News, Rumors and Opinions Friday AM 8-16-2024

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 Fri. 16 Aug. 2024

Compiled Fri. 16 Aug. 2024 12:01 am EST by Judy Byington

Possible Timing of the Quantum Financial System, NESARA GESARA Secrets on Telegram Thurs. 15 Aug. 2024

The city of Basel, located in the north-west of Switzerland, is one of the most dynamic economic regions of Switzerland and home to the world headquarters of the Bank for International Settlements. 

The Basel Committee on Banking Supervision was created in 1974.

Its 45 members comprise central banks and bank supervisors from 28 jurisdictions, the South African Reserve Bank is part of it.

The Basel Accords were formed with the goal of creating an international regulatory framework to reduce various risks.

Basel 4’s higher thresholds will further restrict banks’ ability to lend.

Basel 4 was originally intended to start on 1 Jan. 2022, but in March 2020 was delayed due to the pandemic till Jan. 2023, and will be enforced over 5 years (2027).

All banks across the Globe have to be Basel 4 Compliant (meaning their money had to be asset-backed), many banks have since consolidated, or closed completely.

Since Friday 3 Feb. 2023 all Basel 4 Compliant banks were expected to go public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law, this is the Re-evaluation of all the global currencies (meaning the global currency reset) – the Iraqi Dinar will be the first indicator that will trigger the rest: bloomberg.com/news/articles/…

FIAT money is backed by a country’s government instead of a physical commodity or financial instrument. This means most coin and paper currencies that are presently being used throughout the world are FIAT money. This includes the US Dollar, the British Pound, the Euro and the SA Rand.

All Basel 4 compliant countries will then put out their new currencies and take the old money in, so the FIAT Dollar will become obsolete outside of the US and millions hidden will become worthless.

The world will use the FIAT and then transition over to the precious metals / commodity backed currencies and the USD / Sterling Pound and Euro will have no value whatsoever anymore.  

The use of the FIAT will be used for up to 90 days Feb. / March / April 2025 parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. 

No FIAT currency or any other form of currency or cash can be deposited into the QFS without going through an exchange process and having a digital gold certificate assigned. Without the gold certificate the computer will not recognize it as money. 

The redemption of Zim Bonds creates a transaction where the gold certificates are activated and put into your account(s) in the QFS.

No currency is automatically activated in the QFS.

When the time comes, each owner of a bank account will access the QFS portal and can exchange their FIAT currency in that bank account to the QFS.

The QFS already knows if the money is clean and non-terroristic and will allow the exchange to take place, it will then be assigned the gold certificate and become active for use.

11 Global Banks Probing The Wonderful World of Quantum Technologies since 2021 already: thequantuminsider.com/2021/06/23/11

Is your bank Basel 4 and QFS compliant? No need to worry, you will get a QFS wallet and operate your wallet from your phone.

There are three Main Groups driving this initiative:

1 – Swiss Banking Group AG
2 – INDUS – BRICS
3 – US SPACE FORCE

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Thurs. 15 Aug. 2024 Bruce:  (RUMORS)

On Mon. 19 Aug. 2024 NESARA/GESARA is supposed to be announced either by Justice Clarence Thomas or by General Mike Flynn.

The new USN is supposed to be coming out around that same Mon. 19 Aug. 2024.

The R&R allowances are part of NESARA

If you have Zim and you have a dire health need you will get precedent for a Med Bed appointment. Ask for it at your exchange/redemption appointment.

On Mon, Tues, Wed. Aug. 19, 20, 21 Med Beds will be rolled out.

The USN is out on Forex and on bank screens Sun. night 18 Aug. and will be seen on bank screens Mon. morning 19 Aug.

Tier4b (us, the Internet Group) we should get notified sometime Tues. 20 Aug. 2024.

Tier 4b exchange/redemption appointments should start Wed. 21 2024

Redemption Center leaders will be emailed information on Sun. 18 Aug. afternoon to send out Monday 19 Aug.

Social Security increases (of 80%) should start around Wed. 21 Aug. 2024.

Restitution and Reclamation Allowance: The money we will get back from birth, marriage, death certificates that were traded as bonds. We will get back the interest paid on mortgages, bank loans, credit cards, etc.

It will be different for those who have Zim – will get the R&R in the Quantum Account. They will tell us how much that will be before our exchange.

The Quantum Card is not something we carry around. Put it in a very safe place and only use it when moving from Quantum Account into your bank account. You can have three different banks.

To access your Quantum Account you will need to have a (1) a biometric thumb or finger print (2) a password (3) a User Name (4) a five digit ID number (5) an Email address.

Non Exchangers (28 years of age and older), US Citizen or Green Card Holder will have their R&R by direct deposit in your bank account.

Non Exchangers R&R payments start on Mon. 18 Aug. and will take 18 days to deposit in your account.

If you are under 65 in order to receive your R&R payment, you have to stay employed at least 30 hours a week until retirement age.

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Thurs. 15 Aug. 2024 Farm Claims liquidity, Ginger’s Liberty Lounge: Reports regarding Farm Claims settlements being paid are accurate; and this is a very nice item which we can happily check off our “non negotiable list”. I was unable to share the exact details from my own confirmed contact, so I am sharing this other news passed along from someone else. 8.14.24. Lamb: “I just got off the phone with a friend of mine, she told me that her friend that had registered with the farm claim packages … He woke up to $500,000 in their bank account with no explanation, no nothing, he showed her the bank statement and knows this other person had “no pot to piss in” before (per se). So the statement about farm claims being paid is 100%.”

Read full post here:  https://dinarchronicles.com/2024/08/16/restored-republic-via-a-gcr-update-as-of-august-16-2024/

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

Militia Man  What I bring has data behind it.  I'm not just making it up or just getting phone calls.  I'm actually doing the work.  I put it together.  It takes a lot of time to put all the work together.  I like doing it because it does help so many people...You're not the only ones that are tired.  Everybody in our crews can be tired at times.  We all need to support..

Fnu Lnu  There will be NO NDA necessary for a public transaction with a public bank for a publicly traded currency! PERIOD. The only people who have NDA's, like myself, have a contractual agreement to sell Dinar to private buyers at a rate not published and is not public. There are buyers that have contracted to buy Dinar from private sources because they might be sanctioned from using the auctions or buying from the source. They are doing it for Oil Credits. ONLY they have NDA's. No other will have any reason for a NDA.

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Good news for iqd iraq finance

Nader:  8-15-2024

https://www.youtube.com/watch?v=zk7kYEg74Lo

“Tidbits From TNT” Friday Morning 8-16-2024

TNT:

Tishwash:  Activating the joint strategic framework on the table of the foreign ministers of Iraq and Turkey

Foreign Minister Fuad Hussein confirmed, today, Thursday (August 15, 2024), that he discussed with his Turkish counterpart, Hakan Fidan, ways to activate the strategic framework agreement between the two countries.

Hussein said in a post on the "X" platform, which was followed by "Baghdad Today", "Today we held a fruitful meeting with our friend Hakan Fidan," indicating that "the meeting discussed frameworks for enhancing joint cooperation between our two countries."

