News, Rumors and Opinions Sunday Morning 5-12-2024

KTFA:

Frank26:  "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26

 Al-Sudani launches a package of new service projects in Babylon

 5/9/2024

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.

Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”

He added, "The projects include:

-Integrated projects for sewage, sewage, and rainwater in (Al-Qasim, Al-Hashimiyeh, and Al-Madhatiya districts), with a total amount of (364,500,000,000) dinars.

-An integrated project for sewage, sewage and rainwater networks for Al-Kifl district, amounting to 134.2 billion dinars.

-A link road with the highway (Basra - Baghdad), via the Imam - Anana district - to Al-Ibrahimiya in the Hindiyah district, at a cost of 320 billion dinars.

-Management and operation of Imam al-Sadiq Hospital (peace be upon him), by a specialized foreign company for $60 million.

- Referring the large Hilla sewer project/second phase to implementation at a cost of $287 million.   LINK

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Frank26:  "THE REALITY IS A NEW EXCHANGE RATE!!!".........F26

 It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support

 5/9/2024  Baghdad

The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.

The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.”

He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided a comprehensive explanation of the relations and economic conditions, as well as the government's directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq."

 Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”

He pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations."

It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years.   LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  My bank friend told me that [the new green 1000 dinar note] is on the CBI website.  FRANK:  Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY:  None of us have seen this before. FRANK:  This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.

Militia Man   Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.  They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That's what they're going to be trying to do...

States Say "NO" To Overreach by UN, WHO, & WEF | Alex Newman

Liberty and Finance:  5-11-2024

America's founding fathers wrote that it was the "rightful remedy" for the state governments to interpose between the federal government and the citizens of the states.

Throughout US history, state governments have nullified overreach by the federal government and protected the rights of citizens.

Journalist, author, and educator Alex Newman joins us to discuss recent state bills that are now protecting citizens against overreach by unelected international organizations.

Louisiana Senate Passes Bill to End State Cooperation with UN, WHO, & WEF: "The proposed law declares, 'The World Health Organization, United Nations, and the World Economic Forum shall have no jurisdiction or power within the state of Louisiana.' ” https://blog.tenthamendmentcenter.com/2024/03/louisiana-senate-passes-bill-to-end-state-cooperation-with-un-and-who/

INTERVIEW TIMELINE: 0:00

Intro 1:20 Preparedness

7:32 Sheriffs conference

 14:00 Constitution and state's power

 23:33 Alex Newman's resources

https://www.youtube.com/watch?v=iE1WPVkwQ2A

Currency Insider Video Updates Saturday Evening 5-11-24

Currency Insider Video Updates Saturday Evening 5-11-24

Iraqi dinar hold your dinar new rate unbelievable – 2:12

Iraqi dinar ready for RV Iraqi Dinar RV Is Coming – 2:16

Vietnam Dong rate high alert – 1:00

CBI Big Alert Of Iraqi Dinar New Exchange Rates – 2:10

Iraqi dinar hold your dinar new rate unbelievable – 2:12

https://www.youtube.com/watch?v=YnFe9yljDhw

Iraqi dinar ready for RV Iraqi Dinar RV Is Coming – 2:16

https://www.youtube.com/watch?v=7bfZBphW90s

Vietnam Dong rate high alert – 1:00

https://www.youtube.com/watch?v=2e-GF3WTbag

CBI Big Alert Of Iraqi Dinar New Exchange Rates – 2:10

https://www.youtube.com/watch?v=oCUuQvO4GCU

Avoid These 7 Mistakes When Rolling Over Money Between Retirement Accounts

Avoid These 7 Mistakes When Rolling Over Money Between Retirement Accounts

Laura Beck   Fri, May 10, 2024

One of the most important financial decisions you’ll make is how to handle your retirement accounts when changing jobs. Rolling over your 401(k) or other accounts correctly can ensure your hard-earned retirement savings keep growing tax-deferred. But making mistakes during this process can cost you big time in taxes, penalties and lost future growth.

Here are six potentially costly mistakes to avoid when rolling over retirement money, according to financial advisors.

Having the Rollover Check Made Payable to You

“Rolling over your 401(k) to an IRA or another 401(k) is usually done by check. Do not have the check made out to yourself!” said Jake Skelhorn, CFP and former Merrill Lynch advisor now at Spark Wealth Advisors. “This is taxable and will be subject to a mandatory 20% withholding. The rollover check needs to be made payable to the gaining institution, or sometimes the name of your employer if it’s a 401(k).”

