Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-21-24
Good Afternoon Dinar Recaps,
IOTA Foundation a Winner in EBSI PCP, Demonstrating Scalability and Sustainability
The IOTA Foundation has successfully completed the final phase of the European Blockchain PCP, developing a scalable, energy-efficient, and secure blockchain solution using its Tangle technology.
As part of the European Blockchain PCP, IOTA created prototypes such as Digital Product Passports for electronics and plastics and an Intellectual Property Rights (IPR) Marketplace.
The IOTA Foundation recently announced that it has successfully completed the third and final phase of the European Blockchain Pre-Commercial Procurement (PCP), a big initiative funded by the European Commission. IOTA was one of the seven projects to participate in the European Blockchain PCP which began back in 2020.
Good Afternoon Dinar Recaps,
IOTA Foundation a Winner in EBSI PCP, Demonstrating Scalability and Sustainability
The IOTA Foundation has successfully completed the final phase of the European Blockchain PCP, developing a scalable, energy-efficient, and secure blockchain solution using its Tangle technology.
As part of the European Blockchain PCP, IOTA created prototypes such as Digital Product Passports for electronics and plastics and an Intellectual Property Rights (IPR) Marketplace.
The IOTA Foundation recently announced that it has successfully completed the third and final phase of the European Blockchain Pre-Commercial Procurement (PCP), a big initiative funded by the European Commission. IOTA was one of the seven projects to participate in the European Blockchain PCP which began back in 2020.
The goal of the European Blockchain PCP is to build new Distributed Ledger Technology (DLT) solutions for integration into the European Blockchain Services Infrastructure (EBSI).
As reported by Crypto News Flash, EBSI is an open-source permissioned network supporting cross-border credential attestations across the European continent.
Its long-term vision includes the evolution of the infrastructure into the European Digital Infrastructure Consortium for Blockchain (EUROPEUM-EDIC) which will offer scalability, energy efficiency, and secure blockchain applications.
Throughout the phases of this project, IOTA, along with its partners such as Digimarc, Software AG, Uncommon Digital, etc., developed a solution combining the DAG-based tangle DLT with open-source building blocks and APIs.
This solution includes a core DLT layer built atop the Stardust version of the Tangle protocol, which uses a Decentralized Coordinator with a Proof-of-Authority consensus mechanism involving EU member states and institutions.
It further ensures decentralization, efficiency, interoperability, and scalability, enabled by the “Tangle Tree” data sharding concept and EVM-compatible IOTA Smart Contract Chains.
Now, with the completion of the European Blockchain PCP, IOTA can apply these innovations and prototypes in the market, thereby contributing to future blockchain services in Europe.
IOTA Builds Innovative Prototypes for European Blockchain PCP
As part of its involvement in the European Blockchain Pre-Commercial Procurement (PCP), the IOTA Foundation built innovative solution prototypes. One such prototype focuses on intellectual property rights (IPR) management by leveraging NFTs, smart contracts, and decentralized identities (DIDs). As reported by Crypto News Flash, IOTA has also created an IPR Marketplace that is accessible through an EU Digital Identity-compatible credential wallet.
Similarly, IOTA has also developed Digital Product Passports (DPPs) for both the electronics and the plastic industries. Thus, the Electronics DPP prototype tracks the entire lifecycle of electronic devices, right from manufacturing to recycling. Similarly, the Plastics DPP prototype focuses on the transformation of agricultural plastic waste into bioplastic, while recording each phase of the process, per the CNF report.
IOTA successfully demonstrated its technology in the European Blockchain PCP across multiple areas such as:
▪️Scalability: IOTA’s Tangle technology achieved 90K confirmed transactions per second by using the Tangle Tree sharding concept, thereby supporting exponential scalability with 100 interconnected Tangles.
▪️Sustainability: The energy consumption for IOTA’s Stardust Tangle has scaled logarithmically with transaction volumes. IOTA noted that this makes it more energy-efficient than other solutions, like Hyperledger Besu.
▪️Security and Privacy: IOTA aligned with industry standards, developed quantum-resistant cryptography, and ensured compatibility with European regulations, enhancing both security and privacy in its blockchain solution.
@ Newshounds News™
Source: Crypto News Flash
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Malaysia’s Anwar Ibrahim visits India to reset ties, boost Brics membership bid
The first visit to India by PM Anwar Ibrahim is timely due to China’s rising dominance of Malaysia’s foreign policy space, analysts say
Malaysia’s Anwar Ibrahim on Monday makes his debut trip to India as prime minister, seeking support for his country’s application to join the Brics bloc and to rekindle a bilateral relationship that was worth over US$16 billion in trade last year.
During its first prime minister-led delegation’s visit to India since 2018, Malaysia hopes to bolster ties with one of Asia’s fastest-growing economies. India is the largest buyer of Malaysian palm oil and a key exporter of rice to the Southeast Asian nation.
The application to join Brics, which was submitted to the current chairman Russia, is aimed at cushioning a potential impact on Malaysia from the escalating US-China trade and tech war, analysts say.
Brics comprises founder members Brazil, Russia, India, China and South Africa, as well as Saudi Arabia, Iran, Ethiopia, Egypt and the United Arab Emirates, offering preferential trade and investment with countries covering 45 per cent of the world’s population.
Anwar’s three-day visit is also a chance to reset Malaysia’s relations with India, analysts say, following a hangover from a spat with New Delhi under a previous Malaysian administration and China increasingly dominating the Southeast Asian nation’s foreign policy space.
During his visit, Anwar is scheduled to hold talks with his counterpart Narendra Modi, Malaysia’s foreign ministry said in a statement on Sunday, as well as meet India’s captains of industry and deliver a lecture on Malaysia-India ties.
The visit marks the first top-level visit by a Malaysian leader since former prime minister Mahathir Mohamad in 2019 accused India of having “invaded and occupied” Kashmir. His comments triggered a limited boycott of Malaysia’s palm oil – one of its biggest exports – by Indian traders.
India has been Malaysia’s top export market for its palm oil for 10 years running, buying 2.84 million tonnes in 2023, or nearly 20 per cent of Malaysia’s total palm oil exports, according to Malaysian government data. In contrast, China bought 1.47 million tonnes of palm oil shipments.
Malaysia is also heavily dependent on India for its domestic food supply.
In March, Malaysia’s government put in a request to import an additional 500,000 metric tonnes of rice from the world’s largest rice exporter, as a prolonged drought crimped domestic output and put pressure on national grain stockpiles. The request was on top of an earlier rice export quota of 170,000 metric tonnes allocated for Malaysia for the year.
India also has deep cultural links with Malaysia, whose minority ethnic Indians make hundreds of thousands of annual visits each year to their ancestral family villages and perform religious pilgrimages in temples, mostly in India’s south.
There is also a burgeoning strategic dimension in the relationship to serve as ballast to counter China’s influence, which looms large over the contested South China Sea, analysts say.
“Beijing’s rapid ascendency in the past three decades has transformed the entire power and economic equation in the region, and until recently, there was no adequate power balancer to this new power dynamic apart from the West,” said Collins Chong Yew Keat, a foreign affairs analyst with the University of Malaya.
