The Golden Age of Financial Assets is over-Dr Stephen Leeb
Dr. Stephen Leeb: The Golden Age of Financial Assets is Over
Palisades Gold Radio: 6-12-2023
Tom recently had the pleasure of chatting with Dr. Stephen Leeb about ICAG (Inflation, Commodities and Gold) and how it can help us look forward into the medium to long term.
Steve believes that the US has reached a point of inflection and resources are becoming increasingly scarce, sparking an important discussion about the distribution of resources across the world. He argues that the principles of freedom of thought and equality outlined in the Declaration of Independence are still relevant today and should be the foundation for a successful future.
Dr. Stephen Leeb: The Golden Age of Financial Assets is Over
Palisades Gold Radio: 6-12-2023
Tom recently had the pleasure of chatting with Dr. Stephen Leeb about ICAG (Inflation, Commodities and Gold) and how it can help us look forward into the medium to long term.
Steve believes that the US has reached a point of inflection and resources are becoming increasingly scarce, sparking an important discussion about the distribution of resources across the world. He argues that the principles of freedom of thought and equality outlined in the Declaration of Independence are still relevant today and should be the foundation for a successful future.
Steve went on to talk about the Black experience in the 50s and 60s, stressing the importance of everyone having the essentials of life and not defining equality as money and material things. He also mentioned how America is now a materialistic society and how this is dangerous, and how we need to focus on sustainability and humanity.
Steve then discussed the slowdown in technology since the tech stock boom in 2000 and how gold is the only thing that is suited for a monetary system.
He believes that gold has magical qualities and is the only thing that can bring back equality and progress in the world.
Steve also spoke about the Milgram experiments and how some people believe that Asians and Russians are more susceptible to obeying authority, but he argued that this is not the case.
He then explained how the US has lost the belief of equality and how Elon Musk is an example of someone who believes in free speech and equality. He believes that for the US to move forward, it must recreate the belief in equality and sustainability that was present in the 1950s and 1960s.
He then discussed how the US should become an ally to the BRICS nations and how the war in Ukraine has changed the relationship between Russia and China.
In conclusion, Steve emphasizes the importance of returning to a Jeffersonian Democracy and of understanding what is sacred to America.
He believes that the only way to move forward is to accept everyone's differences and work together to achieve peace and harmony.
Time Stamp References:
0:00 - Introduction
0:44 - A Point of Inflection
2:00 - Resources & Inequality
4:42 - Jeffersonian Thought
8:00 - Capitalism & Materialism
13:15 - Resource Sustainability
14:21 - Ukraine & Russia
16:03 - Technology & Limits
19:00 - 60s/70s a Golden Age?
25:02 - The Milgram Experiments
27:44 - Respect & Stable Society
30:53 - BRICS & Dedollarization
35:43 - Russia/China Relations
38:43 - Declaration of Independence
42:46 - The Love of Money
49:00 - Cooperation Not Wars
51:56 - Wrap Up
Talking Points From This Episode
- The US has reached a point of inflection and resources are increasingly scarce, sparking an important discussion about the distribution of resources across the world.
- Gold is the only thing that is suited for a monetary system and has magical qualities that can bring back equality and progress in the world.
- The US must recreate the belief in equality and sustainability that was present in the 1950s and 1960s in order to move forward.
Monday 2:00PM News update With MarkZ 6-12-2023
2:00 PM News update 06/12/2023
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: Hey Gang! Good to see you all again. Mods, thank you for all you do. It’s much appreciated.
Member: praying for move forward movement
MZ: We are getting a lot of chatter for the possibilities of some “group level” currency exchanges over the next day or so. They are getting blown up with requests, times and logistics. Things appear to be heating up very nicely.
MZ: I was hoping for even more news.
2:00 PM News update 06/12/2023
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: Hey Gang! Good to see you all again. Mods, thank you for all you do. It’s much appreciated.
Member: praying for move forward movement
MZ: We are getting a lot of chatter for the possibilities of some “group level” currency exchanges over the next day or so. They are getting blown up with requests, times and logistics. Things appear to be heating up very nicely.
MZ: I was hoping for even more news.
MZ: “ Trade Bank of Iraq, JP Morgan discuss banking operations” This is all point of sale and infrastructure. They are doing everything they need to do to be prepared for this exchange..
MZ: I continue to hear they have positioned the lower denominations for release into the market as soon as they get the “go ahead”.
Member: At least the budget is totally passed and hopefully the next step is the RV
Member: I wonder how unusual it was for Iraqi politicians to work thru the nights the last few days - like they were being pressured to get it done and not sleep
MZ: “Peter Schiff says the Fed destroyed US banking system- It’s insolvent” I love this one.
Member: Who are the groups?
MZ: Large church groups, Indian Nations,….I would name some specifically but would end up in trouble.
Member: Did you see Charlie Ward saying the GCCR is happening now and Tier 4b by June 15th?
MZ: That is the goal. I am told the goal is between Tuesday and Thursday of this week. The groups are certainly pushing for that to be accurate.
MZ: I have not yet gotten an update from my redemption center contacts. I am still waiting on that.
Member: Is the US Treasury in charge of the RV like Nader said?
MZ: The US Treasury has every reason to push forward for the reset. They desperately need it. They cannot pay their bills. The only thing that will fix it is to let Iraq go and the reset to occur. I feel good about it.
Member: I wonder Do the Chinese Elders have a tie to the US Treasury? I keep hearing Chinese Elders funding things.
Member: Do you still believe there will be a contract rate?
MZ: Yes I still believe that. I have been told to expect $2 higher rate than street rate. This makes sense to me.
Member: I feel notifications in the air!!!
MZ: And I was told Vietnam is going with Iraq come hell or high water. They are intertwined with each other economically.
Member: Any CMKX update:?
MZ: They are having meetings tonight about deliveries….and I hear they are prepared for those deliveries.
Member: Any idea how long we will have to schedule an appointment if we are traveling ?
Member: Mark has always said we should have 10 days to set appointments and 30 days to exchange our currencies.
Member: It would be wonderful for actual happenings to happen ahead of predicted schedule. “ Oh wow, the CBI declared the new rate faster than we thought” lol Just once!!!!
Member: Thanks for the extra podcast Mark….See everyone tonight at 7:00!!
Markz will be on rumble on SATURDAYS ONLY so he can speak his mind. You will find him on YouTube during the week.
SATURDAYS GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
"Coffee with MarkZ" Monday Morning Chat 6-12-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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: *** Happy New Day ***
Member: Would be a more fabulous day if today was all our day
Member: I hope this is the final Monday of trying to figure out why this is not done, done, freaking finally d-o-n-e.
Member: At least the Iraq budget is finally passed. Maybe now we will finally see the new rate.
Member: Hello Mark I pray you have good news for us this morning.
MZ: We may try to squeeze in 3 podcasts today the way the news is coming…..
