Evening News with MarkZ. Dr. Scott Young, and Dr. Jay Caprietta.

MarkZ Disclaimer: Please consider everything on this call as my opinionBe sure to consult a professional for any financial decisions

Please listen to the replay for all the details and entire stream….

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

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

Evening News with MarkZ. Dr. Scott Young, and Dr. Jay Caprietta.

MarkZ Disclaimer: Please consider everything on this call as my opinionBe sure to consult a professional for any financial decisions

Please listen to the replay for all the details and entire stream….

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

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

https://www.youtube.com/watch?v=Jaf9LQ-GqWg

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24

Good Evening Dinar Recaps,

Currently, we are witnessing several legislative bills moving through Congress today. And, we are witnessing regulations this month formulate new guidelines for this new digital economy.

Earlier this year, we witnessed Protocol 20 begin the process of expansion of networks connecting to each other inside Quantum Technological Protocols.

Payment systems will begin emerging onto the scene as each of these new tokenized assets is currently in the regulation process along with discussions in Congress to push them forward.

At this point, credit valuation adjustments will begin to occur inside the new digital asset-based trading system. The time for price discovery through the movement of supply and demand is about to make itself known.

~~~~~~~~~

Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24

Good Evening Dinar Recaps,

For the last three and a half years, we have been talking about the new digital economy. We have talked about legislative bills and infrastructure Networks being built to support the new digital banking system.

Currently, we are witnessing several legislative bills moving through Congress today. And, we are witnessing regulations this month formulate new guidelines for this new digital economy.

Earlier this year, we witnessed Protocol 20 begin the process of expansion of networks connecting to each other inside Quantum Technological Protocols.

Payment systems will begin emerging onto the scene as each of these new tokenized assets is currently in the regulation process along with discussions in Congress to push them forward.

At this point, credit valuation adjustments will begin to occur inside the new digital asset-based trading system. The time for price discovery through the movement of supply and demand is about to make itself known.

© Goldilocks

~~~~~~~~~

HEARING

Hearing Entitled: SEC Enforcement: Balancing Deterrence with Due Process | Youtube

Tuesday, May 7, 2024 10:00 AM in 2128 Rayburn House Office Building
Capital Markets Subcommittee

Click here to view the Committee Memorandum.

Click here to view the LIVESTREAM of this hearing.

Witnesses

Mr. Andrew Vollmer, Senior Affiliated Scholar at the Mercatus Center and former SEC Deputy General Counsel

Mr. Nick Morgan, President and Founder, Investor Choice Advocates Network

Professor Paul Eckert, Professor of the Practice of Law, College of William & Mary Law School

Mr. John Reed Stark, President, John Reed Stark Consulting Legislation

H.R. 6695, the "Due Process Restoration Act of 2023, to authorize private parties to compel the Securities and Exchange Commission to seek sanctions by filing civil actions, and for other purposes"

H.R. ____, to clarify what constitutes a violation of the federal securities laws for purposes of determining penalty amounts

H.R. ____, to clarify the Securities and Exchange Act of 1934 with respect to civil money penalties and the authority to seek disgorgement

H.R. ____, to repeal the policy of the Securities and Exchange Commission set forth in 17 C.F.R. § 202.5(e)

H.R. ____, to clarify that, like with actions brought under the Securities Exchange Act of 1934, certain actions filed under the Securities Act of 1933 are required to be heard in federal court

H.R. ____ to codify the process to obtain waivers from certain disqualifications under the federal securities laws

H.J.Res. ____ , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Reporting of Securities Loans”

H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Short Position and Short Activity Reporting by Institutional Investment Managers”

H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Further Definition of ‘As a Part of a Regular Business’ in the Definition of Dealer and Government Securities Dealer in Connection With Certain Liquidity Providers”

H J Res. ____ , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers”

--------------------

Take a look at this long list of legislative bills that are getting ready to be run through Congress today.

Each in some way deals with all the legislative bills we've been talking about on this channel regarding large hedge funds accounts, Exchange Act procedures, and more.

© Goldilocks

~~~~~~~~~

Central banks must revise business model, embrace CBDCs — ECB member | CoinTelegraph

~~~~~~~~~

RAISE-1 AI Robot Demos 49 Axes Humanoid Using This New Tech (“AGI-BOT” ANDROID, EL BRAIN) | Youtube

~~~~~~~~~

The following keeps you from having to open multiple accounts up to the $250,000 limit FDIC insures.
Here is a way to protect your accounts beyond the normal FDIC caps of coverage.

Look at the following site and see what you think…LINK

If you look at their “participating banks” list, all the major players are there - WF, BofA, Chase, etc...

You can break down a list of participating banks in your state.
Your bank may just already have this available to you, check your state and bank.

Again, you don't know what you don't know.
Building relationships is key when managing wealth.
Always be in learning mode to new opportunities when talking to those in this arena. IntraFi

*Hint - Listen, Check, Validate and Act.

~~~~~~~~~

{Economic: Al-Furat News} The Ministry of Commerce announced the holding of the meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break of more than nine years, headed by the Iraqi side, the economic agent Ghassan Farhan Hamid, and from the American side, the Office of Trade Representation.

