have argued that they should be able to determine troop deployments based on the military capabilities they believe are needed at any given time. The new authority will provide greater transparency about the actual number of U.S. forces in Iraq and Syria after several years of public confusion about the accurate totals. Under the Obama-mandated caps, the U.S. was limited to 503 officially deployed troops in Syria, and 5,262 in Iraq. The Pentagon, however, has closer to 7,000 in Iraq, and hundreds more than the cap in Syria, but doesn't count them because they are on temporary duty or not counted under specific personnel rules. The change, however, could trigger concerns — particularly in Iraq, where there are political sensitivities about the footprint of American and coalition troops and fears about occupation forces. Officials worry that if they publicly acknowledge there are thousands more troops there, it could fuel opposition and problems for the Iraqi government. Trump's decision applies only to the two countries, and so far does not affect Afghanistan, although that change has also been discussed. "This does not represent a change in our mission in Iraq and Syria to defeat ISIS," said White, using another name for the Islamic State group. She said the U.S. will continue to work through and with local forces, but giving Mattis the authority to make troop-level decisions will allow commanders to be "more agile, adaptive and efficient in supporting our partners, and enables decisions that benefit unit readiness, cohesion and lethality." She added that the change will allow the Pentagon be more open with Congress and the public.
  7. Prophecy of Babylon in the last days The Apostle John was given a peek into the future. He wrote it down and it is called the Book of Revelation. In it, John, describes the condition of Babylon in the last days and how its rise affected the whole world. Revelation 18:16:“…That great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!” 18:18 “…What city is like unto this great city!” 18:19 “Alas, alas, that great city, wherein were made rich….” 18:23 “…Thy merchants were the great men of the earth…” It is prophesied that Iraq will be rich once again and will make all kings, nations, and merchants rich because of her riches. Revelation 18:3 “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” 18:9 “And the kings of the earth, who have committed fornication and lived deliciously with her…” 18:15 “The merchants of these things, which were made rich by her…” It even describes Babylon’s(Iraq) exports and ISX, (Iraqi Stock Exchange). Rev. 18:12-13: “The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, and cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.” We are now standing at the edge of the beginnings of these things. Those of us who hold the Iraqi Dinar are about to enjoy the blessing of that which “hath been” becoming that which “shall be”. The Children of GOD who are invested in this incredible last days blessing will be made rich along with unbelievers who are also invested. “It rains on the good and bad alike.” And this is okay, as long as we use this miracle of wealth for the Glory of GOD and with the wisdom HE gives us. That is not to say GOD does not want us to enjoy it, but “Seek HIM and HIS Kingdom first” with it, and “All these things shall be added unto you”. Know also there will be a time when GOD calls HIS children out of Iraq and the things of it. Rev. 18:4: “Come out of her, my people, that ye be not partakers of her sins…” GOD has provided for us to be apart of this blessing, while at the same time staying out of the “fornications” of this world. Just like the Children of Israel being given the “Promised Land”, GOD warned them not to become like the peoples that were living there. This will be a GREAT Blessing, and it is a Blessing from GOD. Know this. GOD does not Bless us with a curse, and does not curse us with a blessing. However, it is up to us how we use it. It is up to us if we give the enemy, the devil a hand in it. We can allow the enemy to steal it from us, or we can plant it in “GOOD” ground and reap an hundred fold. Gen. 26:12: “Then Isaac sowed in that land, and received in the SAME year an hundredfold and the LORD blessed him.” The LORD longs to bless us the same way. We are HIS Children. Enjoy this Blessing and know that GOD has foreseen it for such a time as this and has chosen us to be a part of it. 11
  8. 4 – Significant Bronze Age city discovered in Northern Iraq Archaeologists from the University of Tübingen perform excavation work just 45 kilometers from IS territory – the settlement may have been an outpost of the Akkadian Empire. Archeologists from the Institute for Ancient Near Eastern Studies (IANES) at the University of Tübingen have uncovered a large Bronze Age city not far from the town of Dohuk in northern Iraq. The excavation work has demonstrated that the settlement, which is now home to the small Kurdish village of Bassetki in the Autonomous Region of Kurdistan, was established in about 3000 BC and was able to flourish for more than 1200 years. The archaeologists also discovered settlement layers dating from the Akkadian Empire period (2340-2200 BC), which is regarded as the first world empire in human history. Find out more Excavating the eastern slope of the upper part of Bassetki, where several fragments of Assyrian cuneiform tablets were discovered. Photo: P. Pfälzner
  9. Washington (AFP) - Before blowing up a jihadist cash hoard in Iraq, the US military warned bystanders of an impending strike by using a Hellfire missile to deliver the wartime equivalent of a doorknock, an official said Tuesday. It was the first time the Pentagon has conducted a "knock operation" in Iraq and Syria, and the inspiration came from watching the Israel Defense Forces (IDF) pioneer the controversial tactic in Gaza, Major General Peter Gersten said. The Baghdad-based commander told Pentagon reporters that ahead of the strike on a cash-storage facility on April 5 in Mosul, the military learned that a woman, children and other "non-combatants" also were using the building.He said the United States aims to avoid civilian casualties, and in this instance decided to warn occupants by exploding a missile just above the roof. "We went as far as actually to put a Hellfire on top of the building and air burst it so it wouldn't destroy the building, simply knock on the roof to ensure that she and the children were out of the building," he said. "Then we proceeded with our operations." Ultimately, the woman died anyway because she ran back just after US forces launched bombs to blow it up. "Much as we tried to do exactly what we wanted to do and minimize civilian casualties, post-weapons release, she actually ran back into the building," Gersten said. "That's ... very difficult for us to watch." Gersten said several men had also fled the building. He did not say if they were IS jihadists. "The men that were in that building, multiple men, literally trampled over her to get out," he said. The coalition has carried out about 20 strikes on IS cash, blowing up as much as $800 million worth of cash in the process, Gersten said. Critics of the 20-month-old US-led coalition attacking the IS group in Iraq and Syria say the military is overly cautious in avoiding civilian casualties. In a move ridiculed by hawkish opponents in the US Congress and privately by some coalition partners, pilots dropped pamphlets before bombing trucks ferrying illicit oil around Syria for the IS group. The IDF has for years warned occupants of buildings suspected of housing Hamas weapons to get out by "roof knocking." The technique has drawn sharp criticism. Observers say occupants are sometimes killed in the warning strike, or even run up to their rooftops to see what happened -- only to be killed in the follow-up strike. PS: And let's say a prayer, not only for the woman who died, but her family and all those who died anyway. ~ Peace Out
