Iraq News Highlights and Points To Ponder Saturday AM 10-19-24

Among Them Are Exchange Rates.. The Most Prominent Advantages Of Increasing Iraq’s Share In The International Monetary Fund

Money and business   Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that increasing Iraq's share of the international monetary fund is a step to confront economic challenges and stabilize the dinar, while he pointed out that it is a tool against exchange rate fluctuations and inflation problems and to enhance investors' confidence in the Iraqi economy.

Saleh told the official agency, which was followed by "Al-Eqtisad News", that "Iraq maintains a reserve of gold within its foreign reserves, and it is part of the official reserves of the Central Bank of Iraq, as monetary gold is a means of supporting the value of the Iraqi dinar and achieving the desired economic stability."

When inflation rises and the value of foreign currencies falls, the price of gold usually rises, so gold is a hedge against inflation or currency devaluation. It is also a type of long-term investment and contributes to diversifying the country’s sovereign investment portfolio, because it is originally stable compared to currency volatility,” he added.

 He continued: "Our country holds about 150 tons of gold, which constitutes a percentage of the country's foreign currency reserves. This reserve is managed in accordance with the guidelines issued by multilateral international financial organizations. It represents a hedging tool and a safe and appropriate haven, as it is an important part of the national currency cover."

 He pointed out that "the monetary authority in our country has sought in recent years to increase its gold reserves, in order to confront economic challenges and ensure the stability of the Iraqi dinar."

He explained that "gold remains a protection tool against fluctuations in exchange rates and inflation problems, and it also contributes to enhancing investors' confidence in the Iraqi economy."

Earlier, the Council of Ministers approved increasing Iraq's share in the International Monetary Fund by the equivalent of (831,900,000) SDR, or the equivalent of (1.45025127) trillion dinars, according to the exchange rate on October 8, 2024, provided that the amount of the increase is included in the allocations for the year 2025, and that the proposed increase will lead to an increase in Iraq's share in the International Monetary Fund by 50% of the previous share, and to an increase in Iraq's voting power.    https://economy-news.net/content.php?id=48887

Holidays In Iraq... 34 Trillion Dinars In Losses!

2024-10-18 Source:   Sumerian    Holiday file... 34 trillion dinars in losses for the country due to official and unofficial holidays

In addition to the official weekends, the days of the year are crowded with additional holidays, of which the fixed ones amount to sixteen days, and the emergency ones exceed twenty days, thus reaching one hundred and forty days annually.  What did the concerned parties reveal to Sumaria?   LINK

Trade: These Are The Reasons For Postponing The (48) Session Of The Baghdad International Fair / Expanded

Friday 18 October 2024 11:53 | Economic Number of readings: 65  Baghdad / NINA / The Ministry of Trade revealed the reasons for the Prime Minister's approval to postpone the (48) session of the Baghdad International Fair to February 2025.

The ministry stated, in a press statement today, Friday, that "the request to postpone the session came as a result of the circumstances the region is going through as a result of the Zionist entity's attacks on the countries of Lebanon and Palestine and their people."

It added, "The sessions of the Baghdad International Fair are of great importance as they are Iraq's economic gateway to attracting countries and companies to display their products and identify the needs of the Iraqi market, and find partnerships with Iraqi sectors to enter into investment projects in various fields."

The ministry explained that "through the Iraqi Exhibitions Company, it will announce the exact date for the 48th session in the event that it is confirmed and all preparations are completed." https://ninanews.com/Website/News/Details?key=1162879

Iraqi Oil Prices Continue To Decline For The Fifth Consecutive Day

Economy |Today,Baghdad Today - Follow-up   Iraqi oil prices fell today, Friday (October 18, 2024), on the fifth day of trading, after exceeding the $77 per barrel barrier at the end of last week's trading.

According to data reviewed by "Baghdad Today", Basra Heavy crude recorded $69.77 per barrel during today's trading, while the average recorded $72.92 per barrel, with a change rate of -0.37, respectively.

The data also showed a rise in global crude prices, as British Brent crude recorded $74.64, while US West Texas Intermediate crude recorded $70.96 per barrel, by 0.30+ and 0.30+.Source: "Baghdad Today" + websites.   LINK

The Government Intends To Proceed With A New Licensing Round For Iraqi Gas.. What Will It Add?

Posted On 2024-10-18 By Sotaliraq   The government is planning two new rounds of licensing in the energy sector, with the aim of stopping gas flaring and achieving self-sufficiency to operate power plants that are experiencing an increasing need for fuel, in light of the challenges of Iranian gas outages, financial payment problems due to US sanctions, and the increasing demand for energy.

Last August, the Council of Ministers approved the contracts for the fifth and sixth supplementary licensing rounds, amounting to 14 projects for final signing and direct activation.

Member of the Parliamentary Oil and Gas Committee, MP Basem Al-Gharibawi, said, “The coming period will witness a fifth licensing round, most of which will be granted to border oil and gas fields, while the sixth round will focus largely on gas fields.”

Al-Gharibawi added, “There are 15 fields, most of which are in the western region, that have not been referred to any party during the previous two rounds, and thus more than one new round may be held in order to refer them for investment, due to Iraq’s urgent need to invest in gas due to the problems of electricity that depends on Iranian gas, which is cut off due to Tehran’s need for it at times, and at other times due to the inability to pay the debts resulting from the US sanctions imposed on it.”

He explains the reasons for the government’s move towards investing in gas, with “the renewed urgent need for it as a result of the scarcity of Iranian gas during peak times, which prompts the Ministry of Oil to use kerosene fuel oil as an alternative, which created a crisis at gas stations for vehicles,” noting that “the Ministry of Oil is ultimately making efforts to market the remaining gas fields to international companies through the Minister’s travels to the United States and European countries, during which he extended invitations to companies.”

The member of the parliamentary committee continues, “The targeted governorates in the upcoming licensing rounds are the governorates of western Iraq that were not included in the rounds by submitting applications for their fields, so they remain without referral, and efforts during the coming period are focused on the necessity of referring them and investing them in the best possible way.”

The fifth and sixth supplementary rounds were launched in Baghdad between May 11-13, in the presence of Prime Minister Mohammed Shia al-Sudani, where 22 companies from all over the world competed for them, including no American company, while Chinese companies and one Iraqi company won their contracts, with different profit percentages after investment expenses that reached 30 percent.

It is noteworthy that Iraq is distinguished by its location among the most important strategic regions in the global oil and gas industry, due to its important strategic geography and huge reserves of natural resources, which provide it with distinct opportunities for investment and development in this vital sector.

For his part, academic and oil specialist, Govind Sherwani, believes that “what remains of the fifth and sixth licensing rounds are 15 investment opportunities, including 10 gas exploration blocks that were presented by the government delegation that recently visited the United States of America to major American companies,”

 indicating that “the new rounds will focus largely on investing in natural gas, which has not received the attention it deserves for two decades, despite being a huge wealth that is equal to oil in its industrial importance and the fields of energy and fertilizers, and Iraq has a large reserve of it, as the reserve is estimated at 143 trillion cubic feet, and a lot of free gas is still not invested, and the associated gas continues to be burned in the oil fields, which is a wealth estimated at millions of dollars that is being wasted.”

Sherwani criticizes the previous rounds’ focus on “oil, and the lack of interest in gas and its huge reserves, which place Iraq in 13th place in the world, so it continues to burn and waste despite all the efforts of the Ministry of Oil to invest 65 percent of it, and the remaining 35 percent is burned at a time when it should be fully exploited to stop imports from Iran or distant Asian countries,” explaining that “the total investment in gas will make Iraq self-sufficient within four to five years, after which the surplus will be exported to Western European markets, which have been cut off from natural gas, causing its prices to rise three or four times as much as a result of the Russian-Ukrainian war.”

He attributes the delay in referring these oil and gas fields so far to “the fact that they are less attractive than their predecessors, due to the lack of full security of the border areas, in addition to the lack of infrastructure in some of them, such as transportation lines and logistics, or the fact that they are not promising large quantities of gas and oil, because each company receives a bag of information about the investment opportunity to study it before submitting its offers.”

He points out that “the ministry adopted, in the two previous rounds, a new formula for contracting with investors, represented by profit sharing, and not through previously approved service contracts, which may achieve greater profits and benefits for companies in the event of a rise in global oil prices.

Therefore, the ministry’s introduction of this system in the licensing rounds came to strengthen the methods of attracting companies, which led to a local company also obtaining two or three investment areas, which means that some local companies have reached advanced levels in investing in oil projects.”

The academic specializing in oil notes that “the ministry has not yet succeeded in resolving the issue of exporting oil from the Kurdistan Region, despite a year and a half having passed since the suspension, in the absence of technical, financial and administrative solutions with the Ministry of Wealth in the region and foreign companies working in production and transportation, which has led to significant damage exceeding $16 billion so far at a time when it can be invested as a useful outlet for oil with the instability of oil shipments through the Red Sea and Suez to importers in Western Europe and North America.”

