MilitiaMan: Iraq Dinar News - IQD Update - Past Shows Future - Banks Restructured - UST - Timing - Digitization

Iraq Dinar News - IQD Update - Past Shows Future - Banks Restructured - UST - Timing - Digitization

MilitiaMan and Crew:  8-16-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=8ZK451vBefQ

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-16-24

Good Afternoon Dinar Recaps,

U.S. Crypto Bill Can Happen This Year, Senate's Schumer Tells Crypto Backers of Harris

At the opening Crypto4Harris event, industry supporters of the Democratic presidential candidate suggested Harris will lead a crypto surge, though she hasn't yet shared her view.“something passed out of the Senate.”

▪️U.S. Senate Majority Leader Chuck Schumer came out guns-blazing during a Crypto4Harris event, saying what's been considered a longshot idea of getting some kind of crypto legislation out this year could really happen.

▪️Billionaire Mark Cuban said former President Donald Trump and his party are primarily interested in crypto to make rich digital assets investors richer.

Sens. Debbie Stabenow and Kirsten Gillibrand joined nearly a dozen other Democratic lawmakers, as well as industry titans like Mark Cuban and Anthony Scaramucci, in a virtual event to garner crypto support for Vice President Kamala Harris's presidential bid.

U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.

@ Newshounds News™

Read more: CoinDesk

~~~~~~~~~

Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them  - OPINION

The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christopher Perkins, president of CoinFund.

In 1974, German regulators liquidated Herstatt Bank because it was unable to settle its foreign exchange obligations. Time zone differences and a lack of global settlement technology led to its demise. 

In the aftermath of this and other bank failures, central bankers formed the Basel Committee on Banking Supervision that same year to set standards for bank capital, liquidity and funding.

Fifty years later, “Herstatt” risk is synonymous with foreign exchange settlement risk, and the Basel Committee has become a powerful forum for global bank supervision because of the regulatory capital standards it sets. Its Basel Rules are designed to ensure that banks are sufficiently capitalized based on the underlying risks of their activities.

However, across the $7.5 trillion a day global foreign exchange markets, Herstatt risk remains. While the financial services industry has sought to modernize its infrastructure, many currencies still take as long as two days to settle. 

And across the $700 trillion derivatives market, lumbering daily batch settlement processes fail to keep pace with the real time volatility of the markets that they seek to collateralize.

But breakthroughs in technology have the potential to banish settlement risk to a thing of the past. There’s a crucial role for blockchain technology to play. Stablecoins, tokens designed to be pegged to an underlying currency and settled on blockchains, can now reduce currency settlement latency from days to a matter of seconds.

The global financial system will be better off if stablecoins are fully adopted and Herstatt risk goes the way of the dinosaurs

Stablecoins, a form of cryptocurrency, are not without risk. Unregulated stablecoins have “de-pegged” in the past because of design flaws or the failure of traditional banks that held their fiat reserves.  

But, strong policies and thoughtful regulations that require transparency and minimum reserve asset standards mitigate these risks. Bank insolvency risk — an issue stemming from traditional, not cryptocurrency markets — can be reduced through more effective capital standards, diversification or policies that allow for the bankruptcy remoteness of stablecoin reserves. or policies that allow for the bankruptcy remoteness of stablecoin reserves.

Properly regulated and backed by quality reserves, stablecoins — with their instant and simultaneous settlement on blockchains — reduce counterparty risk because obligations are satisfied immediately. 

From payments to collateral to foreign exchange markets, this undoubtedly improves the safety and soundness of the global financial system. Clearly, today’s foreign-exchange settlement system is in dire need of a technology overhaul, and regulations should incentivize the adoption of technologies, like stablecoins, that mitigate risk.

Last month, the Basel Committee published a framework describing how stablecoins can achieve “preferential” capital treatment. But, to the Basel Committee, this means that projects achieving these standards will simply receive the same capital treatment as the underlying fiat currency tokenized by the stablecoin.

The banking sector and the global financial system will be better off if stablecoins, settled over blockchains, are fully adopted and Herstatt risk goes the way of the dinosaurs. It’s time for regulators to actually incentivize their use.

@ Newshounds News™

Read more:  Coin Desk,  BIS

~~~~~~~~~

INTERVIEW WITH BOB LOCK on his new book, " MANAGING SUDDEN WEALTH THROUGH SMART TEAM BUILDING A Guide For The Post-RV World  ".  

