More News, Rumors and Opinions Friday PM 6-21-2024

KTFA:

Clare:  Al-Moussawi: Election of a new speaker of parliament will accelerate the legislation of the oil and gas law

6/20/2024

Member of the Parliamentary Oil Committee, Zainab Al-Moussawi, announced the election of a new Speaker of Parliament who will expedite the legislation of the oil and gas law.

Al-Moussawi told {Al-Furat News} that: “Until now, there are no indications from the Sunni blocs to agree on a candidate for the presidency of the Iraqi parliament, due to the {Sunni-Sunni} differences and the splits that occurred within the Taqadum Party headed by Muhammad al-Halbousi.”

She pointed out that "in the event of a Sunni agreement, the vote will take place immediately after the end of the legislative term holiday, as the Shiite and Sunni political blocs are ready to vote."

Al-Moussawi confirmed, “The vote of members of Parliament on choosing a new candidate for the presidency of the Council will accelerate the approval of the suspended laws, including the oil and gas law, as the law within the committee is largely mature.”

Ragheed   LINK

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Clare:  IBBC Spring Conference 2024
The Mansion House, London

2 July 2024

IBBC’s (Iraq Britain Business Conference) 15th Anniversary Conference: Iraq’s ‘Opportunities and Insights’

This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special reports and white papers for reform, and encourages the government of Iraq to modernise its systems and ministries to accommodate International best practice within Iraq.

‘Insights and Opportunities’ reflects the evolution of the Iraq economy and the mechanics and reforms that the country is undertaking, as the largest forum for discussion of Iraq’s challenges and opportunities.

About the Conference:

Opening the conference the President of the Confederation of British Industry (CBI) Mr Rupert Soames OBE will give 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.

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. Dr Mohammed Shukri, Chairman of the Kurdistan Investment Board, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim, Deputy Minister of Electricity, KRG ministers and keynote address from Alderman Barr, The Rt Hon the Lord Mayor’ Representative, The Rt Hon Lord Howell of Guildford andBaroness Nicholson of Winterbourne, IBBC President.

Delegates will hear the latest report from Professor Frank Gunter on Foreign exchange and banking reforms the impact of dollar controls and how this might resolve, and to hear directly from Government minsters, including the Deputy Governor of Iraq’s Central Bank, Dr Ammar H. Khalaf, on the procurement opportunities across key sectors, such as agriculture, education, finance, transport, and regional development at special roundtables including for KRG and finance. H.E. Mr Asaad Al Eidani, Governor of Basrah, will be joining a panel and special Basra roundtable, as will Kurdish ministers at a KRG roundtable, chaired by Mr Jonathan Wilks, Oxford Centre for Islamic Studies

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 Energy Panel, which see the big players in energy policy and practice including Eng Adil Karim, Deputy Minister of Electricity; 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 Hassan Heshmat from Hydro-C and Mr Ellis Renforth from Wood Plc

Yet transport is also set to boom, in both the ports and the dry canal project due to link Basra to Turkey with 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 member Mr Tugrul Titanoglu, CJ-ICM; and Mr Steve Alexandar, Sardar Group, will inform us of these changes and the evolution of electronic and port management systems already in place (see our ’23 report on ports here).

While these insights ensure everyone is better informed, there is always a significant networking and coming together of businesses and old friends and acquaintances. A reception the night before will celebrate not only IBBC’s 15 years, but also offer informal networking among delegates, speakers and founder members in the Mansion House 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.

We are certain there will be big demand for tickets, so please register soon to avoid missing out. Join with us and share the insights and opportunities that a modern and stable Iraq now offers.  LINK

Billuke:  Iraq can't go here on a program rate........imo

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

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

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PROOF That The 2024 Economic COLLAPSE Is Coming

Atlantis Report:  6-21-2024

It’s clear now: the economic collapse of 2024 is not just a possibility; it's an imminent reality. The downturn in the financial sector has already begun, with regional banks experiencing significant failures, which is a sign of more widespread economic distress.

The regional banking sector has been hit hard in recent times. Last year saw the collapse of notable banks such as Silicon Valley Bank, Signature Bank, and First Republic Bank.

These collapses were not isolated incidents but rather a chain reaction, indicating systemic vulnerabilities.

The domino effect continued with the fall of Silvergate Bank and Heartland Tri-State Bank. Their combined $440 billion in assets made this the largest collapse since the inception of the FDIC, Federal Deposit Insurance Corporation.

 Due to a series of bank failures, the FDIC faced significant challenges. To cover the losses, it had to use a large part of its insurance funds.

This raises a crucial question: How much money does the FDIC have left to handle future collapses? The answer is worrying: not much.

When you look into the FDIC's current financial status, it's clear that it's fragile, raising concerns about how it will handle further banking crises.

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

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the Big Call tonight. It's Thursday, June the 20th  and you’re listening to the Big Call  with call, I'm going to welcome everybody to the day, which is known as the summer solstice, the longest day of the year. We thank you for tuning in, wherever you're located around the globe. Thank you being here. Thank you for being part of the Big Call Universe. And it's the SAT team, satellite team, which has helped us to get this signal out to so many listeners all around the globe, So welcome and we thank you

All right, let's see, Bob, what's our time hack for right now?  10:07 Roger that, well, let's get into where we were and where we think we are right now. We… sigh …..

By the way, I've got to put out a fire right away. Someone has brought up the idea of a structured pay out – There are no structured pay outs -  That was a concept years ago that came out by the deep state to make you think you were not going to have access to your money or something restricted like that, that's total BS. There's no such thing as a structured pay out -  doesn't apply. We're going to have access to all of our funds within 30 to 90 days - there's no structure to that. Just so you know

Now there was somewhat of a structure with some of the tier two and tier threes that were super whales, with access to their funds - but it's not really an issue either for them. Tier three and tier three have not been notified either. The bondholders, the bond sellers, they have not received notifications that they have access to their accounts. Not yet. They're waiting like we are .

