Weekend News With MarkZ 8-31-2024

Weekend News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

WE HAVE CBD LUCAS AND MATT JOINING FOR THE FIRST 45 MINS AND MARK GIVES THE NEWS AT10:30. THANKS

Member: Good Morning MarkZ & Fam….. Happy Labor Day Weekend

Member: Mark, Any updates from bonds, groups or redemption centers?

MZ: I did get a update this morning from a redemption center contact. They very much still expect to be called into work this weekend.  Their chain of command said to expect to work before Tuesday.  This is excellent news.

MZ: The Deleting the zeros project is back in major conversations in Iraq. I want to make certain you all know how that process works.

MZ: They raise the purchasing power…they increase the purchasing power of the dinar. Then they issue lower denominations.  They do not just chop off the zeros…..but using the large 3 zero notes would become unwieldy. They have been very clear on this from government documents, Sudani and Shabibi.

Member: They are taking the three zeros from the exchange rate! It goes from !IQD=$.00076 USD to !IQD=.$76USD!

Member: Iraqi Dinar value increase will reflect the lower prices on goods.., homes, autos ..ect

​​Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could loose value 1000% overnight

Member: MARK.. MM post late last night... 13 Iraqi banks now trading international currency

MZ: I think that one is very important. They can now exchange back and forth in different currencies. The mechanism to exchange foreign currencies went live….I think this one is huge.

Member: Al-Alaq held a series of intensive meetings in New York-included discussions with the US Treasury, the Fed, Visa, Mastercard and MoneyGram) as well as banks (Citi Bank, JP Morgan)

Member: TS said 24-48 hours to be on alert

MZ: That’s what my group people, bond people and redemption people were told. I crossing y fingers. But not riding the roller coaster because we have heard this before. But someday it will be right.

Member: Bank Story: went online to pay a bill this morning (US Bank). Bill pay calendar is blacked out, can’t schedule any payments until after Sept. 10.

Member: Credit Union Story: 3rd teller to say it at our local INDY CU said Thurs to me that she has not seen the new gold backed currency but they all know all about it. It just hasn’t happened yet.

Member: Banking has been told its coming. I have heard similar stories from several people. They know they are getting new money soon….they thought they would get it earlier this year.

Member: Question? With the Basel 3 requirements as of Oct 1, how are big banks going to meet the demands of those requirements if we do not revalue the monetary system?

MZ: I wouldn’t worry about it…These requirements are a joke and not near what banks need to do. It’s not enough…The gold standard is the only thing that will fix this one.

​​Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could lose value 1000% overnight

MZ: I will have a morning podcast Monday…but no evening one so the mods can relax

​​Member: Mark looking forward to a golden weekend - just putting it out there universe hint hint wink wink

Member: I hope everyone has a safe, amazing holiday weekend!

Member: Thank you, Mark! Thank you, Mods! Have a great weekend, Everyone!

Mod: MARK PLANS ON A MONDAY MORNING PODCAST FOR LABOR DAY. NO EVENING! PLEASE DO NOT EMAIL MARK OVER THE WEEKEND

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=_lCXf3nFlXw

Iraq Economic News and Points To Ponder Saturday AM 8-31-24

"Two Conditions To Achieve It" .. Al-Sudani's Advisor Rules Out Removing 3 Zeros From The Currency

Iraqi currency  Money and business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, ruled out the government removing three zeros from the Iraqi currency at present, noting that achieving this requires two basic conditions.

Saleh said in a statement reported by the Rudaw media network, and seen by Al-Eqtisad News, that he rules out the possibility of the government removing zeros at present, indicating that “removing three zeros from the currency has nothing to do with the value of the currency, but rather with improving cash payment systems.”

He explained that "the three zeros added price and monetary inflation to the currency, starting with the Iran-Iraq war and passing through the time of the economic blockade (the nineties of the last century), and the conflicts generated inflation in the value of the currency."

He pointed out that "when prices rise, we need larger denominations of money to maintain the equivalence between price and money. For example, due to price inflation, 25 Iraqi dinars have become 25,000 dinars."

Saleh pointed out the importance of "reducing the calculations that have reached trillions in recent years, and this has become a tiring matter," adding that "the process of raising three zeros does not only mean the value of the currency, but also the calculations and statistics, and in order for the method of managing it to be easy."

The Prime Minister's financial advisor also said that "the process of issuing large denominations reduces the currency in terms of quantities, and is a process of reforming the cash payments system, especially since this modern and advanced time requires smaller numbers."

He believed that removing three zeros from the currency, globally, requires two conditions: "political stability and economic stability. When these two factors are available, countries resort to removing zeros from their currency," adding that "the value is fixed and not affected. Rather, it is a relative change."

He stated that the project to remove three zeros “we worked on between 2011 and 2012, but there was a delay in the matter, because it requires a change in the accounts of the Republic of Iraq and statistics, and requires cooperation between monetary policy and all government policies.”

It is noteworthy that a number of economists and experts recently called for deleting three zeros from the Iraqi currency, considering that this would reduce monetary inflation in Iraq and strengthen the dinar currency.   08/29/2024 - https://economy-news.net/content.php?id=46931

Why Doesn't Iraq Rely On The World Bank To Overcome The "Dollar Crisis"? An Expert Answers
 
Economy | Today, 10:01 |Baghdad Today – Baghdad  Today, Friday (August 30, 2024), the expert in economic and financial affairs, Nabil Jabbar Al-Tamimi, commented on the possibility of the World Bank helping Iraq in developing its economic and financial situation and resolving the remittance crisis. 

Al-Tamimi said in an interview with "Baghdad Today",  "The World Bank is an international financial and banking institution affiliated with the United Nations, but

it is subject to special management related to the influence of some countries according to their banking contribution, as
 
its tasks are limited to
 
     investment financing for countries,
     providing international loans, and
     project management
 
in accordance with its international banking conditions."".  He stated that
 
"Iraq is currently working extensively with one of the institutions of the World Bank and the International Finance Corporation (IFC) to develop a group of sectors, including the transportation and airports sector," explaining that
 
"the World Bank as an important international and financial institution and an international institution at the same time works with Iraq and with other countries in the fields of
 
     Lending and the field of providing
     technical consultations, as well as providing Iraq with
     economic data and
     analyzes within the limits of its work.”  The expert in economic and financial affairs stressed that
 
"it is not within the scope of the World Bank to intervene in the issues facing Iraq, especially with regard to the remittance crisis, local banking failures, or weak procedures to protect funds from suspicions of money laundering and terrorist financing."
 
According to specialists, Iraq has more than (70) banks, approximately five of which are government and the remaining number are private banks,
 
but Iraq relies heavily on financial transfers, especially with regard to the dollar, to various foreign banks, due to the failure of private Iraqi banks to arrange their legal and technical conditions. In the case of financial correspondence.
 