He added, "During the meeting, we discussed ways to activate the strategic framework agreement that was signed during President Erdogan's visit to Baghdad," noting that "the two parties stressed the importance of deepening bilateral relations in a way that serves common interests  link

Tishwash:  The Ministry of Foreign Affairs reveals the postponement of the announcement of the end of the international coalition's military mission in Iraq

 Today, Thursday, the Ministry of Foreign Affairs announced the postponement of the announcement of the end of the international coalition's military mission. 

The Ministry stated, in a statement received by the “Al-Ma’louma” Agency, that “there are no American forces in Iraq except for the military advisors who are under the umbrella of the international coalition.” These advisors are included in the outcomes of the work of the Supreme Military Committee, and the two parties are committed to the established mechanisms and their outcomes.” 

He added, "The work of the Supreme Military Committee focused during the past months on assessing the threat of ISIS with the aim of reaching a deadline to end the military mission of Operation Inherent Resolve, and on this basis, the presence of international coalition advisors of all nationalities on Iraqi soil will be ended." 

The Iraqi Foreign Ministry pointed out that “these discussions included details that included the hierarchy of advisors' withdrawal from the sites, and all that remained agreement on the details and date of the announcement and some other logistical aspects,” noting that “we were very close to announcing this agreement, but due to recent developments, Postponing the announcement of the end of the international coalition’s military mission in Iraq.” 

He pointed out that “the bilateral relationship with the United States in all fields, including the security relationship, is completely separate from the path of the relationship with the international coalition forces.” This relationship existed before the coalition and will continue after it, and the Iraqi delegation discussed the future of the security relationship in the areas of training, arming, equipping and cooperation.” Security, in light of what is permitted by the Iraqi Constitution and the framework of the strategic agreement between Iraq and the United States.    link

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Tishwash:  A deputy reveals the results of the war on “hard currency” smuggling

On Thursday, Representative Yasser Iskandar revealed the results of the war on the smuggling of hard currency from Iraq. 

Iskandar said in an interview with Al-Maalouma, “The smuggling of hard currency is one of the tools that drain the economy and creates an anomaly in the balance of exchange rates and pushes the parallel market to rise, which leads to excessive prices in the markets, the price of which is paid by the simple people.” 

He added, “The efforts of the Ministry of Interior with the Central Bank and supporting formations contributed to reducing the file of hard currency smuggling by 80%, while directing 11 specific strikes to companies and offices dealing in the file of selling currency illegally.” 

He pointed out that "currency smuggling is part of corruption that requires exceptional efforts to dismantle it, and government committees are continuing to expose it day after day." 

It is noteworthy that the smuggling of hard currency leads to an increase in exchange rates in Iraq, which puts pressure on the markets and leads to the emergence of excessive prices.   link

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Tishwash:  Parliamentary Oil Committee reveals details of oil smuggling from the region to Iranian ports

The Parliamentary Oil and Gas Committee revealed, on Thursday, the details of oil smuggling from the Kurdistan Region to Iranian ports, explaining that this operation caused a crisis in the transfer of crude oil between Iraqi refineries.

The committee’s deputy chairman, Adnan al-Jaberi, said in a press interview, “We have seen a document issued by the State Oil Marketing Organization (SOMO) regarding the smuggling of oil from the Kurdistan Region to Iranian ports,” noting that “this document states that oil is smuggled from Erbil and Sulaymaniyah via tankers through the Bashmakh and Pirouz Khan crossings.”

Al-Jabri added, "The document revealed that the price of transporting one ton of crude oil to Iran is $135," noting that "this issue caused an internal crisis in the land transport of oil, considering that most of the tankers are private and have turned towards loading these smuggled materials, and there has been a defect in the transport of official oil, because SOMO pays $33 per official ton, while the cost of transporting smuggled oil reaches $135 per ton, and thus most of the tankers have turned to transporting smuggled oil."

Al-Jaberi continued, "This crisis has caused the accumulation of crude oil in a number of refineries, which has affected the quantity of petroleum derivatives in these refineries," noting that "the Parliamentary Oil and Gas Committee is following up on this issue with importance, and we will host general managers in this regard."   link

Mot: ooooooooh the Games they Play!!! 

Mot: Only ""Cat Owners"" can Relate!!! 

Seeds of Wisdom RV and Economic Updates Thursday Evening 8-15-24

Good Evening Dinar Recaps,

XRP Adoption in Japan: A Comprehensive List of Banks Embracing Ripple’s Technology

▪️Leading banks in Japan are tirelessly working towards shifting how Cross-border transactions are handled by integrating the XRP ecosystem.

▪️Banks like SBI Holdings and Mizuho Bank, part of a 61-member consortium, are working towards worldwide cryptocurrency adoption, especially XRP.

Ripple is emerging as a dominant force in the crypto sphere. The token is rapidly gaining traction, and Japan is at the forefront of this trend by wholeheartedly embracing XRP. Additionally, Japan is also at the front line, particularly in the realm of cross-border payments.

As per a recent CNF report, Ripple has formed strong alliances with leading financial institutions. Notably, 80% of Japanese banks have collaborated with this crypto titan.

List of Japanese Banks set to use #XRP.

1️⃣ SBI Holdings – Tokyo
2️⃣ Mizuho Bank – Tokyo
3️⃣ Sumitomo Mitsui Trust Bank – Tokyo
4️⃣ Resona Bank – Osaka
5️⃣ Bank of Yokohama – Yokohama
6️⃣ The Chugoku Bank – Okayama
7️⃣ The Tokyo Star Bank – Tokyo
8️⃣ The Toho Bank – Fukushima
9️⃣… pic.twitter.com/BCoK3Df41f

— Jack Straw (@JackStr42679640) August 12, 2024

@ Newshounds News™

Source:  Crypto News

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Cardano’s Hoskinson Names AI-Blockchain Use Cases—Is ADA Ready to Seize the Moment?

▪️In his recent presentation at the Ai4 conference, Cardano co-founder Charles Hoskinson addressed the intricacies around the merging of blockchain technology and Artificial Intelligence (AI).
▪️According to him, AI’s reliance on huge computational resources could be offset by the existence of tokenomics.

The groundbreaking entry of Artificial Intelligence (AI) into the crypto or blockchain space was the focal point of the Ai4—Artificial Intelligence Conferences 2024, which featured Cardano’s (ADA) Charles Hoskinson as a speaker.

In his keynotes, Hoskinson delved into the ongoing situation of AI leveraging blockchain as an incentive and trust layer to create a decentralized marketplace for data, models, and inference.

Summarizing Hoskinson’s speech:

Merging blockchain and AI presents significant challenges but also opens up opportunities for innovation. From governance and data privacy to decentralized marketplaces and ethical concerns, the intersection of these technologies requires careful coordination and incentives alignment to unlock its full potential.