Now, for most part, what we've been hearing is that the rates, for example, on these currencies that are going up in value, the rates finally solidified over the last couple of days, at least, we've heard on screens, but not telling us what these rates are right now, we don't have that – we know they were trading.  - They had some pretty good numbers, but we know now that they're trading upwards exponentially, if you know what exponential means, that's moving in a very fast direction, and I think exponential might be an exaggeration -  but they are definitely moving up – up – up -- until they settle in to where they want those rates to be for us

And we've known what the rates are supposed to get to for months now, and I don't have any problem, I believe that that's what they're going to do and where they're going to be.

In the meantime, what has happened is today, redemption center staff went in for three hours for one and then three more hours for another one. In case the numbers came through today. They did not come in today.

So redemption center, Chief, if you will, was said for them to come back in tomorrow, instead of three hours at a clip, four hours at a clip, and they would overlap by one hour. That's good.

And so what that means is we're looking for the toll free numbers to come out possibly tomorrow. Now there's nothing absolute about that, but I want us to have our faith  ready to believe and to receive those toll free numbers if, in fact, they do come out tomorrow. We know that there's a lot going on behind the scenes.  Onfe of our bankers - Wells Fargo said, Just hang in there. This was said yesterday, just hang in there a couple more days.

Well, couple more days. It'd be Friday. That's tomorrow, so maybe that's when they manifest. Maybe that's when the rates come in, and that's when the toll free numbers for us come out in our emails.

I think that it's very possible that we get this tomorrow, and through the weekend, we're setting appointments and exchanging

We know that a lot is supposed to be happening this coming week. And I mean politically, I mean, with NESARA - a lot, a lot of things are set to happen. I don't really want to get into the political side of it that much, but believe me, the tide has turned  in our favor.

 Finally. It has moved to where now  things can occur that we thought would happen months ago, months and months ago. They're waiting for the perfect time. The opportunity, opportune moment, to bring this Information out to us which will be most beneficial to the country and to us as a whole –

So I'm excited about what we have, where we're going, where we are now, and I feel like you know when this goes and when We have the numbers and when we're setting the appointments, we will be able to look back at years of waiting and say, it was worth it.

That's what I'm looking forward to - Sue is always telling me to look forward, don't look back. Let's look into the future, the present and future, which is now, and believe what we want, what we need, to believe about our future and put it out there --

So let's do this.  Let’s pray the call out everybody have a great weekend

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24   REPLAY LINK   Intel Begins   1:02:10

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK6c

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24  REPLAY  LINK     Intel Begins   1:01:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKgp

Bruce’s Big Call Dinar Intel Thursday Night 6-13-24   REPLAY LINK   Intel Begins   1:09:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK1x

Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24   REPLAY LINK   Intel Begins   1:02:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKS4

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24   REPLAY LINK   Intel Begins   50:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKjC

Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24   REPLAY LINK   Intel Begins   56:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKab

Bruce’s Big Call Dinar Intel Thursday Night 5-30-24   REPLAY LINK   Intel Begins   1:04:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvs0

Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24   REPLAY LINK   Intel Begins   1:08:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvJi

Bruce’s Big Call Dinar Intel Thursday Night 5-16-24   REPLAY LINK   Intel Begins   1:09:09

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvym

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Good Afternoon Dinar Recaps,

"Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.

* Stablecoin issuers are the world's 18th biggest holders of U.S. debt.

* Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law.

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow."

👆 Look for a stablecoin regulation to move into high gear now due to the above article information.

What are stablecoins backed by? You got it. Commodities.    CoinDesk

© Goldilocks

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Folks, Are you paying attention?
Owing to new European Union rules on stablecoins, we will no longer support the following assets from July 1st 2024:

DAI
FRAX
GUSD
USDP
TUSD
USDT
We'll continue supporting USDC, EURC and PYUSD

Wow !!!!

Why are these crypto stable coins being removed from uphold ?

Well it’s because they simply aren’t stable !

Remember MICA ?

MiCA establishes a framework for crypto-assets in the EU, covering their issuance, trading, offering, and custody. It also includes rules for stablecoins, licensing requirements for CASPs, and consumer protection measures. Some of the rules that will apply on June 30, 2024 include:

• Stablecoins  Only credit institutions (banks) and electronic money institutions (EMIs) will be able to issue stablecoins, promote their purchase, and request that trading platforms list.

• Crypto custodians  Crypto custodians are liable to their clients for the loss of crypto-assets or access to them if the incident is their fault

Big Dog 

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"In a market economy, a country's currency value is determined by supply and demand, just like other goods and services. When demand for a currency increases, it appreciates, or becomes stronger and more valuable. When demand decreases, it depreciates, or becomes weaker and less valuable." | Investopedia

"Yes, economic activity, including market interest rates, gross domestic product, and unemployment rate, can affect exchange rates. These rates are often called market exchange rates and are set in the global financial marketplace by banks and other financial institutions. Exchange rates can change hourly or daily, and can be small or large shifts." | Investopedia

I thought I would give you an idea of what's happening with Vietnam when they go to a Market Economy. Just so you know, supply and demand will determine their new exchange rates when they change their monetary policy to move into a Market Economy.

Both the United States and Russia have recently signed a Comprehensive Strategic Partnership with Vietnam. These two countries recognize Vietnam's capacity to step up to the plate, and into, a higher level playing field with their economies along with all the rights and privileges that go with it.

