FRANK26….7-17-24…NOT A LOP!!!
KTFA
Wednesday Night conference Call
FRANK26….7-17-24…NOT A LOP!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Wednesday Night conference Call
FRANK26….7-17-24…NOT A LOP!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
Gold is Smashing New Records as Fiat Currency System Dies
Gold is Smashing New Records as Fiat Currency System Dies
On July 16, 2024 By Awake-In-3D
As traditional currencies falter, gold emerges as the new foundation of a global financial reset.
The ongoing instability in the fiat currency financial debt system, marked by increasing debt and economic volatility, is propelling it towards an inevitable implosion and crash.
In this context, the financial world is gradually recognizing the necessity of transitioning to an alternative system, which is expected to be a hybrid gold-backed currency structure. This shift is driven by a combination of factors, including persistent inflation, geopolitical tensions, and diminishing trust in fiat currencies.
Gold is Smashing New Records as Fiat Currency System Dies
On July 16, 2024 By Awake-In-3D
As traditional currencies falter, gold emerges as the new foundation of a global financial reset.
The ongoing instability in the fiat currency financial debt system, marked by increasing debt and economic volatility, is propelling it towards an inevitable implosion and crash.
In this context, the financial world is gradually recognizing the necessity of transitioning to an alternative system, which is expected to be a hybrid gold-backed currency structure. This shift is driven by a combination of factors, including persistent inflation, geopolitical tensions, and diminishing trust in fiat currencies.
As gold’s value reaches historic highs against the US Dollar, it becomes clear that the global economy is pivoting towards a new foundation.
The rise in gold prices signals a broader awakening to the limitations of fiat currencies, positioning gold as the cornerstone of the forthcoming Global Currency Reset (GCR) and Revaluation of Currencies (RV).
This transformation underscores the growing consensus that gold will play a pivotal role in the future monetary system, offering stability and reliability in an increasingly uncertain financial landscape.
In This Article
Overview of Recent Gold Price Surge
Analysis of Factors Driving Gold’s Rise
The Decline of Fiat Currencies
Predictions for Gold in the Global Currency Reset
Gold prices have reached record highs, driven by a combination of economic uncertainty and shifting market dynamics. As traditional fiat currencies face increasing skepticism, gold’s role as a stable financial asset is becoming more prominent.
Recent Surge in Gold Prices
Gold prices soared today, hitting new record highs.
This rise was fueled by growing expectations of U.S. interest rate cuts, which have weakened the dollar and increased gold’s appeal as an investment. The August gold contract on Comex climbed to $2,467.80 an ounce, surpassing previous records.
This trend reflects a broader shift in investor sentiment as traditional financial systems face mounting pressures.
Factors Driving Gold’s Rise
Several factors contribute to the recent surge in gold prices.
Key among these is the anticipated interest rate cuts by the Federal Reserve, which have led to a decline in Treasury yields and the dollar’s value. Lower interest rates diminish the returns on fixed-income assets, making gold, which does not yield interest, more attractive.
Economic data showing weaker performance and declining inflation has further pressured bond yields. As Fawad Razaqzada, a market analyst at City Index, notes, “The weakness in economic data and falling inflationary pressures boost the appeal of low- and zero-yielding assets, thereby keeping the gold outlook positive.”
The Decline of Fiat Currencies
The rising value of gold also highlights a growing disenchantment with fiat currencies.
The current fiat currency financial system, burdened by increasing debt and economic instability, appears to be nearing a critical breaking point.
This sentiment is echoed by Edmund Moy, a senior IRA strategist at U.S. Money Reserve, who points out that political uncertainty and economic underperformance in major economies like China are driving investors toward gold. “Rising gold demand and limited gold supply usually equals higher gold prices,” Moy says, emphasizing gold’s enduring appeal as a safe-haven asset.
Predictions for Gold in the Global Currency Reset
Looking ahead, the potential for a Global Currency Reset (GCR) and the Revaluation of Currencies (RV) positions gold at the center of a new financial paradigm.
As fiat currencies falter, a hybrid gold-backed currency system is emerging as a viable alternative. Ryan McIntyre of Sprott predicts a new wave of demand for gold from financial advisers and institutions, driven by increasing instability in traditional financial and monetary markets.
This optimistic outlook is based on the expectation of eventual interest rate cuts, geopolitical instability, and continued demand from central banks.
The Bottom Line
Gold’s unprecedented rise underscores a pivotal moment in the global financial landscape.
As fiat currencies show signs of distress, gold is being recognized as a stable and reliable asset. This shift is not just a temporary trend but signals a potential transformation towards a gold-backed currency system.
Investors and financial institutions are increasingly turning to gold, anticipating its critical role in the forthcoming Global Currency Reset and Revaluation of Currencies.
Contributing Articles:
https://www.marketwatch.com/story/why-gold-prices-look-to-smash-more-records-9eba107f
https://www.cbsnews.com/news/how-high-will-the-price-of-gold-go-heres-what-some-experts-think/
https://www.cbsnews.com/news/gold-prices-have-hit-a-new-record-high-5-moves-to-make-now/
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Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-17-24
Good Afternoon Dinar Recaps,
OPEC Plus alliance agreement enhances the balance of the global oil market in the second half of 2024
Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.
Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has been implementing a series of production cuts since late 2022 to support the market.
The Alliance agreed on June 2 to extend the previous cut of 2.2 million barrels per day until the end of September and gradually remove it starting in October.
Good Afternoon Dinar Recaps,
OPEC Plus alliance agreement enhances the balance of the global oil market in the second half of 2024
Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.
Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has been implementing a series of production cuts since late 2022 to support the market.
The Alliance agreed on June 2 to extend the previous cut of 2.2 million barrels per day until the end of September and gradually remove it starting in October.
The US Energy Information Administration said last week that global oil demand will exceed production by about 750,000 barrels per day in the second half of 2024 due to the decline in OPEC Plus production.
The OPEC report last week also indicated a deficit in oil supplies in the coming months and in 2025.
Novak explained that the global oil market will be balanced thanks to Russia’s moves.
Source: National Iraqi News Agency
@ Newshounds News™
Read more: Iraq News Gazette
~~~~~~~~~
TOKENIZED GOLD- WHAT IS IT?
" Tokenization of gold is one of the recent blockchain use cases quickly gaining popularity among crypto enthusiasts, investors, and businesses. The present-day market cap of tokenized gold has already reached 1.17 billion, which is a firm upward trend reflecting the rising prices of physical gold. "
" But is investing in a gold-backed cryptocurrency as safe as physical gold? What are the benefits of tokenized gold, and what risks are involved?"
