Goldilocks' Comments and Global Economic News Wednesday Evening 3-20-24
Goldilocks' Comments and Global Economic News Wednesday Evening 3-20-24
Good evening Dinar Recaps,
Gold has been climbing since the beginning of this year despite the dollar being propped up through higher interest rates.
Bitcoin began its climb last year decoupling itself from the dollar, and now, we are witnessing gold begin to do the same.
The BRICS Nations have been quietly adding to a list of Nations joining their alliance. One of the things that is required of joining is a willingness to back their currencies by gold.
And for some time, we have read where Russia and China are in support of a new payment system inside a new digital economy for trade payments.
As you can see, the dollar is headed into a strong headwind. Many whales have been preparing for this shift in our economy and moving their money from stocks, and into, digital gold.
Goldilocks' Comments and Global Economic News Wednesday Evening 3-20-24
Good evening Dinar Recaps,
Gold has been climbing since the beginning of this year despite the dollar being propped up through higher interest rates.
Bitcoin began its climb last year decoupling itself from the dollar, and now, we are witnessing gold begin to do the same.
The BRICS Nations have been quietly adding to a list of Nations joining their alliance. One of the things that is required of joining is a willingness to back their currencies by gold.
And for some time, we have read where Russia and China are in support of a new payment system inside a new digital economy for trade payments.
As you can see, the dollar is headed into a strong headwind. Many whales have been preparing for this shift in our economy and moving their money from stocks, and into, digital gold.
As the Global Bond markets are digitized this year, there's a strong expectation for the bond markets to really flourish until the year 2030.
Most of a bond's return over time comes from its yield. And falling yields are expected in the latter half of 2024. It will boost bond prices.
Bond yields stimulate a nation's stock market. In turn, this increases the demand for a country's currency. From a Global perspective, this will give strength to many of the new local currencies that are beginning to come back onto the market after using the dollar for some time.
Tokenized assets incorporate gold or some other commodity along with a digitized asset. These three drivers of the new economy when coupled with underlying assets to support each other become an unstoppable force of growth going forward. Times of India
© Goldilocks
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We are moving into an open banking system. This means that new innovations will surface in the years ahead that will provide us with new opportunities for growth.
Because a country comes up with a single innovative digital banking protocol this year, doesn't mean that another country cannot come up with a better one the following year to replace it.
We are entering into the "Age of Creativity." Creativity can know more than the mind can ever understand. It takes us into realms of consciousness whereby we are lead by the very wisdom that has created us.
Stellar (XLM) is taking the lead on new innovations that will begin the process of taking us into the new digital economy. Ripple (XRP) is coming up with their own Ledger System that will compete. Who is next?
Herein lies the beauty of what we are witnessing currently being developed. As new innovations come out into the market to enhance the well-being of our Creator's people, freedom will be the motivator for the new digital economy over and beyond controlling the masses. Those who forget this will more than likely get left behind.
© Goldilocks
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SILVER SUPPLY & DEMAND | Silver Institute
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GLOBAL SILVER DEMAND FORECASTED TO RISE TO 1.2 BILLION OUNCES IN 2024 | Silver Institute
👆 Globally, we just simply aren't keeping up with demand.
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Gold is beginning to decouple from the dollar.
© Goldilocks
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DF has supported more than 160 projects with $15 million to date
'Soroban,' the smart contracts platform on Stellar, marks the network's biggest upgrade in its 10-year history
Already a world leader in crypto payments, Stellar now supports decentralized finance (DeFi) and applications (dapps)
The Stellar Development Foundation is deploying a $100M Soroban adoption fund PR Newswire
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This Time It’s Gold, Not Bitcoin, That Will Diverge | InvestorPlace
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The Effect of a Stock Market Collapse on Silver & Gold | Gold Silver
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Soaring Gold Prices And Decoupling With US Dollar – Analysis – Eurasia Review
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Acting Comptroller of the Currency Hints About Possible Operational Resilience Regulations | Troutman Pepper - JDSupra
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"As security risks grow more complex, government agencies are emphasizing new regulations to help lay out what businesses need to do to protect their IT infrastructure while also establishing IT security standards. Things like the California Consumer Privacy Act (CCPA) or the General Data Protection Regulation (GDPR) have already had a tremendous impact on the urgency around prioritizing security infrastructure." | CIO
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Banks are in limbo without a crucial lifeline. Here’s where cracks may appear next | CNBC
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In a recent interview, Standard Chartered’s SC Ventures head Alex Manson told Ledger Insights that the company’s structure allows its subsidiaries to be disruptive. It intentionally separates incubated startups from business lines motivated to protect their profit centers. Today one of SC Ventures’ subsidiaries, Zodia Markets, launched a stablecoin solution targeting corporate cross-border payments. | Ledger Insights
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Ripple Ledger Announcement:
Thrilling information from RippleX! They have officially declared the integration of the BRLA Token, a stablecoin tied to the Brazilian Serious (BRL), on the XRP Ledger. This development marks a substantial phase forward for the XRP Ledger ecosystem, furnishing a new layer of steadiness and effectiveness for the two cross-border and domestic transactions.
Ripple Commemorates Start of Brazilian True Stablecoin on XRP Ledger | Ailtra
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Consumer Sentiment Slips, Housing Construction Material Costs Rise, Mortgage Rates Edge Lower | Costar
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Washington, DC
What to expect from the Fed meeting | CNN
The Federal Reserve is expected to hold interest rates steady for the fifth time at the conclusion of its two-day policy meeting on Wednesday. It will also reiterate that officials want to see more data before lowering borrowing costs or possibly keeping them elevated for even longer. Officials will also release a fresh set of economic projections, which will give Wall Street some clues on the timing and pace of rate cuts this year.
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BlackRock Announcement:
BlackRock, the world’s largest asset manager, has filed a United States Securities and Exchange Commission Form D for the BlackRock USD Institutional Digital Liquidity Fund. This marks the launch of BlackRock’s first tokenized asset fund. | Coin Telegraph
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Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin as part of research into potential new investments.
The Government Pension Investment Fund of Japan is looking for information about assets such as bitcoin and how these might be incorporated into the portfolio of pension funds.
