You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

Daniela Cambone:  12-9-2024

"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.

In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.

Brown also highlights the success of Javier Milei's reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: "What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again."

CHAPTERS:

00:00 Javier Milei's policy

4:32 Argentina economy

6:21 Government spending cuts

8:03 RFK Jr.'s health initiative

 9:07 Bitcoin

12:40 U.S. debt

 16:08 Gold

18:23 Money printing

21:02 Financial reset

23:23 Concluding words

https://www.youtube.com/watch?v=LPAHv4MLDVc

Seeds of Wisdom RV and Economic Updates Monday Afternoon 12-09-24

Good Afternoon Dinar Recaps,

IRAN MOVES TO REGULATE CRYPTO INSTEAD OF IMPOSING LIMITS: REPORT

Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.

The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.

According to a report from Iran’s state-run news agency Nour News, Hemmati said during a national event on Saturday that the government aims to eliminate the negative impacts of cryptocurrency on the economy, and leverage its positive effects. The minister added that digital money falls under the jurisdiction of the Iranian central bank.

Hemmati said he hopes to see cryptocurrencies used to boost youth employment in Iran, help counter U.S. sanctions and align the country’s activities with the global economy.

On the same day as Hemmati’s speech, the Central Bank of Iran published a new document that summarized its arrangement for upcoming policies on cryptocurrencies, Nour News reported. The upcoming policies aim to support crypto traders to comply with local tax and anti-money laundering laws, according to the report.

Iranian investors currently hold an estimated $30 billion to $50 billion worth of crypto assets, the report said, citing economist Mohammad Sadegh Alhosseini. This is roughly equivalent to a third of the entire gold market in the country, according to the expert.

The announcement from the Iranian government comes as U.S. President-elect Donald Trump builds anticipation for a positive regulatory environment for cryptocurrencies.

Since his reelection last month, Trump has appointed several pro-crypto candidates to spearhead various efforts during his upcoming term, recently naming long-time crypto supporter Paul Atkins to head the Securities and Exchange Commission.

@ Newshounds News™

Source:  The Block

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CZECH REPUBLIC IS NOW CRYPTO-FRIENDLY! HERE’S WHAT CHANGED

The Czech Republic has introduced new crypto-friendly laws, making it easier for crypto businesses to operate in the country.

These laws include easier access to bank accounts for crypto businesses and a three-year tax exemption on crypto investments.

These reforms aim to attract more crypto businesses to the Czech Republic and prevent them from moving to other countries.

The Czech Republic has made the news headlines with bold new crypto regulations aimed at transforming the sector. These changes address long-standing challenges for crypto businesses and could make the country a hotspot for digital asset innovation.

Crypto Firms Finally Get a Break

Crypto businesses in the Czech Republic have long struggled to open bank accounts due to skepticism from financial institutions. Banks, wary of crypto’s volatility, often denied these businesses basic banking services, making operations incredibly challenging.

That’s about to change. The new reforms will make it easier for crypto companies to access banking services, removing a major barrier to growth. This shift could pave the way for smoother operations and attract more businesses to the Czech market.

A Tax Break to Boost Investments

But wait, there’s more. A three-year tax exemption for crypto investments has also been introduced. This means that profits from crypto will be treated just like profits from stocks. So, crypto businesses can breathe a little easier, knowing they’re now on the same playing field as more traditional investments. It’s a big win, and it’s meant to make the Czech market way more attractive to investors—both local and international.

Why Act Now? The Clock’s Ticking

Deputy Speaker Jan Skopeček explained the need for swift action, emphasizing that the government had to act now to retain crypto businesses. Without these changes, many companies could relocate to countries with more favorable crypto laws, leading to economic losses.

The urgency also ties to the European Union’s upcoming Markets in Crypto Assets (MiCA) regulation. While MiCA aims to harmonize crypto rules across the EU, its rollout has caused uncertainty. Many companies are still awaiting approvals or navigating compliance challenges, and some have already left Europe or modified their operations to align with the evolving rules.

The Road Ahead Is Not Easy

These reforms show the Czech Republic’s determination to stay ahead in the digital revolution. By easing banking access and offering tax incentives, the country is positioning itself as a more attractive hub for crypto firms.

However, challenges remain.  While the reforms are promising, businesses may still encounter unexpected hurdles as the new policies are implemented. The coming months will reveal whether the Czech Republic can truly establish itself as a crypto-friendly destination.

@ Newshounds News™

Source:  Coinpedia

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FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW!  |  Youtube 

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

 ~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter 

Thank you Dinar Recaps

More News, Rumors and Opinions Monday Afternoon 12-9-2024

KTFA:

Clare:  Parliamentary Finance: Budget amendment includes only one paragraph related to the region's oil

12/9/2024  Information / Baghdad.. 

The Parliamentary Finance Committee confirmed, on Monday, that the amendment to the budget for next year 2025 will include one paragraph (12 Second C) related to the region’s oil.

Committee member MP Moeen Al-Kazemi said in a statement to Al-Maalouma Agency, “The amendment of the 2025 budget does not include paragraphs of the three-year budget law approved by the Council of Representatives, but rather included one paragraph, which is (12 Second C), which relates to the region's oil."

He added, "The proposed amendment was scheduled to be prepared for a second reading by the Finance Committee during yesterday's session, Sunday, but it was postponed due to the absence of the Minister of Finance and the Ministry's staff for the purpose of final formulation. " 

Prime Minister Mohammed Shia al-Sudani called on the House of Representatives to amend the federal general budget law in order to address the issue of oil marketing in the Kurdistan Region, pointing to the daily fine that Iraq bears as a result of not exporting oil in In accordance with the agreement signed with Turkey.  LINK

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Clare:  Head of Parliamentary Finance: We are keen to approve a realistic amendment to the budget that ends the oil dispute with the region

12/9/2024

The Parliamentary Finance Committee, headed by Representative Atwan Al Atwani, hosted the head of the Federal Financial Supervision Bureau, Mr. Ammar Subhi Khalaf, and the senior staff, to discuss the draft of the first amendment to the Federal General Budget Law.

