News, Rumors and Opinions Saturday AM 8-3-2024

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 Sat. 3 Aug. 2024

Compiled Sat. 3 Aug. 2024 12:01 am EST by Judy Byington

On Fri. 2 Aug. 2024

All Financial Markets Were Crashing

US Officially Declared To Be In A Recession

(Possible) Worldwide EBS Activation and Internet Down on Tues. 6 Aug. 2024.

Global Currency Reset: (Rumors/Opinions)

Fri. 2 Aug 2024 Wolverine, Charlie Ward: “I’ve had multiple confirmations everything in Israel, Iran & Venezuela is already done & settled. Now @charliewardshow confirms it too. …the RV has started in general. We are going to have a beautiful week. Get ready. Any day I’ll get that call and then you won’t hear from me anymore. ”

Fri. 2 Aug. 2024 Banker: “Well folks never have suggested dates or rates but I am really looking forward to this weekend.  GOD Bless everyone.”

Fri. 2 Aug. 2024 TNT:

On Wed. 31 July they were on High Alert. They are still on High Alert. Someone said between now and Sunday.

The Wealth Managers say up to Tues., but they are scheduled to work this Sunday.

All rates are on screen. Everyone is educated.

The banks have been notified they will be working the weekend.

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Global Financial Crisis:

Fri. 2 Aug. 2024: Nearly $3 trillion has been eliminated from major indices and stocks this morning due to escalating fears of a global recession. This marks the most severe day for stocks since March 16, 2020, amid the height of COVID-19 pandemic concerns. Today’s Unemployment Rate reading of 4.3% has officially triggered the Sahm Rule, indicating that we have already entered a recession.

Fri. 2 Aug. 2024 Dallas Texas: Banks stocks today were taking a pounding, just checked my list of almost 50 banks and they are all down. The BIG RED WAVE IS COMING TODAY. …Ginger’s Liberty Lounge on Telegram

Fri. 2 Aug. 2024 Robert Kiyosaki Predicts Historic Market Crash That Could Massively Drag Down Real Estate Prices | IBTimes UK https://www.ibtimes.co.uk/robert-kiyosaki-predicts-historic-market-crash-that-could-massively-drag-down-real-estate-prices-1725909

Intel shares open down 27% as US stocks fall on jobs data: https://insiderpaper.com/intel-shares-open-down-27-as-us-stocks-fall-on-jobs-data/

Two and Ten Year Treasury Yields Are Diving Straight Down: https://x.com/kathyjones/status/1819352392195838319?s=46&t=KbeHKcWo9iYbqqIySY5EJA

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Fri. 2 Aug. 2024 It’s Happening: Japan’s Financial System Now Facing a No-Win Scenario as Investors Sell-Off $10.6 Billion. Japan is at a breaking point of economic collapse. What will happen next? Here’s the harsh reality facing the nation’s financial system. https://ai3d.blog/its-happening-japans-financial-system-now-facing-a-no-win-scenario-as-investors-sell-off-10-6-billion/

Japan as the Linchpin To Crash The Market:

Yen Carry Trade: Japan has been offering very low interest rates for a long time. Investors borrow money in Japan (Yen) at these low rates and invest it in other countries where they can get higher returns. This is known as the Yen carry trade.

Inflation and Interest Rates: Recently, Japan has been facing inflation, which means the prices of goods and services are going up. To combat inflation, the Bank of Japan (BOJ) might decide to raise interest rates.

Impact on Carry Trade: If the BOJ raises interest rates, it becomes more expensive for investors to borrow money in Japan. This could lead to a situation where investors start selling their investments in other countries to pay back their loans in Japan.

How This Collapses the Market

Short Squeeze: When investors start selling their investments to pay back their loans, it can cause a short squeeze. This means that the value of the Yen starts to rise quickly because there’s a sudden demand for it.

Global Margin Call: The sudden selling of investments can lead to a global margin call. This is like a chain reaction where one investor selling causes others to sell, leading to a widespread sell-off in the markets.

Flight to Safety: In times of market uncertainty, investors often move their money into safer assets like U.S. Treasuries, gold, and the U.S. dollar. This can cause these assets to rise in value while riskier assets like stocks fall.

Economic Impact: The sell-off in the markets can have a ripple effect on the global economy. Companies may struggle to raise capital, consumer confidence may drop, and economic growth could slow down.

SO NET NET:

Japan is the linchpin because its actions can set off a chain reaction in the global financial markets.

If the BOJ raises interest rates to combat inflation, it could lead to a short squeeze in the Yen, causing investors to sell their investments in other countries.

This sell-off could trigger a global margin call, leading to a collapse in the markets as investors rush to safer assets. The economic impact of such a collapse could be significant, affecting companies, consumers, and overall economic growth.

Fri. 2 Aug. 2024 Market Crash: (These are considered “Possibilities”)

There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in Europe and the United States. There are already talks of a liquidity and credit crisis happening in inner circles. This is big.

Saturday– Banks and online payment systems will suffer an outage in Europe and the United States spreading worldwide. Talks of a Liquidity and credit crisis happening will spread rapidly.

Sunday– Customers will try to get money from banks but will be turned away. Talks of bank runs on twitter and Facebook will be promptly banned. Late-Sunday night Euro-zone banks will suffer a liquidity issue and fail critical margin levels.

Monday 26th – Liquidity crisis contagion will spread to the United States. Financial instruments much like those used by Archegos will blow up across the entire financial sector. Bank of America, JP Morgan, and Goldman Sachs are rumoured to be insolvent along with others. The Super Rich will attempt to pull their money out of the banks only to be denied. Stock market will drop 20% and is closed for the day. Tether and other stable coins will fail causing crypto currencies to crash as they become illiquid. Short-Mid term is that crypto currencies will become worthless.

Tuesday– Eurozone total melt down. Bank deposits are bailed and most people will lose all their money. Social protests erupt. U.S. stock market will drop another 20% before being halted for the day again. Hedge funds will collapse and banks are stuck with meme stock shorts which will be revealed to be in the trillions. Banks fail critical margin levels and the DTCC will be forced to cover the shorts. DTCC insurance policy will fail as the insurers never had money to begin with and the Federal Reserve is stuck with the bag.

