Economist’s “News and Views” Friday 8-23-2024

60-day gold revaluation trigger - LFTV Ep 187

Kinesis Money:  8-23-2024

In this week’s episode of Live from the Vault, Andrew Maguire uncovers how global central banks are ramping up gold buying while the Fed continues its attempts to suppress gold prices and conceal the true extent of the dollar's depreciation.

The precious metals expert provides an update on the BRICS’ gold-backed token launch and discusses the escalating shift toward de-dollarisation of the global trade, signalling significant changes ahead in the gold and silver markets.

Timestamps

00:00 Start

 04:00 53rd anniversary of the US leaving the gold standard and the rise of petrodollar

 08:49 Tracking BIS efforts to split from the Fed and coordinated gold buying by banks

19:45 Update on the BRICS gold-backed currency progress

24:51 In-depth short-term gold market overview - with charts!

https://www.youtube.com/watch?v=Apbcw0IQVpQ

Millions Are Seriously Struggling Now After Credit Crisis Worsens

Atlantis Report:  8-23-2024

Millions Are Seriously Struggling Now After Credit Crisis Worsens. The U.S. economy is facing a severe credit crisis, as 75 million people have stopped paying their debts, according to a recent report by the Consumer Financial Protection Bureau.

The report reveals that millions of Americans are struggling to repay their loans, mortgages, credit cards, student loans, and other debts due to the combined effects of the pandemic, the recession, the inflation, and the reserve ratio.

This widespread non-payment of loans, credit card balances, and other financial obligations has sent shockwaves through the banking sector, raising concerns about the solvency of lending institutions and the potential for a cascading effect on the global economy.

The United States is currently experiencing a severe financial crisis, which has left millions of Americans dealing with unprecedented economic challenges.

This crisis is caused by increasing household debt, higher interest rates, and ongoing inflation, leading to major financial problems for many families nationwide.

 As the cost of living continues to outgrow income growth, more and more individuals are finding it difficult to meet their financial obligations.

This has led to a widespread crisis, posing a threat to the economic well-being of numerous households.

https://www.youtube.com/watch?v=-QvAdTYMPJI

We Just Saw The TREMOR Before The Earthquake | Francis Hunt

Liberty and Finance:  8-22-2024

The impending global financial collapse marks an unprecedented event in economic history, characterized by the synchronized failure of fiat currencies and debt systems worldwide, says The Market Sniper Francis Hunt .

 As central banks and governments grapple with an escalating crisis, the scale of this collapse is poised to reshape economic paradigms for centuries.

In the face of soaring gold prices, currently exceeding $2,500 per ounce, Hunt forecasts a significant bull run for gold, with potential highs reaching $3,000 and beyond.

This global debt crisis, unlike past economic downturns, is affecting all major economies simultaneously, underscoring the gravity of the situation. For those invested in precious metals, particularly gold, this period presents an unparalleled opportunity amid the economic turmoil, he notes.

INTERVIEW TIMELINE:

 0:00 Intro

1:10 $2500 gold

5:43 Economic collapse

15:50 Gold & oil update

22:33 Silver update

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

Coffee with MarkZ and Mr. Cottrell. 08/23/2024

Coffee with MarkZ and Mr. Cottrell. 08/23/2024

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 morning Markz, Zester & special family & friends

Member: Welcome to another weekend

Member: IMO Something or someone is stopping this reset/RV from going through…..Bad guys must still be in control or it would already be done.

Member: Praying for MARK, RV and med beds please Lord let this crap be over with soon!!

Member: Hopefully good news from Mark and Mr. C this morning

MZ: From the bond side and group side it’s still very quiet.

​​Member: Frank26 has said that the Iraqi Citizens are being shown the new lower denominations on the street level. They are being distributed in Iraq…If so , I assume this puts us in a short window until it’s on forex for us.

MZ: If they are being distributed…yes.  We do know they have printed them…we have seen the contracts with DeLaRue in 2018 when they were printed. We know they have sent “cut sheets” or samples to banks , large retailers ect….showing all the security features ect. So they have printed them, prepared everyone, educated the exchange houses. They have also formed a committee to educate people on price changes.

MZ: It’s clear they are going to lower denominations. If they are finally releasing them at the street level… Well, that is huge news. …

Member: my brother has a friend who contacted him the other day who is working in Iraq as a contractor and he told my brother he got paid in Dinar. Idk if this is relevant or not just wanted to share

Member: Melanie Hines just got last minute Intel that this weekend looks really promising

MZ: That fits with what I am hearing….hope its accurate.

Member: My gut says we are seriously close, lol seriously.

MZ: Mine does too….Let’s hope the rumors for this weekend coming out of Iraq are correct.

MZ: I think this one is  important: ( From Awake-In-3D)  “Iraq Now Moving Backwards in Battle to Strengthen the IQD”

MZ:  Iraq is having problems with the US dollar. To many people still want to use the US dollar instead of the Iraqi dinar. This is causing problems for Iraq. This problem will not go away…it will not disappear until the value of the dinar is closer to the dollar or more than the dollar. It will completely go away the moment the dinar is worth more than the US dollar.

MZ: I am told this is part of the push coming out of the CBI right now because they know its causing issues for them if they do not go ahead and increase that value. I am told this is part of why in Iraq- this weekend is in the crosshairs. Will they do it? Will they raise the value? I don’t know but that is certainly the chatter right now. This is from my finance ministry connection and a couple contractors over there.

MZ: “ Iraq moves to profit sharing and new oil contracts” This is a few days old but they are changing how they work their strategic partnerships. They are distributing pieces and parts from ongoing revenue from oil –if you invest on those projects. This means they are looking for very long term investments both in and outside the country. This points toward long term stability. I was told this is an important leg for the RV. They will become a regional powerhouse and influencer .

Member: The federal Register and the IRS are meeting on Oct 28 to finalize the tax laws , they have been working on since June 15th, concerning the taxing of foreign currency.

Member: That is not good news for all of us.

Member: KEEP THE FAITH …..ALL THINGS ARE POSSIBLE WITH GOD!

Member: Faith consists in believing when it is beyond the power of reason to believe.