"Investment in ETFs is a safer option in terms of pure gold investment. Yet, ETFs are not stocks, bonds, or other securities that you may hold in your bank account and exchange for physical gold. Like any other ETFs, gold-backed ones are only derivatives of the stock exchange instrument that an owner doesn’t actually own. That’s why such investments are also a risky strategy with limited investor control. "
"When it comes to investment in tokenized gold, things are much more transparent and simpler for investors here. The scheme works as follows: "
1. The project acquires a certain amount of physical gold and stores it securely in its deposits.
2. The company issues tokenized gold coins, the cumulative number and value of which equal the amount of gold in its vaults.
3. The coins get into circulation and are used by traders, project users, buyers, and sellers. Their price is stably pegged to the price of gold, and in some cases, the coins may be exchanged for the respective amount of physical gold at any moment the owner claims such a possibility.
"This way, you may perceive digital gold as gold ownership tokens – securities that verify your right to a specific amount of physical gold."
THE ROLE OF BLOCKCHAIN IN GOLD INVESTMENT
"All of the risks and challenges with digital gold security, liquidity, and fungibility have given rise and popularity to the tokenized gold market. Digital gold is equivalent to physical gold stored in a safe location by the coin’s issuer, which frees you from the need to take care of the gold storage solutions."
"At the same time, every coin you own comes with the ownership right for physical gold, giving you direct ownership rights, unlike those of gold ETF investments. These are the reasons why tokenization of precious metals has become so popular in the crypto space. "
"All in all, gold investments open many exciting opportunities for you.."
1. First, you can address inflation by investing in this conservative instrument with fewer risks and limitations.
2. Second, you can take advantage of the rising gold prices similar to traditional gold investments.
3. Third, getting some digital gold to your portfolio is always a great diversification measure that can protect your assets from rapid price turns in the crypto market.
@ Newshounds News™
Read more: 4 IRE Labs
~~~~~~~~~
Study: Digital Wallets to Overtake Debit Cards for In-Store Payments by 2027
Digital wallets have revolutionized the payment space in recent years. They provide an easy, contactless and secure way to make purchases and transfer money through the convenience of smartphones.
The method is the fastest-growing payment option in the United States, which is especially true among younger consumers. Most Americans say they use digital wallets more often than traditional payment methods. Even more intriguingly, consumers who use this payment method tend to spend more than nonusers. According to a new Worldpay report, the payment method will overtake debit cards in transaction value in North America for in-store payments by 2027.
Digital wallets’ popularity and payment values make them a priority tool for businesses to incorporate into their payment suites. However, merchants have some catching up to do to keep pace with this unstoppable trend. Some notable stumbling blocks — including perceptions about security, complexity and legacy technology — are still holding many back.
The “Money Mobility Tracker®” examines the meteoric rise of digital wallets. It also looks at how payment providers can help small merchants overcome concerns about security, complexity and technology to offer this payment method to their customers.
—Convenience Translates to Higher Use — and Spending
—Broadening Merchant Adoption of Digital Wallets
—Consumers Crave Additional Uses and Features in Digital Wallets
@ Newshounds News™
Read more: PYMNTS
~~~~~~~~~
HOW DO YOU INVEST IN TOKENIZED GOLD AND SILVER?
"In recent years, the concept of tokenizing real-world assets (RWAs) has gained significant traction in the world of finance and investment. RWAs refer to the process of representing physical or financial assets on a blockchain through the use of tokens. This innovative approach has opened up new opportunities for investors, particularly in the realm of precious metals."
REMEMBER THIS TERM- (RWA) Real World Assets)
"By incorporating tokenized precious metals into a well-balanced investment portfolio, investors can potentially mitigate risk and protect their wealth from the erosive effects of inflation."
The Process of Investing in Tokenized Precious Metals
"Investing in tokenized precious metals is a straightforward process, but it requires careful consideration and due diligence."
1. The first step in investing in tokenized precious metals is selecting a reputable platform or issuer. It is crucial to choose a provider with a proven track record, strong security measures, and transparent operations.
2. Understanding the custody and storage of the underlying physical assets is another critical factor when investing in tokenized precious metals. Reputable issuers should provide clear information about the location and security of the vaults where the physical precious metals are stored.
3. Once you have selected a reputable platform and evaluated the regulatory compliance, the next step is purchasing and storing the tokenized precious metals. Investors can typically buy tokenized precious metals directly from the issuer or on secondary markets, such as cryptocurrency exchanges.
4. Finally, some tokenized precious metals platforms offer the option to redeem the tokens for physical precious metals. This feature provides investors with the flexibility to convert their digital holdings into tangible assets if desired.
"One of the primary risks associated with tokenized precious metals is regulatory uncertainty and the evolving legal landscape. As highlighted in The Legal Roadmap: Tokenizing Commodities within Regulatory Frameworks, the regulatory environment for tokenized assets varies across jurisdictions, and there is a lack of clear global consensus."
@ Newshounds News™
Read more: Block Apps
~~~~~~~~~
Why is XRP price up today?
XRP has outperformed the broader crypto market, boosted by its underbought RSI and whale interest.
Crypto market rebound boosts XRP higher
On July 17, XRP price jumped by nearly 7% to $0.618, its highest in three months, despite the sell-off fears led by the ongoing Mt. Gox reimbursement. The XRP/USD pair has climbed by around 62.20% when measured from its local low of $0.381 established on July 5.
Interestingly, the crypto market capitalization has vastly underperformed XRP’s rebound, rising by about 24.50% in the same period. In fact, XRP/USD is still down 1.71% year-to-date compared to the crypto market’s 40% returns.
This puts XRP holders in a good position to benefit from such a catch-up rally, particularly with growing interest rate cut chances in September.
"We might be on the verge of witnessing one of the most significant breakouts in crypto history," stated pseudonymous crypto trader Crypto Michael on X. He highlighted a bullish pennant pattern forming on XRP’s price chart over seven years, a rare occurrence where the price consolidates within a triangle pattern following a strong upward movement.
@ Newshounds News™
Read more: Coin Telegraph
~~~~~~~~~
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends
Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.
—Hong Kong's regulators published the conclusions from their consultation on a stablecoin regime.
—The next step is to prepare a bill for the Legislative Council.
Hong Kong's financial regulators said they plan to present a bill on fiat-referenced stablecoins to the Legislative Council later this year.
The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published the results of a consultation, and concluded that the stablecoin regime would "primarily focus on representations of value which rest on ledgers that are operated in a decentralised manner" in which "no person has the unilateral authority to control or materially alter its functionality or operation."
The consultation paper for stablecoin guidelines published at the end of last year received 108 submissions from stakeholders. The regulators plan to take suggestions from respondents before finalizing the bill for the legislative process.
The regulators confirmed their initial proposal that any person who issues a stablecoin in Hong Kong must obtain a license. While they say keeping reserve assets with banks licensed in Hong Kong could provide greater user protection, they are open to considering proposals on placing reserve assets in other jurisdictions.