  10. Is this President O's big legacy? If this is true, how will it affect the RV? Russia will have no choice but to use Tactical (Battlefield) Nuclear Weapons to defend Syria once a ground invasion begins within 18 days, by 350,000 troops, 20,000 Tanks, 2,450 military planes and 460 Helicopters from 25 countries massing in northern Saudi Arabia. Syria has warned "any aggressor entering the country will go home in wooden coffins;" Russia has said "any country sending ground troops into Syria without permission will be considered a declaration of war." Thousands of soldiers from regional countries are set to participate in what is being "called" a military "exercise" media reports say. Saudi media said some 350,000 forces from Persian Gulf Arab states and a number of other countries will take part in a Saudi-led military maneuver in the area of Hafer al-Batin in northern Saudi Arabia. In addition to the massive troop build-up, some 2,540 warplanes, 20,000 tanks and 460 helicopters will also participate in the "exercise," dubbed “North Thunder.” The "exercise" is scheduled to last 18 days, during which the airspace over northern Saudi Arabia will be closed. Media reports say the "exercise" will be the largest in the history of the region. However, SuperStation95 has done research and there is no known example of this much military power being massed for an "exercise" . . . anywhere . . . ever. It seems quite obvious to any thinking person that the notion of an "exercise" is fraudulent on its face; this is an invasion force and when it moves, it will mean war. Egypt, Sudan, Pakistan and Persian Gulf Arab states are among the 25 countries that will also take part in the "exercises." The maneuver comes at a sensitive time after Saudi Arabia announced readiness to participate in any ground incursion in Syria if the US-led coalition decides to start such an operation. (Gee, what a coincidence.) Saudi Arabia is a member of the US-led coalition that has been conducting air raids inside Syria. The airstrikes have been going on without any authorization from the Syrian government or a UN mandate since September 2014. The Saudi "exercise" is believed as preparation for a possible ground incursion into Syria. Reacting to the troop deployment, Syrian Foreign Minister Walid al-Muallem said Saturday, “Let no one think they can attack Syria or violate its sovereignty because I assure you any aggressor will return to their country in a wooden coffin.” Pavel Krasheninnikov, a deputy of Russia’s State Duma, has warned Saudi Arabia that any military ground operation in Syria without Damascus’ consent would amount to a declaration of war. WHY NOW? The civil war which has been wrecking Syria for the past several years has been funded and backed by Saudi Arabia, Qatar, the United States and other countries. Months ago, when Russia entered the fray to protect their ally, Syria, the Russians began impacting the rebels in a big way. Within the last week, it became very clear that the rebel/ISIS stronghold in Alleppo, Syria would be surrounded and cut-off by the Russians and the Syrian Arab Army. Once Alleppo is liberated by the legitimate Syrian government, the entire rebel effort will collapse. That's why this past weekend, Saudi Arabia publicly floated the "offer" of providing 150,000 ground troops for a "U.S. lead invasion force to enter Syria to fight ISIS." Trouble is that ISIS is part of the rebel effort and the Saudis, Qataris' Turks and the USA all knew it. If the Saudis, Qataris, Turks and USA enter with ground troops, it will NOT be to "fight ISIS" but rather will be to protect the rebels! US Defense Secretary Ash Carter publicly replied that the Saudis had a good idea and he would take it up with our other allies. But if Alleppo falls, then the final holdout of the terrorists and rebels, a city called Raqqa, will fall as well and at that point, the civil war is over and the bad guys will have lost. As of tonight, February 10, 2016, Alleppo is now surrounded and cut-off. The Saudis are getting desperate to help their rebel/terrorist buddies. The only way the Saudis, Qataris, Turks and USA can possibly _hope_ to protect their rebel pals is to enter in such massive force, they overwhelm the Russians. This triggers another problem: Russia has a doctrine of using tactical nuclear weapons FIRST to protect their interests and their territory. TACTICAL NUKES MUST BE USED - NO OTHER CHOICE During the Cold War, when the old Soviet Union posed an invasion threat to western Europe, NATO's war plan called for NATO to use tactical nuclear weapons FIRST to stop the . . . 20,000 Russian tanks and overwhelming troops. The same way NATO knew that's the only way to stop 20,000 tanks and several hundred thousand man invasion force, the Russians know it too! And the Russians will be FORCED to use tactical nukes in order to protect Syria. As soon as those troops and tanks begin to cross into Syria, the Russian S-300 and S-400 missiles will begin taking-out the 2,450 military planes and 460 helicopters. The S-400 is probably the single most advanced anti-aircraft system in the world and the aggressor jets will drop like flies. But when the 350,000 troops and 20,000 tanks start crossing the border, the ONLY solution for the Syrians and the Russians will be to use tactical nukes. Perhaps those artillery-launched nukes would be fired inside Syria, but they would detonate on the border with Jordan, or Iraq (wherever the troops are entering from) and the wind will start carrying the fallout deeper into those countries. Perhaps the nukes would be fired into Saudi Arabia itself (because that's where the mass of troops is coming from.) Either way, the Arabs do not seem to realize who they are dealing with. Russia is a nuclear super power. Russia will NOT allow itself to be over-run or humiliated in Syria. Russia will do what Russia HAS to do; and an awful lot of Arab troops, who were lead down the primrose path by the US who is probably telling them they have nothing to worry about, will find out what it's like to see a sudden, bright, white flash, as their troops get vaporized. The U.S. will not strike Russia back on behalf of the Arabs, because the US knows Russia would then start launching missiles into the US heartland. The Arabs will have been lead down the road to utter destruction, by a US President whose allegiance is questionable. Is he Sunni . . . . or is he Shia? Has anyone bothered to verify it? He certainly gave Iran a sweetheart nuclear deal. Iran is Shia, isn't it? HERE IS HOW THIS WILL BE PRESENTED TO THE AMERICAN PEOPLE Right now, the mass media in the US is totally silent about how close we are to war. This is by design. When the Saudis and their pals begin the invasion and the Syrians and Russians are FORCED to use tactical nukes to stop them, the American people will suddenly be told "Russia has just attacked our ally, Saudi Arabia, with nuclear weapons. We must enter to defend our allies!" The American people, kept blissfully ignorant of who really started this and why, will say to themselves, "My God, those filthy bastards used nukes . . . .let's get em!" . . . . . and off to war we go. Obama - if he is Shia - would then achieve another goal: destroying "the Great Satan" as Iran has called us! So we in the US have to ask ourselves, is Obama a Christian - as he has claimed - or is he a Muslim as many have said? And again, if he is Muslim, is he Sunni or is he Shia? We need only look at the sweetheart deal he gave to Iran to get a very good idea of the actual answer! DIVERT ATTENTION FROM ECONOMIC COLLAPSE The reason this is going to take place is simple: The government in the US, and those in Europe, need a DIVERSION to shift the public's attention away from the coming economic collapse. Right now, banks throughout Europe are on the edge of collapse from their bad loans, speculation and corruption. In Germany, for instance, Deutsch Bank has seen more than fifty percent (50%) of its stock value get wiped out, with 40% of that fall since January 1. People are pulling money out in droves. The banks are becoming unstable. If (or when) Deutsch Bank collapses, they are exposed to "Derivatives" worth $50 TRILLION. When the bank fails, the $50 TRILLION hits the rest of the banks and they collapse too. In the USA, the "too big to fail" banks are now also heading into collapse because instead of changing when they needed bailouts in 2008, they kept right on doing what they were doing! Now they are all bigger and in worse debt! The governments do not have the credit or the cash to bail out the banks again, so when the banks go under -- and they will -- the governments need to divert people's attention from the fact that their life savings and retirement moneys have been wiped out; and a "limited nuclear war" is just what they need to shift people's attention away from losing their life savings! IT MAY ALREADY BE TOO LATE We may not be able to stop what's coming, but we have to at least TRY. There does not have to be a war. There is no reason or legitimate interest, in overthrowing the government of Syria and we are backing the bad guys if we continue trying to do that. If we allow Saudi Arabia and their Muslim buddies to go into Syria, it absolutely, positively will result in immediate war with Russia, and the Saudis are massing so much firepower and armor that the only way Russia can defend Syria is to use tactical nukes. Once that happens, the US will get sucked-in and our children will be sent to fight and die . . . . all as a diversion from the economic collapse caused by greedy bankers and inept politicians. Please post links to this article via FACEBOOK, TWITTER, Google+, Pinterest, Instagram, Craig's List and whatever bulletin boards or forums you frequent. We HAVE to get the word out about what is taking place so our fellow citizens are not blind-sided by a war that does not have to take place. Time is of the essence. There are only a maximum of 18 days left before it all goes to hell, and it may happen sooner than that. Update: Saudi’s decision to send troops to Syria in an attempt to bolster and toughen efforts against militants is “final,” the spokesman of the Saudi-led coalition force in Yemen announced on Thursday. Brig. Gen. Ahmed Al-Assiri, said that Riyadh is “ready” and will fight with its U.S.-led coalition allies to defeat ISIS militants in Syria, however, he said Washington is more suitable to answer questions on further details about any future ground operations. “We are representing Saudi’s [decision] only” in sending troops, he said.
