Economist’s “News and Views” Thursday 6-20-2024

BRICS Announces Massive Trade Agreement to Ditch the US Dollar

GeoPolitical Analyst:  6-19-2024

The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.

The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.

Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.

Over the last two years, the BRICS economic alliance has grown tremendously. The grouping has sought to increase its relevance on a global scale and introduce an increasingly multipolar world. A massive part of those efforts are connected to the introduction of landmark economic policies.

Now, the alliance has announced a monumental development that could have immense ramifications for global finance.

 Specifically, BRICS announced a massive trade agreement at this week’s Foreign Ministers Meeting that would ditch the US dollar for all alliance trade settlements.

The nations included will opt to settle all trade with national currencies as opposed to Western alternatives.

https://www.youtube.com/watch?v=4xLVTTslaJU

Fixed Prices? Price Controls? Shortages? Rationing? ITS ALL COMING...

Greg Mannarino:  6-20-2024

https://www.youtube.com/watch?v=_2QvMJciA80

‘The End Of Fiat Currencies As We Know It’ | Gary Wagner

David Lin:  6-19-2024

Gary Wagner, Editor of TheGoldForecast.com, discusses his outlook for inflation, gold, monetary policy, and the impact of AI on our economy.

0:00 - Intro

0:55 – Inflation

 9:44 - Consumer sentiment

12:00 - Fed monetary policy

15:32 - Stocks

20:25 - Gold and fiat

https://www.youtube.com/watch?v=85d-2YUYaxM

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

"Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances.

Many of the 19 countries currently exploring a CBDC are at the research stage. Bahrain, Georgia, Saudi Arabia, and the United Arab Emirates have moved to the more advanced “proof-of-concept” stage. Kazakhstan is the most advanced after two pilot programs for the digital tenge."   IMF

Per conversations Dee, Sam, and I have had with our CBI contact, Iraq will be using CBDC for Cross-Border Trading.

© Goldilocks

👆 Iraq is not ready yet.
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Iraq to repatriate all its citizens from al-Hol refugee camp in Syria

BAGHDAD, June 18 (Xinhua) -- The Iraqi government on Tuesday has decided to return all Iraqis from the al-Hol refugee camp in Syria, the official Iraqi News Agency (INA) reported.

Karim al-Nouri, deputy minister of the Ministry of Migration and Displaced, told the INA that the "total number of refugees in the al-Hol camp is more than 50,000 people from different countries, including 20,000 people from Iraq."

He said that the Iraqi government had established a high-level committee to scrutinize the security situation of the refugees.

Al-Nuri also said that those returning from the al-Hol camp would go through community rehabilitation programs at the al-Jada'a camp in Iraq's northern province of Nineveh, stressing that about 3,000 people so far have returned to their homes in Iraq, according to INA.

The al-Hol camp is known to be housing refugees, with a significant number of them being family members of IS militants. ■    English News

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READ PDF HERE

ESMA75-453128700-949_Final_Report_MiCA_cooperation_technical_standards.pdf

Final MICA Standards Announcement:

The European Banking Authority (EBA) delivers their final group of MiCA Technical Standards just before the June 30th, 2024 deadline for their digital regulations to become law.

Reference
ESMA75-453128700-949
Section
Digital Finance and Innovation
Guidelines and Technical standards
Type
Final Report
Main Document
ESMA75-453128700-949 Final Report on MiCA cooperation technical standards
(EN)
Style
ESMA document

There were 14 technical standards and 3 guidelines finalized and published. This completes EBA's delivery of their technical standards under MiCA.   Esma Europa

© Goldilocks

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https://x.com/DROPZXRP/status/1803739866741522574

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"As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite."

The division of money flows has been taking place for some time, but we are beginning to clearly notice a new Economic Continental Divide.

Trading routes have been rerouted these last few years, and bilateral free trade agreements have been signed.

The emergence of a multi-polar Global Economy is beginning to be realized through countries supporting their own payment systems with the use of their own local currencies over the World Reserve Dollar.

With a new Digital Monetary System coming into play with Real World Assets backed by commodities and easy access to a fractionalized monetary trading policy, the expectation of a world with solid currency (Gold) through tokenized asset values is becoming a reality.  WolfStreet   Investopedia

© Goldilocks

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ISSA survey shows rising strategic importance of DLT adoption - Ledger Insights - blockchain for enterprise

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Bank of America finds younger investors prefer crypto, alternatives to stocks - Ledger Insights - blockchain for enterprise

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Ripple CEO Predicts End of XRP Lawsuit This Summer | Crypto News Flash

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Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system.

The movement of money is not the same. New digital accounting regiments are changing the direction of money based upon new re-entrances of local currencies being traded abroad.

At the end of this month, we're going to have guidelines, regulations, and new laws to change the way we do business.

Don't blink, it is happening right before your eyes.

© Goldilocks

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Nomura’s Laser Digital to Offer Crypto Trading, Asset Management in Abu Dhabi | Finance Magnates

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Thank you Dinar Recaps

Coffee with MarkZ, joined by MilitaMan. 06/20/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ, joined by MilitaMan. 06/20/2024

Member: Good Morning Fellow RV’ers

Member: Good Morning Mark, Mods and MilitiaMan

Member: Today is the First Day of the Rest of Our Lives to pay it forward!! I am excited with anticipation

MZ: Most of our intel today will come from MilitiaMan. Thanks MM for taking the time to join us today.

MM: Glad to be here.

Be sure to listen to the replay for the discussion on AI (Artificial Intelligence) and much more…..

MM: Iraq is still moving forward with their monetary reform and the project to delete the zeros. Alaq has stated this and Sudani refers to it. In the 2024 budget they mention numbers that mirrors what Al Sudani says.

MM: They are doing a $4.9 billion dollar pipeline to go through Jordan. If you do the math –the rate comes out real close to what Al Sudani said….which is about $1.32. This effectively deletes the zeros IMO…and a lot of people agree with me  

Member: Current dinar rate is 1310…..so delete the zero and add a decimal…..and its real close. $1.31 ish

MZ: This does not mean they chop the zeros off our notes and it has less value.

MM: It is not a lop.

Member: MilitiaMan will the rate be fixed or a float?