“The Turkish port of Ceyhan can be the best option for exporting Iraqi oil to these western regions. Its importance lies in increasing export outlets to Iraq to avoid any crises that may occur in other export regions, which means the continuation of exports with stability and complete security at all times,” he added.

It is noteworthy that Iraq took six years to prepare for the licensing round that was held in the middle of this year 2024 after conducting several workshops for companies and reviewing the type of contracts by changing the percentage of ownership and the companies’ share of the profits from investments in these fields.

Oil Minister Hayan Abdul Ghani had anticipated the licensing round by expecting that the investments in the two licensing rounds would increase by up to three billion cubic feet of gas, contributing to putting an end to the chronic energy problem.

For his part, academic and energy researcher Bilal Khalifa explained that “the delay in not exploiting the fields that were not referred in the fifth and sixth rounds is a loss, because the companies that operate these fields in the previous rounds have begun to extract oil without exporting it from them,” indicating that “two of the six fields, namely Anjana-Khashm Ahmar and Kalabat-Kamar, are gas fields, and Iraq is in great need of gas.”

Khalifa explains that “four of the six fields, which are border fields, are considered oil fields, and their exploitation by investment companies must be accompanied by exports from the fields.

Otherwise, Iraq will pay profitable fees despite not exporting oil if OPEC does not raise Iraq’s share, which amounts to about four million and 400 thousand with the region,” noting that “Iraq signed the licensing contracts in 2009 and now 14 years have passed, and it is supposed to have sufficient experience now in managing the fields with the professionalism of foreign companies.”

He notes that “if it is not possible to allocate funds from the federal general budget, it can resort to borrowing as international oil companies do to avoid the great waste of public money, especially since the Ministry of Oil announced about a month ago the establishment of the Oil Services Company, and it would have been better to put among its first tasks the management and operation of those fields.”

He added, “The Emirati Crescent Company, which recently won three contracts, also has contracts in the region, which violate the constitution, while the Federal Court previously ruled that the government should not deal with any company that has dealings or contracts with the region. As for the Chinese company Geojiad, it is small and unknown,” calling for “dispensing with companies from neighboring countries, because it involves caveats, and replacing them with international companies.”

Khalifa advises that “the Ministry of Oil should take the middle path of expediting the exploitation and operation of these border and gas fields for the reasons explained above, but not with foreign companies, but with national effort, while giving the operating authority for these fields broad powers like the powers of foreign companies and freeing it from the restrictions of instructions and controls.”

He points out that “the recent licensing rounds failed to refer the gas fields, just as they failed to refer the border fields, in light of Iraq’s inability to meet the needs of its power stations for generation,” stressing “the need to limit the upcoming rounds to gas only, otherwise they will be useless. Iraq’s offshore fields should also be included with the Gulf because the parties adjacent to them are exploiting them without benefit to Iraq.”

He points out that “the world is moving towards renewable and clean energy, and estimates say that the use of oil will decrease after 2060, and therefore we need to exploit oil before its value decreases, at a time when Iraq needs more revenues, and its economy is rentier and depends on oil revenues.”

Regarding the negatives of the licensing rounds, he believes that “the current government’s statement in announcing the imminent celebration of the signing of the fifth licensing round contracts is for gas, and it would have been better to pay attention to the fields of the third licensing round, especially the Akkas gas field, whose production is greater than the two gas fields combined, to be an alternative to extending a gas pipeline from Baghdad to Anbar, and the loss would be doubled.”

It is noteworthy that the oil sector’s imports represent more than 94 percent of Iraq’s GDP, which is the second largest country in burning natural gas in the world after Russia, with losses estimated by the government at about six billion dollars annually, as the Sudanese Prime Minister is counting, during the launch of the latest licensing, on the country obtaining about 3,460 million standard cubic feet of gas and more than one million barrels of oil per day, in addition to increasing investments in the targeted governorates.  LINK

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-19-24

Good Morning Dinar Recaps,

CARDANO SET FOR PERFORMANCE BOOST: HOSKINSON BACKS PROPOSAL FOR COMPOSABILITY AND MULTI-TOKEN FEES

▪️Cardano aims to evolve with a developer proposal to address user “Intent.”

▪️Chang Hardfork and other upgrades complement Cardano’s evolution.

Charles Hoskinson, founder of the Cardano blockchain, has pledged support for a recent proposal to elevate the network’s performance. The proposal specifically focuses on introducing a tool to allow users to pay transaction fees with various tokens besides ADA.

Developer Puts Forth Key Cardano Proposal
Earlier this week, core developer Andrew Westberg proposed tackling prolonged issues on the blockchain. This proposal could alter Cardano’s approach to managing transactions and smart contracts. Westberg’s proposal revolves around the concept of intent related to Cardano’s eUTxO (Extended Unspent Transaction Output) model.

The developer explained on GitHub that many blockchain users often submit transactions without fully specifying all the details. He cited an example using market orders, where users do not specify the exact price they are willing to pay for an asset. This leaves the price open for another system to determine.

These incomplete or partial actions, often called “intents,” present challenges, especially in Cardano, which is known for its strict rules and deterministic nature. Unlike Ethereum, where smart contracts can change a transaction’s outcome during confirmation, Cardano’s protocol requires all transaction details to be disclosed upfront.

This approach ensures the predictability and security of the blockchain platform. Westberg, however, noted that it restricts flexibility, particularly in circumstances where non-determinism, the capacity to change transaction details in real-time, is desired.

Westberg proposed developing a system that allows users to express their “intent” to bridge this gap. He also proposed having the network match and fulfill these intents efficiently, whether on-chain or off-chain. This would make the process more flexible and user-friendly while maintaining the security that Cardano is known for.

In an X post, Westberg urged the protocol developers to prioritize the proposal as it gives the community composability and BabelFees.

“It allows the eUTxO model to shine and pack the hell out of transactions with tons of useful work,” Westberg added.

It is important to note that the Babel Fees feature enables users to pay transaction fees using various tokens, not just ADA. In response to Westberg’s post, Hoskinson commented, “Andrew is correct. It’s a long overdue enhancement that will massively improve Cardano.”  

His endorsement emphasizes the importance of the proposed enhancements for the protocol’s future development.

The Focus on Ecosystem Upgrades
Meanwhile, Westberg’s proposal follows several ecosystem developments implemented by  Cardano. For instance, Cardano unveiled new releases to the Hydra scaling solution in April.

CNF reported that the new version supports cardano-node v.8.9.0 and integrates the Conway block format. Hydra, Cardano’s layer 2 scaling solution, aims to increase transaction speed by offering high throughput, low latency, and the lowest costs.

Subsequently, the blockchain unveiled the Ouroboros Leios consensus mechanism and the Chang hard fork upgrade. The Ouroboros Leios upgrade, which was recently launched, helped Cardano enhance transaction efficiency and scalability, as noted by CNF. On the other hand, the Chang hard fork upgrade introduced Cardano to decentralization governance.

Overall, these advancements, including Westberg’s proposal, are anticipated to strengthen Cardano’s position as a leading blockchain platform.