Member: I have a strange feeling something big is coming….Thanks Mark and mods…See you all tonight

MZ: Tonight Zester may be taking the lead as I continue to heal…..Supposed to be 2 to 4 weeks before I really see the big difference.

Mr. Cottrell and CBD Guru’s join the stream today. Please listen to the 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=f8k9cswHSBM

Iraq Now Moving Backwards in Battle to Strengthen the IQD

Iraq Now Moving Backwards in Battle to Strengthen the IQD

Awake-In-3D   August 22, 2024

Iraq’s struggle to stabilize the dinar worsens as growing reliance on dollars, rising imports, and inflation risks signal a shift in the wrong direction.

Iraq is facing serious financial challenges as it tries to reduce its dependence on the U.S. dollar and strengthen its own currency, the Iraqi Dinar (IQD). Despite efforts from the government and the Central Bank, Iraq is relying more on the dollar than ever before.

This makes it harder for the country to build a stable economy. Instead of improving the value of its own money, Iraq’s economy is moving in the wrong direction. By printing more dinars and buying record amounts of dollars, the country risks weakening its currency and becoming more dependent on foreign markets.

What you will learn reading this article:

• Why Iraq’s increasing purchases of U.S. dollars signal deeper economic issues

• How issuing more Iraqi dinars is weakening the currency and fueling inflation risks

• The impact of rising foreign currency transfers on Iraq’s dependency on imports

• Why current economic policies are falling short of creating long-term stability for Iraq’s economy

Iraq is struggling to gain control over its currency as its reliance on the U.S. dollar grows. Despite efforts by the Central Bank of Iraq (CBI) to strengthen the IQD and reduce dependence on foreign currency, the country’s economic strategy appears to be faltering.

Recent financial activities suggest that Iraq is moving backward in its quest for economic independence, raising concerns about the future of the nation’s financial stability.

Record-Breaking Dollar Purchases Signal Alarming Economic Trends

One of the clearest signs of Iraq’s deepening economic troubles is the Central Bank’s substantial purchases of U.S. dollars. In July 2024, the Central Bank of Iraq bought an unprecedented $9.6 billion worth of dollars from the Ministry of Finance, marking a record high since such transactions began in 2003. The trend is not confined to a single month either; in 2024, monthly purchases of U.S. dollars have averaged $5.9 billion.

This pattern of heavy reliance on the dollar is driven largely by the government’s growing expenditure, which requires more Iraqi dinars to fund its operations. As the government spends more, it turns to the dollar to keep the economy running. However, these purchases erode the strength of the IQD, pushing Iraq further from its goal of economic sovereignty.

Issuance of More Iraqi Dinars Weakens Its Value

To meet the Ministry of Finance’s financial needs, the Central Bank has issued more Iraqi dinars, but this strategy is creating new problems. Printing more dinars risks oversupply, which weakens the currency and threatens to fuel inflation. Historically, Iraq has struggled with inflationary pressures, and the current influx of newly minted dinars could reignite those issues.

Rather than stabilizing the currency, this approach is diluting the dinar’s value, putting Iraq in an even more precarious position. Instead of fostering a strong IQD, the country is becoming increasingly dependent on foreign currency reserves, predominantly U.S. dollars, to maintain its financial balance.

Rise in Foreign Currency Transfers Highlights Dependency on Imports

Another backwards trend is the rise in foreign transfers of U.S. dollars, which surged by 99% in recent months, reaching over $264 million in a single auction. The Central Bank uses these transfers to pay for imports and settle international accounts. The spike in foreign transfers is evidence of Iraq’s reliance on international markets to meet domestic needs.

This dependence on foreign goods and services weakens the IQD and diminishes the prospects of building a robust domestic economy. Each dollar sent abroad is a reminder of Iraq’s continued dependence on foreign markets, making it increasingly difficult to achieve economic independence.

Economic Policies Fall Short of Long-Term Stability

While the Central Bank has made efforts to ease the process for private banks to transfer money overseas, these policy changes are far from a solution. Such measures may keep imports flowing and help Iraqi banks pay international suppliers, but they fail to address the core issues plaguing Iraq’s economy.

The real problem lies in the country’s dependence on the U.S. dollar and its lack of a comprehensive strategy for strengthening the IQD. Unless Iraq shifts its focus to long-term growth and economic independence, these short-term policy changes will only provide temporary relief without resolving the underlying challenges.

Supporting Sources:

• Alforat News Iraq-Article 1

• Alforat News Iraq-Article 2

• Alforat News Iraq-Article 3

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Friday Morning 8-23-24

Good Morning Dinar Recaps,

LIVE: Fed Chair Jerome Powell speaks at the 2024 Jackson Hole Economic Policy Symposium — 8/23/2024 AT 10:00 AM EDT

Federal Reserve Chair Jerome Powell speaks at the central bank’s annual Jackson Hole conference on the economic outlook on Friday. That will follow minutes from the Fed’s July gathering released Wednesday. They indicated that most participants at the central bank’s meeting said it would “likely” be appropriate to lower the fed funds rate from the current range of 5.25% to 5.5% at the September meeting — if data continues to come in as expected.

@ Newshounds News™

Watch Live Here: BENZINGA

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rypto Expert Warns: 95% of XRP Holders May Miss Out on Generational Wealth – Here’s Why

Edoardo Farina, CEO of Alpha Lions Academy, advises XRP holders to focus on long-term potential.

Farina stresses the importance of securing digital assets and suggests using cold wallets to protect investments.

Edoardo Farina, CEO of Alpha Lions Academy and Head of Social Adoption XRPHealthcare, recently addressed XRP holders during Istanbul Blockchain Week with a cautionary message. Farina, a notable figure in the cryptocurrency sector, emphasized the importance of patience and strategic thinking in maximizing the potential of XRP investments.

Farina pointed out that a lot of XRP holders are only in it for the quick buck, and they grow impatient with the price volatility of the cryptocurrency. He pointed out the difficulties of XRP investors but emphasized that the main thing is to focus on the long-term strategy.

“Unfortunately, a lot of XRP holders are losing their patience, and I totally understand that it has been quite a journey,”

Farina stated. He encouraged investors to forget the short-term fluctuations in the market and focus on the long-term process of building wealth through crypto-currencies.