MZ: I don’t look for a wild float but a very controlled of fixed float. IF there is a float.

MM: Saleh who is the prime ministers financial advisor has released several article on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both.

MZ: So how does that work for people? Let’s say they come out with a rate of $2 and we think it should be $4. Do we hang onto our IQD? Do we put it into a multi currency account?  Any thoughts?

MM: I am not a financial advisor. I have a feeling if they came out with a rate similar to that….they would have to keep the rate in a tight range. If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciated rate or price changes every day.

MM: So I think the stronger it is….remember the reinstatement rate 20 years ago of $3.22. Even the IMF has documents stating this was a relevant number. If it came out at that….they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.

MZ: I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings.

MM: Remember that forex trades too many decimals. They make a lot of money with a small amount of movement.

MM: So I think it will be a tight range on a managed float

MZ: That is what Shabibi said. Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo

MM: I do not disagree with that.

MZ: It looks like to me $1.32 is our worst case scenario.

Member: I think the Iraq rate will come out close to what Kuwaits rate is.

MM: Yes that is added value. Then if they add the international calculation it will bring them into article 8 complience with the IMF.

Member: It's moving forward! Very excited! If it isn't as high rate as we initially thought, It's Way more than I have right now! Still think it will go higher. Praise God!!

Member: Do we believe this will be released promptly or drawn out over weeks or months????

Member: Iraq is not the kind of place where you announce to the people that the currency is going to leap up soon, unless you're going to do that.

MZ: In Iraq I have numerous reports from contacts on the ground that the CBI has released a video in the last couple of days showing Iraqis how to put their old currency into the ATM so they can deposit money. Which to me is a great sign. This will make any value change much easier to do it electronically. .

MZ: MM any thoughts on timing?  I believe things are spiraling towards the finish.

MM: Interestingly enough. After the release of that video….which I think was a good one….well in the comments it looks like there was a computer printout that shows or helps support the delete the zeros is now in preparation mode. The date on the printout was May 22, 2024.

MM: What was interesting about May 22 was Executive order 13303 was resigned . but no one knows exactly when this RV will happen.

MZ: Thanks MM for being with us here today.

Be sure to listen to the replay for all the details…….they both speak very fast.

Member: I saw an article where Vietnam is going cashless….Will this interfere with our RV?

MZ: No it will not. Many are trying to go cashless because it is efficient. But for me it is scary. What happens if technology goes down? Major power outages and the whole world is paralyzed.

Member: I went grocery shopping during a power outage.and they handed us a tablet and a pen and we wrote the prices down and they totaled it on a calculator at check out, BUT you had to pay either cash.

Member: If we go cashless, all big Bro has to do is flip a switch and your account is emptied. Then what do you do?

Member: Praying the CBDC’s fail and we get the QFS and new USN cash…..Cash is more secure then digital money…….but digital is convenient……a balanced system should use both.

Member: Small story: I talked to guy yesterday that was installing an ATM. I mentioned Bitcion on some machines. His are not. Asked they do foreign currencies. He replied, Dinar, no. It opened a great conversation.

Member: Global Economy on Edge: As Fears of a Dollar Crash and Black Swan Events Loom, Speculations of an Iraqi Dinar Revaluation Add to Market Uncertainty and Stir Financial Strategies

​​Member: Bank of England printing losses THREE times higher than FED!

Member: Everything will be returned 10 fold. Hang in there!. God is good. Stay strong!

Member: Have you accepted the fact you are very wealthy. what are you doing to prepare your mind, you are worthy and accepting of all the riches of this investment .

Member: This will be an epic 4th of July. Thanks to all today….great information.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

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“Tidbits From TNT” Thursday 6-20-2024

TNT:

CandyKisses: Demand to prevent the new American ambassador from entering Iraq

Information / Baghdad.

A member of the popular legal movement, Ahmed Shahid al-Shammari, called for preventing the new US ambassador Tracy Jacobson from entering Iraq because of what he described as her blatant interventions.

Al-Shammari said in an interview with the Information Agency that "the new US ambassador Tracy Jacobson is undesirable popularly, indicating that the blatant US interventions are aimed at destabilizing Iraq."

He added that "the US administration is still continuing its interference in the internal affairs of Iraq in various security, political and even economic fields, and is trying to use the file of terrorists again to provoke the Iraqi street," calling on the government to Prevent the entry of the new ambassador to Iraq and accept her as ambassador to her country in Baghdad.

Calls began to be made to the Iraqi Government and the Presidency not to accept Jacobson as the United States ambassador to Iraq because of her statements, which are blatant interference in the internal affairs of Iraq. 

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Tishwash:  An “extraordinary” meeting of the armed factions in Iraq regarding the American presence.. What about the truce?

The "Iraqi Resistance Coordination Committee", which includes a number of armed factions allied with Iran, announced the holding of a meeting, which it described as "extraordinary", to discuss the issue of the American presence in Iraq, as it confirmed its ability to end it "by all means" during the first meeting of its kind since the cessation of bombing operations and targeting of interests. The US has been in Iraq for more than five months, as the Iraqi arena is witnessing a calm state of security.

Since the beginning of last February, the "Iraqi Resistance" factions have entered into a truth with the American side following their assassination of the leader of the Iraqi Hezbollah Brigades, Abu Baqir al-Saadi , and no operation has been carried out against American interests Since that period, despite the continued activity of American aviation. Flying in Iraqi airspace, especially in Baghdad, Anbar, and the Kurdistan region of Iraq.

The Iraqi Al-Nujaba Movement, which is part of those factions, confirmed at the time that “societal, political and religious pressures” pushed for what it called “calm” with Washington, to pave the way “for the Iraqi government to take the initiative towards developing solutions to end the presence of the coalition.” international in the country. The leaders of the armed factions are awaiting the results of the work of the Iraqi-American Military Committee, which is responsible for assessing the field situation in Iraq and the threat of the terrorist organization ISIS, and setting a date for ending the presence of the international coalition.

In a statement, the first of its kind since the armistice, the coordination stated, last night, Wednesday, that it “held an extraordinary meeting to discuss events in the region in general and in Iraq in particular,” indicating that it discussed what it called “the opportunity that it gave the government - more than four months ago.” “Including scheduling the withdrawal of the American presence from Iraq.”

