More News, Rumors and Opinions Friday PM 7-12-2024

TNT:

Trade confirms the imminent opening of 3 central markets in Baghdad

The Ministry of Trade confirmed, today, Friday, that the General Company for Central Markets has prepared a well-thought-out plan to resume its activity, noting the imminent opening of 3 markets in Baghdad as part of a comprehensive plan to open 19 sites. 

Director General of the Central Markets Company, Zahra Al-Kilani, told the Iraqi News Agency (INA): "The plan includes concluding partnership contracts and contracts to open marketing outlets with private sector companies specialized in this field, as the focus was on Baghdad Governorate, and there are marketing outlets that will have priority in opening to reach the final stages."

Al-Kilani added that "the central market of Al-Amel neighborhood, Al-Salihiya market, and also Al-Shaab market will be opened very soon, and there will also be some markets with some commercial character, including Al-Rashid Central Market, Al-Khalani Building."

She stressed that "the company has begun concluding contracts in Nineveh, Kirkuk, Kut and Basra, and the rest of the other markets will witness campaigns to rehabilitate them again," noting that "the General Company for Central Markets owns 19 central markets throughout Iraq, in addition to other sites, warehouses, complexes and shares that it owns with other companies of the ministry."  link

Tishwash:  Saudi Arabia is Iraq's new commercial destination.. Economist predicts the future

Economic experts expected, on Thursday, the growth of trade between Iraq and Saudi Arabia in the coming period, while stressing the importance of developing trade exchange between the two countries, as Saudi Arabia has one of the strongest economies in the Middle East.

Ghazi Faisal, director of the Iraqi Center for Strategic Studies, said in a statement followed by Mawazine News, "Saudi Arabia represents one of the giant regional economies, as its annual GDP is approaching one trillion dollars, and during the past decades it has invested in the field of minerals in addition to gas and oil, as it is the first producer of oil in the world, and it is also an important investor in agriculture and industry, and it previously offered Iraq to invest in agriculture in the south of the country, but pressures from forces opposing openness to Saudi Arabia have disrupted the project."

Faisal added, "Today there is an important openness to Saudi Arabia, as an agreement was signed since the time of former Prime Minister Haider al-Abadi, and the Iraqi-Saudi Economic Council was formed, which holds joint meetings, and Iraq opened up to Saudi investors in various fields."

Faisal pointed out that "Saudi Arabia is a major player in international economic relations and an important member of the G20 group of economic powers in the world, so it is important for Iraq to open up to the Kingdom and benefit from its capabilities."
In comparison with neighboring countries, the director of the Iraqi Center for Strategic Studies explained that "Turkey's products differ in nature, due to the abundance of water and land. It is an important agricultural and industrial country, and trade exchange with Turkey will remain indispensable."

As for Iran, according to Fassal, it is "an important country commercially, but it is shackled by economic sanctions, as it suffers from restrictions on the movement of currency for trade with Iran, which causes the existence of a parallel market in Iraq and black transfers and other issues that burden the Iraqi economy with major problems."

It is known that Iraqi markets depend on Turkey and Iran to meet their needs for goods, as the volume of trade exchange between Iraq and Turkey reached $20 billion according to Turkish President Recep Tayyip Erdogan, while Iran intends to reach this number by 2027.  link

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

Frank26   The moment the value goes up where is the Iraqi dinar, where is that exchange rate going internationally?  ...Forex. It's going to the community that is starving for this currency...In doing so the value will go up in what's called a float.

Militia Man  The Central Bank...is probably telling people [exchange companies], if you don't do this [play by the rules] you're going to have a big problem...Those 1200 entities that were talking about going on strike got a reality check.  Because could you imagine holding massive amounts of US dollars when you could be holding dinar and they change the value of the currency to show their purchasing power when they drop the three zeros?  It's going to bring value.  It's not a lop like a lot of people keep thinking...It doesn't bring any value.  A lop is like a reverse split...It's silly.

U R G E N T BREAKING NEWS Iraq's Secret Transactions in Chinese Yuan

Edu Matrix:  7-12-2024

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

THE US DOLLAR DOWNFALL WILL RAPIDLY WORSEN FROM HERE... IMPORTANT UPDATES.

Greg Mannarino:  7-12-2024

https://www.youtube.com/watch?v=58ny-qMr9P0

Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-12-24

Good Afternoon Dinar Recaps,

CFTC CHAIRMAN TOLD AN ILLINOIS COURT THAT BITCOIN AND ETHEREUM ARE DIGITAL COMMODITIES

"CFTC Chair Rustin Behnam says 70-80% of cryptos are not securities."

"(Kitco News) – The battle over digital asset regulation appears to be heating up as Commodity Futures Trading Commission (CFTC) Chair Rustin Behnam told an Illinois court that Bitcoin (BTC) and Ethereum (ETH) are digital commodities under the Commodity Exchange Act and that 70-80% of tokens in the cryptocurrency market are not securities. "

"Behnam made the comments while testifying before the U.S. Senate Committee on Agriculture, Nutrition and Forestry’s hearing on the oversight of digital commodities."

"Given the risks that this unregulated market poses to U.S. investors, I have consistently and publicly called for new legislative authority for the CFTC, including before this Committee. Congress must act quickly in order for regulators, like the CFTC, to provide basic customer protections that are core to U.S. financial markets.”

"Federal legislation is urgently needed to create a pathway for a regulatory framework that will protect American investors and possibly the financial system from future risk.”

"Dr. Roger Marshall, the Republican Senator from Kansas, brought up the turf war between the SEC and the CFTC over who gets to regulate digital assets, and asked Behnam, “Wouldn’t it be simpler if we put this whole thing under the CFTC's jurisdiction?”

