Could the Government Confiscate Your Gold when the Financial System Crashes?
Could the Government Confiscate Your Gold when the Financial System Crashes?
On June 2, 2024 By Awake-In-3D
Historical Precedents and Current Implications of Gold Confiscation Explained
The idea of gold confiscation by the government creates significant debate within the RV/GCR community, especially in the context of a potential collapse of the fiat currency system.
Could a scenario similar to the 1933 Executive Order 6102, which required the surrender of privately held gold, happen again today?
To answer this question, let’s examine the historical context of EO 6102, its actual impact, and whether such drastic measures could be realistically implemented in the modern financial landscape.
Could the Government Confiscate Your Gold when the Financial System Crashes?
On June 2, 2024 By Awake-In-3D
Historical Precedents and Current Implications of Gold Confiscation Explained
The idea of gold confiscation by the government creates significant debate within the RV/GCR community, especially in the context of a potential collapse of the fiat currency system.
Could a scenario similar to the 1933 Executive Order 6102, which required the surrender of privately held gold, happen again today?
To answer this question, let’s examine the historical context of EO 6102, its actual impact, and whether such drastic measures could be realistically implemented in the modern financial landscape.
In This Article
Historical Analysis of Executive Order 6102
Mechanics and Enforcement of the Order
Potential for Modern-Day Gold Confiscation
Comparative Legal and Economic Perspectives
In 1933, President Franklin D. Roosevelt issued Executive Order 6102, which mandated the surrender of most privately held gold to the U.S. government.
Historical Analysis of Executive Order 6102
Executive Order 6102 was issued during the Great Depression to address severe economic instability and a lack of confidence in paper currency.
Under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933, EO 6102 aimed to prevent the hoarding of gold, which was seen as a barrier to economic recovery.
The order required citizens to surrender gold coins, gold bullion, and gold certificates to the Federal Reserve by May 1, 1933.
Exceptions included up to $100 in gold coins and gold for industrial, professional, or artistic uses, as well as rare and collectible coins. In return, individuals received paper currency valued at $20.67 per ounce of gold.
Mechanics and Enforcement of the Order
EO 6102 is often described as a gold confiscation order, but it was more accurately a nationalization of gold.
The government offered compensation for surrendered gold, thus avoiding outright confiscation without remuneration. The public’s compliance was largely voluntary, driven by trust in the government, patriotism, and fear of penalties.
Despite the order, enforcement was relatively minimal.
Economist Milton Friedman and Anna Jacobson Schwartz estimated that only 20-25% of private gold was surrendered. The government did not aggressively pursue those who ignored the order, focusing instead on achieving compliance through public cooperation.
Potential for Modern-Day Gold Confiscation
Given the historical precedent set by EO 6102, could a similar order be issued today if the fiat currency debt system collapses? While it is theoretically possible, several factors make it less likely:
Legal and Political Climate: The current legal framework and political environment differ significantly from those in 1933. Any attempt to confiscate gold would face substantial legal challenges and political opposition.
Public Reaction and Compliance: Today’s public is more informed and potentially more resistant to such measures. Trust in government institutions is generally lower, making voluntary compliance less likely.
Economic Alternatives: Modern economies have diverse financial instruments and mechanisms to address monetary crises. Measures such as quantitative easing and other monetary policies can be employed without resorting to gold confiscation.
Global Financial System: The global financial system is more interconnected and complex. The impact of a unilateral gold confiscation by one country could have broader international repercussions, making it a less viable option.
Comparative Legal and Economic Perspectives
The legal basis for gold confiscation today would require substantial legislative action.
The original EO 6102 was supported by amendments to existing laws that granted extraordinary powers during a national emergency. Replicating such a framework today would necessitate new legislation or amendments to current laws, which could be a contentious process.
The Bottom Line
Executive Order 6102 did mandate the surrender of most privately held gold in 1933, but it was not an outright confiscation without compensation.
The context of the Great Depression and the legal framework at the time facilitated this extraordinary measure. In today’s complex and interconnected financial environment, a similar gold confiscation order is unlikely.
The potential for such an action would face significant legal, political, and public resistance, making it an improbable solution to a fiat currency debt collapse.
