More News, Rumors and Opinions Thursday PM 7-18-2024

TNT:

Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits

The economic expert, Abdul Rahman Al-Shaikhli, confirmed that the financial bonds, “second issue,” target the hoarded money of citizens, while he listed its benefits.

Al-Shaikhli told {Euphrates News} that: "The bonds issued by the Ministry of Finance are the second and very important; for the purpose of withdrawing the hoarded money of citizens to revolve in the orbit of banking channels."

He added, "About 85% of the issued money is hoarded by citizens and causes an imbalance in the national economy as well as a state of inflation."

Al-Shaikhli explained, "The specified amount will be divided into two types, one for a period of one year and the other for two years with an annual profit value of 6.5% taken monthly, and also for four years the citizen can obtain it with an interest of 8.5%."

Regarding the method of obtaining this money, Al-Shaikhli explained, "The citizen, companies and individuals submit a request to the authorized bank with their original papers and documents, then the amount is delivered at the initial price of the share, and after a period of time, this money is sent with copies of the supporting documents to the Central Bank, so the transaction is completed and an official receipt is sent to the shareholder, and he has the right at that time to enter the Iraqi financial market and recover the money at the time he wishes." 

He added, "These funds are not considered frozen like deposits, but rather enter the stock market, and therefore it has the right to be traded at the daily price. The issuance will be on July 22nd for a period of one month." link

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Tishwash:  Iranian Foreign Ministry: America uses the dollar to unilaterally dominate the world

Iranian Foreign Ministry spokesman Nasser Kanaani said that the United States uses the US dollar to unilaterally dominate the world.

The Iranian Foreign Ministry spokesman recalled the currency agreement recently concluded between Russia and Iran to ensure the liquidity of national currencies in commercial transactions, noting that the Iranian side proposed using the same mechanism at the level of the BRICS countries.

The spokesman stressed that the BRICS countries have the necessary capacity and capabilities to promote and enhance the principle of multipolarity.

Kanaani said in an interview with RT: The whole world is already tired of Western unilateralism.

The BRICS group is moving towards expanding non-dollar payments, as the group's countries seek to move away from the US-controlled SWIFT banking correspondence system.

One of the main goals of the BRICS countries is to move away from the dollar and use national currencies in trade transactions. It is worth noting that 95% of trade transactions between Russia and China are conducted in rubles and yuan.

It is known that Russia assumed the presidency of the BRICS group on January 1 of this year.

The year began with new members joining the organization - in addition to Russia, Brazil, India, China and South Africa, the group now includes Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia.

As part of its presidency of the group, Russia organizes more than 200 political, economic and social events and activities.  link

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

Frank26  [New Iraqi Dinar 3-zeros Video Review shown below in Frank26's post 3-17-2024]   A 50,000 note, they showed you a picture...and then they took a magic marker and they crossed off the 3-zeros on the 50k note...that was a little misleading...Many people saw...the 3-zeros disappear from the currency and they thought I'm going to be left with a 50 note.  I just lost a lot of money.  No...They're not going to take your 50K note and cut the zeros out...  .00076 | 1320 - These represent the exchange value of the Iraq dinar.  .00076 is used by Forex to reflect the 1320 that is on the CBI website... [Post 1 of 2....stay tuned]

Frank26  It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using...After we have lifted the 3 zeros the next step is it goes into a float...as an RI...Then it goes into a re-denomination.  It means you got rid of those 3-zero notes... The exchange rate just changed, you now need...the smaller notes because the exchange rate just got really big.  Right now the Iraqi notes are big with a lot of zeros because the exchange rate is tiny.  But it is about to flip.  By removing the 3 zeros from the exchange rate of .00076 you add value to the currency.    [Post 2 of 2]

Why Iraq Will Increase the Value of the Iraqi Dinar

Edu Matrix:  7-18-2024

Why Iraq Will Increase the Value of the Iraqi Dinar - Iraq has placed itself in a position to increase its currency's value to survive the country's aggressive plans. Learn what this means and why.

https://www.youtube.com/watch?v=fSpsGm7lMC4

It's "The Endgame" Financially | Francis Hunt

Liberty and Finance: 7-17-2024

We sit down with Francis Hunt to delve into the current gold market, which has recently reached all-time highs. As an expert in market trends, Hunt offers a comprehensive analysis of the factors driving gold's unprecedented surge.

Hunt breaks down the critical economic, geopolitical, and financial factors contributing to gold's record-breaking performance.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold update

 4:43 Politics and financial system

6:50 Gold charts

13:40 Silver update

20:23 Debt-based collapse

25:05 Taking action

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

7 Questions You Should Never Answer When Buying a Car

7 Questions You Should Never Answer When Buying a Car

Andrew Lisa  Thu, July 18, 2024  GOBankingRates

Unless you live for the wheel and deal, car dealerships can be an intimidating place for potential buyers. Not only are you entering an unfamiliar territory inhabited by experts, but there’s a lot of pressure to make the right choice.

Expensive to buy and maintain, worth less and less with each mile driven, car ownership can be both a burden and a necessity. According to Kelley Blue Book, the average new car price was a record high $48,644 in June 2024 — just $266 more than the month before and $307 lower than in June 2023.

It’s might not always be possible to enjoy the car buying experience, but you can certainly reduce anxiety by knowing what you want and keeping certain information close to your chest. Read on for seven questions you should never answer when buying a car.

“How Much Do You Know About Cars?”

When it comes to a major purchase, never put yourself at a disadvantage. If you’re planning on spending thousands on a new vehicle, you have to do your research.

That said, even if you know less than nothing about cars, don’t let a salesperson know. Dealers are trying to sell cars as eagerly as you want to buy one.

Get a good idea of what you want, check reputable website rankings and don’t buy any car you’re unsure of — it’ll remind you every day of the mistake you’ve made.

A salesperson wants to make the biggest commission possible. To do that they want to take the reins and guide you through the process on their terms, not yours.

 “Why Do You Need a New Car?”

There’s no reason to be insolent, but the reason you’re buying a new car is irrelevant to a salesperson/stranger. Divulging personal, professional or financial information — or even a motive — while buying a new-to-you vehicle is unnecessary during the negotiating of a sale.

When you drive your clunker into a dealership hoping that you’ll be landing the car of your dreams, you’re the one in charge, regardless of how poor that clunker looks and rides. Even if you’re desperate, knowing exactly what you want will have the salesperson following your lead.

“How Much Are You Willing To Pay Monthly?”

To Read More:   https://www.yahoo.com/news/finance/news/7-questions-never-answer-buying-130031537.html

KTFA Members “News and Views” Thursday 7-18-2024

KTFA:

Clare: FRANK TOLD US LAST NIGHT THAT WALKINGSTICK SAID, FOR FRANK TO PUSH THAT WE ALL REALLY PAY ATTENTION TO THE TURKMEMISTAN ARTICLE WHICH I HAVE REPOSTED FOR YOU IN POST #23... FOR YOUR CONVENIENCE. ALL THE HIGHLIGHTS WERE DONE BY WALKINGSTICK HIMSELF YEARS AGO.

FROM WALKINGSTICK

BR..... FOR EDUCATIONAL PURPOSES ONLY, NOT INCLUSIVE...AND/ OR MAY NOT BE DEFINING THE EXACT MANNER IN WHICH IRAQ WILL EMPLOY THEIR CURRENCY REFORM...

