Take The Cash Or Lifetime Annuity?

Take The Cash Or Lifetime Annuity?

If You Win The Lottery, Here's What Suze Orman Suggests You Do: Take The Cash Or Lifetime Annuity?

Ivy Grace  Wed, July 24, 2024  Benzinga

Unfortunately, winning the lottery is just a dream for most people. While the odds may not technically be in your favor, it's fun to fantasize about what you'd do if you found yourself winning millions – or, in some cases, hundreds of millions.

Podcast host and finance expert Suze Orman has offered some advice for lottery winners over the years, emphasizing the importance of making informed decisions about managing sudden wealth. One of the most commonly debated and hardest decisions is choosing between a lump sum or a structured settlement.

In 2022, Speaking at the National Structured Settlements Trade Association’s annual conference, Orman covered the benefits of structured settlements for lottery winners. She explained, “If you win a lottery, it’s no different from getting a large inheritance. All that money’s gone within a few years. Why is that? Because they don’t know how to structure their finances to last forever."

Orman understands that not everyone’s a financial whiz. While her advice changes depending on your money know-how, she suggests a structured settlement or annuity for those new to managing large amounts of money. This approach doles out your windfall in steady chunks, stopping winners from blowing it all in a blink – a common lottery winner woe.

Lottery winners don't have the best track record, statistically speaking. According to the Certified Financial Planner Board of Standards, nearly one-third of lottery winners eventually go bankrupt within three to five years.

For financial matters, Orman suggests taking a lump sum. In a 2019 CNBC article, she advised, “If you feel capable of investing it, if you feel capable of managing it, and you want to do that, take the lump sum.” That way, you’re in control of your own money.

If you're fortunate enough to win an exceptionally large jackpot in the hundreds of millions, Orman leans toward recommending an annuity in this case, too. This strategy aims to prevent the risk of spending the entire amount too quickly. Annuities often get a lot of backlash but can be the right choice in some situations.

TO READ MORE:  https://www.yahoo.com/news/finance/news/win-lottery-heres-suze-orman-190013691.html

Iraq Economic News and Points To Ponder Thursday Afternoon 7-25-24

Black Money" Fuels The Investment Stock Exchange.. Countries That Flourished With Iraq's Looted Money

 Politics | Today, 11:00 |  Baghdad today – Baghdad   Today, Thursday (July 25, 2024), former MP Manar Abdul Muttalib identified the features of  black money in the Iraqi Investment Stock Exchange, indicating that this money stolen from the Iraqi treasury has revived the economies of several countries.

 Abdel Muttalib said in an interview with "Baghdad Today",  "There is no accurate figure on the amount of money looted in Iraq after 2003, but  all indicators indicate that it is hundreds of billions of dollars, some of which were smuggled abroad and others were transferred to support the building of economic wings for parties, forces, and companies."

She added,  "The investment environment in Iraq is going against the trend in the world, in that anyone who has $100,000 can invest in a project worth $100 million.

 This is a paradox, especially since the state is providing land for free, and it is investing in customers' money, especially in housing projects, which represent a fertile environment for attracting... "Money." Abdul Muttalib pointed out that black money (referring to corrupt and plundered money) “is present in all sectors, including investments,  but the possibility of detecting it is difficult and complicated because there is no money in the names of politicians.

 However, seeing the level of prosperity and opulence and comparing it with their situation years ago gives an indication of the extent of corruption.”. 

She explained that  "corrupt money smuggled to neighboring countries and was put into large investment projects that revived the economies of several capitals, to the point that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq's money

 because they benefited in different ways," indicating that

"searching for Iraq's previous money is difficult."

 But what is most important is to reconsider the investment file,

      bring it within a scope that serves the country’s economy, and

      adopt serious steps to combat corruption in order to preserve the remaining wealth of the country.”  

 https://baghdadtoday.news/254151-المال-الأسود-يغذي-بورصة-الاستثمارات.-دول-انتعشت-بأموال-العراق-المنهوبة.html    

The Central Bank Of Iraq "Warns" Against The Circulation Of Souvenir Notes Denomination Of One Million US Dollars

 July 25, 2024  The Central Bank of Iraq renews its warning against the promotion of souvenir bills in the denomination of “one million” US dollars that are used to defraud and defraud citizens.

Emphasizing that the security and regulatory authorities will pursue the people who promote these memorial papers and take legal measures against them.

Pointing out that the highest denomination in circulation for the US dollar is the $100 denomination.

It is noteworthy that the aforementioned commemorative note is not circulated in the global money markets as it is issued by the American Millionaires Association.

This note is not considered a banknote because it is not issued by the US Federal Bank and does not represent any financial bond, and is used for gifting purposes only.

In February 2020, the Central Bank of Iraq warned against the circulation of the “one million” dollar bill because it is a non-cash paper.  Central Bank of Iraq  information Office  25 - July – 2024  https://cbi.iq/news/view/2625   

Parliamentary Finance Reveals A Legal Violation Involving The Governor Of The Central Bank.. What About The Dollar?

Policy     2024-07-25 | Alsumaria News     2,909 views  Alsumaria News – Politics  Today, Thursday, July 25, 2024, the Parliamentary Finance Committee confirmed that the

Central Bank of Iraq’s procedures to change the exchange rate of the dollar in Iraqi local markets

      did not have any impact and

     did not achieve any real actual results,

 revealing a legal violation involving the Governor of the Central Bank of Iraq, Ali Al-Alaq.

 A member of the Finance Committee, Muhammad Nouri , said in an interview with Al-Sumaria News,

 “The Central Bank of Iraq is still continuing with its wrong procedures that have not achieved any effect and have not achieved any real actual result in changing the exchange rate of the dollar in the Iraqi local markets, which has negatively affected the Iraqi reality and has increased.” "Inflation rates have increased significantly in recent days." 

