Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?

Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?

On July 29, 2024 By Awake-In-3D

Maybe Canada should consider Joining the BRICS gold-backed currency system – if only Canada had some gold.

Once a beacon of prosperity and stability, Canada now faces unprecedented challenges.

The nation’s standard of living is plummeting, economic policies are under intense scrutiny, and an increasing number of Canadians are considering leaving the country.

In This Article

• Canada vs. Japan in a Currency Race to the Bottom

• The Decline of Canada’s Standard of Living

• By the Numbers: Canada’s Current Economic Disaster

• Trudeau’s Economic Policies and Their Impact

• Future Prospects for Canada’s Economy

Of course the United States is also in serious decline. However, Canada does not have the luxury of having the world’s reserve currency.

Nor does Canada hold a single ton of gold in her sovereign monetary reserves.

This article details Canada’s troubling decline, offering a comprehensive look at the forces reshaping the Great White North.

Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.

The study compared the three worst periods of decline in Canada over the last 40 years – the 1989 recession, the 2008 global financial crisis, and the current post-pandemic era.

Unlike the previous recessions, Canada is not recovering this time. Something broke.

In fact, according to the Financial Post, since 2019, Canada has had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.

Canada vs. Japan in a Currency Race to the Bottom

While both Japan and Canada are major global economies, neither country’s currency is faring very well against King Fiat Dollar this year.

The Canadian Dollar has lost 4.34%of its value year to date while the Japanese Yenb has depreciated 8.43% against the US dollar (see charts below).

CAD/USD Year to Date

JPY/USD Year to Date

While Japan’s 250% debt to GDP is a catastrophic problem with no way out, at least they have built up their sovereign gold reserves to 846 tons as of March of 2024.

Canada, on the other hand, has absolutely zero gold reserves. What are they thinking?

As I will explain below, holding no gold reserves is only the tip of the iceberg as the economic disaster unfolding in Canada paints a very dangerous future for my friends in the Great White North.

The Decline of Canada’s Standard of Living

Canada’s per-person real GDP is still falling, and with a looming US recession, Canada could crash again before it ever recovers.

The US accounts for 75% of Canada’s exports, making its economic health crucial to Canada’s prosperity. Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings.

Additionally, StatsCan reports that Canada’s violent crime rate is up 40% since 2014.

An Ipsos poll found that 7 in 10 Canadians agree that “Canada is broken,” rising to 8 in 10 for those between ages 18 and 34.

The Angus Reid Institute found that 42% of Canadians are considering moving to another country.

By the Numbers: Canada’s Growing Economic Disaster

• Canada’s standard of living is on track for its worst decline in 40 years.

• Since 2019, Canada has had the worst growth out of 50 developed economies.

• Inflation-adjusted Canadian wages have been flat since 2016.

• Canada’s per-person real GDP is still falling.

• The US accounts for 75% of Canada’s exports, impacting Canada’s economic health.

• Canadian bankruptcy filings jumped 40% last year.

• Nearly half of Canadians have zero emergency savings, according to CIBC.

• Government spending has nearly doubled to almost half of GDP.

• Government workers in Canada are growing almost four times faster than the private sector.

• One in three Canadians now work for the government, earning 30% more in salary and benefits than private-sector counterparts.

• Food inflation in Canada is up 25% since the pandemic.

• Energy costs in Canada have risen 30%, partly due to a carbon tax.

• Sales tax in most Canadian provinces is 13 to 15 percent on everything you buy.

Trudeau’s Economic Policies and Their Impact

Justin Trudeau’s administration has been marked by significant changes in economic policy.

Trudeau’s campaign aimed to convert Canada from a mixed economy like the US into a government-dominated economy similar to some European countries.

Under Trudeau, business investment has plunged by a third, while government spending nearly doubled to almost half of GDP.

Canadian Prime Minister Justin Trudeau. Source: True North News

Government workers in Canada are growing almost four times faster than the private sector, and one in three Canadians now work for the government, earning 30% more in salary and benefits than their private-sector counterparts.

This has made it challenging to win an election on a small-government platform, as 40% of voters are directly dependent on government-provided livelihoods.

Future Prospects for Canada’s Economy

In the near term, things will likely worsen because Canadians are stuck with Trudeau through the next election in 2025.

Conservative leader Pierre Poilievre is currently ahead in the polls, but government-funded media efforts to undermine him are narrowing his lead.

This suggests continued inflation, economic decline, mass migration, and rising crime.

Pierre Poilievre, leader of the “Common Sense Conservatives” speaks at a 2023 Town Hall meeting in Nova Scotia. Source: The Laker News

The Bottom Line

Canada is facing a critical period of economic and architectural decline. With flat wages, rising living costs, and a struggling economy, Canadians are experiencing one of the worst periods of decline in recent history.