 Turkmenistan ......New Money

FINANCE & DEVELOPMENT, December 2013, Vol. 50, No. 4

Introducing a new currency is a complex process—one that Turkmenistan completed successfully

A popular destination for visitors to the IMF’s Washington, D.C., headquarters has long been a 40-foot-long display of each member country’s currency.

Most countries have their own currency, which is an important part of their national identity, though some belong to a monetary union and share a common currency with the union’s members; others use that of another, often larger, country.

On occasion, a country must introduce a new currency. Turkmenistan, the former Soviet republic in central Asia, decided in 2008 to undertake a currency reform.

A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient. This, in turn, created complexities in accounting and statistical reporting. So the government decided to introduce a new currency before launching market-oriented reforms. Currency reform was regarded as the foundation for further strengthening the macroeconomic framework, particularly monetary transmission: the more the population relies on the local currency rather than U.S. dollars, the more control the government has over macroeconomic policy.

The total and orderly overhaul of Turkmenistan’s currency system in 2008–09 in many respects serves as a model for other countries.

Big decisions

The introduction of a new currency is not undertaken lightly. The motivation could be hyperinflation, exchange rate collapse, massive counterfeiting of the existing currency, or even war. Or it could be an intentional change—for example joining a monetary union, such as the European Monetary Union.

Changing a national currency is a highly political decision. Sometimes the existing currency does not meet the economy’s needs.

The typical economy in need of currency reform is cash based and highly dollarized, with multiple currencies circulating at the same time.

The single most important price in any economy is the price of its currency vis-à-vis other currencies. Countries that assign non-market-based exchange rates for different goods or services—or for imports versus exports—tend to have significant distortions in their economy. Over time, this usually leads to slower growth overall. Eventually, the general public, the business community, and politicians may start pressing for currency reform and the introduction of a new currency.

Currency reforms are typically complex and risky: global experience confirms that a successful outcome is never guaranteed. The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community.

Introduction of a new currency comprises four phases. First, the necessary preconditions—sound macroeconomic policies and strong financial sector legislation—should ideally be in place or under way. Next, careful preparation is required, setting up the policies and processes behind the reform and drafting a detailed budget for the entire currency reform (including the cost of printing and minting the new cash currency). Then comes production of the new currency, and finally the most challenging phase: implementation.

Setting the stage

A government facing currency reform often has limited ability to pursue macroeconomic policy. If the country is suffering from hyperinflation, its macroeconomic policies to date by definition were unsound. In some cases, a currency reform must be implemented despite a difficult macroeconomic situation. Currency reform alone is unlikely to resolve such problems and will yield its benefits only if underpinned by fiscal and monetary action. But psychologically, introducing a new currency can itself facilitate the stabilization of an economy. It is sometimes combined with exchange rate unification—to eliminate the complications of both an official exchange rate and unofficial market rate.

Turkmenistan was able to achieve favorable macroeconomic conditions before it implemented exchange rate unification and currency redenomination. During 2006–07, the economy was growing more than 11 percent a year, inflation was in single digits, and fiscal and external balances were strong.

A currency reform must be supported by financial sector legislation. Existing legislation—including the law establishing the central bank and regulation of banks and other financial institutions—should be reviewed to ensure consistency with international best practices. A law and regulations on the specific currency reform are also necessary, and other legislation—for example, governing accounting and financial reporting—may require updating. This work can be supported by technical advice from the IMF and other countries’ central banks. Such technical assistance includes initial general guidance as well as detailed recommendations based on currency reforms in other countries.

In a crisis situation, the government has little, if any, control over the circulation of different currencies. For that reason, the economy tends to be highly dollarized—that is, many transactions are made with a foreign currency, often the U.S. dollar.

Moving forward, the government should favor a currency regime that supports open trade and free markets—one that allows international competition and is not overly protectionist.

The central bank is the arm of the state responsible for introducing a new currency, but it is not necessarily in a position to do so.

It may lack staff with relevant experience, or sufficient branches throughout the country from which to operate, or even the funds necessary to finance a reform. Strengthening the institutional capacity of the central bank and ensuring it has the resources needed are critical preconditions for currency reform.

Private banks also play a key role in currency reform. But the banking sector may be weak or, in some cases, virtually nonexistent. In some parts of the world, informal funds transfer systems such as hawala and hundi are more vibrant or have nationwide networks that surpass those of banks. In such cases, collaboration between the central bank and these payment system operators is critical to the success of the reform.

The central bank must assess the extent to which counterfeit banknotes circulate. Together with the ministry of finance and the commercial banks, it should formulate a strategy to avoid an increase in counterfeit currency during the critical implementation stages of the currency reform.

The central bank should prepare a budget for the entire currency reform early on and revise it as necessary over time. The IMF can offer technical advice on preparing such a budget.

Introducing a new national currency is a highly complex project, which requires a well-functioning accounting system. Throughout the various stages, tested systems must be in place for independent auditors to safeguard the integrity of the currency reform, by ensuring correct reporting and accounting of the currency exchange. Failure in this area is not only costly but also potentially devastating to the currency reform’s reputation.

Important as all these preparations are, the success of a currency reform depends just as much on a successful public education campaign. The central bank needs to coordinate this campaign with other agencies, financial sector representatives, merchants, and the general public. A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency.

The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.

A second important point for the public education campaign is timely information on the stages of the currency reform to discourage a run on banks with temporary liquidity problems.

In Turkmenistan, the central bank conducted a proactive public communications strategy that began early in the currency reform.

The terms of the redenomination were carefully defined and announced in advance. An awareness campaign was carried out throughout the country. Booklets, illustrating the new banknotes to be distributed, were published in national and local newspapers along with explanatory articles. In addition, pocket-size cards comparing the denomination of old and new manat were distributed to the public. And the Central Bank of Turkmenistan set up a phone hotline to answer questions from businesses and the public.

Lights, camera, action

A new currency’s name is a psychologically important decision for the government. One option is to emphasize continuity with the old currency by retaining the old name or adding “new” to it. Alternatively, the government may choose to underscore a break with the past by giving a completely new name to the currency to mark the start of a new monetary era.

In Turkmenistan, the government decided to keep the name “manat” for the redenominated currency. However, in line with an international convention among countries and central banks, the International Standards Organization changed the three-digit ISO 4217 code from TMM for the pre-2007 manat to TMT for the new Turkmen manat.

The banknote printer and the minter of coins should be selected competitively and in the international market. Even if domestic producers are available, they should be required to compete for the contract. It is not uncommon, by the way, for various banknote denominations to be produced by different international firms.

Turkmenistan’s banknotes were printed by the British firm De La Rue, and the coins were minted by another U.K. company, the Royal Mint. De La Rue is now testing production of the banknotes from paper produced with local raw materials—Turkmen cotton, renowned since ancient times for its high quality.

Decisions on the artistic design of banknotes are almost always complex and time consuming. The design must be integrated with necessary security features: the higher the denomination, the more advanced security features are required. These often include watermarks, security threads, see-through registers, and hidden numerals. Decisions also need to be made on the size of banknotes—a uniform size as for U.S. banknotes or a different size for each denomination as for euro banknotes. Finally, the color scheme should be determined—again, uniform colors, like U.S. banknotes, or clearly different colors as for most other banknotes.

Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations. In Yugoslavia in 1993, a banknote reached 500 billion dinars, and Zimbabwe’s highest banknote issued was 100,000 trillion Zimbabwe dollars in 2008. In such situations, a redenomination of the currency is not only appropriate but also necessary. Redenominating a currency means administratively changing its face value. In itself, a redenomination makes no one richer or poorer. Technically most redenominations of currencies are undertaken by using factors of 10, 100, or 1,000 and simply moving the decimal point a certain number of steps to the left to establish a new value. Such a change is simple to explain to the general public and easy for companies to implement. It also represents a clear way of monitoring whether price gouging is taking place.

The first step in the Turkmen currency reform was to unify the exchange rate. In the past, because of a shortage of foreign exchange, there had been a dual exchange rate system made up of an official rate pegged at 5,200 manat per U.S. dollar and an informal parallel market rate of about 23,000 manat per U.S. dollar.

Later, the government devalued the official rate to 6,250 manat per dollar and introduced a commercial rate of 20,000 manat per dollar at which banks could trade freely with the public. The two markets were successfully unified on May 1, 2008—at the rate of 14,250 manat per dollar, a level consistent with the country’s strong external position.

Currency exchanges were located wherever customers might want to exchange dollars for manat, offering easy and official access at close to the informal rate, thus killing off demand for the informal market.

At the beginning of June 2008, the Turkmen government issued new foreign exchange regulations under which the Central Bank of Turkmenistan began providing banks and authorized currency changers ready access to foreign exchange, which in turn became available to the market-oriented private sector. Previously the central bank had been propping up the official, unrealistically low, exchange rate by restricting access to dollars. The provision of sufficient foreign exchange to an extensive network of exchange bureaus across the country eliminated the black market rate.

While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes.

It also included the reintroduction of coins. The Turkmen economy had been cash oriented for a long time, and the U.S. dollar was extremely popular. The weakness of the manat to the dollar, which required thousands of manat in an exchange conversion, was deemed unacceptable. One way to correct this was to redenominate the national currency.

After the successful exchange rate unification, the authorities moved forward with the introduction of the new manat, revaluing the currency by a factor of 1 to 5,000. The pegged exchange rate of 14,250 manat per dollar resulted in an exchange rate of 2.85 new Turkmen manat to the dollar.

A presidential decree issued August 27, 2008, announced the introduction of the redenominated manat on January 1, 2009.

Even without redenomination, the denomination structure of a new cash currency is worth considering. Usually, lower denominations are eliminated and higher denominations added. There is generally a shift into coins from denominations that were previously issued in banknotes. Cultural and sociological preferences must be considered. For example, in some countries, such as Somalia and South Sudan, coins are not popular. In other countries, such as Germany, people want access to very high-denomination banknotes. A rule of thumb often applied in developing economies is to set the highest denomination of the national currency no lower than the equivalent of 20 dollars.

Money in hand

Turkmenistan issued six new banknote denominations on January 1, 2009: 1, 5, 10, 20, 50, and 100 new manat. This was a major expansion of the upper denominations—the previously highest denomination, 10,000 old manat, now corresponded to a mere 2 new manat. The six newly issued banknotes each differed in size and were all shorter and narrower than previous banknotes. The design of the front of the banknotes presented prominent historic Turkmen personalities. The reverse side, as in the past, portrayed new key buildings and monuments of modern Ashgabat, the Turkmen capital.

In parallel, new coins were issued in the following denominations: 1, 2, 5, 10, 20, and 50 tenge; and the following year, two more coins were circulated with 1 manat and 2 manat denominations. This represented a de facto reintroduction of coins after high inflation and intense exchange rate pressure had rendered the previously issued coins valueless.

Once the design and denominations of a new currency are selected, the central bank must decide how much to produce, based on research on the demand for money in general and on various cash currency denominations in particular. Data on past orders of banknotes and coins should give reasonable estimates, which must be assessed in light of recent changes in public demand for the currency compared with other currencies. Technical advice is available from international banknote printing firms such as De La Rue and Giesecke &Devrient, and for coin denominations from mints such as the Royal Mint.

The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged.

Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange.

In addition to the guidance of the central bank and the ministry of finance, the views of the ministries of justice, commerce, and defense; the police force; the chamber of commerce; bank representatives and representatives of the informal payment system (if it plays an important role in the country); the general public; nongovernmental organizations; and key media outlets should be considered.

The key stakeholders, under the leadership of the central bank, should develop a detailed plan for distribution of the new currency. They must identify exchange points (places where the public can exchange the old money for new and where cash currency can be stored temporarily); establish facilities for more permanent storage of currency, such as vaults and strongboxes; and address various logistic issues, including exchange point staffing.

In its plan for the currency reform, the central bank must decide how to handle the soon obsolete cash currency. Old banknotes that have been exchanged for new currency should be immediately invalidated via ink markings or holes drilled in the currency.

After a second counting, the then invalidated banknotes should be destroyed by shredding or burning. Routines should also be established for the collection and transportation of old coins, which may be sold by the central bank for scrap metal and ultimately melted down.

In line with common international practices, the Turkmen central bank allowed the two sets of banknotes to be circulated during 2009. By 2010, all banks were expected to exchange the old currency for new manat. And after that, the old currency was demonetized and retained only numismatic value.

The IMF’s currency display was recently dismantled to allow for repairs to the building. If and when the display is restored and updated, there will be several new currencies for visitors to view, including the new Turkmen manat. ■

http://www.imf.org/external/pu.....nnberg.htm

Clare:  Al-Sudani receives a call from Mohammed bin Salman

7/17/2024

Prime Minister Mohammed Shia Al-Sudani received a phone call on Wednesday evening from the Crown Prince of the Kingdom of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud.

A statement from Al-Sudani's office stated that during the call, bilateral relations between the two countries and ways to develop and grow them in various fields were discussed, in addition to discussing the latest developments in the region.

The call also addressed a number of issues of common interest, especially in the political, economic and developmental aspects, which will lead to achieving integration and mutual benefit between the two countries.  LINK

Paulette:  Interesting timing considering Sadia Arabia just educated its citizens that Iraq plans to "delete the zeros" through the Sadia Arabia  Argaam financial Services video.....

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Alicia2015:  A change in Iraq's monetary value appears to be immanent. This is a speculative investment, so the question is will it meet our expectations or not.
Nobody knows for certain, but logic seems to point in the direction of "yes it will be". Regardless, I'm glad something is finally happening and looking forward to the completion of this part of our journey. IMO

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Clare: Selling commemorative coins to collectors

July 18, 2024

The Central Bank of Iraq announces the sale of currently circulating and withdrawn banknotes and commemorative coins for collectors

♦ Application form for purchasing commemorative coins and their prices .. For more click here LINK

MarkZ, MilitiaMan, and Bob Lock Thursday Morning Chat

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: good Thursday Morning…RV there yet???????

Member: I pray for a Blessed Day for everyone!

Member: Mark please give us some real positive news about the RV.. we’re all mentally exhausted

Member: Any WTO news yet?

MZ: Not yet, but we are watching it closely ..I got updates a few hours ago that meetings are still ongoing.

Member: simply linn this morning said WTO will announce on forex tomorrow

Member: Mark, what happened to the 12th-18? What’s the next thing that we can all get our hopes for? Asking for several friends….

Member: Starting today….things are supposed to start getting exciting….fingers crossed.

