Iraq Economic News and Points to Ponder Sunday AM 7-14-24

Iraq Moves To Break Restrictions On The Dollar In Crucial Talks With Washington

 July 13, 2024 Last updated: July 13, 2024   Al-Independent / Follow-up / - Iraq has begun a round of talks in Washington with representatives of the US Treasury Department to address issues related to restrictions imposed on the dollar, as announced by Iraqi Foreign Minister Fuad Hussein during a press conference broadcast by the Iraqi government media channel.

 Hussein described the meetings as “very useful,” indicating that they would continue.

 Topics scheduled for future discussions include further talks on the list of Iraqi banks subject to US sanctions, and the status of Iran’s money accumulated in Iraq.

Hussein said:   “There are serious steps to resolve these issues.”

 Iraq witnessed a shortage in the availability of dollars last year, after the Federal Reserve Bank of New York began closely examining transfers to Iraqi banks.

 Iranian companies and individuals have long used banks in neighboring Iraq to access dollars and circumvent US sanctions.

 The Central Bank of Iraq pledged to restrict all internal commercial transactions starting this year, in an attempt to limit dollar transactions outside the Iraqi banking sector, and limit its smuggling abroad.  Hussein indicated that the

talks with the US Treasury Department aim to ease these restrictions and ensure the dollar flows more smoothly into the Iraqi economy.

 It is expected that these talks will contribute to developing sustainable solutions to the financial issues facing Iraq, and relieving pressure on the national economy.  In conclusion, Hussein stressed that  there are serious steps to resolve these issues, and that the  talks will continue to ensure tangible results in the near future.   https://mustaqila.com/العراق-يتحرك-لكسر-القيود-على-الدولار-ف/

Sources: The Governor Of The Central Bank Of Iraq Made An Unannounced Visit To Washington Regarding The Chinese Yuan

 Economy     Washington     breaking     Visit     Governor of the Central Bank  2024-07-12 23:06   Shafaq News/ Informed sources revealed, on Saturday, that the Governor of the Central Bank of Iraq, Ali Al-Alaq, is making an officially unannounced visit to the United States of America to discuss with officials in Washington regarding the US Federal Reserve’s decision to stop Baghdad’s dealings with the Chinese yuan.

 The sources told Shafaq News Agency that  Al-Alaq left for Washington last Tuesday to meet with officials at the Federal Reserve and the US Treasury.  She added that

Al-Alaq is discussing with American officials the decision to stop Iraq's dealings with the Chinese yuan, indicating that the

 Governor of the Central Bank is also discussing during his visit the required obligations regarding Iraqi banks that are deprived of dealing with the dollar.

The visit of the Governor of the Central Bank of Iraq, Ali Al-Alaq, to ​​Washington coincides with a significant jump in the exchange rate of the dollar against the dinar, and more than two months after the visit of Prime Minister Muhammad Shia Al-Sudani to the United States.  https://shafaq.com/ar/اقتصـاد/مصادر-محافظ-البنك-المركزي-العراقي-اجرى-زيارة-غير-معلنة-لواشنطن-بش-ن-اليوان-الصيني    

The Central Bank's Monetary Policy And Lack Of Transparency Threaten The Iraqi Economy

July 13, 2024 Last updated: July 13, 2024   Independent / Follow-up / - Economic and media sources revealed that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, refused to publish the financial tables of the Central Bank for the year 2023, as the list published on the bank’s website showed that the last published table dates back to November of last year.

 The sources confirmed to the Independent that the reasons for the governor’s refusal to publish financial schedule data are due to the large volume of new currency issuance.

 The sources explain that a state of inflation in liquidity has reached enormous numbers due to the absence of oversight by the House of Representatives over the work of the Central Bank, in addition to clear corruption in the file of the dinar exchange rate against the dollar.

In this context, independent politician Hussein Al-Falluji warned against excessive issuance of new currency and its impact on the Iraqi economy.  In his article published by Al-Mustaqila, Al-Faluji said:

  “In light of the economic challenges facing Iraq, the importance of issuing new currency as a monetary policy tool to achieve economic growth and financial stability appears.

Unfortunately, these funds were ineffectively directed towards consumer sectors rather than productivity, leading to increased inflation and depletion of hard currency balance.”

 According to available statistics, the volume of cash issued at the end of 2017 amounted to more than 44 trillion Iraqi dinars, while the volume of the monetary mass exceeded 103 trillion Iraqi dinars at the end of 2023.

Al-Falluji indicated that these funds were directed towards the salaries and subsidies sector instead of being directed towards sectors Productivity. He stressed that

if these funds had been directed wisely towards the industrial, agricultural, tourism and mining sectors, the economic situation in Iraq would be much better than it is now. Al-Falluji concluded by

 stressing the need to reconsider the use of new cash and adopt a strategy that focuses on directing funds towards productive sectors that generate income in hard currencies and supporting the private sector, to improve the economic situation in the country in a sustainable manner.

 Does inflation continue to threaten the Iraqi economy?

 This case highlights the urgent need to carry out radical reforms in the monetary and supervisory policy of the Central Bank, and to find effective mechanisms to reduce corruption and ensure transparency in the management of public funds to achieve real and sustainable economic development in Iraq.    https://mustaqila.com/السياسة-النقدية-للبنك-المركزي-وغياب-ا/     

The Financial Supervision Authority Announces The Preparation Of A Draft Of The Updated Unified Accounting System

 Office of Financial Supervision Building

money and business Economy News - Baghdad  On Thursday, the Financial Supervision Bureau announced that  measures had been taken to develop and improve the accounting and auditing professions in Iraq, and while it referred to the issuance of the internal control guide binding on all government agencies,

 it confirmed the preparation of a draft of the updated unified accounting system in accordance with international standards.

 The Assistant Head of the Financial Supervision Bureau, Qaiser Al-Saadi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that

 “the Federal Financial Supervision Bureau seeks to achieve its goals specified in accordance with its founding law, including developing the accounting and auditing professions in Iraq.”  He explained that

"one of the most prominent steps taken by the Bureau is issuing reports evaluating internal control systems in ministries and entities not affiliated with a ministry and governorates," indicating that

 "the goal of this is to

      raise the level of performance of these formations,

     enhance efforts to combat financial and administrative corruption,

     improve institutional performance, and

     work on the principle of preventive oversight." To reduce this phenomenon.  He pointed out that

  “the Bureau has issued an internal control guide that has been circulated to all government agencies for mandatory adoption starting from 7/1/2024,” noting that

“this guide aims to help these agencies accomplish their work in a way that ensures tight supervision and control.” on financial transactions and preservation of public money.”  He added,

 "The Bureau has finished preparing the draft of the updated unified accounting system in accordance with international standards.

This draft has been circulated to government agencies, unions, and universities for the purpose of expressing opinions and making appropriate amendments in preparation for its actual implementation in the near future."  He continued:

 "The Bureau also contributed to the holding of the first session of the Regulatory and Accounting Standards Council in the Republic of Iraq for the year 2024 after a break of more than four years.

 During this session, oversight and accounting issues were discussed and appropriate decisions were taken regarding them, which contributes to developing the work of the profession in Iraq."  He pointed out,

 "These steps come within the framework of the Bureau's commitment to

     developing and improving the accounting and auditing professions in Iraq in line with

     international standards and contributing to

     enhancing integrity and transparency in government institutions."  He continued,

 “The Bureau relies, in performing its work, on international standards issued by the International Organization of Supreme Audit Institutions (INTOSAI), and

the Bureau is also a

      prominent member of the organization and has many contributions, including participating as a

      member of (5) working groups and attending seminars between INTOSAI and the United Nations.” 

