"Tidbits From TNT" Tuesday 3-5-2024

TNT:

Tishwash:  Central: We spend millions of dollars on electronic payment, and Iraqis prefer cash

The Central Bank confirmed, on Monday, March 4, 2024, that Iraqi society prefers to deal with cash, pointing out that millions of dollars are spent annually by the bank on electronic payment. 

Iraqis prefer cash in their transactions, while the Central Bank spends millions of dollars on electronic payments

Deputy Governor Ammar Khalaf said in a speech followed by “Ultra Iraq” that “Iraqi society prefers to rely on cash in daily transactions,” noting that “the government’s efforts to support digital transformation, especially in the financial sector and other sectors, gave a strong impetus to the Central Bank during the year.” the past".

According to experts  , the Iraqi government, through attempts to implement electronic payment, aims to withdraw the monetary mass in circulation in Iraq, which amounts to 84 trillion dinars.

Khalaf pointed out that “the Central Bank spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for the development of electronic payment in Iraq,” explaining that “the digital financial transformation in Iraq began when the salaries of state employees were localized and bank accounts were opened” to use electronic payment .

The Deputy Governor stated that the Ministry of Oil, gas stations, and some ministries “quickly responded to the directives of the Central Bank and the Iraqi government,” in addition to “the Passport Directorate, which required that payment be electronic, and the General Traffic Directorate.”

Ten days ago, the regional president of Visa, in Central and Eastern Europe, the Middle East and Africa, Andrew Torrey, revealed  “the company’s readiness to bring expertise, in addition to employing more Iraqis in its office in Baghdad, with the aim of reaching 500,000 acceptance points from points of sale with electronic payment.” in Iraq  link

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Tishwash:  Central Bank: Iraqi society prefers to use cash in daily transactions

3/4/2024 - Baghdad

The Central Bank of Iraq announced today, Monday, the use of the best internationally approved systems and standards in the field of electronic payment, while indicating that it spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for the development of electronic payment in Iraq.

Deputy Governor of the Central Bank, Ammar Khalaf, said in a speech at the first Iraqi Digital Economy Forum, “The digital financial transformation in Iraq began with the localization of state employee salaries and the opening of bank accounts, the primary purpose of which is to use electronic payment in daily transactions, whether inside Iraq.” Or outside it.”

Khalaf added, “Iraqi society prefers to rely on cash in daily transactions, but the government’s efforts to support digital transformation, especially in the financial sector and other sectors, gave a strong impetus to the Central Bank over the past year and it continues to encourage and activate electronic payment in Iraq by issuing many Among the laws, controls and instructions that encourage the use of electronic payment in Iraq.

He pointed out that "some ministries responded quickly to the directives of the Central Bank and the Iraqi government, especially the Ministry of Oil by making collections at gas stations and others via electronic payment, as well as the Passports Directorate, which obligated payment to be electronic, in addition to the General Traffic Directorate and other ministries." Stressing that "all this support gives a very strong and significant impetus to electronic payment."

He pointed out that "the Central Bank has been the only influential player for many years, as it has embraced the importance of digital transformation in most of its transactions, and spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for developing electronic payment in Iraq through the use of the best internationally approved systems and standards in this field." ".   LINK

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Tishwash:  Central Bank: Using the best internationally approved systems and standards in the field of electronic payment

The Central Bank of Iraq announced today, Monday, the use of the best internationally approved systems and standards in the field of electronic payment, while indicating that it spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for the development of electronic payment in Iraq.

The Deputy Governor of the Central Bank, Ammar Khalaf, said in a speech at the first Iraqi Digital Economy Forum, attended by an Earth News correspondent, that “the digital financial transformation in Iraq began with the localization of the salaries of state employees and the opening of bank accounts, the primary purpose of which was to use electronic payment in daily transactions.” Whether inside or outside Iraq.”

Khalaf added, “Iraqi society prefers to rely on cash in daily transactions, but the government’s efforts to support digital transformation, especially in the financial sector and other sectors, gave a strong impetus to the Central Bank over the past year and it continues to encourage and activate electronic payment in Iraq by issuing many Among the laws, controls and instructions that encourage the use of electronic payment in Iraq.”

He pointed out that “some ministries responded quickly to the directives of the Central Bank and the Iraqi government, especially the Ministry of Oil by making collections at gas stations and others via electronic payment, as well as the Passports Directorate, which obligated payment to be electronic, in addition to the General Traffic Directorate and other ministries.” He stressed that “all this support gives a very strong impetus to electronic payment.”

He pointed out that “the Central Bank has been the only influencer for many years, as it has embraced the importance of digital transformation in most of its transactions, and spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for developing electronic payment in Iraq through the use of the best internationally approved systems and standards in this field.”   link

Mot:  . HUH??? --- Did I Realy Read what I Just Read!!???? 