Foreign entities intending to apply for a license will be required to establish a Hong Kong subsidiary and have key management personnel, including a CEO, in the territory.
After considering the responses, the HKMA said it is "inclined to reduce the frequency of public disclosure." It had proposed monthly attestation by an independent auditor, and will continue discussions on the matter.
Hong Kong is trying to keep pace with other major jurisdictions in becoming a leading crypto hub. Europe's MiCA stablecoin regime came into force this month and members of Congress in the U.S. are actively attempting to push forward stablecoin bills.
In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations. In today's announcement, the HKMA said it is processing the applications for the stablecoin issuer sandbox and will announce more shortly.
@ Newshounds News™
Read more: Coindesk, HKMA, Coindesk Policy
~~~~~~~~~
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Thank you Dinar Recaps
Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24
Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call. It is Tuesday, July 16th and you're listening to the big call- Thanks everybody for tuning in - the SAT team for connecting us around the globe with millions of listeners, that have been targeted specifically as currency holders - We know that actually the call is targeted to - nobody else has that but we have it – and I’m glad we do - Thank you, everybody that is listening with Big Call Universe Thank you Sue and Bob for being here to co-host with me
And let's go into the Intel - Talk about what's going on. Where we are, well, we're looking very, very strong right now. The sources we've talked to are talking about this going by the 18th, which is Thursday, today is Tuesday.
Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call. It is Tuesday, July 16th and you're listening to the big call- Thanks everybody for tuning in - the SAT team for connecting us around the globe with millions of listeners, that have been targeted specifically as currency holders - We know that actually the call is targeted to - nobody else has that but we have it – and I’m glad we do - Thank you, everybody that is listening with Big Call Universe Thank you Sue and Bob for being here to co-host with me
And let's go into the Intel - Talk about what's going on. Where we are, well, we're looking very, very strong right now. The sources we've talked to are talking about this going by the 18th, which is Thursday, today is Tuesday.
That means we should get notified between now and Thursday, we know quadrillions of dollars have been moving around as of probably before today, but we know today. We know that bond holders are to receive emails tomorrow that would give them access to their accounts on Thursday, the 18th we know that we should receive our email either over night or in the morning tomorrow, or sometime tomorrow, in which case we respond - we set up our appointments and we start exchanges either tomorrow or either on Thursday.
So this is really a great opportunity for us right now it’s terrific. Let's see what else we’ve got relevant - we have strong contacts, two contacts that are Iraqi citizens, that are in touch with high up people in Iraq, and they are telling us that the visit that the budget and rate of the Iraqi dinar will be published in tomorrow's Gazette, which is Wednesday, the normal published day in Iraq, we are expecting to see that published tomorrow.
So this is the time which is very serious for us to look for our emails tomorrow and be prepared to set your appointment to start Thursday. That seems to be the case – and look the 18th Is a date that has been decided on to have this start by.
It's also the date that NESARA is theoretically designed to begin – and for Jeannie and everybody else. If you're a zim holder, then you should be receiving your restitution and reclamation allowance, which we call R&R. You should receive that at the time of your exchange and redemption of zim - so that is a bonus for us.
Now let's say you're not a currency owner. You should receive your R&R by the end of July. So we, who are zim holders have a little advantage there to get it at the time of our exchange - That's really good news.
I cannot speak to the increase in Social Security - we’re over halfway through the month, so I don't know if that's something that we're looking at this month or next month – later could be increased, I’m really not that concerned - but it'll come when it comes, but we have to be concerned with is getting the toll free number, setting the appointment and going in for our exchange.
Now let's talk about zim holders. Zim holders, as you can imagine, because of the denomination - the currency itself of high priority. In fact, Zim holders, who have projects – who plan to be around for a while have priority on going in the med beds – Now - those with dire need, I'm one of them, will also have priority going into med beds - and not too long after the exchange appointment. So I'm very excited about that, and looking forward to that, and I think you should be also.
So – rates have been going back up, they were fluttering. They were not solid the last couple of days, Bank screens yesterday, at 9am rates were fluctuating. At 1pm at the redemption centers, they were fluctuating. And I recommend that everybody go and do the exchanges as soon as they can - however, for those that may not have Zim, if you're a Dong and dinar holder –
The dinar should offer us a contract rate which is going up from where it was a week ago – and It's extremely high – higher than we thought was possible, but this is an opportunity for you to get a maximum that President Trump wanted us to get with that exchange.
Keep that in mind, and as far as dong goes, they are supposed to bring that rate up higher as well. Not as high as the dinar but it would be very strong rate.
Do I believe this could be our last call? Yes, I don't normally say that, but I believe this is it, if our intel is proven correct with the thinking is tomorrow is a day we should be notified, and then Thursday is the day we should be exchanging and redeeming our zim.
All right, so that said, let's go ahead and pray the call out and look forward to a wonderful day tomorrow, even better day on Thursday when we start exchanges.
We're just going to say that’s it for our call. Okay, and so that's what I wanted to say tonight
Let's just thank Sue and everybody. Thank you satellite team for getting out and Lord God, thank you for giving us grace, giving us the faith, the measure of faith. Thank you for that.
Just let's just move forward tomorrow. Let's see where this goes and everybody have a great day tomorrow in Jesus name Amen.
Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Thursday Night 7-11-24 REPLAY LINK 1:11:40
Bruce’s Big Call Dinar Intel Tuesday Night 7-9-24 REPLAY LINK Intel Begins 1:13:20
Bruce’s Big Call Dinar Intel Thursday Night 7-4-24 REPLAY LINK NO CALL
Bruce’s Big Call Dinar Intel Tuesday Night 7-2-24 REPLAY LINK Intel Begins 1:14:20
Bruce’s Big Call Dinar Intel Thursday Night 6-27-24 REPLAY LINK Intel Begins 1:03:30
BRICS Overtake US and G7 According to IMF: Is it the end of Bullying?
BRICS Overtake US and G7 According to IMF: Is it the end of Bullying?
Fastepo: 7-17-2024
In recent years, the BRICS countries have shown remarkable economic dynamism, often outpacing the traditional economic powerhouses of the G7. This trend is highlighted in the latest International Monetary Fund (IMF) World Economic Outlook report, a key publication from one of the major Western-led financial institutions which is released on July 16th, 2024.
According to the IMF's projections for 2024-2025, these emerging markets are not only recovering robustly from the global disruptions of the past few years but are also establishing themselves as pivotal engines of global growth.
The IMF report underscores a significant shift in the global economic landscape. While advanced economies such as those in the G7 are expected to maintain steady but modest growth rates, the BRICS countries and their emerging market peers are projected to experience much higher growth trajectories.
BRICS Overtake US and G7 According to IMF: Is it the end of Bullying?