 And cooperation with the INTOSAI Development Initiative in its various programs, in addition to the Bureau assuming the presidency of the organization’s strategic planning committee.”  Al-Saadi stated that

 “the Bureau has cooperation with international and local organizations and counterpart supervisory bodies such as the

      Dutch Court of Audit, in the field of performance evaluation and peer review, the

      Court of Accounts in Morocco in the field of judicial oversight, the

      Polish Oversight Service in the field of auditing according to the risk method, as well as the

      German Cooperation Agency (German Cooperation Agency) Giz), the

      Korea International Cooperation Agency (Koica), the

      Japan International Cooperation Agency (Jika) and the

      Indian Technical and Economic Cooperation (ITEC) programme. 

He pointed out,

  “the numerous activities with the regulatory bodies in the Arab and Islamic countries, such as the

      General Accounting Bureau in the Kingdom of Saudi Arabia, the

      Audit Bureau in the State of Qatar, the

      Turkish Court of Accounts, the

      Supreme Court of Audit in the Islamic Republic of Iran, the

      Accounting Council in the Republic of Algeria, and many others,” pointing out that

 “these Standards and evidence, along with international cooperation, contribute to enhancing the effectiveness and efficiency of the Bureau in exercising its oversight work in a way that ensures transparency and integrity in government institutions.” He stressed

  “the commitment of the Federal Financial Supervision Bureau to enhance transparency and integrity in all state institutions by working in accordance with international standards and effective cooperation with regulatory authorities and international organizations,” stressing

 “continuing efforts in

     developing the accounting and auditing professions and

     providing technical and accounting support to ensure performance is achieved.” Optimization and preservation of public money, as well as attaching great importance to

     supporting the role of youth in building the future by enhancing their capabilities to be true partners in combating corruption and evaluating government performance in order to achieve the desired goals.”

 views 258    07/11/2024 - https://economy-news.net/content.php?id=45129    

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

8 Money Moves Empty Nesters Should Make Immediately

8 Money Moves Empty Nesters Should Make Immediately

Cindy Lamothe  Fri, July 12, 2024   GOBankingRates

The moment your youngest moves out of your family home is an emotional time, to say the least. You’re dealing with enormous change while also thinking about the future.

Becoming an empty nester can be an overwhelming experience, but according to experts, you should also make some strategic financial moves right away.

“Empty nesters must immediately reassess their financial priorities and redirect resources previously allocated to child-rearing,” said Abid Salahi, co-founder of FinlyWealth.

Reevaluate Your Financial Goals

“As empty nesters, it’s time to revisit and update your financial plans,” said Justin Godur, finance advisor and founder of Capital Max.

With fewer immediate responsibilities, he said you can now focus on long-term goals like retirement savings, travel or starting a new venture.

“I always tell my clients to adjust their savings strategies and ensure they align with their new life stage.”

Ben Klesinger, co-founder and CEO of Reliant Insurance Group and Helping Hand Financial, also reevaluated his financial goals with his wife upon becoming empty nesters.

“With fewer expenses, we travel internationally once a year now,” he said.

“Experiencing new cultures and adventures is rewarding after years of focusing on family responsibilities,” Klesinger said. “The trip budget comes from funds previously spent on the kids’ activities and expenses.”

Maximize Retirement Contributions

At this stage in life, experts advise increasing your contributions to retirement accounts like 401(k)s or IRAs.

“I personally boosted my retirement savings significantly once my children were on their own, leveraging catch-up contributions to maximize tax advantages,” Godur said.

Experts agree that this period is perfect for catching up on any retirement savings gaps.

“When I became an empty nester five years ago, I was shocked to realize I had unknowingly spent an average of $14,000 annually on my children’s expenses,” Salahi said.

“I’ve significantly improved my financial outlook by redirecting these funds to my retirement accounts,” he said. “This personal experience has shaped my advice to clients in similar situations.”

Streamline Your Budget

Make sure to analyze and adjust your budget to reflect the change in household size. For example, redirect funds previously allocated for children’s expenses towards investments or debt reduction.

“In my experience, this reallocation can substantially improve financial health and free up resources for future endeavors,” Godur said.

Consider Downsizing

A big money move to start considering is the possibility of downsizing your home.

Read More:  https://www.yahoo.com/news/finance/news/8-money-moves-empty-nesters-150052163.html

“Tidbits From TNT” Sunday Morning 7-14-2024

TNT:

Tishwash:  Al-Sudani invites Saudi and Egyptian businessmen to invest in hotels and entertainment facilities

On Saturday, July 13, 2024, Prime Minister Mohammed Al-Sudani held a meeting with a delegation of Egyptian and Saudi businessmen, inviting them to invest in hotels and entertainment facilities.

Al-Sudani received, according to a statement from his office, which was reviewed by "Ultra Iraq", a delegation of Egyptian, Saudi and Iraqi businessmen, including; Chairman of the Board of Directors of TMG Company Hisham Talaat Moustafa, Chairman of the Board of Directors of Al-Muhaidib Group Suleiman Abdul Qader Al-Muhaidib, CEO of the group Essam Abdul Qader, Director of Development in the group Raed Ibrahim Al-Madhiem, Director of Al-Maysara Group Yasser Qasim Zagher, and businessman Ahmed Talaat Hani,

All of whom are specialized in real estate development and the establishment of integrated and smart residential cities, in the presence of the Saudi Ambassador to Iraq Abdulaziz bin Khalid Al-Shammari."

Hisham Talaat Moustafa is one of the most prominent businessmen and politicians in Egypt. He was sentenced to death for his conviction in the murder of Lebanese singer Suzanne Tamim. The Cairo Criminal Court then sentenced him to 15 years in prison instead of the death penalty , before Abdel Fattah el-Sisi's regime decided to pardon him and release him from prison.

Al-Sudani called on "Egyptian and Saudi company owners to invest in the field of tourist resorts, hotels and entertainment facilities, as Iraq has many diverse tourist destinations," indicating that "development and progress in Iraq serve the economic interests of the rest of the Arab countries."

He pointed out that "Iraq is witnessing rapid growth and a phase of recovery, and there are many promising investment opportunities, especially in the field of housing and new city projects, as the country needs about 3 million housing units," stressing that "the government is moving towards building integrated cities that include all sectors, services, entertainment and commercial facilities, and are linked to the capital, Baghdad, by an advanced network of transportation routes."

Al-Sudani explained that "the government has offered projects for 5 new cities for investment in Baghdad and some governorates, and it is moving towards launching 11 new cities, just as it supports successful investment experiences," noting that "what is important about modern cities is that they contribute to solving the housing crisis, especially for low-income groups."

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Tishwash:Chinese CETC Group expresses interest in Iraq's infrastructure and economic projects

The Chinese CETC Group, specializing in energy, construction technology, and infrastructure, expressed to PM Mohammed Shia Al-Sudani its desire to participate in Iraq's infrastructure and economic projects.

According to a statement from the Prime Minister's office, Al-Sudani received a delegation from the prominent Chinese group. He highlighted the government's economic approach of embracing "productive partnerships and enhancing Iraq's investment environment to attract global companies."

Moreover, the Iraqi Prime Minister stressed that the government aims to "attract investments and strengthen partnerships with the Iraqi private sector by providing supportive guarantees."

The Chinese delegation expressed their interest in expanding cooperation with both the Iraqi public and private sectors across various economic and investment fields.