Earlier, a member of the Parliamentary Integrity Committee, Alia Nassif, revealed that the Iraqi Jordanian National Bank obtained $3.6 billion from the currency auction during the first three months of the current year, which enabled it to obtain a profit of about 40 billion dinars  https://baghdadtoday.news/256804-لماذا-لا-يعتمد-العراق-على-البنك-الدولي-لتجاوز-ازمة-الدولار؟.-مختص-يجيب.html  

The Central Bank Announces The Results Of The New York Meeting On The Dollar Crisis
 
Economy    2024-08-30 | Source:   Alsumaria News  3,939 views  Today, Friday, the Central Bank of Iraq announced the results of the visit of the delegation headed by Governor Ali Al-Alaq to the United States of America.  The Central Bank said in a statement received by Al-Sumaria News,
 
“The delegation held a series of intensive meetings in New York City, which included the US Treasury and the Federal Reserve Bank, in addition to meetings with a group of companies and banks.”  He added:
 
"Participants in the meetings praised the Central Bank's control measures on foreign transfers and cash sales of the US dollar currency."  The Central Bank indicated:
 
“A meeting will take place between officials of the Central Bank of Iraq and its international partners at the end of this year regarding the major shift in ending the work of the electronic platform for external transfers and replacing it with direct banking relationships.”  He concluded:
 
"The meetings in New York City also discussed mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the requirements necessary to open their accounts with international correspondent banks."  https://www.alsumaria.tv/news/economy/498529/البنك-المركزي-يعلن-نتائج-اجتماع-نيويورك-حول-ازمة-الدولار   

Disclosure Of The Main Currency Used In Iran’s Trade With Iraq 

2024-08-27 | 06:16  9,920 views  Alsumaria News-Economy  Member of the Board of Directors of the Joint Iranian-Iraqi Chamber of Commerce, Shaaban Foroutan, revealed today, Tuesday, that the 
bulk of trade between Iraq and Iran at the level of merchants and exporters is carried out through the Iranian riyal.  

Forutan said in statements to Iranian media,  “Most Iranian exporters now work with the riyal in trade with Iraq, and financial transactions between the two countries will continue without using the Iranian riyal, that is, in the dollar as well.
 
This does not mean the complete elimination of the dollar, except that a large portion of merchants carry out their transactions.” Without the dollar.  

He stated that  “the obligation to trade in dollars does not include all product groups, except that the 
xchange of riyals for dollars cannot be implemented due to the sanctions imposed on banks, and
 
riyal traders earn from selling goods in the Iraqi market through their contacts with the stock exchanges of Iraq and Iran or a third country such as the United Arab Emirates.”

"They do not have the possibility of that direct settlement." 

He pointed out that  "the supply of Iranian goods faced a problem in the Iraqi market represented by the multiple rise in the prices of goods in Iran within a year, while prices are expected to rise only once a year."   
 
https://www.alsumaria.tv/news/economy/498212/الكشف-عن-العملة-الرئيسية-المستخدمة-في-تجارة-ايران-مع-العراق   

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

News, Rumors and Opinions Saturday AM 8-31-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 31 Aug. 2024

Compiled Sat. 31 Aug. 2024 12:01 am EST by Judy Byington

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

Judy Note: Phase One of their Mission was now complete.

Right now major Global Media Networks were being prepped for what was called the Great Comeback, or Disclosure Day — a synchronized global broadcast that will explain GESARA’s principles, the details of the Greatest Transfer of Wealth in Human History and the new global economic system. This broadcast will utilize the EBS and is expected to reach billions of people, providing them with the information needed to understand and embrace upcoming changes.  

People across the Globe can look forward to 10 days of communication darkness where there will be shutdowns, but only in certain areas. The Emergency Broadcast System (EBS) will send out alerts. Banks will be closed, ATMs will not work, nor will debit/credit cards. We will need to have a minimum of 3 weeks of food, water. The Military will supply those resources if you do not have them available. There will be 24/7 education for the people airing 8 hours/reruns 3x/day.

Operation Castle Rock also implements the Quantum Financial System that releases NESARA/GESARA funds that in turn releases the D********e C***l’s stolen monies, giving them back to The People through compensation for exploitation of Birth Certificates, excusing all credit card and mortgage debt and includes a Global Currency Reset of 209 countries currencies to gold/asset backed that trade at a 1:1 with each other and returns the World to 1950s prices.

Sun. 1 Sept. 2024 The Great Comeback Disclosure Day? Major Global Media networks were being prepped for The Disclosure Day — a synchronized global broadcast that will explain GESARA’s principles, the details of the wealth transfer, and the new global economic system. This broadcast will utilize the EBS and is expected to reach billions of people, providing them with the information needed to understand and embrace the changes. MASSIVE! Trump’s Secret Meetings with Global Leaders to Launch GESARA and the Biggest Wealth Transfer in History! – Gazetteller

Fri. 30 Aug. 2024 Wolverine: “The EBS Emergency Broadcast System will begin today Fri. 30 Aug. 2024 in American Samoa Time. This will be Worldwide.”

Your Quantum Financial System (QFS) Account is already set up (on the very secure Starlink Satellite System), holding all your personal data and even your DNA. There’s nothing left to configure. Your account already contains funds, money tied to your birth certificate, past loans, mortgages, and more. This is YOUR money, earned over your lifetime, securely stored in your QFS account. … (JFK Jr.) on Telegram Fri. 30 Aug. 2024