Criticism of the American presence in Iraq

She explained, "The attendees stressed the need to continue moving forward to achieve the country's autonomy, after the enemy's procrastination and stubbornness, so that it remains occupying our land, despising our skies, controlling the security and economic decisions, and interfering in Iraqi affairs with all reccklessness and arrogance, as if he does not know what awaits him after this opportunity," stressing that "The Iraqi people, their proud resistance, and loyal politicians, tribesmen, and people's representatives are able and determined to end this file and close it, using all available means, to restore security and stability, and achieve full autonomy.”

The “Coordination Committee” did not reveal a clear position regarding the truth or whether it was considering ending it, but a government source confirmed that “an agreement was made with the factions to stop all attacks until the file of the American presence in Iraq is resolved, which is the file that the Iraqi government and the American side are working on,” indicating. He told Al-Arabi Al-Jadeed, on the condition that his name not be mentioned, that “the facts had previously provided guarantees to the government not to violate the truth until the issue was officially resolved.”

The source confirmed that “to date, no notification has reached the government from the facts of their intention to carry out specific attacks, which means that the guarantees are still in place,” noting that “the government is following up on the file and will soon hold subsequent meetings with the American side in light of anticipated reports of the American-Iraqi Committee.” .

Iraq is an arena of conflict

The candidate to assume the position of US Ambassador to Baghdad, Tracy Ann Jacobson, said that “the militias allied with Iran are the main threat to Iraq,” as she stressed, in her opening speech before the Senate Committee on Foreign Relations, several days ago, the importance of enhancing stability, security, and independence. Iraq, considering that ISIS still poses a threat in the region, and that the US Army is still providing support to the Iraqi security forces.

Anne Jacobson also stressed the importance of Iraq strengthening its relations with its neighbors, and that “the presence of economic development, and a government capable of providing services to its people, reduces the attraction of terrorism” and also reduces the influence of militias allied with Iran, which she said “pose a great danger to the future of the country,” considering “Iran is a malicious actor in Iraq and destabilizes the region,” she added, adding: “We realize that the main threat to Iraq is the militias allied with Iran.”

Talks between Baghdad and Washington began last January, less than 24 hours after three American soldiers were killed in an attack in Jordan. The United States said that it was carried out by extremist groups allied with Iran in Syria and Iraq, which prompted Washington to carry out retaliatory strikes in Iraq that resulted in the assassination of prominent leaders in the armed factions, which prompted them (the factions) and the political parties associated with them to escalate their demands to remove the coalition forces from... The country.

The first round of bilateral dialogue between Baghdad and Washington, which was held in Baghdad, on January 27, led to an agreement to form a joint military committee to review and end the coalition mission and move to bilateral security relations, in light of the widespread criticism against the American presence in Iraq.   link

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Tishwash: IBBC Conference: Much To Celebrate In Iraq As Energy Takes Centre Stage

IBBC's ( Iraq Britain Business Council) 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage.

IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring conference at the Mansion House on 2nd July will reflect our members diversity and the modernisation that Iraq is currently experiencing.

With an expanding stable Economy and a service sector growing at 6% pa, Iraq is diversifying beyond its core energy sector and opportunities to invest have rarely been so healthy.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Mr. Ali Mohsin Ismail Al Alaq, Governor of the Central Bank of Iraq, H.E. Mr Asaad Al Eidani, Governor of Basrah, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim , Deputy Minister of Electricity, KRG ministers and keynote address from The Rt Hon Lord Howell of Guildford.

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq's economy, with the IBBC Energy Panel, which see the big players in energy policy and practice including Dr Luay Al Khateeb , Centre on Global Energy Policy - Columbia University , Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hasan Hashmat from Hydro-C and Mr Ellis Renforth from Wood Plc

IBBC as champions of best practice and the private sector publish special reports and white papers for reform, and this conference ' Insights and Opportunities' will launch our latest reports from Professor Frank Gunter, IBBC Advisory Council, on Foreign exchange, banking reforms and de-dollarisation: 'Two Cheers for Iraq: The Dinar - Dollar Exchange Rate Challenges' and a new report on emergent agricultural initiatives through IBBC's Agritech committee with the Agriculture Minister.

Ministers will also address the procurement opportunities across $400bn Government investment in key sectors, agriculture, transport, infrastructure, and you will hear about regional development at special roundtables with KRG Ministers and the Governor of Basra.

Special education and skills sessions will follow two GOI MOU's with IBBC and last year's focus on integrating and adapting education skills and curriculum to the business requirements of a modern economy.

Transport too is booming, through the ports, where electronic trade has seen a 128% increase, and the dry canal project linking Basra to Turkey and the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC members CJ-ICM and Sardar Group will inform us of activities and the evolution of electronic and port management systems already in place (see our '23 report on ports ).

Opening the conference the President of the Confederation of British Industry (CBI) Rupert Soames OBE gives a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK's business relationship and opportunities with Iraq.

Delegates will always find significant networking opportunities and the reception on 1st at the Mansion House celebrates IBBC's 15 years with a special exhibition on Gertrude Bell and our members activities, it's also the best informal networking opportunity among delegates, speakers and founder members and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

IBBCs membership matches this diversity, and the lineup of speakers and topics reflects today's Iraq. View the agenda here , and to register to attend the conference. We are certain there will be big demand for tickets register now to avoid missing out.

Join with us and share the insights and opportunities that a modern and stable Iraq now offers. link

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Mot: Siiiiiiiiiiiggggggggghhhhhhhhhhhhhhh!!!!!

Mot:  . And -- Just Like That!!!! Pooooooooooooooooof!!! 

Iraq News Highlights and Points To Ponder Thursday AM 6-20-24

Iraq News Highlights and Points To Ponder Thursday AM 6-20-24

Kurdistan Federation: Legislating The Oil And Gas Law Will Resolve The Disputes Between Baghdad And Erbil

June 19 16:58  Information / private..  The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil. 

 Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.”

She added, "The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives," noting that "approving the law would regulate the relationship between Baghdad, Erbil, and the oil-producing provinces."