Wednesday– Stock market will drop another 20% before getting stopped. Subprime finally hits and housing prices crash by 50% and more. Meme stock, silver, gold, commodity trading is frozen and halted but this will only make the problem worse. Dollar insolvency is all over international news, while silver and gold skyrocket. U.S bonds will be dumped sending interest rates into the stratosphere. Mainstream media will now blare the Great Depression 2.0 and the collapse is here.

Read full post here:  https://dinarchronicles.com/2024/08/03/restored-republic-via-a-gcr-update-as-of-august-3-2024/

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

Jeff   Iraq has to tell you they don't have plans to revalue the currency this year because they're getting closer to the finish line.  They have to show news that suggests they won't be revaluing their currency...

Frank26   Article:   "Alia Nassif: The Central Bank's policy is pushing Iraqi banks towards execution!"  What would the central bank's policy be?  The monetary reform...The Central Bank of Iraq is telling the Iraqi citizens that we are in favor of removing certain banks from our country.  Why?  Because they don't want to go along with a monetary reform because they keep delaying the process of Sudani bringing out the new exchange rate and lower notes.

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Impressive News & Progress for VND, Zimbabwe and Iraq

Edu Matrix:  8-2-2024

Impressive Breaking News for VND Zimbabwe and Iraq - Iraq's New Metro System, VND Increasing in Value Against the USD, and Zimbabwe Pays IMF.

https://www.youtube.com/watch?v=XbJdmJr5EXQ

MilitiaMan: 8-3-2024

IQD Update - Iraq Dinar News - Theft of Century - Unifying Accounts - Raise Value of the Dinar - COM

MilitiaMan and Crew:  8-2-20244

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=phfCr1HOfY0

Iraq Economic News and Points To Ponder Late Friday Evening 8-2-24

Circular from the Central Bank to banks and exchange companies: Reject travel tickets from internationally sanctioned airlines

Local | 04:34 - 02/08/2024  Muzain News – Baghdad   The Central Bank of Iraq informed, on Friday, government and private banks and exchange companies not to accept travel tickets issued by airlines and travel and tourism companies included on local or international sanctions lists in the sale of cash dollars for travelers.   https://www.mawazin.net/Details.aspx?jimare=252578

Exchange Markets Under Pressure: Dollar Continues To Rise In Baghdad And Erbil

August 1, 2024  Baghdad - Al-Zaman  The US dollar exchange rate witnessed a significant increase on Thursday morning in the markets of Baghdad and Erbil, the capital of the Kurdistan Region. This increase comes after a period of relative stability in exchange rates, which raises concerns among traders and consumers in Iraq.

At the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, the dollar recorded a price of 149,250 Iraqi dinars per 100 dollars, compared to 149,100 dinars recorded yesterday, Wednesday. This slight increase may not seem significant, but it reflects an upward trend that may affect the financial stability in the country.

In the details of local prices, our correspondent reported that the selling prices in exchange shops in Baghdad also witnessed an increase, as the selling price reached 150,250 dinars for every 100 dollars, while the purchase price reached 148,250 dinars.

In contrast, in Erbil, the dollar prices also increased, as exchange shops recorded a selling price of 149,500 dinars and a purchase price of 149,400 dinars for every 100 dollars.

The rise in the dollar price is the result of several economic factors, including fluctuations in global financial markets, the impact of regional fluctuations on the Iraqi economy, or changes in monetary policy. Given the economic situation in Iraq, there may be a reciprocal effect between fiscal policy and geopolitical events.

The monetary policies of the Central Bank of Iraq contribute to this rise, especially if there is a reduction in cash reserves or changes in interest rates. In addition, local inflation can lead to increased demand for the dollar as a safe haven, which contributes to higher prices.

Political tensions and internal economic crises lead to market instability. Political unrest may affect investor confidence and increase exchange rate volatility.  LINK

Oil Prices Rise But Set For Fourth Weekly Loss

Energy   Economy News – Baghdad  Oil prices rose in early trading on Friday, but were on track for a fourth straight weekly loss, as disappointing signs of growth in global fuel demand outweighed concerns about supply disruptions from the Middle East, a key producing region.

Brent crude futures rose 33 cents, or 0.4 percent, to $79.85 a barrel by 0020 GMT, after falling 1.5 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 38 cents, or 0.5 percent, to $76.69, after falling 2.1 percent on Thursday.

On a weekly basis, Brent crude futures are heading for a 1.7 percent decline, while West Texas Intermediate crude futures are heading for a 1.1 percent decline.

Four weeks of declines would be the longest losing streak for both benchmarks since a seven-week losing streak that ended in early December.

Surveys on Thursday showed weak manufacturing activity last month in the United States, Europe and Asia, raising the risk that a weak global economic recovery could weigh on oil consumption.

"Markets remain cautious on Chinese oil demand after June data came in weaker than expected," analysts at consultancy FGE said.

Asia's crude oil imports fell to their lowest in two years in July due to weak demand in China and India, data compiled by LSEG Oil Research showed.

Oil investors are watching developments in the Middle East with caution, as the killing of two senior leaders of Hamas and Hezbollah in Lebanon has raised fears that the region could be on the brink of all-out war, which could disrupt supplies.

81 views   Added 08/02/2024 - 10:51 AM  https://economy-news.net/content.php?id=45849

Iraq Ranked 82nd In The Manufacturing Index

Local  Economy News – Baghdad   The head of the Strategic Center for Human Rights, Fadhel Al-Gharawi, confirmed today, Friday, that the manufacturing industries in Iraq are still suffering from many challenges, noting that Iraq ranked 82nd out of 126 countries in the Industrial Manufacturing Index.

Al-Gharawi said in a statement today that China topped the world in manufacturing production, with more than $4.97 trillion, followed by Germany ($751 billion), India ($450 billion), South Korea ($426 billion), and Russia ($287 billion).