  11. Iraq's about to plunge off a fiscal cliff — and the consequences could be dire From Business Insider The plunge in oil prices is already having far-reaching effects on countries whose economies are dependent on oil exports. But in Iraq, the stakes of cheap oil are even higher than in Saudi Arabia, which is instituting unprecedented taxation and austerity, or in Nigeria, which isnow asking for an $11 billionWorld Bank loan. What little remains of Iraq's government and social order might collapse if oil remains in its current price trough — with dire consequences. According to a Monday AFP report, Iraq is now selling oil at half of the country's apparent fiscal break-even price. Right now, Iraq is selling its oil at around $22 a barrel, half of what it would need to fetch for the country to be able to fund the upcoming year of government budgetary obligations, the report said. United Nations Joint Analysis UnitIraqi government revenue by year, divided by oil and non-oil sources. But Iraq's situation is actually even worse. As recently as the 2014 fiscal year, Iraq was formulating its national budget on the assumption that oil would remain at around $90 a barrel and that the country's oil exports would continue to climb (which they have). Iraqi government revenue experienced dramatic annual increases between 2009 and 2013, almost entirely because of oil (see the chart on the left). That's all over, now that oil is expected to stay under $40 a barrel through the end of the year. Though Iraqi oil is comparatively cheap to extract, it also contains unusually high levels of sulfur, meaning that it typically sells for around 10% less than Brent crude, the global price benchmark. The Iraqi government is still making money pumping oil — just not nearly enough to fund the country's anticipated national budget. Such a daunting fiscal cliff would be challenging for a stable or politically coherent country. But it's potentially disastrous in a place like Iraq, where the majority of territory is split between the terrorist group ISIS and the Kurdistan Regional Government. Even the areas still under some semblance of federal control are fought over by a constellation of militia groups with ties to recognized political parties. Ali Khedery, the CEO of Dubai-based Dragoman Partners, a former adviser to US Central Command, and a former Exxon executive with extensive on-the-ground experience in Iraq, warned that cheap oil threatens the country's last remaining semblance of order. "You are looking at a significant possibility of state collapse due to civil unrest," he told Business Insider. RNGS ReutersTerritorial control of Iraq as of January 22nd, 2016. ISF refers to the Iraqi Security Forces, the state's official uniform military. Cheap oil will eat into the Iraqi state's ability to continue fighting ISIS, which still controls Mosul, the country's second-largest city. And it could have an alarming effect on the patronage, corruption, and militancy that buoys the already dysfunctional Iraqi state. As Khedery explained to Business Insider, the number of Iraqi government employees is believed to have shot up from around 850,000 at the time of the US-led invasion in 2003 to more than 2.5 million by early 2015. It's a revealing statistic, considering Iraq's transition from a strong, centralized state under Saddam Hussein to a loose and often-violent federation under its current system. Khedery said that people were added to government rolls because of family, sectarian, or tribal connections. Some officials would pocket money through "ghost job" scams, embezzling salaries from employees that didn't actually exist. Some of the government's oil revenues would go towards militias with ties to official Iraqi political parties — organizations like the powerful Badr Group. "Why did the number of government employees go up 200%? The reason is that Iraq is a kleptocracy built on systemic corruption and patronage as a means of buying votes," Khedery told Business Insider. As a result, Iraq has little ability to hedge against against a plunge in oil prices. "Unlike Russia or Saudi, which have hundreds of billions in hard currency reserves and trillions in assets and state owned entities, Iraq is insolvent and bankrupt," he said. In a price crunch, Saudi Arabia has the option of selling off chunks of Saudi Aramco, itsperhaps multi-trillion-dollar state oil concern — which is exactly what Riyadh is reportedly planning on doing. Russia is a major gas exporter, and has a more-diversified economy than many other rentier states. Iraq, on the other hand, has little to show for the nearly half-trillion dollars in oil-export revenue the country received just in the decade after the 2003 invasion. It's largely been stolen, or dispensed to militia groups. The Brookings InstitutionIraq's oil export revenues in the decade after the 2003 US-led invasion of the country. As Khedery explained, an Iraqi "hard landing" has some alarming ramifications. A plunge in federal revenue would only harden the division between Baghdad-administered Iraq and the Kurdistan Regional Government, which already has is own oil ministry, government, and security apparatus, and which sells more than 600,000 barrels of oil a day independently of Baghdad. In addition to hastening the country's breakup, a budget plunge would also badly destabilize Basra, the southern export point for the vast majority of Iraq's oil. The city has already seen increases in violence between Shi'ite militia groups that the federal government has been unable to disarm. Once organizations like Khataib Hezbollah, Jaysh al-Mahdi, and Asaib Ahl al-Haq see their bottom line threatened, the city on which much of the Iraqi economy is dependent could begin to erupt. "The militias are going to start turning on the state, and they're going to start turning on each other," Khedery told Business Insider. "They're basically vultures who feasted on ethno-sectarian hatreds and high oil prices and patronage. And now they're going to have to start fighting each other for the scraps as the oil-funded pie has shrunk by more than 80%."
  12. Over the last two weeks, Russia has been destroying the “living pipeline” that has allowed Turkey to steal tens of millions of barrels of Syrian crude oil, much of it at peak market prices, while only paying their ISIS allies a pittance. This process isn’t new. Turkey did this all during the Bush era, having cut a deal with US “manager” Paul Bremmer, a deal VT insiders helped manage for Bremmer and that I was witness to personally. The game involved playing [baghdad, Iraq] against [E(I)rbil, Iraq In The Kurdistan Region] and bleeding off oil revenues from the Kirkuk Oil Fields, largest oil reserves in the world, as they moved by pipeline through Kurdistan and into Turkey. PoliticalVel Craft
  13. By Tim Lister and Nick Paton Walsh, A push to take back the Iraqi town of Sinjar from ISIS by Peshmerga forces has begun, the Kurdistan Region Security Council said Thursday. "Operation Free Sinjar will include up to 7,500 Peshmerga from three fronts to cordon off Sinjar city, take control of ISIL's strategic supply routes and establish a significant buffer zone to protect the city and its inhabitants from incoming artillery," the council statement said. Coalition warplanes will provide close air support to Peshmerga forces throughout the operation, it said. The world watched in horror last year as some 50,000 Yazidis scrambled up Mount Sinjar in northern Iraq to escape the ISIS onslaught. About 5,000 men and boys in Sinjar and nearby villages were massacred, according to U.N. estimates, while teenage girls and women were sold into slavery. Since then, Sinjar has become a chaotic jumble of demolished buildings whose only inhabitants are a few hundred ISIS fighters facing off against small detachments of Kurdish Peshmerga forces. But an operation to retake the town has been looming. Now, some 5,000 Yazidi fighters have been mobilized under the command of the Kurdish Peshmerga to take the battle to ISIS. Most are farmers; a very few have military experience. In Snuny, Iraq, a village that sits in the shadow of Mount Sinjar, Peshmerga forces have set up camp and Yazidi civilians have started to return home. Speaking to CNN last week, they vowed to take back Sinjar and exact revenge on ISIS. And this month, the tempo of airstrikes against ISIS positions in and around the town has picked up. Sinjar matters existentially to the Yazidis, but it's also important in the wider effort to defeat ISIS. The artery that passes through the town links Mosul -- ISIS' prized possession -- with cities it holds in Syria. Cutting this route is big one step toward dividing the "caliphate" that ISIS claims it is establishing. But the road also carries badly needed supplies to the 1.5 million people who still live in Mosul, where prices are rising and activists report hunger. Before the push to retake Sinjar began, Kurdish fighters said they knew it wouldn't be easy. Peshmerga commanders have estimated some 300 ISIS fighters are still inside Sinjar and likely plan to die there. They believe they will encounter hundreds of landmines and booby traps.
  14. The UN Security Council on Wednesday extended for another year the United Nations Assistance Mission in Iraq (UNAMI) and expressed its intention to review the operation’s mandate in 12 months or sooner, if requested by the Iraqi Government. Adopting a resolution, the Council extended UNAMI’s mandate through 31 July 2016, and, in line with the recommendations in the Secretary-General’s latest report to revise and prioritize the Mission’s tasks, requested the UN chief, in full consultations with the Iraqi Government, to report back with further details within the next 90 days. In the report, the Secretary-General describes a UN strategic assessment mission conducted from 21 to 29 April. Based on an overview of the current situation in Iraq as a point of departure, as well as extensive consultation with the Iraqi authorities and key national and international partners on the ground, the strategic assessment mission report endeavoured to look beyond the current crisis and to provide recommendations for UN strategy and configuration in Iraq in the next several years. The Secretary-General noted that while the current mandate of UNAMI would benefit from some streamlining, any changes to the mandate be made in full consultation with the Iraqi Government in order to complement its priorities. To that end, his recommendations included, among others, for UNAMI to maintain its focus on political good offices, as well as to facilitate humanitarian assistance, enhance mission activities in human rights and the rule of law and play a support role in specialized areas such as electoral assistance, and stabilization activities in areas liberated from the Islamic State in Iraq and the Levant (ISIL). In the resolution adopted today, the Security Council noted that the presence of ISIL on Iraq’s territory is “a major threat” to the country’s future, and underscored that the only way to address such a threat is for all Iraqis to work together by addressing both security and political concerns. The long-term solution to instability, the Council stressed, will require Iraq’s political leadership to make decisions that will united the country. The Council emphasized the support of the international community in this regard.
  15. U.N. Security Counsel Had Extended UNAMI Mandates In Iraq Until July 31, 2015. I wrote UNAMI to see if they will be extending UNAMI mandates on July 31, 2015. I received a note back from them and they told me that they are expecting to extend the mandates. Just another piece of the puzzle. My take is that Iraq is not quit ready to be left on their own!
