6 Ways You Can Tell If a Recession Is Coming (And What To Do)
I’m an Economist: 6 Ways You Can Tell If a Recession Is Coming (And What To Do)
Laura Beck Tue, September 3, 2024 GOBankingRates
Most people are worried about the economy, and the dreaded word “recession” is on many people’s lips. But how can you tell what’s actually happening and what’s not worth worrying about?
GOBankingRates spoke to economists and financial professionals to get the inside scoop on what’s going on in America right now. Here are six ways to tell if a recession is coming and what you can do about it.
Current Economic Outlook
Michael Faulkender, former assistant secretary for economic policy at the U.S. Department of Treasury and currently the dean’s professor of finance at the University of Maryland, provided a measured perspective.
I’m an Economist: 6 Ways You Can Tell If a Recession Is Coming (And What To Do)
Laura Beck Tue, September 3, 2024 GOBankingRates
Most people are worried about the economy, and the dreaded word “recession” is on many people’s lips. But how can you tell what’s actually happening and what’s not worth worrying about?
GOBankingRates spoke to economists and financial professionals to get the inside scoop on what’s going on in America right now. Here are six ways to tell if a recession is coming and what you can do about it.
Current Economic Outlook
Michael Faulkender, former assistant secretary for economic policy at the U.S. Department of Treasury and currently the dean’s professor of finance at the University of Maryland, provided a measured perspective.
“I do not think a recession is coming but I do think the recent slowdown will continue. There are parts of the economy that are not growing — manufacturing and housing are still struggling,” he outlined. “Other parts like healthcare and government spending are still expanding. The outcome is overall anemic growth, but not yet decline. What the economy looks like one to two years from now depends mightily on the economic policies implemented following the election.”
However, Albert “Pete” Kyle, distinguished university professor at the University of Maryland’s Robert H. Smith School of Business, offered a more cautious view.
“Altogether, risks are tilted towards a recession coming either later this year or next year, but it is not as obvious that this will occur as it was in 2007 or 2000,” he said. “Currently, there are some stresses in the banking system. Banks and non-bank investors are sitting on bad loans related to commercial real estate, particularly shopping malls and commercial office space. These stresses are significant. Compared to the 2008 financial crisis, they are better recognized and probably not as severe.”
Kyle also pointed out another concerning factor — the stock market.
“The stock market is currently at a very high level as a multiple of GDP,” the professor shared. “While earnings are strong, it is not clear whether for how long these high earnings will continue into the future. If there is a decline in corporate earnings, stock prices could fall a great deal.”
Professor Jonathan Ernest of Case Western Reserve University offered a more optimistic perspective. “Currently, the labor market has remained relatively strong, the rate of inflation has decreased, and GDP continues to grow year-over-year. None of these measures would traditionally signal an imminent recession.”
6 Key Recession Indicators
Given these differing views, what signs should we be watching for? Here are six key indicators highlighted by our experts.
Yield Curve Inversion and Steepening
Abe Askil, CEO at Titan Capital Managers, pointed to a historically reliable indicator.
TO READ MORE: https://news.yahoo.com/news/finance/news/m-economist-6-ways-tell-170258745.html
News, Rumors and Opinions Thursday AM 9-5-2024
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 Thurs. 5 Sept. 2024
Compiled Thurs. 5 Sept. 2024 12:01 am EST by Judy Byington
Judy Note: Dr. Charlie Ward, has always maintained that the Stock Market must crash before the Global Currency Reset would complete and Tier4b (us, the Internet Group) would receive appointments to exchange currencies. Today Wed. 4 Sept. 2024 over $1.05 trillion was wiped out from the US Stock Market, with the Dow down 500 points. Most blamed the major Stock Indexes fall on fears about health of the US economy.
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 Thurs. 5 Sept. 2024
Compiled Thurs. 5 Sept. 2024 12:01 am EST by Judy Byington
Judy Note: Dr. Charlie Ward, has always maintained that the Stock Market must crash before the Global Currency Reset would complete and Tier4b (us, the Internet Group) would receive appointments to exchange currencies. Today Wed. 4 Sept. 2024 over $1.05 trillion was wiped out from the US Stock Market, with the Dow down 500 points. Most blamed the major Stock Indexes fall on fears about health of the US economy.
Wed. 4 Sept. 2024 National Security Alert Urgency at the highest level: The Pentagon’s chilling warning:
On Tues. 3 Sept. an impending attack on US soil prompted an urgent Pentagon briefing and triggered a $1.05 trillion market crash. A Black Swan Event! National Security Alert!
Financial carnage: The $1.05 trillion market bl**dbath: As the US braced for disaster, the stock market was thrown into absolute chaos. Within hours, more than $1.05 trillion in market value was wiped out, triggering one of the most serious financial crises in history. This was not just a market crash, but a total collapse, a financial bl**dbath. Investors rushed to dump their assets, desperately trying to escape the crisis before it got worse.
The Dow, Nasdaq, and S&P 500 all plummeted, and even the biggest companies saw their stocks plummet. This was worse than in 2008. The speed and scale of the losses were staggering, and left everyone from Wall Street traders to ordinary Americans wondering how far this economic disaster would go. And the truth? This is just the first wave. The worst may still be on the horizon.