Farina Compares XRP Investment to Marathon Running
Farina further stated that XRP can make one rich but this process is among the longest and most frustrating of all. He compared the process to running a marathon and explained that people should not expect too much from the market too soon.

Farina also focused on the issue of investment as one of the critical factors that need to be considered. He told the XRP holders not to allow digital currency to define their lives and that they should find other ways to make money.

As noted by Farina, this approach helps in avoiding biases and minimizes the stress of monitoring the market on a daily basis.

Farina also pointed out the need to protect digital assets as well. He advised that XRP investors should keep their investments in cold wallets to avoid exposing them to risks on the internet. He emphasized that it is crucial for the protection of investments in the long run.

“Have your 10,000 XRPs or whatever number you want to hold,” Farina advised, warning that frequent trading could lead to missed opportunities. He stated that buying and keeping XRP in the midst of market volatility will be profitable once its value rises.

XRP’s Potential to Disrupt Global Finance
Farina’s optimism about XRP is based on the fact that this cryptocurrency is capable of revolutionizing the world’s financial systems. He noted that XRP could take a large share of SWIFT’s transactions that amount to 10 quadrillion dollars. This means that even a small percentage of this market could lead to a massive surge in the value of XRP.

“Just imagine what will happen when XRP captures one percent of SWIFT’s 10 quadrillion in transactions,” Farina said. He argued that those who can remain patient and stick to a well-thought-out strategy could achieve generational wealth.

In his message to the XRP community, Farina emphasized the principles of restraint, planning, and prudence. He advised investors to ignore short-term fluctuations in the market and consider the long-term value of their investments.

@ Newshounds News™

Source:  Crypto News Flash

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Franklin Templeton expands blockchain fund to Avalanche network

Franklin Templeton has expanded its pioneering blockchain-integrated money market fund to Avalanche, broadening institutional investor access to digital finance.

Franklin Templeton, a global asset management firm, has expanded its Franklin OnChain US Government Money Fund to the Avalanche network.

According to a press release shared with Cointelegraph, the expansion to the layer-1 blockchain will be the “first-of-its-kind onchain money market fund” on Avalanche.

The fund, which launched in 2021, allows institutional investors access to Franklin Templeton’s blockchain-integrated record-keeping system, Benji Investments.

“[Investors] may hold their wallets on the Avalanche network upon request and subject to eligibility.”

The decision to expand to Avalanche
Franklin Templeton’s decision to expand to Avalanche builds upon its existing digital asset initiatives, which can be seen in the firm’s digital assets teams’ focus on blockchain technology since 2018.

In the press release, Ava Labs president John Wu stated that he was “thrilled” to see the fund expand to the Avalanche network:

“Franklin Templeton shares a mutual commitment to developing transformative digital financial products and services that will meet onchain investor demand today and bring offchain capital and users into the ecosystem tomorrow.”

In a written Q&A with Cointelegraph, Wu explained the significance of the expansion of the fund into the Avalanche ecosystem, describing it as a “foundational piece.”

“Blockchain and tokenization enable traditional finance to more easily reach people and businesses, offering new capabilities that are not possible via traditional rails.”

Franklin Templeton ETF filing
On Aug. 16, the global asset management firm applied to the United States Securities and Exchange Commission to launch a new exchange-traded fund (ETF).

The new ETF — the Franklin Crypto Index ETF — is designed to be a one-stop-shop crypto portfolio and to track the performance of the CF Institutional Digital Asset Index.

Katalin Tischhauser, head of investment research at Sygnum, explained that the “next logical step” is index ETFs because “indices are efficient for investors.”

Fund launch on Arbitrum
On Aug. 8, Franklin Templeton also announced the launch of the fund on Arbitrum, which aims to bridge traditional finance and decentralized finance.

Users of the fund on the Benji Investments platform can acquire and hold its tokenized shares on Arbitrum to generate low-risk investment yields.

With the addition of the Avalanche network to the fund’s expansive efforts, Franklin Templeton now offers tokenized shares on Avalanche, Arbitrum, Stellar and Polygon.

@ Newshounds News™

Source:  Cointelegraph

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News, Rumors and Opinions Friday AM 8-23-20244

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 23Aug. 2024

Compiled Fri. 23Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

 Thurs. 22 Aug. 2024 MarkZ: “We have good news on the Farm Claims, the original Pigford Black Minority Farm Claims. I am sure you all have seen the article over the last few weeks that the “Farmers who faced USDA discrimination received historic $2B payout.” My understanding is Pigford farm claims first…then the original 14 claims….of which 2 people have checked in telling me they do have money…not everything but a “chunk” ….So for me it is well underway and happening.

MarkZ cont…….The question is when will the “rank and file” of the bond world get paid? The bond market appears to be on hold right now, but still lots of expectations for this week.” https://www.agriculturedive.com/news/usda-black-minority-farmers-discrimination-payments/723051/

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Thurs. 22 Aug. 2024 Wolverine: “It looks like we have the green light. It looks like it’s on. Hold on. It’s not official, but it looks like it’s happening.”

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Thurs. 22 Aug. 2024 Bruce:

There were 19 solid new currency rates showing up on Redemption Center screens. One was the USN.

The screen rates at the Redemption Centers will be 3 x times higher on the Dinar and  2 x times higher on the Dong. The other currencies take the Bolivar are all between $4 and $7 so we’ll be fine.

Emails to set redemption appointments were going out to the Redemption Center leaders. As of now they’ve not received the Green Light but they think after the markets close, or it could be by tomorrow through Sunday.

Bond Holders are expecting their emails Sunday, Monday or Tuesday.

So Tier4b (us, the Internet Group) could receive notification to make redemption appointments in conjunction with the EBS somewhere between the weekend to next Tuesday.

We are hearing that over the weekend (or early next week) the EBS will alert us over our phones to turn on the TV for documentaries to be broadcast for eight hours three times a day for ten or twelve days of disclosure.

The EBS and documentary showings were a cover for us to go in and do our exchanges and redemption of Zim.

The Admiral will start either Saturday or Sunday and continue through Monday.

All debt forgiveness will be done by the 31st August.

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Thurs. 22 Aug. 2024 The Alliance Plan, Charlie Ward

Implementation of NESARA/GESARA debt relief.

The military will provide the necessary food to the masses.

QFS implementation.