  16. Fight against ISIL is helping the Kurds win their battle for independence. Photo: AP Fight against ISIL is helping with a different battle Jesse Rosenfeld February 11, 2015 Updated: February 11, 2015 06:30 PM The international community has, on occasion, been shocked by atrocities committed against the Kurds, but it has generally treated them as localised acts of oppression against a minority community in Iraq, Syria, Turkey or Iran. For years, the world turned a blind eye to Kurdish aspirations for self-determination. However, their centrality in the battle against ISIL and the unity forged by the Kurds as they fight a common enemy is forcing the world to see Kurdish demands for political and cultural rights in a new light. “The Kurdish people have been fighting for their existence for 40 years,” Ayse Efendi, recently told me in Suruc, the Turkish border town next to Kobani. “But since the war [with ISIL] the world is starting to understand what we are fighting for.” As a leader of the Kurdish Syrian refugee community, Ms Efendi, 55, plays a central role in organising the return of refugees to fight on the Syrian front. She is also the wife of Salih Muslim, leader of the political wing of the Syrian Kurdish Peoples Protection Units (YPG). With one son killed in the Syrian civil war and another fighting as a guerrilla in the armed wing of Turkey’s banned Kurdistan Workers Party (PKK), Ms Efendi’s life exemplifies the tightening cross-border ties between Kurds. Labelled a terrorist organisation across most of the West for its 29-year-old armed uprising against Nato member, Turkey, the PKK has become an essential fighting force against ISIL in northern Iraq. The PKK bolstered the US-backed Iraqi Kurdish peshmerga forces and trained Yazidi volunteer units on Mount Sinjar. And heavy artillery brought by the peshmerga to bolster the YPG, a PKK sister organisation, was essential to Kobani’s liberation. The Kurds are now in a very different political situation from the 1990s. At the time, the international community turned a blind eye to Turkey’s brutal repression of them and to the Kurdish civil war in Iraq. Now, the Kurdistan Regional Government in Iraq is a major oil supplier to Turkey and Recep Tayyip Erdogan’s government is the first to begin peace talks with the PKK. Iraqi Kurdistan’s economy is doing well and political autonomy has strengthened in the past few years. Meanwhile, there’s been some easing of restrictions on the Kurdish language in Turkey. Even so, any attempt to mobilise Kurdish nationalists in Turkey’s south-east is often firmly repressed by state security forces and PKK leader Abdullah Ocalan remains in a Turkish prison. And Turkey actively blocked attempts by Turkish Kurds to bolster their Syrian compatriots who were fighting ISIL around Kobani. As a result, the cross-border response to ISIL is both a fight for survival against a new and bloody threat and a means to overcome long-standing injustices. Suruc, a town of Turkish Kurds, is an example of the changes under way in Kurdish society. In September, the town became flanked by refugee camps that housed many of the 200,000 people who fled Kobani and the surrounding areas and came across the border into Turkey. This has drawn Kurds from around Turkey and as far away as Iran to volunteer in Suruc’s poorly equipped camps. Meanwhile, hospitals run by the Kurdish municipality covertly treat YPG fighters who would be arrested if they went to Turkish government hospitals. The refugee camps and Suruc town are united in a general sense of political admiration for Mr Ocalan and his left wing, secular, nationalist movement. Mr Ocalan has shaped the Kurdish struggle for decades, from the founding of the PKK- inspired Kurdish Iranian guerrilla group, PJAK, to the creation of autonomous Kurdish cantons in Syria in 2014. Last year, when he declared from his prison cell that the Kurdish struggle should be directed at creating a federation of locally driven democratic and autonomous communities, it was a shift away from the aspirations to statehood. But this seems to have been about realist concerns – how best to tell the West and Turkey that a resolution with Ankara was possible without creating a separate state? It also addressed a key problem for the Kurds – how to assert sovereignty across so many borders. Even so, in Suruc, Mr Ocalan is seen as a symbol of sacrifice and commitment to the cause of the Kurdish peoples. Inside the thin plastic refugee tents, he is revered for leading a struggle to put Kurds on the map or at least to get them to the point where they can live freely and speak their own language. The advance of ISIL and the Kurdish resistance campaign to the extremist group is redrawing the borders of Syria and Iraq. While ISIL has accelerated the sectarian splintering in both countries, the Kurds have more territory in their control than at any time in recent history. The political shift away from statehood has made the Kurds’ goals of greater autonomy and self-determination in Kurdish areas more possible. Amid the carnage, Kurdish national aspirations are strengthening. Jesse Rosenfeld is a Canadian journalist based in Turkey. He has lived in the Middle East since 2007 On Twitter: @jrosyfield
  17. OMG!!! This woman is so long winded -- it just amazes me how she can go on & on -- I hope she is wrong about it maybe being another month !!!! UU1012 – “Re-positioning Iraq for Wealth” by Mnt Goat Hi Everyone, Today’s news letter is a long one. Sorry but there is so much confusion now and people are anxious and wondering where is the RV. So I have to take some time now to explain to you what is going on. I hope everyone also read my last news letter dated 01/28 and 01/30 since this is a continuation of this ongoing saga and this news letter will then make more sense to you. Today’s News Today is Monday Feb 2nd and still no RV. Very, very interesting articles coming out of Iraq now in the aftermath of last week’s historical passing of the 2015 Budget Law. One article in particular I thought I would share with you and should be explained in detail since it is telling so much on when they intend to open and spend parts of their budget. We all should know by now that when they do begin to spend the 2015 budget they will need to fund it somehow. They will have to have an international currency to meet their international obligations. There is no way around it. Perceptions/Speculation If they open this budget and do not have the funding to meet it (liquidity) they will be insolvent. This will not go over too well with the international community since there are international obligations within the budget they needed to fulfill. They will lose credibility. In the face of what they are confronting with the money needed to fight ISIS and all the bad publicity about the corruption of Maliki, (the 800+ billion of missing funds) and how they are trying to create a safe haven for investors and tourists to come into Iraq, I sincerely do not believe they will want to be looked at as an insolvent country. I do not believe this will happen. In fact in my mind I fully believe this funding must come very soon. I believe they have already provided for some of these funds, as I described in my last couple news letters. I will not explain this again and I rely on you to go read them. We see yet more articles too on this topic coming out such as the needed international tie-in for the Mastercard. Did you read this one? I sensed a frustration in that one. There is also the ATM machines where they can not use the 3 zero notes. These machines have been purchased as a great cost to modernize Iraq years ago however they can only be used when the lower denominations are issued (such as when the purchasing power of their currency increases significantly). Kuwait too has decided to postpone future war reparation payments as they make backdoor deals to get this owed money on other terms. Can they ratify the budget and then just sit on it? Yes they certainly can do this. They have done this with countless other laws already. This has been a huge problem all along for anyone trying to figure out this process. It is the not as straight forward as we would like it to be. But remember also we are not in the Maliki administration anymore. Things are now different and moving along. There is a whole “package” of laws they are sitting on. They are all related and interconnected with the implementation of the budget law and so we can expect them all to be released about the same timeframe. Something for all of us to watch for in the Iraqi news. Could it be other laws still need a fine-tuning? Does placing the budget in the Gazette (their law library) automatically cause it to be implemented? Technically the answer to this question is – YES. This is how it is supposed to work. However they have already taken many laws in the past and posted them in the Gazette only to implement them months later. So there is no guarantee they will not now do this with the 2015 budget law if they get stalled in implementing the revaluing process of their currency. I am not saying they are going to do this but I am saying it is a possibility. If we do not see some re-pricing of the dinar very soon – like this week sometime we know the CBI is having issues with establishing the value they need for the currency and they will not revalue until the economy of Iraq is re-positioned to do so. I explain all this in much more detail under the topic of “future value of the IQD” section of this news letter. What explain what I mean by “re-positioned” or “re-positioning”. But first let’s look at the current news about the 2015 budget saga because this event is driven by the target timeline (or deadline) of this re-positioning to be completed as you will see. Current News Article It was announced by the parliamentary Finance Committee member Ola Nashi that the 2015 budget was sent to the presidency on Sunday for ratification as required. The president of Iraq now has 30 days to approve the bill or voice his objections to parliament. Nashi also added in a statement to the press that the process of sending the law to the presidency and ratified take one month only. So he confirmed the process for us. Nashi also commented that it would be announced in the Official Gazette and rendering it to online sites for the citizens to view. Now here is the interesting part of her news blast. She also explained that money to allocated to the ministries of justice, agriculture, trade, and for Intelligence and National Security will begin as of the first of the next month of March. The allocations for the Ministry of Education will begin starting from September of this year. What does this mean to us. This