5 Biggest Money Mistakes When Retiring in the Midwest

5 Biggest Money Mistakes When Retiring in the Midwest

Gina Hagler  Mon, July 1, 2024

Retiring with little to no savings is a situation that even Americans who made the effort to save can find themselves in. Creating a nest egg is the important first step, but there are a number of ways that you can end up poorly managing it — before and after retiring.

Some of the universal mistakes include taking on too much risk or withdrawing too much, too soon. While the Midwest is attractive to retirees for its relative affordability, retiring still requires careful planning.

If you’re retiring in the Midwest, these are the biggest areas of concern through which you could slip up, according to Johnson Wealth and Income Management.

Retiring Too Early

A Bureau of Labor Statistics survey found that the average boomer-aged worker in Iowa switches jobs roughly 12 times, while a Federal Reserve Bank of Minneapolis survey recently indicated that workers are struggling to find jobs that offer higher wages and stronger benefits among the rising cost of living.

It’s recommended to not change jobs or leave the workforce without fully assessing the options you have available. You could end up losing out on 401(k) employer contributions and stock options without remaining employed for a certain period of time.

Not Accounting for Taxes

If you have a 401(k), traditional IRA or other tax-deferred account, you need to be mindful that taxes will eat a portion of your balance. If your tax bracket will be higher post-retirement, a Roth IRA or Roth 401(k) is a good idea so that your withdrawals will be tax free. If your tax bracket will be lower, opt for a traditional IRA or 401(k) so you pay lower taxes after retiring.

South Dakota is a Midwestern state with no personal income tax. This contributes to it being seen as a good place to retire, according to Travel + Leisure, but don’t forget that you still have to consider the overall tax burden (i.e., property taxes).

Not Considering Future Healthcare

To Read More:

https://finance.yahoo.com/news/5-biggest-money-mistakes-retiring-190108821.html

“Coffee With MarkZ” Tuesday Morning Chat 7-2-2024

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: Good morning everyone… good morning Markz …good morning mods

Member: Happy 4th of July week!

Member: So are your bankers still saying the 4th thru the 7th?

MZ: “BRICS: JP Morgan Predicts Huge US Stock Market Crash”, Stocks could fall 30% as US heads for a deep recession, analyst warns….A collapse of the banking system would force the issue …it would also cause unrest and starvation around the world. /so I hope the PTB will do this reset the right way.

Member: If white hats let this happen – they are as bad as the cabal/deep state…imo

MZ: Here is another big one: “ Stocks could fall 30% as US heads for a deep recession-analyst warns” I was told it could be 40% to 60% almost 20 years ago. .

MZ: One of my CMKX sources did a quick check-in and Fines and Penalties were updated again. They are hearing a lot of chatter and they are ready to go- prepared and ready.

Member: 3 more African nations just asked to join BRICS!

MZ: And there will be more!

Member: I cannot wait to see the African nations restored! They have many many riches~

Member: Mark, When Brics announces their gold backed currency, will that force the US to release our new notes???

Member: that is logical to me.

Member: Frank26 wouldn’t give us certain information but intentionally out his white shirt on. The white suit supposedly means we are a go.

Member: Simply Linn said this morning that we are on standby.

Member: Question: How can Iraq be excited when they have no A/C, lack adequate infrastructure (electricity), and is supposed to reach 126 degrees in Iraq today? Hard to celebrate when it's that hot outside.

Member: I read that this AM. The temp there is rediculous! They are having issues w electricity there. Time for change for sure

Member: Some are saying In Iraq- it will be a float and start out low. I don’t think that would work because of the contractors who want to know what they are getting paid?

MZ: I’m with you. I’m not saying a float is not possible….but I believe it would have to be managed and come out closer to the end rate they want.

Member: Today, we are one day closer to our breakthrough blessing day. Hold on, we will win the race. The finish line is close. Don't give up trusting and praying.

Member: I still say the 4th of July –Independence day would be the perfect day for the RV and us to be independent from financial tyranny.