Listen on Youtube Currency Facts

~~~~~~~~~

NEWS BRIEFS from the NEWSHOUNDS

▪️Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees  |  CoinDesk 

▪️Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time  |  CoinDesk

▪️Dubai court recognizes crypto as a valid salary payment  |  CoinTelegraph 

▪️Coinbase, KuCoin join list of crypto exchanges seeking licenses in Turkey | Crypto . News

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

159 Countries Set to Adopt BRICS New Payment System

159 Countries Set to Adopt BRICS New Payment System

Joshua Ramos   August 16, 2024

Amid the alliance’s continued efforts to create a SWIFT alternative, the economic alliance has sought to create its very own BRICS payment system. It will play a major role in the alliance trade dealings. Specifically, allowing unilateral settlement to be done without the need for the US dollar.

The move is poised to be vital for the bloc and participating nations, and it appears there will be a lot of them. According to one Russian official, there are already 159 countries seeking to adopt the system currently. With a potential launch coming in October, it could have massive global market ramifications.

Countries Flock to BRICS Payment System as SWIFT Opposition Emerges

The past several years have seen the BRICS alliance committed to enhanced de-dollarization efforts. With the impact of Western sanctions on Russia, the move is a clear promotion of local currency and alternative settlement methods. Although many have been skeptical, there is no denying its popularity to this point.

According to Russia’s Central Bank Governor, Elvira Nabiullina, 159 countries are ready to adopt the BRICS payment system when it goes live. Indeed, these foreign participants are looking to explore an expansion to Russia’s System for Transmitting Financial Messages (SPFS) platform.

Nabiullina said the system “is an alternative to SWIFT.” Moreover, she added, “Similar infrastructure exists in some other countries. We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important.”

The payment system has become increasingly important for the alliance. The mechanism is a priority of the upcoming BRICS 2024 Summit, according to the head of Russia’s BRICS Presidency Council, Viktoria Panova.

“Active efforts are underway to create a financial payment mechanism that would make cooperation between BRICS countries easier, maintaining their sovereign trade and economic exchanges,” she said. “This issue tops the agenda because every member of the group sees it as important,” she added.

The system’s debut should come with immediate activity. Additionally, it could open the door to expanded trade dealings for the alliance. With a plethora of nations seeking membership, they could opt to embrace the system when it launches. At this point, there is a chance it is ready for October’s critical summit.

Read full post here:    https://watcher.guru/news/159-countries-set-to-adopt-brics-new-payment-system?c=515

Friday Evening News With MarkZ 8-16-2024

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: Good Evening everyone

Member: Mark, it's Friday night... don't you think it's a perfect time for an EVENT

Member: So Mark could RV happen tomorrow night?

MZ: We don’t know, but there certainly is a tremendous amount of chatter.

Member: Chief Fast Horse on Fearless Floyd today said the RV has started

MZ: I have heard the same rumors…that it has started and things are moving. I reached out to redemption people and banking folks …and they are on “stand-by” and have not been notified….yet.  They have not yet been told “this is it”

MZ: I spoke to one in Reno who is involved with a large group there and they have not been activated and told to come in yet.

MZ: I am not saying it hasn’t started…I believe the overall process has started. Maybe just not getting to the redemption part yet-even for the whales.

MZ: Have I heard that they are hopeful they can do it before the first part of the week- yes I have heard that. .

Member: Are call centers to schedule appointments different than redemption centers? If yes, could be why they are not “scheduled” to work this weekend.

Member: If the redemption centers are the same that set appointments? Could it be possible notifications over the weekend and actual appointments next week? Hypothetically of course!!!!

MZ: I have heard fantastic things from the bond side – that they want a large portion of them to have spendable funds before the 20th. I am hearing fun stuff but staying grounded .

MZ: Don’t be too disappointed if the rumors are off by a day or two.

​​Member: Three banks in my local area, today all three had a full staff parking lot.

Member: If it does go early next week….how long will we have to exchange?

MZ: I am hearing a bare minimum of 30 days for the preferred rates. You will need to set appointments within the first 10 days. I am told that is how it is going to work.

Member: hearing about a substantially higher rate being offered if ALL funds are kept with 1 institution and NDA for rate. Will the rate for wise acct be different from rv rate?

MZ: The Wise rate should be exactly what the street rate is…..whatever that is. And whatever rate they post on forex. The international rate is what you should get for Wise.

Member: Do you think the rate is going to float?

MZ: I do not. But if there is – I was told the float would be very managed and slow. If you hold foreign currency in a foreign currency/multi currency  wise account – it will float along with the currency….

Member: With all our SS numbers being stolen …..Maybe this how they release everyone’s debt, all at once! Since every Social Security number has now been stolen, when they release Nasara, they issue everyone a New ID number or sovereign #

Member: 8-17-2024 = 8-8-8

MZ: Having a stem cell treatment next week so you will be in Zesters capable hands on Monday, Tuesday and Wednesday. I will pop in when I can .I will be in communication though and will share with him.

Member: Zester always said it would happen when you are gone

Member: May the Lord hold Mark in his loving and healing arms for comfort after his procedure. May he have a speedy recovery with the most excellent outcome! I ask in Jesus name! Let it be!

Member: Safe travels Mark, and praying your procedure goes well.

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, MARK AND COMM FAMILY!! WE WILL SEE ALL OF YOU AT 9:45 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST... CBD GURUS ARE ON THE FIRST 45 MIN, AND THEN THE NEWS...

Youtube:     https://www.youtube.com/watch?v=tVMDBl5Qkzc

Iraq Economic News and Points To Ponder Friday Afternoon 8-16-24

The Iraqi Digital Path Diagnoses The Errors Of The Electronic Payment System And Confirms: We Must Start At The Top Of The Pyramid

Posted On2024-08-16 By Sotaliraq  The head of the Iraqi Digital Path Council, Dr. Safad Al-Shammari, identified several errors in the electronic payment system, which the government is calling for to address from time to time, while he stressed that to address these problems, it is necessary to start with the state ministries.

Al-Shammari said, “The electronic payment system in Iraq requires a set of basic requirements, including, foremost, the technical infrastructure, with the availability of fast and reliable internet networks, the development of modern and secure electronic payment platforms, and improving the means of connection between financial institutions, banks and electronic payment companies, not to mention security and protection, by ensuring digital security through data encryption and protection of sensitive information.”

Al-Shammari pointed out that “the success of electronic payment requires the development of anti-electronic fraud measures, such as multi-factor verification, and the availability of strong legislation to protect users from cybercrimes, which should be accompanied by awareness and digital culture, by spreading awareness among users about the benefits and mechanisms of using electronic payment.”

 He added, “In return for a basic need, which is integration with banks and financial institutions, by enhancing cooperation between electronic payment companies and banks to provide integrated services, and enabling instant money transfers between different accounts, which are regulated by the legal and regulatory framework, by establishing clear laws and legislation to regulate electronic payment services, with real government oversight to ensure that all parties adhere to the required standards.”