@ Newshounds News™

Read more:  Crypto News Flash

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Member-countries of Eurasian banks council can agree upon common approaches in ESG sphere

Countries identified resolution of issues related to disclosure of reports in the sustainable development sphere and the expansion of the range of financial products in ESG among key tasks during the three next years

MOSCOW, August 15. /TASS/. All member-countries of the Eurasian Council of Central (National) Banks (ECB) informed about their involvement in the Environmental, Social and Governance (ESG) and climatic transition agenda, according to data of the poll held by the Bank of Russia.

Countries identified resolution of issues related to disclosure of reports in the sustainable development sphere and the expansion of the range of financial products in ESG among key tasks during the three next years.

"Several ECB countries issued regulatory legislative acts or documents of advisory nature, describing requirements/recommendations as regards the disclosure of information by public companies and financial institutions in the sustainable development sphere. 

The next step can be agreement of unified approaches to disclosure of information in sustainable development sphere in ECB space, which can provide in particular for development of the common capital market to finance sustainable development," the Bank of Russia said.

Furthermore, harmonization of approaches to sustainable (including green) kinds of activity and joint analysis of practices of assigning ESG ratings and their methodologies are possible over time, which will contribute to further development of the sustainable development financing market.

ECB countries noted significance of arising climatic risks and recognized the need to assess these risks and roll out approaches towards their recording and regulation. 

"The majority of countries considers over time the possibility of introducing regulation for banks in management of climatic risks within the framework of internal procedures of capital adequacy assessment and risk-sensitive stimulating regulation," the Bank of Russia said. 

@ Newshounds News™

Read more:  TASS

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IOTA Enhances Trust and Security in European Identity Wallets for E-Commerce

▪️The European Identity Wallet is set to transform identity verification by allowing users to log in to websites without the need for passwords, while sharing verified information with ease.

▪️The integration of Self-Sovereign Identity (SSI) and decentralized identifiers (DIDs) is seen as a key step in combating these issues, with organizations like IOTA and Impierce Technologies leading efforts.

The implementation of the European Identity Wallet is nearing 2026, with several organizations exploring its potential while focusing on user authentication. 

This wallet will revolutionize identity verification by offering users a secure and seamless way to confirm their identity with greater certainty.

The IOTA Foundation is one of the key organizations working towards making the European Identity Wallet project a success.

Along with user authentication, Self-Sovereign Identity (SSI) has been gaining traction in the B2B sector, particularly in trade and finance. Furthermore, the European Identity Wallet currently lacks support for organizational identification. Thus, its correct usage can help restore trust in digital spaces by combating crypto scams and frauds.

With the upcoming eIDAS 2.0 regulations, users will be able to log in to any complaint website using the European Identity Wallet without having to create an account or password.

 Furthermore, this Wallet will allow users to share verified information, including email, age, address, and contact numbers, just with a click of a button.

This helps reduce customer friction while streamlining the overall eCommerce experience. The mutual authentication enabled by this process benefits both the user and the website, helping to build trust on both sides.

A Proof-of-Concept project, UniMe, seeks to get certified as a European Identity Wallet after recently updating its login flow. The user has to do domain verification to validate the identity. Furthermore, UniMe employs other trust layers, giving the user confidence that they are logging into a secure website.

IOTA Helps to Build the Trust in Digital Identity

One of the biggest challenges today is establishing trust between users, websites, and businesses, especially in a B2B environment amid the rampant spread of scam emails, fraudulent invoices, fake social media accounts, and deceptive websites. With online space facing such threats, the concept of “don’t trust but verify” is becoming even more essential.

The upcoming eIDAS 2.0 regulation and the European Identity Wallet offer a promising solution to restore trust. This regulatory shift aims to provide companies with the necessary tools to protect users, customers, and clients from online fraud. 

Impierce Technologies is at the forefront of this initiative, developing core technology components that allow businesses to participate in a trusted information exchange ecosystem.

The solution uses the decentralized identifiers (DIDs) of the World Wide Web Consortium (W3C) to create unique identifiers for companies.

This system can operate either without blockchain using did: web or be published to blockchain platforms such as EBSI or IOTA, enhancing trust in the verified identity, as reported by CNF.

Furthermore, according to the CNF report, the European Sandbox Initiative selected IOTA’s Web3 ID solution earlier in June.

@ Newshounds News™

Source:  CryptoNews

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Telegram mini-app TON Turbo allegedly an exit scam

After many users raised concerns about withdrawals, a Telegram mini-app called TON Turbo began scrubbing its digital footprint.

TON Turbo, a project built atop The Open Network, offers users so-called Toncoin mining rigs to generate profits by depositing crypto via a Telegram chat box. The mining rigs promised nearly doubled returns on the initial capital, with an opportunity to earn TON and prominent memecoin Shiba Inu .

However, several aspiring miners using the platform reported withdrawal difficulties. Replies on the project’s Telegram channel suggested its deposit mechanism was a one-way corridor.

Additionally, TON is a proof-of-stake blockchain where validators are the key network contributors. Mining typically refers to proof-of-work networks like Bitcoin, which relies on participants called miners to validate transactions and discover new coins.

Once users sent crypto to the virtual mining rig, it seemingly churned profits over time, but withdrawing rewards was impossible. When users pointed out the issue, TON Turbo disabled customer support and locked its chat rooms.

The protocol closed replies between July 27 and Aug. 5, but the team continued to post promotional updates on X and Telegram.

TON Turbo ghosts customers

TON Turbo claimed to have secured several marquee partnerships, including with The Open Network, Tonkeeper, Telegram mini-game Dogs, and Shiba Inu.

These claims were unverified, and crypto.news could not find proof of said partnerships outside of TON Turbo’s announcements. Requests for comments sent to TON Turbo admins were unanswered at press time.

Project admins had deleted their Telegram accounts, and the private social network tagged updates on TON Turbo’s channel as a “scam.”

Social media and the project’s Telegram channel signaled that hundreds to thousands of investors tried using the supposed Telegram mining rig. How many users may have suffered losses is unknown, and how much was lost to this apparent exit scam remains to be seen.

 @ Newshounds News™

Source:  Crypto . News

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Iraq Economic News and Points to Ponder Thursday Evening 8-15-24

Among Them Is The Delay In Distributing Profits.. An Economic Diagnosis Of The Reasons For The Decline In Stock Prices On The Iraqi Stock Exchange

Stock Exchange  Economy News – Baghdad  Financial markets expert, Tamara Hussein, attributed the decline in stock prices on the Iraqi Stock Exchange today, Thursday, to the lack of demand from investors.

Most of the stocks in the Iraq Stock Exchange have witnessed a decline in their value since the tension in the region, as the leading stocks continue to decline.

Hussein said, in an interview with "Al-Eqtisad News", that "the decline in stock prices in the Iraqi Stock Exchange is due to many reasons, the most important of which is the weak demand due to the lack of liquidity available in the market, as well as the increase in banks' capital through subscriptions that were conducted in previous months, as they withdrew a lot of money from investors."

She added, "The other reason is the delay in distributing the profits that were approved by some banks," adding, "We hope that the market's performance will improve after they are distributed."