In a previous article, we were told that Vietnam would make this transition by the end of July 2024. The Investor   English News

© Goldilocks

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Hong Kong Announcement:

"Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations"

This article is an advertisement of what Hong Kong offers going forward on their international market exchange locally and cross borders.

They offer the full arrangement of a regulated cryptosystem capable of using stablecoins worldwide.

Hong Kong has the ability to trade in multi-currency accounts through cryptos fully regulated in their financial system.   CoinGeek

© Goldilocks

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A New Era in Iraq's Relations with the West?

"Amid growing pressure to dissolve the coalition and withdraw troops, the United States and its partners should continue pursuing good relations with Baghdad -- but this time with a lighter footprint and increased regional cooperation."

Currently, Iraq has a "mixed economic system" with aspects of it that is private and many parts of it regulated and governed by the government.

They are currently in transition and expected to meet goals to reclaim their independence as the year goes forward.

Expectations from previous articles state that they are to become their own market economy by the end of the year.

Their move towards independence as a nation and less guidance from government bodies outside of their own is currently in process.  Iraq Business News   Washington Institute

© Goldilocks 

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Supreme Court decision upholds Trump-era tax on offshore earnings - The Washington Post

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Revolutionizing Voting Systems Through Blockchain Innovations |  Smart Phone Magazine

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Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy growth.

And with the advent of instant payments, the first new domestic payments rail in half a century, there is a new — and better — way to pay in the U.S.A. | Pymnts

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The Rising Economy Of Vietnam | Asia's Next Emerging Powerhouse? | Youtube

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Coin Gape

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Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance – Altcoins Bitcoin 

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Cryptocurrency 2024: SEC Enforcement, State Regulation, and the Need for Clarity | Youtube

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BREAKING NEWS:  Changes in the Developing Road Project #iraq  | Youtube

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America is in “A Bad Place”; Gold Can Restore Its Prosperity Says Trump Fed Nominee | Youtube

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Crypto 101: What is a Node? | Youtube

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Is It Too Late To Get Into Crypto? | Youtube

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Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Friday 6-21-2024

TNT:

CandyKisses:  Movement to activate the road agreement and the Chinese belt

Baghdad - Iraq Today:

The head of the parliamentary rights bloc, Saud Al-Saadi, renewed his call on the government to speed up the implementation of the Chinese Belt and Road Agreement, while revealing the collection of 60 deputy signatures to activate the Chinese agreement.

Al-Saadi said in a press interview that "the Belt and Road Initiative occurred in the time of successive governments and was a prelude to linking Iraq to the Chinese Belt and Road Initiative."

He added that "the Belt and Road Initiative to ensure Iraq's strategic and economic projects, pointing out that the agreement was procrastinated in the time of the Al-Kazemi government," pointing out that the current government is obligated to activate the agreement with China and link Iraq to the Belt and Road Initiative.

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CandyKisses: During the Eid holiday. 3 northern governorates receive more than 320,000 tourists

Economy News - Baghdad

During the Eid al-Adha holiday, resorts and tourist areas in the governorates of Erbil, Sulaymaniyah and Halabja received more than 320,000 tourists, while statistics on the number of tourists who went to Dohuk were not yet available.

According to information and statistics from the Directorate of Tourism in Sulaymaniyah province, "more than 120,000 tourists visited the province and its tourist areas, most of whom are citizens of central and southern Iraq."

Compared to the same time last year, the percentage of tourists to Sulaymaniyah increased by about 20,000 tourists.

For its part, the responsible authorities in Erbil province announced that "117,421 tourists went to the province during the Eid holiday," noting that "54 felonies and 51 misdemeanors were recorded."

As for the province of Halabja, the Directorate of Tourism announced that "84 thousand and 176 tourists went to the province, for the purpose of tourism and vacation, and 40 violations and warnings were recorded by the inspection and control committees," noting that "there were no unfortunate incidents during that period, and the Eid plan was successfully applied, in terms of receiving tourists and creating the appropriate atmosphere for them."

The concerned authorities in Dohuk province did not announce statistics after tourists flocking to the governorate and its tourist areas during the Eid al-Adha holiday.

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CandyKisses: Parliament calls on government to send important laws that affect people's lives

Baghdad - Iraq Today:

The MP for the State of Law Coalition within Radi called on the government to expedite the sending of the law on the salary scale of employees because of its importance in achieving social justice.

Radi said in a press interview that "there are important laws that the government still has waiting to be sent to the House of Representatives in order to legislate them during the current parliamentary session."

"The House of Representatives called on the government to send bills that serve the government and citizens, including the Federal Court Law, the Oil and Gas Law, the Slums Law and other laws," he said.

Radi expressed his "hope that the government will send important laws as soon as possible in accordance with the government program presented by Prime Minister Mohamed Shia Al-Sudani," stressing that amending the salary scale law has become necessary.

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Tishwash:  Sudanese Advisor: We have prepared a comprehensive plan to combat corruption and recover funds

Today, Friday, Advisor to the Prime Minister for Oversight and Integrity, Muayyad Al-Saadi, confirmed today, Friday, the existence of a comprehensive plan to combat corruption and recover smuggled funds, while stating that Prime Minister Muhammad Shiaa Al-Sudani provided unlimited support to recover the funds and wanted persons.

Al-Saadi said, “Prime Minister Muhammad Shiaa Al-Sudani paid great attention and daily follow-up to anti-corruption measures, and worked in different directions,” noting that “teams were formed to receive news and reports about corruption, follow up on them, uncover them, and refer them to the Integrity and Public Prosecution Commission for the purpose of holding violators accountable, prosecuting them, and recovering the money.” 