tells us where they are in the process of finalizing the budget. Technically president Masoum could take till the end of February to ratify it and they could be in a holding pattern for any re-pricing of their currency until this timeframe. Nashi does say in fact that the allocations for certain ministries would not begin until March. This tells that even if Masoum does speedily ratify the budget they are not in a position to open it and begin spending it for these ministries until this time. I believe she is making this news conference to satisfy the citizens and to let them know when the funding is to be applied. sort of settling the crowds since they have been promised these reforms for so long. But what about all the other ministries like the interior ministry? There are huge sums allocated for items related to this ministry. Here we see is where all the reconstruction projects are and the money for the National Guard efforts. We know these security forces have been without pay now for over a month. They are now threatening to walk off the job if not paid. Can they wait until March? Nashi is not saying they would since she does not talk about when the allocations for this ministry would be spent. $$$ Future Value of the IQD $$$ This is one of the most misunderstood issues in these dinar intel forums. I see how these so called dinar “gurus” have messed with your minds and totally confused many on this topic. Many of these gurus have no business preaching news about this currency revaluation since they really know very little. So let me explain and clarify this topic for you. I hope this will help you. However it is a long read and my explanation takes time to understand but it is well worth the long read. So please settle back and relax. Get a cup of coffee and your reading glasses. Maybe even print it out and take it to the toilet with you….lol….. Remember the CBI can not just arbitrarily just say their currency is worth a new value. THEY MUST CREATE THE VALUE FIRST ! So what does it mean to CREATE VALUE to a currency? For the sake of argument let’s say Iraq did arbitrarily come out with a $3.58 rate. Can they sustain this rate long term? Many of you are now saying – Of course they can! Do you say this just because you heard about all the oil reserves they have? Really? Think not! Let me explain. You probably answered this question only from what these “gurus” have been telling you and not from the facts of where the re-pricing process currently is. Re-pricing process? Yes - there is a plan and this is why everyone keeps saying there is so much for the CBI to do to set up for the revaluation. However it is really not so much the CBI as it is the GOI doing all the ground work. We see this everyday with the new laws and the unification process. This is all related the positioning of Iraq for a new phase in its history. Abadi and his team along with the parliament and the workforce here. The CBI is just the brains of this re-positioning effort. So how to find the value of this $3.58 rate I would first ask this question - What did they “peg” it to? There must be a standard currency used to gauge the new value. The US dollar index is the most widely used and it is widely used in pricing for trade between nations. You see this international trade is very important. They will need to peg it to something since any rate is arbitrary until substantiated. Trade revenue is what brings in wealth from other nations. The game is simple- you (meaning other international countries) have wealth and we (Iraq) would like to have it. If we are successful in our trade policies we can provide goods and services to you and you provide us with a stream of revenue. If Iraq manages these new revenues appropriately (prevent corruption) they can become a very wealthy nation. Contrary to many who believe that Iraq is already wealthy let me say this. Wealth is real money in the bank or a legally substantiated potential for wealth. Iraq will not be “wealthy” until they can figure out how to milk their trading partners and do it so their trade balance is normalized with higher net revenues (cost of net exports exceeds cost of net imports). I am no economist but this was all clearly explained to me as to how the CBI plans to create value to their new currency. This value must be realized prior to any revaluation. So listen carefully to these next paragraphs as to how they intend to do this. All these laws you have been reading about are not for nothing. They all move this country in a direction towards increased “future” wealth. It is more than just reinstating the IQD such as what they did in Kuwait and I think this is leading many to confusion. The effort in Iraq is monumental in what they are doing in comparison. We should all be glad too since Iraq will then be able to sustain long term growth. I can’t wait for the huge spike in value too once the investors home in. Personally I am taking 10% of my IQD and putting it aside to exchange later on this spike in value. I am going to be patient and wait. This is my plan not any advisement. Back to the news….lol… Next I would look as a host of variables that substantiate the increased value, i.e. how much oil, gold and other minerals. There have been many articles in this area so we know they have the wealth in the ground as with their great oil reserves. But also I would look at the exports. What exports does Iraq currently have? Yes oil is an export but it does no good if kept in the ground. It is not an export if in the ground. Wealth is measured at realized revenue stream or a legalized potential for wealth. This is in part what brings up the value of your currency. So oil reserves discovered in the ground is great but alone is not true wealth. Having a legalized plan (pumping so many barrels per year to market) is a projected export. But still how do you guarantee this extraction and the bringing of it to market s you can include this value into your currency valuation equation? (especially when you know the tribes do not get along in Iraq. The Kurds own all the oil and the Sheites and Sunnis need it). They must establish legal pumping requirements to let investors know what they intend to take out of the ground on a scheduled basis. If this becomes law then they can substantiate this future wealth. Get how it works? Thus you can now see the need for the HCL law and why it was so important? Why they needed this law to establish any real future and present value from this oil commodity? We have read many articles from the WTO and the IMF too already stating that Iraq must diversify its exports such as in agriculture and other products for trade. What did they mean by this? Let me give you a few examples. We also know they have not one but two of the largest gold mines. What will they do with all this gold? They will make it into products of course such marketable items as necklaces, watchbands, rings, etc..and then export them or sell them to tourists. Gold is also used in electronics and many other industrial processes. Iraq also has the largest bauxite ore mine in the world. Did you know this? Do you know what bauxite is used for? It is to be exported as a raw mineral in the making of aircraft parts. It is used in the manufacturing of light weight, high strength aluminum skins and parts for aircraft. So these are just some of their higher end exports. But again how do they get the bauxite ore to the barges to ship as an export? Again this is where the funding of the 2015 budget comes into play. There is funding for infrastructure of roads and rail lines from the mines upto the ports for transportation. Are you now getting it? So if they can substantiate and show how they can bring this bauxite ore to market then it becomes a REAL part of the value equation (of any revaluation formula) and not just ore sitting in the ground. Many politicians are simple politicians and do not understand this. Dr, Shabibi knows it well and is coaching them well on this topic. But what about the potential for a booming tourism trade? Don’t under rate the revenues from tourism. They can be substantial. But they will need security and a safe place to have fun and see the sites of the cradle of civilization and museums. Thus the National Guard and other infrastructure funding is important such as the need for constant electricity, hospitals, good airports, transportation, shopping malls, hotels, roads, clean cities, etc,,. This is in the budget too. Thus this effort to decentralize has a duel purpose. Are you beginning now to see how it is all interconnected? The 2015 budget is to provide the funding for these efforts. You now see how it all pieces together nicely to begin to CREATE value to the Iraq dinar by legally obligating them to complete these projects by providing the funding. See how Iraq is positioning itself to provide for this REAL future value in their currency. See how they must implement some of these simple laws we overlook as trivial but are important to any RV. So to make a long story short we will never figure out just how they are re-pricing their currency and what formulas they are using since it is a kept secret. I can go on forever on this topic. So please put this to rest. Stop guessing on what rate will come out. Take your time instead to study more of how they could increase the value by what they are doing in all these projects they have slated. Study the new laws, the future infrastructure projects, exporting practices, tariffs and the timing to rolling them out. This is time better spent ! This will give you more of an indication of the RV timing than anything else. Please stop listening to these “guru” who are telling you everyday its going to RV just because their “contacts” tell them it will. They may be well intended but not factual. How many of you readers work in the insurance industry? Would you give away your underwriting secrets and actuarial formulas to competitors? Of course not. This is your bread and butter. If you were to know this information you could drastically alter and influence the marketable rates of your competitors. So it is the same with a countries currency rates. You could theoretically influence an entire economy of a country and cause currency manipulations if you knew these secrets. You could make billions in currency trading and you could create havoc. So my advice is just stop trying to figure out what the new rate of the dinar will be. It is way too complicated for us. We know the rate will be fair and that Dr Shabibi (now heading the CBI once again) wants it as high as needed to jump start their economy. But first there must be these re-valuing items like I mentioned about put into place so he can substantiate the value prior to