Mot: and YES!! Yet another Great ""Dieting Tip"" frum ole Mot of Course!!

"Coffee With MarkZ" Theusday Morning Chat 3-5-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Super Tuesday to everyone

Member: Still hearing good chatter from your folks Mark?

MZ: There is constant chatter. Their expectations and preparations are overwhelming. We are all just watching and waiting for the “Go” buzzer to sound. Its hard on your nerves if you ride the roller coaster.

MZ: Bond folks are still expecting to soon receive 1% of their money.

Member: Rumor is ​​IQD trading at 2.76 on Forex this morning

Member: IF Iraq is officially in the WTO and IF the IQD is beginning the forex float… things are getting exciting

Member: Dinar is supposedly visible on the FOREX on the commodity side. Trading btw $2.80-$2.90.

MZ:  Last time I checked early this morning…it was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.

Member: I would exchange at that in a heartbeat!

Member: Mark, don't we still need a gold standard and European (MICA) stablecoin and cryptocurrency legislation before any RV?

MZ: Stablecoin ect should come with the reset….We shouldn’t need the legislation before. 

MZ: “Iraq confirms it has completed the requirements to join the World Trade Organization”  They have completed the requirements which leads us to a Nader video today.

MZ: He talks about the ascension to the world trade organization  is IMMINENT!

MZ: They a good recap from MilitiaMan and somewhere around the 6 minute mark he talks about an easy way to describe the “drop the 3 zero thing” and how over the weekend the Iraqi minister is stressing that the dinar will soon be stronger than the US dollar….just like Sudani had promised.

MZ: Be sure to go watch and share their videos.

Member:  Mark, are you thinking by the Ides of March too???

Member: will the Indonesian Rupiah go at the same time as the rest?

MZ: I still expect the Rupiah to go the same time as the dinar and dong….

MZ: And here is the Russian CBDC (scary words and depending on how it is used and if its backed by anything)  But this particular CBDC that Russia has already rolled out   is partially asset backed. The roll out is going well and is working with a crypto currency ledger so they cannon create more.

MZ: “BRICS announces now blockchain based crypto payment system”  This is based on the Russian system …they are moving forward quickly and believe it will help them de-dollarize. There would be no cross border issues.

MZ: “ US targets Zimbabwe leadership in sanctions revamp”  they are only sanctioning a few of the leaders instead of the entire government. But is should result in an easing of sanctions that had been put on Zimbabwe and unfetter their economy. Should be good for us.

Member: I am sick of the US butting into the business of other countries……the world is sick of it too!

Member: After the RV goes. How long does we have to exchange?

Member: Last we heard it was 10 days to make appointments and at least 30 days to exchange.

Member: I have watched over the last last 2 years the slow change in the banks WF and citi.. The remodeling, the advisor signs, the outside machines, the recent employee changes, etc...

Member: I’ve notice banks in my area are putting up wealth management signs on their banks and we have a new Chase bank open in November 23

Member: Many reports that facebook is down today

Member:  Phil just confirmed both FB and Instagram are down

Member: Several platforms are down according to Downdetector! Looks like it may have been a cyber attack?

Member: Easter Sunday is March 31st this year….St. Germaine Trust opening then???

Member: April 8th is the SOLAR ECLIPSE!!!

Member: Whatever day the RV happens will be my families new holiday I will celebrate every year…lol….

Member: Mark, Thank you for ALL you do for us! And mods too!

Member: see you all later have a blessed day

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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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.

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

Youtube:     https://www.youtube.com/watch?v=TYATDj3OLHA

Iraqi News Highlights and Points to Ponder Tuesday AM 3-5-24

Iraqi News Highlights and Points to Ponder Tuesday AM 3-5-24

The Sudanese Advisor Details Iraq's Financial Situation And Addresses Exchange Rates

Economy News – Baghdad  Today, Tuesday, the Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, stated the real growth rate in Iraq’s non-oil gross domestic product, while referring to Iraq’s financial situation.

Saleh said, in an interview followed by “Al-Iqtisad News,” that “the basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceed 100 billion dollars, and they are the cover of the national currency, which means that there is complete coverage of the national currency issued in foreign currency, which provides "Ideal stability for the Iraqi dinar exchange rate, in addition to the fact that these foreign reserves embody Iraq's commercial efficiency, as these reserves cover more than 15 commercial months, while the global standard is only three months."

He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth." 

He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%), and it expresses the growing activities of important sectors, most notably the reconstruction, construction and housing movement, and the development of the transport and digital communications sector, and there is a continuing movement in developing the agricultural sector thanks to government support for crops." We expect Iraq’s grain production in the next few months to reach 6 million tons.”

