More News, Rumors and Opinions Tuesday PM 6-18-2024

TNT:

Tishwash:  International Finance: Economic reform in Iraq is witnessing an increasing pace and we have invested about two billion dollars

The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir told the Iraqi News Agency (INA): “The work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest approximately two billion dollars in a wide range of sectors,” noting that “our work in Iraq will extend our belief in the future prospects of Iraq and the acceleration of the pace of reform.”

"This will be reflected positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sectors."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services. Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq, in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.” For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.”  link

************

CandyKisses:  Urgent The first official holiday of its kind in Iraq next Tuesday

{Local: Al-Furat News}

On Tuesday of next week, Iraq will witness the first official holiday of its kind in the country.

June 25 falls on the 18th of Dhu al-Hijjah, and will be an official holiday in the Iraqi provinces on the occasion of Eid al-Ghadir, which was recently approved by parliament.
A member of the parliamentary legal committee, Aref Hamami, said that "the holiday will include all Iraqi provinces, including the Kurdistan region" as a federal holiday.

The Alawite holy shrine in Najaf has begun preparations to celebrate Eid al-Ghadir.
It is noteworthy that the House of Representatives voted on the law on public holidays on May 22, which includes about 11 days a year, as well as public official holidays, which are Friday and Saturday, with the authority of the Council of Ministers to cancel the Saturday holiday when necessary.

The official holidays law, which was voted by parliament, includes, Friday and Saturday as official holidays throughout Iraq, in addition to Eid al-Fitr and al-Adha, Labor Day, Eid al-Ghadir, the 10th of Muharram, the first of Muharram, the Prophet's birthday 12 Rabi' al-Awwal, New Year's Day, Army Day 6 of January, Nowruz 21 March, and 16 March was added at the last moment, which is the day or anniversary of the Halabja tragedy.

The law also granted some "dedicated" public holidays, i.e. not public, to minorities, including Jesus, Sabians and Yazidis.

The law also included the deletion of important and detailed occasions in the history of Iraq and Iraqis, including July 14, which is the anniversary of the fall of the monarchy and the founding of the republic, and two important occasions were not included in the law and were deleted, which is December 10, the anniversary of the victory over ISIS, as well as the Iraqi National Day on the third of October, which is the anniversary of Iraq's accession to the League of Nations and its official recognition as a state.

The Day of Ghadir is the eighteenth day of the month of Dhu al-Hijjah of the tenth year of the Prophet's migration, and it is the day on which the greatest Prophet Muhammad (peace be upon him) Ali bin Abi Talib (peace be upon him) was appointed successor after him.

************

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

Militia Man   All we're looking for now, to some degree, is when are they going show these amendments to be law.  We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it?  Do we know the exact day he received it?  I don't.   But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate. 

6-18-2024   Intel Guru Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Oil experts are saying Saudi Arabia did not resign up their agreement to deal oil in US dollars.  It was an 80 year agreement...They're telling us Iraqi citizens on our television this will strengthen the local currency.  Basically they're saying that it is a float of the Iraqi dinar that is helping us get away from the American dollar so the Iraqi currency will be stronger.  FRANK:  The next step is to float.

BRICS Overtake EU: What Next?

Fastpo:  6-18-2024

In 2024, BRICS+ has significantly expanded its membership, including nations such as Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.

 This expansion enhances the bloc's economic and demographic influence on a global scale. Collectively, BRICS+ now accounts for about 37.3% of the global GDP and represents 46.5% of the world's population.

Before the inclusion of new members, the original BRICS countries had a combined GDP of $27.7 trillion, or 26% of the global GDP.

With the new additions, this figure rises to approximately $30.8 trillion, pushing their share of the global GDP to around 29%.

Moreover, in terms of purchasing power parity (PPP), the expanded BRICS now accounts for over 36% of global GDP, surpassing the G7's share.

This video delves into the contrasting approaches of the EU and BRICS, exploring how the EU's environmental and sustainability initiatives stack up against the economic ambitions of BRICS.

We examine how these differing priorities are likely to shape the future of international economic cooperation and efforts towards global sustainability.

https://www.youtube.com/watch?v=0tHPyNvfa2w

Tuesday Evening Chat with MarkZ 6-18-2024

Tuesday 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: Happy Taco Tuesday…..or maybe its Terrific Tuesday?

Member: Live from Puerto Rico it's time for the master of the nothing burgers and the holder of the golden egg shirt it's time for the Z man Mark Z and his golden egg bunch

'Member: I m really hoping that Mark's military contacts are correct about this "whole" thing being over by the 4th!! It would make sense to celebrate our new country on that day

Member: Indepedance Day would be good for rv

Member: Still hoping for sooner than that.

Member: What is the significance of June 23rd?

MZ: Good Question. Why do I have so many bankers from different banks across the US expecting something major to do with the US dollar to happen on the 23rd? I don’t know. But even people in Iraq are looking at specifically around that time period as well.

Member: Bo Polny thinks the Banks will be going down Thursday

MZ: What is the Fed doing on the 24th of this month?  They have an open meeting on foreign exchange rate at 4:15 PM . They will be discussing foreign exchange rates.

Member: And the Federal Reserve Board announces the results from its annual bank stress tests on Wed. June 26th at 4:30 edt.

MZ: This is all interesting timing as we hear about changes happening on the 23rd.