Member: Remember Charlie did say the RV would go on a Thursday

Member: Let’s hope July 4th is “the Thursday” Charlie Ward keeps talking of.

MZ: There are a lot of rumors going around that this is the “go” We don’t know. Noone knows the timing.

Member: Everyone enjoy your day…..the best is yet to come.

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=ViBlRp2wPGU

“Tidbits From TNT” Tuesday 7-2-2024

TNT:

Tishwash:  Parliamentary Finance reveals the effects of the oil price increase and its differences in the 2023 and 2024 budgets

Member of the Finance Committee in the Iraqi Council of Representatives, Mustafa Al-Karawi, revealed today, Monday, the effects of the increase in the price of oil and its difference in the 2023 and 2024 budgets, while he spoke about the fate of the revenues of the difference in the price of a barrel, which is approaching the $10 limit for each barrel sold.

Al-Karawi said, "90 percent of the country's revenues depend mainly on oil, and the more oil revenues or the price of a barrel of oil increase, the lower the expected deficit in Iraq's budget."

He added, "There is no big difference between the 2023-2024 budgets, as the government relied on a price difference of about $10 if it built its budget on $70 per barrel and expected the current price of $80 per barrel."

Al-Karawi explained that "the increase in oil revenues will contribute to bridging the deficit, and since the expected difference is $10, the deficit coverage will be 16 trillion dinars in the 2024 budget."

It is noteworthy that Iraq sells about four million and 250 thousand barrels of oil per day, and needs about 54 trillion dinars as salaries ,  as the 2024 budget was approved at a fixed price of $70 per barrel, while the current price of a barrel is $90, which  reflects the fluctuations of the oil market.    link

Tishwash:  Prime Minister's Advisor Announces Iraq's Completion of Integration Steps by Providing Safe Environments to Attract Investment

 The financial advisor to the Prime Minister, Mazhar Mohammed Salih, identified on Sunday the important strategic, field and organizational factors that encourage international investors to work in Iraq, while pointing out two basic starting points for the development of the investment environment in the country.

Prime Minister Mohammed Shia al-Sudani confirmed last week, while chairing the eighth meeting of the Higher Committee for Reconstruction and Investment, that Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors, thanks to the facilities and legislation provided by the government since its formation. 

Saleh said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Prime Minister's statement regarding the development of the investment environment in Iraq comes from two main starting points: the first is Iraq's completion of its integration steps in providing safe and appropriate environments to attract foreign investment in Iraq, the latest of which is our country's accession to the agreement sponsored by the United Nations and called the Singapore Investment Agreement."

He added, "This agreement seeks to improve the investment climate in member states by enhancing transparency and fair regulatory procedures, in addition to providing mechanisms for resolving disputes between investors and countries through faster mediation or international arbitration, which gives investors a legal means to guarantee their rights, all of which are factors that the government of the Republic of Iraq believes in to encourage international investors to invest in our country with high resources."

Saleh stressed that "the Singapore Agreement and joining it is an important step towards enhancing international trade and investment, which contributes to achieving economic growth and improving economic relations between international groups."

He added that "the second part, which the Prime Minister referred to, is the momentum of the natural and human material resources of an important strategic country like Iraq, which ranked ninth among the countries of the world in terms of natural resources, and first in the world in possessing one square kilometer of resources in the ground."

He explained that "the geographical location of Iraq, which connects European countries by land with Asian countries by sea, encouraged the launch of the Development Road project, which took its executive steps from the Faw Port upwards within the construction of the dry canal and the upcoming related industrial, agricultural and service projects and in accordance with an important regional and international cooperation framework to attract global investments." 

He pointed out that "all these strategic, field and organizational factors represent a positive invitation for international investors to work in Iraq under the direct sponsorship of the executive authority to facilitate their work and with high-precision legal protection   link

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Tishwash:  Rafidain Bank announces the implementation of the comprehensive banking system in 31 of its branches in Iraq

Rafidain Bank announced today, Tuesday, the implementation of the comprehensive banking system in the Pharmacists Branch in Basra, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiya - Safwan - Arar - Trebil).