He added,   “There is work on this issue by the Parliamentary Finance Committee, whether it is interrogations or changing the governor of the Central Bank due to the legal age, as he has exceeded the legal age, and this is a violation of the Civil Service Law,” pointing out that

 “many topics will be addressed by the Council in the coming days, especially the dollar file.”

Because of the great delays, in addition to the control of foreign banks owned by foreign capital owners, this causes an imbalance in national security and Iraqi economic security.”

 Some time ago, the price of the dollar decreased in the parallel market, as it stabilized at 145 thousand dinars for every 100 dollars over the past period, but it rose again to exceed 150 thousand dinars a few days ago.

 Since the beginning of last year, Washington has intervened to limit the smuggling of dollars from Iraq, which led to a rise in the price of the dollar in the local market to a record level of 170,000 dinars per 100 dollars, due to the decline in the Central Bank’s sales of dollars, given its subjection to the international “SWIFT” financial system..

 It is noteworthy that the Central Bank decided to finance trade in the euro, the Chinese yuan, the Emirati dirham, and the Indian rupee, in steps to reduce the demand for the dollar.  

 https://www.alsumaria.tv/news/politics/494857/المالية-النيابية-تكشف-عن-مخالفة-قانونية-تخص-محافظ-البنك-المركزي-ماذا-ع    

Iraq’s Gold Reserves Rise To 148.3 Tons

Amr Salem July 25, 2024   Gold bars. Baghdad (IraqiNews.com) – Recent data released by the International Monetary Fund (IMF) showed that Iraq and Qatar increased their gold reserves.

 According to the IMF, Iraq’s gold holdings climbed by 2.64 tons in May 2024, bringing its total gold holdings to 148.3 tons.

 Additionally, the report indicated that in June 2024, Qatar added 3.11 tons to its gold reserves, bringing them to 106.4 tons.

 This growth reflects Iraq’s ongoing efforts to diversify its foreign reserves and improve long-term financial and monetary stability.

 Gold is a traditional safe haven for investors, particularly during times of economic and geopolitical instability.

 In its latest report issued in April, the World Gold Council revealed that Iraq maintained its position as the 30th-largest gold-holding country out of 100 countries, as its gold possessions remained 142.6 tons, representing 8.4 percent of the rest of its other reserves.

The World Gold Council mentioned earlier that Iraq purchased approximately 12.25 tons of gold in 2023.

The Central Bank of Iraq (CBI) purchased 34 tons of gold in June 2022, representing an increase of 35 percent in its holdings at that time.

 Iraq is one of the countries that possess large amounts of gold reserves in the Arab region.

 It ranks fourth after Saudi Arabia, Algeria, and Morocco.

This increase in Iraq’s gold reserves is considered a positive indicator, reflecting the strength of the Iraqi economy.    https://www.iraqinews.com/iraq/iraqs-gold-reserves-rise-to-148-3-tons/    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Evening News with MarkZ and Dr. Scott Young. 07/25/2024

Evening News with MarkZ and Dr. Scott Young. 07/25/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=fZ8Kw9gRBwI

More News, Rumors and Opinions Thursday PM 7-25-2024

KTFA

Clare: Central Bank of Iraq "warns" against circulation of $1 million commemorative notes

July 25, 2024

The Central Bank of Iraq renews its warning against promoting commemorative notes of the "one million" US dollar denomination used to defraud citizens.

It stressed that the security and regulatory authorities will pursue those who promote these commemorative notes and take legal action against them. It pointed out that the highest denomination of the US dollar in circulation is the "100" dollar denomination.

 It is  noteworthy that the aforementioned commemorative note is not circulated in global currency markets as it is issued by the American Millionaires Association, and this note is not considered cash because it is not issued by the US Federal Reserve and does not represent any financial instrument, and is used for gifting purposes only.

The Central Bank of Iraq warned in February 2020 against circulating the "one million" dollar denomination because it is a non-cash note.

Central Bank of Iraq
Media Office 
July 25, 2024

https://cbi.iq/news/view/2625

Clare:  Cooperation in communication and training.. Washington talks reveal a new Iraqi-American understanding

7/25/2024

The US Department of Defense and the Iraqi Ministry of Defense led the second US-Iraq Joint Security Cooperation Dialogue in Washington, D.C., on July 22-23, 2024, reaffirming their commitment to security cooperation and shared interest in regional stability.

The two delegations discussed a range of bilateral security issues under the 2008 U.S.-Iraq Strategic Framework Agreement and in recognition of our comprehensive partnership, with Defense Minister Thabet Al-Abbasi meeting with U.S. Secretary of Defense Lloyd Austin and representatives from the Defense Security Cooperation Agency, U.S. Central Command, the Department of State, and National Security Council staff.

The Iraqi delegation included the Chief of Defense Staff, who also met separately with Chairman of the Joint Chiefs of Staff General Charles Brown, the Director of the Counter-Terrorism Service, the Deputy Commander of the Joint Operations Command – Iraq, and other senior defense officials.

The U.S. and Iraqi delegations reaffirmed their commitment to developing Iraq’s security and defense capabilities and their determination to deepen security cooperation across a full range of issues to advance the two countries’ shared interest in Iraq’s security and sovereignty and regional stability.

The 2024 Joint Security Cooperation Dialogue builds on discussions held during Iraqi Prime Minister Mohammed Shia al-Sudani’s visit to Washington, D.C., in April of this year and the inaugural Joint Security Cooperation Dialogue last summer.

During the first Joint Security Cooperation Dialogue, the two sides decided to establish a bilateral Higher Military Committee to analyze three factors – the threat posed by ISIS, operational requirements, and the capability levels of the Iraqi Security Forces – to determine the future of the international military coalition in Iraq.