@ Newshounds News™

Read more:  Kitco

~~~~~~~~~

PUTIN SAYS THAT BRICS WILL LIKELY CREATE THEIR OWN PARLIAMENT while speaking at the 10th BRICS  Parliamentary Forum

"Russia’s President Vladimir Putin, speaking Thursday at the tenth BRICS Parliamentary Forum in St. Petersburg, indicated his openness to the creation of a BRICS Parliament. "

"Present were guests from 18 countries, including non-BRICS CIS States. This is the first such forum since the UAE, Iran, Egypt, and Ethiopia joined the group in January."

“BRICS does not yet have its own parliamentary institution, however, I believe that the idea will definitely be implemented in the future,” Putin said.

@ Newshounds News™

Read more:  The American Conservative

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OIL PRICES RISE AGAINST THE BACKDROPOF DECLINING INVENTORIES

Oil prices rose today, Thursday, against the backdrop of a decline in gasoline stocks and a decline in crude stocks after American refineries intensified processing operations, reflecting strong demand.

Brent crude futures rose 35 cents, or 0.4 %, to $85.43 per barrel.

US West Texas Intermediate crude rose 36 cents, or 0.5 %, to reach $82.47 a barrel.

Source: National Iraqi News Agency

@ Newshounds News™

Read:  Iraq News Gazette

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JP MORGAN EXPECTS BITCOIN AND THE CRYPTO MARKET TO REBOUND IN AUGUST

"Investment banking giant JPMorgan recently said that Bitcoin and the greater cryptocurrency market will see a massive rebound take place in August. Indeed, the bank also noted that ongoing liquidations taking place in the market are expected to last through the end of July."

“The reduction in the estimated net flow largely driven by the decline in Bitcoin reserves across exchanges over the past month,” JPMorgan’s Nikolaos Panigirtzoglous said. The bank said that the $12 billion mark was highly doubtful. This is likely due to BTC price relative to the production cost and price of assets like gold."

@ Newshounds News™

Read more:  Watcher Guru

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SILVER PRICE OUTLOOK: Will Strong Demand and Tight Supply Keep Prices Shining?

—Silver prices have risen due to a supply and demand gap, with demand outstripping supply for the fifth consecutive year.

—Industrial demand, driven by green energy, AI, and EVs, now accounts for 64% of global silver demand.

—A potential slowdown in China’s economy and prolonged high interest rates could dampen silver prices.

—Bullish Pennant pattern breakout hints at further upside. Will inflation data halt the move?

Silver prices have seen a remarkable rise this year, and with six months still to go, many are wondering just how high they could climb. One key factor to watch is the supply and demand dynamics, as demand for silver continues to outstrip supply.

According to the World Silver Survey, 2024 is the fifth year in a row with a silver shortage. In 2023, silver demand was higher than supply, leading to a market deficit of over 142 million ounces. By the end of 2024, this shortfall is expected to nearly double to 265 million ounces because of increasing industrial demand.

Silver Supply (Orange Line) and Demand (Green Line), 2019-2024 
Historically, half of the demand for silver was for industrial use and the other half for investment. Recently, industrial demand has grown significantly, now making up 64% of global silver demand, up 19% from last year.

This trend shows no signs of slowing. The primary drivers of the silver supply squeeze are the Green Energy Transition, particularly solar energy, and the high demand from the Artificial Intelligence and electric vehicle (EV) sectors. These industries are among the fastest-growing in the world today.

The only worry has been a recent dip in demand from China and the possibility of a slowdown in the Chinese economy. This could help balance the demand and supply gap. Prolonged higher interest rates from Central Banks could also dampen silver prices and possibly stop the rally. The sooner the US Federal Reserve cuts rates, the better it would be for silver prices.

@ Newshounds News™

Read more:  Action Forex

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SATOSHI'S VISION STILL ALIVE.  BITCOIN IS SHIFTING TOWARDS MORE P2P PAYMENTS

On-chain data suggests Satoshi’s original vision is alive and kicking as the Bitcoin network has shifted towards smaller transactions.

Bitcoin P2P Payment Transfers Have Been Gaining Steam Recently
In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about a pattern shift on the BTC network regarding transactions that may be classified as peer-to-peer (P2P) payments.

First, Ju has discussed the trend in the transaction fees on the Bitcoin network. The “transaction fees” here naturally refer to the fees that senders on the blockchain have to attach with their moves as compensation for the validators.

@ Newshounds News™

Read more:  Bitcoinist 

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THIS ARTICLE IS A PERFECT EXAMPLE OF HOW 3 LETTER AGENCIES CAN LEGISLATE BY MAKING "RULES" THEN PROCEED TO "ENFORCE" THOSE RULES WITHOUT THEM EVER BECOMING LAW OR SOMETIMES SLIPPING THROUGH A REVIEW PROCESS BY LAWMAKERS

GAO Concludes SEC's SAB 121 Is Subject to Congressional Review Act

"The SEC’s staff accounting bulletin 121 says that when an entity has an obligation to safeguard crypto for its users, that entity ought to reflect a liability on its balance sheet to reflect its obligation to safeguard that crypto at the fair value of the crypto. SAB 121 also says that the entity should, in turn, recognize a corresponding asset on its balance sheet measured at the fair value of the crypto."

"SEC Chair Gensler has said he is “actually quite proud” of SAB 121."

So, bottom line, if a something is a “rule” for purposes of the CRA, Congress has to be given a chance to review and reject that rule under fast-track procedures.

The GAO Says SAB 121 Is a Rule

"In August 2022, Senator Cynthia Lummis asked the Government Accountability Office to determine whether SAB 121 is a “rule” for purposes of the Congressional Review Act.1"

"Today the GAO released an opinion concluding (over the objections of the SEC) that, yes, SAB 121 is a “rule” for Congressional Review Act purposes."

"SEC did not submit a CRA report to Congress or to the Comptroller General in regard to the Bulletin. In its response to us, SEC maintained that the Bulletin is not subject to CRA because it does not meet the APA definition of a rule as it is not an “agency statement” of “future effect.” Response Letter, at 2–4. For the reasons explained below, we disagree. We find that the Bulletin does meet the definition of a rule under APA and that no exception applies. Thus, the Bulletin is subject to CRA’s submission requirement."

"It is true that the fact that SAB 121 is a “rule” for Congressional Review Act purposes will, for a window of time,2 make this easier. As noted above, a resolution of disapproval brought under the Congressional Review Act cannot be filibustered, so Senator Lummis or another pro-crypto Senator could force a vote on it if they so choose. But legislatively overturning SAB 121 would still require a majority vote in the Senate and in the House, and then the President signing the resolution into law. That seems unlikely here, for obvious reasons."

THIS PARAGRAPH ABOVE IS WHAT TOOK PLACE YESTERDAY (7/11/24) WITH THE HOUSE TAKING A VOTE TO OVERTURN BIDEN'S VETO UNSUCCESSFULLY

"The bigger question though is, regardless of when SAB 121 becomes “effective,” what exactly does that mean? And, equally, what does it mean for SAB 121 to have been ineffective from the time it was issued until the time (presumably in the near future) that the SEC submits SAB 121 to Congress?"

"Here again, I am not sure. The SEC’s position, according to today’s GAO opinion, is that SAB 121 “at most” indicates “how the Office of the Chief Accountant and the Division of Corporation Finance would recommend that the agency act.” So, taking the SEC at face value, SAB 121 should not, on its own, and whether “effective” or otherwise, have been the basis for any action by the Commission."

THE ARTICLE REFERENCED WAS WRITTEN IN OCTOBER OF 2023. THIS SHOWS HOW LONG THE DEBATE OVER SAB 121 HAS BEEN GOING ON. FOR FURTHER CLARITY PLEASE READ THE FULL ATTACHED BLOG ARTICLE.

@ Newshounds News™

Read more:  BankRegBlog
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BRICS DEVELOPING A PAYMENT SYSTEM USING BLOCKCHAIN

"In March, we learned that BRICS is actively developing a payment system utilizing the blockchain.  Many countries are starting to link payment systems.
Russia and China have almost stopped using the dollar in their mutual trade."

'Trade between Russia and China surged by 26% to $240 billion in 2023, with over 90% of settlements conducted in their national currencies.

This is very significant as the blueprint has arrived.
China's trade with other BRICS members rose 11.3% year-on-year in the first quarter, underscoring the growing ties within the group."

"The result?
More and more countries are shifting to localize trade to become less dependent on the dollar.
They are starting to put their foot down.
This week, a Russian IMF rep said BRICS could offer an alternative currency in the event of the dollar's and the international monetary system's collapse."

"Gold reigns supreme on this reset's chessboard, serving as the most strategic piece in this intricate puzzle."

@ Newshounds News™

Read more:  Twitter - Gold Telegraph

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Economist’s “News and Views” Friday 7-12-2024

HOW to NOT Lose Everything (The Shocking Truth)

Taylor Kenny:  7-11-2024

Imagine waking up to find your savings and assets are suddenly worthless due to a currency reset.

A terrifying reality for millions worldwide.

Taylor Kenney investigates hyperinflation and national debts that can lead to such resets, devastating your personal finances.

With US record breaking debt and persistent inflation, the threat is closer than you think. Act now to ensure your financial security before it’s too late.

CHAPTERS:

00:00 Looming Reset

 01:09 Venezuela's Currency Reset

02:30 Argentina's Currency Reset

04:34 Are My Assets Diversified?

06:02 Money vs. Currency

07:48 True Diversification

https://www.youtube.com/watch?v=wu5_j0v-GAg

Customers Panic As $100 Million In Deposits Just Disappeared From Bank Accounts

Atlantis Report:  7-11-2024

In a time when most people use digital transactions and online banking, a recent financial disaster has caused a lot of trouble for banks. Millions are missing from customers' accounts, leaving depositors very worried about their money.