She pointed out that, "The third issue revolves around foreign investors' sales, in addition to inaccurate news that talks about the possibility of a global crisis in the financial markets, which caused a state of panic and withdrawal from trading, which is an expected and natural situation."

The financial markets expert expected that "leading companies will regain their usual positions in the coming months." To view the latest news, follow us on Telegram  https://t.me/Economynews2021 - https://economy-news.net/content.php?id=46336

The Stock Market Ends The Week With Losses

Stock Exchange  Economy News – Baghdad  The stock market ended its week, Thursday, with losses of 0.20%.  The session witnessed the trading of 3.4 billion shares, worth 1.8 billion dinars.

552 transactions were executed on the shares of 36 traded companies.

The value of shares of 15 traded companies decreased, while the value of shares of 5 other companies increased.  103 viewS   2024/08/15 - https://economy-news.net/content.php?id=46354

Central Bank Of Iraq Announces The Establishment Of A Complaints Management Platform

Banks  Economy News – Baghdad  The Central Bank of Iraq announced, on Thursday, the establishment of a platform to manage citizens’ complaints, while confirming that the period for processing the complaint will not take more than five days.

The Central Bank's media office said in a statement, seen by "Al-Eqtisad News", that "the platform was created in the context of work to develop institutional work performance and simplify government procedures by shifting to digital transactions, and for regulatory objectives that are consistent with the Central Bank of Iraq Law No. (56) of 2004 as the sectoral body supervising the work of all licensed financial institutions."

He added, "The establishment of the platform also came in view of the continuous development witnessed by the electronic financial industry, and due to its great importance in achieving economic growth, financial stability and enhancing levels of financial inclusion, the Central Bank of Iraq has created an electronic platform for managing the complaints system."

He added, "The work of the platform is summarized in automating the receipt of all public complaints by financial institutions via the electronic complaint form link, and its processing is managed under the supervision of the Central Bank of Iraq and its financial institutions through this platform." He continued,

"The period of processing the complaint does not take more than five working days, by the financial institution concerned with the complaint, in addition to its importance and nature."

The bank indicated, according to the statement, that "the prepared platform is in the training phase for authorized banking and non-banking financial institutions, and it will be launched in real time after the training operations are completed."

The Central Bank published the platform link, which appears below:

https://cbi.iq/static/uploads/up/file-172371164075527.pdf

116 views  Added 2024/08/15 - https://economy-news.net/content.php?id=46348

Al-Sudani's Advisor: Iraq's External Debt Does Not Exceed 9 Billion Dollars

Economy  | 12:16 - 08/15/2024  Mawazine News – Baghdad  The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Thursday, that Iraq's external debts do not exceed 9 billion dollars.

Salih said that "Iraq's external debts due during the current decade do not exceed 9 billion dollars in all cases."

He added that "the general budget provides sufficient annual allocations to service all debts, which means paying installments and interest, according to the nature of the debt, which is called debt amortization."

He continued that "Iraq has not recorded any default in paying its external debt obligations over the past twenty years," noting that "payment mechanisms are carried out according to strict financial and banking rules that are highly coordinated between the Ministry of Finance and the Central Bank of Iraq."

He added that "this has shown sustainable stability in the creditworthiness indicators of global rating agencies, since the adoption of the first credit rating for Iraq in 2016 until the present time."

https://www.mawazin.net/Details.aspx?jimare=253309

Dollar Exchange Rates Stabilize In Baghdad And Erbil

Thursday 15 August 2024 10:34 | Economic  Number of readings: 175  Baghdad / NINA / The exchange rates of the US dollar stabilized, Thursday morning, in the markets of Baghdad and Erbil.

The price of the dollar stabilized with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 150,000 Iraqi dinars for every 100 dollars, which is the same price as yesterday, Wednesday.

The selling price stabilized in exchange shops in the local markets in Baghdad at 151,000 dinars, and the purchase price was 149,000 dinars, for every 100 dollars.

In Erbil, the dollar also stabilized in exchange shops at a selling price of 150,000 dinars and a purchase of 149,900 dinars for every 100 dollars. / End H To https://ninanews.com/Website/News/Details?key=1147871

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

Evening News with MarkZ and Dr. Sott Young. 08/15/2024

Evening News with MarkZ and Dr. Sott Young. 08/15/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

MZ:  Very cool bank story sent to me:  “I’m with a very small credit union in Alabama. I went this morning and asked if they had the new currency ready? The teller grinned and pointed to a large metal machine between them…She said that as soon as somebody wants to withdraw cash and corporate gets the code- the machine will start spitting out the notes. These branches only have 2 tellers and  they both were really excited to talk about it.

MZ: Some of the newer banks have a machine that counts …I love it…They know about new currency and already have it pre-loaded in the machine. They just need the code to turn the machine on as soon as corporate gets it….Then we get the new money.  For me this was an epic bank story.

Member: My CHASE BANK in Tulsa, OK has the new ATM’S. Bank manager walked us through it. I was depositing cash and I would have NEVER done that. Just laid my cash in the door and got my receipt.

Member: I have used the new ATM at my CHASE BANK. But the bank manager still insists that they won’t be accepting foreign currency, even though they sell it ?????

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

Please listen to the replay for all Dr. Scott’s Information and Opinions

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=_kjPxcMH1mU

Some Thursday “Iraq News” Posted by Clare at KTFA 8-15-2024

KTFA:

Clare:  The Central Bank of Iraq organizes an awareness workshop on illicit gains

August 15, 2024

The Central Bank of Iraq, Human Resources Directorate/Women's Affairs Division, organized an awareness workshop on illicit gains in cooperation with the Integrity Commission.

The workshop addressed the laws, legislation and penalties related to illicit gains and the importance of applying e-governance in state departments and institutions to reduce them.

The workshop reviewed the role and efforts of the Central Bank of Iraq in responding to the requirements of the Integrity Commission, especially in implementing the National Strategy for Integrity and Combating Corruption (2021-2024).

It is noteworthy that the Central Bank of Iraq has organized many seminars and workshops for its employees in the field of combating corruption during the past months.

 Central Bank of Iraq
Media Office
August 15, 2024

https://cbi.iq/news/view/2641

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Clare:  Parliamentary Finance Committee to US Delegation: The Triennial Budget Represents an Important Message to Foreign Companies

8/14/2024  Baghdad

The head of the parliamentary finance committee, Atwan Al-Atwani, confirmed to the delegation of the US embassy in Baghdad, on Wednesday, that the three-year budget represents an important message to foreign companies.

The media office of the head of the parliamentary finance committee said in a statement, seen by "Al-Eqtisad News", that "the head of the parliamentary finance committee, Atwan Al-Atwani, received a delegation from the US embassy in Baghdad, headed by the Minister Plenipotentiary for Economic and Commercial Affairs, Julie Jules."

The statement added that "Al-Atwani reviewed - during the meeting - the financial and monetary situation in the country, and the role of the finance committee in monitoring the implementation of the general budget law, especially the paragraphs related to maximizing non-oil revenues or those supporting the private sector and investment."