Al-Atwani stressed, according to a statement by the Parliament’s media, a copy of which was received by {Euphrates News}, “the committee’s keenness to approve the amendment in a realistic and implementable manner, in a way that ends the existing dispute between the federal government and the regional government regarding the oil file.”

He also pointed out that the completion of the committee's work on this amendment is dependent on the presence of the Ministry of Finance to clarify the legal basis for disbursing financial dues to foreign oil companies operating in the region.

For his part, the Chairman of the Federal Financial Supervision Bureau reviewed the schedule of financial dues between the federal government and the region, stressing the documentation of these dues in the Bureau’s reports, with the addition of notes regarding the delivery of the region’s oil and non-oil revenues to the federal government.

The Chairman of the Financial Supervision Bureau stressed the need for the amendment to include clear mechanisms for liquidating financial advances before the end of the year to avoid their accumulation. He stressed that the agreement based on this amendment is good and implementable, with the need to address the observations referred to.

The senior staff of the Financial Supervision Bureau also provided a briefing on the progress of the procedures for localizing the salaries of the region’s employees, indicating that the localization rate exceeded 80% in the banks accredited by the Central Bank of Iraq, with the end of the year set as the final date for completing the biometric cards to ensure that the problem of duplicate salaries is addressed.  LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:TV talking about old and new currency, how they will coexist.  Mr Sammy said remember they want all done by the 10th.   FRANK:  I TOLD YOU SO!! lol...Sudani is in control of the new exchange rate.

Frank26    The monetary reform is an agreement.  It is comprised of many different parts.  The best part I can give you as an example would be article 140.  Article 140 is the agreement for the HCL to be given to the citizens through the budget...Nothing is stopping it...I know the HCL is agreed upon.  I know Article 140 has taken care of it...

Walkingstick  What we're seeing now is a very clear picture of the monetary reform and where it's at.  Its process may have been slow but it is successful...The evidence shows the citizens are not going to fail and they are very eager to do this monetary reform as Sudani and Alaq have explained it to them.  This year they were receiving the monetary reform education ...There is still more education that will be coming i.e. the pictures...the electronic boards...

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Mexico Sides With China Over $100.2 Billion Deals, Beijing Dumps More USD For Gold

Sean Foo:  12-9-2024

In a big update, Mexico is scrambling to reassure China to keep investing in Mexico. Despite Trump's tariff threats, the future of Mexico's economy will be powered by Chinese companies.

 Meanwhile, China has continued dumping their dollars to stack more physical gold.

Timestamps & Chapters:

0:00 Mexico Sides With China

2:58 Mexico Wants Chinese Money

6:13 BIG Trade Loophole

8:06 Gold Bull Run

8:59 China's Back Buying Gold

11:30 Economic War Big Winner

https://www.youtube.com/watch?v=_VocuqW86Gw

Are European Central Banks Secretly Moving Toward a Gold Standard?

Are European Central Banks Secretly Moving Toward a Gold Standard?

APMEX:  12-8-2024

Gold has been an integral part of Europe’s financial landscape for centuries, underpinning economies and serving as a symbol of wealth and stability. From the era of the gold standard to contemporary monetary policies, gold has consistently captured the interest of economists and investors alike.

Recently, a noteworthy trend has emerged, prompting renewed speculation about gold’s role in the region’s financial future: European central banks appear to be targeting gold reserves equal to 4% of their GDP. This article explores the implications of this shift, the motivations behind it, and its potential impact on investors and the global economy.

Historically, gold has been the bedrock of monetary systems, particularly during the gold standard era, where currencies were directly tied to gold reserves.

While the abandonment of the gold standard allowed for more flexible monetary policies, the importance of gold as a safe-haven asset has never diminished. In recent years, central banks, particularly in Europe, have begun to reconsider their gold holdings as part of their broader monetary strategy.

The focus on achieving gold reserves equivalent to 4% of GDP is not merely a coincidence; it is rooted in various geopolitical and economic factors. Some analysts speculate that European nations might be preparing for a strategic pivot back to a gold-backed currency.

This theory gained traction following statements from financial leaders, including Poland’s former Minister of Finance, who suggested that increasing gold reserves could bolster economic sovereignty amid an increasingly unpredictable global economy.

Countries like France, Italy, and the Netherlands have shown a marked increase in their gold reserves and have reportedly started to view gold as a strategic asset for future financial stability. The reasoning is clear: in a world fraught with economic volatility and inflationary pressures, gold offers a hedge against currency devaluation and inflation, acting as a safeguard for national wealth.

The recent spikes in inflation rates across Europe, exacerbated by supply chain disruptions and geopolitical tensions, have led many central banks to re-evaluate their asset allocations. In an environment where fiat currencies face the threat of devaluation, gold emerges as a reliable store of value. Unlike fiat currencies, which can be printed at will, gold’s limited supply makes it an attractive hedge against inflation.

The push to maintain gold reserves at around 4% of GDP could be seen as a proactive step to ensure that European economies remain resilient against potential economic shocks. By diversifying their reserves and increasing exposure to gold, central banks aim to foster greater financial security and stability.

The shift towards increasing gold reserves by European central banks signals a potential strategic pivot in financial policy—either as a preparation for a hypothetical return to a gold-backed currency or as a prudent hedge against inflation.