@ Newshounds News™

Source:  Crypto News Flash 

~~~~~~~~~

CRYPTO EVENTS TURN TO REGULATION AND POLITICS AS US ELECTION LOOMS

Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.

With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics.

Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, Cointelegraph noted that many panels included takes from high-level executives on their predictions for what would happen in the November race between Democrat Kamala Harris and Republican Donald Trump for the US presidency, and what the outcome could mean for the industry in 2025.

Whether the topics of discussion initially focused on regulation or included stablecoins or Bitcoin participants suggested that digital assets had become more of a mainstream issue in US politics in 2024 in a way never before seen.

“Every single panel is talking about regulations,” Ripple’s head of US public policy, Lauren Belive, told Cointelegraph at Swell on Oct. 16, adding:

“We’ve seen a much broader swath now of policymakers really interested in the nuances of this technology.”

The crypto industry has made several inroads in 2024 compared to the US midterms in 2022 or the 2020 elections. During Trump’s presidency from 2017 to 2021, he referred to Bitcoin as based on “thin air,” also calling the cryptocurrency a “scam” after leaving office. Both major party candidates have since made statements suggesting they intend to support the industry if elected.

“I do think there’s a frustration and a sense that this is technology, and technology shouldn’t be a political issue — it’s become one in the United States,” Fireblocks head of legal and compliance, Jason Allegrante, told Cointelegraph. “I think that’s why people are now being much more vocal about what the potential impact of this election is.”

Crypto wins regardless of the outcome?

While regulation has always been a concern for many in the industry, the number of lawmakers and policymakers willing to discuss digital assets — including at crypto-focused events — seems to be increasing.

Trump gave a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee. Several presidential candidates and lawmakers also spoke at the North American Blockchain Summit in 2023, which will resume after the US Election on Nov. 5.

“We’re going to be starting [in 2025] with the most educated Congress we’ve ever had because we have so many first-time candidates who are coming in with positions on crypto,” Blockchain Association CEO Kristin Smith said at a Permissionless panel on Oct. 9.

Coinbase chief policy officer Faryar Shirzad added at a different panel on Oct. 11:

“Regardless of what happens in the elections, we will have a very significantly advanced debate around the crypto issues and a very large cohort of members of the House and the Senate […] who will now come in with brand new pro-crypto voices.”

Prediction platform Polymarket, at the time of publication, put Trump at a 60% chance of winning the US Presidency over Vice President Harris.

The Kalshi marketplace, which began allowing bets on US elections after winning in court against the Commodity Futures Trading Commission, put Republicans’ odds of winning control of the House, Senate, and the Presidency at 42% at the time of publication.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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YOU MISSED THE CONSTITUTION CALL LAST NIGHT?  You can still hear it here!  Click the Youtube link above!

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Saturday AM 10-19-2024

From Recaps Archives

Daz:   ITS EASY TO BELIEVE IN JUST THE FACTS 

I SUSPECT MUCH OF THE STUFF WE HAVE HEARD FROM ALL OVER THE NET OVER THE YEARS CONTAINS AN ELEMENT OF TRUTH..SOME MORE THAN OTHERS OF COURSE.

I DETERMINED LONG AGO THAT THERE HAVE BEEN VERY FEW DELAYS IN THE PROCESS. BUT THERE HAVE BEEN A LOT OF COURSE CORRECTIONS AND FALSE STARTS...AND THE RV WAS EVEN USED AT TIMES AS A TOOL TO PRY OPEN A FAULT OR WEAK SPOT THAT NEEDED REPAIR OR ARREST.

WITH ALL PROCESSES YOU MUST SET GOALS AND THOSE GOALS ARE MARKERS TO MEASURE PROGRESS TOWARDS A FINAL SUCCESSFUL RESOLUTION. SOMETIMES THOSE GOALS ARE HIT...AND SOMETIMES THEY ARE MISSED...BUT EITHER WAY YOU ADAPT, ADJUST AND TRY TO NAVIGATE A NEW OR MORE SUCCESSFUL PATH TO THE END OF IT...ULTIMATELY, IT IS JUST A PROCESS.

I ALWAYS GO BACK TO A SINGLE PIECE OF INFORMATION THAT IN PART, SHOWS CLEARLY A FEW SIMPLE FACTS. AND FOR ME, ITS THE FOUNDATION OF MY CONFIDENCE AND TRUST.

WITH THAT SAID, LETS LOOK AT WHAT WE "KNOW".
__________________________________

 IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY.

IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT.

THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY.

DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004.

THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD.

AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...  THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.

HANG IN THERE BUT...KEEP LIVIN'.

WE'RE READY WHEN THEY'RE READY.

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

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

Bruce   [via WiserNow]   ...the Iraqi dinar... we're hearing now it's either going to be on the forex with a new rate, either Friday night...or Sunday night. My bet is Sunday after the Forex comes back up after having been turned off or closed for 48 hours, which is typical every weekend, from five o'clock Friday to five o'clock Sunday, it's down. It's down so that they can reconcile accounts on forex...The word was get ready for the weekend. 

Pimpy  What is Iraq's Hydrocarbon Law?  ...Iraq Hydrocarbon Law also known as Iraq's oil Law is aimed to create a legal framework for the management of oil production and revenue sharing amounts various stakeholders in Iraq...Stakeholders are the Iraqi government, the companies that are involved, the different provinces, the different governments... Remember you got some very corrupt politicians, if they had it their way, they'd keep it all for themselves but the money is going to be distributed based on the per capita of each province.  That makes it a lot more fair...Each territory is going to decide what they want to do with their version of the funds.

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

BRICS Pay Card Is Here (+Demo!): BRICS Successfully Launches New Payment Card Ahead of 2024 Summit

Len Petrova:  10-18-2024

https://www.youtube.com/watch?v=9AleNK3u9Og

NEW 2024 Fake | How to Spot The NEW Fake Zimbabwe 100 Trillion Dollars Banknote

Banknote World: 

Fraudsters will attack any banknote or product where they think they can make money and get away with their crime.

With the high collector value of the Zimbabwe 100 Trillion banknotes, counterfeiters have tried to produce and pass NEW 2024 Fake Zimbabwe 100 Trillion banknotes.

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

“Tidbits From TNT” Saturday Morning 10-19-2024

TNT:

Tishwash:  Iraq signs gas supply agreement with Turkmenistan

Minister of Electricity, Eng. Ziyad Ali Fadhil, signed an agreement with Turkmen Minister of State for Gas Affairs, Maqsad Babayev, to supply Turkmen gas to power plants in Iraq.

The Minister of Electricity said, according to a statement by his media office: "With the full support of Prime Minister Mohammed Shia al-Sudani, we signed today an important agreement with Turkmenistan to supply 20 million cubic meters of gas per day, which will contribute to the operation of all our gas stations to ensure the national network."

He added: "Turkmen gas will be transported to Iraq via the Iranian pipeline network, according to the swap mechanism in cooperation with the Swiss company (Loxstone Energy)."

He pointed out: "The signing of the agreement was the culmination of intensive technical efforts that extended for more than a year, including multiple meetings and mutual visits, and the signing of a memorandum of understanding last year."  link

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

Tishwash:  A new law to reform the Iraqi economy.. Will it achieve aspirations? 

The economic system in Iraq faces increasing challenges that require firm legislative measures to reform the current situation and achieve a qualitative shift in the national economy. In this context, a new law is being prepared within the Council of Representatives, which is expected to be voted on in the coming period.

The law, which was referred to the parliamentary economic committee months ago, covers all economic aspects of the country, and several workshops have been organized in cooperation with businessmen, industrial experts and economists to ensure a comprehensive discussion of its provisions and to identify the points that should be focused on in the final amendment of the law.

The committee’s deputy chairman, Yasser Al-Husseini, said: “The law reached the House of Representatives in general and the Economic Committee in particular months ago, and it includes all laws that include the economic aspect.”

He added, “The committee held many workshops at all levels, whether for businessmen or industrial and economic experts,” stressing that “the committee is proceeding with reading this law and working to vote on it during the next phase in cooperation with other specialized committees.”
The figures indicate that the economic sector in Iraq suffers from many challenges, most notably technological obsolescence and dilapidated infrastructure, which makes it urgent to have legislation that encourages various investments and clearly defines the partnership between the public and private sectors.

An important step

 In turn, the expert in economic affairs, Abdul Salam Hassan, said, “This law is an important step on the path to economic reform, but it will not achieve the desired results without including specific provisions that focus on developing the productive sectors, most notably the industrial and agricultural sectors, and reducing dependence on oil revenues as a primary source of national income.”

Hassan added in a statement to “Iraq Observer” that “it is also necessary for the law to include measures that ensure stability in the market and facilitate the investment environment by simplifying the legal and bureaucratic procedures facing investors, in addition to providing real guarantees to protect the rights of investors, whether they are local or foreign.”

Experts also stress the need for the new laws to take into account the establishment of strict control mechanisms to combat financial and administrative corruption, and to ensure a fair distribution of resources between the various sectors and regions of Iraq.

These laws must also include stimulating the private sector to be a strong partner in the development process, by providing tax facilities and granting easy investments, in order to create an encouraging economic environment.  link

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

Tishwash:  After a cautious calm... a sudden state of alert was imposed in "Ain al-Assad" in Anbar

Ain al-Assad Air Base, where US forces are stationed, entered a state of sudden alert today, Friday (October 18, 2024), with intensive helicopter flights in the skies of the base. 

An informed source told Baghdad Today, "This afternoon, Ain al-Assad Air Base in Anbar Governorate witnessed the sudden imposition of strict security measures, with intensive flying of helicopters in the skies of the base," stressing that "these measures included the western, northern and southern parts of the base, where the security towers were observed on alert."