It pointed out that "Al-Atwani addressed the most important challenges facing financial policy in Iraq, most notably the restrictions and procedures of the US Treasury, which have had a significant impact on the work of the banking sector and caused the continued crisis of fluctuations in the dollar price."

The head of the finance committee - according to the statement - touched on "the importance of the private sector entering as a major partner with the government in implementing and financing projects and providing services," stressing "his committee's determination to approve the law on partnership between the public and private sectors, in addition to amending the tax law in a manner that keeps pace with the development taking place in the work of the tax system, whether in providing services or collection." 

The statement added that "the meeting discussed ways to enhance joint bilateral cooperation between Iraq and the United States within the framework of the Strategic Framework Agreement, and to activate its economic contents related to developing capabilities and helping to reform the financial and banking system."

For its part, the US embassy delegation praised "the experience of the three-year budget for its tangible positive repercussions in terms of improving the living conditions of Iraqis and enabling the government to perform its duties," stressing "its readiness to cooperate and work together with the Finance Committee to solve the existing problems between the US Treasury and Iraqi banks."

Al-Atwani stressed - according to the statement - that "the three-year budget represents an important message to foreign countries and companies that Iraq's financial situation is good and there is no obstruction or halt in contracts and implementation," explaining that "Iraq is rich in its wealth and energies and all it needs is wise management of money."

He continued, "We suffer from the problem of unfair US Treasury sanctions against 14 Iraqi banks without prior warning," indicating that "obligating Iraq to cover its foreign transactions through the platform and punishing a large number of its local banks are among the most important reasons for the continuation of the dollar crisis and the creation of the parallel market."

Al-Atwani expressed his "hope that this meeting will be a starting point for a new phase of cooperation, understanding and assistance in addressing the problem of US Treasury restrictions and procedures on the financial and banking sector."  LINK

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

Clare:  Italian company begins work on updating Mosul's basic design

8/15/2024

The cadres of the Italian company in charge of the project to develop and modernize the basic design of the city of Mosul began, today, Wednesday, the geographical survey work in the city.

Nineveh Deputy Governor for Reconstruction Affairs, Abdul Wahab Sultan, told Shafaq News Agency, "The cadres of the Italian company (SGI), which is responsible for the project to update the basic design of the city of Mosul, have started their work in the field geographical survey in the city, in the first steps aimed at implementing the project to develop the basic design of Mosul."

Sultan stressed that "the Nineveh Governorate administration is proceeding with all its energy and determination to develop Mosul and change its reality for the better, which can only be achieved through implementing the city's basic design expansion project."

Last March, the governor of Nineveh announced the signing of a contract to update and expand the basic design of the city of Mosul, after the last expansion of the city since the year 2000.

The expansion of Mosul includes a distance of 7 km in all directions from Mosul, and the new design is supposed to secure 160 thousand dunums of land that will be allocated to establish large projects and infrastructure that will serve the city and all components in Nineveh.

Over the past years, the project has been met with objections from some components in the Nineveh Plain, while political forces from the Shabak component that have an armed faction announced their refusal to allow the implementation of the expansion project towards eastern Mosul, under the pretext of fear of demographic change.   LINK

Clare:  Al-Sudani concludes his visit to Karbala.. This is what it included

8/15/2024 Baghdad

Prime Minister Mohammed Shia Al-Sudani concluded his visit to the holy Karbala Governorate today, Thursday, which included the opening of several projects.

The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that "Al-Suwani returned to the capital, Baghdad, after concluding his visit to the holy Karbala Governorate, which included:

■ Follow up on work in the facilities and installations of Karbala International Airport.

■ Launching the implementation works for three power station projects:

● Combined cycle of Karbala gas station with a capacity of (132 megawatts).

●Karbala Solar Power Plant Investment Project with a capacity of (300 megawatts),

● Karbala Banks Secondary Transformation Station 400 kV, with a capacity of (1500 MVA), as part of a package of projects to resolve bottlenecks in the transmission of electrical energy.

■ Announcing the largest project to produce (10) thousand megawatts of electric power.

■ Inauguration of Karbala Industrial City, and launching of executive works for four industrial projects/first phase, in the city, which are:

● Industrial gases plant with a capacity of (1000 tons/day).

 ● White oil factory with a capacity of (1000 cubic meters/day).

 ●Vacuum distillation plant with a capacity of (2500 tons/day), and organic solvent plant with a capacity of (1000 cubic meters/day).  LINK

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

Clare:  Al-Sudani announces readiness to launch the "largest" electricity production project in Iraq

8/15/2024

Prime Minister Mohammed Shia al-Sudani announced on Thursday that his government is ready to launch the "largest" electricity production in Iraq at a rate of 10,000 megawatts.

Al-Sudani said in a speech during the ceremony to launch the executive works of the projects of three power stations in Karbala Governorate, that this project is a strategic project in electrical energy, which will be implemented according to a new economic model and a new vision that will be announced to the private sector, after it has been studied by a team of consultants specializing in electricity.

He stressed that the stability of energy sources is an encouraging factor for investment and development, and pushes for the development of sources of income by activating all other economic sectors, in addition to the ongoing work to improve the transportation and distribution sector, to deliver electricity service in a sustainable manner to the citizen, without it being a burden on the state and its financial budget.

Al-Sudani also pointed out that the combined cycle projects and solar energy projects are part of the government's plans to reform the electricity system, indicating that the launch of the solar energy project in Karbala and Babylon will continue with the rest of the governorates, which is happening for the first time in Iraq.

He stressed the importance of supporting the private sector, which represents a support for the government in facing crises, emphasizing the special nature of Karbala Governorate, which is visited by millions of visitors throughout the year from inside and outside Iraq.

The three projects launched by Al-Sudani in Karbala are: the combined cycle of the Karbala gas station with a capacity of (132 megawatts), the Karbala investment solar energy station with a capacity of (300 megawatts), and the Karbala secondary transformer station, 400 KV, with a capacity of (1500 megawatts).

It is worth noting that the three station projects will achieve an increase in the production of electrical energy, as the combined cycle of the Karbala gas station contributes to adding (132) megawatts to the currently operating station, with a total design capacity of (250) megawatts, while the Karbala solar energy investment station project is one of several important contracts concluded by the government in the field of renewable energy projects with a number of specialized international companies, including signing a contract to implement a solar energy station with a private sector company with a capacity of (300) megawatts.

As for the Karbala Banks Secondary Station 400 KV, with a capacity of (1500) megawatts, it is being implemented within the second phase of the electrical energy transmission projects, under the contract with the German company Siemens, and is the first transformer station of its kind in Karbala, and will contribute to relieving bottlenecks in the network, thus raising the level of stability and meeting the needs of the various sectors in the Middle Euphrates region.    LINK

More News, Rumors and Opinions Thursday PM 8-15-2024

TNT:

Tishwash:  As the region continues to steal oil...the oil and gas law is in the parliament's drawers

The draft oil and gas law is one of the most controversial issues between the political blocs and the Kurdish national component.

The Kurds continue to steal Iraqi oil and sell it on the black market for half its market value, which is a huge waste of the country's financial resources.

