Iraq Economic News and Points To Ponder Late Friday Evening 6-21-24

Iraq Economic News and Points To Ponder Late Friday Evening 6-21-24

Saleh: The Tripartite Budget Gave The Government Flexibility To Implement Its Medium-Term Plans

Time: 06/21/2024 15:35:33 Read: 1,794 times   {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget efficiently and on a budget.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year, and in appreciation of the circumstances surrounding the economy."

 Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent."  LINK

A Financial Expert Answers The Question: Why Are Iraq's Financial Reserves Not Increasing?

 June 21, 2024  Baghdad/Iraq Observer   Today, Friday, financial expert Mahmoud Dagher explained the reasons for not increasing Iraq’s financial reserves despite the rise in oil prices, in a blog he published in the “Iraq Observer” group on “WhatsApp,” in which

he stressed that Iraq’s financial reserves are not measured by their absolute size, but rather by their adequacy according to... For two basic indicators.

 The first is the adequacy of reserves to cover imports without any exports, as

 it is estimated that Iraq has sufficient reserves to cover its imports for up to 12 months, which is an excellent level.

 The second is the coverage of foreign reserves of exported cash, which shows that the ratio is more than one, which is also considered good.

 He added that although Iraq's financial reserves exceeded the $100 billion barrier,

these reserves are not increasing significantly due to two main factors.

 The first is the rise in the central bank's daily sales to about $300 million to cover imports.

 The second is the increase in public spending, especially the salary bill, which includes retirement, subsidies, and social care, which is approaching 100 trillion dinars.

 Dagher stressed that the adequacy of reserves is good, but

 relying on the oil economy alone poses a risk due to the possibility of a decline in oil prices.

 He pointed out that the only solution for Iraq lies in diversifying sources of income and reducing spending, especially operational spending.

Without these reforms, Iraq cannot achieve sustainable economic stability that depends on employment, subsidies, and permanent support.

It is worth noting that Dagher is a distinguished financial expert who previously held the position of Director General at the Central Bank of Iraq.    https://observeriraq.net/خبير-مالي-يجيب-على-تساؤل-لماذا-لا-ترتفع/    

Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices? 

Money  and business  Economy News – Baghdad  Today, Friday, economic expert Mahmoud Dagher explained the reasons for the failure of Iraq's financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output and pressuring spending, especially operational.

Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy, and there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports, and I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.” ".

He added: "If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The first is direct and is the result of the Central Bank’s sales rising to 300 million dollars per day to cover imports."

He pointed out, "The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion."

The economic expert stated, "The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel."

160 views  Added 06/21/2024 - https://economy-news.net/content.php?id=44468

Including Iraq.. The World Bank: 9 Major Countries Account For 75% Of Gas Burning

Energy   Economy News - follow up  A World Bank report confirmed that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years.

With only six years remaining to achieve the World Bank's goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period.

Natural gas is usually produced by oil exploration, and some companies choose to burn this gas instead of capturing and storing it because providing the necessary infrastructure to deal with it is not commercially viable.

The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 and 2022, and added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable and there is a need to take urgent action.” ".

Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere.

ne major oil-producing countries account for 75 percent of gas flaring and 46 percent of oil production.

These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria and Mexico, according to the order of the quantities of gas burned.

The report stated that Algeria and Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya and other countries.

The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data. Views 181  06/21/2024 - https://economy-news.net/content.php?id=44460

Revealing A Comprehensive Government Plan To Recover The Stolen Funds
Political | 11:21 - 06/21/2024  Baghdad/Mawazine News..  The Prime Minister’s Advisor for Oversight and Integrity, Muayad Al-Saadi, revealed today, Friday, the existence of a comprehensive plan to combat corruption and recover smuggled funds.

Al-Saadi said, in a statement, that “Prime Minister Muhammad Shiaa Al-Sudani paid great attention and daily follow-up to anti-corruption measures, and worked in different directions,” noting that “teams were formed to receive news and reports about corruption, follow up on them, uncover them, and refer them to the Integrity and Public Prosecution Commission for the purpose of holding violators accountable.” We will pursue them and recover the money.”