95% reduction in government machinery.

The Federal Reserve will be abolished, and the IRS will be placed under the new U.S. Treasury Department.

A new tax system requiring only a 14% tax on new items and no tax on things like food, medicine, wages, used houses, and cars.

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Wed. 22 Aug. 2024: The Countdown Has Begun: GESARA to Wipe Out Global Debt and Reset World Economy! – Gazetteller

Wed. 22 Aug. 2024: Breaking Alert: Protocol 19 Triggers Black Swan Event – NESARA and GESARA – Revolution – Trust the Plan! – amg-news.com – American Media Group

Thurs. 22 Aug. 2024: BREAKING: Over 159 Countries Abandon SWIFT for the BRICS Payment System, Challenging U.S. Dollar Dominance! What’s Next? – amg-news.com – American Media Group

Thurs. 22 Aug. 2024: MILITARY INTEL: Quantum Financial Systems, Project Odin, and the Emergency Broadcast Revolution – amg-news.com – American Media Group

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Global Financial Crisis:

Thurs. 22 Aug. 2024 Blockchain goes banking mainstream – Electronic Payments International: https://www.electronicpaymentsinternational.com/comment/blockchain-goes-banking-mainstream-scott-zoldi-fico/

Read full post here:  https://dinarchronicles.com/2024/08/23/restored-republic-via-a-gcr-update-as-of-august-23-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Sudani showed up on the television just like he did yesterday, today he is talking once again about the monetary reforms.  He says to us the monetary reforms are underway.  FRANK:  This is serious.  Every day his is coming and talking to the Iraqi citizens...I am extremely excited for your purchasing power that is soon to come to you exactly the way Sudani has been telling you...

Walkingstick   What they are doing right now to you Iraqi citizens is called a media campaign.  It is a massive attempt to tell you what they're about to give you...The speed of this monetary reform education is coming at you very fast ever since the United States Treasury showed up.  They are the ones that have increased the speed of this information to you.

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Slow Motion Crash: De-dollarization Continues as States Ditch the USD & Trade in Local Currencies

Lena Petrova:  8-23-2024

https://www.youtube.com/watch?v=V6qcIvwX95s

“Tidbits From TNT” Friday Morning 8-23-2024

TNT:

Tishwash:  Economist points to a “solution” that will “lower” the dollar exchange rate

Today, Thursday (August 22, 2024), Mustafa Akram Hantoush, an expert in economic and financial affairs, commented on the reasons for the fluctuations in the dollar exchange rate in the Iraqi markets.

Hantoush told Baghdad Today, "The parallel market needs to be dismantled in order for the exchange rate to decrease. Previously, there were solutions to the issue of cigarettes and gold, and the tax was reduced and the merchant was allowed to buy through the platform again, and the exchange rate stabilized at 145 thousand dinars."

He added, "We have small traders who do not have a facilitating mechanism, and we have trades such as gold and cleaning materials that have not been processed, and we have huge trade with Iran and Syria worth millions of dollars, and these can be processed by giving them currency or gold," stressing that "most countries have solved the problem of trade with Iran, despite the American sanctions imposed on them, and solved the problem of travel to those countries."

The dollar exchange rate in the parallel markets rose again, as the markets recorded prices close to 150,000 dinars for every 100 dollars, even though the Central Bank of Iraq sells it at 1,320 dinars for every one dollar.

With the government's efforts to control prices in parallel markets, commercial markets witnessed a decline in the exchange rate in recent weeks, but it rose again, which indicates an economic problem that is still present in the country.

In response, parliamentarians raised a movement to question the governor of the Central Bank within the legislative dome, as the Finance Committee in the House of Representatives, on Sunday (August 4, 2024), directed a request to the Presidency of Parliament to question the governor of the Central Bank .

A document signed by the members of the Finance Committee, received by Baghdad Today, stated: “We, the members of the Finance Committee listed below, are the signatories for the purpose of hosting the Governor of the Central Bank due to a major defect in the management of the bank .”

The document added: "Therefore, we demand that the Governor of the Central Bank be questioned in the nearest session, in accordance with the applicable articles of the constitution and internal regulations."  link

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Tishwash:  Parliament's "Forgery" of the Budget... A "Dangerous Precedent" Swinging Between Denial and Confirmation, Putting Mandalawi on the Brink of Overthrow

Independent MP Ahmed Majeed Al-Sharmani commented today, Thursday (August 22, 2024), on the existence of manipulation and changes in the 2024 budget tables approved by the House of Representatives.

Al-Sharmani told Baghdad Today, "The parliamentary investigations are ongoing and ongoing in order to find out the truth about the existence of manipulation and change in the 2024 budget schedules."

He added: "We requested all papers and documents from the Parliamentary Finance Committee to audit the tables and reveal the truth about any tampering with them, and we are still waiting for those papers to reach us from the committee, and after the audit we will take a position in the event of any tampering."

He pointed out that "this move is supported by most of the representatives, and we cannot remain silent about such a serious issue in which there is manipulation if these allegations are true, in addition to the existence of a parliamentary investigative committee specializing in this file."

Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, denied any manipulation of the budget tables, saying that “the budget tables voted on by the House of Representatives are the same ones sent by the Council of Ministers and returned to it.”

Al-Mandlawi posted on his Facebook account, yesterday, Wednesday (August 21, 2024), that “after following up on what is being published and broadcast of inaccurate talks by some media outlets, the budget tables voted on by the House of Representatives are the same ones sent by the Council of Ministers and returned to it, according to our parliamentary decision No. (64),” stressing that no amendments have been made to them, according to the statement . 

He pointed out that "the aforementioned tables are the same ones that were sent to the government after approval," noting that the Council Presidency "has formed a high-level committee to examine the circumstances raised regarding the issue and determine their truth."

Investigations are ongoing

However, the Parliamentary Finance Committee confirmed that the investigation committee is continuing to investigate the circumstances of tampering with the budget tables and the CD, noting that the government has begun working with the tables voted on by the House of Representatives.

Committee member Moeen Al-Kadhimi said in a statement followed by "Baghdad Today", Tuesday (August 20, 2024), that "the investigation committee formed by the parliamentary finance and related to tampering with the budget tables sent by the government to parliament and which were voted on is still ongoing," noting that "the investigation was conducted with the Secretary-General of the Council of Representatives and the Director of the Office of the Speaker of the Council of Representatives ." 