The Economic Agent for Trade said in a statement to the Ministry that received a copy of it {Euphrat News} that “the meeting discussed many axes, the most important of which are the agricultural sector, standardization, qualitative control, financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector and government contracts.”

He pointed out “the confirmation during the meetings that the Iraqi government is open to all parties and that economic reform and diversifying the economy are among the priorities to be worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries.” Search4Dinar

WATCH THE WATER

~~~~~~~~~

Why Are Central Banks Buying So Much #Gold? | Youtube

~~~~~~~~~

Learn about the Federal Reserve Bank of New York's gold vault | NewYorkFed

~~~~~~~~~

Stellar Development Foundation Q1 2024 Report: Initiatives and Achievements Propel Growth | Crypto News

By Zoran Spirkovski

As 2024 unfolds, the Stellar Development Foundation (SDF) has released a comprehensive report detailing its accomplishments in the first quarter. The period was marked by significant milestones, including the launch of smart contracts on the network and a remarkable growth in asset value, reflecting Stellar’s increasing influence in the blockchain sector.

The year began with Stellar implementing smart contracts through its new platform, Soroban. This move is poised to revolutionize Stellar’s ecosystem by enhancing functionality and developer engagement. Moreover, the total value of real-world assets held on Stellar reached an impressive $533 million, underpinned by a substantial $1.6 billion in total payments volume processed this quarter. Stellar continues to offer extremely low transaction costs, averaging $0.000065, maintaining its position as a leader in cost efficiency.

Smart Contracts on Stellar: The Soroban Era
Soroban represents a significant leap forward for Stellar, providing a robust, Rust-based environment tailored for developing scalable and sensible smart contracts. This platform not only advances Stellar’s technological framework but also significantly expands its utility and appeal to developers.

The surge to $533 million in assets highlights Stellar’s growing role in financial services, especially through the tokenization of assets. This process enhances liquidity and market efficiency, presenting new opportunities for investment and asset management within the financial sector.

SDF’s efforts have been pivotal in enhancing financial inclusion, with a particular focus on facilitating access to financial services globally. The forthcoming Meridian 2024 conference, scheduled for October 15-17 in London, is set to celebrate these achievements and unveil future initiatives.

In its quest for global expansion and improved security, SDF has been actively engaging with the global community and strengthening its technological stack. A notable initiative is the Soroban Audit Bank (https://stellar.org/blog/developers/the-soroban-audit-bank-fostering-a-secure-smart-contract-ecosystem), which supports security audits for projects on Stellar, ensuring that Stellar remains a secure and reliable platform for all users.

Why It Matters: Stellar’s Strategic Vision
Stellar’s strategic initiatives are shaping a financial landscape that is more inclusive, efficient, and secure. The deployment of smart contracts and the expansion of asset tokenization are just examples of how Stellar is unlocking the potential of blockchain technology to foster a more connected and accessible financial world.

In conclusion, Stellar Development Foundation’s first quarter of 2024 has set a robust pace for the year. With smart contracts live and assets growing, Stellar is poised to further its mission of transforming the global financial landscape, making it more inclusive and efficient through blockchain technology.

~~~~~~~~~

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Thank you Dinar Recaps

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Iraq Economic News and Points to Ponder Tuesday Evening 5-7-24

Why Does Iraq Depend On Foreign Banks For Dollar Transfers?

Economy |Today, 18:12 |Baghdad today – Baghdad Today, Tuesday (May 7, 2024), expert in financial and economic affairs, Nabil Jabbar Al-Tamimi, revealed the reason for Iraq’s reliance on foreign banks for financial transfers, especially with regard to the dollar.

Al-Tamimi told “Baghdad Today” that “Iraq has more than (70) banks, approximately five of which are government and the remaining number are private banks,

but Iraq relies heavily on financial transfers, especially with regard to the dollar, to various foreign banks, due to the failure of... Iraqi private banks in arranging their legal and technical conditions regarding the issue of financial correspondence.

He stated, “After implementing the electronic platform, many banks stopped making remittances, as they did not want to comply, but foreign banks were not afraid of this matter because they had experience and all of their work was sound and in accordance with the required conditions, and that is why they became dependent on those banks, and this confirms the existence of a major defect.” In the work of Iraqi banks.

Iraq Economic News and Points to Ponder Tuesday Evening 5-7-24

Why Does Iraq Depend On Foreign Banks For Dollar Transfers?

Al-Tamimi told “Baghdad Today” that “Iraq has more than (70) banks, approximately five of which are government and the remaining number are private banks,

Earlier, a member of the Parliamentary Integrity Committee, Alia Nassif, revealed that the

Iraqi Jordanian National Bank obtained $3.6 billion from the currency auction during the first three months of the current year, which enabled it to obtain a profit of about 40 billion dinars.

https://baghdadtoday.news/248830-لماذا-يعتمد-العراق-على-المصارف-الاجنبية-بحوالات-الدولار؟.html

Using The National Currency In Commercial Transactions With Iran.. An Expert Comments On Iraq’s Losses

Economy | Baghdad today – Baghdad Today, Tuesday (May 7, 2024), expert in financial and economic affairs, Alaa Glob Al-Fahd, commented on the possibility of Iraq losing money through its use of the national currency in commercial transactions with Iran. Al-Fahd told Baghdad Al-Youm,

“The idea of commercial dealings being in the local currency between Iraq and Iran is not new today.