The dialogue continued during the Joint Security Cooperation Dialogue, building on HMC’s work over the past six months and in celebration of the upcoming 10th anniversary of the Global Coalition to Defeat ISIS’s military mission in Iraq. A detailed joint statement on the future of the Global Coalition’s mission and presence in Iraq is scheduled to be issued shortly after HMC’s conclusion.

The United States and Iraq intend to continue consultations on enhancing bilateral cooperation to ensure the lasting defeat of ISIS after more than a decade of cooperation between the international coalition and Iraq.

Hamad Medical Corporation, Qatar, noted the historic achievements of the coalition in Iraq and commended the millions of victims of ISIS, including hundreds of thousands of victims who suffered in the campaign to defeat ISIS in Iraq, such as members of the Iraqi security forces, including the Peshmerga, and partner forces around the world, including the United States. Both sides stressed the importance of Iraq continuing to provide support to the international coalition to defeat ISIS in Syria and around the world.

In addition, the two delegations reached an understanding on the concept of a new phase of the bilateral security relationship, which includes cooperation through liaison officers, training and traditional security cooperation programmes.

The delegations also discussed efforts to build the operational capacity of the Iraqi Security Forces through U.S. military assistance and security cooperation programs, including through Foreign Military Sales and Foreign Military Financing. The two sides stressed the importance of continued cooperation to ensure the sustainability of U.S.-origin military equipment used by the Iraqi Security Forces. The delegations emphasized the value of professional military education and technical training programs and decided to strengthen both.

They also explored opportunities to expand Iraqi participation in CENTCOM-led regional military exercises and strengthen Iraqi military relations with CENTCOM service component commands. The two sides also decided to begin work on a Memorandum of Understanding to provide an enhanced framework for their bilateral security relationship in the coming years, including mechanisms to ensure the continued defeat of ISIS.

In support of Iraq’s sovereignty and security, delegations reaffirmed that the advisory mission is in Iraq at the invitation of the Iraqi Government to support the Iraqi security forces in the fight against ISIS and to support and develop the Iraqi security forces, including the Kurdish security forces.

The Iraqi representatives reaffirmed their absolute commitment to protect US and coalition personnel, advisors, convoys and diplomatic facilities.

Delegations discussed the continued urgent need to return displaced persons and detainees currently in north-east Syria to their countries of origin and support their reintegration.  LINK

***********

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

Militia Man  All this time they've been doing all these meeting in Washington.  About 48 hours ago they have come up with an agreement...to reduce forces...Alaq went to Washington about 10 days ago, unannounced visit.  He met with the US Treasury and the US Federal Bank, had to do with exchange rates...other currencies...They're going to be talking about...banking, finance, development, sovereign guarantees ... Ultimately, Iraq is going to have bilateral relations in security with the U.S. in finance, development, all those things.

Jeff   Everything is pointing to...August.  I really feel that's when the rate is changing...Everything seems to be hovered and centered around the nucleus of August being their accession to the World Trade.  Somewhere around mid-August.  That's when we're going to see most of their critical steps coming forward...It's amazing what's happening right now.  We're definitely in the period for the rate change. It's here.  It's right in front of us.

Fed Will Issue $20 Trillion In QE | David Hunter

Liberty and Finance:  7-25-2024

David Hunter forecasts a severe financial "freefall" in the near future. He predicts a sharp, intense downturn likely in 2025. This freefall, he suggests, will prompt massive central bank interventions, potentially leading to dramatic inflation and substantial gains in commodities as the cycle shifts

INTERVIEW TIMELINE:

0:00 Intro

1:20 Melt-up update

 5:40 Election

 8:23 July rate cut?

10:38 Inflation

 13:20 Impact on average person

16:00 Gold & silver

 26:00 Find Hunter online

 27:57 Banking system

https://www.youtube.com/watch?v=0IrnXXTUcU8

Here’s How Much Cash You Need Stashed If a National Emergency Happens

Here’s How Much Cash You Need Stashed If a National Emergency Happens

Jaime Catmull  Wed, July 24, 2024   GOBankingRates

You’ve probably heard countless times that it’s important to have a rainy-day fund set up “just in case” something unexpected were to happen. But we’re now at a time when having an emergency fund is more vital than ever.

The coronavirus pandemic was a prime example of how something unexpected can have devastating effects on the economy at large and on an individual level, too. While we all hope the worst of it is over, here’s how to be prepared in case it’s not — plus how to set up a fund for unexpected future national emergencies.

Why You Need a National Emergency Fund

Part of being prepared for any contingency, big or small, is having a reserve of emergency cash at your disposal at all times. When you can’t rely on accessing your funds electronically, you’ll need some legal tender to buy food, gas or other necessities.

“Whether it’s Mother Nature or some other disaster out of your control, you always want to be prepared by having some emergency cash on hand,” said Annalee Leonard, an investment advisor representative and president of Mainstay Financial Group. “Banks and ATMs may not be up and running for days after a strong storm. I recommend my clients have three to five days’ worth of spending money, just in case.”

Retirement Planning: Whether you're planning for retirement, dealing with a significant life event or simply looking to make smarter financial decisions, a financial advisor can offer the expertise and guidance you need. Here are some compelling reasons why you should consider a financial advisor -- even if you're not wealthy.

How To Decide How Much To Save

To decide how much to save for an emergency fund, you’ll need to ask yourself a couple of questions:

How much will I need for an extreme catastrophic event?

How much can I afford to save?

“It’s wise to have a small amount of physical cash at home for the truest of emergencies when banks are not operating,” said financial tech writer and expert, Priyanka Prakash.