He added that Iraq recorded $4 billion and 750 million in 2023 and $4 billion and 725 million in 2022, up from $4 billion and 630 million in 2021, indicating that the highest production of manufacturing industries witnessed by Iraq during the past five years was in 2019, when it amounted to $4 billion and 994 million.

Al-Gharawi noted that Iraq has 4,000 diverse factories, including a group of factories specialized in manufacturing industries, adding, "However, most of them are stopped due to poor management and planning and the lack of marketing and support for the national product."

The head of the center continued by saying that the manufacturing industries may be an important economic resource for the country, contributing to the diversification of the economy’s sources instead of relying on oil.  76 views   08/02/2024 - https://economy-news.net/content.php?id=45857

Investment Reveals The Location Of The First Economic City In Iraq

Economy | 10:11 - 02/08/2024  Mawazine News – Baghdad    The National Investment Commission revealed on Friday the location of the first economic city in Iraq, noting that economic cities represent investment portfolios capable of attracting and bringing in local and foreign capital.

Hanan Jassim, the spokesperson for the Investment Commission, said: "The Chairman of the National Investment Commission, Haider Muhammad Makiya, during his meeting in the presence of committee members and representatives of the ministries and relevant sectoral bodies from Maysan Governorate, called for the importance of intensifying efforts and coordinating them in a detailed and precise manner that contributes to creating a realistic vision and a successful announcement for investors, businessmen and companies wishing to make this type of investment."

She added that "the attendees were informed of the full borders of the regions distributed according to the projects to be established and the ownership of the lands with the possibility of expanding some of them," indicating that "it was agreed on the importance of preparing a clear map of road networks, water and electricity sources and other requirements for granting investment licenses for these projects, which will be among the topics and discussions of the upcoming meetings."

Jassim pointed out that "the committee's work witnessed the presentation of a number of proposals and ideas that support the implementation of such projects, based on the Prime Minister's approval of the minutes and recommendations of the Diwani Order Committee (23674), which decided to form the Higher Committee for the Economic Development and Advancement of the Al-Tayeb Area in Maysan Governorate and its Neighboring Areas, headed by the Chairman of the National Investment Commission and the membership of various state bodies, including the Governor of Maysan, the Chairman of the Maysan Investment Commission, the Chairman of the Industrial Cities Authority in the Ministry of Industry and Minerals, in addition to a number of general managers in the Ministries of Finance, Planning, Oil and Education and a representative of the Prime Minister's Office."

Jassim explained that "the Higher Committee for the Development and Advancement of the Al-Tayeb Area in Maysan Governorate and its Neighboring Areas has actually begun its work, headed by the Chairman of the National Investment Commission, Haider Mohammed Makiya."

She stressed that "the development and Advancement of the Al-Tayeb Area, southeast of Maysan Governorate, will be the first economic city in Iraq and will represent a successful model and an economic resource for the state that can be applied in other governorates of the country,"

explaining that "this model will represent diverse and ready investment portfolios capable of attracting and bringing in local and foreign capital."

She continued, "Al-Tayeb City will include a group of diverse projects in various economic specializations, including projects specialized in the residential sector, others in the industrial sector, and other economic projects,

in addition to recreational and academic projects," noting that "developing the region will achieve a great economic return that will contribute to stimulating the economic base in the governorate, and providing job opportunities for the governorate's people."

https://www.mawazin.net/Details.aspx?jimare=252562

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

5 Unnecessary Bills You Should Stop Paying in 2024

5 Unnecessary Bills You Should Stop Paying in 2024

July 1, 2024   Crystal Mayer

According to Forbes Health, improved finances was the second most popular resolution for 2024. Their research indicated that 38% of people wanted to get their money affairs in order over the next year. So if you, like many, have a New Year’s resolution that involves saving money, now is the time to take a look at your finances.

Many times, however, sticking to a budget is easier said than done. You may start with the best intentions but struggle to say no when it comes to going out to eat with friends or adding something new to your cart. One way to save money without completely depriving yourself is to look at your expenses and see if there is anything that you currently pay for that you no longer use.

GOBankingRates asked experts to weigh in on common things that people should consider cutting in the upcoming year. Here are the five unnecessary bills you should stop paying in 2024.

Subscription Services

Nearly all of the experts agreed that subscription services are the leading culprit when it comes to unnecessary expenses. Today, there are more subscriptions available than ever. A few years ago, it may have only been a magazine subscription or two, but now there is a monthly service for everything. From streaming to meal prep, you have convenience at your fingertips — but it will cost you.

Sofia Perez, content manager and owner of CharacterCounter.com, suggested people look to free alternatives. She explained, “Entertainment lovers think nothing of renting a movie from a streaming platform, but if they have access to a public library, they should know many new releases are found at these locations for free.”

She added, “Again, planning is everything, and it is more convenient to sit on one’s couch, search and push play. But those expenditures undoubtedly add up, especially during winter months and binge-watching marathons.”

Gym Memberships

While you may have joined the gym in January with the best of intentions, it isn’t worth the bill you pay each month if you don’t use it.

Kenan Acikelli, CEO of Workhy, agreed that people need to look at their subscriptions, including gym memberships, to cut costs.

He noted, “In 2024, consumers should reevaluate their subscriptions and recurring expenses. Often, people pay for services like underutilized gym memberships, multiple streaming platforms or premium internet packages that exceed their actual needs. Another area to consider is automatic renewals for software or apps that are rarely used.”

“Evaluating and trimming these unnecessary expenses can lead to significant savings, helping individuals allocate funds more effectively towards their financial goals,” he said.

Unused Insurance Policies

https://www.gobankingrates.com/saving-money/savings-advice/unnecessary-bills-you-should-stop-paying/?utm_term=related_link_1&utm_campaign=1279854&utm_source=yahoo.com&utm_content=2&utm_medium=rss

Friday Evening News With MarkZ 8-2-2024

Friday Evening News With MarkZ

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: Canno believe another week gone already

Member:  ya know...we're closer than we were yesterday...so there's that

Member: We Are Almost There! Let’s keep PRAYING this in!!

Member: There will always be rocks in the road ahead of us. They will be stumbling blocks or steppingstones; it all depends on how you use them.

