Evening News with MarkZ and Dr. Scott Young. 05/23/2024
Evening News with MarkZ and Dr. Scott Young. 05/23/2024
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Evening MarkZ & Dr. Scott:)
MZ: I am hearing exceptional things from the bond side. There is so much anticipation it has me verr excited and hopeful that we are finally going to get out of this groundhog day.
MZ: I am being told the first successful test of the system was yesterday. They are hoping for another successful test this evening.
MZ: With so many positive things…I am hopeful this is it.
Evening News with MarkZ and Dr. Scott Young. 05/23/2024
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Evening MarkZ & Dr. Scott:)
MZ: I am hearing exceptional things from the bond side. There is so much anticipation it has me verr excited and hopeful that we are finally going to get out of this groundhog day.
MZ: I am being told the first successful test of the system was yesterday. They are hoping for another successful test this evening.
MZ: With so many positive things…I am hopeful this is it.
MZ: My bond folks seem to think the next day or two that private individuals will have dollars. When they do –they will disappear. The anticipation is huge.
MZ: Some were expecting funds as early as last night but, they are being told to come back daily right now. In other words “We are not going to give you an update- we need you here daily” As they are pushing to launch.
MZ: I take that as a positive.
Member: Practicing patience as we await the trigger to start our part of the RV
Member: Happy birthday to you tomorrow Mark. It would be awesome if you got the RV on your birthday…..We are all hoping its true.
Member: Thank you Mark and Dr. Young.
Dr. Scott joins tonight. Please listen to the replay for his information and opinions.
“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Thursday PM 5-23-2024
KTFA:
Clare: Sudanese calls on the private industrial sector to invest in raw materials available in Iraq
5/23/2024
Tuesday, Prime Minister Muhammad Shiaa Al-Sudani called on the Iraqi private industrial sector to invest in the raw materials available in the country.
This came during the launch, in Najaf Governorate, today, of the executive works on the Iraqi Diyar Glass Factory project.
The project is the first to be implemented in accordance with the sovereign guarantees approved in the budget, and in cooperation between the Trade Bank of Iraq (TBI) and the German Export Bank. It also represents the most important forms of cooperation between Iraq and Germany, the foundations of which were laid during His Excellency’s visit to the German capital, Berlin.
KTFA:
Clare: Sudanese calls on the private industrial sector to invest in raw materials available in Iraq
5/23/2024
Tuesday, Prime Minister Muhammad Shiaa Al-Sudani called on the Iraqi private industrial sector to invest in the raw materials available in the country.
This came during the launch, in Najaf Governorate, today, of the executive works on the Iraqi Diyar Glass Factory project.
The project is the first to be implemented in accordance with the sovereign guarantees approved in the budget, and in cooperation between the Trade Bank of Iraq (TBI) and the German Export Bank. It also represents the most important forms of cooperation between Iraq and Germany, the foundations of which were laid during His Excellency’s visit to the German capital, Berlin.
Al-Sudani stated that this factory is being implemented in an industrial city by an investor who is responsible for providing all services. The industrial city is also preparing to embrace industrialists and provide land and services, which is a feature that we aspire to be implemented in all governorates.
He pointed to the new project, which is the first to produce glass, with a capacity of 800 tons per day, which means 25% of the local market’s need. The factory will rely on silica available in Iraq, stressing the availability of many raw materials that have not been invested. He also directed the necessity of implementation according to the plan and schedule. Timeline.
The Prime Minister affirmed the government’s support for the private sector, and the provision of guarantees for all priority projects, especially the housing and construction sector, which represents a large demand for construction materials, indicating the country’s need to triple the existing factories for coverage.
Al-Sudani called on the serious private sector to invest in this important opportunity, as the government continues to remove obstacles and bureaucracy, as this path will provide real job opportunities, and larger industries will settle in this city and other industrial cities. LINK
~~~~~~~~~~~~~
The Big Bopper: Hi KTFA Family, Does this represent the first project to start from the 2024 budget schedules? IMO, it sure reads like that….. on Wednesday’s CC, Frank asked if we could produce an article that showed the new sovereign guarenteed contracts at work from the 2024 budget schedules, if im not mistaken, this looks like the first!!
Am I wrong on this, my opinion mistaken? Please anyone that has an opinion or can clarify this articles meaning, other than the very clear and obvious words in it, we should see something soom? Thanks Clare for this! Thank You kindly, The Big Bopper
Clare: IT'S A GREAT ARTICLE...VERY TELLING. SUDANI IS GETTING IT DONE! HE IS A GREAT LEADER FOR IRAQ IMO
The project is the first to be implemented in accordance with the sovereign guarantees approved in the budget,
THAT'S EXACTLY WHAT IT SAYS!
*****************
Clare: Al-Sudani: We will not let the projects stop in any governorate, and their completion will change the economic and social reality
5/23/2024
Prime Minister Muhammad Shiaa Al-Sudani stressed today, Thursday, that we will not let the projects stop in any governorate, indicating that their completion will change the economic and social reality of the governorate.