rolling it out. He is relying on the GOI and parliament to do this for him. He is not in control of this area. He has had many meetings already with the GOI and head of parliament to establish is expectations in this area. So we must look at what we know to be facts. This is all we can go by. The only facts we have is what they tell us in the articles, the news media and any contacts we might have in Iraq feeding us day-to-day information. We can’t forget what was told to us in the past. We must remember and tie it in with what they now are doing. Everything has a purpose. Everything is for a reason. The CBI did say they would be pegging the new value to a “basket of currencies”. What is in this basket is not yet officially known. We wait for them to announce it to us. This will be a huge sign to us that we are yet even closer to the revaluation. I believe the Kuwait dinar and currencies of other neighboring countries will be included in this basket. This is my opinion. But remember this is only one or many factors used in the re-pricing. Other facts that we know is that the CBI has begun the project to delete the zeros YEARS AGO and is completed with the project in-country. Nearly 80% of all the 3 zero notes have been recycled back to the banks and turned back into the CBI already. In return the CBI gave them USD. This was in an article by the CBI not rumor but fact. So there are very little dinars left on the streets in Iraq. So where are they going to get this $119 trillion dinars from for the new budget funding? Did you wonder about this? So the mainstream currency being used in Iraq is once again the US dollar since they turned in 80% of the 3 zero notes in exchange for USD. Now that they dollarized once again it is time to de-dollarize to complete the conversion process for the next step. You can’t just give out FREE money. So the next step is to exchange the USD for the lower denom notes or coins ($1. $5, $10, $20, $50 bills). But here is the clincher. The CBI has told us in many articles that they are prohibiting the future use of the USD in international trade transactions and in-country commerce. So you now see why they did this. They have not yet enforced this law. Just another one of those laws ratified and in the Gazette but not yet fully implemented, as I mentioned. How can they do this until the lower denoms are fully distributed and the new currency value is announced. Do you see what I mean? There is so much interconnected in this revaluation process. It is truly almost all set up now. So there you have it. You now know why it may or may not take a bit more time to “position” the country to a revaluing situation. If Iraq can not truly substantiate the value they need they will continue this re-positioning effort until the CBI is satisfied of the value needed. It may take some more time or they be now be completed. Who truly knows- do you? So bottom line – If no REAL substantiated value for an increase in rate then no RV will happen. This process is spearheaded by the GOI with guidance from the CBI. The governor of the CBI knows this process well and is working closely with the GOI to complete this re-positioning process. It will be completed soon. It simply has to. Since no one really knows just how far reaching this effort goes (we don’t have a checklist) we can only suppose that the RV could happen any day now but from what the recent articles are telling me it might be later than sooner meaning maybe another month. Just my opinion from what I am now hearing and reading. Please don’t shoot the messenger ! I too find it hard to believe we must wait this long. So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done. Can Iraq be fully positioned in increased value in time to open and begin spending this budget to meet this RV timeline? Peace and Luv To Ya All, Mnt Goat
  18. Greetings All, At present we have 5,000,000,000 Dinars available for sale in 25Bills, the three horses, the most wanted! Interested parties email: Serious inquires only Regards C.Crossley
  19. US Propaganda Enters Into Insane, Irrational Overdrive In Attempt to "Sell" War In Syria Thanks to a dizzying barrage of lies, mainstream media fear-mongering and a couple of beheadings, the Obama Administration finally achieved its long sought after war in Syria. The tactic that proved most effective in mobilizing the American public back into a shivering, post-9/11 fetal position, was the same tactic used by elites in the UK to convince Scotland against voting for independence. That tactic, as I detailed in a recent post, is fear. However, fear in itself is not enough. It must be coupled with endless slogans and misdirection by the mainstream media and politicians. It must lead the public to subconsciously embrace a thought process that is completely irrational. Such tactics can be labeled propaganda, and it results in a public suddenly supporting a war it strongly opposed only a year ago. All it takes is a little repackaging. Propaganda allows those who profit from war to push the American public into a tizzy of trepidation based on a couple of beheadings from ISIS, while not batting an eye over the daily beheadings that were simultaneously occurring in Saudi Arabia. So the power structure and its impotent puppet, Barack Obama, intentionally pushed the American public into a frenzy of fear and finally got their little war. Nevertheless, serious people immediately began to call into question two very significant issues with respect to the aggression. First, it appeared clear to almost everyone without a biased penchant for overseas death and destruction, that the war is completely unconstitutional and illegal no matter how you slice it. As I highlighted in the post, Obama’s ISIS War is Not Only Illegal, it Makes George W. Bush Look Like a Constitutional Scholar: But the 2001 authorization for the use of military force does not apply here. That resolution — scaled back from what Mr. Bush initially wanted — extended only to nations and organizations that “planned, authorized, committed or aided” the 9/11 attacks. Not only was ISIS created long after 2001, but Al Qaeda publicly disavowed it earlier this year. It is Al Qaeda’s competitor, not its affiliate. Mr. Obama may rightly be frustrated by gridlock in Washington, but his assault on the rule of law is a devastating setback for our constitutional order. His refusal even to ask the Justice Department to provide a formal legal pretext for the war on ISIS is astonishing. Senators and representatives aren’t eager to step up to the plate in October when, however they decide, their votes will alienate some constituents in November’s midterm elections. They would prefer to let the president plunge ahead and blame him later if things go wrong. But this is precisely why the War Powers Resolution sets up its 60-day deadline: It rightly insists that unless Congress is willing to stand up and be counted, the war is not worth fighting in the name of the American people. So that’s glaring problem number one. The second problem, which I highlighted in the post, The American Public: A Tough Soldier or a Chicken Hawk Cowering in a Cubicle? Some Thoughts on ISIS Intervention, is that: Did you know that the US government’s counterterrorism chief Matthew Olson said last week that there’s no “there’s no credible information” that the Islamic State (Isis) is planning an attack on America and that there’s “no indication at this point of a cell of foreign fighters operating in the United States”? Or that, as the Associated Press reported, “The FBI and Homeland Security Department say there are no specific or credible terror threats to the US homeland from the Islamic State militant group”? So as quickly as it began, Obama’s little war had some serious PR issues. So what did the chicken-hawks do? They repackaged and resold the entire thing. Enter Khorosan. Yep, just as quickly as ISIS spontaneously generated like maggots on meat from the sands of Mesopotamia to open the door to another Middle East quagmire, another existential threat nobody had ever heard of suddenly emerged. Not only that, but this group supposedly posed an imminent threat to America. How incredibly convenient. Here’s ABC News compliantly pushing the latest propaganda to its lobotomized readership in the article, US Averts ‘Active Plotting Against Homeland’ By Hitting Al Qaeda Cell Khorasan in Syria: American airstrikes in Syria have taken out members of a shadowy al Qaeda unit known as the Khorasan Group who were planning “imminent” attacks against targets including the U.S., the Pentagon said today. Pentagon spokesperson Rear Admiral John Kirby declined to go into specifics, but told ABC News’ George Stephanopolous, “We had very good indications that this group, which is a very dangerous group, was plotting and planning imminent attacks against Western targets to include the U.S. homeland and it was on that basis that we struck targets, Khorasan targets inside Syria.” The Khorasan Group — consisting of about 50 or so hardened fighters of mixed past and current jihadi affiliations — has been holed up in Aleppo, Syria under the protection of al Qaeda’s official wing in the country, Jabhat al-Nusra, developing cutting edge weapons of terror with the help of al Qaeda’s Yemen affiliate to strike Western civilian aviation targets, according to a half-dozen officials with knowledge of the group who spoke to ABC News. So all of a sudden the Pentagon identifies and targets a group of 50 fighters in Syria, which happens to be conveniently tied to al-Qaeda (thus justifying strikes under the 2001 AUMF), planning an imminent attack on the “homeland.” There are two reasons I distrust this meme. First of all, the U.S. government employs an extremely bizarre definition when using the word imminent. As Trevor Timm noted earlier today in the Guardian: Take, for example, this definition from a Justice Department white paper, which was leaked last year, intended to justify the killing of Americans overseas: An “imminent” threat of violent attack against the United States does not require the United States to have clear evidence that a specific attack on U.S. persons will take place in the immediate future. To translate: “imminent” can mean a lot of things … including “not imminent”. Fascinating, and all this time I thought “imminent” meant “imminent.” Someone should let Merriam-Webster know they’ve got it all wrong. The employment of this new definition of imminent was further solidified in my mind after reading an article from the New York Times titled: In Airstrikes, U.S. Targets Militant Cell Said to Plot an Attack Against the West. In it, we learn that: American military and intelligence analysts were still studying damage reports