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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: *** Happy New Day ***
Member: Would be a more fabulous day if today was all our day
Member: I hope this is the final Monday of trying to figure out why this is not done, done, freaking finally d-o-n-e.
Member: At least the Iraq budget is finally passed. Maybe now we will finally see the new rate.
Member: Hello Mark I pray you have good news for us this morning.
MZ: We may try to squeeze in 3 podcasts today the way the news is coming…..
MZ: “Iraq’s Parliament approves budget , ending dispute over oil revenue sharing with Kurdish region” This is huge. Oil sharing with Kurdish region is the HCL and one of the major steps we have been waiting for.
Member: Budget signed, time for the push of the big button !!!!!
Member: We are realistically in a 3 week window guys. This will be done by months end. No one knows the specific date. They are still negotiating the different articles in the budget. That is the first step
MZ: What I am hearing from the streets in Iraq is that they need a day or a couple days for the prices to stabilize…and I should have an update as to what they are saying “timing wise” soon.
MZ: A lot of very positive stuff occurred over this weekend.
Member: Is US Treasury calling shots for Iraq??
Member: News from Nader over the weekend was confusing? He said the US Treasury is in control?
Member: Nader said the CBI does push the button to start the RV. World Bank and Fed Reserve and another is who we are waiting for
Member: Any word from bond holders?
MZ: I am still waiting for an update from the bond side….but, there is a lot of anticipation for the next coming hours. I have reached out to a couple group leaders and hope to have more news sometime this afternoon.
MZ: No fresh news of CMKX or deliveries but I am expecting an update today.
Member: Militia Man’s discord group is off the chart. Finally got the budget approved this morning (Iraq time). President to sign tomorrow.
Member: Wolverine stated on Charlie ward's insider club that the RV. Started? In. Zurich Saturday. And that 4B would go on June 15th
Member: Goldilocks made a post about JP Morgan working with Iraq to get them on FED NOW?
Member: Simon Parkes said Saturday that he just signed his 3rd NDA...
Member: Is Bric s and Rv the same thing ?
Member: BRICS are Brazil, Russia, India, China and South African nations together in a group …they are expanding to many other countries who want to join……whereas RV means ReValuation of currencies…they are not the same thing.
Member: I asked for a sign from God, First I saw a billboard that said, All Your Dreams Are About To Come True, Then Cardinal’s visited me, then I hung up my phone and the time was 2:22. Okay already…lol
Member: Mark and mods…..Thanks for your updates always.
Member: May we have a wonderful blessed week!!!
MZ: Let’s reconvene at 2 pm est for a short update today.
SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS AFTERNOON AND EVENING FOR NEWS @ 2:00 AND 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
News, Rumors and Opinions Monday AM 6-12-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 12 June 2023
Compiled Mon. 12 June 12:01 am EST by Judy Byington
Judy Note:
Four different credible sources reported that GCR monies had been released over the weekend and that those funds would be available next week.
Rumor came from the Philippines that on Fri. 9 June Michael Reuben, Head of the US Paymasters, had sent out contracts to 28 Paymasters – who would be paid within 24 hours after signing their contract.
Late Saturday night 10 June 2023 High Up Sources reported that monies released for the Global Currency Revaluation had started in Zurich, plus that the Admiral’s Group began releasing funds over this weekend that were destined for Tiers 1, 2, 3 and 4.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 12 June 2023
Compiled Mon. 12 June 12:01 am EST by Judy Byington
Judy Note:
Four different credible sources reported that GCR monies had been released over the weekend and that those funds would be available next week.
Rumor came from the Philippines that on Fri. 9 June Michael Reuben, Head of the US Paymasters, had sent out contracts to 28 Paymasters – who would be paid within 24 hours after signing their contract.
Late Saturday night 10 June 2023 High Up Sources reported that monies released for the Global Currency Revaluation had started in Zurich, plus that the Admiral’s Group began releasing funds over this weekend that were destined for Tiers 1, 2, 3 and 4.
“Activation of the Emergency Alert System (EAS) will trigger Martial Law and the Global Currency Revaluation.” … Free Inhabitant https://t.me/FreeeInhabitant/636
Some say that that Tier4b notification would happen prior to an Emergency Broadcast System announcement of a 2-4 week communication shutdown, Dr. Charlie Ward, indicated on his show that Tier4b notification would come after the EBS – which was expected to begin at any moment.
Billions Pulled from Banks: Americans Pull $472 Billion Out of Banks in 3 Months As Depositors Exit in Historic Numbers
Global Banking Collapse: The Cusp of an Economic Apocalypse: Rothschilds and Rockefellers in Free Fall as Banks Collapse! – American Media Group (amg-news.com)
Mooney To Block Fed’s Digital Currency Scheme: https://dinarrecaps.com/our-blog/alex-mooney-aims-to-block-feds-digital-currency-scheme
Sat. 10 June Quantum Financial System Here to Stay: Yes, The Quantum Financial System (QFS) Is Not a Mere Abstraction Anymore – It’s Here, It’s Real, and It’s Here to Stay! – American Media Group (amg-news.com)
Restored Republic:
Explosive Revelations: Rothschilds and Rockefellers in Free Fall as Banks Collapse!, David Wilcox
Closed and Boarded Up: The Federal Reserve and the US Capital: Unprecedented scenes unfold as the US Federal Reserve remains closed and boarded up, while the US Capital sits behind barricades. Meanwhile, China, Russia, India, and the Middle East have abandoned the US fiat money banking system, refusing to sell oil to the US. The global financial landscape is shifting, and the implications are profound.
Read full post here: https://dinarchronicles.com/2023/06/12/restored-republic-via-a-gcr-update-as-of-june-12-2023/
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Courtesy of Dinar Guru
Babysmom THE BUDGET WAS FINALIZED...IT WAS FINALLY APPROVED...THE FINALIZATION OF THIS BUDGET IS LEGENDARY. THE BUDGET WILL NOW GO TO THE PRESIDENT OF IRAQ FOR HIS SIGNATURE AND THEN HE WILL SEND IT TO THE GAZETTE TO BE MADE INTO LAW. THE CBI CAN CHANGE THEIR RATE ANYTIME BETWEEN NOW AND THEN...
Nader From The Mid East The CBI have nothing to do with the RV...Anybody tell you the CBI can flip the switch, they don' know what they're talking about. It's somebody else has to flip the switch and it's right here in America . They have to agree and they have to give a green light. There's 3 of them - The Treasury of United States, Forex and The World Bank...I'm 100% sure...any Central Bank of any county have nothing to do with the exchange rate. Think about it. It made sense to me because when the war started we lost the value of our currency and it was not the CBI decision that did that. It was somebody else. The same people who put the rate down, it's the same people who's gonna put the exchange rate up. It they tell you about a new currency, I agree with them 100%. They tell you about how the economy is doing a lot better, I agree with them 100%. If they talk to you about monetary reforms and all that B.S, 100% right. But the Central Bank of Iraq have nothing to do with the exchange rate...