Whichever the case may be, this trend demands attention from both policymakers and investors. As Europe navigates an increasingly complex economic landscape, gold once again finds itself at the forefront of financial strategy, reminding us of its enduring legacy as a symbol of stability and security in an ever-changing world.

Investors would do well to watch these developments closely, as they could shape investment strategies and economic policies for years to come.

Watch the video below from APMEX for further insights and information.

https://youtu.be/Bs7AOSAAiyQ

Seeds of Wisdom RV and Economic Updates Monday Morning 12-09-24

Good Morning Dinar Recaps,

RIPPLE CEO ON 60 MINUTES: GARLINGHOUSE OPENS UP ON $150 MILLION SEC FIGHT, CRYPTO WAR AND MORE

Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).

Garlinghouse criticized the SEC’s approach, stating that it was a key reason why Ripple and two other companies formed the industry super PAC, FairShake, to fight back against what he described as a “war on crypto.” He suggested that FairShake might not have existed if the SEC had a different chairman than Gary Gensler.

When an SEC spokesperson said that the amount spent by the crypto industry on legal defense is minimal compared to the losses investors have faced due to frauds and market failures, Garlinghouse revealed Ripple’s financial contributions, revealing that the company has spent over $150 million fighting the SEC’s stance on XRP.

He said that Ripple argues XRP should not be treated like a stock and be subject to the same registration and disclosure requirements. Garlinghouse stressed that Ripple is not seeking to be deregulated but instead asking for clear regulations from Congress to address the unique nature of digital assets.

“I went to Harvard Business School. I think I’m reasonably intelligent about something like, “What is a security?” So never once had I considered the possibility– that, “Okay, maybe XRP’s a security. We haven’t been asking to be deregulated. We’ve been asking to be regulated. So we have been saying, “Hey, look, just give us clear rules of the road,” he said.

XRP Price Reacts:

XRP, Ripple’s cryptocurrency, is currently experiencing a surge, approaching the $2.60 mark. At the time of writing, it was trading at $2.55, a 4.5% increase. Investors are optimistic about the future of the crypto industry, especially under a potential Trump presidency, as Ripple’s blockchain-based payment system continues to gain attention.

Previously, XRP’s price saw a boost following speculation about a possible meeting between Garlinghouse and President-elect Trump, as well as news about SEC Chairman Gary Gensler’s resignation.

@ Newshounds News™

Source:  Coinpedia

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HONG KONG TO INTRODUCE STABLECOIN FRAMEWORK

Hong Kong is establishing a bill that outlines a detailed framework for stablecoin issuers and marketers.

Under the proposed framework, stablecoin issuers and marketers must secure licenses from the Hong Kong Monetary Authority (HKMA). 

The rule applies to all stablecoins, including those pegged to the Hong Kong dollar, while issuers are required to maintain reserve assets in local banks. Foreign custody might also be allowed by HKMA under specific conditions.

New compliance measures will be implemented, such as a minimum paid-up capital requirement of HK$25 million, as well as proof of robust financial health, sufficient liquidity, and risk management frameworks. Misrepresentation or false promotion of stablecoins is explicitly prohibited.

HKMA has also further expanded its authority to oversee, investigate, and enforce compliance.

The Stablecoins Bill will be introduced into the Legislative Council for a first reading on December 18.

“The legislative proposal is essential for Hong Kong in fulfilling our obligations as a member of the Financial Stability Board,” Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said in a statement.

“This risk-based proposal aims to promote a robust regulatory environment, which is in line with Hong Kong’s approach to virtual-asset development.”

Hong Kong's bill positions it as an early mover alongside the EU and Japan. In July, Circle, the issuer of the USD Coin (USDC) and Euro Coin (EURC) stablecoins became the first global stablecoin issuer to achieve compliance with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

In June, the Japanese parliament enacted a law recognizing stablecoins as a form of digital currency. According to the legislation, stablecoins must be tied to the yen and ensure holders can redeem each token at its full face value.

Hong Kong has made significant strides in an attempt to establish itself as a crypto-friendly regional hub. Just last month, Hong Kong proposed waiving crypto tax for wealthy individuals in an attempt to strengthen its position as a leading regional crypto hub.

In a 20-page proposal, the Hong Kong government said the tax exemption would apply to private equity funds, hedge funds, and the investment vehicles of wealthy individuals on cryptocurrency gains, private credit investments, and other asset classes.

@ Newshounds News™

Source:  BlockHead

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Mason afternoon chat  |  Youtube

Enlightenment/Spiritual growth ~ Mason explains how the government instilled racial divisions and how the UNIVERSE can bring different ethnic groups together to live in harmony.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Monday AM 12-9-2024

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 Mon. 9 Dec. 2024

Compiled Mon. 9 Dec. 2024 12:01 am EST by Judy Byington

EBS Alert
A Final Countdown Has Begun
Major Announcements Will Shake the Foundation of Everything You Know
Stay Calm, Stay Vigilant, Be Ready To Listen
Communication Blackouts As Truth is Revealed
Stock Up, Stay Safe, Trust The Plan
The Dawn Of Freedom Is Near

Get Ready For Ten Days of Communication Darkness
The Power to entire World will switch off briefly to install our Starlink Satellite Internet
Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

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Possible Timing:

Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments, though because of the below information, it was suspected to be around mid next week.

(Rumor): Sun. 8 Dec. 2024 Midnight to Wed. 18 Dec. 2024: Possible Ten Days of Darkness Global Communication Blackout, ending on Wed. 18 Dec. 2024. …G***o TV on Telegram Tues. 3 Dec. 2024

Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024

Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Mon. 30 Dec. 2024: Final stages of the transition to the new financial system completed. People will begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to prove the money they say they have is backed by gold in their vault. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024

Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024

Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide. This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024

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Global Currency Reset: (RUMORS)

Judy Note: WARNING Scammers are everywhere. It is my understanding that:

(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.