Notably, Iraq and China are partners in many areas. Iraq is one of the top oil suppliers to China, and Chinese companies operate in various sectors in Iraq, including oil and gas extraction and school construction. Additionally, both countries are cooperating on the Belt and Road Initiative and the Development Road project.   link

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Tishwash: Iraq in Talks With US Treasury Over Banks, Dollar Restrictions (bloomberg)

Iraq has engaged in discussions in Washington with representatives from the US Treasury to address dollar restriction issues, Iraqi Foreign Minister Fuad Hussein said during a press conference aired on state-run media al-Iraqiya.

Describing the meetings as “very useful,” Hussein indicated that they would continue. Topics slated for upcoming discussions include further talks on the list of Iraqi banks under US sanctions and the status of accumulated Iranian funds in Iraq. “There are serious steps to resolve these issues,” Hussein said.

Iraq experienced dollar shortages last year after the New York Fed began scrutinizing transfers to Iraqi banks more closely. Iranian businesses and individuals have long used banks in neighboring Iraq to access the greenback and get around US sanctions.

Iraq’s central bank pledged to restrict all internal commercial transactions as of this year, in an apparent attempt to curb dealings of the dollar outside Iraq’s banking sector and limit its smuggling abroad.

Last week, the exchange rate for the dollar against the Iraqi dinar in the unofficial market rose from 1,450 to nearly 1,500 dinars per dollar. Local news agencies, citing a lawmaker, attributed this increase to measures by the Federal Reserve, which halted transactions from dollars to yuan aimed at supporting Iraq’s foreign trade.  link

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Why did Iraq stop dealing in the Chinese yuan?

The Parliamentary Finance Committee revealed the reasons behind Iraq’s suspension of dealing in the Chinese yuan, while indicating that many of the Central Bank’s procedures are governed by American will.

Committee member Moeen Al-Kazemi said in a press statement that "the US Federal Bank imposed on Iraq to stop dealing in the Chinese yuan, under the pretext that there was manipulation in some transfers or certain problems occurred, indicating that "Iraq's money, as we know, is included in the US Federal Bank as a result of the sale of oil at an amount of 3.5 million barrels per day, and this money enters the Federal Bank and is not transferred to Iraq in cash. It witnessed a transfer to Iraq through corruption transfers from the Central Bank and the Federal Declaration."

Al-Kadhimi continued, "Many of the central bank's measures for the government are governed by American will, and this will may be explained by administrative and financial reasons, not financing terrorism, and others," and he announced that "the reasons are political with the aim of pressuring the Iraqi government."

Is the Chinese currency canceled?

Al-Kadhimi stressed that "the merchant and the Central Bank must have multiple options and not only deal in dollars, so this suspension is temporary and not permanent," noting that "the committee will ask the Central Bank to address the issue and have a diverse price basket, so that the options are more for the Central Bank and Iraqi merchants."

Al-Kadhimi stated earlier that "China's remittances in yuan have been temporarily suspended until auditing mechanisms are found."

He continued, "During the past period, there have been major manipulations of China's affairs." link

Mot.... Buying New FURniture in da Future - Tips!!!! 

Mot: He Tries - He Really Does!! –

News, Rumors and Opinions Sunday AM 7-14-2024

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 Sun. 14 July 2024

Compiled Sun. 14 July 2024 12:01 am EST by Judy Byington

Global Currency Reset:  Opinions/Rumors

Judy Note: Numerous sources report that the Rodriguez monies (destined for humanitarian use) of the Global Currency Reset were released on Thurs. 11 July. Other monies including the St. Germaine Trust would likely be released sometime next week. Some Bond Holders and large Groups have been paid. Bankers have a booklet titled “Global Currency Reset” instructing them on how they can adjust to the gold/ asset-backed system.

Fri. 12 July 2024: The Imminent Global Currency Reset and NESARA GESARA: Black Swan Event, QFS, EBS, The Insolvency of 9 Nations & Global Market Crash – American Media Group (amg-news.com)

Sat. 13 July 2024 Imminent NESARA Trigger: Worldwide Banks to Shift to Precious Metals, Erasing All Credit Card, Mortgage, and Loan Debts Globally! – Gazetteller

Sat. 13 July 2024 Rodriguez Estate Manager Jeff Rahm (go to 46 min. mark): Weekend News with MarkZ. 07/13/2024 (youtube.com)  https://www.youtube.com/live/KiwzpYT3bGI?si=Z-nblkbtyEkbWjOG

MarkZ has Jeff Rahm on his show. He claims to be the asset manager for the Rodriquez Estate and has proof of such.  

The Rodriguez Family Estate came from King Solomon’s Temple. The Estate holds much value – it’s a 4 followed by 140 zeroes.

The gold is mainly stored in a Philippine 27 mile tunnel filled with gold bars, (plus rubies, diamonds, pearls), the gold bars stacked ten feet thick, ten feet high to the ceiling.

The Rodriguez Estate monies are to be used for Humanitarian purposes including for the Philippine people.

Jeff says the sleeper in the foreign currency crowd is the Bolivar – he says it’s going at