Contributing Reference Links:
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“Tidbits From TNT” Tuesday 6-4-2024
TNT:
Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors." link
TNT:
Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors." link
Tishwash: Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.
Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”
He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."
He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.” link
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CandyKisses: Sudani suspends after approving 2024 budget schedules
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani expressed, on Monday (June 3, 2024), his thanks and gratitude to the House of Representatives for its efforts that resulted in the approval of the budget tables.
Al-Sudani said, according to a statement by his media office, received by "Baghdad Today": "With more appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the budget tables for the year 2024 , related to Law (13 of 2023), the law of the "Federal Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025).”
He added: "We express thanks and appreciation for the efforts of the Presidency of the House of Representatives, political forces, parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented in the budget tables (A, B, C, D, E, and f)."
He continued: "We reaffirm the continuation of the implementation of the government program, which received the vote of the Council of Representatives and the support of political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations of our Iraqi people and their demands that the government wishes to fulfill."
He added: "On this occasion, we call on the House of Representatives and provincial councils to support the work of the government by following up on the legislative and oversight effort, which our government institutions with all their arms and bodies consider as a support for their work, an evaluation of the path, and a guarantee against corruption, deviation and failure, just as we pledged to our people that there is no place for procrastination, nor courtesy at the expense of people's interests, preserving public money, and implementing service in all its names."
"We ask the Almighty God Almighty for success and repayment to obtain His satisfaction, glory be to Him, and to obtain the satisfaction of our honorable people."
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Tishwash: Oil prices shock the markets and Brent falls to $77
Oil prices fell in early trading on Tuesday, continuing the losses of the previous session when prices fell to their lowest levels in four months, with investors concerned about increased supplies later in the year.
Brent crude futures fell 20 cents, or 0.3%, to $77.77 per barrel. Brent crude closed below $80 for the first time since February 7, after falling more than 3% yesterday, Monday.
US West Texas Intermediate crude futures fell 17 cents, or 0.2%, to $74.05, and closed near the lowest level in four months yesterday after falling 3.6%.
The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as the OPEC+ group, agreed on Sunday to extend most oil production cuts until 2025, but left room to gradually cancel the voluntary cuts by eight members starting in October.
Signs of weak demand growth have also weighed on oil prices in the past few months, with a focus on data on fuel consumption in the United States.
The average price of gasoline in the United States fell 5.8 cents to $3.50 a gallon yesterday, Monday, according to GasBuddy data. link
Mot ..... Just ASaying -- bet Noone will Notice this Un!!!! Almost summer
Mot: .. Dang - I LOL -- on dis un!!! Hummingbirds
“Coffee With MarkZ” Tuesday Morning Chat 6-4-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to a terrific Tuesday
Member: Mark, Is your range of June2-9 still valid?
MZ: I have a number of bond people that are expecting fully spendable money from this evening through Thursday. I had one that expected to get it last night – but they were bumped to this evening.
MZ: There are still different rates showing up on bank screens. A number of banking contacts have chimed in saying they are seeing the dong at $2.86. We don’t know if this is a place saver. But am hopeful this is the rate on it. They are seeing IQD over $4+
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to a terrific Tuesday
Member: Mark, Is your range of June2-9 still valid?
MZ: I have a number of bond people that are expecting fully spendable money from this evening through Thursday. I had one that expected to get it last night – but they were bumped to this evening.
MZ: There are still different rates showing up on bank screens. A number of banking contacts have chimed in saying they are seeing the dong at $2.86. We don’t know if this is a place saver. But am hopeful this is the rate on it. They are seeing IQD over $4+
Member: Any rate on the Bolivar?
MZ: The most prevalent rate they are seeing is about $27 grand for a million bolivar. We will see when we exchange.
Member: So each bolivar could be worth .27 cents or so…..that’s great!
Member: I would take that in a heartbeat!!!
Member: When do we expect our currencies to be gold/asset backed?
MZ: It’s supposed to happen at the same time. If not, If we exchange into fiat…we are going to have to move our funds into assets quickly.