Iraqi dinar currency RV news dinar rate update budget iqd forex
Rapid Updates: 6-12-2023
BRICS Currency to Challenge the U.S. Dollar
Ashley From Afrika: 6-12-2023
"Tidbits From TNT" The Budget is Passed 6-12-2023
TNT:
CandyKisses: House votes on tripartite budget law worth more than $150 billion
Shafaq News / The Iraqi Council of Representatives voted, ahead of Monday, on the federal budget law for the years 2023,2024,2025, after five-day discussions.
The value of this year's budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars ($48.3 billion), while the budget items of 2023 and 2024 have not been published.
TNT:
CandyKisses: House votes on tripartite budget law worth more than $150 billion
Shafaq News / The Iraqi Council of Representatives voted, ahead of Monday, on the federal budget law for the years 2023,2024,2025, after five-day discussions.
The value of this year's budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars ($48.3 billion), while the budget items of 2023 and 2024 have not been published.
Harambe: Iraq Approves Record Budget IMF Warns Could Destabilize Finances | Bloomberg (6/12/23)
(Bloomberg) — Iraqi lawmakers have approved a budget that may see the government spend a record 199 trillion Iraqi dinars ($153 billion) this year.
It signals a significant increase in expenditure in the OPEC nation, with the International Monetary Fund warning it could accelerate inflation and push Iraq’s breakeven oil price up to $96 a barrel, much higher than today’s price for Brent of around $74.
“Barring a large increase in oil prices, the current fiscal stance could lead to mounting deficits and intensifying financing pressures in the coming years,” the IMF said on May 31.
The fiscal plan was passed in the early hours of Monday morning after months of wrangling over how Baghdad would share revenue with the semi-autonomous Kurdistan Regional Government in the north.
It follows the formation of Prime Minister Mohammed Shia Al Sudani’s government late last year.
Iraq, like other major petrostates, enjoyed a windfall in 2022 as Russia’s invasion of Ukraine roiled energy markets and sent crude prices above $125 a barrel. They’ve since fallen, largely because high interest rates have weakened the global economy.
Baghdad’s finances and economy often suffer when oil prices drop, with the government struggling to rein in spending. The country has one of the world’s highest wage bills as a proportion of gross domestic product.
More Bonds
Iraq expects revenue to reach $103 billion in 2023, based on 3.5 million barrels per day of oil exports at a price of $70 per barreli.
The budget deficit is set to reach $49 billion, which Iraq expects to partly cover with $18 billion of sovereign bonds.
Iraq’s $2.7 billion Eurobond maturing in 2028 — its only one outstanding — trades at a yield of around 9.8%.
To speed up the process and avoid more delays in the coming years, Iraq’s parliament has said budgets for 2024 and 2025 should be based on this years’ figures but tweaked according to oil prices and export volumes.
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Tishwash: Sudanese in the first official position on the approval of the tripartite budget
On Monday, Prime Minister Muhammad Shia al-Sudani commented on approving the highest budget in the history of Iraq.
Al-Sudani said in a statement, which “NAS” received a copy of (June 12, 2023), “We extend our congratulations to our people, on the occasion of approving the Federal General Budget Law for the years 2023, 2024, and 2025, and we also express our thanks to the presidency and members of the esteemed Parliament, for the efforts that have been made and the keenness to approve the budget.
He added, "The budget that the Council of Ministers voted on last March 13 took into account priorities that affect the basic requirements of the individual and the family, and the livelihood of citizens, and seeks to meet their aspirations in what they expect from the government in terms of services, construction and infrastructure projects."
And he continued, "Our government has relied, by presenting the tripartite budget, on the clear reform vision that we adopted in the government program, which is a procedural and scientific step that carries solutions to the phenomenon of recurring or failing projects, which has accompanied governments over the past years, and this vision also confirms the reduction of operational spending and the development of revenues." non-oil and private sector support.
He pointed out that, "based on this, the government will work to review the items that have been amended in the budget, and study the extent of their conformity with the government's vision and objectives approved in the ministerial curriculum approved by Parliament."
And he stressed, "We highly appreciate all the efforts that have been made to approve the budget, and we especially mention the members of the Parliamentary Finance Committee, the Strategic Planning Committee, and the Parliamentary Federal Service, for what they have provided over the past period." link
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Harambe: Iran’s SEPAM to replace SWIFT in trade transactions: ACU chief | ILNA (6/12/23)
The secretary general of the Asian Clearing Union (ACU) says Iran’s financial messaging system SEPAM will replace SWIFT, a dollar-based international system, in trade exchanges between ACU members beginning next month.
Farhad Morsali said that Iran’s SEPAM has been accepted by ACU members as an internal financial messaging system, according to a Saturday report by Fars News Agency.
He said it will take six months for the union’s own messaging system to be ready, and in the meantime, the members should replace SWIFT with SEPAM, for which Iran will charge a fee.
Iran unveiled SEPAM in October 2013 as an alternative to SWIFT, a Belgium-based financial messaging system that is being gradually abandoned by countries because of its sheer reliance on transactions that are based on the US dollar.
Last month, central bank governors of ACU member states decided at a summit in Tehran to create an internal financial messaging system to replace SWIFT in banking transactions between members of the bloc.
The decision was in line with the efforts made by ACU members to reduce the domination of the US dollar in global trade.
Iran’s CBI governor Mohammad-Reza Farzin said on May 24 that the bloc will diversify the basket of currencies it accepts for payment settlements to help the global de-dollarization bid.
Mot: .... I Too Want to Report a ............
Mot: .... I Have Cum to the Conclusion - that when ---
More News, Rumors and Opinions Sunday PM 6-11-2023
KTFA:
The first of its kind.. The President of the Republic arrives in Italy on a visit that takes days
The President of the Republic, Abdul Latif Jamal Rashid, arrived today, Sunday, in Italy, on a state visit that will last for several days, in response to an official invitation from the President of the Italian Republic, Sergio Mattarella.
The Presidency of the Republic said that it is "the first state visit to an Iraqi president, and the President is accompanied by First Lady Shanaz Ibrahim Ahmed, and a number of ministers and officials in the Presidency of the Republic." linj
KTFA:
The first of its kind.. The President of the Republic arrives in Italy on a visit that takes days
The President of the Republic, Abdul Latif Jamal Rashid, arrived today, Sunday, in Italy, on a state visit that will last for several days, in response to an official invitation from the President of the Italian Republic, Sergio Mattarella.