Fastepo: 7-17-2024
In recent years, the BRICS countries have shown remarkable economic dynamism, often outpacing the traditional economic powerhouses of the G7. This trend is highlighted in the latest International Monetary Fund (IMF) World Economic Outlook report, a key publication from one of the major Western-led financial institutions which is released on July 16th, 2024.
According to the IMF's projections for 2024-2025, these emerging markets are not only recovering robustly from the global disruptions of the past few years but are also establishing themselves as pivotal engines of global growth.
The IMF report underscores a significant shift in the global economic landscape. While advanced economies such as those in the G7 are expected to maintain steady but modest growth rates, the BRICS countries and their emerging market peers are projected to experience much higher growth trajectories.
In this video, we delve into discuss the details of this report by comparing BRICS countries against G7. This divergence in growth rates is not just a temporary phenomenon but a reflection of deeper structural changes and strategic economic policies in these emerging markets.
The BRICS nations and their allies are leveraging their large populations, growing middle classes, and strategic investments in infrastructure and technology to boost their economic performance. In contrast, the G7 countries are grappling with aging populations, slower productivity growth, and the lingering effects of the financial crises and economic uncertainties.
As the IMF report indicates, the global economic center of gravity is gradually shifting towards these dynamic emerging markets.
This shift is likely to have profound implications for global trade, investment, and geopolitical relations. The sustained higher growth rates in the BRICS and other emerging economies highlight the increasing importance of these countries in driving global economic progress and underscore the need for a more inclusive and representative global economic governance structure.
History of the Global Financial System by Elizabeth Rodriguez:
Note: All intel should be considered as "Rumors" until we receive official announcements ...
Excerpt from the Restored Republic via a GCR: Update as of Wed. 17 July 2024
Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington
Tues. 16 July Wolverine: History of the Global Financial System by Elizabeth Rodriguez:
King Solomon accumulated wealth, which was handed over to his successor King David and later to King Philip.
Backing a new global financial system was an estimated 2 Million metric tons of GOLD, held by a group of Royal Asian Families, which is also known as the Dragon Family.
In the 1930’s, the royal Asian families had seen that some of their gold and silver holdings in Southeast Asia were being plundered by the Japanese and needed to do something about it.
Note: All intel should be considered as "Rumors" until we receive official announcements ...
Excerpt from the Restored Republic via a GCR: Update as of Wed. 17 July 2024
Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington
Tues. 16 July Wolverine: History of the Global Financial System by Elizabeth Rodriguez:
King Solomon accumulated wealth, which was handed over to his successor King David and later to King Philip.
Backing a new global financial system was an estimated 2 Million metric tons of GOLD, held by a group of Royal Asian Families, which is also known as the Dragon Family.
In the 1930’s, the royal Asian families had seen that some of their gold and silver holdings in Southeast Asia were being plundered by the Japanese and needed to do something about it.
In 1938, the Chinese Koumintang government sent seven warships loaded with gold and silver to the US FEDERAL RESERVE for safekeeping. In return, the Chinese were given 60 year gold bonds.
A few years later in 1944, the infamous Bretton Woods Conference took place in which the US, France and Britain were given a 50 year mandate to modernize and transform the world for the better.
By August 17th, 1945, President Soekarno of Indonesia had been elected “M1” or Monetary Controller of this large cache of assets, granted under United Nations Resolution MISA 81704, Operation Heavy Freedom. These assets are better known as the GLOBAL COLLATERAL ACCOUNTS and were originally intended to be used for the modernization of the world through several Humanitarian Projects.
The Dragon Family are the legitimate Depositors of these accounts.
By 1955, it was shown that the International Monetary Fund (IMF), which was also created at Bretton Woods, was not living up to its word and was instead serving only the interest of the banking and political elite. It was at this time that a growing alliance began to see that these funds were being used to fuel the COLD War tension and decided to strongly oppose the shady banking CABAL.
By 1963, this alliance pooled their financial resources together to create the Green Hilton Memorial Agreement, which was signed by John F. Kennedy and President Soekarno and was finished on November 14, 1963.
This agreement was to utilize the GLOBAL COLLATERAL ACCOUNTS for global development and Humanitarian projects (along with a new US Treasury Note, a new supernational/international note backed by gold and would bring an end to the Federal Reserve System and the C.I.A.) Just 8 days later, JFK was assass*nated.
On November 22nd 1963 US President John Fitzgerald Kennedy was assass*nated in Dallas, Texas. Kennedy strongly opposed the military-industrial complex, which included the Federal Reserve and CIA. Kennedy had signed Executive Order 11110 into law on June 4th, 1963 which gave the president the right to issue GOLD-backed currency, and completely without permission from The Federal Reserve.
A short time following Kennedy’s passing, President Soekarno and then President Marcos was left to continue the GREEN HILTON MEMORIAL AGREEMENT. But, Soekarno was driven from power by way of COUP.
By 1968, the BUSH, KISSINGER, ROCKEFELLER and other influential families created a FAKE heir to the rights of the GLOBAL COLLATERAL ACCOUNTS. Up until the writing of this article in November of 2015, these accounts have been illegally and fraudulently used by the central banking system.
By 1978, President Marcos announced the ABL program along with other ASEAN Nation leaders in a meeting at Toronto, Canada. These programs will be backed by gold to free humanity from cabalist. But, just like President Soekarno President Marcos was compelled from his work by way of people power.
The 9/11 Connection: In 1998, 60 years after the Federal Reserve Board and the Chinese swapped gold for gold bonds, the Chinese requested their gold back. After refusal from the FED, the Chinese Koumintang government followed with a lawsuit. The International Court of Justice ruled that the FED needed to return the gold, which was later agreed upon by the FED.
The first payment was scheduled to be delivered 12 Sept. 2001, but two days prior on 10 Sept. 2001 former defense Secretary Donald Rumsfeld announced that 2.3 Trillion dollars went missing from the Pentagon defense budget.
Even more conspicuous, CANTOR FITZGERALD SECURITIES, the company that was handling the paper work for the gold to be delivered back to the Chinese, was inside One World Trade Center on floors 101-105. All 658 of their employees were m*rdered on that day as the towers fell and the gold was not returned to the Chinese.
GOBAL COLLATERAL ACCOUNTS have devout keepers who watch over them and protect them as Humanity’s assets, not their own. These “keepers” exist all over the world, and go unknown to the general public, again for obvious security reasons. These Global Collateral Accounts underwrite every sovereign bond, currency, debt instrument in our modern banking system without exception regardless of the amount of debt instruments produced, as they can cover any man made debt. These Global Collateral Accounts have an advanced control system which has been under constant attack since the late 1700’s.
The current Western Banking Elite have attempted to both steal and replace the Global Collateral Accounts system through means of WAR, Treachery, M*rder and Corruption.