Views 172  03/05/2024 - https://economy-news.net/content.php?id=41130

Experts: We Are Optimistic About The Country's Financial Situation

Iraq  03/05/2024   Baghdad: Huda Al-Azzawi  Specialists in financial and economic affairs expressed their optimism about the future outlook for the country’s financial situation, and while they saw that Prime Minister Muhammad Shiaa Al-Sudani’s statement regarding this aspect and the overall economic file is correct and consistent with reality, they called for the continuation of steps to leave the unilateral rentier economy to a productive economy.

Advisor to the Prime Minister for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, said in an interview with “Al-Sabah”: The basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceeded 100 billion dollars, which is the cover of the national currency, which means that there is complete coverage of cash.

The national export in foreign currency, which provides ideal stability for the exchange rate of the Iraqi dinar, in addition to the fact that these foreign reserves embody the commercial efficiency of Iraq, as these reserves cover more than 15 commercial months, while the international standard is only three months.

He added, “We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8 percent), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth.”

He pointed out that “the real growth rate in Iraq’s non-oil gross domestic product has touched (6 percent) and it reflects the growth of the activities of important sectors, most notably the reconstruction, construction and housing movement and the development of the transport and digital communications sector, and there is a continuing movement in developing the agricultural sector thanks to government support for crops.” “We expect Iraq’s grain production in the next few months to reach 6 million tons.”

He stressed, “There is a serious trend towards developing the manufacturing sector, whether on the part of the private or public sector itself, in accordance with recent encouraging ministerial decisions in the field of reducing customs tariffs and protecting the national product or in the inputs of the industry itself, especially in providing electricity or fuel for industrial purposes at competitive prices.” Supported.

Saleh stated, “Growth in real non-oil activity has become thriving after many years of failure, in addition to the boom in investments in the oil and energy sector itself, as all sectoral activities indicate that there is a high growth in the country’s economic capabilities with high flexibility and discipline in financial policy.”

In which government spending still constitutes approximately 50 percent of the gross domestic product, which means that the country’s financial strategy is the compass for moving the macroeconomic joints, and it is in a highly stable position, both in the flow of oil revenues and controlling public expenditures.”

For his part, the rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, indicated in an interview with “Al-Sabah” that “what Prime Minister Muhammad Shiaa Al-Sudani stated that the financial situation of Iraq is at its best is correct; If the political, economic and financial situation of Iraq remains as it is.”

He noted that “the financial conditions are stable according to current data, including the stability of the political situation and the possibility of Iraq exporting more than three and a half million barrels per day at a price of more than $70 per barrel, either if these indicators change, whether with regard to the political situation and a decrease in oil prices or a halt.” Export chains for Iraqi oil. Iraq has a cash reserve in the range of 115 or 120 billion dollars that can be used over a period of two years, after which it may be exposed to financial crises.”

He explained, “Despite Sudanese work to bring about some changes, the Iraqi economy is still a unilateral rentier economy that relies on oil as the main financier of the general budget, and non-oil revenues are still very low, and the main sectors of the Iraqi economy are still stalled or slow.”

He concluded by saying: “Therefore, it cannot be relied upon in the event of a decline in oil prices, the inability to export oil, changes, or great stability on the political side. Therefore, according to the current situation, what the Prime Minister stated - as I previously indicated - is correct.” “.

Edited by: Muhammad Al-Ansari    https://alsabaah.iq/92892-.html

A Parliamentarian Denies That There Are Any Amendments To The Budget Schedules For The Year 2024

Political |  03/05/2024   Mawazine News – Baghdad  The representative of the Sadiqoun parliamentary bloc, Muhammad Al-Baldawi, confirmed today, Tuesday, that there are no amendments to the federal budget for the year 2024.

Al-Baldawi said, in an interview followed by Mawazine News, that “the government will work to develop schedules for expenditures and revenues and submit them to the Council.” Representatives to approve it.

He added, "Work will continue to implement the judicial provisions and decisions related to the region's employees, and the localization of their salaries."

He pointed out that "there is a movement to resolve controversial issues related to financial issues between Baghdad and Erbil."   https://www.mawazin.net/Details.aspx?jimare=243260

Through The Dollar Bill.. Washington Continues To Tighten The Noose On The Sudanese Government

Political |  04/03/2024   Mawazine News - Baghdad  The political and security analyst, Muhammad Al-Yasiri, today, Monday, accused the American administration of continuing its hostile policy towards Iraq.

Al-Yasiri said in an interview with Mawazine News, “The American policy of hostility against Iraq depends on two things. The first is tightening the stranglehold on the flow of dollars to the Central Bank of Iraq and reducing cash liquidity, as well as the terrorist ISIS card.”

He pointed out that "the American administration is working hard to restrict the Iraqi government and discourage it from demanding the removal of its occupying forces from the country," adding, "Whoever says that America is a friend of the Iraqi people is subject to the policy of collusion and treason."