Al-Shammari stipulates that “for this system to succeed, this government must support public policies by providing incentives and encouragements to companies and citizens to use electronic payment, in an effort to build users’ confidence in the system through reliable and transparent experiences, in addition to ensuring the stability and reliability of the system at all times.”

He stressed that “the electronic payment process was launched as a popular digital financial culture for all citizens, before it started at the top of the pyramid, represented by the state ministries themselves, which was a concern for all citizens when it started working on it, while it faced a challenge represented by the resistance of some of the parties assigned to implement this process in various ways and pretexts, which did not support the opportunities for generalization as a prevailing culture in Iraqi society, in addition to a number of technical factors, most notably the weakness of the technical infrastructure, lack of internet coverage or slow speed.

” Pointing out that “this makes access to electronic payment services difficult or unreliable, and the lack of advanced devices and systems in some rural or remote areas, not to mention security and privacy concerns, with increased concerns about electronic fraud and cyber attacks, and lack of confidence in the system’s ability to protect personal and financial data, which was reflected in individuals’ hesitation to switch from cash to digital payment methods due to old habits or lack of understanding of technology.

” Noting that “this matter has increased the chances of some sectors or even the people working in them resisting change, for fear of losing control or being exposed to new risks.”

Al-Shammari concludes, “Despite the great benefits that the electronic payment system can provide, there are some potential negative effects that must be taken into account, including what is known as the digital divide.

The spread of electronic payment may widen the gap between different groups in society, especially between those who have good access to technology and those who lack it, such as the elderly or residents of rural areas. In addition to the security threats resulting from the increasing reliance on digital systems, there may be an increase in electronic fraud and cyber attacks.

” He indicated that “this exposes users’ data and financial accounts to risk, and the loss of privacy, as it requires collecting more data about individuals and their transactions, which raises concerns about privacy and how this data is used, in addition to what is known as financial exclusion, when some individuals or small companies find it difficult to join the electronic payment system due to costs or technical requirements, which may lead to their exclusion from the digital market.

 These are requirements and factors that must be carefully considered to reach the stage of sound digital dealings.”

It is noteworthy that the Iraqi government decided last year to oblige all its institutions - in addition to private schools and universities, gas stations, stores, restaurants, pharmacies, medical clinics, and others - to use electronic payment tools, and gave them a deadline to completely switch to this approach until the beginning of next June.  LINK

WFP: Iraq Moving On A Positive Path Due To Security Stability

The World Food Programme (WFP) praised the situation in Iraq, noting that it is moving on a "positive path" as a result of security improvements and stability, while explaining that its role in Iraq is shifting from emergency response to building resilience and long-term sustainable development.

The Relief Web website reported a WFP brief on Iraq, stating that "recent improvements in the security environment and political stability have created opportunities for Iraq to move on a positive path. However, the harmful effects of climate change are affecting agricultural productivity, with increased salinity, desertification, reduced water flow in the Tigris and Euphrates rivers, and reduced rainfall, which has led to the loss of 12 million hectares of arable land, significantly impacting agricultural production."

The brief noted that "the repercussions of the climate change crisis have disproportionately affected the most vulnerable communities, and in a strategic move, WFP in Iraq is shifting its role from emergency response to building resilience and long-term sustainable development," indicating that "this shift is particularly important given Iraq's vulnerability to climate change, which is particularly evident in the southern region of the country."

He added, "The World Food Programme is working to align the targeting of beneficiaries through the National Bridges Programme for Skills Development and Youth Economic Empowerment, climate-friendly agricultural practices activities, and strengthening the safety net of the national social protection system to ensure alignment with strategic objectives and expand outreach to areas that previously suffered from a lack of services."  https://www.radionawa.com/all-detail.aspx?jimare=39189

Oil Falls As Middle East Calm Attempts Continue

Local |  08/16/2024  Mawazine News – Baghdad  Oil prices fell in early trading on Friday, but benchmark Brent crude was still hovering above $80 a barrel, which it had managed to regain yesterday. Today's decline in oil comes despite positive US economic data that calmed investors' fears about a possible recession in the United States, the world's largest oil consumer.

With the economic data calm, oil markets are likely to return to full focus on geopolitical tensions, with expectations of Iranian attacks against the Israeli occupation, while a new round of negotiations began yesterday to reach a ceasefire in the Gaza war.

The talks, which Hamas did not attend, were extended and are scheduled to resume in the Qatari capital, Doha, today. Investors were renewed optimistic about US economic growth after a series of data released this week, the latest of which were retail sales and unemployment claims, which helped calm fears of a sharp slowdown in the US economy.

Brent crude futures for December delivery fell $0.3, or 0.35%, to $80.83 a barrel by 03:40 a.m. GMT. US West Texas Intermediate (WTI) crude futures for September delivery fell $0.3, or 0.4%, to close at $77.7 a barrel. By the end of trading on Thursday, Brent crude futures rose 1.6% to $81.04 a barrel, while WTI crude futures rose 1.53% to $78.16 a barrel.

The data reinforced market expectations that the US Federal Reserve will begin cutting interest rates at its September meeting, which could boost economic activity and oil consumption.

 Continued concerns about slowing global demand continue to limit gains, after China reported a slowdown in factory production growth in July and a fourth month of declines in refinery output, confirming the country's weak economic recovery.

Alongside Middle East tensions, markets are monitoring the conflict between Russia and Ukraine after Moscow announced Yesterday it said it would bolster its border defences and send in additional troops days after Ukraine launched its biggest attack on Russian territory since the war began. https://www.mawazin.net/Details.aspx?jimare=253371

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

Bruce’s Big Call Dinar Intel Tuesday Night 8-15-24

Bruce’s Big Call Dinar Intel Tuesday Night 8-15-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is, let's say, is it Thursday, August 15TH - You believe we're halfway through the month of August in a few hours? That's amazing to me. Time has flown by so fast. Here recently. Okay? So welcome everybody to the big call. Thank you for listening. Thank you for hanging in there with us. And I’ve got lots to share. I hope I remember all of it, because I've got a lot of stuff.

And I'll say now, if you don't have a pad of paper, get a decent pad of paper and a nice writing pen, because you're going to want to jot this stuff down- alright, a lot of different things - I hope I remember them all.

All right, it's about straight up, probably 10 o'clock on the East Coast, yep. So let's do this. Let's ask everybody again to get a pad legal pad if you have a big pad of paper and a good writing pen, because there's several things I'm going to talk about that I'd like you to write down, because I think it's going to be important to retrieve some of this and just go over it in your mind. All right, I got a lot of stuff, so I'm trying to bring it all out.