This unusual event has shown that there are problems with financial technology, fintech, and industry and has made people very concerned about the safety of the banking system.

The disappearance of so much money has made people scared that the whole system is about to fail, and trust in banks is diminishing.

https://www.youtube.com/watch?v=clp1cTv2kCg

SILVER ALERT! Silver POPS on CPI News as the Silver Riggers are LOSING CONTROL!!

 (Bix Weir)  7-12-2024

There is an all out battle in the silver price suppression scheme! On one side is a Cabal of Western Bankers & Monetary Masters that have suppressed the price of silver for the part 175 years.

On the other side is the Industrial Demand for Physical Silver that is INSATIABLE and shows NO SIGN of weakening in the foreseeable future!

The outcome of this Epic Battle will CHANGE THE WORLD!

https://www.youtube.com/watch?v=g6byUskiFh8

“Tidbits From TNT” Friday Morning 7-12-2024

TNT:

Tishwash:  The Central Bank explains the reasons for the rise in dollar prices

Today, Wednesday, a member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, explained the reasons for the rise in dollar exchange rates in the local market.

Berihi said in a statement to the Maalouma Agency, “The issue of the rise in the exchange rate of the dollar against the Iraqi dinar in the local market is not related to the measures taken by the bank, but rather due to the American restrictions imposed on the Central Bank and related to the electronic platform.”

He added, "Another reason related to the rise in the exchange rate of the dollar is the connection to the electronic platform that controls the floating of the currency in the market where it is less than the demand. Therefore, the price of the dollar will be raised and the platform is controlled by the US Federal Reserve, which will cause a difference from the official price."

During the past few days, the exchange rates of the dollar against the dinar recorded a noticeable increase in the stock market and banking shops in the capital, Baghdad, and the provinces.

During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on private banks, and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the local markets.   link

Tishwash:  Foreign Minister discusses with Washington the issue of frozen Iranian funds in Iraq

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein held an important meeting with the US Under Secretary of State for Political and Administrative Affairs, John Bass, in Washington, DC, during which the issue of frozen Iranian funds in Iraq was discussed.

According to a statement by the Ministry of Foreign Affairs, Fuad Hussein stressed "the importance of strengthening US-Iraqi relations in various fields," noting "the common desire to expand political and economic cooperation between the two countries."

The Minister addressed the issue of frozen Iranian funds in Iraq, stressing the need to find a quick and fair solution that serves the interests of both parties and enhances financial stability in the region.

In the context of enhancing economic cooperation and bilateral relations, special emphasis was placed on enhancing economic cooperation between the United States and Iraq. Minister Hussein pointed out the importance of supporting the financial and banking sector in Iraq, with an emphasis on the challenges related to the use of the dollar in financial transactions. 

He stressed the "need to find solutions that enhance the stability of the Iraqi economy and contribute to achieving sustainable growth."  link

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Tishwash:  Financial Supervision announces the preparation of a draft of the updated unified accounting system

The Financial Supervision Bureau announced, on Thursday, that it has taken measures to develop and improve the accounting and auditing professions in Iraq. While it referred to the issuance of the internal control guide binding on all government agencies, it confirmed the preparation of a draft of the updated unified accounting system in accordance with international standards.

The Deputy Chairman of the Financial Supervision Bureau, Qaisar Al-Saadi, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the Federal Financial Supervision Bureau seeks to achieve its objectives specified by its founding law, including developing the accounting and auditing professions in Iraq."

He explained that "one of the most prominent steps taken by the Bureau is issuing reports evaluating the internal control systems in ministries, entities not affiliated with a ministry, and governorates," indicating that "the aim of this is to raise the level of performance of these formations, enhance efforts to combat financial and administrative corruption, improve institutional performance, and work on the principle of preventive control to reduce this phenomenon."

He pointed out that "the Bureau issued the Internal Control Guide, which was circulated to all government agencies for mandatory adoption starting from 7/1/2024," noting that "this guide aims to help these agencies accomplish their work in a way that ensures tight control and oversight over financial transactions and the preservation of public money."

He added, "The Court has completed preparing a draft of the updated unified accounting system in accordance with international standards. This draft has been circulated to government agencies, unions and universities for the purpose of expressing their opinions and making appropriate amendments in preparation for its actual implementation in the near future."

He added: "The Bureau also contributed to holding the first session of the Audit and Accounting Standards Board in the Republic of Iraq for the year 2024 after an interruption of more than four years, during which the audit and accounting issues were discussed and appropriate decisions were taken regarding them, which contributes to developing the work of the profession in Iraq."

He pointed out that "these steps come within the framework of the Bureau's commitment to developing and improving the accounting and auditing professions in Iraq in line with international standards and contributing to enhancing integrity and transparency in government institutions."

He added, "The Bureau relies in its work on the international standards issued by the International Organization of Supreme Audit Institutions (INTOSAI). The Bureau is also a prominent member of the organization and has many contributions, including participation as a member of (5) working groups, attendance at seminars between INTOSAI and the United Nations, and cooperation with the INTOSAI Development Initiative in its various programs, in addition to the Bureau assuming the chairmanship of the Strategic Planning Committee in the organization."

Al-Saadi explained that “the Court cooperates with international and local organizations and similar oversight bodies such as the Dutch Court of Audit in the field of performance evaluation and peer review, the Court of Auditors in Morocco in the field of judicial oversight, and the Polish Oversight Body in the field of risk-based auditing, as well as the German Cooperation Agency (GIZ), the Korea International Cooperation Agency (Koica), the Japan International Cooperation Agency (Jika), and the Indian Technical and Economic Cooperation Program (ITEC).”

He pointed out to the "multiple activities with oversight bodies in Arab and Islamic countries such as the General Auditing Bureau in the Kingdom of Saudi Arabia, the Audit Bureau in the State of Qatar, the Turkish Court of Accounts, the Supreme Audit Court in the Islamic Republic of Iran, the Accounting Council in the Algerian Republic, and many others," noting that "these standards and evidence contribute, along with international cooperation, to enhancing the effectiveness and efficiency of the Bureau in carrying out its oversight work in a way that ensures transparency and integrity in government institutions."

He stressed the "commitment of the Federal Audit Bureau to enhance transparency and integrity in all state institutions by working in accordance with international standards and effective cooperation with regulatory bodies and international organizations," stressing "continuing efforts to develop the accounting and auditing professions and providing technical and accounting support to ensure optimal performance and preservation of public funds, in addition to giving great importance to supporting the role of youth in building the future by enhancing their capabilities to be real partners in combating corruption and evaluating government performance in order to achieve the desired goals  link

Mot .. Not Saying - I Could Use Da RV – Buuttttttt  

Mot: . Gunna beeeee un of Thos Daze!!!!

News, Rumors and Opinions Friday AM 7-12-2024

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 12 July 2024

Compiled 12 July 2024 12:01 am EST by Judy Byington

Judy Note: What we think we know as of Fri. 12 July 2024:

Now on Wed. 10 July 2024 Fox News discussed the NESARA Law – indicating that the nation had broken away from the Federal Reserve System by way of a Global Currency Reset to gold/asset-backed currencies of 209 Sovereign nations. That act closed the Federal Reserve and IRS, while the US changed over to a sales tax on new items only – and the Deep State Cabal no longer had control of US Taxpayer monies.

Global Currency Reset:  (Opinions/Rumors)

Thurs. 11 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

An Email went out to Redemption Center Leaders and was received at 5 pm today Thurs. 11 July 2024. That email said that Tier4b would get our notifications either Sat, Sun or Monday to make appointments before or by Tues. 16 July.

There was a meeting in Reno today Thurs. 11 July where they decided when to pay out the Bond Holders, private groups and platform traders.

Another source said everything would start Sat. night and culminate on Sunday 14 July.

There was another meeting in Reno on Fri. 12 July and Tier4b could be notified to get their appointments any time after, but likely on either Sat, Sun or Monday 15 July.

There was a solid rate on the Dong.

You would be far better off to use the toll free number to get an appointment at the Redemption Center to do your exchange. They offer far higher rates than the banks. There was no reason to do exchanges at a bank.

The Redemption Centers would offer the Contract rate on the Dinar that is way higher than we expected.