Member: do you think Iraq will put the dinar on forex with only a NEER (Nominal Effective Exchange Rate)  and then float? Or Immediately apply the REER  (Real Effective Exchange rate) as well?

MZ: No, I do not think we will see the Iraqi dinar float. I believe they have been clear they want to retain value and peg it to assets. But, I could be wrong.

Member: Frank who says it will float but that's because he thinks Iraq is the only country who is RVing

MZ: I did hear more from Iraq sources today confirming about the ATM installations and training.

Member: so mark with Iraq putting ATM out frank said 10000 an troops guarding them wouldn't think we days ….not weeks or months away.

MZ: I do know of a few bond contacts who were again updating final contracts. I hope we hear more news on that soon.  This hurry up and wait is frustrating.

​​ MZ: I have multiple sources who have US Treasury based sources .who are purposely sowing different information to different people like groups ect…..the logical conclusion is they are trying to cloud the timing. They have ramoed rumors up the last few days.

Member: I wish everyone would stop asking when, when. No one is going to know ahead of time. Everyone will know together at the same time. I feel every time someone gives a date it delays the rv.

MZ: I do have a fun bank story. “A person went into the bank to ask questions. The banker said they were aware of the coming change with foreign currencies …but we are not exchanging at this location. He said We are doing it at a location in this region , but I am not allowed to tell you which location yet.

MZ: I thought this was great….coming from one of the top banks.

Member: Went Canada trust bank . They exchange Kuwaiti dinar but not Iraq dinar. However they are installing new bank machine.

Member: Mark…After the RV. ! How many days do you think we will have to exchange currencies? 30- 60- 90 days?

Member: He used to say at least 30 days….guess we wait and see.

Member” Happy Juneteenth tomorrow folks.

Member: Banks and mail should be closed tomorrow.  

Member: On Mon Sudani  (allegedly) announced on TV that before the end of the holiday June 19 Iraq will have a new rate.

Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE!

Thank you Mark for all the time and effort you spend keeping our family together. God Bless

​​“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

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

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=xRkmh8bRkTg

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Good Evening Dinar Recaps,

The New International Valuation Standards (IVS) will become effective January 31st, 2025.

The latest version includes new chapters on:

* Data & Inputs,
* Documentation,
* Financial Instruments.

"The International Valuation Standards (IVS) are a framework used by valuation professionals in over 100 countries to ensure consistency, transparency, and confidence in valuations."

The most significant changes will result in Data Models and Money Flow by which these new mechanisms will move payments through new Digital Networks.

New valuations in currency values are part of these valuations due to new ways of doing business around the world involving the use of Local Currency over a World Reserve Asset.

The currency valuation adjustments that take place between now and then on the markets, however distorted they may get during this time, will help give rise to New Market Data that will go into the computations of these new standards.  IVSC   IVSC Standards Glossary   Linkedin

© Goldilocks
~~~~~~~~~

"CHANGES TO OCC’S MERGER RULES ARE DESPERATELY NEEDED TO PROTECT THE FINANCIAL SYSTEM AND MAIN STREET AMERICA FROM TOO-BIG-TO-FAIL BANKS"

We have seen several Bank mergers the last few years, but the pace of these mergers is about to really pick up between now and the end of this year.

Did you know since the 1980s that the number of banks has declined around 70%? The anticipation of a new monetary system has been in the works for some time.

The Office of the Comptroller of the Currency (OCC) is currently working on closing loopholes, so clients in our banking systems can have better protection as we approach a deepening of the new Digital Banking System transition.  Better Markets

© Goldilocks
~~~~~~~~~

Vietnam has golden opportunities to develop silver economy: expert-Xinhua

Vietnam has an aging population that will diversify their economy and expand it. Not only do they have an opportunity to grow through infrastructure opportunities, but they have the opportunity to grow inside an aging population that will engage their medical service opportunities as well.

These two aspects of Economic Development will go a long way in moving the demands of their currency to higher levels going forward.  English News

© Goldilocks

~~~~~~~~~

Vietnam's outperformance relative to peers is a good news story that doesn't get enough notice. Like China, it is a communist country that has embraced enterprise and growth. Others should study its method for success.
My first Uber was in Hanoi. Vietnam welcomes trade, commerce, and innovation.  Twitter

~~~~~~~~~

~~~~~~~~~

Vietnam is moving on up..

It looks like their Market Status is becoming a reality. | Youtube

~~~~~~~~~

Hello, World!

Watch “Webinar: Latest changes to the International Valuation Standards (IVS) - February 2024” on #Vimeo | Vimeo

~~~~~~~~~

Tokenization May Provide Global Markets With More Efficiency, According to SEC Commissioner | DailyHodl

~~~~~~~~~

Speech by Governor Bowman on innovation in the financial system - Federal Reserve Board

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-18-24

Iraq Economic News and Points To Ponder Tuesday Afternoon 6-18-24

The Sudanese Advisor Reassures: Iraq Is Safe From Any Financial Risks

Economy | 07:23 - 06/17/2024   Baghdad - Mawazine News  Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.

Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” indicating that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which It is considered one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added, "Managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows."

He stated that "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism."