The media office of the Prime Minister stated, in a statement received by {Al-Furat News}, that “Al-Sudani chaired, in the Najaf Governorate building, a meeting of directors and officials of service departments and formations, during which the reality of services in the governorate was reviewed, and the most prominent problems and obstacles facing the progress of implementation of service projects.” ".
He stressed that "the government kept in mind the citizen's entitlements when preparing the government program, and made the necessary basic services among the most important priorities, especially the lagging and stalled infrastructure projects related to the health, education, and other sectors, due to the conditions of war, terrorism, and instability."
He explained that "there is pressure on services and infrastructure in all sectors in the governorate, for various reasons, the most important of which is the delegations of visitors to Najaf Al-Ashraf."
The Prime Minister said during the meeting: “We look at services starting from the perspective of lagging projects, some of which date back to 2008, such as the treatment plant project,” pointing out that “the continuation of lagging projects causes collapses and changes in prices that burden the state.”
He added, "The federal government and local governments form one team," noting that "the voter for local governments is awaiting the results of his participation in the elections."
He continued: “Our visit aims to develop solutions to the problems, and we do not want to repeat the same excuses after a month or two,” adding: “We are following up on the smallest details and developing solutions, and we have allocated financial allocations, but we are governed by a budget and allocations, and the ability to spend these allocations.”
He added: "We will not let the projects stop in any governorate, and the completion of the projects will change the economic and social reality of the governorate," adding: "Visitors to the Old City come from all over the world, and the level of services in the governorate is measured in light of what is available in this area of the city."
He pointed out that "investing in Najaf Governorate is necessary to develop the industrial city and complete it in various aspects," calling on businessmen to "invest sovereign guarantees to establish agricultural and industrial projects."
He stated that "the indicators of the agricultural season confirm the growth in production, and 5 trillion dinars have been allocated to pay the dues of farmers and farmers, and Iraq is on the path to achieving self-sufficiency in basic crops." LINK
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 A second set of books is a normal business action. Many companies, many firms for financial projections, for balances, for audit purposes, for changes whatever it may be, run a second set of books. The second set of books is simple business practice. It's not illegal unless you're doing it illegally under the table...This second set of books is not hidden...they [Iraq] expose it [their second second set of books] to the right people, IMF, World Bank, US Treasury...
Paulette Many feel that if Iraq changes the rate, they will have tons of money just as they that hold IQD hopefully will. The difference between "dinar holders" and the government of Iraq is that we hold IQD and they hold USD. Where I think Iraq sees a windfall is if they pass the budget after the CBI 'reveals" the RD/RV to the world and thereafter RI's. For example, if the CBI changes the rate to 1.30...and then the COM and Parliament pass the change to the budget tables, a 130 billion USD value budget will be 100 billion IQD. If they then RI after to 2.60USD, that same 100 billion IQD will have the purchasing power of 260 billion USD...deficit solved...
Secret Banking Crisis Looms; What the Fed Doesn’t Want You to Know – Insider Nomi Prins
Daniela Cambone: 5-22-2024
"The Fed needs to understand its boundaries and stop pretending it’s like inflation Superman," says Dr. Nomi Prins, geopolitical finance expert and bestselling author.
She explains that the Fed has no ability to impact real inflation — the increased prices that individuals and companies face daily. She also discusses how the Fed is operating in conjunction with big banks.
Banks remit their excess earnings to the Fed, which then passes those earnings to the Treasury Department. However, because the banks haven’t reported enough of their excess earnings, the Fed is operating at a loss.
She warns that if these banks collapse, we can expect more quantitative easing and a return to zero interest rates.
CHAPTERS:
00:00 Fed cut rates
3:00 Five Flashpoints for Q-3
6:19 Credit cards debt
9:11 U.S.-China tariffs
12:11 Geopolitics moves
13:32 Inflation
15:29 Commodity prices
19:20 Banking crisis
Iraqi Dinar Video Update Thursday Afternoon 5-23-24
Iraqi Dinar Video Update Thursday Afternoon 5-23-24
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
Iraqi Dinar Video Update Thursday Afternoon 5-23-24
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
Some “ASEAN and BRICS” News 5-23-2024
10 ASEAN Countries To Ditch the U.S. Dollar Vinod Dsouza May 20, 2024
The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions. ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.
Source: orfonline.org
10 ASEAN Countries To Ditch the U.S. Dollar
Vinod Dsouza May 20, 2024
The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions. ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.
Source: orfonline.org
ASEAN: 10 Countries Look To Stop Using the U.S. Dollar, Settle Trade Payments in Local Currencies Instead
The 10 ASEAN countries that are looking to stop using the U.S. dollar for trade are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. According to the latest figures from the International Monetary Fund (IMF), commonly called the World Bank, the combined GDP of ASEAN nations currently stands at around $4 trillion.
If the ASEAN alliance completely starts using local currencies for trade, the U.S. dollar will be in jeopardy. In particular, Indonesia is the most aggressive among the lot in pushing the de-dollarization agenda ahead. Indonesian President Joko Widodo is urging the bloc to quickly move away from the U.S. dollar and start using local currencies.
The move will strengthen their native economies giving local currencies a boost in the global foreign exchange markets. Several developing countries fear the rising U.S. debt of $34.4 trillion can affect their native economies and businesses. Therefore, the only solution to American debt is to make ASEAN countries use local currencies and sideline the U.S. dollar.
