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News, Rumors and Opinions Wednesday AM 12-25-2024
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 Special Restored Republic via a GCR Update as of Wed. 25 Dec. 2024
Compiled Wed. 25 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: In other news Christmas used to be celebrated on Jan. 6 before the changeover from the Julian Calendar to the Gregorian Calendar. Evidently the Global Military Alliance is doing other things this Christmas and is going to wait until Jan. 6 2025 to celebrate Christmas.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 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 Special Restored Republic via a GCR Update as of Wed. 25 Dec. 2024
Compiled Wed. 25 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: In other news Christmas used to be celebrated on Jan. 6 before the changeover from the Julian Calendar to the Gregorian Calendar. Evidently the Global Military Alliance is doing other things this Christmas and is going to wait until Jan. 6 2025 to celebrate Christmas.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 2024
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(RUMORS)
Christmas Eve and Christmas Day: Operation Silent Night will target Elite strongholds under holiday cover Christmas Eve and Day. https://eraoflight.com/2024/12/24/military-alliance-launches-full-force-global-strikes-as-deep state-falls/
American Airlines has halted all flights across the U.S. on Christmas Eve due to a “technical fault” in their system, says FAA. Flights of other airlines were being delayed or cancelled due to extreme snow storms.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 2024.
ISO20022 tokens like XRP, XLM, XDC were part of the new Global Financial System along with silver & gold. Expect cyber outages.
When the EBS happens it will last from 10 to 12 days:
There will be a EBS message sent over phones, TV and radio around the Globe saying that in the next five hours or so, everyone needed to be home for a global lockdown that would last 10 to 12 days.
NESARA will be announced to the world, which will show that EVERYTHING NEW is beginning.
At the end of the 12 days, they will give out an 800 number for individuals to call to obtain an appointment to set up your Quantum money account on the new Starlink Satellite System.
There were 75 Deepstate Banks that were seized and all assets and accounts closed. All the C***l’s Central Banks have been taken over, with assets entered into the Quantum Financial System (QFS).
The QFS is run on Blockchain where nothing fraudulent can happen because everything is traceable. They can see where all money goes, which stops corruption in its tracks.
Apparently all people have a sum of money in an individual Quantum Financial Account.
The seized assets of the Cabal were moved to those Quantum Financial Accounts of The People. All monies in trust funds were moved to individual QFS accounts. All our bank accounts, savings accounts and retirement accounts were safe in the new Quantum System.
The only monies not reflected in individual Quantum Accounts were investments and shares on the Stock Market. All that will be gone! It is advised to get out of the Stock Market immediately.
Read full post here: https://dinarchronicles.com/2024/12/25/restored-republic-via-a-gcr-special-update-as-of-december-25-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
All banks according to Mr. Sammy have stopped all cash transfers from today to January 7th as part of early inventory. We have declared a two-day holiday on Christmas and then the next day. This is the first time that we've ever done anything like that on Christmas. FRANK: Soon you will have purchasing power for the first time in a long time. FIREFLY: This will also mark the end of using or handling cash as ever before...We're going digitally with a new rate...
Mnt Goat “REASONS FOR THE DELAY IN SENDING GENERAL BUDGETS IN IRAQ AND ITS ECONOMIC REPERCUSSIONS” ...Iraq is trying desperately to fix the system they have in place of budgeting. The article tells us the system has been an ongoing issue and needs to be fixed. It lists the issue involved and is very informative. I will tell everyone...The hold up of the budget is NOT about the RV...I can tell you for sure with 1000% assurance the hold up of the budget implementation is NOT due to waiting for the new RV rate.
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Anchored in Gold: A Conversation with Dr. Judy Shelton (Little By Little)
Andy Schectman/Miles Franklin: 12-24-2024
In this illuminating interview, Andy Schectman has the honor of speaking with Dr. Judy Shelton, a distinguished economist, monetary policy expert, and former Federal Reserve nominee.
Dr. Shelton is celebrated for her incisive views on global economics and her steadfast advocacy for sound money principles. Her work has been at the forefront of critical discussions about monetary stability and the enduring role of gold in a shifting financial landscape.
For Andy, with over 35 years of experience in the precious metals industry, it was an extraordinary privilege to engage in this conversation with one of the most respected voices in economics.
Dr. Shelton’s expertise and clarity bring unparalleled depth to this timely discussion on the future of money, financial stability, and the principles that underpin a strong global economy.
This is a must-watch dialogue that will inspire and inform anyone interested in the intersection of monetary policy and the enduring value of gold. Don’t miss it!
“Tidbits and Merry Christmas From TNT” Wednesday Morning 12-25-2024
TNT:
Tishwash: Parliamentary Finance: The budget will be passed with integrity and fairness
Member of the Parliamentary Finance Committee, Hussein Al-Saabari, confirmed today, Tuesday, that the proposed tables in the draft budget law are under study, and it is expected that they will be finally passed.
Al-Saabari stressed in a statement to the Al-Maalouma Agency, “the necessity for the budget to be real and reflect everyone’s interests,” warning that “some amendments may benefit some parties at the expense of others, which is unacceptable.”
He explained that "the budget must be fair and just for all Iraqis, while ensuring that resources are distributed in a way that achieves the public interest without prejudice to the rights of any party."
TNT:
Tishwash: Parliamentary Finance: The budget will be passed with integrity and fairness
Member of the Parliamentary Finance Committee, Hussein Al-Saabari, confirmed today, Tuesday, that the proposed tables in the draft budget law are under study, and it is expected that they will be finally passed.
Al-Saabari stressed in a statement to the Al-Maalouma Agency, “the necessity for the budget to be real and reflect everyone’s interests,” warning that “some amendments may benefit some parties at the expense of others, which is unacceptable.”
He explained that "the budget must be fair and just for all Iraqis, while ensuring that resources are distributed in a way that achieves the public interest without prejudice to the rights of any party."
He pointed out that "the draft budget law has not yet reached Parliament, and that the Council and its Finance Committee are ready to receive it as soon as it arrives."
It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed . link
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Tishwash: Central Bank of Iraq launches strategic projects to support digital transformation
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, announced the launch of strategic projects to support digital transformation in the country.
In a speech during the fourth annual international scientific conference, which was titled (Digital Financial Services - Challenges of Reality and Future Foresight), His Excellency the Governor stressed that "the Central Bank has paid great attention to digital transformation as one of its goals within its third strategic plan for the years from 2014 to 2026 to enhance the efficiency of banking work, improve financial performance, and meet customer needs in light of rapid technological development."