The future of Canada’s economy remains uncertain, but addressing these issues is essential for restoring prosperity and stability.

Contributing Sources: 

• https://brownstone.org/articles/canadas-worst-decline-in-40-years/

• https://www.fraserinstitute.org/sites/default/files/changes-in-per-person-GDP-Income-1985-to-2023.pdf

• https://financialpost.com/news/canada-standard-of-living-faces-worst-decline-40-years#:~:text=A%20leader%20among%20the%20so,rate%20among%2050%20developed%20economies.

• https://thehub.ca/2024/07/23/theo-argitis-taking-stock-of-canadas-complicated-economy-before-tomorrows-bank-of-canada-decision/

=======================================

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BRICS to Leave World Bank: What are alternatives?

BRICS to Leave World Bank: What are alternatives?

Fastepo:  7-30-2024

Are the World Bank and IMF Truly Serving the Global South, or Is It Time for Change? The effectiveness of the World Bank and the International Monetary Fund (IMF) has come under increasing scrutiny from BRICS nations, which argue that these institutions are dominated by Western interests and fail to address the needs of developing countries.

Critics highlight the stringent loan conditions imposed by the World Bank and IMF, which often do not align with local priorities and can exacerbate economic and social challenges.

Indian Prime Minister Narendra Modi has publicly criticized the World Bank's governance structure, describing it as outdated and disproportionately favoring Western nations. Modi has called for a more equitable system that provides greater representation and decision-making power to developing countries.

This stance reflects India's broader push for reforms in international financial institutions to ensure fairer treatment of emerging economies.

South Africa's experiences with the World Bank have also been contentious. The country has faced significant challenges due to the stringent conditions attached to World Bank loans, particularly those affecting its economic policies and social programs.

In the 1980s and 1990s, South Africa was subject to structural adjustment programs mandated by the World Bank and IMF, which included austerity measures, privatization of state-owned enterprises, and trade liberalization. These policies are widely believed to have undermined South Africa's economic sovereignty and increased social inequalities.

 Nobel laureate economist Joseph Stiglitz has been a vocal critic of the IMF and World Bank, particularly in the context of Russia. Stiglitz argues that the rapid privatization and market liberalization policies advocated by these institutions in the 1990s led to severe economic and social turmoil.

These policies resulted in a significant decline in GDP, increased poverty rates, and greater economic inequality, with a dramatic fall in life expectancy and rising unemployment.

 Critics argue that the World Bank's policies perpetuate Western influence, marginalizing the unique economic contexts of Global South nations.

 In response, BRICS has established the New Development Bank (NDB) to support infrastructure and sustainable development projects, providing an alternative to traditional financial institutions.

Geopolitical considerations also play a crucial role in BRICS' stance. The bloc's resistance to Western sanctions and efforts to trade in non-dollar currencies illustrate its push for a more equitable global financial system.

These actions underscore the growing desire among BRICS nations to reduce dependency on the US dollar and create a more inclusive economic order.

This video explores the criticisms of the World Bank, examining its historical Western control and the contentious programs that have had mixed impacts on global development.

 It delves into the reasons behind the Global South's shift towards alternatives like the NDB, emphasizing the need for financial systems that support more sustainable and equitable growth.

https://www.youtube.com/watch?v=XWBcZ1FkQdY

Coffee with MarkZ and Andy Schectman. 07/31/2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Coffee with MarkZ and Andy Schectman. 07/31/2024

Member: GM everyone. Love Peace and Joy to all

Member: This is the day the lord has made and we will rejoice and be glad in it!

Member: Any RV news overnight Mark?

Member: MilitiaMan posted twice yesterday

MZ: I can tell you the news coming out of the Kurdish region is great. “The Kurdish government resolved the crisis with Wisdom”  He says Baghdad has no excuses left. They are talking about the HCL and say they have resolved it. They expect Baghdad to rubber stamp the HCL. (Hydro Carbon Law)  I imagine MM is pretty excited this morning.

MZ: We were always told that within hours or a few days they would release the RV after the HCL is finished. It’s a key piece for moving forward with their reforms.

Member: Militia Man's new video IQD Update - Iraq Dinar News - Time to Move - US FED - Not able to Wait - A Moments Notice #2

MZ: I will reach out to MilitiaMan and see if we can bring him on this week.

MZ: I am told they will have the HCL pounded out, signed and official between now and August 5th.

MZ: There is lots of positive chatter from the Iraqi banking sector that they could go(RV?) within that time frame…..fingers crossed …I still hope they roll it out today….It would sure make me feel better.