The U.S. pressing sanctions on other developing countries is also among the reasons why ASEAN wants to ditch the dollar. A stronger local currency will have no adverse effects from U.S. sanctions making their economies safer. In conclusion, the next decade will be different for the U.S. dollar as many nations are looking to uproot it.
Source: Watcher Guru
https://dinarchronicles.com/2024/05/22/10-asean-countries-are-looking-to-ditch-the-us-dollar/
BRICS: America’s 4th Largest Bank Warns of Economic Crash
Joshua Ramos May 22, 2024
Amid the ongoing geopolitical shift brought about by the BRICS economic alliance, America’s 4th largest bank has warned of an impending economic crash. Specifically, Citigroup’s chief US economist, Andrew Hollenhorst, has spoken with CNBC regarding his concerns for the United States and its economic fragility.
Hollenhorst discussed his concerns, specifically regarding the labor market. He noted that the deterioration of the hiring sector could have dire implications for the country. Ultimately, he spoke on why a hard landing may be all but an inevitability for the nation.
Citigroup Warns of Potential Economic Crash
Over the last year, the BRICS economic alliance has observed significant growth. Not only has the bloc embraced its first expansion initiatives since 2001, but it has also embraced alliance-wide economic policies. These infrastructure developments hinder international reliance on the US dollar while promoting local currency use.
Now, the geopolitical shift that the BRICS bloc has orchestrated may be playing a part in America’s 4th largest bank warning of an impending economic crash. Specifically, Citigroup’s Andrew Hollenhorst noted that a hard landing is likely in the cards.
“Firms are hiring at a lower rate. Firms are having workers work less hours,” Hollenshorrts told CNBC. “So this gradual softening has already started. That tends to snowball and end up in something that looks more like a hard landing.”
Moreover, Hollenhorst noted that some reports have expressed a more concerning view of the economic circumstances. Additionally, he noted that a recession could be set to follow any hard landing that takes place. Specifically, he notes that small businesses have displayed the lowest levels of hiring intentions since 2016.
Furthermore, the hiring rate is at its lowest level since 2014, Hollenhorst stated. Therefore, the labor market’s reality coincides with the overall interest rate issue, inflation persists, and optimism does not appear to be a logical response.
All of this will also contend with the ongoing US dollar questions that have arisen in recent months. The BRICS alliance has driven a global shift toward gold and other assets. Therefore, ongoing debt concerns and de-dollarization initiatives will only increase pressure on the US in its most dire state.
Source: Watcher Guru
https://dinarchronicles.com/2024/05/23/americas-4th-largest-bank-warns-of-an-economic-crash/
Coffee with MarkZ, joined by MilitiaMan. 05/23/2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ, joined by MilitiaMan. 05/23/2024
Member: A very good morning to everyone today.
Member: RV there yet…lol
Member: have any of you heard anything about 800 numbers possibly being sent out by the end of this week????
Member: There are lots of rumors out there that this is our weekend.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ, joined by MilitiaMan. 05/23/2024
Member: A very good morning to everyone today.
Member: RV there yet…lol
Member: have any of you heard anything about 800 numbers possibly being sent out by the end of this week????
Member: There are lots of rumors out there that this is our weekend.
Member: I watched the MM & crew this morning ….UNBELIEVABLY GOOD
MZ: Welcome MilitiaMan ….what is the latest?
MM: I had an interesting phone call/conversation this morning. I was piped into a 3 way/4 way call. One of the people worked with Credit cards globally and is in one of rooms. The topic on this call had her somewhat excited that the US is gearing to do their T-1 clearing on the 28th of this month. That is a fast timeframe for clearing and settlement of bonds or stocks or currency transactions-things of that nature.
MM: Here transaction are about 3 days. If you do a transaction, or but a stock or whatever- it takes 3 days to clear. This is a lot of time. T-1 will effectively be about 6 hours to do transacctions around the world…and that’s for everybody.. Its my understanding that the US is the last one to be at that T-1 mark. We are the largest market.
MM: Canada does not have a holiday like we do (memorial day) ….so they are going on the 27th.
MM: I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamse dong.
MM: I think this is a big thing.
MM: Iraq and the US have been in bed together –so to speak with DFI accounts that were changed to the Iraq 2 accounts for all the oil money that was in the DFI funds.
MM: We know that the executive order 13303 was just resigned by the President of the US. This gives them protections from debtors ect…I believe this will help with Americans and their investments and large companies like Honeywell ect…who want to know they will not have problems with their assets. I believe when Sudani visited the US he was assured that this would be signed. And it is good for another year.
MM: Yesterday Jamal Cougar said they could get the Iraq budget schedules done in less than 10 days. That runs just a little bit past the T-1 on the 28th and 29th. We will just have to see what happens.
MM: I believe their parliament legislative process recess starts on the 9th of June. The importance of this particular budget schedule is for projects and contracts to be paid.
MM: The expectation is they will not be able to afford these at a rate of 1310. Or they would already have done it.
MM: Talking about electronic trading and how everyone is going to be on the same page with cross border payment –it lets me think we are going to see something potentially on or before or very close to this time frame because of interconnectivity and being able to move money on a level platform or playing field. This is pretty big.