Fri. 30 Aug. 2024 Situation Update: Judy Byington: Un-Redacted: With a Global Financial Collapse Imminent. The Greatest Transfer of Wealth in History Is Underway! Counting Down! Special Intel Report 8/30/24 (Video) | Alternative | Before It’s News (beforeitsnews.com)

~~~~~~~~~~~~

Global Currency Reset:

Judy Note: We have been told that, rather than going to a bank to exchange our foreign currencies, we would get a higher rate of exchange by calling an 800 number to obtain an appointment at an authorized Redemption Center. Instructions on how to obtain that 800 number appointment will be sent out through emails from Wells Fargo to those who have bought their currencies from a valid dealer, plus the instructions will be posted on various websites and this Update. US citizens who are exchanging Dinar can ask for the higher Dinar Contract Rate at a Redemption Center. The Zim Bonds can only be redeemed at a Redemption Center.

Fri. 30 Aug. 2024 TNT Tony: “As of today, Iraqi banks can do international transfers with the dinar. The lower denomination dinars are supposed to be available in all regions of the country by tonight. All the 3-letter agencies and the banks say that there is nothing left to do except wait. Tony was told he should be getting the 800 number in the next few hours. We should have appointments to exchange this weekend. The banks have a set time to start the exchanges. It’s supposed to be between now and Sunday, according to the 3-letter agencies. The banks were told that we should start by Sunday. So after 5 pm Eastern today to Sunday is the window. Tony thinks it’ll start on Sunday. The basic rate for the dinar at the exchange centers is supposed to be $7-8, and the basic rate for the dong is $2-3. … Tony says all of his sources are still saying the same thing…it’s all DONE. He said Alaq came to the U.S. on Monday. SO this just came out and now 13 Iraq banks are now approved to interact in International banking…. to use any currency they want to include theirs….what does that mean… RV. He said he was told right before the call that our 800 numbers are coming out later today (after 5PM). He heard the window is going to be WIDE OPEN after 5PM to Sunday.  The banks told him they were told they would start BY SUNDAY. He is getting texts as the call continues and his bankers are saying they plan on working all weekend through the holiday.”

Thurs. 29 Aug. 2024 Bruce: Bank screen rates are showing but the RC rates are grayed out. He heard right before the start of the call that the QFS is now fully implemented worldwide based on asset / gold backed currencies. Timing – When the rates come up for Forex on Sunday night the world will have them live and available. He has heard we should get notifications on Monday.

Fri. 30 Aug. 2024 Wolverine: “I’ve been told that all platforms have been shut down. They are all now getting ready to release payment. Once the Precatorias start all Yellow Dragons Bonds from my platform will cease operations immediately.

Since Monday 09/02/2024 is a holiday in the USA (Labor Day), there is no way to have banking hours on the Reno Platform (Nevada/USA), so it was defined in the meeting within the BACEN on the date of 08/29/2024 that the global START will take place on 09/03/2024 (next Tuesday), when then Brazil 2, the USA and the other countries that will make up this project that covers 47 countries (and their respective Central Banks), after several exhaustive tests and adjustments, will finally be able to synchronize and proceed simultaneously with the release and settlement of the financial operations of which they are part.

Read full post here:  https://dinarchronicles.com/2024/08/31/restored-republic-via-a-gcr-update-as-of-august-31-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Alaq in the United States of America means very little for us in the sense   of a rate change.  It is more for the banks to try to get their situation straightened out and no more sanctions.  FRANK:  I agree to a certain point but I also disagree to another point.  IMO this meeting in New York may not release a new exchange rate but it is definitely part of the monetary reform.   This meeting will accomplish steps that are necessary to release the new exchange rate.  Your banks have to be stable and secure and free from the corruption of parliament and they must be ready for the new exchange rate.  That's what they're doing.

Militia Man  Article:  "Al-Mashhadani announces the approval of the majority of deputies to his nomination for the post of Speaker of Parliament"  Now it is waiting for a vote. Let’s see how long that takes...I do believe the optics of having all three presidents in place when they fully open the doors to the world with their real effective exchange rate, will or would be well accepted globally.  Investors would likely see it as security and stability.

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

BRICS Just Ditched US Imports Collapsing The US Economy!

Tech Beat:  8-30-2024

In this video, we look at the BRICS nations' recent and revolutionary decision to dramatically cut their reliance on US imports. This dramatic action marks a watershed moment in the global economic landscape, potentially marking the end of US economic dominance and ushering in a period of economic uncertainty.

We investigate the underlying forces behind this strategic decision, focusing on geopolitical tensions and economic reasons that have driven BRICS members to seek alternatives to US commodities and services.

The repercussions for the US economy might be far-reaching, affecting jobs, the dollar's worth, and the global trade system as a whole. Join us as we dissect the essential components of this economic change, examine expert perspectives, and speculate on what the future may hold for both the BRICS nations and the United States.

Could this be the beginning of a new economic order? How will this judgment affect US consumers and businesses? In this fascinating debate, we address all of these concerns and more.

https://www.youtube.com/watch?v=n0R860c5lGs

Iraq Dinar-IMF Article VIII - Compliance-International Standards-Removing Zeros Currency

Iraq Dinar-IMF Article VIII - Compliance-International Standards-Removing Zeros Currency

MilitiaMan and Crew:  8-30-2024

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

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

https://www.youtube.com/watch?v=otxzD9SGqzw

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-31-24

Good Morning Dinar Recaps,

BRIDGE RAISES $58M FOR STABLECOIN API TO ENABLE REAL WORLD B2B PAYMENTS

Yesterday stablecoin startup Bridge announced it has raised a cumulative $58 million in venture funding from Sequoia, Ribbit, Index, Haun Ventures and others.

It’s initially offering two sets of APIs, one for issuing stablecoins and the other for orchestrating payments. Bridge supports a variety of stablecoin use cases, but the company’s Head of Revenue seems particularly focused on global B2B payments.

“While local bank interests and network rules worked great in the past, with today’s global work and borderless fund flows we need a truly global framework that can ride on top of financial systems,” Marco Mahrus, Bridge’s Head of Revenue told Primary Venture Partners.

The company outlined its ambitions in a job advertisement stating that it aims to “enable global companies to move and support millions of potential customers.”

To date, stablecoins have primarily been used for a narrow range of purposes – mainly for crypto transactions, by those that live in countries with volatile fiat currencies who wish to hold dollars, and sometimes for (mainly) consumer cross border payments.

Beyond emerging economies, usage outside of the crypto sector hasn’t been huge, despite the promise of low cost payments.

SpaceX and stablecoin real world use cases

Yesterday was Bridge’s formal public launch, but it started operations around 18 months ago, so it already has clients. One of them is SpaceX that uses stablecoins for global treasury management.

Bridge enables on and off-ramping in numerous currencies around the world, which can be converted to stablecoins for cross border payments.

It also supports payouts from aid organizations, creator platforms, and claims to work with the US government.

In addition to supporting FX conversions between fiat currencies and dollar stablecoins, Bridge enables conversions between different types of stablecoins. Last month it engineered a solution for Coinbase allowing the Tether stablecoin on the Tron blockchain to be converted to the USDC stablecoin on Base, Coinbase’s layer 2 blockchain.

Another client is crypto exchange, Bitso, that is providing Mexican businesses with a cross border MXN-USD payment rail using Bridge’s APIs. It’s also working with apps that target African and Latin American consumers that want to save and spend in US dollars.

The company’s team is pretty experienced. Both co-founders had stints at Coinbase and Square. Head of Revenue Marco Mahrus held similar roles at Uber and corporate card startup BREX. So far the company has money transmitter licenses in 22 U.S. states. 

In Europe it has a Polish subsidiary which is in the Virtual Currency Activities Register. This is not a MiCA licence, as we don’t believe Poland has yet issued any crypto asset service provider (CASP) registrations.

Meanwhile, Mahrus spoke about the ability of stablecoins to support transactions that arrive in seconds and at a small cost.

“When people get access to and are used to frameworks for economic exchange and payments that are available 24/7, no one will go back to a bank branch and wait for SWIFT or wire transactions during bank hours,” he said.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

JUST IN: 🇧🇷 Brazil officially bans X (Twitter).

JUST IN: 🇧🇷 Brazil says anyone caught using a VPN to access X (Twitter) will be fined up to $8,874 per day.

@ Newshounds News™

Source:  @WatcherGuru

