Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-02-24

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-02-24

Good Morning Dinar Recaps,

CANARY CAPITAL LAUNCHES FIRST U.S. HBAR TRUST FOR INSTITUTIONAL INVESTORS

Canary Capital has introduced the U.S.’s first HBAR Trust, expanding crypto options for institutional investors.

This move offers institutional investors access to Hedera's HBAR, the native crypto of the Hedera network. The trust caters to accredited investors seeking exposure to advanced crypto investment strategies.

According to the company announcement, this is the first dedicated HBAR trust in the United States.

HBAR investment options
The Hedera network is a distributed ledger technology used by enterprises for various applications, such as tokenizing assets, issuing non-fungible tokens, and developing Web3 applications. This trust gives U.S. investors a structured way to invest in HBAR.

Steven McClurg, former co-founder of Valkyrie and founder of Canary Capital, emphasized the growing demand for crypto investment options beyond popular assets like Bitcoin. He noted that despite the interest, many institutional investors lack reliable options to invest in more innovative crypto projects.

“The accelerating demand for crypto offerings seems to be exponential since this year’s launch of Spot Bitcoin ETFs, yet there remains a gap regarding firms with institutional experience who are willing to continue to innovate and deliver solutions beyond retail products.” 
Steven McClurg

The Canary HBAR Trust addresses this gap, potentially paving the way for future crypto-focused investment funds such as ETFs. The trust is available for accredited individual and institutional investors, representing an opportunity for those looking to diversify their crypto portfolios.

Additionally, Canary Capital offers other crypto hedge fund solutions, targeting sophisticated and institutional investors seeking a blend of crypto and fixed-income strategies.

On Sept. 16, Hedera helped launch the MiCA Crypto Alliance with Ripple and the Aptos Foundation as founding members, aiming to help crypto firms navigate EU regulations, particularly the Markets in Crypto Assets regulation. The alliance focuses on improving transparency and fostering blockchain innovation.

@ Newshounds News™

Source:  Crypto News

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JAPAN CONSIDERS CHANGES TO CRYPTO RULES AS FSA LAUNCHES REVIEW: REPORT

The upcoming FSA review could drive reform in Japan’s crypto regulations, possibly paving the way for crypto ETFs.

Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules.

The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country.

Review to Evaluate Investor Protection
The news was first reported by Bloomberg, which quoted an unnamed official from Japan’s Financial Services Agency (FSA). According to the report, the review will measure how adequate the country’s current approach to crypto regulation has been under the Payments Services Act (PSA).

Initially enacted in 2009, Japanese lawmakers have amended the PSA several times to address the changes in the financial services landscape triggered by the emergence of digital currencies.

The act recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires crypto exchanges to be registered and comply with the country’s Anti-Money Laundering (AML) and Counterfinancing of Terrorism (CFT) obligations.

Furthermore, Japan’s Financial Instruments and Exchange Act (FIEA) also plays a key role in digital asset regulation, especially with regard to crypto derivatives transactions. 

The FSA wants to ascertain whether these rules have effectively safeguarded investors, given that Japanese holders mainly use cryptocurrencies as investments rather than for payments.

According to Bloomberg, such a move could lead to changes in the laws or even a reclassification of digital assets as financial instruments under the FIEA. If that were to happen, analysts suggest that not only would it improve investor protection measures, but it could possibly make it easier for the industry to negotiate for lower taxes on crypto.

Potential Reforms for Crypto Taxes and Security
The country’s stringent crypto rules were fashioned to protect against occurrences like the Mt. Gox hack and subsequent bankruptcy, as well as 2023’s FTX debacle from happening or adversely affecting local crypto holders.

Only recently, the crypto exchange DMM Bitcoin lost more than $300 million worth of BTC to hackers. The platform later stated that it would reimburse all users who lost their crypto in the attack and that it would acquire a proportionate amount of the stolen BTC.

In the aftermath of the attack, the FSA demanded that DMM Bitcoin provide the regulator with a business improvement plan by the end of October that would outline how it intends to protect customer assets in the future.

Japan has already made some concessions to its crypto tax requirements. In June 2023, its National Tax Agency published a partial revision of its corporate tax guidelines exempting companies issuing crypto tokens from paying a 30% levy on their holdings.

Prime Minister Fumio Kishida has also been leading the charge in promoting Web3, a future iteration of the Internet expected to be built around blockchain and utilize crypto. This has led to some of the largest corporations in the country, including Sony and Mitsubishi Bank, getting into the business.

@ Newshounds News™

Source:  Crypto Potato

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The Trigger Has Been Pulled | Youtube

The Economic Ninja breaks down the attack by Iran on Israel and the East Coast Port Strike.

@ Newshounds News™

Source:  

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🌍 BAM! Gold - Silver - Dollar Is this a shift? | Youtube 

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

Do This One Thing If You Can’t Afford a Financial Emergency Right Now

Do This One Thing If You Can’t Afford a Financial Emergency Right Now, According to Rachel Cruze

Nick Perry  Mon, September 30, 2024  GOBankingRates

A third of Americans say they cannot afford a $400 emergency expense in cash, according to research from Empower. That’s an astounding number that reflects the financial challenges most Americans are facing today. Unfortunately, life can be unforgiving, and just because you can’t afford a financial emergency doesn’t mean you might not experience one.

That’s why financial expert Rachel Cruze insists on the importance of an emergency fund. An expert at financial firm Ramsey Solutions, Cruze tells her more than 600,000 followers on Instagram that now is the time to start building an emergency fund.

Her No. 1 solution to prepare for a financial emergency is simple.

How To Build an Emergency Fund

Cruze’s biggest tip for building an emergency fund is to start selling things you don’t use. As she puts it, “Look around your house and think, ‘What crap do I have that I don’t use and that I don’t need?'” Turning those items you don’t want or need into cash will give you a buffer to pay off surprise debts like car repairs, medical bills or even semi-planned expenses like books for school or an increase in your phone bill.

Cruze notes that there are many things you can do to cut back on your spending, like picking up a side hustle or dining out less, but says, “Fast cash is what you need if you’re in that position [of not having an emergency fund].”

Some of the items Cruze recommends selling include:

Exercise equipment

TVs

Clothes

Shoes

With tools like Facebook Marketplace, Craigslist and Poshmark, it’s easy to turn the belongings you no longer want or need into cash.

How Much Should Your Emergency Fund Be?

Cruze notes in the caption of her post that a Ramsey Solutions study found that 34% of Americans have no savings at all. To gain a measure of financial peace, Cruze recommends selling enough items to secure a $1,000 cash emergency fund. That’s the first step to taking better control of your financial health.