Independent politician Adnan Abdullah confirmed on Thursday that oil smuggled from the Kurdistan region is sold for less than half its value.

Abdullah told Al-Maalouma, “The region smuggles about 300,000 barrels per day, and this is no secret and the government and all political forces know about it.”

He added, "The smuggled oil is sold for less than half its value, which is what drives some brokers in neighboring countries to deal with the smuggling file due to the large profits, noting that" mutual interests with some forces in Baghdad push for not opening this sensitive file."

He pointed out that "oil smuggling is illegal and represents a drain on the national wealth that everyone must preserve and its management must be federal."

It is noteworthy that oil smuggling operations from the Kurdistan Region have been ongoing for years by some of the ruling parties in the region.

Despite the government's moves to end the violations of the region's oil exports by passing the Oil and Gas Law, the obstacle of the Kurdish parties is what is pushing to suspend the law by objecting to the paragraphs and articles of the law that will end the region's Violations in the operations of extracting and exporting oil through the Turkish port of Ceyhan.

The  continuous objection and the placing of obstacles are due to preventing the approval of the law that may end the theft of contracts with foreign extraction companies in which the Barzani government is a major partner, in addition to ending the seizure of oil revenues and the positions They control as a result of exporting independently of the central government and the national SOMO company. 

The Kurdish objection is centered on the paragraph of the control of the National Marketing Company (SOMO) over the operations of extracting, exporting and selling oil and gas.

Legal experts confirmed that all the articles that the Kurdish parties object to are not legal and constitutional, but rather in order to continue seizing the country's wealth.  

The sources indicate that the Kurdish parties exploit the weakness of the governments in order to obtain high percentages of money, oil and gas revenues, and the approval of the law will end all these operations.

This is one of the reasons for not passing the oil and gas law from the House of Representatives, due to the major political differences that will keep the law in the drawers of the House of Representatives.

Member of the committee, MP Mohammed Anouz, ruled out today, Thursday, the ability of the political blocs to pass the oil and gas law and some other controversial laws.

Anouz told the / Al-Maalouma / agency, “The legal committee has a number of controversial laws that cannot be passed due to the political differences over them.”

He added, "There are laws that cannot see the light during this session due to the deep differences, most notably the oil and gas law that has not been decided for four previous parliamentary sessions."
He confirmed that the law will be postponed to the next session in the hope that it will find consensus on it.   link

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

Tishwash:  State Department in response to US State Department spokesman: There are no US forces in Iraq except for military advisors

One journalist, with his inaccurate answer, the State Department would like to clarify the following:

First: There are no American forces in Iraq except for military advisors who are under the umbrella of the international coalition. These advisors are included in the outputs of the work of the Military Committee

The highest level, and both parties are committed to the established mechanisms and their outcomes. Second: The work of the Supreme Military Committee during the past months focused on assessing the threat of ISIS with the aim of reaching a deadline for ending the military mission of Operation Inherent Resolve. On this basis, the presence of international coalition advisors of all nationalities on Iraqi soil will be terminated.

These discussions included details that included the hierarchy of advisors’ withdrawal from the sites, and all that remained was to agree on the details and date of the announcement and some other logistical aspects. We were very close to announcing this agreement, but due to recent developments, the announcement of the end of the international coalition’s military mission in Iraq was postponed.

Third: The bilateral relationship with the United States in all fields, including the security relationship, is completely separate from the course of the relationship with the international coalition forces. This relationship existed before the alliance and will continue after it. The Iraqi delegation discussed the future of the security relationship in areas:  link

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

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

Frank26  Question: "Why is no one speaking of the WTO meeting with Iraq on Friday?"  Because it's not that important.  They were supposed to get everything done by the 15th for the WTO.   What are they going to do Friday?  They're just going to talk about it.  It's not until the value of the Iraq dinar is released and the lower notes and lifting of the three zeros, that's when they'll join the WTO...Why do they want a sanctioned rate? ...They don't.  They know exactly what they're doing.

Militia Man  There are a lot of things that are rough and tumble out there.  On a good note, everything  we're seeing is still focused and still on track and I think we're going to be in good shape.  If they launched this over a year ago, we're coming to a close.  I firmly believe it, they're coming to a close and they're getting ready to do what they have to  do...

BRICS Move Gold-Backed 'Unit' Plans Forward Ahead Of October Meeting In Kazan

Arcadia Economics:  8-14-2024

Various Russian officials have made comments alluding to a greater gold involvement in the monetary system ever since (and in some ways even before) they were kicked out of the SWIFT system in 2022.

Yet while there have been no formal announcements, signs of progress have been emerging. And 2 months ago Matt Riley joined me on the show to talk about 'the Unit,' which is a proposal for a payment settlement currency that would include a 40% gold backing.

Today Matt returns to the show and provides an update on how the plan is evolving ahead of the BRICS October meeting, and whether he expects an announcement at that meeting.

We also talk about whether a successful Unit would ultimately force the west to put some sort of collateral behind their own currencies, and whether he expects people to front-run the move if the plan continues to progress and eventually become more public.

While we don't yet know the ultimate outcome, evidence of the possibility of a potentially landscape-changing transition continues to emerge.

And to find out more about it, months before most of the world will ever have any idea, click to watch the video now!

https://www.youtube.com/watch?v=J23gSixFjnk

Iraq News Highlights and Points To Ponder Thursday Afternoon 8-15-24

Parliamentary Oil Committee Reveals Details Of Oil Smuggling From The Region To Iranian Ports

Energy   Economy News – Baghdad  The Parliamentary Oil and Gas Committee revealed, on Thursday, the details of oil smuggling from the Kurdistan Region to Iranian ports, explaining that this operation caused a crisis in the transfer of crude oil between Iraqi refineries.

The deputy head of the committee, Adnan al-Jaberi, said in a press interview, "We have seen a document issued by the State Oil Marketing Organization (SOMO) regarding the smuggling of oil from the Kurdistan Region to Iranian ports," noting that "this document states that oil is smuggled from Erbil and Sulaymaniyah via tankers through the Bashmakh and Pirouz Khan crossings."

Al-Jabri added, "The document revealed that the price of transporting one ton of crude oil to Iran is $135," noting that "this issue caused an internal crisis in the land transport of oil, considering that most of the tankers are private and have turned towards loading these smuggled materials, and there has been a defect in the transport of official oil, because SOMO pays $33 per official ton, while the cost of transporting smuggled oil reaches $135 per ton, and thus most of the tankers have turned to transporting smuggled oil."

Al-Jaberi continued, "This crisis has caused the accumulation of crude oil in a number of refineries, which has affected the quantity of petroleum derivatives in these refineries," noting that "the Parliamentary Oil and Gas Committee is following up on this issue with importance, and we will host general managers in this regard."

121 views  Added 2024/08/15 - https://economy-news.net/content.php?id=46337

As The Region Continues To Steal Oil...The Oil And Gas Law Is In The Parliament's Drawers

Economy   As the region continues to steal oil...the oil and gas law is in the parliament's drawers[/size]

Information / Report.. The draft oil and gas law is one of the most controversial issues between the political blocs and the Kurdish national component.