GPIF’s statement comes days after bitcoin hit an all-time high and after the world’s largest cryptocurrency has rallied more than 130% over the last year. CNBC
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‘A landmark moment’: scientists use AI to design antibodies from scratch | Nature
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The risk of the US Dollar falling after the FOMC meeting is quite low – Commerzbank | FX Street
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e-HKD, tokenised deposits and stablecoins adoption may empower Hong Kong’s future economic development | Markets Insider
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Watch Live
Federal Reserve (@federalreserve) on X
WATCH LIVE TODAY: Press conference with #FOMC Chair Powell at 2:30 p.m. ET
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* Fed rates remain the same, but the FED does expect to make three rate cuts this year. | Wolf Street
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Thank you Dinar Recaps
Bruce’s Big Call Dinar Intel Tuesday Night 3-19-24
Bruce’s Big Call Dinar Intel Tuesday Night 3-19-24
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody to the big call tonight. It's Tuesday, March 19TH and you're listening to the Big Call – appreciate everybody tuned in wherever you’re located all over the globe - We appreciate our SAT team getting the call out to man, let's say Tuesday night a week ago we were at 17.2 million listeners. So we hope we're at that level or higher tonight. And, well, we're excited to be here. let's do this - let's pray the call in.
Well, it's time to talk about Intel. – It’s time to talk about where we are - We're in a really good place. I've got a few things to cover. Let's cover this first, when we talked about getting the exchange complete – the zim, other currencies if you have them completed.
You'll have access - this is new information, you'll have access to 1% of your total that you can move from your quantum account to your Wells Fargo primary account, let's say - 1% of the total for the first 12 to 15 days. After 12 - 15 days, you'll be able to get access to all of it.
Bruce’s Big Call Dinar Intel Tuesday Night 3-19-24
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody to the big call tonight. It's Tuesday, March 19TH and you're listening to the Big Call – appreciate everybody tuned in wherever you’re located all over the globe - We appreciate our SAT team getting the call out to man, let's say Tuesday night a week ago we were at 17.2 million listeners. So we hope we're at that level or higher tonight. And, well, we're excited to be here. let's do this - let's pray the call in.
Well, it's time to talk about Intel. – It’s time to talk about where we are - We're in a really good place. I've got a few things to cover. Let's cover this first, when we talked about getting the exchange complete – the zim, other currencies if you have them completed.
You'll have access - this is new information, you'll have access to 1% of your total that you can move from your quantum account to your Wells Fargo primary account, let's say - 1% of the total for the first 12 to 15 days. After 12 - 15 days, you'll be able to get access to all of it.
I'm not gonna sit here - zim is still a bunch of money - even if you only have a few notes - 1% is like extra money, even if you only have a few notes. So that's new.
Now let's go to bondholders - bond holders can get access to 1% of their funds also, but that has to last for 90 days - after ninety days, I say the 91st day bondholders get access to all of it. So you guys understand the distinction I am making here.
Zim holders - currency holders. Generally speaking, if you only have currency and no zim, you're fine. You're not going to be restricted by this. But if you're a Zim holder, you get access to 1% So the first 12 to 15 days. Let's go two weeks. After that, you get access to the remaining 99 percent of your exchange or your redemption of zim .
Okay, let's get that out of the way.
The other thing is, as of 9am, this morning, Tuesday morning, all of our 23 countries are going up in value. All of their currencies are going up in value. All of them made it known that their currency - be like this is true with the Iraqi dinar – and all other 22 countries that are going up in value plus the dinar – they made that available made it known internationally.
So the people out there there are into currency to the current speed on the various countries all of them as of nine am this morning. Their rates were made known internationally.
Now today the rates were on the screens and trading upward. They were blinking and trading about every seven or nine minutes - you got a new rate but it is blinking -
Then right after business hours in the banks closed today, screens went dark - We believe they're going to come up with all new rates tomorrow.
Okay. Now here's the timing mechanism of where we are now. Bondholders in tier three are some of them been notified already - but not all – and we believe they will be notified Further and start exchanges we believe - I mean have access to their funds, most likely Thursday.
Now we in teir four B - the Internet Group is the largest group by far - are supposed to be notified depending on the timezone - this is where it gets a little tricky, either around 12:30 Maybe central tomorrow or 1:30 pm Eastern tomorrow - Our notifications are supposed to come out - Let's call it after lunch tomorrow - early afternoon we’re supposed to get notified. Then we set our appointments and as we get to Charlie Wards Thursday, exchange on Thursday.
So notifications tomorrow afternoon. Eastern time let's call it 1:30 - 2 o'clock and it may be in the same time in every time so you guys you know I've had that theory. They bought that theory they agree that's what it's going to be so whatever it is, Let's call it after lunch whenever it comes out - We set our appointments and then we exchange starting on Thursday. That says as it is right now.
Okay, lets hope nothing changes, and that's exactly what happens.
Now here's an interesting thing that we received from one of our sources about the r&r, the restitution and I call it reclamation allowance. They've actually got another name for it. But I'm going with r&r The new name is still got the R so we're taking on r&r The r&r should occur either - this is what we've been told - Either tomorrow, which is Wednesday, or Thursday – Now my theory is it will be Thursday because of the two days tomorrow or Thursday……..
First of all, if we're going in setting appointments and exchanging our currencies thursday, what would happen if that people that are not in the currencies, especially 62 and older, they're on Social Security are going to get their r&r lump sum deposit -- one lump sum deposit - if you're 60 and older, and if you're on Social Security, you get it in your bank account where you normally receive your social.
You get it direct deposited as a lump sum into that account. So we can be looking for that tomorrow or Thursday. If you're older and you're on social 62 and older. It'll be a lump sum, it'll be a pretty big chunk of money.
That's gonna blow people away. Plus, let's say you're not in the currency and all of a sudden you've got 10s of millions of dollars or more in your Social Security account. – it was unannounced – you had no clue about this - But you get this in your account. You go oh my gosh, what is this. Wow. Okay, and then peep so that sort of cover if you will, for everybody getting money. And if you're younger than 62 - It's tiered downward to where the youngest people would get it over three years, the middle tier of age gets it over two years
And then the older people that are - say, I don't know where the breakdown is guys. I'm gonna say 50 to 61 – maybe the uppermost tier to get to over 1 year to get paid this money out from their restitution reclamation. They get that paid out over one year's time. The middle tier might be over two years and the youngest tier three years .
And this is with agreement, a signed agreement that you would keep your job or if you don't have a job – get a job - and this would continue to pay out over that period of time.
Now, let's talk about the increase in Social Security that I do not believe is happening this month. For any of us - I don't see that increase happening -, but it does happen – let’s say it's in April. It's going to take Social Security people in the 4400 $4,900 month range - somewhere in that range - a 4400 to $4900 a month. That's a nice livable wage for social security
If you're in middle America, obviously if you're in New York, or LA it's not as big a deal, but it is in the heartland of America –
So I'm trying to think if there's anything else that matters to us right now. that's important for us to set the exchange up under your master trust.
If you don't, they would like to have a trust in 10 days or less. That up it's for your own asset protection Need to get that going
I would say --- obviously the bankers have trust capabilities at Wells Fargo. and that's certainly an option unless you already have an attorney specializing in asset protection And creating that for you. So be aware of that.