from the initial air assault, but senior Obama administration officials expressed hope that they had killed Muhsin al-Fadhli, the leader of Khorasan and a onetime confidant of Osama bin Laden. The officials said they had been contemplating military action against Khorasan in recent months, but President Obama’s decision to hit the Islamic State’s forces inside Syria provided a chance to neutralize the other perceived threat. You’ve got to wonder what other unrelated opportunities the ISIS campaign might allow. But I digress. The air campaign against Khorasan and the Islamic State got underway even as Mr. Obama flew to New York to meet with world leaders gathering at the opening session of the United Nations General Assembly. Mr. Obama did not seek United Nations permission for the military campaign, but he presented the strikes as the collaboration of a multinational coalition that included five Arab nations: Saudi Arabia, Jordan, the United Arab Emirates, Qatar and Bahrain. Yeah, well he didn’t seek approval from Congress either. Now here’s the money shot. Most officials speaking publicly on Tuesday characterized the Khorasan threat as imminent. Lt. Gen. William C. Mayville Jr., who is in charge of operations for the Pentagon’s Joint Staff, said the terrorist group was nearing “the execution phase of an attack either in Europe or the homeland.” But one senior counterterrorism official, who insisted on anonymity to discuss intelligence matters, said the group might not have chosen the target, method or even the timing for a strike. An intelligence official said separately that the group was “reaching a stage where they might be able to do something.” Wait, come again? An attack is imminent, yet you don’t know which gigantic continent with hundreds of millions of inhabitants straddling opposing sides of the Atlantic ocean they were going to hit? Furthermore, they “might not have chosen the target, method or even the timing for a strike,” and they are “reaching a stage where they might be able to do something.” Sure sounds imminent to me. Don’t piss on my leg and tell me it’s raining. So with Americans back to shivering in corners filled with nightmares of Islamists under their beds, the military-industrial complex is set to do what it does best. Get paid. For some details on who will be raking in the big bucks, I turn to Tim Shorrock’s piece earlier today in Salon: A massive, $7.2 billion Army intelligence contract signed just 10 days ago underscores the central role to be played by the National Security Agency and its army of private contractors in the unfolding air war being carried out by the United States and its Gulf States allies against the Islamic State in Iraq and Syria. Under its terms, 21 companies, led by Booz Allen Hamilton, BAE Systems, Lockheed Martin and Northrop Grumman, will compete over the next five years to provide “fully integrated intelligence, security and information operations” in Afghanistan and “future contingency operations” around the world. INSCOM announced the global intelligence contract two days after President Obama, in a speech to the nation, essentially declared war on ISIS in Iraq and Syria and outlined a campaign of airstrikes and combat actions to “degrade and ultimately destroy” the terrorist group. The top contractors on the INSCOM contract are already involved in the war. Lockheed Martin, for example, makes the Hellfire missiles that are used extensively in U.S. drone strikes (in 2013, it also won a three-year contract to train INSCOM’S “Army intelligence soldiers” in “analytical and operational disciplines”). Northrop Grumman makes the Global Hawk surveillance drone, one of the most formidable weapons in the U.S. arsenal. Both companies have large intelligence units. The role of contractors at the command is spelled out by BAE Systems, which has its own INSCOM website. “We enhance the U.S. Army’s ability to detect, decide, and act on vital intelligence in real-time,” BAE says. “From Intelligence Analysis to Persistent Surveillance, BAE Systems is proud to provide essential and sustainable end-to-end solutions and support to the warfighter.” As I first reported in Salon in 2007 and later chronicled in my book “Spies for Hire,” 70 percent of the U.S. intelligence budget is spent on private contractors. Much of this spending – estimated at around $70 billion a year – winds up at the NSA, where SIGINT operations, particularly for collection and analysis, were heavily outsourced at the turn of the century. “Hayden started the privatization, but it was really Alexander who built it,” said Drake. Alexander’s ties with INSCOM are extensive. One of the winning bidders on the new INSCOM contract is Sotera Defense Solutions. Russell Richardson, its former CEO and a former INSCOM commander, is now one of Alexander’s partners at IronNet and, under Alexander’s command of INSCOM, was its “chief architect.” Before that, Richardson was a vice president of NSA contractor SAIC, where he ran INSCOM’s so-called Information Dominance Center. INSCOM’s ties with Booz Allen, the company that employed Edward Snowden at its top secret site in Hawaii, are equally close. Robert Noonan, who directs the company’s “military intelligence account,” served for 35 years in the military, including a stint as INSCOM’s commanding general and the US Army’s deputy chief of staff for intelligence. Roberto Andujar, the INSCOM contract leader at Invertix Corp., another contract winner, once served as the command’s chief information officer (CIO). The revolving door between INSCOM and its contractors bothers Shaffer. “It’s a cash-and-carry program,” he said. “You go in there and get the knowledge, then you carry it out and get cash.” The Pentagon press office referred all calls on the contract to INSCOM. The command did not comment by press time. Wake up America. You will continue to be raped, pillaged and economically strip-mined until you stand up for yourselves, but for now, it appears the fetal position suits you just fine.
  20. ISIS in Iraq stinks of CIA/NATO ‘dirty war’ op William Engdahl is an award-winning geopolitical analyst and strategic risk consultant whose internationally best-selling books have been translated into thirteen foreign languages. Get short URL Published time: June 24, 2014 10:22 Iraqi Kurdish forces take position near Taza Khormato as they fight jihadist militants from the Islamic State of Iraq and the Levant (ISIL) positioned five kilometers away in Bashir, 20 kms south of Kirkuk (AFP Photo / Karim Sahib) 9.7K83175 Tags Intelligence, Iraq, Syria, Terrorism, USA For days now, since their dramatic June 10 taking of Mosul, Western mainstream media have been filled with horror stories of the military conquests in Iraq of the Islamic State in Iraq and Syria, with the curious acronym ISIS. ISIS, as in the ancient Egyptian cult of the goddess of fertility and magic. The media picture being presented adds up less and less. Details leaking out suggest that ISIS and the major military ‘surge’ in Iraq - and less so in neighboring Syria - is being shaped and controlled out of Langley, Virginia, and other CIA and Pentagon outposts as the next stage in spreading chaos in the world’s second-largest oil state, Iraq, as well as weakening the recent Syrian stabilization efforts. Strange factsThe very details of the ISIS military success in the key Iraqi oil center, Mosul, are suspect. According to well-informed Iraqi journalists, ISIS overran the strategic Mosul region, site of some of the world’s most prolific oilfields, with barely a shot fired in resistance. According to one report, residents of Tikrit reported remarkable displays of “soldiers handing over their weapons and uniforms peacefully to militants who ordinarily would have been expected to kill government soldiers on the spot.” We are told that ISIS masked psychopaths captured “arms and ammunition from the fleeing security forces” - arms and ammunition supplied by the American government. The offensive coincides with a successful campaign by ISIS in eastern Syria. According to Iraqi journalists, Sunni tribal chiefs in the region had been convinced to side with ISIS against the Shiite Al-Maliki government in Baghdad. They were promised a better deal under ISIS Sunni Sharia than with Baghdad anti-Sunni rule. According to the New York Times, the mastermind behind the ISIS military success is former Baath Party head and Saddam Hussein successor, General Ibrahim al-Douri. Douri is reportedly the head of the Iraqi rebel group Army of the Men of the Naqshbandi Order as well as the Supreme Command for Jihad and Liberation based on his longstanding positions of leadership in the Naqshbandi sect in Iraq. In 2009, US ‘Iraqi surge’ General David Petraeus, at the time heading the US Central Command, claimed to reporters that Douri was in Syria. Iraqi parliamentarians claimed he was in Qatar. The curious fact is that despite being on the US most wanted list since 2003, Douri has miraculously managed to avoid capture and now to return with a vengeance to retake huge parts of Sunni Iraq. Luck or well-placed friends in Washington? The financial backing for ISIS jihadists reportedly also comes from three of the closest US allies in the Sunni world—Kuwait, Qatar and Saudi Arabia. US passports?Key members of ISIS it now emerges were trained by US CIA and Special Forces command at a secret camp in Jordan in 2012, according to informed Jordanian officials. The US, Turkish and Jordanian intelligence were running a training base for the Syrian rebels in the Jordanian town of Safawi in the country’s northern desert region, conveniently near the borders to both Syria and Iraq. Saudi Arabia and Qatar, the two Gulf monarchies most involved in funding the war against Syria’s Assad, financed the Jordan ISIS training. Advertised publicly as training of ‘non-extremist’ Muslim jihadists to wage war against the Syrian Bashar Assad regime, the secret US training camps in Jordan and elsewhere have trained perhaps several thousand Muslim fighters in techniques of irregular warfare, sabotage and general terror. The claims by Washington that they took special care not to train ‘Salafist’ or jihadist extremists, is a joke. How do you test if a recruit is not a jihadist? Is there a special jihad DNA that the CIA doctors have discovered? Militants from the Islamic State of Iraq and the Levant (ISIL) parading with an Iraqi army vehicle in the northern city of Baiji in the in Salaheddin province. (AFP Photo / HO / Youtube) Jordanian government officials are revealing the details, in fear that the same ISIS terrorists that today are slashing heads of ‘infidels’ alongside the roadways of Mosul by the dozens, or hundreds if we believe their own propaganda, might