Member: we are just waiting for the green light to go. everything is ready. let's gooooooooo

Member: I am busy this weekend...can we get notifications today and exchange tomorrow please? Lol

Member: I wonder- Will the pipeline to Turkey go operational when the HCL is signed, sealed and delivered?

MZ: “US Military launches first military airstrike in Iraq in months” They say it was against “Iranian sponsored terrorists.”  In Iraq that had targeted US forces. This should not affect timing….it is against rebel forces that Iraq doesn’t want there either.  We will keep an eye on it.

Member:  (From Dinar Guru) Guru Mnt Goat  ... to get their currency reinstated for Iraq, it is an uphill battle. They must fight, fight these globalists. But some of the problems stem from themselves too as there are measures they could have taken to further manage the dollar, curb corruption and money laundering. But they didn’t.  There are also timelines in the strategic plan to get to the reinstatement that have not been met and need to move ahead now.

MZ: I believe that is correct.

MZ: Bond contacts are still silent.

Member: Has Reno started?

MZ: Not sure how to answer that question

Member: Which bank is safest to keep our exchanged money in?

MZ: If we get the QFS- we won’t have to worry about that. And it will be up to you which bank to put some in to use their “Wealth Management” crew.

Member: My credit union told me 2 years ago they were switching th the QFs

MZ: I surprised more people havn’t noticed all the changes happening to the bank system

Member: Bank story but not the kind we truly like to read about: Credit union app is down which means remote depositing is down. Perhaps it’s just a software issue & nothing to get excited about. But …

Member: Every city I drive thru in NorCalifornia suddenly has one or more new BMO banking centers. A few new tiny Chase centers as well. BMO = Bank of Montreal? Tempted to go in and ask what's going on...

Member: Both of my palms are itching/burning: left: MONEY is coming and Right: Shaking hands with a stranger.. that sounds like a visit with a Banker.. js Let's Go!!

Member: Will the Venezuelan Bolivar RV?

Member: I believe it’s supposed to be in the first basket.

Member: Prayers For our mods and all who come to hear Markz, Mark you are appreciated

Member: Everyone have a wonderful day

Andy Schectman from Miles Franklin jouns the stream today. Please listen to the replay for his opinions and information.

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

For IMPORTANT updates on podcasts, INTEL, and EVENTS, Koukla posts updates for Mark, with this info on Mark's Intel room in Telegram. Join and stay updated daily at: https://t.me/+K_GNVfTI0gFkZWYx

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

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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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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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MilitiaMan: IQD Update - Iraq Dinar News - Time to Move - US FED - Not able to Wait - A Moments Notice #2

IQD Update - Iraq Dinar News - Time to Move - US FED - Not able to Wait - A Moments Notice #2

MilitiaMan and Crew:  7-31-2024

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=EcHMhxdHg3I

Iraq Economic News and Points To Ponder Wednesday AM 7-31-24

Experts: The Stability Of The Dollar Depends On The Creation Of A “New Platform” With Iran And Syria

Economical 07/31/2024  Baghdad: Ahmed Al-Janabi   Financial and economic specialists believe that the stability of the dollar exchange rate depends on creating a new platform for trade with Syria and Iran, and dealing with countries banned from the dollar in another currency. Euro or Chinese yuan.

 Yesterday, the exchange rate in the parallel market recorded 149 thousand dinars for 100 dollars, although the official price in the Central Bank is 132 thousand dinars for every 100 dollars. Economic affairs researcher Mustafa Al-Faraj said in a statement to Al-Sabah that  “the parallel market for the dollar is facing great pressure.”

By merchants and travelers to Iran, Syria, and other countries banned from the dollar,” noting that  “this increases the demand for the dollar and thus prices rise.” 

He pointed out that  “the solution to this problem lies in finding a new platform with those countries and   dealing with them in a currency other than the dollar, such as the euro and the yuan,   with the importance of finding an appropriate formula for the US Treasury  that removes sanctions from our banking sector.” 

Al-Faraj explained that  “Iraq lacks economic diversification and depends entirely on oil, which has weakened other economic sectors,” explaining that supporting the productive sector can limit the depletion of hard currency imports.

 For his part, the official spokesman for the currency market in Sulaymaniyah, Jabbar, explained  Curran said,  “The rise in the dollar this time is not linked to a political or economic crisis or external factors, but rather  it is linked to the actions of the Central Bank of Iraq, and it is possible that the bank will control this.” Height".

He called on the Central Bank to “take sufficient measures that can reduce the scarcity of the dollar in local markets.”