Otherwise it looks like we’re going to get a shotgun start on bondholders and us - we should be getting notified tomorrow. We should be exchanging on Thursday, you know, right on through the end of the month, Thursday, Friday, Saturday, all the way through Sunday everything.
So that's what I wanted to say that a few guys and that's really, really where I am on this. And I believe its good news -, the R & R is good , and the idea of maybe getting notified tomorrow then going from there is really very, very good - So lets see how this thing comes together for us. Let's see how it manifests, and we look forward to getting this started this week. Let's just pray the call out.
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24 REPLAY LINK Intel Begins 1:11:11
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24 REPLAY LINK Intel Begins 1:18:08
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24 REPLAY LINK Intel Begins 1:01:30
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24 REPLAY LINK Intel Begins 57:00
Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Thursday Night 2-29-24 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Tuesday Night 2-27-24 REPLAY LINK Intel Begins 1:21:31
Bruce’s Big Call Dinar Intel Thursday Night 2-22-24 REPLAY LINK Intel Begins 1:05:45
Bruce’s Big Call Dinar Intel Tuesday Night 2-20-24 REPLAY LINK Intel Begins 1:02:30
Bruce’s Big Call Dinar Intel Thursday Night 2-15-24 REPLAY LINK Intel Begins 1:29:29
Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24 REPLAY LINK Intel Begins 1:05:25
Bruce’s Big Call Dinar Intel Thursday Night 2-8-24 REPLAY LINK Intel Begins 1:10:00
Europe Has Precious Few of These “Golden” Opportunities Left
Europe Has Precious Few of These “Golden” Opportunities Left
Notes From the Field By Simon Black/James Hickman
Located in Mediterranean Sea about halfway between Greece and Turkey is the island of Crete... which has attracted human civilization for more than 100,000 years.
Today roughly 600,000 people call the island home. But millions of tourists also visit the popular vacation spot each year. It’s known for it’s beaches, wine, and olive groves.
And at the moment, real estate is fairly reasonably priced.
It’s certainly not rock bottom cheap, but for such a popular destination, home prices could hardly be called expensive.
Europe Has Precious Few of These “Golden” Opportunities Left
Notes From the Field By Simon Black/James Hickman
Located in Mediterranean Sea about halfway between Greece and Turkey is the island of Crete... which has attracted human civilization for more than 100,000 years.
Today roughly 600,000 people call the island home. But millions of tourists also visit the popular vacation spot each year. It’s known for it’s beaches, wine, and olive groves.
And at the moment, real estate is fairly reasonably priced.
It’s certainly not rock bottom cheap, but for such a popular destination, home prices could hardly be called expensive.
For example, a modest two bedroom stone villa next to a manicured olive grove with gorgeous views of the sea is listed for around €275,000, or USD $300,000.
image
A place like this on Airbnb could easily fetch $125 to $150 per night and would be fully booked for much of the year.
Now, I’m not here to encourage anyone to buy investment property in Greece. Personally I think there are much better investments right now. But buying property in Greece does have something special going for it that most traditional investments don’t have:
You can become a Greek, i.e. European resident, if you buy property.
Having residency in a foreign country is a completely sensible thing to do. It means that, in almost every case imaginable, you’ll have another place to go if you ever need it.
There are a number of places in the world that allow you to buy property in exchange for legal residency; often these programs are called “Golden Visas.”
But you would only want to go down that path if you actually enjoy spending time in the country.
And for some people, Greece is paradise. The weather, culture, ruins, history, food, etc. appeal to plenty of people who want to spend time or even retire there.
Portugal was the first of several countries in Europe to launch a Golden Visa back in 2012.
But as usual, the deal was too good to last. Swarms of foreigners came in, property prices went through the roof, and locals complained that housing was unaffordable.
So last year, the government of Portugal made their Golden Visa program much, much less attractive, and for the most part, property purchases no longer qualify.
Greece is the best game in town right now as far as European Golden Visa programs are concerned. 98% of the country’s territory, including hundreds of its idyllic islands, remains eligible for a Golden Visa in exchange for a property purchase of just €250,000.
But last year, the government raised the minimum investment threshold to €500,000 in the country’s most sought-after regions, including parts of Athens, Thessaloniki, and the islands of Mykonos and Santorini.
And we wouldn’t be surprised if they restricted the program further— after all, that is what tends to happen to these programs. So if you like the program, it’s better act soon.
Again, buying property under a Golden Visa program doesn’t make sense if you don’t enjoy spending time in the country.
But when it’s possible to get residency (which is a solid step in your Plan B) while generating positive cashflow from your rental income when you’re not using the place, that’s a pretty good deal.
Of course, Greece isn’t the only place in the world you can do this.
Panama still offers residency in exchange for a roughly $300,000 property investment— an amount which still goes a long way in Panama.
Panama’s program has also changed over time, so it also probably won’t last forever.
Then there are places like Mexico where you don’t even have to purchase a property to obtain legal residency; you just need to prove that your income or savings meets a modest threshold.
If someone asked where is the easiest place to gain residency in the Western Hemisphere, I think Mexico ticks that box. Almost anyone qualifies, and it is easy to maintain.
The larger point is that these aren’t radical steps. But they do give you another option.
And in a world full of Inspired Idiots, with so much looming risk and uncertainty, having additional options just makes sense.
But great options don’t last.
We go through periods where one residency may be easy and simple to obtain, and over time those rules change and become more difficult and cumbersome.
So when you find something that works for you, take action and make it happen.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
More News, Rumors and Opinions Wednesday Afternoon 3-20-2024
KTFA:
Wrestler: Why so quiet after such a great call last night?
Alicia2015: It's the final countdown. Everyone's busy dusting off their dinars. IMO
TBJohnson: I believe that one reason why it's rather quiet here is because we're all holding our breath in anticipation for what appears to be happening soon with our investment.... It could happen any time or within merely a couple of weeks from now in my opinion....
KTFA:
Wrestler: Why so quiet after such a great call last night?
Alicia2015: It's the final countdown. Everyone's busy dusting off their dinars. IMO
TBJohnson: I believe that one reason why it's rather quiet here is because we're all holding our breath in anticipation for what appears to be happening soon with our investment.... It could happen any time or within merely a couple of weeks from now in my opinion....
Clare: Parliament Finance: The Central Bank will move to support banks through this mechanism
3/20/2024 Baghdad
Today, Wednesday, the Parliamentary Finance Committee revealed the Central Bank’s intention to support banks through loans, while indicating that the Ministry of Labor has opened the platform for applying for small project loans.