He stated that "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations." https://www.mawazin.net/Details.aspx?jimare=249866

Oil Clarifies The Details Of The Memorandum Of Understanding Signed With The American Honeywell

Posted On06-18-2024 By Sotaliraq  The Ministry of Oil explained the details of the memorandum of understanding signed with the American company Honeywell to develop refineries, and while it indicated the Prime Minister’s directive to prepare a study to establish a pipeline network adjacent to the development road, it revealed projects that will enter service soon related to raising refining capacity.

Deputy Minister of Oil for Refining Affairs, Hamid Al-Zobaie, said, “There is a memorandum of understanding signed by the Minister of Oil under the auspices of the Prime Minister with Honeywell, which is one of the large specialized companies with extensive work in all activities,” noting that “a workshop was held with the company.” Concerning refinery activity.”

Al-Zobaie explained, “The memorandum that was signed aims to develop projects for developing refineries and to meet what was directed by the Prime Minister regarding the refinery capacity reaching 40 percent of the crude oil production capacity,” noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to To raise financial returns and thus support the national economy.”

He pointed out that “7 projects were discussed regarding refineries, with a capacity of 70 thousand barrels for each project, in the governorates of Maysan, Dhi Qar, Muthanna, and Najaf Al-Ashraf, in addition to the third unit in the Doura, Haditha, and Qayyarah refineries.”

He pointed out that “the ministry’s plan was presented and discussed extensively with Honeywell during the workshop held, and it is hoped that a complete vision will be presented by the company regarding the process of developing the refineries with the proposed capabilities during the next two weeks.”

He added, “Honeywell is known for its technical and technological expertise and capabilities, which is important for gaining and transferring expertise to national cadres and developing facilities,” stressing that “after completing the preparation of the projects, the implementation mechanism and time periods for their completion will be determined.”

He noted that “the Prime Minister paid great attention to the refinery sector through development and raising the capabilities of refineries due to its great economic importance,” indicating that “great achievements have occurred in the refinery sector during the past short period, represented by the completion of the fourth unit in the South Refinery, which added 70,000 barrels of refining capacity,

in addition to About the Al-Azmra unit in the same southern refineries, which will be opened very soon, as it added about 1,200 cubic meters of high-octane gasoline, as well as the completion of the Al-Azmra unit in the Doura refinery and the rehabilitation of the North refinery in record time, which added refining capacity of up to 150,000 barrels.

He continued: “During the next few days, the CCR unit in the North Refinery will enter service and will add approximately 3,000,000 liters of high-octane gasoline. The Izmora unit in the North Refinery has also been operated,” stressing that “all of these projects were completed in very short periods.”

He continued, “The upcoming projects, which will enter service soon, will be a contributing factor in raising refining capacities and filling the local consumer need for some products, including the FCC unit in the southern refineries, as it is hoped to be completed in the first half of next year, as it will add gasoline production.”

High octane by 4,000 cubic meters to 4,000,000 cubic liters, and we also have projects for refining capacity additions in the Haditha refinery, during the current quarter of the current year, adding 20,000 barrels.”

He pointed out, “The Prime Minister directed the Ministry of Oil to prepare a study that includes establishing a pipeline network adjacent to the development road that meets all the future strategic plans of the Ministry of Oil, from the fields to the transportation process, in order to facilitate the process of transporting crude oil and gas between the north and the south, as well as export ports.” LINK

Iraq Is The First Arab Country In Developing Oil Pipelines 

Energy   Economy News _ Baghdad  Iraq ranked first as the most developed Arab country for oil pipelines, according to data issued by the specialized Global Energy Monitor platform, until May 2024.

The Arabian Gulf is among the most important regions witnessing oil pipeline construction projects globally, in light of the leadership role it plays in the global market and its possession of huge crude reserves.

Iraq topped the list of the most developed Arab countries for oil pipelines, and the oil pipeline projects - proposed and under construction - reach 3.83 thousand kilometers, divided between 75 kilometers under construction and 3.756 thousand kilometers proposed.

The marine export pipeline project, with an investment cost of $416.9 million, is scheduled to be implemented during the years 2024 and 2025, and will be implemented by the Dutch company Royal Boskalis.

This comes as the country implements plans to increase its oil production to 8 million barrels per day by 2027, contributing to Iraq topping the list of the most developed Arab countries for oil pipelines.

It is noteworthy that Iraq has about 15 lines for transporting oil, with a length of 2.09 thousand miles, and 10 lines with a length of 1.53 thousand miles for transporting petroleum derivatives, according to data issued by the Organization of Arab Petroleum Exporting Countries (OAPEC). 99 views 06/18/2024 - https://economy-news.net/content.php?id=44389

Basra Oil Prices Fall

Economy |  06/18/2024  Baghdad - Mawazine News  The prices of Basra heavy and medium crude oil decreased today, Tuesday, in conjunction with the decline in global oil prices.

Basra Heavy crude prices fell by 14 cents, reaching $79.48, while Basra Medium crude prices fell by 14 cents, reaching $82.69.