4 Reasons To Have an Emergency Fund

TO READ MORE:  https://www.yahoo.com/finance/news/one-thing-t-afford-financial-120019524.html

Seeds of Wisdom RV and Economic Updates Tuesday Evening 10-01-24

Good Evening Dinar Recaps,

CRYPTO LAWS ARE COMING NO MATTER WHO WINS ELECTION: REP. TOM EMMER

Republican Majority Whip Tom Emmer laid out his top crypto legislative priorities for Decrypt, and explained why he thinks they’re likely coming sooner than many expect

The third-highest-ranking House Republican ascribes much credit for this rosy outlook to recent changes in tune on both sides of the aisle in Congress.

This spring, a substantial number of Democrats, including Senate Majority Leader Chuck Schumer, joined Republicans to vote to overturn an anti-crypto banking rule.

Days later, 71 Democrats including Nancy Pelosi voted to pass FIT21, a key crypto market structure bill.

Just last week, Emmer’s most senior adversary on the House Financial Services Committee, Maxine Waters (D-CA), told Punchbowl News that “crypto is inevitable.” Waters, for context, was a steadfast opponent of bills like FIT21 just months ago.

“That’s a momentous statement by Maxine,” Emmer said.

Why have so many Democrats changed their tune on crypto this year? Emmer thinks it comes down to electoral politics, and realizing that younger voters may be casting a ballot with crypto in mind.

“They saw that there’s this voting bloc, age 18 to 40, and [for] maybe one out of five of them… this is the issue they’re going to be voting on,” the congressman said.

While Emmer is now confident that crypto legislation is more or less inevitable, he maintains that Republican “trifecta” control of the House, the Senate, and the White House in 2025 would likely bring those laws into effect more swiftly than a Democratic-controlled government might.

If the Majority Whip was operating in such a dream scenario, he said he would prioritize three specific types of crypto-related bills for passage into law: a market structure framework like FIT21, his bill outlawing the creation of an American central bank digital currency (CBDC), and a bill to facilitate the creation of dollar-backed stablecoins anywhere in the world, so long as they meet certain criteria enforced by the U.S. Treasury Department.

Emmer thinks these laws, if enacted, would go a long way toward creating solid footing for American crypto firms and projects currently worried about regulatory uncertainty. The congressman balked, though, at the notion of going much further than such legislation.

“I have Republican colleagues in the Senate who [think] we’ve got to create a new regulatory department just to deal with crypto,” he said. “Be careful what you wish for. You do not want that.”

@ Newshounds News™

Source:  Decrypt

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CENTRAL BANK OF TANZANIA TO HOARD 20% OF TOTAL GOLD EXPORTS

The Central Bank of Tanzania will purchase 20% of all the gold directed for exports as the country prepares to diversify its reserves. The movement is seen as a reaction to the current acceleration of gold prices, with Tanzania aiming to amass at least 6 tones of gold this financial year.

Mining Regulator in Tanzania Enacts Directive to Retain 20% of the Gold Exports in the Country

Tanzania is set to increase its gold reserves as part of a move made by regulators to secure part of the gold produced in the country. 

A newly enacted law states that mining and trading firms will have to sell 20% of all the gold directed for exports to the Central Bank of Tanzania, which will seek to diversify and complement its reserves with this move.

The measure can be seen as a natural expansion of an already announced policy of buying gold from local miners using the national currency, the shilling. 

In 2023, Governor of the Bank of Tanzania Emmanuel Tutuba revealed that the bank had already purchased over 400 kilograms of gold, but sold it to increase its position in foreign currency.

The law, which will be in effect on October 1, indicates all the gold collected must be sent to two refineries: Eye of Africa Ltd and Mwanza Precious Metals Refinery Ltd. 

“All payments will be done according to the Bank of Tanzania arrangements,” the Tanzania Mining Commission stressed, without giving more details on the rates and prices miners will be paid. 

The goal is to purchase 6 tons of gold by this financial year.

Tanzania has been struggling with a lack of U.S. dollars and established restrictions on forex dealers to “foster macroeconomic stability and safeguard the stability of the financial system.” 

More recently, tourism authorities convened that all tourism fees must be paid in the local currency, incentivizing foreign tourists to exchange their dollars for shillings to support the country’s economy.

@ Newshounds News™

Source:  Bitcoin News

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Will ADA Price Reach $0.5 As Cardano Midnight Testnet Goes Live?

The long awaited testnet for Cardano privacy protocol Midnight Network is finally out, potentially setting ADA price for new rally

▪️Cardano Midnight testnet has gone live after months of development

▪️The testnet is only available to developers for now

▪️ADA price, down in downtrend may benefit in the long term

Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers.

The Cardano Midnight Testnet – Key Note To Developers
Cardano first introduced the Midnight Protocol as its privacy solution in 2023. Since then, the team has invested time in developing it in readiness for full rollout. As announced, the testnet will test out important features that can guarantee a stable Sandbox environment for the protocol.

With Midnight, developers will have the opportunity to build functional applications. While many alternative protocols exists that can offer this capability, with Midnight, user’s sensitive data are protected. The goals of the testnet are limited and it aims to create a simulation of a full mainnet launch.

To achieve this testnet function, the Cardano protocol said it “has expanded its capabilities and hardened the network’s codebase to reduce the need for regularly scheduled chain resets when upgrading.”

For developers who plans to participate in the testnet can help build applications in the sandbox environment. Beside this, they can help discover data protection capabilities, and influence the network. Ultimately, the overall enhancement will bolster Cardano as a protocol and ADA price in the long run.

How Will ADA Price Benefit?
When Midnight completes its testnet and finally goes live on mainnet, it is bound to enhance the appeal of ADA. Increasing demand from users may have a corresponding positive impact on ADA price.

As of writing, the price of the coin has nosedived and changing hands for $0.3543, down by 6.73% in 24 hours. This price fall is an not unexpected as the broader market has slipped into the bear zone lately. The fall has now derailed the positive streak of ADA price over the past week when the coin entered the top 10.

In reality, Cardano has entered the spotlight in no small way with the launch of Chang hard fork upgrade on the mainnet. While investors have not started pricing in the latest update as reflected in ADA price, the future appears bright for the coin.

Once this current price slump fades off, ADA price may retest the $0.5 mark. If the coin achieves this feat, it might chart a path for more rally ahead.

@ Newshounds News™

Source:   CoinGape  

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🌍 Christine Lagarde and Jon Stewart  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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5 Secrets About Money American Banks Don’t Want You To Know

5 Secrets About Money American Banks Don’t Want You To Know — Plus How To Beat Them At Their Own Game

Maurie Backman  Tue, October 1, 2024  Moneywise

As consumers, we rely on banks to keep our money safe and secure. They’re an essential part of our economy — but they’re also a profit-seeking business.