 In addition, economic affairs researcher Alaa Al-Fahd expected a gradual decline in the dollar exchange rate in the coming days, explaining that

this rise is common with the implementation of any new policy by the Central Bank of Iraq, as speculators try to exploit this in order to increase their gains.  He added,

"The Central Bank of Iraq has discussions and procedures with the US Federal Bank in order to control the exchange rate in the parallel market, and we hope that these discussions will produce positive results."     https://alsabaah.iq/100272-.html

  At An American Request, The Iraqi Central Bank Is Moving To Merge Banks Prohibited From Dealing In Dollars

 Economy     breaking     US Department of the Treasury     Central Bank of Iraq     US sanctions     Iraqi banks   2024-07-30   Twilight News/ Informed sources revealed, on Tuesday, the existence of a new American request to the Central Bank The Iraqi bank includes merging banks banned from dealing in dollars in the currency auction.  She said Sources told Shafaq News Agency,

 “The US Treasury and the Federal Reserve A request from the Central Bank of Iraq to merge and close banks restricted from using the dollar Some distressed banks.

She added Sources said,   “The Central Bank of Iraq is required today to take rapid measures to merge And closing troubled banks in order to return to banking, which reflects positively on The exchange rate, and for this reason the

Central Bank contracted with an international company to present a plan for the sector Banking, which will include merging banks and closing some of them.”  And revealed Informed sources said,

 “This company, on the recommendation of the Americans, is similar to the work of K2 Company, without revealing its name or disclosure more details".  https://shafaq.com/ar/اقتصـاد/بطلب-مريكي-المركزي-العراقي-يتجه-لدمج-المصارف-الممنوعة-من-التعامل-بالدولار    

Nassif: The Banking Sector Is Being Punished For Mistakes Made In Previous Years

Member of Parliament Alia Nassif commented on Tuesday after granting a license to the Arab Jordanian Bank and the Emirates Federation to work in Iraq, stressing that this method is killing Iraqi banks.

Nassif said in a tweet on the (x) platform, this method is killing Iraqi banks. A license was granted to the Arab Jordanian Bank and the Emirates Federation to work in Iraq and they will start their work at the beginning of next September, along with the National Bank.

The license will also be granted to two banks (Kuwaiti and Qatari), while many Iraqi banks continue to stop and more of them are stopped due to the management of the Central Bank of Iraq, which did not address the problem during the past period.

She added: Paying them money without results. The banking sector is being punished for mistakes for previous years in which it was under the supervision of the same current management of the Central Bank, so why was this management not punished for failing to fulfill its duty to supervise the work of those banks?!   https://www.radionawa.com/all-detail.aspx?jimare=39029

Iraq’s Reserves Of Liquefied Gas Rise To More Than 133,000 Tons

    Amr Salem July 30, 2024 An employee turns a valve at the Nahr Bin Omar natural gas field, north of the southern Iraqi port of Basra. Photo: AFP

Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil revealed on Tuesday that its output of liquefied gas had increased to over 7,000 tons and that its reserves had reached over 133,000 tons.

 The Oil Ministry’s Undersecretary for Gas Affairs, Izzat Saber, mentioned in a statement that the daily production rate of liquefied gas in Iraq reached 7,370 tons.

 The Iraqi Prime Minister and the Oil Minister both support the gas industry, Saber said, adding that

 the government’s gas utilization projects are the reason behind the increase in liquefied gas output.

The Director of Iraq’s Gas Filling and Services Company, Anmar Ali Hussein, said that the company succeeded in meeting the needs of citizens and service sectors in the capital, Baghdad, and the rest of the Iraqi governorates.

 Compared to the daily rate of gas consumption in Iraq, which is 5,700 tons, there is a surplus in the quantity of gas generated nationwide, according to Hussein.

According to the government plans, Hussein said, there will be several initiatives in the upcoming stage that will aid in the expansion and development of the gas industry.  

https://www.iraqinews.com/iraq/iraqs-reserves-of-liquefied-gas-rise-to-more-than-133000-tons/    

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

You Can Now Withdraw $1K From Your 401(k) Penalty-Free — but You Still Shouldn’t

You Can Now Withdraw $1K From Your 401(k) Penalty-Free — but You Still Shouldn’t

Gabrielle Olya  Tue, July 30, 2024  GOBankingRates

As of the beginning of this year, the Secure Act 2.0 allows Americans to withdraw up to $1,000 from tax-advantaged retirement accounts to pay for “unforeseeable or immediate financial needs relating to necessary personal or family emergency expenses” without having to worry about an early withdrawal penalty.

While this can serve as a financial lifeline, some financial experts caution against tapping into your retirement savings to cover emergencies. Here’s why you may want to think twice before making a withdrawal from your long-term savings.