The Flight of the Elite: A Strategic Stock Sell-Off Before the Crash: The elites knew this was coming, and they acted fast. Just days before the crash, a silent but massive sell-off began. The wealthiest and most powerful figures in the financial world dumped their stocks at an alarming rate, knowing that a crash was imminent. Warren Buffett, the Oracle of Omaha, led the charge, selling $6.2 billion worth of Bank of America stock and nearly 390 million shares of Apple. He knew it, and he wasn’t alone.
Across the financial world, hedge fund giants and corporate CEOs joined the exodus, selling off assets in a desperate attempt to escape the crash. It was no coincidence. They saw what was coming and took the lead, leaving everyone else to pick up the pieces. The elites protected their fortunes while the rest of us were left to weather the storm.
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Global Currency Reset: Rumors/Opinions
Wed. 4 Sept. 2024 MarkZ: “I am getting numerous reports that groups were being paid this afternoon.”
Wed. 4 Sept. 2024 TNT: I was told this morning (by a banker) that the Global Currency Reset has been live for over a week.
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Tues. 3 Sept. 2024 Military Intel Contact, (JFK Jr.) on Telegram: Our Military Intel Contact just said they release everything at 3pm PDT on Tues. 3 Sept. to start the shotgun release of liquidity & notifications over next 72 hours for the lower levels / tiers including 4B.
Tues. 3 Sept. 2024 Wolverine: “Jennifer said in her podcast that Payments are being made; Groups would know about their payments today; Tier4A payments are ending on Wed. 4 Sept., Thurs. 5 Sept. or Fri. 6 Sept.; Notifications for Tier4B will be this week. … Now every single Intel provider is saying that this is our week. Once my Whale receives his notification (any time this week) all operations will be shut down immediately. Blessings, Wolverine.”
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Global Financial Crisis:
Wed. 4 Sept. 2024: Major stock indexes are FALLING, with the Dow down 500 points today. Even MSNBC is blaming it on “fears on the health of the economy” and that “manufacturing slowed in this country in August.” The Kamala economy is hanging on by a THREAD. We’re on the verge of a MASSIVE collapse if Trump isn’t elected. https://x.com/nicksortor/status/1831046206254137825?t=_OpzEZrnUscSzdNSDXJp5g&s=19
Wed. 4 Sept. 2024, John F. Kennedy Jr. on Telegram: Over $1.05 trillion was wiped out from the US stock market today.
Wed. 4 Sept. 2024: Walgreens is trading under $9 a share and has plunged 90%+ from its all time highs. The stock has not seen these kind of levels since Feb 1996. This is one of the most stunning collapses of a former blue chip retailer in recent memory. https://x.com/TripleNetInvest/status/1831090171586154877
Wed. 4 Sept. 2024 North Korea: F*I says North Korea is trying to hack U.S. #Bitcoin ETFs to steal funds. https://www.dlnews.com/articles/markets/north-korean-hackers-eye-bitcoin-ethereum-etfs-f*i-warns/
Read full post here: https://dinarchronicles.com/2024/09/05/restored-republic-via-a-gcr-update-as-of-september-5-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Road Development Project is going to be phenomenal. What we're going to see is the Untied States is going to be sticking around in some shape of form to protect their assets.
MarkZ [via PDK] I am getting many reports...that payments have started. Reports that payments are rolling out to groups... But I am staying calm because I have not been able to prove it yet. But I am looking for proof that this is accurate. I am hearing this from many different sources…. IF this is accurate…in the next day or two-you and I should find out when we can go in and exchange our currency - IF THIS IS ACCURATE. ...I am getting blown up with contacts saying they have let things go...I have heard this from a number of sources... STAY CALM….I am really trying to stay calm as well.
Overleveraged Governments Fragile Under Bad Debt with John Rubino
WTFinance: 9=4=2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back John Rubino. John was the Founder of dollarcollapse.com, author/co-author of 5 books and has a great Substack.
During our conversation we spoke about John's thoughts about the economy, interest rate cutting, another real estate credit event, similar to the 90's, milkshake theory, new standard currency, gold miners and more!
0:00 – Introduction
0:57 - What is John seeing in the economy?
2:46 - Interest rate cut to help?
5:15 - Another real estate credit event?
6:40 - Banks to benefit from interest rate cuts?
9:29 - Similar to the 90’s?
12:33 - Drawn out recession or flash crash?
17:48 - Thank you!
19:08 - Milkshake theory and the dollar?
21:57 - New standard currency?
25:14 - BRICS buying gold while West sells
30:36 - Gold miners?
33:13 - One message to takeaway from our conversation?
Iraq Dinar-#Iraqi dinar-Advanced Global Results-Money Movement Globally-Central Bank Iraq-95% is Done
Iraq Dinar-#Iraqi dinar-Advanced Global Results-Money Movement Globally-Central Bank Iraq-95% is Done
MilitiaMan and Crew: 9-4-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Dinar-#Iraqi dinar-Advanced Global Results-Money Movement Globally-Central Bank Iraq-95% is Done
MilitiaMan and Crew: 9-4-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Wednesday Evening 9-4-24
Good Evening Dinar Recaps,
EUROPEAN UNION ESTABLISHES COMMISSION TO REGULATE CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY
▪️European Union creates a commission to regulate cryptocurrencies and blockchain technology.