Follow "Al-Maalouma" channel on Facebook.. News that does not need verification..

The Kurds continue to steal Iraqi oil and sell it on the black market for half its market value, which is a huge waste of the country's financial resources.

Independent politician Adnan Abdullah confirmed on Thursday that oil smuggled from the Kurdistan region is sold for less than half its value.

Abdullah told Al-Maalouma, "The region smuggles about 300,000 barrels per day, and this is no secret and the government and all political forces know about it."

He added, "The smuggled oil is sold for less than half its value, which is what drives some brokers in neighboring countries to deal with the smuggling file due to the large profits, noting that "mutual interests with some forces in Baghdad push for not opening this sensitive file."

He pointed out that "oil smuggling is illegal and represents a drain on the national wealth that everyone must preserve and its management must be federal."

It is noteworthy that oil smuggling operations from the Kurdistan Region have been ongoing for years by some of the ruling parties in the region.

Despite the government's moves to end the violations of the region's oil exports by passing the Oil and Gas Law, the obstacle of the Kurdish parties is what is pushing to suspend the law by objecting to the paragraphs and articles of the law that will end the region's violations in the operations of extracting and exporting oil through the Turkish port of Ceyhan.

The   continuous objection and the placing of obstacles are due to preventing the approval of the law that may end the theft of contracts with foreign extraction companies in which the Barzani government is a major partner, in addition to ending the seizure of oil revenues and the positions they control as a result of exporting independently of the central government and the national SOMO company.

The Kurdish objection is centered on the paragraph of the control of the National Marketing Company (SOMO) over the operations of extracting, exporting and selling oil and gas.

Legal experts confirmed that all the articles that the Kurdish parties object to are not legal and constitutional, but rather in order to continue seizing the country's wealth. 

The sources indicate that the Kurdish parties exploit the weakness of the governments in order to obtain high percentages of money and oil and gas revenues, and the approval of the law will end all these operations.

This is one of the reasons for not passing the oil and gas law from the House of Representatives, due to the major political differences that will keep the law in the drawers of the House of Representatives.

Member of the committee, MP Mohammed Anouz, ruled out today, Thursday, the ability of the political blocs to pass the oil and gas law and some other controversial laws.

Anouz told the / Al-Maalouma / agency, "The legal committee has a number of controversial laws that cannot be passed due to the political differences over them."

He added, "There are laws that cannot see the light during this session due to the deep differences, most notably the oil and gas law that has not been decided for four previous parliamentary sessions."

He confirmed that the law will be postponed to the next session in the hope that it will find consensus on it. LINK

Politician: Oil Smuggled From Kurdistan Region Is Sold For Less Than Half Its Value

Economy    Information/Baghdad    Independent politician Adnan Abdullah confirmed on Thursday that oil smuggled from the Kurdistan Region is sold for less than half its value.

Abdullah told Al-Maalouma, "The region smuggles about 300 thousand barrels per day, and this is no secret, and the government and all political forces know about it."

He added that "smuggled oil is sold for less than half its value, and this is what prompts some brokers in neighboring countries to deal with the smuggling file due to the large profits, noting that "mutual interests with some forces in Baghdad prompt not to open this sensitive file."

He pointed out that "oil smuggling is illegal and represents a drain on the national wealth, which must be preserved by everyone and managed by the federal government."

It is noteworthy that oil smuggling operations from the Kurdistan region have been ongoing for years by some of the ruling parties in the region. LINK

Parliamentary Legal Committee Rules Out Passing Oil And Gas Law

Economy    Information / Baghdad..   Today, Thursday, the committee member, MP Mohammed Anouz, ruled out the ability of the political blocs to pass the oil and gas law and some other controversial laws.

Anouz told Al-Maalouma Agency, "The Legal Committee has a number of controversial laws that cannot be passed due to political differences over them."

He added, "There are laws that cannot see the light of day during this session due to deep differences, most notably the oil and gas law, which has not been decided for four previous parliamentary sessions."

He stressed that the law will be postponed to the next session, hoping that it will be agreed upon LINK

Parliamentary Finance Committee Discusses With Us Embassy The Financial And Banking System And The Lack Of Dollars In The Market

Local | 06:19 - 08/14/2024  Parliamentary Finance Committee discusses with US Embassy the financial and banking system and the l Default

Mawazine News – Baghdad  The Parliamentary Finance Committee confirmed, on Tuesday, discussing the financial and banking system and the lack of the dollar in the Iraqi market with a delegation from the US Embassy in Baghdad.

A statement by the Parliament's media department received by Mawazine News stated that "the head of the Parliamentary Finance Committee, Atwan Al-Atwani, received at the committee headquarters, in the presence of Representative Khalil Al-Dawski, today, Wednesday, a delegation from the US Embassy in Baghdad, Minister Counselor for Economic and Trade Affairs Julie Jules, Deputy Counselor for Economic and Trade Affairs Angel Fintling, Macroeconomic Officer, Economic and Financial Section Michael Pinnell, and Economic Assistant/Economic Section, to discuss the financial and banking system in the country, Ammar Al-Ammar."

The statement continued, "The meeting discussed the financial and economic situation in the country and the repercussions of the parallel market issue and its negative impact on the government economically, in addition to the lack of the dollar currency in the market, and the sanctions imposed on some banks, as well as the issue of the electronic platform for exporting the currency."

The head of the committee stressed "the importance of high coordination between the two sides in order to solve the pending financial problems, in addition to the importance of transparent dealing to benefit from the capabilities, and not resorting to dealing in another currency," noting "the need to create an atmosphere of understanding and invest in building bilateral relations on this basis."

Al-Atwani stressed "the committee's keenness to commit to combating financial corruption and confronting money laundering, as they are the basis for building societies, in addition to coordination in order to make correct decisions in this regard."

For her part, the Minister Advisor for Economic and Trade Affairs said that "there is a real opportunity for cooperation and reform of the economic and financial system between the two sides," stressing "working together to find appropriate solutions to all problems for the stability of Iraq as a basic ally of the United States."

The statement noted "providing clarification on the three-year general budget and plans for banking regulation and reform of the spending process, and how to finance projects, in addition to the importance of supporting the private sector and involving it with the public sector, which confirms the importance of investing the revenues achieved and the possibility of providing the service."

According to the statement, Al-Atwani pointed out the "ambition to legislate a law on partnership between the public and private sectors and involve the private sector in the market, in addition to working to amend the tax law and shift from the paper system to the electronic system."

https://www.mawazin.net/Details.aspx?jimare=253273

4 Shrewd Ways to Protect Your Wealth

4 Shrewd Ways to Protect Your Wealth

By Marina Benitez   August 1, 2024  GoBankingRates

Keep your money where it belongs — secure and working for you.

Wealth isn’t about how much money you make, but how much you keep. Whether you’re just starting out or have already built a comfortable nest egg, protecting your wealth can feel like a never-ending game of whack-a-mole. From market fluctuations to unexpected expenses, there’s always something trying to chip away at your hard-earned money.