 ~~~~~~~~~

XRP NEW UPDATE: BLACKROCK HAVE OFFICIALLY BOUGHT IT ALL! XRP ANOTHER WIN
 

@ Newshounds News™

Source:  Crypto Connex Youtube

 ~~~~~~~~~

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Friday Evening News With MarkZ 8-30-2024

Friday Evening News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Labor Day Weekend everyone.

Member: Good evening, Mark, Mods and Patriots! Whats happening Mark???

MZ: Redemption Center folks think they will be working this weekend- By Monday. There are lots of great rumors ripping…but we need the RV to rip.

Member: Tony said everything is done and we should have the 800 # by Sunday

MZ: Well my redemption folks do think they will have to work. They are on call…but they have been told to expect to work at some point over this long weekend. Since its Labor Day Weekend….This is unusual.

Member: Tonight is Frank26 last public video on the Iraqi dinar……That will only be done from now on- for his private paid site.

Member: Nader more or less said that they've heard about the low denomination notes but haven't seen them.

MZ: That’s where I am at. We hear a lot about them and know they are showing Iraqis what they look like….but none in circulation yet.

Member: Please…..Let there be RV this weekend

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT!

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.

SEE YOU ALL TOMORROW AT 9:45 AM EST WITH CBD MATT AND LUCAS!

Youtube:    https://www.youtube.com/watch?v=0P5lR4Oo1-o

FRANK26…..8-30-24…..THANK YOU

KTFA

Friday Night Conference Call

FRANK26…..8-30-24…..THANK YOU

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=bW6OUfQoo9s

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, August 29 and you're listening to the big call – welcome everybody all over the globe, everywhere that you can hear my voice in big call universe, and we should be averaging well over 17 and a half million listeners internationally, not including our US and maybe Canadian citizens, but whatever our listeners here, let's do this. I'm going to pray the call in

Okay, let's get into intel  a little bit. All right. First, you know how we used to have, like Tuesday night, we didn't have any rates on the bank screens. And what's interesting is now we have grayscale  which means you can't read the rates on redemption center screens, which we could see last Tuesday, but tonight, we can only see bank screen rates, which are not the highest rates, by the way, now all that's going to change over the weekend, so don't worry about it.

But I'm just saying right now that'll all change. But for right now, redemption center screens are gray scale. You can't read them.

 The bank rates not on line last Tuesday are on today. So what that just tells us, remember how we were trying to get the quantum financial system fully implemented throughout  the globe. Guess what?

We heard a thought that the globe, the global financial system based on asset backed gold backed currencies, is fully implemented and ready to go – okay - So what's the status.

Okay, so that's a great thing. It's all good. And that happened, very much. Probably pretty close, 8 clock, Eastern tonight. As I got the call is, like, five minutes after eight, and Eastern time. I said  well . That's, that's great. that's great, because that just happened. So that's great news for us.

That's something we were  waiting too happen – and not only the redemption center  which we had last Tuesday  - fully integrated - But now all the banks, tier 1234, all over the globe, all banks, everything is totally, totally integrated. And that's great news. We've got that

Now - a point about rates. Somebody is saying, Oh, you you can't the rates that you're going to get are going to be the same at redemption centers as they are in banks. No, they're not. They're not going to be the same at all.

 In fact, just the screen rate at banks on the dinar three times higher on redemption center screens, 3X higher   on the dong -. We've got a rate on the bank screen, going to be twice as high in the redemption center.

Yes, I know what those rates are, but I'm not going to be able to bring them up tonight. Trust me when I tell you, you want to call the toll free number when it's available, you set up your exchanges and redemption of zim at the redemption centers.

And the next thing I've got about that is the toll free number - when you call it and you're getting a call center,  one of 3 call centers - I think they're going to do it east coast. I mean Eastern Time, central time, Mountain Time, and Pacific.

And I don't know what they're going to do as far as Hawaii and  Alaska goes as far as the timing on that, but by calling  the 800 number, you'll be able to find out, and you'll get, I believe it's going to be An AI generated response to you

So my point in saying this is, if we call on a day that happens to be, for example, Labor Day here in the United States, you might just get an AI generated system that allows you to put in your numbers, put your zip code, because they have all the zip codes in the in the US, and probably I can't speak to Canada, but I believe Canada can use that number and see what happens

Canada?  We know that for Canada, while I'm on that subject is HSBC is the lead bank in Canada with RBC to have merged  with Scotia Bank. I'm gonna say  a yr ago  might be less than that. Scotiabank the secondary bank  along with RBC merger  in the Scotia and I think those that's a great backup bank, if you will  In addition to HSBC,

HSBC is the biggest bank that's being used internationally. But we also have Banco Santander, Santander Bank for Latin America  - they are a go to bank as well. And I'm thinking that's it should be  I’m not positive. I think that's going to be Mexico, Central America, South America, all on Santander Bank.

Truist bank is also a  major Tier 1 bank now because they merged with SunTrust Bank, and truist is also  player as well. But if you're in the continental US, you don't have to worry about it. You just dial the number, put in whatever your information is going to be, and you will get directed to a redemption center close to your zip code - It might be 30 or 40 minutes away.

 It could be five minutes away. You shouldn't have anybody Way Out West, where the driving distances are longer. You shouldn't have to drive more than let's call it 60 - 70 miles, maybe 80, maybe in Montana or Wyoming, or in some other states, you know, where you got some really long distances, but you got realized in Texas, which is a whole other country, or could be, you know, you could drive an hour and a half and not be at the end of your ranch -  I think it's crazy - It's true with some of those places. All right, so that's what's going to happen.

Now let's, let's nail this timing down a little bit. All right, we've got information pointing to us getting notified. Well, let's go back  -- on Sunday night, after the Forex on that five o'clock Eastern the Forex opens back up for trading.

And so we're going to see all new rates on all currencies Sunday night. Now we're not going to see them at the people going into the redemption centers would see them, and if anybody's happy to go into their  bank – these are workers, not us on Sunday, they might see new rates.

They should see all brand new rates Sunday night period.  Now – we would see them, probably Tuesday since Monday is a holiday. But my belief is - we don't have this absolute,  but my belief is we can get notified on Monday which is is labor day here in the United States  - and then set our appointments and start on Tuesday.

Tuesday's the third of September. So be prepared to look for that, that scheduling, that could be what we're looking at there. All right, let's go back and see what else we want to bring out.

Jeannie always prompts me on a few things like RNR and debt relief and all that. Okay, here's the latest information from this evening on debt relief on this is mortgages being zeroed out - and Credit card debt eliminated.

Those two are going to crank up, starting the fourth, fifth and sixth of September – and if my calendar is right,  that is Wednesday -Thursday and Friday of next week, that's when that stuff's coming out, and it takes all the way to the 15th of September to complete. So if you don't get to your credit card heavily wiped out, or you don't need anything from the bank about your mortgage - you know, at least let it happen between the fourth, fifth, sixth and the 15th.

 It will take a while to get all of that done. That's definitely debt jubilee, and maybe you'll be fortunate enough to get an announcement about complete debt lease. All right, I'll be looking for that.

What about R&R?  I call it restitution reclamation allowance. That is supposed to kick in in the first week of September, which is next week, sometime in the first week. Now it may again, not be there for all of us, but it should be there within that first week, which starts for us a banking week the main week - It starts, of course, on Tuesday, which is the third, so third, fourth, fifth, sixth, seventh, somewhere in that range, we should get R and R, Restitution, Reclamation allowance.

Now if you're exchanging, your R&R is already in, in fact - everybody's already in their quantum accounts, quantum accounts. So if you're exchanging, you need to get an appointment for your exchanges and redemption of Zim.

And then you should  have - when you're getting into your quantum account  card, you should be able to see that balance that is already in your quantum account. And then what you'll do is you'll go through your exchange, you'll get your zim done, you'll get your currencies done, and you'll be you'll be loaded up with an amount  that will go into your quantum account, on top of your R&R, or in addition to your R&R - Then you can move.

 So what it amounts to is you're going to be able to see that total in your account and then move whatever funds you think you're going to need for the first 30 / 60, or 90 days. And keep changing that a little bit. Sometimes it's 30 days, sometimes it's 90 days. We'll see what it is. Don't worry about it.

You'll be able to move plenty of money that you won't be able to spend in the first 60 to 90 days. But you will be able to move some of that money