▪️New measures aim to reduce risks and protect investors in the crypto market.
▪️ Companies and investors have mixed reactions to the upcoming regulations.
In Europe, new steps are being taken to regulate cryptocurrencies and blockchain technology. The European Union has created a special commission to regulate and oversee this sector. The commission aims to develop policies and strategies covering crypto assets and digital finance.
Good Evening Dinar Recaps,
EUROPEAN UNION ESTABLISHES COMMISSION TO REGULATE CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY
▪️European Union creates a commission to regulate cryptocurrencies and blockchain technology.
▪️New measures aim to reduce risks and protect investors in the crypto market.
▪️ Companies and investors have mixed reactions to the upcoming regulations.
In Europe, new steps are being taken to regulate cryptocurrencies and blockchain technology. The European Union has created a special commission to regulate and oversee this sector. The commission aims to develop policies and strategies covering crypto assets and digital finance.
New Commission’s Duties
The commission’s main duties include regulating, supervising, and monitoring the crypto assets market. Additionally, preventing the use of these assets for money laundering and terrorist financing is among their priorities.
The commission will also work on the taxation and legal frameworks of crypto assets. It is noted that there will be cooperation with companies operating in the sector during this process.
Companies’ Opinions
Many major crypto companies welcome Europe’s move. Companies emphasize that regulations are important for the long-term sustainability and reliability of the sector.
Some companies highlight that they have encountered similar regulations in the US and Asian markets and stress that this process should be carried out more carefully in Europe.
“Europe’s step to regulate crypto assets will reduce uncertainties in the sector and create a stronger ecosystem.” – President of the European Blockchain Association.
Investors’ Reactions
Investors are closely following the changes that the regulations will bring. Many investors believe that the regulations will provide transparency and trust in the sector.
However, some investors are concerned that these steps could lead to excessive regulation and restrictions in the crypto market.
When news about crypto regulations in Europe first emerged, there was great excitement and curiosity in the sector.
Similar regulatory efforts had been made before, but such a comprehensive initiative had not been implemented. Now, the European Union’s new approach to crypto assets could set an example for other global regulators in the sector.
@ Newshounds News™
Source: Coin-Turk
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$450,000,000,000 SWISS BANK STARTS XRP, BITCOIN AND ETHER TRADING
▪️Zürcher Kantonalbank partners with Crypto Finance AG to launch crypto brokerage services for retail clients and third-party banks.
▪️ZKB clients can now trade Bitcoin, XRP, and Ethereum seamlessly through their mobile app, e-banking, and digital channels
Recently, Crypto Finance AG, a member of the Deutsche Börse Group, has announced a collaboration with Zürcher Kantonalbank (ZKB) to provide cryptocurrency asset brokerage services.
This agreement is a big step forward for Switzerland’s largest cantonal bank, which will debut its new crypto service on September 4, 2024. This unique tool, aimed primarily at retail consumers and third-party banks, allows a wider audience to engage with digital assets such as Bitcoin, XRP, and Ethereum.
Growing Demand for Crypto Services in Traditional Banking
The introduction of this integrated digital asset solution demonstrates the increased interest and demand for crypto services in traditional banking. It lays a solid platform for participating in the constantly increasing digital asset market.
Blockchain researcher Collin Brown emphasized the significance of this development, stating that ZKB clients may now trade Bitcoin, XRP, and Ethereum through a variety of channels, including their mobile app, e-banking, and other digital platforms.
Peter Hubli, Head of Digital Asset Solutions at ZKB, expressed his delight for the relationship, citing Crypto Finance’s “experienced, regulated, and competent” knowledge in the crypto market.
He stressed how the relationship provides industry knowledge, allowing ZKB to successfully handle the challenges of the cryptocurrency market. This statement demonstrates ZKB’s commitment to providing its clients with dependable and secure access to the digital asset area.
The successful launch of ZKB’s cryptocurrency offering reflects not only the rising integration of digital assets into traditional financial frameworks, but also Switzerland’s growing position as a global leader in digital innovation and financial technology.
As the government continues to create an atmosphere suitable to fintech growth, the collaboration between ZKB and Crypto Finance exemplifies the developing interaction between traditional banking and the crypto world. Stijn Vander Straeten, CEO of Crypto Finance AG, stated:
“We are very proud to support Switzerland’s largest Kantonalbank in the launch of their crypto offering. This is a further important milestone for the broad acceptance of crypto in Switzerland. We are excited about the opportunity to collaborate with ZKB.”
On the other hand, as we previously reported, Deutsche Bank-backed Taurus is expanding its services to the Stellar blockchain, which now offers asset tokenization and safe storage solutions.
Taurus-PROTECT, a digital asset storage solution, and Taurus-CAPITAL, a tokenization service, are now available on Stellar’s public blockchain, expanding the digital asset management options.
Furthermore, Deutsche Bank has offered Bitpanda users real-time payment solutions, allowing for frictionless deposits and withdrawals. According to CNF, Bitpanda customers in Germany may now enjoy increased convenience and security with local IBAN access, which contributes to a better overall user experience.