Not Paying Off 401(k) Loans First

“Pay off any loans prior to rolling over,” Skelhorn shared. “Most of the time, processing a rollover closes your old 401(k), which will cause you to default on any outstanding loan balances.

The loan will be reclassified as a withdrawal and subject to taxes and possibly penalties. If you can, pay off the loan first to not only avoid taxes but put more money back into the tax-deferred account where it can continue compounding.”

Using a 60-Day Indirect Rollover

“Using a 60-day rollover, also called an indirect rollover, is a huge mistake,” said Stephen Kates, CFP and principal financial analyst for Annuity.org. “All rollovers should be set up to transfer in what is called a ‘trustee-to-trustee transfer’ process instead.”

With a trustee-to-trustee transfer, the money moves directly between financial institutions without you taking possession of it. This avoids the 60-day time limit, mandatory 20% tax withholding and risk of forgetting to redeposit funds before the deadline.

“A trustee-to-trustee transfer means that the money will move directly between the financial institutions and will not be received or handled by the person who owns the account,” Kates said. “This is a cleaner and safer way to transfer the money and will limit any mistakes.”

Not Separating Pre-Tax and Post-Tax Funds

“It is important to understand the tax status of your retirement money especially if you have a mixture of pre- and post-tax contributions in your retirement account,” Kates said. “When making transfers, investors will need to direct pre- and post-tax money to separate accounts to make sure they are not either commingled incorrectly or mailed out as a retirement distribution.”

Being Unprepared With Transfer Details

Before initiating a rollover, you’ll need to have these key details about the receiving account:

Name of the receiving institution

Address of the receiving institution

Account number at the receiving institution

Type of account (IRA, 401(k), etc.) to receive the funds

“Prepare the necessary information before you start your transfer,” Kates said. “Most institutions need [these] four pieces of information to complete a transfer.”

To Read More:

https://news.yahoo.com/finance/news/m-financial-advisor-avoid-7-120020539.html

KTFA Sat. Night CC: “FRANK26…..5-11-24…..FIL ME UP “

KTFA

Saturday Night Conference Call

FRANK26…..5-11-24…..FIL ME UP

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#

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

Iraqi Dinar Today Video Updates Saturday Evening 5-11-24

Iraqi Dinar Today Video Updates Saturday Evening 5-11-24

CBI Announced New Rate Finally Showing On Tv Screen – 4:16

IQD $5.77 And Vietnamese Dong $3.10  Internationally – 4:11

Chase Bank Latest Announcement  IQD Rv And New Rate| - 4:25

Floating point and Iraqi dinar Latest update – 4:22

Massive Exchange Rate Update About IQD Rv – 3:11

Wait is Over , for the RV Rate To Be Announced – 4:21

CBI Announced New Rate Finally Showing On Tv Screen – 4:16

https://www.youtube.com/watch?v=ePMUwBVBU34

IQD $5.77 And Vietnamese Dong $3.10  Internationally – 4:11

https://www.youtube.com/watch?v=yARfRW2Xyn8

Chase Bank Latest Announcement  IQD Rv And New Rate| - 4:25

https://www.youtube.com/watch?v=p3_rXp19s3E

Floating point and Iraqi dinar Latest update – 4:22

https://www.youtube.com/watch?v=EPzhRdKKv68

Massive Exchange Rate Update About IQD Rv – 3:11

https://www.youtube.com/watch?v=b68Ao8cuffc

Wait is Over , for the RV Rate To Be Announced – 4:21

https://www.youtube.com/watch?v=_c7YfBJuGIg

“Mothers Day Bits and Pieces” Posted by Mot at TNT

TNT:

Mot:  ...... the woman at the end of the street

We live about a half mile from the bus stop.

There are nine kids (including my three) who live along the half mile stretch leading to the bus stop.

My kids love taking the bus because they love hanging out, talking and playing with their friends before the bus arrives.

There’s a family who lives right at the end of the street close to the bus stop.

The youngest daughter is about to graduate from high school and will leave for college in a couple months.

It could go either way living near the bus stop.

You could be annoyed that there are nine kids running around and having fun right outside your house 180 mornings and afternoons of the year.

Or you could welcome it.