MZ: Massive Nothing Burger on the RV Front.

Member: We need a YUGE beefy RV burger with all the fixins!!

​​Member: so there's no news on bonds or they're just being very quiet

Member: The quieter they are might mean the more NDA’s have been signed.

Member: Any idea Mark on why there is no news??

MZ: Usually when there is no news they have been told to be quiet …or there just is no news. The rumors are that bond market schedules have been set up for the month of August…..and we had a lot of good news from Iraq earlier this week.

MZ: But sometimes there is just no new news….or things have not changed in the last few hours.

Member: Is 10 days of no news our 10 days of darkness… {wink}

Eber: Does the Dragon Faily have to sign off with the Treasury Department before the RV?

MZ: As I understand it they enter their codes the same time as Mr. Cottrell.

Member: Anyone notice that all the good and encouraging news seems to be with the BRICS nations…big things happening with them….exciting news…..and the bad news comes from the fiat countries……imo

Member: Ariel said  market crash and Iran about to attack Israel and RI in Iraq

MZ: Sounds about right . We are watching the crash in real time…It has already started….It is already happening.

​​Member: Mike Bara said they’re having a little trouble with/German bonds, a lot of fakes. Next bond, they have to reach a certain % done, then us. Predicts this weekend

MZ: I hope he is accurate.

Member: I always thought That a good time to roll out the reset is Friday Night after markets close….

Meber: This weekend would be great

Member: I think next week could be our week, crash incoming

Member: at this point I'm just hoping for this year ...

Member: A reliable source said August would see a big event.

MZ: Things seem to be coming together for that.

Member: Everyone have a wonderful weekend…..God Bless

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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=f7PqILHX3sI

Some Friday “Iraq News” Posted by Clare at KTFA 8-2-2024

KTFA:

Clare: Iraq Stock Exchange trades more than 60 billion dinars in shares during July

8/1/2024

The Iraq Stock Exchange announced on Thursday that it will hold 21 trading sessions in July 2024, at a rate of five sessions per week. The sessions were not held on the first and tenth of Muharram, which fell during the month. 

According to the trading indicators for the month of July, the number of traded shares reached (61,327,427,127) shares, an increase of (80%) over the month of June, with a financial value of (60,199,416,955) dinars, an increase of (76%) over the month of June.

According to the index, the number of executed contracts reached (11,309) contracts, an increase of (26%) over the month of June.

The ISX60 index closed at 896.25 points in the last session of July 2024, up 1.6% from its June closing of 882.03 points.

The ISX15 free float index closed at (1008.30) points in the last session of July 2024, achieving an increase of (0.2%) from its closing in June (1005.49) last.   LINK

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Clare:  The House of Representatives publishes the agenda of its sessions for next Saturday and Sunday

8/2/2024 Baghdad – 

The Iraqi News Agency (INA) publishes the agenda of the sessions of the House of Representatives next Saturday and Sunday, according to what was announced by the media department of the Council.

TRANSLATION:

Republic of Iraq House of Representatives

The fifth electoral session, the third legislative year, the second legislative term

In the name of God, the most gracious, the most merciful

Republic of Iraq House of Representatives

Agenda for session No. (4), Saturday, August 3, 2024

Reading verses from the Holy Quran

Public Affairs Department No. (27) of 2016. (Committee First:

 First reading of the draft law on the Second Amendment to the Legal Amnesty Law, Security and Defense Committee, Human Rights Committee), (2) Articles.)  the light

Second: First reading of the draft arbitration law. Legal Committee, Finance Committee (47 articles).

Third: Report and discuss the second reading of the draft law on compensation for the properties of those affected by the former regime.

Committee of Martyrs, Victims and Political Prisoners).

The session begins at one o'clock in the afternoon

House of Representatives   LINK

Clare:  Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?

8/2/2024

Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations. The US dollar comes in tenth place globally. The following is a list of the most powerful currencies in the world:

1. Kuwaiti Dinar: equivalent to 3.27 dollars  

   The Kuwaiti Dinar is the most valuable currency in the world. Since its introduction in 1960, the Kuwaiti Dinar has continued to top the list of the most valuable currencies thanks to Kuwait's economic stability and oil reserves.

2. Bahraini Dinar: equivalent to 2.65 dollars  

   The Bahraini Dinar is the second strongest currency in the world. The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community, including a large number of Indians.

3. Omani Rial: equivalent to 2.60 dollars  

   The Omani Riyal is the third most valuable currency in the world. It was introduced after Oman stopped using the Indian Rupee. The economy of the Sultanate of Oman is heavily dependent on the oil sector.

4. Jordanian Dinar: equivalent to 1.41 dollars  

   The Jordanian dinar has been the official currency of Jordan since it replaced the Palestinian pound in 1950, with fixed exchange rates and a diversified economy.

5. British Pound: equivalent to 1.26 dollars  

   The pound sterling is used in Great Britain and has an important place in global finance, thanks to London's status as a financial centre and intense commercial activity.

 6. Gibraltar Pound: equivalent to 1.26 dollars

 7. Cayman Islands Dollar: equivalent to $1.20 

8. Swiss Franc: equivalent to 1.14 dollars

9. Euro: equivalent to 1.08 dollars

10. US Dollar: Equivalent to $1.00

These currencies continue to play a major role in the global economy, as their strength reflects the economic and financial stability of the countries that issue them.   LINK

Bruce’s Big Call Dinar Intel Thursday Night 8-1-24

Bruce’s Big Call Dinar Intel Thursday Night 8-1-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, August 1st and you're listening to the big call. Thanks for tuning in everybody. Thanks for listening wherever you are in what we call big call  universe, which is all around this beautiful globe and maybe beyond, probably so. So, thanks for tuning in everybody.

Looking forward to having a good call. Bob took a vacation break, so he will be back on Monday, and because he missed this call he might have missed our last call, I would think so. So, we'll see how it goes. But obviously we miss Bob not being here, but Sue and I are going to do the best we can to bring everything to you. So let's do this before we get too far along. Let's go ahead and pray the call in.