He continued, "Among the trends that have been focused on is the periodic evaluation through semi-annual and annual reports through the regulatory agencies that follow up on the procedures of ministries and governorates in the field of combating corruption on a daily basis, as well as the issue of digital transformation and the procedures of the unified storage system for the purpose of controlling, following up and knowing funds." Balances and their movement,” noting that “all of these measures serve to combat corruption.”

He added, "The Prime Minister provided unlimited support to the Integrity Commission, the Financial Supervision Bureau, and law enforcement agencies, in order to recover funds and fugitive fugitives by providing all facilities," noting, "The procedures resulted in bringing in the fugitive defendants and depositing them with law enforcement agencies for the purpose of issuing special rulings." “With them.”

Al-Saadi pointed out, “There is a fund to recover the former regime’s funds, which operates according to its own law,” stressing that “a lot of money has been recovered, most recently from Swiss banks, where it was deposited in the Central Bank.”  link

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MotL Taaaaaaaaaaaaaaaaahhhhh -- Daaaaaaaaaaaaaaaaaaahhhh !!!!!

CandyKissses:  GOTTA GET MY LIFE TOGETHER

Coffee with MarkZ and Mr. Cottrell 6-21-2024

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

Member: HELLO AND GOOD MORNING MARK AND THE CREW

Member: June 21,1788 US Constitution Ratified.

Member:  wish we had a dollar for every time we heard “real close” “almost there” “hang on” “maybe this next week” keep your “vibration high” we wouldn’t need the RV

Member: I woke up to messages from many people losing hope today Mark, help me out and give the people a bit of hope today.

Member: The PTB want us to give up hope. They want us to quit…don’t let them win.

Member: Well, Another weekend here ….maybe this is the one we have been waiting for.

MZ:” In Iraq news: “KBR wins $46 million dollar contract to support sustainable development in Iraq “ This is actually more exciting then you think. This is an American engineering firm that was just awarded this 5 year options to support infrastructure  and energy ambitions. This is a long term contract and they are moving forward with these mega projects.

MZ: What do they need to do these mega projects that they want to start immediately?  They need a heck of a lot more money than the current rate will support. To me this is a big one.

MZ: It has moved beyond the planning phase and is in the execution stage. For it to be executed it needs dollars…and we certainly think we know where those dollars are coming from.  

MZ: Another one that I think is exciting: “First Direct Flights between Erbil and London” This is real international cooperation. Erbil is wealthy in oil.. We have been told to keep eyes on the Erbil region.

MZ: Lots of chatter coming from bonds again after about a week’s lull.. Suddenly there is a flurry on this front. When I get my first confirmed bond payment – I hope to be able to share it. Things seem to be looking for this weekend or possible the first on next week for that bond activity. .   

Member: It’s always been said that bonds have to go first! Soon all this nonsense will stop!

Member: Talk of the HCL being voted on after the EID holiday. That should be the last piece of the puzzle for Iraq. The wait is no longer years, months, or weeks. Should be down to days now.

Member: Venezuela is in the process of joining BRICS. Will this slow down the RV?

MZ: I do not believe it will slow the process. If anything it could speed things up…imo

Member:  My local Chase bank just added to their front glass door “Wealth Management”….., Imagine that!

Member: My BANK said they're "upgrading this weekend-- and how much we'll like the change"!!!

Member: Well….if banks think something big could happen June 23rd…..we should all watch for it.

Member: Remember Marks military said things may happen for us by July 4th…..praying that still is true.

Member: today is a good day to have a great day

Member: You never know when a moment and a few sincere words can have an impact on a life.

Mr. Cottrell  and CBD Gurus join the stream today.. Please listen to the replay for their  information and opinions.

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...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

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.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=A4L4B0pXIf8

Iraq News Highlights and Points To Ponder Friday Am 6-21-24

Iraq News Highlights and Points To Ponder Friday Am 6-21-24

Parliamentary Committee: Amending The Investment Law In The Next Legislative Term

Time: 06/21/2024 Read: 78 times  {Economic: Al-Furat News} A member of the Parliamentary Investment Committee announced the committee’s intention to amend the Investment Law.

Muhammad Al-Zayadi told {Al-Furat News} agency, "There is no investment in the country due to the lack of clarity in the investment law, which constitutes a major problem, but after the end of the legislative recess, the committee will work on amending the investment law."

He added, "The political situation has nothing to do with the law because it is related to the service aspect, and the goal of amending the law is to be at the level of moral investment in the country."

It is noteworthy that the Parliamentary Investment Committee justified its effort to amend some investment laws in order to attract foreign investments and capital because some paragraphs of the laws related to investment conflict with sustainable development in Iraq, including the Investment Law, the Companies Law, and others.   Ragheed   LINK

With anticipation for the opening of stock exchanges, dollar prices maintain their rise

Posted On06-21-2024 By Sotaliraq   The dollar exchange rates are still maintaining their rise before the advent of Eid al-Adha and its close, amid great anticipation for the opening of the stock exchanges next Sunday, to know the level of the new prices.

In Erbil, the buying price of the dollar by exchange office owners was 146,650 dinars per 100 dollars, while the selling price was 146,750 dinars per 100 dollars.

In Baghdad, the dollar exchange rates exceeded 147 thousand dinars for every 100 dollars.

These prices were higher than the prices of previous weeks, as the exchange rate was less than 145 thousand dinars per 100 dollars. LINK

https://www.sotaliraq.com/2024/06/21/%d9%85%d8%b9-%d8%aa%d8%b1%d9%82%d8%a8-%d9%84%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad-%d8%a7%d9%84%d8%a8%d9%88%d8%b1%d8%b5%d8%a7%d8%aa-%d8%a7%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7/

Between Oil And Debt: Iraq Faces The Challenges Of The Budget Deficit

June 21, 2024  Baghdad/Al-Masala Al-Hadath: The budget deficit for 2024 in Iraq constitutes a major challenge and reflects the gap between government revenues and expenditures, which imposes pressure on the national economy and leads to an increase in public debt.