Aim To Save $2,000

“Individuals should be prepared to pay for essential or non-discretionary expenses out-of-pocket,” said Brett Tharp, CFP and advisory live training specialist at eMoney Advisor. “Temporary lodging or shelter, fuel, food, water and necessary medications fall into this category. This will differ for each person depending on their level of preparedness or perception of how likely a catastrophic event might be.”

To cover those costs, $2,000 is a good figure.

“The rule of thumb I advise my clients is to keep $1,000 to $2,000 in cash in case banking operations are shut down due to a national emergency or catastrophe,” said Gregory Brinkman, president of Brinkman Financial in Tulsa, Oklahoma.

There’s No ‘Magic Number’ for How Much To Save in Your Emergency Fund

Despite these suggestions and what some other experts might advise, though, there’s no magic amount you should have nestled away in your emergency fund. The answer for how much you should save for an emergency situation is that you should do what feels right to you. No matter the amount, an emergency fund is absolutely necessary — so make it a priority to build one.

So if you can only afford to set aside $1,000 for an emergency fund, that’s better than not saving at all.

The Cost of Covering Necessities

Take into account that in a national emergency, inflation will rise, demand for necessities will increase and price gouging will likely ensue. With all that in mind, in addition to your regular emergency savings, you should prepare to have enough to cover the following costs in a national emergency situation (dollar amounts are estimates):

TO READ MORE:  https://www.yahoo.com/news/finance/news/much-cash-stashed-national-emergency-130023345.html

Economist’s “News and Views” Thursday 7-25-2024

BRICS Now Controls 72% of the World’s Rare-Earth Metals

We love Africa:  7-24-2024

In a significant geopolitical shift, the BRICS nations—Brazil, Russia, India, China, and South Africa—have now emerged as custodians of an astonishing 72% of the world’s rare-earth metals. After consolidating control over a significant portion of global oil supplies, this new monopoly on rare-earth elements presents profound implications for global trade, technology, and the balance of power in the international arena.

Rare-earth metals are a group of 17 elements essential for the production of high-tech devices, renewable energy technologies, and various defense applications. Items ranging from smartphones, electric vehicles, and wind turbines to military equipment rely heavily on these metals. As the world increasingly pivot towards technology and sustainable energy solutions, the demand for these precious resources has skyrocketed.

The BRICS nations, by controlling such a substantial share of rare-earth metals, position themselves as crucial players in an increasingly competitive global economy. Imagine if BRICS decided to trade these materials in currencies other than the US dollar. Such a strategy could undermine the dollar’s role as the world’s primary reserve currency, disrupting established commercial practices and inciting economic volatility.

This potential disruption could lead to a significant shift toward a multipolar world, where power and influence are distributed among several nations rather than being concentrated in a few Western countries. The implications of this could resonate across numerous sectors, including technology, industry, and defense. With dominance over essential resources, BRICS would have leverage in negotiations, partnerships, and global policy decisions.

The BRICS nations controlling 72% of the world’s rare-earth metals represents both a seismic shift in global economics and the potential for lasting geopolitical ramifications. If they leverage this power effectively, it could catalyze a transition to a multipolar world where Western dominance is challenged.

As the global landscape continues to evolve, businesses, governments, and societies must adapt to these changes. The strategic approaches adopted by both BRICS and the Western nations in response will undoubtedly shape the contours of the future economy and international relations. The world is on the brink of a new era—one where resources dictate power and alliances are more crucial than ever.

https://youtu.be/GqD6pv9Q0ng

Powerful Economic Indicator Signaling "Hard Landing" May Have Started

George Garmin:  7-24-2024

https://www.youtube.com/watch?v=k8HRPhrXEu8

Is the US Dollar’s Dominance Coming to an End?

Kitco News: 7-24-2024

In a recent illuminating interview on Kitco News, anchor Jeremy Szafron had the opportunity to converse with Tavi Costa, a Partner and Macro Strategist at Crescat Capital. Their discussion touched on some of the most pressing concerns in the economic landscape today: the future of the U.S. dollar, growing sovereign debt concerns, and the implications for global markets. As inflationary pressures mount and geopolitical tensions escalate, these topics are increasingly relevant for investors and everyday citizens alike.

Lower interest rates could potentially create a temporary alleviation of debt obligations, but they may also spur inflationary pressures, diminishing the dollar’s purchasing power. This, Costa believes, will have cascading effects across global markets, especially in commodities.

The forecasts may look grim for the dollar, they open the door for substantial investment opportunities in the commodities sector. Investors looking for a hedge against inflation and currency risk might find solace in allocating their assets towards tangible commodities.

Costa’s insights on the U.S. dollar, sovereign debt, and global markets are both sobering and enlightening. His bearish outlook prompts a reconsideration of long-held assumptions about currency strength and encourages a shift toward commodities as a potential safeguard against economic instability. As we navigate through these challenging times, the perspectives shared in this interview serve as a crucial reminder of the interconnectedness of global financial systems and the importance of proactive investment strategies.

https://youtu.be/TngMlys_bmc

The Difference Between Currencies and Bonds in the GCR

The Difference Between Currencies and Bonds in the GCR

On July 24, 2024 By Awake-In-3D

In RV/GCR

A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)

In This Article

• General Definitions and Functions of Currencies and Bonds

• Key Differences Between Bearer Bonds and Registered Bonds

• How Transactions Will Work in the GCR

The Global Currency Reset (GCR) represents a significant shift. This reset involves the revaluation of currencies and bonds backed by gold. Understanding the distinctions between gold-backed currencies and bonds, particularly in the context of the GCR can be helpful in the broader landscape of things.

This article aims to provide a clear and simple explanation of these differences, including the unique characteristics of Bearer Bonds and Registered Bonds, and how transactions will be handled.

General Definitions and Functions of Currencies and Bonds

Currencies are are considered legal tender issued by a country’s central bank or government, with their value tied to a specific weight of gold.