~~~~~~~~~~~

Thurs. 11 July 2024 Wolverine:

We are just about to start any time or any day now to pull the trigger for the green light so get ready. This is what we have been waiting for, for a very long time. The powers above are saying any time now for the Green Light.

This means the opera, Carpathia’s beautiful words, the video and trumpets of freedom will be posted. This will be quite an emotional moment for all you guys, especially when the notifications come through.

Some bond holder platform leaders have received notifications, and this includes the NDA they needed to sign and other things they need to do to get paid. There are bond holders that must go to a redemption center to cash in.

So this is it. There is no more than I can say. We are waiting.

The private contractors are getting paid. Pretorious is about to go.  Very soon, maybe today or tomorrow. I am quite excited for that to happen.

I will be traveling soon, but I must go.  You will not hear from me for a while.

I have a special guest today. I want you to listen to what she has to say. She is part of the Chinese Elders. Her name is Elizabeth Rodriquez Ruiz.

Ms. Rodriguez: First of all, my time here is morning, so good morning to all the Chosen Ones.  It is my honor to be one of your speakers with Mr. Wolverine and thank you for this opportunity.  Wolverine saw my YouTube interview and there are lots of things happening right now.

My Name is Elizabeth Rodriquez Ruiz. I was born in the Philippines, and I immigrated to the USA Guam in 1975, so it has been 45 years now of being a resident, but I still hold a Philippine passport. I was here in the Philippines since June 2019 before the lockdown, kind of like house arrest, as I could not get out because I did not have the vaccine and was isolated.

As I told Wolverine, I am the only legitimate Heir of the Rodriguez Trust. This Trust will fund all the projects in all the countries of the world. It all starts in July of 2024, this year. This is the time of year that will explode with redemption.

How does it work, start, when how and who. I told Wolverine when I was back in the USA in Las Vegas, NV that my sources told me it would always start in Reno.

Everyone will get toll free numbers to tell you where to go and what type of facility location you will go to.

The minute you start your paperwork you must sign your non-disclosure.

The money is now 1% mobilized and the rest of the 99% will be received later from the center in the Philippines.

When the time comes, they will have an inauguration in the Philippines. There will be a huge change in the country. It will be a royal monarchy.

After the inauguration the facilitation of account holders, including people from bankers and holders of all documents accounts and assets, will be entitled to get 10% of their share.

Being heir to the Rodriguez Trust, I am the sole executor and all accounts will be done by sole executor as I am the only redeemer to execute this.

This month of July of 2024 is the platinum Jubilee. All is in place still waiting for greenlight. We are looking at any time this week, or next week, but July will have the most incredible global explosion. Anytime soon now it will happen, it all must be willed from God, we cannot control it. If you are not part of the physical and spiritual it will not work.

WOLVERINE: I received an audio from a paymaster, not sure which one. The paymaster said to be patient as the green light is about to go.  This came in an audio.  That is good news.

MS. RODRIGUEZ: We wait for the green light.  I wish I could go now to the bank to trigger the light, to redeem, but when you look at this globally, there is a time that it is meant to happen.  But the war came with Russia, then things were delayed  – the time has to be properly prepared.  

Anytime soon – it can happen, tomorrow or tonight, remember we must never lose our hope and to have faith.  All this is for only the Chosen Ones, as you were chosen for this.  

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

Thurs. 11 July 2024 Goldilocks: The Central Bank of Iraq is now testing their new Iraqi Dinar Rate on the Forex.

Wed. 10 July 2024 Jennifer Fallaw-Doering: “The bonds have been funded. Notifications are expected within a week. Exchange locations are preparing for the rush. I saw a man sitting at a desk watching a computer screen. I felt that they are making sure the program for notifications is safe and working correctly. People walking by around behind him. Someone asked in chat about the 100t Zim. I heard “3” and “ 7 zeros”. So expected rate still stands. Carry on.”

Thurs. 11 July 2024 MarkZ: “I’m hearing the same thing from all of my contacts – that everything is done and they are just waiting for the green light to go. That’s all of my contacts: Banks, Group and Bond leaders, Iraqi contacts, Military contacts – everything is done. They are waiting for the go. …The Prosperity Packages have already started paying out.”

Wed. 10 July 2024 Frank26 Call: Hawaii Airlines and certain hotels were now accepting the IQD. HCL is accomplished and is international.

Wed. 10 July 2024: Executive Order 1110 gave the US the ability to create its own money backed by silver. On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” DISCLOSED: President John F. Kennedy, The Fed and Executive Order 11110 – American Media Group (amg-news.com)

Thurs. 11 July 2024: The Currency Revolution: Nesara Gesara Law, ISO 20022 Wealth Transfer, QFS, GCR/RV, Gold-backed Currencies and Blockchain Exposed – The Untold Story! – American Media Group (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/07/12/restored-republic-via-a-gcr-update-as-of-july-12-2024/

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

Nader From The Mid East  What's going on in Iraq is really really good.  Last month you see me talking about this month, about July.  I said from now to July 8th you'll get some good news and that's exactly what happened.  You see every proof of possibility to revalue or reinstate.  I think it's reinstatement more than revaluation.

RayRen98  SOURCES ARE SAYING "ATTEMPTS" AT THE RATE CHANGE HAVE BEEN MADE EVERY DAY THIS WEEK SO FAR...TECHNICAL ISSUES ARE BEING BLAMED...TIME WILL TELL...

Walkingstick  All the sales of oil are now in Iraqi dinars  and no longer in American dollars...The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use.  No foreign currency.  Nobody stealing foreign currency or their currency.  Security and stability is because of the control Sudani has.

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Foreigners Massively Dumping USD & Rushing To Gold | Alasdair Macleod

Liberty and Finance:  7-11-2024

Although many noticed the rising gold price over the past quarter, most do not realize that is a side-effect of savvy foreign holders of US dollars and bonds dumping the dollar, and not seeing a safe haven in Euros, Yen, or real estate, rushing into to gold as a safe haven asset.

They see the value of the US dollar is going down the drain. Regardless of the outcome of the election, the US national debt crisis is going to get worse, says Alasdair Macleod.

With foreigners massively dumping US dollars and US Treasuries, gold and silver "are the only protection you should consider," he says.

INTERVIEW TIMELINE:

0:00 Intro

1:25 Gold market

 29:30 US dollar & BRICS

35:30 Banking system

https://www.youtube.com/watch?v=7a7QINXAK9M

3 Real Assets Primed For Growth In The Coming Inflation Bonanza

3 Real Assets Primed For Growth In The Coming Inflation Bonanza 

Notes From The Field  By James Hickman/Simon Black 7-11-24

After today’s inflation report showing ‘only’ 3% inflation, the Federal Reserve is all but guaranteed to start slashing interest rates.

The Fed Chairman essentially promised as much to Congress earlier this week, and has warned that if they don’t start cutting interest rates soon, “we could undermine the [economic] recovery.”

These guys still don’t get it. At this point it’s not even about 3% inflation (which is still too high) or 2% inflation. It’s about prices going back down to pre-pandemic levels… or just lower in general.

But that’s just never going to happen. The Fed doesn’t care about price reductions; they’re happy with a slower rate of price increases… which is totally out of touch with what people want and need.

They’ve been itching to cut rates for months… almost desperate. And in large part that’s because they’re terrified about the US government’s insolvency.

The national debt is about to pass $35 trillion. And high interest rates mean that the annual interest bill this year will exceed the US military budget-- more than $800 billion-- for the first time in nearly 250 years of American history.