Iraq relies on oil revenues as a main source of financing the budget. As oil prices fluctuate, it becomes difficult to predict revenues accurately.

Iraq resorts to borrowing to finance the deficit, which increases the size of public debt and negatively affects the cash reserves of central banks.

Economist Nabil Al-Marsoumi revealed the risks of the budget deficit for the year 2024, amounting to more than 64 trillion dinars.

Al-Marsoumi said in a blog post followed by Al-Masala, “The budget deficit amounted to 64.025 trillion dinars, as the revolving balance in the Ministry of Finance’s account reached 1.571 trillion dinars.”

He continued, “The increase in the selling prices of exported crude oil amounts to 16.607 trillion dinars,” noting that “remittances deducted from the legal reserve of government banks are equal to 5 trillion dinars.”

He added that “loans from government banks amounted to 3 trillion dinars,” noting that “the discount on treasury transfers at the Central Bank of Iraq amounted to 20.041 trillion dinars.”

He pointed out, “National bonds are worth 5 trillion dinars, and total internal borrowing reached 33,041 trillion dinars, and external loans amounted to 12,806 trillion.”

He stated, “Many observations were made regarding the budget deficit, including a decrease in the Ministry of Finance’s revolving balance from 23 trillion dinars in the 2023 budget to 1.571 trillion dinars in the 2024 budget.”

Al-Marsoumi added, “It has been observed that there is a heavy reliance on internal and external borrowing to finance the budget deficit, which exacerbates the size of internal debt, especially which currently stands at 79 trillion dinars, in addition to its negative impact on the cash reserves of the Central Bank of Iraq and other Iraqi banks.”

He concluded that “there are three sources in financing the budget deficit, which are deficit financing, internal and external borrowing, and the revolving balance of government accounts,” noting that “using the expected increase in oil revenues amounting to 16.607 trillion dinars to finance the budget deficit is something new because this increase is supposed to be added.”

The expected oil revenues. In this case, the budget will have been built on the assumption of exporting 3.5 million barrels per day at a price of $83 per barrel instead of $70, which is a non-conservative price and full of risks for two reasons.

The first is that Iraq’s oil exports are less than 3.5 million barrels per day due to OPEC+ restrictions. The second is that The high price of oil adopted by the budget is unrealistic and very optimistic, which may expose the budget to other imbalances as a result of these two assumptions not being met.” https://almasalah.com/archives/92260

Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices?

Money  and business   Economy News – Baghdad   Today, Friday, economic expert Mahmoud Dagher explained the reasons for the failure of Iraq's financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output and pressuring spending, especially operational.

Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy, and there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports, and I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.”

He added: "If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The first is direct and is the result of the Central Bank’s sales rising to 300 million dollars per day to cover imports."

He pointed out, "The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion."

The economic expert stated, "The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel."  06/21/2024 - https://economy-news.net/content.php?id=44468

World Bank: Spontaneous Gas Combustion Associated With Oil Production Is Rising

Arab and international  Economy News - follow up  A World Bank report revealed on Thursday that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years.

With only six years remaining to achieve the World Bank's goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period.

Natural gas is usually produced from oil exploration, and some companies choose to burn this gas instead of capturing and storing it because providing the necessary infrastructure to deal with it is not commercially viable.

The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 and 2022, and added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable and there is a need to take urgent action.” ".

Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere.

Nine major oil-producing countries account for 75 percent of gas flaring and 46 percent of oil production.

These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria and Mexico, according to the order of the quantities of gas burned.

The report stated that Algeria and Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya and other countries.

The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data.

Views 102  06/20/2024 - https://economy-news.net/content.php?id=44445

Provoking Thoughts and Points To Ponder On Adversity:

Men habitually use only a small part of the powers which they possess and which they might use under appropriate circumstances.  - William James

It is the north wind that lashes men into Vikings; it is the soft, luscious south wind which lulls them to lotus dreams.  - Ouida

It is grief that develops the powers of the mind.  - Marcel Proust

Unless a man has been kicked around a little, you can't really depend upon him to amount to anything.  - William Feather

Troubles cured you salty as a country ham, smoky to the taste, thick-skinned and tender inside.  - Marge Piercy

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

http://famousquotesandauthors.com/quotes_by_topic.html

News, Rumors and Opinions Friday AM 6-21-2024

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 Fri. 21 June 2024

Compiled Fri. 21 June 2024 12:01 am EST by Judy Byington

Global Financial Crisis:

Thurs. 20 June 2024: The international monetary system collapsed in 1914, 1939 and 1971. 2008 tested the system but central banks delayed the inevitable with QE. Now they are eating losses. A collapse often signifies the rebirth of a new system. So many signals represent we are getting closer:

– More trade in local currencies
– Gold being stockpiled
– CBDCs
– Hot conflicts around the world
– BRICs getting bigger
– The Western financial system being weaponized

It would be easy to continue to go on. This is what happens when the foundation shakes. https://t.me/USDebtClockAmerica

Thurs. 20 June 2024: EXPOSED: NESARA GESARA Initiatives Reveal the Fall of Corrupted Banks, Stock Market Collapse, and Deep State Corporations in the Vatican – American Media Group (amg-news.com)

~~~~~~~~~~~

Global Currency Reset: (Rumors/Opinions)

Thurs. 20 June 2024 Bruce:

The currencies going up in value finally solidified in the last couple of days – but we don’t know what they are. They were trading upwards and they are now trading exponentially but they are moving UP UP UP to where those rates are supposed to be for us and I do believe that is what they are doing.

Today the Redemption Center Staff went in for a couple of hours but the numbers never came today. Tomorrow Fri. 21 June (Summer Solstice) they are going in for overlapping hours – and that would allow for our numbers if indeed they do come out tomorrow.

Yesterday a banker said – “Just hang in there a couple of more days” and so that would have been a couple of days and that would be Friday – so I think we could get this tomorrow and through the weekend.  