She continued, "There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law." LINK

An Employee At The Agricultural Bank In Maysan Was Arrested And Seized 131 Million Dinars

Posted On 06-20-2024 By Sotaliraq   The Federal Integrity Commission announced the implementation of an operation during which an employee at a government bank in Maysan Governorate was arrested for seizing an amount of 131 million dinars from one of the bank’s customers.

The Authority said in a statement that “the Authority’s Maysan Investigation Office formed a working team from its staff,” explaining that “the team that moved to the Agricultural Cooperative Bank / Maysan Branch was able to execute an arrest warrant for one of the employees because he, in collaboration with other employees of the bank, seized more than From (131) million dinars from a customer’s account in the bank.”

The authority added in its statement that “the process of withdrawing the amount from the customer’s current account at the bank took place without his knowledge, after forging his signatures and seizing his funds deposited for the accused’s account, in conjunction with other employees,” noting that “the process was carried out in accordance with the provisions of Article (316).” of the Penal Code.”

She confirmed that “a formal arrest report was prepared for the operation, and it was presented with the accused to the judge of the investigative court competent to look into integrity issues in Maysan to issue the appropriate decision.”  LINK

A Reality That Cannot Be Hidden Behind... Everything About The Secrets Of Electricity And Its “Chronic Disease” In Iraq

Baghdad today - Baghdad   Every summer season, Iraqis get used to facing the deterioration and failure of the electrical sector in Iraq, and while the matter was often justified by the lack of fuel and the interruption of Iranian gas, the deterioration of supply this season compared to the previous season increased the “puzzle” about the secret behind the deterioration of electricity, especially since gas Iranian production continues and current production is greater than last year's production, but the level of processing has declined.

"Baghdad Today" interviewed the current Undersecretary of the Ministry of Electricity and the former Acting Minister of Electricity, Adel Karim, about the secrets behind the deterioration of electrical equipment, and his speech was not devoid of "pessimism", and the reality imposed by the language of numbers that cannot be escaped or hidden behind.

Karim said in an interview with "Baghdad Today", "There are many reasons behind the poor quality of electricity supply, the most prominent of which is our inability to keep up with the increasing demand," noting that "the improvement in the living conditions in Iraq has caused the demand to increase annually by two thousand megawatts."

He explains, "In the past, the Iraqis relied on refrigerants, which at best did not draw more than 3 to 4 amps, while currently, due to the improvement in the living condition, they rely on splitters and refrigeration devices that consume about 12 amps."

Karim adds, “Iraq’s current production amounts to more than 25,000 megawatts, while the demand this year amounts to 50,000 megawatts to provide Iraqis with electricity for 24 hours,” noting that “the shortage amounts to 25,000 megawatts, meaning that the demand is twice the production.” currently".

He talks about starting a very ambitious program represented by building thermal, combined and gas stations and repairing the stations that were damaged in the battles of the terrorist ISIS.

While all of these problems are not new, but rather old, Karim adds, regarding the direct cause behind the latest crisis during this summer, by saying: “It came because of the distribution networks, as the feeders began to operate beyond their capacity, as the feeder previously had a load of 5 megawatts. But due to urban development, expansion, and building construction, nutrients began to be unable to keep up with this expansion, and we now have major problems with these nutrients.”

In addition, he points out that “at the beginning of summer, many units and lines were disconnected due to high temperatures, and we had many of these problems.”

Regarding the impact of summer, Karim explains, “In the times of the spring and autumn equinox, our need ranges between 11 and 14 thousand megawatts only, but in the summer it jumps to 50 thousand megawatts.”

Karim does not blame the citizen alone for using “splits,” noting that “climate change plays a major role in the expansion of the use of air conditioning devices, as Iraq is the fifth country most affected by climate change around the world.”

The Undersecretary of the Ministry points out that the delay and non-approval of budgets in 2020 and 2022, and the absence of investment budgets, led to a delay in the Ministry’s plans to keep pace with demand and stopped many projects to increase production, in addition to the ISIS war, as the terrorist organization caused Iraq to lose approximately 6 thousand megabytes. Watts of production, but now work is underway in Baiji, Anbar, and the thermal stations in Mosul, Akkaz, and Kirkuk.”

Regarding the crisis of the fuel needed to operate the stations, which is gas, Karim explains that Iraq is a country rich in liquid fuel, so the trend is now towards building thermal stations, not gas, and in the coming years they will enter service, which contributes to production not being affected if the imported gas stops.  LINK

Jacobson, “Professor” Romanowski... A Clear Expression Of A “New American Strategy” In Iraq - Urgent

Baghdad today – Baghdad  Today, Wednesday (June 19, 2024), political affairs researcher Muhammad Ali Al-Hakim revealed the most prominent tasks of the new American ambassador to Iraq, Tracy Jacobson, during the next phase, confirming the existence of a new strategy for the American administration in the country .

Al-Hakim said in an interview with “Baghdad Today” that “the tension and attraction between the new American Ambassador Extraordinary in Iraq, Tracy Jacobson, on the one hand, and the factions, on the other hand, confirms the existence of a new strategy for the American administration in Iraq, and Jacobson is of higher rank and experience than Romanowski (the current ambassador) and will be.”

Ambassador extraordinaire, meaning she has the freedom to make decisions without referring to Washington, and she also has the right to conclude agreements in the name of the state.

Specifically, Jacobson served in the White House and also contributed to drawing important strategies related to American national security and the president’s decisions. She is considered a mentor to former American Ambassador Romanski in terms of Work, experience and powers assigned to it.”

He explained that "Washington's goal to appoint such an ambassador, in this sensitive circumstance, carries with it many hidden and encrypted messages and connotations that will become clear little by little in the Independent, the most prominent of which is targeting armed factions and curbing the parties that stood in opposition to the Iraqi governments and that targeted American interests and to limit their activities in the region." Specifically in Iraq."

He added, "Washington also wants to limit the activity of armed factions externally, which have become a source of nuisance to the Israeli entity, as well as target Iranian interests in Iraq, the real supporter of the factions, and completely stop Iranian activity and target Iran's allies in order to be a card for US President Biden to maneuver with during the US elections."

 After the normalization card between Saudi Arabia and Israel, as well as the peace process and the two-state solution (Israel and Palestine) in the near future, have disappeared.”