The mom (already missing her daughter before she has even graduated from high school) loves having the kids around.

She lets them play with her dog whenever they want to.

She lets them play football and tag and climb the tree in her front yard.

She also lets them keep their bikes, scooters, skateboards, helmets, footballs, basketballs, frisbees, baseball gloves and whatever else they bring to the bus stop at her house when the bus arrives.

Then they can grab their stuff when they get off the bus after school and hang out and play and ride their bikes home.

So now, every morning, Kasen and Marit ride their bikes to the bus stop.

They get out the door ten or fifteen minutes earlier than they need to so they have time to ride bikes before school and have fun with their friends.

They actually rush out the door to go to school.

And they wouldn’t be able to do this if it weren’t for the amazing woman who welcomes and appreciates this group of kids every day.

There are so many ways to make this world a better place and the woman at the end of the street has mastered one of them.

~~~~~~~~~~~

Mot: .. the MOM Voice Its real

Mot: .... Beeeeeeeeee Sure and Remember!!! ~~~~

Mot: ... Yaaaaaaaaaa - She Gets the Day Off!!!!!

Mot:  . Yeppers - one day 

Mot .... Anything Left OUt????

Mot: 12 Hours of Labor

Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez

Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez

Kitco News:  5-11-2024

Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.

 In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.

Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.

This interview covers the potential impacts on the economy, the philosophy behind sound money, and the practical implications for everyday Americans.

00:00 Introduction

 01:30 The Importance of Sound Money

 03:30 State Legislation on Precious Metals

06:00 Impact on Individual Finances:

09:00 Federal Policies and Sound Money

12:00 Addressing Common Criticisms

15:00 The Role of Gold and Silver Today

18:00 Practical Challenges and Solutions

22:00 Conclusion

https://www.youtube.com/watch?v=E97eHUK-HME

“Tidbits from TNT” Saturday 5-11-2024

TNT:

Tishwash:  A $700 million agreement is signed between Iraq and Italy to finance these projects

Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.

Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."

He added, "As part of the government's initiative to support the private sector, memorandums of understanding were also signed between Iraqi businessmen and businessmen from Italian suppliers of production lines and factories to supply 6 factories to Iraq," indicating that "these factories include glass products, medicines, slaughterhouses, poultry and egg rearing, and gas processing." The facility, an iron factory, and a pharmaceutical factory.”  link

Shybaby:  Iraq requests end of UN assistance mission by end-2025

BAGHDAD (Reuters) –

Iraq has requested that a United Nations assistance mission set up after the 2003 U.S.-led invasion of the country end its work by the end of 2025, saying it was no longer needed because Iraq had made significant progress towards stability.

The mission, headquartered in Baghdad's heavily fortified Green Zone, was set up with a wide mandate to help develop Iraqi institutions, support political dialogue and elections, and promote human rights.

Prime Minister Mohammed Shia al-Sudani said Iraq wanted to deepen cooperation with other U.N. organisations but there was no longer a need for the political work of the U.N. assistance mission, known as UNAMI.

The mission's head in Iraq often shuttles between top political, judicial and security officials in work that supporters see as important to preventing and resolving conflicts but critics have often described as interference.

"Iraq has managed to take important steps in many fields, especially those that fall under UNAMI's mandate," Sudani said in a letter to U.N. Secretary-General Antonio Guterres.

Iraq's government has since 2023 moved to end several international missions, including the U.S.-led coalition created in 2014 to fight Islamic State and the U.N.'s mission established to help promote accountability for the jihadist group's crimes.

Iraqi officials say the country has come a long way from the sectarian bloodletting after the U.S.-led invasion and Islamic State's attempt to establish a caliphate, and that it no longer needs so much international help.

Some critics worry about the stability of the young democracy, given recurring conflict and the presence of many heavily armed military-political groups that have often battled on the streets, the last time in 2022.

Some diplomats and U.N. officials also worry about human rights and accountability in a country that frequently ranks among the world's most corrupt and where activists say freedom of expression has been curtailed in recent years.

Iraq's government says it is working to fight corruption and denies there is less room for free expression.

Somalia's government also requested the termination of a U.N. political mission this week. In a letter to the Security Council, the country's foreign minister called for the departure of the Nations Assistance Mission in Somalia (UNSOM), which has advised the government on peace-building, security reforms and democracy for over a decade. He provided no reason. 

Metro Portal (newsroomlabs.com)

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Tishwash: They prefer to put their money in their homes.. When will the banking sector gain the trust of Iraqis?

The citizen prefers that keeping his cash in his home is a guarantee of its security, rather than having it in institutions that they do not trust in to house this money, which has led to the impeding the growth of the banking system in the country, while the Iraqi government is trying to attract cash liquidity by automating the citizen’s daily transactions. Through electronic payment cards and other plans to restore this trust between the citizen and the Iraqi banking system.

Banks, in turn, increased the number of their bank branches. Many private banks were opened throughout Iraq to enhance accessibility and enhance financial inclusion, while observers explained that the citizen must give these banks an opportunity to achieve economic growth in the country, while others attributed the lack of this confidence to weakness. The scarcity of banking services made them unable to attract citizens and merchants, in addition to the high interest rates on loans and advances.

Support banks

While the majority of banks in Iraq represent 90.5% (67 out of 74 banks) of the total number of banks. It is owned by the private sector and also owns the capital of the banking sector in Iraq.

Banking expert Saif Jawad Al-Halafi confirms, “One of the foundations of banking is banking comprehensiveness in diversifying the banking services provided to the public, and that the bank does not depend in making profits on a banking operation that it monopolizes as a result of the availability of external regional factors affecting Iraq’s foreign trade movement.”