Rather, it is a decision by the Central Bank of Iraq as well as the Iraqi government to negotiate this issue with more than one country, not just Iran, including Iran.” The UAE". He explained that

“exchange is in the UAE dirham, with China in the yuan, with Iran in the toman, and even with Turkey there is negotiation that trade exchange be in the lira.”

He continued, "This matter creates confidence in the local currency, when it has value at the global level and this follows the strength of the Iraqi dinar, and this issue does not constitute any loss for Iraq and Iran."

He added, "This currency will be transformed into goods or exchanged and bartered, if there is a joint trade exchange between the two countries.

We believe that this issue has many more positives than negatives, and

this gives strength to the local currency and gives it confidence even at the level of the citizen and merchant as well as the foreign merchant and not Local only."

Yesterday, Monday, Iranian Vice President Mohammad Mokhber called on Iraq to use “national currencies” in trade and economic exchanges between the two countries.

The office of the Iranian Vice President said in a statement followed by "Baghdad Today",

"The necessity of expanding economic relations and improving the level of trade cooperation between the Islamic Republic of Iran and Iraq was emphasized." He added,

"The relations between Tehran and Baghdad are close, strong and sincere, and the union of the two countries is a source of loss and fear for enemies and a point of hope and prosperity.

They are two countries and their people will taste the sweet taste of this union in expanding economic relations between them."

https://baghdadtoday.news/248802-استخدام-العملة-الوطنية-بالتعاملات-التجارية-مع-إيران.-خبير-يعلق-على-خسائر-العراق.html

In The Document... The Central Bank Decides To Return The “Al-Mal” Bank To Work... In This Case

Monday 06, May 2024 14:08 | Economical Number of readings: 268

https://ninanews.com/Uploads/Images/2024/5/1124993-2b765dda-9687-4a11-a971-bf5e0005596a.jpg

Baghdad / NINA / The Central Bank of Iraq decided to return the Money Bank to work, while preventing it from dealing in the US dollar in any way. / https://ninanews.com/Website/News/Details?key=1124993

To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/

Provoking Thoughts and Points to Ponder on Wealth

It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God. - Matthew

I am rich beyond the dreams of avarice. - Edward Moore

All wealth is the product of labor - John Locke

Get place and wealth, if possible, with grace; If not, by any means get wealth and place. - Alexander Pope

Riches certainly make themselves wings. - Proverbs

He that maketh haste to be rich shall not be innocent. - Proverbs

He heapeth up riches, and knoweth not who shall gather them. - Bible

No good man ever became suddenly rich. - Syrus

http://famousquotesandauthors.com/topics/wealth_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Iraqi Dinar Video Update Tuesday Afternoon 5-7-24

Wells Fargo & JP Morgan Announced IQS RV – 3:27

Iraqi Dinar Massive Latest Update – 3:30

JP Morgan Big Statement About IQD RV – 3:10

WOW Congrats Finally Iraqi RV Approved – 3:57

Iraqi Dinar Video Update Tuesday Afternoon 5-7-24

Wells Fargo & JP Morgan Announced IQS RV – 3:27

Iraqi Dinar Massive Latest Update – 3:30

JP Morgan Big Statement About IQD RV – 3:10

WOW Congrats Finally Iraqi RV Approved – 3:57

Wells Fargo & JP Morgan Announced IQS RV – 3:27

https://www.youtube.com/watch?v=PA8fZjtKDYs

Iraqi Dinar Massive Latest Update – 3:30

https://www.youtube.com/watch?v=D4Ldf4W9R18

JP Morgan Big Statement About IQD RV – 3:10

https://www.youtube.com/watch?v=SexY8V_QOis

WOW Congrats Finally Iraqi RV Approved – 3:57

https://www.youtube.com/watch?v=vg3s5a7NoNM

Dinar Recaps 20 5/7/24 Dinar Recaps 20 5/7/24

More News, Rumors and Opinions Tuesday Night 5-7-2024

TNT:

Tishwash: Sudanese Advisor: Iraq is a strategic location in the region and the world

Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.

Al-Tarihi said in an interview with the Maalouma Agency, “Inciting sectarianism and racism does not serve the country,” pointing out that “these moves are part of the West’s attempts to target Iraqi society.”

He added, "Iraq is considered an important region and a strategic bridge connecting the world, so these attempts exist," noting that "the enemies' plans to sow despair among the Iraqi people have failed, and the credit for this goes to the ability and steadfastness of the Iraqis."

He continued, "The Iraqi people have proven to all countries of the world the extent of their ability not to be led by rumors and strife." link

TNT:

Tishwash: Sudanese Advisor: Iraq is a strategic location in the region and the world

Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.

Al-Tarihi said in an interview with the Maalouma Agency, “Inciting sectarianism and racism does not serve the country,” pointing out that “these moves are part of the West’s attempts to target Iraqi society.”