The visit presents an opportunity for Malaysia to explore deeper defence cooperation with India, which has been upgrading its security and naval capacities and is carving out an increasingly important role in Asia’s regional maritime resilience, Chong added.
It is a role outlined in Modi’s Indo-Pacific Oceans Initiative launched in 2019, which presents the South Asian power as potentially the “primary power challenger” to China, Chong said.
@ Newshounds News™
Read more: SCMP
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Ripple Enhances XRP Ledger (XRPL) with Launch of New Batch Devnet Servers
▪️Ripple launches Batch-Devnet Servers, boosting XRPL’s development with enhanced testing capabilities.
▪️New Batch Transactions feature on XRPL streamlines complex operations, aiding NFT minting and more.
Ripple Labs developers are taking significant steps to enhance the XRP Ledger (XRPL). Following the new era for XRPL we discussed earlier, Ripple and Archax are working to tokenize millions in real-world assets.
The latest update is the announcement of the availability of Batch-Devnet Servers, which serve as a parallel XRP Ledger test network.
As per a tweet yesterday, RippleX shared that the Batch-Devnet Servers are now available as a parallel XRP Ledger test network.
These test networks provide a platform for testing changes to the XRPL and connecting software without using real funds. It’s important to note that the ledger history and balances on these networks can be reset at any time, and users are advised not to use Testnet or Devnet credentials on the Mainnet.
RippleX also highlighted that users can now explore the new “Batch Transactions” feature. This allows multiple transactions to be bundled and executed as a single unit, enhancing reliability and predictability for complex operations.
All balances and XRP on these networks are separate from the Mainnet. As a precaution, do not use Testnet or Devnet credentials on the Mainnet.
One practical use case for this technology is the minting of non-fungible tokens (NFTs) and creating an offer for them in a single transaction.
Taking into account that the XRP Ledger set a new record with 90 million ledgers closed, as CNF previously highlighted, it was a key achievement highlighting XRPL’s growth and community involvement. According to CoinMarketCap data today, Ripple (XRP) is trading at $0.5946, declined by 1.39% in the past day, and surged by 3.23% in the past week.
@ Newshounds News™
Source: Crypto News Flash
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Rescheduled for next week
8 /28/ 2024 Noon Central
Listen Here: Podcast Call Link
Isaac's Room Link
Replay YouTube Link
@ Newshounds News™
~~~~~~~~~
Newshound's Currency Facts Youtube and Rumble
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More News, Rumors and Opinions Wednesday Afternoon 8-21-2024
TNT:
Tishwash: Iraq pursues his former oil minister via Interpol
ERBIL (Kurdistan 24) – The Federal Commission for Integrity continues to coordinate with Interpol to arrest former Iraqi Oil Minister Ihsan Abdul-Jabbar, who is involved in billions of dollars of corruption.
In mid-August August 2023, the Karkh Investigation Court, which specializes in integrity issues, issued a decision to seize the movable and immovable funds of former Oil Minister Ihsan Abdul Jabbar.
At the time, Iraqi supervisory sources spoke of inflation and extreme wealth in the minister's funds, who, according to the same sources, owns millions of dollars worth of real estate in Iraq and abroad.
TNT:
Tishwash: Iraq pursues his former oil minister via Interpol
ERBIL (Kurdistan 24) – The Federal Commission for Integrity continues to coordinate with Interpol to arrest former Iraqi Oil Minister Ihsan Abdul-Jabbar, who is involved in billions of dollars of corruption.
In mid-August August 2023, the Karkh Investigation Court, which specializes in integrity issues, issued a decision to seize the movable and immovable funds of former Oil Minister Ihsan Abdul Jabbar.
At the time, Iraqi supervisory sources spoke of inflation and extreme wealth in the minister's funds, who, according to the same sources, owns millions of dollars worth of real estate in Iraq and abroad.
Earlier, the head of the transport and communications committee in the Iraqi parliament, Zahra al-Bajari, confirmed that the former minister in the integrity courts has 68 files related to financial and administrative corruption and waste of public money.
At the time, she pointed out that Abdul-Jabbar was involved in damaging public funds within the oil sector worth $ 825 billion.
Al-Bajari said in a press statement on October 18, October, 2022, that the former minister "amended a contract between the Ministry of Oil and two British and Chinese companies related to the Rumaila oil field in a way that causes financial damage to Iraq estimated at more than $ 825 billion over 25 years."
The Iraqi MP said, based on a report of the financial audit, that among the paragraphs affected by the amendment in the contract is a paragraph to reduce oil production and export by 750,000 barrels per day. link
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Tishwash: Calls to form a parliamentary committee to investigate the discrepancy in the budget tables amounting to 8 trillion
Member of Parliament, Sarwa Abdul Wahid, called on Wednesday for the formation of a parliamentary committee to present its results to the House of Representatives regarding the difference in the budget tables, which amounts to 8 trillion dinars.
Abdul Wahid said in a statement seen by Al-Eqtisad News, "After talking about the difference in the budget tables, which amounts to 8 trillion, it became necessary for the presidency of the council to respond to the letter of the Council of Ministers that was sent on the first of last July, and as a result, the head of the Finance Committee ordered the formation of a committee to find out the facts."
Abdul Wahid explained, "It seems that there is (deception on the issue), so we demand the formation of a parliamentary committee whose results will be presented to the House of Representatives to find out the facts. If the Cabinet's letter is accurate and there is manipulation of the tables, then this is a disaster that must not be ignored, and Parliament must not be allowed to be a bridge for the corrupt." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Once again, the Project to Delete the Zeros raises its head up. Yes, two more articles on it this period... There are other articles today related to the topic that help us understand and tell us they know what they have to do and its just a matter of time how and when they do it. The clock it ticking… tic, toc, tic, toc.
Militia Man Article Quote: "The Deputy Governor of the Central Bank of Iraq has confirmed work is underway to reduce the price of the dollar against a dinar in the coming days." We've heard this before but we haven't seen the end result yet. Why is that? Could they have been trying to do it before? Sure. Have they tried many times? They could have. Are they trying to do it again? The evidence support that this is what they are telling us - that they're going to try to do it again. Hopefully they get this one done.
WARNING! Forget About A STOCK MARKET CRASH! Something MUCH BIGGER Is Coming.
Greg Mannarino: 8-21-2024
Market Needs 40% Correction, GOLD To $6,000? | Michael Pento
Soar Financially: 6-20-2024
Michael Pento discusses his concerns about the current economic landscape, focusing on the risks posed by massive asset bubbles in stocks, real estate, and credit. He outlines his investment strategy and explains why he believes significant market corrections are inevitable. Michael also shares his views on inflation, deflation, and the potential for gold to rise to $5,000 or $6,000 per ounce.
Economist’s “News and Views” Wednesday 8-21-2024
Why Gold Price Ripping is Giving Us Big Clues About Financial System Crashing - Lyn Alden
Daniela Cambone: 8-20-2024
The global financial system is under strain, with currencies around the world failing or on the brink, warns Lyn Alden, founder of Lyn Alden Investment Strategy.