The representative of the committee, Mustafa Al-Karawi, said in an interview followed by Al-Iqtisad News: “The committee, during its hosting of the governor of the Central Bank, called for support for banks, especially in the issue of loans,” noting that “the governor of the central bank promised the committee to launch loans, especially the Real Estate Bank, to support the construction movement.”
He added, "Loans for small projects will be through the Ministry of Labor, which in turn has opened a platform to provide unregistered people who have not benefited from previous loans in order to support projects, with the value of the loan reaching 50 million dinars." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff This weekend coming up would be the historical anniversary date of when Kuwait reinstated their currency - March 24, 1991
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend says...Al-Sudani is making an announcement during Ramadan remember? He'll go to Washington DC but after he comes back I believe that this rate [1.32 dinar to $1.00} with the deletion of the zeros will coincide with the WTO. We are basically in a countdown. FRANK: ...The final countdown. Let's roll! I think when they finish with Washington DC and they come back, we may see what we're looking for. [Post 1 of 2....stay tuned]
Frank26 Continued : I am crazy excited your prime minister Al-Sudani and the governor of the CBI Alaq and the board of directors are constantly telling you they're going to give you 1.32 dinars to $1 and a new exchange rate to match it with lower notes...It looks like the next two weeks will be very loud on the monetary reform education. Be ready to move quick. [Post 2 of 2]
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TNT:
Tishwash: Saudi Arabia approves an agreement to open a regional office for the International Monetary Fund in Riyadh
Enhances the Fund’s presence and partnership with Arab institutions
The Saudi Council of Ministers, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, approved on Tuesday evening a headquarters agreement between the government of the Kingdom of Saudi Arabia and the International Monetary Fund to establish a regional office for the Fund in the city of Riyadh, according to the Saudi Press Agency, SPA.
The Saudi Ministry of Finance had signed an agreement with the International Monetary Fund regarding the establishment of a regional office for the Fund in the Kingdom.
The Director of the International Monetary Fund, Kristalina Georgieva, recently said, “Our new office in Riyadh works to strengthen our presence and partnerships with Arab institutions.”
This step reflects the Kingdom's position as the largest economy in the region and one of the most prominent economies of the G20. link
Is The Fed About To Crash Markets? Economy Is Weaker Than You Think | Axel Merk
David Lin: 3-20-2024
Axel Merk, CIO and President of Merk Investments, discusses the major investments themes for 2024 and his outlook for markets and the economy.
0:00 - Intro
1:55 - Drivers of Rally
3:45 - Gold vs. stocks
5:30 - Investing sentiment
7:40 - Gold price outlook
13:00 - U.S. dollar
16:15 - Red Sea attacks and trade
18:15 - Fed monetary policy
21:40 - Fiscal policy
23:00 - 2024 thesis
23:40 - Investing in gold stocks
5 Financial Tips That Will Help You Make It to the Upper Class
5 Financial Tips That Will Help You Make It to the Upper Class
Heather Taylor Mon, Mar 18, 2024
If you are in the middle class and attempting to make the leap into the upper class, what steps can you take to realistically reach your financial goals?
Making the following choices can help you reach your goal of being a member of the upper class.
Change Your Money Mindset
Progressing through each level of financial freedom, starting at self-sufficiency and ending with abundant wealth, requires making a shift in your money mindset.
In an interview with Grow (CNBC + Acorns), self-made millionaire Grant Sabatier said money should not be viewed as something you use to buy things. Reaching financial goals, including joining the upper class, requires making good choices with your money. Practicing good saving and investing habits allows your money to work for you.
5 Financial Tips That Will Help You Make It to the Upper Class
Heather Taylor Mon, Mar 18, 2024
If you are in the middle class and attempting to make the leap into the upper class, what steps can you take to realistically reach your financial goals?
Making the following choices can help you reach your goal of being a member of the upper class.
Change Your Money Mindset
Progressing through each level of financial freedom, starting at self-sufficiency and ending with abundant wealth, requires making a shift in your money mindset.
In an interview with Grow (CNBC + Acorns), self-made millionaire Grant Sabatier said money should not be viewed as something you use to buy things. Reaching financial goals, including joining the upper class, requires making good choices with your money. Practicing good saving and investing habits allows your money to work for you.
Moreover, changes in your money mindset should be positive. Danielle Miura, founder of Spark Financials, said if you don’t develop the right mindset, you may drive in the right direction, but never get anywhere.
“If you want to move up the ladder, you have to know what you want and know how to get there,” said Miura. “When we are solution-oriented, we see the benefits of a problem rather than see it as a negative thing. This positive mindset will less likely derail you from your mission when events happen without your control.”
Change Your Financial Habits
As you begin to shift your money mindset and determine better choices to make with your money, you may need to change any financial habits which no longer suit your needs.
Scott Eichler, investment advisor and founder of Standing Oak Advisors, said a common financial habit keeping individuals in the middle class is consistently spending beyond their means. Those seeking to progress to the upper class need to save, invest and keep a low financial overhead.
“The first step to escape the middle class isn’t to invest smartly, it is to invest at all,” said Eichler. “The difference between the wealthy and the middle class is that the wealthy have learned to live below their means. This allows their means to grow and allows them to amass wealth.”
Take On Good Debt
There are two forms of debt: good debt and bad debt. Bad debt includes credit cards, medical loans and payday loans. This debt can be a drag on your finances and make you financially vulnerable.
To Read More Go to Original Article Here:
https://finance.yahoo.com/news/5-tips-help-move-middle-150018508.html
"Coffee With MarkZ" Wednesday Morning Chat 3-20-2024
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng
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: Good Morning and Hello to all you wonderful people!
Member: Where is that RV Mark? I know I put it somewhere around here
Member: Please have news this morning MarkZ. My stomach needs more than a nothing burger.
Member: a great many people are saying this is our week!!
MZ: Sudani is expressing the need to freeze all electronic transfers….basically freezing all banking and currencies. This is exactly what they would have to do to start the exchange process. I am a firm believer they are doing that to prepare people that the banking system may be funky for a day or two while they flip that switch. There is so much going on.
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng
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: Good Morning and Hello to all you wonderful people!
Member: Where is that RV Mark? I know I put it somewhere around here
Member: Please have news this morning MarkZ. My stomach needs more than a nothing burger.
Member: a great many people are saying this is our week!!
MZ: Sudani is expressing the need to freeze all electronic transfers….basically freezing all banking and currencies. This is exactly what they would have to do to start the exchange process. I am a firm believer they are doing that to prepare people that the banking system may be funky for a day or two while they flip that switch. There is so much going on.
MZ: The chatter has gone through the roof in Iraq with Sudani and the Central Banks movements. If only 10% of the people are right – we are within sight of the finish line.