 And you might, maybe, maybe not, a billion dollars into  what I call your master account, your primary account at Wells. And then if you've got LLC, your projects, or you've got trust, set up your projects. What ever you.ve got set up  You can set up individual bank accounts for those LLC  - that's what I'm going to do for LLCs, and I'm going to set up bank accounts for each one of those. They're all under my master trust, okay, and my primary account would be under my master trust from that.

So let's see what else.

Yeah, all right what’s going on right now is there are global arrests that are taking place that we're pretty far along on, but we need to get further along as a percentage -  so that we can go forward - And I can tell you, we're at the point right now where we don't have that far to go to get to the number that they want to say before they release everything to us

I think we could easily make it by the weekend, which could be Saturday, could be Sunday, could be Monday. But here's the beauty of it, the forex you know, closes down tomorrow at five o'clock for 48 hours  - it comes back up Sunday evening at five. And then, you know, we'll have all brand new rates coming up then after it's been on forex. They'll  be brand new rates.

We have  15 rates on trade right now, because, the Iraq dinar it's not on that right now. But, it would be up ou know, my guess  we have Sunday, it'll be coming in Sunday, and it'll probably be traded, you know, internationally, as an international currency on Sunday at five o'clock our time. Now trade earlier in other parts of the world, but for us, our traders here will start on starting at five o'clock Sunday evening. And it would be the benefactors of that at the redemption center when we set our appointments

So I think Monday is in play for receiving our toll free numbers, and, you know, by email and calling the AI generated call center. And maybe we'll get to a human being. Let's see. I think money we will probably raise that one way that could be the case for certain people that might have dong or the dinar

– The dinar rate is set for them to offer that to us at the contract, which is terrific, and as long where it'll be twice what the banks rate is, and I know what it is, and it's good, it's expected to be very good as well anymore, yeah, it'll be very good, which will so I can tell you that the zim is on par.

There's no restriction on two nodes of this, and the rest of it is that that's all BS, you know, that's just the Cabal putting out stuff, trying to get you to not buy more or whatever. I can see that.

But point is, you know, don't go to banks. Just use the redemption center. By the way, if you go to redemption center, as you're getting ready to go, they're going to give you a -  if you're a zim holder, you will get a free queue. phone

And that's a basically a satellite phone that work from anywhere. And it works off the satellite system works off the we call the Starlink satellite System -  So that'll be good for us and it's going to be something you don't ask questions about you just  get home. And we'll figure it out. We'll figure it out when we get home  - They are not  giving  us a lot of information about it, right?

So you guys have plenty of written notes down to remember, I hope I remember everything when I go in there. Think I will. And you know, it's not supposed to take more than 30 or 40 minutes for  an appointment  -  So just consolidate your information. Make your presentation on your project, or projects very concise.

I mean no  more than five minutes -  you know, they want to hear what you're going to do. They don't have time to detail into a lot of detail about it. Just realize that, you know, it's something to be working on, and it's all going to be good.  There's no reason to worry about it – you’ll be fine

Now, I think that I've covered everything I wanted to cover tonight, covered what Jeannie  said. The only thing I don't want to say Social Security increases will be in September.

I think they will be and that means it should start first week September, if you're if you first Wednesday, but I think we should get it in the month September. We should get NESARA – GESARA yeah it would have been nice to get out is what, Charlie was working on exclusively on that now, we should get our R & R  - debt jubilee - already for some people, we had a call today, someone that my head knows definitely one credit card, two credit cards, it may be happening in some areas  already,

 I think right when this came through, so mortgage zeroed out. Maybe a letter from our lending institution on that. So, look at your snail mail -  I don't know if it's gonna be certified  or registered but  however it comes, if you get one from lenders, probably a good thing not a bad thing  So Im going to say – that’s really what I had to say to everybody tonight,

Is this our last call? It is  if we get the numbers over the weekend, or it's Monday, or whatever.  Yep – I hope so - I know you guys are tired of hearing me, but let's be honest, this intel changes from day to day, and I'm just believing that we finally at the end.

And there's so much good stuff coming out with Iraq with their new rate coming up Sunday, international rate, and we’ve been occupied one floor in the Central Bank of Iraq. And we vacate that on Saturday. We no longer will be in that CBI on Saturday. I believe they're backing up Saturday, moving out. And remember the first business day for Iraq working day is on this Sunday.

So that’s good news too  I just think we're all ready for this.to go don’t you -  I am. I think we all are. Let's start off. -- I want to just say I want everybody to have a good Labor Day on Monday, you grill out Monday – you be careful with that. That's a great thing to do.

Most swimming pools where I grew up closed on Labor Day. That was the last day, I think it was the last day you could swim in the community pool. I don’t know where you live or whether that's still the case.

  College has started in some areas already. Used to love when we went back to high school, we started back. It was actually after Labor Day -  nowadays, kids are starting back in the second and third week of August. What's wrong with that picture? I didn't set the calendar for the schools, but I liked it when we when we got a way to go back to college, and we need to go back to class in high school until after Labor Day .

All right, let's go ahead and pray the call out. Thank you everybody. Thank you Sue, thank you Bob and thank you listeners Big Call universe all around the globe . And we are going to  have a really great start in September. It looks like and I'll be you know you guys we will be in touch with you about projects, about veterans, retreat network and about the pastorial network. We will send out emails

But I want everybody to chill for at least two weeks after this goes maybe through most of September, because you're gonna have stuff to do. I'm gonna have stuff to do, and we'll touch, you know, we'll be in touch. We'll probably get together reading as we're doing some things, I think. But finally, let's rest after this. Have a good weekend, a great Labor Day and in the future. Okay, all right, everybody, thank you so much

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:10:50

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More News, Rumors and Opinions Friday PM 8-30-2024

TNT:

Tishwash:  Iraq called off one million barrel shipment in a bid to match OPEC regulations: Reuters

Iraq plans to lower its oil output to in between 3.85 million and 3.9 million barrels each day in September as part of a strategy to make up for producing over its quota concurred with OPEC and allies, Reuters quoted a source on Thursday.

The plan comes just as Libyan oil production drops due to a. political conflict in between various factions.

The declines will tighten the oil market ahead of a prepared. output boost by OPEC and its allies - called OPEC+ - from. October to begin loosening up some production cuts.

Iraq produced about 4.25 million barrels each day (bpd) in. July, according to the Company of the Petroleum Exporting. Countries, mentioning secondary sources. That is above its quota of. 4 million bpd.

The oil ministry had actually sent a strategy to OPEC to compensate. for the overproduction between this month and September next. year. Iraq's cumulative overproduction between January and July. was 1.4 million bpd, OPEC said recently.

Iraq cancelled a spot cargo of 1 million barrels in August. to reduce its exports throughout the month, the source said.

There were quotes for the freight however it was removed the. market, the source said, adding two more freights of the exact same. size will be deferred from August to September.

Baghdad plans to reduce its output from September onwards by. cutting exports to 3.3 million bpd or lower, from 3.43 million. bpd, in addition to cutting local consumption to 500,000 bpd from. 570,000 bpd and asking the Kurdistan Regional Federal government to cut. its output to 50,000 bpd from 150,000 bpd, the source stated.

OPEC Secretary General Haitham Al Ghais was in Baghdad on. Wednesday and consulted with Iraqi Oil Minister Hayan Abdel-Ghani.

OPEC stated on X that Abdel-Ghani restated Iraq's. dedication to the complete and timely implementation of production. level changes, including payment plan as agreed under. the Statement of Cooperation  link

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Tishwash:  Baghdad wants money from the government and has its eye on “stalled projects”: We will launch new ones - Urgent

 Baghdad Provincial Council confirmed, today, Friday (August 30, 2024), the development of important and strategic plans to develop the capital's service reality during the next phase, indicating that it is awaiting financial allocations to complete the stalled projects .

Council member Nora Al-Jahishi told Baghdad Today, “Despite its short life, the Baghdad Council has worked during the past period to activate the oversight aspect and follow up on the work of service departments in Baghdad, and there is a noticeable development in service work due to continuous and strict oversight and follow-up  .”

Al-Jahishi added, "The Baghdad Council has developed an important and strategic work plan to launch projects and complete others that have been stalled for a long time, but we are waiting for the financial allocations, as they have not been released to us yet by the central government  ."

The Iraqi capital, Baghdad, is witnessing a remarkable urban development on the level of main roads and vertical buildings after the relative security in the country was restored and the country opened up to investments and partnerships with Arab and Western countries .