In this interview with Daniela Cambone, Alden explains why there is significant upside for gold in the next five to ten years—and why waiting for small dips could cost you big.
Alden discusses how the U.S. and Europe are sliding toward Japan-style stagnation but without the benefits of a current account surplus or social cohesion.
Why Gold Price Ripping is Giving Us Big Clues About Financial System Crashing - Lyn Alden
Daniela Cambone: 8-20-2024
The global financial system is under strain, with currencies around the world failing or on the brink, warns Lyn Alden, founder of Lyn Alden Investment Strategy.
In this interview with Daniela Cambone, Alden explains why there is significant upside for gold in the next five to ten years—and why waiting for small dips could cost you big.
Alden discusses how the U.S. and Europe are sliding toward Japan-style stagnation but without the benefits of a current account surplus or social cohesion.
As public debt and fiscal deficits surge, Alden predicts a more inflationary future and shares insights on how to navigate these challenging times.
CHAPTERS:
00:00 Fed/Small Rate Cuts
4:21 Gold Price
6:39 U.S. Dollar
9:35 Gold Analysis
11:12 Silver Market
12:24 Wall Street's Interest in Gold
13:57 Carry Trade Impact
18:14 AI Bubble Burst
19:56 Financial System Breakdown
23:34 How to Better Prepare
25:00 CBDCs (Central Bank Digital Currencies)
26:30 U.S. Economy Outlook
28:41 Banking Sector Overview
31:22 U.S. Deficit Concerns
33:10 Lessons from Argentina
BREAKING: A Key Actor in Central Asia Applies to Join BRICS Following Meeting with Russia
Lena Petrova: 8-21-2024
‘Reset Of A Lifetime’; Markets Signal 'Global Deflationary Recession' | Mike McGlone
David Lin: 8-20-2024
0:00 - Intro
1:12 - Bitcoin leading markets
5:38 - Bitcoin vs. stocks
10:45 - 5% unemployment forecast
15:50 – Deflation
18:30 - Gold vs. stocks
24:45 - CPI vs. PPI
30:11 - Bond market outlook
33:30 - Reset of a lifetime
Coffee with Zester and Andy Schectman! 8-21-2024
Coffee with Zester and Andy Schectman!
Some highlights by PDK-Not verbatim
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
Zester: Welcome everyone and Happy birthday to Andy Schectman who is joining us today.
Zester: Good morning all! Praying for Mark and praying THIS is our week!!!
Member: Happy birthday Andy hope your day is filled with joy and happiness
Coffee with Zester and Andy Schectman!
Some highlights by PDK-Not verbatim
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
Zester: Welcome everyone and Happy birthday to Andy Schectman who is joining us today.
Zester: Good morning all! Praying for Mark and praying THIS is our week!!!
Member: Happy birthday Andy hope your day is filled with joy and happiness
Zester: Update on pops: (MarkZ) He is feeling particularly well this morning. He is done with all his different treatments. He is still a little sore but sounded chipper this morning. They are in the process of getting to the airport to come back to Puerto Rico this evening. He should be back about 8 or 9 pm tonight assuming all of the flights are on schedule .
Zester depending on how tired he is – may or may not be on the podcast tomorrow morning.
Member: RUMOR: Farm Claims of 43,000 Americans being paid out TODAY from a 2.2 billion dollar Farm Claim Payout???
Zester: Very quiet from all the contacts today. Pops has not received any responses from contacts since last night …We are sitting here waiting. If pops gets any announcements he will be blowing up my phone with it while we are live so I can jump in with it for you all…..If not- he hope to have an explanation for this silence by this evening.
Member: Bond news?
Zester: The bond news as of last night was they were expecting major updates…but since then –its been quiet. I am sure they will have an update soon….Usually when its this quiet they are keeping things close to their chest….. .
Member: Silence is golden????
Member: If they are under NDA, they are not going to talk
Member: This is taking utterly to long, everybody is losing hope….we need something to happen soon.
Member: Thanks Zester and Andy…..have a great day everyone.
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information and opinions.
NO ZESTER’S CRAZY CRYPTO PODCAST AT 5:00 PM EST. HE WILL ROLL IT IN AT THE 7:00 PM PODCAST. AND W&W WILL FOLLOW AT 8:00 PM EST! THANKS
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!
Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-21-24
Good Morning Dinar Recaps,
IOTA Foundation Develops 3 Innovative Solutions for EU_EBSI Funded by European Commission
▪️The IOTA Foundation has introduced three groundbreaking products in collaboration with the European Commission to enhance transparency across various sectors by utilizing blockchain technology.
▪️The new tools include a Digital Product Passport for electronics, a Digital Product Passport for plastics, and an Intellectual Property Rights (IPR) management solution.
Good Morning Dinar Recaps,
IOTA Foundation Develops 3 Innovative Solutions for EU_EBSI Funded by European Commission
▪️The IOTA Foundation has introduced three groundbreaking products in collaboration with the European Commission to enhance transparency across various sectors by utilizing blockchain technology.
▪️The new tools include a Digital Product Passport for electronics, a Digital Product Passport for plastics, and an Intellectual Property Rights (IPR) management solution.
In the latest development, the IOTA Foundation recently developed three revolutionary products, which they launched in association with the European Commission. With these products, IOTA focuses on raising levels of transparency in numerous industries and sectors.
Moreover, these innovations come within the framework of the European Blockchain Pre-Commercial Procurement (PCP). For context, PCP focuses on developing enhanced solutions for blockchain. Let’s take a look at all three products from IOTA.
1. Digital Product Passport For Electronics (H2)
The DPP for electronics manages the lifecycle of electronic goods. The IOTA Foundation built it in collaboration with the Technical University of Catalonia and eReuse. This tool uses blockchain to ensure that all electronics right from manufacturing to its disassembling and recycling are well recorded.
The DPP addresses key stages in an electronic device’s lifecycle: procurement of the raw materials, manufacturing, utilization, and disposal of the product. Also, there is a record of each level of the process, which guarantees proper documentation of all information about the device regarding its chemical content, breakdowns, and recycling procedures.
Furthermore, effective record-keeping also boosts the area of accountability. The DPP prototype uses IOTA Smart Contracts in order to record key information and to easily track and validate the history of electronic products throughout the chain, per the CNF report.
2. Digital Product Passport For Plastics (H2)
To tackle the ecological concern of plastic waste, the IOTA Foundation has developed a DPP prototype designed specifically for agroplastic products like agricultural mulch films. For this initiative, IOTA has partnered with Digimarc and Agro2Circula, and together, they will work on tracing the journey of plastics right from use to reuse, recycling, and reuse as products, reported Crypto News Flash.
However, this operation is rather complex and implies the involvement of many parties, and its specifics depend on national legislation. Nonetheless, the solution gives a comprehensive account of the lifecycle of plastic. It also includes the journey in which the waste is disposed of through recycling and upcycling techniques.