He continued, "Among the trends that have been focused on is the periodic evaluation through semi-annual and annual reports through the regulatory agencies that follow up on the procedures of ministries and governorates in the field of combating corruption on a daily basis, as well as the issue of digital transformation and the procedures of the unified storage system for the purpose of controlling, following up and knowing funds." Balances and their movement,” noting that “all of these measures serve to combat corruption.”

He added, "The Prime Minister provided unlimited support to the Integrity Commission, the Financial Supervision Bureau, and law enforcement agencies, in order to recover funds and fugitive fugitives by providing all facilities," noting, "The procedures resulted in bringing in the fugitive defendants and depositing them with law enforcement agencies for the purpose of issuing special rulings." “With them.”

Al-Saadi pointed out, “There is a fund to recover the former regime’s funds, which operates according to its own law,” stressing that “a lot of money has been recovered, most recently from Swiss banks, where it was deposited in the Central Bank.”   https://www.mawazin.net/Details.aspx?jimare=249998

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

Provoking Thoughts and Points To Ponder On Adversity:

 If you have to be careful because of oppression and censorship, this pressure produces diamonds. - Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.  - Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.  - Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. - Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. - King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

10 Signs You’re Financially Secure

10 Signs You’re Financially Secure

Nicole Spector nFri, June 21, 2024

Financial security: What exactly is it? Essentially, it means you’re not only getting by, but getting by comfortably. Surveys have shown that most Americans do not feel financially secure, and it’s understandable why that’s the case. Wages aren’t keeping up with rising costs of living, inflation is still bullying our bank accounts and companies across sectors are carrying out mass layoffs.

Though it makes sense why you may be feeling financially insecure, it’s important to truly understand what financial security entails so that you can determine if your feeling is aligned with your reality.

Stephen Kates, CFP, principal financial analyst at RetireGuide.com and Annuity.org, walked us through the 10 key signs that indicate you’re financially secure.

You Have a Robust Emergency Fund

Expert recommendations for how much you have in your emergency fund vary. The most common suggestion is to have three to six months of living expenses at the ready, but you may want to listen to financial guru Suze Orman, who recommends keeping eight to 12 months’ worth of essential expenses in an emergency fund.

You may also want to factor in how many streams of income your household has.

“The more sources of income your household has, the less you may need to keep in an emergency fund,” Kates said. “If there are two or more income sources, either two jobs or a dual-income household, you can begin to reduce your emergency savings.”

Again, though, the more prepared you are, the better!

You Spend Less Than You Earn

Even millionaires know the importance of spending less than they earn. It’s a key trait of financial security and, in fact, ensures future financial security.

“If you spend every penny, you live on the precipice of financial troubles,” Kates said. “As the saying goes, ‘It’s not what you make; it’s what you keep.'”

You Contribute to a Retirement Account

Kates pointed out that retirement accounts — 401(k)s, 403(b)s and IRAs — are essential to setting yourself up for financial security in your golden years. If you are contributing the necessary amount to these funds, you have one of the telltale signs of financial security.

You Invest and Diversify

If your retirement funds and excess savings are invested into a diversified strategy, you’re also exhibiting a sign of financial security.

“Contributing money toward an account isn’t enough to beat inflation long-term,” Kates said. “Putting your money to work by investing in the market is essential for long-term growth.”

To Read More:

https://www.yahoo.com/finance/news/10-signs-financially-secure-170028446.html

KTFA Friday Night CC: “FRANK26…6-21-24…..THIS IS YOUR ATM”

KTFA

Friday Night Conference Call

FRANK26…6-21-24…..THIS IS YOUR ATM

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

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

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

https://www.youtube.com/watch?v=B0OOggZyCmg

MilitiaMan: IQD Update - Iraq Dinar - Investment Law - Implementation Tripartite Budget - Race Against Time -

IQD Update - Iraq Dinar - Investment Law - Implementation Tripartite Budget - Race Against Time -

MilitiaMan and Crew:  6-21-2024

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=WWnNBqOvgkg

Friday Evening Chat with MarkZ 6-21-2024

Friday 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: Welcome to another weekend of waiting.