The Fed knows that they have to slash interest rates as quickly as possible. With ultra-low rates (like 1.5%), the interest bill on a $35 trillion national debt is manageable… as long as the federal government can rein in spending and stop the debt from growing further.

Of course there are two key problems with this thinking:

First, there is zero evidence that the government will rein in spending. If anything, they seem primed to spend even more. I’ve mentioned several times before that even the US government’s own budget forecasts project more than $22 trillion in additional debt over the next decade.

Second, slashing interest rates will most likely result in significant inflation-- just like we saw in 2021-2022.

We’ve written before how real assets are a safe haven from inflation, and I wanted to briefly discuss three real assets that look especially promising.

The first is physical gold and silver, which serve as a store of value-- especially during inflationary times.

Higher inflation will likely trigger a surge in demand, making the price of precious metals not only keep up with inflation, but exceed it.

But there is another reason why gold will do especially well the worse inflation gets.

The worse inflation becomes, and the worse the US national debt becomes, the more likely the US dollar will lose its spot as the dominant reserve currency. And central banks all over the world-- India, Poland, Singapore, etc. have been feverishly buying up physical gold over the past few years, most likely to prepare for that potential change.

So if inflation picks up, it’s a good bet that central banks will keep buying up gold-- and driving prices higher.

Gold mining stocks should also do extremely well in that scenario due to their exposure to gold prices.

What’s interesting right now, though, is that despite gold being near an all-time high, share prices of many gold mining companies are incredibly cheap.

That’s because central banks-- which have driven gold prices to record highs-- only buy physical gold bullion. They do not buy gold stocks.

However, while the price of gold has already increased substantially, the stock prices of many great gold miners has not.

This is because most of the current demand for gold is coming from central banks. And central banks only buy physical gold— not gold mining stocks.

This means that gold stocks are currently a bargain-- with a LOT of upside potential.

Last, US natural gas is another compelling real asset primed for huge growth.

Right now, natural gas prices in the US are dramatically lower than they are in Europe… and it’s easy to understand why: the US has some of the biggest natural gas reserves in the world, while Europe has almost nothing by comparison. (This is why Europe is so reliant on Russian gas).

And since Joe Biden has banned new LNG (liquefied natural gas) export terminals from the US, it’s difficult to move that US natural gas to Europe.

This is why prices in the US are less than $3, versus more than $10 in Europe. If US producers were free to export, prices in the US would rise, prices in Europe would fall, and the global natural gas prices would be more or less the same, similar to oil.

In terms of energy equivalence to oil, $3 per million BTU natural gas is the equivalent of paying around $15 - $20 for a barrel of oil. That’s cheap. And it means US natural gas is the most underpriced conventional energy commodity in the world.

But it probably won’t stay that way for long.

First, large tech companies, which are building massive, energy-hungry AI data centers, are also looking at putting in their own power plants… which will most likely be powered by natural gas.

Second, the new export terminal ban probably won’t last. There are lawsuits, legislation, and an upcoming election, any one of which could restart new LNG exports. When this happens, US natural gas prices could quickly rise.

In either case, natural gas producers stand to benefit substantially from higher prices. And it just so happens that shares of many of the best quality producers right now are laughably cheap, with low multiples relative to earnings, book value, and Free Cash Flow.

Looking at the overall investment landscape now, with many conventional stocks and indexes near all time highs, these three sectors strike me as some of the most promising investments for an inflationary environment.

To your freedom,   James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/3-real-assets-primed-for-growth-in-the-coming-inflation-bonanza-151138/

More News, Rumors and Opinions Thursday PM 7-11-2024

TNT:

Tishwash:  this is what it looks like when they are there celebrating

Karbala suspends official working hours for these days

Today, Thursday, the holy Karbala Governorate announced a three-day official holiday, coinciding with the anniversary of the martyrdom of Imam Hussein, peace be upon him.

The provincial council stated in a statement received by “Iraq Awaz Yerfer” that “the council decided to suspend official work on Tuesday, Wednesday and Thursday, on the anniversary of the martyrdom of Imam Hussein, peace be upon him.”  link

Tishwash:  Iraq and the Inter-State Transformations in the Relationship with Washington

 Prime Minister Mohammed Shia al-Sudani was not seeking, during his recent visit to the United States, a media glare or a souvenir photo at the White House as much as he was seeking to bring about a qualitative shift in the relationship between Baghdad and Washington

A profound transformation in this relationship and to go beyond the stage of focusing on the security file that has dominated the relationship since 2003, and to move towards multiple partnerships in several fields. However, in the beginning, there is an urgent need to restore confidence between the two parties in a way that achieves the strategic interests of Iraq.

There are still sharp differences between the two parties, the most important of which is in the method of performance and management of files.

 It seems that Mr. al-Sudani seemed more willing to reach an understanding and present conditions that were not previously proposed in drawing up the relationship between the two parties, including financial guarantees for loans and other financial exchanges that were not clear in the exchange between Iraq and America. link

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

Mnt Goat   ...two main issues concerning the monetary policy...The first issue is about the cash outside of the banking system...that the percentage of cash outside the banking system reached 91%... they already told us they have plan to retrieve this money... as investors in the dinar...part of the 91% also includes our dinars. They told us this money is desperately needed in the banks...But how will they get ours, as investors? So, the answer is...the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in.    Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations...  [Post 1 of 2....stay tuned]

Mnt Goat  The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase...there is not really much going on in the currency reform process...to indicate that the 3rd phase is started...One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan...  [Post 2 of 2]

G7 Ultimatum: Saudi Arabia Threatens Western Debt Sell-Off Over Russian Asset Seizure

Sean Foo:  7-11-2024

In a sudden reveal, Saudi Arabia issued a warning to G7 in anticipation of the Russian asset seizure.

They warned of dumping EU bonds if the Western powers decided to go ahead with confiscating Russia's sovereign assets.

While this won't immediately crater the US or the European bond market, it shows the Middle East looking to de-dollarize their reserves and trade.

Timestamps & Chapters:

0:00 Saudi Arabia Warns The West

2:36 G7 Asset Seizure Backfires

5:26 Saudi De-Dollarization Risk

8:52 Western Debt A Financial Trap

11:29 Saudi Debt Dump Symbolic Disaster

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

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-11-24

Good Afternoon Dinar Recaps,

BIOMETRIC PASSPORTS BY GOOGLE

"Google Wallet is rolling out support for American biometric passports. Users scan their passport with Google Wallet to add it as an ID pass, and can then perform identity verification by connecting their phone to an NFC scanner or scanning a QR code generated by the ID pass. They are still recommended to carry a physical copy of their passport, however."

"Google Wallet also added support for 29 more banks to its payment feature in June, and is up to 170 added this year alone, indicating the focus remains on payments, for now. Mobile driver’s licenses from several states are already available in Google Wallet.”

"In Europe, where member states are working towards launching interoperable digital wallets for all citizens, they will store national ID cards that function as travel IDs within the EU."

LIKE IT OR NOT THIS SEEMS TO BE THE DIRECTION THAT TECHNOLOGY IS TAKING US. ALL THE MORE REASON FOR LEGISLATION THAT PROTECTS THE PRIVACY AND SECURITY OF INDIVIDUALS.