Member: MARK Z is it true the Budget has nothing to do with the rate. It’s dependent on oil?
MZ: Yes and no….in the budget they left a mechanism for a revaluation based on rates and oil production. ….They can do the budget without the rate change- does it make sense to do that? NO….because they have been running over a 30% deficit each year. .
Member: It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal. If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday?
MZ: Exactly. You have it nailed down. At this point we are expecting it to be published in the Gazette tomorrow or Saturday.
Member: Prime Minister Mohammed Shia Al-Sudani said that international organizations have reached a positive performance evaluation about Iraq that supports stability.
MZ: Yes they keep talking about the abundance that will come and lift up all the people of Iraq. There is a mechanism to RV in the budget. And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat……we will see This contact works in the government in Iraq.
Member: Iraq Sec. Gen. Of the HOR (House of Representatives) Sends The approved budget schedules to the ministry of Justice.??? Gazette time?
Member: The contract expires between the US and Saudi for purchasing oil with USD this Sunday? This could be a momentous event!!!
Member: I hope the deal between Saudi Arabia and the U.S. could be the event that gets things going?
Member: Dr Scott even said it would be 2 or 3 days after the June 9th before the effects delivers the big blowout
MZ: A lot of folks are calling for the Black Swan to hit Sunday night the 9th.
MZ: Got a short bank story for you. “Went to the bank today (Wells Fargo) and decided to ask about the RV. The banker admitted to knowing about it and said he even owned dinar himself and said he has been in this about 12 years waiting. He did not predict when it would happen just said to be prepared.
MZ: I liked that they had an open conversation with the bank and was a currency holder. They know because they are training for it.
Member: Got a book from bank out lining accounts, required to prevent terrorism, deal w/ foreign currency and certain accounts are for wealth management clinics..never received anything like it before.
Member: My Wells Fargo authenticated my currency last week and said it was happening soon
Member: I went to my credit union and asked if they exchange foreign currency. She said no and directed me to WF. She said she had sent other members to WF too.
Member: Talked to a board member of our credit union as it was closed for 3 days including Zelle for software update. I asked her if this is the quantum financial system and she said yes.
Member: Supreme Court Ruling: State sponsored Banks can Disband from The Federal Reserve System and Issue their Own Currency https://thesilverindustry.substack.com/p/supreme-court-ruling-state-sponsored
MZ: This is big news. “ $517,000,000,000 Billion in unrealized losses hit US banking system: FDIC says 63 lenders are on the brink of insolvency” Think about that. If 63 banks go down and the Fed has less than a $100 + billion dollars to bail out banks- What money is left in case of a crisis? This is sapping liquidity out of the banks. Things are getting ugly.
Member: Bring on the crash….lefts have the new QFS system start up…we are ready
Member: Mark, anything on zim holders having to go to a military base to exchange? . Was talked about years ago.thanks for everything you do.
Member: That would be a safe place to exchange. Hope the rumor is true.
Member: Don't try to rush progress. Remember -- a step forward, no matter how small, is a step in the right direction. Keep believing.
Member: Mark thanking you and Zester and all Mods for all you do, yall do a fantastic job
Member: Thank you for your service Mark! It’s been an honour to be aligned with you on this journey! The tiredness is real however the joys and celebrations will be overflowing!
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
News, Rumors and Opinions Tuesday AM 6-4-2024
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 Tues. 4 June 2024
Compiled Tues. 4 June 2024 12:01 am EST by Judy Byington,
Black Swan Event:
Global Financial System Implosion Expected Around Sun. 9 June When Petrodollar Ends.
Gold To Kill The Fed.
Judy Note – The Storm: On Sunday 9 June 2024 the ending of the Petrodollar was expected to trigger a Black Swan Financial Event via a Global Financial Crash – that would usher in a Global Currency Reset to gold/asset-backed currencies of 209 nations. This would take away the Cabal’s control of the World’s Financial System that has been present since 1918 and give The People’s tax monies back to The People.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 4 June 2024
Compiled Tues. 4 June 2024 12:01 am EST by Judy Byington,
Black Swan Event:
Global Financial System Implosion Expected Around Sun. 9 June When Petrodollar Ends.