It is noteworthy that global oil prices declined today, after recording gains in the previous session, as markets remained cautious about the prospects for global demand growth amid expectations of increased supplies.   https://www.mawazin.net/Details.aspx?jimare=249875

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

True knowledge comes only through suffering.  - Elizabeth Barrett Browning

Suffering raises up those souls that are truly great; it is only small souls that are made mean-spirited by it.  - Alexandra David-Neel

He disposes Doom who hath suffered him.  - Emily Dickinson

uffering has always been with us, does it really matter in what form it comes? All that matters is how we bear it and how we fit it into our lives.  - Etty Hillesum

We are healed of a suffering only by experiencing it to the full.  - Marcel Proust

Those who have suffered understand suffering and therefore extend their hand.  - Patti Smith

The saints rejoiced at injuries and persecutions, because in forgiving them they had something to present to God when they prayed to Him.  - Teresa of Avila

The difficulties and struggles of today are but the price we must pay for the accomplishments and victories of tomorrow.  - William J. H. Boetcker 

Experience may be hard but we claim its gifts because they are real, even though our feet bleed on its stones.  - Mary Parker Follett

And I think that's important, to know how the water's gone over the dam before you start to describe it. It helps to have been over the dam yourself.  - E. Annie Proulx

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

http://famousquotesandauthors.com/quotes_by_topic.htm

USD And Petrodollar “News and Views” 6-18-2024

Gold Is The Solution To Monetary Lies & Theft | Newman

Liberty and Finance:  6-17-2024

There's growing awareness about the corruption in the monetary system.

Precious metals, sound money, are the only solution to the lies and theft that plague our current financial system.

 In the U.S., gold and silver are becoming legal tender in numerous states.

The potential to use debit cards backed by gold is emerging and could cause a revolution in money, says Alex Newman, journalist, author, and educator.

INTERVIEW TIMELINE:

0:00 Intro

1:07 Lies & theft

6:43 AI development

 11:27 His name

14:42 Gold & sound money

https://www.youtube.com/watch?v=P3VoGrMk9QI

Petrodollar Ending: As Yellen Issues Ultimatum To Global Banks, Oil Will Be Priced In China’s RMB

Sean Foo:  6-18-2024

In a desperate move, the US treasury has labelled Russia as a war economy and threatens to sanction any global bank that deals with Moscow.

Not only is this dangerous, it will force a big repricing of Russian oil in China's currency. Here's what you must know!

Timestamps & Chapters:

0:00 Yellen Threatens Global Banks

 2:53 Russia Dumps Dollars & Euros

 5:01 Russian Oil Will Be Priced In Yuan

8:15 China's Currency Wins Big

11:02 Global South Will Ditch The Dollar

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

Hundreds More Banks Risk Failing This Summer: Nothing Was Fixed Warns Top Economist

Daniela Cambone:  6-17-2024

At this point, we have a banking system that is sick. I mean, it's just crippled,” says Peter St. Onge, a former MBA professor and Ph.D. economist.

 In an exclusive interview with Daniela Cambone, St. Onge delivers a stark warning about the fragility of the US banking system, revealing the alarming dependence on the Treasury and Federal Reserve for financial survival.

Without their support, he asserts, "the entire US banking system for sure would be bankrupt."

St. Onge also criticizes politicians for being woefully out of touch with the real issues facing ordinary Americans. "

They don't even appear to be paying attention to what the people want. They're going after farmers for cow farts when the issue is that the median voter can't afford to go to McDonald's.

I mean, they're just almost comically out of touch," he remarks.

Watch the interview to learn more about his views.

CHAPTERS:

00:00 Regional banks risk

4:44 Bailout

8:01 Assets in the banks

12:12 Jobs number

 17:48 Reality for consumers

https://www.youtube.com/watch?v=Woa_0AjpXiY

BRICS Gold Backed Unit, XRP and Membership News 6-18-2024

BRICS 2024: XRP In The Spotlight As Russia Confirms New BRICS Payment System

Geopolitical Analyst:  6-18-2024

The BRICS group is advancing its currency sufficiency scheme with the potential development of its own independent payment system.

 Is XRP In View as BRICS Bridge Currency? According to a research paper first spotted by XRP enthusiast Amelia, Russian President Vladimir Putin has confirmed that the bloc is finally moving forward with its alternative currency plan.

From the report, there are indications the bloc would explore the use of Ripple-associated XRP for cross-border settlements.

Before now, the Bank of Russia introduced a project on cross-border transfer implementation. This project reportedly considered the use of the Ripple payment system. It was perceived as an excellent basis for the development of a system for cross-border settlements for the group.

It is worth noting that XRP is known for its transaction speed and low costs. Hence, it seem like a viable system the bloc is considering to revolutionize its international payment goals.

 This move to adopt the cryptocurrency may trigger a massive jump in the price of XRP. CEO & Founder of Cryptonairz, Robert Doyle (Crypto Sensei) believes that XRP’s price may reach $10,000 if BRICS countries adopt it widely.

There is a general opinion that member countries in BRICS stands to gain so much from choosing XRP as their alternative to the United States dollars. The volatile currencies and developing economies of these nations are perceived as challenges that XRP could improve.

https://www.youtube.com/watch?v=pE3bEE7Ard

The BRICS' Plans For Proposed Gold Backed 'Unit'

Arcadia Economics:  6-18-2024

Over the past few months reports have emerged that the BRICS are now more actively moving along plans for a gold-backed settlement currency called 'The Unit.' Which has the potential to impact the current monetary regime if implemented as proposed.

 And to find out what's really happening, and separate fact from fiction, I'm joined by Matt Riley of EF Bullion, who was warning about what we're seeing now long before it was reported anywhere else.