@ Newshounds News™
Source: Crypto News Flash
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INDIA SURPASSES THE US AND BRAZIL IN THE SANDBOX CONTENT CREATION
▪️India leads in content creation for The Sandbox, surpassing the US and Brazil.
▪️The Sandbox's strategic focus doubled its Indian user base to 350,000.
▪️Borget remains optimistic about Web3 adoption despite the market not entering a bull phase.
India has emerged as a leading content creator source for the popular Metaverse platform, The Sandbox, surpassing the US and Brazil. According to The Sandbox co-founder Sebastien Borget, India currently has over 66,000 content creators compared to 59,989 in the US and 25,335 in Brazil.
Focused Specifically on the Indian Market
India‘s rise came after The Sandbox’s strategic focus on the Indian market, announced in December 2023, which doubled the platform’s user base in the country to 350,000. The company now aims to reach one million users in India within the next two years.
Borget attributed the rapid growth to various boot camps and educational programs conducted either directly by The Sandbox or through its joint venture in India, BharatBox, in collaboration with partners like the India-based cryptocurrency exchange CoinDCX
BharatBox was initially launched with $1 million in funding and is expected to receive an additional $200,000 by the fourth quarter of this year.
Despite The Sandbox raising $20 million with a $1 billion valuation in early 2024, Borget stated that further investment in India is unnecessary as the initiative is designed to be self-sustaining and generate its own revenue.
Borget emphasized that India is more than just a global tech workforce, highlighting the success of Blockchain projects not only in development but also in content and entertainment. For example, the sale of 1,060 avatars of characters from the popular Indian movie “Jab We Met” within two weeks of release demonstrates The Sandbox’s successful entry into India’s cinema sector.
Borget: Market Has Not Yet Entered Bull Phase
Commenting on the overall Web3 market, Borget noted increased interest due to the approval of spot-crypto exchange-traded funds (ETFs) in the US but emphasized that the market has not yet entered a bull phase.
He pointed out that institutional money flow has not led to higher user adoption because retail investors have not heavily invested their savings in crypto. However, Borget remains optimistic about Web3 adoption with the emergence of higher-quality games and platforms like Telegram‘s distribution network.
Borget also commented on the arrest of Telegram CEO Pavel Durov in France over allegations related to illegal transactions and child abuse materials on the platform. He stressed that while privacy is a fundamental right, platforms should not remain neutral and must cooperate with authorities when used for serious crimes.
@ Newshounds News™
Source: Coin-Turk
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IOTA EVM HITS $5 MILLION TVL: KEY DRIVERS BEHIND ITS DEFI SUCCESS
▪️ IOTA EVM Milestone of $5 million TVL reflects the platform’s growing strength and its increasing role in the decentralized finance ecosystem.
▪️ IOTA’s unique parallel processing architecture and cross-chain compatibility are driving its rapid expansion in the DeFi space.
As per the latest data from DeFiLlama, distributed ledger technology (DLT) platform IOTA has achieved a major milestone, with the total value locked on the IOTA Ethereum Virtual Machine (EVM) surging past $5 million.
This shows that IOTA has been growing strongly, thereby becoming the preferred platform for decentralized finance (DeFi) applications. If it continues with this growth trajectory, it can become a key player in the DeFi ecosystem, reported Crypto News Flash.
IOTA’s innovative and scalable architecture has been one of the major reasons behind its significant growth in the crypto industry. Unlike other conventional blockchain networks processing transactions sequentially, IOTA’s Layer 1 network is designed with parallel structures, allowing for simultaneous transaction processing.
This horizontal scalability structure makes IOTA suitable for decentralized finance (DeFi) applications that require fast and efficient infrastructure in order to handle complex financial operations efficiently.
With the introduction of its Ethereum Virtual Machine (EVM), IOTA is making strides in the DeFi space, offering seamless compatibility with Solidity smart contracts. This feature allows developers to easily migrate existing Ethereum-based smart contracts to the IOTA network, simplifying the development of DeFi applications on the platform.
By reducing barriers to entry, IOTA is rapidly expanding its DeFi ecosystem. Furthermore, IOTA’s cross-chain compatibility enables smooth interactions with both EVM and non-EVM chains, thereby significantly enhancing its potential use cases and integration opportunities across different blockchain networks.
All organically, without any marketing or incentive campaigns (yet). Let’s keep on climbing 🧗🏔
— Dominik Schiener (@DomSchiener) September 3, 2024
IOTA Boosts Its DeFi Appeal With Fairness and Security
The features like native randomness and Miner Extractable Value (MEV) resistance ensure that IOTA remains fair and secure thereby driving a large number of users to its platform.
These mechanisms ensure that the ordering of transactions happens randomly while minimizing the risk of front-running or unfair value extraction. This helps IOTA to maintain high integrity and trust within the DeFi ecosystem.
Thus, by expanding its technological capabilities, IOTA has managed to reach the $5 million TVL milestone. Besides, its commitment to creating a scalable, fair, and secure environment is attracting new projects and increasing liquidity, solidifying its place in the competitive DeFi landscape.