His Excellency noted that "the Central Bank has taken great steps to support digital transformation by developing the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion," referring to "the start of launching strategic projects, including the instant payments project, local cards, and unified payment gateways, as well as issuing controls to license digital banks in Iraq, taking into account cybersecurity requirements and the risks associated with this transformation."
His Excellency added that "cybersecurity is one of the most important challenges facing us today, so the Central Bank has launched projects to enhance cybersecurity by developing the tools and systems of the Cybersecurity Management Center, and adopting an advanced approach to enhance the cybersecurity of the Central Bank and the banking sector."
His Excellency stressed "the Central Bank's commitment to continue its efforts to achieve financial digital transformation and enhance innovation and sustainability in the financial sector."
Central Bank of Iraq
Media Office
December 24, 2024 link
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Tishwash: What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?
Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.
Al-Fahd told Baghdad Today, "The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks."
He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is the responsibility and responsibility of banks and exchange companies. This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq."
He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."
Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move that is, to say the least, far from professionalism and transparency.
Al-Hashemi said in a post on the social networking site "Facebook", which was followed by "Baghdad Today", that "stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates link
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Mot: When Ya Needs to do it Once a Year!!!! Siiggghhhhh
Mot: Warning!!! -- In these Final Moments!!!!
Mot: ......... The List!!!!
“Bits and Pieces” in Dinarland Tuesday Afternoon 12-24-2024
Ariel: Iraqi Dinar Update, Strategic Window
12-23-2024
Iraqi Dinar Update
I can understand why this would be the case for the Central Bank of Iraq and determine a cohesive strategy for their new exchange rate. As we know speculation can run wild once they reinstate their currency.
Releasing a new exchange rate during a period when markets are closed or less active, such as during Christmas, could indeed provide a strategic window.
This timing allows for adjustments in the currency valuation without the immediate pressure or volatility that might come from active trading. This could minimize the risk of speculative attacks or undue market reactions.
Ariel: Iraqi Dinar Update, Strategic Window
12-23-2024
Iraqi Dinar Update
I can understand why this would be the case for the Central Bank of Iraq and determine a cohesive strategy for their new exchange rate. As we know speculation can run wild once they reinstate their currency.
Releasing a new exchange rate during a period when markets are closed or less active, such as during Christmas, could indeed provide a strategic window.
This timing allows for adjustments in the currency valuation without the immediate pressure or volatility that might come from active trading. This could minimize the risk of speculative attacks or undue market reactions.
Introducing the new rate just before the weekend gives the Forex markets time to adjust over a couple of days before the new week starts.
This buffer can be useful for banks, traders, and the financial systems to recalibrate without the intensity of a full trading week’s pressure right away. Will everything go according to this plan? Not sure but it does make perfect sense.
As we know others are saying they could delay it to July 2025 because of the digital transformation. Which I highly disagree with.
Because for one Starting a new fiscal year with an adjusted rate would simplify financial reporting and economic planning for businesses and government entities.
It allows for a clean slate where all financial transactions from January 1, 2025, would be based on the new rate, reducing confusion and making economic analysis more straightforward.
While full digitalization by July 2025 might be an ambitious goal, Iraq has already taken significant steps towards digital banking. The introduction of digital payment methods, mobile banking apps, and efforts to reduce cash reliance indicate a progressive move towards digital finance.
This groundwork suggests that even if full digitalization isn’t complete, substantial progress has been made, potentially sufficient to handle a currency revaluation without needing to wait until July 2025.
CryptoTrader: Last year they revalued dinar to 1310 on February 7th,Which was a Tuesday. Here is the theory. Tomorrow being Tuesday and Christmas eve they can revalue after the US markets close as all forex closes till 5 pm Christmas day. They have ample time just like Sunday and it's a perfect diversion . It will hit forex on boxing day which is Thursday .2 days of adjustments on forex and 2 days of weekend. And people can start exchange from 30th Monday which is a new moon day. Lot of financial market positive moves happen on new moon ,historically. And like Sudani promised its just 1 day before the year end.
https://dinarchronicles.com/2024/12/23/ariel-prolotario1-iraqi-dinar-update-strategic-window/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy said with this auction stopping the value would have to be added to stop the chance of a collapse of the currency. FRANK: That's brilliant simple words but so well said. Specific manicured words that defines it exactly...This is checkmate. There is no other move.
Nader From The Mid East I feel it's very very, we are very very very very close. Very close. Like very close guys. I feel like once they stop the auctions everybody is going to be happy about it. I think it's going to be stopping on the 28th...70% to 80% [chance].
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KTFA:
Clare: Iraq suspends official work tomorrow, Wednesday
12/24/2024
The Iraqi government decided to suspend official work tomorrow, Wednesday, on the occasion of Christmas.
A brief statement received by Shafaq News Agency stated that the Council of Ministers voted to consider tomorrow, Wednesday, December 25, 2024, an official holiday, on the occasion of Christmas.
Christmas, celebrated on December 25 of each year, is considered one of the most important religious and social occasions in the Christian world. These holidays symbolize the birth of Jesus Christ and are characterized by manifestations of joy and spiritual contemplation.
In Iraq, Christmas is an important religious and social occasion celebrated by Christian sects, where prayers are held in churches amidst a spiritual atmosphere, cities are decorated with trees and lights, and celebrations reflect the values of coexistence and peace among the various components of Iraqi society. LINK
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Why Gold Will Dominate in 2025, Dollar Collapse | Alasdair Macleod
Soar financially: 12-24-2024
In "2025 - Collapse is Coming", Alasdair Macleod discusses the largest credit bubble in history, the risk of fiat currency collapse, and gold’s role as a safe haven. Learn about the debt traps facing major economies, the geopolitical challenges shaping markets, and what to expect in 2025.
Timestamps
00:00 Intro
01:16 Alasdair Macleod Introduction
02:25 Year in Review: 2024 Highlights
05:00 The Largest Credit Bubble in History
09:15 Geopolitical Shifts and Their Impact
12:47 BRICs and Currency Wars
16:10 Middle East Tensions and Implications
19:32 Central Banks Buying Gold
23:05 Economic Outlook for 2025
27:45 Impact of Rising Interest Rates
31:30 The Fed’s Debt Trap
35:10 Gold vs. Fiat Currencies
39:00 The Role of Commodities in 2025
42:20 Protecting Wealth Amid a Collapse
46:05 The Rise of Debt Traps Globally
50:20 Challenges for Western Economies
54:15 Real Money vs. Credit
57:45 Viewer Takeaways and Final Thoughts
1:00:30 Closing Remarks
“Tidbits From TNT” Tuesday 12-24-2024
TNT:
Nassif: Government reforms contributed to Iraq's exit from foreign debt risks
MP Alia Nassif confirmed on Monday that the current government has achieved important economic reforms, most notably Iraq’s exit from the dangers of foreign debt.
