News, Rumors and Opinions Monday 7-15-2024

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 (allegedly) released. Other monies including the St. Germaine Trust would likely be released sometime next week. Some Bond Holders and large Groups have (allegedly) 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 –

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/

Militia Man  They haven't started oil pumping and you have to ask yourself, why?  Because they need revaluation for that and I think that's what we're waiting for.  Is that some sort of delay?  I don't think so.  I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.

Frank26  How many times have I said to you the moment you see the HCL within nanoseconds you'll see the new exchange rate?  It's just like saying ladies and gentlemen you're about to see the new lower notes.  Well then you're also going to see the new exchange rate.  They both go hand in hand.

Russia's Strategic Move: The Impending Collapse of the Dollar? - Alasdair Macleod

Economy Express:  7-14-2024

Join us as Alasdair Macleod delves into the complex dynamics of the global economy, focusing on gold acquisition, fiat currency depreciation, and strategic maneuvers by Asian central banks. In this insightful video, Macleod explains why China is persistently buying gold and what this means for the future of fiat currencies, especially the dollar.

*Key Points Discussed:*

1. **China’s Strategic Gold Acquisition**: Learn why China is buying gold, not for its rising value, but due to the falling value of fiat currencies.

2. **Asian Central Banks**: Discover how Asian central banks, particularly the People’s Bank of China, are moving away from dollar reserves and investing in gold.

 3. **Western Debt Traps**: Understand the debt challenges faced by Western governments and the potential economic decline.

4. **European Economic Instability**: Insights into France's financial turbulence and its impact on the Euro.

5. **Japan’s Monetary Policy**: The implications of Japan's minimal interest rate hikes and the yen's weakness on global finance.

6. **US Economic Dilemma**: The Federal Reserve’s challenges with high debt and interest rates in the US.

7. **Geopolitical Tensions**: The potential conflicts in the Middle East and their global economic impact.

8. **Ukraine Conflict**: Viktor Orban’s diplomatic efforts and the divide between Europe and the US.

https://www.youtube.com/watch?v=iZhT17dnSf0

“Coffee with MarkZ” Monday Morning Chat 7-15-2024

PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. Thank you.

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 MarkZ, Mods, and Hopeful Dinarians on this beautiful day

Member: Looks like this is about to be a crazy week…time to buckle up!

Member: I heard this could be a a big BOOM week incoming

MZ: I think you could be right.

MZ: As we expect on a Monday Morning it was relatively quiet.

MZ: I did hear interesting things from a couple banking contacts that things have very much moved over the weekend and that they may be using the Republican convention as a distraction to roll things out

Member: some of the bond people agree.

MZ: We should know later today what is going on in the bond side. We should start finding things out after 11:00-12:00 today.

Member: Ashura holiday in Iraq this week. Suspended working hours. It's a holiday in Islam that celebrates the parting of the Red Sea and also Noah's disembarking in the arc.?

Member: listen to MM. 7/18 Iraq historic meeting in Geneva. Official announcement they are excited about. Geneva …Perfect Time

Member: Remember There is supposed to be big news from Iraq this week on the 18th from the WTO….and other things.

MZ: This is going to be a huge week. Meetings are going on right now in Iraq about the HCL….the WTO…and more. This is going to be a big, interesting week for all of us.

Member: Did anyone hear how the bonds would be paid out? Fiat or USTN??

Member: Mark had said the plan used to be they got paid 1 5 in fiat…then the reset ,,,then they get paid the rest….guess we will see if thats still the plan .

Member: I wonder- when we get emails , how are we going to know if they are real.?

Member: Mark, market is up 200 points but some are saying to expect a crash today !

Member: Mark do you got any fairy dust to make this stock market crash?

Member: I expect the RV to take off this week if the big events happen.

Member: Remember to keep an eye on your emails when these next set of "events" happen. This RV could be "event" driven..

Member: Hoping and praying we will still have “Christmas in July” …see everyone tonight

StacieZ joins the stream today. Please listen to replay for his information and opinions.

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=vz7b7uAu4hU

Iraq Economic News and Points To Ponder Monday AM 7-15-24

An Economic Expert Calls For Canceling The Currency Sale Window

 July 14 10:22   Information / Baghdad... Economist Diaa Al-Mohsen called for canceling the currency selling window, pointing out that  some beneficial political blocs were behind the continuation of this window to achieve financial gains.

 Al-Mohsen told Al-Maalouma,  “The citizen’s interest necessitates the government to go towards canceling the currency selling window, in order to end the confusion occurring in monetary policy.”

 He added,  "The late former Central Bank Governor Sinan Al-Shabibi was behind opening the currency selling window for 4 years at that time in order to eliminate the inflation taking place in the country after its rate reached 50%."  He stated that  "some political blocs have financial interests that push for the continuation of the operation of the currency selling window, to make it a gateway to financial gain, despite the absence of the need for it." 

https://almaalomah.me/news/70242/economy/خبير-اقتصادي-يدعو-الى-الغاء-نافذة-بيع-العملة    

The exchange rate of the Iraqi dinar is fixed and established: there is no influence of the parallel market
  
July 14, 2024 Last updated: July 14, 2024  The Independent/- Advisor to the Iraqi Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that 

the exchange rate in the parallel market does not affect the stability of the general level of prices in the country.
 
Highlights of the statement:
 
    External factor: International banking compliance controls affect the demand for dollars from Iraqi bank accounts.
 
    Internal factor: Some people exploit the external factor to achieve profitable gains.
 
    Dominance of fixed exchange rate system: Strong international reserves covering 100% foreign currency.
 
    Strength of the central exchange market: The official exchange rate of the dollar against the dinar in the parallel market does not affect price stability.
 
    Financing foreign trade: 90% of Iraq’s foreign trade is financed at the official exchange rate (1,320 dinars to the dollar).
 
    Price stability: Annual inflation in Iraq does not exceed 3%.
 
    Foreign reserves: exceeding $100 billion.  The
 
    official exchange market: dominant to contain any fluctuations in the parallel market.
 
    Decline of the dollarization phenomenon: Internal transactions are carried out in Iraqi dinars.  The
 
    influence of the parallel market is limited: only 10% of the total currency supply and demand transactions.
 
    Exchange rate stability: real and well-established resulting from strong monetary and fiscal policies.
 
    Inflation containment: There are no longer any inflationary expectations generated by the parallel market.

The Iraqi dinar is characterized by real and well-established stability in its price, and is not affected by the fluctuations of the parallel market.
 