As much as banks are a mainstay of people’s personal finances, some of their practices aren’t exactly as transparent as they should be — and many Americans have caught on.

In fact, a 2023 study from the Associated Press-NORC Center for Public Affairs Research revealed that only 10% of U.S. adults have a “great deal of confidence” in banks and financial institutions, while 56% say the government is not doing enough to regulate the industry.

There are certain tricks banks employ to make money and protect their own interests — and these tactics aren’t necessarily general knowledge.

Here are a few of the biggest banking secrets you should know about.

1. Sneaky fees

From maintenance fees to overdraft charges, one of the main ways banks make their money is through various fees. Even ones that seem negligible at first glance can add up over time.

For example, personal finance celebrity Dave Ramsey once called maintenance fees “some of the sneakiest,” adding that, “you agree to them when you open an account, and you may not even realize it until they show up on your statement six months later.”

But it may be possible to avoid paying maintenance fees. For instance, some banks may waive the fee if you maintain a certain minimum account balance.

However, fees on big loans, such as a mortgage, are often hiding in the fine print of your contract. Although it may feel tedious, always read the fine print before you open any account.

If you come across any fees, in general, you should feel empowered to contest it. After all, a bank is like any other business — they don’t want to lose you as a customer, especially if there’s a risk that they’ll lose you to a competitor.

2. Credit cards offer more protection than debit cards

Using a debit card over a credit card can be beneficial, especially since many businesses impose a surcharge on customers for credit card purchases. However, credit cards tend to offer more protection than debit cards.

Often, when there's a fraudulent transaction on your credit card account, you can dispute it. Typically, the charge will be removed from your balance while it's being investigated, or you'll receive a credit for that charge so you don't have to pay for it.

But when your debit card is used fraudulently, you have less protections in place. You generally only have a small window of time to report a fraudulent transaction on a debit card — and that window may depend on the rules and regulations your bank has in place.

If your debit card or PIN number is stolen, you may find yourself responsible for up to $500 in unauthorized transactions if you notify your bank after two business days, according to the FDIC.

With a credit card, on the other hand, you could report fraud several weeks later — on average, around 60 days after the fact. In some situations, it can be even longer.

For this reason, it could pay to use a credit card more often than your debit. As an added bonus, credit cards let you rack up points or cash back on your purchases, which debit cards don't.

TO READ MORE:  https://www.yahoo.com/finance/news/5-secrets-money-american-banks-121300122.html

Tuesday Evening News With MarkZ 10-1-2024

Tuesday Evening News With MarkZ

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: Good Evening All, Mark Z and Mods

Member: I pray that picture on Marks video is a sign of good things to come

Member: Hoping for big bondholder news.

MZ:  I had one bond holder with an appointment this afternoon inform me that he is now under an NDA. He did tell me a long time ago that he would not do an NDA unless he walked away with at least a sizable chunk of money….so for me if feels like something happened.

MZ: My contacts with evening appointments  have not returned any of my messages yet because their appointments are about right now. I hope to have an update by tomorrow morning.

MZ: I do have another friend with an appointment on Thursday . He has an enormous amount invested in bonds and  I am excited to see how it goes for him.

MZ: There is quite a bit of news coming out of Iraq this evening.  “JSC-A strategy to transform Iraq into a Regional investment Center” How can you be a regional investment center with a reasonable currency?

MZ: Dr. Shabibi ( Former governor of the CBI) once said to the government if you give me a safe and stable Iraq- We will increase the purchasing power.

MZ: On the HCL- Money is moving and I expect to see an announcement any day now.  I think it is completely done .

Member: The Iraq Oil Law, also referred to as the Iraq Hydrocarbon Law was a piece of legislation submitted to the Iraqi Council of Representatives in May 2007

MZ: Another HCL piece: “Minister of planning:  We have moved forward to draw a new map of the population reality in Iraq” they are also working to return displaced people to Iraq.

MZ: “Erbil: Iraq has become a suitable environment due to security and political stabllity “ They said this today. What did Shabibi say? Give me security and stability and we will raise the value .

Member: Did they ever find all the money from the theft of the century?

MZ: I was told they have recovered almost every single dinar.

Member: Mark, any idea happened with the “Foreign Currency” discussion at the Fed today at 4:00pm?

MZ: They have not released the minutes of the meetings yet. Hopefully they will be released in 1 or 2 days.

Member: I wonder if  the hurricane and port strike are caused to slow the rv?

Member:  I heard a rumor that the Iraq supreme court said they have to post the rate by end of today or al Sudani and Maliki will be arrested

Member: I thought it was the CBI in charge?  So….I will believe it when we see it.

Member: I read Ports closed today to reset new system. From LIBOR to SOFR...on the ledger. "Secured Overnight Financing Rate"..Gold Standard!  Time will tell.

Member: Busy news day! Everything seems to be boiling over all at once!

Pray for those affected by the Hurricane. The devastation in areas is overwhelming. Also, please pray for the Peace of Jerusalem and Israel, which is about to enter war with Iran. Lord please help us!

MarkZ New Discord link:  https://discord.com/invite/AxGE6k4pvx

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

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/

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

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!

Youtube:     https://www.youtube.com/watch?v=O6H_5WG16Yk

30 Seconds To Midnight: THE FED JUST WENT BANKRUPT | Mike Maloney

30 Seconds To Midnight: THE FED JUST WENT BANKRUPT | Mike Maloney

10-1-2024

In this eye-opening video, Mike Maloney dives deep into the impending financial crisis and reveals that the Fed is genuinely bankrupt.

 Since 2022, the Fed has been writing IOUs to the U.S. Treasury, all while paying out billions in interest to the biggest banks and it is all coming out of YOUR pocket.

Learn how the 2008 economic changes set this crisis in motion, why the Fed is now stuck in a "death spiral," and what this means for the global financial system.

https://www.youtube.com/watch?v=qlow3WcF_jI

More News, Rumors and Opinions Tuesday PM 10-1-2024

Ariel : 𝙒𝙚𝙡𝙘𝙤𝙢𝙚 𝙏𝙤 𝙔𝙤𝙪𝙧 𝙉𝙚𝙬 𝙂𝙤𝙡𝙙𝙚𝙣 𝘼𝙜𝙚: 𝘼 𝙍𝙚𝙖𝙡𝙞𝙩𝙮 𝘽𝙖𝙨𝙚𝙙 𝙊𝙣 𝙍𝙚𝙖𝙡 𝘼𝙨𝙨𝙚𝙩𝙨

In the traditional system, investing in gold and silver often requires significant capital. With tokenization, individuals can own fractions of these precious metals, making it accessible to a broader range of investors, not just those with large portfolios. This democratizes the ownership of real assets, creating more financial inclusion for everyday citizens.