Bond Holders are being paid. Large entities are being paid. There was all kinds of evidence that Dinar, Dong and Zim exchanges/ redemption will be next week.

~~~~~~~~~~~

Global Financial Crisis:

Sat. 13 July 2024: Two of the largest banks in the US, JP Morgan Chase and Wells Fargo, are declaring a staggering $3.5 billion in debts that customers can’t pay back.

Sat. 13 July 2024: Banks Shutting Down. Banks closed 539 local branches across the country in the first half of the year – leaving more and more Americans without access to basic financial services. If this rate continues for the rest of 2024, it will mean more than 1,000 branches wiped from malls, and town and city centers. Bank of America closed the most branches, a total of 90 in just six months. Wells Fargo shut down 62 banks. Chase shut down 53 banks. TD Bank shut down 52 banks. The 17th Letter (JFK Jr.) on Telegram https://t.me/The_17_Letter_Q

Sat. 13 July 2024: 40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report. Banks are collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues. In the week ending on June 24th, 40 smaller banks were sucked up by larger institutions, a vanishing act incomparable even to the savings and loan crisis of the 1980’s and 90’s, reports The Economist. Thirty-six of the 40 failed institutions were all absorbed into one giant lender: Liaoning Rural Commercial Bank, which was set up by regulators in September to manage bad banks. https://dailyhodl.com/2024/07/12/40-banks-abruptly-shut-down-in-vanishing-act-absorbed-into-larger-lenders-as-economy-teeters-in-china-report/

Sat. 13 July 2024: Emergency Alert: The Rapid Collapse of America’s Bank Branches: Wells Fargo Branch Shutdown, Chase Bank Closures and TD Bank Branch Reductions – Bank closures 2024 – American Media Group (amg-news.com)

Sat. 13 July 2024: BOOM! Putin’s Chilling Warning To Rothschild: “Our Future Generations Will be Born Without Rothschild Chains Around Their Wrists and Ankles.” – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/07/14/restored-republic-via-a-gcr-update-as-of-july-14-2024/

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

Walkingstick  [Iraqi bank friend Aki update] Aki...wanted to report there is a big run on the banks of Iraq right now by the Iraqi citizens.  They're pouring into the banks.  It's not happening in Aki's bank [Which is in Michigan] it's happening over in Iraq.  What's going on is it was, last Tuesday, they announced to the Iraqi citizens, you have a new currency coming.  So all of a sudden people started pouring in the following day on Wednesday and Thursday...'We are giving you a new currency,' is what triggered this.

Frank26  Question: "Do you think the HCL on the 14th?"  I can't pick a date of anything but I can tell you this much, in my heart, quickly, now, this month.  The HCL requires a new exchange rate.  After the 14th I think a lot of windows are going to be opened up.  

The CBI is Making Some Changes

Edu Matrix:  7-13-2024

The CBI is Making Some Changes - From eCommerce Business Licenses to Merging the Country's Largest Bank for a Uniform Financial Foundation

https://www.youtube.com/watch?v=iP0m1B8gHLk

MAJOR BRICS NEWS: Multipolarity Wins as the Bloc Forms BRICS Parliament to Unite Emerging Economies

Lena Petrova:  7-13-2024

https://www.youtube.com/watch?v=uJAoLDDDZb8

“Don’t Quit” From Recaps Archives

DON’T QUIT

When things go wrong as they sometimes will,
When the road you’re trudging seems all uphill,
When the funds are low and the debts are high,
And you want to smile, but you have to sigh.
When care is pressing you down a bit-
Rest, if you must, but don’t quit.

Life is queer with its twists and turns,
As every one of us sometimes learns,
And many a fellow turns about
When he might have won had he stuck it out.
Don’t give up though the pace seems slow-
You may succeed with another blow.

Often the goal is nearer than
It seems to a faint and faltering man:
Often the struggler has given up,
When he might have captured the victor’s cup.
And he learned to late when the night came down
How close he was to the golden crown.

Success is failure turned inside out-
The silver tint of the clouds of doubt,
And you never can tell how close you are,
It may be near when it seems afar:
So stick to the fight when you’re hardest hit-
It’s when things seem worst that you must not quit.

Anonymous 

https://youtu.be/ZJ9Txll0STw

Economist’s “News and Views” Saturday 7-13-2024

Financial Blow Up: Little Time Left Before Wheels Come Off System Warns David Morgan

Daniela Cambone: 7-12-2024

 "So now all they want is control, saying, 'I own you because you have to pay me interest. And when you can't pay interest, what happens? They take over the property,'" warns David Morgan, founder of The Morgan Report.

He emphasizes that we don’t have much time left to address these issues. However, he expresses his optimism about the silver market. "Silver's not at an all-time high, but it's at an 11-year high or close to it," says Morgan.

He explains to Daniela Cambone that strong monetary demand for silver, combined with steady or increasing industrial demand, could lead to a situation where both forces compete for the same supply, potentially driving prices higher.

 "Around 60% of the silver market is driven by industrial demand, especially in areas like solar energy and electric vehicles.

 As currency wars and financial instability continue, the monetary demand for silver could increase significantly."

https://www.youtube.com/watch?v=AungGWFAxB8

BRICS Launched Intra-bank Payment System, Crashing USD & SWIFT System!

We Love Africa:  7-12-2024

Has BRICS accidentally ended dollar dominance? BRICS has launched an intra-bank payment system, posing a significant challenge to the supremacy of the US dollar.

This development could lead to a decline from which the dollar may not recover. However, this shift is not unexpected; BRICS has been working for years to achieve this goal.

As the dollar's decline becomes more imminent and its value continues to drop, one must ask: Does the United States have any plans to revive its currency?

More importantly, is it even possible for the US to revive the dollar at this stage, even if it wants to? Let’s find out.

https://www.youtube.com/watch?v=ldBKUztNjS4

JPMorgan, Bank Of America & Citigroup Are in Big Trouble

Atlantis Report:  7-13-2024

The 2008 financial crisis significantly impacted the global economy, revealing vulnerabilities in the banking sector and leading to government intervention.

The collapse of Lehman Brothers and subsequent bailouts highlighted the need for strong regulatory frameworks to prevent similar crises.

 In response, major banks were required to create "living wills."

These living wills ensure that even the largest banks can be dismantled in an orderly manner, reducing risks to the broader economy. However, recent reports from the Fed and the FDIC have raised concerns about the adequacy of these plans for three major American banks. JPMorgan, Bank Of America & Citigroup Are in Big Trouble

https://www.youtube.com/watch?v=brtcunILwh4

“Tidbits From TNT” Saturday 7-13-2024

TNT:

CandyKisses:  Sources: The Governor of the Central Bank of Iraq made an unannounced visit to Washington on the Chinese yuan

Informed sources revealed on Saturday that the Governor of the Central Bank of Iraq Ali Al-Alaq is making an unannounced visit to United States to discuss with officials in Washington about the US Federal Reserve's decision to stop Baghdad's dealings with the Chinese yuan.

The sources told Shafaq News that the relationship left for Washington last Tuesday to meet with officials of the Federal Bank and the US Treasury.

She added that Al-Alaq is discussing with US officials the decision to stop dealing Iraq in the Chinese yuan, indicating that the Governor of the Central Bank is also discussing during his visit the required obligations regarding Iraqi banks deprived of dealing with the dollar.

The visit of the Governor of the Central Bank of Iraq Ali Al-Alaq to Washington coincides with a significant jump in the exchange rate of the dollar against the dinar, and more than two months after the visit of Prime Minister Mohamed Shia Al-Sudani to the United States.

Iraqi military delegation visits Washington regarding security agreement

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein revealed today, Friday, that an Iraqi military delegation will soon visit Washington to hold security talks.

Hussein said in a press conference held in the US capital, Washington, that "our visit to Washington was to attend the NATO summit at the invitation of the American side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury Department to discuss issues related to monetary policy and banking signs."

He added that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."

He continued: "We discussed the future of the international mission in NATO meetings in cooperation with the Iraqi Ministry of Defense."  link

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Tishwash:  Foreign Minister from Washington: US Treasury positively assessed Central Bank's efforts

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein confirmed that the US Treasury Department evaluated the efforts of the Central Bank positively, while indicating that a military delegation will visit Washington to hold security talks.

"Our visit to Washington was to attend the NATO summit at the invitation of the US side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury to discuss issues related to monetary policy and banking signs," Hussein said in a press conference held in the US capital Washington, attended by the Iraqi News Agency (INA).

He added that "the US Treasury positively evaluated the efforts of the Central Bank," indicating that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."

He continued: "We discussed the future of the international mission in NATO meetings in cooperation with the Iraqi Ministry of Defense."  link

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Tishwash:  Financial expert to Iraq Observer: Western Union has set a ceiling for its money transfers from Iraq and has not stopped them completely

Financial and banking expert Mustafa Hantoush believes that Western Union Banking Company has set a ceiling for sending money transfers from Iraq and has not suspended them permanently.

Hantoush told Iraq Observer, “Western Union has reduced the size of its money transfers. For example, instead of transferring an amount of $1,000, it will become $500.”

He added, "The Central Bank has not issued any official statement regarding the suspension of Western Union Company for money transfers from Iraq," noting that this information must be verified from its primary source, which is the Central Bank."

Local news agencies reported that the world's largest money transfer company, Western Union, has stopped its money transfers from Iraq without providing further details, at a time when the dollar is witnessing a continuous rise. Meanwhile, a prominent financial source who preferred to remain anonymous told Iraq Observer that the matter is related to setting a ceiling for money transfers issued by Western Union from Iraq, ruling out a final halt.

The financial markets in Iraq are witnessing a state of instability in the exchange rate of the dollar against the Iraqi dinar, as it has been approaching 150,000 for days, in anticipation of the visit of the Governor of the Central Bank of Iraq to the United States of America.

Economic researcher Ziad Al-Hashemi said in a tweet on the X platform: The governor of the Central Bank was sent to New York to discuss the issue of the failure of yuan transfers to China, which the Central Bank relied heavily on to sell dollars and provide the dinar needed to feed the government’s finances.

He added: The causes of the problem remaining unresolved and the strong parties hovering around the Central Bank and searching for the dollar, without accountability, neutrality or internal Iraqi restrictions, will make all the pledges that Al-Alaq will present without any real value, as the same person has previously presented the same pledges throughout the past ten years, and the same problem is still ongoing without a solution, according to him.  link

Mot: Stay Cooooool !!!!!

Mot:  .. Yes - Taking sum Time to Reflect  

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 7-13-24

Good Afternoon Dinar Recaps,

NIGERIAN MINISTER URGES SEC TO TACKLE CRYPTO REGULATION CHALLENGES

Nigeria’s cryptocurrency regulations are currently being updated.

The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly inaugurated Securities and Exchange Commission (SEC) board to address the complexities of cryptocurrency regulation.

According to local media, Edun emphasized the need to ensure stringent oversight, especially in fast-moving and complex areas such as cryptocurrencies, to maintain market integrity in Nigeria’s capital market during the board’s inauguration in Abuja.

Minimal registration requirements
Edun warned that companies might exploit minimal registration requirements to falsely claim they are licensed, undermining market integrity. Highlighting the potential for regulatory arbitrage, he urged the SEC to implement top-notch corporate governance practices, swiftly identify and disclose conflicts and adhere to global best practices.

The minister also encouraged the newly inaugurated SEC board members to adopt innovative strategies to regulate the country’s capital market effectively. He stressed the importance of staying informed and proactive amid rapid developments in artificial intelligence, digital currency and overall digital transitions.

“Unlike basic industries with settled technologies, the financial sector is rapidly evolving with innovations in fintech, AI and crypto. To provide necessary approvals and guidance, the SEC must stay informed and adaptable.”

SEC pledges innovation and growth
In response, the Chairman of the SEC board, Mairiga Katuka, assured the minister that the board would leverage its collective expertise, innovation and passion to drive growth.

@ Newshounds News™

Read more:  CoinTelegraph 