The speech of US Ambassador Tracy Jacobson, who will soon be appointed to Iraq, sparked a governmental and political reaction because of its “determination” to overthrow Iranian interests in the country, starting with energy and ending with support for armed factions.  LINK

Provoking Thoughts and Points To Ponder On Adversity:

I think my biggest achievement is that after going through a rather difficult time, I consider myself comparatively sane. I'm proud of that.  - Jacqueline Kennedy Onassis

To be tested is good. The challenged life may be the best therapist.  - Gail Sheehy

I think hearts are very much like glasses - if they do not break with the first ring, they usually last a considerable time.  - L. E. Landon

Your first big trouble can be a bonanza if you live through it. Get through the first trouble, and you'll probably make it through the next one.  - Ruth Gordon

Calamity is the test of integrity.  - Richardson

The secret of a leader lies in the tests he has faced over the whole course of his life and the habit of action he develops in meeting those tests.  - Gail Sheehy

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

http://famousquotesandauthors.com/quotes_by_topic.htm

Giving Your Kids a Living Inheritance? Why It Might Be Necessary With Today’s Cost of Living

Giving Your Kids a Living Inheritance? Why It Might Be Necessary With Today’s Cost of Living

Cynthia Measom   Tue, June 18, 2024

Depending on their goals, wealthy parents or grandparents may opt to give a living inheritance instead of waiting until they die to pass on their assets.

Dana Blue, Esq., an experienced estate planning attorney at Dana Blue Law, explained that a living inheritance — also known as an accelerated inheritance — means giving some of your money or assets to your family while you’re still alive, rather than waiting until after you’re gone.

 “It’s like helping them out when they need it, whether it’s for buying a house, starting a business or paying for education,” she said.

Understanding more about why a living inheritance may be helpful to your loved ones and its pros and cons helps you decide if it’s the right choice for your financial planning.

Are More People Opting To Give a Living Inheritance?

“In my job as an estate planning attorney in Philadelphia, I’ve noticed more families considering this option lately,” Blue said. “With today’s high costs of living and uncertain economic times, many people see it as a better way to provide financial support when it can make the most difference. It’s about directly impacting and easing financial worries during important milestones.”

“Several factors contribute to the growing necessity of living inheritances today,” said Marty Burbank, an expert in estate planning and elder law and owner of OC Elder Law. “One key reason is the rising cost of living and education expenses that younger generations face. Additionally, witnessing their descendants benefit from their financial support and ensuring that assets are transferred tax-efficiently are strong motivators for benefactors.”

Why Might a Living Inheritance Be More Necessary Now?

To Read More:

https://www.yahoo.com/finance/news/giving-kids-living-inheritance-why-130019103.html

News, Rumors and Opinions Thursday AM 6-20-2024

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 Report as of Wed. 19 June 2024

Compiled by Judy Byington

Predicted Timing of Events: (Opinions and Rumors)

On Sun. 9 June 2024 Saudi Arabia refused to renew the US Inc. Petrodollar Contract

Wed. 19 June 2024 Dinar Revaluation: Iraqi PM Sudani announced on Iraqi TV that before the end of the holiday on Wed. 19 June, that Iraqi citizens will have their new exchange rate, including access to the new ATM’s and the lower denominations. The Dinar Revaluation was the Kingpin that would set off a Global Currency Reset to gold/asset-backed currencies for 209 Sovereign Nations.

On Sun. 23 June 2024 the US Dollar would devalue, paving the way for a Global Financial Crisis according to a Banker.

~~~~~~~~~~~

Global Currency Reset: (Rumors and Opinions)

Wed. 19 June 2024 Wolverine: “Now you all know why it has started guys.

Bond holders are getting paid and I’m very sure that either today or tomorrow those notifications for Tier4b (Us, the Internet Group) will be coming out. …I received a message from Zurich that it started a while ago. For us in Tier 4B we are to get it this week.”

Also I like to take a chance to thank Phil, Dr Kia Pruitt and above all Nancy Drew for bringing us all the live videos from Facebook on what’s happening in Washington as she was our RV reporter that broke the story.

~~~~~~~~~~~

Mon. 17 June 2024 RV Highlights Holy Ground Chat:

From Bond Banker Contact in Brazil: The Pentecostal Group is a group above the currency holders. It was notified in Dec. 2023 and finalized in Jan. 2024. I’ve not heard from them since they were on their way to the airport for payment.

The St. Germaine and Rodriguez Trusts have been open for some time and paying the country’s debts, which is NESARA/GESARA.

Dubai 1 and Dubai 2 have been paid.

The Farmer’s Claims started Dec. 23 2023.

Global Bond movement did not start until Jan. 2024.

Global Bond payments started March 2024.

The Whales, the huge Bond Holders have seen 1% in their QFS Accounts for a year or longer. They were not able to have access to the money until March 2024.

The GCR has started and continues. Now we as currency holders have to wait for our payout, which is not far behind.

MarkZ stated that he had heard that the 1% for the Whales, for the Historical Bonds, had been funded. I have received three other confirmations of that. Just because they are funded does not mean that the actual individuals have the money in their hands/accounts as it goes into a Escrow Account and they have to work with the Paymasters to prove that they don’t have any financial situations that need to be resolved, or are criminal (problems), but they have been funded that 1% and said that the back wall was the 15th of June. And it was the 15th of June. They adhered to that date.

Someone else said that he had heard that when it got to that point, that we were still two weeks out from that point.

Another person said they had heard 48-72 hours from that date of June 15th.

We are in the window right now. That would be the first opportunity for any notifications to come out, but it could also be two weeks.