 Noting that, “The investor has the right to reap profits, but our banks also have the right, even if they are marred by some wrong banking behavior for a certain period, they have the right to be included with everyone in enjoying all the banking services available in the Iraqi banking arena and in foreign trade, from opening credits or transfers.” "External".

Maintaining the banking sector

Al-Halafi explains in an exclusive interview with Al-Mada that “all Iraqi banks must be supported without exception, whether they are fully owned by Iraqis or there are foreign contributions participating in Iraqi capital.” Pointing out, “There is a crowd of depositors and investors in these banks, and the government must provide all full support to all of them because one of the basics of the Iraqi national security standard, and one of the most important points, is to maintain the strength of the banking sector without being subjected to pressures or tremors that overthrow some.” Banks, because you will affect the rest of the Iraqi banks as a whole.”

Al-Halafi continues, “The journey of establishing Iraqi banks and the Baghdad stock market is an arduous journey, the journey of which began with the late Hassan al-Najafi, so we must support our banks, whether that is with constructive criticism or correction.” Stating, “What is sad is that the Iraqi banking sector is older than all neighboring countries, and for this reason we never allow our banks to let us down because they are our security and the future of Iraqi foreign trade, and they have the right to contribute to all banking and economic activities without exception, especially in the upcoming Al-Faw port project.” And also the path of development.

risk

While most Iraqis avoid crediting their assets to traditional commercial banks because of their doubts and the political differences that arise from time to time, in addition to the fact that there are those who have religious reservations.

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, stated that “the vision of the government curriculum is moving towards implementation with consistent steps, all of which lead towards successive reform applications and according to a systematic and comprehensive structure that addresses the details of the national economy and according to the priorities drawn up from the beginning.” Pointing out, “It is known that the contribution of government sectors to the country’s gross domestic product is about 63%, as the Iraqi economy is the fourth economy in the world in terms of the government sector’s dominance in generating gross domestic product.”

Saleh added in an interview with Al Mada, “Economic reform inevitably begins with the government economy, which has the greatest contribution to the growth of the country’s national income.” Noting that, “With a closer look, the reform priorities started today from the government finance sector, and we mean government banking activity, which currently dominates 85% of banking operations in the country, but operates with capital or ownership rights that constitute only 22% of the total banking capital.” In the country, which made it restricted in the development of general economic activity and the development of the market economy, and since finance is an activity that precedes real productive activity in terms of importance and logic, Prime Minister Muhammad Shiaa Al-Sudani adopted a scientific and practical approach by moving towards reforming the government commercial banking system.

Achieving financial inclusion

The lack of experience, lack of services, and lack of banking culture led to a collective alienation from the entire banking sector, which hindered the development of this important system in the country.

As Saleh returns to update (Al-Mada), that “to begin with, one of the largest international companies specialized in reform studies and financial, accounting and administrative auditing was commissioned to prepare an accurate assessment of the reality of government banks in order to achieve comprehensive reform processes for the government banking system itself, and at the forefront of that is Generating a government commercial bank that directs directly towards the market economy and financing trade and investment, achieving financial inclusion, enhancing the levels of credit granted to the market, and introducing advanced technologies, financial applications and payment systems into this new banking system that will work on broad foundations of banking governance, compliance and driving growth and development rates. Sustainable economic growth, in addition to adopting the necessary legal applications to enhance property rights and raise their capital to record levels in accordance with the principles of banking (Bazal) that are applied globally.”

He added, "Also, providing mechanisms for its openness and integration with the global banking market. It is no secret that the other and important aspect of government banking reform will undoubtedly lead to the birth of banking specialized in government financial operations, exercising exclusively banking functions related to government operations, and at the same time helping in the development of treasury account mechanisms." The unified TSA is the account that gives public finance the real-time ability to know the country’s government cash flows with high efficiency.”

He concludes his speech by saying, “The reform processes will also include, in the stages of their work, specialized banks such as the Industrial, Agricultural, and Real Estate Bank, as they will operate in the future as a development bank, in which property rights will be strengthened by making them a profitable and strong public shareholding company that contributes to financing private investments in economic development through grants.” Flexibility and adequacy in granting credit for productive investment operations, with a view consistent with the targeted growth rates in gross domestic product, which is indicated today by the National Development Plan 2024-2028, and future national development plans.”

It is noteworthy that Iraq includes 72 registered banks, including 38 banks participating in the auction for selling American currency at the Central Bank. However, the US sanctions that recently affected 14 banks, and other banks that were subject to similar sanctions months ago, led to the number of banks participating in the The currency auction is now being sold by only 18 banks.  link

Mot: .. the card 

Mot: ... Look Familar!! ????

Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Good Evening Dinar Recaps,

EUROPEAN BANKING AUTHORITY MICA ANNOUNCEMENT:

"The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation (MICA)"

Specifically, stablecoins and tokenized assets are currently in the comment stage and ready for the white papers.

A white paper is a final document ready for implementation for business owners in an industry to utilize as a reference guideline. In this case, this particular white paper is for countries around the world to use these stablecoin and asset regulations as a guideline for creating a standardized stablecoins and digital assets they can use Globally.

Remember, Stablecoins and Market assets are a digital representation of a country's currency and the assets they pay for going forward. The standardization process of our Global currencies is currently in their final phases. EBA Europa    CorporateFinanceInstitute

© Goldilocks