Al-Yasiri continued, "The American restrictions on Iraq regarding the dollar clearly confirm the lie of the so-called friendship of the United States of America with Iraq."

He pointed out that "the American administration always resorts to punishing Iraq by establishing solid institutions under the control of the Iraqi state."

The US Treasury Department recently imposed economic sanctions on eight Iraqi banks, preceded by sanctions on fourteen others, and prevented them from dealing in the dollar currency, as the reasons behind imposing such sanctions were not explained.

https://www.mawazin.net/Details.aspx?jimare=243237

Provoking Points to Ponder on Decisions 

 Authority without wisdom is like a heavy axe without an edge, fitter to bruise than to polish. - Anne Bradstreet

One faces the future with one's past.  - Pearl S. Buck

Our deeds still travel with us from afar, and what we have been makes us what we are.  - George Eliot

You must not change one thing, one pebble, one grain of sand, until you know what good and evil will follow on that act.  - Ursula K. LeGuin

The beginning of compunction is the beginning of a new life.  - George Eliot

The Pilgrims didn't have any experience when they landed here. Hell, if experience was that important, we'd never have anybody walking on the moon.  - Doug Rader

Each person has a literature inside them. But when people lose language, when they have to experiment with putting their thoughts together on the spot-that's what I love most. That's where character lives. - Anna Deavere Smith

There is no data on the future.  - Laurel Cutler

http://famousquotesandauthors.com/quotes_by_topic.html 

http://famousquotesandauthors.com/topics/decisions_quotes.html

News, Rumors and Opinions Tuesday AM 3-5-2024

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.

Restored Republic via a GCR: Update as of Tues. 5 March 2024

Compiled Tues. 5 March 2024 12:01 am EST by Judy Byington

Judy Note:

Banking Collapse Imminent. Banks cannot sustain Bank Runs. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act allows the banks to confiscate assets, so they are. At Risk: 401Ks (currently there are $27T in retirement accounts) and people with cash positions in banks will have their money taken. The banks have already started this by limiting how much money you can take out, transfer on Zelle, or move in general. Effective March 11, 2024 there will be no more money to loan out.

Global Currency Reset:

Mon. 4 March MarkZ: “I have a lot of sources expecting it to break loose in the next two days. I would not be surprised to see it before we reach the weekend as of right now. …Anne Vandersteele said that the banking collapse was imminent – the reset has begun and effective March 26, 2020 the Federal Reserve board reduced requirement ratios on all net transaction accounts to zero percent eliminating reserve requirements for all depository institutions. The term ‘bank financing’ disappears in seven days on March 11th, or midnight on the 10th is when those things cease to exist. On March 11th there will be no more money to loan out and the Fed gets to pick and choose who gets to loan out money and who will collapse.”

Sat. 2 March Frank26: “To be clear, yes, the IQD is trading on the private side of Forex, the institutional side, trading in futures. The trading chart has been climbing steadily and closed yesterday at $2.70.This may or may not be a precursor to what we see on the PUBLIC side. We could see more, we could see less. We don’t know, but the point is…before we can go to the bank as investors, the IQD must be trading on the public side of Forex. That’s the number the CBI will post on their website when the IQD becomes tradable. Everywhere. The time for that to happen is now upon us, but they have to show it. By all indications, they’re about to!”

Sat. 2 March Wolverine: “Coming on Monday, Tuesday and Wednesday 4, 5, 6 March we will be having an awesome week. This is no rumor. The Dinar is in the Forex and soon to be tradable. When it does, we will get our Green Light!”

25 Countries on Wait List to join BRICS: https://watcher.guru/news/25-countries-on-the-waitlist-to-join-brics

Global Financial Crisis:

Effective March 26, 2020, the Federal Reserve Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions

In the Spring of 2023 the Banking Collapse started with smaller regional banks.

In the Spring of 2024 the next wave of Banking Collapse will continue.

In Nov 2023 the CEOs of Bank of America, Wells Fargo and JP Morgan told Congress they could not go from 0% reserves to be held to a 3% reserve balance. The current Deposit to Loan Ratios means the banks cannot sustain any type of run on the banks. When the people realize what is happening there will be a run on the banks.

Effective March 11, 2024 there will be no more money to loan out and the Fed will pick and choose who gets to loan out money

Congress passed the bail in provision with 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act which allows the banks to confiscate assets.  The bail-in relief was legalized in the U.S. following the 2007–2008 financial crisis in which banks deemed “too big to fail” were bailed out by the U.S. government. The specific section of Dodd-Frank that deals with bail-ins is Title II: Orderly Liquidation Authority (OLA).

At Risk: 401Ks (currently there are  $27T in retirement accounts) and people with cash positions in banks will have their money taken. The banks have already started this by limiting how much money you can take out, transfer on Zelle or move in general.