Unlike fiat money, which is subject to inflation and can be printed at will, gold and silver have intrinsic value due to their scarcity and long-standing historical importance as stores of wealth. Tokenizing these metals on a decentralized ledger gives people the chance to own assets backed by tangible, real-world value, providing a hedge against economic instability and the erosion of purchasing power.

And you telling me we are not about to have the most historic October we ever had to date? How when it had already started?

Stephanie Star:  Meld Gold confirms first transaction on mainnet went through on 9/29 regarding the tokenization of gold on XRPL with more to roll out through October #XRPCommunity #XRPArmy #XRPL

October 1st
Boom
Boom
Boom

Source(s):
https://x.com/Prolotario1/status/1840924692380586074
https://x.com/Prolotario1/status/1840933047539032289

https://dinarchronicles.com/2024/10/01/ariel-prolotario1-welcome-to-the-new-golden-age-a-reality-based-on-real-assets/

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

Militia Man  In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar... Quote:  "...this is done by removing a specific number of zeros from the nominal value of the currency."  From the value of the currency not the currency notes but the value of the currency...

Frank26   They tell you [Iraqi citizens] there is an imminent change coming to your currency almost every day now.  That is very exciting.  These are the words we've only dreamed about in the last 5 years.  To see them almost every day is rather shocking but very exciting right now...This is getting crazier and crazier every day with so much excitement and so much information about the monetary reform being sent directly pinpointed to you Iraqi citizens from Sudani.

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Fed To ‘Kickstart’ Inflation, Next Crash Will Make August Look Like 'Dip' | Gareth Soloway

David Lin:  9-30-2024

Gareth Soloway, Chief Market Strategist of Verified Investing.com, discusses the Fed's latest rate cut, and its impact on inflation, economic growth, and markets. Soloway updates his outlook on stocks, gold, Bitcoin.

0:00 - Intro

0:40 - Market recap

2:10 - Declining corporate cash balance

6:06 - Financials sector

11:38 - Defensive sectors outperforming

16:30 - Fed monetary policy outlook

21:00 - Inflation outlook

 23:20 - Gold

26:30 - “No landing” scenario

 27:55 - S&P 500 outlook

 29:30 - Hedging strategies

31:30 - China stimulus and stocks

35:20 - Bitcoin outlook

https://www.youtube.com/watch?v=LnMg-PxfFI4

Iraq News Highlights and Points To Ponder Tuesday Afternoon 10-1-24

An Expert Reveals The Reason For The Fragility Of The Iraqi Market: Countries Want Imports To Remain

Baghdad Today - Baghdad    Today, Monday (September 30, 2024), economic expert Nasser Al-Kanani revealed the reason for the fragility of the Iraqi local market and its inability to confront any external problems.

Al-Kanani said in an interview with Baghdad Today, "The Iraqi local market is fragile and cannot face any external problems, as it depends only on foreign imports, and does not depend on local national production, and therefore the market is greatly affected by any external problems, and cannot face any of those problems, and therefore the Iraqi government must work seriously to restore local production so that the local market is strong and not affected by any regional or international problems and crises."

He added, "The Iraqi local market is considered one of the most important markets for many countries in the region and the world, to sell their materials in it, and it is not unlikely that there are countries working to keep the Iraqi market fragile and dependent on imports, instead of national production, and for this reason, throughout the past years, we have not seen any control of local products over the market."

Last March, the Central Bank of Iraq announced that “there is no return to the previous price of the dollar, and the price will not be reduced under any circumstances,” stressing that there is no intention to raise the price above 145,000 for every 100 dollars, which is the official Iraqi exchange rate.

The prices of basic foodstuffs doubled after the government devalued the dinar, and prices increased again, before rising again due to the rise in the price of the dollar .

The prices of some food items in Iraq have increased by between 25 and 75 percent, as the price of one kilogram of sugar rose from 1,000 dinars to 1,300 dinars in retail markets, a bottle of cooking oil from 1,500 to 3,000, and grains from 500-750 to 1,000-1,500 dinars.  LINK

Warning To Iraqis: New Ways To Steal Your Money And Smuggle It Abroad

Economy  2024-10-01 | 1,316 views    Alsumaria News – Economic  via the Internet and mobile phone applications, new digital banks in Iraq are starting to steal money and smuggle it out of the country, especially with the absence of government oversight over the work of these banks that do not have branches on the ground.

A new loophole for stealing money and a shortcut for smuggling currency requires government oversight.

 Digital banks in Iraq are another way to smuggle currency after it is exploited by banks that have been subject to sanctions and require government oversight and serious action towards them.

 Through unregulated electronic applications, financial transfers are carried out within these applications, without the need for paperwork or financial auditing, which facilitates the transfer process and the possibility of smuggling money in huge quantities.   LINK

Al-Sudani's Advisor Explains: Did Electronic Payment Procedures Contribute To Preserving The Dinar's Solidity?

Money and business   Economy News – Baghdad  [rtl]Advisor to the Prime Minister and Chairman of the Supreme Committee to Support the Iraqi Dinar, Qasim Al-Dhalimi, announced today, Tuesday, the committee’s success in restoring citizens’ confidence in the dinar, while pointing out that it has provided mechanisms to preserve the solidity of the dinar and the financial bloc.

Al-Dhalimi said, "The Supreme Committee for Supporting the Iraqi Dinar worked on how to restore the citizen's confidence in the dinar, and to make it the main link between him and the source of his money and how the citizen can connect the dinar to the solid Iraqi banks, and how to deal with it electronically," indicating that "the committee worked on many important joints."

He added that "the citizen wanted to know the extent of the interest of the government or private bank in dealing with depositing his money, and how to find real mechanisms to support the dinar by balancing it with other foreign currencies,"

noting that "there are mechanisms proposed by the committee for how electronic payment can be one of the features that preserve the solidity of the dinar, and preserve the financial mass present within the banks, and for the citizen to be the first and last beneficiary and the electronic organization process, so the committee sought to achieve financial security and stability in the government program." Views 62 10/01/2024 https://economy-news.net/content.php?id=48215

Expert Proposes A Single Proposal To Confront The Decline In Oil Prices And Issues A Warning To Producing Countries

Baghdad Today - Baghdad   Oil expert Haider Al-Batat warned oil-producing countries today, Monday (September 30, 2024), noting that shale oil production is more economically feasible.