He added, "Iraq is considered an important region and a strategic bridge connecting the world, so these attempts exist," noting that "the enemies' plans to sow despair among the Iraqi people have failed, and the credit for this goes to the ability and steadfastness of the Iraqis."

He continued, "The Iraqi people have proven to all countries of the world the extent of their ability not to be led by rumors and strife." link

CandyKisses: Oil prices touch $84 in global markets

Economy News - Follow-up

Oil prices rose on Tuesday, after the Israeli occupation bombed the city of Rafah in Gaza, while negotiations on a ceasefire with Hamas continued without reaching an agreement.

Brent crude futures rose 23 cents, or 0.28%, to $83.56 a barrel, and U.S. West Texas Intermediate crude futures gained 24 cents, or 0.31%, to $78.72 a barrel

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

CandyKisses: Sudanese Advisor: The oil sector is witnessing a rapid renaissance

Economy News - Baghdad

The financial advisor to Prime Minister Mazhar Mohammed Saleh explained on Tuesday the positive effects resulting from the export launch of natural gas derivatives, while the oil sector is witnessing a rapid development renaissance.

Saleh said, in a statement followed by "Economy News" that "models of economic progress depend on export resources in order to advance the reality of development," noting that "work to diversify the economy is through the diversification of raw material products exported within high value-added chains that reflect positively on the current account of the balance of payments."

He added that "the export launch of a specific type of natural gas derivatives and the development in this direction has two important effects, including the optimal exploitation of some aspects of natural gas resources, which have been wasted by burning, especially the gas associated with oil production, as well as gradual mitigation and compensation for the cost of gas currently imported for specific purposes and used as fuel to operate electric power plants, which depend on natural gas derivatives itself."

He pointed out that "the oil sector today is witnessing an accelerated development renaissance, whether in diversifying products from crude oil or associated gas and natural gas, and generating high flexibility in the attribution of the country's financial resources, whether towards replacing imports of oil and gas products or promoting exports from them according to the calculations of balance between costs and benefits from import and export activities for various types of oil and gas derivatives," noting that it is "the optimal balance base that will be in the interest of the national economy, especially maximizing the country's financial revenues."

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

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

Walkingstick You cannot have any restriction on your currency if you belong to the SAP. You cannot be on a program rate. A program rate is a restricted currency is it not? Sure it is...This is a very advanced system...The SAP has the same qualifications as the WTO. In fact SAP is part of the WTO...The restriction on currencies that the WTO says you cannot have is the same restrictions that SAP says...They run the same program systems.

Note: SAP ( System Analysis Program Development.)s the market leader in enterprise application software, offering cloud, platform, and sustainability solutions for various industries and business needs.

yada ...this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves. And the non-revenue income that will decrease Iraq dependence on oil from 95% do about 55%. Just one rate adjustment will have this impact.

Excellent step commerce economy

Nader: 5-6-2024

https://www.youtube.com/watch?v=zFv6g5qzGO4

EXPECT IT! BOND YIELDS COULD DROP THROUGH THE FLOOR! What That Means For YOU...

Greg Mannarino: 5-7-2024

https://www.youtube.com/watch?v=wGVyU2oQWQo

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Iraq Economic News and Points to Ponder Tuesday Afternoon 5-7-24

The Dinar Is Breathing Through The Eye Of A Needle And The Dollar Is At 145,500

Economy | 05:40 - 05/07/2024 Mawazine News – Baghdad The exchange rates of the US dollar witnessed a decline this evening, Tuesday, in the capital, Baghdad, while it stabilized in Erbil, the capital of the Kurdistan Region, with the stock market closed.

Dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 145,450 dinars per 100 dollars, while prices had recorded this morning 145,550 dinars per 100 dollars.

Regarding the selling prices in the exchange shops in the local markets in Baghdad, they stabilized, as the selling price reached 146,500 dinars per 100 dollars, and the purchasing price reached 144,500 dinars.

Iraq Economic News and Points to Ponder Tuesday Afternoon 5-7-24

The Dinar Is Breathing Through The Eye Of A Needle And The Dollar Is At 145,500

Al-Rafidain Explains The Importance Of Adopting A Comprehensive Banking System

Economy News – Baghdad On Tuesday, Rafidain Bank explained the importance of adopting a comprehensive banking system, while stressing the work on adopting two advanced systems in the field of combating money laundering and terrorist financing.

The bank’s general manager, Ali Karim Hussein, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “since we took over the management of the bank, Rafidain Bank has begun activating the comprehensive banking system in its branches spread across government institutions and border crossings where the collection system is large.” ".

He explained, "The comprehensive banking system will simplify the procedures for opening accounts as well as transfer operations, so that the customer will be able to manage his account without accessing the bank."

He pointed out that "there are many reforms, including the adoption of the AML and GOAML systems, which are among the internationally required systems, specializing in the field of combating money laundering and terrorist financing, in addition to the adoption of electronic systems in which the human hand does not interfere, as they are the ones who prepare the lists and conduct the scanning process electronically and not Manually,

and as a result, it will guarantee the credibility of Rafidain Bank, as well as the banking sector in general, towards international institutions by adhering to the requirements and legislation for combating money laundering and terrorist financing.”