This will be the demise of the middle class leading to a recession and then depression. People will be left with nothing if they do not diversify their cash into paying off loans, buying gold, silver, crypto or other hard assets.

As BRICS comes more online, you are going to see the transfer to asset backed transactions.

Read full post here:  https://dinarchronicles.com/2024/03/05/restored-republic-via-a-gcr-update-as-of-march-5-2024/

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

Jeff  Iraq has already revealed to you they'll be revaluing their currency specifically within the month of March.  It's not even a secret.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Parliament Finance is calling in the CBI to open bank branches outside of Iraq. FRANK:  Too late,  That's been going on a while!  All last year we already told about the private banks of the CBI - They're going to retrieve the 3-zeros outside of Iraq because 97% or more is already been retrieved inside...The satellite banks are all over the world right now are ready to collect the 3-zero notes...All of these actions are to introduce the new exchange rate and the new national sovereignty to you, Iraqi citizens.  

US SENATOR EXPOSES Government: US Is DEAD BROKE & Govt Spending Is a SCAM, Says Sen. T. Tuberville

Lena Petrova:  3-5-2024

https://www.youtube.com/watch?v=f6Z5pzv4Mq8

It’s Happening: Wells Fargo, Bank Of America and More Announce New Banks CLOSING!

Atlantis Report:  3-4-2024

The American banking landscape is undergoing a significant transformation, with a clear trend towards fewer physical branches and a greater emphasis on digital banking options.

This trend is reflected in the recent announcements by major banks like Wells Fargo, Bank of America, and Citibank, who have all confirmed plans to close additional branches across the country.

 Today, we will examine the reasons behind these closures, their potential impact on consumers, and the evolving future of banking in the United States.

https://www.youtube.com/watch?v=H-YRs8eKaNA

MilitiaMan: Iraqi Dinar & Dollar - IQD Dinar Update - Return to Value - Digital Transformation a Reality - Power

Iraqi Dinar & Dollar - IQD Dinar Update - Return to Value - Digital Transformation a Reality - Power

MilitiaMan and Crew:  3-4-2024

The Crew:  Samson, PompeyPeter, Petra, Angel1,  Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=9qu9cFiJ5-A

Iraqi Dinar Video Updates Late Monday Evening 3-4-24

Iraqi Dinar Video Updates Late Monday Evening 3-4-24

Chase Bank Take Action For IQD RV – 3:18

Reside Iraqi Dinar Trading International Exchange Rate – 3:20

Chase Bank Big Announced About IQD Today 2024 – 2:22

This is Good News Coming Out From Iraq  - 2:53

 Chase Bank Take Action For IQD RV – 3:18

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

Reside Iraqi Dinar Trading International Exchange Rate – 3:20

https://www.youtube.com/watch?v=k1LOAitI0k0

Chase Bank Big Announced About IQD Today 2024 – 2:22

https://www.youtube.com/watch?v=5ZL3TnMaP3o

This is Good News Coming Out From Iraq – 2:53

https://www.youtube.com/watch?v=50cqXGi6Eus

Goldilocks' Comments and Global Economic News Late Monday 3-4-24

Goldilocks' Comments and Global Economic News Late Monday 3-4-24

Good Evening Dinar Recaps,

I am aware that we have a back screen rate people have been sharing on the dinar indicating movement in the IQD. It is good to know that there is one.

Now, you can stop doubting that this is real.

Keep your eyes on gold, silver, and oil to solar sections of the Debt Clock. These numbers will be the foundation assets to the new economy, and they are numbers we need to see in order to formulate real values across all market sectors.

All roads lead to gold, and gold will set us free.

© Goldilocks

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U.S. National Debt Clock : Real Time | US Debt Clock

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Monday Night Team call with
Texas Snake and Bob Lock: Focus on Planning

Time:  9 pm ET, 8 pm CT, 6pm PT   Team Call Live Link

The calls are recorded and in the Archive room Link 

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KTFA Monday Night CC: "FRANK26….3-4-24…….FOREXLIVE.COM"

KTFA

Monday Night Conference Call

FRANK26….3-4-24…….FOREXLIVE.COM

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION

https://www.youtube.com/watch?v=L69tLJTL0ZU

Staff Concluding Statement of the 2024 IMF Article IV Mission

KTFA:

Clare: Staff Concluding Statement of the 2024 IMF Article IV Mission

March 3, 2024

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

March 3, 2024: An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman during February 20–29 to conduct the 2024 Article IV consultation. The following statement was issued at the end of the mission:

Economic growth is projected to continue amid fiscal expansion. Meanwhile, medium-term vulnerabilities to oil price volatility have increased significantly. Reducing oil dependence and ensuring fiscal sustainability while protecting critical social and investment spending will require a significant fiscal adjustment, focused on controlling the public wage bill and increasing non-oil tax revenues. In parallel, higher economic growth will be needed to absorb the rapidly expanding labor force, boost non-oil exports and broaden the tax base.