Sometimes Jeannie helps me by prompting a praise report or a prayer request to remember everything I need to talk about. Let's first start talking about restitution and reclamation allowance, and I abbreviated that, as you guys know, to R and R. I've got some new information about it again today.

 The R and R is the money that we're going to get back from them, trading our birth certificate, any marriage license that we had, any divorce decree that we may have had, and any death certificate that we might have had that would affect us. It could be parents, it could be spouse, whatever.

There are four areas that were traded as bonds, and we're going to get the money that they earned back. Now. The other thing as part R and R is we're going to get the interest that paid on home mortgages, on credit cards, on any bank loans that we might have taken out, like for a car or a boat or whatever. Now any of that is all refundable to us. So they've amalgamated this amount.

And for some of the older folks, Bob's not quite in that category. I'm getting there. Some of us know people in their 70s and 80s and so on, that will get a pretty big chunk. It'll be a big chunk.

Now here's the thing, it's going to be different for people that are in the currencies like we are, and in the zim, especially for those of us who have zim that are going in to exchange Our currencies and redeem our Zim, we will get our R and R put into our quantum accounts within the quantum financial system, our quantum account –

Now, they should tell us that and tell us how much it's going to be before We take our total from exchanges, and zim redemption and add it to that amount that’s in the quantum account.

And then another, another piece to write down is, when it comes to the quantum account,  - it a quantum access card. Let's call it a quantum card that is three times thicker than a credit card and it has three chips in it. Well, no, it's got probably more.

But the quantum card is not something we carry around with us. It's something that we have and we put it in a very safe place where you live, you got to find a safe place to store this card, and you only use it when moving funds from your quantum account into your primary or secondary banks.

Okay, so it's from one way withdrawal, if you will, from your quantum account into your banks, whether it's Wells Fargo, whether it's Chase, whether it's Bank America  or what, you can move it, as I understand, it, into accounts in three different banks.

So whatever your top three banks are that you plan to use, you should be able to use the quantum access card to move funds into that and that's the only reason you use it, you don't charge anything on it, you don't carry it around and spend you don't go to restaurants, none of that.

This is not a credit debit card. No, this is only for moving funds from your quantum account. Guess what? You don't ever know this card. It's way too valuable.

All right, now let's talk about access to your quantum account, so you and I that have zim, we will get an amount from our R and R deposit that will go into our quantum account, and hopefully we find out how much that is before they throw the proceeds from our currencies and our zim redemption in the mix. Okay, we got to find out what it is before we add the other to it.

Now here's the other thing, to access your quantum account. They'll probably use a biometric fingerprint or thumbprint reader, where you're going to have a username, write that down, biometric finger or thumbprint, username, that's the second thing you need, and you'll need a password, so you're going to need to write that down, and write down all passwords and all of this stuff. Redemption center when you get this okay, because you're gonna have to construct that password when you get in there.

Also, there’s five out of five aspects, one, biometric fingerprint two, your username, three, your password, four, a five digit number that can be ascribed to you as an ID number, five digits, okay, and the last thing would be an email address.

All five of those need to be entered, my understanding to be entered to access your quantum accounts. Remember, the quantum account is essentially held in the quantum financial system computers and essentially backed by the US Treasury, the new US Treasury.

All right, so hopefully you wrote down those five steps. I'll go over them in case you got a biometric fingerprint, whichever is username, password, five digit ID number that is ID to you and your email. And by the way, if if you need to create which, I think you might have to create a new email for this, if you do create a new one, Gmail is a safe method of email.

 Now it's over the last year or two instance shown to be very safe. So your preference on that? All right, all right, you've got that down.

Now we know when the R and R is going to happen for us that are exchanging. What about non exchange? Non exchange - Remember this,  this R and R is receivable for anyone 28 years of age and older, that's a US citizen. What if you're a green card holder? Your green card holder, you need to have your green card at least 18 months to receive your R and R 18 month minimum. Okay, so we're assuming that you're a citizen or you have a green card that makes you eligible. Let's say you're younger.

 Let's say you're 50 or 55 okay, you still will get that, but since you're not exchanging currency, you're going to have it direct deposited into your bank account, your existing bank account.

You're too young to Social Security, so they don't have your Social Security bank account, but they have it a bank account. They know what your bank account is by the last four digits of your social security number, which we all had to use a social security number to open a bank account. They have that, well, they'll do a direct deposit. And I believe it's going to start - Doesn't mean it'll all happen, but it'll start on Monday the 19th, which is this Monday the 19th of August.

And it could take up to seven days for that R and R deposit to show up. How are you going to know when it's in there? When you get a notification from that you have a deposit - Either it's going to be an online notification, an email or it could even be a phone call, in some cases, --  email, phone call or an online notification that you had a deposit.

And guess what? Guys, for the older folks, it's going to be substantial, both in their 30s and 50s. It'll still be a good deposit.

 The idea of it paying out over two years, three years, I think all of that went away. But if you're younger, I remember this, if you're under 35 I believe you're going to sign something that says you won't quit your current job for at least 10 years, or you'll stay employed at least 30 hours a week. 30 hours is considered part time, so at least 30 hrs a week - or at least 10 years, okay,

Retirement age 60 / 62 65 considered maybe you retired, maybe you're still working, maybe you're not.

I know guys that are 83 years old still go into the office, are still working, and they don't really want to retire, because when a lot of people are older and they retire, they die. There's just no motivation to go on. They die. Or they play golf, they've had enough golf, and then they die.

So we don't want anybody that's older to die. We want to get them into a med bed and get their youth restored, and that's what we're all about doing.

All right, let's see. I covered R and R quantum  card about the needs that is Monday. So what we're hearing is that the  NESARA / GESARA is supposed to be announced starting  the 19th of August, that's this coming Monday, NESARA and GESARA be announced.

We're hearing that it's either going to be by Chief Justice, not chief justice, but Justice Clarence Thomas from the Supreme Court, or by General Mike Flynn, we heard it would be announced to us by one or two of those guys.

 All right. All right, let's talk about let's see what else, okay, all right, what about the new USN currency, or USN or US new notes, meaning our United States Treasury note is the physical put it in your pocket money. But the USN is the designation for the screen that is used for trading forex and on banks.

So the USN is supposed to be announced or not announced. It may not even be announced, but it's supposed to be coming out around Monday. Okay? Around Monday