~~~~~~~~~

RIPPLE's APPEAL TO CENTRAL BANKS:  SPEED, SECURITY, AND DIGITAL INNOVATION  

—Ripple’s appeal to central banks lies in its promise of speed, security, and digital innovation, challenging traditional banking methods with blockchain technology for instant global transfers.

—Ripple positions itself as a key player in CBDC solutions, offering infrastructure for governments to deploy their digital currencies.

For many decades, the global central banks have maintained unchallenged control of the global economy by following traditional banking methods. However, with blockchain seeing rising adoption, players like Ripple have come to the forefront offering instant settlement solutions for global transfers.

Last year, Ripple unveiled its own CBDC platform that serves as a one-stop solution allowing governments to deploy their CBDCs providing all the necessary infrastructure for deploying and maintaining the currencies.

Central banks are considering Ripple for its speed, security, and modern appeal. Traditional transfer methods, once slow and cumbersome, can now be transformed into swift, secure blockchain transactions. Moreover, Ripple enables transaction settlements in fractions of a second instead of days, with cryptographic security ensuring maximum protection. This innovation has even the most conservative bankers excited about the possibilities Ripple brings to the table.

By adopting Ripple solutions, central banks have the opportunity to transition into new-age technological platforms instead of being perceived as outdated institutions. This could bring a fundamental change in the way we conduct global transactions more efficiently and securely.

The adoption of CBDCs on Ripple’s platform has the potential to revolutionize the financial industry. Central banks now stand at a crossroads, with the opportunity to lead the digital transformation of finance.

@ Newshounds News™

Read more:  Currency Insider 

~~~~~~~~~

HEDRA HASHGRAPH LEADS BLOCKCHAIN INNOVATION WITH NEW SCALABILITY BREAKTHROUGH

—The Hedera Foundation has launched two pilot Request for Proposals (RFPs) aimed at addressing specific ecosystem needs, inviting global developers to apply for grants.

—The initiative aims to enhance transparency and collaboration, providing up to 10 million HBAR in support, to accelerate the growth and development of the Hedera ecosystem.

On Thursday, July 11, the HBAR Foundation announced its pilot Request for Proposal (RFP) to deliver a more transparent and community-supported element to grant giving. Hedera stated that they are piloting two separate RFPs for building solutions thereby meeting specific ecosystem needs. Besides, this development comes as Hedera has been leading in crypto development activity, per the CNF update.

The Hedera Foundation is launching two pilot RFPs aimed at addressing specific needs within the ecosystem. they have also invited developers from across the globe to apply for these grants, with the selection process incorporating open and public community input.

The goal of this pilot is to gather insights from the initial RFPs to enhance and formalize the foundation’s grant program. This would ultimately accelerate the growth and development of the Hedera ecosystem.

We’re excited to announce the launch of our pilot Request For Proposal (RFP) process to to deliver a more transparent, #Hedera community-supported element to grant giving 🤝 pic.twitter.com/VNnatTK5GY

— HBAR Foundation (@HBAR_foundation) July 11, 2024

Hedera Targets Lending Markets With RFP Pilots
The pilot initiative will include two distinct RFPs designed to meet specific requirements:

Credit Market Development: This grant will follow the structure of a standard THF development grant, with funding allocated based on the completion of well-defined development milestones.

Credit Market Liquidity: This grant will be modeled after a network utilization incentive pool. The incentive pool will be evergreen and may be replenished based on ecosystem needs.

The Foundation is initially committing up to 10 million HBAR in support, available to eligible teams. Given the evergreen nature of the pool, project teams can apply multiple times depending on their liquidity needs. Each proposal must align with specific growth objectives, and applicants are required to outline milestones and goal KPIs. The Hedera Foundation also mentioned some of the benefits of conducting the pilot which include:

Increased Transparency and Clarity: By clearly outlining funding intentions, the Hedera Foundation (THF) can provide more timely updates to the community about key priorities. This approach offers further clarity to teams who may not qualify for a grant, not due to inadequacy but because their proposals might not align with the network’s most pressing needs.

Enhanced Ecosystem Collaboration and Diversification of Ideas: By inviting broader participation, THF aims to foster greater collaboration between itself, applicants, and the community, all working together to find better solutions. Additionally, creating more opportunities for builders to share their visions, ideas, and educational insights directly with the community before launching products or platforms will add significant value throughout the development cycle.

Moreover, the Hedera blockchain has been part of some key projects. As reported by Crypto News Flash, Sweden’s central bank tested its retail banking solutions on the Hedera network. Additionally, consulting giant Deloitte also joined hands with Hedera to build next-generation blockchain solutions, per the CNF update.

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

DWS MOVES TOWARD FIRST GERMAN-REGULATED EURO STABLECOIN

German asset management company DWS has launched a new company in a step towards creating the first German-regulated cryptocurrency.

Deutsche Bank-owned DWS announced the launch of the company as part of their wider plan to go live with the new euro stablecoin next year, marking a significant step for the European financial sector considering DWS manages assets worth €941 billion.

The cryptocurrency is set to be regulated by Germany’s Federal Financial Supervisory Authority (BaFin) as DWS looks to be the first company being granted a German e-money licence for a stablecoin.

The newly created company, AllUnity, is a collaboration between DWS, Flow Traders, and Galaxy Digital, working together to introduce the new stablecoin.

Stefan Hoops, CEO of DWS, commented that the stablecoin will gain interest from a broad range of clients, including digital asset investors and industrial applications.

“In the short term, we expect demand from investors in digital assets, but by the medium term we expect wider demand, for instance from industrial companies working with ‘internet of things’ continuous payments,” Hoops stated.

@ Newshounds News™

Read more:  Currency Insider

~~~~~~~~~

JAPAN'S CURRENCY HAS STEADILY LOST VALUE AGAINST THE USD OVER THE LAST 12 MONTHS

Japan likely conducted a $22 billion intervention yesterday to support its currency.