The Director General of Al-Rafidain Bank stated, “The bank’s previous work, due to the lack of an electronic network linking the bank’s branches, the customers were businessmen, merchants, and simple citizens, who could not carry out any banking operation within a short time, but at the present time the system has been transformed electronically,

so the customer can go For any of our branches spread across Baghdad and the governorates that has a comprehensive banking system, he enters his account, and all his data will be available with the employee, which will make it easier for the customer to conduct banking operations, whether by withdrawal or deposit.” 05/07/2024 - https://economy-news.net/content.php?id=43211

Sudanese Advisor: The Oil Sector Is Witnessing A Rapid Renaissance

Money and business Economy News – Baghdad Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the positive effects resulting from the export boom of natural gas derivatives, while indicating that the oil sector is witnessing an accelerated development renaissance.

Saleh said, in a statement followed by Al-Iqtisad News, that “models of economic progress depend on export resources in order to advance the reality of development,” indicating that “work to diversify the economy is through diversifying exported raw material products within high value-added chains that reflect positively on Current account of the balance of payments.

He added, "The export launch of a specific type of natural gas derivatives and the development in this direction have two important effects, including the optimal exploitation of some aspects of natural gas resources that have been wasted by burning, especially the gas associated with oil production, in addition to the gradual reduction and compensation for the costs of gas currently imported for specific purposes and used."

As a fuel for operating electrical power plants that rely on natural gas derivatives itself.”

He pointed out that "the oil sector today is witnessing a rapid developmental renaissance, whether in diversifying products from crude oil, associated gas or natural gas, and generating high flexibility in allocating the country's financial resources, whether towards replacing imports of oil and gas products or promoting exports of them according to calculations of the balance between costs and benefits."

From the import and export activities of various types of oil and gas derivatives,” noting that it is “the optimal balance rule that will be in the interest of the national economy, especially maximizing the country’s financial revenues.” 05/07/2024 https://economy-news.net/content.php?id=43203

Al-Sudani Receives A Delegation From The Union Of Arab Banks

Economy | 05/07/2024 Mawazine News – Baghdad Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani received a delegation from the Union of Arab Banks.

The Prime Minister’s Media Office said in a statement, “Today, Prime Minister Muhammad Shiaa Al-Sudani received a delegation from the Union of Arab Banks.” https://www.mawazin.net/Details.aspx?jimare=247473

Iraq And The United States Of America Hold Trade Meetings In Washington

Tuesday 07, May 2024 12:42 | Economical Number of readings: 329

Baghdad / NINA / The Ministry of Commerce announced, today, Tuesday, the holding of meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break that lasted more than nine years.

The ministry stated in a statement, "The meeting was chaired on the Iraqi side by the Economic Undersecretary of the Ministry and included the Director General of the Department of Foreign Economic Relations and the Commercial Attaché and representatives from the Ministries of Finance, Planning, Agriculture and Health, and on the American side the Commercial Representation Office."

The statement indicated, “The meeting discussed many topics, the most important of which are the agricultural sector, standardization and quality control, the financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector, and government contracts.”

He added, “It was confirmed during the meetings that the Iraqi government is open to All parties said that economic reform and diversification of the economy are considered among the priorities that are being worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries.

For its part, the American side expressed its great interest in the topics at hand and its appreciation for the reform measures undertaken by the Iraqi government. https://ninanews.com/Website/News/Details?key=1125155

To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/

Provoking Thoughts and Points to Ponder on Wealth

The ideal social state is not that in which each gets an equal amount of wealth, but in which each gets in proportion to his contribution to the general stock. - Henry George

I'll fares the land, to hastening ills a prey, Where wealth accumulates, and men decay; Princes and Lords may flourish, or may fade - A breath can make them, as a breath has made - But a bold peasantry, their country's pride, When once destroy'd can never be supplied. - Oliver Goldsmith

Riches either serve or govern the possessor. - Horace

The wealth of nations is men, not silk and cotton and gold. - Richard Hovey

Life is short. The sooner that a man begins to enjoy his wealth the better. - Samuel Johnson

Our Lord commonly giveth Riches to such gross asses, to whom he affordeth nothing else that is good.- Martin Luther

http://famousquotesandauthors.com/topics/wealth_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Iraqi Dinar Today Video Updates Tuesday Afternoon 5-7-24