Now, I hope it gets announced as an asset backed currency. It may not be announced as a gold backed currency, even though it is partially backed by gold, majority backed by gold. Look forward to that. Starting this Monday,

NESARA and GESARA – the  R and R is part of NESARA for us. That's part of it. So we should be getting some kind of NESARA announcement starting Monday.

Let's talk about the med beds  -  if you are a zim holder, and you have a dire health need, and you have projects you are moving up to the front of the line because med beds are supposed to roll out, Monday, Tuesday, Wednesday, the 19th, 20th or 21st of August.

So we're looking good on that to happen in the first three days of next week, and they are going to give precedence to those of dire need who are Zim holders. So that's really big and very important for us.

Let’s talk about when you go in for your exchange appointments change currency and or to redeem zim -  You mention to them that you have a need for the med bed. In my case, it's pretty obvious, but it may not be obvious - You may have medical issues or something that you're gonna have to bring up to them in person, and they will, they will enter some keystrokes to say that you are a med bed candidate, candidate, okay, this is something that we need to be aware of whether it's for us or our spouse, or whether it's for somebody that might be of dire need, but realize that those that are zim holders and because they want us to be around for 100 200 plus years to see fruition come through for our projects and want to see if We can be there a couple 100 more years, and we're going to get age regress approximately forty years from where you are, okay?

So if Bob is 68 he would go back to 28 when he goes in, and so on. So this is really important step that we're going to make to get age regressed as we move into more of a youthful time now, we retain the wisdom that we've gained over 60 or 70 or eighty years. We retain that, but we're going to be biologically younger, physically younger.

Biologically, we've got a new age. We're still 65 568, 70, whatever it is, but we will feel and look much younger. 40 years younger. All right, so that's a terrific blessing, right there.

Now, what else is happening as far as us the new currencies? The USN is supposed to be out on forex and tradable on bank screens starting Sunday night. Now nobody's going to see it Sunday night unless they're in the bank, but starting Sunday night, we're going to see the USN on forex and in the bank screens, which would be they would see it Monday, this coming Sunday and Monday.

When do we get notified? The latest information has been all over the place and all over the place, but I can tell you the latest information that I believe is reliable is saying we will receive notifications sometime Tuesday - this coming Tuesday, all right, so let's say the 19th is Monday - That would be the 20th, okay? And that would be great.

We should get notified by the Wells Fargo emails coming out of Atlanta servers. We should be getting that on Tuesday. Then we probably will be setting our appointments, more than likely, for Wednesday, with some possibility of Tuesday afternoon, evening, some possibility of that.

There's about one more thing I think I wanted to cover that is, once we're notified with that, we set our appointments, and we can go in for our appointment three hours after our appointment time is set. So let's say we were able to get notification at noon, for example, only for example, we would be able to exchange beginning at 3p

Now, the only other thing that I think that's important here is that redemption centers are getting - Redemption centers  leaders will be emailed the information as to when they're coming out. They'll get that information. The head person will get that information on Sunday afternoon. He or she will send that out either Monday morning, Monday afternoon or Monday evening – but the instructions should say, should say but I don’t know for a  fact that the latest information says that we will get our notifications, our emails on Tuesday, alright

 And that would be Sunday, Monday, Tuesday. That would be what 20th 21st, 22, I believe is Tuesday. No, it's not hold on Monday, 19th, so Tuesday would be the 20th. That's right, I got to keep this calendar in my head, you guys. And that's where it is to my head only

And our new USA coming out. I think if I was clear enough and bringing all this to you, and you were good at taking notes , if you want to go back over and listen to the replay to get these dates what we're talking about, you can do that.

I'm not sure about Social Security increases. I've heard that we're going to get an 80% increase in Social Security, and I'm not sure if it doesn't start around the 20th or 21st of this month.

And I hate to say some people that are right there on the edge of that Wednesday could get it or maybe not this month. For next month, we'll see. Let's see how they do it. These are already halfway through the month, first two weeks, first Wednesdays will not see it, but the third and fourth Wednesday recipients of Social Security may see the increase.

May see it this month, and it should be about an 80% increase over what you're currently receiving. And there's nothing you have to do for that, and you'll just receive it in your bank account, or you normally receive your Social Security.

All right, guys, I don't know that there's anything else that I received that I need to cover.

I can't think of anything I didn't cover that I meant to cover.  All right, let's do this. Let's go ahead and pray the call out. We'll go stop the recording.

Well, everybody, have a great weekend to Monday. Now, bless you all. Let's turn off the recording.

Bruce’s Big Call Dinar Intel Thursday Night 8-15-24   REPLAY LINK   Intel Begins   57:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhZQ

Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24   REPLAY  LINK     Intel Begins   1:14:14

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhe8

Bruce’s Big Call Dinar Intel Thursday Night 8-7-24   REPLAY LINK   Intel Begins   1:08:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHh8j

Bruce’s Big Call Dinar Intel Tuesday Night 8-6-24   REPLAY  LINK     Intel Begins   1:05:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhoP

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

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHuVL

Bruce’s Big Call Dinar Intel Tuesday Night 7-31-24   REPLAY  LINK     Intel Begins   57:37

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHun9

Bruce’s Big Call Dinar Intel Thursday Night 7-25-24   REPLAY LINK   Intel Begins  1:11:25

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHuvD

Bruce’s Big Call Dinar Intel Tuesday Night 7-23-24  REPLAY  LINK     Intel Begins   1:07:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHuAT

Bruce’s Big Call Dinar Intel Thursday Night 7-18-24   REPLAY LINK   Recorded Call not available

Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24  REPLAY  LINK     Intel Begins   1:04:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHu0q

Bruce’s Big Call Dinar Intel Thursday Night 7-11-24   REPLAY LINK  Intel Begins  1:11:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHb26

Bruce’s Big Call Dinar Intel Tuesday Night 7-9-24  REPLAY  LINK     Intel Begins   1:13:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHbNp

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

More News, Rumors and Opinions Friday Afternoon 8-16-2024

KTFA:

Clare:  Attracting investors and limiting currency smuggling.. Specialist explains the importance of "digitizing" Iraqi banks

8/16/2024   Baghdad 

Financial and economic expert Nawar Al-Saadi revealed, today, Friday (August 16, 2024), the importance of the benefits of "digitizing" financial transactions for Iraqi banks, while pointing out that digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services.

Al-Saadi told Baghdad Today that “digitizing financial transactions in Iraqi banks can provide significant benefits, especially in terms of reducing currency smuggling,” indicating that “by adopting digital systems, banks can track all financial transfers with greater accuracy and transparency. This means that each transaction is automatically recorded and saved in a central database that can be reviewed at any time. This allows the relevant authorities to monitor and quickly detect suspicious financial activities, making it difficult for smugglers to exploit the financial system to smuggle currencies.”