"One of the most important economic reforms of the current government is to free Iraq from the risks of foreign debt after paying most of it off over the past two years," Nassif said in a statement reported by the official news agency and seen by Al-Eqtisad News.
"Our economy has become more secure and not shackled by debt," she added, expressing her hope "to move in the coming period from a rentier economy to a productive economy through an agricultural industrial revolution
TNT:
Nassif: Government reforms contributed to Iraq's exit from foreign debt risks
MP Alia Nassif confirmed on Monday that the current government has achieved important economic reforms, most notably Iraq’s exit from the dangers of foreign debt.
"One of the most important economic reforms of the current government is to free Iraq from the risks of foreign debt after paying most of it off over the past two years," Nassif said in a statement reported by the official news agency and seen by Al-Eqtisad News.
"Our economy has become more secure and not shackled by debt," she added, expressing her hope "to move in the coming period from a rentier economy to a productive economy through an agricultural industrial revolution link
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Tishwash: What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?
Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.
Al-Fahd told Baghdad Today, "The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks."
He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is the responsibility and responsibility of banks and exchange companies. This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq."
He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."
Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move that is, to say the least, far from professionalism and transparency.
Al-Hashemi said in a post on the social networking site "Facebook", which was followed by "Baghdad Today", that "stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates link
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Tishwash: Dollar Auction.. What is the truth about stopping the Central Bank’s platform for currency conversion?
A responsible source in the Central Bank of Iraq revealed, on Monday evening, the truth about stopping the Central Bank's platform for currency transfer starting today.
The source told Shafak News Agency, "The talk about the official suspension of the Central Bank's platform for the currency transfer window, on today's date 12/23/2024, is incorrect. Today, the auction worked normally and there is no official decision to suspend it so far."
The source, who requested anonymity, added, “This platform will be stopped at the end of this year, according to what the bank officially announced. This does not mean stopping transfer operations, as some are trying to promote. However, after this step, there will be direct dealings between banks and correspondent banks, and not canceling transfer operations, as is being promoted. The issue is not limited to specific banks, but rather the process will be much broader.”
The responsible source in the Central Bank stated that "many Iraqi banks have the capabilities to deal directly with correspondent banks and operate in accordance with the work of advanced global banking sectors." link
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Tishwash: Al-Sudani is considering inviting American companies to work in the port of Faw
Prime Minister Mohammed Shia Al-Sudani discussed, today, Monday, with the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries, extending an invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port.
Prime Minister Mohammed Shia Al-Sudani chairs a meeting on energy projects.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Monday, on oil and electricity sector projects, in the presence of the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries.
During the meeting, the gas projects that are being implemented within the government program were discussed, as well as the timetable set for their completion, especially since there is an increase in the levels of stopping the burning of associated gas, as the percentage currently stands at 67 percent, and it is hoped to reach 80 percent by the end of next year, leading to a complete cessation of burning by the end of 2027.
During the meeting, the invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port was also discussed.
The meeting discussed inviting international energy companies to invest in natural gas fields, in addition to discussing the plan to supply fuel to power plants at the present time and for the coming months. link
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Mot: . That's an excellent way to look at it
Mot: .. So What Do Reindeer Dream About ---
Iraq Economic News And Points To Ponder Tuesday AM 12-24-24
Stopping The Dollar Transfer Platform...A Calculated Step Or A Risky Adventure?
December 23, 2024 Baghdad/Iraq Observer The Central Bank of Iraq is scheduled to abandon the electronic platform for dollar transfers abroad at the end of this year, which has raised questions about whether this decision indicates the abandonment of the Iraqi Central Bank and the US Federal Bank’s mechanisms for monitoring the movement of the dollar,
or is it a step towards adopting a new system that may It contributes to reducing sharp fluctuations in the exchange rate and returning it to its natural levels that are consistent with the requirements of the local market and the national economy.
Stopping The Dollar Transfer Platform...A Calculated Step Or A Risky Adventure?
December 23, 2024 Baghdad/Iraq Observer The Central Bank of Iraq is scheduled to abandon the electronic platform for dollar transfers abroad at the end of this year, which has raised questions about whether this decision indicates the abandonment of the Iraqi Central Bank and the US Federal Bank’s mechanisms for monitoring the movement of the dollar,
or is it a step towards adopting a new system that may It contributes to reducing sharp fluctuations in the exchange rate and returning it to its natural levels that are consistent with the requirements of the local market and the national economy.
The electronic platform was launched in early 2023 as a new mechanism aimed at auditing dollar transfers before they are implemented, replacing the previous system that relied on auditing by the US Federal Bank after the transfers were completed, which was considered a step to enhance transparency, improve control of the movement of funds, and ensure compliance with financial laws.
At that time, banks, companies and merchants in Iraq faced major challenges in adapting to the new mechanism, as it required time to understand the working mechanisms and ensure compliance with the requirements.
However, these entities were able to adapt gradually, especially after bank employees underwent extensive training courses on using the electronic platform, which contributed to achieving full compliance with the new work procedures and ensuring the smooth flow of financial operations.
According to the new transfer mechanism, banking operations in dollars will be limited to banks that have international banking relationships, or what are known as “correspondent banks.”
Concern and reassurance
Both the Central Bank of Iraq and the US Federal Reserve believe that this step will contribute to strengthening oversight of remittances in a more precise and specialized manner, by restricting transactions to a limited number of banks that have high banking standards and the ability to cooperate with international banks, which aims to reduce financial risks and ensure Compliance with international controls.
In turn, Mustafa Akram, a researcher in financial and banking affairs, said that
stopping work on the electronic platform (FITR) and restricting dollar transfers to a limited number of foreign banks may pose challenges to the local banking system, indicating that
“this step may raise concerns about the concentration of transactions in dollars.” “In a limited range, which may lead to effects on exchange rate stability.”
Akram added to “Iraq Observer” that “there is a need for a deeper study of the impact of these measures on competitiveness in the Iraqi banking sector, while emphasizing the importance of preserving banking sovereignty and enhancing balance in the local market.”
Possible bounces
In light of these movements, news was raised about a trend towards making a new adjustment to the exchange rate, which raised concern among economists about the potential impact of this trend on the economic process in general.
Experts stressed that sudden changes in monetary policy may create additional confusion in the markets and weaken confidence in the financial system.