He added, "The reasons for this sudden mobilization are not precisely known, but the announcement of Sinwar's martyrdom may be one of the possible reasons for this mobilization, but the matter remains not precisely confirmed," ruling out that "it is within a training framework."

The source explained that "such measures are usually taken based on directives from senior leadership, whether in Washington or the main headquarters in the Arabian Gulf," noting that "sudden alerts come when something is expected to happen."

On the 10th of this month, an informed source reported that the Ain al-Assad base suddenly abandoned the state of maximum alert without prior warning, indicating that the situation is very normal and that the motives behind these changes are not known, but they may be a plan or based on an order from Washington to remove the danger. link

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

Mot:  Why is it called beauty sleep when you wake up looking like a troll

Mot:  me too ""Earl"" - Me too!! – siigghhhhh   

Things to do if you get Rich all of a Sudden- And More

From Recaps Archives

Services You Get As You Get Richer

1. Housecleaning Services  (Your time is worth more than the effort it takes to maintain your living space)

2. Personal Trainer (Reduces stress, improves your health)

3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)

4. Advisors in All Areas  (Attorneys, tax planning, estate Planning, etc.)  

5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind) 

6. Private Medical Care (Healthcare becomes proactive. Access to specialists. Enhances wellness).)

7. Executive Coaching (Improves your decision making, helps in making strategic decisions)

8. Home Security Services (State of the art surveillance systems, background checks on hired staff)

9. Private Travel (No waiting at airports. Flexible travel, Maximize your time, schedule, etc.)

10. Exclusive Country Club Membership (Rub elbows with the right people. Access to Milken Institute Global Conference-$50k, the Bohemian Club-$25k, etc.)

11. Wealth Transfer Specialist (Spheres of influence)

https://youtu.be/VGju3e3cEA8?si=XjdafpsKXuGelZBz

15 Things To Do If You Get Rich All Of A Sudden

Alux: 

00:00 – Intro

 00:56 - Do not let anyone know

01:25 - Pay all of your debt.

 01:58 - Do not quit your job yet.

02:42 - Secure the money and let it sit for a while.

03:31 - Make investment in yourself a priority.

 05:45 - Do not switch financial advisors.

06:27 - Get comfortable, but not rich-comfortable.

 07:09 - Do not invest in your friend's business or lend them money.

08:06 - Do not start a business immediately.

08:46 - Prepare for change.

 09:16 - Focus on getting healthier.

09:51 - the 5% rule.

 10:32 - Protect your kids from the money.

10:58 - Do not cheat on your partner.

11;37 - Play it safe.

https://www.youtube.com/watch?v=8uPMT1U7uyM

Bruce’s Big Call Dinar Intel Thursday Night 10-17-24

Bruce’s Big Call Dinar Intel Thursday Night 10-17-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is, let's see what day it is. It is Thursday, October 17th and you’re listening to the big call -  thanks everybody for tuning in all over the globe. Thank you for being part of the big call universe, as we refer to it as and thank you for just your faithfulness over the years, over the 13 years, many of you, a lot of you, have listened to the call for that long, and so we appreciate that. We really do appreciate your faithfulness and listening - putting up with us and our shenanigans sometimes, but overall, we're still doing the best we can to put out the best information that we can. And, of course, Sue and Bob along, they help keep me straight. Well that's good. And let's do this let's put let's bring in a prayer. Let's pray the call in.

Now let's, let's switch gears and go over to the intel that we have created for tonight. First of all, let’s talk about what Jeannie brought up in her prayer tonight  - the idea of, what about R and R?  we've talked about that – and you know that you're already have your restitution and your reclamation allowance, RNR in your quantum account that you will activate when you do your exchanges at the redemption center –

Those of us who have currencies  - those of us who are redeeming zim, those of us who are doing these exchanges and going into the redemption Center, which is the only recommendation that we make for you to do, is to Set your appointment at the redemption center and go, and I've told you, the rates are higher at the redemption center, and that's going to be your best bet. Okay,

So - what you need to realize is that R & R is in your quantum account, you will get a quantum card, which is three times the thickness of a credit card. And you'll have that. You'll also plug it in to get this card biometric fingerprint or thumbprint reader that'll put that onto a chip into the card.

You'll also have a new  - well, you have a username and password for your quantum accounts, username and password, then you also will have a five digit pin, which is good for you. So you need to kind of create a five digit PIN number, personal identification numbers, what pin stands for, right? So you'll have a five digit on that, and then you'll also have, let's see, beyond that we get into you'll have a brand new email you'll set up for this purpose of not one that you already have, but a new email, and it might be Gmail.

 It's,  I understand, very secure these days as new people bought Google, and it's it's a better, safer way to go. So Gmail is good, or whatever you're you want to use if you don't like Gmail, and then you also would have a new password for that email.

So those are steps that you make in setting up your quantum account, getting your quantum account card -  so remember -  you don't charge anything on this card. This is something that you use only to move money from your quantum  account  into your primary or secondary bank accounts

Ok and my understanding is you can tie that quantum account to three separate banks  -Wells would be the first - If you use a couple of other banks  you could attach those banks to the quantum account at a later time

But on day one – when you go into your exchanges – and redemption of zim – you’ll get that account set up – your quantum account – and you’ll also get a debit/credit card – already made out for you at Wells Fargo – at the redemption center -  which is working through the Wells Fargo bank – You’ll have that too and you’ll have funds you’ll move from your  quantum account into your - let's call it master account -  or primary bank account with Wells -  and that availability is on your credit/debit card.

It's also something you could wire funds from that account if you have large amounts that you need to send off.  And it also gives you the ability to write checks on that account if you are a check writer, okay, so you have ways to access those funds that you move in.

And how much can you move in for 60 days? It can be a large amount. Doesn't have to be, you know, a few $1,000 or $100,000 it can be millions or even a billion or more dollars that you can move.

 And then that's all you'll be able to do at the redemption center - later you can set up like  in my case I'm using four LLCs. I'll have the master account in the name of my master trust. And then the four LLC will be in the names of the LLCs that have already set up with and those will be four separate accounts, that will be tied to  LLCs,

That's what I'm going to do,  I’ve been advised to  use LLC’s  instead of nonprofits or foundations. That's just coming from my attorney and his experience of 35 years teaching trust law, and he said, Look, this is the way we're doing it. And I said, Yep, that makes sense. Let's do it that way. We set all that up already, so that's going to be ready to go

Now – let’s get off of that and talk about – we’ve talked about R & R – Let’s talk about the -- let's see what the next thing. Oh, Social Security increases. I don't know that I mentioned this on Tuesday. I cannot remember whether I said anything about it. I might have.

 But just as point of review, Social Security increases are not going to be in October they are  supposed to occur in the month of November. And this is how it works. We get paid social security. And you guys already know that if you're receiving it 62 and older, if you sign up for early social security, you're you can get it at the age of 62 -  my understanding  is you can sign up for that six months prior to your 62nd birthday, all right?

And so something like, I signed my signed up. I'm going starting age 63 Well, if I've been on the ball, I would have signed up six months before my 62nd birthday, and had that all ready to go at age 62 - would have been nice, but that's just what I did,  Some of you guys ride this thing all the way out and not touch it till you're 70 and a half years old. That's your prerogative. Fine. Do what you want to do on social   but increases  are coming in the month November we are told – by a soc sec representative we contact

And it’s going to be -  let's say your first Wednesday of the month is your Social Security Wednesday, first Wednesday, you would get your increase in the second week of the month, your normal security in the first Wednesday, and then a week later you get your second, which is your increase amount.

And we're looking to get increases of 80% to 100% of what you're normally getting - 80 to 100% increase.

So those, those guys that are getting 2500 or 3000 a month, to 80% of that, and that's what would be added in your second payment of the month. If your second week, Wednesday, second week, it's your increase in the third week. If your third week, you get your regular Social Security amount in the third Wednesday, then you get your increase in the fourth week.

 If you’re  fourth week, you would get your regular social security in the fourth Wednesday - and your fourth Wednesday, and November is the 27th I believe, and then you would get your addition increase 2 days  later, in that case, two days later, which would be the 29th of November. November has 30 days.

So that's how it's set up to work from our source at Social Security. We'll see if that's what happens. I know we've been pushed month after month after month after month. I remember three, four, maybe five times. We've been told social was coming and it hasn’t yet  - I think it started back in April, April, May, June, July, August, September, wow. It started back in April  its more like 6 months ago,

So that's what I've heard, and that answers, you know, the question about Social Security increases, as far as we know that’s it -  All right, now let's move into what’s going on right now.

In terms of  -- we do watch the Iraqi dinar, which is sort of a linchpin for everything going and we've read the Iraqi dinar was not on the Forex yesterday or today, as we thought it would be yesterday, and it was not. And we're hearing now it's either going to be on the forex with a new rate, either Friday night, which is tomorrow night, or Sunday night.

My bet is Sunday after the Forex comes back up after having been turned off or closed for 48 hours, which is typical every weekend, from five o'clock Friday to five o'clock Sunday, it's down. It's down so that they can reconcile accounts on forex. And I don't see it coming up Friday night.

But It could and it could be Sunday after five that it comes back. All right, so here's the next part that's that's good, that's important. We need it to show up. But now where do we stand let's talk about bondholders.