MZ: A number of people are asking what is T-1 clearing?
MM . It’s a transaction date . T=Transaction …and normally it takes 3 days which is a long time. In this modern world they will be able to do this transaction in 6 hours in one day…..instead of 3 days. And this will be a global situation. Starting on May 28th for the US and May 27th for Canada. Again the US is supposedly the last country.
MM: To me it’s no coincidence that Iraq has done all their different advancements and that Sudani is going to launch his development road projects on May 30th. so Sudani was telling the world he was going to do something in the month of April – and he did it.
MM he said in the past that the dinar was going to be stronger than the dollar. And , we are expecting that.
MZ: and yesterday Sudani said they were starting the second phase of their economic reforms.
MM: And at the bottom of an article yesterday he said they were about to strengthen the dinar.
MZ: To strengthen the dinar is to add more purchasing power and be stronger than the dollar. For it to be stronger than the dollar it has to be worth more than a dollar.
MM: yes.
MZ: People want to know if they can drag this out until next year?
MM: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide.
MZ: Things are finally getting tangible enough that I can be excited.
MM: This is an amazing event that we are watching unfold.
Member: Thank you so much MM and Mark
Be sure to listen to the full replay for all of MilitiaMan’s information and opinions.
MZ: This one is important. “Increased capacity in Iraq’s refineries “ They are coming up to speed to produce all of their domestic petroleum needs. $25-$30 millions of dollars worth of gas per day . This is gas for pumps and cars. They are ready to be an exporter of gas. This is new for Iraq and key for their economy.
MZ:” Zimbabwe applies for ISO code for ZIG currency” To be international. I think this is a big one.
Member: Okay all, Let’s Be Of The Highest Vibrations! The Universe is listening and will give you more of what you say! If you say you’re tired, you get more tired. The Universe Always Says Yes!!!
Member: Julie Green A turn around coming, per God's prophetic word. Says get ready!
Member: Thank you MarkZ for all you do for us to keep us informed and an early Happy Birthday to you
(MarkZ’s Birthday is tomorrow)
Member: Mark so they tell me it’s your birthday so happy birthday darling May you live may you love May all your dreams come true Happy Birthday to you……God Bless
MZ: Thank you for the pre birthday wishes.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
8 Things to Know About T+1 Settlement
May 16, 2024 Nathan Peterson
As of May 28, 2024, settlement cycles on stock trades and other securities go from two days to one. Will that affect your portfolio? Here are eight things to know.
For many investors, making a trade feels like an instant process. But there are actually two important dates involved in any trade that investors should know and understand—and one of them is about to make an important change.
The transaction date is the day you successfully execute a trade. The settlement date is when that trade becomes official. It's the date when payment is due for purchases, when securities sold must be delivered, and the security's transfer agent has verified the new shareholder and removed the former one.
On May 28, 2024, settlement cycles on any U.S. securities trade will change from two business days to one. For most investors, this event may have little or no impact. But for some, the time it takes to settle a trade can significantly influence portfolio and trading decisions (more below).
Known officially as T+1 (trading day plus one business day), this transition will put trade settlement for stocks, bonds, and related assets on the same one-day timetable. Two-day securities settlement—currently known as T+2—has been the standard since 2017 when the Securities and Exchange Commission (SEC) amended its rules to shorten settlement from three days.
How will T+1 affect you and your investments? Here are a few key things to know:
What's driving shorter settlement cycles? Faster technology and investor preference, mainly.
What does T+1 mean for most investors? Generally, very little because many brokerage firms today including Schwab—require cash or adequate margin prior to entering any securities orders in a client's account for efficient settlement. And unlike decades ago, investors typically hold their securities in their accounts electronically, so relatively few people have to rush paper certificates to their brokerage offices by the settlement deadline. However, it's worth noting that for some investors, faster securities settlement could influence future trading, portfolio, and tax strategies (see below).
Which securities will be affected by T+1? According to the Financial Industry Regulatory Authority (FINRA), stocks, bonds, exchange-traded funds (ETFs), certain mutual funds, municipal securities, Real Estate Investment Trusts (REITs), and master-limited partnerships (MLPs) traded on U.S. exchanges will move from T+2 to T+1 as of May 28.
What about government bonds? Government bonds settlement is already set at T+1.
How will T+1 settlement actually work? For example, let's say you execute a securities trade on Monday. After May 28, 2024, that transaction must be settled on the next business day, which would be Tuesday if the markets are open. If you were to successfully trade on a Friday, your settlement date would be the following Monday—as long as it isn't market holiday. Note: Mexico and Canada are also moving to T+1 settlement on May 27—U.S. markets reopen on May 28 that week because of the Memorial Day holiday.
How could T+1 influence certain investment decisions? Some investors will want to make sure they own shares by specific dates to participate in proxy votes or annual meetings. In these cases, shorter settlement cycles can help the investor.
Could T+1 affect margin interest? In certain cases. For example, margin account investors who place a trade but need to sell money market funds (MMFs) to cover their purchase need to make sure those MMF proceeds are available before or on the same day as settlement to avoid a margin interest charge. That means for margin account trades in bonds, equities, or other securities, MMFs will need to be sold by 4 p.m. ET.