(2) Do not exchange your currency at a bank. They will not give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.

(3) The Zim can only be redeemed at a Redemption Center, not at a bank.

(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.

Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada started paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar being paid right now at $3.49 in-country.

Fri. 6 Dec. 2024: “It’s official folks! Iraq has passed their HCL Law.”: https://dinarevaluation.blogspot.com/2024/12/jon-dowling-its-offical-folks-iraq-has.html?spref=tw

Sat. 7 Dec. 2024: Rumor was that Vietnam had revalued their Dong in-country.

Sun. 8 Dec. 2024: Four day Victory Celebration begins in Iraq from Sun. 8 Dec. to Wed. 12th Dec. 2024. …Britt Vibes on Telegram posted by Wolverine

Sun. 8 Dec. 2024: Iraq’s Major Law Could Go Live Tonight #dinar #iraqidinar #centralbank #centralbanks” on YouTube https://youtube.com/shorts/vOYEau7FJc0?si=7Qen7N2iCrz41Aij

Read full post here:  https://dinarchronicles.com/2024/12/09/restored-republic-via-a-gcr-update-as-of-december-9-2024/ 

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

Mnt Goat  So, what is this dream of Al-Alaq? ...Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”.  This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.

Militia Man   Deadly "Dutch Disease".  It's when countries are reliant [solely] on natural resources.  When commodity prices drop, their budgets get affected.  It's very painful...It's bad because it devalues their currency because  they don't have...the ability to buy and pay for things and pay back debt.  But if you have...non-oil revenues...tourism...development road project...ports...taxes and tariffs [you can win]...They used Saudi Arabia as an example because...they were [successful] using non-oil revenue streams.  That's what Iraq is poised to do and it's an awesome thing to see...

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MARKETS A LOOK AHEAD: What Is About To Happen WILL SHOCK THE WORLD.

Greg Mannarino :  12-8-2024

https://www.youtube.com/watch?v=tU2nC1YeSfo

"The CRASH Will Be WORSE Than 2008" | George Gammon

LifeWorthLiving:  12-8-2024

George Gammon discusses the Federal Reserve's recent moves and the narrative they want us to believe. Are we heading for a hard landing, or can the Fed really control the economy?

George argues that despite the Fed's attempts to orchestrate a "soft landing," history shows that they often lag behind the curve.

https://www.youtube.com/watch?v=hZCDw7RKi6M

“Tidbits From TNT” Monday Morning 12-9-2024

TNT:

Tishwash:  Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list

The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.

According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq's gold holdings rose to 152.7 tons, up from 152.5 tons last month. 

These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.

The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."

The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.

The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world.  link

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Tishwash:  Parliamentary Finance: Amending the budget will end the dispute over the oil file

Finance Committee: Budget amendment will end dispute over oil file

The Parliamentary Finance Committee, headed by Representative Atwan Al Atwani, hosted the head of the Federal Financial Supervision Bureau, Mr. Ammar Subhi Khalaf, and the senior staff, to discuss the draft of the first amendment to the Federal General Budget Law.

Al-Atwani stressed, according to a statement by the Parliament’s media, a copy of which was received by {Euphrates News}, “the committee’s keenness to approve the amendment in a realistic and implementable manner, in a way that ends the existing dispute between the federal government and the regional government regarding the oil file.”

He also pointed out that the completion of the committee's work on this amendment is dependent on the presence of the Ministry of Finance to clarify the legal basis for disbursing financial dues to foreign oil companies operating in the region.

For his part, the Chairman of the Federal Financial Supervision Bureau reviewed the schedule of financial dues between the federal government and the region, stressing the documentation of these dues in the Bureau’s reports, with the addition of notes regarding the delivery of the region’s oil and non-oil revenues to the federal government.

The Chairman of the Financial Supervision Bureau stressed the need for the amendment to include clear mechanisms for liquidating financial advances before the end of the year to avoid their accumulation. He stressed that the agreement based on this amendment is good and implementable, with the need to address the observations referred to.

The senior staff of the Financial Supervision Bureau also provided a briefing on the progress of the procedures for localizing the salaries of the region’s employees, indicating that the localization rate exceeded 80% in the banks accredited by the Central Bank of Iraq, with the end of the year set as the final date for completing the biometric cards to ensure that the problem of duplicate salaries is addressed.  link

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Tishwash:  The Center for Banking Studies announces its training plan for the year 2025

In the presence of His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, the Center for Banking Studies at the Central Bank of Iraq announced its training plan to be implemented during 2025.

The Director General of the Center for Banking Studies, Dr. Mustafa Munir, said that the center will provide specialized accredited courses and tests in the fields of the financial and banking sector, providing workers in this vital sector with accredited international certificates and practices, in addition to providing solid scientific consultations and studies in the financial and banking fields of the Iraqi banking system.

The attendees expressed their interventions regarding the plan and enhancing its details, in light of the observations and suggestions made by each of them at the level of the accredited specialized certificates axis and the workshops and training courses axis, which reflect the actual training needs of banking institutions and non-banking financial institutions, to raise the level of efficiency of the performance of workers in the banking system, towards achieving the goals of sustainable development in implementation of the government program with the required qualitative achievement.

The deliberative meeting concluded with expressing observations and suggestions that would positively reflect on the effectiveness of the training plan to be launched in 2025, and preparing it in its final form, taking into account the flexibility of the plan and its ability to accommodate developments and keep pace with developments.