~~~~~~~~~~

Thurs. 20 June 2024 Wolverine: “Ok the new rates should be posted today (Thurs. 20th June) in Iraq and expecting funds to be released either today Thurs. or Fri. 21 June in the USA. Let’s hope it happens as we cannot keep going like this as too many people are hurting. …Conference Call: “It’s looking good.”

Wed. 19 June 2024 Intel Guru Frank26:  [The new ATMs] are everywhere in Iraq 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, bars shops… street.. banks… corners, they’re everywhere… There’s going to be a massive rush going into the banks.

Read full post here:  https://dinarchronicles.com/2024/06/21/restored-republic-via-a-gcr-update-as-of-june-21-2024/

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

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

Mailman17  Some gurus state that Iraq has to have more than oil to export to be on par with Kuwait. Every export Kuwait has is from oil..oil, gas, alcohol etc..all made from oil. Iraq has all that and then some. Oil, gas, sulphur, dates, gold and a few more. Do not compare Kuwaiti exports with Iraq..Iraq wins hands down and has more of it..food for thought.

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.

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

BREAKING NEWS: Changes in the Developing Road Project

Edu Matrix:  6-21-2024

BREAKING NEWS: Changes in the Developing Road Project …Exchange Rate 6/19 $1.00 = 1310.52

https://www.youtube.com/watch?v=GsT3X9_2coI

BANK AUDITOR WARNS: $525 BILLION in Bank Losses Threaten Banks Already On Edge of a Massive Crisis

Lena Petrova:  6-20-2024

https://www.youtube.com/watch?v=uScGwA-rvwc

MilitiaMan: Iraq Dinar - IQD - Capital Economy - Olympics - 3 Presidencies - Activate Silk & Development Roads

Iraq Dinar - IQD - Capital Economy - Olympics - 3 Presidencies - Activate Silk & Development Roads

MilitiaMan and Crew:  6-21-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

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

Evening News with MarkZ and Dr. Scott Young. 06/20/2024

Evening News with MarkZ and Dr. Scott Young. 06/20/2024

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

Member: Good Thursday evening to all.

Member: Good evening, hopefully Mark has something good for us tonight!

Member: Are We “R. V ing “ this weekend Markz ??

MZ: There is a lot of crazy anticipation again…..stay calm…but it’s been a weird quiet news day….almost like the whole world is waiting.  

MZ: I am hearing the markets are going to be very interesting the next few days.

MZ: As far as RV related stuff….this came from more than one direction today. And it was suggested that I be very cautious with details –especially on Historic bonds….and any closes on groups. For safety and security and not to put people on any unnecessary roller coaster. But I am sure the dinar boards will be sharing some of it.

MZ: I am going to be very judicious with what I share for the next short bit . For individuals security, my security, the processes security….

MZ: If there is something I feel has meaningful impact on us as to what we can expect  ect…or if there is any kind of slow down – I will let you know that.

MZ: There are a lot of specifics I would love to share with you all so you would have the same warm and fuzzy feeling that I do.

MZ: If things are good and moving great I am just going to stay upbeat and focused on the fundamentals. That  They are squeezing hard to protect things at this point shows me I need to take things seriously.

Member: We are cool with your being quiet so as not to delay the RV any more. Thanks Mark and lets go RV!!!

Member: (From Dinar Guru) 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.

MZ: That is what MilitiaMan and I were talking about today . …but I still expect higher than $1.32….but I could be wrong. But I think this is the worst case scenario and I think it’s fantastic. And very exciting.

Member: You can clearly see the two sets of books in action in Iraq.

MZ: EXACTLY….and now they will transition to one set of books.

Member: The true rate isn’t going to show for the public until after we RV..imo. That’s why there is so many cloaks and daggers.

Member: Wolverine is very Giddy & emotional with the news he's getting

Member: Iraqi Dinar Set for Potential Surge Amid Bold Economic Reforms and Global Investor Interest!

Member: Everyone stay positive. Thoughts become things.

Dr. Scott Young joins the stream tonight. Be sure to listen to the replay for his information and opinions.

FAKE ACCOUNTS ARE USING MARK, KOUKLA, AND OTHER MODS' NAMES ON TELEGRAM & YOUTUBE TO SCAM PEOPLE. YOU ARE HERE BECAUSE YOU HAVE COMMON SENSE, SO DON’T TAKE THE BAIT FROM IMPERSONATORS!!

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

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.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

https://www.youtube.com/watch?v=t-7benRFzSY

110 million people from Asia Joining BRICS: What next?

110 million people from Asia Joining BRICS: What next?

Fastepo:  6-20-2024

Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa.

 The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024.

This expansion aims to enhance the bloc's economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.

As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.

The Malaysian economy is projected to grow by 4-5% in 2024, driven by resilient domestic expenditure and a diversified economic base

. Malaysia has successfully transitioned from a commodity-based economy to one with robust manufacturing and service sectors.

The Thai government has implemented measures to boost liquidity and economic growth, including a proposed $102 billion budget to revive the economy.

These measures aim to stimulate domestic demand and support economic recovery.