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.

The Downsides to Making an Emergency Withdrawal From Your Retirement Fund

If you need money ASAP, making an emergency withdrawal from your retirement savings might seem like a no-brainer.

“A hardship withdrawal can give you immediate access to the money you need without having to worry about paying it back,” said Mindy Yu, director of investing at Betterment. “This can be a lifesaver if you’re facing urgent, dreadful financial challenges, like unexpected medical bills or the threat of foreclosure on your home. However, an emergency withdrawal from your retirement savings can have several downsides and long-term impacts.”

It’s important to keep these downsides in mind before taking out any funds.

Reduced Retirement Funds

“The most immediate impact is a decrease in your retirement nest egg, reducing the amount of money available when you retire,” Yu said.

Delayed Retirement

If you rely on these withdrawals too often, you may not be able to retire when you want to.

“Reduced funds may result in having to work longer to compensate for the shortfall,” Yu said.

Missed Earnings Potential

Money in your retirement savings account compounds over time, so when you withdraw funds, you also miss out on that money’s future earnings.

“Emergency withdrawals can disrupt the time your money is invested in the market, affecting long-term savings goals,” Yu said.

“Because of these reasons, careful consideration and exploring other financial avenues are crucial ahead of deciding to withdraw from your retirement savings,” she noted.

Alternatives to Tapping Into Your Retirement Savings

https://www.yahoo.com/finance/news/now-withdraw-1k-401-k-150125060.html

News, Rumors and Opinions Wednesday AM 7-31-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 31 July 2024

Compiled Wed. 31 July 2024 12:01 am EST by Judy Byington

Judy Note: On Tues. 30 July 2024 the US National Debt (to the Deep State Cabal) hit over $35 Trillion. Although Congress was legally liable to pass and conform to a budget each year, they have never done so to my knowledge during my 80 year lifetime.

The British Crown then sent the US Taxpayer monies on to the Vatican Bank, where the Black, Grey and White Popes then used it again for their own purposes, and then sent our monies on to their Central Banks across the World – where Bankers made even more money off of US Taxpayers.

About a month later the US Taxpayer monies were returned to a Cabal Deep State owned bank in New York, where they charged us Taxpayers interest in order to use our own monies to pay their private corporation US Inc. employees.

That’s where the National Debt came from: Over $35 Trillion in debt of Taxpayer Monies caused by the Cabal, was now owed to the Cabal.

Members of the US Congress were well aware of this corrupt financial system that has been in place since 1913, yet have been blackmailed and paid big monies to not do anything about it – which they don’t, never have and seem to have had no incentive to change the system in the future….

 Soon we will be going back to 1955 prices: The value of $8,000 in 1955 was approximately equivalent to $85,896.23 in today’s money, adjusted for inflation.

~~~~~~~~~~~~

Tues. 30 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Tier4b (us, the Internet Group) could get notified to set redemption appointments on Wed. 31 July and start appointments on Thurs. 1 Aug, or be notified on Thurs. 1 Aug and start appointments that same day.

On Tues. 30 July Bankers and Paymasters tied into Wells Fargo, Bank of America and HSBC were working to get information, consolidate procedures and finish.

Paymasters have been paying out Bond Holders.

A US Treasury Email came out tonight to Paymasters that told them to key in their codes and ID to fund the rest of their Bond Holders, but the computer wouldn’t let them complete the transaction. They were told to wait until morning to finish the job.

We have been told that the Restitution and Reclamation Allowances will be paid out the first week in August – which is, of course, this week.

Paymasters have said that everything is completed and Iraq is ready.

When Tier4b is paid we will be hydrating the banks.