MZ: “Iraq continues to add to their Maritime Fleet” They have 2 used ships with 5 under construction…..this will cost a large amount of money. Iraq has some long term goals. They have not paid for them yet- I believe Iraq is waiting for a change of value for the dinar.

MilitiaMan Joins the stream…….

MZ: Welcome MM…..glad to see you ….so this week there are television ads being run in Iraq about the “delete the zero” project??? These ads are being run in other countries as well. Where are we at?

MM: I had a few phone calls yesterday on that topic. Obviously Iraq is trying to reach out to the people and share with them some education about how the “delete the zeros” works….This was mostly for the common person

MM: I have a translator who reads and writes Arabic fluently…..and they say this ad is the real deal…looks like it originated around the 15th. It has been out for a few days. Part of a campaign of awareness and released in several countries.

MM: Like Al Alaq said in July of last year.  The project to delete the zeros still exists.

MZ: And they are doing this internationally- I think that is important. Many people left Iraq during the wars and have settled elsewhere in the region. So doing those ads internationally are for those citizens. IO that is huge

MM: Yes. I have to agree, and the emphasis is that it’s all positive and they are going to do something with their currency.

Member: MM/Mark....Didn't Iraq already remove the old ATM machines and replace them with machines with (possibly) new money???

Member: that’s what we heard the last couple of weeks….If true….we have to be close.

MZ: MM Have you heard anything on the WTO ascension and Iraq yet?

MM: I have not heard anything directly outside what they are publishing. But I get the strong feeling there is a push and the region is supporting Iraq in joining the WTO.

Member: wow- I thought IRAQ had already joined the WTO and this is just a formality?

MZ: Lots of people are asking about the budget and the missing Gazette and what is Iraq waiting for??

MM: it’s interesting why they do what they do . I think they are at that stage where they are putting everything in place with what they done over the last 18 months. I believe the new Prime Minister has shined and done much more than any other in the last 14 years or so. You cannot deny how far they have come. I wouldn’t be surprised if everything were set up ad they just hav’nt told us yet

Member: Why do you think they need to do this ASAP?

MZ: Iraqi people- if they are suffering will take to the streets and change their government…..I don’t think they can wait much longer.

Member: I have this feeling that the revaluation has happened and they just havn’t told us yet. Something is blocking that go-ahead announcement?

Member: Mark do you still feel warm and fuzzy about July ?

Member: If so- time is ticking

Member: The rumors are we could get notifications today!

Member: I have been waiting for the RV for about 17 years !!! One day soon it will happen

Member: Got into this in October 2003! I can tell you about frustration!!!

Member: Imagine the frustration of Iraq and we are not the only ones frustrated with the pace. This just shows it is worldwide frustration.

Member: Maybe tonight there will be updates from bond folks and bankers?   It’s almost another weekend it could be released

Member: Heavenly Father, Thank you for the Blessings we are about to receive. Please shield our hearts from grief and greed as we pass our blessings to those around us. In Jesus name, Amen

Bob Lock joins the stream at the end…….

Member: Thanks to Mark, MilitiaMan and Bob Lock……All star line up today. !!

Please listen to the replay for all of Militiaman and Bob Lock’s information and opinions. There is a lot not transcribed….I just do highlights.  

Please follow and subscribe to Militia Man & Crew: https://www.youtube.com/@MilitiaManCrew Also found on Patreon community that is Content filled at https://www.patreon.com/mmandcrew

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, 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=_jRPnyRuxFA

“Tidbits From TNT” Thursday 7-18-2024

TNT:

Tishwash:  100 investment opportunities next November100 

The National Investment Commission has completed its preparations for holding a major investment conference next November.

The head of the authority, Haider Makiya, explained that the authority has completed all its preparations to hold a major investment conference in which about 100 investment opportunities will be presented in all of Iraq’s governorates, noting that invitations have been sent to ambassadors, officials, and all ministers.

 He pointed out that Prime Minister Mohammed Shia Al-Sudani will attend the conference as he is the biggest supporter of such conferences to see the extent of the readiness of major companies to invest in Iraq as a fertile and promising land, pointing out that the role of embassies is great in this matter, as they conveyed an appropriate image of Iraq and its enjoyment of unparalleled security and economic stability during this important stage of its history.

Makiya added that the conference, which will be held on November 2-3, will be a major economic event in the capital, Baghdad, to present exceptional investment opportunities that the world's largest companies can work on. link

Tishwash:   Minister of Trade stresses importance of Arab support for Iraq's accession to WTO

Minister of Trade, Athir Dawood Al-Ghariri, stressed today, Thursday, the importance of Arab support for Iraq's accession to the World Trade Organization.

A statement by the Ministry of Commerce, received by "Al-Eqtisad News", stated that "Minister of Commerce Athir Dawood Al-Ghariri met with the Saudi Ambassador and Head of the Working Group on Iraq's Accession to the World Trade Organization, Saqr Al-Muqbil, in the presence of the ambassadors of the Arab countries in the organization, to discuss mobilizing Arab support for Iraq's accession file to the World Trade Organization."

The statement added, "During the meeting, the progress made by Iraq in meeting the requirements for accession and the challenges it faces in this path were reviewed."

During the meeting, Minister Al-Ghariri stressed the "importance of Arab support to strengthen Iraq's position and achieve its goals in joining the organization."

At the same time, the Minister pointed out "the economic and commercial benefits that will accrue to Iraq and the Arab countries through this accession."

For their part, the Arab ambassadors expressed their "readiness to support Iraq in its efforts," stressing "the importance of strengthening Arab cooperation in international organizations link

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Tishwash: The Economic Situation in Iraq: Challenges and Future Prospects

 Iraq is currently going through a critical economic phase, as the country faces many challenges that hinder its growth and stability. The Iraqi economy is one of the most diversified in the region, but it continues to suffer from the effects of internal conflicts and fluctuations in global oil prices.

Economic Challenges

One of the most prominent challenges facing the Iraqi economy is high unemployment among young people, with statistics indicating that the unemployment rate exceeds 25%. This is attributed to the decline in foreign and local investments as a result of the security and political unrest that the country has witnessed over the past years.

Financial and administrative corruption is another obstacle to economic growth. Iraq ranks high in global corruption indices, which negatively impacts the business environment and limits the ability to attract foreign investment. This corruption affects all sectors of the economy, from oil and gas to infrastructure and public services.

Economic Reforms

In the face of these challenges, the Iraqi government is implementing a package of economic reforms aimed at enhancing economic growth and achieving financial stability. Among these reforms are improving the management of oil revenues and diversifying sources of income by supporting non-oil sectors such as agriculture, industry and tourism.

The government is also working to improve the business environment by simplifying administrative procedures and fighting corruption. Oversight bodies have been established to enhance transparency and accountability in the management of public resources.

Future Prospects

Despite the major challenges, there are signs of hope that Iraq’s economic situation can improve. Government initiatives to diversify the economy and boost investment in vital sectors could create new jobs and improve living standards for the population.

In addition, the stability of global oil prices represents an opportunity for Iraq to generate additional revenues that can be used to finance development projects and improve infrastructure.

In conclusion, achieving an economic renaissance in Iraq requires concerted efforts between the government, the private sector, and civil society, in addition to benefiting from international support to enhance economic and social stability. link

Tishwash:  A military delegation headed by Yarallah will visit Washington soon...and the American withdrawal may take 3 to 5 years

Baghdad has not yet commented on the attempt to assassinate former US President Donald Trump, while Muqtada Al-Sadr, the leader of the Sadrist movement, described what happened as a “clip from a movie.”