These currencies act as a medium of exchange, facilitating everyday transactions.

Bonds are financial instruments representing a loan made by a person or entity to a borrower, which can be a government, municipality, or entity.

Bonds are used to raise capital and provide periodic interest payments to bondholders. Unlike currencies, bonds return the principal amount at maturity.

Key Differences Between Bearer Bonds and Registered Bonds

To the best of my knowledge, all GCR bonds are Perpetual Bearer Bonds, which have distinct characteristics compared to Registered Bonds:

Bearer Bonds: Bearer Bonds are unregistered, meaning ownership is transferred by simply delivering the physical bond certificate. They offer anonymity to the bondholder but carry a higher risk of theft or loss since possession equates to ownership. Perpetual bonds do not have specified maturity dates.

However, to the best of my knowledge, all GCR bonds do require adequate provenance (history of ownership) that show that the bonds were not implicated in any criminal activity.

Registered Bonds: Registered Bonds are recorded in the name of the bondholder. Ownership is transferred through a formal registration process. They provide greater security against theft or loss but do not offer the same level of anonymity.

Key Differences Between Gold-backed Currencies and Bonds

While both currencies and bonds will be linked to various weights of gold in the GCR, their purposes, issuers, and returns, differ significantly:

Purpose: Currencies are used for everyday transactions, whereas bonds are investment vehicles that appreciate over time.

Issuer: Currencies are issued by governments or central banks. Bonds can be issued by governments, municipalities, and other entities.

Return: Currencies do not provide a return in the form of interest unless held in interest-bearing accounts. Bonds, however, generally provide interest income over time.

How Transactions Will Work in the GCR

In the GCR, gold-backed currencies will be exchanged similarly to traditional currencies, only there will likely be a digital (blockchain) component and/or process involved. [More on the decentralized ledger and payment system in future articles.]

Conversely, bonds will be redeemed rather than exchanged. This means bondholders will receive appreciated rates and the principal amount at maturity, rather than using bonds for everyday transactions.

ALSO READ: Trading Platforms for RV/GCR Bonds and Currencies Explained

In the case of ZIM perpetual bonds, the principle value will come from its gold-backed component along with accrued, underlying interest appreciation. No one really knows what that appreciation factor is.

Since most GCR bonds are Perpetual Bearer Bonds, the transaction process involves the physical delivery of the notes to transfer ownership at the time of transaction.

DISCLAIMER: This article is for educational and entertainment purposes only and does not constitute financial advice. I am not a certified financial or investment advisor. Always seek professional guidance before making financial decisions.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-difference-between-currencies-and-bonds-in-the-gcr/

“Coffee With MarkZ” Thursday Morning Chat 7-25-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning Mark, Mods and everyone in the chat

Member: ​​Today is a great day to have a great day! Let's RV! Ha!

Member: Will we have our” Christmas in July?”

MZ: That is the pressing question

Member: Congress starts summer vacation today and won’t be back until Sept 9th

Member: When Do Congressional Members don't have immunity? When they're not in session---that’s the rumor

Member: what is up with us marshalls headed to dc and new york officers headed that way

Member: Theres a rumor that there are thousands of US Marshalls out arresting right now.

MZ: Don’t know about thousands….but I have some US Marshall contacts being scrambled to the DC area. Is it because they are short on security after yesterday’s Palestinian protests/uprising?  But I have been told there are many credible threats against the supreme court…..They could be sent there for protection.

MZ: So yes…there is a large scale movements of Marshalls and law enforcement being brought into DC right now.

Member: I hope they are going there to do mass arrests in DC. The cabal has to go.

MZ: There is a difference I reporting at the IRS…Mostly in systems and who they are allowed to pursue. Or not…..Almost as if they are going through major changes….Isn’t that interesting.

Member: The IRS also needs to go….

MZ: Bond news all over. I get great news from one….then others are getting stonewalled….still needing final contracts. One of then told me they want all contracts out and delivered by August 1st  This doesn’t mean they are punting things….I was told a long time ago that only 30% of bonds need to be paid for us to move forward. Aug 1st is only 7 days away.

MZ: Bond rumors says we may have massive movement today and tomorrow….. But, I personally believe we should have already had it by now.

MZ: Still hearing the timeline is set for the US drawdown of troops in Iraq. In other words…Iraqis will now be taking care of Iraq. There will still be troops in Iraq on the bases…..to safeguard the region….but not to handle the day to day stuff.

Member: If the Dinar won't RV until the US Troops leave Iraq, which begins in Sept. …still a few weeks away from any real positive news.

​​Member: Maybe the date being set for military to leave Iraq is enough to meet the condition of rv?

Member: I still think the financial crash has to happen. RV will be the savior.

Member: BREAKING, King of Jordan has dissolved Jordanian Parliament and holding new elections in September.

MZ: This is getting interesting.

Member: Why don’t you give us all the rumors anymore? It’s like you are not even trying?

MZ:  IMO 99% of the rumors out there right now are misinformation……keeps you on the roller coaster. I would rather sit back and watch things unfold then spread that disinformation. It has gotten crazy out there. They are feeding us crap on purpose to cloud the timinig. I don’t want to play that game. But it is clear they are making great progress.

Member: I keep reminding myself, “Quiet is good.”

Member: Does everything revolve around the Dinar? Or, is there a chance the Dong or another currency could RV prior to the Dinar going?

Member: I heard the dinar is the lynchpin to support everyone else going…….guess time will tell.

Member: Dow is up 200 points right now

MZ: That is the plunge protection team….created in the 80’s to handle that crash. A shadowy group to keep markets from crashing.

Member: What is the plunge protection team?