The Asian Investment and Infrastructure Bank (AIIB) is a Chinese Elder creation, with exclusive oversight privileges separate from any government, including the China and Russia.
However, the BRICS Alliance was also created to publicly acknowledge the collection of sovereign nation states committed to following the financial principals of the Chinese Elders and European Sovereigns, who in return for this pledge, get to leverage generations of social benefit loans/funds against the hard-asset base of the Global Collateral Accounts.
Any sovereign nation not abiding by these Chinese Elder/European Sovereign financial principles simply is not allowed to join the AIIB, and thus excluded from accessing Global Collateral Asset Wealth. No sovereign nation may trade or commence in banking activities with any nation not a good standing member of the AIIB. Nations are either in with the Chinese Elders or they’re out.
There are no more in-between games being played after what’s gone on these last 70 years. All 2008, 2015 and 2016 turbulent market crashes were attempts by existing Western Banking System families to retain the illusion of financial dominance and control which they technically never had.
The effort has failed. Thus all conflicts, be Financial or Military are now being publicly resolved by the Chinese Elders/European Sovereigns as to reset humanity and all cultures, back onto a moral fundamental platform backed in tangible assets, still underwritten by the Global Collateral Accounts or GCR.
Now is the time, our time that everything is happening according to his plan. 11 Nov. 2018 was the date the world started to transform from a fiat currency to a gold backed currency thus free humanity from slavery over cabalist once the new financial system was fully operational.
The QUANTUM FINANCIAL SYSYTEM will be the system in transforming the world through Humanitarian Projects as oversee by the Chinese Elders with the keepers to promote equality amongst Nation for a generally peaceful world.
Once the new QUANTUM FINANCIAL SYSTEM is in place the Philippine Peso (PHP) is set to significantly increase in value.
The PHILIPPINES still holds a significant amount of GOLD from Japanese occupation during WWII. This Gold has been keeping the PHP from rising/falling over decades.
The new QUANTUM FINANCIAL SYSTEM (QFS) has been announced along with the RV in a Spanish by CNN but with no explanation yet.
All HUMANITARIAN, INFRASTRUCTURE, AND JOB PRODUCING projects has been given a green light with funds on a holding bank which cannot be disclosed as of this time.
It’s so interesting what’s going on absolutely PHENOMENAL. TR says he is working directly with the SOVEREIGN COMMITTEE which is the grandfather CHINESE and they control most of the assets of the world that are part of this, let’s say, new system. Code name MEI-HUA is one of these groups representing these historical and inherited assets in the IQP.
“As the sovereign committee, we have our own SOVEREIGN BANK and we’re doing these transactions right now. We’re telling this C C, “ You show us how you got this, and we’ll fund this deal by the end of the week. “That’s how things work.
The innocent country like the PHILIPPINES must be given allowance for retribution for all the destruction that’s been done.
https://dinarchronicles.com/2024/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2024/
Coffee with MarkZ and Andy Schectman. 07/17/2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Andy Schectman. 07/17/2024
Member: Good morning ….Hope everyone has a beautiful day!
Member: Hoping for real good news today! Blessings to all
Member: Anything happening on the RV front?
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Andy Schectman. 07/17/2024
Member: Good morning ….Hope everyone has a beautiful day!
Member: Hoping for real good news today! Blessings to all
Member: Anything happening on the RV front?
Member: MarkZ, do you think the RV will happen in waves? First Dinar, then a few months later, VND?
MZ: No, I think they will still all go at the same time.
Member: All boats will rise with the tide.
MZ: I like that one.
Member: Mark, how many contacts do you have in total that are legitimate?
MZ: That’s always a tough one. They can be the best contacts on the planet. …. But, there is such a disinformation campaign going on it doesn’t matter if they are top level paymasters ect….but everything coming from a Treasury source is suspect because they have to confuse the timing. This disinformation is purposeful. I argue it is hurtful and not needed at this point.
MZ: I can understand “quiet”. But the disinformation they sow to multiple people is very difficult.…they can give 10 different stories to 10 different people to confuse us and cloud the timing. It makes things miserable.
Member: Hearing a rumor that triggers will go on Thursday
Member: Things are quiet overnight on the RV side. I kinda expected it. I still have bond people positioned with hopes …Meetings are going on in Geneva with Iraq and the WTO for their ascension……quiet is not necessarily a negative thing.
MZ: I continue to hear that the most likely street rate will be $3.86 …I hope its accurate. We won’t know until we get there
MZ: I continue to hear that humanitarian Zim stuff may get released along with some of the original Historic bonds – before the newer bonds get paid.
MZ: When I say Zim humanitarian stuff… I don’t mean individuals but certain groups …like the indian nations , sovereigns and church groups …that have put together zim groups and aggregated their currency…..They are at a very different level than you or I…Their humanitarian projects have been submitted long ago .
Member Both Bruce and wolverine believe emails could start today
MZ: That is not impossible…but with the crazy conflicting stories floating around…..I still think the timing will be a surprise. We need discernment and patience right now.
Member: Dr. Kia Pruitt reported the Bolivar RV'd. I wonder-is this true?
Member: If it were true….We would be exchanging it right now…IMO.
Member: anything over $3 for dinar and $1 for dong and I am all in….just do it.
MZ: If it’s over $1 for the dinar …and .25 cents for the don’t- I am in. Stop and think about the potential that is.
Member: How will those sending out notifications emails to us know our email address?
MZ: Once again….if you joined a group early in this process….or bought currency with banks ect…they may have your email address….BUT…I suggest you subscribe to a Dinar site like Recaps or Chrinicles to get the information emailed from them to you when notifications come out.
MZ: I have had 2 banks tell me they absolutely will send the information to Dinar Recaps and issue their instructions to them for their newsletter email list.
Member: Most dinar sites will also post the info on their sites and Mark, Bruce, TNT, Frank ect…will let everyone know. It will be everywhere. You will not miss it.
Member: so If I ordered from say “BankNote World” they would send me an email?
MZ: They probably would ….but not for certain.
MZ: In bond news (not historic bonds) “ Real Estate Meltdown strains even the safest office bonds” Many have gone belly up because of the imploding commercial real estate loans . Banks are all taking a hit…..We are watching a $250-$260 Billion dollar implosion on commercial real estate bonds.
Member: Remember, we have heard the financial system is making big changes
Member: And BRICS is coming out with the new universal gold backed currency called the UNIT soon…..they may force the US to go gold/asset backed as well…or lose trading with all those countries…..Who would want worthless fiat money when they can trade with a currency that has real value?
Member: Also remember that with Nesara, everyone will be paid, debts removed also …IMO that is why so many wealth managers have been put in place in most banks….connect the dots.
MZ: You bring up a good point.
Member: Lots will happen the rest of this week….Its going to be big.
Member: thanks to all…..have a great and blessed day.