At the beginning of last June, the House of Representatives approved the amended Federal General Budget Tables No. (13) for the year (2024) . During the House of Representatives session, the estimates of the General Budget Tables for the year 2024, its attachments, and the deficit financing tables were approved .

Al-Mandlawi may lose his position

MP Basem Khashan, for his part, confirmed the possibility of terminating the membership of the acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, if the charges of tampering with the budget tables, which were recently revealed by the Prime Minister’s Office, are proven.

In a televised interview followed by "Baghdad Today" (August 19, 2024), Khashan said, "Parliament committed legal violations in amending the budget schedules, and they were on their way to being published and implemented had it not been for the government's scrutiny, noting that many representatives were deceived in this file ."

The Council of Ministers had spoken of an increase of 15 trillion dinars in the last tables, and it was not included in the agreement, discussions and voting, requesting a re-audit.

However, information indicates that there is a difference in the numbers amounting to more than 10 trillion added to the original budget of 211 trillion dinars, which is something that economic experts consider a dangerous precedent, given the failure to submit final accounts  link

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Tishwash:  Did the Iraqi government fail to maintain the truce between the factions and Washington?

The positions and statements of the Iraqi armed factions operating under the umbrella of the " Islamic Resistance in Iraq " continue, confirming that they are no longer in the truce with Washington, and that the option of resuming attacks on American bases has become available again. This comes after statements by the Iraqi government confirming the postponement of the withdrawal of international coalition forces from the country following recent attacks on the Ain al-Assad base, which houses American soldiers and is located in Anbar Governorate in the west of the country. The advisor to the Iraqi Prime Minister, Diaa al-Nasiri, also confirmed the freezing of dialogue with the United States on the file.

The government's retraction of its promises to end the international coalition's mission has provoked the Iraqi armed factions. Although they have not yet issued any unified position on ending the truce, positions have begun to emerge following successive statements by each faction separately, indicating a lack of prior coordination between them, at a time when the government is seeking to control the factions' rhythm and avoid dragging the country into a new escalation.

In a press statement, Haidar al-Lami, a member of the political council of the al-Nujaba group, confirmed that the truce, which was intended to give the government time to negotiate the withdrawal of American forces from the country, has ended, and that options for targeting military bases are now available. He pointed out that the Iraqi armed factions “ended this truce, after procrastination and stalling by America regarding the withdrawal of its forces during the talks with the Iraqi government.”

As for the security official of the Iraqi Hezbollah Brigades, Abu Ali al-Askari, he confirmed that "we have no commitment to stop operations against the American occupation forces in Iraq." He said in a statement issued on Wednesday evening, "We have no commitment to stop operations against the American occupation forces... All that matters is that the work is subject to the balances specific to the stage."

Two days ago, Kazem al-Fartousi, spokesman for the Sayyid al-Shuhada Brigades, one of the most prominent Iraqi armed factions, confirmed to Al-Araby Al-Jadeed that the position of the Iraqi resistance factions has been clear and announced from the beginning, that the failure of diplomatic efforts to end the American presence in Iraq will push them to resume their operations to liberate all Iraqi territory. This matter is fixed and announced, and we are awaiting the government’s official position regarding the latest developments in its negotiations, even though we know that there is no American seriousness in withdrawing.

For his part, a deputy in the Coordination Framework Alliance confirmed that the positions of these factions are not yet official, especially since the government is seeking to extend the truce, explaining to Al-Araby Al-Jadeed that “the Al-Nujaba Movement and Hezbollah are among the most hardline resistance factions in their positions against Washington, and that there are less hardline voices within the resistance.” The deputy, who requested anonymity, confirmed that “these factions have taken a position to end the truce unilaterally, and that they have confirmed that they will strike American bases in Iraq if America strikes the factions in response to targeting the Ain al-Assad base,” indicating that “the government, in turn, has provided them with guarantees that Washington will not carry out any strike, in an attempt to calm the situation.”

He pointed out that "the government side is exploiting the period of the Arbaeen pilgrimage and the factions' preoccupation with it, to move towards not violating the truce," indicating that "the situation is not reassuring, and the biggest role is for the government, which is working hard to control the rhythm of the two parties."

Forces in the Coordination Framework are working to remove the circle of confrontation

Forces within the Coordination Framework are also seeking to remove the issue from the circle of military confrontation, calling on parliament to intervene. Al-Fatah Alliance leader Ali Al-Fatlawi said in a press statement on Wednesday that "the political forces are determined to expel American forces from the country and have no intention of backing down from this decision at all." He called on the House of Representatives to intervene "in the upcoming sessions to discuss the expulsion of these forces, because this presence threatens security and stability in Iraq."

On August 5, the Ain al-Asad base was subjected to a missile attack, for which a new group calling itself “the Revolutionaries” claimed responsibility, and which resulted in the injury of a number of American soldiers within the US-led international coalition forces. Two days later, the Iraqi authorities announced the arrest of five people who they said were involved in the attack on the base, while no details about them have been revealed so far.

Since the beginning of last February, the Iraqi resistance factions have entered into a truce with the American side following the assassination of the leader of the Iraqi Hezbollah Brigades, Abu Baqir al-Saadi, stressing that this comes to pave the way for the Iraqi government to take the initiative towards developing solutions to end the presence of the international coalition in the country.  link

Mot: He sure does.

Mot: .. Starts out OK – butttttt 

7 Money Habits My Richest Clients Live By

I’m a Financial Advisor: 7 Money Habits My Richest Clients Live By

Martin Dasko  Wed, August 21, 2024   GOBankingRates

While it’s easy to assume that many rich people came from money, the National Study of Millionaires, conducted by Ramsey Solutions, discovered that 79% of millionaires in America didn’t receive any inheritance from their families. This means that most rich people have to rely on financial habits that will help them build wealth and keep it, instead of receiving it for free.

GOBankingRates contacted two financial advisors to find out what money habits their wealthiest clients live by. Also, find out how a financial can help you, even if you’re not wealthy.