This stability is due to the
 
     strength of the fixed exchange rate system, the
 
     effectiveness of monetary and financial policies, and the
 
     high value of foreign reserves.   
 
https://mustaqila.com/سعر-صرف-الدينار-العراقي-ثابت-وراسخ-لا-ت/   

Iraqis Keep 90 Trillion Dinars Inside Homes: A Crisis Of Confidence Or An Economic Crisis?
 
Special Sumerian     2024-07-14 | 07:23  Alsumaria - Iraq News  Iraqis keep 90 trillion dinars inside homes: a crisis of confidence or an economic crisis?
 
Due to the decline of the banking system, Iraqis keep a cash supply estimated at 90 trillion dinars inside their homes
 
Due to the lack of confidence and the decline of the banking sector, Iraqis are hoarding about ninety trillion dinars inside their homes,
 
a step that specialists say has caused a significant decline in the monetary supply within the market.
 
How can the Iraqi government restore citizens' confidence in the banking sector?   
 
https://www.alsumaria.tv/news/alsumariaspecial/493790/العراقيون-يحتفظون-بـ-90-تريليون-دينار-داخل-المنازل-أزمة-ثقة-أم-أزمة-اق  

The Controversy Of Foreign Banks Taking Over The “Iraqi Dollar Auction”... A Comprehensive Breakdown Of The Reasons

 Economy  2024-07-14 | 3,518 views  Alsumaria News-Economy   Today, Sunday, the researcher in banking and economic affairs, Mustafa Hantoush, reviewed the reasons for foreign banks’ acquisition of the largest percentage of shares in some banks inside Iraq and their acquisition of the currency auction, as the

 strengths of these banks are that they are owned by foreign banks that are able to open accounts easily in application of international standards. American banks that supply the dollar.  Hantoush told Al-Sumaria News,

 “Some foreign investors and foreign banks obtained a percentage of shares of more than 51% in some banks inside Iraq, even though the Companies Law prohibits giving the foreign investor more than 49%.”

 However, Hantoush reviewed the existence of a “legal loophole” that enabled the Central Bank to grant foreign investors greater percentages than those stipulated in the Companies Law, noting that

 Article 107 of the Banking Law No. 94 of 2004 gives the authority to the Board of Directors of the Central Bank to determine the percentage of foreign investor ownership in banks without Compliance with general laws. 

He considered that  this paragraph is not supposed to mean that the percentage be more than 50%, but rather that it be less,

but the loophole is that the legal article gave absolute authority without mentioning that the percentage be less or more than 49%. 

He explains that   “there is no grant in the world of a share greater than 50% except in countries where there is a high circulation of funds, as they are bankrupt countries that do not possess wealth and fear the control of foreign banks.” 

He explained,  "According to this strategic mistake,  foreign banks were given more than 60% of the shares in banks inside Iraq, and

 today we began to observe the fruits of this mistake, when the American side became aware of the presence of currency smuggling operations and trade with Iran and Syria, and  they set conditions for compliance.

 The bank failed."

 The Central Bank of Iraq and Iraqi banks apply the standards or the possibility of opening accounts for Iraqi banks in American banks to achieve oversight and fund their accounts in dollars.”  He pointed out that

"when this happened and the scene became empty of Iraqi banks capable of taking on this role, these

foreign banks operating in Iraq were put forward, and

through the governors of the central banks of the countries of origin of these banks, they

presented themselves as a solution before Washington instead of presenting themselves as a mediator between Iraq." And America.”  He stressed that

 "Indeed, American banks relied on these foreign banks operating in Iraq, and

they opened accounts for them in Citibank and JP Morgan, for their parent banks in other countries, which own the largest part of these banks inside Iraq,

even though these banks in Iraq do not perform well." To achieve 5 points in global standards, it relied on its parent banks located in other countries.

 Accordingly, Iraq are financed is now taking the dollars it owns in the US Federal Reserve,

and through them the accounts of these banks open in the accounts of Jeep Morgan and Citi Bank,

 and from there the dollars are transferred to the rest of the world for Iraqi merchants,

and the merchants deposit the dinars in the Central Bank of Iraq.".  He explained,

 "Iraqi banks cannot play this role because they cannot open accounts in Citibank and Jeep Morgan because they do not have branches in countries trusted by the American banking system.

 Also, the Central Bank of Iraq failed to guarantee Iraqi banks in front of American banks, and it succeeded earlier in 5 banks."

 But it only lasted a month and then these banks were punished, and

 they were also guaranteed by Jordanian banks.”  He stressed that

"it is not possible to rely on foreign banks to manage the Iraqi banking system.

This model has failed in India because of its reliance on the foreign banking system, as the

foreign bank gives profits to its parent branches abroad, and does not reinvest the profits here inside Iraq,"

 calling on the Central Bank to

      "Finding a solution for trade with Iran and Syria,

     strengthening the Iraqi banking system and guaranteeing it to American banks, and

      opening accounts for Iraqi banks to experiment with American banks."  

https://www.alsumaria.tv/news/economy/493779/جدلية-استحواذ-مصارف-اجنبية-على-مزاد-دولار-العراق-تفصيل-شامل-للأسباب    

Iraq Records A Huge Jump In Non-Oil Revenues Within 5 Months Of 2024

 July 14, 2024 Last updated: July 14, 2024  The Independent / Follow-up / - The latest financial data revealed that non-oil revenues in Iraq witnessed a huge jump during the first five months of 2024 compared to the same period last year.

A source in the Ministry of Finance confirmed that Iraq's total revenues rose by 20.1%, reaching 54.70 trillion Iraqi dinars, compared to 45.55 trillion Iraqi dinars in the same period in 2023.

The source indicated that non-oil revenues rose significantly, reaching 7.06 trillion Iraqi dinars, which represents a contribution rate of 11.5% of the total revenues, compared to only 0.09 trillion Iraqi dinars in the same period last year, which represented 0.19. Only % of total revenue.

 The source explained that the increase in non-oil revenues is due to the increase in taxes on income and wealth by 118.6%, and production fees by 285.4%, in addition to the huge increase in capital revenues by 375.2%.

He added that other revenues also saw a significant increase of 453.4%.

Regarding oil revenues, they increased by 6.5%, reaching 48.41 trillion Iraqi dinars, compared to 45.46 trillion Iraqi dinars in the same period last year.

Despite this increase, the percentage of oil revenues’ contribution to total revenues decreased from 99.81% to 88.5%.

Transfer taxes also rose by 121.9%, reflecting government efforts to improve the tax system and increase revenues from non-oil sources.

However, the source stressed that there are major challenges facing the government in maintaining this momentum and further diversifying revenue sources.