Are there potential tax issues? Because of T+1, you'll have half the time to correct any cost basis decisions you made in a trade. Once settlement is complete, your cost basis—your total initial investment, any commissions or fees paid, and decisions on how you'll collect dividends and distributions—is set for tax purposes. After T+1 goes into effect, any cost basis adjustments will have to be made within one business day of the trade, not two.
Bottom line
On May 28, 2024, T+1 arrives for U.S. investors, trimming the settlement cycles for securities trades from two days to one. For some investors, one-day settlement cycles may mean greater convenience. For others, T+1 may require closer attention to how shorter settlement times could affect one's investment, trading, or tax decisions. To learn more about how this transition could affect your individual situation, consider reaching out to a qualified advisor.
https://www.schwab.com/learn/story/7-things-to-know-about-t1-settlement
News, Rumors and Opinions Thursday AM 5-23-2024
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 Thurs. 23 May 2024 Compiled Thurs. 23 May 2024 12:01 am EST by Judy Byington
Judy Note: It’s the end, and time for a New Beginning. Keep love for all humanity in your heart and God in your plans to help them.
Jamie Dimon, the CEO of JPMorgan Chase, has announced his plans to retire, while FDIC Chair Martin Gruenberg would also step down. The FDIC lacks sufficient funds to cover insured accounts.
These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.
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 Thurs. 23 May 2024
Compiled Thurs. 23 May 2024 12:01 am EST by Judy Byington
Judy Note: It’s the end, and time for a New Beginning. Keep love for all humanity in your heart and God in your plans to help them.
Jamie Dimon, the CEO of JPMorgan Chase, has announced his plans to retire, while FDIC Chair Martin Gruenberg would also step down. The FDIC lacks sufficient funds to cover insured accounts.
These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.
Global Currency Reset:
Judy Note: Apparently Tier4b (us, the Internet Group) has not yet been notified of how to set exchange and redemption appointments, although some Bond People are liquid and expectations are that things will start to explode this Memorial Day Weekend.
Wed. 22 May 2024 Wolverine Chat: “This will not be a long chat. There was a meeting last night in Reno. The topic was when to release the notifications. The notifications are coming out. The main bondholders are hopefully expecting notifications today. So hold on everyone!! We are on the very edge of this! Expecting notifications to come in today for the major bondholders. Tier4B, in my opinion, will hopefully come in on the weekend. Things are happening in the Pentecostal group. The leader will be having a get together in Bogota the first week of June, so then they will be ready to go. It was a very good audio that they put out yesterday. Hopefully they will be able to release it has been long time for that platform as the owner has been through so much. Not much other Intel coming through right now. Keep your fingers crossed and hopefully we will have good news very soon. Take care,” Wolverine
Wed. 22 May 2024 MarkZ: “I am confident that some Bond Holders such as those in Humanitarian Projects are being paid and bonds are moving today Wed. 22 May.”
Tues. 21 May 2024 Banker: “Well folks was advised we would have positive indications today but now am being told it should come on the 24th which is this coming Friday which would give the banks time to deal with their Fridays and Mondays and begin to schedule appointments later into next week. We can only hope that at some point these projections will be accurate.”
Tues. 21 May 2024 Unknown Source: “Banks in the USA will close on the 24th and until May 27th (Monday) they will be offline, without credit cards and without access to 24-hour banking. It will be the beginning of AES – EMERGENCY ALERT SYSTEM and on Tues. 28 May 2024, some banks and companies will no longer open.
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Tues. 21 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:
There was a meeting last night with 64 individuals in Reno to decide when the emails were going out for Tier 3, 4a,b. They were told to make the decision whether this was going on Tues. 21 May, or on Wed. 22 May.
A Metals Broker said that this could go overnight tonight Tues-Wed 21, 22.
Everyone left Reno either last night or at 6am this morning. That means they got things done and we should have this overnight tonight or tomorrow.
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Global Financial Crisis:
Tues. 21 May 2024 Congressman Tom Emmer calls to ban CBDC’s and says President Biden wants to trade Americans’ right to privacy for a CCP-style Central Bank Digital Currency surveillance tool.
Read full post here: https://dinarchronicles.com/2024/05/23/restored-republic-via-a-gcr-update-as-of-may-23-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man There's a lot of money going to to be made in Iraq and it's all starting to come together. When the World Bank is sitting at the table and they're working to finance projects, take a look at it. It doesn't smell of, 'oh, this is never going to happen, blah, blah, blah, we heard this two years ago.' No you didn't. I have to tease because I still get that on occasion.
Frank26 Question "What does your gut say the rate will be in the end?" Remember I said IMO the float would probably be between $3.36 and $4.25 would be a good place to cap it.
IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News
Edu Matrix: 5-23-3034
IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News - The International Monetary Fund's Latest Report on Iraq is Good News.
Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.