Rich People Think About More Than Just Saving Money

“The wealthy that remain wealthy don’t just save — they save wisely, invest with discipline and keep their costs low,” said Andrew Latham, a CFP and managing editor at SuperMoney. “They play the long game, focus on minimizing taxes and know the value of diversification.”

Rich clients are known for being diligent about their investments. Since there are only so many hours in a day, you have to ensure that your money is working for you when you’re unable to do so.

Latham added, “It’s not just about earning more, but about holding onto it and letting it grow steadily over time.”

They Live Below Their Means

“Many wealthy people live frugally — driving older cars and living in reasonably priced homes,” said Latham. “Nearly 90% of millionaires are self-made, often living in homes under $500,000.”

Many financial experts recommend that you try to save 20% of your pay so that you can plan for the future. Ramsey Personality Jade Warshaw is a proponent of setting aside 15% of your take-home pay for retirement so that you can have your money work for you. Either way, the richest clients are usually those who have embraced some sort of frugality, so they don’t live above their means, ensuring that they can focus on building wealth.

They Track Their Finances

“The richest clients really pay attention to their expenses and track their cash flow closely,” said Taylor Kovar, CFP and CEO of 11 Financial. “This habit helps them make smart financial decisions and spot areas that might need to be improved.”

https://www.yahoo.com/finance/news/m-financial-advisor-7-money-160040498.html

Iraq Economic News and Points To Ponder Late Thursday Evening 8-22-24

Parliamentary Finance Committee Confirms That There Is No Intention To Print New Paper Currency

economy | 08/22/2024 Mawazine News – Baghdad   The Parliamentary Finance Committee confirmed, on Thursday, that there is no intention to print a new paper currency.

Committee member Moeen Al-Kazemi said, "There is no intention to print new paper currency at the Central Bank," noting that "the Ministry of Finance began funding ministries and governorates with salaries two days ago."

He added that "the cash mass required monthly to pay employees' salaries is estimated at four million employees, four million beneficiaries of the Retirement Authority, and two million social care, which is approximately 7 trillion and 500 billion dinars."

He continued, "This amount is prepared monthly and there is no shortage in this aspect, considering that the current export is approximately 3 million and 400 thousand barrels of oil at a price of more than $ 75 per barrel."

He explained that "the provision of the necessary liquidity is done by the Central Bank and delivered to the Ministry of Finance, which in turn delivers these numbers and the cash mass to the ministries and governorates, and there is no acute problem regarding cash liquidity.  https://www.mawazin.net/Details.aspx?jimare=253717   

16 Billion Dinars Is The Value Of Weekly Trading On The Stock Exchange

Stock Exchange  Economy News – Baghdad   The Stock Exchange announced, on Thursday, that it traded tens of billions of shares with a financial value exceeding 16 billion dinars during the organization of five trading sessions in the third week of August.

According to the stock exchange indicators, the number of shares traded during this week amounted to more than (30) billion shares, with a value of more than (16) billion dinars.

The ISX60 index closed the first session of the week at (868.31) points, while the index closed at the end of the week at (853.38) points, achieving a decrease of (1.75%) from its closing at the beginning of the session.

The ISX15 index closed the first session of the week at (972.21) points, while the index closed at the end of the week at (963.47) points, achieving a decrease of (0.91%) from its closing at the beginning of the session.

During the week, (3317) purchase and sale contracts were executed on the shares of companies listed on the market.

84 views  Added 08/22/2024 - https://economy-news.net/content.php?id=46634

Demands For The Formation Of A Parliamentary Committee To Investigate The Difference In Budget Schedules Amounting To 8 Trillion
 
Political |  01:11 - 08/21/2024  Mawazine News – Baghdad  Today, Wednesday, a member of the House of Representatives, Representative Sarwa Abdel Wahed,
 
called for the formation of a parliamentary committee whose results will be presented to the House of Representatives regarding the difference in the budget schedules, which amounts to 8 trillion dinars.

Abdel Wahed said in a statement received by Mawazine News,
 
“After talking about the difference in the budget schedules, which amounts to 8 trillion, it became necessary for the Presidency of the Council to respond to the letter from the Council of Ministers that was sent on the first of last July, and as a result, the Chairman of the Finance Committee instructed Forming a committee to find out the facts.”  Abdel Wahed explained,
 
 “It seems like there is a delusion in the matter, 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 tampering with the schedules, then this is a disaster that must not be tolerated, and that
 
Parliament must not allow it to be a bridge for the corrupt.” https://www.mawazin.net/Details.aspx?jimare=253691   

Central Bank Sells Over $278 Million in Auction Today

Economy  | 03:46 - 08/22/2024  Mawazine News – Baghdad  The Central Bank announced today, Thursday, its sales of hard currency, which amounted to more than $278 million in today's transactions.

The bank's data showed that the total internal cash withdrawals amounted to $10,400,000, while the total amounts of transfers abroad, including remittances and credits, amounted to $267,861,086, while the total sales amounted to $278,261,086.   https://www.mawazin.net/Details.aspx?jimare=253749

Al-Sudani: Government Reform Raised Tax Revenues By 22% In 8 Months

Money and business  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani said on Thursday that the government had taken reform measures that contributed to raising tax revenues by 22% during the current year.

The Prime Minister's Media Office stated in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired a meeting of the Supreme Committee for Monitoring the Implementation of Tax Reform, during which what has been accomplished according to the relevant Cabinet decisions packages, or the steps undertaken by the Supreme Committee, and the most prominent digital indicators were reviewed,

including the increase in tax revenues by (22%) for the current year until the beginning of August, compared to the same period last year, after the government took a series of reform measures that contributed to increasing growth indicators and its sustainability."

Al-Sudani stressed, according to the statement, that “the economic reform adopted by the government as part of its program, understood the importance of implementing tax reform as a strategic option, within a comprehensive development vision for the non-oil economy, and for managing the state’s public funds and resources,

 indicating that it is a mistake to consider it an outlet that the government resorts to whenever oil prices are disturbed, or the revenues of the oil economy decline.”

The statement explained that "the meeting discussed what was implemented within the framework of expanding the tax base, including economic activities using the self-assessment method, and within exemptions approved by Cabinet decisions. It also discussed implementing steps to address the problems of taxpayers and the accounting of private banks."