Gold To Kill The Fed.
Judy Note – The Storm: On Sunday 9 June 2024 the ending of the Petrodollar was expected to trigger a Black Swan Financial Event via a Global Financial Crash – that would usher in a Global Currency Reset to gold/asset-backed currencies of 209 nations. This would take away the Cabal’s control of the World’s Financial System that has been present since 1918 and give The People’s tax monies back to The People.
Timing: (Rumors/Opinions)
On Sun. 9 June 2024 Black Swan Event Expected as the Petrodollar Ends and Global Financial System implodes since there was no longer a need for nations to hold US Treasuries as the Global World Reserve Asset in oil trade. The U.S. Treasury bond market is funded off the World needing dollar reserves aka bank derivatives (off balance sheet dollars). When the Petrodollar ends on June 9th, there is no need for the world to hold U.S. Treasuries as the global world reserve asset in the oil trade. The Japanese Yen will hyper-inflate against their U.S. Treasury holdings. Japan will be forced to liquidate all their dollars
Global Currency Reset: (Rumors/Opinions)
Mon. 3 June 2024 TNT Tony: “It was supposed to happen Saturday night, but then it was to happen on Sunday due to a hiccup, and it is supposed to happen tonight. So the real deal is that it did not go on Sunday, because the finance committee did not do their part in Iraq, did not do their vote. There was a small hiccup. But as I have sent out on Twitter, the vote has gone through the finance committee and vote has gone through the House of Representatives. Those are the things we wanted to see.
We are hoping to see a rate, we know there is a new rate, and we know it is going through. All banks are HIGH HIGH alert.
They were told yesterday, but it took some time, as some bank contacts called me last evening and some in the morning, that they were all put on high alert starting last night through Thursday morning.
They said by Thursday morning, definitely, you are going to have people walking in your door, a bunch of brand new customers (that was yesterday). Talking to them today, they do have pending rates and some of them are saying we are waiting right now to be notified of the release of the 800 numbers. Let’s hope it happens.
Federal Reserve said they were just called in within the last hour. Everyone is to report to their station. Right now as we speak. With all this excitement, everything is pending, and I will give praise where praise is due
Ray has been telling you guys about the Venezuelan Bolivar, rate predictions, right now, rate prediction for Bolivar on screen right now is 0.36 and is climbing. Ray predicts between 22 and 55. It is at 0.36 and climbing right now. It is on the bank screen at this time.
Today is a good day. We have nothing to do but wait for the announcement. They are passing out money in Iraq. Activating projects. We are at a good time we just have to wait. Not sure if it is 72 minutes or 72 hours. The rate has not been announced the rate there yet, but maybe they wait till Wednesday for the Gazette. But everyone I talk to they say they are trying to go anytime now.
But we are there. The rates are good. Everyone is excited. So I hope you guys are ready.”
On Mon. Evening 3 June 2024 the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it.
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Mon. 3 June MarkZ: “The Iraqi Parliament passed the budget today. Folks are geared up for this week. I have been told by a number of them that they are ready and positioned.”
Fri. 31 May Wolverine: “I received an official notification from Brazil that confirmed the release order for Colombia, USA, Brazil. The representative of the Columbian project manager begins with his delivery protocols to his Tier4B. Leading representative internet group starts in June. I received another message from a very strong contact, a Whale, from Zurich, saying he got the same message. Reno – I have been told, is about to kick off. So by next week, everything will be looking beautiful. The foundations are all funded. They are ready to go. This is not a rumor. This is fact that is coming through.
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Global Financial Crisis:
Mon. 3 June 2024: Multiple NYSE stocks have now been halted on volatility due to a technical issue. Berkshire Hathaway stock is currently down 99.97%.Warren Buffet just lost 99% of his wealth “due to a glitch in the Matrix.” Down $135B
Mon. 3 June 2024 FDIC Says 63 Lenders on Brink of Insolvency. https://dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/
Mon. 3 June 2024: BOMBSHELL!!! GOLD WILL KILL THE FED, SILVER WILL BURY IT: How Basel III and IV Will Ignite the Precious Metals Market! – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/06/04/restored-republic-via-a-gcr-update-as-of-june-4-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Deepwoodz Question: "Don't they have a deadline for these budget things by June 9th?" I think June 9th was slated as the end of their legislative session post extension. Time will tell as to the importance of it.