Last year, the Ministry of Planning revealed a decrease in the number of stalled projects in Iraq, while indicating that there are more than 7,000 projects under construction .

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, told Baghdad Today, "There are more than 7,000 projects in Iraq with different rates of completion, and great efforts are being made to complete them within two years," noting that "the government has raised the slogan of services and interest in service projects such as school projects, hospitals, roads, and sewage networks ."

He added that "the number of stalled projects has decreased to 1,000 projects distributed across various sectors and governorates," noting that "the Prime Minister has directed that these projects be resolved during the coming and upcoming year ."

He added, "We have 73 hospitals that are lagging behind and with different rates of completion that were addressed through the Amiri order 45, and some of the suspended hospitals were completed, and about 90 percent will be completed within two years," indicating that "there are 16 new hospitals that have been included in the 2024 budget ."  

Regarding the schools sector, Al-Hindawi explained that “there is a great deal of work being done to complete this sector, as the project of the thousand Chinese schools has begun, and the construction of a number of schools will be financed within the Iraq Development Fund,” noting that “nearly 40 percent of the delayed or suspended schools have been completed .”  

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, had previously explained to Baghdad Today the reason for the halt of most projects in Iraq, indicating that “the main reason for the halt of these projects is due to Resolution 347 issued in 2015, during the financial crisis, which led to the halt of many projects, and these projects are distributed across various sectors of transportation, communications, buildings, services, industry and agriculture, and they are at different rates of completion .”

 He added, "The priority now within the current government's program is to complete service projects, most notably hospital projects, school projects, sewage projects, and water projects. By the end of next year 2024, more than 90% of these projects will be completed, especially after the approval of the budget law, and with the existence of financial allocations for the investment program   link

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

Militia Man  The Development Road Project is going forward whether you like it or not.  Iraq is going International, they just haven't yet.  They're not on the Forex but are they going to be there?  I think they're going to be there...quite soon.

Mnt Goat   Article:  "GOVERNMENT ADVISOR EXPLAINS THE POSSIBILITY OF USING THE DINAR INSTEAD OF THE DOLLAR IN OIL SALES"  This is a...VERY good article in that it talks about the risks associated with pegging the dinar to oil prices...Instead they plan to repeg to a “basket” of international currencies from the top developed nations. This much less risky and is much more stable. Besides this is the Dr. Shabibi and IMF plan for Iraq.  Article Quote:  "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?"   I luv this...it reinforces again they are NOT going to peg the dinar to the price of oil... Nonetheless this...tells us they know they must do something and do it soon!

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WARNING. "We The People" DEMAND! A RETURN To Constitutional Money.

Greg Mannarino:  8-30-2024

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

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-30-24

Good Afternoon Dinar Recaps,

BITCOIN ADOPTION IN THE US: Billion-Dollar Bank NCR Atleos Partners with LibertyX for BTC Cashouts at ATMs

▪️NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users to convert Bitcoin into cash.

▪️The feature is designed to simplify Bitcoin-to-cash transactions by letting users pre-stage their transactions via an app.

NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users across the United States to convert Bitcoin into cash through select ATMs. This new service aims to simplify the process of withdrawing cash from Bitcoin sales, addressing a significant hurdle in the wider adoption of cryptocurrency.

Simplified Bitcoin-to-Cash Transactions

The LibertyX Bitcoin Cashout feature is a service intended to enable buyers to get cash after selling Bitcoin. To purchase cryptocurrency, users have to choose a LibertyX-affiliated ATM in their region first. The user then enters a Bitcoin address, generates a code, and withdraws U.S. dollars from an ATM. This process removes the need for traditional banking transfers, which can often be slow and cumbersome.

Currently, the feature is available across 30 states, which is only a part of the over 280,000 ATMs managed by Atleos in the United States. The current rollout is limited, but the service could be made available to more people if the trial is successful.

According to Chris Yim, the General Manager of LibertyX, this solves a major problem that hinders Bitcoin uptake because it becomes easier to cash out the digital currency.

This feature is implemented by Atleos’s ReadyCode API, which facilitates the process of making Bitcoin-to-cash transactions at ATMs. However, the service has some disadvantages. For instance, the maximum one can sell in a transaction using the Bitcoin sale access code is $400. However, the users can make several transactions to withdraw higher amounts.

LibertyX, a licensed BitLicense holder in New York, has been active in the cryptocurrency ATM business, providing Bitcoin purchasing options at over 30,000 ATMs across the country.

The implementation of the Bitcoin Cashout feature is viewed as a logical addition to its services since it connects the digital and physical worlds.

US Cryptocurrency Adoption Grows Rapidly

The LibertyX Bitcoin Cashout feature is in line with developments in the US, where the uptake of cryptocurrencies is rising.

Security. org’s 2024 Cryptocurrency Adoption and Sentiment Report revealed that 40% of the adults in America own cryptocurrency, an increase from 30% in 2023. Out of these crypto owners, 63 percent intend to invest in more digital currencies in the next year.

Furthermore, the report reveals that the number of women investors in cryptocurrencies has grown from 18% in 2023 to 29% in the first quarter of 2024. This increase in interest can be attributed to the increasing popularity of cryptocurrencies in the US financial market.

Currently, the United States dominates the market, with 82% of the total number of Bitcoin ATMs installed worldwide. However, there has been a decline in the number of functioning Bitcoin ATMs in the U. S. due to a crackdown on the machines associated with extortion and scams.

The number of Bitcoin ATMs in the United States declined by more than 400 between May and July 2024, bringing the total to 31,273.

@ Newshounds News™

Source:  Crypyo News Flash

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US partners with Nigeria for responsible AI use in military

The U.S. State Department has teamed up with Nigeria to further the responsible use of artificial intelligence (AI) in the military.

Mallory Stewart, whose role at the State Department focuses on arms control and stability, recently discussed AI use in military operations with Nigeria’s Ministry of Foreign Affairs, the Ministry of Defence, the national security advisor, civil society, and other officials from the regional bloc ECOWAS.

The U.S. has been on a global tour drumming up support for its initiative to have guardrails for AI use in the military. This initiative, which has garnered the support of 55 countries, advocates using AI “in a manner consistent with international laws and recognising inherent human bias,” Stewart told journalists in Abuja.

“We’ve learned the hard way [about the] inherent human bias built into the AI system … leading to maybe misinformation being provided to the decisionmaker,” she added.

It’s not the first time the U.S. government has partnered with Nigeria on AI. Earlier this year, the American government reiterated its support for Nigeria’s AI strategy, pledging to support the development of the West African nation’s infrastructure to boost research and innovation.

A few months later, the two governments signed an MoU to increase AI engagements between their respective national AI institutes.

The U.S. Department of Commerce has also pledged to collaborate with Nigeria on its approaches to critical areas such as “data, trusted digital infrastructure, power/green energy, AI governance policies, computing resources, digital skills relevant to AI and more.”

The controversy of AI in the military

As with virtually every other sector, AI is gaining rising adoption in the military. For some, like Japan, the technology presents a solution to a rapidly aging and declining population that has left the country short of a military workforce. Others are using it to collect and analyze data and assist in decision-making.

According to former Google (NASDAQ: GOOGL) CEO Eric Schmidt, global wars are “no longer about who can mass the most people or field the best jets, ships, and tanks.” It’s now about autonomous weapon systems and powerful algorithms.

Regulations and guardrails are critical for the technology’s deployment in the sector. However, global political alignments have overshadowed the need for policy frameworks.

One major movement led by the U.S. brought together 31 nations, including France, Germany, Canada, and Australia, to sign a declaration setting guardrails on military AI. However, China and Russia, the other two most powerful militaries after the U.S., were conspicuously missing.

As regulators slack off, AI developers are increasingly voicing their concerns and opposition to the military deployment of AI. Earlier this year, nearly 200 employees at Google DeepMind signed a letter demanding the company terminate its contracts with military organizations.

“Any involvement with military and weapon manufacturing impacts our position as leaders in ethical and responsible AI, and goes against our mission statement and stated AI Principles,” the developers say.

Industry leader OpenAI has also been dragged into military applications. Earlier this year, the company quietly removed its ban on using its AI models “for military and warfare” and has been working with the Pentagon since.