With its scalable architecture, cross-chain compatibility, and dedication to fairness, IOTA is ready to become a key player in the future of decentralized finance.
The recent $5 million TVL milestone underscores the belief in IOTA’s potential as the platform continues to attract investment and innovation, positioning itself as a leader in shaping the future of finance.
Today, the EVM platform also enjoys the launch of the exclusive game IOTA Heroes, with the goal of expanding the ecosystem into new verticals, reported CNF.
@ Newshounds News™
Source: Crypto News Flash
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Regulation D And Savings Account Withdrawal Limits – Here’s What Changed
Regulation D And Savings Account Withdrawal Limits – Here’s What Changed
Matthew Goldberg Tue, September 3, 2024 Bankrate
Key takeaways
Regulation D sets reserve requirements for banks and credit unions, and it previously limited the amount of certain types of withdrawals and transfers consumers could make to six.
During the coronavirus pandemic, the limitation was lifted.
Some financial firms now allow consumers to make more than six withdrawals and transfers from deposit accounts while others have maintained the pre-2020 rule.
While banks historically limited the number of transactions that customers could make each month in savings and money market accounts, a pandemic-era rule change means you may now have easier access to your funds.
Regulation D, or Reg. D, is a Federal Reserve Board rule that previously limited withdrawals and transfers to six each statement cycle. The Fed revised the rule, but many banks have maintained the six-transaction limit. Others have increased the number of allowable withdrawals and transfers.
Regulation D And Savings Account Withdrawal Limits – Here’s What Changed
Matthew Goldberg Tue, September 3, 2024 Bankrate
Key takeaways
Regulation D sets reserve requirements for banks and credit unions, and it previously limited the amount of certain types of withdrawals and transfers consumers could make to six.
During the coronavirus pandemic, the limitation was lifted.
Some financial firms now allow consumers to make more than six withdrawals and transfers from deposit accounts while others have maintained the pre-2020 rule.
While banks historically limited the number of transactions that customers could make each month in savings and money market accounts, a pandemic-era rule change means you may now have easier access to your funds.
Regulation D, or Reg. D, is a Federal Reserve Board rule that previously limited withdrawals and transfers to six each statement cycle. The Fed revised the rule, but many banks have maintained the six-transaction limit. Others have increased the number of allowable withdrawals and transfers.
What is Regulation D?
Reg. D imposed reserve requirements on a bank’s deposits and other liabilities, with the purpose of implementing monetary policy, according to the Federal Reserve. In March 2020, reserve requirements at banks were reduced to zero percent and they’ve remained at zero for more than three years.
Reg. D also restricted the frequency of certain types of withdrawals and transfers you could make from a savings deposit account during a statement cycle. Banks no longer have to limit the number of certain withdrawals from a savings deposit account to six, but most do still restrict withdrawals on these accounts.
How Has Regulation D Changed?
In April 2020 — as Americans began to navigate the economic fallout from the coronavirus pandemic — the Fed deleted the six certain transfer or withdrawal limits from the definition of savings deposit accounts via an interim final rule.
Some banks took the Fed up on the rule change by eliminating the withdrawal limits. American Express National Bank, for example, previously allowed nine withdrawals per statement cycle, for example. Now, it doesn’t have withdrawal limits on its savings account.
The Fed’s move was termed an interim final rule, which is issued when there’s good cause to skip issuing a proposed rule, says Scott Birrenkott, assistant director of legal at the Wisconsin Bankers Association.
Still, the proposal isn’t yet set in stone.
“The Fed still hasn’t issued a final rule,” Birrenkott says. “So, some banks are still waiting for that final piece to kind of see. I know that some banks are curious whether that might change or something might be reversed, because it can be a big step to adjust all of their policies and procedures.”
Types Of Transactions Impacted By Reg. D
TO READ MORE: https://www.yahoo.com/finance/news/regulation-d-savings-account-withdrawal-195856860.html
More News, Rumors and Opinions Wednesday PM 9-4-2024
TNT:
Tishwash: Al-Sudani's advisor reveals the results of the discussions between the Central Bank of Iraq and the US Federal Reserve
The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, confirmed today, Wednesday, that the renewed understanding with the US Federal Reserve will allow the Monetary Authority to restore an internal banking market, while he indicated that the results of the discussions between the Central Bank and the Federal Reserve are good and consistent with the rules of work, and he pointed out that they will allow for the implementation of a precise path between Iraqi and international banks.
TNT:
Tishwash: Al-Sudani's advisor reveals the results of the discussions between the Central Bank of Iraq and the US Federal Reserve
The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, confirmed today, Wednesday, that the renewed understanding with the US Federal Reserve will allow the Monetary Authority to restore an internal banking market, while he indicated that the results of the discussions between the Central Bank and the Federal Reserve are good and consistent with the rules of work, and he pointed out that they will allow for the implementation of a precise path between Iraqi and international banks.
Saleh told the official agency, which was followed by "Al-Eqtisad News": "We note from the statement of the Central Bank of Iraq that there is optimism about the results of the discussions of its delegation with the Federal Reserve in the United States of America in particular and consultation with the parties of the main banking system in the United States, specifically (the large international banks concerned with international banking operations that cross the markets), and that an advanced model of understandings has been achieved at this stage."