On the other hand, the data did not show the method or size of the corresponding expenditures, and whether there was a surplus or deficit in the budget during the same period.

It is noted that the Ministry of Finance may deliberately or refuse to publish a list of expenditures, whether operational or investment, for fear of being exposed to criticism from the media or observers and those interested in economic and political affairs.

Financial statements for the first five months of 2024 reflect a significant improvement in Iraq's non-oil revenues, which contributes to enhancing the country's financial and economic stability.

However, the Iraqi government remains facing major challenges in diversifying the economy and increasing reliance on non-oil revenues to ensure sustainable economic growth.

The question remains about expenditures and the extent of their transparency, which may reveal other aspects of the economic challenges facing the country.   https://mustaqila.com/العراق-يسجل-قفزة-هائلة-في-الإيرادات-غي/    

4 Reasons Retired Women Need More Money Than Men

4 Reasons Retired Women Need More Money Than Men — And What To Do About it

June 6, 2024  by  Jennifer Taylor

Like many things, retirement isn’t the same for men and women. Specifically, retired women tend to need more money than men.

There’s a variety of reasons for this, which can be frustrating for women. Retirement is often thought of as time to enjoy your golden years, but it’s hard to do so without sufficient funding.

Walking away from a steady paycheck can be hard — or even impossible — for women who don’t have the savings to do so. You’re not alone if you feel like you’re behind on your retirement savings, but you can catch up.

Here’s a look at some reasons why retired women need more money than men, and more on how an annuity could help solve this problem.

1. Career Interruptions

Women are statistically more likely than men to take time away from the workforce to care for others, like children or aging parents. For example, only about one in five stay-at-home parents in the U.S. are dads, according to the Pew Research Center1.

In 2023, 66% of women identified as caregivers, compared with just 34% of men, according to an AARP New York Survey. Of current and former women caregivers, 35% said they didn’t work while providing care2.

Taking time away from the workforce can have a profound effect on women’s retirement savings. While they’re not working, they’re of course not earning a paycheck, but they’re also not able to take advantage of any employer-matched retirement savings benefits or pay into Social Security.

Even when they return to the workforce, being away may impact long-term career growth. This can cause them to have a lower earning potential, which may limit their retirement savings.

2. The Gender Pay Gap

In 2022, women earned 82% as much as men on average, according to the Pew Research Center3. This isn’t anything new, as women earned 80% as much as men in 2002.

Not earning as much as men can impact women’s finances in both the present and future — like in retirement. For example, Fidelity® recommends putting 15% of your pretax income aside for retirement each year4.

However, working women might not be able to afford to save that much for retirement. Even if they can manage to do so, it won’t total as much as male co-workers earning more than them.

Social Security benefits are also based on average career earnings. In 2021, the average annual Social Security income received by women ages 65 years and up was $14,204, compared with $18,108 for men, according to the Social Security Administration5.

To Read More:  https://www.gobankingrates.com/retirement/planning/reasons-retired-women-need-more-money-than-men/?utm_term=morefrom_link_4&utm_campaign=1277605&utm_source=yahoo.com&utm_content=10&utm_medium=rss

“Tidbits From TNT” Monday Morning 7-15-2024

TNT:

Tishwash:  Angry demonstrations in Al-Shafi'iyya: Protests and burning tires to demand basic services

Al-Shafi'iyah district in Diwaniyah Governorate, southern Iraq, began on Monday morning with angry demonstrations that included burning tires to demand improved services.

A local source told Al-Mustaqilla that the protesters are demanding the improvement of basic services, most notably electricity, which is in severe shortage in the region.

Hundreds of citizens took to the streets to express their dissatisfaction with the deteriorating service conditions.  link

Tishwash:  An economic expert calls for canceling the currency sale window

The economic expert, Dhia Al-Mohsen, called for canceling the currency selling window, pointing out that some beneficial political blocs were behind the continuation of this window to achieve financial gains.

Al-Mohsen told Al-Maalouma, “The citizen's interest necessitates the government to go towards canceling the currency selling window, in order to end the confusion occurring in monetary policy.”

He added, "The late former Central Bank Governor Sinan Al-Shabibi was behind opening the currency selling window for 4 years at that time in order to eliminate the inflation taking place in the country after its rate reached 50%."

He stated that "some political blocs have financial interests that push for the continuation of the operation of the currency selling window, to make it a gateway to financial gain, despite the absence of the need for it."   link

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Tishwash:  U.S. Consulate in Erbil Renews Support for Digital Financial System: Electronic Payments Are More Secure

The U.S. Consulate General in Erbil on Sunday, July July 14, 2024, renewed its support for the digital financial system, explaining that electronic payments are the most secure process.

The US Consulate General said in a statement, seen by Kurdistan 24, that "electronic payments are a safer way to access the US dollar, as it can be traded at its official price when used while traveling abroad."

The digital financial system will enhance access to "formal banking services such as loans, insurance, payments and savings, while reducing the risk of loss, theft and financial crime, and providing more investment channels," the statement said.

Washington's consulate in Erbil stressed continued support for the U.S. government and U.S. companies "to provide an accessible financial system for all" and urged "everyone to conduct their transactions through official banking channels."

Digital transformation is one of the top priorities of the ninth government formation of the Kurdistan Region. Therefore, the KRG through the Information Technology Department has committed to announcing and disseminating the KRG's first digital transformation strategy, which includes the following six core strategic activities: digital governance, digital engineering, human capital, user-centered design, security and data privacy, and procurement.

The strategy is key to achieving the KRG's vision, and its main objective is to make the KRG a hub of government digital maturity and thus one of the leading digital governments in the region by 2025. This means that it ensures that services are easily and quickly found and used by citizens. It is also designed to eliminate bureaucracy and enhance the efficiency of institutions in the public interest through the adoption of modern technology.  link

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Tishwash:  this was in Iraq's news

The International Monetary Fund warns the United States of a possible decline in demand for its government bonds   

The International Monetary Fund said that the United States risks facing a sudden decline in demand for its government bonds due to the authorities' inability to restore stability in the American financial system.

“Financial stability risks could manifest themselves in the form of an unexpected decline in foreign demand for US fixed-income securities, which constitute a major component of the country's external liabilities,” the fund's report said.

The International Monetary Fund warned that this threat may materialize if the American authorities are unable to restore financial stability in the national economy.

According to the Fund's forecasts, the possibility of such a risk remains moderate due to the dollar's dominant position as a reserve currency.
US Treasury bonds first appeared when the United States decided to enter World War I and found itself in need of money to finance the war. Bonds due for payment after a certain number of years and at a specific interest rate were issued to raise money from the public and institutions. The American government has continued to obtain financing for spending and filling the budget deficit through the sale of Treasury bonds to this day, while China is considered the most important foreign owner of these bonds.  link

Mot: . Ya KNows What They Says bout Mornings!! – siiggghhhhhhhh

Mot:  . Dang It!!!