All right, let's just do this. I'm going to segue right into my own Intel segment. So this will be good, Sue. You don't happen to have a time hack? Do you just for fun? Yep, 9:53 Oh, thank you Sue.

Okay, where are we with our intel?  We have heard and are confirming this that there was a celebration dinner slash party last night in Reno with bank managers in the area and intake managers. Those are the people that took in the currencies in Reno for the various  groups.

We know the admirals group or groups plural, and there may be others too that might have attended- So bank managers, intake managers, were there for the celebration dinner slash party last night, that would have been Wednesday night. Now the Intel does not need to be super long.

You guys are looking for when and if this is going to happen  - I am going to cut right to it -

The Intel that we received, and I had several confirmations today – was all pointing to this going either tomorrow for us by notifications - I'm talking about notifications either tomorrow which is Friday and  or Saturday, I don’t know how to answer would work - but tomorrow I'm going to say or Saturday it is definitely in play.

So  one of those two days, maybe both, maybe it is a process of being notified both days. So be prepared for that  - We did get a green light  from Treasury to one of our intel providers. And I think we're looking very good from that perspective.

We know that our people that we talked to at the redemption center went in today and stayed until four o'clock when the markets closed, but the rates were all showing grayscale, meaning they were not solid, visible rates on the screens at the redemption centers and at the banks  a gray scale.

We got to get off gray scales.  Which we believe will be tomorrow - We'll get some solid new rates out, and that way, that way, I think our notifications can come out after that. I have also heard that we would get notifications  after markets  closed tomorrow at four Eastern, four o'clock Eastern. And I think that's possible too, but it's also possible as we get these during the day and we set our appointments, and maybe we start Friday which is tomorrow -  or we start on Saturday

I lnow this much -  they will go through the weekend - meaning Sunday will be a day that redemption centers will be open, just so you know, it will they will be open on Sunday.

Could go possibly tomorrow, possibly Saturday, quite likely Sunday, you know, including Sunday, and all the way through beyond that. Today is the first we kind of thought we'd get notified today. I believe we were pushed today. Maybe its actually tomorrow we get notified

Also being at the end of the week - If they decide to release this to us after the markets close at four, there would be no ramifications on it, or there would be no real ramifications on the forex, which closes down around five o'clock on Friday and opens back up at five o'clock on Sunday evening.

So what they do is they reconcile all of the trades that have been done on Forex accounts over the weekend, they reconcile those and then they are ready for business opening back up on Sunday, five Eastern.

So the 48 hour period of 5pm to 5pm Friday to 5pm Sunday, in which case the Forex is down to reconcile all accounts. So I think we're hearing, we're hearing some really good things about political change happening in about four or five days that'll be welcome.

 And also we're hearing there are a lot of tests going on right now in terms of the EBS, the Emergency Broadcast System, sort of fine tuning certain aspects of that. EBS and these announcements, that's where they show up. An emergency is usually on your phone, an emergency wireless system. EWS, I don't know not sure when that turns  if that's on phone or on I don't know. I don't know where it is -

 But I think it we could be in the heat of it over the weekend and beyond. That's this coming weekend. We always think of the weekend starting, but either Friday or Saturday, Sunday. Weekend is probably Saturday, Sunday and and you know what the bank said and is going to do on Friday is reconcile their books on Friday.

So that not a big  deal either way for us, but I think we have pretty good shot at getting notified tomorrow, and if not tomorrow and or Saturday, you'll be looking at your emails every once in a while, and we'll see when they come in.

All right, all right, everybody, I'm jacked up excited about this coming either to us, either tomorrow, Friday or Saturday. Tomorrow is Friday, tomorrow or Saturday.

So let's go ahead and pray the call out, and let's see when this comes about to us.

Bruce’s Big Call Dinar Intel Thursday Night 8-1-24   REPLAY LINK   Intel Begins   51:00

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Bruce’s Big Call Dinar Intel Thursday Night 7-4-24   REPLAY LINK   NO CALL

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Bruce’s Big Call Dinar Intel Thursday Night 6-27-24   REPLAY LINK   Intel Begins   1:03:30

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More News, Rumors and Opinions Friday Afternoon 8-2-2024

Ariel Friday Update:

800 stocks down by 5%? This is a prime indicator that once things pop off with Iran & Israel we will get a market correction like we have never seen.

Then as the WTO stated the world will anticipate Iraq to come to the rescue and bring confidence back to the global trade market by reinstating the Iraqi Dinar and everything from that point will be based on REAL VALUE.

Then this is when you will unprecedented liquidity.

Mike Bara UPDATE:

Here is the situation as I understand it, Friday morning 8/2/2024.

"They" are still processing German historic bonds. They are finding many fakes. They have a quota to meet for "real" authentic German bonds before they can move onto the Chinese (Dragon) bonds.

"They" (UST) expect that threshold to be reached sometime this weekend. Once "They" move to Dragon bond payouts, that's when the "bondholder" should receive his commission.

That's when we're on, because my understanding is that is the "end" of Tier 3 and Tier 4a. None of this is connected to the revaluation of the Iraqi Dinar, which could still happen anytime.

 UST is said to want that to happen imminently. The Cabal is broke and needs the influx of funds from Tier 4 to continue the war.

 But the reality is the war is all but over. I suggest you think of this terms of World War II. It's late 1944. The Battle of the Bulge (Trump assassination attempt) has just failed. The Germans have been driven back to the Rhine, and it's only a matter of time before Patton gets across and finishes the job.

TNT Tony's 48-hour window has passed. Let's see if he has any new or corroborating information on his call today. That's where we're at. At least as far as I can tell. — Mike

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

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

Mnt Goat    ...recent articles from Iraq tells us the Iraqi government is taking steps to correct...issues and what needed reforms are still necessary... The nature of the reforms tells us they would have to be already started...Don’t think this is going to be a long, long process but certainly not days, maybe more like months...We must not discount all the reforms already accomplished...the Feds are now stepping in and trying to move the country steps further. Yes, they are shaking it up...So, this is all VERY good news and we should be happy to see it playing out...Everything is going to come together and it will happen suddenly.