He added, "This came to document the path of steps and banking mechanisms adopted in foreign transfers, especially those related to financing foreign trade for the benefit of the Iraqi market and ensuring a degree of fluidity and high flexibility within the scope of foreign transfer operations and through the effective role that will be played by global correspondent banking entities that enjoy high standards in terms of the strength of compliance, disclosure and governance."
He added, "Such correspondent banking entities across the world will undoubtedly be similar to the 13 private commercial banks referred to in the statement of talks issued by the Central Bank of Iraq, which dealt with the results of the talks between the monetary authorities of Iraq and the United States of America."
He stressed that "this will allow for the implementation of a clear and accurate path in accelerating payment and settlement operations between Iraqi banks and correspondent international banks, as well as the final beneficiary in the trade financing cycle in international trade and exchange areas that Iraq deals with by paying in different reserve currencies," noting that "in addition to the dollar as a payment and settlement currency, other international currencies such as the euro, the pound sterling, and the Chinese yuan will take over the task, down to important stable currencies such as the UAE dirham and the Indian rupee, and that the basis of this coordination with the monetary authorities in the United States comes from the fact that the source of the country's basic reserves before going to diversify with other international currencies is the US dollar itself, which is verified from the oil receipts deposited in the oil dollar currency at the Federal Reserve Bank."
He explained that, "Based on the above, such a renewed understanding according to the roadmap will provide the monetary authority in our country with a clear and highly flexible path to rebuild the domestic banking market on solid reform foundations that are consistent with the standard operating rules adopted in international banking, especially in the matter of building foreign banking relations and the safety of moving money through the global financial and banking systems." link
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Tishwash: Al-Mandlawi discusses bilateral relations, economic and investment opportunities with the UAE ambassador
Acting Speaker of the Council of Representatives, Mohsen Al-Mandalawi, received today, Wednesday, in his private office, the new Ambassador of the United Arab Emirates to Iraq, Abdullah Matar Al-Mazrouei, and his accompanying delegation.
During the meeting, the future of bilateral relations between the two brotherly countries were discussed, and the promising opportunities to advance them in all fields, especially at the economic and investment levels, in a way that achieves the common interests of Iraq and the Emirates, and reflects on the growth and development of the two countries and the well-being of the two dear peoples.
The Acting Speaker of the Council of Representatives congratulated Abdullah Al-Mazrouei, wishing him success in his diplomatic missions on the land of Iraq, while stressing the depth of relations that bind the two brotherly governments and peoples, and the importance of strengthening them by signing bilateral agreements in aspects that concern the two countries. link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...Iraq told us all about how they fully intend to get back the “glory days of dinar” and so...Yes, simply put, they are doing it... at this point the pieces are all aligning so nicely...it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement. You can’t do one without the other... it certainly “is not all done”... the path to the reinstatement is crystal clear... you can see the writing is on the wall. I don’t say this lightly either. We are just about there...
Militia Man Article: "Away from the grey list" Article quote: "Due to the spread of this phenomenon means the Iraqi business environment has become compliant with international standards." They're ready to be Article VIII compliant...To be in compliance you're going to have to have an exchange rate...1310 isn't one of them... This reeks of Article VIII compliance with the IMF, knocking on the door. I think that is powerful.
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Elite Hoarding Gold & Preparing For Debt Collapse | Gregory Mannarino
Liberty and Finance: 9-3-2024
Gregory Mannarino discusses the impending crisis in the debt markets, highlighting a looming correction exacerbated by the current hyperinflation of debt.
He warns that this cycle, where increasing debt demands more currency issuance, is unsustainable and destructive.
Mannarino notes that central banks and wealthy entities are hoarding gold, suggesting they anticipate a severe economic downturn that the public may not fully understand.
He also criticizes current monetary policies and political promises, arguing that they contribute to inflation and erode the financial stability of ordinary people.
Mannarino advocates for a return to constitutional money principles to address these systemic issues and calls for a major public demonstration against the Federal Reserve to raise awareness and push for change.
INTERVIEW TIMELINE:
0:00 Intro
1:58 Economic update
17:20 Inflation & policy inconsistencies
Wednesday Evening News With MarkZ 9-4-2024
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening Mark and mods, hope everyone had a great day.
Member: What do you know today Mark??
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening Mark and mods, hope everyone had a great day.
Member: What do you know today Mark??
MZ: I am getting many reports today that payments have started. Reports that payments are rolling out to groups today….this afternoon…in the last 4 hours or so…... But I am staying calm because I have not been able to prove it yet. But I am looking for proof that this is accurate.
MZ: I am hearing this from any different sources….IF this is accurate…in the next day or two-you and I should find out when we can go in and exchange our currency. IF THIS IS ACCURATE.
MZ: I am getting blown up with contacts saying they have let things go. I have no idea if this is accurate or not. I cannot find anybody with cash in hand. I have heard this from a number of sources. I bet the dinar boards are exploding today. We are in hope that this is accurate.
MZ: STAY CALM….I am really trying to stay calm as well.
Member: JENTEL: said same thing with Mike Bara today!!