Member: Any news today Mark?

MZ: There is a lot of anticipation for this weekend. Bank/Redemption contacts say they are on call this weekend…and have an hour notification time. They have one hour- if called to go in. This was from 2 different contacts from 2 different states that said the same thing. This is very positive.

Member: What about something happening with banks  on the 23rd???

MZ: It’s been constant this week about something happening on the 23rd. Is it big? Is it a nothing burger? Are they announcing a free toaster with checking accounts? What is it?

Member: Another intel provider also said his contacts at redemption centers is on a one hour call this weekend.

MZ: I hope this weekend they finally get to work and not just have to spend the weekend close to home for no reason.

Member: TNT says 99 % it should go this weekend.

Member: ???? Mark any thoughts on how the change to US going to asset back currencies is going to be announced? AND does it need to be announced before we get our appointments?

Member: Great question

Member:  So Venezuela joined BRICS?

MZ: Yes, and it certainly moves another enormous chunk of commodities out of the hands of the West.

MZ: “Venezuela About to join BRICS-Official”  This news story is dropping out of Iran. Venezuela and all its resources are on the doorstep to joining BRICS!  She said “Her country has the largest fuel deposits with daily production of 3 million barrels of oil. Their reserves are enough for 3 centuries “ She said. .” Pus natural gas, Iron , coal gold and diamonds. “

Member. My daughter contacted a man at her Chase bank. Asked about the Dinar and found out he had to give his Dinar to a family member in order to rehired by the bank

Member: Thank you MarkZ, mods, we appreciate you !

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 AT 9:45 AM EST. CBD MATT & LUCAS WILL BE JOINING!

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

Economist’s “News and Views” Friday 6-21-2024

Western Empire Facing Same Collapse as Rome in its Final Days: Martin Armstrong

Commodity Culture:  6-21-2024

Martin Armstrong sees striking similarities between the multitude of crises that plague the modern world and the conditions just before the fall of the Roman empire.

Martin argues that endless debt issuance, wars for profit, unchecked migration, and rampant political corruption are setting the stage for a future where many Western countries cease to exist as we know them.

00:00 Introduction

 01:28 Everything is Connected

10:54 Political Shift to the Right

20:52 New BRICS Payment System

24:29 172 Year Revolutionary Cycle

 34:01 The Migrant Crisis and Rome

40:12 Socrates

47:18 How Can We Use This to Invest?

https://www.youtube.com/watch?v=h5JR3H7mpTg

THE WORLDWIDE ECONOMIC FREEFALL ACCELERATES... AND THIS IS WHAT'S COMING NEXT.

Greg Mannarino:  6-21-2024

https://www.youtube.com/watch?v=bJD0P0c5rpw

Rafi Farber: When the Yen Falls, So Does the Whole Keynesian System

Arcadia Economics:  6-21-2024

Back in May we heard that the Bank of Japan spent $62B defending the yen.

It didn't work too well, with the yen right back at 34 years lows and threatening to break them any minute now, perhaps by the time you're watching this.

Speaking of $62B, this week we heard that a Japanese bank called Norinchukin is selling about the same amount in underwater bonds, thanks to higher for longer interest rates, which aren't having much of an effect blunting price inflation anyway.

 It just so happens that Japan is the single largest holder of US Treasurys in the world, at a gargantuan sum of $1.15 trillion.

 No wonder Japan's is the first foreign banking system to be directly affected by high dollar interest rates.

The Keynesian experiment is unraveling fast now, while silver holds over $30.

Rafi Farber still believes we are in for one last global banking crisis, after which silver will, during a brief period of monetary panic, become money directly once again.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=-lvtizmX17Y

More News, Rumors and Opinions Friday PM 6-21-2024

KTFA:

Clare:  Al-Moussawi: Election of a new speaker of parliament will accelerate the legislation of the oil and gas law

6/20/2024

Member of the Parliamentary Oil Committee, Zainab Al-Moussawi, announced the election of a new Speaker of Parliament who will expedite the legislation of the oil and gas law.