This prototype by the IOTA Foundation provides proof of work in tracking the disposed plastic in a transparent and verifiable manner. As such, it assists in minimizing the effects of plastic waste on the environment.
3. Intellectual Property Rights (IPR) Management Solution (H2)
The third innovation is an identification model created to provide more efficient guidance on Intellectual Property Rights related to the media. IOTA was developed keeping in mind the complexity of the process of licensing music used in films. Thus, this tool uses distributed ledger technology and smart contracts for rights management and royalty payments.
The IPR Marketplace system relies on IOTA Smart Contracts that turn conventional negotiations and paperwork into digital contracts that self-execute and self-enforce. Furthermore, it ensures that rights holders can protect and claim their compensation in an orderly manner, reported CNF.
The system also supports Non-Fungible Tokens (NFTs), designed to ensure timely payment for everyone, from the performer to songwriters and record companies. These NFTs also enhance traceability and reduce disputes.
@ Newshounds News™
Source: Crypto News Flash
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isaac
Listen and learn from this man. He has facts and shares with us as we all wait. Share with others!
August 21, 2024 12:00 Central Noon, 1 pm ET
Listen Here - Podcast Room https://t.me/+VAm-AlWWqWPzyK8G
Replays - YouTube Currency Facts - YouTube
Directly from Isaac when ask for a bio
“But understand I do not have contacts. Isaac
"I have buyers the us treasury , DOD , Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac
See photos of Isaacs bonds here:
https://telegra.ph/Isaacs-Facts-and-Truth-08-03
@ Newshounds News™
~~~~~~~~~
Newshound's Currency Facts Youtube and Rumble
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Iraq News Highlights and Points To Ponder Wednesday AM 8-21-24
Within 14 days, about 3 million foreign visitors entered Iraq
Local | 08/21/2024 Mawazine News - Baghdad The Border Ports Authority announced today, Wednesday, the entry of about 3 million foreign visitors within 14 days.
The spokesman for the Border Ports Authority, Alaa Al-Din Al-Qaisi, said in a statement to the official agency, which was followed by / Mawazine News /: "The border ports recorded the entry of 2,937,112 foreign visitors to the country from August 6 to the 20th of the same month, while 1,328,484 of them left."
He added that "the nationalities of these visitors are from Iran, Afghanistan, Pakistan, and Azerbaijan, in addition to different nationalities," noting that "the number of visitors is increasing."
Within 14 days, about 3 million foreign visitors entered Iraq
Local | 08/21/2024 Mawazine News - Baghdad The Border Ports Authority announced today, Wednesday, the entry of about 3 million foreign visitors within 14 days.
The spokesman for the Border Ports Authority, Alaa Al-Din Al-Qaisi, said in a statement to the official agency, which was followed by / Mawazine News /: "The border ports recorded the entry of 2,937,112 foreign visitors to the country from August 6 to the 20th of the same month, while 1,328,484 of them left."
He added that "the nationalities of these visitors are from Iran, Afghanistan, Pakistan, and Azerbaijan, in addition to different nationalities," noting that "the number of visitors is increasing."
He continued, "There is great cooperation between the border ports and the departments supporting their work, and there is integrated work between the Ports Authority and the Ministries of Health, Transport, Interior, and the rest of the ministries concerned with the Arbaeen visit in order to organize visitors to the holy Karbala." https://www.mawazin.net/Details.aspx?jimare=253680
Learn About The Mechanism For Depositing Dinars And Receiving Dollars For Travelers From The Airport
Economy 2024-08-20 | 1,717 views Alsumaria News - Local
The Central Bank of Iraq published the mechanism for depositing the dinar and receiving the dollar for travelers from the airport.
The Central Bank stated in a statement received by Sumarya News, "The process of depositing the dinar and receiving the dollar for travelers from the airport has become easier and safer, in a very smooth electronic manner and without routine complications." LINK
Here Are The Dollar Prices In The Iraqi Stock Exchanges
2024-08-21 | 2,222 views Alsumaria News – Economy Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local Iraqi markets for Wednesday, August 21, 2024.
The dollar prices recorded a slight increase with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,300 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, the selling price reached 150,250 dinars, while the purchase price reached 148,250 dinars for every 100 dollars.
On February 7, 2022, the Council of Ministers announced its approval to amend the dollar exchange rate to 1,320 dinars per dollar.
For about a year, specifically since the Central Bank began operating the electronic platform and the international financial transfer system "SWIFT", the dollar exchange rate in Iraq has not witnessed stability despite the government and the Central Bank's attempts to control the exchange rate in parallel markets. LINK
Spending More Than 10 Trillion Dinars Annually To Operate Electricity
2024-08-21 | Energy file.. Iraq spends more than 10 trillion dinars annually on fuel to operate power plants Day after day, the crisis of providing electricity in the country is getting worse despite spending billions on it, at a time when countries are competing to shift towards renewable energy, which is considered safer and better for the environment.
So what did the economic expert, Duraid Al-Anzi, say about this problem in Iraq? Full details in this report with Hussein Adnan LINK
Iraqi Ports Reveals The Completion Rates Of The Entrances To The Submerged Tunnel, One Of The Projects Of The Grand Faw Port
Local | 08/21/2024 Mawazine News - Baghdad The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, announced today, Wednesday, the achievement of advanced rates of completion in the entrances to the submerged tunnel, one of the projects of the Grand Faw Port, from both sides (Umm Qasr and Al-Faw).
The Director General of the company said in a statement received by / Mawazine News / that "the ongoing work at the entrances to the submerged tunnel project, one of the projects of the Grand Faw Port, has witnessed advanced achievements, whether in the entrances to the submerged tunnel or in furnishing the submerged parts under sea water."
He explained that "the submerged tunnel consists of two main entrances, one towards the city of Umm Qasr and the other towards the city of Al-Faw, and each of these two entrances consists of (28) pieces that form the approaches to the tunnel."
He continued, "The approaches towards the city of Umm Qasr witnessed the completion of the burial work of (9) pieces completely underground, while the completion rate in the (19) open pieces reached (85%)."
He added, "As for the entrance to the city of Faw, its approaches also consist of (28) pieces, of which (9) pieces are buried underground with a completion rate of (90%), and the (19) open pieces have exceeded (50%) completion."
He pointed out that "according to these figures, it can be said that the completion rate in the approaches to the entrance to the city of Umm Qasr has reached (90%), while the completion rate in the approaches to the entrance to the city of Faw has exceeded (60%)."