Japan spent a record $62 billion in May to prop up the yen.

@ Newshounds News™

Read more:  Twitter

~~~~~~~~~

Ripple’s Appeal to Central Banks: Speed, Security, and Digital Innovation

"Ripple positions itself as a key player in CBDC solutions, offering infrastructure for governments to deploy their digital currencies.

For many decades, the global central banks have maintained unchallenged control of the global economy by following traditional banking methods. However, with blockchain seeing rising adoption, players like Ripple have come to the forefront offering instant settlement solutions for global transfers."

"Last year, Ripple unveiled its own CBDC platform that serves as a one-stop solution allowing governments to deploy their CBDCs providing all the necessary infrastructure for deploying and maintaining the currencies."

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

CENTRAL BANKS ARE BUYING GOLD TO PREPARE FOR A NEW GOLD STANDARD

"Record buying of gold by central banks, which are matching their gold reserves relative to GDP with other countries, revived the debate about the possibility of a reboot of the current monetary system based on a new gold standard."

"Global central banks have been buying record amounts of gold since the beginning of 2022. The pace and regularity with which central banks accumulate gold is unprecedented, as they have been mostly sellers of the precious metal throughout history. This extraordinary demand for gold by central banks, the largest in 55 years, is attributed to a desire to diversify their reserves and reduce dependence on the dollar."

"But beyond the intrinsic capacity of physical gold to maintain its value in the face of economic uncertainty, some indicators suggest that this accumulation of gold by central banks is just the prelude to a restart of the international monetary system and a possible return to the gold standard."

"The bad monetary policies that caused the housing bubble and the way fiat currencies have been managed since the 2008 crisis, depreciating the dollar and exporting US domestic problems to the rest of the world, along with economic sanctions on countries not aligned with Western geopolitical and economic interests, have undermined the credibility of the international monetary system. An alternative based on a new, multipolar, more stable and less inflationary gold standard seems closer than ever, and global central banks want to be included."

@ Newshounds News™

Read more:  11onze

~~~~~~~~~

JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Massive Surge in Bad Debt

Two of the largest banks in the US are declaring a loss on a staggering $3.5 billion in debts that customers can’t pay back.

JPMorgan Chase says its net charge-offs, which are delinquent debts that banks do not expect to receive, hit $2.2 billion in the second quarter of the year.

That’s a $200 million increase from the previous quarter and an $800 million increase from Q2 of 2023.

Meanwhile, Wells Fargo says its net charge-offs surged from $764 billion in Q2 of 2023 to $1.3 billion last quarter – a 70% increase.

Although the pace of inflation has reduced, Wells Fargo’s chief financial officer Michael Santomassimo tells the New York Times that many customers are clearly struggling as their credit card balances rise and savings dwindle.

“[Inflation is] still cumulatively having a bit impact. The folks on the lower end of the wealth or income spectrum are struggling more than folks that are on the higher end.”

In addition to its charge-offs, JPMorgan declared an additional $500 million in losses from failing mortgage investments.

US banks have been sounding the alarm on its customers’ growing credit card balances and issues in the commercial real estate industry since last year.

In its new report, Wells Fargo says it earned a Q2 profit of $4.9 billion, although the bank’s shares tumbled 6% on Friday after net interest income fell short of estimates.

JPMorgan Chase reported a quarterly profit of $13.1 billion as its stock hovers near its all-time high.

@ Newshounds News™

Read more:  DailyHodl

~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Saturday Afternoon 7-13-24

Can The Iraqi Government Manage The Country’s Financial Reserves?