I’ve also heard from a couple of high sources that there is supposed to be a big party on July 4.

~~~~~~~~~~~~~

Tues. 18 June 2024 MarkZ: “Sources close to the US Treasury seem to be clouding the timing, telling different groups different things. …I’m getting information on some really weird things that are going on. People with good credit and good incomes are having their loans not approved. I got from many sources in Reno that Sat. 15 June 2024 evening they released 1% to Bond Holders. That should kick off a cascade event.”

Mon. 17 June 2024 TNT: “Over the weekend the old ATM’s in Iraq were emptied out by the CBI, replaced with new machines, and loaded with the new, lower Dinar denominations. On Mon. 17 June 2024 Sudani announced on Iraqi TV that before the end of the holiday, which was Wed. 19 June, that the Iraqi citizens will have their new exchange rate and access to the new ATM’s and the lower denominations.”

Read full post here:  https://dinarchronicles.com/2024/06/19/restored-republic-via-a-gcr-special-update-as-of-june-19-2024/

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

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

Mnt Goat   Do they have to RV to make the budget work?  If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars.  If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries?  ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.

Frank26  [The new ATMs] are everywhere now.  It's not hundreds, it's not thousands, it's tens of thousands of  them.  They are everywhere that an Iraqi citizen can walk to.  They are at their hookahs...mosques, barer  shops...street..banks...corners, they're everywhere...There's going to be a massive rush going into the banks.

Walkingstick  $4.9 billion for a pipeline in the budget...Didn't you say it was 6.5 billion dinars?  'Yeah.'  And you're saying it equals $4.9 billion? 'Yeah.'...They told the world...6.5 billion IQDs is equivalent to $4.9 billion...6.5 divided by 4.9 it comes out to 1.32 or $0.76...You don't have to think anymore after this...That's billions to billions not trillions to millions.  That's a rate change...You're telling the world this.

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

The System Is Coming Apart | Gregory Mannarino

Liberty and Finance:  6-19-2024

The mainstream media and public institutions continue to spread lies and distractions, says Gregory Mannarino 

The current financial system is coming apart, he notes, and the banking system is in full blown crisis mode.

The whole financial system is being consolidated, he argues. The government is allowing certain institutions to fail to the benefit of larger corporations.

He discusses how to remove yourself from the propaganda and protect yourself from the crisis that's upon us.

INTERVIEW TIMELINE:

 0:00 Intro

2:00 Lies and distractions

20:00 Dependency and illusion of freedom

29:19 Getting back to basics

https://www.youtube.com/watch?v=xT0TYYiY4Ws

Frank26 Wednesday Night Conference Call 6-19-2024

KTFA

Wednesday Night Conference Call

Welcome to my UB2B channel!  HCL, ATM’s and more……..

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=aWx080E6xTY

Iraq Economic News and Points To Ponder Wednesday Evening 6-19-24

Iraq Economic News and Points To Ponder Wednesday Evening 6-19-24

Parliamentary Finance: Iraq Needs To Be Liberated From Oil Power In The Field Of Revenues

 June 12, 2024  Baghdad/Iraq Observer   Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, confirmed that although Iraq possesses all the elements that enable it to  advance its economy and   liberate itself from oil power in the field of revenues,  it lacks unity of decision and vision in the field of directing the economy to its correct destination.

Al-Kadhimi told Iraq Observer,  “There is a major imbalance in the Iraqi economy.

If we continue to rely on oil as the country’s sole resource, as approximately 90% of the country’s revenues are derived from it, then this dependence is not guaranteed, given that the oil wealth is not stable in price in global markets, in addition to “The wise countries are moving towards non-oil revenues.” He added,   “There are already steps taken by the government,  but they are not at the level of ambition to increase revenues, including encouraging internal industry and agriculture.

 Also, the fact that the border crossings remain without control, especially those in the Kurdistan region, is one of the most prominent reasons behind the faltering of the internal industry, as the national product remains without protection from the government.”. He continued,

"The increase in non-oil revenues, customs, border crossings, taxes, and all services provided by the Ministry of Electricity and other service ministries must be offset by these huge amounts spent on the ministries, revenues that strengthen the state's balance and treasury in light of the annual budget, in addition to initiatives to support the private sector and investment that... “It would attract and absorb large numbers of labor.” He pointed out that

  “Iraq has the qualifications to start with non-oil revenues,

 but the system that the economy has followed since 2003 and

     what was imposed by the occupation and the

     destruction of the infrastructure of most factories and the

     failure to solve the problem of electrical energy until now

is considered the main obstacle to the launch of the private sector in the various fields that support The Iraqi economy is important and essential revenues.” He concluded by saying,

 “An example of this is what happened currently in self-sufficiency in wheat, and

the wheat crop has now reached 6 million tons of production for this year, but

in return it cost the government approximately more than a trillion dinars, considering that the government took the initiative to buy a ton at a rate of 150 thousand dinars in support of farmers, while in   If it is imported, it reaches the governorates at a price of 400 thousand dinars.

 Therefore, the issue of reforming the Iraqi economy requires a

      government decision,

     parliamentary support, and

     support from the political blocs, in addition to

     understanding from the popular bases.  

https://observeriraq.net/المالية-النيابية-العراق-بحاجة-الى-الت/    

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace, And We Have Invested About Two Billion Dollars

Money  and business  Economy News _ Baghdad   The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir said in an interview with the Iraqi News Agency, followed by “Al-Iqtisad News,” that “the work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest nearly two billion dollars in a wide range of sectors,” indicating that “our work in Iraq will extend out of our belief in future prospects.”

"For Iraq, the pace of economic reform will accelerate, and this will reflect positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sector."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services. Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.”

For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.” 240 views  Added 06/18/2024 - https://economy-news.net/content.php?id=44398

Iraq Is Second In The Arab World To Produce Hydroelectric Power

Hydropower   Energy Economy News – Baghdad  Iraq ranked second among the largest Arab countries with the largest hydropower capacity in operation, according to recent data issued by the Global Energy Monitor platform.

The total hydropower capacity in operation in 7 Arab countries (Egypt, Iraq, Sudan, Syria, Morocco, Lebanon, and Algeria) is more than 10.2 gigawatts.

Egypt topped the list of Arab countries with the most operational hydroelectric capacity, reaching 2,778 gigawatts, and in second place on the list was Iraq, with a capacity that stabilized at 2,436 gigawatts, followed in third place by Sudan, with a hydroelectric capacity of 1.85 gigawatts.

Fourth, Syria ranked on the list of Arab countries with the most hydroelectric power capacity, with an operating capacity of 1,585 gigawatts, and Morocco came in fifth place, with a capacity of 1,395 gigawatts.

Lebanon also came on the list with an operational hydroelectric capacity of 0.108 gigawatts, and finally Algeria ranked on the list of Arab countries with the most hydroelectric capacity, with a capacity of 0.100 gigawatts.   Views 95  06/19/2024 - https://economy-news.net/content.php?id=44424

Stability In Dollar Exchange Rates In Baghdad, Basra And Erbil

Wednesday 19, June 2024 12:24 | Economical Number of readings: 327   Baghdad / NINA / The exchange rates of the dollar against the Iraqi dinar witnessed stability today, Wednesday, in Baghdad, Basra, and Erbil.   Below is a list of dollar selling prices:

$100 = 147,000 dinars in Baghdad

$100 = 146,800 dinars in Basra

$100 = 147,000 dinars in Erbil./End 9

https://ninanews.com/Website/News/Details?key=1133156

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

Provoking Thoughts and Points To Ponder On Adversity:

As there is no worldly gain without some loss, so there is no worldly loss without some gain.... Set the allowance against the loss, and thou shalt find no loss great.  - Francis Quarles

Never complain about your troubles; they are responsible for more than half of your income. - Robert R. Updegraff

A problem is a chance for you to do your best.  - Duke Ellington

Emergencies have always been necessary to progress. It was darkness which produced the lamp. It was fog that produced the compass. It was hunger that drove us to exploration. And it took a depression to teach us the real value of a job.  - Victor Hugo

Many men owe the grandeur of their lives to their tremendous difficulties.  - Charles Haddon Spurgeon