He pointed out that "the pieces submerged under sea water in the submerged tunnel project, amounting to (10) pieces, are currently undergoing coating work with insulating and seawater-resistant materials, in addition to implementing most of the finishing works in them." The
submerged tunnel project is one of the five major projects of the Faw Port, and it represents the main nerve linking the Grand Faw Port and the Iraqi Development Road. Due to its strategic importance, exceptional efforts are continuing to complete it to be the first project of its kind in the Middle East, and the second tunnel in the Asian continent after the (Busan) tunnel in South Korea. https://www.mawazin.net/Details.aspx?jimare=253682
News, Rumors and Opinions Wednesday AM 8-21-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 21 Aug. 2024
Compiled Wed. 21 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors and Opinions )
Mon. 19 Aug. 2024 TNT: “On Fri. 16 Aug. they tested the system. On Sat. 17 Aug. because the system was live, they were paying “Front of the Line” people who wanted to be nameless. They said it has been completed since Thursday. They hope to be done funding all Central Banks today. People are being paid in the US already. It should be international sometime after two o clock am Tues. 20 Aug. I’m hearing people were exchanging at a live rate internationally. ”
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 21 Aug. 2024
Compiled Wed. 21 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors and Opinions )
Mon. 19 Aug. 2024 TNT: “On Fri. 16 Aug. they tested the system. On Sat. 17 Aug. because the system was live, they were paying “Front of the Line” people who wanted to be nameless. They said it has been completed since Thursday. They hope to be done funding all Central Banks today. People are being paid in the US already. It should be international sometime after two o clock am Tues. 20 Aug. I’m hearing people were exchanging at a live rate internationally. ”
Tues. 20 Aug. 2024 Bruce:
Canada may get a different 800# to call that will route you to Redemption Centers in Canada where you will get the best rates. HSBC is the lead bank in Canada.
At midnight tonight EST all US accounts will be on the Quantum System with the USN as our designated currency.
Our sources are saying Tier4b will get notifications tomorrow Wed. 21 Aug.
Redemption Centers have been contacted by email telling them when Tier4b will get notifications and when appointments will start.
R&R amounts will be set up by age groups starting at age 28.
Non currency holders on SS will get their R&R amounts automatically deposited in their bank accounts. That could happen as early as this week and will by the end of the month.
Mortgages and credit cards will be wiped out by the end of the month. You will be under NDAs not to talk about that until Thanksgiving.
New rates on currencies were solid on the bank screens Sun. night.
Redemption Center bank screen rates are much higher than on bank screens.
US citizens will be offered the contract rate on the Dinar based on the per oil barrel rate.
~~~~~~~~~~
Tues. 20 Aug. 2024 Wolverine:
I do have some incredible news coming out. I can speak in generalities and give you guys hope as to what is going on. I am elated things are ready to kick off! The Whales are traveling to Reno. They are closing major operations now and they are on the floor there as I speak.
Zurich – I got incredible news that things are kicking off there.
This week Precatorias is getting ready to get done. Their funding is controlled by the QFS. I will get their opera – not MY opera, so when I get their opera I will post it in the room(s), I will let you know IT IS FOR THE PRECATORIAS and NOT my opera. My opera will have me singing!I am just elated!
Asia (Hong Kong) has kicked off from what I hear. I am sure I will get even more news by tomorrow.
Everything is moving. We have wonderful news incoming.
As far as the Tier4B group is concerned, I will leave this to Texas Snake as it is his dept and I am sure Bruce will have news regarding that .
The Admiral core group is waiting for currency to be released this week. It is ALL good news coming through this week. Hold on. Praying it all comes in.
When I get the GREEN light IT WILL BE FOR EVERYONE not just for the bondholders!
From my side, I may be under NDA tomorrow, I will need to be quiet. I will monitor the room and not be able to talk. NOTE: I have a particular whale screaming and dancing and elated right now! That person has got millions of bonds in boxes! He is absolutely elated.
So things are now definitely kicked off. Most Likely, tomorrow may be Opera time!!! And I may be under an NDA, and that is good news for all of us. Take care, Wolverine
Tues. 20 Aug. 2024 MarkZ: “A Bond contact was told that all roadblocks have been cleared and to expect things to start happening tomorrow Wed. 21 Aug. A large group in Reno (not the Admiral’s group) has started exchanging. The Admiral is hopeful for a payout schedule for later this week. Farm claims are continuing to be paid out.”
~~~~~~~~~~
Global Financial Crisis:
All U.S. banks have been purchased by the New U.S. Treasury (which has relocated from Washington D.C. to the Sparks Indian Colony near Reno, Nevada)
Results of a military investigation found that some bank owners secretly received a full loan payment immediately after a home owner signed mortgage papers but continued to require and accept monthly mortgage payments from the home owner. They were double dipping.
Here is what has been happening for decades: In the early 1940’s, as Birth Certificates were started and generally accepted as legal documents, corrupt politicians kept the original documents, monetized and sold them on the Stock Market (parents received copies and not the originals). The politicians dipped into this hidden and illegal slush fund created from the sales. The scheme was finally revealed by Military investigators. In the next few weeks, all illegal profits made from birth certificates will be returned to each citizen.
Debt Jubilee or forgiveness of all debts: For over a year now, citizens have looked forward to this benefit from the new laws of the Republic. It was finally legalized by Mr. Trump on Wednesday, July 10, 2024.
Details: The U.S. Treasury will send out a computer algorithm to each bank to zero out all mortgage debt, credit card debt, car debt, etc. Citizens do not have to contact their debtor to ask for the Debt Jubilee. Watch for your new zero balance statement coming out sometime in August.
Changes are coming in home ownership, foreclosures, and taxes.
Beginning in August, Mortgages will be tokenized with a blockchain platform. Details will be coming. It started with the farmers of America. They have used their farm machinery and family home as collateral for security of loans. Many lost their farm and home if they defaulted on loan payments. Mr. Trump has changed the system so no family will lose their farm or home.
Next to be financially reimbursed are the American Indians. Then debt relief to all U.S. citizens.
Foreclosures are now illegal. No more property taxes. Sales of used homes will have no taxation; new homes will have a sales tax.
To cure inflation, all pricing of homes, cars, merchandise, etc. will use the pricing from the year 1955. No more credit scores. All three credit reporting agencies have been dismantled.
Store Closures:
Bed Bath and Beyond 360 stores
99 Store 371 stores
Best Buy 15 stores
Carters all stores on line only
Rite Aid 231 stores
Sun coast all stores
Foot Locker 400 stores
Express 100 stores
Walgreens 150 stores
David Bridal all locations
Tuesday morning all locations
Rue 21 540 stores
Family dollar 600 stores
Party City all locations
Christmas Tree Shop all locations
H & M 240 stores
CVS 900 stores
Read full post here: https://dinarchronicles.com/2024/08/21/restored-republic-via-a-gcr-update-as-of-august-21-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh was talking about the floats and he was also talking to us about fixed rates. He's saying no decisions have been made. They talked about the pros and the cons of each one of these options. Then the CBI came out and said in the coming days we will make actions to lower the dollar exchange rate. FRANK: Can the CBI lower the dollar exchange rate? No. Yes! How? FIREFLY: ...The CBI's job is not to control the dollar...They can't touch a dollar but...the CBI can touch the dinar...If they lifted the value of our currency wouldn't that bring down the value of the dollar in our country? ...Let's see if that is the only thing the CBI could do to bring the dollar down is raise the dinar. They say in coming days.