MilitiaMan: IQD Update-Iraq Dinar-CBI in Washington-Exchange Rate-Stability-2X Revenue-UST Positive-HoR Resolved

IQD Update-Iraq Dinar-CBI in Washington-Exchange Rate-Stability-2X Revenue-UST Positive-HoR Resolved

MilitiaMan and Crew:  7-14-2024

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=iyClIINM3wA

Keep Believin' In The Unbelievable! by Dr. Dinar

From Recaps Archives

Keep Believin' In The Unbelievable!   by Dr. Dinar

Sheesh. They can put a man on the Moon. Or at least we think they can anyway.

Could've been Hollywood magicification for all we know.

Without a doubt the lighting situation was highly suspect.

But let's go ahead and give 'em the benefit of the doubt, just for the sake of discussion.

What we do know is they can put shampoo and conditioner in the same bottle.

Well, according to the label anyway.

Even if we're unable to see inside the bottle itself, that much we can see.

However, based on the results, it certainly appears we're being fed some serious misdisinfo.

Would the shampoo company intentionally deceive us?

Naw... they wouldn't do that.

Or would they.

The all-in-one results certainly aren't anything even close to those derived from implementing them in a two-step process. Shampoo first, then conditioner.

Matter of fact it almost feels (and looks) as if there's been no conditioner applied whatsoever.

Once again, we're left with two options. Believe or don't believe.

Moving on, let's go with something a bit more visible. Like a sandwich.

We know they can put peanut butter and jelly in the same jar.

How do we know that? Because we can see it.

Yes, thanks to something as simple as a clear glass jar, we're able to see the two key ingredients in all their swirlicious glory.

We know what Peanut Butter looks like. We know what Jelly looks like.

Especially when both are applied to two separate slices of bread.

Both easily recognizable, totally different colors as well as tastes.

So when you see them both swirlified in the same clear glass jar, it's pretty much a no-brainer.

No need to be a believer in the unseen, the evidence is unmistakably clear.

So it only stands to reason that if they can do all of those things, then why on Earth can't they get this GCR done.

Yeah, yeah, I get it. This is a biggie.

A never previously been attempted, once in anybody's lifetime, one for the history books, global sized event.

Yet, isn't that exactly why they assigned this task to only the most intelligent folks on the planet.

If it were up to me and my goal was to make this GCR thing happen, I know I would do everything possible to ensure I had assembled the best Team available. Wouldn't you?

Isn't that sort of Rule No.1, hire those more intelligent than yourself.

It only makes sense.

Keeping all that in mind, we also have endless amounts of trendsetting technology at our fingertips.

From talking clones to flying drones, without a doubt we're wise beyond on years.

And still, with all that at their disposal, they still can't seem to get this done.

We're constantly being told that they've been working on getting this thing done for the past fartoomany years.

However, with no visible proof, one can't help but begin to wonder if this thing truly is getting done.

As in making forward progress of any sort.

Not to point fingers but if any of us were to be appointed to a similar position, we'd have been fired long ago.

And rightfully so.

After all, you're hired for one reason. To do a job.

One job. Complete a desired task.

Basically, to git 'r done.

And I don't know about you but from where I stand, they ain't got it done.

Not yet anyway.

Close? Maybe. But done?? Not so much.

I don't care how many hundreds of times I hear "It's done... we're just waiting for the release."

Until they release it, it ain't done.

Until it's liquid and spendable, it ain't done.

Until I can buy groceries and pay the electric bill to keep those groceries cold in the fridge, it ain't done.

Until I can buy the groceries for the person behind me in the grocery store line, it ain't done.

So please, if you're one of those continually saying "It's done, but... .", please check to see how important that add-on but is.

I believe you'll come to find that one little but makes all the difference.

Which brings me back to my original thought.

That being if any of us were in charge of getting it done, regardless of what "it" is, yet we continually fell short in accomplishing our goal, we'd surely be excused from our place of employment.

And our replacement would be hired (or recharged, depending on if we were to be replaced by a Robot or not) post haste.

Hmmmmm... replacement. That's it!

What if we seek out replacements for whomever the heck it is that's responsible for completing this task.

Whomever's job it is to make this RV / GCR thing happen. To git 'r done.

The one's that don't appear to be getting it done. Yeah, them folks.

Would it be a group such as the A-Team, with all of their battle-hardened skills?

Or a bunch such as Charlie's Angels, with their super-stealthish abilities among their many attributes.

Surely they could get the job done.

And no, I didn't refer to any of them as Shirley.

Heck, at this point I wouldn't care if it was The Brady Bunch.

As long as we're assured they're on our side and want the best for humanity, I'm okay with it.

But wait. Let's think about this for a second.

What if I'm wr... wro... mistaken in my thought process.

What if the people assigned to completing this task actually do want it done.

What if they are in fact doing their very best to get it released.

What if they are indeed on the good side, wanting the best for humanity.

After a decade of feeling as if it's entirely possible we've been duped, I think it's only natural to be more than a bit skeptical.

To begin to question everything and everyone involved in this situation.

Especially when we're all too aware of the many folks that don't want this to happen.

Yet, at some point you have to have faith.

In both the people in charge as well as the ongoing process itself and the supposed progress being made towards completing the process.

Think about it. Doesn't matter how long you've been involved in this exchange endeavor, if you're anything like me, then you've yet to see any factual signs of progress.

After hearing words such as Article 140, the HCL Law, new Prime Minister seated, Erbil Arbil Gerbil ramblin' by our monitors for over a decade now, one becomes quite numb to all of that delirium.

Meaning all of the supposed results are just as intangible as the forward progression of the process itself.

As Bruce Springsteen often says, we're runnin' on empty, runnin' blind, unable to see any progress nor the process itself.

He must be a currency holder.

Come to think of it, looking back, hasn't it pretty much been that way since the very start.

Runnin' on faith, believing in the unbelievable.

For the most part none of us had ever been to Iraq.

Yet we were so anxious to connect with someone that had (or had a connection to someone that had) that we were easily swept up by people that continually made claims of having connections in places we could never have imagined.

Were we idiots for believing them? Hmmm... perhaps. Let's hope not.

Believers in the unbelievable? Without a doubt.

And who could blame us.

If you're going to get involved in anything like the RV/GCR and you refuse to believe in the unseen, I wish you all the luck in the world.