It is often hard to distinguish between the hard knocks in life and those of opportunity. - Frederick Phillips

Fire is the test of gold, adversity of strong men.  - Marcus Annaeus Seneca

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

http://famousquotesandauthors.com/quotes_by_topic.htm

7 Biggest Cash Withdrawal Mistakes I See People Make Every Day

I’m a Bank Teller: 7 Biggest Cash Withdrawal Mistakes I See People Make Every Day

Madeline Duley   Tue, June 18, 2024

If you have a bank account, you’re likely familiar with the process of withdrawing cash, depositing checks and handling bills. While these might seem like basic tasks, there are a few common mistakes that are easy to make when carrying out these seemingly simple financial transactions.

Find out from a bank teller if you’re making these seven common cash withdrawal mistakes — and learn how to avoid them.

Getting Bills Too Large

Although efficient and compact, large bills aren’t as versatile as you might think.

“One mistake I often see is taking out large bills to spend at local businesses, because most won’t accept them because businesses are worried about fraudulent bills,” said Haley West, head teller at Kohler Credit Union.

The usability and convenience of smaller bills are well worth the annoyance of carrying around a thicker stack of cash.

Requesting Brand New Bills

There’s nothing more appealing than fresh, crisp bills, especially when you’re giving cash as a gift. However, requesting brand-new bills might have frustrating consequences.

“A mistake members make is requesting brand new bills as they are sticky and members tend to come back thinking that we shorted them or they gave too much when they purchased because the bills were stuck together,” West said.

Neglecting To Balance Accounts

Life gets busy and it can be hard to stay on top of account balances. An easy mistake to make is withdrawing cash from an account with inadequate funds.

“A staggering 19% of all payments in 2020 were cash transactions,” said Oliver Brifman, business insurance and financial services expert at eMerchant Authority. “Yet, many customers withdraw without checking their balance, leading to overdraft fees. Always check your balance before a withdrawal to avoid the plunge into overdraft territory.”

Rushing

When you are in a rush or distracted, it’s easy to make mistakes.

 “Based on my time as a bank teller, I learned firsthand how easily little mistakes can happen with cash transactions if you’re not careful,” said Steven Kibbel, former bank teller and now a Certified Financial Planner and financial advisor at Prop Firm App. “When people are rushed or distracted, they often make the mistake of miscounting bills, mixing up denominations or neglecting to double-check important details on checks.”

To Read More:

https://www.yahoo.com/finance/news/m-bank-teller-7-biggest-160040491.html

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Palisades Gold Radio:  6-19-2024

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy.

Danielle argues that while concerns over countries moving away from the US dollar system have been ongoing for a long time, the US dollar remains dominant in global transactions due to its vast liquidity pool and lack of competition.

She advises investors to diversify during financial crises instead of doubling down on dollars. The conversation touches upon the Federal Reserve's actions, with Danielle expressing concerns about potential policy errors regarding inflation and outdated data usage.

Danielle discusses employment statistics, mentioning that hard data from the Quarterly Census of Employment and Wages (QCEW) plays a significant role in revisions to non-farm payrolls and Gross Domestic Product (GDP).

 She expresses concern over the Fed's reliance on outdated data and potential late action.

The conversation also covers concerns about risks for regional banks, rising bankruptcy rates, and imminent student loan delinquencies. She also discusses signs of a potential recession, including slowdown in credit card spending, increasing charge offs, and decreasing employment levels.

 Despite some optimistic predictions, she express skepticism due to the weak economic foundation and the Fed's role in combatting inflation with varying opinions on its likelihood.

Time Stamp References:

 0:00 - Introduction

0:45 - Dedollarization Trends

2:47 - Global Dollar Trade

5:49 - Reserves and Data

 8:57 - Fed & Global C.B. Cuts

10:49 - Fed & 2024 Elections

12:55 - Consumer 'Health'

 13:58 - Fed Revisions & Data Lag

 19:44 - Bankruptcies & Inflation

23:44 - Problems Not Priced-In

25:27 - Regional Banking Risk

28:47 - Bigger Banks & Losses

 32:52 - Credit Card Spending

 34:52 - Deep Long Recession

 37:40 - Fed - Hard Landing

38:55 - Inflation Targeting

41:09 - Wrap Up

Talking Points From This Episode

- The US dollar's dominance in global transactions is due to its vast liquidity pool and lack of competition.

- Investors are advised to diversify during financial crises instead of relying on dollars. - Concerns over the Fed's policy errors, outdated data usage, and potential late action in addressing economic issues.

https://www.youtube.com/watch?v=RyDMGo3eUT8

More News, Rumors and Opinions Wednesday PM 6-19-2024

TNT:

Tishwash:  Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil

 The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil.  

 Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.” 

She added, “The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives,” noting that “approving the law would regulate the relationship between Baghdad, Erbil, and the oil.” -producing provinces.”

She continued, “There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law.”   link

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Tishwash:  “K” Company: The rise in electronic transactions develops the financial sector

The International Smart Card Company “K” described the rise in electronic transactions as a victory for the financial sector, which seeks to develop the financial sector.

An official source in the company said that government support and the Central Bank of Iraq had a positive impact on expanding the electronic payment base, which coincided with the company's plans aimed at continuously developing performance and benefiting from the global developments witnessed by the financial sector.

He added that the company's work team continues to provide performance and develop new services that suit the needs of customers, both companies and citizens.

He pointed out that the Iraqi market represents fertile ground that requires more effort, especially as there is a great desire to continue global developments in developing the financial sector.  link

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CandyKisses:  Shameless and unacceptable statements... Al-Sahhaf calls for restraining the American ambassador

Information / Baghdad.

 The spokesman for the popular legal movement, Mohammed Al-Sahaf, on Tuesday, rejected the US trusteeship over Iraq, calling on the government to rein in the new US ambassador Tracy Jacobson.

Al-Sahhaf said in a statement to the Information Agency that "the new US Ambassador Tracy Jacobson's provocative statements have floated a set of UN resolutions."

He added that "the intervention of the new Washington ambassador to Baghdad is negative and reprehensible and a clear interference in the affairs of a sovereign state," noting that "the Iraqi people reject the American trusteeship of Iraq."

"The US ambassador's statements are rude and unacceptable, and it is not the Iraqi people who are subject to US tutelage," he said.

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

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

Frank26   Article:   "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"  If you change the oil map, you change the exchange rate/the value of the currency of Iraq.  Quote:  "Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)"  I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive.  This article proves that there's a different rate in the budget...

Militia Man   Article:  "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"  Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion."  Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.(Real Effective Exchange Rate)

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

BRICS UPDATE: BRICS Bank Forum Signals Expansion of BRICS Lending Into Emerging Markets

Lena Petrova:  6-19-2024

https://www.youtube.com/watch?v=6xYsA4nOplU

Preparing for the Imminent Debt System Collapse with Francis Hunt

ITM Trading:  6-19-2024

Francis Hunt, also known as the Market Sniper, discusses the ongoing financial collapse and the importance of investing in gold. He explains how the U.S. dollar's strength masks underlying issues in the debt markets and why gold is a safe haven.

Hunt uses diagrams to illustrate the complexities of the financial system, highlighting the dangers of holding U.S. treasuries and the significant accumulation of gold by major players like China.

He warns of an impending collapse and advocates for physical gold as protection against systemic failure.

https://www.youtube.com/watch?v=WV1gLiyOiHU

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-19-24

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-19-24

Good Afternoon Dinar Recaps,

Vietnam transitions to a cashless society

Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.   VOV World    Twitter

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mBridge EVM compatible…

(Ethereum Virtual Machine)

Presentation from BIS

Innovation Hub showcase….

(Circa May 2024)

#XRP #XRPCommunity