Central Bank of Iraq
Media Office  link

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Mot: Facebook friends 

Mot: .. When enough is Enough

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-08-24

Good Afternoon Dinar Recaps,

BRICS NEWS:  THE US DOLLAR’S CLOUT IS DECREASING GLOBALLY, SAYS BRICS

BRICS member Russia has commented on the recent 100% tariff threats issued by President-elect Donald Trump for cutting ties with the US dollar. Russian President Vladimir Putin spoke about the threats by poking fun at the American economy and its dwindling power. The clout that the US carried a few decades ago is no longer in existence as developing countries have come far ahead in steering their economy to prosperity.

While their economy is becoming prosperous, BRICS is focusing on boosting their local currency and not the US dollar. The bloc is determined to use local currencies first and keep the US dollar in the backseat of the global economy.

BRICS: The U.S. Dollar’s Global Influence Is Decreasing

BRICS leader and Russian President Putin explained that after Trump’s presidency, American leaders have done a great deal to undermine the US dollar. The sanctions and weaponization of the USD led to emerging economies ganging up against the White House. “The US dollar’s clout is decreasing globally,” said Putin.

He also said that America’s share in the global economy is shrinking while BRICS is rising. “Given that the US share in the global economy is shrinking, the dollar’s influence on global economic processes is also falling. And as this happens, new tools come to the fore,” he said.

“It’s been four years since the [US] President-elect was in the White House. During this time, the economy has undergone many changes, both globally and in America.

His successors, his political opponents, have done a great deal to undermine the fundamental role of the dollar as a global reserve currency,” Putin summed it up. It now needs to be seen how BRICS will counter Trump’s threat of reducing dependency on the US dollar.

@ Newshounds News™

Source:  Watcher Guru\

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YOU WON'T BELIEVE HOW EASY IT IS TO SPREAD CHRISTMAS JOY!  |  Youtube

 @ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

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“Bits and Pieces” in Dinarland Sunday Afternoon 12-8-2024

KTFA:

Clare:  The House of Representatives postpones its session

12/8/2024

The House of Representatives decided to postpone today's session, Sunday, due to the lack of quorum.

The media department of the council said in a statement received by {Euphrates News} a copy of it, that: "The House of Representatives postponed its session due
to the lack of a legal quorum."    LINK

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Clare: Most notably Trump and Macron.. Nechirvan Barzani meets world leaders in Paris (photos)

12/8/2024

The President of the Kurdistan Region, Nechirvan Barzani, met with leaders and heads of state on the sidelines of participating in the reopening ceremony of "Notre Dame Cathedral" in the French capital, Paris.

According to the photos published by the presidency of the region, the most prominent leaders and chiefs that President Nechirvan Barzani met with are: French President Emmanuel Macron, US President-elect Donald Trump, and American billionaire and businessman Elon Musk.

An official reception ceremony was held in Paris for President Nechirvan Barzani, via an official procession carrying the flag and name of Kurdistan.

In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated yesterday evening, Saturday, along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris. LINK 

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Clare:  Central Bank Governor receives representatives of the Innovation Center at the Dubai International Financial Center

December 08, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, held a meeting in Baghdad with representatives of the Innovation Center at the Dubai International Financial Center, during which they discussed ways of cooperation in the areas of promoting innovation and entrepreneurship, adopting financial technology, artificial intelligence and advanced infrastructure.

The meeting also reviewed opportunities to support innovation in banking systems and electronic payment solutions, and providing opportunities for emerging companies in these fields to enter Iraqi, regional and global markets.

The meeting addressed the development of training programs to build Iraqi capacities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technology and banking technology. The two parties also discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs.

They expressed their commitment to developing partnerships that contribute to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation.

Central Bank of Iraq
Media Office

https://cbi.iq/news/view/2729

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

Frank26  [Texas Chase Bank Story]  This is a bank story at the next level.  It's no longer a scam.  It's no longer they don't want to talk to you.  It's, we want to talk to you as quickly as possible.  MR. DON: Mid-summer...I had a small and seldomly active account...I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value...She said, I've heard some chatter about that and I've had a number of customs come in and inquire.  I'm not sure what's going on...I asked her, any event that occurs do you expect you would be involved in exchanging?   [Post 1 of 2]

Frank26   [Bank Story Continued]   She said, well that's what we do.  As soon as it appears on my screen we will exchange. That was a couple months ago.  This past weekend...my wife got a message on her phone.  It was from the assistant manager.  She said she wanted us to, 'Get in here and get you an appointment with the wealth manager in preparation for what's coming down the pipe.'  FRANK:  We're now at the point where it's no longer, 'It's a scam'.  That nonsense is over...When are you going to have this meeting? MR. DON:  We'll probably schedule for this upcoming week...  [Post 2 of 2]

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BANKRUPT: U.S. Debt Hits Critical Levels as Your Future Is Sold Off

Taylor Kenny:  12-8-2024

he U.S. national debt has skyrocketed to $36 trillion, with $1 trillion added in just 115 days. What does this mean for the next financial crisis? As government spending spirals out of control, the ability to respond to crises diminishes, leaving Americans vulnerable.

In this video, Taylor Kenney dives deep into the growing dangers of national debt, hyperinflation risks, and how to protect yourself with physical gold and silver.

CHAPTERS:

00:00 What $36 Trillion in Debt Means for the U.S.