The Presidency of the Republic said that it is "the first state visit to an Iraqi president, and the President is accompanied by First Lady Shanaz Ibrahim Ahmed, and a number of ministers and officials in the Presidency of the Republic." linj
CandyKissses: A short break for parliament after passing about 20 articles of the budget code
Shafaq News / The Iraqi Council of Representatives passed, on Sunday evening, about twenty articles of the Federal Budget Law for the years 2023, 2024,2025, before taking a half-hour break, provided that the vote is completed.
The parliament has so far postponed the passage of Articles 15, 16, 17, 42, 43, 50 of the whole law, and voted on Articles 43 to Article 63, to complete the rest after his break, said the reporter from the parliament building.
He added that the Finance Committee will conduct further deliberations on the remaining controversial articles, leading to their presentation to the vote, including Article 64, which is awaiting a vote.
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A new evening in the Iraqi parliament sponsored by the budget, and two obstacles by passing
Shafaq News / On Sunday, the Iraqi Council of Representatives resumed its session to vote on the remaining articles of the budget law for the years 2023,2024,2025, which entered its fourth day of deliberations and which continued until the early hours of dawn.
Yesterday, the Iraqi parliament passed the controversial article 14, concerning the share of the Kurdistan Region, which has before it about 30 articles out of 67 proven by law, unlike items added during deliberations.
A parliamentary source told Shafaq News that a preliminary understanding was obtained between the deputies to pass the remaining articles in today's session, except for articles 15 and 42 of the budget law.
He added that Article 15 provides for the suspension of appointments in ministries and departments of the state for three years, and this is rejected by many members of parliament, while Article 42 refers to the imposition of taxes and fees on local and imported gasoline and on every traveler through Iraqi airports.
He pointed out that the Parliamentary Finance Committee is working to reach a formula for a solution to the two articles, which will either be rejected or amended in order to resolve the matter in today's session.
On March 13, the Iraqi Council of Ministers approved this year's draft budget law 2024 and 2025, and referred it to the House of Representatives "Parliament" for ratification.
The value of this year's budget is 197 trillion and 828 billion Iraqi dinars, (about 152.2 billion dollars), with a total deficit of 63 trillion dinars ($48.3 billion), while the budget items of 2023 and 2024 were not published.
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Courtesy of Dinar Guru
Walkingstick [via Frank26] [New Iraqi ATMs update] They're there. They're inside the banks and they're outside the banks on the wall and they're strategically located all over. There's a bulletin/piece of paper/an announcement that's on the ATMs it says, 'These ATMs are not active right now but you will be using them very soon citizens of Iraq.' ...My understanding is all the ATMs are to be loaded with a different currency before mid-month. I have to leave it that right now.
Frank26 Who cares about the budget. I care about when that budget is open, what it's going to do...this is amazing what's going on with the monetary and economic reform...The budget is not an issue. IMO the budget is done but it's not official, signed released yet so okay it's not 'done'. Fine. But I got a feeling tomorrow [Sunday] they're gonna make a big deal about this budget...
MARKETS A LOOK AHEAD: Another MAJOR CRISIS is Coming... COUNT ON IT!
Greg Mannarino: 6-11-2023
BRICS in Cape Town : Wants More African Nations to Join
Ashley in Afrika: 6-11-2023
"Tidbits From TNT" Sunday 6-11-2023
TNT:
Tishwash: The Council of Ministers holds an emergency session headed by the Sudanese
Today, Sunday, the Council of Ministers held an emergency session, headed by Prime Minister Muhammad Shia'a Al-Sudani.
And the media office of the Council of Ministers stated in a statement that "the Council of Ministers held an emergency session chaired by Prime Minister Muhammad Shia'a Al-Sudani" to discuss and evaluate the implementation of the government program.. link
TNT:
Tishwash: The Council of Ministers holds an emergency session headed by the Sudanese
Today, Sunday, the Council of Ministers held an emergency session, headed by Prime Minister Muhammad Shia'a Al-Sudani.
And the media office of the Council of Ministers stated in a statement that "the Council of Ministers held an emergency session chaired by Prime Minister Muhammad Shia'a Al-Sudani" to discuss and evaluate the implementation of the government program.. link
Tishwash: Al-Fateh: The oil and gas law will be passed after the budget is approved
The representative of the Al-Fateh Alliance, Muhammad Karim, confirmed today, Sunday, that the decision to vote on the articles related to the Kurdistan region in the draft federal general budget will pave the way for the approval of the oil and gas law.
In an interview with Al-Maalouma, Karim said, "The controversial articles that were voted on regarding the region will be fixed," pointing out that "the articles pertaining to the region will be the basis for approving the oil and gas law."
He added, "Voting on controversial articles related to the Kurdistan region went through a difficult labor," noting that it "has been completed and all problems will be resolved and the future relationship between the region and the center will be organized."
Karim pointed out that "controversial articles 13 to 19 will remain in their details in the next two budgets 24 and 2025 until the approval of the oil and gas law, in addition to that they were based on constitutional articles."
And the House of Representatives voted, at dawn on Sunday, on 18 new articles in the budget, while adjourning its session to one o’clock this afternoon. lin
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Tishwash: After a difficult labor... Completing the approval of the budget is the first step in economic stability in Iraq
Economic experts considered that the federal budget law for the next three years is a step forward towards economic stability. However, the law for the next two years remains guiding and subject to modification according to oil prices and the nature of revenues and expenditures in the coming years. As for the 2023 budget, it remains She is the law.
The economic researcher, Nabil Jabbar Al-Ali, explains in a statement to Al-Maalouma, that "as long as the submission and approval of budgets by successive governments or parliaments has been faltered for several reasons, including those related to technical and logistical matters related to budget preparation, and others related to political reasons or obstacles, such as those Related to disputes over budget items, or those related to the legal and constitutional dimensions of budget legislation, such as the presence of a caretaker government, as happened in 2022, or the absence of parliament, as happened at the end of 2021, or political confusion and the expansion of protests, as is the case in 2020.
He added, "The idea of enacting a budget for three years may be correct and at least guarantees that governments will implement their government program and approach during their tenure in power, and such a step may lead to conducting medium strategies in writing budgets instead of building them on the basis of timely and narrow ones."
For his part, economist Diaa Mohsen confirmed in a statement to Al-Maalouma that the importance of public budgets in Iraq lies in the relative GDP of the country, as it may contribute more than 50 percent of the annual GDP, although governments implement nearly 75 percent of the budgets are on an ongoing basis, which is the operational part of it, whether approved or not, but the size of the impact represented by the remaining ones, which is about 25 percent of the budgets (the investment part), is clear on the sectors of the Iraqi economy
"It is still too early to analyze the budget items because they have not been announced until today, and what was announced is the budget statement that clarifies the general visions of the budget and some frameworks for spending," he said, noting that "The statement did not explain to us extensively the mechanisms for protecting funds, but the general statement mentioned the existence of government intentions to automate sectors related to tax and customs and plans to collect fees related to energy consumption.