Since the beginning of this year, Baghdad and the United States have been engaged in dialogues about the Western military presence in the country, which have reached the procedures stage, according to the parties to the coordination framework.

A former politician and attempted MP warns that the assassination of Trump, whose interpretations of the incident are now limited to an individual act, may affect Washington's policy in Iraq at a later time.

The Iraqi military leadership is supposed to meet with American officials this July in Washington to complete negotiations on withdrawal.

The two parties held three meetings in Iraq about the fate of the coalition forces, while it is likely that Abdul Amir Yarallah, Chief of Staff of the Army, will lead the next delegation.

A few days ago, Foreign Minister Fuad Hussein said while he was in Washington to attend NATO meetings that "a military delegation will visit Washington to hold discussions about the security agreement concluded between Iraq and the United States."

There is still a conflict in statements between Baghdad and Washington regarding the nature of the negotiations that began at the beginning of this year, regarding whether the United States will withdraw or stay for a longer time.

According to leaks from political circles, the military delegation that will soon go to the United States will ask for “3 or 4 months to finalize the withdrawal arrangements.”

But there are other political parties who doubt the possibility of withdrawing forces so quickly, and talk about the United States requiring between “3 to 5 years” to evacuate the forces.

Ali Nimah, a member of the Security and Defense Committee in Parliament, says that the issue of removing foreign forces from Iraq will not end “overnight,” noting that it is hoped that the transition to bilateral relations will begin during the next year.

Last June, the government confirmed that it had begun new measures in preparation for the withdrawal of coalition forces present since 2014, by developing military infrastructure.
Meanwhile, Hassan Fadaam, a former leader of the Popular Mobilization Forces, said in contact with (Al-Mada) that “the decision to withdraw is final and final, and there is no retreat from the Iraqi government.”

Fadam, a former representative of the Al-Hikma Movement, points out that “the withdrawal is within the government program and also within the political agreement that occurred between all political parties and was informed by the American authorities through diplomacy and by the political forces in all their meetings with American officials.”

Fadham, a member of the coordination framework, confirms that there are major changes in this file. “Work has moved from dialogues to procedures. There are daily procedures in preparation for withdrawal.”

The former MP revealed that a recent visit by a US Defense Department official to Baghdad was part of these arrangements, as he "visited the American bases to begin the withdrawal."

A week ago, Al-Sudani's office reported that the latter received the US Deputy Assistant Secretary of Defense for Middle Eastern Affairs, Daniel Shapiro, in Baghdad.

The office confirmed in a statement that the meeting included talk about "proceeding procedures to end the mission of the international coalition to fight ISIS, and to activate bilateral relations between Iraq and the United States."

Hassan Fadaam says that the United States may try to reverse the withdrawal under various pretexts, “but Iraq is monitoring these moves that Washington could use to disrupt the withdrawal.”

Last February, the Iraqi factions retreated from targeting American forces in an undeclared truce, to give the government the opportunity to negotiate with Washington.

The number of American forces in Iraq since the beginning of 2003 was about 130,000, and it remained fluctuating between 100,000 and 150,000, but it rose again to about 170,000 with the intensification of violence in 2007.

At the end of 2011, the United States withdrew its forces during the era of former President Barack Obama. Except for a few military advisors.

However, with the spread of ISIS in 2014, Washington doubled its forces to more than 5,000 members, before reducing them again to 3,000 in 2021, then to about 2,500 this year.

Withdrawal...and Trump is the example of Alusi, the politician and former MP, who says that the presence of American forces in Iraq was “always the focus of discussion in all American governments after 2003,” but he did not raise, not Once, either secretly or publicly, the idea of ​​“reducing the level of forces to zero.”

Successful American administrations, according to Al-Alusi, who spoke to Al-Mada, were thinking about withdrawing the strike force "and leaving elite forces that represent the American moral and strategic presence in Iraq."

A few days ago, Arab media close to Tehran said that the United States “withdrew an official announcement to schedule a reduction in the number of its forces in Iraq.” It is likely that this is related to the process of withdrawing American forces from Niger.

America, according to Al-Alusi, will reduce the military presence in Iraq and not the political, diplomatic or economic presence if it finds that "the government is part of American ideas and interests, but the opposite will happen if the militia penetration and preoccupation With opening camps for the Houthis in Iraq continues.”

The United States will soon enter into a sensitive political situation with the approaching presidential elections, which may not greatly affect the nature of relations with Iraq, according to Al-Alusi, a former member of the Foreign Relations Committee in Parliament.

He says that the change in the US government “affects foreign relations on major issues with Russia and China,but not with Iraq and Iran.”

But on the other hand, he points out the possibility that the attempt to assassinate Trump may affect Washington policy if it is proven that the perpetrator, whose action is explained as an isolated incident, influenced Iraqi and Iranian propaganda against the nominated president, especially if he wins the elections.

In 2021, an Iraqi court issued an arrest warrant against Trump, against the backdrop of the assassination of Abu Mahdi Al-Muhandis and Qassem Soleimani.

So far, Baghdad has not commented on the assassination attempt, at a time when Muqtada al-Sadr said in a tweet on the “Just allegations.”

Al-Alusi advised the Iraqi government to denounce the assassination attempt, "not for Trump's sake, but in rejection of the assassination attempts that the authorities in Iraq accused of against activists and protesters."  link

Mot: Gunna be un of Those Daze!!!

Mot: Seeeeeeeeee -- Ya Can Always Find the ""Positive"" of things!!!

Iraq News Highlights and Points To Ponder Thursday AM 7-18-24

Economist Calls On The Government To Delay Joining The World Trade Organization

Money  and business  Economy News – Baghdad   Today, Thursday, economic expert, Bassam Raad, called on the Iraqi government to delay Iraq's accession to the World Trade Organization.

Raad said in an interview with Al-Eqtisad News, "Iraq, which has observer status in the World Trade Organization, seeks to join it after the removal of political restrictions that prevented this, including its exit from Chapter VII procedures of the United Nations Charter."

He added, "This endeavor has positive effects, including expanding economic partnerships and integrating it into the global economy, but on the other hand it represents a problem, especially since the demands of the World Trade Organization are to allow the access of its members' trade to the markets and to free trade from all restrictions, as it is an organization of producing and manufacturing countries, which means opening the Iraqi local markets to imports, and thus negatively affecting any attempt to rebuild the productive, industrial and agricultural sectors and leaving the economic horizon dependent on consumer imports coming from abroad."

The economic expert explained that "since Iraq depends on oil exports and oil is not subject to customs barriers by importing countries, it should be cautious before seeking to join the World Trade Organization and work towards economic reform and begin implementing plans to diversify local production and build industrial capabilities that support the trend towards exporting abroad, which contributes to enhancing the positive effects of the accession process."

113 views  2024/07/18 - https://economy-news.net/content.php?id=45350

Minister Of Trade Stresses Importance Of Arab Support For Iraq's Accession To WTO

Local  Economy News – Baghdad  Minister of Trade, Athir Dawood Al-Ghariri, stressed today, Thursday, the importance of Arab support for Iraq's accession to the World Trade Organization.