For his part, economic expert Uday Al-Alawi stressed that
“the biggest mistake the government can make is manipulating the dollar exchange rate through sudden decisions, because this has a direct impact on the national economy and undermines investors’ confidence in the financial system.” Al-Alawi added, in a press comment, that
“the government’s continued making of ill-considered decisions regarding the exchange rate will lead to the erosion of international and local confidence in the Iraqi economy, which will weaken the ability to attract the investments necessary to improve the economic reality.”
Economists fear the possibility of some banks not included in the transfers going to meet the requirements of their customers towards the parallel market, which could lead to a return to the rise of the dollar in Iraq. https://observeriraq.net/إيقاف-منصة-تحويلات-الدولار-خطوة-محسوب/
An expected rise in the dollar...a “temporary shock” awaiting the Iraqi market
Economy | Yesterday, 19:49 |
Baghdad today - Baghdad
Today, Monday (December 23, 2024), the "Future Iraq" Foundation for Economic Studies and Consultations expected a rise in the dollar exchange rate during the next few days, following the Central Bank of Iraq's announcement of stopping the currency conversion window platform.
The head of the institution, Manar Al-Obaidi, said in a statement to “Baghdad Today” that
“stopping the Central Bank’s currency transfer platform, which was officially announced on 12/23/2024, will lead to a temporary rise in the dollar exchange rate in the market as a result of the prevailing state of fear.”
However, things will return to normal at the beginning of the new year.” Al-Obaidi added,
"This decision had been previously announced by the Central Bank,
but such measures, when implemented, cause a shock in the market, leading to a temporary rise in the exchange rate, before the shock is gradually absorbed." He explained that
"the difference between the official and parallel market will remain, but it will shrink as the situation stabilizes."
On Tuesday (December 17, 2024), economic affairs specialist Nasser Al-Tamimi warned of a rise in the dollar exchange rates in Iraq in the coming days. Al-Tamimi told “Baghdad Today” that
“there are real fears in the Iraqi market about the continued rise in dollar exchange rates after the platform was suspended by the Central Bank of Iraq,” noting that
“this matter will constitute a shock, especially at the beginning of the implementation of the decision and will push for a rise.” The dollar, to increase demand for it in the parallel market.” He added,
"After stopping the platform, most merchants, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey with dollars, in illegal ways," pointing out that
"this is what will push the rise and that is why practical steps must be taken to prevent This is done by the monetary authority in the country, and urgently.”
On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for external transfers, while
indicating that placing external transfer operations and meeting requests for the dollar is on sound paths and consistent with international practices and standards.
https://baghdadtoday.news/264515-ارتفاع-مرتقب-للدولار.-صدمة-مؤقتة-بانتظار-السوق-العراقي.html
New Conditions From The Iraqi Central Bank For Buying And Selling Foreign Currencies
December 23, 2024 Baghdad/Iraq Observer Today, Monday, the Central Bank of Iraq set new conditions for buying and selling foreign currencies. Below is the document:
https://observeriraq.net/wp-content/uploads/2024/12/IMG_9748.jpeg
https://observeriraq.net/شروط-جديدة-من-المركزي-العراقي-لبيع-وشر/
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[approximate and incomplete translation of https://observeriraq.net/wp-content/uploads/2024/12/IMG_9748.jpeg ]
DATE: 2024/12/22 Electronic payment companies / two accessories
Exchange and mediation companies selling and selling foreign currencies
5 / Digital payment providers
Due to the availability of all the requirements for appointing the agent mentioned in (Chapter Two /
First / The Requirements of the Agent) from controls
The work of the providers of digital payment services for a year 2020 and the fact that exchange companies are my category (A,B) and the mediation companies by selling and selling
Foreign currencies Venice (C) licensed from this bank and is subject to its supervision and monitoring; The following decides:
1- Allowing exchange companies Vinte (A,B) and mediation companies to buy and sell foreign currencies (C) Digital payment services / accessories to provide cash withdrawal service (POC) according to the following conditions:
1- The agency/ executor in the name of the company should be limited and not owned by natural people.
A- The agency's services are provided inside the company’s headquarters and its branches exclusively.
B- The company informs this bank when contracting with the digital payment service and providing it with a copy of the signed contract The two parties.
C- Closing the agency / port in the event that this bank withdraws the company's leave.
D- The agency's domestic payment service for the agency took a written pledge from the company wishing to contract with him not to own any
A shareholder / executive and operating outside the exchange of the exchange or mediation company.
2- In the event that one of the shareholders or director of the exchange and mediation companies has an agency / port in his name and works outside the headquarters
The company can integrate the agency / port with the company and allow it to transfer its ownership in the name of the company in exclusivity and inform this bank that
An exception to the blindness of this bank number (114/10/9) on 2/22/2022, which includes not transferring the ownership of agents/withdrawals outlets POC; In the event that the agent / the perpetrator wants to leave the work, the digital payment companies must end the contract and take
The appropriate procedures for them not to sell the agency's ownership and its transmission.
With appreciation. https://observeriraq.net/شروط-جديدة-من-المركزي-العراقي-لبيع-وشر/
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-24-24
Good Morning Dinar Recaps,
RIPPLE CEO REVEALS GROWING REAL ESTATE DEMAND FOR XRP TESTING
▪️Brad Garlinghouse revealed that there has been an increase in demand for XRP not only as a payment solution within the real estate sector but also in the trade finance and insurance sectors.
▪️With the financial landscape shifting towards more efficient and secure solutions, Ripple stands at the forefront of this transformation, leveraging the advantages of XRP to enhance cross-border payment systems securely.
Good Morning Dinar Recaps,
RIPPLE CEO REVEALS GROWING REAL ESTATE DEMAND FOR XRP TESTING
▪️Brad Garlinghouse revealed that there has been an increase in demand for XRP not only as a payment solution within the real estate sector but also in the trade finance and insurance sectors.
▪️With the financial landscape shifting towards more efficient and secure solutions, Ripple stands at the forefront of this transformation, leveraging the advantages of XRP to enhance cross-border payment systems securely.
Ripple CEO Brad Garlinghouse has revealed that there is an increase in demand for XRP as a preferred payment solution within the real estate sector. Ripple is proactively working to boost the asset’s adoption, recognizing its potential in transforming transaction methodologies.
This growing interest is not only a testament to the efficacy of blockchain technology in facilitating seamless transactions but also highlights the evolving landscape of property sales and investments.
The real estate market has traditionally been bogged down by lengthy processes, high transaction costs, and a lack of transparency, making it a prime candidate for disruption.
The founder identified other industries ripe for innovation, including insurance, trade finance, and identity management, in the interview shared on X by RippleLord, a Ripple enthusiast.
Ripple’s Payment Network in Real Estate
Ripple and the real estate sector stand to mutually benefit from each other, particularly as there is a growing demand from customers for Ripple’s deeper involvement in trade finance.