~~~~~~~~~~

Tues. 30 July 2024 Wolverine

Tues. 30 July 2024 Wolverine: “Heard from the Asian country that Wednesday is D day – liquid for them – spendable money to their members. It will be very emotional for all of you guys. I want you to get ready as Tier4B is coming, I can assure you of that.  Keep an eye on your emails as well.  This will be the biggest transfer of wealth in the history of mankind and all of you are part of it – Always thank the person who invited you, to this incredible blessing, to be called by God to change the world. I, for one, will help the people in Venezuela to help their suffering. God bless you.” …Wolverine

~~~~~~~~~~~

Tues. 30 July 2024 Mr. Pool on Telegram:

As I see it, we are waiting for some public announcements to come forth including:

1.  Public announcement of the USN on the gold and asset standard

2.  Public announcement of the new USN notes money supply

3.  Public announcement of USN bills paid.
     a. Iraq has a trust problem with the US.
     b.  They need to see items 1-2 and three above publicly announced So they can go forward.

4.  Public announcement of the new Iraq international Dinar rate

5.  Public announcement of the new Iraq international data rate published in The Gazette

6.  Public announcement of Nesara

7.  Public announcement of Gesara

8.  Public announcement of Biden gone

10.  Private announcement of RV notifications including 800 numbers and Starlink a.  Private announcement of tier 3 liquidity and spendable. b.  Private announcement for liquidity of all tiers

11.  Public announcement of the following
     a.  Social Security increase and change of system
     b.  Reclamation monies
     c.  Debt forgiveness jubilee
     d.  Other funds as applicable

We should begin to see these flowing out in the soon coming immediate future

There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.

Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.

See you on the other side. The other side is the Promised Land. Are you truly ready?

Read full post here:  https://dinarchronicles.com/2024/07/31/restored-republic-via-a-gcr-update-as-of-july-31-2024/

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

Jeff  The World Trade meeting...July 18th, that's their 3rd World Trade accession meeting.  They waited 16 years for that meeting.  16 years.  Reason why is because there's conditions and requirement that have to be met for that meeting.  A tradable convertible currency...they cannot be under US/UN sanctions.  That's why they've waited 16 years for that meeting...Everybody's who's on the board of directors and members board will only have until August 15th, this was in print, to get their comments submitted for this World Trade accession...

Militia Man  Article: "Paralyzed for 19 years.. Parliamentary optimism about passing the most important laws in Iraq"  Quote: “The oil and gas law is the most important of the suspended laws...this issue will be resolved in the coming days.”  There is absolutely no coincidence that this law is on the table now...We never know what the coming days will mean. However, with...where Iraq is in her reforms and the loss of revenues from the Kurdistan Region, the pressure has been mounting for results needing to take place and quickly. This is a very good sign of things to come and likely first or at the same time...

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

One Million IQD at 80 Cents Equals How Much in Profits and Taxes?

Edu Matrix:  7-30-2024

One Million IQD at 80 Cents Equals How Much in Profits and Taxes? For IQD Investors and US Taxpayers, Here's the Scoop and What You Will Need to Do

https://www.youtube.com/watch?v=X21WZbj9H0A

MilitiaMan: IQD Update - Iraq Dinar News - Iraq Dinar News - Time to Move - US FED - At Moments Notice

IQD Update - Iraq Dinar News - Iraq Dinar News - Time to Move - US FED - At Moments Notice

MilitiaMan and Crew: 7-30-2024

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=Dx6gVI9LfXA

Evening News with MarkZ joined by Jeff Rahm. 07/30/2024

Evening News with MarkZ joined by Jeff Rahm. 07/30/2024

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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Iraq News Highlights and Points To Ponder Tuesday Evening 7-30-24

Hasty Implementation... Who Bears The Responsibility For The Mistakes Of Government Projects?

Tuesday, 07-30-2024, Karar Al-Asadi   Since Prime Minister Mohammed Shia al-Sudani announced the implementation of projects, including plans to relieve traffic congestion in the capital, Baghdad, the construction, building of bridges and overpasses, and widening of streets have been marred by many shortcomings and errors, which led to some of them being repaired shortly after their opening, or details being added to them, which raised several questions about the priority of speed of completion at the expense of quality.

However, observers considered the matter, despite that, a step forward in the reconstruction process. Regarding these errors, economic researcher Mustafa Akram Hantoush points out that “the occurrence of some errors does not affect the good service construction and development movement of Baghdad Governorate, and if errors occur, they can be addressed and what the government has done regarding the bridges issue can be considered an achievement because if it were not for the current trend, the Baghdad Municipality would not have built any of these bridges.”

Hantoush believes that “the Iraqi government is very good with regard to bridges and some issues related to infrastructure. In fact, we have never seen anything similar from previous governments. The Baghdad Municipality often received money to transfer it to replacing sidewalks on an ongoing basis, so no bridges or gates were built.”

It is noteworthy that the Prime Minister announced at the beginning of 2023 the commencement of a package of projects, starting with supplying residential areas on the outskirts of Baghdad and slums with infrastructure, including sewage, water, electricity and road paving networks, while launching a plan to relieve traffic congestion, which includes the construction of a number of bridges and overpasses and the expansion of many streets.