Bondholders have been told that theyare receiving their email – which will let them know when they can have access to their accounts, those emails were to go out today, tomorrow or Saturday, three days that they would go out, Thursday, Friday, Saturday, today's Thursday, they would go out one of those, or maybe all of those, three days to bond holders , and it would inform them of when they would have access to their funds in their account.   And I believe they're going to find that the date they were told would have access to those funds  will be on Tuesday.

Now, in keeping with the idea of a shotgun start – the new version of the shotgun start is calling a rollout - Is being called a rollout. They are rolling out the toll free numbers to us. And it looks like we're going to get possibly something over the weekend, but I'm also hearing we can get it Monday possibly Monday morning or mid morning -  that we would receive our toll free numbers in those emails from Wells Fargo.

Why do I say all the way to Monday? Because we know the redemption center staff going in at 9:15, 12:15, they're staggering them going in  -- Now, why would they be in? Well, it would be so that they can be there to set our appointments at those redemption centers.  

So Personally, I think that's our Go date. I think Monday - when we get numbers, we set our appointments to start exchanges, hopefully on Tuesday, which is the 22nd

Now, why the 22nd  why the 21st which is Monday? Because the BRICS nations are intending to bring out their reserve currency on Tuesday the 22nd and you guys know we've had back walls  and  had back walls knocked down in the past, and they have never come to fruition - when we've had a back wall in the past, it's never come to fruition for us.

I believe we're going to have an opportunity if everything holds out, to get our notification Monday and set our appointments Monday  and start exchanges  on Tuesday, the 27th

Now that is what we have heard by several of our sources that tend to agree. There's an occasional source that says Sunday or Monday we get notified, hey, I'm open to it any day, even tomorrow.

The word was get ready for the weekend. Well, who? Who us in tier four? 4B specifically, we've also heard that the admirals group that the admiral has initiated funding into the admirals group's accounts. We also know that so far, nobody has nobody in the admirals group that we know of has received notification from the admiral yet of that fact – that they have funds in their account, but I believe that will occur, and it might just time exactly likely with us getting notified on Monday.

That's my suspicion – that is that they will be notified at the same time we’re notified – and hopefully it will be on Monday -the 21st

So that’s a long way around  to tell you that things are moving forward for us, hopefully this back wall, if we want to call it that, even though it's a banned phrase on the big call.  – just kidding but it should be, is that we should get this thing moved through – that would put us there on the 21st the 22nd we would start our exchanges and go through the end of October.- and probably continue on for another week or so in November for exchanges,

Remember the process is - once you see the toll free number in your email, or on the big call universe  website, or in an email that we send out from big call universe, and you have that number as well , we won't send it out unless we confirm that the number is correct.

So we'll get that out to everybody that's registered on big call universe.com, and and that way you'll have it

So when you get that 800 number you'll call, you'll set your appointment with through the call centers. There are two, three, I think six of throughout the country, six call centers.

And that was a regional, probably by time zone, and that way, you'd be able to set your appointment through the call center and get delivered or rerouted, if you will, once you're on the phone to the redemption center that you indicate is the one closest to you based on your zip code alright - and once you enter that in and go, you'll should speak with someone at the redemption Center, where you are going to be exchanging a live human being a nice person that will probably be one of the people  you’ll be meeting at your redemption center.

Okay, so I hope that's clear to everybody. I wanted to make it clear. I wanted to say it again to you, and I can tell you that we still are looking at an extremely high contract rate on dinar -  should be offered to us - we have a on par rate on the Zim. If you know what on par means with the USN, you should by now and the other currencies are going to be – except the dong  will be higher – but the other currencies are  between 3 and 6.50 - the other currencies that are going up in value.

So … that is what I wanted to tell you guys tonight – and I think that would take care of most of the questions  that you would have  - I’m trying to think ahead of what is important to you. Make sure you bring one or two photo ID’s of yourself - make sure you have a copy of a what do you call it? A utility bill, cell phone bill, utility bill that shows your physical home address, so that they know that you're a real person, and you live at this address - bring that  as well

Bring a copy of your presentation that you want to present, which might be a very short presentation, no longer five to eight minutes, but maybe three to four or five minutes. And of course, don't forget your currency.

Make sure it is lined up by de nomination. If you've got dinar - don't mix your 10,000 notes in with your 25k notes. Don't put your 5k notes - Try to separate them by denomination. And if you, if you know and do it that way -  same thing's true on Zim, same thing's true on all the currencies. Try to keep your denominations - each note with like kind amounts of each note and attach them or bundle them  - however you want to do it -  in envelopes or whatever.

Make it easy for them. So they say, Oh, okay. 25k and our notes, Oh, I see. These are all 200,000 dong notes  etc, you know? Oh, these are all 50 billion dollar  zim notes.  Oh ok these are all Trillion or 10T notes of zim. These are 50 T zim notes. These are 100T notes - whatever they are – try to keep them separated by denomination

okay, and then get that out so they can, go through those, and they'll go through and that’s just terrible separate those, and use the Delarue machine to count and verify your currency , and they'll do all of that.

So I just wanted to bring that up and say that's what we wanted to cover tonight. I think we should pray the call out  - so let’s do that right now.

Bruce’s Big Call Dinar Intel Thursday Night 10-17-24  REPLAY LINK  Intel Begins   1:18:55

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHs9n

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24  REPLAY LINK  Intel Begins 1:11:00

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

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24  REPLAY LINK  Intel Begins   51:11

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

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

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

Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  REPLAY LINK  Intel Begins   1:08:08

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

Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgB5

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:00:40

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

Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  REPLAY LINK  Intel Begins 56:36

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHg0Y

Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-18-24

Good Afternoon Dinar Recaps,

XRP LEDGER DDOS ATTACK: MAGNETIC X DEFIES HACKERS, BOOSTS SECURITY

▪️Magnetic X successfully fended off a DDoS attack.

▪️The exchange faced a similar attack in January.

▪️Magnetic X remains committed to providing decentralized trading services on the XRP Ledger.

Magnetic X, a rapidly growing decentralized exchange on the XRP Ledger, recently stopped a major distributed denial of service (DDoS) attack. The attack aimed to overwhelm the platform with traffic and disrupt its services, but the development team acted swiftly to protect the exchange.

The attackers demanded a ransom of several thousand Tether (USDT), but the Magnetic X team refused to comply. Instead of negotiating, they chose to boost the platform’s security to prevent further issues.

Let’s dive into the details of this epic showdown!

Magnetic X Refuses to Pay
The team quickly increased server capacity to handle the surge in traffic, ensuring the platform could manage millions of requests without any loss of user data.

Thanks to this rapid response, services were restored quickly. The exchange reassured users that it is now fully secure and recommended clearing browser cookies to fix any remaining issues.

This wasn’t the first time Magnetic X faced a DDoS attack. In January, a similar incident on the XRP Ledger saw millions of records flooding the nodes, which affected the functioning of the ledger’s historical transaction records.

Standing Strong Despite the Challenges
Despite these setbacks, Magnetic X has remained strong, continuing to provide decentralized trading, automated market maker (AMM) pools, and yield farming. The quick response to the latest attack demonstrates the exchange’s dedication to security and reliable service.

With its upgraded infrastructure, Magnetic X aims to stay at the forefront of decentralized applications (dApps) on the XRP Ledger, setting high standards for security and stability in the decentralized finance space.  Security, stability, and service. That’s Magnetic X.

@ Newshounds News™

Source:  CoinPedia

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SINGAPORE'S BIGGEST BANK DBS INTRODUCES 'TOKEN SERVICES' TO ENABLE BLOCKCHAIN-BASED BANKING

▪️DBS Bank said that its new suite of products will help institutional clients optimize liquidity management and streamline operational workflows.

▪️“DBS Token Services” integrates tokenization and smart contract-enabled capabilities with the bank’s existing banking services.

DBS Bank, the largest bank in Singapore by assets, has rolled out a suite of new services dubbed “DBS Token Services” as the bank continues to develop blockchain-based options for institutional clients. In a statement shared with The Block, DBS said that the new banking products integrated tokenization and smart contract-enabled capabilities with its existing banking services.

The DBS Token Services integrated the bank’s Ethereum Virtual Machine-compatible permissioned blockchain, its core payment engine and multiple industry payment infrastructures, according to the statement. Also, smart contracts enable programmability for institutions to govern the use of funds.

Specifically, the new services include Treasury Tokens, Conditional Payments, and Programmable Rewards.

Lim Soon Chong, group head of global transaction services at DBS Bank, said that DBS Token Services enables companies and public sector entities to “optimize liquidity management, streamline operational workflows, strengthen business resilience, and unlock new opportunities for end-customer or end-user engagement.”

DBS introduced Treasury Tokens in August in partnership with Ant International, allowing multinational corporations to settle multi-currency intra-group transactions around the clock.

DBS also intends to explore further applications of Conditional Payments, designed to improve payment workflows. Another feature, called Programmable Rewards, allows institutions to curate digital voucher programs.

“Using a permissioned blockchain provides DBS full control over these services, enabling the bank to harness the benefits of blockchain technology while adhering to compliance standards,” the bank said.

@ Newshounds News™

Source:  The Block