You're gonna need it.

This whole thing runs on the unverified and unseen.

Believing in the unbelievable is key to surviving this journey.

So at this point in the process we're pretty much stuck believing that the people in charge of this RV/GCR thing, whomever they may be, have only the best of intentions.

Believing that they're working with much more intelligence and knowledge than we tend to give them credit for.

Or at the very least hoping they are well aware of Google and aren't afraid to use it.

Who knows, they might be just like us.

Hang in there folks and keep on believin' in the unbelievable.

Kindly,

Dr. Dinar

Disclaimer: Please consider everything in this post as my opinion. I’m not a professional Wealth Advisor, CPA, Tax Attorney, 'Rumor Of The Month' Club Salesman, etc.. I’m simply someone that chooses to believe in the unbelievable, including but not limited to, the possibility that they truly do want to get this thing done. Be sure to consult a professional for any financial decisions you make now and in the future.

Iraq Economic News and Points to Ponder Afternoon 7-14-24

Stability Of The Dollar Exchange Rate Between The Targeting Of The Central Bank And The Impact Of Regulatory And Random Variables

Dr. Haitham Hamid Mutlaq Al Mansour  With the fluctuation in the value of the dinar against the dollar since last week, it was noted that there are some predictions and signals from here and there that hint directly or indirectly that the dollar contract will disintegrate to a state in which it will move far away from the target level.

In fact, some have predicted that the dollar will escape from the control of the Central Bank. Here we had a pause with these predictions and signals.

It is self-evident in the logic of supply and demand that we sense a rise in the exchange rate of the dollar against the dinar for reasons related to the tightening measures of the official supply, as the Central Bank targets the stability of the actual exchange rate and is trying to achieve a reduction in the gap between the nominal and real prices.

Therefore, it is not surprising that the dollar exchange rate has risen these days and for a week in particular. In this case, we say that the rise and fluctuation in the levels of the actual exchange rate cannot be judged based on it and concluded from it that the actual exchange rate may be exposed to a breakdown in the short term, because the fluctuation towards an increase during the week is not considered a fluctuation in the life of short-term changes, and also that the buffers of monetary policy are present and strong to maintain the stability of the exchange rate, because it uses monetary, financial and operational tools that aim to reduce the price level and keep inflation within an acceptable level.

And maintaining the level of foreign reserves within the desired growth rate and supporting the level of the dinar exchange rate against the dollar according to the fixed exchange rate system, which amounts to about 120 billion dollars, works to cover the source of currency.

The official exchange rate of the Central Bank is still maintaining its level and short-term rates, a path with an acceptable general trend within the controlled levels based on the effects of And external, organizational or random variables. It is also not possible to conclude that the dollar exchange rate will slip out of control in the short term, since the short-term price level did not rise beyond the 1515 range to the 1600 threshold or more, but rather returned to 1500 on Saturday evening.

In addition, the overall inflation index is controlled by the fiscal and monetary policy measures, as is known, through controlling the growth rate of foreign reserves and stabilizing the general price level resulting from reducing the internal supply of cash dollars in transactions, payments, contracts and commercial obligations since last year, criminalizing and regulating them.

The parallel exchange market has become of low impact outside the official exchange market, with a gap ranging around 10-18 for the total dollar demand and supply.

Therefore, it can be concluded that the clear stability witnessed by the dinar in its real levels is due to the stability of the exchange rate at this gap, in addition to the measures and policies of the Central Bank supporting the reduction of the gap between the two exchange rates for about a year, including the legal and monetary ones. Since the recent fluctuation was limited to the aforementioned 10-18 range, which means that the effectiveness of targeting is still within the acceptable level, since the parallel price system is considered subordinate to the targeted price system, since the first Based on the second in the mathematical and economic effects.

Therefore, it is too early to predict the dollar exchange rate will deteriorate in the presence of these political and procedural variables. 2024/07/14 https://economy-news.net/content.php?id=45216

Foreign Minister: US Treasury Positively Assessed Central Bank's Efforts

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein confirmed that the US Treasury Department positively evaluated the efforts of the Central Bank.

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 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 Department to discuss issues related to monetary policy and banking signs."

He added that "the US Treasury Department 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."  https://www.radionawa.com/all-detail.aspx?jimare=38852

Federation Of Iraqi Industries: The Government Has Focused All Its Attention On The Private Sector

Money  and business  Economy News – Baghdad  The Iraqi Industries Federation confirmed, on Sunday, that the government has focused all its attention on the private sector, which has provided significant support that has given it strength in the market and the ability to contribute to supporting government projects.

The head of the union, Adel Aqab, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the union works in cooperation with the government, the private sector and the International Labor Organization and implements programs that benefit the private sector, which is clearly supported by the government," noting that "the government has focused its attention on this sector, which has given it clear strength in the market and a greater ability to support government projects."

Regarding the government's interest in infrastructure before paving operations, Aqab explained that "any paving operation without infrastructure is a waste of public money, as these stages are temporary and immediate, so paving operations must precede infrastructure projects, which is what the government is currently working on and is supported by the Federation of Industries and the private sector in providing the necessary materials for the work."

Views 43   2024/07/14 -   https://economy-news.net/content.php?id=45226

Iraq Is The Fourth Largest Oil Exporter To America During The Week

Economy | 09:00 - 07/14/2024  Baghdad - Mawazine News  The US Energy Information Administration announced on Sunday that Iraq's oil exports to the United States increased last week.

The administration stated that "the average US imports of crude oil last week from 9 major countries amounted to 5.635 million barrels per day, up by 235 thousand barrels per day from the previous week, which amounted to 5.400 million barrels per day."

It added that "Iraq's oil exports to America amounted to 217 thousand barrels per day last week, up by 22 thousand barrels per day from the previous week, which amounted to 195 thousand barrels per day."

The administration indicated that "the largest oil revenues to America last week came from Canada at a rate of 3.889 million barrels per day, followed by Mexico at an average of 417 thousand barrels per day, followed by Saudi Arabia at 239 thousand barrels per day, and from Colombia at 226 thousand barrels per day, then Brazil at a rate of 217 thousand barrels per day."

According to the table, "the amount of US imports of crude oil from Nigeria was at a rate of 170 thousand barrels per day, from Ecuador 162 thousand barrels per day, then Libya at a rate of 44 thousand barrels per day."    https://www.mawazin.net/Details.aspx?jimare=251283

More Than $250 Million In Foreign Transfers To The Central Bank Of Iraq At Today's Auction

Time: 2024/07/14 {Economic: Al Furat News} Sales of foreign remittances in the Central Bank auction, today, Sunday, increased by 92% over cash sales, reaching more than $255 million.