The authorities should therefore seek to enable private sector development, including through labor market reforms, modernization of the financial sector and restructuring of state-owned banks, pension and electricity sector reforms, and continued efforts to improve governance and reduce corruption.     

Economic Outlook and Risks

Growth in the non-oil sector has rebounded strongly in 2023 while inflation receded. Supported by increases in public expenditure and solid agricultural output, real non-oil GDP is estimated to have grown by 6 percent in 2023 after stalling in 2022. Headline inflation declined from a high of 7.5 percent in January 2023 to 4 percent by year-end, reflecting lower international food and energy prices, and the impact of the February 2023 currency revaluation. The current account is expected to have recorded a surplus of 2.6 percent of GDP and international reserves increased to US$ 112 billion.

These positive developments were supported by the normalization of trade finance and the stabilization of FX market. After some initial disruptions following the introduction of new anti-money laundering and combating financing of terrorism (AML/CFT) controls on cross-border payments in November 2022, the improved compliance with the new system and the Central Bank of Iraq (CBI)’s initiatives to cut processing time led to a recovery in trade finance in the second half of 2023. This ensured private sector access to foreign exchange at the official rate for imports and travel purposes.

In the meantime, the fiscal position worsened. Although the expansionary budget was under-executed due to delayed Parliamentary approval, the fiscal balance still declined from a surplus of 10.8 percent of GDP in 2022 to a deficit of 1.3 percent in 2023, due to lower oil revenues and an increase in expenditures by 8 percentage points of GDP, of which salaries and pensions contributed 5 percentage points as the authorities started hiring in line with the budget law.

Overall growth is projected to rebound in 2024 and risks are tilted downwards amid heightened uncertainty. Non-oil growth momentum will continue in 2024. Larger declines in oil prices or extended OPEC+ cuts could weigh on fiscal and external accounts. If regional tensions escalate, a disruption of shipping routes or damage to the oil infrastructure could result in oil production losses that could outweigh the potential positive impact of higher oil prices.

 In case of a deterioration in domestic security conditions, this could lead to a decline in business sentiment and suspension of investment projects. Over the medium term, non-oil growth is projected to stabilize around 2.5 percent given existing hurdles to private sector development. Furthermore, vulnerability to oil price declines has increased as higher expenditures are projected to push the fiscal break-even oil price above $90 in 2024. Absent new policy measures, the fiscal deficit is expected to reach 7.6 percent in 2024 and widen further thereafter as oil prices are projected to gradually decline over the medium term. As a consequence, public debt would almost double from 44 percent in 2023 to 86 percent by 2029.

Policy Priorities

An ambitious fiscal adjustment would be required to help stabilize debt in the medium term and rebuild fiscal buffers, while protecting critical capital spending. Most of the fiscal adjustment would have to come from reducing current expenditure, especially controlling the wage bill by limiting mandatory hiring and gradually introducing an attrition rule. The authorities should also seek to increase non-oil revenues by broadening the personal income tax base and making it more progressive, reviewing the customs tariff structure, and considering new taxes on luxury items.

In parallel, efforts to make revenue and customs administration more efficient should continue. Further savings could be obtained through better targeting social support and increasing cost recovery within the electricity sector. These adjustment measures should provide room for the expansion of the targeted social safety net.

The authorities should also strengthen public financial management and limit fiscal risks. The mission welcomes initial steps towards the establishment of a Treasury Single Account (TSA), which is crucial to improve cash management. Further progress is needed and close cooperation between the CBI and Ministry of Finance will be essential. The next steps are to define TSA design options and complete the bank account census. In future years, overall ceilings on the issuance of guarantees should be specified in the budget law and be enforced. The mission advise against the use of extrabudgetary funds and highlights potential fiscal risks associated with their use. As a second best, it would be important to ensure the Iraq Fund for Development has appropriate governance arrangements, including governing board independence while ensuring transparency of the Fund’s activities including by publishing its investment plans in the annual budget documentation and restricting its ability to borrow. 

The mission encourages the authorities to build on the CBI welcomed efforts to reduce excess liquidity. The CBI appropriately raised the policy interest rate and reserve requirements, introduced a 14-day CBI bill facility last summer, and scaled back its subsidized lending to the real estate sector. However, monetary policy pass-through has been muted, hampered by large excess liquidity and lack of market incentives in financial intermediaries, especially at state-owned banks. The CBI’s ongoing efforts should be supported by consolidating idle government deposits in a TSA, refraining from procyclical fiscal policy, reducing the reliance on monetary finance, and improving public debt management. In parallel, efforts to develop an interbank market with the help of IMF technical assistance should continue. The mission also welcomes the authorities’ steps to speed up the digitalization of the economy, reduce the reliance on cash and enhance financial inclusion.