~~~~~~~~~

🌍CONSTITUTION FRIDAY NIGHTS CALL  |  Youtube

Jim is part of the team that has researched the history of our Constitution over the last decade plus years and is a working member of the  Washington Assembly in Washington, a state of the Union of States that we know as America. 

He will answer any questions you have about how we lost our rights and why our government does not follow the Constitution as our founders laid out for us in our original Constitution of 1776.

If you have not heard of your Strawman accounts, how you lost your rights with your Birth Certificate, and how you are really a British citizen, then you need to join us on these calls and start asking questions.  He will even let you know how you can correct these atrocities. You can start by listening to previous calls on our youtube channel below under the video topic labeled The Constitution.

We have been lied to our whole lives by our government.  So come join us tonight and learn the truth about our real history.

Join us tonight at   5 PM PT  -   7 PM CT  -   8 PM ET   in the Constitution Room on Telegram

You can download the Telegram APP here:  https://telegram.org/

@ Newshounds News™  

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

More News, Rumors and Opinions Friday Afternoon 10-18-2024

BRICS Summit in Russia Tues. 22 Oct to Thurs. 24 Oct. 2024

The BRICS summit is a chance for several nations to discuss the continued evolution of the alliance’s dealings and initiatives. This means that it will welcome both members of the collective and countries with aspirations to join.

This year, the bloc is set to introduce partner nations. This could have expansion looking very different than it did last year.  Although the bloc will likely add new members, it won’t be in the same way it did in 2023.

Many of those nations are set to attend, according to reports. Specifically, there are more than 32 countries taking part in the gathering and discussions. Among them will be a lot of nations that have expressed interest in joining.

This means that Turkey, the first NATO member to seek BRICS membership, has confirmed its key leaders will attend the gathering. Moreover, Nigeria, Malaysia, Thailand, Venezuela, and Cuba will send delegates to the event. Many of these leaders have confirmed they will be in Kazan next week.

The BRICS 2024 Summit should have a full house throughout the two days. Moreover, its nine members have confirmed they will be there. This means that Russia, Brazil, India, China, South Africa, the United Arab Emirates (UAE), Egypt, Iran, and Ethiopia should be present.

https://dinarchronicles.com/2024/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2024/

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

KTFA

Clare:  Planning: The percentage of completion of operations related to the population census exceeded 90 percent

10/18/2024  Baghdad

The Ministry of Planning confirmed, on Thursday, that the percentage of completion of the population census work exceeded 90 percent, and that it was completed in most governorates, while it announced a decrease in the need for schools and stability in the annual inflation indicators.

The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the percentage of completion of operations related to the population census has achieved great progress," explaining that "work began in the field since the first of September for a period of two months, but rapid progress may lead to the completion of operations before the specified date."

He pointed out that "the work will be completed before the end of this month, with the exception of the three governorates of the Kurdistan Region (Erbil, Sulaymaniyah, Dohuk), in which work was delayed for technical reasons," noting that "the completion rate has reached more than 90 percent."

Regarding the country’s need for schools, Al-Hindawi said, “Previous estimates indicated a need for about 6,000 schools, but the implementation of many projects within the framework of the Chinese agreement and other activities significantly reduced the need,” indicating that “the ministry is awaiting the results of the general population census to provide an accurate figure on the number of current schools.”  LINK

8*********

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

Mnt Goat  Does the CBI have a time table to their plan of reforms and are they following it?  ...they are now targeting early 2025 for the reinstatement. Everything they are doing from now to the end of year is geared towards this target is on a timetable.

10-18-2024   Intel Guru Frank26   Article:   "Iraq Increases Reserves at IMF by 50%"  MANY CENTRAL BANKS AROUND THE WORLD INCREASE THEIR RESERVES WITH THE IQD... BECAUSE IT'S NO SECRET.

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BRICS Gobbling Up Gold as '500 Black Swans' Circle the West: Bob Moriarty

Commodity Culture:  10-18-2024

Bob Moriarty believes the Western hegemony is in crisis mode as incompetent and corrupt political leaders plunge their countries into a debt-based abyss and push for unwinnable wars that will end in disaster.

Bob points out that Russia and China have been gobbling up gold more than any other nation and in the new monetary system ahead, the BRICS nations will send the US dollar packing and establish a long-lasting reign as the next global superpower.

00:00 Introduction

00:42 Can the BRICS Unit Challenge the USD?

11:02 Final Days of the Western Empire

13:53 We Are in the Fourth Turning

17:13 Gold Mining Stock VS Gold

19:08 Gold Stocks to Watch

21:09 How to Evaluate Gold Stocks

23:30 Outlook on Silver Market

25:42 Will the US Election Take Place?

30:23 Why Won't the West Negotiate With Russia?

35:54 Being Geographically Diversified

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

Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman

Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman

Kitco News:  10-17-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who says the world is bracing for a reset, with a new system potentially revaluing gold to $150,000 an ounce.

Schectman breaks down what to expect from the upcoming 16th annual BRICS summit being held in Kazan, Russia, on October 22-24. He explains reports around the new common currency known as the ‘Unit’ and elaborates how Project mBridge fits in.

Schectman talks about the future of the U.S. dollar, the accelerating de-dollarization trend, U.S. response, and the inevitability of central bank digital currencies (CBDCs). He also shares his view on gold in this new one-world system that he forecasts.

00:00 Coming Up

02:08 Introduction: BRICS Summit

 04:21 De-dollarization and Gold Accumulation

07:42 Central Bank Gold Repatriation

11:04 Project mBridge and the ‘Unit’

13:46 BRICS Expansion

23:21 Common Currency

41:33 CBDC, Future of Currencies

 53:49 US Response

58:25 Fiscal Irresponsibility

59:12 Decline of the Dollar’s Purchasing Power

 01:02:58 Global Economic Shifts and BRICS

01:10:05 Role of Gold in a New Economic System

 01:13:26 Speculations on Gold Revaluation

 01:18:47 Future of the Dollar

https://www.youtube.com/watch?v=-K6tTaqPXXk

Coffee with MarkZ. Friday 10/18/2024

Coffee with MarkZ. 10/18/2024

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

No Mr. Cottrell today. He will be on Marks podcast next Monday and Friday

Member: Good morning y’all. I pray that everyone is well and ready to be blessed!

Member: Another week bites the dust

Member: I hear RV between the 22nd and the 26th October.

MZ: There are a couple bank stories this morning. “Two days ago a Chase bank lady came into my store. I asked her if she knew about the new money? Yes- she said…..We are on a 24 hour call plus we are training on the new system”

MZ: “Just now spoke to someone at Wells Fargo and they said they know about the new money but its not quite time to release it yet”

MZ: “Spoke to the teller at my Chase bank this morning in Arizona. I asked if this branch would be a RV center….He didn’t know what I meant so I told him about the dinar. He said he was from Iraq and still has family there. He told me that Iraq was in a Renaissance and is a very prosperous nation. He also confirmed Iraq has gone to a new digital banking system. “

MZ: Iraq dinar will not keep that low value long.

Member: Friend in a small credit union in Oregon, went in and asked about the new currency. She said they had it and was shocked he knew about it.

Member: coworker's mother is a manager at WF Bank. she says the money is there, just waiting to be told when to start using it.

Member: A coworker told me his dad was told by a 5/3 teller that they have rainbow currency in the vaults! In Chicago

Member: My Huntington Bank drew up my gifting letters and gave me the cost to exchange. I am going to talk with them about a currency account next week

MZ: We have seen some different rates lately at the banks……Some had gone from .00076 to .01 . Hopefully we are going to the banks soon

Member: Huntington Bank is selling dinar and dong.

Member: Any bond news?

MZ:  Noone is running around with cash in their pockets but I know of a couple facilitators that have received funds. They are asking historic bond holders for the next series for next week. This means that somewhere between now and then they have to start paying out on those German bonds…I am very much paying attention to this in the next few days.

Member: I think your bond people have money in the bank but it's not liquid yet. I believe when they pull the trigger for all of us when their money becomes liquid and we are able to start setting appointment

Member: Are redemption staff working this weekend???

MZ: “New online tools let Iraqi small businesses  navigate export rules” this is mostly about agriculture quality and packaging and what it takes to sell on the international market. This is something we have not seen in Iraq since the 1970’s

MZ: “Customs concludes and agreement with the Land Transport company to ensure the payment of customs duties and taxes for goods in transit”  This is more modernization.

MZ: “Washington supports Iraq’s efforts to achieve comprehensive economic development”  Whenever a country is about to revalue- you will see this lady (Alina Romanowski) being an ambassador there.  She had experience with Kuwait.

Member: Mark, do you believe nothing can happen in Iraq until the parliament approves an unconstitutional budget? Or is all of that bla bla?

Member: If the budget needs the rate….it could happen about the same time…imo

Member: With the HCL funded is the RV imminent?