Militia Man Saleh, the financial advisor, has talked about the float...a managed float or a mixture of the peg and the float which would be considered flexible...These guys are going to do what they think is the most positive...They're not going to try to hurt the situation. They're going to try to make themselves successful.
************
Goldman Sends HUGE Warning, Starts Dumping Everything
Atlantis Report: 8-20-2024
The financial world is buzzing with news that has sent shockwaves through Wall Street and beyond.
Goldman Sachs, one of the most influential investment banks globally, has issued a stark warning that has caught the attention of investors, analysts, and financial media.
This warning isn't just another market forecast; it's accompanied by actionable moves that have raised eyebrows and concerns across the financial sector.
The investment giant is making headlines by offloading a significant portion of its holdings, prompting many to ask: What does this mean for the market, and why now?
Goldman Now Sends Warning That A Collapse Is Coming, Prepare For Huge Market Crash Sell Off
“Tidbits From TNT” Wednesday Morning 8-21-2024
TNT:
Tishwash: Al-Nujaba: The truce is over and the option of striking American bases in Iraq is now available
The Al-Nujaba Movement - one of the Iraqi factions involved in the so-called "Islamic Resistance in Iraq" - considered on Tuesday that the truce that was aimed at giving the government time to negotiate the withdrawal of US forces from the country has ended, and the options of targeting military bases have become available.
“The resistance factions in Iraq have ended this truce, and therefore all options are available to the resistance forces to target all American bases inside Iraq,” Haider al-Lami, a member of the political council of the al-Nujaba movement, told The National.
TNT:
Tishwash: Al-Nujaba: The truce is over and the option of striking American bases in Iraq is now available
The Al-Nujaba Movement - one of the Iraqi factions involved in the so-called "Islamic Resistance in Iraq" - considered on Tuesday that the truce that was aimed at giving the government time to negotiate the withdrawal of US forces from the country has ended, and the options of targeting military bases have become available.
“The resistance factions in Iraq have ended this truce, and therefore all options are available to the resistance forces to target all American bases inside Iraq,” Haider al-Lami, a member of the political council of the al-Nujaba movement, told The National.
Al-Lami considered that there was "procrastination and delay" by America regarding the withdrawal of its forces during the talks with the Iraqi government.
"There will be a response in the coming days that may target more than one place, not necessarily in Iraq, Syria and Israel," added Al-Lami, who warned after the Babylon strike that such a move was under consideration.
He said that some forces will remain in the Kurdistan Region until September 2026 to supervise counter-terrorism operations in Syria. The situation there is different from Iraq, as ISIS is stronger in Syria and has strongholds. link
Reuters: BP's deal with Iraq will be based on profit-sharing model
An agreement with BP to develop oil and gas fields in Kirkuk will be based on a profit-sharing model, and a final deal is expected by the end of this year, two oil ministry officials told Reuters.
Iraq and BP signed a preliminary agreement this month to develop four oil and gas fields in the Kirkuk region of northern Iraq, an area where BP estimates about nine billion barrels of oil could be extracted.
The two officials said the ministry and BP, which is returning to the region after an absence of about five years, are expected to sign an agreement, the terms of which will not be disclosed, this week under which Iraq will hand over a data package for the four Kirkuk fields and their facilities.
The two officials spoke on condition of anonymity because they were not authorized to speak to the press.
BP has not yet responded to a request for comment.
BP withdrew from the area in late 2019 after a service contract signed in 2013 expired without reaching an agreement to expand the field. link
************
Tishwash: An economist places “extortion, bribery and smuggling” as the first causes of the fluctuation of the dollar exchange rate
Today, Tuesday, economic affairs researcher Diaa Al-Mohsen listed the extortion, bribery and smuggling operations carried out by dollar dealers who cannot disclose the sources of their money as the first reasons for the fluctuation of the dollar exchange rate in local markets.
Al-Mohsen explained, “The old authority is still floundering in dealing with the issue of the dollar exchange rate, as all the measures it has taken since it took over the management of the Central Bank hardly touch the real problem that led to these rises , which in one way or another led to a major impact on the economic situation of the Iraqi family.” Noting that, “The Iraqi market depends entirely on securing its needs through imports, which eat up all the revenues obtained from Iraqi oil sales .”
In an interview with (Al-Mada), Al-Mohsen indicated, “There are many reasons for the fluctuation of exchange rates other than the above. Many dealers do not enter dollars for reasons related to the nature of the money they obtain (the national currency). There are those who obtain the Iraqi dinar through bribery, and others who obtain They are subjected to it through blackmail, some of whom trade in drugs and human organs, and many others who cannot disclose the sources of their money nor the ultimate beneficiary of the Sending process abroad, which exposes them to many legal problems and may expose them to penalties according to Iraqi law.” Pointing out, “These people are forced to go to the black market to request the dollar, and thus the exchange rate of the dollar against the Iraqi dinar rises to increase the demand for the dollar. We should also not forget that there are those who smuggle the dollar by tampering with documents for importing goods, and this manipulation occurs at the border crossings, and as a result In the end, the country is the biggest loser, followed by the simple citizen . ”
Regarding the dominance of the dollar, the researcher in economic affairs continued, “There does not seem to be a glimmer of hope on the horizon to get rid of the dominance of the US dollar as long as the bank’s management insists on keeping the Iraqi economy revolving around the US dollar. If there was a real administration working for the benefit of the national economy, it would do everything in its power to do so.” A way to diversify the sources of currencies you deal with, which is what the current administration does not want . “
He continued his speech, "I think that the government should seriously think about revitalizing the economic sectors, especially with the Central Bank of Iraq talking about reserves exceeding 115 billion dollars. It is possible to simplify the procedures for granting loans to project owners who have feasibility studies on the projects that they want to implement and that are in the interest of The Iraqi economy, and grant them soft loans in exchange for the project's guarantee, to reduce the gap between market requirements and imports, and fill this gap by increasing local production to cover the need of the local market and by relying on modern technology with regard to industries, and by relying on modern agricultural techniques with regard to agriculture.” Stressing, “Only here we will have put the Iraqi economy on the right path, and anything other than what we said will be nothing more than plowing into the sea .”
The exchange rate of the dollar in the parallel markets in Iraq has risen again, as the price of the dollar recorded an increase with the closure of the Al-Kifah and Al-Harithiya stock exchanges, reaching 149,300 dinars against 100 dollars, while last Saturday It recorded a decrease with the closure of the Al-Kifah and Al-Harithiya stock exchanges, reaching 149,550 Iraqi dinars against 100 dollars. link
Mot: . Yeppers!! --- yeee ole Net Helps Again!!!!
Mot: .... How they Make it Work! – LOL
Seeds of Wisdom RV and Economic Updates Tuesday Evening 8-20-24
Good Evening Dinar Recaps,
Ripple Important Level of Contact with IMF Revealed in Fresh Palau Report
A recently released report on Palau’s National Government Payment Service has revealed a significant level of contact between Ripple and the International Monetary Fund (IMF).
Prominent XRP community member WrathofKahneman (WoK) unearthed this observation and highlighted it in a recent post on X.