@ Newshounds News™

Source:  CoinGeek

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BANKS USING PERMISSIONLESS BLOCKCHAINS FOR TRANSACTIONS FACE MULTIPLE RISKS: BIS

Risks include operations and security, governance, legal, settlement finality and compliance, the report said.

▪️Banks transacting on permissionless blockchains face multiple risks including settlement finality, the Bank for International Settlements said in a working paper.

▪️The paper also said technology to address some of the risks, particularly privacy, is being developed. naming zero-knowledge proofs as a potential solution.

Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision concluded in a new paper.

The committee is part of the Bank for International Settlements (BIS), the primary global standard setter for prudential banks.

Other risks include operations and security, governance, legal, settlement finality and compliance, the paper said.

"Certain risks stem from the blockchains’ reliance on unknown third parties, which makes it difficult for banks to conduct due diligence and oversight. These risks require new risk management strategies and safeguards. Current practices for mitigating these risks remain in various stages of development and have not been tested under stress," according to the paper.

Banks are also exposed to political uncertainty as a new legislation could "change validator behaviour," making the "blockchains themselves operationally unstable.

" A ban for instance could "reduce the amount of computing power or staked native tokens available to secure the blockchain, temporarily increasing the risk of a 51% attack," in which ”a coordinated effort is put forward to control greater than 50% of the validation nodes."

The paper also said technology to address some of the risks, particularly privacy, is being developed, naming zero-knowledge proofs as a potential solution.

Last month, the committee approved a disclosure framework for banks' exposure to crypto that must be implemented by the start of 2026.

@ Newshounds News™

Source:  CoinDesk

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Some “Iraq News” Posted by Clare at KTFA 8-30-2024

KTFA:

Clare:  The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies

August 30, 2024

 The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks, in an important step aimed at enhancing the diversity of currencies and facilitating international transfer operations.

 This announcement came after reaching an agreement on the mechanisms for regulating these operations, as it will include dealing in the euro, Chinese yuan, Indian rupee, and UAE dirham.

The delegation confirmed the definition of the scope of work of the international auditing company E&Y, which will review the transfer operations to ensure their safety and compliance with international standards. This step is a reflection of the Central Bank of Iraq's commitment to achieving the highest levels of transparency and security in all foreign transfer operations, and enhancing confidence in the Iraqi financial system.

This initiative came within the framework of the Central Bank of Iraq's ongoing efforts to support economic growth and expand the horizons of international cooperation with global markets.

Central Bank of Iraq 
Media Office 
August 30, 2024

https://cbi.iq/news/view/2659

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Clare:   Central Bank announces results of New York meetings

8/30/2024   Baghdad - WAA 

The Central Bank of Iraq announced, today, Friday, the results of the visit of the delegation headed by the Governor of the Central Bank, Ali Mohsen Al-Alaq, to ​​the United States of America, which lasted from August 26 to 29, 2024. 

The Central Bank of Iraq confirmed in a statement received by the Iraqi News Agency (INA) that "a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies (Visa, Mastercard and MoneyGram) as well as banks (Citi Bank and JP Morgan) as well as international auditing firms (KPMG, E&Y, K2i and Oliver Wyman)."

He added that "the participants in the meetings praised the major transformations achieved by the Central Bank of Iraq, which represent an unprecedented achievement at the country level, as the bank has achieved remarkable progress in monitoring procedures for foreign transfers and cash sales of the US dollar, which has led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, terrorist financing and financial crimes."

He announced, "A meeting will be held between officials of the Central Bank of Iraq and its international partners by the end of this year regarding the major shift in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan set by this bank, and implemented internationally

Which will allow the Central Bank of Iraq and the Federal Reserve Bank to exercise their supervisory roles away from executive procedures, as this shift will have important repercussions on the stability, fluidity and transparency of the country's foreign trade financing operations," noting that "it aims to achieve the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq."

He pointed out that "the meetings in New York City also addressed the mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements to open their accounts with international correspondent banks; with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies."  LINK

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Clare:  Turkish-Iraqi-Qatari-Emirati ministerial meeting on the development road project

8/30/2024

Istanbul hosted the first ministerial meeting between Turkey, Iraq, Qatar and the United Arab Emirates on Thursday to discuss the Development Road Project.

The meeting, which was held at Dolmabahce Palace, was attended by Turkish Minister of Transport and Infrastructure Abdulkadir Oraloğlu and his Iraqi counterpart Razzaq Muhibs Al-Saadawi, while Qatar and the UAE participated via video conference.

In his speech after the meeting, the Turkish Minister of Transport said: The project will directly contribute to strengthening the global trade system and the development of the participating countries.

Oraloğlu stressed that the main feature of the modern economy is that multinational production, international financial flows and international trade volume have reached very high levels.

Commenting on the Quadrilateral Ministerial Meeting, Oraloğlu said: "Our meeting today is not only for the future of the transportation and logistics sectors but also for the economic, social and cultural future of our countries."

He added: "It is very important for all of us to have safe and fast transportation facilities to establish the economic cooperation that is indispensable for our countries." He stressed that the existing cooperation between the four countries will be stronger thanks to the Development Road Project.

The Turkish minister explained that the development road project is important in terms of gains and supply chains, and that it will benefit the countries of the region as a whole.

For his part, Minister of Transport Razzaq Muhaibis Al-Saadawi said that the project will contribute positively to the global economy as a whole.

He added: "Today's meeting was fruitful and good in terms of standards, and we discussed many issues related to project management and its stages. We are working to remove the obstacles that prevent the implementation of this project."

He continued by saying: "We must know that the development road project will make a great contribution to all participating countries, to the region and to the global economy as well."

On April 22, Turkey, Iraq, Qatar and the UAE signed a quadripartite memorandum of understanding for cooperation on the "Development Road" project in Baghdad, under the auspices of Turkish President Recep Tayyip Erdogan and Prime Minister Mohammed Shia Al-Sudani.

The "Development Road" project is a land and railway road extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries.  LINK

Clare:  Text of Cabinet session decisions including setting date for start of new school year

8/30/2024

Prime Minister Mohammed Shia Al-Sudani chaired the thirty-fifth regular session of the Council of Ministers today, Thursday, which witnessed the discussion of the overall situation in the country, the progress of implementing the government program, in addition to the files on the agenda for which the necessary decisions were taken.

At the beginning of the session, Al-Sudani reviewed the outcome of his official visit to Egypt and Tunisia, and the discussions he held on bilateral cooperation files, and the preparations for holding the next meeting of the Iraqi-Egyptian Joint Committee, which will be held in Baghdad. Al-Sudani directed the ministers to prepare the files required to activate all areas of cooperation, especially in the fields of oil and transportation.

Regarding Iraqi-Tunisian relations, the Prime Minister spoke about the convergence of positions between the two countries, the availability of opportunities for cooperation and the activation and revitalization of relations, in addition to the necessity for all ministries to follow up on the outcomes of this official visit and communicate with counterpart ministries in Tunisia and Egypt for more fruitful partnerships.

Al-Sudani renewed his appreciation and gratitude for the efforts of all ministries, institutions, governorates and security forces, most notably the Supreme Security Committee headed by the Minister of Interior, the Supreme Committee for Million-Pilgrimage headed by the Director of the Prime Minister's Office, and the Ministers of Health, Electricity, and Transportation, the governors and holy shrines, for their efforts in managing and making the million-pilgrimage a success to commemorate the Arbaeen of Imam Hussein, peace be upon him.

He pointed out that this success in managing and accommodating more than 21 million visitors, in addition to the projects and infrastructure that have been diagnosed and monitored, are now in the process of being implemented to serve visitors, the roads and stations they use, and all service facilities.

 His Excellency explained the most important security steps taken recently, which contributed to thwarting any threat, and within qualitative preemptive operations that resulted in the arrest of 46 wanted terrorists, and within all operational sectors.

The Council considered the issues and files on the agenda and took the necessary decisions regarding them.