China SELLS RECORD $53.5B in US Debt, Geopolitical Risks & Fear of Sanctions Shift Global Economies
Lena Petrova: 5-22-2024
Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24
Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Iraqi Dinar Today Video Update Wednesday Evening 5-22-24
Iraqi Dinar Today Video Update Wednesday Evening 5-22-24
Great News IMF Finally Announced New Rate Of IQD – 4:25
Latest News President of IRAQ New Exchange Rate Had Been Announced – 4:02
Chase Bank Surprised IQD Holders – 4:50
Amazing NEWS Investors Something Big Happenings – 3:58
Iraqi Dinar Today Video Update Wednesday Evening 5-22-24
Great News IMF Finally Announced New Rate Of IQD – 4:25
Latest News President of IRAQ New Exchange Rate Had Been Announced – 4:02
Chase Bank Surprised IQD Holders – 4:50
Amazing NEWS Investors Something Big Happenings – 3:58
Great News IMF Finally Announced New Rate Of IQD – 4:25
Latest News President of IRAQ New Exchange Rate Had Been Announced – 4:02
Chase Bank Surprised IQD Holders – 4:50
Amazing NEWS Investors Something Big Happenings – 3:58
More News, Rumors and Opinions Wednesday PM 5-22-2024
TNT:
CandyKisses: International group lifts Iraq from ‘bad’ financial list
Shafaq News / The Middle East and North Africa Financial Action Task Force (MENAFATF) on Wednesday ranked Iraq as a country highly committed to recommendations on combating money laundering and terrorist financing.
The Media Center of the Iraqi Supreme Judicial Council, in a statement received by Shafaq News, said that the organization decided at its general meeting held in the Kingdom of Bahrain for the period from May 19-23, to consider Iraq one of the countries that are highly committed to the recommendations of the Financial Action Task Force (FATF) in the field of combating money laundering and terrorist financing.
He pointed out that "the report of the residents on Iraq and the adeqency of the procedures followed by the Iraqi authorities in the field of combating money laundering and the financing of terrorism were accepted."
TNT:
CandyKisses: International group lifts Iraq from ‘bad’ financial list
Shafaq News / The Middle East and North Africa Financial Action Task Force (MENAFATF) on Wednesday ranked Iraq as a country highly committed to recommendations on combating money laundering and terrorist financing.
The Media Center of the Iraqi Supreme Judicial Council, in a statement received by Shafaq News, said that the organization decided at its general meeting held in the Kingdom of Bahrain for the period from May 19-23, to consider Iraq one of the countries that are highly committed to the recommendations of the Financial Action Task Force (FATF) in the field of combating money laundering and terrorist financing.
He pointed out that "the report of the residents on Iraq and the adeqency of the procedures followed by the Iraqi authorities in the field of combating money laundering and the financing of terrorism were accepted."
He pointed out that accepting the residents' report "means continuing not to include Iraq on the gray list, which is the list of high-risk countries in the field of combating money laundering and terrorist financing, after the Iraqi team succeeded in convincing the general meeting of MENA FATV of the adequacy of the measures taken by it in this field."
The media center explained that the two deputy presidents of the Karkh Court of Appeal, Judges Ali Hussein Jaffat, Lia Jafar, and the Deputy Chairman of the Russafa Court of Appeal, Judge Ayad Mohsen, participated in the meeting with a group of representatives of the Anti-Money Laundering Office of the Central Bank of Iraq, as well as representatives of the rest of the relevant Iraqi institutions.
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Tishwash: US Extends State of Emergency in Iraq
United States President Joe Biden has extended the state of emergency in Iraq for another year, citing the ongoing instability in Iraq as a threat to US national security.
On Monday, the White House released the letter of President Biden’s notification to Congress regarding the extension of the state of emergency in Iraq for another year.
According to Biden’s letter to Congress, “to address the unusual and extreme threats to US national security and foreign policy posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political administration and economic institutions,” the US president has extended the 2003 national emergency in Iraq for another year.
Resolution 13303 was issued by former US president George W. Bush after the Iraq war on May 22, 2003, to protect the Iraqi Development Fund for the reconstruction of Iraq, as well as to protect Iraqi oil products, US interests, and to lift sanctions on Iraq.
“It will allow the US president to take more steps in Iraq, including the use of emergency forces, the deployment of more troops, the imposition of economic sanctions, the suspension of certain laws and measures, or any other step to protect US national security and foreign policy in Iraq.”
The US president must notify Congress of the extension in a special letter 90 days before the expiration date.
In recent years, Iranian-backed Iraqi militia groups have called for US withdrawal from the country.
For future US and international coalition forces in Iraq, the US and Iraq have established a joint Higher Military Commission, which is a military-to-military dialogue between Iraqi and U.S. defense leaders and professionals.
Since its launch in January 2024, the three subcommittees established by the Higher Military Commission have conducted meetings in Baghdad supported by coalition members to discuss the threat of IS, the operational environment, and the capabilities of the Iraqi Security Forces.Link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Is Iraq a member of the WTO? 'Well, Frank you say they're a member of the WTO, they qualified for it.' But do you see any official paper that tells you they're a member of the WTO. 'No.' Why not? Until you see the new exchange rate. 'But you don't have to have a high exchange rate to join the WTO. Why do you say something like that?' Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.
Mnt Goat The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.