Thus, the number of effective and completed branches of the system becomes (31) branches, in an important step to strengthen the banking system, achieve its requirements, and move away from paper work and completely towards electronic systems.

The bank confirmed in a statement today that the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all the bank’s branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions    link

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Tishwash: The Ministerial Council for Economy issues decisions, including obligating government agencies to purchase national products

The Ministerial Council for Economy issued several decisions during its meeting in Baghdad, today, Monday, including obligating government agencies to purchase the national product in support of the country's economy, and the Ministry of Water Resources submitting a detailed report on the salinity treatment project, while approving several projects in the Rutba district in Anbar Governorate.

A statement issued by the Ministry of Foreign Affairs - received by the Iraqi News Agency (INA) - said: "Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the nineteenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs."

He added, "The Council hosted representatives of the Ministry of Oil to discuss facilitating customs procedures related to goods belonging to the Ministry of Oil (national effort contracts, licensing round contracts, and strategic contracts for the Ministry."

The Council confirmed - according to the statement - its decision and the circular of the General Secretariat of the Council of Ministers to allow the clearance of goods belonging to ministries, entities not affiliated with a ministry, and government institutions after submitting an official pledge to complete all customs procedures in accordance with the Customs Law when due. The Council also decided that the Ministry of Water Resources would submit a detailed report on the project to treat salinity and prevent the rise of salt tides in the Shatt al-Arab and the opinion of the advisory body regarding it.

The Council decided to emphasize to all ministries and entities not affiliated with a ministry the commitment to implement Article 30/Second of the Federal General Budget Law (purchase of the national product) in support of the national economy and national industry, especially with regard to liquefaction seals (which close containers for transporting goods and track them electronically), and the Ministry of Industry to proceed with procedures to impose product protection fees.

The Council also decided to approve the project to rehabilitate streets in the neighborhoods of Al-Mithaq Al-Jadeed, Al-Matar Al-Jadeed, and Al-Intisar in Rutba District, and to direct The Reconstruction Fund for Areas Affected by Terrorist Operations will follow up on the implementation of the work items during implementation and not upon initial receipt.

The Council also decided to recommend to the Council of Ministers to approve the recommendations of the committee on establishing mechanisms to regulate the import of used materials, with the review of controls every six months instead of three months.  link

Mot: Going to da Doctors While Raising the ""Wee Folks"" 

Mot:  .. Breaking news! Its July

MilitiaMan: IQD Update Part 2 - Iraqi Dinar - Automation for Revenues - Singapore Agreement - Global Investors

IQD Update Part 2 - Iraqi Dinar - Automation for Revenues - Singapore Agreement - Global Investors

MilitiaMan and Crew:  7-2-2024

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=RwFH2DD9ZE8

Iraq News Highlights and Points To Ponder Tuesday AM 7-2-24

Iraq's Economy Under The Bullets: How Violence Affects Investment

July 2, 2024  Baghdad/Al-Masala Event: The spread of weapons in Iraq represents a major challenge to security and stability in Iraq, while it is difficult to reach an accurate number that limits the number of weapons that Iraqis possess.

However, unofficial reports indicate that the number exceeds 15 million weapons, ranging from light, medium and heavy.

This widespread proliferation of weapons is mainly due to the inability to enforce the law on everyone, which creates a chaotic environment dominated by armed conflicts.

Tribal conflicts, especially in the southern and central Euphrates regions, are among the most prominent manifestations of this chaos, as tribes fight using heavy and medium weapons, leading to many casualties.

International armed groups are spreading in Iraq, whether on the border with Syria or in the northern regions of the country. These groups are often linked to neighboring countries, such as the Kurdistan Workers' Party, contributing to increasing the complexity of the security scene in Iraq and exacerbating the problem of the spread of weapons.

Dozens of Iraqis are killed every month due to the use of weapons, whether in tribal conflicts or in individual crimes.

As for the arms market in Iraq, it is difficult to control, according to a security source who says: “Weapons are traded illegally and at high prices, which makes it difficult for the authorities to control this market.”