Al-Batat said in an interview with Baghdad Today that "the rise in oil prices leads to a slowdown in industrial growth and a decrease in demand for oil, with an increase in the trend towards the use of alternative energy. This represents a threat to oil-exporting countries, and the main beneficiary of this situation is the United States of America."

He added, "US shale oil production is only economically viable when the price per barrel exceeds $65. If the price of oil falls below $65, US oil production becomes economically unviable."

He explained that "this will force America to reduce its production of shale oil, which will make the market need 10 million barrels of oil, and this will lead to an increase in demand for oil produced by OPEC member states to compensate for the gap resulting from the decline in American production."

The oil expert concluded by saying, “This scenario is the only solution to confront the decline in oil consumption and the shift to alternative energy.

It will also increase industrial growth, thus pushing oil-producing countries to increase oil production to keep pace with the increasing global demand. Thus, they compensate for the decline in price by increasing quantities.

This in turn increases the costs of using alternative energy, which is ultimately much higher than the price of fossil energy, leading consumers to turn away from it and continue to rely on fossil energy while developing and upgrading it to be environmentally friendly.”

According to the US Energy Information Administration, the United States has the largest recoverable resource of shale oil in the world, amounting to 78.2 billion barrels so far, followed by Russia with 74.6 billion barrels.

Although China is a relative newcomer to the scene, it holds a significant position with reserves of 32.2 billion barrels, contributing 7.7% of the global share.

Argentina, Libya and the United Arab Emirates also made the top ranks, indicating the diverse distribution of shale oil resources around the world.  LINK

Internal And External Debts "Exhaust" The Iraqi Budget, And Experts Diagnose The Reasons

2024-09-30 06:37  Shafaq News/ The Iraqi government took a series of measures to reduce the external public debt from the financial surpluses achieved as a result of the rise in oil prices, and succeeded in reducing it. However, in return, the internal debt rose to exceed 70 trillion dinars to bridge the gap in financial liquidity and operating expenses.

Iraq continued to borrow externally after 2003, especially during the oil price collapse that coincided with security operations against ISIS in 2014, in addition to internal borrowing to cover the country's general budget deficit.

The International Monetary Fund said that Iraq's internal imbalances were exacerbated by the large financial expansion and the decline in oil prices, noting that Iraq needs to gradually correct the public finances to achieve debt stability in the medium term and rebuild financial reserves.

"Dead" Debts

Member of the Parliamentary Finance Committee, Jamal Kojer, said in an interview with Shafaq News Agency, "The external debt found in the reports available to us is a dead debt related to the Gulf War. These debts date back more than 30 years and countries do not demand them, so they are not real debts. If the Iraqi state demands their cancellation, they will be cancelled."

He points out that "the internal debt, which exceeds 70 trillion Iraqi dinars, is gradually increasing because the state's revenues are less than expenditures, and despite that, it is not a frightening debt."

According to official data, Iraq's internal debts amount to $50 billion, which are collected within the official and governmental financial apparatus, in addition to the existence of outstanding debts to eight countries, including Iran, Saudi Arabia, Qatar, the Emirates and Kuwait, amounting to $40 billion. These debts are questionable from Iraq's point of view and have not been written off, despite being subject to the Paris Club.

Low External Debt

In turn, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained in an interview with Shafaq News Agency, that "Iraq is considered one of the countries with very little external debt, as the total debts due do not exceed 10 billion dollars, and these have annual allocations in the federal general budget to extinguish them, and they must be extinguished by 2028."

"The external debt is the remnants of the pre-1990 settlements," he added, noting that "Iraq is considered to have high creditworthiness according to the classification of international companies such as S&P Global Ratings and Fitch, and therefore the external debt does not exceed 5% of the gross domestic product compared to the international standard that accepts debts up to 60% of the gross domestic product."

Saleh points out that "there are internal debts amounting to 76 trillion dinars caused by two financial crises, the first of which was between 2014 and 2017, which was the war against ISIS terrorism and the decline in oil prices, and the second crisis was the Corona pandemic, which led to the closure of global markets and a significant decline in oil prices, and thus large borrowings occurred."

He stresses that "domestic debt generally does not exceed 30% of the gross domestic product and is a debt within the government and not between the government and individuals or the market, and there are mechanisms to extinguish it within the government's financial and banking system, and therefore there are no risks."

Debt Is Not The Perfect Solution.

However, the economic expert, Dhurgham Muhammad Ali, sees the opposite of what the financial advisor said, and says in an interview with Shafaq News Agency, "The internal debts also pose a danger because they must be paid and must not exceed 50% of the country's annual gross domestic product."

He added, "Expanding domestic borrowing is not the ideal solution to cover the budget deficit, but rather it is an easy way to cover the deficit using primitive but effective methods, as long as they do not exceed the required limit, especially in light of the decline in financial inclusion and the low rates of bank deposits for the Iraqi citizen compared to neighboring countries."

He explains that "combating corruption and following up on Iraq's money that has been swallowed by corruption over the past years is slow and ineffective and faces obstacles and challenges, and recovering this money could pay off many internal debts."

Hard Currency

For his part, economic expert Hilal Al-Taan confirmed, in an interview with Shafaq News Agency, that "the internal debts do not have a significant impact on the Iraqi economy, and most of them are in favor of the Ministry of Finance, the Central Bank, and other ministries."

He believes that "the major impact on the economy is on foreign debts because they are settled in hard currency, unlike domestic debts, which are settled in national currency. The state must first reduce foreign debts."

The largest part of the domestic debt is owed to the Central Bank of Iraq, the Rafidain and Rashid banks, and the Trade Bank of Iraq, which lent the government large sums of money to cover the federal budget deficit.   LINK

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 10-01-24

Good Afternoon Dinar Recaps,

GHANA LAUNCHES GOLD COIN PRICED IN LOCAL CURRENCY

Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar.

Gold Coins Priced in Local Currency
Ghana has launched a gold coin to encourage domestic savings and assist with managing money market liquidity. The coin, refined to 99.99% purity, is issued and guaranteed by the Bank of Ghana (BOG). The gold coins will reportedly come in one, half, and quarter ounces.

According to a Bloomberg report, the coins will become available in the first two weeks of October. Residents interested in purchasing the coins will be able to do so using Ghanaian cedi. BOG governor Ernest Addison said the coins are priced based on the London Bullion Market Association (LBMA) auction price.