MZ: HCL- We keep seeing rumors but they have not announced it. I believe they have done everything but just not announced it .

Member: GOLD & SILVER TRADING UP WITH GOLD NOW AT $2,730 & SILVER AT $32.77 (REALTIME)

Member: Gold jumped almost $22 with Silver reaching for $33 Something’s shaking

MZ: This is shocking to me this morning -Watching gold and silver

Member: I'm ready to see silver break above $33.225 and then it's off to the races IMO

Member: Brics summit will go a long way to see what happens about the RV…Starts on Monday next week

Member: I heard Chase and BOA are close to bankruptcy

​​Member: That banking info was shared by Jeff Rahm at Fearless Floyd in the last 2 days. BOA, Chase & Duesche Bank collapse/merger

Member: Chase is sure opening a lot of branches for being close to bankruptcy

MZ: BOA is certainly behaving like a bank on the ropes. But are they on the ropes? We don’t know for certain. I argue all banks are on the ropes because of derivatives.

Member: I haven’t heard that shotgun yet . Praying to get it soon!

Member: Remember we are privileged to be invited to be Involved. This is major in Iraq and they have no concern for us investors! Stay positive, keep working, and change your mindset to abundant and service.

Member: Enjoy your day and stay positive.

CBD Guru’s join the stream today. Listen to the podcast for their information

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

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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.

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Iraq Economic News and Points To Ponder Friday AM 10-18-24

Its Currency Is “BRICS”... Government Advisor: A Global Monetary And Financial System Is About To Be Born 
 
Economy ​ 10-16-2024, 19:05 |Baghdad Today – Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Wednesday (October 16, 2024), that a monetary and financial system for payments that enjoys international acceptance and credibility is “imminently born.”
 
Saleh said in a press statement, regarding his expectations for the outcomes of the upcoming BRICS summit in Kazan, Russia, that “a monetary and payments system is imminent and enjoys international acceptance and credibility, and  the new monetary situation must impose an official character in the arrangements for Special Drawing Rights (i.e., a currency).

 International Monetary Fund (IMF), that is, the BRICS currency has a high weight in the weights of world currencies, according to which the International Monetary Fund deals with the stability of the exchange rate and the strength of the new international currency (BRICS currency).”

He added:   “The Kazan summit must come out with an official announcement about the new international reserve currency called the BRICS currency,  which will undoubtedly represent an economic force for approximately
 
     40% of the world’s population, and represents about
     30% of the size of the global gross domestic product, especially since The
     five countries contribute significantly to the global economy, representing approximately
     25% of the global GDP alone.”

 He pointed out that  "China and India are considered two main drivers of this growth, with
their economic power increasing significantly in the past two decades until the present time, and there is no doubt that half of the global trade is controlled by the group." Saleh added: “With this, the
 
BRICS group seeks to
 
     reshape the global economic system in line with its interests, and
     challenge the traditional dominance of Western countries in international economic institutions, especially the
     establishment of its own financial institutions such as the New Development Bank.”
 
Russia holds the rotating presidency of the BRICS bloc this year, under the slogan “Strengthening multilateralism for equitable global development and security.”
 
Since assuming the presidency of the group, Russia has organized more than 200 political, economic and social events, and the main event will be the BRICS summit with the participation of a number of heads of state, which will be held in Kazan from October 22 to 24.
 
The BRICS group is a joint association between several countries that was created in 2006 by Brazil, Russia, India, and China, and later in 2011, South Africa joined it.
 
Since the beginning of 2024, Egypt, Ethiopia, Iran, the UAE and Saudi Arabia have joined BRICS.   
 
https://baghdadtoday.news/260116-عملته-بريكس.-مستشار-حكومي-نظام-نقدي-ومالي-عالمي-على-وشك-الولادة.html   

Central Bank Of Iraq’s External Remittances Surge
 
 Iraq October 17, 2024  The Central Bank of Iraq. Photo: INA  Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) plays a crucial role in managing remittances and foreign currency transactions within the country.
 
The remittance environment has seen notable advances and changes in recent times, which may be attributed to governmental actions and wider economic factors.
 
Through its currency auction, the CBI claimed a 91 percent rise in overseas remittances in March 2024.
 
The bank sold almost $213.4 million at this peak in a single auction, with the majority of the proceeds going for documentary credits and remittances.
 
For documentary credits, the exchange rate was established at 1305 Iraqi dinars per US dollar, while for cash transactions, it was 1310 Iraqi dinars per US dollar.
 
The efficacy of the CBI’s monetary policies in stabilizing the Iraqi dinar and promoting foreign exchange flows is demonstrated by this growth.
 
Additionally, the CBI has taken action to stop money laundering through the remittance network.
 
The implementation of an electronic foreign remittance platform has been crucial in identifying genuine beneficiaries of transactions, thus reducing avenues for criminal operations, as stated by the CBI Governor, Ali Al-Alaq.
 
This platform is part of a larger plan to improve international standards compliance and financial transparency.
 
Some Iraqi banks have lowered their external remittance charges to 0.5 percent in order to improve the remittance process.
 
This is in accordance with CBI regulations that seek to increase the accessibility of foreign currency services.
 
It is anticipated that this decrease would motivate more people and companies to use official channels for their remittance requirements.
 
The CBI’s recent remittance measures are part of a larger attempt to expand access to financial services for all individuals, increase regulatory compliance, and stabilize the economy.   
 
https://www.iraqinews.com/iraq/central-bank-of-iraqs-external-remittances-surge/   

Al-Sudani Stresses The Importance Of Banking Reform By Enhancing Citizen Confidence And Cooperation With Investors
 
 2024-10-17 | 203 views  Alsumaria News – Economy   Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of banking reform in enhancing citizen confidence and cooperation with local and foreign investors.
 
said Office The Prime Minister's in a statement received by Al-Sumaria News,
 
"Al-Sudani chaired a special meeting on efforts related to developing the work of the government banking sector, in the presence of representatives of Ernst & Young for auditing and financial consulting." The office added,
 
 “During the meeting, a package of recommendations was presented by the company to proceed with the reform of the Rafidain Bank, which included the new legal status of the Rafidain Bank, its capital, its business strategy, and the new consultant who will work with the bank to meet the global requirements of modern banking, as
 
these recommendations will be presented to Council the Ministerial.”
 
The economy will then submit it to the Council of Ministers for approval.” According to the statement, Al-Sudani explained that
 
 “the issue of structuring Rafidain Bank is the first of the government’s banking reforms, which was given special attention to follow up on all its reports, submitted by the concerned authorities, especially from the committee concerned with the structuring process.” The Prime Minister stressed
 
"the importance of the banking sector reform project, which began with Rafidain Bank," noting
 
"work to provide a bank with specifications and standards through which problems can be overcome and confidence given to citizens, in addition to enhancing cooperation with local and foreign investors."   
 
https://www.alsumaria.tv/news/economy/503508/السوداني-يؤكد-أهمية-الإصلاح-المصرفي-بتعزيز-ثقة-المواطن-والتعاون-مع-الم   

A Specialized Course In The Work Of Exchange And Brokerage Companies (A, B, C)

 October 17, 2024    Reference to the circulars of the Directorate of Supervision of Non-Banking Financial Institutions in Nos. 3/3/33 and 15/3/33 dated 1/21 and 3/13/2024 to oblige all licensed exchange companies under categories (A, B) and brokerage companies under category (C) Buying and selling foreign currencies, all approved by obtaining a specialized certificate in the work of their companies ... for more uncles and a list of names of candidates       Please notify your candidates whose names are listed above       https://cbi.iq/news/view/2693   

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Friday Morning 10-18-24

Good Morning Dinar Recaps,

RIPPLE NEWS: SEC’S FORM C FILING SPARKS BACKDATING CONTROVERSY; HERE’S THE TRUTH

Today, the SEC shared specific details about its appeal regarding the Ripple XRP lawsuit. For the past two weeks, it was clear the SEC intended to appeal, and they have now filed a Form C to outline their arguments.

What the SEC is Appealing
The SEC is focusing on Ripple’s programmatic sales of XRP on digital asset trading platforms. They are also bringing Ripple executives Brad Garlinghouse and Chris Larsen back into the case, alleging that they aided and abetted these sales.

However, it’s important to note that the SEC is not appealing the court’s ruling that XRP is not a security, nor are they contesting the $125 million monetary penalty imposed on Ripple.

The fact that the SEC isn’t appealing the classification of XRP as a non-security is seen as a positive development for the market. However, there are still challenges ahead for Ripple and its executives.

Market Reaction and Legal Concerns
Following the SEC’s filing, some pro-XRP lawyers expressed concerns on social media, claiming that the SEC backdated their filing. They raised questions about the timing and ethics of the filing.