Militia Man They're talking about a massive deficit...$210 trillion budget...It's insane. They don't have that kind of money. What are they doing? Now they're going to increase it?!?...And these guys have it on "agenda for a confirmed and imminent completion" of it [the budget]. There's something up folks because 1310 doesn't work.
LIVE! Vast Debt Expansion And Currency Devaluation WILL FURTHER DISTORT Asset Prices.
Greg Mannarino: 6-3-2024
Wave Of Central Bank Rate Cuts This Month, ‘Black Swan’ Still Looms | Axel Merk
David Lin: 6-3-2024
Axel Merk, CIO and President of Merk Investments, discusses the "signs of weakness" the economy is showing, as well as the impact of lower central bank policy rates on markets.
0:00 – Intro
1:22 - Recession is 'black swan'?
7:55 - Fiscal policy and deficit
9:46 - Inflation and market reaction
13:19 - Central bank cuts
15:30 - Economic risks
17:30 - Outlook on stocks
22:00 - Gold and gold stocks
MilitiaMan: IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dollar trade by the CBI
IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dollar trade by the CBI
MilitiaMan and Crew: 6-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
https://www.youtube.com/watch?v=c1gPmW8NWas
IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dollar trade by the CBI
MilitiaMan and Crew: 6-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
KTFA Tues Night CC: “FRANK26….6-3-24…..WEDNESDAY UB2B
KTFA
Tuesday Night Conference Call
FRANK26….6-3-24…..WEDNESDAY UB2B
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#
KTFA
Tuesday Night Conference Call
FRANK26….6-3-24…..WEDNESDAY UB2B
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#
It’s Vital That You Keep These 7 Financial Documents Forever
It’s Vital That You Keep These 7 Financial Documents Forever — Here’s Why
Vawn Himmelsbach Mon, June 3, 2024
Many of us have piles of papers we’re saving "just in case,” probably gathering dust somewhere.
While some of those documents could probably head straight to the shredder, there are others that you should keep forever — and preferably not in a cardboard box in the basement.
But sometimes we just don’t know what we need to keep (and for how long), and what we can safely get rid of.
Here are seven financial documents you shouldn’t get rid of (ever) — and why.
It’s Vital That You Keep These 7 Financial Documents Forever — Here’s Why
Vawn Himmelsbach Mon, June 3, 2024
Many of us have piles of papers we’re saving "just in case,” probably gathering dust somewhere.
While some of those documents could probably head straight to the shredder, there are others that you should keep forever — and preferably not in a cardboard box in the basement.
But sometimes we just don’t know what we need to keep (and for how long), and what we can safely get rid of.
Here are seven financial documents you shouldn’t get rid of (ever) — and why.
7 Documents You Should Never Lose
1. Birth certificate. Your original birth certificate (or adoption papers) is used to prove your age at various life stages, such as obtaining a driver’s license or applying for Social Security benefits. It will also help your family obtain a death certificate when the time comes.
2. Social Security card. You need the nine-digit number on this card to get a job, rent an apartment and collect government benefits, and you may need it to open a bank account or apply for a credit card. The Social Security Administration (SSA) recommends keeping your card in a safe place and only sharing your number when required.
3. Marriage license. Your marriage license affirms that you and your spouse did, indeed, get married. This can come in handy if you want to claim a Social Security spousal benefit in retirement.
4. Divorce records. Your settlement agreement includes the division of marital property and the terms for child and/or spousal support, so you’ll want to hang onto that. Plus, if you were married for 10 years or more (and aren’t remarried), you may be able to claim Social Security benefits based on your ex’s record.
5. Loan payoff statements. This is important if you’ve negotiated a settlement that’s less than the original debt. That’s because if the debt is sold to a debt collector, the new debt collector may not have a copy of the documentation proving that you settled under those terms.