00:46 Why the Media Avoids the Truth About Debt

 02:31 The Illusion of Economic Stability

03:44 The U.S. Debt Crisis: Two Possible Outcomes

04:53 Real-World Consequences for Americans

06:02 How Overspending Affects the Next Generation

07:12 The Risk of a Currency Reset or CBDCs

08:27 Preparing Your Wealth Outside the System

https://www.youtube.com/watch?v=rtc2t7oqfMs

US Admits Collapse of the Dollar as BRICS Introduce New Finance

US Admits Collapse of the Dollar as BRICS Introduce New Finance

Geopolitical Analyst:  12-8-2024

In recent years, the landscape of international finance has been undergoing significant transformation, moving away from traditional systems and exploring innovative alternatives. One of the most groundbreaking initiatives emerging from this shift is BRICS Pay, a payment platform that operates on a decentralized star topology, leveraging dispersed networks to communicate payment information and liquidity.

This novel approach not only enhances the speed and efficiency of payments but also fortifies financial resilience against unilateral actions that can disrupt global economic stability.

BRICS Pay stands out as a promising alternative to SWIFT, seeking to mitigate potential sanctions and currency volatility that have increasingly characterized the global financial arena. By adopting a decentralized framework, BRICS Pay offers rapid deployment and scalability, making it a highly adaptive solution for the member countries of the BRICS alliance—Brazil, Russia, India, China, and South Africa. The increased focus on inclusivity and transparency aims to foster deeper economic collaboration among BRICS nations and their global partners, ultimately enhancing collective economic power in an increasingly multipolar world.

As of the second quarter of 2024, BRICS countries had significantly bolstered their gold reserves, now totaling approximately 6,200 tons, which accounts for 21.4% of the world’s total reserves. This strategic buildup reflects a broader tendency among countries to diversify from the US dollar and safeguard their economies against external shocks and sanctions.

Russia leads the pack with 2,340 tons (8.1% of global reserves), followed closely by China at 2,260 tons (7.8%). Brazil’s gold reserves have increased nearly threefold, showcasing a successful initiative to strengthen financial defenses in the face of growing global uncertainty.

Nations are increasingly turning away from their dependence on the US dollar in international trade and finance—a process known as de-dollarization. This paradigm shift is driven by various factors, including the desire for economic autonomy, stability, and resilience against US economic sanctions. The dominance of the dollar in global transactions often subjects countries to the vagaries of US monetary policy, which can lead to significant economic instability.

By diversifying their reserves, central banks aim to dispel risk linked to US financial systems and foster greater monetary independence.

Key players like China and Russia are taking significant strides to undermine US economic control by enhancing the use of their respective currencies in international commerce. These nations are establishing regional trade agreements that facilitate local currency transactions, thereby reducing reliance on the dollar.

For instance, a recent agreement between China and Brazil allows for trade in their own currencies, simplifying transactions and minimizing conversion costs.

The movement towards a decentralized payment system and the accumulation of gold reserves are emblematic of the BRICS nations’ commitment to creating a more robust and independent financial architecture. This strategic direction aims not only to cushion the economies of member nations from external pressures but also to pave the way for a multipolar global financial system.

As emerging economies gain traction on the world stage, leveraging their own currencies to bolster financial sovereignty represents a significant shift in international trade dynamics. The rise of BRICS Pay, coupled with nations’ efforts to diversify away from the US dollar, demonstrates a collective resolve to reshape global economic relations and challenge the historical dominance of Western financial institutions.

The introduction of BRICS Pay and the strategic increase in gold reserves signal a pivotal moment in the evolution of global finance. By championing decentralized systems and reducing reliance on the dollar, BRICS nations are taking measured steps towards economic independence, stability, and security.

The aim is clear: to strengthen financial autonomy against geopolitical risks while promoting an inclusive framework conducive to collaboration among emerging markets. As the world moves forward, the success of these initiatives will be closely watched as a potential blueprint for future economic cooperation and resilience on the global stage.

Watch the video below from Geopolitical Analyst for more information.

https://youtu.be/idCrQV01Jmw

Seeds of Wisdom RV and Economic Updates Sunday Morning 12-08-24

Good Morning Dinar Recaps, 

COINBASE REVEALS LETTERS WHICH EXPOSES FDIC’S ROLE IN OPERATION CHOKEPOINT 2.0

Coinbase reveals FDIC "pause letters", showing efforts to restrict crypto banking services. Documents support Operation Chokepoint 2.0 claims.

▪️Coinbase obtained FDIC "pause letters" revealing efforts to limit banking access for crypto firms in 2022 through FOIA requests.

▪️FDIC's communications showed deliberate delays and questions aimed at halting crypto-related banking activities, fueling "Operation Chokepoint 2.0."

▪️Crypto industry leaders argue government actions restrict legal crypto businesses' access to banking services.

Coinbase, one of the largest crypto exchanges in the U.S., has made public a series of documents that point to the Federal Deposit Insurance Corporation’s (FDIC) involvement in restricting banking access for crypto companies. 

The letters, obtained through a Freedom of Information Act (FOIA) request, suggest that in 2022, the FDIC instructed banks to halt or limit services to crypto businesses.

The exchange’s legal team asserts that these documents provide evidence of a concerted effort by federal agencies to suppress the crypto industry.

Coinbase Exposes FDIC’s ‘Pause Letters’, Proving Role in Crypto Banking Restrictions
Coinbase recently revealed a set of “pause letters” sent by the FDIC to financial institutions in 2022. These letters requested that banks temporarily halt crypto-related activities until further review of compliance and risk factors.

The documents, uncovered through legal action by the exchange, shed light on the FDIC’s efforts to limit the banking services available to crypto businesses.

The “pause letters” explicitly instructed banks to pause any crypto asset-related activities. This signals a proactive stance by regulators to discourage financial institutions from engaging with cryptocurrency industry.

Paul Grewal, Coinbase CLO commented,

“The letters that show Operation Chokepoint 2.0 wasn’t just some crypto conspiracy theory. FDIC is still hiding behind way overbroad redactions. And they still haven’t  produced more than a fraction of them.”