Malaysia is on track to achieve high-income status between 2024 and 2028, reflecting sustained economic transformation and development. This progress is supported by a low unemployment rate and significant strides in poverty reduction.

Additionally, Malaysia’s strategic geographic location and strong geopolitical relationships enhance its trade capabilities, particularly in electronics, automotive, and palm oil production. Thailand’s robust trade relationships with major economies like China and India position it as a key player in regional and global markets.

Exports to these countries include a wide range of products such as automotive parts and chemicals, showcasing Thailand's diversified export base.

In this video, we will examine how the inclusion of Malaysia and Thailand will create mutual benefits for both these countries and the existing BRICS nations.

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

7 Reasons You Shouldn’t Keep More Than $3,000 in a Checking Account

I’m a Bank Teller: 7 Reasons You Shouldn’t Keep More Than $3,000 in a Checking Account

Laura Beck  Thu, June 20, 2024

Many people simply leave a large chunk of money in their checking accounts and let it sit there. But is that the best move? Probably not. GOBankingRates spoke to Rachael P., a seasoned bank teller who had seen it all when it came to customers’ banking habits. She knew firsthand the pitfalls of keeping too much money in a checking account and was always ready to offer tough financial advice when needed.

Here are the seven reasons why a bank teller advised against keeping more than $3,000 in a checking account.

No Interest Earned on Larger Balances

The number one reason Rachael disliked seeing huge balances in checking accounts was the complete lack of interest earned. “Why would you keep $10,000 just sitting there doing nothing?” she asked. Checking accounts are meant for money that will be spent in the short term, not for larger sums that could be earning interest elsewhere.

Easier Access Makes Frivolous Spending More Likely

Rachael had noticed a clear correlation between the size of a customer’s checking account balance and the amount of frivolous spending they do. “It’s like having a milkshake in front of you 24/7 — you’re going to keep taking sips whether you need them or not,” she said. Separating out larger sums makes it psychologically harder to dip into funds earmarked for other purposes.

You Lose Out on Opening Bonuses

Many banks offer lucrative bonuses of $200 or more just for opening new checking or savings accounts and maintaining a minimum balance. But if you already have a large checking account balance, you miss out on the ability to cash in on these deals. “Why leave money on the table?” Rachael asked. “That bonus could go right into investments.”

Your Money Isn’t as Safe as You Think

For all the security surrounding banks, a checking account balance only has $250,000 of FDIC insurance if the bank fails. Any amount over that is not protected. By keeping an excessively large sum in a checking account, customers were needlessly putting their money at risk. “Write that number down and decide if it’s worth it,” Rachael said.

No Opportunity for Compounding

“The miracle of compounding only works if your money is actually invested and earning returns,” Rachael shared. By leaving large amounts of money in checking accounts, many people were depriving themselves of decades of potential growth. Even a simple high-yield savings account could earn a customer hundreds — if not thousands — more per year than a standard checking account.

To Read More:

https://www.yahoo.com/finance/news/m-bank-teller-7-reasons-130007632.html

Iraq Economic News and Points To Ponder Thursday Afternoon 6-20-24

Iraq Economic News and Points To Ponder Thursday Afternoon 6-20-24

An Invitation Is Sent To The Sudanese... Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply

Energy  Economy News – Baghdad   Member of the Parliamentary Energy and Electricity Committee, Kamel Al-Ugaili, on Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity from a lower position, while holding production, distribution and maintenance companies responsible for the collapse in electricity supply in Baghdad and a number of provinces.

Al-Ugaili said in an interview followed by Al-Iqtisad News, “Poor planning and management and the selection of incompetent figures to manage production, distribution and maintenance companies are behind the decline in electricity processing hours.”

He added, "The electricity problem has become noticeably recurring, so we call on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity personally and from a lower position, while making changes for officials who are negligent in performing their work."

He pointed out that “poor planning and bad management are one of the reasons for the collapse of the electricity system in Baghdad and a number of governorates,” pointing out that the capital, Baghdad, has been witnessing for days a sharp decline in energy supply.  https://economy-news.net/content.php?id=44425

Oil Prices Varied During Early Trading

Thursday 20, June 2024 11:12 | Economical Number of readings: 331  Baghdad / NINA / Oil prices rose in Brent crude futures in early trading, today, Thursday, while US crude futures fell due to the possibility of rising oil inventories in the United States.

Brent crude futures for August delivery recorded an increase of eight cents, reaching $85.15 a barrel, while US West Texas Intermediate crude for June delivery fell by 27 cents, reaching $81.30 a barrel.

Figures from the Petroleum Institute were The American newspaper showed that US crude inventories rose by 2.264 million barrels in the week ending June 14, while gasoline inventories decreased./End 2

https://ninanews.com/Website/News/Details?key=1133253

Al-Sudani Congratulates Iraq For Ranking First In The Arab World And Seventh In The World In The Times Sustainable Development Rankings

Thursday 20, June 2024 19:23 | Political Number of readings: 244

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani blessed Iraq’s ranking first in the Arab world and seventh in the world in the Times Sustainable Development Rankings.

Al-Sudani said in a blog post on the X website: We congratulate Iraq for ranking first in the Arab world and seventh in the world in the Times Sustainable Development Classification, in terms of the number of universities participating in the 2024 edition, which witnessed the competition of 2,152 universities from 125 countries.

He added: What has been achieved confirms the success of the government’s vision and its supportive approach to achieving comprehensive quality in higher education, openness to advanced educational systems in the world’s universities, and developing the level of performance in line with the goals of sustainable development.    https://ninanews.com/Website/News/Details?Key=1133325

Economic Determination Of “Bubble” Real Estate Prices In Baghdad.. What About Selling A Square Meter For “26 Thousand Dollars”?