@ Newshounds News™
Read more:  Biometric Update
~~~~~~~~~

DONALD TRUMP IS SCHEDULED TO SPEAK AT THE ANNUAL BITCOIN CONFERENCE IN NASHVILLE IN JULY

"President Donald Trump has been officially announced as a speaker at Bitcoin 2024, the world’s largest Bitcoin conference, taking place in Nashville, Tennessee, July 25-27. This announcement marks a significant milestone for the event, which has earned a reputation for historic news and major industry announcements."

"With two U.S. Presidential candidates, Robert F. Kennedy Jr. and Donald Trump, both slated to speak, Bitcoin 2024 is poised to be a pivotal event, potentially shaping the future of Bitcoin and cryptocurrency policy in the U.S."

"In May, Trump said he would ensure that the future of Bitcoin and crypto will be made in the USA, while also promising to protect the right to self-custody to the nation's 50 million crypto holders, if elected president."

WE'RE SEEING A DISTINCT DIVIDING LINE POLITICALLY IN THE STANCE OF REPUBLICAN VERSES DEMOCRAT IN REGARDS TO BITCOIN AND THE FUTURE OF CRYPTO LEGISLATION

@ Newshounds News™

Read more:  Bitcoin Magazine

~~~~~~~~~

BRAD GARLINGHOUSE COMMENTS REGARDING THE LAWSUIT AGAINST RIPPLE

"As many have noticed - and some have already pointed out - there have been numerous misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit about XRP. (I’m happy to see some correcting them - I wish I could tag / link them all here)

To be absolutely clear, this is a big win – all class action claims in the suit were DISMISSED, and absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security (per the NY Court decision). The CA ruling dismissed all allegations that Ripple had somehow violated federal securities law by selling XRP.

As for the single state law claim that will now be scheduled for trial: the sole plaintiff didn’t buy XRP directly from Ripple and can’t say if he even heard the statement before he traded and only owned a couple hundred XRP. This was a clear example of the trolls that unsuccessfully tried to take advantage of the US legal system and distort statements to seek 100’s of millions in class action settlements."

@ Newshounds News™

Read more:  BGarlinghouse

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UNISWAP LABS PRESSES SEC TO DROP RULES REGARDING DECENTRALIZED EXCHANGES

"Since at least April 2023, the SEC has proposed expanding the definition of what qualifies as an exchange in the Exchange Act of 1934 — explicitly arguing that it should include crypto market participants in DeFi. Uniswap has been among those arguing against it. In a July 9 letter, Uniswap added further arguments following a comment letter it sent last month, calling for the SEC to drop its proposed amendments. "

"Its new argument is that with the Chevon decision — made during the Loper Bright Enterprises v. Raimondo Supreme Court case on June 28 — courts are no longer required to defer to federal agencies to interpret ambiguous laws. Uniswap said this means the SEC will be merely wasting “limited resources” trying to get the definition of “exchange” amended, which had already been “likely to draw, and unlikely to survive, a judicial challenge” even before the Chevron decision. "

"“For all of these reasons, the Commission should not adopt the proposed amendments,” said Uniswap. “The Commission drafted the proposed amendments against a legal backdrop that no longer exists.”

@ Newshounds News™

Read more:  Coin Telegraph

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Fideum FI
Integration of traditional finance and the digital asset ecosystem

Introduction
Fideum is a fintech company focused on accelerating the digital transformation of financial institutions, banks, and small—to medium-sized enterprises (SMEs) through its eponymous blockchain infrastructure. With the strategic backing of Mastercard Europe and a recent win at the Mastercard Lighthouse program, Fideum aims to position itself as a reliable partner for entities seeking to delve into and capitalize on digital assets.

Founded in 2018, the project initially made waves with its non-custodial mobile wallets, amassing a user base of over 80,000.

In response to the 2022 bear market, Fideum pivoted towards serving institutional clients, developing white-label solutions that cater to high-net-worth individuals and larger entities. This shift, leveraging existing infrastructure, led to profitability by 2023 and cemented Fideum’s position as a fintech innovator, continually adapting to market needs and regulatory landscapes.

This report delves into Fideum’s market, technology, tokenomics, team, partnerships, audits, roadmap, and the risks and opportunities it faces.

Technical specifications:
Fideum’s technical stack is designed to provide security and scalability. The platform has a microservice architecture that ensures flexibility and modularity, allowing for various services to be incorporated seamlessly.

—Backend technologies: The core backend is developed using Java OpenJDK 17, with Spring Boot and Hibernate to streamline development and manage database interactions.

—Frontend technologies: The web and mobile user interfaces are built using React and Expo, with Firebase providing real-time database and authentication services. TypeScript enhances code quality and maintainability.

—Blockchain infrastructure: The platform supports ERC20, BEP20, and TRC20 standards, ensuring compatibility with major blockchain networks such as Ethereum, BNB Chain, and Tron.

—Smart contracts: The use of smart contracts automates transactions and agreements, reducing the need for intermediaries and enhancing efficiency.

—On-chain monitoring solutions: Fideum provides real-time insights into blockchain transactions and activities, allowing for proactive monitoring of suspicious activities.

—Database management: PostgreSQL is used for data storage and management.

—Additional technologies: Kafka is used for real-time data processing, and Minio provides scalable storage for unstructured data.

@ Newshounds News™

Read the full Report Here:  Crypto Slate

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European stablecoin market declines under newly imposed MiCA rules.
Stablecoins trading momentum have slowed amid a broader crypto market downturn.

The market capitalization of European stablecoins declined in June due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, according to CCData’s latest stablecoin report.

The market cap of Euro-based stablecoins fell by 2.51%, hitting a seven-month low of $307 million, the lowest since November 2023. During this period, Tether’s EURT stablecoin’s market cap dropped by 26%, mainly due to delistings from major exchanges like Bitstamp.

CCData noted that MiCA’s implementation spurred interest in stablecoins that comply with local laws. MiCA, the EU’s comprehensive crypto regulation package, was recently enacted. It allows firms licensed by one member state to operate throughout the EU.

However, stablecoin issuers like Tether have criticized the rules for their stringent requirements, such as limits on trading volumes for certain stablecoins.

Despite these challenges, several issuers and their stablecoins, including Circle’s USDC and EURC, Societe Generale’s EURCV, Monerium’s EURe, Membrane’s EUROe, and Quantoz’s EURD, are recognized under the law.

Stablecoins volume fall

In June, the global stablecoin market cap rose by 0.53% to $161 billion, marking a nine-month growth streak and the highest stablecoin market cap since April 2022.

CCData said:

“Stablecoin market dominance is currently at 6.83%, rising from 6.22% in May. The increase in the stablecoin dominance highlights the negative price action of digital assets, with Bitcoin and Ethereum retracing the gains made following the surprise approval of spot Ethereum ETFs in the US.”

Despite the growth, stablecoin trading momentum has slowed amid a downturn in the digital asset market.

Stablecoin trading volume on centralized exchanges fell by 18% to a seven-month low of $907 billion in June. Similarly, on-chain transfer volume decreased for the second consecutive month by 7.5% to $1.8 trillion, the lowest since February 2024. This decline aligns with ongoing bearish market sentiments.

The report also highlighted that USDC had the highest on-chain transfer volume in June, surpassing USDT and DAI.

CCData stated:

“Among the top five stablecoins on Ethereum, USDC leads with $786 billion in on-chain transfer volume, representing 43.6% of the market share. USDT and DAI follow with transfer volumes of $616 billion and $334 billion, accounting for 34.2% and 18.5% of the volumes.”

@ Newshounds News™

Read more:  Crypto Slate

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CENTRAL BANK OF IRAQ (CBI) INTERESTED IN FURTHERING THEIR POSITION ON E-REGULATION

"Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities.

The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities.

The committee defined service providers and established a licensing process through an electronic platform to be developed by the Ministry of Commerce. Committee members emphasized the importance of licensing regulations to safeguard all parties involved in e-commerce."

@ Newshounds News™

Read more:  Iraq Business News

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FTC MAKES A STATEMENT ON CRYPTO AS ASSETS ENTER NEW PHASE

"The chairperson of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam is warning that the crypto industry is likely to face more headwinds from regulators over the coming months.

Speaking at the 2024 Milken Institute Global Conference, the CFTC chair says that the crypto industry will “probably see in the next six to 18 months or six to 24 months another cycle of enforcement actions” amid “asset appreciation and [renewed] interest by retail investors.”