Wide-ranging structural reforms are needed to foster private sector development and economic diversification. Iraq needs higher and more sustainable non-oil growth to absorb the rapidly growing labor force, increase non-oil exports and government revenue, and reduce the economy’s vulnerability to oil price shocks. Key reform priorities include:

• Adopting a comprehensive employment strategy aimed at phasing-out mandatory hiring in the public sector, leveling the playing field between public and private jobs, addressing mismatches between educational curricula and the skills needed in the private sector, and strengthening labor market institutions. The strategy should also aim at reducing informality and addressing legal, social, and cultural impediments to women’s participation in the workforce.

• Accelerating financial sector reform to improve access to credit. The authorities are committed to modernizing the banking sector and supporting banks’ ability to secure correspondent banking relationships and have taken steps towards consolidation of small private banks. Efforts to restructure the two largest state-owned banks should intensify, including by expediting certification of past financial statements and implementation of core banking systems, and enhancing corporate governance in line with best practices.

• Implementing a comprehensive pension reform. This is urgently needed to reduce the overall projected fiscal costs of the public pension scheme, better align the benefits and rules across the public and private schemes, ensure adequacy of pensions and intergenerational equity, and increase the ratio of workers participating in the private pension scheme.

• Combating corruption and improving governance, particularly by strengthening the institutional and legal frameworks needed to ensure the independence of the Integrity Commission and the Board of Supreme Audit, enhancing the publication of assets and conflicts of interests declarations for top level officials, and adopting an updated anticorruption strategy. Further, public procurement and business regulations should also be enhanced. The authorities should also continue to strengthen the AML/CFT framework and its effectiveness, including in the banking sector, guided by the priority actions identified in the MENAFATF Mutual Evaluation that will be concluded in May 2024.

• Removing other hurdles to private sector development by reforming the electricity sector to improve efficiency, cost recovery, and reliable access; simplifying procedures for business registration; and upgrading critical infrastructure.

The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for constructive and productive discussions during this mission.

IMF Communications Department
https://www.imf.org/en/News/Ar.....iv-mission

Monday Evening News with MarkZ 3-4-2024

Monday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Evening to all…..What’s happening Mark?

MZ: I am still getting amazing chatter from groups…Things are very positive…...But, stay calm this week- it’s going to be a roller coaster. .

Member: Mark I was wondering where do the funds/money come from for the RV?

MZ: We have discussed this many Fridays with Mr.C. we will put it on the list to cover this Friday again. You are not the only person who has recently asked this question.

Member: Frank has on a gold shirt and is giving forex information. He’s very excited. Allegedly the dinar is being traded on the private side of forex? Rates closing around 2.80?

MZ: We are seeing rates bounce all over the place based on the trading screens…the only way you will see those is if you know somebody who is a licensed, accredited forex trader.

Member: From TNT: Tonight through Thursday is a new RV window …private banking forex is now frozen with too many hedge funds buying.

MZ: Yes…..I have heard forex is frozen to hedge fund buyers right now…from some traders.

Member: A friend was at a local ATM today and  there was a message on the screen saying she could only withdraw .$150 …she did and it gave her all $5 bills.  

MZ: They are certainly limiting cash right now….trying to keep as much in the banks as they can.

Member: I just saw a JP Morgan commercial talking about the Wealth Management Section of their bank.Member: 

MZ: They really have been talking about this a lot

MZ: A good video from Nader this afternoon talking about changing the rate of the dinar and reducing the value of the US dollar. Be sure to go watch and support him. They are openly talking about the exchange rate.

Member: I really hope the RV happens before Ramadan on March 10th for a whole month.

Member: Iraq government is working during Ramadan, they are cutting the work day by 1 hour

MZ: History would tell you there would be no problem with them going during Ramadan.  If they had a choice-would they not go then-yes….just like we prefer not to work on Christmas day.

Member: I wonder will new sanctions slapped on Zimbabwe by the US today affect bearer bonds?

Member:  Mark, a couple of weeks ago you mentioned that if there was an NDA and it was very consequential and substantial that you would go silent for the duration of it. Is this still the plan?

MZ: My banking contacts are not convinced there will be an NDA?//unless you have Humanitarian projects or Zim….mixed messages from banks about this. But, if there is a substantial NDA that I need to adhere to…YES…..I would disappear for the length of the NDA. You guys will know the length because you all will get the same NDA.

Member: Will CMKX be under an NDA ?

MZ: I hear we will not have an NDA for CMKX.  

Member: Mark do you think they will RV in March.

MZ: I think so….I would not be surprised to see it before we reach the weekend as of right now.