Last month, Coinbase CLO Paul Grewal revealed that the FDIC has been actively working to restrict banks from offering crypto services.

Operation Chokepoint 2.0 Allegations and Its Impact on Crypto Firms

The documents made public by Coinbase have rekindled the debate around “Operation Chokepoint 2.0,” a term coined by critics to describe alleged government efforts to stifle the crypto industry. According to the exchange legal team, these letters provide concrete evidence of a coordinated strategy by the FDIC to limit crypto firms.

Crypto executives have long complained about the difficulties of securing banking relationships due to regulatory uncertainty. The letters confirm that federal agencies have been using informal measures to suppress the industry.

However, in recent reports, US Rep. French Hill has vowed to investigate Operation Chokepoint 2.0, which he argues targets industries like crypto through politicized debanking. He has called for transparency in financial oversight and stronger protections for businesses facing unfair regulatory practices.

According to reports, Banks were asked to submit detailed analyses, including risk assessments and income projections, before moving forward with offering crypto services. This level of scrutiny and the subsequent delays were a tactic to stop financial institutions from entering relationships with the crypto sector.

Coinbase has vowed to continue pursuing transparency, despite heavy redactions in the documents released by the FDIC. As Coinbase legal chief Paul Grewal stated, further disclosure will provide additional clarity on the extent of the regulatory actions taken against the industry.

Similarly, John Deaton recently called for the incoming US government to hold accountable those responsible for debanking crypto firms.

@ Newshounds News™

Source:  CoinGape

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BRICS NEWS:  SOUTH AFRICA SAYS BRICS HAS NO PLANS TO CREATE NEW CURRENCY AFTER TRUMP ISSUES WARNING AGAINST DEDOLLARIZATION: REPORT

Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa.

In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg.

According to DIRCO, reports have misinterpreted the intentions of the economic bloc about trade settlements between member nations.

“Recent misreporting has led to the incorrect narrative that BRICS is planning to create a new currency. This is not the case. The discussions within BRICS focus on trading among member countries using their own national currencies.”

In May of last year, reports emerged that BRICS was working on a new currency backed by gold and potentially additional precious metals and assets in a push to abandon the US dollar.

Despite those reports, South Africa is now saying that BRICS has no intention of promoting de-dollarization efforts.

“South Africa supports the increased use of national currencies in international trade and financial transactions to mitigate the impact of foreign exchange fluctuations, rather than focusing on dedollarization. The strengthening of correspondent banking networks and the development of infrastructure for settlements in national currencies could further this aim.”

South Africa’s statements come as President-elect Donald Trump issued an ultimatum against BRICS. Trump says on the social media platform Truth Social that he plans to take severe measures if BRICS creates or backs a dollar alternative.

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER. We require a commitment from these countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy.

They can go find another ‘sucker!’ There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should wave goodbye to America.”

As a whole, BRICS nations have expressed varying levels of support for a common currency, with leaders in Russia and Brazil firmly behind the idea. South Africa is the most conservative, expressing the need for a cautious approach while emphasizing the importance of the US dollar.

@ Newshounds News™

Source:  DailyHodl

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IMMEDIATE SUPPORT FOR VICTIMS - LISTEN NOW! AUDIO  |  Youtube

WE ARE ALL VICTIMS OF COMMON LAW CRIMES.  Mason explains and gives us a remedy through Victims Support Services.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Sunday AM 12-8-2024

Ariel (@Prolotario1): Are you all Ready? A Legend will be Written

Ariel:  Are you all ready?

Do you have your financial & legal teams in place?

Do you have all debts, interest, bills, fees, etc calculated?

Do you all have your foreign currency in accessible places?

Do you have transportation to get to & fro?

Because you all are in a turning point for human history that will never happen again.

Many people are waiting for you all to be bamboozled and let down.

Many are waiting for this to fall through the cracks for you and to laugh at your misfortune.

But if you have been studying this investment you know for certain the last laugh will be on this account.

So prepare yourselves. Contact those who you may need to talk to. A legend will be written in the stars. Your legacy will be solidified and you will get to tell people in the future how you came to know about the greatest wealth transfer the world has ever seen.

Tell them Prolotario1 sent you.

Source(s):
https://x.com/Prolotario1/status/1865564070960914798

https://dinarchronicles.com/2024/12/07/ariel-prolotario1-are-you-all-ready-a-legend-will-be-written/

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

Walkingstick  They're waving the exchange rate right in front of our faces.  Everything that they  say, do and talk about cannot be at a program rate...The monetary reform is going to get done one way or another...Kurdistan uses the same IQD as Baghdad does...Get along or get left behind...  

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
People in the streets are saying Sudani had two years and he is not giving us the purchasing power that he promised us.  He made a solemn oath to us and now he's saying not in two weeks, they won't be competed until the early part of 2025.  This is unacceptable.  FRANK:  It's not Sudani that said that.  It's this economy idiot and he doesn't represent Sudani.

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Andy Schectman Reveals MASSIVE Gold Coverup HAPPENING NOW

CapitalCosm:  12-8-2024

https://www.youtube.com/watch?v=mN_yzT4BZ88

Stock "Wobble" Will PANIC The Fed | Michael Oliver

Liberty and Finance:  12-7-2024

Michael Oliver shares his insights on current market conditions, particularly Bitcoin, the stock market, and precious metals.

He expresses skepticism about Bitcoin's recent surge, suggesting it may be a bubble linked to the NASDAQ, and warns that its momentum may not be sustainable.

 Oliver also discusses the strength of the precious metals market, noting that despite recent pullbacks, gold and silver remain stronger than the S&P and NASDAQ year-to-date.