Ripple’s solutions have the potential to streamline processes and enhance operational efficiency, particularly in areas like global payments and title management, where inefficiencies have long hindered the real estate industry.
At the core of Ripple’s offerings is Ripple Payments, which was previously named RippleNet and utilizes advanced blockchain technology to facilitate efficient fund transfers for institutions around the world. Brad Garlinghouse emphasized that businesses are keen to explore how Ripple’s cutting-edge solutions can improve cross-border payments and minimize transaction friction.
This need for modernization is particularly relevant today, as existing payment systems often leave users waiting weeks for transactions and facing high fees.
Ripple Payments provides a decentralized network for banks and financial institutions globally, utilizing products built on the XRP blockchain, such as xCurrent for cross-border payments and xRapid for cheap and fast transactions.
Ripple seeks to collaborate with traditional financial institutions and real estate companies rather than replace them. Garlinghouse compares Ripple’s transformative potential to the internet’s evolution, noting its ability to change various sectors, including real estate, fundamentally.
As revealed in a CNF article, XRP’s permissionless nature and its On-Demand Liquidity (ODL) feature are particularly advantageous for real estate transactions. ODL enables international payments by using XRP to facilitate more efficient cross-border transactions.
This feature also provides instantaneous settlement, enhanced reliability, and reduced transaction costs, critical elements for real estate deals that often involve multiple currencies.
Currently, Ripple Payments supports over 55 countries and connects to more than 120 fiat currencies, simplifying the management of international transactions for real estate professionals.
As XRP continues to gain recognition in the payments landscape, each unit is trading at $2.21, with a notable decrease of 2.94% in the last 24 hours. XRP’s trading volume of $ 11 billion has decreased by 9.30%, signaling a recent fall in market activity.
@ Newshounds News™
Source: Crypto News Flash
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HOW MOONPAY PLANS TO REVOLUTIONIZE CRYPTO PAYMENTS
MoonPay, a fintech company has become a major player in crypto since its launch in 2018. Led by CEO Ivan Soto Wright, the platform helps investors buy and sell cryptos as well as NFTs easily. It is like a PayPal but for cryptocurrencies. The project is capturing the spotlight as there are news about them acquiring Helio pay, a crypto payment gateway.
MoonPay Role in Crypto Space
MoonPay has launched innovative crypto payment solutions like MoonPay Balance. This is a fiat to crypto transfer tool that works seamlessly with wallets like MetaMask. Rolled out in 27 European countries last month, this feature gives users a straightforward way to interact with decentralized finance (DeFi) protocols. But the company isn’t stopping there. A potential acquisition of Helio Pay, rumored to cost $150 million, might be their next big leap.
Helio Pay Acquisition News
Helio Pay is no small name in the crypto world. The platform is like Coinbase Commerce, helping over 6,000 merchants and creators accept payments in Bitcoin, Ether, and other digital currencies. It even integrates Solana Pay into Shopify, a platform with millions of users globally. This is going to be an amazing combo as MoonPay already serves more than 20 million users in over 160 countries.
According to Eleanor Terrett from Fox Business, MoonPay is in in talks to acquire helio for about $150 million.
If this acquisition goes through, this is going to be a big thing for crypto space especially for e-commerce merchants and their users. MoonPay will get to expand its reach and e-commerce will get enhancement with its services. How great would it be if you could use crypto to buy stuff online just like using a credit card — easy and simple.
Why This Matters
This potential deal highlights MoonPay’s ambitions of making crypto transactions easier for individuals. This will reshape how businesses and users interact with cryptocurrencies. Adding Helio Pay to their portfolio would strengthen their infrastructure. This would finally bring crypto payments into the mainstream. As crypto adoption grows globally, this is the perfect time to bring such enhancements to crypto payments.
What to Expect Next
If the Helio acquisition deal is closed, this will likely spark even more innovations in the crypto payment space. The company already has a bright name because of its focus on easing the crypto payments, the new takeover will shine the name even more. It’s just a matter of time before the actual confirmation comes out.
@ Newshounds News™
Source: Coinpedia
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Thank you Dinar Recaps
News, Rumors and Opinions Tuesday AM 12-24-2024
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. 24 Dec. 2024
Compiled Tues. 24 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: On Mon. 23 Dec. there was no news about setting exchange/redemption appointments. As far as I know Tier4b needs to exchange before Jan. 1 2025 because that is the date the General Public will be (allegedly) notified that the World is free of the Cabal and on a new Financial System of The People.
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. 24 Dec. 2024
Compiled Tues. 24 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: On Mon. 23 Dec. there was no news about setting exchange/redemption appointments. As far as I know Tier4b needs to exchange before Jan. 1 2025 because that is the date the General Public will be (allegedly)notified that the World is free of the Cabal and on a new Financial System of The People.
I am convinced that the RV is coming to us very soon. Just today on Mon. 23 Dec. 2024 the Iraq Bank of International Trade opened it’s doors. That means the Kingpin of the GCR – the Iraqi Dinar – is international. Think about the implications of that.
I am taking a much needed break and this will be my last Update until after the holidays, unless, of course, Tier4b (us, the Internet Group) receives news about setting our exchange/redemption appointments. If so, I will immediately send out an Update.
I wish you all a very Merry Christmas with a glorious New Year of Freedom from the Cabal.
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Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The beginning of the new Restored Republic Fiscal Year. (allegedly)
Mon. 16 Dec. 2024: Banks began (allegedly) changing over to the new financial system as the Global Currency Reset (allegedly) rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar went public. Redemption Centers (allegedly) became fully operational. Banking Systems were (allegedly) beginning to process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024
Mon. 23 Dec. 2024 Trade Bank of Iraq went International.
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 (allegedly) completed. People will (allegedly) begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
By Tues. 31 Dec. 2024, Redemption Centers will (allegedly) be open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Early Jan. 2025: The EBS is set to begin ten days of Communication Darkness.
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will(allegedly) begin.
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 (allegedly) advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made (allegedly) available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially(allegedly) 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
End of March 2025: The US Fiat Dollar will be(allegedly) phased out, no longer worth anything.
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Global Financial Crisis:
Mon. 23 Dec. 2024 Dow Hit With Sledgehammer: https://finance.yahoo.com/news/the-dow-gets-hit-with-a-sledgehammer–how-worried-should-you-be-133022256.html
Read full post here: https://dinarchronicles.com/2024/12/24/restored-republic-via-a-gcr-update-as-of-december-24-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The introduction of all these foreign currencies [to transact in for import/export] is the introduction of the international basket where [the dinar] will be paired and the new exchange rate will exist and grow. I'm excited because they're stopping the CBI auctions and replacing them with value for your currency to deal with other currencies that have their own value...