Even doctors in Iraq face death threats while working in hospitals, reflecting the extent to which the spread of weapons affects various aspects of daily life.

The Iraqi police forces find it difficult to confront the loose weapons, as they fear intervening in armed conflicts for fear of being attacked.

This situation reflects the state's weakness in imposing its control over all areas and maintaining security effectively.

Under these circumstances, it becomes necessary to take serious measures to limit the spread of weapons in Iraq, by strengthening the capabilities of the security services and strictly enforcing the law on everyone, in addition to enhancing cooperation with the international community to limit the flow of weapons into the country.

In his government program, Iraqi Prime Minister Mohammed Shia al-Sudani pledged to end the phenomenon of loose weapons outside the official and legitimate institutions.

The spread of weapons in Iraq has significant negative effects on the lives of individuals and society in general, as it contributes to the rise in rates of violent crimes, such as murder, theft, and armed assaults, which makes the daily lives of individuals more dangerous and increases the feeling of insecurity.

Armed conflicts between clans result in many casualties and destruction of property, and these conflicts are often long-lasting and exacerbate social tensions. https://almasalah.com/archives/95819

The Dollar In The Parallel Market.. Al-Sudani’s Advisor Presents A Different Vision And Economic Experts: An Imaginary Stability

2024-07-02 Shafaq News/ The advisor to the Iraqi Prime Minister disagreed with what four economic experts said regarding the "stability" of the US dollar exchange rate against the Iraqi dinar, stressing that "the stability of the dollar is real and solid and not imaginary as some believe."

However, the economic experts said that the stability is "not reassuring," and what is happening now is a decrease in the dollar's volatility, while stability will occur when the dollar returns to the official price of the Central Bank.

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, says, “The exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1,220 dinars per dollar.

It is a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent.”

Saleh added to Shafaq News Agency, "Based on the above, and in light of the strength of the foreign reserves supporting the Iraqi dinar, whose value as liquid foreign assets exceeds $100 billion,

which is the highest in the history of Iraq in the development of its international reserves, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that affects the parallel exchange market due to urgent international or regional political events here and there."

He explains, "After the decline of the dollarization phenomenon in domestic transactions, especially in contracts, obligations and payments within the country since last year, legally, the parallel exchange market has become such that its general effects today only form a narrow economic scope of prohibited transactions practiced by informal markets and at a rate of 10 percent of the total supply and demand transactions for the currency."

Saleh concluded by saying, “Accordingly, the stability of the exchange rate of the dinar to the dollar that the country is witnessing, even in the secondary markets above, is a real and solid stability and not an illusion as some believe.

Rather, it is derived from the strength of the impact of the price and quantity factors of the monetary and fiscal policies and their integration in imposing overall price stability in the country and containing the inflationary expectations that were caused by the forces of the parallel exchange market during the past years.”

But the economic researcher, Ali Abdul-Kazem, explained that “the stability of the dollar occurs when the dollar returns to the official price of the Central Bank, but until now its price is more than 15 points above the official price in the budget, so there is no stability, but the fluctuation in the parallel market is somewhat stable as a result of several things, including the increase in the number of dollars that were for pilgrims.”

Abdul-Kazem added to Shafaq News Agency, "The budget has not been launched yet and its implementation began this month, and this also has an impact, as well as increasing the Central Bank's sales of dollars, and the recession witnessed by the markets reduces import operations, and all these reasons and others have helped to keep the dollar low in the current markets, as for the stabilization process, when the dollar reaches the official price, then it can be said that the dollar price has stabilized between the parallel and official."

The economic expert, Karim Al-Helou, agrees with what Ali Abdul-Kazem said regarding the instability of the dollar, “but these are temporary cases, because the issue of the dollar in Iraq is supply and demand. When bank transfers abroad increase without obstacles and routine, the demand for the dollar decreases, which leads to its decline.

When there are obstacles in Iraqi banks, especially with Iran, from which Iraq imports 13 billion dollars annually, we need hard currency to deliver it to Iran, or some places where a platform has not been opened, such as Iran and others, these require going to the market.”