A statement by the Ministry of Commerce, received by "Al-Eqtisad News", stated that "Minister of Commerce Athir Dawood Al-Ghariri met with the Saudi Ambassador and Head of the Working Group on Iraq's Accession to the World Trade Organization, Saqr Al-Muqbil, in the presence of the ambassadors of the Arab countries in the organization to discuss mobilizing Arab support for the file of Iraq's accession to the World Trade Organization."

The statement added, "During the meeting, the progress made by Iraq in meeting the requirements for accession and the challenges it faces in this path were reviewed."

During the meeting, Minister Al-Ghariri stressed the "importance of Arab support to strengthen Iraq's position and achieve its goals in joining the organization."

At the same time, the Minister pointed out "the economic and commercial benefits that will accrue to Iraq and the Arab countries through this accession."

For their part, the Arab ambassadors expressed their "readiness to support Iraq in its efforts," stressing "the importance of strengthening Arab cooperation in international organizations." 2024/07/18 - https://economy-news.net/content.php?id=45340

An Expert Calls On The Government To End The Waste Of Billions Of Dollars On Importing Gas

Economy  ,  07/18/2024 11:59  Number of readings: 129  Baghdad - Iraq Today:  The expert in energy economics, Kofd Sherwani, called on the government to accelerate the implementation of gas isolation projects associated with oil extraction operations, while he stated that importing natural gas from countries costs Iraq billions of dollars.

Sherwani said, “Iraq possesses huge natural gas reserves amounting to 132 trillion standard cubic feet.” Pointing out, "Projects for isolating associated gas in the southern fields must be expedited, so that they can be used in operating electrical power plants."

Sherwani added in a press interview, “These projects were supposed to be accelerated more than ten years ago so that Iraq would reach the stage of sufficiency and dispense with importing natural gas and electricity from any other source.”

He pointed out, "The rate of burning gas in Iraq decreased from 40% to 35%, according to the statements of the Ministry of Oil, that stopping gas burning will occur within three years, while sufficiency of natural gas will occur within five years " Noting that, “This matter will save the state billions of dollars, amounting to 4 or 5 billion dollars spent annually on importing natural gas and electricity.”

He continued, “The reason for the interruptions of imported natural gas from Iraq is that the areas from which gas is supplied from countries are already in need of gas, and this need increases in some seasons, because this gas is used in power stations and to equip some laboratories, because they represent the regions."

In the final distribution network, there is always little flow and many stops, and this causes interruptions that directly affect the supply of electrical energy, some of whose stations depend on imported Iranian gas at an amount of 50 million cubic meters per day.”

The energy economics specialist stated, “The United States has placed restrictions within the sanctions imposed on Iran, while placing restrictions on sending the financial compensation for imported gas and electricity, and when these payments are delayed, Iran sometimes reduces or cuts the quantities processed as a form of pressure on the Iraqi government to pay what it owes.” Accumulated costs of supplied gas.

He stressed, “Iraq has already paid all of Iran’s dues for the price of gas and electricity, but despite that we hope that the Ministry of Oil’s projects in isolating gas and investing in it will be accelerated to reach the stage of sufficiency, and save These amounts, and perhaps in the event of strengthening the capabilities to produce gas, Iraq is reaching a stage.” Export for the period after five years or a little more.”  LINK

Despite Objections, Basra Council Prepares To Vote On 2024 Budget

Economy |Baghdad Today – Basra  Basra Governorate Council confirmed, today, Thursday (July 18, 2024), its intention to pass the budget for the current year 2024 at the end of next week, as the study of the project plan for the current year 2024 will be completed and approved in general.

The head of the Design Bloc in the provincial council, Aqil Al-Furaiji, told Baghdad Today, "The council will work to host officials from the directors of all departments to discuss the sectors included in the projects of the current year 2024, as they are the beneficiaries, to involve them in the discussions and for the purpose of reviewing them in detail."

He explained that "the committee's work continues even on holidays to complete the plan and submit it to the provincial council for approval at the end of next week," noting that they are "promising projects that will benefit the Basra citizen."

Basra Governorate MP Dhurgham Al-Maliki had confirmed in previous press statements that the governorate was counting on the 2023 budget, of which only 30% had been spent.

MP Al-Maliki said that Prime Minister Mohammed Shia Al-Sudani confirmed to him that there is 70% of Basra’s money remaining and has not been circulated. It is a trust with the government and will be spent with what was allocated to Basra in the current year’s budget.

Al-Maliki pointed out that there are accumulated amounts of Basra's dues from petrodollar amounts estimated at 20 trillion dinars, and that schedules and a mechanism for disbursement must be established, noting that many projects have been allocated to Basra in the 2023 budget and are awaiting the release of funds to complete them.

He explained that Basra is not counting on the 2024 budget, but rather on last year's budget to complete projects.

Members of the Basra Council and representatives of the province in the House of Representatives had criticised and objected to the decision to reduce the financial allocations for the province from 2 trillion and 900 million dinars to only 850 billion.

This came as a great shock to the governorate, which is the economic capital of Iraq, as the allocations are not even enough to cover the debts of companies and contractors tasked with service projects, according to official statements, stressing the need to reconsider the decision in a manner that is consistent with the size of the governorate and its needs for projects.  LINK

7 Ways To Start Building Wealth Like the Rich

7 Ways To Start Building Wealth Like the Rich

Jordan Rosenfeld  Wed, July 17, 2024   GOBankingRates

The wealthy may seem to have some financial magic or luck that the average person does not. However, most of their strategies are not all that complicated.

While the rich may have more money to work with than you, with the power of compound interest and other strategies, building wealth is something anyone can learn how to do. Read on to explore the seven steps to start building wealth like the rich.

Diversify Investments

Investing wisely and diversifying one’s portfolio was a hallmark of wealth-building strategies in the previous year, according to Khwan Hathai, CFP and certified financial therapist at Epiphany Financial Therapy. “This approach, rooted in the principle of not putting all one’s eggs in one basket, involves spreading investments across various asset classes to mitigate risk while capitalizing on growth opportunities.”

For someone looking to emulate this, Hathai suggested starting to invest in a mix of financial products such as stocks, bonds, real estate or even exploring newer areas like cryptocurrencies or ESG (environmental, social and governance) investing, depending on one’s risk tolerance and financial goals.

Focus on Growth over Gains

A focus on long-term growth over short-term gains has always been a distinguishing factor of affluent investors as well, Hathai said. “[The rich] look beyond the volatility of markets, concentrating on assets and ventures that promise sustainable growth.”

She encouraged a patient and focused approach to investing, where the emphasis is on the interest appreciation over years or decades, rather than quick wins.

Utilize Tax Advantaged Accounts

To Read More:  https://www.yahoo.com/news/finance/news/7-ways-start-building-wealth-123008400.html

News, Rumors and Opinions Thursday AM 7-18-2024

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 Thurs. 18 July 2024

Compiled Thurs. 18 July 2024 12:01 am EST by Judy Byington,

Global Currency Reset: (Opinions/Rumors)

Wed. 17 July 2024 Wolverine: “Bond Holders are getting paid. Private Contractors are getting paid. Reno said it has started. I was told it was released to the Pentecostal Group. Absolutely it is our week, but it is a process and Tier4b may not have it until next week.”

Wed. 17 July 2024 TNT CC Close Tony. “OK guys. We’ll just end it right here. Window is open after 2 pm today. Expected after 2 pm. – could see something between 2 pm and 2 am. They’re all ready to go. Something to happen tonight. Be ready to go.”