“Digitizing the banking system contributes to reducing money laundering cases, as these operations usually depend on exploiting loopholes in traditional systems, but with an advanced digital system, these operations become more complex. Digitization also allows the use of advanced technologies such as artificial intelligence to analyze patterns in banking data and identify any abnormal or suspicious transactions,” he added, stressing that “this helps prevent money laundering by early identification of unusual activities and reporting them to the competent authorities.”

Al-Saadi explained that “to implement this digital transformation in Iraq, there is a need for investments in technological infrastructure and developing the institutional capabilities of banks,” noting that “this requires providing modern technology, training employees to use it effectively, in addition to developing legislation and laws that protect users and encourage digital transactions. It is also important to enhance customer awareness of the benefits of digital transactions and build their confidence in the new systems.”

He stressed that “digitization in banks contributes to achieving more transparency and credibility in the financial system, as each transaction can be easily tracked and reviewed. It also improves the operational efficiency of banks by completing transactions faster and at a lower cost. In terms of security, digitization provides higher levels of protection against fraud and theft through advanced encryption technologies.”

The financial and economic expert concluded by saying, “Digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services. Digitizing financial transactions in Iraqi banks also has great potential to enhance economic stability and reduce the risks associated with money laundering and currency smuggling, leading to a safer and more efficient financial system.”   LINK

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

Clare:  Rafidain Bank warns its customers of "electronic fraud" and issues instructions to them

8/16/2024

Rafidain Bank confirmed, on Friday, its keenness to educate its customers and the public about sound practices in using electronic services in general, and to direct the customer to take caution and care, to ward off the risks that may result from any attempts to access the customer's personal and financial information, through electronic fraud, telephone fraud, viruses and spyware, and identity theft.

In a statement today, Rafidain Bank recommended its customers to adhere to the following guidelines: Avoid easy knowledge of the password, keep it confidential, avoid using common and well-known passwords that are easy to guess, and change them periodically. The bank advised its customers - for their security and safety - to refrain from using known information such as date of birth, phone number, or any easily recognizable part of the customer's name as a password.

The bank’s statement urged customers to avoid disclosing their password and personal data, and to maintain the confidentiality of their salary card number (Master or Visa Card), Internet banking, and mobile banking application, and not to disclose them even to bank employees, stressing that the customer’s information and data, whether domiciled in his salary or otherwise, should be updated whenever there is a change through the branches.

The bank directed its customers to “continuously check your account movements (via account statement, movements in the phone application), and if you have any doubts about any of them, visit your branch or the Banking Awareness and Public Protection Department in the bank’s general management.”

The statement gave examples of fraudulent messages, "These messages are sent to you by someone impersonating an employee at the bank you deal with, who sends you messages asking you for information about your bank account or credit card under the pretext of verifying their numbers."

Fraud by tricking your account into browsing

The bank explained that many users were trapped on social networks through the trick of “Find out who browsed your Facebook account” or any other social network.

Prize Winning Messages

The bank noted that "such messages claim that you have won valuable prizes or a trip to a certain country, and the sender of the message asks you to pay a certain amount to receive your prize. Never do that."

Fundraising fraud

The statement stressed that "they collect money in a deceptive manner, as these fraudsters publish fake stories about a patient's need for treatment, a poor family, or others, and ask for donations from social media users."

Online job postings

The bank said, "If you apply for a job online, you will definitely be asked to fill out an application form. You can do that, but be careful not to write down your bank account number and credit card."

Tips to protect yourself from fraud attempts

The bank addressed customers, saying: Do not interact with people who ask you to pay a small amount of money to get a prize, gift, or other offers.

The statement continued, "You do not agree to transfer a conversation with a specific person outside of social networks, such as communicating via WhatsApp or providing that person's email address."

The bank called on customers to verify the identity of people who message them due to an emergency, claiming to be their friends or relatives, warning that messages that contain spelling and grammatical errors are always suspect and you should be careful of them.

The bank also said in its recommendations to customers and clients, "If you want to provide assistance or help, do so through official and trusted sources," stressing that "do not trust pages that represent large companies or public figures that you have not verified."

He also continued, "Do not trust any social media pages that claim to make you a quick profit through the Internet or working from home," stressing that "do not click on links that you receive via WhatsApp or social networks or those that are published in comments."

The bank urged customers to take precautions and be careful to avoid falling victim to criminal methods that aim to defraud citizens and steal their money by having people impersonate employees working in financial institutions, international institutions or private companies, and then do the following:

Communicating with customers via social media (Facebook, Instagram, WhatsApp) under the pretext of providing financial assistance, prizes, or monthly salaries for a specific period, in exchange for obtaining the customer’s personal information, data and a picture of the bank card granted to him, the secret number, and the OTP verification code.

Use the data and information necessary to create accounts in the name of customers, modify their account data, update their data, or request the number that will be sent to you via SMS, and then carry out electronic transfer operations for the purposes of paying bills and purchases, charging mobile phone balances, or making electronic financial transfers to other persons.

Communicating with the beneficiaries of the money transfers under the pretext that they were executed in their favor by mistake, and then asking them to reverse the amount by transferring it to a specific account or charging a specific phone balance.   LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
We see Saleh again on TV.  This is the second time he talks to us now about the float.  He's saying the float can be adventurous.  We intend to have it fixed.  Ours will be fixed or managed float.  That is what's best at this time for Iraq and our currency.  He went and talked about how...we went from 11,000 ATMs to over 55,000...in gas stations alone... FRANK:  Ever since the United States Treasury showed up last week they just cannot stop talking to you every day on the television about the success of the monetary reform...new lower notes...the new exchange rate...Now it's gone way deeper into the float.

Mnt Goat   Article quote:  “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”. How can this possibly...“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project...So no more negative stuff about a LOP…please! 

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

Global Debt Just Hit Levels You Won't Believe (Here's Why It Matters)

George Gammon:  8-16-2024

https://www.youtube.com/watch?v=_isu8dz60jo

BRACE For IMPACT! This Is The Complete Collapse of the US Dollar