"Without a regulatory framework, without that transparency, without those tools that we typically use as regulators, you are going to continue to see this fraud and manipulation.

And putting aside the legitimacy and where this technology may go and what role it might play in our economy and commerce, the internet, digital assets generally… we just have to think about things from a regulatory and consumer protection standpoint. And I think that needs to be our guiding light in terms of driving this conversation, filling these regulatory gaps and creating this framework that’s ultimately going to protect American investors.”

IF CRYPTOS ARE CLASSIFIED AS COMMODITIES INSTEAD OF SECURITIES, THEY WOULD FALL UNDER THE AUTHORITY OF THE CFTC INSTEAD OF THE SEC

@ Newshounds News™

Read more:  Daily Hodl

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“Tidbits From TNT” Thursday 7-11-2024

TNT:

Tishwash:   Al-Sudani reviews Rafidain Bank reform procedures with Ernst & Young

Prime Minister Mohammed Shia Al-Sudani held a special meeting on Wednesday to develop the work of government banks , in the presence of representatives of Ernst & Young for auditing and financial consulting.

Al-Sudani was briefed, according to a statement published by his media office, on the "technical and administrative procedures related to the Rafidain Bank development project, which were taken during the period following the signing of the contract with the company specialized in structuring and developing work in the banking sector."

Al-Sudani stressed, "The need to continue intensive meetings between the Supreme Committee concerned with the project, which includes the Central Bank of Iraq and government banks, and the consulting company, in order to resolve all matters related to developing the work of Rafidain Bank."

The statement indicated that "the Rafidain Bank development plan includes a comprehensive review and evaluation of the bank's work, and implementing structural administrative reforms, aiming to provide a package of integrated banking services to citizens and companies, relying on advanced electronic programs, modern technology in all banking transactions, optimal use of human and technical resources, and transition to automated work, which helps the bank's ability to meet global banking requirements." link

Tishwash:  A representative accuses America of obstructing Iraq's economic openness to the countries of the world

Today, Wednesday, Deputy Chairman of the Parliamentary Economics Committee, Yasser Al-Husseini, accused the United States of America of obstructing Iraq's economic openness to the countries of the world. 

Al-Husseini said in an interview with the Maalouma Agency, “The United States of America stands against Iraq's economic openness to the countries of the world, indicating that America has contributed greatly to preventing international companies from coming to Iraq.” 

He added, "America stands as a stumbling block in the way of the growth of the Iraqi economy," noting that "what Iraq has reached is due to American interference in internal affairs."

He continued, "America does not want Iraq to be at the forefront of economically developed countries."  link

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Tishwash:  Economic: The ambiguity of the Central Bank's dealings serves the Americans

Today, Wednesday, economic expert Mustafa Hantoush revealed the existence of ambiguity in the Central Bank's dealings, behind which there are intentions that serve American interests. 

Hantoush said in a statement to the Maalouma Agency, “The absence of weekly bulletins on the distribution of the dollar from the Central Bank has made the process of selling the dollar more ambiguous,” noting that “the ambiguity in the Central Bank’s recent dealings regarding the file of distributing the dollar.” 

He continued, "The confusion in the work of the Central Bank enabled the American side to eliminate Iraqi banking by introducing foreign banks and granting them privileges in the country," pointing out that "80% of the dollar is distributed to foreign banks operating in Iraq in a step called presenting banking work on a platter." Who went to America and foreign banks? 

It is noteworthy that the Central Bank authorized the work of three exchange companies inside airports, neglecting hundreds of companies in a decision that many considered a flop, which resulted in the decision increasing the US exchange rate against the Iraqi dinar to more than 150 thousand dinars . link

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Tishwash: For the first time, the Iraqi state's non-oil revenues record an increase of 11%

The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations announced on Thursday that for the first time, the non-oil revenues of the Iraqi state recorded 11% of the total revenues, with oil revenues falling below the 90% barrier.

A report issued by the institution today stated that non-oil revenues for the first five months of the current year amounted to 6.24 trillion Iraqi dinars, while oil revenues for the same period of the current year amounted to 48.4 trillion Iraqi dinars.

According to the report, tax revenues on income and wealth increased by 118%, while revenues from commodity taxes and production fees increased by 285%.

The institution's report indicated that fee revenues increased by 50%, while oil revenues increased by 6.4%.

The continued reliance of the Iraqi state on oil as the sole source of the general budget is a dangerous matter in the face of global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, which thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.   link

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Tishwash:  Revealing the volume of trade exchange between Iraq and Saudi Arabia

 The Saudi-Iraqi Business Council estimated the volume of trade exchange between the two countries at 5 billion riyals, with an annual growth of 12%, according to the head of the council, Mohammed Al-Khorayef.

The council stated in a report that the council is working to develop Saudi investments in Iraq, in conjunction with the interest of the private and governmental sectors in the Kingdom in investing in Baghdad.

It indicated that Iraq is preparing to propose a law to protect Saudi-Iraqi investment and discuss it before Parliament in preparation for its approval in the coming few months, to enhance economic cooperation between the Kingdom and Iraq, according to a statement issued by the Federation of Saudi Chambers.

In December of last year, Saudi Arabia and Iraq signed a partnership agreement in the field of private sector industrial investments, at a time when the Kingdom’s ambassador at the time confirmed that there were many investment opportunities being studied.

Last November, Saudi Minister of Investment Khalid Al-Falih also announced that the Kingdom is studying the launch of the first free economic zone with Iraq, in the border area in Arar, expressing his hopes that the zone would be the first free economic zone with a neighboring country without taxes, fees or entry visas to serve investors in both countries.

5 billion Saudi Riyals equals 1,333,082,700.00 US Dollars  link

Mot:  ... Lets go Deep Sea Diving!! -- It will beeeee Fun they Said!!!! 

Mot:  .. the Patient Fisherman!!! 

News, Rumors and Opinions Thursday AM 7-11-2024

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. 11 July 2024

Compiled Thurs. 11 July 2024 12:01 am EST by Judy Byington,

Judy Note: Wed. 10 July began the Global Debt Jubilee, although many felt it was a no news day – at least none that was revealed to us.

Wolverine knew it was the long waited for Debt forgiveness day. He posted in his room that notifications for exchange appointments for the Global Currency Reset of 209 nations commenced on that Wed. 10 July evening, with at least some liquidity expected to be available on Mon. 15 July. BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)

Also on late afternoon Wed. 10 July we received news that there was a Stock Market Crash Alert for the next day, Thurs. 11 July.

Thurs. 11 July 2024: Stock Market crash alert – Mark calendars for July 11 https://investorplace.com/2024/07/stock-market-crash-alert-mark-your-calendars-for-july-11-2/

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Global Currency Reset:

Wed. 10 July 2024 Wolverine: A note Wolverine placed in the Chosen One Room: “Today I was told that notifications will commence today. Please check your emails.”

Wed. 10 July 2024 Wolverine News Bulletin Report to Mr. Helders, Ruben Baz: “I just found out that Reno will begin the trade today (Wed. 10 July). Europe will follow tomorrow (Thurs. 11 July) and payments will begin on Mon. 15 July. Please pray that there are no further delays. The 12 platforms will open tonight (Wed. 10 July) in Reno and tomorrow (Thurs. 11 July) the six platforms in Zurich. Contracts will be sent over the weekend and money to spend on Mon. 15 July. 1 billion Sow letters sent on Tuesday 16 July and sovereign buyers begin on Wednesday 17 July.”

Reno is imminent, and we are just about to cross the finish line and will start releasing funds soon. They are having a big meeting tomorrow.  We will know when it happens.

I have been told the Codes are inserted, already locked in. It is imminent now that we will be blessed. 

I cannot tell you the rest as it is confidential, but for you, just know to get ready. This is coming right from the top. All is coming to fruition as we have dreamed for many years.