Tues. 16 July 2024 Bruce: “Sources are saying we should be notified to set appointments sometime between now and Thurs. 18 July. Money is moving and Bond Holders are to receive email Wed. 17 July for access to their monies on Thurs. 18 July.”

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.”

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Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System. The secret plans of Iraq and neighboring countries to fortify their economies with gold reserves and join the New BRICS gold/oil backed currency system. https://ai3d.blog/gold-standard-returns-iraq-and-neighbors-prepare-to-abandon-the-dollar-fiat-currency-system/

Tues. 16 July 2024: GESARA: The Hands Of God! This Is Wealth Creation! (VIDEO) – American Media Group (amg-news.com)

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During the EBS (Rumors/Opinions)

Prepare for the most dramatic change in modern history when the Military Emergency Broadcast System (EBS) emerges, signaling a new era of truth, justice and liberation.

The stage is set, the actors are in position, and the world is about to witness a seismic shift that will reshape the course of history.

This bold mission is not for the faint of heart; is the linchpin of the Quantum Starlink system, a quantum leap in technology that promises to redefine our world.

The new Quantum Systems, part of Quantum Starlink, represent a paradigm shift in technology.

The NESARA/GESARA funds will finally see the light of day and the people will be entrusted with the monumental task of rebuilding a long-oppressed world.

Payout for Tier Groups involved in the RV – the Dubai Accounts Funds the RV:

Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3 & 4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 & public (5).

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid)

It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA. Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A The Admiral’s Group was composed of three parts – most notable of which was Tier 4a Core groups and 130 VIP groups.

Tier 4B, (the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

Read full post here:  https://dinarchronicles.com/2024/07/18/restored-republic-via-a-gcr-update-as-of-july-18-2024/

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

Mnt Goat  We heard this week that Al-Sudani again told the citizens that they can expect a “new currency” and so we know its not more of the 3 zero denominations since the CBI told us they are not going to issue the 20K note or any more other of these notes along this line.  So what could this mean? It can only mean fresh new notes of lower denominations reverting back to the currency denominations of the past and finally ditching these 3 zero notes... 

Buckeyetree  Dropping the zeros is primarily from the exchange rate, that is, moving the decimal point over 3 places which causes the need for new currency, the lower notes, which delete the physical zeros on the notes themselves. We are anticipating a rate that is better than 1 to 1 because Sudani said that the dinar will be stronger than the dollar... Dropping the physical zeros and rate change for reinstatement need to happen at same time.  Otherwise, lower notes would be practically useles

NASDAQ Has Worst Day Since 2022, Will Correction Continue? | Jason Shapiro

David Lin:  7-17-2024

Jason Shapiro, Owner of Crowded Market Report.com, discusses recent market sentiment and the rotation out of tech stocks.

0:00 – Intro

 0:56 - Market inflection

6:24 - Tech stocks down

 9:35 - Russell 2000

10:30 - Energy

11:50 - Market levels targets

12:48 - Crowd sentiment

13:27 - Valuations

16:55 - “Setting yourself up for failure”

19:27 - What is market pricing in?

 21:55 - Mining stocks

24:30- Yen

25:29 – Bitcoin

 27:44 - Volatility and VIX

29:51 - Recession trade

31:50 - Presidencies and stocks

 34:20 - Bullish argument

35:10 - Bearish argument

https://www.youtube.com/watch?v=IJmCbP8EY98

MilitiaMan: IQD Update - Iraq Dinar - Iraqi Dinar Update - WTO - Global Economy Trade - International Support

IQD Update - Iraq Dinar - Iraqi Dinar Update - WTO - Global Economy Trade - International Support

MilitiaMan and Crew:  7-17-2024

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=VYWwTXvL_DY

Iraq Economic News and Points To Ponder Wednesday Evening 7-17-24

Through The Dollar And The Yuan... The US Treasury Continues To Impose Its Guardianship Over The Iraqi Economy

 July 16 Information/report.. The Parliamentary Finance Committee indicated earlier that it would demand that the Central Bank address the issue of the exchange rate and the flow of foreign trade through the use of the currency basket diversification system, so that there would be more options for the Central Bank and Iraqi merchants.

 The currency basket system is a monetary system used by the central banks of countries to determine the exchange rate of their local currencies.

 The system is based on a group of currencies chosen by the central bank of each country, and the basket consists of a group of the most powerful banknotes affecting the global economy.  In an “unsuccessful” step, as experts in economic affairs describe it, the Central Bank of Iraq 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 cause of an increase in the exchange rate of the US dollar and an increase in exchange rates.

 Inflation, which has negative repercussions on the economic situation of the Iraqi family, presented 3 solutions to the Central Bank of Iraq to continue the flow of remittances to China.

 Through the dollar and the yuan... the US Treasury continues to impose its guardianship over the Iraqi economy Clip_image004

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 officially unannounced visit to the United States of America to discuss with officials in Washington regarding the US Federal Reserve’s decision to stop dealing in Baghdad. In Chinese yuan.

The Central Bank of Iraq had previously strengthened its assets denominated in the yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about 12 billion dollars annually,

but the US Federal Reserve’s policy is still putting the stick in the wheel of liberating the Iraqi dinar and achieving gains at the expense of the dollar exchange rate, Therefore,

when the US Federal Reserve saw that the Chinese yuan was being used in foreign transfers,

 it quickly issued a decision to stop transfers under the pretext that there were suspicions in some transfers in the Chinese yuan.

A member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, described the

US Federal Reserve’s decision to stop remittances in the Chinese yuan as “arbitrary” against the Iraqi economy.  Al-Kadhimi said in a statement to the Al-Ma’louma Agency,

  “The decision to stop transfers in the Chinese yuan was issued by the US Federal Bank due to its claim that there were suspicions about some transfers in the Chinese yuan.”  He pointed out that

"the Central Bank of Iraq has contracted with an international company to evaluate and monitor remittances, and this company is a supplier of acceptance and trust for the US Federal Reserve." 

He pointed out that  "after a short period, the Central Bank of Iraq will resume transferring remittances in Chinese yuan to Iraqi merchants and in general," noting that  "these US Federal Reserve measures are considered arbitrary against Iraq and its national economy."

For his part, commenting on this decision, the economic expert, Zia Al-Mohsen, confirmed that

 “stopping dealing in the Chinese yuan by the Central Bank of Iraq is an unsuccessful step if we take into account that trade dealing with China exceeds 65 billion dollars.”

Through the dollar and the yuan... the US Treasury continues to impose its guardianship over the Iraqi economy Clip_image006

 Al-Mohsen said in a statement to the Maalouma 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 Central Bank of Iraq stopped trading in the Chinese yuan after the US Federal Reserve accused Iraq of "inflating remittances."

 During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on private banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the local markets.

 It is noteworthy that the Central Bank of Iraq also moved to strengthen its assets in the UAE dirham and negotiated an increase in its assets denominated in euros to finance trade with the European Union. Iraq also began opening bank accounts in the Indian rupee for a number of Iraqi banks.  https://almaalomah.me/news/70483/economy/عبر-الدولار-واليوان-الخزانة-الأمريكية-تواصل-فرض-وصايتها-على    

A Former Deputy Reveals The “Hidden”... These Are The US Federal Reserve’s Restrictions

Information/private..  On Wednesday, former member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, revealed the US Federal Reserve’s restrictions on the Iraqi Central Bank.  Al-Saadawi said in an interview with Al-Maalouma,

 “The US Federal Reserve imposes restrictions on the Central Bank of Iraq, which is a reaction to the demand to remove American forces from the country.”  He added,

 "America is adopting an approach with specific paths in Iraq, which is to give more leeway to the work of foreign banks at the expense of Iraqi banks." 