In the oil field, and within the framework of the government’s approach to developing investment in oil wealth, the Council approved the contracts for the fifth and sixth supplementary licensing rounds, totaling (14) projects for final signing, and the commencement of activating the contracts under discussion, based on the provisions of Article (39/1) of the contract for the two aforementioned rounds. 

In the field of energy, the Council approved the addition of (1,463) billion dinars, within the import of fuel, Iranian gas, and (619.68) billion dinars, within the import of electrical energy, to the Ministry of Electricity’s budget for the year 2024, based on the provisions of the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025).

As part of the follow-up of service efforts, the Prime Minister directed the Ministry of Finance to transfer an amount of (14.6) billion dinars to the Baghdad Municipality for the direct implementation of the joint sewer network to serve the district (859, District 3/10), within the Rashid Municipality sector, south of Baghdad, and the transmission line towards the (Al-Dawanem/2) station to serve the district (488) of the Al-Salamyat area within the Al-Shaala Municipality sector.

In the context of determining the calendar for the academic year in the Ministry of Education, the Council of Ministers decided that Sunday, September 15, 2024, would be the date for the commencement of teaching and educational staff for all Iraqi schools, and that Sunday, September 22, 2024, would be the date for the start of the new academic year, 2024-2025.

The Council approved the exemption of the project to build a number of schools within the (Aidopa) program, which will be contracted for design, construction and maintenance according to a contract concluded between the Iraq Development Fund and the Ministry of Education, and any annexes to that contract in the various Iraqi governorates not organized into a region, from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014) and the conditions of the specialized standard documents issued by the Ministry of Planning.

The Council also authorized the Ministry of Education to purchase the property of the Iraqi school in Tunisia, as an exception to the instructions and regulations of the Central Education Fund, and its ownership would be owned by the Ministry of Education, with its financing and the authority to pay its debts from the Central Education Fund, as well as to form a joint committee from the Ministries of Foreign Affairs and Education regarding Iraqi schools abroad, and to submit its recommendations to the Council of Ministers.

Within the framework of developing educational staff, the Council approved amending Paragraph (5) of Cabinet Resolution (319 of 2022) regarding study leaves outside Iraq to include support for a scholarship program concerned with developing the staff of the Ministry of Higher Education and Scientific Research and ministries and entities not affiliated with a ministry, to fill the shortage in the number of teaching and functional staff who are referred to retirement, by allocating the necessary funds in the next budget, in a way that guarantees the Higher Committee for Education Development in Iraq (Educational Initiative) in the Office of the Prime Minister, sending study missions based on the provisions of the Scholarships, Fellowships and Financial Aid System (3 of 2018), in coordination with the Ministry of Higher Education and Scientific Research.

As part of the Cabinet’s follow-up to develop agricultural activity, the non-oil economy, and employ modern irrigation methods, the Council approved authorizing the Ministry of Agriculture to negotiate prices, technical specifications, and quantities, through the coordination committee formed with the Ministry of Industry and Minerals, to contract with the General Company for the Manufacture of Cars and Equipment, to equip modern irrigation systems of various types, from the support amounts amounting to (147 billion dinars), and at a support rate of (30%), as an exception to the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014) and the instructions for facilitating the implementation of the Federal General Budget Law for the fiscal years (2023-2024-2025).

In the context of encouraging national industries and protecting local products, the Council approved that the customs duties imposed on chicken cuts and products be (25%), which were previously not included in the local product protection procedures, based on Cabinet Resolution (23154 of 2023), while maintaining the customs duties on frozen whole chicken at (25%) based on Cabinet Resolution (183 of 2022). This decision shall be implemented after (60) working days from the date of its issuance, by all border crossings, including those in the Kurdistan Region of Iraq.

The Council approved the authorization of the Minister of Finance to sign the financing loan agreement for the irrigation technology project for the benefit of the Ministry of Agriculture, received from ERST BANK, with a guarantee from the Austrian Export Guarantee Agency (OeKB), based on the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025), and to approve the financing terms.

In the field of the Cabinet’s follow-up of efforts to develop agricultural aviation capabilities, the Council approved the cancellation of Cabinet Resolution (50 of 2020) and Paragraph 2 of Cabinet Resolution (23327 of 2023), and that the Ministry of Agriculture take the necessary measures to implement the following:

1- Direct invitations to no less than 3 international companies or centers specialized in aircraft maintenance; in order to conduct maintenance inside Iraq and prepare the required materials for the stopped agricultural aircraft and return them to work, as an exception to the instructions for implementing government contracts (2 of 2014), and the controls attached thereto, and the instructions for facilitating the implementation of the effective budget, in coordination with the Iraqi Civil Aviation Authority.

2- Qualifying pilots and technicians who are still in service to enable them to work on these aircraft, in accordance with the applicable aviation instructions.

3- Obtaining the required operating licenses for aircraft and their personnel from the Iraqi Civil Aviation Authority.

4- Completing the procedures of the lawsuits filed by the Ministry of Agriculture against the companies that supplied the French Eurocopter aircraft.

In continuation of the government’s approach to completing stalled and suspended projects, and removing the causes of procrastination, the Council of Ministers approved the following:

1. Increase the total cost and reserve amount for the contract (implementation of the bridged intersections and the surface layer of the approaches to the Hindiya Bridge).

2. Increase the total cost of my two projects (improving and developing electricity networks with equipping and installing transformers for different areas in the Tar area, equipping a specialized and service mechanism (lighting crane), equipping and installing transformers with a capacity of (400 and 250) kVA and specialized mechanisms with the construction of a D.W network/Karmat Bani Saeed District).

3. Increase the total cost and reserve amount for the contract (establishing the digital library for the contract (6/2012).

4. Creating a component (remaining work for the project to establish the Drug Research and Control Center).

5. Increase the cost of the main project (establishing and rehabilitating health centers and hospitals in Karbala Governorate/Center District, Hindiyah, Al-Hussainiya District, and Ain Al-Tamr).

The Council approved the donation of (10) Rafidain Bank explosives detection devices (RapScan type) to the Holy Shrine of Imam Ali (peace be upon him) (which had previously been delivered to the Holy Shrine of Imam Ali (peace be upon him) in a useable form), based on the instructions to facilitate the implementation of the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025).

The Council also considered a number of topics on its agenda and took the following decisions:

First: Authorizing the Minister of Construction, Housing, Municipalities and Public Works to sign the exchanged letters for the Chinese grant provided to the Iraqi government in the amount of (53,650) million Chinese Yuan, in the form of specialized mechanisms and as stated in the exchanged letters between the Iraqi and Chinese sides, taking into account changing the signature formula to be in the name of the Ministry of Construction, Housing, Municipalities and Public Works, and not in the name of the Iraqi government, so that these exchanged letters are not considered an international agreement, and coordination with the Ministries of (Planning and Finance) in accordance with the provisions of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025).

Second: Cancel Cabinet Resolutions (581 of 2013) and (326 of 2014), due to the long period of time that has passed since they were not implemented and the lack of need for them due to the financial circumstances that surrounded the treasury at the time, and cancel Cabinet Resolution (24032 of 2024).

Third: Increasing the capital of the Real Estate Bank (500 billion dinars) to become (550 billion dinars), based on the provisions of the Public Companies Law (22 of 1997) amended, and the Ministry of Finance taking the necessary measures for implementation.
Fourth: Exempting the Civil Aviation Authority from the contracting methods in the instructions for implementing government contracts, with regard to programs and computers only, for the purpose of purchasing the authority’s management systems and air safety directly from specialized companies that produce these programs, purchasing licenses, computers and servers from authorized agents of the global company (Microsoft).

Fifth: The Ministry of Finance sold an area of ​​(1750) square meters of the plot of land numbered (23 m9/Kurka Jal) belonging to it, to the Diwan of Endowments of the Christian, Yazidi and Mandaean Religions, based on the Law for the Sale and Lease of State Property (21 of 2013) as amended after estimating its value by the committee formed pursuant to the aforementioned law, and extinguishing a percentage of (50%) of the actual consideration in accordance with the provisions of the Federal Financial Administration Law (6 of 2019) as amended and Cabinet Resolution (23447 of 2023). LINK

 Game of Patience: Clare thanks for sharing!  This information reveals amendments being made to the 2024 budget!