In addition, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that the government's preparation of a three-year budget provides a vision for Iraq's financial future.
He explained, in a press statement, followed by Al-Maalouma, that “the financial management law in force No. Six of 2019, as amended, talks about the annual budget, and that it is okay for the state to present a financial plan that contains estimates and forecasts for the coming years, so that the House of Representatives and legislators have a vision of how the conduct of the state's financial affairs," pointing to "his support for this trend."
He added, "The draft approval of the budget for the coming years by the Council of Ministers remains indicative and subject to modification depending on oil prices and the nature of revenues and expenditures in the coming years. As for the 2023 budget, it remains the law," noting that "the initiation of approving a budget for the next three years gives the legislator a vision for Iraq's financial future in the medium term to prepare for all possibilities. link
Mot: ... and then - a Baby is Born!!!! ~~~~
Mot... Yet another ""Mot"" suggestion on Raising the Wee Folks! ~~
News, Rumors and Opinions Sunday AM 6-11-2023
KTFA:
Clare: Parliamentary Finance Meets To Amend 3 Articles Of The Budget
6/11/2023
An informed parliamentary source said today, Sunday, that the Finance Committee is now holding a meeting to amend three articles of the budget law.
The source told Earth News Agency, "The Finance Committee is meeting to amend Articles 15, 16, and 17, to then be submitted to Parliament."
It is noteworthy that yesterday, Saturday, the House of Representatives voted on some articles of the General Budget Law. LINK
KTFA:
Clare: Parliamentary Finance Meets To Amend 3 Articles Of The Budget
6/11/2023
An informed parliamentary source said today, Sunday, that the Finance Committee is now holding a meeting to amend three articles of the budget law.
The source told Earth News Agency, "The Finance Committee is meeting to amend Articles 15, 16, and 17, to then be submitted to Parliament."
It is noteworthy that yesterday, Saturday, the House of Representatives voted on some articles of the General Budget Law. LINK
Clare: MP for the National: We are committed to attending the budget sessions and completing them today
6/11/2023
The representative of the Patriotic Union of Kurdistan bloc, Barbar Rashid, affirmed the bloc's commitment to attending the sessions of the House of Representatives to vote on the draft financial budget law.
Rashid said to {Euphrates News} agency: "Today, the vote on the budget will be completed, and the union representatives are committed to attending the sessions until the bill is fully approved."
And he stressed, "to speed up the approval of the budget, as it will enable us to revive the country's economy, and we will vote on the items that are agreed upon."
It is scheduled that Parliament will hold its session today to complete the vote on the draft financial budget law, of which 41 articles were approved, and others were postponed.
Raghad Daham LINK
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Clare: Al-Awadi: The Prime Minister will make an important visit to Egypt tomorrow
6/11/2023
The government spokesman, on behalf of Al-Awadi, announced that Prime Minister Muhammad Shia Al-Sudani will pay a visit, which he described as a "mission", to Egypt, tomorrow, Monday.
Al-Sudani will be accompanied by a large delegation of ministers, in addition to a number of businessmen, to sign memorandums of understanding prepared by the Iraqi-Egyptian Higher Committee, while Trade Minister Atheer Al-Ghurairy will sign a number of agreements regarding intra-trade and others on Monday.
The committee will complete its work, which began on Saturday, with the participation of delegations from several ministries and independent bodies, including the Iraqi Media Network, and its counterparts from Egypt today, Sunday.
The Undersecretary of the Ministry of Commerce and Chairman of the Committee of Experts, Sattar Al-Jabri, said in a press interview, "We distributed the experts to a number of committees from the Iraqi and Egyptian sides, and they began their work, as the drafts that were agreed upon by the two sides will be reviewed, in addition to that we have completed 10 agreements in force that will be signed by the prime ministers of the two countries." .
Regarding these agreements that will be signed, Al-Jabri explained that they "include the field of sports, youth, housing, construction, work, social affairs, the Municipality of Baghdad, and a large number of other memorandums of understanding,"
Noting that the minutes included an invitation to sober Egyptian companies to participate in the reconstruction campaign that the Prime Minister will launch through the reconstruction budget. and services for a period of three years, noting that the campaign’s invitations will be direct and with the participation of the private and governmental sectors in Iraq in the field of construction, roads, bridges, renewable energy and other fields.
As for the outputs of the Egyptian-Iraqi Higher Committee and whether it will be in the interest of the tripartite committee between Iraq, Egypt and Jordan, Al-Jabri explained that “every The committee of certain agreements between the two countries is in the interest of the two peoples, and as for the tripartite committee, it is very important, and we have multiple projects and agreements that we are continuing to implement. LINK
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Courtesy of Dinar Guru
Nader From The Mid East It come out the new currency exists already. They just need to come out with it...just throw it to the streets...it's a lot of good news coming out. They are trying hard. They are trying their best. We cannot blame them. It's like [The U.S.], you got one party and you got the other party so they will never be work together. That's why it's taking a long time... After today what is the next step? The next step is the currency...Forex...so be ready for it...next week is going to be busy.
Frank26 Article: "The Governor of the Central Bank meets with the Vice President of JPMorgan Bank" JP MORGAN CHASE DEALS WITH FOREIGN CURRENCY TO MAKE MONEY... A PROGRAM RATE MAKES ZERO PROFITS...WHEN YOU CALL CHASE THEY SAY THE DINAR IS A SCAM... NEXT TIME YOU CALL THEM ASK WHY THEY ARE INVESTING IN A SCAM?
Europe Crashes Into Recession - Is America Next?
Sean Foo: 6-11-2023
The Eurozone has officially entered a recession threatening to bring down the global economy.
This recession is a product of a self-inflicted energy crisis which could see Europe deindustrialize even further!
Here's what you must know about the EU recession and why the United States might be next in line.
Timestamps & Chapters:
0:00 The Eurozone Recession Is Here
1:40 A Painful Energy Shock
4:39 Cost Of Living Crisis
7:57 EU Industries Are Fleeing Away
11:15 Is The United States Next?
13:54 Can Europe Recover?
More News, Rumors and Opinions Saturday Night 6-10-2023
TNT:
Tishwash: The Governor of the Central Bank of Iraq sends an important message to the Iraqi people
Today, Saturday, the Governor of the Central Bank, Ali Al-Alaq, reassured the Iraqis of an expected "significant" drop in the exchange rates of the dollar, considering that the situation is moving towards stability and there is no need to take additional measures, while warning merchants of legal accountability if they insist on buying the dollar. from the parallel market.
Al-Alaq said, in an interview with the official media, that "adherence to firm foreign currency financing instructions will contribute to a significant decrease in the dollar exchange rate in the coming days, and there is no need to launch new urgent packages at the present time," noting that "the situation is moving towards stability and there is no need to take measures." additional".