To Read More:
https://www.yahoo.com/finance/news/vital-keep-7-financial-documents-110000136.html
Iraqi Dinar Video Update Late Monday Evening 6-3-24
Iraqi Dinar Video Update Late Monday Evening 6-3-24
Iraqi Dinar Massive Exchange Rate – 3:21
Central Bank Of Iraq Fixed IQD New Exchange Rate – 3:43
Iraqi Dinar Chase Bank Announced IQD New Rate – 4:22
This Is Good News For IQD Holder's – 6:40
Iraqi Dinar✅Huge Revaluation 2024 – 6:16
Iraqi Dinar Video Update Late Monday Evening 6-3-24
Iraqi Dinar Massive Exchange Rate – 3:21
Central Bank Of Iraq Fixed IQD New Exchange Rate – 3:43
Iraqi Dinar Chase Bank Announced IQD New Rate – 4:22
This Is Good News For IQD Holder's – 6:40
Iraqi Dinar Huge Revaluation 2024 – 6:16
Iraqi Dinar Massive Exchange Rate – 3:21
Central Bank Of Iraq Fixed IQD New Exchange Rate – 3:43
Iraqi Dinar Chase Bank Announced IQD New Rate – 4:22
This Is Good News For IQD Holder's – 6:40
Iraqi Dinar Huge Revaluation 2024 – 6:16
Iraq Economic News and Points To Ponder Monday Evening 6-3-24
Iraq Economic News and Points To Ponder Monday Evening 6-3-24
Union Of Arab Banks: Iraq Is A Pioneer In Electronic Banking Services
June 3, 2024 Baghdad/Iraq Observer The Union of Arab Banks confirmed today, Monday, that Iraq is a pioneer in electronic banking services, while noting that the Iraqi banking sector is ancient and its role is vital in economic development.
The Secretary-General of the Union of Arab Banks, Wissam Fattouh, said,
“There is deprivation from dealing in the dollar, not sanctions, because sanctions mean inclusion on the sanctions list,” pointing out that
“the effect of deprivation is almost equivalent to sanctions because it is difficult for banks to operate without the dollar currency, which represents... Currency of international trade. Fattouh added,
“The Iraqi banking sector is an ancient sector and has a history, as its total assets amounted to 157.9 billion dollars, and even its deposits amounted to more than 100 billion dollars.”
Iraq Economic News and Points To Ponder Monday Evening 6-3-24
Union Of Arab Banks: Iraq Is A Pioneer In Electronic Banking Services
June 3, 2024 Baghdad/Iraq Observer The Union of Arab Banks confirmed today, Monday, that Iraq is a pioneer in electronic banking services, while noting that the Iraqi banking sector is ancient and its role is vital in economic development.
The Secretary-General of the Union of Arab Banks, Wissam Fattouh, said,
“There is deprivation from dealing in the dollar, not sanctions, because sanctions mean inclusion on the sanctions list,” pointing out that
“the effect of deprivation is almost equivalent to sanctions because it is difficult for banks to operate without the dollar currency, which represents... Currency of international trade. Fattouh added,
“The Iraqi banking sector is an ancient sector and has a history, as its total assets amounted to 157.9 billion dollars, and even its deposits amounted to more than 100 billion dollars.”
Therefore, this sector is important and its role is vital in economic development in the heart of the country.”
He stressed “the necessity of applying international standards, especially with regard to the standards and laws in force to combat money laundering and terrorist financing.” He pointed to
“involving the strategy between the Union of Arab Banks and the Association of Iraqi Private Banks, to reach this truly desired goal, and to train and qualify Iraqi cadres in particular.” He pointed out that
“there has been a great partnership between Iraq and the United States of America for decades and trade exchange, especially after Prime Minister Muhammad Shiaa Al-Sudani made the important historical visit to the United States of America.” He noted that
“the biggest role today is how to protect the Iraqi banking sector, and that trade exchange actually takes place through Iraqi banks and not through other banks.” He continued,
"Iraq is very advanced in electronic banking services, and the challenge today facing the Iraqi banking sector remains the challenge of compliance." https://observeriraq.net/اتحاد-المصارف-العربية-العراق-رائد-في-ا/
Declaration Of Function
June 02, 2024 The Central Bank of Iraq announces the opening of contract employment for the position of cash examiner, provided that applicants for these positions are in accordance with the conditions stated later, with the offer that application will be exclusively via the electronic link:
Conditions for submitting the form:
The applicant must be of Iraqi citizenship.