So if you've been hearing about the BRICS potentially moving forward a gold-backed currency, and want to know whether that's really a possibility, you'll want to click to watch this video now!

https://www.youtube.com/watch?v=gCApVn3paiA

MAJOR BRICS Update: The Plan is Working Per the IMF

Taylor Kenny: 

In this Week’s News, Taylor Kenney explores the latest developments within the BRICS bloc, highlighting more Countries interested in joining the coalition.

With the BRICS bloc growing, it poses as a significant threat to the U.S. dollar's dominance, a concern echoed by the IMF's latest data.

With emerging markets increasingly trading outside the dollar and central banks hoarding gold, the landscape of global economic power is rapidly shifting.

Stay tuned to learn how these changes could impact the future of the U.S. dollar and global trade.

https://www.youtube.com/watch?v=vcWkOcwg5Bc

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Good Morning Dinar Recaps,

Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, June 24 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters.

Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

The Commission will consider the following:

Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom

Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market   CFTC    Live Stream

~~~~~~~~~

Stellar: Blackrock and Franklin Templeton Fuel Tokenized Treasury | Crypto News Flash

~~~~~~~~~

JUST IN: Cryptocurrency Earthquake at SEC - Head of Crypto Unit Resigns - Bitcoin Sistemi | Bitcoin Sistemi

~~~~~~~~~

June 17, 2024 Goldilocks' Daily Breakdown Podcast Link

~~~~~~~~~

Mastercard Collaborates with Thought Machine to Modernize Banking | Finance Magnates

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Tuesday 6-18-2024

TNT:

Tishwash: Basra's wish: The stability of the governorate makes it an attractive city for international companies

The security committee in the Basra Governorate Council confirmed the stability of the security situation in the governorate.

Committee member Ali Talib told Al-Furat News Agency, "The security situation in Basra has had a positive impact on its status, as it has become one of the cities that attracts diplomats and ambassadors, in addition to the presence of major international oil companies in the province, and they are now working in Rumaila."

He added, "The security situation is very good in the governorate and allows all companies to work and invest in it."  link

Tishwash:  Iraq is the first Arab country in developing oil pipelines

Iraq ranked first, as the most developed Arab country for oil pipelines, according to data issued by the specialized Global Energy Monitor platform, until May 2024.

The Arabian Gulf is among the most important regions witnessing oil pipeline construction projects globally, in light of the leadership role it plays in the global market and its possession of huge crude reserves.

Iraq topped the list of the most developed Arab countries for oil pipelines, and the oil pipeline projects - proposed and under construction - reach 3.83 thousand kilometers, divided between 75 kilometers under construction and 3.756 thousand kilometers proposed.

The marine export pipeline project, with an investment cost of $416.9 million, is scheduled to be implemented during the years 2024 and 2025, and will be implemented by the Dutch company Royal Boskalis.

This comes as the country implements plans to increase its oil production to 8 million barrels per day by 2027, contributing to Iraq topping the list of the most developed Arab countries for oil pipelines.

It is noteworthy that Iraq has about 15 lines for transporting oil, with a length of 2.09 thousand miles, and 10 lines with a length of 1.53 thousand miles for transporting petroleum derivatives, according to data issued by the Organization of Arab Petroleum Exporting Countries (OAPEC). link

************

CandyKisses:  Shameless and unacceptable statements... Al-Sahhaf calls for restraining the American ambassador

Information / Baghdad.

The spokesman for the popular legal movement, Mohammed Al-Sahaf, on Tuesday, rejected the US trusteeship over Iraq, calling on the government to rein in the new US ambassador Tracy Jacobson.

Al-Sahhaf said in a statement to the Information Agency that "the new US Ambassador Tracy Jacobson's provocative statements have floated a set of UN resolutions."

He added that "the intervention of the new Washington ambassador to Baghdad is negative and reprehensible and a clear interference in the affairs of a sovereign state," noting that "the Iraqi people reject the American trusteeship of Iraq."

"The US ambassador's statements are rude and unacceptable, and it is not the Iraqi people who are subject to US tutelage," he said.

************

Tishwash: Parliamentary Legal: Representatives enjoy vacation and there is no emergency session

 The head of the Legal Committee in the House of Representatives, Rebwar Hadi, confirmed today, Monday (June 17, 2024), that there will be no emergency session to elect a Speaker of the House of Representatives.

Hadi told "Baghdad Today", "Members of Parliament are now enjoying the legislative recess, and there is no talk of an emergency session regarding the election of a Speaker of Parliament."

He added, "The issue of choosing a speaker for parliament requires political consensus, and there is no consensus yet regarding choosing the president."

It is noteworthy that the position of presidency of the House of Representatives has been vacant for more than 7 months, with the House failing more than once to elect a president due to the lack of consensus among the Sunni forces in electing one of the candidates.

In the latest developments in the file, the representative of the Al-Fatah Alliance, Mukhtar Al-Moussawi, confirmed on (June 9, 2024) the existence of a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid Al-Adha holiday.

Al-Moussawi told "Baghdad Today", "There is a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid al-Adha holiday, and there is no intention to keep Mohsen al-Mandalawi on the part of any party in the coordination framework."  link

Mot: Solar and Wind together - Who Could Ask fer More!!!!  