TNT:
Tishwash: The Governor of the Central Bank of Iraq sends an important message to the Iraqi people
Today, Saturday, the Governor of the Central Bank, Ali Al-Alaq, reassured the Iraqis of an expected "significant" drop in the exchange rates of the dollar, considering that the situation is moving towards stability and there is no need to take additional measures, while warning merchants of legal accountability if they insist on buying the dollar. from the parallel market.
Al-Alaq said, in an interview with the official media, that "adherence to firm foreign currency financing instructions will contribute to a significant decrease in the dollar exchange rate in the coming days, and there is no need to launch new urgent packages at the present time," noting that "the situation is moving towards stability and there is no need to take measures." additional".
He added that "setting $2,000 as a maximum limit for spending on Visa and MasterCard cards abroad aims to avoid misuse," pointing out at the same time that "
Al-Alaq stressed that "there is coordination to monitor the decision to deal in Iraqi dinars instead of dollars by investment companies and the sale of housing units," noting that "housing loans did not stop." link
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Tishwash: Parliamentary sources: An agreement to pass the remaining articles of the budget tonight
Baghdad - NAS
Parliamentary sources told "NAS", Saturday, that the meeting of the Presidency of the House of Representatives and the heads of the blocs of the forces of the Coordination Framework concluded with an agreement to pass the budget today.
Earlier, First Deputy Speaker of the House of Representatives Mohsen al-Mandalawi met with leaders of the Coordination Framework blocs to discuss the latest texts and amendments to the remaining articles of the budget law ahead of the resumption of the voting session on the law.
Parliamentary sources reported earlier that the date of today's session, which was scheduled to be held at five o'clock in the evening, was postponed due to differences within parliamentary blocs.
Earlier, parliamentary sources revealed the reason for the failure to vote on controversial articles in the federal budget.
The sources told "NAS" (June 10, 2023) that "the disagreement of the Kurdish blocs with members of the Shiite forces in the Finance Committee regarding a paragraph in Article 14 related to addressing the future supposed differences between the region and the federal government, led to the postponement of the resolution of the article and then stopped the wheel of completing the vote on the rest of the budget articles."
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Courtesy of Dinar Guru
Militia Man Article quote: "United States Bank expresses readiness to support Iraq banks with foreign trade, financing operations and dollars" That bank is JP Morgan Chase. It's worth about $4 trillion U.S. in value. These guys mean business. They're not coming to Iraq to joke around. Being they're that large, they're not there for a quagmire. They're there for the extravaganza of investment. That's incredible to see this at this specific time.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're showing JP Morgan is meeting with Sudani...today they're saying it's not about oil revenues. It's about non-oil revenues that they came to talk about... Alaq CBI governor saying America's largest bank JP Morgan willing to back Iraq banks in foreign trade in US dollars. FRANK: JP Morgan wants to back up the Iraqi dinar. But it's a scam. It's scam! No it's not. It's about time that you start telling the truth [JP Morgan Bank] and they will pretty soon IMO.
ALERT! Silver & Crypto Rigging End Game Will Be CRAZY! You Won't Even Know Their Prices!!
(Bix Weir)
There is not one Exchange on the planet that is not 100% rigged via computer trading programs run out of the US Treasury/US Fed. NOT ONE!
So if you are looking for $600 Silver or $1M Bitcoin YOU WON'T SEE IT ANNOUNCED IN THE MEDIA!
When the fiat monetary system collapses so do all the exchanges that value is referenced from. So be prepared to NOT KNOW the value of your assets for a while!!
Credit Crisis to Collapse "Biggest Bubble in History" with David Hay
WTFinance: 6-10-2023
On todays episode of the WTFinance podcast I had the pleasure of speaking with David Hay, Co-Chief Investment Officer of Evergreen Gavekal. During our conversation we spoke about key drivers of the current market, whether we are still in the biggest bubble of history, how the current debt cycle risks collapse and why nuclear energy is the future of non-carbon energy. I hope you enjoy!
Correction by David - Microsoft earnings have tripled during the period mentioned at 12:08
0:00 – Introduction
0:50 – Key drivers of current markets?
4:30 - Can the FED save the US economy?
7:15 - Will we see stagflation or disinflation?
10:30 - Are we still in a bubble?
13:28 - Industries/geographies that David is watching?
17:00 - How would Treasury funding issues effect market?
20:00 - Will they run inflation hot?
24:00 - The end of a debt cycle?
26:10 - Pensions and other levered bond holders to be punished?
31:30 - Stock picking during market uncertainty?
34:30 - Future energy crisis and why nuclear is vital
38:15 - Why is nuclear better than other non-carbon energy producers?
42:10 - One message to takeaway from our conversation?
"Tidbits From TNT" Saturday 6-10-2023
TNT:
Tishwash: The release of 3 billion dollars of frozen Iranian funds in Iraq
The head of the joint Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, announced today, Saturday, that part of the Iranian debt owed to Iraq has been liberated.
Al-Ishaq said, in press statements, that "part of these refunds from Iraq has been allocated to the needs of Iranian pilgrims."
He added, "Another part of it was paid for the supply of basic commodities."
And he continued, "According to the news received, the amount paid is estimated at about $3 billion."
TNT:
Tishwash: The release of 3 billion dollars of frozen Iranian funds in Iraq
The head of the joint Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, announced today, Saturday, that part of the Iranian debt owed to Iraq has been liberated.
Al-Ishaq said, in press statements, that "part of these refunds from Iraq has been allocated to the needs of Iranian pilgrims."
He added, "Another part of it was paid for the supply of basic commodities."
And he continued, "According to the news received, the amount paid is estimated at about $3 billion."
Iran has previously announced that the volume of Baghdad's debts in its favor amounted to 18 billion dollars, stressing that the United States only allowed the payment of 500 million dollars of these debts link
Tishwash: What does JPMorgan's willingness to support Iraqi banks mean?
The US "JP Morgan" bank expressed its willingness to support Iraqi trade financing operations, during a meeting with the Governor of the Central Bank of Iraq, on Friday.
He called on the Iraqi Central Bank, "JP Morgan" to open a representative office in Iraq, "promising it to provide the necessary support to facilitate this step because it represents positive repercussions on the Iraqi economy in general," according to what the Central Bank of Iraq reported on its official website .
In an interview with " Al-Hurra " channel , the economist, Mahmoud Dagher, says that "GB Morgan" is one of the largest banks in the world, and it has great weight in the "correspondence process" between banks in the world.
Step importance
Regarding the importance of the bank to Iraq, the expert points out that the bank is classified in a high order, so Iraqi banks need it as an intermediary to transfer funds to exporting companies around the world, especially those that use the dollar.
The expert believes that Iraqi banks need classified banks that can help them in light of changing the new international transfer rules, and that Iraq has responded to its compliance rules.