Militia Man  Article quote "Imminent opening of the bank's new building"  Imminent opening of the central banks' building.  It's scheduled for the end of this year, which is a few months, or the beginning of next year, which is  still not too far from a few months... Quote "...38 floors with offices, meeting rooms, storage places of fortified money and  gold."  I love that part... Quote "The opening of the central bank building will be accompanied by a very large ceremony..."  It's  going to a pretty big deal...Construction...started in 2018.  It's been almost 6 six years.  

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

TNT:

Tishwash:  Iraq Arrests Another Suspect Involved in ‘Heist of the Century’

The Iraqi Integrity Commission has announced the arrest of a suspect linked to the "heist of the century," with gratitude extended to the Kurdistan Region's Ministry of Interior for their assistance in arresting the individual.

Without disclosing the suspect's name, the commission confirmed the arrest of a key figure in the high-profile theft case, praising the collaborative efforts of both the federal government's Interior Ministry and the Kurdistan Regional Government (KRG).

Four additional defendants, already suspended by the High Criminal Court, were part of the former government of Prime Minister Mustafa al-Kadhimi and are implicated in the case.

According to Iraqi officials, the charges against these individuals stem from their involvement in extracting approximately $2.5 billion in cash from the General Tax Authority. This sum, lost between September 2021 and August 2022, represents a significant amount of money in a country that consistently ranks among the world's most corrupt.

The "theft of the century" has been described as the disappearance of $2.5 billion in tax revenue, shedding light on the extent of corruption within Iraq's financial systems.  link

Jim Willie: How BRICS Are Approaching The Silver Market

Arcadia Economics:  8-1-2024

As the BRICS move forward their efforts to de-dollarize away from US financial infrastructure, where does that leave the silver market?

 Especially in an environment where the industrial demand continues to grow and leave the silver market in a persistent deficit?

Fortunately Dr. Jim Willie checks in to talk about what he's seeing and hearing in the silver market, including speculation of a South American OPEC-like silver cartel.

 It's an interview with Jim Willie that you won't want to miss. So click to watch the video now!

https://www.youtube.com/watch?v=4yumZ1liuhw

WARNING: (Take Action Now). THE MOST DESTRUCTIVE BANKING CRISIS EVER IS NOT FAR OFF.

Greg Mannarino:  8-2-2024

https://www.youtube.com/watch?v=W8WVFTXKExo

Coffee with MarkZ, MilitiaMan and Mr. Cottrell. 08/02/2024

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, MM and Mr. Cottrell. 08/02/2024

MZ: We will cover the news and hurry to get Mr. Cottrell in after MM and Crew bring you some of the latest out of Iraq.

Member: Good Morning to all…….And TGIF!!!

Member: Wow what a Friday on Markz…. not only Mr. C but MM too!!

​​Member: Stock market is looking pretty ugly today again! Yikes!

Member: Hello!! Just read 800 stocks are down 5%....let it rip!!!

Member: Asian markets took a beating, especially Japan. Worst since 87

MZ: “Japanese stocks suffer biggest point drops since Black Monday”  The BOJ has boxed itself into a corner …they need to decide between a crash in currency or a crash in the stock market. This is its worst 2 day rout since 2011.

Member: hopefully the market falls off the tables edge. straight down

Member: Dow Jones down -870!

Meber: Market Summary > Dow Jones Industrial Average39,385.35 −962.62 (2.39%)today

Member: SG Anon had a great read on a "Speculative Summary" of what's coming from an anonymous person. Pretty much nailing "the weekend" that would occur with markets crashing then the CRAZY week 2 follow

MZ: Now let’s bring in MilitiaMan…….

MM: Thanks and glad to be here. Yesterday we did a sit down sitrep with PampeyPeter and Petra.. Its in our Patreon room for anyone who wants to visit. It’s about 30 minutes long.

MZ: To e this week has been great. There have been a number of key pieces come out of Iraq that made me feel warm and fuzzy. What’s your take on the week??

MM: I have been interested in seeing how far along the central bank building  is. I think around 6 months ago they said they had about 15 feet or so to go….to the top of it.

MM: I know high rise buildings take a long time to build…..but it they are at the top with only 6 meters to go…I don’t know that it would take 6 months….I don’t think so.   I have a strong feeling there is more to that story.

MM: They are now talking about a celebration, and if you remember…..Saleh (Sudanis financial advisor) has been on fire for the last couple of weeks. And he told everybody that there was going to be a major announcement regarding the digital era……

MM: Now everybody is starting to see it… This morning the UAE is allowing their digital currency….and are able to buy digital assets. It is going to a digital era all around the world. The world is changing quickly…

MM: The multi-currency practices are going to go away and ultimately  they will apply a REER or Real Effective Exchange Rate to Iraq’s currency-

MM: Everything we are seeing is powerful evidence that the monetary reforms are on the table and they are knocking them out….

MZ: What of the HCL? We are watching what is going on in the Kurdish region and money is suddenly flowing. And they are saying things are now in Baghdad’s hands….I’m surprised we havn;t seen that the HCL was done this week

MM: Well, they said its coming soon…Whatever that means…Right?

MM: And I heard from a source that the US Federal Reserve will not wait long….They cannot wait forever….. And he also said they can take action at a moment’s notice. I believe the US Treasury and the Federal Reserve are working hand in hand with the Central Bank of Iraq.

MZ: Have you heard anything about Iraq’s ascension into the WTO?

MM: Iraq is going to need to trade cross-borders. The Iraqi dinar is not yet on the forex with a REER. (Real Effective Exchange Rate) With the Ayuscuda cross border system …I think it’s ready to go.

MZ: I also think it’s ready to go. But how long can they go without a new rate? They have not published the budget tables yet….I think they are hiding it because the new rate is in it to do all those new projects.

MM: PompeyPeter and others have been talking about this. And issue #4472 of the Gazette is not there…..so yes When you say they are hiding it- that’s what it looks like. …And Why?  Because its sensitive.

MM: Well I have a busy day….so thanks for having me….thank you all. And I hope to see you all on Patreon.