Member: I hope it's accurate. Them 2 nickels I been rubbing together 'bout wore out...
Member: I hope that what you are hearing MarkZ pans out!!!
Member: Stay grounded and focus on the $$ system being returned to all people
Member: Fiat money eventually returns to its intrinsic value - zero.
Member: If they are going through the levels before us, I would not be surprised for it to take a week or even two… think about it, no matter how many profess it will be all going at the same time, … That really wouldn’t be physically possible… My personal guess, maybe they get all of us through our appointments, so we All see the amount we will receive, then Release it All at the same time…
Mnt Goat ...Iraq told us all about how they fully intend to get back the “glory days of dinar” and so...Yes, simply put, they are doing it... at this point the pieces are all aligning so nicely...it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement. You can’t do one without the other... it certainly “is not all done”... the path to the reinstatement is crystal clear... you can see the writing is on the wall. I don’t say this lightly either. We are just about there...
MZ: That may be the best message from Mnt Goat yet….It’s spot on …They have told us over and over again…..raise the vale, release the lower denoms , and get rid of the 3 zero notes.
Member: Mongolia is going to BRICS! That Tugrik may be worthwhile to add to the currancy pile?
Member: Turkey is going as well…..BRICS is growing by leaps and bounds….
Member: Thanks everyone ….God Bless
Mod: THANK YOU, MARK AND COMM FAMILY!! WE WILL SEE ALL OF YOU AT 10:00 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST... OR AT W&W TONIGHT AT 8:00 PM EST.
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!
Bruce’s Big Call Dinar Intel Tuesday Night 9-3-24
Bruce’s Big Call Dinar Intel Tuesday Night 9-3-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight – it is Tuesday September 2nd and you’re listening to the Big Call - Thanks everybody for tuning in all over the globe, wherever you're listening from, and we thank you for being here for quite some time now. We're in our 13th year, and we just are just, we're just kind of like the Energizer bunny - We just keep on going. And whereas we don't expect to be here much longer, with a live call – here we are tonight - let's do this. Let's go ahead and pray the call in.
All right, guys, let's talk about where we stand in the Intel stage right now. Boy, last couple days, especially today, was really interesting because we were fairly quiet most of the day. A lot of the people that we go to or that we know of that are even tier three bond holders, were not getting their phone calls answered and they weren't getting calls callbacks to them either. And that's unusual.
Bruce’s Big Call Dinar Intel Tuesday Night 9-3-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight – it is Tuesday September 2nd and you’re listening to the Big Call - Thanks everybody for tuning in all over the globe, wherever you're listening from, and we thank you for being here for quite some time now. We're in our 13th year, and we just are just, we're just kind of like the Energizer bunny - We just keep on going. And whereas we don't expect to be here much longer, with a live call – here we are tonight - let's do this. Let's go ahead and pray the call in.
All right, guys, let's talk about where we stand in the Intel stage right now. Boy, last couple days, especially today, was really interesting because we were fairly quiet most of the day. A lot of the people that we go to or that we know of that are even tier three bond holders, were not getting their phone calls answered and they weren't getting calls callbacks to them either. And that's unusual.
Some of these guys are players, and it's always interesting when people like that don't get called back, or don't get through when they're trying to call a person.
This is because of the this is because of the NDAs that people are under, especially people tied to the bank and redemption centers, pay masters or the bond holders. All of that stuff is getting tighter and tighter now, every once in a while, we get a nice burst of information from one or two sources.
And this was a little different today, a little bit of a challenge. So previously to today, we were in the understanding as of yesterday, which was Monday, which was a holiday, right? It was Labor Day here in the United States.
But what we were getting was that we would get notified either of these two scenarios, either notified today and start exchanges Wednesday, which is tomorrow, or get notified Wednesday and start exchanges Wednesday. Well, we didn't get notifications today, so the second half of that notified Wednesday morning and starting exchanges on Wednesday is in play. It's in play.
It doesn't mean it's absolute, but it is the other information that we did receive yesterday. Now as far as today is concerned, bondholders are in some here's a scenario. In some cases, in some cases, they have received emails from three different banks, and those three banks are telling them they can look into their accounts and see the funds in those accounts.
But if they if they needed one more email, which some of them do, that I'm aware of, they need one more email from a specific bank. Then until they receive that email from that bank, they can't gain access to any of their funds until that happens. So they are on hold in a shotgun start like we are on hold for our shotgun, start until we get a toll free number to call to get our appointments set.
So I'm looking forward to something happening tomorrow, hopefully that'll take place. Other side of it, we talked last time, I believe it was due, was last Thursday, about AI being used for the call centers that we dial when we do get the 800 numbers - And so here's kind of how I'm hearing that it's going to go.
So if we get an AI voice, we're all used to that now. Anyway, we enter in the information that the voice asks for, and then when we get our zip code entered and all that, when we get enough information, we will be transferred to a live, real person at the redemption center that is closest based on our zip code.
So when you put your zip code in, put it in either based on where you go or based on where you work, or based on where you plan to exchange. Okay, put that zip code in so that it'll direct you to that redemption center that is closest to your zip code. Okay, that you have entered
That's a nice little added piece we got. And of course, I would much rather talk to a live person at the redemption center where I plan to go, because it's very possible that same person will be greeting you at the redemption center and helping you with your redemption of zim and your exchange of currencies.