Notably, the report from Palau highlighted the successful completion of Phase 2a of the country’s digital payment initiative. For context, this initiative focuses on developing a stablecoin service, “PSC.” Palau is carrying out this project in collaboration with Ripple, utilizing the XRP Ledger (XRPL).
Good Evening Dinar Recaps,
Ripple Important Level of Contact with IMF Revealed in Fresh Palau Report
A recently released report on Palau’s National Government Payment Service has revealed a significant level of contact between Ripple and the International Monetary Fund (IMF).
Prominent XRP community member WrathofKahneman (WoK) unearthed this observation and highlighted it in a recent post on X.
Notably, the report from Palau highlighted the successful completion of Phase 2a of the country’s digital payment initiative. For context, this initiative focuses on developing a stablecoin service, “PSC.” Palau is carrying out this project in collaboration with Ripple, utilizing the XRP Ledger (XRPL).
This recently completed phase analyzed stakeholder requirements in six key socioeconomic areas to develop a framework for a convenient and accessible national payment ecosystem, especially for the unbanked and underbanked.
Additionally, the Palau digital payment system seeks to emulate the services of PayPal and Alipay in ways that precisely fit the context of Palau’s needs.
Its goals are reducing cash reliance, lowering fuel consumption and travel time, and offering lower fees. The report also reviews the pilot program, incorporating feedback and recommendations for a phased nationwide rollout.
Ripple’s Important Level of Contact with IMF
What stands out in this latest report is the inclusion of the IMF Technical Assistance Team among the stakeholders consulted for the project. According to WrathofKahneman, this points to an important level of technical engagement between Ripple and the IMF.
WoK emphasized the significance of this connection, noting that while the XRP community has long been aware of Ripple’s discussions with the IMF, this report serves as tangible evidence of their collaboration on a practical level.
Furthermore, WoK strengthens his argument by pointing out that the IMF’s recommendations align closely with the objectives of Palau’s National Payment System, which Ripple is helping to develop.
The IMF’s focus on enhancing financial resilience, improving payment systems, and carefully approaching fintech innovations mirrors the goals of the Ripple-Palau collaboration.
WoK believes this alignment suggests that Ripple’s involvement is not just incidental but deeply integrated with IMF-led financial strategies in the region, reinforcing the idea of meaningful contact between Ripple and the IMF.
Essentially, this revelation reinforces the idea that Ripple is not just working in isolation but is actively engaging with major global financial institutions like the IMF.
Such collaborations could pave the way for Ripple to play a more central role in future financial systems, particularly in regions where digital innovation and financial modernization are priorities.
@ Newshounds News™
Source: The Crypto Basic
~~~~~~~~~
RFK Jr.'s campaign may drop out to support Trump, says running mate Nicole Shanahan
Both candidates have adopted a pro-crypto position; their collaboration could create a powerful narrative in the 2024 election.
Key Takeaways
▪️ Kennedy's campaign is evaluating a potential endorsement of Trump to avoid splitting votes.
▪️ Trump has become a pro-crypto candidate, promising to support the industry.
Pro-crypto presidential candidate Robert F. Kennedy Jr.’s campaign is mulling quitting the election bid and joining forces with Donald Trump, said Nicole Shanahan, Kennedy’s running mate, on Tom Bilyeu’s Impact Theory podcast. Shanahan’s statements were first shared by Collin Rugg, Trending Politics’ co-owner.
Dropping out of the election race is just one of two possible outcomes. Shanahan said Kennedy’s campaign is also considering continuing their third-party bid, but it comes at the risk of splitting votes with Trump, which could benefit Kamala Harris’ campaign.
“There are two options that we’re currently looking at and one is staying in and forming that new party, but we run the risk of a Kamala Harris and Waltz presidency because we draw votes from Trump,” Shanahan stated.
“Or we walk away right now and join forces with Donald Trump,” she noted, adding that it would not be an easy decision and they would need to justify it to their supporters.
According to Politico, Kennedy’s campaign is struggling financially, with $3.9 million in cash and $3.5 million in debt as of July 2024. Despite efforts to boost fundraising, the campaign’s expenditures have consistently outstripped its income.
If Kennedy’s campaign team chooses to collaborate with Trump’s team, that could create a powerful narrative in the 2024 election as both two figures have adopted a pro-crypto stance.
Trump has positioned himself as a pro-crypto candidate, pledging to retain all Bitcoin held by the US government and to ease regulatory pressures on the crypto industry.
Harris’ position on crypto is unclear, though reports indicate that her campaign team has been working to reconnect with the industry in recent weeks.
Despite crypto’s growing popularity, its potential impact on voting behavior remains uncertain. Voters often make decisions heavily influenced by key issues like economic conditions.
Harris has recently faced criticism for her new economic proposals, with figures like former Obama economist Jason Furman questioning the practicality and sensibility of her plans.
Following her speech on these proposals, Harris’ odds of winning the election dropped to 49% on the decentralized prediction marketplace Polymarket, while Trump’s odds saw a corresponding surge to 49%.
@ Newshounds News™
Source: Crypto Briefing
~~~~~~~~~
Listen and learn from this man. He has facts and shares with us as we all wait. Share with others!
August 21, 2024 12:00 Central Noon, 1 pm ET
Listen Here - Podcast Room https://t.me/+VAm-AlWWqWPzyK8G
Replays - YouTube Currency Facts - YouTube
Directly from Isaac when ask for a bio
“But understand I do not have contacts. Isaac
"I have buyers the us treasury , DOD , Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac
See photos of Isaacs bonds here:
https://telegra.ph/Isaacs-Facts-and-Truth-08-03
@ Newshounds News™
~~~~~~~~~
Newshound's Currency Facts Youtube and Rumble
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Iraq Economic News and Points To Ponder Tuesday Evening 8-20-24
MP Mustafa Sand: The Government Failed To Control The Dollar File
Buratha News Agency 2024-08-20 Member of the Parliamentary Finance Committee, Mustafa Sand, considered that the government and the Central Bank failed to control the exchange rate of the dollar against the Iraqi dinar.
Sand said in a press statement that "the government did not succeed in controlling the dollar exchange rate due to the policies of the US Federal Reserve, noting that the Iraqi side's discussions with the American side did not achieve any positive results except for a protocol meeting with Biden that did not exceed 20 minutes only." He pointed out that "there is American guardianship to bring in the Jordan National Bank and its acquisition of hard currency."
MP Mustafa Sand: The Government Failed To Control The Dollar File
Buratha News Agency 2024-08-20 Member of the Parliamentary Finance Committee, Mustafa Sand, considered that the government and the Central Bank failed to control the exchange rate of the dollar against the Iraqi dinar.
Sand said in a press statement that "the government did not succeed in controlling the dollar exchange rate due to the policies of the US Federal Reserve, noting that the Iraqi side's discussions with the American side did not achieve any positive results except for a protocol meeting with Biden that did not exceed 20 minutes only." He pointed out that "there is American guardianship to bring in the Jordan National Bank and its acquisition of hard currency."