“The Ghana gold coin enables the Bank of Ghana to mop up excess liquidity in the banking sector and will supplement the bank’s bills for liquidity management. It gives those resident in Ghana an additional avenue to invest to reap the benefits of the Bank of Ghana’s domestic gold purchase program,” Addison said.

As noted in the Bloomberg report, the Ghanaian central bank has acquired 65.4 tons of gold valued at $5 billion since it launched the oil for gold scheme.

@ Newshounds News™

Source:  Bitcoin News

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REGULATORY APPROVAL ALLOWS BINANCE TO LAUNCH FULL CRYPTO SERVICES IN ARGENTINA

Binance has secured registration with Argentina’s National Securities Commission, unlocking full crypto services for its local users.

Binance, the world’s largest cryptocurrency exchange, has officially launched its full range of services in Argentina after registering as a crypto service provider with the country’s National Securities Commission, according to a company announcement.

This regulatory approval marks Binance’s 20th registration milestone globally, expanding its offerings to a Latin American market. Binance’s mobile and web applications are now fully accessible to users across Argentina.

Binance in Argentina
This move allows Argentinians to trade, buy, and sell a wide variety of cryptocurrencies through Binance’s platform. This development aligns with the company’s strategy to expand in markets with strong crypto adoption potential.

Binance operates as an exchange where users can trade different digital assets, like Bitcoin or Ethereum. Think of it as a marketplace, but you deal with digital coins instead of traditional money.

This announcement follows other recent regulatory approvals in India, Kazakhstan, and Indonesia.

The exchange’s compliance program, which includes anti-money laundering policies and strict verification processes, demonstrates Binance’s efforts to meet regulatory standards and ensure user safety.

@ Newshounds News™

Source:  Crypto News

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RIPPLE LABS EXPANDS ITS SERVICES WITH DFSA APPROVAL

▪️Ripple Labs received principal approval from DFSA for service expansion.

▪️The approval aids in introducing cross-border payment services in the UAE.

▪️Ripple focuses on developing new products like the stablecoin RLUSD.

Ripple Labs, a digital asset infrastructure provider, received principal approval from the Dubai Financial Services Authority (DFSA). 

This approval enables the company to expand its services from the Dubai International Financial Centre (DIFC). This significant development strengthens Ripple’s global position as a regulated crypto service provider.

DFSA Approval Adds to Ripple’s License List
The principal approval from DFSA will assist Ripple in introducing cross-border payment services in the United Arab Emirates (UAE). In this context, services like Ripple Payments Direct (RPD) will be offered. This has the potential to expand the company’s user base by several million.

Ripple Continues to Increase Its Licenses
With the approval received from DFSA, Ripple continues to maintain licenses obtained from regions like Ireland and Singapore in past years. In 2022, Ripple acquired a license through a local startup to operate in Ireland.

Last year, it obtained a full license in Singapore, gaining regional Major Payment Institution (MPI) status. These licenses allow Ripple to operate outside the United States due to regulatory actions from the SEC.

Ripple Mints RLUSD in Private Beta Testing
In addition to its licenses and approvals, Ripple is also focusing on developing products within its ecosystem. The company is working on a stablecoin, RLUSD, pegged to the US dollar at a 1:1 ratio, which is currently in private beta testing on the XRP Ledger and Ethereum $2,510 mainnet.

By the end of September, 1.7 million RLUSD had been minted, with approximately 600,000 more produced as of September 30.

In light of these developments, Ripple’s DFSA approval enables the company to operate more effectively in the UAE and regional markets.

It also helps overcome challenges in partnerships due to regulatory pressures from the SEC. Ripple aims to make cross-border payment solutions faster, cost-effective, and efficient through regulatory compliance and critical infrastructure investments.

These steps by Ripple serve as an important example for the cryptocurrency sector. The company’s new licenses and developed products enhance its competitiveness in the global market while providing users with broader and more reliable service options.

@ Newshounds News™

Source:  CoinTurk  

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CARDANO-NATIVE USDA STABLECOIN LAUNCH SECURED BY BITGO PARTNERSHIP

BitGo partners with Anzens to provide custody for USDA, the Cardano-native stablecoin.

BitGo, a qualified custodian in the digital asset space, has announced its collaboration with Anzens, the issuer of USDA, to custody the Cardano-native stablecoin.

According to a recent press release, this partnership aims to enhance the security and functionality of the USDA stablecoin protocol. BitGo Trust, a leader in digital asset custody, brings its expertise to help integrate advanced financial infrastructure into the USDA framework.

@ Newshounds News™

Source:  The Crypto Basic

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COMPILATION ON IRAN STRIKING ISREAL @ Newshounds News™

JUST IN: 🇮🇷🇮🇱 Iran releases statement in following missiles launched against Israel:
"In response to the martyrdom of Ismail Haniyeh, Seyyed Hassan Nasrallah and Martyr Nilforoshan, we targeted the heart of the occupied territories."

@BRICSNews

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JUST IN: 🇮🇷🇮🇱 Over 400 missiles were launched at Israel, Iranian State Media says.

@BRICSNews

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JUST IN: 🇺🇸🇮🇷 President Biden orders US military to shoot down Iranian missiles fired at Israel.

@BRICSNews

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Hezbollah now joins Iran in sending missiles into Israel

Midnight Rider Channel

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UST IN: 🇮🇱 Israel says it will carry out powerful airstrikes throughout the Middle East tonight.
@BRICSNews

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JUST IN: 🇮🇷🇮🇱 Iran officially declares state of war against Israel.

@Cryptocurrency_Inside

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One person killed - a Palestinian Muslim from Jericho. Good job Iran….

Amir Tsarfati

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JUST IN: 🇯🇴 Jordan says its Air Force and aerial defenses intercepted Iranian missiles fired at Israel.

@BRICSNews

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🌍 Who's Behind the Global Currency Reset? |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“U.S. Will Default” - Sovereign Debt Collapse To Flip Global Monetary System | Andy Schectman

“U.S. Will Default” - Sovereign Debt Collapse To Flip Global Monetary System | Andy Schectman

Sean Foo:  9-30-2024

Today we sit with Andy Schectman, the CEO of Miles Franklin.

As the US debt continues to explode, this will only end badly, a sovereign default will come. This has great consequences for everyone as the monetary will reset and gold might be the cornerstone of this change.

And with the Russia, US and China economic war raging, this pushes us closer to the cliff.