Andy Schectman from Miles Franklin joins the stream today. Please listen to the 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.
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
On July 16, 2024 By Awake-In-3D
Iraq’s Financial Transformation Could Mean Big Changes for Its IQD Currency
In This Article
Iraq’s Ranking in the Global Economy
Inflation and Oil Production
The Soft Power Index and Economic Diversification
Implications for the Iraqi Dinar (IQD)
Iraq’s economy is showing promising signs of growth and stability, as evidenced by its recent global and regional rankings. This economic progress could pave the way for a stronger Iraqi Dinar (IQD) and greater financial independence.
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
On July 16, 2024 By Awake-In-3D
Iraq’s Financial Transformation Could Mean Big Changes for Its IQD Currency
In This Article
Iraq’s Ranking in the Global Economy
Inflation and Oil Production
The Soft Power Index and Economic Diversification
Implications for the Iraqi Dinar (IQD)
Iraq’s economy is showing promising signs of growth and stability, as evidenced by its recent global and regional rankings. This economic progress could pave the way for a stronger Iraqi Dinar (IQD) and greater financial independence.
Iraq’s Ranking in the Global Economy
According to CEOWORLD, Iraq has emerged as the fifth-largest economy among Arab nations and the 52nd largest globally in 2024.
The country’s Gross Domestic Product (GDP) for the year stands at $265.894 million, with projections indicating steady growth reaching $345.074 million by 2029. This upward trajectory places Iraq on a stable path towards economic robustness and a more influential role in the region.
Despite rising inflation concerns worldwide, the United States remains the largest economy with a GDP of $28.78 trillion, followed by China at $18.54 trillion. Germany, Japan, and India also continue to solidify their positions in the top five, each leveraging their unique economic strengths.
Inflation and Oil Production
Iraq’s economy heavily relies on its oil production capabilities, which have seen a significant boost recently.
The North Oil Company (NOC) in Kirkuk governorate reported an increase in production to over 360,000 barrels per day (bpd), with plans to reach 400,000 bpd by year-end. The Iraqi Drilling Company’s efforts to develop and rehabilitate oil wells have contributed to this growth, highlighting the sector’s potential for further expansion.
Oil expert Ali Khalil noted that while the current production represents about 50% of NOC’s potential, there is ample room for increased output. This production capability demonstrates the need for the Ministry of Oil to invest in the public sector and enhance the infrastructure, ultimately boosting revenue for Iraq’s state treasury.
The Soft Power Index and Economic Diversification
Iraq’s improved ranking in the Soft Power Index, climbing from 116th to 99th place globally, reflects its growing influence on international affairs.
The index evaluates a country’s ability to impact global decisions through its reputation, culture, governance, and economic relations. Among Arab nations, Iraq ranks fifth, following the United Arab Emirates, Saudi Arabia, Qatar, and Egypt.
Economic diversification remains crucial for Iraq’s stability. Although oil revenues account for 89% of the federal budget, there has been a notable increase in non-oil revenues, contributing 11% to the total income.
This diversification is vital for reducing the country’s vulnerability to global oil market fluctuations and fostering sustainable economic growth.
Implications for the Iraqi Dinar (IQD)
The steady economic growth and diversification efforts could have significant implications for the value of the Iraqi Dinar (IQD).
With a more stable financial system and increased non-oil revenues, Iraq is poised to enhance the value of its currency. Achieving greater economic independence and reducing reliance on U.S. influence will be key factors in this process.
Financial experts suggest that continued investment in infrastructure, particularly in the oil sector, and strategic economic policies will support the upward trajectory of the IQD.
The recent memorandum of understanding with the European Chambers of Commerce further signifies Iraq’s commitment to fostering international trade and supporting small and medium-sized enterprises.
The Bottom Line
Iraq’s economic progress is a testament to its resilience and strategic planning. As the country continues to enhance its financial system and diversify its economy, the potential for a stronger IQD becomes more tangible.
With continued efforts towards economic independence and stability, Iraq is on the right path to achieving significant fiscal success and a more influential global presence.
Supporting Articles:
https://shafaq.com/en/Economy/Iraq-ranks-fifth-in-Arab-World-52nd-globally-in-largest-economies
https://shafaq.com/en/Economy/Iraq-ascends-in-2024-Soft-Power-Index
https://shafaq.com/en/Economy/Kirkuk-oil-production-surges-to-over-360-000-bpd
https://shafaq.com/en/Economy/Iraq-s-fiscal-challenges-highlight-overreliance-on-oil-revenues
https://shafaq.com/en/Economy/Iraq-signs-MoU-with-European-Chambers-of-Commerce-to-boost-trade
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Follow me on Twitter: @Real_AwakeIn3D
News, Rumors and Opinions Wednesday AM 7-17-2024
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 Wed. 17 July 2024
Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 16 July 2024 MarkZ: “Some of the Zim charity platforms may go first – is what I am suddenly hearing. Maybe even before some of the Historic bonds. So I am hearing positive things for those who aggregated Zim for humanitarian reasons. That being said…..I heard that the initial releases of money are being pushed very hard for humanitarians. That is the priority. But this does not mean there is a delay for us currency holders, just that humanitarian projects are the priority. I am getting that from bunches of sources. I have also had a number of sources from groups reach out over the last 12-14 hours that if we have projects to submit- be sure to get those dusted off and prepared and ready.”
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 Wed. 17 July 2024
Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 16 July 2024 MarkZ: “Some of the Zim charity platforms may go first – is what I am suddenly hearing. Maybe even before some of the Historic bonds. So I am hearing positive things for those who aggregated Zim for humanitarian reasons. That being said…..I heard that the initial releases of money are being pushed very hard for humanitarians. That is the priority. But this does not mean there is a delay for us currency holders, just that humanitarian projects are the priority. I am getting that from bunches of sources. I have also had a number of sources from groups reach out over the last 12-14 hours that if we have projects to submit- be sure to get those dusted off and prepared and ready.”
Tues. 16 July 2024 Bruce:
Sources are talking of this going by Thurs. 18 July.
We should be notified to set appointments sometime between now and Thurs. 18 July.
Money is moving and Bond Holders are to receive email tomorrow Wed. 17 July for access to their monies on Thurs. 18 July.
A strong contact in Iraq is in touch with high people in Erbil – that are saying the budget and rate will be published in tomorrow’s Gazette Wed. 17 July.
Gesara is to be announced.
If you are a Zim or Currency Holder you should receive the R&R at the time of your exchange.
If you are not a currency holder you should receive your R&R by the end of July.