WOW Finally Chase Bank Showing Up IQD New Exchange Rate – 3:48

Its Amazing Wells Fargo Showing Up IQD New Exchange Rate $4.25 – 4:51

Iraqi Dinar It had been Finally Announced – 2:53

1 Iraqi Dinar is Equals To 4 US Dollar Big Update – 4:04

Iraqi Dinar Today Video Updates Tuesday Afternoon 5-7-24

WOW Finally Chase Bank Showing Up IQD New Exchange Rate – 3:48

Its Amazing Wells Fargo Showing Up IQD New Exchange Rate $4.25 – 4:51

Iraqi Dinar It had been Finally Announced – 2:53

1 Iraqi Dinar is Equals To 4 US Dollar Big Update – 4:04

WOW Finally Chase Bank Showing Up IQD New Exchange Rate – 3:48

https://www.youtube.com/watch?v=p0HHtqRjOlo

Its Amazing Wells Fargo Showing Up IQD New Exchange Rate $4.25 – 4:51

https://www.youtube.com/watch?v=o7mrNKQkwew

Iraqi Dinar It had been Finally Announced – 2:53

https://www.youtube.com/watch?v=vec2GHfIKOA

1 Iraqi Dinar is Equals To 4 US Dollar Big Update – 4:04

https://www.youtube.com/watch?v=JdmatsuzYN4

DINARRECAPS8 5/7/24 DINARRECAPS8 5/7/24

Goldilocks' Comments and Global Economic News Tuesday AM 5-7-24

Good Morning Dinar Recaps,

FDIC TRUST RULE CHANGES: As of April 1st, 2024, the maximum amount of insurance coverage for a trust fund owner with five or more beneficiaries is $1,250,000 per owner.

This is for all trust accounts including "payable on death" and "in trust for" trust accounts. Revocable, and irrevocable trusts held at the same bank are also included.

Trust fund holders can name as many beneficiaries as desired, but the coverage limit will not exceed $1,250,000 as of April 1st, 2024.

This new coverage change applies to existing and new trust accounts. It includes all deposit products including CDs regardless of purchase or maturity date. FDIC © Goldilocks