MZ: There are rumors from some banking contacts that once the announcement happens – Banking will freeze and we wont exchange for about 10 days. Trying to get to the bottom of this rumor.
Member: Could that be the 10 days of darkness some folks keep talking about?
Member: Mark is there a back wall on when they want this completed by??
MZ: I do think there is a set back wall
Member: Rumor is they want us started before April 1st.
Member: Vietnamese president resigns
Member: I wonder how does the resignation of the Vietnamese president impact a new rate for VND?
MZ: “ Vietnamese President resigns amid major graft purge” They are cleaning everybody up with graft from their systems…imo I think this is an exceptionally good sign and I think Vietnam is preparing.
Member: Sure seems to be lots of disclosure happening.
MZ: A clean up of corruption is happening…..That is a requirement for Nesara/Gesara.
Member: Irish Prime Minister is also resigning.
Member: I am seeing the frequency of disclosure increase, but when will enough be enough? I am paying attention, but more and more comes out and nothing is changing… Where is the public outrage?!
Member: it would be interesting to match up the world leaders that resigned with countries currencies to be revalued.
Member: I would like to know how long our NDA’s would be for if we have to sign one?
Member: Mark once said he thought they would be 60-90 days. But we won’t know for sure until we exchange.
Member: Hey Mark you should watch Infowars Owen Schwoyer segment from last night, he had someone on talking about financial news pertaining bank failures and how banks have to be basil three compliant!!
MZ: I would gladly watch this.
Member: I saw a new billboard was up advertising wealth management and private banking for a local bank! They are hiding in plain sight! It's getting exciting!!
Member: Our credit union admitted to me about a month ago that they are excited for the new currency. Tellers just saw it recently.
Member: There is a good video by general milley saying that the government is a corporation and we are a republic
Member: Mark, have you heard any news regarding how much of their redemption funds people will be able to access initially, and then how much later? As always, thanks for answering if you are able!
Member: Bruce stated we would get access to 1% of funds and then two weeks later ALL of the funds
Member: I wonder what else’s needs to happen to kick this thing off??????
Member: Many are reporting there may be a big cell phone outage during the solar eclipse on April 8.
Member: Spring started yesterday and Easter is March 31 the reserection. If this is biblical now would be a good time to have the RV to start.
Member: Easter is also when it’s supposed to be a good time to release St. Germaine funds.
Member: Still much hope for RV by the end of the month hang in there!
Member: Let me know when to finish this retirement letter! lol
Member: I wish for everyone to have a blessed and glorious day
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIALOR 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.
"Tidbits From TNT" Wednesday Morning 3-20-2024
TNT:
Tishwash: Officially... Iraq joins the membership of the European Bank for Reconstruction and Development
The Iraqi Fund for External Development in the Ministry of Finance announced today, Wednesday, that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.
The Fund said in a statement received by Al-Eqtisad News, “The Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law, which comes within the Ministry’s vision of strengthening frameworks of cooperation and communication between Iraq and international financial institutions.” “After the Fund’s continuous coordination with the European Bank’s management, the completion of Iraq’s contribution process, and the completion of all documents related to accession.”
TNT:
Tishwash: Officially... Iraq joins the membership of the European Bank for Reconstruction and Development
The Iraqi Fund for External Development in the Ministry of Finance announced today, Wednesday, that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.
The Fund said in a statement received by Al-Eqtisad News, “The Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law, which comes within the Ministry’s vision of strengthening frameworks of cooperation and communication between Iraq and international financial institutions.” “After the Fund’s continuous coordination with the European Bank’s management, the completion of Iraq’s contribution process, and the completion of all documents related to accession.”
He added, "Joining will enable the European Bank to finance projects within the country, promote development for various sectors, support the entrepreneurship initiative, and support the private sector through investments and participation in policy dialogue and technical assistance," pointing out that "the European Bank for Reconstruction and Development (EBRD) is a multi-faceted development bank."
Parties, headquartered in London, the bank focuses on investment as a tool to rebuild market economies in beneficiary countries, with an emphasis on supporting the private sector and its investments in advisory and political activities. The bank also helps countries develop their policies to promote energy self-sufficiency or renewable energy markets link
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CandyKisses: 92nd in the world. Iraq ranks seventh in the Arab world in the happiness index
Baghdad Today - Follow-up
Finland continued to top the list of the World Happiness Index for the seventh consecutive year, while Iraq ranked 92nd globally and seventh in the Arab world, according to the report issued under the auspices of the United Nations.
This year's report covers 143 countries, which are categorized by several factors, including GDP per capita, healthy life expectancy, and the opinions of the population.
The researchers rely on surveys that ask respondents to answer a progressive scale of 1 to 10 on how much social support they feel in the event of a problem, their freedom to make decisions related to their own lives, their sense of how widespread corruption is in their communities, and how generous they are.
For the first time, this year's report included different classifications according to age groups, for example, Lithuania was the happiest country in the world for the age group under 30, while Denmark was at the top of the list in terms of those over 60.
Overall, Finland came first, followed by Denmark, Iceland, Sweden, Israel, the Netherlands, Norway, Luxembourg and Switzerland.
Afghanistan was at the bottom of the list, preceded by Lebanon, Lesotho and Sierra Leone.
At the Arab level, Kuwait ranked 13th globally, followed by the UAE in 22nd place, Saudi Arabia 28th, Bahrain 62nd, Libya 66th, Algeria 85th, Iraq 92nd and Palestinian Territories 103rd.
Morocco 107th, Mauritania 111th, Tunisia 115th, Jordan 125th, Egypt 127th, Comoros 132nd, Yemen 133rd and Lebanon 142nd, respectively.
First launched in 2012, the World Happiness Report is an annual survey conducted by the United Nations' Sustainable Development Solutions Network.
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CandyKisses: Ramadan and the salary crisis and floods. Nowruz holidays with a different flavor in Kurdistan - urgent
Baghdad Today - Kurdistan
Nowruz holidays in the Kurdistan region come with a different approach this year as a result of the size of the challenges faced by families in those areas, and despite the fact that Nowruz coincided this year with the blessed month of Ramadan and the crisis of delayed salaries of the region's employees
And what made matters worse was the wave of floods that occurred during the past two days, but local administrations in the governorates of the Kurdistan region decided to celebrate by lighting the Nowruz flame and going out in a number of streets, after the time of breaking the fast.
Nowruz is the Kurdish New Year, and the Kurds celebrate it in all the countries in which they are present by going out to the resorts and mountainous areas, but coinciding this year with the blessed month of Ramadan, as well as the financial crisis and the Wave of floods in the cities of the country, may make this occasion another reality.