Today, the Central Bank sold during its auction for buying and selling the US dollar 275 million, 781 thousand, and 251 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 255 million, 431 thousand, and 251 dollars, an increase of 92% over cash sales amounting to 20 million, 350 thousand dollars.

The number of banks that purchased cash dollars was two, while the number of banks that met requests to enhance balances abroad was 15 banks, and the total number of exchange and brokerage companies participating in the auction was 6 companies   LINK

Dollar Prices Close At 150 Thousand Dinars

Economy | 07/14/2024  Baghdad – Mawazine News  The dollar exchange rates closed on Sunday stable in the local markets of the capital, Baghdad.

Our correspondent said, "The dollar prices stabilized with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 150,250 Iraqi dinars for every 100 dollars, which are the same prices recorded yesterday, Saturday." He added, "The selling prices in exchange shops in the local markets in Baghdad stabilized, as the selling price reached 151,250 dinars, while the purchase price reached 149,250 dinars for every 100 dollars." https://www.mawazin.net/Details.aspx?jimare=251303

Stock Exchange.. Sunday's Session Ends In Red

Market  Economy News – Baghdad  The stock market index declined on Sunday, ending the first day of this week in red.   The index fell by 0.35%.   The number of traded shares reached 8.4 billion shares, worth 3.4 billion dinars. During the session, 518 deals were executed on the shares of 30 companies.

The shares of six companies rose, while the shares of 10 others fell.

72 views 2024/07/14 -https://economy-news.net/content.php?id=45224

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

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 7-14-24

Good afternoon Dinar Recaps,

ARE THE LARGEST BANKS IN THE WORLD STARTING TO INVEST IN CRYPTO?

"The largest investment banks in the world are rolling out crypto services and investing in crypto companies.
JP Morgan. BNY Mellon. Goldman Sachs. They all foresee global adoption in the IMMEDIATE FUTURE
From consumers to financial institutions the world is getting ready to use crypto as money."

@ Newshounds News™

Source:  Twitter

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XRP Climbs 10% In Bullish Trade

XRP was trading at $0.4968 by 00:26 (04:26 GMT) on the Investing.com Index on Saturday, up 10.07% on the day. It was the largest one-day percentage gain since March 11.

The move upwards pushed XRP's market cap up to $27.5901B, or 1.29% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.4407B.

XRP had traded in a range of $0.4738 to $0.4968 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 15.53%. The volume of XRP traded in the twenty-four hours to time of writing was $1.7086B or 3.08% of the total volume of all cryptocurrencies. It has traded in a range of $0.4036 to $0.4968 in the past 7 days.

At its current price, XRP is still down 84.90% from its all-time high of $3.29 set on January 4, 2018.

@ Newshounds News™

Read more:  Investing 

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Ripple Finds a Spot in a Very Prestigious List: Details

“The digital asset space was buoyed in 2024 by strong price movements in cryptocurrencies,” CNBC and Statista noted.

Ripple was named one of the top 250 fintech companies for 2024 in the “digital assets” category by CNBC and Statista.

The company has received multiple awards, including the PAY360 Award and recognition as a top workplace by Fortune Magazine.

Ripple’s Latest Recognition
The American business news channel – CNBC – and the global industry statistics database – Statista – conducted a mutual study to find out the top 250 fintech companies for 2024. One of the awarded firms in the “digital assets” section is Ripple. It is one of the three entities placed on that list last year, with Coinbase and OpenSea being the others.

CNBC and Statista explained that the “digital assets” category comprises firms that make it “easier to access and use” cryptocurrencies and blockchain-based applications. They also noted the industry’s success in 2024, reminding that Bitcoin (BTC) hit an all-time high price of over $70,000 in March.

The entities revealed that 116 of the top 250 fintech companies are located in the United States (including Ripple, which is headquartered in San Francisco). The United Kingdom follows next with 30 firms, while India is home to 11 entities on the list.

The Previous Awards
This is not the first time Ripple has found a place in such a category. In October last year, it won the payment prize in the UK – the PAY360 Awards. The company topped the ranking for being the leader in digital currencies/assets in financial services.

One of the people acknowledging the achievement was Sendi Young – Managing Director of Ripple’s European operations. “Such an honour to win in this UK’s most prestigious payments awards,” she said at the time.

Prior to that, Fortune Magazine placed Ripple in the 13th position (out of 50) as “the best workplace in technology” for 2023. According to the business magazine, 94% of the firm’s employees consider it “a great place to work.” 98% of the staff said they were warmly welcomed upon starting their journey at the company, while 96% were supportive of the management team.

Last but not least, People Magazine included Ripple in its list of “top 100 companies who care for employees and society.” Other well-known corporations that were part of that club were American Express, NVIDIA, Deloitte, MasterCard, and more.

@ Newshounds News™

Read more:  Crypto Potato

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Five Major Reversal Indicators for Crypto Market in July: Goldman Sachs, ETH ETF S-1 filings and More

U.Today - The crypto market is gearing up for a potential turnaround in July, which will be fueled by several crucial factors. Here are five major indicators to watch:

Federal Reserve's potential rate cuts
The Federal Reserve may cut interest rates as early as September, according to recent rumors, and again in December. The markets will gain liquidity from these cuts, according to analysts, and cryptocurrencies might benefit from another positive CPI print.

Progress on Ethereum ETF S-1 filings
The Ethereum ETF issuers received their S-1 forms back from the SEC recently, with a request for small changes. Before being approved, these issuers must respond to the criticisms and resubmit, passing at least one more review round. It is a result of drawing in more institutional investors.

CFTC chair's stance on crypto regulation
According to recent comments made by the CFTC chair, between 70% and 80% of cryptocurrencies are not securities, underscoring the necessity for the CFTC to regulate these assets in accordance with the Commodities Exchange Act. This position may end the protracted discussion about whether cryptocurrencies are better classified as commodities or securities, providing much-needed regulatory clarity and enhancing investor confidence.

Goldman Sachs' tokenization projects
By the end of the year, Goldman Sachs wants to introduce three tokenization initiatives, with an emphasis on U. S. as well as European markets. These initiatives, which are led by tokenization and cryptocurrency enthusiast Mathew McDermott, have the potential to attract major institutional interest and investment into the crypto business.

JPMorgan's optimistic Bitcoin outlook
In a report released today, JPMorgan forecasts a bullish bounce for Bitcoin in August. In spite of recent market downturns, the bank is still bullish about Bitcoin's prospects. The analysis emphasizes that less downward pressure is anticipated as the recent wave of cryptocurrency liquidations fades. To better reflect the current state of the market, JPMorgan has also lowered its estimate of the year-to-date crypto net flow from $12 billion to $8 billion.