Mot: .... how bout sum -- International Potholes

"Strategy to Retain Wealth" by Quantum Warrior

"Strategy to Retain Wealth" by Quantum Warrior

Emailed to Recaps 11/19/2013  From Recaps Archives

 (Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)

Strategy to Retain Wealth by Quantum Warrior

The "recipe" below is my personal one- if it does not suit you, don't do it. If you don't like the ideas, fair enough, we all have that right, but please don't complain to Recaps or me, just read something else. The usual disclaimers apply- do your own due diligence, every situation is different.

Like all of you, I am not wealthy now (except possibly spguru :-) ). However, I have spent considerable time working on my strategy to retain the wealth, there are lots of comments in many posts (including my earlier one) about not behaving like a lottery winner. What does that mean? Simply spending like the money will never run out. It will.

To retain my wealth, I plan to do the following- your figure out your own plan, but these ideas are presented in case they will help clarify the thinking process for those who need the help.

There are some simple rules:

Work on yourself FIRST, then work on your money

Personal Crash Course in the Value of Money

Generate Cashflow from Capital (i.e. Protect Your Capital)

Do NOT ever get into debt, for any reason

When to buy the toys

Legacy - Meaning & Fulfilment

As you'll see you can't really do one of these without the others. But the effort it takes to follow this "recipe" is far less than the pain and consequences of loosing all that wealth after having waited for so long, when many others have given up already.

Work On Your Self FIRST

(Just to avoid the obvious comments- do your exchange first, especially if there is a 30 day window, then start here, OK? :-) )

The obvious question here is "Why?". Well the answer is simple, "Who's going to manage your wealth then?" If you seriously think some Financial Planner has more interest in your long term financial health than you, think again. Or just simply give them all your money and save yourself the future heartache.

No disrespect intended there are many good financial planners out there, but it really is your wealth, so you ought to be more aware than anyone else, for them it is a job, for you it is your future.

Wealth Magnifies Who We Are: If you are a kind considerate person now, chances are you still will be when you have more money than you've ever had. Unless you have some hidden aspects of your character that will come out and sabotage you. Which they will. How much you work on you will determine how much self-sabotage you engage in.

Having lived in the US (the country most infected by this problem in my experience), there is a "disease" if I can put that way, I've observed and not just from when I lived there, but from comments in many posts in Dinarland over the years.

The disease: The Happiness Pill = Either take a pill to solve the problem or hire someone to do it for you. To put this somewhat graphically, no one can go to the toilet for you. Only you can do what you've got to do.

There are no short cuts, no free lunches. If you want the benefits of your wealth, you're going to have to change something about your beliefs or what has happened to you with money in the past will only happen again. Only bigger, with more zeros.

You are capable of solving and learning all these things, else you would not be here with this potential wealth in your hands. It is time to believe in you.

You can't buy a pill to fix the issues you may have, you can't hire an expert to fix you. Only you can empower you. It is no one else's responsibility but your own. This applies to your health and your wealth. Your beliefs create your reality. 100% of the time. You may disagree, but this is like gravity, it is still there, even if you disagree with it.

It has been shown again, and again, that most illnesses start with emotional upsets that eventually become physical. Medication by and large only suppresses symptoms, it rarely cures. Doctors are great if you've broken your leg or something like that. Modern medicine is now beginning to recognise many illnesses (back pain, stomach issues, etc.) are "psychosomatic" in origin.

 In other words, based on our belief system. Change that and the physical symptoms disappear. Please, do your own research on this one. Don't take my word for it.

Long term medical care is not the strong point of western medicine. Look at the "Food Matters" video and form your own opinion. Again, I am not disrespecting doctors, they do an amazing job with what they know. They key is there is more to us than medicine understands. Emotional health is vital to physical and mental well-being, that will never come out of a bottle.

Correct diet and exercise can fix almost anything, food for thought as it were. After all, you want to be healthy to enjoy your wealth right?

If you think this is just hokum, how many people have posted they have become ill, or even people have died over the stress of waiting for the RV to solve their problems? Stress is directly linked to hugely suppressing our immune system, which then means areas where we are physically weak are more at risk.

Managing your emotions, health and mental state will be an essential component in managing your future wealth. If you make clear decisions, make sure you manage risks well, then you'll be more than comfortable, if you are unsure of yourself, you'll end up with even more stress after the RV than you were before because you don't know how to handle the wealth properly and with the fear of loosing it all.

This means looking within and being ruthlessly honest about your strengths and weaknesses, and allowing for them in your plans. Some people have a weakness for fame, others for sex, others for drink or drugs, others for the good opinion of others, others for greed. You get the picture. Clear the obsessions, or the obsessions will clear you out.

Sadly for many, religion today is infected with the idea that "money is the root of all evil". Not just Christianity, but Buddhism & Hinduism have his issue, to name a few. There is nothing wrong with money. It is neutral- it only reflects the nature of the person using it.

This is the most important step and probably the hardest. I could list loads of resources on this topic, but it makes more sense for you to do that work on your own, since what works for me, may not work for you.

Also, if you take this point seriously, you'll do something, if not, you won't. Your action or inaction on this point will simply reflect your beliefs back to you about where you're at in terms of introspection, or looking within.