Commodities Have 'Never, Ever' Been More Undervalued Than Today: Leigh Goehring
Commodity Culture: 5-22-2024
Leigh Goehring brings his decades of experience as an investor in natural resources to send a message: now is the time to invest in commodities, as they have never been more undervalued in the history of markets. Leigh goes in-depth on his investment thesis for gold, silver, uranium, copper, energy, and agriculture, along with explaining the cyclical nature of commodities and why today is when you want to be invested in the sector.
ITS GETTING MUCH WORSE FASTER. NOW MORE THAN EVER! HOARD GOLD, SILVER, COMMODITIES.
Greg Mannarino: 5-22-2024
Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24
Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, May the 21st. and you're listening to the big call. I'm glad everybody's tuned in. Hopefully you're listening all around the globe to our Starlink satellite system and our star team, or as I call it, I call it sat, sat team meaning, satellite team, and hopefully sat team is doing their thing and getting the call out all over the place – so that’s great news
We're looking forward to having a really good call tonight. I'm excited about it. And I can't wait to get started. let's go ahead and pray the call in,
Okay, all right, well, let's see is that four minutes of the hour let's go ahead and get into some intel and see if we can define where we are you know, I can make this short and sweet and I think I'm inclined to do that. So let’s say it this way -=
We've got information that there was a meeting last night, I'm going to say yesterday evening and through last night to 64 individuals in Reno. Now this was designed to have 2 of our top people at the top of getting this RV done. One of which you've heard me talk about Judy Shelton was there and another person there, but they were told by a leader. I'm not sure who it was exactly. But they said, Alright, you guys. Get to this meeting in Reno. And decide when the RV numbers are going to come out.
Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, May the 21st. and you're listening to the big call. I'm glad everybody's tuned in. Hopefully you're listening all around the globe to our Starlink satellite system and our star team, or as I call it, I call it sat, sat team meaning, satellite team, and hopefully sat team is doing their thing and getting the call out all over the place – so that’s great news
We're looking forward to having a really good call tonight. I'm excited about it. And I can't wait to get started. let's go ahead and pray the call in,
Okay, all right, well, let's see is that four minutes of the hour let's go ahead and get into some intel and see if we can define where we are you know, I can make this short and sweet and I think I'm inclined to do that. So let’s say it this way -=
We've got information that there was a meeting last night, I'm going to say yesterday evening and through last night to 64 individuals in Reno. Now this was designed to have 2 of our top people at the top of getting this RV done. One of which you've heard me talk about Judy Shelton was there and another person there, but they were told by a leader. I'm not sure who it was exactly. But they said, Alright, you guys. Get to this meeting in Reno. And decide when the RV numbers are going to come out.
In other words, the emails that we're waiting for in tier three and tier four, for us bondholders and tier three, and tier four, A & B We're B Internet Group, make that decision as to whether this is going to be released either Wednesday or today.
I think we can write today off unless and I've got some other stuff to say about it. But it definitely brings Wednesday tomorrow into play high chance of it and they reached the decision - According to people we had on the ground.
It appears that this could go according to the results of our person on the ground – In Reno – this could go at any time -
Now to start - I’ll just cut to the easy math between three in the afternoon tomorrow and nine that evening tomorrow night. If it's tomorrow, and not tonight, so let's talk about that for a second -
So we got a thirty hour window from 9am this morning – Eastern - to six which would put it at 3pm in the afternoon, tomorrow. To 9pm. And that works.
And it could be a Charlie Warren Thursday, where we get notified - set appointments and stock exchanges on Thursday. I don't know that but that is very possible.
Now the other intel that we have about relatedness comes from a precious metals broker in New England. That is saying the information he has is showing that this would go later on tonight.
And it could end up manifesting to us in the morning. It could have come out in the morning.
A rate would be established at the banks at 9am in the morning, the redemption centers in less than five days. So when we did have was that the rate, we're shooting zeros, I believe on Saturday, all across the screen. And then Sunday. They started moving up they started coming on to the screens and changing and coming up in the values.
So it appears that the rates are moving in the direction that we actually expect them to be and we can't say what they are we don't know excactly - but they are supposed to be on the bank screens and on the redemption center screens yesterday and especially today.
So they're moving in the right direction they're populating this expression. Rates are populating and they were moving the expression we heard for redemption center was moving at 90 miles an hour.
The pitcher rates just populating showing movement all across the board. That's probably what happened –
Now. Will they settle in overnight? Will they settle at a place? Monday? I don't know. But let's find out. Generally speaking, that banks that are doing exchanges, the rates will maybe they fluctuate. You might have one rate in the morning and then you might have a bank rate in the afternoon - Stay with that rate. Even if it moves off of it a little bit. That could be a situation we're in.
I don’t know if we are going to have fixed rates when we go in or whether we're going to have variable rates because they're still being traded up or dow
But whichever it is they're going to be good. they're going to be very good. And I heard one piece of information that we did not confirm it's just one piece that the contract rate on the dinar is going to be very very high. And the reason that was - I think they should theoretically offer us - is that because Iraq, remember we have the technology to pull off the natural gas from theswe oil wells - and that gas on the oil wells. And we taught them technology years ago, probably at least five or six or more years ago - where they could capture that before you're just losing it into the atmosphere. As you guys know, natural gas or compressed natural gas CNG is very valuable and very affordable.