However, former SEC lawyer Marc Fagel pointed out that the SEC downloaded supporting documents just before submitting the filing, which raises suspicions about whether they were fully aware of their obligations.

Attorney Bill Morgan questioned the reasoning behind waiting a day to submit the documents and suggested that if they prepared the filing on the 17th but dated it the 16th, it could indicate ethical issues. Marc agreed, questioning why they would download the documents on the 16th and delay submitting them. While there could be a filing error, there’s currently no evidence to support that theory.

Marc replied and said, “Backdating is bad. I don’t think anyone would disagree (I spent several years at the SEC on backdated stock option cases). But we can speculate all sorts of things which would be bad without benefit of evidence.”

@ Newshounds News™

Source:  CoinPedia and Form C

~~~~~~~~~

BRICS ADVANCES PLANS FOR ‘MULTICURRENCY SYSTEM,’ AIMING TO DETHRONE US DOLLAR

▪️Russia is proposing the use of multicurrency payments in BRICS to minimize the dependence upon the US dollar.

▪️Russia proposes using blockchain to minimize expenses and dependence on the conventional banking sector.

Russia has called on BRICS nations to establish a new cross-border payments network as part of a broader strategy to reduce dependency on the global financial system, including SWIFT. The proposal is to enhance the economic relations within the bloc and to promote intra-bloc dealings in local currencies.

This comes in the wake of several actions taken by the US and its allies, including closing major Russian banks from the Society for World Interbank Financial Telecommunication (SWIFT) and seizing Russia’s foreign assets. It is worth noting that Russia has been subjected to several severe sanctions since it launched the operation in Ukraine in February 2022.

BRICS Multicurrency System Proposal

The Russian Finance Ministry, the Bank of Russia and the Moscow-based Yakov & Partners have submitted a report on the ‘multicurrency system’. The proposed system would shield the BRICS countries from outside threats, including sanctions that have extraterritorial jurisdiction.

The report stresses that US foreign policy is not always congruent with other countries’ interests, and this is why the country needs financial independence.

The network would rely on a group of banks with international capabilities that would be able to operate in the local currencies of the BRICS countries. Further, it has been suggested that the BRICS member central banks should establish direct links to minimize the impacts of external financial pressures.

The plan also includes the establishment of new trading platforms for major goods, including oil, gas, grains, and gold, to boost trade within the BRICS countries. These measures are considered to be a broader plan for decreasing the use of the U.S. dollar in international transactions.

BRICS Members Prepare for Upcoming Summit in Kazan
While Russia has been trying to decrease its exposure to the US dollar, other members of the BRICS have remained connected to the dollar-dominated financial system. According to the Brookings Institution, the USD was used in 58% of cross-border transactions that did not involve the euro in 2022, and 54% of trade finance instruments were denominated in USD.

The release of Russia’s report comes amid preparation for the BRICS summit scheduled to take place in Kazan from the 22nd to the 24th of October. The summit will be led by President Vladimir Putin after the recent addition of Iran, the United Arab Emirates, Ethiopia, and Egypt into the bloc.

Russia also suggested in the report that DLT could further improve cross-border payments within the BRICS framework. The system would use tokens for settlements and be a multinational platform. The report notes that the major advantage of DLT is the ability to reduce credit risk.

In addition, the use of DLT can also decrease the time and the costs in the process since there are no need for correspondent banks and do compliance checks. The authors estimate that if BRICS countries use this system for half of their cross-border transactions, the total annual cost could be reduced by $15 billion.

@ Newshounds News™

Source:  Crypto News Flash

  ~~~~~~~~~

🌍CONSTITUTION FRIDAY NIGHTS CALL  |  Youtube

Jim is part of the team that has researched the history of our Constitution over the last decade plus years and is a working member of the  Washington Assembly in Washington, a state of the Union of States that we know as America. 

He will answer any questions you have about how we lost our rights and why our government does not follow the Constitution as our founders laid out for us in our original Constitution of 1776.

If you have not heard of your Strawman accounts, how you lost your rights with your Birth Certificate, and how you are really a British citizen, then you need to join us on these calls and start asking questions.  He will even let you know how you can correct these atrocities. You can start by listening to previous calls on our youtube channel below under the video topic labeled The Constitution.

We have been lied to our whole lives by our government.  So come join us tonight and learn the truth about our real history.

Join us tonight at   5 PM PT  -   7 PM CT  -   8 PM ET   in the Constitution Room on Telegram

You can download the Telegram APP here:  https://telegram.org/

@ Newshounds News™  

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Friday AM 10-18-2024

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. 18 Oct. 2024

Compiled Fri. 18 Oct. 2024 12:01 am EST by Judy Byington

Possible Timing

Judy Note: These Possible Timing Dates have been adjusted according to new information received – perhaps the changes were made because of use of the Julian Calendar?

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched the fiat US Dollar and will now pay trade in local gold/asset-backed currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct shot at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

On Tues. 15 Oct. 2024 Zimbabwe’s new gold-backed currency officially entered general circulation.

On Thurs. 17 Oct. 2024 the gold-backed Chinese Yen replaced the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar ceased to exist because it has no value and cannot be used for international trade.

On Thurs. 17 Oct. all banks (allegedly) closed worldwide that were not Basel III Compliant (have gold backed currency).

Thurs. 17 Oct: International Day for the Eradication of Poverty was observed, marking adoption of the Convention on the Rights of the Child (UNCRC) on 20 November 1989.

On Thurs. 17 Oct. the Quantum Financial System Global Currency Reset (allegedly) activated with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, which meant that NESARA/GESARA also activated across the World on 17 Oct. 2024.

On Thurs. 17 Oct. LIBOR was replaced by SOFR, marking a significant change in financial benchmarks.

On Thurs. 17 Oct. the new United States of America Republic (allegedly) started its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

On Thurs. 17 Oct. 2024 Congress adjourned for 30 days (Congress can only be arrested when it’s not in session).

On Saturday 19 Oct. 2024 Iraq celebrates their Independence Day.

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To (allegedly) Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system.

The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West. https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.

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

Thurs. 17 Oct. 2024 Bruce: (RUMORS)

Your R&R monies will already be in your Quantum Account that you will activate when you do your exchange.

You will have a new email account set up at the Redemption Center.

Your Quantum Card will only be used to transfer funds from your Quantum Account to your Master bank account with Wells. You can transfer to other banks from there.

A source at Social Security reported that Social Security increases are not going to be in October, but will be in the month of November. You will get your added payment (a 80% to 100% increase from what you are presently receiving) a week after you get your regular payment.

Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct.

They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct.

BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

~~~~~~~~~~

Thurs. 17 Oct. 2:48 am Ginger: “Protecting my contacts, while I’m not permitted to explain the exact details, I’ll just tell you I’ve verified the most encouraging and LEGIT news for Tier 1 through Tier 4A / Bond holders that I’ve ever heard from my REAL People contacts on Wednesday. It took several hours to vet the details after work, so I’m reporting this, with extreme CONFIDENCE.”

Thurs. 17 Oct. 2024: Over 35 countries have confirmed their participation in the upcoming BRICS Summit in Russia.

Read full post here:  https://dinarchronicles.com/2024/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2024/

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

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

Frank26  IMO last week a series of meetings have been occurring with banks.  IMO the Central Bank of Iraq is...sending out a 'beacon'...a submarine ping...This data, information, intel, is coming and it's now coming fast to all these [U.S.] banks...They went from denying and saying it's a scam to...they're saying we'll talk to you soon.

Babysmom  Community Comment:  ...HCL is completed and fully funded today.  We’re up next...   Babysmom:  HCL STANDS FOR HYDROCARBON LAW.  IT IS THE LAW THAT DIVVIES UP THE PROFITS FROM BAGHDAD'S SALE OF OIL, WITH PROFITS GOING TO THE OTHER PARTS OF IRAQ. THERE HAS ALWAYS BEEN A BACK AND FORTH ABOUT HOW MUCH OF A PROFIT PERCENTAGE THE OTHER PARTS OF IRAQ WOULD RECEIVE.

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

Zimbabwe's Currency Problem Is A Glimpse Into Our Future...

Lynette Zang:  10-17-2024

Today we are talking about an update to the Zimbabwe situation and drawing comparisons to our own currency problems... IS THIS OUR FUTURE?

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

30 Sec To Midnight: "Stock Insiders Are Selling, I'm Buying SILVER" | Mike Maloney

10-17-2024

Mike Maloney breaks down why we’re on the brink of the biggest financial collapse in history—larger than 2008.

With Nvidia’s market valuation soaring to unsustainable heights and corporate insiders selling off, the signs are clear: the bubble will pop, and the fallout will be catastrophic.

Maloney also reveals how key economic data is being hidden and why he’s buying physical silver as the ultimate hedge against the coming storm. Get ready for what’s next and learn how to protect yourself.

https://www.youtube.com/watch?v=_2C47EAmqHc