For his part, political analyst Hassan Fadel says, “Some of the failures that occur in completing the projects implemented by Al-Sudani’s government are not directly borne by the government, nor by Mr. Al-Sudani himself, but rather are primarily borne by the Ministry of Construction and Housing, because it is necessary to evaluate the companies implementing the project according to standards set by the ministry before approving the bids of the implementing companies.”

“Among these criteria, this company must have implemented similar projects and possess the capabilities, tools, experts and engineers.

 This means that the company submitting the bid has previous experience in similar projects, is it a company that has been working in this field for years, does it have sufficient experience or is it a new company, and what is the nationality of this company?        These criteria and others must be taken into consideration to avoid these mistakes in the future,” Fadel added.

“The Prime Minister is trying to fix what was spoiled by years of government failures, but all the projects undertaken by the current government fall within its duties and cannot be considered achievements, because the achievement is the realization of huge strategic goals such as the development road and the Grand Faw Port, which can be classified among the huge strategic achievements and projects if they are completed,” he added.

“As for building bridges and factories, these are routine procedures that every government in the world undertakes, and they cannot be classified as achievements. Rather, building bridges and overpasses is the duty of the Baghdad Municipality and the Ministry of Reconstruction and is within their powers, and sometimes there may be a simple intervention from the Prime Minister, not a large-scale intervention,” he added,

“but because of the situation in Iraq and the nature of the circumstances it has suffered, the government was forced to intervene in such small projects that are of lower responsibilities in order to speed up completion and achieve a solution to the problem of traffic congestion and bottlenecks, and therefore these projects are not considered achievements.”

The General Traffic Directorate had previously announced the closure of the Cordoba Bridge in central Baghdad for maintenance purposes, four months after its opening, in addition to the completion of the Rustumiyah Bridge in Baghdad without channels to drain rainwater.

The Federal Integrity Commission had previously announced the failure of most of the electronic gates in parking garages in Baghdad and the governorates, after costing the state about eight and a half billion dinars.

Regarding the malfunction of these electronic gates, legal expert Adnan Al-Sharifi comments, “What is related to the malfunction of the electronic gates is either due to poor equipment or exposure to electronic hacking or sabotage by an agent.

 If it is a sudden malfunction, this is a normal thing that may happen anywhere, provided that the materials of these gates are equipped and implemented according to good controls, contracts and specifications. However, if it is due to an agent, the investigation will reveal his identity and he will be referred to the competent authorities.”

He continued, “As for the poor quality of the projects, it is divided into two parts. The first is the poor quality of the plans, quantity schedules, and engineering specifications, which is the responsibility of the party that carried them out.

The second is the poor quality of the implementation, which is due to the collusion of the resident engineer, the supervisory authorities, and the receiving committees. All of these bear full responsibility for the intentional damages and will be held accountable in accordance with Articles 341 and 340 of the Penal Code, and as the results of the investigation show.” https://non14.net/public/168799

Alsumaria Publishes The Dollar Exchange Rates In The Iraqi Stock Exchanges Today

Economy  2024-07-30 |  Alsumaria News – Economy  Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local Iraqi markets for Tuesday, July 30, 2024.

The dollar prices decreased with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,000 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 150,000 dinars, while the purchase price reached 148,000 dinars for every 100 dollars.

On February 7, 2022, the Council of Ministers  announced its approval to amend the dollar exchange rate to 1,320 dinars per dollar.

For about a year, specifically since the Central Bank began operating the electronic platform and the international financial transfer system "SWIFT", the dollar exchange rate in Iraq has not witnessed stability despite the government and the Central Bank's attempts to control the exchange rate in parallel markets.   LINK

Al-Sadr Calls For Boycotting American Products And Those Supporting The Israeli Entity: Peacefully, Not Through Violence

Politics | 07/29/2024  Mawazine News – Baghdad  The leader of the Shiite National Movement, Muqtada al-Sadr, called today, Monday, for boycotting American products and goods that support the Israeli entity, while stressing the need not to use violence as some parties that want to destroy Iraq are doing.

In response to a question directed to the leader of the Shiite National Movement, which read: “What is your advice to all Muslims and Iraqis in particular regarding boycotting American goods and goods that support the usurping Zionist entity, in support of the people of Gaza in particular and Islam and humanity in general?”

Al-Sadr said the following text: “Yes, all believers in the Palestinian cause, all lovers of humanity, and all those who reject the mass massacres taking place in Gaza, and all those who reject the terrorist Zionist entity, its actions, crimes, and terrorism, and its master, America, the great evil occupier who hates peoples, should boycott all products that support Israel, America, colonialism, and the unjust global arrogance that is trying to make the world a village in its hands like a toy...

Boycotting them inside and outside Iraq is an act that pleases God Almighty and even pleases our consciences as Muslims and lovers of humanity and peace...

All of this is done through a peaceful boycott by not selling, not buying, or even using them... and not using violence as some parties do that want to destroy our beloved Iraq and benefit personally and partisanly from that in: #We are all boycotting.”   https://www.mawazin.net/Details.aspx?jimare=252290