For the record, with due respect to psychologists, I am absolutely 100% not suggesting you get a shrink. My personal experience is most psychologists are at least as screwed up as their patients, not all but many. The other problem, again, in my opinion and no disrespect intended, is psychology has way too many theories and attempts to shoehorn all human experience into one or another theory.

We are all much, much bigger than just our minds, emotions or our bodies. There are lots of good psychologists out there doing great work, but there is a lot of noise out there too, finding the right one, is kind of like being a princess kissing frogs to see if one turns into a prince.

If you are really stuck, the SEDONA process works very well. it is astonishingly simple:

Feel whatever the emotion is you want to deal with (this includes resistance, blockages, negative and positive emotions). Feel it as strongly as you can

Ask yourself "Could I release this? - The only answer is Yes or No, either is fine, just be honest with yourself

Next, ask "Would I release this?" Again, only answer Yes or No. If in doubt, the answer is always a No.

Lastly, ask "When would I release this?" Again, be honest.

Repeat until the feeling is released, this may take a number of "loops"

If you find resistance, release the resistance using the same process

If the resistance is another emotion, release that with the same process

As you can see, the process is controlled 100% by you, and you can tell when it works, since you will feel lighter and more at ease. Clear ALL the emotion, even only a small "amount" is left. A good clue you've let go of it is if you sigh deeply. The body, mind and emotions are deeply connected.

Just remember some emotions run deeper and are more tangled than others, so may require much more spadework.

The two most important emotional attitudes to consciously develop are forgiveness and gratitude. This especially includes forgiving yourself. If something bad happens to you, ask: "What can I learn from this?" or "What buried assumptions do I have that attracted this to me?".

If you still have an emotional blockage, come back and work through it again. The process is simple, no said it would be easy. But then the things worth doing are never easy.

This is not an instant "magic pill", it will take work, in some cases a lot of work, to clear emotional blockages. It took however many years you've been alive to get the way you are now, it is natural and normal to take a little time to clear this up. The effort is worth it, you'll feel better much faster as you clear the habit of feeling the way you currently do. Because it is just a habit, and habits can be changed.

This is really all you need- we are already in our true nature, amazing, we just deeply, passionately believe we are not. You and only you are in 100% responsible for your life, no one else, not God, not your mother in law, not your boss, YOU. God set up the rules for you to win at this game, but you must play the game to win.

That is scary at first, until you realize that with that responsibility comes control, you can change what you like. This means YOU are in full control of your life. Sure, things may happen that you don't like, but they are reflections of you back to you, of you. Change your patterns, change your world. Sometimes stuff just happens and it's not about us at all, "Suck it up, Princess" and deal with it in an emotionally healthy way.

Personal Crash Course in Managing the Value of Money

Set aside 10% of your capital (after allowing for taxes)- and then spend it as completely stupidly and recklessly as you can. 10% may be quite a lot of money. By doing this, it will clear the "addiction" of spending like a lottery winner, and hopefully you'll see how fast 10% of your wealth can disappear.

Especially, if you are the quiet, careful type, do this- there may well be a suppressed spendaholic in there. If you are a spendaholic, then this may cause you to sober up a bit.

I once read that Anthony Robbins cured someone of smoking in half an hour, by getting him to smoke 20 packets of cigarettes in that time. Same idea but without the cigarettes.

Generate Cashflow from Capital (i.e. Protect Your Capital)

After you have cleared all (and I mean all your debts, credit cards, money from friends, etc) the next rule is: Never Spend the Capital- only use it to buy assets that generate cashflow. Your homework is to figure out which assets are right for you.

If you are going to start a business, you'd better really be prepared to know what you're doing and a successful business is almost never about the product, it is an important ingredient but not the most important.

Work ON the business NOT in the business. My preferred approach is to buy into existing, viable businesses for long term cashflow growth. There are other assets you can buy into, but the ones that really make money with lower risk are almost never sold by financial planners, in my opinion. You do your own due diligence.

For financial products, e.g. stocks and shares, again, clear, unemotional thought and a system that you follow 100% of the time (that is proven to work) are key. There are great buys out there, but you need to clear your mind, manage your emotions and find a wining strategy.

To be good at this, you'll need to learn to read a balance sheet. You'll also need to get your emotions, opinions and other biases out of the way. Your goals an and certainly should include the spiritual dimension, but the application of those goals should be clear sighted and meeting your objective of generating cashflow, cleanly, legally and ethically.

DO NOT EVER GET INTO DEBT FOR ANY REASON

This is really simple: If you can't afford it, don't buy it, save until you can. We've all suffered at the hands of the banks. They are in business for them, not us. Just because you have more money, doesn't mean you can't loose it.

As a safety net, to avoid ever being back where you are now, don't borrow money period. Make sure your cashflow "engine" can at least get you financially free, even if not rich. By staying out of debt, you never put at risk your cashflow assets, which you would otherwise use as collateral for loans.

By avoiding the temptation of "free" money (it's never free, always got strings attached), you avoid the risk of loosing your assets that support your cashflow. After all, there many people in Dinarland who were doing really well 10 years ago and are now really struggling. The world changes unpredictably. Debt is a great way to loose it all real fast.

When To Buy The Toys

Well, you've probably picked up by now, that my suggestion is "never". The thing about the toys is we want to buy the "lifestyle" not the toy as such. So rent them when you need them, based on your on-going cashflow. If you absolutely must have one, than have a business that supports owning them by the profit from it's cashflow, the operating costs of owning the asset.