Member: Thanks Mark and Mods….everyone have a nice evening.

“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.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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

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!

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

Goldilocks' Comments and Global Economic News Monday Evening 3-4-24

Goldilocks' Comments and Global Economic News Monday Evening 3-4-24

Good Evening Dinar Recaps,

"Glassnode on Wednesday reported that major US OTC platforms have run out of bitcoins, with only 40 coins remaining. This development shows an imminent supply shortage which directly signals the potential for a big price pump shortly."

Yes, Bitcoin is 15 years old and running out of supply. There are only 40 bitcoins left as of 3 days ago. At this point, the demand for Bitcoins are outpacing their supply.

When demand outpaces supply, the corresponding response for an asset is to rise in its value.

Historically, Bitcoin tends to lead the rally for all the crypto space. An upward movement is expected going forward inside our new digital economy.

A bull run in the crypto space will encourage digital adoption as this new asset class begins to form new price pressures going forward.

Remember, everything is being tokenized including Forex. Remember....   Coin Market Cap

© Goldilocks

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"Bitwise anticipates a surge in institutional investment into Bitcoin ETFs in the coming months as major financial institutions, known as “wirehouses,” start offering Bitcoin ETF trades to their clients."

A wirehouse is a full-service broker-dealer of any size. Although many broker-dealers are "independent" firms involved in broker-dealer services, others are subsidiaries of commercial banks, investment banks, or investment companies. They sell Securities such as spot Bitcoin ETFs for their clients leveling the playing field between the retail Market and Institutional Financing.

For this reason, the competition for gold through digital assets can now be obtained through anyone desiring to become a part of the new Financial System through these new additions to their portfolios.

This is expected to create a gold rush into the next economy for well over a decade. We are simply beginning a process of transformation that will change values in every sector of our Global markets going forward.   Crypto News   CoinTelegraph

© Goldilocks

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"Russia is testing digital asset payment technology as groundwork for a potential BRICS digital currency.

The move aims to reduce global dependency on the US Dollar, aligning  with BRICS’ de-dollarization efforts.

Digital currency trials are starting with China and Eurasian Economic Union countries, under Russia’s initiative."

Russia is making a move inside the new digital economy. They are testing their new payment system with digital assets formulating a pre BRICS currency launch.

Vladimir Putin is the current chairman for the BRICS Nations. One of the qualifications in belonging to the BRICS Nations is that countries have to back their economy by gold or other commodities. These new global economic initiatives are what is leading the drive towards a Global Currency Reset.

A new trading currency with a backing by gold for the BRICS Nations is rapidly becoming more than just a simple threat to the current Global Monetary System.

Russia is currently taking practical steps in lowering their dependence on the US dollar in trade among nations. And, these changes are affecting the current ratings of their currency. Enough so, that the FATF is currently re-rating their currency.

When a countries' currency is re-rated, it means they are currently in process of a revaluation inside their new currency values and mechanisms for the dissemination of these new values in trade. Yes, new exchange rates.

"The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. It sets international standards that aim to prevent these illegal activities and the harm they cause to society."

Look for the FATF to get more involved in the BRICS Nations as they set forth new trading mechanisms designed to enhance their group's local currency values through their new digital asset-based trading system.

This is a move from a pegged currency with the dollar to a free floating exchange rate determined by the markets. Gold adds value to currencies that have been devalued over the years and equalizes the playing field for each country involving themselves inside free-floating mechanisms.

Watch the water.

© Goldilocks
CryptoPolitan
FATF

Investopedia
Regulation Asia
Times of India

FATF Recommendations

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What is The Dodd Frank Act? | YouTube

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Dodd-Frank Act Update:

The National Institute of Standards and Technology released a revised version of its Cybersecurity Framework guidance detailing steps organizations can take to reduce cybersecurity risks, placing a greater priority on the role of corporate governance and supply chains in protecting sensitive data.
Dodd Frank Update

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China and Russia have almost completely abandoned the US dollar in bilateral trade as the push to de-dollarize intensifies | Business Insider

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The U.S. national debt is rising by $1 trillion about every 100 days | CNBC

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ZTX Ushers in Digital Real Estate Era | InvestorsObserver
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Ripple offers a fast, and cost-effective cross-border payment solution for banks and financial institutions globally. Ripple’s platform, Ripple Net, facilitates instant and transparent transactions, positioning itself as a more efficient alternative to traditional financial services.

Ripple is a blockchain-based digital payment network working to facilitate the transfer of value between different fiat currencies for its customers. XRP is the native cryptocurrency of Ripple.
CrowdWisdom

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Great Reset Watch: EU Parliament Approves 'Digital Identity Wallet' | Breitbart

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Tether’s USDT stablecoin hits historic $100B market cap | CoinTelegraph

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