Government Advisor: Adopting Budget Schedules Has Become A Reality And Does Not Affect Financial Obligations

Money  and business  Economy News – Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the budget schedules have become a reality, and issuing instructions is a procedural matter that does not affect financial obligations.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the legal basis for the current fiscal year 2024 is a matter that has been legislated and approved primarily, based on the provisions of the federal general budget for the years 2023, 2025, 2024 issued by Law No. 13 of 2023, which was published on June 26, 2023 in the Official Gazette."

He explained that "what is stipulated in Article Two / 77 of the law includes the executive authority submitting the financial tables for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially," noting that "this was achieved in the fiscal year 2024."

He pointed out that "the three-year federal general budget was applied for the first time in the country, which was based in its approval on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which authorized the work of a financial plan consisting of a general budget for three fiscal years."

He added that "the legal options available to implement the provisions of the federal general budget have become more flexible for the federal financial authority, in addition to the availability of the federal financial management law itself, which allows financial transactions even if any approval of the general budget formalities is delayed in principle, especially allowing continued spending or disbursement on investment projects approved in the three-year general budget as ongoing projects, as well as operational spending, or any financial transactions stipulated in the three-year general budget law."

He added, "Despite this, the adoption of the financial tables for the current fiscal year 2024, which were approved by the House of Representatives earlier this year, has become a reality, and issuing instructions for their implementation is a procedural matter that does not affect the obligations of the fiscal year itself, as these instructions are in all cases consistent with the emerging financial transactions when issued."

He added that "the Ministry of Finance announced earlier this month the issuance of financial bonds (achievement bond) as a source of financing for the budget by borrowing from the local financial market worth 1.5 trillion dinars,"

stressing that "spending on operating expenses such as salaries, pensions, social care, debt services, and others is ongoing, in addition to the continued financing of ongoing investment projects and those under implementation."

He pointed out that "all of these activities are financial activities in which spending has not stopped, which is consistent with the legal work rules that came with the three-year federal general budget, with high flexibility, transparency, and governance."

He noted that "the instructions for implementing the general budget schedules for the fiscal year 2024 will touch upon some of the developments and partial financial transactions that have been created or adapted, and not the faculties of public finance,

and that the financial activity in the country with its three pillars: revenues, expenditures, and deficit management is proceeding in a consistent and harmonious manner and in accordance with the objectives of the three-year general budget law, and that the executive and legislative authorities are in continuous communication and high coordination to ensure the achievement of public interests without interruption." Views 14  Added 2024/07/30 - https://economy-news.net/content.php?id=45743

These Are the 6 Most Common Money Questions

I’m a Financial Influencer: These Are the 6 Most Common Money Questions I’m Asked

Nicole Spector  Tue, July 30, 2024   GOBankingRates

With general financial literacy and better financial planning exploding on social media, millions of folks are turning to financial influencers to get their money questions answered without breaking the bank.

What are people the most curious or confused about? What are they reaching out to financial influencers to find out about? And how do financial influencers answer their queries or point them in the right direction?

GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder of Nurp LLC. Sekinger courts a following of 1.1 million on Instagram.

These are the six most common money questions he’s asked — along with how he answers them.

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 Might a Trump Presidency Impact the Economy?’

Sekinger is constantly spammed with burning questions about money. A common one recently revolves around Trump. Specifically, if Trump is re-elected, how would his presidency impact the economy? More specifically, which markets, sectors and companies could benefit?

“A Trump presidency could have significant implications for the economy and markets,” Sekinger said. “Some investors are optimistic that Trump’s policies, like tax cuts and deregulation, could boost the economy and markets. Others are more cautious, citing concerns about Trump’s trade policies and potential geopolitical instability.”

According to Sekinger, companies that could benefit from a Trump presidency are the energy, financial and defense sectors.

“On the other hand, companies in sectors like healthcare and technology might face headwinds,” Sekinger said.

‘What Do I Need To Know To Be A Successful Young Investor?’

Everyone on the path to financial freedom needs to be investing. Investing can be complex, and naturally, people have questions. Commonly Sekinger is asked what you need to know to become a successful young investor.

“As a young investor, time is on your side,” Sekinger said. “Take advantage of compound interest by investing as early as possible, even if it’s just a small amount each month. Consider contributing to a Roth IRA or your employer’s 401(k) plan. Also, educate yourself about investing and avoid getting caught up in get-rich-quick schemes.”

‘How Can I Build Wealth While Managing Student Loan Debt?’

To Read More:  https://news.yahoo.com/news/finance/news/m-financial-influencer-6-most-140125604.html