But don’t worry; we’ve got some clever and easy-to-implement strategies to keep your money right where it belongs — secure and working for you.

1. Protect Your Portfolio With Precious Metals

If the past few years have shown us anything, it’s that disruptions to the market can come out of nowhere. Between the pandemic, supply-chain issues and bear markets, a lot of people’s retirement savings felt the impact. 

That’s why it can be a smart idea to look for ways to protect your retirement savings from the unpredictable. For a lot of people, investing in precious metals is a way to diversify and protect their investments.

One way to do this is with a precious metals IRA through a company like American Hartford Gold. Precious metals often outperform other investments in a volatile market, and their value tends to rise with inflation, making them an effective hedge during uncertain economic times.

Opening a gold or silver IRA is easy, and you can roll over funds from existing retirement accounts. Or you can buy gold and silver directly from American Hartford Gold’s collection.

Worried you may need to sell your precious metals in the future? American Hartford Gold offers buyback commitment and will purchase your assets back from you at the highest price. Plus, American Hartford Gold has an A+ rating with the Better Business Bureau.

Want to diversify and safeguard your investments by adding gold and silver to your portfolio? It’s easy to get started here and get your free guide. 

2. Get Matched With A Financial Advisor for Free

If you’re not already wealthy, getting a financial advisor probably sounds expensive and out of reach. That’s why we like a company called Unbiased. They’ll match you with a financial advisor in your area — for free.

https://www.gobankingrates.com/shrewd-ways-to-protect-your-wealth-2410428/?costid=863&utm_source=yahoo.com&utm_campaign=1281154&utm_term=media_link&pub_inventory=v1&utm_content=5&utm_medium=rss

Why Are These US STATES Buying GOLD? Just Like Central Banks

Why Are These US STATES Buying GOLD?  Just Like Central Banks

VRIC Media:  8-15-2024

We are set up for a historic decade in the commodity sector, this show will be the central source of information and study for my portfolio strategy.

It will be a place where myself and other investors from the sector will stress test our ideas and discuss where we are allocating capital.

This week, I am joined by Jp Cortez, Executive Director of the Sound Money Defense League, who is here to make his case for the return of sound money.

 Jp dives deep into the resurgence of gold and silver as viable forms of money, the legislative victories across U.S. states removing barriers to using precious metals, and the growing trend of states and individuals adopting a personal gold standard.

We also explore the strategic importance of gold in protecting wealth, the challenges of counterparty risk, and the broader implications of these trends for the future of money in America.

0:00 Intro

1:18 The Case for Gold as Money

5:19 - Advantages of Gold & Silver Ownership

13:48 Counterparty Risk & Gold's Role

 18:42 States Adopting Gold in Treasury

 23:57 Global & National Trends in Gold Acquisition

 39:22 - Sound Money as a Constitutional Right

 44:50 - Sound Money Scholarship

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

Global Currency Reset: Record Bank Gold Buying Happening Now

Global Currency Reset: Record Bank Gold Buying Happening Now

On August 13, 2024  By Awake-In-3D

Central Banks Are Stockpiling Gold Like There is No Tomorrow as They Prepare for a Global Currency Reset

As economies around the world face challenges like rising debt and inflation, I think we can all agree that we’re on the verge of a significant financial system shift—a “global currency reset.”

In recent years, there’s been a growing sense that the current global financial system, which relies heavily on paper money (or fiat currencies), is clearly on its path to a logical conclusion in the form of a worldwide systemic crash.

This means that countries will move away from relying solely on traditional fiat currencies like the U.S. dollar and instead turn to something real, like gold, to back their currencies.

To prepare for this possible reset, central banks in various countries have been buying large amounts of gold. They see gold as a safe and reliable asset that can protect their economies if the value of paper fiat currency falls.

This article will explore why central banks are making these moves and what it means for the future of our financial system.

In This Article:

1. Record Gold Purchases by Central Banks in 2024 Signal Preparation for a Global Currency Reset

2. Key Factors Driving Central Bank Gold Accumulation

3. How Gold Will Anchor a Global Currency Reset

4. The Global Economic Impact of Central Banks’ Gold Strategy

As concerns about the stability of the global fiat currency system grow, central banks around the world are aggressively purchasing gold.

By mid-2024, these purchases had set a new record, indicating preparations for an impending global currency reset.

Central banks added a net 483 tons of gold in the first six months of the year, reflecting a strategic move towards gold as a hedge against the risks of the current financial system.

Record Gold Purchases by Central Banks in 2024 Signal Preparation for a Global Currency Reset

Central banks globally have been on a gold-buying spree in 2024, with a net addition of 483 tons in the first half of the year.

This surge represents a 5 percent increase from the previous record of 460 tons set in the first half of 2023. Despite a slight slowdown in the second quarter, central banks bought 183 tons of gold during this period, a figure that remains historically high.

This activity is largely driven by concerns over a potential global currency reset, as trust in the fiat currency system continues to erode.

Key Factors Driving Central Bank Gold Accumulation

The concept of a global currency reset is gaining traction as central banks increasingly view gold as a safeguard against the vulnerabilities of the current financial system.

Countries like China, India, and Turkey have significantly increased their gold reserves, reflecting their strategic intent to diversify away from fiat currencies, particularly the U.S. dollar. China, which paused its official gold purchases in May and June, is speculated to be acquiring gold off the books, contributing to the demand.

This move aligns with broader concerns about the sustainability of the fiat currency system and the potential for a financial reset anchored by gold.

How Gold Will Anchor a Global Currency Reset

The possibility of a global currency reset is prompting central banks to accumulate gold, positioning it as a key element in a new financial system.

With the fiat currency system showing signs of strain—exacerbated by high levels of debt and inflation in major economies—gold is being viewed as a stable alternative. Poland, for instance, has made significant strides to increase the share of gold in its total reserves to 20 percent.

This strategy reflects a broader trend where central banks are preparing for a possible transition to a gold-backed system, which could offer more stability in a rapidly changing economic landscape.

The Global Economic Impact of Central Banks’ Gold Strategy

The strategic accumulation of gold by central banks is a clear indicator that a global currency reset is on the horizon.

The World Gold Council’s recent survey reveals that nearly 30 percent of central banks plan to add more gold to their reserves over the next 12 months. This widespread interest in gold underscores its value in a future where fiat currencies may no longer hold any level of trust.

As central banks continue to stockpile gold, the global economy will witness a significant shift towards a system where gold plays a central role, altering the dynamics of international trade, investment, and monetary policy.

The Bottom Line

The record-setting gold purchases by central banks in 2024 highlight a growing consensus that the global fiat currency system is approaching its end.

As fears of a global currency reset mount, central banks are turning to gold to protect their economies. This trend suggests that gold will soon become the cornerstone of a new financial system, reshaping the global economic order in profound ways.

Supporting Article:

• https://www.linkedin.com/pulse/central-banks-appetite-gold-hasnt-been-satisfied-money-metals-de9je/

• https://www.moneymetals.com/news/2024/08/05/central-bank-gold-buying-through-first-half-of-2024-sets-record-003358

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