He pointed out that "the meeting presented to the Prime Minister the efforts to prepare a new draft law for income tax in Iraq with the German Cooperation Organization (GIZ), and by adopting international standards that are friendly to the business environment and supportive of the private sector,  

in order to achieve tax justice, as well as the steps to prepare a new draft law for sales tax in Iraq, and prepare a draft amendment to the law on the transfer of real estate ownership tax, in addition to what has been accomplished in the field of tax accounting for extr active oil companies within the licensing rounds, and establishing a mechanism for collecting income tax from their activities." 55 views  Added 08/22/2024 - https://economy-news.net/content.php?id=46636

The Dollar Exchange Rate Continues Above The 150 Thousand Threshold

Economy  | 02:40 - 08/22/2024   Mawazine News – Baghdad    Mawazine News publishes today, Thursday, the exchange rates of the dollar against the Iraqi dinar in local markets.   The prices are as follows:

- Selling 150,500 dinars for every 100 dollars.

- Buying 148,500 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=253739

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 8-22-24

Good Evening Dinar Recaps,

LIVE: Fed Chair Jerome Powell speaks at the 2024 Jackson Hole Economic Policy Symposium — 8/23/2024 AT 10:00 AM EDT

Federal Reserve Chair Jerome Powell speaks at the central bank’s annual Jackson Hole conference on the economic outlook on Friday. That will follow minutes from the Fed’s July gathering released Wednesday. They indicated that most participants at the central bank’s meeting said it would “likely” be appropriate to lower the fed funds rate from the current range of 5.25% to 5.5% at the September meeting — if data continues to come in as expected.

@ Newshounds News™

Watch Live Here: BENZINGA

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Jackson Hole Preview: 5 Important Questions Ahead Of Jerome Powell's Fed Speech

Zinger Key Points

Investors anticipate insights on upcoming rate cuts, particularly in Powell’s Friday speech at 10 a.m. ET.
Analysts expect Powell to hint at rate cuts while emphasizing the Fed's data-driven approach to monetary policy.

Traders are anxiously awaiting the Federal Reserve’s annual Jackson Hole Symposium. This highly anticipated event could set the tone for the Fed’s future policy actions, especially as investors anticipate a rate cut at the upcoming September meeting.

All eyes are on Fed Chair Jerome Powell's pivotal speech on Friday at 10 a.m. ET, where he is expected to provide crucial insights into the economic outlook and the central bank’s rate-cut plans.

Here are five important questions answered about this year's Jackson Hole Symposium, scheduled for Thursday and Friday.

1. What Is Jackson Hole?

The Jackson Hole Symposium is a prominent late-summer economic conference hosted by the Federal Reserve Bank of Kansas City.

The event attracts central bankers, policymakers, academics and economists from around the world and takes place in Jackson Hole, Wyoming.

2. Why Should Investors Focus On Jackson Hole?
Generally, the Jackson Hole Symposium holds particular importance for two key reasons: it occurs during the longest gap between Federal Open Market Committee (FOMC) meetings, offering potential clues on future monetary policy. It also takes place in August, when market activity is typically quieter due to summer holidays and a scarcity of other significant events.

Regarding the 2024 event, while a rate cut at the Sept. 18 FOMC meeting is considered as a done deal by markets, investors are keenly focused on how quickly the Fed will proceed with additional cuts and what the economic outlook will be, with a special focus on inflation and the jobs market.

3. How Will Jackson Hole Be Covered?
Powell's speech at 10 a.m. ET Friday will be live-streamed, but the rest of the symposium's speeches will not be televised.

Although there isn't live coverage of the other sessions, major business networks typically feature a series of sideline interviews with key attendees, such as Fed officials, who could provide near-term views on monetary policy.

4. What Do Wall Street Analysts Expect From Jackson Hole This Year?
“The easiest thing for Chair Powell would be to repeat his message from July. An evolution of the July FOMC language would suggest the committee is ‘very close’ or ‘close’ to the point where easing is likely to occur,” noted Bank of America economist Stephen Juneau.

Ed Yardeni, president of Yardeni Research, stated, “He is likely to support market expectations that the Fed will cut the federal funds rate by 25bps in September. But he is also likely to push back on expectations of cuts in November and December. He will repeat that the Fed’s decisions are data dependent.”

Goldman Sachs analysts “expect to hear more comments like those from Goolsbee earlier in August that the Fed’s job is not to react to a single data point.”

However, they also expect the Fed to reassure markets that it stands ready to act swiftly should the economy take a turn for the worse.

Greg Marcus, managing director, UBS Private Wealth Management, expects Jerome Powell “to hint strongly at rate cuts and try to calm the market. He'll make it clear that the Fed will be data dependent and won't commit to any one position but will continue to emphasize the importance of not forgetting that the Fed has a dual mandate.”

5. How Has the Stock Market Performed Historically During Jackson Hole?
Historically, the Jackson Hole Symposium has had a muted impact on the S&P 500's performance.

A Benzinga analysis of the past 10 events shows that the S&P 500 has generally remained flat during the symposium days (Thursday and Friday), with an average decline of 0.4% and a median return of 0%.

When extending the analysis to the entire week, the index shows a slightly better performance, with an average gain of 0.4% and a median return of 0.8%.

Over the past 10 events, the S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust SPY, recorded positive returns in six instances during the symposium days and in seven instances over the entire week.

Notable market reactions to the Jackson Hole events included 2022, 2019 and 2015.

In 2022, Powell’s hawkish remarks at Jackson Hole triggered a 3.4% drop in the S&P 500 over two days, with the index down 4% for the week due to fears of prolonged high interest rates.

In 2019, uncertainty from Powell’s speech amid the U.S.-China trade war led to a 2.9% decline during the symposium days and a 1.4% loss for the week.

In contrast, 2015 saw the S&P 500 rise 2.43% during the symposium and 0.8% for the week, as markets were reassured by the Fed.

@ Newshounds News™

Source:  BENZINGA

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Latam ecommerce giant Mercado Libre launches MELI dollar stablecoin in Brazil

Mercado Libre, the Latin American ecommerce giant, has launched the MELI dollar stablecoin in Brazil via its digital bank, Mercado Pago. The parent company is the Latin American equivalent of Amazon.com and has the highest market capitalization of any company in the region.