Timestamps & Chapters:

0:00 Trust In U.S. Assets Collapsing

7:57 Rate Cuts Accelerates The Default

14:23 Trump Or Harris Won't Save The Economy

20:18 US-Russia Extreme Conflict Risk

23:14 China Trade War Will Devastate The West

 26:10 US Will Have A Sovereign Debt Crisis

36:17 Global Monetary Reset To Involve Gold

46:39 Prepare With Real Assets

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

“Tidbits From TNT” Tuesday 10-1-2024

TNT:

Tishwash:  This is their value.. 9 American and Asian investment funds trade in the Iraqi market

The Chairman of the Securities Commission, Faisal Al-Haimus, confirmed today, Tuesday, that there are 9 American and Asian investment funds trading in the Iraqi market, indicating the size of these funds.

Al-Haims said during the World Investor Day conference, which was attended by the correspondent of "Al-Eqtisad News", that "the size of the Iraqi Stock Exchange represents a small percentage of the gross domestic product", noting that "there are 9 American and Asian investment funds trading in the Iraqi Stock Exchange".

He added, "The size of these funds reaches $500 million and is subject to increase," indicating that "setting the percentage of foreign investments at 49% hinders the entry of foreign investors."

Al-Haims pointed out that, "The new law will raise the foreign investor to 80%," expecting, "Iraq will accept an increase in the entry of foreign investors after the approval of the new law of the commission."  link

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Tishwash:  Turkish businessmen in Diyala looking for investment opportunities

Diyala Governor Adnan Al-Shammari discussed with a delegation of Turkish businessmen the investment file in the province.

Al-Shammari said in a statement that he received a delegation of Turkish businessmen in his office in Diyala Governorate and discussed with them investment opportunities and the possibility of finding a suitable ground for investment in the governorate.

He stressed that investment in Diyala has become available and has fertile ground with the presence of many investment factors, especially since it enjoys great security stability.

He pointed out that the local administration attaches great importance to the issue of attracting international companies to invest in many strategic projects in the governorate.  link

**

Tishwash:  Iraq Warns Forex Companies over Dollar/Dinar Commissions

The Central Bank of Iraq (CBI) has identified irregularities in the operations of several exchange companies regarding the sale of U.S. dollars allocated to travellers.

A recent audit and monitoring of company practices revealed that some exchange firms have been charging citizens a commission of 50,000 dinars for purchasing dollars, double the amount stipulated by official directives.

According to Circular No. 8003/1/9, issued on July 11, 2024, the Central Bank had clearly instructed exchange companies to collect a commission of only 25,000 dinars from citizens when purchasing foreign currency. The current overcharging practices have been deemed in violation of these regulations.

The Central Bank has emphasized that these directives were introduced to streamline the process for citizens and ensure smooth, transparent transactions. Exchange companies found to be non-compliant with these guidelines risk exclusion from participating in the official foreign currency buying and selling system in the future.

The Central Bank has urged all companies to promptly adhere to the official directives to avoid further sanctions. This move underscores the institution's commitment to maintaining order and fairness in Iraq's currency exchange markets.  l

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Tishwash:  Baghdad funds Erbil with 243 billion dinars to pay salaries of the region’s employees

Financial expert Hafidar Shaaban confirmed today, Tuesday (October 1, 2024), that the Federal Ministry of Finance will finance the region with an amount of 243 billion dinars.

Shaaban said in an interview with Baghdad Today, "The Federal Ministry of Finance will send this amount to the region, which is the remaining amount, for the purpose of financing the salaries of the Kurdistan Region in full, for the month of August."

He added, "Tomorrow, the Ministry of Finance in the regional government will begin disbursing employees' salaries, and Baghdad has asked the regional government to prepare the lists according to last February."

An informed source revealed, on Friday, September 27, 2024, the date for launching the disbursement of salaries for employees in the Kurdistan Region for the month of August.

The source told Baghdad Today, "The regional government needs 243 billion dinars to complete the full amount of employees' salaries, which amounts to 998 billion dinars."

He added, "Baghdad promised to send the amount next Sunday, and thus the salary list will be launched on the same day and the distribution will continue for only 3 days, and a few days later the salaries for the month of September will be funded, after the Ministry of Finance in the region sent the full salary list."

The Ministry of Finance in the Kurdistan Region announced yesterday, Thursday, "the delivery of the list of employees' salaries for the months of August and September, as requested by the Federal Ministry of Finance last time."

She explained that "in order to cover the deficit in August salaries, which is estimated at 243 billion dinars, the Federal Ministry of Finance decided to pay the suspended payments from February to August, and it is scheduled to start distributing salaries at the beginning of next week with the arrival of supplementary funding from Baghdad," stressing that she "is waiting to start sending September salaries to the region's employees and in order to start the process of auditing the payroll now  link

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Mot: .... and ON we Gooooooooooooooo! 

Mot: Get Ready - Ladies!!! 

“Coffee With MarkZ” Tuesday Morning Chat 10-1-2024

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: Welcome to October

Member: God Bless YOU all for hanging on even if it’s by a thread. Praying for everyone to get through this difficult period. Praying it gets better for all of sooner rather than later. It’s been exhausting

Member: Well it’s Tuesday Oct 1….the big day when lots of things are supposed to happen. Guess we wait and see if it does?

MZ: Lots of expectations today on the bond side. Most of that will start occurring around 2 or 3 this afternoon….is what I am hearing. Another contact on the other side of the ocean has an appointment at 7:00 tonight.

MZ: The things I could not share yesterday because I did not have permission to share….we will know if true this afternoon. Meaning Did they or did they not get paid?  We should know conclusively by this evening.

Member: So if bond holders get paid today – I wonder what are we looking at for next steps or timing?

Member: Mark said before – we should be a few days after that….

MZ: I am expecting movement on the bond side which will tell us we are extremely close.

Member: I wonder what is happening with the banks in regards to Basil 3?

MZ: I heard some banks are complying and some are refusing .

MZ: Some good solid stuff out of Iraq: “ The Sudanese advisor clarifies Have electronic payment procedures contributed to persevering the sobriety of the dinar?”  Yes they have. And they dive into it in this article. They announced they have succeeded in restoring the citizen’s confidence in the dinar.

Member: I heard Iraq is having meetings today. Around 4:15 there time. To delete zeros? Hope its true

Member: A lot are posting on X about the 4:15 meeting on foreign exchange rates at the US Fed.

MZ: This is a regular quarterly meeting that discuss foreign exchange rates. So yes that happens at 4:15 today.

Member: Mike Bara said Sudani and Maliki to be arrested if they don't Rv today?

Member: Dow is dropping like a rock this morning.

Member: Mark? Sometimes I wish I had just the right words to convince my wife our blessing is real...It is, right? Big sigh!

Member: I am sure at least Iraq will revalue sometime…to at least 1 to 1…..but as for the rest of the world……at this point not sure.