Jeff The second half of December was a very critical period to Iraq. Why? During the second half of December is when Iraq pauses and suspends their credit and lending practices which work off the value of the country's currency. If Iraq is going change the value of their currency, they would need to pause and suspend credit and lending practices. That's why it's important.
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"Right Now, Things Are So Out Of Whack It's INSANE" - Mike Maloney
12-23-2024
Are we on the brink of a severe recession—or could the markets somehow keep soaring? In this eye-opening discussion, Mike Maloney and Alan Hibbard unveil the key data points that have signaled every modern recession without fail.
From year-over-year employment metrics to the notorious yield curve inversion, you’ll see why they believe “things are so out of whack it’s insane.”
Plus, learn about the “Blood Indicator,” a little-known composite gauge that’s flashing red, and find out why the Federal Reserve’s early rate cuts could be a sign that they see something lurking just around the corner.
What You’ll Learn:
Which employment trends pinpoint recessions with startling accuracy
Why today’s yield curve inversion is historically deep—and what it means How consumer sentiment is plunging to record lows
The “Blood Indicator” that’s never been wrong Why the Fed’s rate cuts suggest they’re bracing for impact
Whether you’re a seasoned investor or just waking up to the economic storm clouds, this is the data you can’t afford to ignore. Buckle up—something big could be around the corner.
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
St. Onge also tackled the broader implications of de-dollarization, the rise of Bitcoin as "digital gold," and the impact of Trump-era policies on monetary stability.
With predictions for 2025, he explored whether the U.S. is already in a recession and how alternative financial systems like Bitcoin could reshape global economies.
This interview delivers deep insights into the Fed's role in modern economics and presents a radical alternative to the status quo.
00:00 Introduction
01:03 FOMC Policy Meeting Insights
01:45 Inflation and Economic Concerns
03:21 Trump's Economic Policies and Their Impact
06:14 Recession Fears and Economic Outlook
09:40 The Argument for Ending the Fed
15:30 Legal and Practical Steps to End the Fed
17:46 The Future of the U.S. Dollar
19:27 Global Government Spending Post-COVID
19:43 The Future of the U.S. Dollar and Fiat Currencies
20:39 Gold Reserves and Fort Knox Mysteries
22:27 The Gold Standard and Historical Context
23:54 Potential Changes to the Federal Reserve
26:45 Bitcoin and Gold as Strategic Reserves
27:48 The Role of Elon Musk and DOGE in Government
29:47 Mainstream Media and Political Dynamics
34:15 Gold and Bitcoin Market Predictions
37:46 General Market Outlook and Investment Advice
39:08 Conclusion
More News, Rumors and Opinions Monday PM 12-23-2024
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
Stability would be essential to prevent inflation or deflation from disrupting economic activities. A perfect currency should be pegged to a diversified basket of assets, including commodities, equities, and global economic indicators, to mitigate fluctuations arising from localized economic issues.
Public confidence in the currency hinges on transparency, security, and governance. A decentralized system, governed by an impartial and algorithmically controlled entity rather than a single nation or private institution, would enhance trust. Advanced cryptographic measures would secure the system against fraud and cyberattacks.
This ideal currency would have to seamlessly flow through the financial system, minimizing transaction costs and delays. Digital form, supported by distributed ledger technology, would allow instantaneous settlements and efficient tracking, reducing the need for intermediaries and clearinghouses, while allowing to transact privately for personal security, but the system must also include mechanisms to prevent illicit activities.
This can be achieved through cryptographic techniques like zero-knowledge proofs. To do this the currency would have to be programmable, allowing for smart contracts to automate trade, enforce agreements, and optimize financial processes. This would lower operational costs and streamline global trade operations.
The currency would have to be able to circulate via a digital, decentralized infrastructure maintained by a network of nodes (blockchain) distributed globally. Transactions would be validated through a consensus mechanism, such as proof-of-stake, ensuring energy efficiency and scalability. Financial institutions would serve as facilitators, providing liquidity and converting existing assets into the new currency.
Currency values would have to reflect a balance of real-time economic indicators, supply and demand, and technological advancements. For global trade, this currency would eliminate exchange rate risks and reduce transaction frictions, encouraging equitable and efficient trade among nations. While the perfect currency as described could endure for many generations, 0n going adjustments would likely still be necessary to adapt to evolving societal, technological, and economic conditions.
These proposed attributes create a solid foundation for long-term sustainability. A decentralized and programmable nature would allow it to evolve without being tied to the political or economic fluctuations of any single nation or entity.
Additionally, linking its value to a diversified basket of assets reduces the risk of systemic collapse due to localized economic crises.
For the theoretical “perfect currency,” a combination of asset-backed and fiat currency principles would likely be the optimal choice.
This ideal currency could endure for generations as a cornerstone of the global economy. But its longevity would depend on its ability to adapt through ongoing refinement and innovation. Just as biological evolution allows species to survive environmental changes, a currency must evolve in response to technological, economic, and social shifts.
With a foundation designed for adaptability. A “Hybrid” type of currency seems the logical alternative. A hybrid currency that combines asset backing for stability and fiat flexibility for adaptability would be the most suitable for the described scenario. It would provide the confidence and security of tangible value while maintaining the liquidity and responsiveness needed for dynamic global trade and modern economic demands.
So while waiting for a GCR, contemplate the above scenario. If you have been watching we see most of the mechanisms above being enacted in real time. It’s like you’ve been dating for 15 years, close but not exactly ready to get engaged.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The word 'shock' is not being just used freely. It is specific to what is about to happen to [the] monetary reform. Once those auctions stop, many Iraqi citizens will start to ask more questions. It will shock most of the citizens that don't know what's going on. It will shock parliament. It will shock the international markets as it travels in a basket. That shock wave that will restructure global finances and the American dollar will be put back on top as the ruler of all currencies on this planet. Mark my words.
Yada ...the contractors received their exchanges, Iraq has removed all the corruption, ISIS, and now they have digital banking in the banks taking the control of the money out of the hands of the CBI. The amendment for the rate changes was done last weekend and the Iraqi people know the rate is changing AND the banks in Iraq are operating with the basket of currencies for international business as we speak.
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Global Currency Crisis Begins As Brazil Panic Sells $17 Billion USD In Urgent Rescue
Sean Foo: 12-23-2024
Brazil's recent currency collapse is a reminder to the world - a stronger US dollar is bad for the world. As Trump escalates his tariff war on the world, we are dangerously moving towards a global currency crisis. Here's what you must know.