@ Newshounds News™

Read more:  Investing

~~~~~~~~~

Gold Prices Forecast: Bullish Momentum Builds on Rate Cut Expectations

Key Points:
—Gold surges above $2,400 as Fed rate cut expectations soar. Inflation data fuels rally, with markets now pricing 96% chance of September cut.

—Fed officials turn dovish, boosting gold's appeal. Daly and Goolsbee signal potential rate cuts as disinflation trend resumes. Third weekly gain for gold.

—Global uncertainties support gold's safe-haven status. Central banks continue buying spree. Traders eye potential new record highs amid dovish sentiment.

@ Newshounds News™

Read more:  FX Empire

~~~~~~~~~

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Thank you Dinar Recaps

More News, Rumors and Opinions Sunday Afternoon 7-14-2024

KTFA:

Clare: A new economic crisis is on the horizon.. The war between the US dollar and the Chinese yuan in the Iraqi market

7/14/2024

In an "unsuccessful" move, as described by economic experts, the Central Bank of Iraq has stopped dealing in the Chinese yuan after the US Federal Reserve accused Iraq of "inflating remittances.

" While economic experts warned of the effects of this decision on the local market and its causing an increase in the exchange rate of the US dollar and an increase in inflation rates, which has negative repercussions on the economic situation of the Iraqi family, they presented 3 solutions to the Central Bank of Iraq to continue the flow of remittances to China.

In the latest Iraqi government move to stop dealing in the Chinese yuan, informed sources revealed to Shafaq News Agency, yesterday, Saturday, that the Governor of the Central Bank of Iraq, Ali Al-Alaq, is making an unannounced visit to the United States of America to discuss with officials in Washington the decision of the US Federal Reserve to stop Baghdad from dealing in the Chinese yuan.

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 Mohammed Shia Al-Sudani to the United States.

"unsuccessful move"

Commenting on this decision, economic expert, Diaa Al-Mohsen, said, “The suspension of dealing in the Chinese yuan by the Central Bank of Iraq is an unfortunate step if we take into consideration that trade dealings with China exceed 65 billion dollars.”

Al-Mohsen added to Shafaq News Agency, "This decision will have a negative impact on the local market, and the demand for the dollar will increase, which means an increase in the exchange rate of the US dollar in the local market, which will increase inflation rates, which will have negative effects on the economic situation of the Iraqi family."

The economist points out that "the suspension of dealing in the Chinese yuan by the Central Bank of Iraq is a matter that has negative effects on economic organizations in the world, and may lead to the severing of their trade and economic relations with Iraq, due to the confusion of the policies of the Central Bank of Iraq that are not stable for a long period."

It is noteworthy that Iraq has strengthened its assets denominated in yuan through the Development Bank of Singapore to finance Iraqi trade and imports with China by about $12 billion annually.

Iraq has also moved to boost its assets in UAE dirhams and negotiated an increase in its euro-denominated assets to finance trade with the European Union, and Iraq has begun opening bank accounts in Indian rupees for a number of Iraqi banks.

"More political than economic"

For his part, the economic researcher, Ahmed Eid, believes that “the decision to stop dealing in the Chinese yuan is an American political decision more than it is an economic decision, according to the soft war that is being carried out under the influence of the strength of interests between the United States and China.”

Eid pointed out during his interview with Shafaq News Agency, "The decline of America's military and commercial presence in Iraq left a security, economic and political vacuum that was controlled by Iran and China, which quickly filled that vacuum and seized the opportunity to penetrate Iraq, which is considered the fifth largest oil reserve in the world."

He continues in his analysis, "Within the multiplicity of interests and the American-Iranian conflict over hegemony and influence in Iraq, China has infiltrated through its soft power, to control the general trade market and export its industries and products to Iraq at competitive prices."

The economic researcher continues, "After the United States had been Iraq's trading partner since its invasion of Iraq in 2003, it is no longer able to compete with China today, which has swallowed up a large part of the trade exchange with Baghdad, which has made America feel threatened."

Eid explains at the end of his talk, "Most of the Iraqi supply and transportation companies are no longer in the hands of major traders, but rather are controlled by economic offices affiliated with militias and parties. These companies are trying, through various means, to smuggle dollars out of Iraq, or through cash exchange operations for the currency, which is what prompted the United States to continue imposing its sanctions on private companies and banks operating in Iraq."

It is noteworthy that the Central Bank of Iraq has issued several decisions since the beginning of 2023 that would maintain the stability of the general monetary and economic situation and confront the risks of fluctuations in the exchange rate of the Iraqi dinar against the US dollar, in addition to facilitating import and export operations by opening new horizons with international banks, including Chinese banks.

Among the decisions of the Central Bank of Iraq is to enhance the balances of Iraqi banks that have accounts with Chinese banks in Chinese yuan, as dealing in yuan directly without the mediation of the US dollar contributes to facilitating and accelerating financial transactions, and will reduce import costs and protect against the risks of fluctuating exchange rates within Iraq.

3 options for the Central Bank of Iraq

In turn, the economic expert, Mustafa Hantoush, says, “The Federal Reserve’s accusation of Iraq of (inflating remittances), i.e. transferring money in exchange for the entry of goods at a value less than the value of the transferred money or the non-entry of goods at all, here the Central Bank was unable to answer or defend because the Central Bank has not linked the Central Bank’s remittances to the goods that enter through the border crossings like all countries of the world for 20 years. In addition to that, the absence of this linkage causes a loss of no less than 5 billion dollars annually due to the failure to collect real (customs and taxes), and international accusations against Iraq of money laundering and currency smuggling.”

Hantoush added to Shafaq News Agency, "After this accusation from the Federal Reserve and the inability of the Central Bank to defend itself, there are several options before the Central Bank of Iraq, including quickly establishing a link between remittances and border crossings, contracting with a new company to flow remittances from Iraq to China (within the Central Bank), and transferring dollars instead of Chinese yuan through Iraqi banks owned by (foreign investors) that have accounts in (Citibank) and (JP Morgan), which may cause those banks to control 90 percent of the currency window, and a near halt to the work of the Iraqi banking system."   LINK

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Clare:  The framework gives the Sunnis the last chance to name the parliament speaker: no postponement after that

7/14/2024

The Coordination Framework, which brings together the ruling Shiite political forces in the country, set today, Sunday, July 20, as the date to decide on naming a new speaker for the Iraqi parliament, stressing that after this date, the matter will be left to the members of the House of Representatives to choose for themselves who they see as suitable for this position.