Al-Moussawi told {Al-Furat News} that: “Until now, there are no indications from the Sunni blocs to agree on a candidate for the presidency of the Iraqi parliament, due to the {Sunni-Sunni} differences and the splits that occurred within the Taqadum Party headed by Muhammad al-Halbousi.”

She pointed out that "in the event of a Sunni agreement, the vote will take place immediately after the end of the legislative term holiday, as the Shiite and Sunni political blocs are ready to vote."

Al-Moussawi confirmed, “The vote of members of Parliament on choosing a new candidate for the presidency of the Council will accelerate the approval of the suspended laws, including the oil and gas law, as the law within the committee is largely mature.”

Ragheed   LINK

Clare:  IBBC Spring Conference 2024
The Mansion House, London

2 July 2024

IBBC’s (Iraq Britain Business Conference) 15th Anniversary Conference: Iraq’s ‘Opportunities and Insights’

This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special reports and white papers for reform, and encourages the government of Iraq to modernise its systems and ministries to accommodate International best practice within Iraq.

‘Insights and Opportunities’ reflects the evolution of the Iraq economy and the mechanics and reforms that the country is undertaking, as the largest forum for discussion of Iraq’s challenges and opportunities.

About the Conference:

Opening the conference the President of the Confederation of British Industry (CBI) Mr Rupert Soames OBE will give a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK’s business relationship and opportunities with Iraq.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Dr Mohammed Shukri, Chairman of the Kurdistan Investment Board, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim, Deputy Minister of Electricity, KRG ministers and keynote address from Alderman Barr, The Rt Hon the Lord Mayor’ Representative, The Rt Hon Lord Howell of Guildford andBaroness Nicholson of Winterbourne, IBBC President.

Delegates will hear the latest report from Professor Frank Gunter on Foreign exchange and banking reforms the impact of dollar controls and how this might resolve, and to hear directly from Government minsters, including the Deputy Governor of Iraq’s Central Bank, Dr Ammar H. Khalaf, on the procurement opportunities across key sectors, such as agriculture, education, finance, transport, and regional development at special roundtables including for KRG and finance. H.E. Mr Asaad Al Eidani, Governor of Basrah, will be joining a panel and special Basra roundtable, as will Kurdish ministers at a KRG roundtable, chaired by Mr Jonathan Wilks, Oxford Centre for Islamic Studies

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq’s economy, with the Energy Panel, which see the big players in energy policy and practice including Eng Adil Karim, Deputy Minister of Electricity; Dr Luay Al Khateeb, Centre on Global Energy Policy – Columbia University, Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hassan Heshmat from Hydro-C and Mr Ellis Renforth from Wood Plc

Yet transport is also set to boom, in both the ports and the dry canal project due to link Basra to Turkey with the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC member Mr Tugrul Titanoglu, CJ-ICM; and Mr Steve Alexandar, Sardar Group, will inform us of these changes and the evolution of electronic and port management systems already in place (see our ’23 report on ports here).

While these insights ensure everyone is better informed, there is always a significant networking and coming together of businesses and old friends and acquaintances. A reception the night before will celebrate not only IBBC’s 15 years, but also offer informal networking among delegates, speakers and founder members in the Mansion House and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

We are certain there will be big demand for tickets, so please register soon to avoid missing out. Join with us and share the insights and opportunities that a modern and stable Iraq now offers.  LINK

Billuke:  Iraq can't go here on a program rate........imo

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

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

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

PROOF That The 2024 Economic COLLAPSE Is Coming

Atlantis Report:  6-21-2024

It’s clear now: the economic collapse of 2024 is not just a possibility; it's an imminent reality. The downturn in the financial sector has already begun, with regional banks experiencing significant failures, which is a sign of more widespread economic distress.

The regional banking sector has been hit hard in recent times. Last year saw the collapse of notable banks such as Silicon Valley Bank, Signature Bank, and First Republic Bank.

These collapses were not isolated incidents but rather a chain reaction, indicating systemic vulnerabilities.

The domino effect continued with the fall of Silvergate Bank and Heartland Tri-State Bank. Their combined $440 billion in assets made this the largest collapse since the inception of the FDIC, Federal Deposit Insurance Corporation.