Atlantis Report:  8-13-2024

The United States dollar has been the dominant force in the global financial ecosystem, playing a central role in international trade and serving as the world's primary reserve currency. This has given the US significant economic influence and stability for many years. However, as we move through the challenges of the 21st century, there are threats on the horizon that could disrupt this established financial order.

https://www.youtube.com/watch?v=7qUPs4HSpDg

Economist’s “News and Views” Friday 8-16-2024

Is the dollar doomed? Feat. Andy Schectman - LFTV Ep 186

Kinesis Money:  8-16-2024

n this week’s episode of Live from the Vault, Andrew Maguire is joined by Andy Schectman, President & Owner of Miles Franklin, one of the first companies to be approved as an authorised reseller of minted products.

 The precious metals experts open with a discussion about the Bank of International Settlements Project mBridge, before discussing the widespread repatriation of gold by global central banks amid continued developments in the BRICS saga.

https://www.youtube.com/watch?v=X5mFb4NtPzw

These 2 Powerful Countries Got Invited To Attend BRICS 2024 Summit! What's Going On?

We Love Africa:  8-15-2024

BRICS rolled out their first two invitations to Venezuela and Bolivia to attend the 2024 summit.

Venezuela was the first country to receive the invitation and President Nicolas Maduro will attend the summit. “As BRICS chair, President Vladimir Putin invites President Nicolas Maduro to attend the BRICS+ summit,”

 The Eastern European nation Bolivia is the second country to have received the BRICS invitation for the 2024 summit. The Bolivian President Luis Arce will attend the summit along with his delegates. “He (the President) has been invited to the summit in Kazan in October,” State news agency ABI said.

Both Venezuela and Bolivia are interested in joining the alliance to revive their respective native economies.

The 16th BRICS summit will be held from October 22 to 24, 2024 in the Kazan region of Russia. Decisions about inducting new countries, de-dollarization, and new currency status could be discussed.

In addition, bloc is keen on de-dollarization and aims to push local currencies ahead of the US dollar for cross-border transactions.

The 2024 BRICS summit will decide the prospects of the US dollar that could affect the American economy.

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

Germany Nord Stream Bombshell, Japan Crashes & PM Resigns, Prepare For U.S. Price Controls

Sean Foo:  8-16-2024

Germany drops a big update on the Nord Stream saga. However, this doesn't change the fact their economy is still in real danger with deindustrialization not stopping.

Meanwhile, Japan's Prime Minister resigns and US Price Controls might be coming if Harris wins!

Timestamps & Chapters:

 0:00 Nord Stream Saga Big Update

2:18 Goodbye To Cheap Russian Gas

6:08 Japan's Kishida Shock Resignation

9:20 US Crazy Price Controls Plan

https://www.youtube.com/watch?v=KoT8N43bo2Q

Coffee with MarkZ and Mr. Cottrell. 08/16/2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Coffee with MarkZ and Mr. Cottrell. 08/16/2024

Member: I cannot believe we are at another Friday already

Member: End of another week after excitement about Monday/Tuesday….. Ugh! Is this ever going to happen???

Member: This last week has been very tough on so many. Its been a salty week for sure.

Member: So ready to retire. RV there yet??

Member: Are they waiting on the election to release the RV?

MZ: I was always told it was not election related….Guess we will find out though

MZ: I continue to get stunning “circletel” about things that have been completed. But I have yet to find anybody with dollars in hand.  Someone that I know personally.

Member: Mark if these people got the their money they not going to tell you anything because there are under NDA so that means yes for me

MZ: Expectations are still big…and I still have missing bond people. I have heard RUMORS that CMKX could start this weekend with Saturday afternoon deliveries……

MZ: Tons of rumors….but no legitimate news from what I consider reputable sources.

MZ: From Iraq –they are offering  achievement bonds and national bonds ….and this is something they have not done since before the Iraqi invasion in 2002-2003. My finance ministry contact said to really focus on this. These are sovereign national achievement bonds that they are selling…..he is telling me that this means they are from under US control. He says to watch for a new rate soon.

MZ: There is also a lot of chatter that the amended HCL bill is soon to go back to parliament in the next few days….cross your fingers.

MZ: This all sounds great but, we need real dollars.

Member: Bruce said USN in circulation Monday. We will see

Member: Mark, we keep hearing about new notes at banks, but it astounds me that no pictures have been leaked..

Member: I wonder if the alleged farm claims are being paid in fiat dollars or gold backed USN’s?

Member: I wonder if the “theft” of all the social security numbers is a way to wipe everyone’s debt and give us a fresh start?

Member: Mark, have you heard of the new Sovereign numbers to replace the social security numbers that were stolen. a reset opportunity for our new Republic

Member: I am looking for an "event", then I will start getting excited

​​Member: IMHO, the white hats are running out of time and support. You’re suppose to be taking down the bad guys but you’ve included too many good people in this disaster. If you are in control do something.

Member: I say this daily: The enormous sums of money that are mine come to me easily and in peace. I am receiving, I am receiving now. I am receiving all of the wealth that the Universe has for me now.

Member: Thank you Mark for sharing the rumors. Although you can't get them backed up, it keeps us hopeful.

Member: Today, we are one day closer to our breakthrough

Member: Praying this is the weekend we have been waiting for.

Mr. Cottrell and CBD Guru’s join the stream today. Please listen to replay for their information and opinions.

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!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=lyf6FXy5Lnk

Iraq News Highlights and Points To Ponder Friday AM 8-16-24

Parliamentary Meeting Soon To Follow Up On The Increase In Oil Revenues

Money and business  Economy News – Baghdad    Member of the Parliamentary Finance Committee Mustafa Al-Karawi said, “The last meeting held by the Finance Committee aimed to follow up on the government’s measures to increase non-oil measures, considering that they are important in light of the continuous fluctuation in oil prices, and seeking to increase them is the best solution to achieve stability for the Iraqi economy and the possibility of implementing the budget that was voted on in the House of Representatives.”

Al-Karawi said, "The details of the revenues were discussed and periodic meetings will be held almost every month in order to follow up on the progress made in increasing non-oil revenues."

He added, "The most important risks that threaten the financial and economic situation in Iraq are that the budget depends by ninety percent or eighty-five percent on oil revenues, and thus the instability or decline of the oil price causes a problem in implementing the budget."

80 views   2024/08/16 - https://economy-news.net/content.php?id=46368

Nineveh Oil Fields Plan To Raise Production To 50 Thousand Barrels Per Day

2024-08-16 04:42  Shafaq News/ A source in the Iraqi North Oil Company reported on Friday that there is a trend to increase production by 50 thousand barrels per day to cover the needs of Baiji refineries.

The source told Shafaq News Agency, "The Minister of Oil, Hayan Abdul Ghani, directed the North Oil Company to raise its production to the highest levels, as it is currently limited to 350 thousand barrels per day from Kirkuk oil fields, and this quantity does not meet the needs of the Baiji refineries, whose production capacity exceeds 350 thousand barrels per day."

He added, "The company has completed the work of replacing the crude oil pipelines from Batma station to Ain Zala station in the Nineveh Oil Fields Authority, with exceptional efforts to increase production, develop our oil fields, and facilitate the flow of crude oil within the operating stations."

The source confirmed that "the company's upcoming plan is to add 50,000 barrels per day from Nineveh fields."