Be sure to listen to replay for the entire MM and Mr. C’s  interview….for their information and opinions

Member: Mike Bara was saying there was a lot of counterfeit German bonds which slowed down the process

Member: My bank has a central counting machine for all withdrawals of cash. Each teller inputs the amount at the terminal and the money is counted out. Very different process

Member: Bank Story - My friend went to his bank yesterday. there were huge piles of cash on tables. two ladies were photocopying both sides of the currencies four at a time. while a person watch them

MZ: Well that is weird…….

Member: I think this may be the weekend we’ve been looking for…

Member: Just turn on EBS and let chips fall where they may!!!!

Member: The frequencies are high from manifesting this blessing into existence

Meber: See you all tonight! Have a beautiful day!

CBD Guru’s also join at the end. Be sure to listen to the replay for their 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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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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Youtube:     https://www.youtube.com/watch?v=w_8zfbVBgpo

Iraq Economic News and Points To Ponder Friday AM 8-2-24

What Is The "ASYCUDA" System In Iraq And How Does It Serve The Iraqis? An International Report Detailing The Numbers
 
Economy     2024-08-01 | 04:31  5,135 views  Alsumaria News – Translation
 
The United Nations Trade and Development Organization (UNCTAD) confirmed that trade in Iraq - which was torn by war - has gained new activity as it continues efforts to revive the economy, while revealing the full details of the ASYCUDAWorld program specializing in customs.
 
The organization says in a report translated by Al-Sumaria News, that in October 2023, the Iraqi state launched ASYCUDAWorld - a pioneering customs automation program supported by the United Nations Trade and Development Organization (UNCTAD), to digitize customs clearance processes, reduce fraud risks, and facilitate cross-border trade.
 
According to the report, the program - which complies with international standards - aims to replace manual, paper-based customs clearance processes in Iraq, allowing traders to complete all necessary paperwork online to save time and cost.

- witnessed Baghdad International Airport - where the ASYCUDAWorld system appeared for the first time in Iraq a growth in customs revenues of more than 215% between January and May 2024, compared to the same period of the previous year, according to the report, which revealed that between January and March, import transactions at the airport increased by 120% compared to the first quarter of 2023, reaching its highest levels in a decade.
 
The report adds that the business community has responded effectively to comply with the new procedures and regulations.
 
Since October 2023, more than 2,800 declarers have submitted approximately 65,600 declarations to customs through ASYCUDAWorld.
 
The program was run in the nine largest customs offices in Iraq, which together represent 81% of Iraq's international trade volume, according to the report.
 
These include customs operations located on the borders with neighboring countries such as Kuwait, Jordan and Saudi Arabia, as well as in the port of Umm Qasr leading to the Arabian Gulf.
 
According to the report, Iraqi Finance Minister Taif Sami praised the ASYCUDAWorld program for helping Iraq “achieve financial discipline, reduce errors, enhance the efficiency of government resources, and provide accurate information.”
 
*Long-term partnership with high-level political support
 
The report shows that an agreement to launch ASYCUDAWorld is planned for May 2021, as part of Iraq's partnership with the Automated System for Customs Data (ASYCUDA) program - the largest technical cooperation project managed by the United Nations Trade and Development Organization in more than 100 countries.
 
This cooperation enjoys the full support and strong commitment of the highest levels of the Iraqi government, including the Prime Minister’s Office, the Ministry of Finance, and the Director General of Customs, according to the report.

says Shamika N said Sirimane , Director of Technology and Logistics at the United Nations Trade and Development Organization.:  
 
“The active participation of these and other government departments, including the General Authority of Customs, has been crucial in ensuring the success of the project so far,”
 
“ASYCUDA’s work in Iraq is ongoing, but even at this stage, we are already seeing an increase in trading volumes and a boost in government revenues,” says Siriman.
 
The Director General of Iraqi Customs, Hassan Hamoud Al-Aqili , adds:
 
“The ASYCUDA system unifies customs procedures at all crossings and ports and unifies the process of collecting fees.
 
It also provides accurate information to policy makers about imports and exports, control the movement of currencies, and the exchange of dollars between Iraq and other countries.” According to the report.
 
*Empowering national stakeholders to take the lead
 
ASYCUDA's work in Iraq brings together 6 staff from the United Nations Trade and Development Organization alongside a national project team including IT and customs experts.
 
In collaboration with the business team, the operation customized and installed the ASYCUDAWorld software prototype and adapted it to comply with Iraqi laws and regulations.
 
In addition, ASYCUDA staff trained the national team to use and maintain the system independently, including courses held in Baghdad and a field visit to customs offices in Jordan to learn from their experiences.
 
The Iraqi national team then in turn trained ASYCUDAWorld users in Iraq, helping key stakeholders such as logistics carriers, declarants and customs officers become familiar with the new system, according to the report.
 
According to the report, ASYCUDAWorld will be launched in Arar (which borders Saudi Arabia) and Trebil (which links Iraq to Jordan) and will largely be led by the Iraqi national team, with international ASYCUDA experts supporting remotely.

*Future endeavors
 
The Iraqi government seeks to implement the ASYCUDAWorld system in all customs locations across the country by mid-2025, according to the report, which confirms that after that, the focus will be on modernizing customs control and building an electronic “single window” for trade based on ASYCUDA technology.
 
This comprehensive platform, which links multiple government agencies involved in goods clearance, is expected to automate customs processes and enhance Iraq's logistical efficiency and trade competitiveness.
 
https://www.alsumaria.tv/news/economy/495884/ما-هو-نظام-الأسيكودا-في-العراق-وبماذا-يخدم-العراقيين؟-تقرير-دولي-يفصل   

Adviser To The Prime Minister: We Are Heading Towards Reforming The Government Banking Sector
 
Economical 08/01/2024  Baghdad: the mainstay of the emirate  The Financial Advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh, stated that
 
reforming the banking system is one of the most prominent priorities of the government’s approach, because of its positive effects in all aspects of the economy, indicating that the
 
first steps of that reform began through the government banking sector,
 
     which currently dominates more than Of 85 percent of the assets of the banking system, its
 
     banking operations and activities account for approximately the same percentage of total deposits and credit.
 