~~~~~~~~~

"On May 7, 2024, the European Banking Authority (EBA) published three final drafts of technical standards developed under Regulation (EU) 2023/1114 on crypto-assets, the so-called Market in Crypto-Assets Regulation (MICA), published in the Official Journal of the European Union on June 9, 2023.

With reference to the timeline for applicability of the MICA Regulation, it will be applicable in its entirety from December 30, 2024; however, the requirements set for asset-referenced tokens and e-money tokens will be applicable starting from June 30, 2024."

I know some of you look for dates and rates only, so I'm going to make the above articles more specific to those looking for important dates.

On June 30th, the digital markets and the e-money used to pay for those assets through the banking system are to be done by June 30th, 2024.   PwC TLS

© Goldilocks

~~~~~~~~~

MICA activating new laws on June 30th, 2024 regarding our digital assets and stablecoins will begin the process of institutional money being moved across borders.

This will begin the process of putting price pressures on foreign currency exchange rates going forward. This does not mean we'll see those changes right away, but we will begin seeing movements of money in ways we have not seen before.

Credit valuation adjustments will be happening across the board throughout the second half of this year. Some assets will go up and others will go down. In the end all assets will be in process of finding their equilibrium inside the new digital economy.

© Goldilocks

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5 Major Banks Closing Many Locations in Idaho and Washington State | LiteOnline

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Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra

On April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election to transfer energy tax credits under Section 6418 of the Internal Revenue Code of 1986, as amended (the Code), pursuant to changes authorized by the Inflation Reduction Act of 2022 (IRA). The Final Regulations update the initial proposed regulations issued on June 14, 2023 (the Proposed Regulations), discussed by Wilson Sonsini, relating to the transfer of eligible credits.

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JPMorgan Chase Implements Quantum-Secured Network | IOT World Today

JPMorgan Chase researchers have successfully implemented a high-speed, quantum-secured crypto-agile network (Q-CAN), connecting two data centers over existing fiber optic cables.

The demonstration was conducted in an air-gapped environment over 29 miles of deployed telecom fiber across Singapore and achieved 45 days of continuous operation.

Quantum-safe communication is an increasingly pressing issue as large-scale quantum computers could break the cryptography used to secure transmissions.

