More News, Rumors and Opinions Sunday PM 12-15-2024

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Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit

12/15/2024  Baghdad /

The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.

A statement by the Directorate stated, “The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad.”

The statement added, “Tomorrow, corresponding to 12/16/2024, is the date for the opening of the electronic passport systems in the cities of Los Angeles and Detroit in the United States of America, in coordination with the Ministry of Foreign Affairs.”   LINK

Clare:  Minister of Electricity sponsors signing of contract to build 3 transformer stations in southern Iraq with international funding

12/15/2024

In Sunday, the Minister of Electricity, Ziyad Ali Fadhil, sponsored the signing ceremony of a contract to establish three secondary electricity conversion stations in Basra Governorate, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.

According to a statement issued by the ministry, and received by Shafaq News Agency, the project will be implemented by a coalition of the Turkish companies (BEST and BETAS), while the German company Antik Cuba will supervise the consultancy of the project, which is scheduled to be completed within 18 months.

The three stations are distributed over vital areas in Basra. Al-Qibla station will be established in the governorate center to serve areas with high population density, Al-Ghadeer station in Al-Ghadeer neighborhood to meet the needs of residents and service projects, while Al-Faiha station in Shatt Al-Arab district will serve residential areas and service projects.

During the signing ceremony, the Minister stressed the importance of this strategic project, noting that the new stations will contribute to increasing the hours of electricity supply, resolving bottlenecks in the electricity grid, in addition to providing reliable power sources and achieving stability in the electricity system in the governorate.

It is noteworthy that this project comes within the Ministry of Electricity’s plans to develop the infrastructure of the electricity grid and improve the electricity service for citizens throughout Iraq. LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: TV talks about 140 ambassadors from around the world and the IMF and the World Bank are arriving is Basra.  They’re saying for a historic event.  That’s where the ports are with the development project.  They’re saying to us this will link Iraq with international world…All these people are coming for a three day event…

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani gave a big speech and he talked about how very very serious his government is about increasing the citizens’ purchasing  power.  He said Iraq has reached a historical time for financial increase.  He talked about how stable we are.  FRANK:  Now that he has told you again for the 9th time, allow me to say this to you…Start your countdown!

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MARKETS A LOOK AHEAD: “Nothing Unusual Is Happening.” IMPORTANT UPDATES!

Greg Mannarino:  12-15-2024

https://www.youtube-nocookie.com/embed/RiEoTGV5xCo?feature=oembed&enablejsapi=1

MASSIVE BANKING CRISIS: $1.5 TRILLION Commercial Real Estate Debt DUE 2025

Taylor Kenny:  12-15-2024

The rise in vacant office buildings is more than just an eyesore—it’s a ticking time bomb threatening the U.S. economy. With commercial real estate delinquencies at record highs and over $1 trillion in loans coming due by 2025, small and regional banks are dangerously exposed.

 In this video, we uncover how this crisis mirrors 2008, how it could lead to widespread bank failures, and what you can do to protect yourself.

CHAPTERS:

00:00 Introduction: Empty Office Buildings—A Hidden Crisis

00:25 Commercial Real Estate Delinquencies Surge

00:55 Breaking Down the Ripple Effects

01:10 How Big Banks Created the Problem

02:12 Historic Vacancy Levels: Landlords Defaulting

 02:47 The Banks Holding the Risk

03:33 Why This Crisis Mirrors 2008

 04:10 The Domino Effect: 4 Key Risks to Watch

06:05 “Survive Until 2025”: A Doomed Strategy

 06:43 Escalating Delinquencies: The Fastest Spike in History

 07:26 How Bank Failures Could Ripple Through the Economy

 08:00 Why You Can’t Count on the Fed to Save You

https://www.youtube-nocookie.com/embed/TrvcZRitVs4?feature=oembed&enablejsapi=1