He anticipates that as the stock market weakens, the flow of assets into gold and silver potentially triggering a vertical phase for the metals.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Bitcoin & stock market

5:48 Gold & silver

10:58 Bank stocks

14:55 Move into metals

17:34 Nvidia

 20:00 Gold & silver last thoughts

 21:17 Momentum Structural Analysis

https://www.youtube.com/watch?v=kU3bHtma4A0

“Tidbits From TNT” Sunday Morning 12-8-2024

TNT:

Tishwash:  Halbousi concludes his visit to Congress and meets with the Foreign Relations Committee

Friday, the head of the Progress Party, Mohammed al-Halbousi, concluded his visit to the US Congress by meeting with Republican Representative and member of the Foreign Relations Committee, Darrell Issa.

The media office of the head of the Progress Party said in a statement received by “Al-Jarida” that “the meeting discussed the strategic partnership between Iraq and the United States of America and ways to develop it in a way that reflects positively on the two friendly peoples and joint cooperation in the fields of energy and gas investment.”

The meeting also discussed the situation in Gaza and Lebanon, efforts to stop the war and put it into practical implementation, as well as the recent developments in Syria and the importance of containing this crisis and affirming the preservation of Syria's security and stability, according to the statement. link

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Tishwash:  Former Minister Rules Out Trump Imposing Sanctions on Iraqi Oil Production and Marketing

Former Minister of Electricity, Luay Al-Khatib, ruled out US President-elect Trump imposing sanctions on Iraqi oil production and marketing.

Al-Khatib stated in a post on the “X” platform, which was followed by “Jarida”, that “Trump is a man of deals and will use his tools to redraw international relations in a manner consistent with his administration by controlling the movement of the dollar and imposing sanctions and central bank dealings on some institutions, individuals and even regimes that are unfriendly or difficult to deal with with the United States.

He may be stubborn or strict on the issue of granting exceptions to Iraq’s import of Iranian gas and electricity exclusively to restrict the dollar’s ​​access to Tehran, but he will not pressure Iraq, as the second oil producer in OPEC, to limit its production to support global markets in order to push for price instability and rises, especially in light of the sanctions in force on major producers such as Iran, Russia and others.”

He expected, “Perhaps the Trump administration will support American energy companies in the fields of oil, gas, electricity and renewable energy to invest in producing countries, including Iraq, to ​​create an alternative and restore trade balance with an active presence, but with work controls that do not contradict financial dealings between Iraq and the United States and the two countries’ partners in the region.”

He stressed that "Iraq must move wisely and quickly to deal with the Trump administration and work on a proactive plan to win over the elected administration before it takes power so that the country can avoid costly moody scenarios that we faced during our ministerial period with great difficulty and succeeded at that time in containing them to pass exceptions on the gas and electricity files." link

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Tishwash:  Al-Nusairi calls on the media to be patriotic, transparent and supportive of the national economy

Economic and banking advisor Samir Al-Nusairi called for economic media to be national, specialized, accurate, honest and transparent in diagnosing economic problems and imbalances, and to be a real and supportive contributor in proposing solutions and treatments to the supervisory and regulatory government bodies, and not to be a media that is satisfied with directing criticism and accusations without relying on accurate and transparent sources and information.

Al-Nusairi pointed out that the economic analysis of those called analysts or experts should be realistic and committed to reaching accurate information from reliable sources so that the government and its economic institutions can benefit from it for the purposes of diagnosis, treatment and accountability.

Al-Nusairi warned against some non-economic media (or non-specialized media) that have recently promoted and analyzed incorrect news that is tainted with lack of credibility and fallacies in transmitting and analyzing the news according to specific visions, intentionally or unintentionally, that harm the course of economic, financial and banking reform, disrupt the movement of monetary and commodity trading in the local market, and hinder the efforts of the government and the Central Bank in achieving the goals set to achieve the desired reform steps

Stressing that the non-committed media contributes to adding another problem that affects the nerve of the Iraqi economy in addition to the challenges that the country and the region are currently suffering from, which is creating a state of economic instability and fluctuations in the exchange rate of the US dollar against the Iraqi dinar and the rise in the prices of basic and necessary goods and materials such as food and medicine.

He pointed out that it is necessary here for media workers in all its fields and analysts who roam satellite channels and lack experience and intent to realize that specialized economic media has an important and fundamental role in creating economic stability and goes beyond that to contributing to economic reform and enabling and assisting the concerned state agencies and institutions to control economic problems and spread economic culture and avoid failure cases because economic media must be national economic media in word and meaning.

Al-Nusairi explained that media and economy are in a multi-faceted and permanently related partnership, and they are on the same front to face the challenges they face together, and if we assume that the economy can create successful media, then it is certain that the media can also create a successful economy, and this is what results in the success of the media institution if it has specialized economic leaders who are aware of the role of national media.

 Iraq's experience in this field is considered modern, as the economy needs support and assistance in promotion, analysis, planning and support in order to deliver a distinguished media message to the audience, whether through the press, television, radio, or modern media and communication channels.

Al-Nusairi concluded by saying: “Therefore, the economic media that can deliver a purposeful message and serve the economy and economic institutions is the one that attracts an important segment of society. It will remain and continue and achieve the strategic goals of supporting the national economy and developing the work of productive, financial and banking institutions.

The economic media must undertake positive participation in the process of development and economic reform by presenting an image of the nature of the future trends of the economy and identifying economic and development activities and events and available energies and encouraging and stimulating the economy and investment.”  link

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Mot: .... ""Mots"" Thought fur da Daze 

 Mot: ...... and Yet another of ole ""Mots"" marital Tips!!!