Member: Reagan's Secret Weapon: The 1988 Creation of the Plunge Protection Team to Guard Wall Street

Member: Keeps markets from crashing

Member: ​​MarkZ, Do you believe it's East to West and funds have started in the East?

Member: MARK is there anyone in T 1 2 or 3 with real liquid cash for REAL

Member: Thoughts o this: (From dinar guru)  Guru Jeff  President signed off on...the budget on June 27th.  I want to show you a pattern here...Issue number 4781 published in the Gazette on July 1st 2024...then...they skip issue number 4782 and advance to 4783...published on July  8th.  We believe the Gazette issue number that is missing 4782...is actually the budget itself.  They just can't publish it in the  Gazette because right now it's being deemed or perceived as an unconstitutional law.   

MZ: The rumor running around is it’s the “budget tables with the new rate “ but I believe this is accurate.

Member: Watching Grass growing gives you practice to wait for RV release....so theraputic.

​​Member: Mark, thank you for just being there and keep us from going completely lemming. God Bless!

Mod: LATER EVERYONE!!! SEE YA THIS EVENING!!!

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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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.

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“Tidbits From TNT” Thursday 7-25-2024

TNT:

Tishwash:  Black Money" Fuels Investment Stock Exchange.. Countries That Prospered with Looted Iraqi Money

 Former MP Manar Abdul Muttalib, on Thursday (July 25, 2024), identified the features of black money in the Iraqi investment stock exchange, indicating that this money stolen from the Iraqi treasury has revived the economies of several countries .

Abdul Mutalib said in an interview with Baghdad Today, "There is no accurate figure for the amount of money looted in Iraq after 2003, but all indications indicate that it is hundreds of billions of dollars, some of which was smuggled abroad and some of which was turned into support for building economic wings for parties, forces and companies ."

She added, "The investment environment in Iraq is going against the trend in the world in that anyone with $100,000 can invest in a project worth $100 million. This is a paradox, especially since the state provides the land for free and it builds with customers' money, especially in housing projects that represent a fertile environment for attracting money ."

Abdul Muttalib pointed out that black money (referring to corrupt and looted money) “exists in all sectors, including investments, but the possibility of uncovering it is difficult and complicated because there is no money in the names of politicians. However, seeing the level of prosperity and extravagance and comparing it with their situation years ago gives an indication of the extent of corruption .”

She explained that "corrupt funds were smuggled to neighboring countries and were thrown into large investment projects that revived the economies of several capitals, to the extent that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq's funds because they benefit in different ways," indicating that "searching for Iraq's previous funds is difficult, but the most important thing is to reconsider the investment file and make it within a scope that serves the country's economy and to approve serious steps to combat corruption in order to preserve what remains of the country's wealth  link

************

Tishwash:  Saleh: The Central Bank's dollar reserves are solid and the GDP rate is very optimistic

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the cohesion of foreign reserves, especially the dollar, at the Central Bank of Iraq.

Saleh told Al Furat News Agency, "Covering urgent expenses in dollars, as they represent the desired demand for foreign currency, in addition to the level of sufficiency of incoming foreign currency flows and the level of maintaining the country's reserves of the total foreign currency held by the Central Bank, is subject to two main factors."

He explained that the first factor is "the nature of the oil asset cycle, which is still at its highest levels of global price increases due to the strength of global demand for energy, and that economic expectations indicate that potential price fluctuations towards a decline are still out of reach and are largely linked to the end of military operations in Ukraine, and the return of the flow of Russian gas and oil, especially to European markets, as the Russian Federation is the second largest oil-producing country in the world and leads the production and export of gas to major consumer markets in the European continent directly." 

The other factor, according to Saleh, “is related to the surplus in the current account of the Iraqi balance of payments, as estimates issued by international financial institutions indicate that this percentage of the surplus in the current account of the Iraqi balance of payments to the country’s gross domestic product is no less than {positive 6%}, which is a very optimistic positive percentage.”

He explained that "both factors indicate the cohesion of the country's foreign reserves, which are generated by high oil export revenues to date, versus control over outward cash flows of foreign currency to meet local demand for imported goods, services and foreign benefits, as the current account of the balance of payments indicates that it is in a positive and stable position and is consistent with the general budget's spending tendencies during the current fiscal year 2024."  link

************

Tishwsh:  Central Bank Under Wide Criticism After Failure To Control Exchange Rate

The Central Bank of Iraq announced today, Wednesday, the total sales of foreign currency through the electronic window. The window recorded the total amounts of transfers abroad (remittances, credits) at $267,587,912, while the total cash sales amounted to $7,050,000, bringing the total to $274,637,912.

The Central Bank set the selling price for transfers and cash at 1,310 dinars per dollar, while documentary credits and international settlements for electronic cards were set at 1,305 dinars.

The Central Bank of Iraq is facing widespread criticism from various economic and political circles due to its current policies and its inability to control the exchange rate of the dinar against the dollar. Under the government of Mohammed Shia al-Sudani, who decided to reduce the exchange rate to 1,320 dinars per dollar, the Central Bank was unable to actually control the price, which led to the emergence of a parallel market benefiting private banks that were described as similar to shops for exchanging dollars.

The instability of the exchange rate and the emergence of the parallel market have increased pressure on the Iraqi economy. These private banks are one of the biggest beneficiaries of the current situation, as they can buy dollars at lower prices than the official market and sell them at higher prices in the parallel market. This situation leads to economic instability and increases the burden on citizens who face rising prices due to the fluctuation of the exchange rate.

These problems reflect the weakness of the Central Bank of Iraq’s management and the inability to take effective measures to limit the influence of the parallel market. Many experts believe that the Central Bank needs to adopt more stringent policies and coordinate with government agencies to achieve tangible economic stability. The current situation requires serious steps to narrow the gap between the official and parallel markets and ensure price and exchange rate stability.