👆 Goldilocks pointed to this article

~~~~~~~~~

Goldilocks' Comments and Global Economic News Tuesday AM 5-7-24

Good Morning Dinar Recaps,

FDIC TRUST RULE CHANGES: As of April 1st, 2024, the maximum amount of insurance coverage for a trust fund owner with five or more beneficiaries is $1,250,000 per owner.

This is for all trust accounts including "payable on death" and "in trust for" trust accounts. Revocable, and irrevocable trusts held at the same bank are also included.

Trust fund holders can name as many beneficiaries as desired, but the coverage limit will not exceed $1,250,000 as of April 1st, 2024.

This new coverage change applies to existing and new trust accounts. It includes all deposit products including CDs regardless of purchase or maturity date. FDIC

© Goldilocks

👆 Goldilocks pointed to this article

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Judge Torres' final ruling in Ripple Vs SEC could come this year, most probably in September. | CoinGape

Ripple and the SEC are most likely to appeal lost motions and rulings in the XRP lawsuit.

Settlement can come any time from now to appellate court filings.
XRP price could start rallying backed by bull market sentiment.

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Shafaq News/ Iran and Iraq are poised to sign 23 cooperation agreements on energy, transportation, trade, investments, and banking, the head of Iran's investment organization, Ali Fekri said on Sunday.

These agreements are expected to be finalized during the ongoing sixth meeting of the Iran-Iraq Joint Coordination Committee for Economic Cooperation in Tehran.

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IQD Updates & Journalism Crisis Turkey's President | Youtube

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You Won’t Believe What Nostradamus Predicted For 2024! | Youtube

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It is important to note that all of these changes happening in the banking system as it pertains to our foreign currency exchange.

For the last 20 years, many of these changes have not surfaced until now.

More changes are coming.

Stay awake.

© Goldilocks

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Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets | PYMNTS

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Ripple to Launch USD-Backed Stablecoin in June? CTO David Schwartz Hints | Crypto News

👆 Goldilocks pointed to this article

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To handle the challenges of an increasingly complex global landscape, affluent individuals and families are seeking more than just traditional investment advice from their wealth managers. What they truly want are trusted partners who can guide them through all aspects of their financial journey, encompassing their private wealth, business and everyday banking needs—both at home and abroad. | Forbes

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Dinar Recaps 20 5/7/24 Dinar Recaps 20 5/7/24

KTFA Members “News and Views” Tuesday 5-7-2024

KTFA:

Clare: The Specifications Department of the Central Organization for Standardization and Quality Control obtains a quality certificate in accordance with the international standard

5/7/2024

The Ministry of Planning announced today, Tuesday, that the Central Organization for Standardization and Quality Control has obtained a quality certificate in accordance with the International Organization for Standardization ISO 9001:2015 specification.

The Ministry stated in a statement: “The Specifications Department of the Standardization Department in the agency obtained this certificate, which is the first administrative formation in the Ministry to obtain a quality certificate from an entity that has been accredited by the Iraqi Accreditation Authority and the British Accreditation Authority (UKAS), which has received international recognition from the Forum.”

International Accreditation Agency (IAF), indicating that this certificate is internationally recognized and added: “The Standardization Department seeks to provide the best services to citizens by increasing the effectiveness and efficiency of its internal operations in issuing and approving Iraqi standard specifications and guidelines.

She pointed out: “Iraq has joined the World Trade Organization

KTFA:

Clare: The Specifications Department of the Central Organization for Standardization and Quality Control obtains a quality certificate in accordance with the international standard

5/7/2024

The Ministry of Planning announced today, Tuesday, that the Central Organization for Standardization and Quality Control has obtained a quality certificate in accordance with the International Organization for Standardization ISO 9001:2015 specification.

The Ministry stated in a statement: “The Specifications Department of the Standardization Department in the agency obtained this certificate, which is the first administrative formation in the Ministry to obtain a quality certificate from an entity that has been accredited by the Iraqi Accreditation Authority and the British Accreditation Authority (UKAS), which has received international recognition from the Forum.”

International Accreditation Agency (IAF), indicating that this certificate is internationally recognized and added: “The Standardization Department seeks to provide the best services to citizens by increasing the effectiveness and efficiency of its internal operations in issuing and approving Iraqi standard specifications and guidelines.

She pointed out: “Iraq has joined the World Trade Organization by reducing technical obstacles to trade, the most important of which is following scientific and international methods in preparing specifications for products involved in trade. LINK

DMcCall: In my opinion I fond an online official WTO calendar of events. And this is exactly what is in the box for May 9 2024

ASCENSION DAY
(WTO non-working day)

So at least in my opinion May 9, 2024 announcements will be made to welcome the new FULL members.

Clare: A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s session

Information / private..

On Tuesday, a member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, suggested that the Council of Ministers would approve the amendments to the 2024 budget schedules during its regular session today, indicating that if approved, they will be sent to Parliament tomorrow, Wednesday.

Al-Kadhimi told Al-Maalouma, “The Council of Ministers is supposed to approve the 2024 budget tables during its regular session,” suggesting that “the Council of Ministers will vote on the tables today, especially after the pressure put on the Council by Parliament, which considered delaying the approval unjustified.” .

He added, “If approved today, the schedules will be sent to the House of Representatives tomorrow, Wednesday, and therefore the Parliamentary Finance Committee will study the schedule and provide a briefing to Parliament for the purpose of approving it,” noting that “the House of Representatives will extend its legislative recess until the 2024 budget schedules are approved.”

almaalomah.me

DMcCall: In my opinion nothing will stop what has been announced! Iraq on May 9 ascends to FULL membership in the WTO which requires an international exchange rate! So can we stop talking about the budget? The budget WAITS FOR THE RATE!!!

CalandDLQ: If my memory serves me correctly, when the tripartite budget was approved they also voted and approved that the COM could amend the budget without needing parliament so IMO this is another example of smoke and mirrors. The articles over the last 24-36hr point to the reality of Sudani, Alak, Saleh and gov. are doing what they told us they were doing. These next 4-24hrs will be…well…popcorn anyone

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Clare: Plasschaert's duties in Iraq end

5/7/2024

The duties of the head of the United Nations mission in Iraq, Jeanine Plasschaert, in Iraq have ended.

A statement of the Supreme Judicial Council, a copy of which was received by {Al-Furat News}, said, "The President of the Supreme Judicial Council, Judge Faiq Zaidan, received today, Tuesday, the Representative of the Secretary-General and Head of the United Nations Mission in Iraq, Jeanine Plasschaert, on the occasion of the end of her work duties in Iraq."

Jeanine Antoinette Hennis-Plasschaert is a Dutch politician and diplomat, and was appointed Special Representative of the Secretary-General for the United Nations Assistance Mission for Iraq on December 17, 2018. LINK