Al-Halou explained to Shafaq News Agency, "This stability is temporary and lasts for days, and there are mafias specializing in the dollar that have huge amounts of dollars that they put down in the market, which leads to a decrease in its price, and then they buy it again and the supply decreases, which leads to demand for it and its price rises again."

He points out that "the budget has not been launched yet, and many projects are stalled due to the lack of advances for these projects, although the Prime Minister recently launched the delivery of advances, but it takes time due to the bureaucracy. Therefore, in this case, the demand for imported materials from abroad decreases, and therefore the demand for the dollar decreases, which leads to a kind of calm and stability that exists."

He explains, "Iraq imports 90 percent of its materials from abroad, most of which are in dollars. Some countries have opened platforms for them, and the Central Bank's transfers amount to 280 million dollars, which is a huge amount. In addition, citizens' travel for Hajj and other purposes, in addition to the summer vacation not starting for the sixth grade, all of this leads to a decrease in demand for the dollar."

“Therefore, all these factors lead the dollar to calm and stability. It previously fell to 144, but then rose again to 148, and the difference with the official 1320 is more than 15 points. Therefore, this is not stability. Rather, the correct stability is as it was before, when it was 1120 in the Central Bank and 1121 abroad. This situation continued for years, and strategic projects were set at 1121 for the dollar.

However, after former Prime Minister Mustafa Al-Kadhimi raised the dollar price against the dinar, the current Prime Minister, Mohammed Shia Al-Sudani, came and restored it, but the fluctuation continued, due to the presence of mafias, a political lobby, and banks affiliated with parties that have a relationship with the dollar file.”

Al-Halou concluded his speech by saying, “Therefore, the stability is not reassuring and not natural. Rather, it is merely periods for certain cases related to imports, travel, and all factors related to the exit of the dollar from Iraq.”

This is what the economic expert, Diaa Mohsen, also went to, who explained that “what is rumored about the stability of the US dollar exchange rate in the local market is a lie that some of those who ride the government ship are trying to promote, because the citizen knows that when the Prime Minister presented his government program to the Iraqi Council of Representatives, one of his priorities was to reduce the dollar exchange rate against the Iraqi dinar, and many pages were created to promote this topic, but to no avail,” he said.

Speaking to Shafaq News Agency, Mohsen attributed the rise in the US dollar exchange rate in the local market to a number of reasons that the Central Bank of Iraq could not address.

Either because it knows these reasons (and this is a disaster) but it cannot confront those responsible for this rise, or because it does not know these reasons (and this disaster is greater than the previous one) because the Central Bank of Iraq is entrusted with the money of the Iraqi people and not following up on this money and its spending doors is a breach of trust, he said.

He added, "Therefore, the talk about the stability of the US dollar in the local market is not true, because everyone knows that the decline in the exchange rate of the US dollar occurred during the Eid al-Adha holiday, and there is a relatively long holiday. In addition to that, Iraqi traders have begun to use other methods than smuggling the dollar out of Iraq, which is represented by buying gold and smuggling it."

He continued, "In general, we do not believe that the monetary authority, with its confusion in taking measures, can control the exchange rate of the US dollar, nor do the executive authority's measures have the ability to limit currency smuggling operations, whether foreign currency or gold. As for prices, they will not exceed 1,500 dinars per dollar and will not fall below 1,450 dinars per dollar."

While the economic expert, Abdul Rahman Al-Shaikhli, believes that “the fluctuation in the dollar price is a natural matter, and it continues from time to time as a result of being affected by the smallest details, including the departure and return of pilgrims, so the price will remain between 1450 and 1500 dinars continuously, and the fluctuation between these two numbers is a natural thing.”

Al-Shaikhli pointed out during his interview with Shafaq News Agency, "There are some residents abroad who control the currency by issuing and withdrawing the dollar when anything happens inside Iraq, taking advantage of opportunities to manipulate its price. This situation exists in all countries of the world and may be very clear in Iraq because we have not witnessed this experience before, but this remains a natural issue, and we should not worry about it, but if it continues for a long time, it can then be considered an abnormal event."  LINK

News, Rumors and Opinions Tuesday AM 7-2-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 2 July 2024

Compiled Tues. 2 July 2024 12:01 am EST by Judy Byington

Global Financial Crash Imminent

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for your family and to share with others in case of emergency.