~~~~~~~~~

This Week in AI: Digital Agents, Quantum AI and Spy Chatbots | Pymnts

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Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing - The Daily Hodl

~~~~~~~~~

Senate Urged to Swiftly Overturn SEC's 'Misguided' Crypto Rules – Regulation | Bitcoin News

~~~~~~~~~

US Elections: Stand With Crypto forms committee to support pro-crypto candidates | FinExtra

~~~~~~~~~

🚨*Ripple CEO Brad Garlinghouse Warns About A Blackswan Coming*🚨 | Twitter

He Discusses How The US Government Is Coming After Tether.

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Goldilocks Posts are Broken Down Weekly on Saturday Nights!

TONIGHT! Saturday Night Live Call with Freedom Fighter breaking down Goldilocks Posts from this Week, with Jester too!  Come join the call and learn what is happening with the new QFS!

SNL Call Link       Freedom Fighter's Bio

9 pm EDT / 8 pm CDT / 6 pm PDT

The Saturday Night Q & A room will be open an hour before the call and remain open during the call for Questions to be answered during the call at the end!

The calls are recorded and will be posted in the Archive room after the call

~~~~~~~~~

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Iraq Economic News and Points to Ponder Saturday Afternoon 5-11-24

Iraq Economic News and Points to Ponder Saturday Afternoon 5-11-24

The Exchange Rate Of The US Dollar Is Rising Again In Baghdad Markets

Economy |  05/11/2024   Mawazine News – Baghdad   Today, Saturday, the exchange rates of the US dollar witnessed an increase in Baghdad markets,

and dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 146,200 dinars per 100 dollars, while last Thursday, dollar prices recorded 145,700 Iraqi dinars per 100 dollars.

Regarding the selling prices in the exchange shops in the local markets in Baghdad, the selling price reached 147,250 dinars, while the purchasing price reached 145,250 dinars for every 100 dollars.https://www.mawazin.net/Details.aspx?jimare=247763

Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market

Economy | 05/11/2024   Mawazine News – Baghdad   MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.

Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”

She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill." Importing the latter, in addition to revitalizing neighboring regions and providing more job opportunities, not to mention supporting the governorates and financing service projects.”

She stated that "Iraq represents an important factor in stabilizing international markets in the energy file and increasing its production capacity is a step in the right direction, especially gas fields, in order to reach the stage of sufficiency."   https://www.mawazin.net/Details.aspx?jimare=247775

Minister Of Oil: Soon We Will Announce The Increase In Iraq’s Oil Reserves To 160 Billion Barrels

Economy |  05/11/2024  Mawazine News – Baghdad  The Minister of Oil, Hayan Abdul Ghani, confirmed today, Saturday, that the Iraqi oil reserves will soon be announced to rise to more than 160 billion barrels.

Abdul Ghani said, in his speech during the launching ceremony of the fifth supplementary licensing round and the sixth round, followed by Mawazine News, that “the supplement to the fifth licensing round and the sixth licensing round are part of the government program.”

He added, "Today, the Ministry is offering 29 promising projects within these licenses to advance industry and gas wealth."

He continued, "Licensing rounds have the effect of adding two million barrels of oil to national production," stressing that "these projects will provide job opportunities, stimulate the economy in those areas, and meet the growing needs for gas."

He stressed "the imminent announcement that Iraq's oil reserves will rise to 160 billion barrels."

https://www.mawazin.net/Details.aspx?jimare=247744

Brent Crude Rose Above $84 Due To Strong Demand

Saturday 11, May 2024 08:32 | Economical Number of readings: 203  Baghdad / NINA / Brent crude oil hovered above $84 a barrel after the release of data this week, indicating increasing demand in the United States and China, the largest consumers of crude in the world, while the raging conflict in the Middle East contributed to supporting prices.

By yesterday evening, according to Reuters, Brent crude futures rose 33 cents to $84.21 a barrel, while US West Texas Intermediate crude rose 42 cents to $79.68.

Crude oil inventories in the United States declined due to increased refinery work. This came at a time when data showed that China's oil imports in April were higher than last year's imports.