Foreign Remittance Sales At The Central Bank Of Iraq Auction Increased By Nearly 100%
Time: 2024/08/20 Reading: 741 times {Economic: Al Furat News} Foreign remittance sales rose in the Central Bank auction on Tuesday by 99% over cash sales, reaching more than $264 million.
The bank sold in its auction today 268 million, 304 thousand and 25 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to $264,954,025, up 99% from cash sales of $3,350,000.
The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 15 banks, and the total number of exchange companies participating in the auction was 6 companies. LINK
Government Advisor: Al-Alaq's Upcoming Visit To New York Will Support The Protection And Stability Of The Banking System
Economy |08/19/2024 Government Advisor: Al-Alaq's upcoming visit to New York will support the protection and stability of the banking system https://www.mawazin.net/Details.aspx?jimare=253602
Reuters: BP's Deal With Iraq Will Be Based On Profit-Sharing Model
Energy Economy News – Baghdad An agreement with BP to develop oil and gas fields in Kirkuk will be based on a profit-sharing model, and a final deal is expected by the end of this year, two oil ministry officials told Reuters.
Iraq and BP signed a preliminary agreement this month to develop four oil and gas fields in the Kirkuk region of northern Iraq, an area where BP estimates about nine billion barrels of oil could be extracted.
The two officials said the ministry and BP, which is returning to the region after an absence of about five years, are expected to sign an agreement, the terms of which will not be disclosed, this week under which Iraq will hand over a data package for the four Kirkuk fields and their facilities.
The two officials spoke on condition of anonymity because they were not authorized to speak to the press. BP has not yet responded to a request for comment.
BP withdrew from the area in late 2019 after a service contract signed in 2013 expired without reaching an agreement to expand the field. 08/20/2024 https://economy-news.net/content.php?id=46541
Oil Falls To $77.54 Per Barrel
economy | 07:32 - 08/20/2024 Mawazine News – Baghdad Oil prices fell on Tuesday (August 20, 2024) after Israel accepted a proposal to narrow differences holding up a Gaza ceasefire, helping ease concerns about supply disruptions in the Middle East.
Brent crude futures fell 12 cents, or $2.02, or 0.15 percent, to $77.54.
U.S. West Texas Intermediate (WTI) crude futures for the front month, which expire on Tuesday, were at $74.23 a barrel, down 14 cents, or 0.2 percent.
The more actively traded second-month contract was down 15 cents, or 0.2 percent, at $73.52.
Brent fell about 2.5 percent on Monday, while WTI fell 3 percent.
U.S. Secretary of State Antony Blinken said on Tuesday that Israeli Prime Minister Benjamin Netanyahu had accepted a “rough proposal” from Washington to address differences holding up a Gaza ceasefire, and urged Hamas to accept it as well.
But there is little sign of the war abating or of fears of its spread easing, with Hamas announcing a resumption of suicide bombings inside Israel after many years, claiming responsibility for an explosion in Tel Aviv on Sunday night, and medics saying Israeli military strikes killed at least 30 Palestinians in the Gaza Strip on Monday.
Supply concerns have also been eased by a rise in output from Libya’s Sharara oilfield to around 85,000 barrels per day (bpd) in a move to supply the Zawiya oil refinery, two engineers working at the field told Reuters on Monday.
Libya’s National Oil Corporation declared force majeure on oil exports from the field on August 7 after a blockade by protesters slashed output from the field, which normally stands at 300,000 bpd.
On the demand side, concerns about China’s economic troubles have also weighed on oil prices. After a bleak second quarter, the world’s second-largest economy lost further momentum in July as new home prices fell at the fastest pace in nine years, industrial output slowed, export and investment growth declined and unemployment rose.
Meanwhile, investors are also awaiting a signal on the Federal Reserve’s plans for its next interest rate decision.
The bank will cut rates by 25 basis points at each of its three remaining meetings in 2024, a bigger cut than expected last month. Fed
Chairman Jerome Powell will speak at Jackson Hole on Friday and investors assume he will make a case for a rate cut.
Lower interest rates lower borrowing costs and could boost oil demand in the world’s biggest oil consumer. https://www.mawazin.net/Details.aspx?jimare=253604
Start Of The Trial Operation Of The Investment Iron And Steel Plant In Basra With A Capacity Of 350 Thousand Tons Annually
Tuesday 20 August 2024 | Economic Number of readings: 117 Basra / NINA / The Chairman of the Basra Investment Commission, Eng. Alaa Abdul Hussein Salman, announced the start of the experimental operation of a new investment iron and steel factory with a production capacity of 350 thousand tons annually, which will contribute to meeting the needs of the governorate and neighboring governorates for iron.
He said in a statement, "The cost of establishing the project in its first phase amounted to $ 54 million on an area of 160 acres. The equipment was imported from Italy and America to include six furnaces and a rolling unit.
He pointed out that the Ukrainian-Russian crisis has greatly affected the import of iron to Iraq, highlighting the importance of the project in reducing dependence on imports.
In turn, Engineer Yasser Al-Abdeli, Director of the Factory, explained that the construction of the project began in 2021, with the attraction of companies with a global reputation in the iron and steel industry, adding that the factory will produce reinforcing steel in sizes ranging from 10 mm to 32 mm, with plans to add new production lines for screws and nails in the future.
Basra Governorate has recently witnessed the opening of a group of factories that are expected to contribute to achieving economic stability, providing new job opportunities and supporting economic development in the region. https://ninanews.com/Website/News/Details?key=1148803
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Economist’s “News and Views” Tuesday 8-20-2024
IOU YOU: "Value in Gold, Fraud in Fiat" | Mike Maloney LIVE | Rebel Capitalist Part 2
In this eye-opening video, Mike Maloney delves into the dark truths of the global monetary system under fiat currency.
Discover how the current system is built on IOUs that sell off your future labor, creating a cycle of debt and economic enslavement.
Learn the stark differences between real money under the gold standard and the modern-day fiat currency that is created out of thin air.
We uncover the fraud behind bank credit creation and how this system devalues your hard-earned money, robbing you and future generations of wealth and freedom.
IOU YOU: "Value in Gold, Fraud in Fiat" | Mike Maloney LIVE | Rebel Capitalist Part 2
In this eye-opening video, Mike Maloney delves into the dark truths of the global monetary system under fiat currency.
Discover how the current system is built on IOUs that sell off your future labor, creating a cycle of debt and economic enslavement.
Learn the stark differences between real money under the gold standard and the modern-day fiat currency that is created out of thin air.
We uncover the fraud behind bank credit creation and how this system devalues your hard-earned money, robbing you and future generations of wealth and freedom.
If you're ready to challenge everything you thought you knew about money, this is a must-watch!
Global Crash Ahead?| China & the US Establish Joint Anti-Financial Crisis Group in a Surprise Move
Lena Petrova: 6-20-2024
Something BIG IS ABOUT TO HAPPEN... AND ITS EFFECT IS GOING TO BE EXTREME.
Greg Mannarino: 8-20-2024