It is imperative that the Central Bank of Iraq strengthens oversight of the financial market and takes strict action against banks that exploit the situation to make illicit profits. The Iraqi government must also support the Central Bank through comprehensive economic policies that contribute to the stability of the local currency and the strengthening of the national economy.

The biggest challenge facing the Central Bank of Iraq and the Iraqi government remains achieving economic stability and ensuring fair distribution of opportunities and resources among all segments of society. Addressing the problem of the exchange rate and the parallel market requires joint efforts from all concerned parties to reach radical and sustainable solutions.  link

Mot: .. Don't Worry!! -- Beeee Happy!!

https://www.youtube.com/watch?v=wIm-tMAktTo

Iraq Economic News and Points To Ponder Thursday AM 7-25-24

The Iraqi Banking System: A Noticeable Increase In The Number Of Bank Accounts And The Size Of Citizens’ Deposits

 Time: 07/24/2024 13:01:43 Read: 1,898 times  {Economic: Al-Furat News} The banking system in Iraq is regaining citizens’ confidence in it little by little, with the increase in the number of bank accounts in banks and banks spread throughout the country.

 Banking systems around the world face increasing challenges in light of rapid economic and financial changes.

 To ensure the stability of these systems and protect depositors' funds, many countries are moving to join the International Association of Deposit Insurers.

This membership is not just a formality, but rather a strategic step that carries with it great benefits for member states and their banking systems.

In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than putting it in banks.

 However, the joining of the Iraqi Deposit Insurance Company (ICDI) to the International Organization of Deposit Insurers came as a decisive step in improving confidence in the banking system.

 Since its accession, Iraq has witnessed a

      noticeable increase in the number of bank accounts and the

     size of deposits,

 which reflects a significant improvement in citizens’ confidence in banks.

 This development enhances Iraq’s ability to

      attract investments and

     support economic growth

  by converting savings into productive investments.

 In a world of increasing economic and financial interconnectedness, countries cannot act in isolation from each other.

Membership in international deposit insurance bodies reflects countries' commitment to international cooperation and exchange of experiences, and confirms their tireless pursuit of achieving financial stability and protecting depositors' funds.

This membership is not just a formality, but rather a strategic investment in the future of the banking system and the national economy as a whole.

 International cooperation: the cornerstone of deposit guarantee

 International bodies provide a unique platform for exchanging experiences and knowledge between member states.

 National financial institutions can benefit from the successful experiences of other countries in the field of deposit insurance, and avoid the mistakes that some countries have made.

 This continuous exchange contributes to the development and modernization of deposit insurance policies and procedures in line with global best practices.

 Joining the International Association of Deposit Insurers (IADI) enhances the transparency and credibility of the national banking system.

 The state's commitment to strict international standards in the field of deposit insurance sends a positive message to citizens and investors that

      their deposits with member banks of the deposit insurance system are in safe hands and that the

      banking system is subject to effective local monitoring and supervision.

 International bodies not only provide a platform for exchanging experiences, but also provide technical and advisory support to their members.

National institutions can benefit from the expertise of international specialists in developing and implementing effective deposit insurance policies, assessing potential risks, and preparing for financial crises.

 By adhering to international standards and applying best practices, national institutions can reduce the risks of financial crises and enhance the stability of the banking system.

 This stability is not a goal in itself, but rather a means to achieve broader economic and social goals, such as increasing economic growth rates and providing job opportunities.

 When citizens and investors trust the banking system, they are more willing to deposit their money in banks.

 This increased confidence leads to an increase in the volume of deposits available for investment, which supports economic activity and contributes to achieving sustainable development.

 The impact of membership in international bodies is not limited to enhancing financial stability and confidence in the banking system,

but rather extends to supporting economic development.

Increasing the volume of deposits available for investment can

     contribute to financing development projects,

      providing loans to small and medium enterprises, and

     creating new job opportunities.

 Malaysia:

 Malaysia joined the International Association of Deposit Insurers, which helped improve deposit insurance policies and increase confidence in the banking system.

 This accession led to an increase in the volume of bank deposits and greater financial stability, which contributed to supporting economic growth in the country.

 South Korea:

After the Asian financial crisis in the late 1990s, South Korea joined the International Association of Deposit Insurers.

 International membership helped restore confidence in the banking system and strengthen the stability of the national economy, allowing South Korea to achieve a rapid economic recovery.  

 https://alforatnews.iq/news/النظام-المصرفي-العراقي-زيادة-ملحوظة-في-عدد-الحسابات-البنكية-وحجم-الودائع-للمواطنين    

Iraq Suspends Banking Transactions In Chinese Yuan

Amr Salem July 24, 2024 The Central Bank of Iraq. Photo: AFP   Baghdad (IraqiNews.com) – Member of the parliamentary finance committee, Moeen Al-Kadhimi, revealed that Iraq has chosen to discontinue using the Chinese yuan in financial transactions.

 Al-Kadhimi told Al-Forat News that the decision was made due to worries about potential manipulation and other difficulties with certain transfers.

 Iraq has been ordered by the US Federal Reserve to stop trading in Chinese yuan, citing discrepancies and specific issues with transactions, according to Al-Kadhimi.

 The Iraqi lawmaker clarified that the US Federal Reserve receives $3.5 million generated from Iraq’s daily oil exports, noting that the money is regulated through transfers that the Central Bank of Iraq (CBI) authorizes.

 Before transferring cash to the specified Iraqi organizations, the Federal Reserve has to authorize these transfers and the related commercial activities.

 In order to provide the CBI and Iraqi businesses additional alternatives, Al-Kadhimi added that the parliamentary finance committee will push the CBI to address this problem and diversify its currency basket.