Alicia2015: IMO- interesting timing, wonder if she stacked dinars.

Clare: After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and America

5/7/2024

The Ministry of Commerce announced the holding of meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break that lasted for more than nine years. It was chaired on the Iraqi side by Economic Agent Ghassan Farhan Hamid, and on the American side by the Representative Office. Commercial.

The Economic Undersecretary for Trade confirmed in a statement to the ministry, a copy of which was received by {Al-Furat News}, that “the meeting discussed many topics, the most important of which are the agricultural sector, standardization and quality control, the financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector, and government contracts.”

He pointed out, "It was emphasized during the meetings that the Iraqi government is open to all parties and that economic reform and diversification of the economy are considered among the priorities that are being worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries."

For its part, the American side expressed its great interest in the issues raised and its appreciation for the reform measures undertaken by the Iraqi government.

It is noteworthy that the meetings were also attended by the Iraqi side, Director General of the Department of Foreign Economic Relations, Riyad Fakher Al-Hashimi, the Commercial Attaché, and representatives from the Ministries of Finance, Planning, Agriculture and Health. LINK

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Clare: Al-Sudani: Iraqi banks are on the right track with financial transfers

5/7/2024

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, during his meeting with the delegation of the Union of Arab Banks, headed by the Secretary-General of the Union, Wissam Hassan Fattouh, that Iraqi banks are on the right path regarding financial transfers.

At the beginning of the meeting, according to a statement from his office received by Al-Furat News, Al-Sudani welcomed the holding of the Arab Banks Conference in Baghdad, expressing Iraq’s happiness in hosting the Arab conferences, which confirm Iraq’s return to taking its natural position in the region and the world.

The Prime Minister stressed that “the process of financial and economic reform, which was adopted by the government, cannot occur without a solid banking system that is in harmony with the world,” noting that the government has placed this matter within its work of development and reform since its first day, and that Iraqi banks are proceeding today on a The right path in its transactions regarding financial transfers, and that coordination of financial and monetary policy with the Central Bank continues, while preserving the independence of the bank.”

He pointed out that "the policy of clarity, which was adopted by the government, helped in identifying the deficiencies in the banking system and worked to fix them," noting that the Development Road Project is one of the aspects of economic integration in the region, as His Excellency welcomed the holding of a banking workshop to discuss the role of banks in the project and in establishing... Industrial cities on the path of the road.

For its part, the delegation of the Union of Banks praised the government’s measures to reform the banking sector. As they are clear measures aimed at strengthening and enhancing the work of this sector, the delegation also expressed its appreciation for the government’s steps in supporting the private sector and enhancing its role in sustainable development and international and regional partnerships. LINK

Dinar Recaps 20 5/7/24 Dinar Recaps 20 5/7/24

News, Rumors and Opinions Tuesday 5-7-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 7 May 2024

Compiled Tues. 7 May 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 6 May 2024 MarkZ: “I absolutely know this has started. I know people who now have dollars. According to my best contacts in the group, there was an interesting movement of money over the weekend. It’s clearly positioned to go, but I’m not sure we’ll see it today. Wolverine says 1,000% it will go today. We’ve seen a lot of money movement over the weekend so it could go today. I’m not quite certain, though there’s certainly a potential.”

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 7 May 2024

Compiled Tues. 7 May 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 6 May 2024 MarkZ: “I absolutely know this has started. I know people who now have dollars. According to my best contacts in the group, there was an interesting movement of money over the weekend. It’s clearly positioned to go, but I’m not sure we’ll see it today. Wolverine says 1,000% it will go today. We’ve seen a lot of money movement over the weekend so it could go today. I’m not quite certain, though there’s certainly a potential.”

Mon. 6 May 2024 Wolverine: “It has started. It has started. It has started. It has started. It has started. It has started. It has started. It has started. What I can tell you is that we are liquid. The money is actually available. It’s just a matter of time in order for the Green Light to be given. Exchanges have started. I’ve been told not to say anything more. I can’t give you a date. Remember, it’s a military operation, but we are defiantly close. Take care. Have a beautiful day. Wolverine.”

Mon. 6 May 2024 Wolverine: From a member “My $17,000 old student loan, which was actually a parent loan for my son was just paid in full. I hadn’t paid on it in years cause I knew it was illegal debt so I put it in forbearance. $17,000 was paid in full. Thank you, Nesara!”

Mon. 6 May 2024 Golden Telegraph on Twitter: “Zimbabwe will convert its annual budget to its gold-backed currency. Officially transitioning its currency from paper to gold. Let’s watch”: https://x.com/goldtelegraph_/status/1787550703399182459?s=46

Mon. 6 May 2024: BREAKING NEWS! QUANTUM FINANCIAL SYSTEM (QFS) GOLD-BACKED CERTIFICATES ARE HERE! (rumormillnews.com)

Mon. 6 May 2024 Banking Intel: Commercial Lenders (Relationship Managers) are currently receiving electronic messages to sign up for Foreign Currency Training. Commercial and Investment Banks are a fundamental part of the Foreign Exchange Market. Essentially, they are the ones that push trades through on behalf of their customers and high dollar clients. Commercial Lenders (Relationship Managers) are the go-between by which all participants must trade when it comes to Foreign Currency Exchanges. Since they are the principal sellers (Wealth Managers) within the Forex Market, they are the person who gives someone else authority to act on a client’s behalf.

Goldilocks https://www.streetdirectory.com/travel_guide/145431/banking/role_of_commercial_banks_in_trading_currencies.html#:~:text=Commercial%20and%20investment%20banks%20are,sellers%20within%20the%20Forex%20market. https://learn.org/articles

Central Banks are shutting down — bankrupted. Old financial systems bankrupted. Congress, White House, IRS, Federal Reserve is shut down. U.S. Corporation is bankrupted.

Gold-backed currency, digital assets, QFS, Nesara Gesara is growing! QFS Nesara Gesara is manifested.

Read full post here: https://dinarchronicles.com/2024/05/07/restored-republic-via-a-gcr-update-as-of-may-7-2024/

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

Frank26 I just don't see that it's going to be in a basket. I think it'll be a fixed rate...What would it be? Well they want 1 to 1. IMO maybe $1.50 to 1 or $1.30 to 1. That's a fixed rate. But that fixed rate is going to be put in the international markets - Forex. Because of supply and demand, using, buying and trading with it, the value internationally is going to go up...The CBI seeks what's called a REER, Real Effective Exchange Rate.

Walkingstick The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq.

China's Buying More Gold Than Expected | David Woo

Liberty and Finance: 5-6-2024

China has likely been buying more gold than the country admits. David Woo says China is concerned about the weaponization of the US dollar, and they are trying to hide their gold purchases.

This secrecy suggests that China has a lot more purchasing to do.

As geopolitical tensions escalate, oil prices are also likely to rise, and the US economy is likely to weaken.

INTERVIEW TIMELINE:

0:00 Intro

1:38 Chinese gold buying

8:00 Dollar hegemony

18:07 BRICS & gold

25:00 Oil prices

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