Member: The more horrible things happen in the world the harder it is to believe in white hats or good guys……where are they?

Member: Even the bad guys need money….So we should see something happen soon.

Member: I know it’s always darkest before the dawn….but our dawn is way overdue.

Member: As bad as it is, we’ve been told it was going to get worse before it got better.

Member: Pray we hear something good RV-wise by tonight. So many people need help right now.

Member: Acapulco Mexico was decimated a few days ago by storm also.

Member: There are 9 storms out there developing now

Member: I feel so bad for the Hurricane people. Many, many prayers to all of them.

There is a lot of news about the Port strikes and Hurricane and storm damage today. Please listen to the replay for all of that information

MarkZ New Discord link:  https://discord.com/invite/AxGE6k4pvx

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

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/

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

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

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

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

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

News, Rumors and Opinions Tuesday AM 10-1-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 1 Oct. 2024

Compiled Tues. 1 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 30 Sept. 2024 TNT : “On Friday I was told this would happen Mon/Tues. People in Kurdistan are being told they have a new rate tomorrow Tues. 1 Oct. Banks are currently in meetings at this moment. Brought Feds in last night. All waiting on the go. It’s done. All three letter agencies said their portions are done and expecting it tomorrow morning Tues. 1 Oct. Kurds are always ahead of Lebanon and Kurds got paid yesterday Sun. 29 Sept. It’s the end of the Quarter.

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Global Financial Crisis:

Mon. 30 Sept. 2024 SITREP: East Coast Port Strikes

The port strike, involves dockworkers from the International Longshoremen’s Association (ILA), is set to commence at midnight  MONDAYNIGHT, affecting ports across the East and Gulf coasts of the United States.

Scale and Impact: Approximately 45,000 dockworkers are expected to go on strike. This could potentially shut down 36 ports which handle roughly half of the goods shipped into and out of the U.S.

This strike could lead to significant disruptions in the supply chain, potentially causing delays and price increases for a wide range of goods from automotive parts, electronics, to food items like fruits, coffee, and even holiday goods.

Economic Impact: Some sources suggest losses could reach up to $4.5 billion daily if the strike continues.

Why are they Striking?: The ILA is demanding a substantial wage increase, reported to be around 77% over six years, and stricter controls or bans on automation in port operations. This automation, which includes cranes and container-moving technologies, is at the heart of the dispute, with workers fearing job losses.

Preparation: Many businesses have shifting shipments to West Coast ports or preparing for extended supply chain disruptions. I encourage everyone to stock up on essentials. Today… don’t panic.. but just get what you need.

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Mon. 30 Sept. 2024 Red Oct. 1 Starting Gun Julian Assange on Telegram

Are we ready for what is about to commence? October 1st, we are about 24 hrs away from the starting gun. The course of history will change our lives forever. Everything is not going to be roses for everyone starting off, but it will even itself out, and the corrections will be noticed where it was needed for decades.

Banking systems have long been benefiting the wealthy at the expense of average citizens, contributing to economic inequality. High fees, limited access to credit for the underserved, and a lack of transparency have been major concerns. A shift towards decentralized financial systems will allow individuals more direct control over their finances, cutting out intermediaries like banks. Reforms will focus on ensuring underserved communities have access to banking services, credit, and investment opportunities traditionally out of reach.

Tomorrow, LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks. America will potentially start the new fiscal year under a gold-backed US Note, phasing out the current fiat USD over time. Because we are going back to a real value-based economy. And Basel 3 will be the standard way to accomplish this for all financial institutions.

Banks are now required to maintain higher capital reserves, meaning they must hold more secure assets relative to their liabilities. This leads to a stronger, more stable banking system, reducing the chances of another financial collapse. For the real estate industry, this means more responsible lending practices. Developers, homebuyers, and investors can be more confident that their loans are being issued by stable financial institutions with better safeguards.

Which is why I constantly tell you all to only do business with Basel 3 banks. I never said all banks are evil or that we should avoid them and start bartering. I’ve always stated Basel 3 is the way to go. So if a bank goes under, it’s more than likely because they weren’t compliant with the new Basel protocol.

We are entering a new phase of our lives. This point in history marks the official start of the long-awaited changes we desperately needed. We are at the doorstep, ready to step into this future with confidence that everything will work out to our benefit in both the short and long term. These changes will be welcomed by everyone who has long sought a new way of doing things.

So understand this: we will never be the same after this. Nothing will. We deserve to live in a world where we are not solely focused on survival—a low vibrational way of living that feeds the very system we want to escape. We’ve been corrupted by this system, putting profits above fairness, equality, and even God and humanity. All of this will begin its realignment back to God just hours from now.

Hope you all are ready. Things will speed up, and we should have a very big October.

Read full post here:  https://dinarchronicles.com/2024/10/01/restored-republic-via-a-gcr-update-as-of-october-1-2024/

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

Harlequinc3  [Response to Guru Clare's Article post below] This guy’s only got 1/2 the picture...CBI won’t just remove 3 0s without adjusting the nominal exchange rate and then adding purchasing power to the dinar — a rate change to you and me, we might call it an RV, though their end game is reinstatement...This guy is just referring to swapping out currency for Iraqis only. He’s not taking into account what happens to the dinar internationally...To an Iraqi, removing 3 0’s is just taking old dinar out of circulation and replacing it with smaller bills/digital payments. That’s why this guy is talking about a partial peg. The CBI is talking about a pure float. He’s only looking at half the process. This article is addressed to Iraqis only. IMO of course.

Clare  Article:  "What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud Dagher"  Quote: "Economist Mahmoud Dagher pointed out that deleting zeros will not change...the purchasing power of the dinar...Instead of carrying a bundle of 50,000 dinar notes, it will be possible to compress them into a smaller number of notes after removing the zeros, and this will not change their purchasing power.

9-30-2024   Intel Guru Frank26   They're giving them a date of when they're going to stop the auctions, the window.  Now they tell them we're lifting three zeros, you're getting purchasing power.  They tell them you're getting the HCL.  Then they go a step further and they said our currency is going to be stronger than the Jordanian dinar...It's going to be more than Jordan's currency...I believe they're going to reach the REER through the float at around $4.25...

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IQD Remains Stable Amid Tensions in Iraq Breaking News Zimbabwe

Edu Matrix:  10-1-2024

IQD Remains Stable Amid Tensions in Iraq Breaking News Zimbabwe - IQD Rate - Protest Over Death of Hezzabaha Leader -ZiG Currency Drops to 25 Zig to One U.S. Dollar - Up from 14 Zig to One U.S. Dollar.

https://www.youtube.com/watch?v=gPOj1ka34PQ