A source in the company reported last Monday that technical and engineering crews had restored life to an oil well in the Batma field in Nineveh, noting that they were working to raise the field’s production to 10,000 barrels per day.

The source pointed out that "an engineering and technical team has begun preparing a plan to develop and raise the capacities of oil fields throughout Nineveh Governorate in order to increase production, support the national economy, and provide the state treasury with funds."

In this context, oil expert Ali Khalil explained to Shafaq News Agency, "The Ain Zalah field was discovered in Nineveh in 1939, and in 1953 the Batma oil field was discovered, and after 2003, exploration was carried out in a number of oil sites in Nineveh within the oil licensing rounds."

He added, "Four oil fields are being developed by the Federal Ministry of Oil: Sasan near Badush, Alan near Al-Ayadhiya west of Nineveh, Qasab, and Jawn south of Mosul. The fields currently being worked on are Qayyarah, Najma, Ain Zalah, Batma, and Wasifa."

He stressed that "Mosul's oil fields were discovered in December 1932 by Iraqi, Italian, British, German, French, Dutch and Swiss companies, and their investment was made by these companies in exchange for mortgaging the oil at a rate exceeding 50%. At that time, 71 wells were discovered, and only 27 of them were exploited, 10 of which were giant and produced oil at different levels."

The oil expert pointed out that "doubling interest in Nineveh fields could raise production to more than 500 thousand barrels for the North Oil Company, meaning that Nineveh fields have the capacity to produce 150 thousand barrels per day."  LINK

"Secret Procedures" And "Great Privileges"... What Is The Story Behind The Increase In Mps' Salaries In Iraq?

Money and business   Economy News – Baghdad  Over the past two days, the media and social networking sites have been buzzing with the story of the “secret procedures” that took place inside the Iraqi parliament in the session of last Wednesday, August 7, regarding adding “privileges and raising the salaries of members of the House of Representatives.”

The story was revealed by the Ishraqat Kanun bloc "partially", where it talked about the MPs not being informed of the tables that were intended to raise the MPs' salaries, and that this matter was confidential, while no information or clarifications were issued after that about the story.

According to following the context of the session and what was read during this session, the parliament presidency's presentation of this matter came in conjunction with "exploitation" of the first reading of the amendment to the House of Representatives Law, which was included for reading and amendment based on a decision by the Federal Court declaring the unconstitutionality of some phrases in Articles 48 and 50 related to the House of Representatives' appointment of advisors.

However, the parliament went further than that, amending several articles in the House of Representatives Law, including articles related to the privileges of MPs and adding personal guards for MPs, not just for the Speaker of Parliament and his two deputies, in addition to making these guards designated for the MP even after the end of his term and service in Parliament.

At the same time, and based on Article 64 of the House of Representatives Law, this article allows the Speaker of Parliament and his two deputies to issue instructions allocating their salaries and the salaries of the deputies and employees of the Council, meaning that they are not subject to a unified law, but rather instructions issued by the Speaker of Parliament and his two deputies to set the required figures for salaries.

In general, this amendment and move coincided with a response to a decision issued by the Federal Court separately from the decision of the unconstitutionality of Articles 48 and 50 of the House of Representatives Law, as the Federal Court issued a decision based on a lawsuit filed by one of the representatives, which led to reducing the salaries of the general managers in the House of Representatives in their capacity as employees, and their salaries were not reduced or the decision to reduce their salaries issued since 2017 in the Abadi government was not implemented.

Based on the decision of the Federal Supreme Court, the reduction even included the salaries of members of the House of Representatives who hold a preparatory certificate and a bachelor’s degree, while the salaries of those with a master’s degree remained stable or decreased slightly, with a slight increase in the salaries of those with a doctorate.

In general, the average salary of a representative decreased from 8 million and 200 thousand dinars to about 6 million dinars, which prompted the parliament presidency to implement paragraph 64 of the House of Representatives Law, which includes “issuing instructions on raising the salaries of representatives,” but no details were revealed about the size of the increase in these salaries and how much they will amount to, as the representatives have not yet seen any tables related to them.

Before the reduction, the salaries of the representatives ranged between 10 and 15 million dinars, but they currently range between 8 and 10 million, before the reduction to 6 million for the majority of the members of the council, meaning that there is a widening gap between the members of parliament so that the salaries may be between 6 and 10 million dinars.

To view the latest news, follow us on Telegram  https://t.me/Economynews2021

 385 views 2024/08/16 - https://economy-news.net/content.php?id=46372

Al-Sudani announces readiness to launch the “largest” electricity production project in Iraq

Posted On2024-08-15 By Sotaliraq  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

Ramit Sethi’s Most ‘Brutally Honest’ Money Advice That Can Impact Your Wallet

Ramit Sethi’s Most ‘Brutally Honest’ Money Advice That Can Impact Your Wallet

Peter Burns  Wed, Aug 14, 2024,  GOBankingRates

When it comes to the topic of money management, suggestions can get complicated quickly. Sometimes, the best financial advice is blunt and straightforward, even if it is a bit uncomfortable to hear.

In a recent video, Ramit Sethi, personal finance expert and New York Times bestselling author of “I Will Teach You To Be Rich,” got frank and gave direct lessons that can help you improve your finances.

Earning passive income doesn't need to be difficult. You can start this week.

You’re Not Unique

It’s true that no two people are the same. However, when it comes to personal finance, people have a lot in common. By following basic guidelines, most people can improve their financial situation regardless of how much they make and how much debt they have.

It’s Not About Your Morning Routine

Social media has brought an onslaught of creators explaining exactly what you must do in the morning to make yourself rich. While getting the most out of your morning is important, what you do won’t amount to more savings. The most important thing is to be intentional with your time and figure out what works best for you.

Don’t Blame Inflation

Inflation has become a common scapegoat for individuals with poor financial habits. Rather than blaming inflation, take accountability for your actions. Start keeping a budget and tracking your spending to make a real difference. Then, invest the money you save from cutting your expenses to counter inflation.

Don’t Try To Time the Market

People new to investing will try to execute the age-old adage: buy low, sell high. The advice is correct if you’re trying to profit, but predicting when low and high occur can amount to substantial losses. Sethi said you should ride out market fluctuations by keeping your money in the market long term. Instead of waiting for the market to dip down so you can buy shares, you should invest a bit of your income each month.

Focus on the Right Things

People often focus on the wrong things when they try to get their finances in order. These include things like getting the right finance app, buying the cheaper drink at a restaurant and deciding which budgeting category to put expenses in. While these decisions can help, prioritizing the bigger picture is more important. Focus on being consistent and following the right financial rules to succeed.

You Probably Can’t Afford It

To Read More: https://finance.yahoo.com/news/ramit-sethi-most-brutally-honest-150021157.html