July 13, 2024  Opinions / Iraq Observer   Financial and banking expert Mahmoud Dagher answers the question: Can the Iraqi government manage the country’s financial reserves? Look what he answered..

 ~~~~~

 [ approximate, incomplete translated transcript of https://www.youtube.com/watch?v=bG8Lp8pp5RE ]

 Transcript

0:00  peace

0:01   You must represent foreign reserves

0:05  The economy's total foreign assets as well

0:10  Monetary gold and special drawing rights

0:13  International Monetary Fund, also called Net

0:17  the findings

0:20  Avoid mistakes

0:22  It is common to believe that governments can

0:27  Influence or direct access to these

0:33  The reality is that reserves are the central bank

0:38  It is the only body that manages this

0:44  Reserves and these reserves themselves

0:49  It is warranty and support

0:52  And trust in the national currency

0:57  To stabilize its exchange rate

1:00  In a country like

1:03  Iraq Thank you

https://www.youtube.com/watch?v=bG8Lp8pp5RE  

https://observeriraq.net/الخبير-المالي-والمصرفي-محمود-داغر-يجي/     

A Financial Expert Reveals The Reasons For The Rise In The Dollar And Expects A New Rise In The Exchange Rate

 Economy   Rising dollar prices    breaking    Central Bank of Iraq    Parallel market  2024-07-09 04:46   Shafaq News/ The official spokesman for the currency market in Sulaymaniyah, Jabbar Gorran, revealed today, Tuesday, the reasons for the rise in the exchange rate of the US dollar against the Iraqi dinar in the parallel market. Jabbar Gorran said in a statement to Shafaq News Agency:

"The issue of the high exchange rate of the dollar against the Iraqi dinar is related to the financial measures taken by the Central Bank of Iraq."  He added,  "The Central Bank of Iraq took some good measures in the past,  but the increase that has occurred now is due to other measures that the Central Bank has not taken so far, including that the bank agreed that external dealing should not be limited to the US dollar only, but this measure has not been taken yet, as well as not linking...

 All banks on the electronic platform have stopped working with it, with the exception of only seven banks, and  they do not accommodate the foreign trade exchange process, which annually amounts to about 50 billion dollars, and I do not expect those seven banks to absorb this volume of trade exchange.” 

He stated that  "one of the other reasons that led to the rise in the exchange rate of the dollar against the dinar is the reduction in cash pumping by the Central Bank of Iraq, with the exception of today."  He explained,

 "The demand for the dollar these days is abnormal, and I do not expect that opening the dollar exchange window for travelers at airports will be a reason for the dollar exchange rate to rise, even though now is the travel season."

He explained that  "the large number of banking offices and companies in Iraq and Kurdistan and the inability of the Central Bank of Iraq to meet their needs for the US dollar, as there are about 1,200 banking companies in Iraq and in Kurdistan, about 2,500 companies have not yet been merged with each other, reaching about 400 actual companies."

 All these companies and offices need more than $50 million daily.” Kuran stressed that   “the rise in the dollar this time is not linked to a political or economic crisis or external factors, but rather it is linked to the actions of the Central Bank of Iraq, and

 it is possible for the bank to control this rise,” expecting the dollar exchange rate to rise to more than 150 thousand dinars for every 100 dollars, ruling out At the same time, it may reach high levels, as happened in previous periods.

 https://shafaq.com/ar/اقتصـاد/خبير-مالي-يكشف-عن-سباب-ارتفاع-الدولار-ويتوقع-صعودا-جديدا-بسعر-الصرف

Baghdad And Washington Are Discussing The Stability Of The Dinar's Exchange Rate Against The Dollar

 Economy     2024-07-12 | 15:35  3,535 views  On Friday, Deputy Prime Minister and Foreign Minister Fouad Hussein discussed with the Undersecretary of the US Treasury for Terrorism and Money Laundering the issue of stabilizing the dinar’s exchange rate against the dollar.

 stated A statement from the Iraqi Ministry of Foreign Affairs reported to Al-Sumaria News,

 “The Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, met on Friday, July 12, 2024, with the Under Secretary of the US Treasury for Terrorism and Money Laundering, Brian Nelson, in the presence of the two accompanying delegations at the headquarters The ministry was in Washington, D.C., and discussed the issues that the two parties are working on in accordance with their previous reform agreements. 

  Hussein stressed  "the Iraqi government's commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector."

 He explained that  "the government's policy seeks to 

      achieve Iraqi energy independence through associated gas investment projects, and to

      develop the working mechanism of Iraqi banks in line with international standards to ensure transparency and provide open data, so that banks can provide the services that the Iraqi people need,"

 calling on the American side to reconsider the plan. Sanctions imposed on about 32 Iraqi banks, as they engaged in the structural reform process.”  Hussein pointed out that

"the stability of the exchange rate of the Iraqi dinar against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve,

calling on the relevant American institutions to review it and build on it."  For his part,

 Nelson praised the steps taken by the Iraqi government

    to support the Iraqi economy and

     address the challenges facing it.

 He stressed that the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions,

expressing the readiness of the American side to help Iraq in addressing the obstacles to its reforms.

 This will reflect positively on the Iraqi economy.”  

https://www.alsumaria.tv/news/economy/493703/بغداد-وواشنطن-تبحثان-استقرار-سعر-صرف-الدينار-مقابل-الدولار    

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

MarkZ Chat with the Estate Manager for the Rodriguez Estate! Part 2 7-13-2024

MarkZ Chat with the Estate Manager for the Rodriguez Estate! Part 2  7-13-2024

Interview with Jeff Rahm-From the Rodriguez Estate

JR : Bond holders have been paid…that is confirmed. I know some of them. They disappeared when they sign NDA’s. they disappear until the NDA expires or the smoke settles. Also large entities like foundations and churches are getting paid by corporations…..

JR : There is a little action out of Zurich. Here and there the smatterings are coming. Also you see paymasters tightening up …and making sure everybody’s information is correct. …you see people who have turned in their currencies and getting their projects turned in….We are seeing this all over the place.

JR : We see many countries changing currencies….This is not coincidence. We are definently here. I expect the Zim and dinar to hit next week. They ought to.  Next week on the dinar and later in the week for Zimbabwe. …maybe 2?

MZ: it definitely appears to be that close.

JR:   There is a preponderance of evidence to suggest that. But no written proof.

Member: This is like the trolls controlling security bank vaults in Harry Potter. just nuts.. bankers wanna keep it for themselves.. wow.

MZ: Where did all this wealth come from in the Rodriguez Estate??????

JR: the short and sweet answer is it all came from King Solomon’s treasures. After he passed away those treasures were plundered . People loyal to King Solomon found these people and slaughtered all of these thieves –which was typical in biblical times. After centuries these followers began to dwindle and they worried about this giant pool of treasure sitting on one spot.

JR: So they felt the best security for it was to divide it up amongst the kingdoms rather than keep all the eggs in one basket…because sooner or later someone would come and take it. . 

JR: So they divided it up amongst the kingdoms France, Germany, England, Spain , China the US- everybody got big chunks…..however, the Spanish got the chunk that was bigger than all the other chunks combined.

JR: Dr. Coller’s research says the Spanish were very close to the pope at that time….and the pope saw to it that they got the biggest slice of the pie.

JR: As the centuries went by the Spanish started to get nervous. They were warring with England, France and Germany. They were surrounded by enemies. They were at war all the time.  

JR: So in the dark of night- they disguised fishing vessels , cargo vessels…vessels of all kinds and laded with half of the world’s treasures and smuggled to the Philippine islands which they controlled…..they hid this treasure in bunkers and miles and miles of tunnels and left in the charge of “The keepers” .

JR: When the next war came and the Spanish were getting murdered by the Japanese.  The Spanish and Phillippines made thousands of fake boxes of bonds, currencies and all kinds of things which were littered all over the island…so when the Japanese finally break through they found the “easy pickins” and were full…they thought they had it all…and tool the fake stuff and ran away. In reality the treasure was safe in tunnels and bunkers.

JR:  Dr. Coller showed me a video of a 27 miles tunnel  with the walls 10 feet thick of gold bars stacked to the ceiling. He is filming this while a guy is driving him through the tunnels in a gold cart. Every so often they would also see barrels and chest of rubies, diamonds and pearls. 27 miles of this.

JR: This treasure was not to be touched- but there to back all the world’s currencies. So far it has not been touched. I think Duerte and Turmp made a deal and Trump had leased some of it so banks could be Basel 3 complient in 2018…but, I wasn’t in on those meetings. 

MZ: Everything is so compartmentalized. It drives me nuts.

MZ: Someone just asked what Historic bonds have been paid? What I heard was the Dragon bonds have started the process.

JR: A trickle of Dragon bonds, A trickle of Super Pets (Petchellis SP?)  Dragon bonds are running (depending on what yu got) about 2T (Trillion….Super Pets are about $14.3 billion each. Then there are the Golden guns, the Golden rainbows, Golden Crowns, Golden bibles…..which are probably next on deck. Then I think we will see Farmers bonds. With the rail bonds coming in a bit later.

JR: So the bond people are starting to get paid…We have confirmation on that. But in small smatterings at the top and its trickling down fast. Then the Dragons, Super Pets then on to the gold next. IMO…This is what I think is going to happen.

MZ: I know your side is more bonds…but, anything on currencies?