He pointed out  "the necessity of reviewing the activities of foreign banks in the country and seeking to address corruption in local banks and uncovering fake banking windows that engage in money laundering."

  is noteworthy that the dollar exchange rates in the Iraqi markets witnessed a state of instability in the past days in terms of rising and then falling again.  https://almaalomah.me/news/70595/politics/نائب-سابق-يكشف-المستور-هذه-قيود-الفيدرالي-الامريكي

Our Financial And Banking System And The Global Economy

Economical 07/16/2024   Samir Al-Nusairi  Most of the countries of the world have been suffering from successive economic crises since 2020 until the present.

 They are the harshest and most harmful to the countries’ economies than the previous crises that swept the world previously, which began with the lockdown crisis as a result of the Corona pandemic and the (stagflation) crisis due to food shortages, high prices, the Russian-Ukrainian war, and economic conflicts between... America and China, most recently the Zionist war on Gaza and the occupied Palestinian territories, expectations of a new aggression against Lebanon, the struggle to control oil prices, and the attempts of the affected countries to find plans and deals to control this rise that has occurred over the past years.

 From our follow-up, monitoring and analysis of the movement of the global economy, we notice that most countries in the world have increased inflation rates and exceeded one rank, and economic growth rates have decreased, especially regional countries and most countries with major economies and even emerging countries have tried to form new axes, poles and economic blocs and conclude agreements between themselves and other countries for transactions.

 Trade and finance outside the Group of Seven major countries, such as the BRICS bloc.

The central banks in most countries have taken difficult decisions in order to control the prices of their local currencies from falling and maintain their foreign currency reserves at safe rates, thus reducing stagflation and maintaining relatively stable prices and economic growth balanced with economic conditions.

 Currently prevailing by raising interest rates at a rate that is commensurate with its economic situation.

Therefore, as far as the matter is concerned with Iraq’s economic situation, although the reports of the World Bank and the International Monetary Fund to evaluate the Iraqi economy for the current year indicate that the inflation rate did not exceed 3 percent, and according to what the

 Central Bank announced, it is better than the inflation rates in the regional and neighboring countries and that the growth rate in output The gross domestic product for this year is expected to be 6 percent, and Iraq still maintains a good foreign exchange reserve to cover its imports and cover its local currency in circulation.

 However, it is a one-sided economy and

     depends on oil revenues, and

     its financial and banking sector is weak and suffers from sanctions and restrictions on the use of the US dollar in foreign banking transactions, and still

     Its credit rating is within limits that are internationally classified as unstable and in the absence of...

 New policy measures: The public finance deficit is expected to reach 7.6 percent in 2024 and expand further after that with the expected decline in oil prices in the medium term.

 As a result, public debt will almost double from 44 percent in 2023 to 86 percent by 2029.

 The sector also The real sector suffers from many problems that prevent it from achieving the necessary revenues to reduce the share of oil revenues in public budgets.

 This means that the deficit in the balance of payments and the deficit in the trade balance are prevalent despite the fact that the government, finance and central bank are making great efforts to rebuild a solid and solid banking sector because

  without the existence of a sector With developed banking, it is not possible to build a sound national economy.

The inherited and complex problem is the weak compliance of the Iraqi financial and banking sector with international standards, and the

 foreign trade policy is unclear despite the measures taken by the Central Bank to regulate trade financing and the accreditation of some reputable foreign registered banks, but the

 presence of informal border crossings and intra-trade is not Legitimate speculators in the foreign exchange trading market have led to fluctuations in exchange rates from time to time.

For the purpose of the Central Bank exercising its role in

      reducing inflation,

     controlling the general level of prices,

     maintaining the dinar exchange rate within its target limits,

     controlling the interest rate, and

     maintaining its foreign cash reserves within the required rates, as well as

     controlling the money supply, and certainly

 all of these aspects are within the goals and interests of the Central Bank.

 Its Board of Directors during the next stage and for the purpose of avoiding the harm that currently threatens the global economy.

 This requires taking bold steps, as follows:

 First - reconsider the structure and presentation of the general budget and determine the contribution percentages of the agricultural, industrial, tourism sectors and non-oil revenues at no less than 30 percent during the coming years until 2030.

 The total expenditures must not exceed the total revenues in any case and the deficit must be zero.

 Second - Adopting agricultural, industrial and commercial policies that are consistent with the trend to support and support the private sector and stimulate and encourage it to contribute to sustainable development projects and move to market leadership in 2030.

Third - Recreating a new strategy for the Central Bank for the years (27-2030) in the field of

      monetary policy applications,

     enhancing financial inclusion,

     controlling exchange rate stability,

     enhancing compliance with international standards,

     comprehensive application of digital transformation in the banking sector, and

     transforming Iraqi government banks into mixed joint-stock companies

 in accordance with government procedures in this regard. Relevant and internationally classified.

 It is managed in accordance with

     modern banking techniques,

     lifting sanctions on private banks,

     developing their work in accordance with international standards,

     not allowing the weak ones to remain working within the banking market, and

     adopting the principle of competing for whichever is better and serving sustainable development.  

 https://alsabaah.iq/99579-.html    

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

5 Moves Every Woman Should Consider Before Retirement

5 Moves Every Woman Should Consider Before Retirement

May 23, 2024  by  Jennifer Taylor

Retirement should be relaxing. However, it’s hard to relax if you’re weighed down with financial woes.

As a woman, you probably spend much of your life taking care of others. However, you also need to take care of yourself, which includes ensuring your finances are ready for retirement.

Whether you’re planning to retire in the next few years or the next few decades, you’ll need to do a lot of planning. The more prepared you are, the better your chances of being in a good financial place to enjoy your golden years.

Wherever you are in your journey, here’s a look at five moves every woman should consider before stepping away from the workforce.

1. Estimate How Much You’ll Spend in Retirement

You can’t know if you have enough saved for retirement without estimating the amount you’ll spend each year.

Generally speaking, people tend to spend 55% to 80% of their current income each year in retirement, according to Fidelity®. Of that, approximately 15% of expenditures are healthcare related2.

Therefore, if your ending salary was $100,000 per year, you’ll likely need $55,000 to $80,000 per year in retirement — including approximately $15,000 in healthcare-related expenses.

It’s also important to think of the lifestyle you desire in retirement, as this will largely drive your cost of living. For example, you might save money by no longer having to commute to work and downsizing to a smaller home, but you could also spend more with frequent travel or buying a vacation home.

There’s no one-size-fits-all approach to retirement spending, so take the time to customize your plan to fit your lifestyle.

2. Devise an Income Plan

Right now, you pay for your expenses with your weekly, bi-weekly or monthly paycheck. However, this steady paycheck will come to an end when you retire.

Chances are, you’ll have a variety of income streams in retirement — Social Security, perhaps a pension, an annuity, a 401(k), etc. This is great, but you’ll need to figure out which accounts you’ll be tapping to pay your monthly bills.

It can be wise to work with a financial planner on this, as they can help you create a plan that minimizes taxes, while maximizing future earnings. This will ensure you’re truly getting the most from your money.

To Read More:

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