Global Currency Reset:

Mon. 1 July 2024 Wolverine: “There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning and should come sometime this week. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Tier4b monies have been positioned. Private contractors are being paid. Bond Holders are in position. I’ve seen the signed contracts and certified documents for the reset. Hold on. It’s coming.”

~~~~~~~~~~~~~

Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th. 

GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.

The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations. 

The launch of the RV was slowed down due to many Hacker and Cyber Attacks.

There will be an Internet Blackout

The White Hat Military are in control of the redemption process.

Wells Fargo and HSBC are leading these operations across the Globe.

There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.

All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.

The RV is being negotiated on the Forex.

~~~~~~~~~~~

Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.

~~~~~~~~~~~

Global Financial Crisis:

Mon. 1 July 2024: INTEL: Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! – #site_titleQuantum Financial System, Global Currency Revaluation, and the Med Beds 5D ~ Trust the Plan! (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/07/02/restored-republic-via-a-gcr-update-as-of-july-2-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
They tell us on July the 18th we will be official but they keep hinting...that we're already part of the WTO.  They got some guy from the WTO saying that the WTO got this on our WTO calendar already... The newscast saying that is the day Iraq is fully accepted with no hold back or limitations on our currency.  FRANK:  This is very good news. IMO the new exchange rate should be well before that date...

Pimpy   Article:  "Customs complete the first phase of the automation project and reveals its revenues within 5 months"  They've been kept in the dark ages for a long time.  Everybody was doing everything by paper and pencil and it was kept that way for a reason...Banking and other institutions are seeing their companies change with this new technology are going to be excited.  It's going to make their work a lot more efficient...it's only going to get better for Iraq.  This is one of those way they can generate revenue other than from oil.  This is exactly what they need to diversify.  Quote "revenue rate will raise by the end of this year to 200% from what it was in 2022."  That's a hell of an increase...it's going to boom over there...

US Political Chaos & Emergence Of BRICS Currency | Peter Grandich

Liberty and finance:  7-1-2024

The BRICS nations will likely this fall make movements towards a joint currency, possibly tied to gold, says Peter Grandich .

Gold has surged higher this year and stayed near all-time highs. The emergence of a BRICS currencies tied to gold is one of the reasons for gold's sustained rally, he believes.

Amid political and financial chaos in the U.S., it's time to build a financial ark. And he says owning hard assets like gold and silver offers the best protection.

INTERVIEW TIMELINE:

0:00 Intro

1:52 Political chaos

10:30 BRICS currency

15:50 Gold market update

25:00 Building an ark

https://www.youtube.com/watch?v=SvR6PQ7eXE4

Bretton Woods at 80: Evolving for the new global economy

Atlantic  Council:  7-1-2024

This event marks eighty years since the opening of the Bretton Woods Conference that created the World Bank and the IMF with senior officials from the World Bank, IMF, US Treasury, and the UK.

https://www.youtube.com/watch?v=rfIUl0ucQSM

MilititaMan: Iraqi Dinar Part 1 - IQD Update - Progession of Intergration, Accession & implementation of Reforms

Iraqi Dinar Part 1 - IQD Update - Progession of Intergration, Accession & implementation of Reforms

MilitiaMan and Crew:  7-1-2024

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=MmpiskQKQBI

Iraq Economic News and Points To Ponder Monday Evening 7-1-24

The Kurdistan Region Deposits 70 Billion Dinars In Non-Oil Revenues Into The Federal Government’s Account

 July 1, 2024  Members of the security forces wearing masks walk in front of the citadel of Erbil, a touristic landmark usually busy with visitors, in the capital of the northern Iraqi Kurdish autonomous region, during a period of a global pandemic of the coronavirus Covid-19 on March 15, 2020. (Photo by Safin HAMID / AFP)

 Erbil/Iraq Observer  Today, Monday, the Ministry of Finance in the Kurdistan Region announced the deposit of more than 70 billion dinars in the federal government’s account as non-oil revenues for the month of March.

 According to a statement issued by the ministry, it explained that

 “the Kurdistan Regional Government sent non-oil revenues for the month of March to the Iraqi Ministry of Finance.” The statement also indicated that

“the region deposited in the Erbil branch of the Central Bank of Iraq the amount of 70 billion, 130 million and 250 thousand dinars as the federal treasury’s share of non-oil revenues for the same month.”

 This announcement comes within the framework of continued cooperation between the Kurdistan Region and the federal government regarding achieving financial and economic stability in Iraq https://observeriraq.net/إقليم-كردستان-يودع-70-مليار-دينار-كإيراد/      

Iraq Signs The Singapore Convention To Attract Foreign Investments

 Amr Salem July 1, 2024 Part of the Iraqi capital, Baghdad. Photo: Shafaq News