JR: In the first basket- the dinar is going to kick off…When that goes…It will kick off the first basket of dinar, dong, zim , Indonesian rupiah, Chinese renminbi /yuan..should be in the first basket. I think the sleeper in the crowd will be the Venezuelan bolivar – the 2021 series p17. It’s down to about $3 bucks so you can buy a fistful for almost nothing and they should go at about 1 to 1. Best deal in town. 

JR:  Zimbabwe should be running to buy at about $120-$ 150 a T note. You can still buy dong at about $50-$70 bucks per million. The dinar- $25,000 notes are harder to come by now.. The word is out its “Go time” Many dealers are out but say they will let you know if any more comes in.   

MZ: I heard after the first basket they rest will go as individual countries are prepared.

JR: I think Zurich will jump a little before Reno…I was #3 in Reno for awhile .After I left- Gary H was .#2 under Admiral *** and they were being used as a disinformation tool. Everybody ran out there and sat in hotels for days and months….. It’s amazing the amount of human effort and money that has been thrown away.

MZ: I think it’s painful that those in Reno have to stay at a constant state of “ready” It has to be exhausting….

JR: I’ve been involved 22 years this August. There has been a lot of pain and pressure.

MZ: I am glad that folks like you and Mr. C are still in the epicenter of this game. Others would have rolled over by now and the bad guys would have it all…..

MZ: Should we schedule a time for you to come back and let people digest all of this.

RJ: Sure….it’s time to bring all of this to the world.

MZ: I worry about your safety now that you have gone public. But, imo…the more we have you out there the safer you are…..

JR: I have a couple people in the sovereigns and the treasury and a couple white hats that check on me regularly. Almost every day.

MZ: Yes without their protection I may have well been gone already as well.

MZ: A question dozens are asking is “Do you know anything about Med beds”?

JR: I know someone who is best friends with the one running the entire program and it turns out there are 12-13 of them in Ft. Lauderdale that are very quietly being installed  and I know of one that is operational in Guatamala. . I know of 6 in Japan and the cabal has been threatening the Japanese…but there is a smattering of them here and there. They are real. Russians have had med beds for 40 years. They hold the record in reverse aging technology. Turning the clock back 25-30 years in not unrealistic.

JR: There are multiple kinds of med beds. They are up to generation 4 med bed. The first ones looked like a shoe box with light bulbs and bells. Now they are digitalized and look very cool. They are starting to get out there. I understand Black and Decker, The Saudi Prince Bin Salmon, Elon Musk are involved. Naturally the Cabal and the pharmaceutical co. have suppressed this. The black hats don’t want us to get it…the white hats don’t want them to get it….it’s been a big tug of war.

MZ: Thank you very much for joining us and sharing today. You will probably get inundated now…and may have caused a crap storm with this appearance.

JR: Looking forward to coming back again. 

Member: This is a better story than National Treasure…..I picture this real treasure looks a lot like that. Amazing.

Member: OMG no wonder it’s taking so long to get the RV done! The corruption goes to the very core of the earth!

Member: Thank you for coming forward and clarifying all this for us

Member: Very much appreciated this show - thank you so much -- very informative and worthwhile.

Member: We are praying for your safety.

Member: Excellent start for a Saturday morning thanks Jeff and Mark and mods. Everyone have a great weekend cya Monday

Mod: TY JEFF RAHM FOR APPEARING AND GIVING US THE LOWDOWN

Member: Wolverine was pretty emotional last night , Says Bonds are 1000% paying

Member: I had the craziest dream last night that the rate came out at $4.44...

Member: May your dreams come true…lol

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

MZ: We will be back Monday unless Jeff and I are partying…..if we are I will come back and let you know anyway..lol

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=KiwzpYT3bGI

MarkZ Chat with the Estate Manager for the Rodriguez Estate Part 1 7-13-2024

MarkZ Chat with the Estate Manager for the Rodriguez Estate Part 1 7-13-2024

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

​​MZ: Thecbdgurus take the first 45 minutes and then do a very deep dive on the Rodriquez trust.

MZ: A little different call today …..Joining us today will be probably one of the most knowledgeable persons on the planet on the Rodriguez trust .

Member: GM Mark, Mods and Family

Member: Are we there yet??

MZ: We are sure stinkin close.

MZ: I am now honored to present Jeff Rahm-From the Rodriguez Trust. I have had the privilege of seeing all the receipts …All the legal documents …it’s an overwhelming amount.

JR: We sent a federal currier to Mark with actual documentation that is on file with the Supreme court of the Philippines and The Supreme Court of the United States …Its on file but not signed in the Hague. And it’s also on file with the US sovereigns, The US Treasury and been authenticated. I am the Asset manager of the Rodrigues Trust.

JR: It’s frustrating for us- that is why I have come forward….so many people along the way have claimed to be the heir to the throne, the asset manager for the estate ect….and they all claim they are the only one… It’s very frustrating.

MZ: I know what you have been through and thank you for coming out public and “live” . Sometimes you have to quit living in fear and force things to happen.

JR: You are the only guy whose show I will be on and who we sent authenticated paperwork.

MZ: Yes security is important and leave nothing on digital.

JR: We have never used the internet and will not for security reasons.

JR: Lets go back a bit. I won’t go back as far as King Solomon or the 1400’s to 1500’s…But maybe in another show and another time…….but in the 2000’s Mr. Rodriguez put his foot down and was fed up for quite some time and wanted his money back.

JR: The Rodriguez estate has 934 asset management accounts around the world in multiple banks.

JR: Much like the keepers of King Solomon’s treasury. Because trying to keep you eggs in one basket is a dangerous place and hard to guard it So the idea was to keep it safe by separating it out amongst the kingdoms is what King Solomon did and is what the Rodriguez estate did.  

JR: We have the asset management accounts and the account numbers and authorization codes…Hell, we have a letter from MacArthur. But Mr. Rodriguez got fed up with the game and wanted his money back.

JR: He went beating on the door of UBS and Bank of England and the Bank of China…and a bunch of people did not want to give him back hundreds of quadrillions of dollars. So they killed him instead. This is a fact. This happened in the mid 2000’s.

JR: In 2007 Florencia Rodriguez –Mr. Rodriguez wife picked up the torch. She was upset about Mr. Rodriguez and went out and did the same thing. Instead of giving her the money back- she also mysteriously died on Nov. 11th, 2007.

JR:  They had one remaining heir to the Rodriguez estate…Authenticated by DNA. But to be clear…many call it the Rodriguez Trust…it’s not…It’s an Estate. A family Estate.  And to that end there was only one heir to the throne left. If the banks could wipe out that heir to the throne they would have full access to the Rodriguez estate.

JR:  Dr. Alan Coller picked up the torch after Mrs. Rodriguez was murdered. The Estate asked him to step in as asset manager and the remaining blood heir to the estate was rushed off and kept him in hiding.  Many of us have kept him in hiding for many years. It’s not easy but he doesn’t want to be killed.

JR:  In 2008 is when I met Dr. Coller and he had taken over the asset management position after Mrs. Rodriguez was killed.  He was a heart surgeon and a hell of a guy. Well he dug deeply into all of this background and research and historical details. This threatened them

JR:  So one day (The Illuminati, The cabal, The banks) wanted to keep this money and Dr. Coller was calling them out on it. He was tired of it. So he asked me to get him on a radio station – I’m going to tell the world about this and expose everything to the whole world. And we end all these thieves an liars. So I put him on the  Land to ( Cannot understand word?) China radio show that went out to millions of people …then replayed to millions of people. It was a big broadcast.

JR:  Then Dr. Coller was murdered.

JR:  That is the beginning of the end of it. When Dr. Coller passed away the Estate came to me and said “Jeff, for the past 8 years you have been doing all the heavy lifting. …you did all the deals and knew everything he knew……and we want you to take over as asset manager”

JR: I said I would do that under the condition that I am not going to threaten anybody or beat on UBS door or tell bank of China and Bank of England anything. That is not my job,

JR: My job is to make sure that this money from this estate goes to the Phillipino people and the humanitarian purposes of this world. 

JR : Dr. Coller’s dream an projects for the Phillipines was to build high speed railroads and build  100’s of hospitals throughout the islands and free medical care for all…. …and I intend to see that happens.

JR : The money for the Rodriguez estate was intended for the benefit of the Phillipines and the United States and then humanitarian dollars for the world.

JR : Before I came on this show I was in touch with the government down there and up here and the people of the Estate.

MZ: I have to ask the obvious questions as you have considered coming on and going public before. I know you are worried about your safety.

JR : If they want you gone…they have got you….But the difference between myself and Mr and Mrs Rodriguez and Dr. Coller is they were threatening them. Threatening these bankers. I’m not here to do that. I’m not a security force. I want to get the money to the people and to humanity and the greater good for this world.

JR : We have enough money in the estate to do this. I will let you know it’s the number $4 and 120 zeros behind it.. and that does not include the 934 asset management accounts spread around the world in these big banks. This is in the Septillions, Decatillions. We went to one bank and reviewed the amount of deposits there for the estate,  and it’s eclipses the entire value of the rest of that bank….And there is 934 of these banks. They do not want to give up that money. That’s what got those people killed

JR : I’m not here to demand they give me that money and that’s the difference. .

Be sure to watch for part 2 of the notes………..

https://www.youtube.com/watch?v=KiwzpYT3bGI