So I think they learned the technology how to kap gas from the wells pa In addition to pulling the oil off, but that takes the per barrel price if you will, tire, because the contract rate is based on what a barrel of oil in Iraq can be sold to a buyer like Turkey who's buying oil by the barrel from Iraq, that created a certain - A certain contract rate for us.
Well, you take that the barrel price of oil and add to that the value of the net gas that's being pulled out of the well and you get an enhanced price - it doesn't mean that the oil is selling for more but you have more value coming out of that well, because that natural gas can be stored, compressed, and sold and use you guys know CNG. Right. That's really a great product recently.
So I think we're going to be very pleasantly surprised by that. In addition, we've had things like around the globe, showing changes in leadership, Switzerland is a new Switzerland, and we've got a new leader in that country - We've got a new leader in Brazil.
We have a new leader coming in Iran with what has happened in Iran recently and there's another country I believe of Singapore also is sovereign and pulls away from their influence underneath Great Britain
So there's a lot has happened in the last week or so. Even few days. That's moving all these countries into their own sovereignty. I think that's all part of GESARA and I'm encouraged by what's happening around the world with totally new leadership positions.
So that's what I want to bring as far as that goes
The other thing the Neville Brothers was saying was that this could go overnight tonight, maybe - this is a maybe - maybe we do wake up to the emails tomorrow - or maybe not. But that was kind of what one opinion of this broker who was pretty well connected, was saying.
So maybe we get this in the morning. Maybe we get it by noon. Maybe we get it in the afternoon or in the evening - from what we're getting from our source on the ground in Reno.
What I found interesting was everybody left Reno either last night, or at 6 am this morning - that’s the report we had from the airport. So it sounds like they got it done. They made a decision. And based on that decision - we should have this overnight tonight or tomorrow – So that’s the latest information that we have had.
I don't have any update to that that was what we received in the morning today. and nothing else has come into to ameliorate that.
And as far as other Intel. You know nothing else is coming to mind. Now, that's as important as what we heard today. And we're all concerned about any of witnesses being released. And now that you have that. I want to be in an attitude of prayer as we pray. the call out tonight.
Let's say these numbers are not Let's say we have a Charlie Ward Thursday meeting set appointments and what does that look like?
And if that happens, we probably won't have another black big call. But we will probably be sending you guys you know calls that are cast with links sent to you by email.
Okay, there's quite a bit to it. So thanks for listening, everybody. I appreciate you. And let's just say and say for this So this information that we got today is reliable and holds up And we're looking forward to getting this very soon. Thank you all Let's pray the call out.
Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24 REPLAY LINK Intel Begins 1:05:15
Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:13:23
Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24 REPLAY LINK Intel Begins 1:10:00
Bruce’s Big Call Dinar Intel Thursday Night 5-9-24 REPLAY LINK Intel Begins 51:51
Bruce’s Big Call Dinar Intel Tuesday Night 5-7-24 REPLAY LINK Intel Begins 1:05:15
Bruce’s Big Call Dinar Intel Thursday Night 4-25-24 REPLAY LINK Intel Begins 1:13:20
Bruce’s Big Call Dinar Intel Tuesday Night 4-30-24 REPLAY LINK Intel Begins 59:25
Bruce’s Big Call Dinar Intel Thursday Night 4-25-24 REPLAY LINK Intel Begins 1:21:11
Bruce’s Big Call Dinar Intel Tuesday Night 4-23-24 REPLAY LINK Intel Begins 1:05:15
Bruce’s Big Call Dinar Intel Thursday Night 4-18-24 REPLAY LINK Intel Begins 58:58
Bruce’s Big Call Dinar Intel Tuesday Night 4-16-24 REPLAY LINK Intel Begins 58:48
Bruce’s Big Call Dinar Intel Thursday Night 4-11-24 REPLAY LINK Intel Begins 1:01:31
Bruce’s Big Call Dinar Intel Tuesday Night 4-9-24 REPLAY LINK Intel Begins 1:03:30
Iraqi Dinar Today Video Update – Wednesday AM 5-22-24
Iraqi Dinar Today Video Update – Wednesday AM 5-22-24
Wells Fargo Confirmed Iraqi Dinar RV – 4:47
Good Time to Change the VND – 3:57
Its, Massive ,Iraqi Dinar Surprising Announcement – 4:24
Chase Bank & US Treasury Windows Open - IRAQ Done - Sudani Announced Worldwide – 4:36
Iraqi Dinar Today Video Update – Wednesday AM 5-22-24
Wells Fargo Confirmed Iraqi Dinar RV – 4:47
Good Time to Change the VND – 3:57
Its, Massive ,Iraqi Dinar Surprising Announcement – 4:24
Chase Bank & US Treasury Windows Open - IRAQ Done - Sudani Announced Worldwide – 4:36
Wells Fargo Confirmed Iraqi Dinar RV – 4:47
Good Time to Change the VND – 3:57
Its, Massive ,Iraqi Dinar Surprising Announcement – 4:24
Chase Bank & US Treasury Windows Open - IRAQ Done - Sudani Announced Worldwide – 4:36