Tues. 16 July 2024: GESARA: The Hands Of God! This Is Wealth Creation! (VIDEO) – American Media Group (amg-news.com)
~~~~~~~~~~
Global Financial Crisis:
Tues. 16 July 2024: It’s a done deal! We’re about to take a significant leap forward. While things may get tougher before they improve, the Quantum Leap is now fully underway! …US Debt Clock on Telegram
Tues. 16 July 2024: BRICS to use Crypto for its new payment system, Chairman of the Russian Federation Council says. https://x.com/BRICSinfo/status/1813002862424957031
Tues. 16 July 2024: THE EUROPEAN CENTRAL BANK IS SET TO DELAY THE OUTCOME OF A LARGE-SCALE INVESTIGATION INTO HIGH-RISK LOANS FROM BANKS. Nobody should be surprised. https://x.com/goldtelegraph_/status/1813039825089405329?s=46
Tues. 16 July 2024 Japan: It is getting sad in Japan. Japan is warning that the country is ready to take all possible measures in the currency market. This is what desperation looks like. https://x.com/goldtelegraph_/status/1813073390250696805?s=46
Tues. 16 July 2024 Australia Guy: “ATMs still down today. I needed 50 cash and had to buy something from the shop so they would let me get cash out. They gave me nearly all they had left. Cash is running out and ATMs don’t work.”
~~~~~~~~~~
Wars and Rumors of Wars:
Tues. 16 July 2024 Iran: “Western Union has ceased operations in Iraq following instructions from the US Federal Reserve Board. The US has begun to abandon Iraq by restricting the use of dollars and abandoning purchases of Iraqi oil.” Jalil Al Rami: “Tampering with electronic platforms has had a negative impact on the parallel market.” …Jalil Al Rami – Economic Expert
Tues. 16 July 2024 Iran: Iran says it’s ready to supply oil and gas to all BRICS countries. “Iran can provide oil and gas to BRICS countries to meet their energy needs, and in return, other member states can take steps to meet Iran’s needs in various banking and trade exchange sectors.”
Read full post here: https://dinarchronicles.com/2024/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Sudani said we have a new currency... FRANK: They're not talking about the 3-zero notes...They're talking about the new currency that's going to match a new exchange rate. FIREFLY: Any new currency will have to be lower notes...
Pompey Peter Deputy Prime Minister of Iraq has been in Washington that's well covered in articles...The CBI governor was also in Washington. We believe there is a possibility that a higher rate was being discussed which could have been the purpose of the "whites of the eyes" meeting while these gentleman were in the United States...Just an opinion that a higher rate may have been involved and that needed not any approval but support and discussion with support.
ALERT: U.S. Banks Report Losses & Increase Reserves for Losses Amid 23% Surge in Delinquencies
Lena Petrova: 7-16-2024
Andy Schectman: Gold, Silver Rally As Traders Price '98% Probability' of Sept Rate Cut
Arcadia Economics: 7-16-2024
Andy Schectman: Gold, Silver Rally As Traders Price '98% Probability' of Sept Rate Cut In a year that began with expectations of rate cuts that haven't yet come, it's increasingly appearing that the wait may be coming to an end.
Because as of Tuesday morning, the futures market is now pricing in a 98% probability of a rate cut by the September meeting.
“Tidbits From TNT” Wednesday Morning 7-17-2024
TNT:
Tishwash: this video is not coming from the CBI or iraq this video is from Saudi Arabia just fyi
Video that Frank showed tonight
This is the information they have typed below the video on Youtube
“The project to delete zeros from the currency is still in place,” this was confirmed by the Governor of the Central Bank, Ali Al-Alaq, in his latest statements about the project to delete three zeros from the Iraqi dinar. So what does that mean?
The policy of deleting zeros from the currency means, for example, that the value of a one-thousand note is 1,000 dinars, and will be replaced by a note worth one dinar of the new currency.
Iraq is not the only country that resorts to the policy of deleting zeros from the currency, but there are seventy-70 cases that the world has witnessed since the year one thousand nine hundred and sixty 1960, including
TNT:
Tishwash: this video is not coming from the CBI or iraq this video is from Saudi Arabia just fyi
Video that Frank showed tonight
This is the information they have typed below the video on Youtube
“The project to delete zeros from the currency is still in place,” this was confirmed by the Governor of the Central Bank, Ali Al-Alaq, in his latest statements about the project to delete three zeros from the Iraqi dinar. So what does that mean?
The policy of deleting zeros from the currency means, for example, that the value of a one-thousand note is 1,000 dinars, and will be replaced by a note worth one dinar of the new currency.
Iraq is not the only country that resorts to the policy of deleting zeros from the currency, but there are seventy-70 cases that the world has witnessed since the year one thousand nine hundred and sixty 1960, including
Türkiye: Deleted six zeros from its currency in 2005
Zimbabwe: deleted twelve 12 zeros from its currency in 2009.
And Venezuela: Five zeros were deleted in 2018
But how will the Iraqi economy be affected by deleting the zeros if it is implemented? Although the actual value of the money that people own does not change after deleting the zeros, this step contributes to simplifying the buying and selling processes for individuals and companies.
It makes financial amounts simpler and more understandable. Instead of dealing with huge numbers such as one million 1,000,000 Iraqi dinars, they can be converted into one thousand 1,000 dinars only after deleting three zeros.
Removing zeros may also help in issuing small currencies such as coins, enabling small commodities to be repriced at lower prices. It gives a positive psychological boost to citizens that the Iraqi dinar can now buy more goods and services.
Therefore, countries aim by deleting the zeros to restore confidence in the local currency among citizens and investors
The demand for it increases, and the local currency becomes more competitive with foreign currencies and its exchange for other currencies decreases.
The policy of deleting zeros is often linked to broader economic reforms, such as raising interest rates on bank deposits, to encourage people to save within banks and benefit from high interest on their bank deposits, in an attempt to withdraw liquidity from the market, reduce consumption and decline in prices.
Then exploit this liquidity to expand productive projects, attract local and foreign investments within the country and create many job opportunities to eventually revive the local economy.
But on the other hand, deleting the zeros may cost Iraq money to print new banknotes to no avail. For example, after eliminating 3 zeros from the Iraqi dinar, when we talk about a 200 dinar banknote, it is actually equivalent to 200,000 dinars.
Therefore, it may be necessary to print 4 more 50 dinar notes instead of the 50,000 dinar note.
However, this may not have a clear impact on improving the local economy if it is not part of an economic reform package that helps reduce the amount of money circulating among people and stimulate the economy.
Especially since Iraq's economy is an oil economy that needs to stimulate other productive sectors to drive the local economy
Could deleting the zeros from the Iraqi dinar be a real start to stimulating Iraq's economy?
Tishwash: Iraq and Vietnam discuss tea farm mechanisms and ways to develop them
The General Company for Foodstuff Trading at the Ministry of Trade discussed with the Vietnamese side the mechanisms of the tea farm and ways to develop it.