Baghdad (IraqiNews.com) – Iraq hailed the ratification of the United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention) as a historic step toward attracting foreign investors.

 Iraq’s National Investment Commission (NIC) and the United Nations Development Programme (UNDP), under the auspices of Prime Minister Mohammed Shia Al-Sudani, conducted a high-profile mediation meeting on Wednesday, according to a statement released by UNDP.

The Prime Minister’s Advisor, Nasser Al-Asadi, reaffirmed the government’s unwavering focus on foreign investment.

 “We are continuing our progressive reforms and working to make Iraq an appealing and secure investment destination,” Al-Asadi explained.

 “Iraq’s admission to the Singapore Convention is a big step forward, strengthening our efforts to develop a dynamic corporate sector,” the Iraqi official stated.

 “We will continue our efforts to boost investment, eradicate corruption, and provide job opportunities for the youth,” Al-Asadi elaborated.

 Iraq took a huge stride forward on April 17, 2024, when it signed the Singapore Convention, which makes it easier to implement mediated settlement agreements, paving the way for more international trade and commerce between countries.

 The conference was attended by the European Union (EU) Ambassador to Iraq, Thomas Seiler, who confirmed that the EU is collaborating with the Iraqi government and UNDP to assist Iraq in becoming a secure and appealing destination for foreign investment, including from the 27 EU Member States.  

 https://www.iraqinews.com/iraq/iraq-signs-the-singapore-convention-to-attract-foreign-investments/    

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

Provoking Thoughts and Points To Ponder On Adversity:

Forget the times of your distress, but never forget what they taught you.  - Herbert Gasser

You can learn little from victory. You can learn everything from defeat.  - Christy Mathewson

A smooth sea never made a skillful mariner.  - English proverb

When a man is pushed, tormented, defeated, he has a chance to learn something; he has been put on his wits ... he has gained facts, learned his ignorance, is cured of the insanity of conceit, has got moderation and real skill.  - Ralph Waldo Emerson

From their errors and mistakes, the wise and good learn wisdom for the future.  - Plutarch

By becoming more unhappy, we sometimes learn how to be less so.  - Madame Swetchine

Every experience, however bitter, has its lesson, and to focus one's attention on the lesson helps one overcome the bitterness.  - Edward Howard Griggs

A good scare is worth more to a man than good advice.  - Edgar Watson Howe

It is from the level of calamities ... that we learn impressive and useful lessons.  - William Makepeace Thackeray

When I have listened to my mistakes, I have grown.  - Hugh Prather

We only think when we are confronted with a problem.  - John Dewey

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

http://famousquotesandauthors.com/quotes_by_topic.html

Seeds of Wisdom RV and Economics Updates Monday Evening 7-1-24

Seeds of Wisdom RV and Economics Updates Monday Evening 7-1-24

Good evening Dinar Recaps

NEW JAPANESE BANKNOTES TO BE ISSUED FROM JULY 2024 

"The banknotes feature as an anti-counterfeiting measure the world’s first three-dimensional holograms that make the portraits on bills appear to rotate when tilted. Tactile marks allow the visually impaired to identify the denominations."

"From the time that they are issued, the new banknotes will be available from financial institutions and ATMs. Currently issued banknotes will continue to be legal tender."

This ISN'T a revaluation of Japan's currency.

© Newshounds News™

Read more:  Nippon

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COMMERCIAL REAL ESTATE FACING UNCERTAIN TIMES

"US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report"

"Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report.
The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times."

“…These steps indicate a grudging acceptance by some lenders that the banking industry’s strategy of ‘extend and pretend’ is running out of steam, and that many property owners – especially owners of office buildings – are going to default on mortgages. That means big losses for lenders are inevitable and bank earnings will suffer.”

© Newshounds News™

Read more:  Daily Hodl

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WHAT EXACTLY IS FEDNOW?

"The FedNow Service is a new service for instant payments built by the Federal Reserve to help make everyday payments fast and convenient for American households and businesses. Banks and credit unions of all sizes can sign up for the FedNow Service and offer new instant payment services to their customers. In the coming years, customers of banks and credit unions who sign up for the FedNow Service will be able to use their financial institution's app, website, and other interfaces to send instant payments directly from their bank accounts quickly and securely. "

"The FedNow Service enables individuals and businesses to send and receive payments within seconds at any time of the day, on any day of the year, so that the receiver of a payment can use the funds immediately."

Instant payments allow consumers and businesses to send and receive funds from their accounts at banks and credit unions in real-time, any time of day, any day of the year, with immediate funds available to receivers.

© Newshounds News™

Read more:  FederalReserve