The applicant must not have been convicted of a crime against honor or trust.
The applicant must have completed eighteen years of age and not exceed twenty-five years.
He must have a certificate (preparatory/intermediate). The application will be ignored if it is proven that the applicant holds a certificate higher than the position for which he is applying.
directions:
Submission will be from Sunday, 6/2/2024, until the end of official working hours on Thursday, 6/6/2024.
It is preferable to use the chrome browser when submitting the form.
Important notes:
The applicant for the job will be ignored in the following cases:
Applying for a job outside his governorate.
The application will be ignored if submitted twice by the same person for any reason.
The application will be ignored if there is a difference between the information entered and the information of the attached documents.
Applications that do not meet the conditions listed above will be ignored.
All information provided by you is subject to audits by the relevant authorities.
Note that the applicant will undergo a test to accept the job.
Form link https://shorturl.at/f4E8W https://docs.google.com/forms/d/e/1FAIpQLSdp-ur9sqLJOkrWmGm3KhhoqehJL2cLcrOFSTQ0dgnHgJpWEg/viewform
Form code https://cbi.iq/news/view/2597
Stop Entering The Foreign Currency Buying And Selling Window
June 03, 2024 It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying and selling window
~~~~~
[partial and approximate translation of https://cbi.iq/static/uploads/up/file-171741265259795.pdf]
All approved banks
And/stop entering the foreign currency buying and selling window
The details of the suspension of listed companies are provided in the attached table below which begins In sequence (1- Naseem Al-Thalooj General Trading Company) andending in sequence (1171- Company Al-Yaqout General Trading Buildings)» from entering the window for buying and selling foreign currency.
To act accordingly. With appreciation.
[signature] 2024/5/30
[See 7 pages of list of 198 businesses in https://cbi.iq/static/uploads/up/file-171741265259795.pdf]
:diamonds: To view the titles and list of companies... click here
Central Bank Of Iraq Strategy: A Strong Boost To The Private Sector And Labor Market
Last updated: June 2, 2024 ndependent/- The Central Bank of Iraq’s bank lending strategy 2024-2029 is an important step towards developing the private sector and stimulating the national labor market.
This strategy aims to increase the credit granted to the private sector and small and medium enterprises, which will contribute to financing new projects in various sectors.
Strategy objectives:
Increasing credit granted to the private sector: The strategy aims to increase credit granted to the private sector by 4% of non-oil GDP by 2029, equivalent to 7 trillion Iraqi dinars.
Supporting small and medium enterprises: The strategy aims to increase the credit granted to small and medium enterprises by 3% of non-oil GDP by 2029, equivalent to 5 trillion Iraqi dinars, which will contribute to financing approximately 100,000 projects.
Improving the business environment: The strategy aims to improve the business environment and attract more local and foreign investors.
Unifying private sector development efforts: The strategy aims to unify private sector development efforts and coordinate them among concerned parties.
The importance of the strategy:
Creating job opportunities: The strategy contributes to creating new job opportunities for Iraqi youth.
Developing the productive and service sectors: The strategy contributes to the development of the productive and service sectors in Iraq.
Stimulating economic growth: The strategy contributes to stimulating economic growth and enhancing financial stability.
Everyone's responsibility:
Financial experts and specialists stress the importance of the combined efforts of all stakeholders for the success of this strategy.