The Ministry of Trade's media stated in a statement received by the Iraqi News Agency (INA), that "the General Company for Foodstuff Trading at the Ministry of Trade held a joint meeting (online) today, Tuesday, with the Vietnamese side to discuss the mechanisms of the tea farm's work and ways to develop it, headed by its Director General, Lama Al-Moussawi, in the presence of the departments of financial, legal and import affairs."
Al-Moussawi said, according to the statement, that "the meeting discussed the mechanisms that would develop the work by introducing modern mechanization in the packaging and sorting processes of tea types prepared for marketing, in addition to purchasing new plants to increase production,"
Indicating that "during the meeting, the Vietnamese side was asked to prepare technical and financial studies regarding the development of the work, which expressed its satisfaction with the level of accuracy and transparency in the dealings adopted by the General Company for Foodstuff Trading, which contributed to obtaining positive results for both parties." link
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This is the volume of our trade with Iran.. An economist reveals the reasons for the dollar problem inside Iraq
Economic expert, Munir Al-Abidi, revealed today, Tuesday (July 16, 2024), the volume of trade between Iraq and Iran, while indicating that the dollar problem in Iraq is not due to official trade.
Al-Obaidi said in a clarification he published on Facebook, which was followed by "Baghdad Today", "The Iranians say that our trade with Iraq during three months amounts to 3 billion dollars, distributed as 1.2 billion to meet the need for gas, 700 million dollars for electricity, while 200 dollars are for food, and another 200 million for iron trade."
He added, "This means that the value of food and iron during the year amounts to only 1.5 billion dollars annually," indicating that "some say that our trade with Iran amounts to 12 or 14 billion dollars, which is the reason for the dollar crisis."
Al-Obaidi said, "Our official trade for the private sector does not exceed 3 billion dollars with Iran and does not exceed 300 million dollars with Syria," stressing that "the problem with the dollar is not the official trade with Iran and Syria."
He pointed out that "the problem of the demand for dollars in the local market is to cover the needs of other types of informal and illegal trade, most notably drugs," stressing that "all this fuss, crying and wailing in the channels is to reopen the money channels for this trade link
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Tishwash: Drones target Ain al-Asad Air Base in western Iraq
Two drones targeted the vicinity of Ain al-Asad Air Base in western Iraq, where Global Coalition forces are stationed, an Iraqi security source reported on Tuesday evening.
The source, speaking to Shafaq News Agency, confirmed the attack but did not provide further details on casualties or damage.
Earlier this year, factions within the Islamic Resistance in Iraq (IRI) had announced a halt to operations against US forces in Iraq, leading to a period of relative calm.
This drone attack marks a resumption of hostilities.
IRI refers to Tehran's military allies in Iraq, such as Kata’ib Hezbollah and Harakat Al-Nujabaa, it is a part of the "Axis of Resistance" alongside Lebanon's Hezbollah, Yemen's Ansarallah (Houthis), and other Iran-backed factions.
All groups within the Axis have declared that their attacks will persist until a ceasefire is achieved in the Gaza Strip, where Israel's actions have resulted in the deaths of over 39,289 Palestinians, predominantly children and women. link
Mot: This Journey Has Been Really Hard on My Fairy GodMother!!!.........
When I Started the Journey
Just Last Week!!!
The ‘Hermit’ Savings Rules: 8 Frugal Tips for Today’s Economy
The ‘Hermit’ Savings Rules: 8 Frugal Tips for Today’s Economy
Cindy Lamothe Tue, July 16, 2024 GOBankingRates
Consumer habits across the world have been altered significantly over the past few years — for obvious reasons and otherwise — in what economists have dubbed “the age of the hermit consumer.”
“For ‘hermit’ consumers, it can be really easy to make impulse purchases and overspend because of how easy and convenient shopping online is,” said Carter Seuthe, CEO of Credit Summit Consolidation. “Something that can be helpful to maintain a more frugal budget is just to define your expectations and priorities when it comes to the amenities you have.”
Below are some expert rules for living more frugally in today’s economy.
The ‘Hermit’ Savings Rules: 8 Frugal Tips for Today’s Economy
Cindy Lamothe Tue, July 16, 2024 GOBankingRates
Consumer habits across the world have been altered significantly over the past few years — for obvious reasons and otherwise — in what economists have dubbed “the age of the hermit consumer.”
“For ‘hermit’ consumers, it can be really easy to make impulse purchases and overspend because of how easy and convenient shopping online is,” said Carter Seuthe, CEO of Credit Summit Consolidation. “Something that can be helpful to maintain a more frugal budget is just to define your expectations and priorities when it comes to the amenities you have.”
Below are some expert rules for living more frugally in today’s economy.
Embrace a DIY Mentality
“DIY is my new favorite hobby,” said Andrei Vasilescu, co-founder and CEO of DontPayFull. “It’s cost effective, and YouTube is a great teacher. About 50% more people are getting into DIY now.”
Syed Lateef, business coach and CEO of SyedBNB, agrees.
“We can all see it,” Lateef said. “The focus has shifted towards a more home-oriented lifestyle, and I can personally say that more people are embracing do-it-yourself (DIY) activities.”
He said this is a good thing because mastering basic skills for home and car repairs can lead to considerable savings.
“Nowadays, the hundreds of online tutorials and resources makes it easier than ever to learn and perform these tasks ourselves,” he said, “reducing the need to hire professionals.”
Save Money by Cooking at Home
“The driving force behind the hermit economy isn’t entirely clear,” Lateef said.
He said it could be due to the lingering hesitation for close-contact services, the increase in remote work or a shift in social values.
“What’s obvious, though,” he said, “is that consumers are now more inclined to spend on home-centric activities.”
As a result, he said, many followers of the FIRE (financial independence, retire early) movement have come to realize that frequent dining out can be quite costly. So, frugal individuals are embracing the art of cooking at home, experimenting with budget-friendly and nutritious meals.
He added, “Hermit consumers save money but also encourage healthier eating habits.”
Focus on Secondhand Finds
In the current economic climate, looking at secondhand alternatives before buying new is a wise strategy, Lateef suggested.
“I believe that the ‘hermit’ consumers are now placing more emphasis on sustainability because of the pandemic, so shops like thrift stores and online marketplaces are trending because of the treasure troves of affordable, yet quality items.”
In terms of frugality, he said, this not only helps save money but also aligns with sustainable practices by repurposing and recycling items.
In the current economic climate, looking at secondhand alternatives before buying new is a wise strategy, Lateef suggested.
“I believe that the ‘hermit’ consumers are now placing more emphasis on sustainability because of the pandemic, so shops like thrift stores and online marketplaces are trending because of the treasure troves of affordable, yet quality items.”
In terms of frugality, he said, this not only helps save money but also aligns with sustainable practices by repurposing and recycling items.
To Read More: https://www.yahoo.com/finance/news/hermit-savings-rules-8-frugal-140043078.html