Earlier, Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting to develop the work of government banks, and directed to resolve the procedures for developing the work of Rafidain Bank.
 
The Prime Minister's Media Office said that Al-Sudani was briefed during the meeting, which was attended by representatives of Ernst & Young for auditing and financial consulting, on the technical and administrative procedures for the Rafidain Bank development project, which were taken during the period that followed the signing of the contract with the company specialized in structuring and developing work in the banking sector.
 
It is noteworthy that the development plan of Rafidain Bank includes a comprehensive review and evaluation of the bank’s work, and the implementation of structural administrative reforms, aiming to provide a package of integrated banking services to citizens and companies, in which advanced electronic programs and modern technology are adopted in all banking transactions, and the optimal use of human and technical resources, and the transition to... Automated work, which helps the bank’s ability to meet banking requirements Globalism.  Counselor Saleh told “Al-Sabah”:

“The government’s vision for economic reform was largely focused on banking reform, which is one of the priorities of the government curriculum, and the first steps began through the Rafidain Bank,” noting that
 
“the reform principles upon which the government program was founded and which the House of Representatives approved are based on On regular executive priorities, at the forefront of which is reforming the banking sector, as the Prime Minister’s vision was focused on economic reform through reforming the government banking sector, which currently dominates more than 85 percent of the assets of the banking system, and its banking operations and activities account for approximately the same percentage of total deposits and credit. "The banker." 
 
Saleh pointed out that this beginning came because these banks are large and important, but
 
they are burdened with a legacy left by the conflicts of the past half century and their repercussions on the efficiency of this large banking system, whose capital base still constitutes only a low percentage that does not exceed 22 percent of the total capital of the banking system, indicating that
 
“In view of this banking dominance, which is burdened with inherited problems, our country suffers from limited growth in the activity of the banking market and its division between private banks, the number of which exceeds more than 50 banks, but
 
they are limited in their activity in deposits and credit, but
 
they do not have a unified and homogeneous competitive banking market with government banks, as they dominate
 
“Governmental banks are in great pain in their market shares and in their banking activity, and
 
they live in their activity on sovereign banking liquidity, as
 
they are banks of a purely rentier nature that deal with large government deposits that affect their liquidity.”  The government advisor explained,
 
“In order to advance the Iraqi banking market, the
 
first reform steps have inevitably begun with government banks, especially major commercial banks such as Al-Rafidain Bank, and
 
based on the above, with the aim of making government banks operate in accordance with capital efficiency standards and lead financing and development activity in the country and with competitive foundations that provide Financial inclusion

At the same time, the study, which is being prepared by the international auditing and accounting firm Ernst Young, is based on the principle of creating a highly efficient government commercial banking sector that takes the lead with the rest of the banking market in financing market activity and with digital foundations and financial and accounting technologies in accordance with modern financial engineering.  He pointed out that
 
this leads to the
 
birth of a government bank that
 
     specializes in managing government banking operations exclusively and
     is considered a cornerstone in organizing the treasury account and stabilizing government cash flow budgets, meaning that
     it will at the same time be the public finance arm of the government banking organization.  Saleh believes that
 
these steps can achieve the
 
goals that lead to “the birth of a homogeneous banking market that
 
     operates according to competitive principles and can
     integrate with the local and international financial and banking system with
     high credit and banking efficiency required by the sustainable development goals and the
     requirements of the availability of market institutions and their
     integration between financing services on the one hand and real investment.” And production growth on the one hand Other.      https://alsabaah.iq/100342-.html   

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

6 Ways To Improve Your Financial Outlook, Despite High Costs

6 Ways To Improve Your Financial Outlook, Despite High Costs

G. Brian Davis  Thu, August 1, 2024  GOBankingRates

Some financial experts refer to inflation as the “silent tax.” You don’t see it come out of your paycheck or savings, but it drains their value nonetheless.

Inflation also impacts everyone across the financial spectrum. The rich, poor, and everyone in between notices the effects of inflation.

So in the wake of high inflation over the last few years, how can you improve your financial outlook no matter where you fall on the socioeconomic spectrum?

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.

1. House Hack

Housing makes up the greatest expense for nearly everyone on the planet. It therefore offers the single greatest opportunity for saving money — especially if you can knock it out entirely by house hacking.

“House hacking involves buying a multi-unit property with up to four units, using traditional mortgage financing,” explained Lane Forehetz, founder of Fast Lane Real Estate. “An FHA loan, which requires only 3.5% down, can make this affordable, often needing less than $10,000 out of pocket.”

“By living in one of the units and renting out the others, you can offset your mortgage or rent payment, significantly increasing your monthly savings,” Forehetz said. You can use the future rents from the other units to help you qualify for the mortgage.

Not ready or interested in buying a new home? Seamus Nally, CEO of TurboTenant, recommended finding ways to house hack your current home.

“For example, turning a room or section of your home into an Airbnb lets you get started without the financial undertaking of traditional real estate investing. With a consistently profitable stream of passive income like that, the money earned can be used to move you upwards financially, helping you do things like pay off your loans, building your savings, and kicking off your investment journey.”

2. Meal Plan To Reduce Grocery Spending

Grocery costs have risen a staggering 25.8% since the last presidential election. That’s pinched most Americans, whose paychecks have not kept pace.

“I plan meals ahead for the week and only buy the groceries that I need for those meals,” said Annie Cole, money coach and founder at Money Essentials for Women. “This has helped me cut hundreds off my monthly grocery bill versus walking through the store without a plan.”

“I buy a lot of affordable staples (rice, potatoes, vegetables) and plan meals around them. When I do buy more expensive items like meat, I’ll use portions of it across multiple meals,” she added.

3. Research Food Assistance

Cole continued to explain that more people qualify for various types of grocery assistance than they realize. “Low-income individuals may qualify to receive a monthly meal stipend from the Supplemental Nutrition Assistance Program (SNAP).”

To Read More:  https://www.yahoo.com/finance/news/6-ways-improve-financial-outlook-151055662.html