 Due to a series of bank failures, the FDIC faced significant challenges. To cover the losses, it had to use a large part of its insurance funds.

This raises a crucial question: How much money does the FDIC have left to handle future collapses? The answer is worrying: not much.

When you look into the FDIC's current financial status, it's clear that it's fragile, raising concerns about how it will handle further banking crises.

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

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the Big Call tonight. It's Thursday, June the 20th  and you’re listening to the Big Call  with call, I'm going to welcome everybody to the day, which is known as the summer solstice, the longest day of the year. We thank you for tuning in, wherever you're located around the globe. Thank you being here. Thank you for being part of the Big Call Universe. And it's the SAT team, satellite team, which has helped us to get this signal out to so many listeners all around the globe, So welcome and we thank you

All right, let's see, Bob, what's our time hack for right now?  10:07 Roger that, well, let's get into where we were and where we think we are right now. We… sigh …..

By the way, I've got to put out a fire right away. Someone has brought up the idea of a structured pay out – There are no structured pay outs -  That was a concept years ago that came out by the deep state to make you think you were not going to have access to your money or something restricted like that, that's total BS. There's no such thing as a structured pay out -  doesn't apply. We're going to have access to all of our funds within 30 to 90 days - there's no structure to that. Just so you know

Now there was somewhat of a structure with some of the tier two and tier threes that were super whales, with access to their funds - but it's not really an issue either for them. Tier three and tier three have not been notified either. The bondholders, the bond sellers, they have not received notifications that they have access to their accounts. Not yet. They're waiting like we are .

Now, for most part, what we've been hearing is that the rates, for example, on these currencies that are going up in value, the rates finally solidified over the last couple of days, at least, we've heard on screens, but not telling us what these rates are right now, we don't have that – we know they were trading.  - They had some pretty good numbers, but we know now that they're trading upwards exponentially, if you know what exponential means, that's moving in a very fast direction, and I think exponential might be an exaggeration -  but they are definitely moving up – up – up -- until they settle in to where they want those rates to be for us

And we've known what the rates are supposed to get to for months now, and I don't have any problem, I believe that that's what they're going to do and where they're going to be.

In the meantime, what has happened is today, redemption center staff went in for three hours for one and then three more hours for another one. In case the numbers came through today. They did not come in today.

So redemption center, Chief, if you will, was said for them to come back in tomorrow, instead of three hours at a clip, four hours at a clip, and they would overlap by one hour. That's good.

And so what that means is we're looking for the toll free numbers to come out possibly tomorrow. Now there's nothing absolute about that, but I want us to have our faith  ready to believe and to receive those toll free numbers if, in fact, they do come out tomorrow. We know that there's a lot going on behind the scenes.  Onfe of our bankers - Wells Fargo said, Just hang in there. This was said yesterday, just hang in there a couple more days.

Well, couple more days. It'd be Friday. That's tomorrow, so maybe that's when they manifest. Maybe that's when the rates come in, and that's when the toll free numbers for us come out in our emails.

 I think that it's very possible that we get this tomorrow, and through the weekend, we're setting appointments and exchanging

We know that a lot is supposed to be happening this coming week. And I mean politically, I mean, with NESARA - a lot, a lot of things are set to happen. I don't really want to get into the political side of it that much, but believe me, the tide has turned  in our favor.

 Finally. It has moved to where now  things can occur that we thought would happen months ago, months and months ago. They're waiting for the perfect time. The opportunity, opportune moment, to bring this Information out to us which will be most beneficial to the country and to us as a whole –

So I'm excited about what we have, where we're going, where we are now, and I feel like you know when this goes and when We have the numbers and when we're setting the appointments, we will be able to look back at years of waiting and say, it was worth it.