~~~~~~~~~

Issue Date: June 14, 2024     File Number: S7-13-22 

Rulemaking: Special Purpose Acquisition Companies, Shell Companies, and Projections Corporation Finance
 
Status: Final Rule: Special Purpose Acquisition Companies, Shell Companies, and Projections; Correction

Today, the SEC registers the Final SPAC Rules. SPAC stands for Special Purpose Acquisition Company. SPAC is a company that raises money in an Initial Public Offering (IPO) to acquire a private company and take it public.

SPACs are also known as blank-check companies that provide money for startup companies preparing to offer new technologies (digital assets) on the QFS.   The registering of this final rule will enable many technological advances to begin and be placed on the QFS.

Here comes liquidity for our new tokenized assets.  SEC    KPMG

© Goldilocks

~~~~~~~~~

What is a SPAC? | Barrons

~~~~~~~~~

Today the Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) concluded that newer IMF policy areas such as governance, social spending, digital money, climate change, and gender are leading to “serious” challenges, including overburdening staff. That’s because the expansion of activities beyond its traditional areas has happened with “limited resources and expertise”, including a more or less flat budget in real terms. However, the Board approved each of the expansion areas.   Ledger Insights   IEO   IMF

👆 Do you see an urgency here?

~~~~~~~~~

Putin arrives in North Korea, vows to boost cooperation and fight sanctions — Radio Free Asia

~~~~~~~~~

This direct trade in local currencies was not only aimed at expanding bilateral trade to $100 billion under their free trade pact but also meant to develop a mechanism and ecosystem of directly dealing in two currencies. It was presumed to cover around 20-25 per cent of trade in local currency initially. However, the first deal that happened in Indian rupee-UAE dirham was an oil deal. | RFA

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Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure

Sunandar, Director of Information Technology and Risk Management at IDX said: “With this trading system and technology infrastructure upgrade, we envisage becoming more competitive and staying attractive for both domestic and international investors. We believe this partnership will speed up the modernization advancement of the Indonesia capital market while supporting sustainable economic growth.” | Financial Post

~~~~~~~~~

As we approach the elections, the markets are going to start showing their true colors. Bank mergers will increase as we leave behind the old Financial System and move into a new Digital Economy.

China and Russia have sold most of their US bonds. Now, we are witnessing the beginning stages of Japan doing the same. China and Japan have been huge Bond holders of the US debt instrument. And now, Japan wants to begin selling their bonds for Bitcoin. I bet you didn't see that coming. 😂


Many of the US Banks are holding a significant amount of unrealized debts that will go against their banking net worth. Our Government has been attempting to swap out many of these maturing bonds with new bonds holding a higher rate of return.

This still doesn't look like it is enough so far to balance the unrealized debt holdings our banking system currently has on their books.

This will create a downward pressure on the US dollar going forward. It will begin the process of leveling the playing field with other currencies around the world.

The banks that survive into the next economy will be those who are Basel 3 compliant. The road ahead will be bumpy as we activate new digital mechanisms through tokenized assets that will form a bridge to the new economy.

Europe is further along than the rest of the countries in the completion of their MICA regulations. Look for them to transition through the sale of their own bonds into digital assets and gold.

The US may not be far behind. And the BRICS system, let's just say the Global South is about to rise. Bitcoin Magazine

© Goldilocks

"Japan's Norinchukin Bank to sell US$63b of US, European govt bonds to stem losses" | The Edge Malaysia

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