~~~~~~~~~

IS FEDNOW A CBDC?

"Is the FedNow Service replacing cash? Is it a central bank digital currency?
No. The FedNow Service is not related to a digital currency. The FedNow Service is a payment service the Federal Reserve is making available for banks and credit unions to transfer funds for their customers."

"Does the Fed have access to my bank account with the FedNow Service?
No. The Federal Reserve and the FedNow Service cannot access individuals' bank accounts or control how they choose to spend their money."

© Newshounds News™

Read more:  FederalReserve

~~~~~~~~~

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Thank you Dinar Recaps

FRANK26…….7-1-24…….LET’S TALK

KTFA

Monday Night Conference Call

FRANK26…….7-1-24…….LET’S TALK

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=MEd9AJzU0hU

Monday Evening Chat with MarkZ 7-1-2024

Monday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member:  Good evening to all of the Mark Z family.

​​Member: Read today it the 45th anniversary of the Vietnam war. Not on the news anywhere!

Member: Hey Mark did you ever think we would still be waiting this long for the RV?

Member: Any thoughts on the 4th? Would be nice to get the change on that day.

MZ: On the Treasury side the rumors are dropping left and right. Everthing from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors….same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose.

MZ: Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…..things still look great.

Member: People in Iraq are going to lose faith in Sudani if he doesn’t hurry. IMO

MZ: I feel that as far as Iraq is concerned it is done and prepared. They are just waiting on the “go” so they can announce and move forward

Member: I guess the US has not signed off on it yet?

Member: I think Iraq is being held back on purpose.

MZ: I agree , but think its temporary and we are about to see it rip.

Member: I read the bonds aren't done because the first one in Germany showed up on the Fiat ledger and that had to be fixed before they can finish teir 3

MZ: 2 of my bond folks checked in this morning and are hopeful final contracts and 1% will occur tomorrow.

Member: Will I get an RV for my birthday July 12th?

MZ: I think there is an excellent chance we will see it by then.

Member: Im struggling with the timing of this i know its going to happen but man everything is going to crap

Member: Having trouble staying motivated. I knows it’s a when, not an if. The fuse has been burning for so long, I can’t keep excited

Member: The Music getting ready to go…. watch the fireworks!!

Member:  Countdown to RV. Tick, tick, tick. Roll credit on Iraqi Dinars and BRICS.

Member: Thank you Mark, mods. You all work so hard to keep us updated… thank you. Blessings to all. Have a good evening.

“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=QtGE96TVQ-k