The leader in the framework, Aid Al-Hilali, told Shafaq News Agency, "The Coordination Framework forces gave the Sunni political forces a deadline until July 20, i.e. after the end of the Ashura rituals, to decide their position and agree among themselves on the file of electing the parliament speaker."

He added that "if the Sunni political forces do not agree among themselves, a session will be held to elect the Speaker of the House of Representatives, in the first session of the legislative term, and the matter will be left to the representatives, and whichever candidate gets the highest number of votes will be the new president," stressing that "there is no postponement in this, as the framework forces want to resolve the issue quickly, as it has had a negative impact on legislative and oversight work."

Since the Federal Supreme Court (the highest judicial authority in Iraq) decided in November 2023 to terminate the membership of former Parliament Speaker Mohammed al-Halbousi, the political parties and forces have not been able to name a new Parliament Speaker due to the differences between them.  LINK

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

Frank26   The FITR...it's a transaction activity  platform that's interesting because they are exchanging and trading funds that come under the category of cross currency swapping and they are including now the Iraqi dinar.  Why would you Mr. Country whoever-you-are, why would you want to be involved with the Iraqi dinar?  Why would you want to do any type of transaction activity with the FITR when you're dealing with a currency that has no value?  Obviously there is a value.  Obviously they know more than we know. This currency swapping is a very very significant thing. 

Guru Mnt Goat  In talking to my CBI contact      ...I was told there is a master plan they are following to get to the reinstatement... The point that was made to me...is that the IQD should already be reinstated if nothing else to what it was prior to 1990, then to let it float and the market will drive it like any other foreign currency that is traded...

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Once You Get Money Upgrade These 15 Things Immediately

Alux:  2023

In this Alux.com video we will be answering the following questions:

What should you upgrade once you get rich?

What things rich people buy that make sense?

What are the best things to buy when you're rich?

00:00 – Intro

 00:38 - Your face

01:57 - Your physical strength

04:01 - Your bed: mattress, pillows, linens

 05:32 - Your food

06:47 - Your schedule

08:27 -Your location

 09:24 - Convenience

10:42 - House Cleaning Services + Subscription for Essentials

 11:43 - Time with your family

12:39 - Your teachers

 14:21 - Your stories and adventures

15:57 - Your charity work

17:04 - Your wardrobe

18:04 - Your subscriptions

19:01 - Upgrade Your Life by Downgrading your Taxes

https://www.youtube.com/watch?v=EwD5RIqTGs4&t=147s

Economist’s “News and Views” Sunday 7-14-2024

Stocks At ‘1929’ Peak; 'Storm' About To Hit, Force Fed Capitulation | Tavi Costa

David Lin:  7-13-2024

Tavi Costa, Portfolio Manager at Crescat Capital, discusses the dangers of stock market valuations, the coming steepening of the yield curve, the deteriorating economy, and the Fed's response to current macroeconomic conditions.

0:00 - Intro

2:00 - Yield curve steepening

 10:45 - Currencies

12:20 - Bull vs. Bear steepener

 18:40 - Financial vs. “real” assets

20:57 - Fed cuts

24:00 - China’s “gold rush”

26:47 - Gold price outlook

 29:50 - Dollar outlook

32:30 - Which “real asset” will outperform?

37:00 - Mining industry

47:30 - Gold’s price “floor”

https://www.youtube.com/watch?v=eAFJTcmDZx4

Japan Dumps $22B USD In Desperate Currency Rescue, US Instructs EU To Cut Away China Investments

Sean Foo:  7-13-2024

Japan has had enough and begins its currency intervention. The Bank of Japan dumps $22 Billion dollars in order to prop up the Yen, but this is pointless.

Meanwhile, the economic war is escalating with the US telling Europe to cut investments into China. Here's what you must know!

Timestamps & Chapters:

0:00 Japan's Desperate Currency Rescue

2:45 BOJ Hiding From Janet Yellen

5:29 US Tells EU To Stop Investing In China

 8:31 America's True Agenda

 11:17 Economic War Escalate

https://www.youtube.com/watch?v=gyuGnSt405I&t=27s

US Pressure on Africa to Choose World Bank Over China: What is going on?

Fastepo:  7-14-2024

Over the past two decades, China has significantly expanded its infrastructure projects across nearly every African country. This involvement includes massive investments in roads, railways, ports, and other critical infrastructure, amounting to over $140 billion in loans for various projects.

As of 2020, around 49 African countries had signed agreements under China's Belt and Road Initiative (BRI), highlighting the extensive reach of these projects.

China-Africa trade surged from $11.67 billion in 2000 to $257.67 billion in 2022, making China the leading trading partner for many African countries, surpassing traditional partners like the UK and the US.

Chinese FDI flows to Africa rose from $75 million in 2003 to a peak of $5 billion in 2021. Western critics, popularized the term "debt-trap diplomacy" to describe China's strategy.

This term suggests that China provides loans for infrastructure projects that recipient countries cannot afford to repay, ultimately allowing China to exert strategic control over these nations. Examples often cited include Zambia and Uganda.

Zambia, for instance, is heavily indebted to China, with approximately $5.05 billion owed, which is about 30% of its total external debt and roughly 20% of its GDP. In Uganda, there are fears that the Entebbe International Airport could be taken over by China due to the terms of their loan agreements.

However, this perspective is contested. Proponents argue that China's investments have brought significant infrastructure improvements and economic benefits to Africa. They note that many Chinese projects have created jobs, enhanced business opportunities, and facilitated connectivity.

For instance, Chinese telecommunications company Huawei has expanded digital connectivity across 40 African countries. Furthermore, Chinese-built railways, like the one connecting Nairobi to Mombasa in Kenya, are seen as critical to boosting local economies.

Critics from the West argue that these benefits are overshadowed by the long-term economic risks and the lack of transparency in Chinese loan agreements. They assert that the opacity and potentially exploitative nature of these loans can undermine the sovereignty and financial stability of African nations. In contrast, defenders of China's involvement highlight the historical context of Western colonialism and the ongoing need for infrastructure in Africa, which Western countries have not adequately addressed.

They argue that labeling Chinese investments as "debt-trap diplomacy" oversimplifies the complex economic relationships and the mutual benefits derived from these projects. In this video, we delve into the heart of China's relationship with Africa, investigating why many African countries favor partnerships with China over those with Western nations.

Additionally, we discuss the initiatives by the European Union and the United States—Global Gateway and Build Back Better World (B3W)—and how these compare to China's efforts.

https://www.youtube.com/watch?v=tsDB-QJtm30