The government, banks, investors, and Iraqi youth must work together to achieve the goals of this strategy and create a better future for Iraq. https://mustaqila.com/ستراتيجية-البنك-المركزي-العراقي-دفعة/
Growth Rate Of Bank Accounts In Iraq
June 02, 2024
The Central Bank of Iraq announced the growth rates of bank accounts for the past years, starting from the year 2018 and ending in the year 2023, which shows the growth rates during the aforementioned period and according to the attached chart. https://cbi.iq/news/view/2599
Central Bank of Iraq information Office June 2, 2024
Growth rate of bank accounts in Iraq Clip_image004 https://cbi.iq/static/uploads/up/file-171732391294036.jpg
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder on Advice
Never give advice in a crowd. - Arab proverb
Never give advice unless asked. - German proverb
Whatever advice you give, be short. - Horace
Old men are fond of giving good advice, to console themselves for being no longer in a position to give bad examples. - La Rochefoucauld
We give advice, but we do not inspire conduct. - La Rochefoucauld
Good counsel has no price. - Guiseppe Mazzini
Never advise anyone to go to war or to marry. - Spanish proverb
Many receive advice, only the wise profit by it. - Syrus
Admonish your friends privately, but praise them openly. - Syrus
Monday Evening News with MarkZ 6-3-2024
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hey Mark and family...so good to see you!
Member: Yaaay …I hear Iraq passed their budget….Come on new rate!!!!
Member: news is awesome today…. rate change around the corner!!
Member: TNT says banks screens are showing $.36 cents on the bolivar
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hey Mark and family...so good to see you!
Member: Yaaay …I hear Iraq passed their budget….Come on new rate!!!!
Member: news is awesome today…. rate change around the corner!!
Member: TNT says banks screens are showing $.36 cents on the bolivar
MZ: We are seeing some crazy things. A few of my banking contacts saw the same. Indonisia is popping up at about $1.36….they were showing a little over $4 for the dinar….over $3 for the dong….we are seeing some crazy stuff
MZ: Also seeing crazy prices for bond folks. Some Buyers are looking for German bonds right now-they are in demand
MZ: Also some bond folks that had appointments scheduled last week…were moved to today and tomorrow. And I still have 1 or 2 contacts that have disappeared- goes straight to voicemail….I am hoping they got paid ….but don’t know.
Member: Lets hope they are out celebrating getting paid for sure……and under NDA’s.
MZ: My bond folks very much believe this is their week!. Finally. But have not heard anybody have gotten dollars yet. But I am watching it.
Member: Have any groups been paid yet?
MZ: I do not think so….but they are positioned and ready for them to go
Member: I feel like it all goes together EBs, rv, GCR we get our currency exchanged then swapped to gold backed currency of native countries.. then it’s equal one to one anywhere
MZ: I have been unable to find a complete copy of Iraq’s budget that was passed to look fof a rate. I do not think the new rate is in the budget that was passed today…..yet. They have the mechanism for changing the rate in there though. So they can do that rate change at anytime.
MZ: They are still showing the official rate of 1310…..It happened like this in Kuwait also….that although they had started the RV process. Kuwait was still showing the official rate for awhile.
MZ: Sudani said in an article that this will be a time of abundance for the Iraqi people….
Member: Maybe they are waiting to put the new rate in the Gazette- either Wed or Sat?
MZ: That is very possible.
Member: Thank you mods for helping out MarkZ every single pods cast …much appreciated!!
Member: Let’s all say that June is going to be our month…..and believe it.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
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GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraqi Dinar Today Video Update Monday Afternoon 6-3-24
Iraqi Dinar Today Video Update Monday Afternoon 6-3-24
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 3:15
It had been Finally Announced – 3:43
Powerful Float Iraqi Budget Update – 3:51
Congratulation Wells Fargo Bank IQD Big Exchange Rate Great At $5.10 US Dollar – 4:08
Central Bank Of Iraq Realsed $4 To $5 – 5:38
Iraqi Dinar Today Video Update Monday Afternoon 6-3-24
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 3:15
It had been Finally Announced – 3:43
Powerful Float Iraqi Budget Update – 3:51
Congratulation Wells Fargo Bank IQD Big Exchange Rate Great At $5.10 US Dollar – 4:08
Central Bank Of Iraq Realsed $4 To $5 – 5:38
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 3:15
It had been Finally Announced – 3:43
Powerful Float Iraqi Budget Update – 3:51
Congratulation Wells Fargo Bank IQD Big Exchange Rate Great At $5.10 US Dollar – 4:08
Central Bank Of Iraq Realsed $4 To $5 – 5:38