Money  and business  Economy News – Baghdad  Today, Thursday, economic expert Mustafa Hantoush identified the “bubble” real estate prices in the capital, Baghdad, and while he confirmed that some real estate properties are “clear money laundering” operations, he touched on the sale of some real estate for 26 thousand dollars.

Hantoush said in an interview with Al-Iqtisad News, “Some real estate in some areas of the capital, Baghdad, are clear money laundering operations, that is, an attempt to buy real estate for any amount, after it was stolen from the state,” stressing that “The Central Bank of Iraq confirmed that 500 million dinars “It will be a real estate buying and selling event.”

He added, "The bubble prices of real estate in upscale areas, and in light of money laundering, I believe that their prices reach between 12 and 16 thousand dollars. As for the price of 26 thousand dollars, perhaps it refers to commercial real estate or those that are located in commercial streets," ruling out "the existence of real estate in The capital, Baghdad, reaches this large amount.”

Earlier, the Parliamentary Integrity Committee confirmed that the price per meter in Mansour and Karrada rose to 26 thousand dollars. 06/20/2024 - https://economy-news.net/content.php?id=44434

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

Provoking Thoughts and Points To Ponder On Adversity:

The fiery trials through which we pass will light us down in honor or dishonor to the last generation.  - Abraham Lincoln

Our trials are tests; our sorrows pave the way for a fuller life when we have earned it.  - Jerome P. Fleishman

Times of general calamity and confusion have ever been productive of the greatest minds. The purist ore is produced from the hottest furnace, and the brightest thunderbolt is elicited from the darkest storms.  - Charles Caleb Colton

The habits of a vigorous mind are formed in contending with difficulties.  - Abigail Adams

A diamond is a chunk of coal that made good under pressure.  - Anonymous

A clay pot sitting in the sun will always be a clay pot. It has to go through the white heat of the furnace to become porcelain.  - Mildred W. Struven

It is the surmounting of difficulties that makes heroes.  - Kossuth

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

http://famousquotesandauthors.com/quotes_by_topic.htm

More News, Rumors and Opinions Thursday Afternoon 6-20-2024

KTFA:

Clare:  National Bank of Iraq

@NBIraq:  بخطوات بسيطة هسه تكدر تودع فلوسك من خلال اجهزة الصراف الآلي بكل سهولة

TRANSLATION:    With simple steps, you can now deposit your money through ATMs with ease

CLICK THE LINK TO WATCH THE VIDEO ABOUT THE ATM's https://x.com/NBIraq/status/18.....1991153862

Ryan1216:    We have to be EXTREMELY CLOSE to a rate change now that money can be deposited into ATM’s. IMO. What do you think Clare?

Clare:   IMO, WE ARE EXTREMELY CLOSE. THE LAST FEW UB2B'S SHOW THAT. DID YOU CATCH WHAT EDDIE'S FRIEND SAID LAST NIGHT?  "AT ANY MOMENT" IT COULD BE POSSIBLE.

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

Clare: KBR wins $46m Contract to Support Sustainable Development in Iraq

19th June 2024   By John Lee.

American engineering firm KBR has announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development.

Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects.

Focus areas of KBR expertise supporting the ministry, who interface with all ministries and formations in the Iraqi government, will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management.

This contract, which encompasses a comprehensive range of planning and development services, will further elevate the significant role KBR is playing in the development of Iraq's energy sector - working closely with various ministries to identify, design and implement critical projects aimed at enhancing the country's economic and social landscape.

KBR's focus on innovation and sustainability will be integral to delivering the ambitious development plans, aligning with Iraq's long-term vision for growth and environmental stewardship.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, said:

"This is a great example of KBR utilizing its growing global capabilities to support regeneration and sustainable growth of a nation. We are proud to further our partnerships in country, where we are already helping make our customers' ambitious plans a reality. With our deep expertise in engineering and energy solutions, KBR is well positioned to help our valued customers meet their energy security and sustainability objectives."

KBR will support delivery from its global locations, in addition to expanding its well-established footprint in country through the creation of an operational office in Baghdad and the wider prospect of building an engineering design center to enhance the skills of Iraqi engineers. LINK

BuckEyeTree:  More good news for Iraq with KBR, an American company, establishing an operational office in Baghdad.

Also, the ATM tutorial about ability to make deposits into the ATMs is not only a convenience for Iraqis, but IMO another way for the CBI to collect 3 zero notes that may be in the dinar mattresses.

IMO in the coming days, Iraqis will be able to withdraw the lower notes as soon as they are released with new rate. Just waiting whatever comes next.

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

Militia Man  Article:  "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.  Implementing such a decision is likely significantly increase Al-Sudani's popularity."  That was March 11, 2024.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate.  Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320.  Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. FRANK:  They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.

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Tax Scenario for Exotic Currency & Crypto Profits

Edu Matrix:  6-20-2024

Tax Scenario for Exotic Currency & Crypto Profits: Many of you say you want an RV; however, if it were to happen tomorrow, many of you would not be ready.

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

Housing Market CRASH Early Warning Signs

Taylor Kenny:  6-20-2024

As the housing market teeters on the edge of instability, signs of trouble loom large despite record prices and dwindling inventory.

With echoes of the 2008 crash, risky financial practices like 0% down payment loans resurface, threatening to ensnare vulnerable buyers in a web of debt and foreclosure.

Against a backdrop of economic slowdown, rising inflation, and banking sector vulnerabilities, the looming specter of a market crash underscores the urgent need for safeguarding wealth with tangible assets like gold and silver.

https://www.youtube.com/watch?v=r64afXyQ6lA