 In February 2023, the CBI announced that the financing of foreign trade with China will be regulated directly in the Chinese yuan through two options.

 The first option includes strengthening the balances of Iraqi banks that have accounts with Chinese banks in the Chinese yuan, while the

 second option includes strengthening the balances of Iraqi banks through the accounts of the CBI, in the Chinese yuan, with the J.P. Morgan bank, and the Development Bank in Singapore.

 Later in 2023, Iraq enhanced its balances in the yuan currency through the Singapore Development Bank to finance the country’s trade with China by about $12 billion annually.

 Baghdad also increased its assets in UAE dirham and was negotiating to increase its balances in euros to finance trade with the European Union.    https://www.iraqinews.com/iraq/iraq-suspends-banking-transactions-in-chinese-yuan/    

Drilling Techniques And Oil Reserves

Economical 07/24/2024  Walid Khaled Al-Zaidi   It is an axiom of work in oil fields that advanced, highly efficient drilling mechanisms produce important results at the level of extraction and new discovery, especially the quantities of reserve crude that lie in the depths of those fields and in the southern regions in particular.

 This is confirmed by a group of specialized geologists that the statistics are based to a large extent.

 To data estimated decades ago that unexplored fields in Iraq may contain much larger oil reserves than originally indicated, and

 Iraq may exceed its fifth place in the world in terms of oil reserve quantities at the level of oil-rich countries.

 What reinforces these indicators are the actions taken by the Ministry of Oil these days and by updating Drilling mechanisms in some southern fields through the inauguration of the giant drilling rig in Iraq, which operates with a power of up to (2000) horsepower, in the Majnoon field specifically.

 The impact of the drilling process with this device, which is the largest in Iraq, has many benefits that other less powerful devices have not been able to achieve, and

 its positive effects on the production process in the aforementioned field are worthy of attention because it is characterized by a superior ability to drill greater depths compared to devices with less power than it,

 because all its equipment Manufactured with high technology for the purpose of reaching deep levels of drilling operations that can achieve the desired purpose, which is mostly drilling exploratory and appraisal wells,

in addition to the technical technology to address situations and problems that may occur during drilling operations deep into the targeted wells, as well as

 providing geological information about the rock layers that can be It adds new numbers to the size of national reserves in addition to what was confirmed in

 previous statistics that showed that Iraq is ranked fifth among the best countries that possess growing oil reserves,

 according to statistics from the Italian oil company Eni, and among the ten largest countries in the world, with an amount of (145) billion barrels, before Approximately two years, with a growth rate that can change upwards

 The modern uses that the Ministry of Oil is working on, through its well-drilling company, have all the possibilities at the level of new exploration, including recording modern numbers in the field of field reserves in all regions of Iraq, and on an increasing basis, after widely varying estimates regarding these indicators and through the numbers of the US Department of Energy before For almost two decades, I indicated that Iraq has (112) billion barrels of reserve.

The US Geological Survey previously estimated Iraqi oil reserves at (78) billion barrels in 1995,

 but local oil sources expected at the time that the potential reserves might reach (300) billion barrels.

 After these indicators, evidence comes to indicate beyond doubt that the actions and procedures of those in charge of the oil sector, and through modernization and investment in drilling operations, lead to the fact that the levels of oil reserves in Iraq are rising in a proportional manner with those procedures and through the great efforts that the Ministry of Oil seeks to achieve development goals.

 Determining the graphical indicators for everything related to this field and the successes it can achieve in the long term, which will bring oil, which is the vital economic factor, to great positive effects on the comprehensive development of our country.     https://alsabaah.iq/99883-.htm

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Wealthy Beginnings: How the Rich Raise Their Babies Differently

Wealthy Beginnings: How the Rich Raise Their Babies Differently

July 7, 2024 5 by  Cindy Lamothe  Edited by  Ashleigh Ray

Raising babies takes a lot out of you — emotionally, physically and financially. Rich parents are often better equipped to handle the toll because of one simple thing: resources.

“Wealthy families do not automatically make better parents, but they do have access to more support and therefore more time than most,” said Christine Landis, a former CEO of a global fintech company, a parent of two children and the founder of Peacock Parent.

Having this additional time and support allows both parents to be less resentful, and more present with their kids (and each other). Keep reading to see just how the wealthy raise their babies differently

They Count on a Full Staff of Helpers

“Ask any parent, and they will tell you that time is the ultimate luxury in parenthood,” explained Landis. “And this is exactly what wealthy parents can buy more of — time — in the form of delegation and outsourcing in parenthood.”

For example, wealthy families typically have multiple nannies, family assistants and private chefs to help with the duties typically expected of parents.

According to Landis, “The nannies work early morning shifts on weekends to allow the parents to sleep in together — a true luxury in parenthood — help with school drop off and pick up schedules and help keep the kids away from screens with good old fashion entertainment — like reading the same book over and over again.”

Family assistants also help maintain the household supplies, make doctors’ appointments and complete school paperwork — all the things that have to get done, but not necessarily by the parent.

“The private chef comes 3 times per week and handles the entire meal planning for the family — not just the kids — and saves both parents time and energy from grocery shopping, unloading, prepping, cooking and cleaning up meals for everyone.”

They Hire a Night Nanny

One of the most distinctive practices among wealthy parents is hiring a night nanny. This practice allows parents to ensure that they get adequate rest while their newborn is cared for by a professional during the night.

Head of growth at GoSummer, Dennis Shirshikov called this benefit multifaceted because “… parents are able to maintain their productivity and mental health which is crucial for those managing businesses or high-stress careers.”

TO READ MORE:  https://www.gobankingrates.com/money/wealth/how-the-rich-raise-babies-differently/?utm_term=incontent_link_3&utm_campaign=1278834&utm_source=yahoo.com&utm_content=9&utm_medium=rss