Timestamps & Chapters:
0:00 Brazil's Currency Crisis
2:49 Why The Collapse Happened
5:45 New Big Risk Coming!
8:33 US Dollar Wrecking Ball
10:16 Fuel For De-Dollarization
13:01 Asia's USD Shock
3 Scary Truths About the Future of Social Security
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
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As stated by the SSA Trustees report, the current surplus will run out by 2035. However, this doesn’t mean the program will no longer pay benefits. Instead, the program will be able to pay only about 83% of the scheduled benefits. This means your monthly check could be potentially slashed by 17%.
“Policymakers can implement various Social Security reforms to rebuild this surplus, like raising the full retirement age from 66 to 70 or taxing workers on all their earnings,” said Steve Sexton, financial consultant and CEO of Sexton Advisory Group.
“Regardless of whether a surplus is achieved or not via reforms, I wouldn’t recommend leaving this up to chance, and it should motivate individuals who plan to retire in 2033 and beyond to reevaluate their retirement planning strategy. Future retirees should plan to beef up their reserves via other means of retirement income, whether through investments, real estate, part-time work or other income streams.”
According to Taylor Lee, financial advisor at Belmont Capital Advisors, “A scary truth about the future of Social Security is that people are living much longer now and drawing benefits into their 90s, whereas benefits can start as early as 62. It’s common sense that we need to raise the retirement age for Social Security, but no politician is going to do it because they’re afraid to lose votes.”
Inflation Is Eating Away at Benefits
Even if Social Security doesn’t become insolvent, it’s losing its buying power. While Congress adjusts Social Security benefits for inflation each year through the cost-of-living adjustment (COLA), it hasn’t managed to keep up with skyrocketing inflation. This means retirees are losing money each month as their bills surpass their benefits. If inflation keeps outpacing COLA, retirees will lose purchasing power on their benefits yearly.
“A recent analysis by The Senior Citizens League reported Social Security benefits have lost 20% of their buying power since 2010, which means the next generation of retirees cannot realistically depend on their Social Security check to fully support them in their golden years,” Sexton said. “Additionally, as necessities like housing, groceries and healthcare increase, retirees will struggle to afford basic needs if their Social Security benefits don’t keep pace with rising costs.”
TO READ MORE: https://www.yahoo.com/finance/news/3-scary-truths-future-social-120059678.html
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
The Fed’s Tightrope, Debt, Real Estate, and the Case for Gold
APMEX: 12-22-2-24
In a rapidly shifting economic landscape, the Federal Reserve (the Fed) finds itself walking a precarious tightrope. As it navigates the dual pressures of stubborn inflation and mounting national debt, the implications of its monetary policy decisions are echoing throughout the economy.
With a staggering $36 trillion national debt and interest expenses that are climbing, the Fed’s actions are poised to have far-reaching consequences, particularly in the realm of commercial real estate.
Despite the Fed’s best efforts to rein in inflation, which has remained stubbornly above its target, interest rates have risen sharply in response. These elevated rates are intended to cool off the economy and temper inflationary pressures.
However, the result has been a cascade of challenges that threaten the financial stability of various sectors. The burden of high interest rates is particularly acute for small and mid-sized banks, which are already feeling the heat from an escalating commercial real estate crisis.
The commercial real estate sector has become a focal point of concern as rising interest rates lead to higher borrowing costs. Property owners who previously benefited from low-interest loans are now facing a stark reality of ballooning debt expenses. Many are unable to refinance, leading to rising defaults and increasing vacancies. This scenario has created a ripple effect, pushing small and mid-sized banks to the brink as they grapple with rising non-performing loans and a tightening credit environment.
Analysts warn that this crisis could exacerbate existing economic vulnerabilities, particularly as many of these banks are heavily invested in commercial real estate. As defaults increase, confidence in the banking sector erodes, potentially leading to a more significant financial downturn.
With the national debt now exceeding $36 trillion, the U.S. government faces a daunting challenge. Interest payments alone are consuming a significant portion of the federal budget, leaving less room for investment in critical areas such as infrastructure, education, and healthcare. As interest rates remain elevated, these expenses will continue to rise, further straining the government’s financial resources.
Moreover, the ever-increasing debt poses a risk of eroding confidence in U.S. Treasury securities, traditionally viewed as a safe haven for investors. If investors begin to question the sustainability of the U.S. debt, it could trigger a more severe economic fallout, including a potential crisis of confidence in the dollar itself.
As the financial system teeters on the brink of uncertainty, many investors are revisiting the historical role of gold and silver as safe havens. Gold has long been viewed as a store of value, particularly in times of economic distress. Its appeal stems from its ability to maintain value even when fiat currencies face volatility and inflation.
The current economic climate, marked by high inflation and rising interest rates, creates a fertile ground for gold and silver to shine. Investors looking for stability amid the chaos are increasingly turning to these precious metals as a hedge against currency devaluation and economic downturns.
Silver, too, offers a dual advantage as both an industrial metal and a precious metal. With the green energy transition and technological advancements driving demand for silver, its value is expected to remain resilient, even in a turbulent economic environment.
The Federal Reserve is indeed walking a tightrope as it attempts to balance inflation control with the mounting pressures of national debt and a commercial real estate crisis. The consequences of its monetary policy decisions are reverberating across the economy, creating a landscape fraught with uncertainty.
In this climate of financial instability, gold and silver emerge as critical players. As traditional safe havens, they offer a refuge for investors seeking to preserve their wealth amidst rising inflation and potential economic turmoil.
As the Fed continues to navigate these choppy waters, the case for gold and silver becomes ever more compelling, reminding us of their enduring value in uncertain times.
News, Rumors and Opinions Monday 12-23-2024
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. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
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. 23 Dec. 2024
Compiled Mon. 23 Dec. 2024 12:01 am EST by Judy Byington
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The (allegedly) beginning of the new Restored Republic Fiscal Year.
Mon. 16 Dec. 2024: Banks began (allegedly) changing over to the new financial system as the Global Currency Reset rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar (allegedly) went public. Redemption Centers (allegedly) became fully operational. Banking Systems were (allegedly) beginning to process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse (allegedly) . …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
By Tues. 31 Dec. 2024, Redemption Centers will be (allegedly) open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Early Jan. 2025: The EBS is set to (allegedly) begin ten days of Communication Darkness.
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will (allegedly) begin.
Fri. 3 Jan. 2025: Global Unity announced as former Alliances (allegedly) restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: (allegedly) Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made (allegedly) available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially (allegedly) 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
End of March 2025: The US Fiat Dollar will be (allegedly) phased out, no longer worth anything.