The organizing committee of the celebrations in Sulaymaniyah announced the closure of the main Salem Street in central Sulaymaniyah and the start of Nowruz celebrations within activities interspersed with performances of Kurdish folklore, costumes, dabkat and Kurdish songs.
The Erbil Municipality, for its part, announced that preparations are underway for the Nowruz torch lighting ceremony on Erbil Citadel.
The municipality of Erbil said in a statement received by "Baghdad Today", that "its teams in the Directorate of Engineering of Erbil Gardens, this morning in a civilized manner and beautiful design standards for the ceremony of lighting the fire of Nowruz as a symbol of the National Day."
A number of citizens say that they will celebrate with their families despite the crises they are suffering from, as they have not been able to fully prepare for this occasion.
Behzad Salam, an employee in Sulaymaniyah, told Baghdad Today that he has not received his salary for 50 days, and although we are in Ramadan month, therefore in this crisis we will not be able to buy clothes for our children nor prepare optimally.
As for Nujeen Ahmed, he pointed out to "Baghdad Today", "Nowruz this year will not have a taste for several reasons, the first of which is the financial crisis, and secondly, we are used to going out to the streets and wearing Kurdish clothes that are sewn on these occasions, and on the 21st we go out with our families to the resorts and mountainous areas, " adding that "but this year we miss these things, because of the salary crisis and the coinciding of Nowruz with Ramadan "
But other families will go out to celebrate despite all the crises and circumstances that the Kurds are experiencing, but they will not miss this occasion, which is considered a national holiday for them.
Hevar Mustafa, a social researcher and academic at the University of Sulaymaniyah, stressed that Nowruz is one of the occasions that the Kurds cherish, and it is not an ordinary day, and therefore there is reverence for this occasion and national pride in it.
She pointed out in her speech to "Baghdad Today", that "the celebration this year will not be like previous years, but there are traditions, including lighting the candle of Nowruz, which expresses the liberation and revolutionary spirit of the Kurds in fighting tyranny and the injustice that they faced over different times
Mot: ........ Coming to a Driveway near you!
Mot . ARE YOUUUUUUUUUU READY!!!!!
News, Rumors and Opinions Wednesday AM 3-20-2024
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 Wed. 20 March 2024
Compiled Wed. 20 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
On Wed. 20 March afternoon Tier4b (us, the Internet Group) would be (allegedly) notified of how to set their exchange appointments.
On Thurs. 21 March Tier4b would be able to (allegedly) start exchange appointments, Bond Holders in Tier 3 will have access to their funds and Restitution and Reclamation Allowance payouts for the General Public should begin.
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 Wed. 20 March 2024
Compiled Wed. 20 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
On Wed. 20 March afternoon Tier4b (us, the Internet Group) would be (allegedly) notified of how to set their exchange appointments.
On Thurs. 21 March Tier4b would be able to (allegedly) start exchange appointments, Bond Holders in Tier 3 will have access to their funds and Restitution and Reclamation Allowance payouts for the General Public should begin.
Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865
Zim Holders can have access to 1% of their total exchange that can be moved from your Quantum Account to your personal account for the first 12-15 days, after which you will get access to the total amount.
Bond Holders can have access to 1% of their total funds for the first 90 days, after which they will have access to all of it.
All countries of the World’s currencies that were going up in value new rates would be made known internationally as of 9am Tues. morning 19 March.
All new rates would be available on Wed. 20 March.
Bond Holders in Tier3 will have access to funds on Thurs. 21 March.
Tier4b (us, the Internet Group) are supposed to be notified after noon on Wed. 20 March and be able to start exchange appointments on Thurs. 21 March.
Restitution and Reclamation Allowance payouts should be available by Thurs. 21 March.
Seniors will have their lump sum payments direct deposited in their bank accounts.
The younger group will get their R&R over 3 years, middle aged group will get their R&R over 2 years, and the rest will get their R&R over 1 year.
Social Security increases will be received in a few months at $4,400 to $4,900 a month.
~~~~~~~~~~
The Fall of the US Fiat Federal Dollar:
BRICS countries are ditching the dollar and using own currencies backed by precious metals to trade.
JP Morgan CEO Jamie Dimon predicted a major financial crisis saying that the global market is facing a rebellion amid its growing debt numbers.
Three months ago on the national panel Catherine Herridge from CBS news said that we are going to see a “Black Swan” event in 2024.
In January financial analyst Richard X Bove said China will soon overtake the American economy and the US dollar will catastrophically collapse.
At the end of February the El Salvador President said the US Dollar Will Collapse.
Three weeks ago Bank of America Issued a Major Warning of a US Dollar Collapse.
Recently the likes of Bezos, Zuckerberg and Gates have been selling stocks and shares at an alarming rate.
Recently the BRICS Ambassador said that the US Dollar-Dominated World Will End Soon.
Last week Elon Musk said the US will go bankrupt because of overspending.
This week Bond yields close to key level that could put more pressure on stocks, Morgan Stanley said.
We know that the new financial system is ready.
The dates have passed when Banks have to be ISO20022 and Basel III compliant. CBDCs can NOT operate on the new system.
Today and tomorrow Tues-Wed 19, 20 March the Federal Reserve has a Federal Open Market Committee (FOMC) meeting. Economists and analysts have been waiting for the second policy meeting of the year as high interest rates continue to bear down on the economy saying there are fears of a stock market crash. And on the 11th March Wall Street and regional banks said they are scrambling for new funds as the FED ends emergency lending program, aimed at keeping failing banks afloat during banking collapse.
This is why the distractions are coming in thick and fast right now to take our eyes away from the financial system fully collapsing. We know BRICS will destroy FED with asset backed currencies. The collapse is coming and many of us are prepared. https://x.com/bricsinfo/status/1769833490088923612?s=46
Read full post here: https://dinarchronicles.com/2024/03/20/restored-republic-via-a-gcr-update-as-of-march-20-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Yada Be of good cheer folks, this is unfolding before our eyes...what we are are expecting is taking place...The articles last week regarding the 1.32 in Iraq was telling the people what to expect. The salaries, contracts, infrastructure are at a point the REER [Real Effective Exchange Rate] will activate it all...Today-tonight is very good for us.
Jeff Iraq technically does not need to amend the budget if they're not changing their rate. The budget already covers their operating expenses. But they would need surplus funds to cover the reforms. The reforms are contingent upon the rate changing. They can't bring these reform package forward if the rate does not change. The only reason they're amending the budget is because the rate is changing...The step of amending the budget can happen either before or after the rate changes ... They will probably announce Thursday or Friday as to when they plan to amend the budget, which they'll probably do around this weekend...