For Dagher, JPMorgan could help Iraqi banks with money transfers and "capacity building" operations to establish new qualifications. As "most of the banks in the private sector...are modern and need training and development," as he put it.
According to Dagher, Iraqi banks need safe, classified banks at the level of “GB Morgan” for such operations, because “Iraq is one of the countries whose imports reach $60 billion, and this is a large amount,” in addition to government imports that are just over $10 billion. dollars, according to the economist.
The expert believes that whenever large banks, including JPMorgan, are able to secure credits and remittances and transfer them to the "final recipient" in European countries and the United States, "we will be able to provide better service to Iraqi merchants, while applying compliance rules."
Dagher concludes that the bank "has great weight and its presence in Iraq will encourage others to enter the market, and there is a list of banks that exchange information with 'JP Morgan' to be accepted by the bank as a correspondent," according to the Iraqi expert.
The Central Bank of Iraq said that the vice president of JP Morgan Bank, Daniel Zeliko, praised "the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers." link
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Tishwash: Central Bank Governor: Dollar exchange rates will drop significantly in the coming days
Today, Saturday, the Central Bank revealed its plans to raise financial and gold reserves, and while it specified its procedures for installing prepaid devices, it clarified its plans for restructuring government banks.
The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the official agency, followed by “NAS”, (June 10, 2023), that “packages of instructions for financing in foreign currencies abroad have been launched with the launch of the electronic platform,” noting that “the aim of this package is to meet the requests of All the needs of the Iraqi economic sectors, in addition to the needs of citizens for travel, treatment and study.
Al-Alaq added, "These packages contributed to organizing a large part of the trade process in Iraq through the entry of various sectors into the official channels of transfer, and mitigated exchange rate fluctuations, which at the beginning of the launch of the platform in the market reached approximately 160 thousand dinars per dollar." , stressing that "there is a significant improvement in the work of the trade financing platform and the cash payment platform, and that proceeding in this framework will contribute to a significant decrease in the exchange rate in the coming days."
And he continued, "There is no need to launch new urgent packages at the present time, as the operations are proceeding consistently through electronic platforms with the presence of some operational obstacles or obstacles related to international commercial operations related to financing. Each case is resolved separately, and therefore we see that the situation is going well." towards stability and there is no need to take additional measures.
And regarding setting $2,000 as a maximum limit for spending on Visa and MasterCard cards abroad, Al-Allaq explained, “The aim of setting ceilings for cash withdrawals from payment cards is to avoid misuse of these cards by weak-minded people and currency speculation, since continuing with the previous situation exposes the financial sector to a great threat.” And pushes for more currency smuggling.”
Regarding the operations of seizing cards at airports, the governor of the Central Bank said: “We believe that this issue has ended or is nearing completion through the circulars issued by this bank, which obligated banks and payment companies to issue one card for each customer and use the biometric fingerprint, and to set ceilings for cash withdrawals and the cooperation of the security services.” with this bank.
Regarding the insistence of some merchants on buying dollars from the parallel market, Al-Alaq said: "The insistence of some merchants on such transactions despite the facilities provided by this bank constitutes a factor of instability in the exchange rate and also exposes the owners of these transactions to legal accountability," stressing that "The failure of small traders to turn into companies that were allowed to enter the window and their insistence on financing through informal methods by buying currency from the secondary market puts pressure on the exchange rate towards an upward trend, and therefore we urge these merchants to establish small companies to enter the window and obtain dollars at the official rate."
He pointed out that "the Central Bank's procedures in monitoring the decision to deal in Iraqi dinars instead of dollars by investment companies and the sale of housing units in investment complexes are carried out through coordination with the National Investment Commission and the office of the Chairman of the Supreme Committee for the Support of the Dinar and law enforcement agencies, as well as the facilities provided by these The complexes, all sides agreed to accept the Iraqi dinar.
Regarding the central bank's plans to implement the government bank restructuring program, Al-Alaq explained, "The central bank's plans to implement the restructuring program continue, but the progress of this project is slow, because of its association with other parties related to the Federal Bureau of Financial Supervision and the Ministry of Finance, or because of the weak human capabilities available to it." Government banks," pointing out that "the Central Bank continues to provide support to these banks to improve the quality of data, including conducting an assessment of the quality of assets for the Rafidain and Rasheed banks, as an international auditing company was contracted for this purpose, and this bank bore the cost of contracting with this company."
And he continued: “As for private banks, the control process continues through the supervisory tools of this bank, and at the same time work is being done to update the instructions and controls regulating banking work and in cooperation with international institutions in order to implement international standards and international best practices, and the most prominent of these projects are the following: -
1- Draft supervisory work guide / risk management controls in commercial banks.
2- Draft capital adequacy controls.
3- The Scorecard Project for Environmental, Social and Corporate Governance Standards (ESC), where this bank issued the first report on the results of (ESC) on 1/23/2023, which is the first of its kind that reflects on the extent to which environmental, social and corporate governance standards are applied in the Iraqi banking sector.
4- Work is currently underway to update the disclosures and financial statements of commercial banks, in cooperation with the Middle East Technical Assistance Center (METAC).
5- A project to develop regulatory tools to deal with systemically important local banks.
Regarding the Central Bank's procedures for installing prepaid devices that were installed in a number of locations, Al-Alaq said that "based on the decision of the General Secretariat of the Council of Ministers No. 23044 of 2023, paragraph (2) thereof, this bank received a number of requests from ministries and government and private institutions, and it was completed." Addressing it to approach companies providing electronic payment services and request offers to supply, install and operate point-of-sale (POS) devices according to the mechanism and strategy of this bank.
He pointed out that “the above entities were provided with the names of payment service providers licensed by this bank to actively (processor, collector) for the purpose of concluding the agreements required to serve the collection of funds electronically for financial dues through (POS) devices,” noting that “electronic payment service provider companies can Licensors collect amounts due for services provided by institutions and government departments electronically, whether in connection with electronic payment gateways or directly through the deployment of point-of-sale (POS) devices.
He stressed that "the electronic bill payment project has already been launched for a number of billed departments affiliated to the ministries (construction, housing, public works, trade, electricity, interior - passports)."
With regard to the procedures of the Central Bank regarding monitoring money laundering operations and recovering funds smuggled abroad, Al-Alaq stated that, “Based on Article 9 (9 / First / A) of the Anti-Money Laundering and Terrorist Financing Law No. (39), the work of the Anti-Money Laundering Office And the financing of terrorism is receiving or obtaining reports or information about transactions that are suspected of including the proceeds of a predicate crime, money laundering, or terrorist financing from the reporting authorities. Use of prepaid cards by criminals.
He went on to say, "Following the reports received, the office took the following actions:
A- The Ministry of Finance / General Authority of Customs was approached for the purpose of preventing the issuance of any card that does not bear the name of the card holder (prepaid cards / cards).