Chinese exports and imports returned to growth in April after contracting the previous month, indicating improved demand.

Attention will be focused on the US inflation data released next week, as it will affect the course of the Federal Reserve (the US central bank) regarding interest rates.

At the same time, it is increasingly likely that the European Central Bank will start cutting interest rates in June./End9      https://ninanews.com/Website/News/Details?key=1125816

Economist: Tax Revenues From The Private Sector Should Be 4 Trillion Dinars Annually

Economist Manar Al-Obaidi confirmed that “tax revenues from the private sector should be 4 trillion dinars annually.”

Al-Obaidi told Al-Iqtisad News, “There are more than 8 million economically active people working in the private sector, and based on the average monthly income being around 600 thousand dinars, the value of the revenues collected for people in the private sector amounts to about 4 trillion Iraqi dinars, taking an average of the income tax rate.” The monthly rate is 7%.

He pointed out that the value of the monthly tax that is supposed to be paid by economically active people in the private sector is approximately 280 billion Iraqi dinars, while the annual tax is approximately 3.5 trillion Iraqi dinars.

This does not include the income tax imposed on employees in the public sector and salaries amounting to 40 trillion dinars annually, with a tax rate of 7%, so it will be The amount of income tax from public sector employees is 3 trillion dinars.

He stressed that unfortunately there is no clear data on the amount of tax that is supposed to be achieved compared to what is achieved, but the tax alone is capable of generating revenues of a minimum value of 10 trillion dinars annually, and it may reach 15 trillion dinars. Views 46 05/11/2024 - https://economy-news.net/content.php?id=43326

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Provoking Thoughts and Points To Ponder on Character :

Generous people are rarely mentally ill people.  - Karl Menninger

When wealth is lost, nothing is lost; When health is lost, something is lost; When character is lost, all is lost!  - Anonymous

You must look into people as well as at them.  - Lord Chesterfield

Human improvement is from within outward.  - James Froude

Talent is nurtured in solitude; character is formed in the stormy billows of the world.  - Goethe

Only what we have wrought into our character during life can we take away with us.  - Wilhelm von Humboldt

Every man has three characters - that which he exhibits, that which he has, and that which he thinks he has.  - Alphonse Karr

Not in the clamor of the crowded street, Not in the shouts and plaudits of the throng, But in ourselves, are triumph and defeat.  - Henry Wadsworth Longfellow

Who knows nothing base, Fears nothing known.  - Owen Meredith

In men whom men condemn as ill I find so much of goodness still, In men whom men pronounce divine I find so much of sin and blot I do not dare to draw a line Between the two, where God has not. - Joaquin Miller

In this world a man must either be anvil or hammer.  - Henry Wadsworth Longfellow

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

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Iraqi Dinar Today Video Updates Saturday AM 5-11-24

Iraqi Dinar Today Video Updates Saturday AM 5-11-24

It's Massive WTO Big Announcement About IQD – 3:19

Finally IQD & Vietnamese Dong RV Happens 12 Hours On Forex – 3:02

PM Shia Al - Sudani Says Iraqi Dinar Massive Come Back Revaluation, Reinstatement Done – 4:08

US Treasury Confirmed New Exchange Rate Of IQD – 3:26

Its, Amazing Iraqi Dinar New Exchange Rate Announced – 3:23

Vietnamese Dong Latest Exchange Rate – 3:53

 It's Massive WTO Big Announcement About IQD – 3:19

https://www.youtube.com/watch?v=HBkczLEFdv0&t=62s

Finally IQD & Vietnamese Dong RV Happens 12 Hours On Forex – 3:02

https://www.youtube.com/watch?v=OMC3Ft8fi4k&t=87s

PM Shia Al - Sudani Says Iraqi Dinar Massive Come Back Revaluation, Reinstatement Done – 4:08

https://www.youtube.com/watch?v=pD309GkXA78

US Treasury Confirmed New Exchange Rate Of IQD – 3:26

https://www.youtube.com/watch?v=74XvvDDLzeA

Its, Amazing Iraqi Dinar New Exchange Rate Announced – 3:23

https://www.youtube.com/watch?v=pD7CnhnonbY

Vietnamese Dong Latest Exchange Rate – 3:53

https://www.youtube.com/watch?v=g_0A7y3vk0s