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Global Currency Reset:
Judy Note: WARNING Beware of Banks: Right now there are many banks exchanging certain currencies including the Iraqi Dinar. However, they will give you the present street rate on the Forex, not the much higher rate you can receive at an official Redemption Center, plus a bank is not authorized to redeem Zim. After Jan. 1 2025 Banks will play a different role of services to you, some will close and all will no longer have access to your bank account.
Wed. 18 Dec. 2024: CRITICAL! Banks Are Desperate to Keep You From the Redemption Centers: Iraqi Dinar, ZIM, QFS, and the New Gold Standard Signal the Death of the Fiat Dollar! – Gazetteller
10:02 pm Sat. 21 Dec. 2024 TNTRayRen98: “The latest update is that within 24-36 hours it’s over.”
Sun. 22 Dec. 2024 Wolverine: “I just received news from Mauricio saying that the blessing is coming very soon. Remember that’s from his platform which purely humanitarian Nesara Gesara. I still have faith that we are going to have a Merry Merry Christmas. There are five platforms which are sending out monies. It’s going to be a wonderful Christmas.”
Thurs. 19 Dec. 2024 Bruce, The Big Call: Redemption Center Staff are scheduled to work all day Mon and Tues until noon. They have Christmas off and go back to work the day after Christmas. In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in. We could be notified overnight tonight or Friday morning 20 Dec.
Sun. 22 Dec. 2024 Iraqi Trade Bank has announced all cash transfers to the bank have been suspended until Jan. 7 2025.
Sun. 22 Dec. 2024 No more US Dollars are coming to Iraq. The Central Bank has two options: File for bankruptcy, or change the rate because this is what it means when cash is suspended: https://x.com/majeed66224499/status/1870886889583964197
Read full post here: https://dinarchronicles.com/2024/12/23/restored-republic-via-a-gcr-update-as-of-december-23-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The stopping of the auctions is the biggest clue you could have in your possession right now... That's the bullseye right smack dab in the middle of your forehead. They're going to hit this monetary reform.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy says the key will be to keep the inflation down once they stop the auctions and then the notes will pop and the rate. But auctions closing will force things. FRANK: Closing the auctions makes them obligated to give you a new exchange rate with lower notes to match it. FIREFLY: Mr. Sammy also says that by December 31st we could see that. So that means it could be before that. FRANK: Regardless whether it be in two weeks or two months it's happening. It's coming. We need to be ready...
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Did Warren Buffett Just SELL Before an 80 YEAR CRASH? | David Hunter
CapitalCosm: 2-22-2024
Your Prices Are About To EXPLODE...
Lynette Zang: 12-21-2024
Governments around the world have grown unpayable debt levels and intend to expand those levels. At the same time interest rates force higher payments on new debt, including rolled over debt. Easing into an already easy money environment is a recipe for higher and faster inflation. At some point, control will be lost.
Seeds of Wisdom RV and Economic Updates Monday Morning 12-23-24
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
Good Morning Dinar Recaps,
TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.
Miran has openly criticized the Biden administration, specifically targeting Fed Chair Jerome Powell. He condemned Powell for calling for more aggressive fiscal and monetary stimulus in Oct. 2020, just a month before the election, to boost the economic recovery during the pandemic.
Stephen Miran to Help Craft Trump’s Vision for a Booming Economy
The White House Council of Economic Advisers is a three-member team. It advises the president on economic policy. Miran will guide Trump on policy matters and be a key spokesperson to promote those decisions. He will provide insights and recommendations to shape the administration’s economic agenda. His work will help achieve its broader goals.
Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran said he was honored to be chosen. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.
Miran’s appointment requires Senate confirmation. Last month, Trump named Kevin Hassett as chair of the National Economic Council. And he nominated Paul Atkins to replace Gary Gensler as SEC Chair.
Miran Sees Crypto as Catalyst for Prosperity Under Trump’s Agenda
The crypto community has shown strong support for Miran, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a barrier to financial institutions.
He also pointed out the importance of innovation for economic growth, highlighting cryptocurrency’s potential role.
“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” he said in the interview.
Milan said on X on Sunday that he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
@ Newshounds News™
Source: CryptoNews
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TRUMP APPOINTS FORMER COLLEGE FOOTBALL PLAYER, GOP HOUSE NOMINEE BO HINES TO HEAD CRYPTO COUNCIL
President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets.
“In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote.
Trump also earlier appointed Stephen Miran to head his Council of Economic Advisers. Miran has previously stated that regulations inhibit innovation in the crypto sector.
In posts on Truth Social Sunday, Donald Trump appointed two new figures as advisers on economic issues.
Foremost of concern to crypto investors, Trump announced on Sunday that Bo Hines, a former college football player who secured the Republican nomination for North Carolina's 13th congressional district before succumbing to his Democratic opponent in the general election, will serve as the Executive Director of the Presidential Council of Advisers for Digital Assets, which Trump refers to as the "Crypto Council."
Trump had previously appointed David Sacks to spearhead crypto and A.I. issues at the White House, and refers to Hines working alongside Sacks in his announcement.
"In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote. "Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation's technological advancement."
Hines received funding in his 2022 Congressional race from pro-crypto PACs, The Block previously reported. Some of the money came from FTX executive Ryan Salame, according to Business Insider, who is currently serving a seven-and-a-half year prison sentence after pleading guilty to charges including conspiring to make unlawful political contributions.
Hines ran in the same district in 2024, but failed to secure the Republican nomination, coming in fourth place with 14.4% of the vote. Republican Addison McDowell later won the district in the general election with 69.2% of the overall vote.
Earlier on Sunday, Trump appointed former Treasury Department official Stephen Miran to chair his Council of Economic Advisers.
"I think financial regulation is excessively burdensome and prevents banks from...lending into the economy as much as they as much as they would. And I think sometimes [that] can really inhibit innovation in areas like the crypto-economy," Miran told podcast The Bitcoin Layer earlier this month.
@ Newshounds News™
Source: The Block
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🎄 Holiday Announcement from the Seeds of Wisdom Team 🎄
As the holiday season approaches, we want to ensure everyone has time to enjoy their families and count their blessings. We will be closing our rooms for a few days during Christmas and New Year's to celebrate and recharge.
Telegram Holiday Hours:
Rooms will remain open for READ Only
Closed: December 23rd - December 25th
Open: December 26th
Closed for New Year's: December 30th
Reopen: January 2nd
Newshounds will continue to post in the Morning Newsletter during the Holidays except on Christmas Day and New Year's Day.
Wishing all of you a joyous holiday season filled with love, laughter, and cherished moments. Enjoy your holidays and see you in the New Year!
@ Newshounds News™
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