That's what I'm looking forward to - Sue is always telling me to look forward, don't look back. Let's look into the future, the present and future, which is now, and believe what we want, what we need, to believe about our future and put it out there --

So let's do this.  Let’s pray the call out everybody have a great weekend

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24   REPLAY LINK   Intel Begins   1:02:10

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK6c

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24  REPLAY  LINK     Intel Begins   1:01:50

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Bruce’s Big Call Dinar Intel Thursday Night 6-13-24   REPLAY LINK   Intel Begins   1:09:00

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Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24   REPLAY LINK   Intel Begins   1:02:50

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Bruce’s Big Call Dinar Intel Thursday Night 6-6-24   REPLAY LINK   Intel Begins   50:20

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Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24   REPLAY LINK   Intel Begins   56:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-30-24   REPLAY LINK   Intel Begins   1:04:40

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Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24   REPLAY LINK   Intel Begins   1:08:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-16-24   REPLAY LINK   Intel Begins   1:09:09

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Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Good Afternoon Dinar Recaps,

"Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.

* Stablecoin issuers are the world's 18th biggest holders of U.S. debt.

* Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law.

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow."

👆 Look for a stablecoin regulation to move into high gear now due to the above article information.

What are stablecoins backed by? You got it. Commodities.    CoinDesk

© Goldilocks

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Folks, Are you paying attention?
Owing to new European Union rules on stablecoins, we will no longer support the following assets from July 1st 2024:

DAI
FRAX
GUSD
USDP
TUSD
USDT
We'll continue supporting USDC, EURC and PYUSD

Wow !!!!

Why are these crypto stable coins being removed from uphold ?

Well it’s because they simply aren’t stable !

Remember MICA ?

MiCA establishes a framework for crypto-assets in the EU, covering their issuance, trading, offering, and custody. It also includes rules for stablecoins, licensing requirements for CASPs, and consumer protection measures. Some of the rules that will apply on June 30, 2024 include:

• Stablecoins  Only credit institutions (banks) and electronic money institutions (EMIs) will be able to issue stablecoins, promote their purchase, and request that trading platforms list.

• Crypto custodians  Crypto custodians are liable to their clients for the loss of crypto-assets or access to them if the incident is their fault

Big Dog 

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"In a market economy, a country's currency value is determined by supply and demand, just like other goods and services. When demand for a currency increases, it appreciates, or becomes stronger and more valuable. When demand decreases, it depreciates, or becomes weaker and less valuable." | Investopedia

"Yes, economic activity, including market interest rates, gross domestic product, and unemployment rate, can affect exchange rates. These rates are often called market exchange rates and are set in the global financial marketplace by banks and other financial institutions. Exchange rates can change hourly or daily, and can be small or large shifts." | Investopedia

I thought I would give you an idea of what's happening with Vietnam when they go to a Market Economy. Just so you know, supply and demand will determine their new exchange rates when they change their monetary policy to move into a Market Economy.

Both the United States and Russia have recently signed a Comprehensive Strategic Partnership with Vietnam. These two countries recognize Vietnam's capacity to step up to the plate, and into, a higher level playing field with their economies along with all the rights and privileges that go with it.

In a previous article, we were told that Vietnam would make this transition by the end of July 2024. The Investor   English News

© Goldilocks

~~~~~~~~~

Hong Kong Announcement:

"Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations"

This article is an advertisement of what Hong Kong offers going forward on their international market exchange locally and cross borders.

They offer the full arrangement of a regulated cryptosystem capable of using stablecoins worldwide.

Hong Kong has the ability to trade in multi-currency accounts through cryptos fully regulated in their financial system.   CoinGeek

© Goldilocks

~~~~~~~~~

A New Era in Iraq's Relations with the West?

"Amid growing pressure to dissolve the coalition and withdraw troops, the United States and its partners should continue pursuing good relations with Baghdad -- but this time with a lighter footprint and increased regional cooperation."

Currently, Iraq has a "mixed economic system" with aspects of it that is private and many parts of it regulated and governed by the government.

They are currently in transition and expected to meet goals to reclaim their independence as the year goes forward.

Expectations from previous articles state that they are to become their own market economy by the end of the year.