I am going overseas pretty soon – I cannot tell you where. I will be out of the picture for a while. I cannot tell you more. God bless you and just get ready as that Green Light is just around the corner.

I am much better with no pain, now. Thank you for all the private messages worrying about my health. I was just waiting to get that Intel I needed to get this news to you.  Have a beautiful day! Take care, Wolverine

Wed. 10 July 2024 MarkZ: “It is busy on the Bond side, but no one is talking. A number of my Bond Holder contacts have gone quiet. One said he was told he would be liquid this week.” Sat. 6 July 2024: “More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the weekend of Fri. – Mon.  12th-15th. No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period.”

Wed. 10 July 2024 Frank26 Call: Hawaii Airlines and certain hotels were now accepting the IQD. HCL is accomplished and is international.

Tues. 9 July Bruce, The Big Call: “I was told that this was the week for this to go and one of our sources said this should be our week.

Wed. 10 July 2024 Debt Jubilee: BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)

Global Financial Crisis:

Wed. 10 July 2024: BREAKING: There is a Major Crash Coming on Real Estate | RLUSD, Ripple Stable Coin | The Quantum Financial System | Digital Assets and Frequency Healing Devices (video) – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/07/11/restored-republic-via-a-gcr-update-as-of-july-11-2024/

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

Frank26   Sudani made it very clear to the Iraqi citizens he was going to add value to their currency this year.  We're talking about the year 2024...They go by a fiscal calendar...Iraq goes from January 1st to December 31st.  

Militia Man  Probably shortly you'll find that Iraq is going to do something with their exchange rate to be IMO an IMF Article VIII complaint exchange rate that will be openly traded on Forex...    

Nader From The Mid East  Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good.  I can say we are very close.   

Exchange Rates & Three Major Shifts That Could Affect IQD Investors

Edu Matrix:  7-11-2024

Exchange Rates & Three Major Financial Shifts That Could Affect IQD Investors - We must navigate between Iraq and the US before we can turn IQD banknotes into US Dollars.

https://www.youtube.com/watch?v=3rLwaL6b6Ik

BRICS Ended Use of the Dollar: What Comes After?

Wealth Insights:  7-11-2024

Discover the concept of "de-dollarization," a strategy aimed at reducing reliance on the US dollar in global trade and finance.

 While the term has been discussed for decades, its significance has grown amidst geopolitical shifts and economic strategies by nations worldwide.

 Join us as we delve into the growing movement among BRICS+ countries to decrease their dependency on the US dollar.

Explore the motivations driving these decisions and gain insights into the economic tactics employed. We'll also highlight specific initiatives within the BRICS+ alliance, showcasing steps taken to diversify global trade currencies and reshape international financial systems.

https://www.youtube.com/watch?v=n0amiIBb4Yg

Boots On The Ground In The World’s Bitcoin Paradise

Notes From the Field  by James Hickman July 10, 2024

[Editor’s note: This letter was written by Schiff Sovereign’s CEO, Viktorija Simulynaite, who is on the ground in El Salvador.]

The first thing my driver said to me after I got off the plane in El Salvador was, “Welcome to my country. It’s very safe here now.”  I chuckled to myself because this seemed like such an odd greeting. But the more time I spent mingling with locals in El Salvador, the more it made sense.

The transformation that has taken place in the country over the past five years cannot be overstated.

Five years ago El Salvador had one of the highest murder rates in the world. It was basically a war zone. Gangs such as MS-13 and Barrio 18 were far more powerful than the government, and they enforced their own laws in their respective territories, sort of like the Taliban in Afghanistan.

The country’s young president, Nayib Bukele, put an end to all that when he was elected in 2019.

Bukele invoked emergency powers and arrested more than 100,000 suspected gang members, then shipped them off to a special prison far away from the rest of society. In a country of 6.3 million, that amounts to over 1.5% of the entire population that’s now locked up.

It was a controversial move to say the least… and I wonder about innocent people who may have been wrongfully imprisoned.

But El Salvadorans seem quite happy with the results; today their country boasts a lower homicide rate than anywhere else in the Western Hemisphere aside from Canada.

Simultaneously, El Salvador also put itself on the map by being one of the first countries in the world to get behind crypto; they even made Bitcoin legal tender and passed a number of pro-crypto tax incentives.

Those are pretty much the two things that El Salvador is known for these days– putting tens of thousands of criminals in jail, and Bitcoin.

But I was pleasantly surprised to find out that the country has so much more going for it.

This was a place that was scraping the bottom of the barrel just a few years ago. Even aside from the crime problem, the economy was in the dumps. Corruption and bureaucracy ruled the day, and debts were rising.

In just a few short years, however, El Salvador has managed to turn itself around, and the economy has taken off.

It’s not an accident. The government has slashed bureaucracy and established a number of incentives to bring in foreign capital and businesses.

One is the recently passed International Services Law, which offers significant tax incentives to service-based businesses, similar to Puerto Rico’s famous Act 60.

El Salvador’s law, though, is perhaps even more generous than Puerto Rico’s because it includes exemption for import duties, income taxes, municipal taxes, and more.

Service industries like call centers, data centers, software development, and other back-office services are starting to be growing industries in El Salvador, and I met a number of foreign entrepreneurs who are starting businesses in the capital.

Foreign investment is flowing in, and you can see construction projects everywhere– the capital city is quickly becoming sleek and modern, and it completely defied my expectations. Even the restaurant scene is really great.

More importantly, there’s an optimism in El Salvador– one that I haven’t seen in Europe and North America for a long time. People feel like the worst days are over and the future will continue to be much brighter.

Now, all that said, I’m not trying to suggest that El Salvador is some perfect paradise or that anyone should move their business there. I’m really writing about it as a sort of case study.

We talk a lot about how governments and politicians and “inspired idiots” wreck their economies. They rack up massive debts and engineer painful inflation and higher energy prices… and generally make things worse with their every move.

But it’s fair to point out that sometimes governments do smart things. And El Salvador is a great example.

They knew they had to figure out how to turn their economy around. And rather than go down a destructive rabbit hole of wage and price controls, which are standard approaches for bankrupt nations, El Salvador’s government got out of the way and is allowing the free market to blossom.

The one thing they have done very deliberately is market themselves.

Advanced western countries don’t do this. Joe Biden doesn’t travel the world pushing foreign nations to invest in America. Rather, he takes America’s standing for granted and simply assumes that everyone wants to invest there.

El Salvador is a tiny country plagued by a bad reputation for its past challenges.

But rather than let that reputation fester, its leaders are hustling to promote their country all over the world with a clear message: El Salvador is open for business.

It’s fascinating to watch such a positive transformation unfold for an entire nation in real time– and to see politicians deliberately do the right things to foster economic growth.

Given how many Western countries are rapidly deteriorating from their own idiotic political decisions, El Salvador is an obvious example of how much better things could be if reason and sanity were restored in government.

Imagine what the US would look like if politicians were actually cooperating and hustling to bring in new business, to make smart investments, to embrace capitalism, or even to simply rein in spending and slash bureaucratic waste…

We’re planning a boots on the ground trip to El Salvador for members of our Total Access group (i.e. our highest tier premium members at Schiff Sovereign). It’s going to be pretty great.

We’ll be meeting with senior officials and business leaders and checking out, firsthand, what’s going on in the country so that our members can see the transformation for themselves.

We’ll also eat at some of the country’s nicest restaurants and tour the beautiful countryside. And we might even leave with an investment or two.

(We’ve already had Total Access trips to places like Cuba, Singapore, the Republic of Georgia, Uzbekistan, and more, so El Salvador fits perfectly.)

If you’re interested in joining or finding out more about Total Access -- click here to read more about it. We’ll be opening enrollment soon.

To your freedom,   Viktorija Simulynaite   CEO, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/boots-on-the-ground-in-the-worlds-bitcoin-paradise-151131/