As the Chinese Public Watches their Fiat Money Wealth Evaporate, Lies are Revealed
Lynette Zang: 3-19-2024
Join Lynette Zang in this insightful analysis of the current economic landscape, where she delves into the resurgence of gold fever, particularly in China, amidst a backdrop of economic uncertainty and declining confidence in traditional markets.
Drawing parallels between historical events like the California gold rush and contemporary trends, Lynette highlights the significance of gold as a timeless store of value and a hedge against financial instability.
Iraqi Dinar Today Video Updates Late Tuesday Evening 3-19-24
Iraqi Dinar Today Video Updates Late Tuesday Evening 3-19-24
Finally Now The Time to implement cash – 4:29
WOW Amazing Exchange Rate Launch By PM AL-Sudani & US President Joe Biden – 2:32
Chase Bank Set on Screen IQD New Exchange Rate $4. – 4:36
Iraqi Dinar Today Video Updates Late Tuesday Evening 3-19-24
Finally Now The Time to implement cash – 4:29
WOW Amazing Exchange Rate Launch By PM AL-Sudani & US President Joe Biden – 2:32
Chase Bank Set on Screen IQD New Exchange Rate $4. – 4:36
Finally Now The Time to implement cash – 4:29
WOW Amazing Exchange Rate Launch By PM AL-Sudani & US President Joe Biden – 2:32
Chase Bank Set on Screen IQD New Exchange Rate $4. – 4:36
Iraq Economic News and Points to Ponder Late Tuesday Evening 3-19-24
Iraq Economic News and Points to Ponder Late Tuesday Evening 3-19-24
Tlm724 Administrator Bondlady’s Corner
Revealing The Reason For The Persistence Of The Gap In The Dollar Exchange Rate Between The Official And The Parallel
Time: 03/19/2024 Read: 3,549 times {Economic: Al-Furat News} An economic expert attributed the persistence of the price gap between the dollar and dinar exchange rates to “illegal trade.”
Nabil Al-Marsoumi told {Al-Furat News} agency, “Illegal trade with sanctioned countries is the main reason for the gap between the official price of the dollar and the parallel price, as it is difficult to cut off trade with neighboring countries such as Syria, Iran, and others like Russia, because they cover a large part of the market, especially with regard to goods.” and Iranian goods.
He added, "We expect the exchange rate to stabilize at these rates, and if the United States reconsiders and eases the sanctions, the price gap will decrease slightly now. It will not disappear."
It is noteworthy that the Central Bank of Iraq sells the dollar at the official rate of 1,320 dinars, while it reaches the “parallel” black market at a rate of 1,500 dinars. LINK
Iraq Economic News and Points to Ponder Late Tuesday Evening 3-19-24
Tlm724 Administrator Bondlady’s Corner
Revealing The Reason For The Persistence Of The Gap In The Dollar Exchange Rate Between The Official And The Parallel
Time: 03/19/2024 Read: 3,549 times {Economic: Al-Furat News} An economic expert attributed the persistence of the price gap between the dollar and dinar exchange rates to “illegal trade.”
Nabil Al-Marsoumi told {Al-Furat News} agency, “Illegal trade with sanctioned countries is the main reason for the gap between the official price of the dollar and the parallel price, as it is difficult to cut off trade with neighboring countries such as Syria, Iran, and others like Russia, because they cover a large part of the market, especially with regard to goods.” and Iranian goods.
He added, "We expect the exchange rate to stabilize at these rates, and if the United States reconsiders and eases the sanctions, the price gap will decrease slightly now. It will not disappear."
It is noteworthy that the Central Bank of Iraq sells the dollar at the official rate of 1,320 dinars, while it reaches the “parallel” black market at a rate of 1,500 dinars. LINK
Decline In Oil Prices In Global Markets
Tuesday 19, March 2024 | Economical Number of readings: 432 Baghdad / NINA / Oil prices fell in today’s trading, Tuesday, after recording in yesterday’s session, Monday, the highest level since the beginning of last November.
US West Texas Intermediate crude futures were traded at $82.56 per barrel, a decrease of 0.19% from the previous settlement price. Meanwhile, global Brent crude futures were traded at $86.70 per barrel, a decrease of 0.22% from the previous closing price.
Today's decline came after a noticeable rise in crude prices in yesterday's trading, as Brent crude contracts rose by 1.8% to $86.89 per barrel, and US crude contracts rose by 1.95% to $82.16 per barrel./End https://ninanews.com/Website/News/Details?key=1113698
Central Bank Transfers Outside Iraq Recorded $245 Million
Money and business Economy News – Baghdad Foreign remittance sales rose at the Central Bank of Iraq auction, today, Tuesday, to record $245 million.
Today, during its auction for buying and selling the US dollar, the Central Bank sold 245 million, 622 thousand and 724 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers, and at the same price in cash.
Most of the bank's dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 226 million, 922,724 thousand dollars, an increase of 92%, compared to cash sales of 18 million, 630 thousand dollars.
The number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, while the total number of exchange and brokerage companies participating in the auction was 135 companies.
Yesterday, Monday, sales of foreign remittances at the Central Bank of Iraq auction recorded $221 million. Views 89 03/19/2024 - https://economy-news.net/content.php?id=41645
"Al-Eqtisad News" Publishes The Full Decisions Of The Council Of Ministers Session
Economy News – Baghdad Al-Eqtisad News publishes the full decisions of the twelfth regular Council of Ministers session held today, Tuesday, the most important of which was obligating the Ministry of Finance to pay the dues owed to an Iraqi bank by Kurdistan, provided that they are deducted from the region’s allocations.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Prime Minister, Mr. Muhammad Shiaa Al-Sudani, chaired, today, Tuesday, the twelfth regular session of the Council of Ministers, in which the general situation in the country was discussed, and the most important service files were reviewed.” economic, and to deliberate on the issues on the agenda and take the necessary decisions thereon.”
The statement added, “In the field of energy, the Council voted on the following:
1. Approval to authorize the Minister of Finance, or whomever she authorizes, to sign with the relevant authorities an amendment to the loan agreement for financing the 400 kV Babylon station rehabilitation project, which is financed by the Swedish loan with JPM Bank.
2. Approval of the financing terms for the loan according to the Ministry of Finance’s letter dated February 25, 2024.
He explained, “Based on the government’s priorities, which focused on administrative reform, the Council voted on the following:
1- Approval of the controls regulating the dealings of beneficiary entities with letters of guarantee issued in their favor, taking into account the observations of the Ministerial Council for the Economy confirmed by its letter dated January 14, 2024, amending Article (17) of the aforementioned controls, according to what is stated in the department’s memorandum. Legal of the General Secretariat of the Council of Ministers, dated March 14, 2023.