Their move towards independence as a nation and less guidance from government bodies outside of their own is currently in process.  Iraq Business News   Washington Institute

© Goldilocks 

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Supreme Court decision upholds Trump-era tax on offshore earnings - The Washington Post

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Revolutionizing Voting Systems Through Blockchain Innovations |  Smart Phone Magazine

~~~~~~~~~

Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy growth.

And with the advent of instant payments, the first new domestic payments rail in half a century, there is a new — and better — way to pay in the U.S.A. | Pymnts

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The Rising Economy Of Vietnam | Asia's Next Emerging Powerhouse? | Youtube

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Coin Gape

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Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance – Altcoins Bitcoin 

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Cryptocurrency 2024: SEC Enforcement, State Regulation, and the Need for Clarity | Youtube

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BREAKING NEWS:  Changes in the Developing Road Project #iraq  | Youtube

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America is in “A Bad Place”; Gold Can Restore Its Prosperity Says Trump Fed Nominee | Youtube

~~~~~~~~~

Crypto 101: What is a Node? | Youtube

~~~~~~~~~

Is It Too Late To Get Into Crypto? | Youtube

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

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Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Friday 6-21-2024

TNT:

CandyKisses:  Movement to activate the road agreement and the Chinese belt

Baghdad - Iraq Today:

The head of the parliamentary rights bloc, Saud Al-Saadi, renewed his call on the government to speed up the implementation of the Chinese Belt and Road Agreement, while revealing the collection of 60 deputy signatures to activate the Chinese agreement.

Al-Saadi said in a press interview that "the Belt and Road Initiative occurred in the time of successive governments and was a prelude to linking Iraq to the Chinese Belt and Road Initiative."

He added that "the Belt and Road Initiative to ensure Iraq's strategic and economic projects, pointing out that the agreement was procrastinated in the time of the Al-Kazemi government," pointing out that the current government is obligated to activate the agreement with China and link Iraq to the Belt and Road Initiative.

CandyKisses: During the Eid holiday. 3 northern governorates receive more than 320,000 tourists

Economy News - Baghdad

During the Eid al-Adha holiday, resorts and tourist areas in the governorates of Erbil, Sulaymaniyah and Halabja received more than 320,000 tourists, while statistics on the number of tourists who went to Dohuk were not yet available.

According to information and statistics from the Directorate of Tourism in Sulaymaniyah province, "more than 120,000 tourists visited the province and its tourist areas, most of whom are citizens of central and southern Iraq."

Compared to the same time last year, the percentage of tourists to Sulaymaniyah increased by about 20,000 tourists.

For its part, the responsible authorities in Erbil province announced that "117,421 tourists went to the province during the Eid holiday," noting that "54 felonies and 51 misdemeanors were recorded."

As for the province of Halabja, the Directorate of Tourism announced that "84 thousand and 176 tourists went to the province, for the purpose of tourism and vacation, and 40 violations and warnings were recorded by the inspection and control committees," noting that "there were no unfortunate incidents during that period, and the Eid plan was successfully applied, in terms of receiving tourists and creating the appropriate atmosphere for them."

The concerned authorities in Dohuk province did not announce statistics after tourists flocking to the governorate and its tourist areas during the Eid al-Adha holiday.

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

CandyKisses: Parliament calls on government to send important laws that affect people's lives

Baghdad - Iraq Today:

The MP for the State of Law Coalition within Radi called on the government to expedite the sending of the law on the salary scale of employees because of its importance in achieving social justice.

Radi said in a press interview that "there are important laws that the government still has waiting to be sent to the House of Representatives in order to legislate them during the current parliamentary session."

"The House of Representatives called on the government to send bills that serve the government and citizens, including the Federal Court Law, the Oil and Gas Law, the Slums Law and other laws," he said.

Radi expressed his "hope that the government will send important laws as soon as possible in accordance with the government program presented by Prime Minister Mohamed Shia Al-Sudani," stressing that amending the salary scale law has become necessary.

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

Tishwash:  Sudanese Advisor: We have prepared a comprehensive plan to combat corruption and recover funds