B- The office issued a circular to the companies and banks that issued these cards, which included the following:
1- The ceiling of the aforementioned card is (10,000,000) dinars (ten million Iraqi dinars), and the holder of the aforementioned card may withdraw cash up to (3,000) dollars (three thousand dollars) or its equivalent in the currencies of other countries outside Iraq per month.
2- Due diligence measures are taken when recharging, based on Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the controls and instructions issued thereunder.
3- The company or the bank has the right to issue only one prepaid card for the same customer, with the necessity that these cards be issued in the customer’s name, and the customer’s name is recorded on the card.
He pointed out that "the office carries out investigations and analysis of the information received from the above authorities, on the basis of which the defaulters are identified from individuals, companies and banks, and a number of suspicious transactions have been referred to the courts specialized in combating money laundering and terrorist financing, based on Article (9 / first / c). ) of the above law, which states: Reports that are based on reasonable grounds for suspicion of money laundering, terrorist financing or predicate offenses shall be referred to the Presidency of the Public Prosecution Office to take legal action in their regard, and to notify the relevant authorities of that.
Regarding plans to raise financial and gold reserves in the central bank, Al-Alaq indicated that “the two most important factors that determine the accumulation and depletion of foreign reserves are external, as the accumulation of reserves is mainly linked to the amount of oil exports and the price of a barrel, while the depletion of reserves takes place through importing goods and services as well as transfers.” Foreign Affairs," stressing that "under normal conditions, this bank aims to build a sustainable level of foreign reserves while ensuring high liquidity and relatively good returns."
He continued, "With regard to gold, this bank places increasing its holdings of gold on a high level of importance, and by the end of this year, this bank aims to increase its holdings by at least the equivalent of $500 million."
And about the housing loan initiative between Al-Alaq, that “the housing loans did not stop, as the circular of this bank No. 6/5/988 on 4/27/2023 in paragraph (5) of it indicated that the financing of applications submitted to the Real Estate Bank and the Housing Fund within the allocated allocation would continue.”
To them, it is derived after that by reallocating 50% of the total loan installments previously granted, whose total loans financed by the Central Bank through its initiative amount to more than 10 trillion dinars. link
Mot: and Yet another Amazing ""Insight Tip"" from Mot on being Married! ~~~
Mot: .. ooooh...... ooooh...... ooooh...... ((( Uve been Warned! )))
News, Rumors and Opinions Saturday Morning 6-10-2023
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 Sat. 10 June 2023
Compiled Sat. 10 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
“Activation of the Emergency Alert System (EAS) will trigger Martial Law and the Global Currency Revaluation.” … Free Inhabitant https://t.me/FreeeInhabitant/636
Some say that that Tier4b notification would happen prior to an Emergency Broadcast System announcement of a 2-4 week communication shutdown, while Dr. Charlie Ward, indicated on his show that Tier4b notification would come after the EBS – which was expected to begin at any moment.
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 Sat. 10 June 2023
Compiled Sat. 10 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
“Activation of the Emergency Alert System (EAS) will trigger Martial Law and the Global Currency Revaluation.” … Free Inhabitant https://t.me/FreeeInhabitant/636
Some say that that Tier4b notification would happen prior to an Emergency Broadcast System announcement of a 2-4 week communication shutdown, while Dr. Charlie Ward, indicated on his show that Tier4b notification would come after the EBS – which was expected to begin at any moment.
Tucker Carlsen: (Consider this as rumor) Congress has until the end of June to finish the currency reset protocols. This will allow us to begin interfacing quantum computers around the world in the first part of July as we mobilize the new Quantum Financial System. We will begin to see bridges built between countries’ computer systems that will allow us to cooperate and coordinate currency transactions through an International Payment System (ISO20022) creating more money flow and more money velocity. The demand for each country’s National Currencies will increase its value and purchasing power around the world. The second half of this year will bring in a Global Currency Reset in ways none of us can even imagine.
Hackers Crash Russian Banking System, Your Bank is Next – Get your money out: https://halturnerradioshow.com/index.php/en/news-page/world/hackers-crash-entire-russia-banking-system-get-cash-out-now-before-reprisal-attacks-today
Blockchain technology is the globalist’s method for rolling out the Social Credit System.
Cash Con Game Over: https://dinarrecaps.com/our-blog/cash-con-game-is-over-current-fiancical-system-has-reached-its-end
Timeline:
The EAS and Martial Law was set to activate worldwide at any time.
On Thurs. 1 June at 8:00 EST the Quantum Financial System’s Fed ISO 20022 activated – a universal language for global financial networks to communicate with each other. The 209 major countries now had their new gold/asset-backed currencies live on the Quantum Financial System.
On Sun. 4 June the new Iraqi Dinar Rate (the Kingpin of the GCR) settled on Bank Screens.
On Mon. 5 June the NY Stock Market began a Death Spiral as it reacted to the announcement of a new US $36 Trillion Debt Ceiling with no way to borrow the money – causing the US Treasury to drop bonds.
Thurs. 15 June collapse of IRS and all tax orgs.
Sun. 18 June GESARA/NESARA announced during EBS Disclosure implementation.
Read full post here: https://dinarchronicles.com/2023/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2023/
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Courtesy of Dinar Guru
Frank26 Article: "Al-Sudani welcomes the opening of branches of a global bank in Iraq" Quote: "a delegation from the "JP Morgan" bank in Baghdad..." CHASE WAS ONE OF THE FOUR BANKS WE TOLD YOU ABOUT AS A PART OF A FINANCIAL HUB... LOOK AT THE TIMING!
Angel1 Our investment is wild. We are literally seeing a 3rd world, war torn country become not just a first world country but a leader in the 1st world country. It's mind-boggling...we know Iraq has the value. What we're waiting for is simply the rate to reflect it. The value is there.
LIVE! BNP Parabas Bank WARNS OF POTENTIAL LIQUIDITY CRISIS. IMF Warns Of Higher Inflation.
Greg Mannarino : 6-9-2023
Treasury could 'break' market as $1 tn of liquidity is drained, this is how to hedge - James Lavish
The Treasury could cause a liquidity crunch and market 'sell-off' as it refills its accounts.
James Lavish, co-Managing Partner at the Bitcoin Opportunity Fund and Author of "The Informationist" on Substack speaks with Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News,and explains how the Treasury could drain $1 trillion in liquidity from markets and the economy, and how the Federal Reserve may respond.
Lavish warns that 'money printing' is the end scenario with high and persistent inflation, and that investors can protect themselves with hard assets like gold, silver and Bitcoin.
0:00 - Treasury 'tightening'
15:09 - Federal Reserve policy
22:12 - Banking system
25:19 - Debt and inflation
29:14 - De-dollarization
31:15 - Equity markets
34:56 - Unemployment and recession
36:33 - Fed pivot
38:05 - Investment implications
40:05 - Bitcoin
45:37 – Gold