2- Agreeing to accept a certified instrument or a letter of guarantee, taking into account the validity period of the certified instrument, and the beneficiary party must renew it before it becomes effective until the need no longer exists, in accordance with the rules.
The statement indicated, “Within the path of financial and banking reform, the Council issued a decision obliging the Federal Ministry of Finance to pay the dues of the Trade Bank of Iraq/TBI, due from the Kurdistan region of Iraq, in annual monthly installments for the years (2023, 2024) at a rate of (636) billion dinars for each year.” It will be deducted from the region’s allocations for the year 2024, and will be deducted later.”
He continued, "The session witnessed the approval of recommendations regarding settlement procedures for foreign claims, in accordance with Cabinet Resolutions 28 of 2014 and 48 of 2018, as follows:
1. Make an amendment to paragraphs (1 and 2) of Cabinet Resolution 28 of 2014 as follows:
a. Amend paragraph (1) to become: Authorizing ministries and entities not affiliated with a ministry with the authority to negotiate with creditor companies that have a final court ruling, and which have seized the funds of Iraqi government institutions abroad, or have not seized in their consensual settlement, at a rate less than the principal of the debt without interest,
While giving it preference in contracting with state departments in one of the government projects or contracts in exchange for the creditor party dropping the entire amount of the debt and its interests, and invalidating the lawsuit filed.
B. Amending paragraph (2) to read: Negotiating and negotiating committees shall be conducted by the relevant authorities under the supervision of the Ministry of Justice. It is exclusively concerned with following up on foreign lawsuits, and each case is presented individually to the Council of Ministers for approval.
C. Continued implementation of Cabinet Resolution No. 48 of 2018.
2. Taking into consideration the opinion of the Legal Department in the General Secretariat of the Council of Ministers.
The statement continued, "The session included approval of the following:
First: Cancellation of the recommendations of the sixth meeting of the Chinese Framework Agreement issued by Cabinet Resolution (24006 of 2024).
Second: Cancellation of the Council of Ministers’ decision (24059 of 2024) regarding the completion of the new Nasiriyah warehouse and model school buildings, funded by the Chinese agreement.
Third: Approving the projects approved by Cabinet Resolution (24130 of 2023), with an annual allocation of (7059) billion dinars, instead of (7137) billion dinars, signed by the committee.
The following was also voted on during the session:
1. Deletion of the project (constructing an international stadium in the center of Nineveh Governorate at a cost of (22,813,000,000 dinars), based on the technical reports issued by the advisory office, affiliated with the College of Engineering at Al-Mustansiriya University, which includes the recommendation to completely remove the structure with the foundations, as well as the recommendation of the advisory body / Advisor to the Governor for Technical Affairs, adopting the opinion of the Advisory Office of Al-Mustansiriya University, to demolish and completely remove the foundations, taking into account the amounts spent on the aforementioned project and the amounts of work completion, and transferring the amounts of the deposits to the project account after its deletion, according to the controls and instructions issued by the Ministry of Planning.
2. Considering the request to include the project to establish the Nineveh Central Stadium with a closed sports hall on the right side of Mosul in a turnkey manner, within the governorate’s projects for the year 2023 (amended Schedule E) specified in the Federal General Budget Law (13 of 2023), for a total amount of (36,200). 000,000 dinars) after completing all relevant listing requirements.
3. Nineveh Governorate bears full responsibility for the truth and accuracy of the information submitted to the Ministry of Planning.
He pointed out that "with regard to the contract concluded with the Turkish company Tarmash for the school buildings project, the Council issued a decision approving the acceptance of the letter of guarantee previously submitted to the Ministry of Industry and Minerals, for the same contract outside the electronic platform for the letter of guarantee, until the company has financial liquidity that enables it to return Letter of guarantee, within the electronic platform.
The Council also issued a decision approving the Ministry of Finance’s contract with the Scientific Consulting Office at the Ministry of Higher Education and Scientific Research/University of Baghdad/College of Science. To complete the system for modernizing public financial management systems (IFMIS), as an exception to the instructions for implementing government contracts (2 of 2014).
The statement explained, “The sale of residential plots of land starting from the property numbered (45373 to 49551 AD/21 Haidariyah) was approved for sale, amounting to (4176) plots, separated from the area of the two plots of land numbered (42062/1, and 42063/1), district (21). )
Haidariyah, to employees of the General Secretariat of the Holy Shrine of Hussein, as an exception to the public bidding procedures, and based on the provisions of the Law on the Sale and Rent of State Funds No. (21) of 2013, as amended, and replacing it with a lottery system, according to the controls of those who are not beneficiaries of the Council of Ministers’ Resolution (20 of the year 2019), taking into account Articles (4 and 15/First/A) of the aforementioned Law on the Sale and Rent of State Funds.”
Within the framework of organizing union work, the recommendation of the Ministerial Council for Human Development (24004 B) of 2024 was approved, which includes obligating the Engineers Syndicate to address the issue of registering engineering colleges and departments and accrediting them in the Engineers Syndicate.
The Council agreed to authorize the Director General of the General Tax Authority to negotiate and initial a draft agreement to avoid double taxation and prevent evasion of taxes imposed on income and capital between the Government of the Republic of Iraq and the Government of the Republic of Latvia, based on the provisions of the Constitution, and to authorize the Minister of Finance to negotiate. And the final signature on the above project.”
He continued, "The draft law on the Republic of Iraq's ratification of the air services agreement between the government of the Republic of Iraq and the government of the Republic of Azerbaijan was approved and referred to the House of Representatives, based on the provisions of the constitution."
Views 73 Added 03/19/2024 - https://economy-news.net/content.php?id=41657
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points to Ponder on Decisions
We have resolved to endure the unendurable and suffer what is insufferable. - Emperor Hirohito
Once a decision was made, I did not worry about it afterward. - Harry S. Truman
No country can act wisely simultaneously in every part of the globe at every moment of time. - Henry Kissinger
The last, if not the greatest, of the human freedoms: to choose their own attitude in any given circumstance. - Bruno Bettelheim
He who has a choice has trouble. - Dutch proverb
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Iraqi Dinar Video Update Tuesday Evening 3-19-24
Iraqi Dinar Video Update Tuesday Evening 3-19-24
This is Huge latest Update About IQD – 3:23
Al Sudani Big Statement About IQD RV – 3:19
WOW IQD & VND Trade Market Today – 3:44
Iraqi Dinar Video Update Tuesday Evening 3-19-24
This is Huge latest Update About IQD – 3:23
Al Sudani Big Statement About IQD RV – 3:19
WOW IQD & VND Trade Market Today – 3:44
This is Huge latest Update About IQD – 3:23
Al Sudani Big Statement About IQD RV – 3:19
WOW IQD & VND Trade Market Today – 3:44