Today, Friday, Advisor to the Prime Minister for Oversight and Integrity, Muayyad Al-Saadi, confirmed today, Friday, the existence of a comprehensive plan to combat corruption and recover smuggled funds, while stating that Prime Minister Muhammad Shiaa Al-Sudani provided unlimited support to recover the funds and wanted persons.

Al-Saadi said, “Prime Minister Muhammad Shiaa Al-Sudani paid great attention and daily follow-up to anti-corruption measures, and worked in different directions,” noting that “teams were formed to receive news and reports about corruption, follow up on them, uncover them, and refer them to the Integrity and Public Prosecution Commission for the purpose of holding violators accountable, prosecuting them, and recovering the money.” 

He continued, "Among the trends that have been focused on is the periodic evaluation through semi-annual and annual reports through the regulatory agencies that follow up on the procedures of ministries and governorates in the field of combating corruption on a daily basis, as well as the issue of digital transformation and the procedures of the unified storage system for the purpose of controlling, following up and knowing funds." Balances and their movement,” noting that “all of these measures serve to combat corruption.”

He added, "The Prime Minister provided unlimited support to the Integrity Commission, the Financial Supervision Bureau, and law enforcement agencies, in order to recover funds and fugitive fugitives by providing all facilities," noting, "The procedures resulted in bringing in the fugitive defendants and depositing them with law enforcement agencies for the purpose of issuing special rulings." “With them.”

Al-Saadi pointed out, “There is a fund to recover the former regime’s funds, which operates according to its own law,” stressing that “a lot of money has been recovered, most recently from Swiss banks, where it was deposited in the Central Bank.”  link

Mot: Taaaaaaaaaaaaaaaaahhhhh -- Daaaaaaaaaaaaaaaaaaahhhh !!!!!

CandyKissses:  GOTTA GET MY LIFE TOGETHER

Coffee With MarkZ and Mr. Cottrell 6-21-2024

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: HELLO AND GOOD MORNING MARK AND THE CREW

Member: June 21,1788 US Constitution Ratified.

Member:  wish we had a dollar for every time we heard “real close” “almost there” “hang on” “maybe this next week” keep your “vibration high” we wouldn’t need the RV

Member: I woke up to messages from many people losing hope today Mark, help me out and give the people a bit of hope today.

Member: The PTB want us to give up hope. They want us to quit…don’t let them win.

Member: Well, Another weekend here ….maybe this is the one we have been waiting for.

MZ:” In Iraq news: “KBR wins $46 million dollar contract to support sustainable development in Iraq “ This is actually more exciting then you think. This is an American engineering firm that was just awarded this 5 year options to support infrastructure  and energy ambitions. This is a long term contract and they are moving forward with these mega projects.

MZ: What do they need to do these mega projects that they want to start immediately?  They need a heck of a lot more money than the current rate will support. To me this is a big one.

MZ: It has moved beyond the planning phase and is in the execution stage. For it to be executed it needs dollars…and we certainly think we know where those dollars are coming from.  

MZ: Another one that I think is exciting: “First Direct Flights between Erbil and London” This is real international cooperation. Erbil is wealthy in oil.. We have been told to keep eyes on the Erbil region.

MZ: Lots of chatter coming from bonds again after about a week’s lull.. Suddenly there is a flurry on this front. When I get my first confirmed bond payment – I hope to be able to share it. Things seem to be looking for this weekend or possible the first on next week for that bond activity. .   

Member: It’s always been said that bonds have to go first! Soon all this nonsense will stop!

Member: Talk of the HCL being voted on after the EID holiday. That should be the last piece of the puzzle for Iraq. The wait is no longer years, months, or weeks. Should be down to days now.

Member: Venezuela is in the process of joining BRICS. Will this slow down the RV?

MZ: I do not believe it will slow the process. If anything it could speed things up…imo

Member:  My local Chase bank just added to their front glass door “Wealth Management”….., Imagine that!

Member: My BANK said they're "upgrading this weekend-- and how much we'll like the change"!!!

Member: Well….if banks think something big could happen June 23rd…..we should all watch for it.

Member: Remember Marks military said things may happen for us by July 4th…..praying that still is true.

Member: today is a good day to have a great day

Member: You never know when a moment and a few sincere words can have an impact on a life.

Mr. Cottrell  and CBD Gurus join the stream today.. Please listen to the replay for their  information and opinions.

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.

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

Youtube:    https://www.youtube.com/watch?v=A4L4B0pXIf8