It’s a big deal because the digital bank has 52 million monthly active users across the entire region. While the company doesn’t break out the users by country, its financial report for Q2 2024 said the digital bank users in Brazil had grown 46% year on year.

Users can access the stablecoin via the Mercado Pago app, which also supports cryptocurrencies. The company is currently waving stablecoin transaction fees, whereas other crypto attracts fees of 1.5%. It partnered with crypto firm Ripio, which is providing market making.

Ripio is also a distributor of the Lift stablecoin, a yield bearing dollar token targeted at Argentinians. Paxos issued it out of the Abu Dhabi Global Market (ADGM).

Meanwhile, the MELI stablecoin is issued by Meli Uruguay. Mercado Libre’s headquarters were originally in Argentina but moved to Uruguay, and its holding company is registered in Delaware.

The company has been interested in stablecoins for some time as it was a member of the Facebook-founded Diem stablecoin initiative.

In 2022 Mercado Libre launched the MercadoCoin as part of a loyalty program that started in Brazil.

@ Newshounds News™

Source: Ledger Insights

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Economist’s “News and Views” Thursday 8-22-2024

BRICS Just Stopped Using The Dollar!

Tech Beat:  8-22-2024

In this video, we look at a seismic upheaval in world economics—the BRICS countries have taken a historic step by abandoning the usage of the US dollar in their interactions.

The BRICS group, which includes Brazil, Russia, India, China, and South Africa, has long been regarded as a powerful counterweight to Western economic hegemony.

Now, with this brave step, they are ushering in a new era of international trade and finance.

Join us as we investigate the reasoning behind this decision and its ramifications for the global economy. We'll look at how this move may affect the supremacy of the US dollar, which has been the world's major reserve currency for decades.

 From the possible growth of alternative currencies to the problems and opportunities confronting the BRICS nations, we'll examine every aspect of this game-changing development.

 We'll also investigate how this decision may affect other countries and global economies, including the impact on commodity pricing, investment flows, and geopolitical alignments.

 Is this the end of the dollar's dominance, or merely a transient adjustment in global finance?

https://www.youtube.com/watch?v=YwsD8qQnduE

Gold as Currency: 20 States Championing Economic Justice and Stability

The Resilient Compass:  8-22-2024

Join Andy Schectman, founder & CEO of ‪@MilesFranklinCo, and Jason Cozens, founder & CEO of ‪@Glint with special guest Mike Carter, as they discuss:

- Impact of national debt and inflation

 - Cantillon effect and gold-backed money

 - States' rights for gold legal tender

- 'Three T's' of gold currency

- BRICS' challenge to the US dollar

 - Using Glint for gold transactions

https://www.youtube.com/watch?v=WiZSU8aI0ws

China Sell-off 39% of US treasury: What's going on?

Fastepo:  8-22-2024

The U.S. government continues to view Treasury securities as reliable and secure investments, especially during times of economic uncertainty.

However, concerns are growing over the nation's expanding debt, which reached about $32.6 trillion by August 2024. Critics warn that this rising debt could pose long-term risks to the economy, potentially leading to inflation and higher borrowing costs.

Another key issue of the US economy is the U.S.'s dependence on foreign investment to help fund its debt. As of August 2024, China remains the second largest foreign holder of U.S. debt. However China has significantly dropped its holding to approximately $770 billion, a 39% decline compared to less than a decade ago.

 This shift is tied to broader geopolitical and economic changes, raising concerns about the stability of foreign funding and its potential effects on U.S. economic policy.

This video explores the impact of China's decisions on the U.S. economy, analyzing both historical and current perspectives. It also examines how the outcome of the U.S. election could potentially influence China's approach to its U.S. Treasury holdings.

https://www.youtube.com/watch?v=jo4-mbQrJn8

Thursday Evening News With MarkZ and Zester 8-22-2024

Thursday Evening News With MarkZ and Zester

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 Mark Zester Mods and Patriot Family

Member: Friday Eve! Wishing good vibes for all

Member: Mark- Do you still think this could be our month?

MZ: I do –I very much think this could be it. But it’s very strange how we are getting news in burst…a lot of activity then quiet. I assume that is because they have done an exceptional job clamping down on leaks.

Member: Only one week left of August…..Git er; done.

MZ: Today things again were painfully quiet. I don’t know what they are waiting for at this point. I have some bond people who still expect payment this week. There is only 2 days left of this week.

Member: Quiet is the calm before the storm:)

Member: Mark- how many people do you guess –have foreign currency?

MZ: A sizable amount- enough to create millionaires…..I guess would be about 100 thousand to 250,000….Even a small amount will be life changing for most of us.

Member: How about enough to create billionaires?

MZ: I was told it will create mostly millionaires…with a few billionaires.

Member: What happened to Iraqs ascension to the WTO on Aug 18th?

MZ: My Iraqi source say they are done…they are complete….and waiting for an announcement to tie it with the HCL. They tell me they are done and prepared and fulfilled all the requirements.. and told this will be announced soon…..when is soon?  I know its frustrating

Member: Soon is a 4 letter word.

​​Member: Good evening MarkZ! Just wanted to share with you a bank story: WF has been sending me money for "accounting errors" when I had a mtg w/them. $100 here, $200 there, then I get $1200. Hope 4 more!

Member: Letter from my bank that said they might change, amend or convert my account to another type effective Sept 23rd. Schedule of Fees…Foreign currency exchange $35

Member: One of our local news stations actually covered the black farmers getting paid by the USDA earlier this week!!

MZ: I am getting so many reports from you guys on this one….Payments are being made and I think it is just huge. I was told from day one this would be the first claim paid. I am excited to see it.. I do know real people with money in their pockets from farm claims payments.

Member:  MARKZ = MONDAY is a "Summer Bank Holiday"! When did That Start" ? Apparently Monday the 26th!

​​Member: Any idea what is going on with Nesara?

Member: Is anything going on with Nesara?   Besides waiting…..I want to believe in it.

Member: I also hope medbeds are real…..wish we knew for sure.

Member: Next weekend would be Labor Day weekend

Member: Thanks MarkZ and Zester for all the intel you share with us!

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:    https://www.youtube.com/watch?v=YvZVtiJMV64