Toys follow a well known progression:

More Toys - the usual suspects: cars, planes, boats, men, women, parties etc.

Bigger Toys -  bigger versions of what you already have

Better Toys - e.g. owning a sports team

The problem is toys do not fill the void we are trying to fill. What fills that void, is meaning and fulfilment See Legacy below.

Also, if you really must own the toy, see Rule #1 - Work on Yourself FIRST. Why must you own it? Is it show off? To say "I've arrived?" What is your motivation? As long as you are clear about what your motivation is and why want to do it, and you are willing to accept the consequences of that choice, then go ahead, Enjoy!

Remember, very few boats, planes or fancy cars actually appreciate in value over time. See rule #3 - Protect your Capital

By all means use the cashflow you generate from your capital to get the lifestyle you want, just in my view, spending your RV capital to get it, is the slippery road to loosing it.

Yes, generating the cashflow will take time. Allow for that in your planning. Include in your thinking that inflation is usually double what the official figures are- so your cashflow must grow by that, plus some extra to keep money in motion.

Money stored in banks dies. Money needs motion to grow. Our job is to be smart, caring gardeners, who will continue to harvest abundance for decades to come.

Legacy - Meaning & Fulfilment

Do you remember your great-grand parents names? Chances are not. Maybe not even all your grand-parents either. Why? Whilst they may have been great people, they did not leave a legacy.

Contrast that with George Washington, Julius Caesar, Alexander the Great, Confucius and many more besides. We still speak their names hundreds or even thousands of years after their death. Why? Because they inspired ideas and change that outlasted their lifetimes and still affect us today.

They did not do thinking "In 2013 kids in schools will know my name! Yay!" they did it because they passionately believed in something that helped either a section of humanity, or humanity as a whole to grow and see itself in a new, better light.

Religions come and go, civilizations come and go, but the magic, the best of us, the human race, endures. If we commit ourselves to do the best we can, without expecting anything in return, for all the life on our planet, in whatever form we can, then we create a legacy that is worth having.

Conclusion

As you can see, all the points are connected. Each one supports and strengthens the others. But the first one, is the crucial starting point.

Hopefully you will find something useful in here, to help you grow and keep your wealth, have a fantastic lifestyle (you deserve it), one based on sustainable wealth, not greed that will allow you to give the best of you to helping others grow into the best they can be.

Iraq Economic News and Points To Ponder Tuesday AM 6-18-24

Iraq Economic News and Points To Ponder Tuesday AM 6-18-24

The Prime Minister's Advisor Confirms That The Country Is Protected From Any International Financial Risks

 Sweeteners - 06-17-2024 09:53 PM - Number of views: 178  Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that  Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that  the international community also praised the solidity of the financial and banking system.

Saleh said,   “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” noting that  “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq,  which is... “One of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added,

      "Managing cash liquidity,

     building the monetary foundation, and

     controlling liquidity levels in the country

 are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows." He stated that

 "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that

 "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism.” He stated that

 "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and

 it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations.".    https://www.dijlah.tv/index.php?page=article&id=347120

Oil Reveals Important Details Related To The Imminent Halt Of Gasoline Imports From Abroad - Urgent

Economy | Today, 15:25 |Baghdad Today – Baghdad  Today, Monday (June 17, 2024), the Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Al-Zobaie, revealed important details related to the imminent halt of gasoline imports from abroad. Al-Zubaie told "Baghdad Today",

 "The Ministry of Oil has currently been able to stop importing more than half of the amount of foreign gasoline we import." He added,

 "Iraq previously imported an amount of gasoline amounting to 14 million liters,

 but after the Karbala refinery entered work, it contributed to the production of 7 million liters of high-octane gasoline,

 which contributed to the decrease in half of the imported gasoline." 

Al-Zubaie stated,  “The entry of the North Refinery to work, in addition to the fact that the 20th of this month will witness the opening of the CCR unit in the North Refineries, which will contribute to the entry of local quantities of gasoline amounting to three and a half million liters of gasoline, and

this will reduce the imported quantities, as Iraq will remain.” It imports a quantity of up to three and a half million liters, and

these quantities can be covered this year if the rest of the proposed projects are opened.”

It is noteworthy that the country's filtration sector has recently witnessed the opening of a number of important projects, including the Karbala and Baiji refineries, the fourth unit, and the Al-Izmara unit in the South Refinery,

 in addition to the fact that there is a large project in Basra Governorate, which is the FCC project, which is scheduled to be completed next year to be a great addition to the filtration sector.  

 https://baghdadtoday.news/251656-النفط-تكشف-تفاصيل-مهمة-تتعلق-بقرب-إيقاف-استيراد-البنزين-من-الخارج-عاجل.html    

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

How sublime a thing it is to suffer and be strong.  - Henry Wadsworth Longfellow

He disposes Doom who hath suffered him.  - Emily Dickinson

They merit more praise who know how to suffer misery than those who temper themselves in contentment.  - Pietro Aretino

Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved.  - Helen Keller

Never to suffer would have been never to have been blessed.  - Edgar Allan Poe

It is somehow reassuring to discover that the word "travel" is derived from "travail," denoting the pains of childbirth.  - Jessica Mitford

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

http://famousquotesandauthors.com/quotes_by_topic.htm