turn their swords towards Jordan’s King Abdullah soon, to extend their budding Caliphate empire. Former US State Department official Andrew Doran wrote in the conservative National Review magazine that some ISIS warriors also hold US passports. Now, of course that doesn’t demonstrate and support by the Obama Administration. Hmm... Iranian journalist Sabah Zanganeh notes, "ISIS did not have the power to occupy and conquer Mosul by itself. What has happened is the result of security-intelligence collaborations of some regional countries with some extremist groups inside the Iraqi government." Iraq’s Chechen commanderThe next bizarre part of the ISIS puzzle involves the Jihadist credited with being the ‘military mastermind’ of the recent ISIS victories, Tarkhan Batirashvili. If his name doesn’t sound very Arabic, it’s because it’s not. Tarkhan Batrashvili is a Russian - actually an ethnic Chechen from near the Chechen border to Georgia. But to give himself a more Arabic flair, he also goes by the name Emir (what else?) Umar al Shishani. The problem is he doesn’t look at all Arabic. No dark swarthy black beard: rather a long red beard, a kind of Chechen Barbarossa. According to a November, 2013 report in The Wall Street Journal, Emir Umar or Batrashvili as you prefer, has made the wars in Syria and Iraq “into a geopolitical struggle between the US and Russia.” That has been the objective of leading neo-conservatives in the CIA, Pentagon and State Department all along. The CIA transported hundreds of Mujahideen Saudis and other foreign veterans of the 1980s Afghan war against the Soviets in Afghanistan into Chechnya to disrupt the struggling Russia in the early 1990s, particularly to sabotage the Russian oil pipeline running directly from Baku on the Caspian Sea into Russia. James Baker III and his friends in Anglo-American Big Oil had other plans. It was called the BTC pipeline, owned by a BP-US oil consortium and running through Tbilisi into NATO-member Turkey, free of Russian territory. Batrashvili is not renowned for taking care. Last year he was forced to apologize when he ordered his men to behead a wounded ‘enemy’ soldier who turned out to be an allied rebel commander. More than 8,000 foreign Jihadist mercenaries are reportedly in ISIS including at least 1,000 Chechens as well as Jihadists Saudi, Kuwait, Egypt and reportedly Chinese Uyghur from Xinjiang Province. Jeffrey Silverman, Georgia Bureau Chief for the US-based Veterans Today (VT) website, told me that Batrashvili “is a product of a joint program of the US through a front NGO called Jvari, which was set up by US Intelligence and the Georgian National Security Council, dating back to the early days of the Pankisi Gorge.” Jvari is the name as well of a famous Georgian Orthodox monastery of the 6th century. According to Silverman, David J. Smith—head of something in Tbilisi called the Georgian Foundation for Strategic and International Studies, as well as the Potomac Institute in Washington where he is listed as Director of the Potomac Institute Cyber Centerr—played a role in setting up the Jvari NGO. Silverman maintains that Jvari in Rustavi, near the capital, Tbilisi, gathered together Afghan Mujahideen war veterans, Chechens, Georgians and sundry Arab Jihadists. They were sent to the infamous Pankisi Gorge region, a kind-of no-man’s lawless area, for later deployment, including Iraq and Syria. Batrashvili and other Georgian and Chechen Russian-speaking Jihadists, Silverman notes, are typically smuggled, with the assistance of Georgia’s Counterintelligence Department and the approval of the US embassy, across the Georgia border to Turkey at the Vale crossing point, near Georgia’s Akhaltsikhe and the Turkish village of Türkgözü on the Turkish side of the Georgian border. From there it’s very little problem getting them through Turkey to either Mosul in Iraq or northeast Syria. Silverman believes that events in Northern Iraq relate to “wanting to have a Kurdish Republic separate from the Central government and this is all part of the New Great Game. It will serve US interests in both Turkey and Iraq, not to mention Syria.” Very revealing is the fact that almost two weeks after the dramatic fall of Mosul and the ‘capture’ by ISIS forces of the huge weapons and military vehicle resources provided by the US to the Iraqi army. Washington has done virtually nothing but make a few silly speeches about their ‘concern’ and dispatch 275 US special forces to allegedly protect US personnel in Iraq. Whatever the final details that emerge, what is clear in the days since the fall of Mosul is that some of the world’s largest oilfields in Iraq are suddenly held by Jihadists and no longer by an Iraqi government determined to increase the oil export significantly. More on this aspect in an upcoming article. More links:
  21. BAGHDAD (AP) — The al-Qaida breakaway group that has seized much of northern Syria and huge tracks of neighboring Iraq formally declared the creation of an Islamic state on Sunday in the territory under its control. The spokesman for the Islamic State of Iraq and the Levant, Abu Mohammed al-Adnani, made the announcement in an audio statement posted online. Islamic extremists have long dreamed of recreating the Islamic state, or caliphate, that ruled over the Middle East for hundreds of years. Abu Mohammed al-Adnani said the group's chief, Abu Bakr al-Baghdadi, is the new leader, or caliph, of the Islamic state. He called on those living in the areas under the organization's control to swear allegiance to al-Baghdadi and support him. "The legality of all emirates, groups, states and organizations becomes null by the expansion of the caliph's authority and the arrival of its troops to their areas," al-Adnani said. He said that with the creation of the caliphate, the group was changing its name to just the Islamic State, dropping the mention of Iraq and the Levant. It was unclear what immediate practical impact the declaration would have on the ground in Syria and Iraq, or among the wider global jihadi community.
  22. Wednesday April 30, 2014 - 11:28 After receiving up to two billion dollars since the beginning of 2014 Kuwait: 6.879 billion dollars demanding compensation from Iraq The State of Kuwait in Geneva yesterday that the compensation remaining on Iraq up to 6.879 billion dollars after receiving 1.03 billion last January and 990 million in April this year. said the chairman of the Public Authority for Assessment of Compensation for the so-called loss of Iraqi aggression Khaled Ahmad Al-Mudhaf before session 77 of the Commission UN Compensation «that enhance further the Kuwait receipt of these payments depends on the continued flow of resources into the Compensation Fund in accordance with the decisions of the relevant Security Council» and stressed «the need to continue filing regular undertaking by Iraq in the Compensation Fund to 5% of the revenue derived from all sales Iraq's exports of oil and petroleum products, natural gas, according to the UN Security Council Resolution 1956 as well as a similar proportion of the value of any payments other than cash for oil and petroleum products and natural gas ». added Almudaf «Kuwait also stresses the importance of continuing to maintain a transparent mechanism to ensure the audit in the amounts transferred to the Compensation Fund as it will bring the continuation of the deposit of such amounts from the final completion of the task of the Board of Directors regarding the payment of full compensation to the State of Kuwait, which was approved by the Board that the right of the people of the State of Kuwait », explained« that since the beginning when it was agreed in 2008 to meet Iraq and Kuwait under the auspices of Committee for the United Nations Compensation to discuss the remaining funds and payable to Kuwait remained the Government of Kuwait is committed to the process ». also pointed to «the renewal of the State of Kuwait in different connections commitment and willingness to discuss this issue under the umbrella of the United Nations Commission on Compensation», and added, «We would like to recall that ensure payment of the amounts The remaining owed ​​to Kuwait is the responsibility of the Board of Directors, according to its primary functions and this should not be on the United Nations Commission on Compensation shrinking of its efforts until the payment of the full amount, especially since the committee and always stood ready to provide experts and provide technical assistance in order to help to make real progress in this regard ». He said «that the Kuwaiti government has made ​​a political guarantees to the Board of Directors was the release of the amounts withheld under the scheduled 258, Kuwait going since the received program successfully provided and will provide the State of Kuwait in the month of May 2014 report on the basis of the agreement between the point of the link Kuwait National Board of Directors». The transfer Almudaf welcome the Government of the State of Kuwait, new members of the Board of Directors, which now houses the Jordanian ambassador to the United Nations here Recep SUKAYRI counterparts and Chad's ambassador to blame Bamnga Abbas and Ambassador of Chile Josaa Luis Balmaceda and the Ambassador of Lithuania Rytis Paulausks and Ambassador of Nigeria Omona Humphrey Orjiako.
  23. Secrets revealed for the first time: the ladder Maliki as prime minister is on Iraq to 'Iranian colony'? 25-04-2014 12:04 PM Radio Sawa / 04.24.2014 report prepared by the U.S. magazine The New Yorker highlights the secrets and mysteries of politics in Iraq
  24. More will start to come out with the ESX, just wanted the forum to be ahead of the curve. There is an isx section. Could the name of that either be changed to isx/ESX or a seperate ESX section added? I have attached the above article to start things off Thanks!
  25. Greetings, The Price of Oil and Gasto head downward by 2020? Iraq, Iran Plot Oil Revolution, Challenge Saudi Posted on 29 January 2014 Iraq and Iran, which together hold more oil reserves than Saudi Arabia, are planning to challenge Saudi Arabia's grip on OPEC and its status as the "swing producer" in the cartel, according to a report from The Telegraph. With Iraq poised to triple its capacity to 9 million bpd by 2020, the result could be a dramatic fall in oil prices. Hussain al-Shahristani, Deputy Prime Minister for Energy, said: "We feel the world needs to be assured of fuel for economic growth ... It's very difficult to predict actual world (oil) demand by 2020 because the world economy is unpredictable ... Iran has been in touch with us; they want to share our contracts model and experience."
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