If you have bonds other than the Zim bond, which we talked about as being redeemed, if you have sheet bonds, bring those let them know when you call to set your appointment at the redemption center level.
Or they may ask you this. The AI person may ask you that as well, have sheet bonds. If that applies to you, let them know, because they're going to allow a little bit more time for your appointment.
Because that's fact and its very important that you let them know exactly what you have so that they will allow enough time your full appointment.
They want us in and out, overall average, in 25 to 35 minutes. I think some people it's going to be a real challenge, but most of us this is probably can get in and out in 2535 minutes, and then, and that's quite a few steps That is lot of steps.
When I went to set up a certain bank, I think it took us an hour and a half set up one account. So I don't know about the world, with everything we've got, how we can get in and out of there in 25 to 35 minutes, but we'll see they have been practiced and practiced on doing these and working with the do that we machine. And I think it's going to be fun. It will be fun at some level.
We will learn, and it'll be a fun experience, open. And I think you'll be hopefully thrilled with what happens when you walk out of the redemption center.
Redemption center not bank, because we know that our rates are going to be much higher on certain currencies at redemption center, for example, no zim will be redeemed at any bank only the redemption centers with the toll free number, they will offer you a contract rate which is quite high on the dinar.
They will offer you that, and that's a positive win/win - win for the bank or for the redemption center that is backed by Wells Fargo, and also for you and also for the country. So it's a win and win for everybody. But don't forget that. Let's see what else tonight.
I'll tell you. I think everything is pointing toward this going still this week, and it's only Tuesday. I'm hoping tomorrow's our day to get everything done, everything meaning, get our numbers - set our appointments - start exchanges, and we're out of there.
Now this is really going to be good.
Shall I touch on the Med beds? Med beds are primarily ready to go in anywhere from five to seven days after we exchange, depending on your situation, they are giving precedent preferential treatment - Let's call it - to Zim holders that have projects that plan to go two or 300 years to completion - or longer, and they also have and people that are in dire need, people that are really in bad shape, and they need that bed to get completely restored.
You let them know, if that's you, you let them know that when you go into the redemption center to an elkia, stroke battle. Let me know that you are one of those people.
Beyond that, is there anything else? I think, you know guys, it's been a long ride. We don't know if we're in our let me give you a little bit more information.
Some of you may have experienced things at your bank that are unusual or somehow wrong. What's going on with bank? Some deposites are not giving you full access to your deposit, as you are used to, the quantum financial system is fully connected, but some banks are kind of wrestling with it a little bit.
So I've heard of a couple things happening – I heard that. Wells, as far as I've heard, something's happening at Chase - I can't verify that as being real, but I know that the banks are doing their best. Now I will say this. We have heard in the last few days that several banks have had major arrests going on in their banking system across the country.
I don’t know if It's just a couple of different banks, or all the banks, but they're, they have signs up that they're hiring branch managers, wealth managers, tellers, all of that, new people, new blood.
So that's very interesting to me, especially at this time when everything should be set, redemption centers are fully staffed and so on, and we're looking forward to getting in and working with these redemption centers and getting everything that we need done, and if we need to Come back to set up additional accounts for our trust or our LLCs. In my case, we can do that. We can come back and do that maybe a few days later.
So that's what I wanted to share with you guys tonight. so let's pray the call out, Well, good night everybody. Thank you Sue. Thank you Bob. Thank you. GCK, thank you Pastor Scott and Jeannie, and also, much healing to you, continuing healing, Pastor Scott and also thank you satellite team getting the call out around the globe with the Starlink satellite system. Thank you for that, and appreciate everything you're doing. Thank you big call universe for listening. Thank you for tuning in. I appreciate you. We appreciate you. God bless you all, everybody.
Bruce’s Big Call Dinar Intel Tuesday Night 9-3--24 REPLAY LINK Intel Begins 1:04:04
Bruce’s Big Call Dinar Intel Thursday Night 8-29-24 REPLAY LINK Intel Begins 1:10:50
Bruce’s Big Call Dinar Intel Tuesday Night 8-27-24 REPLAY LINK Intel Begins 1:19:19
Bruce’s Big Call Dinar Intel Thursday Night 8-22-24 REPLAY LINK Intel Begins 1:32:32
Bruce’s Big Call Dinar Intel Tuesday Night 8-20-24 REPLAY LINK Intel Begins 1:00:25
Bruce’s Big Call Dinar Intel Thursday Night 8-15-24 REPLAY LINK Intel Begins 57:00
Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24 REPLAY LINK Intel Begins 1:14:14
Bruce’s Big Call Dinar Intel Thursday Night 8-7-24 REPLAY LINK Intel Begins 1:08:40
Bruce’s Big Call Dinar Intel Tuesday Night 8-6-24 REPLAY LINK Intel Begins 1:05:40
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-4-24
Good afternoon Dinar Recaps,
US CFTC Issues Order for Uniswap (UNI)
▪️CFTC issued an order for Uniswap, demanding a $175,000 fine.
▪️Uniswap allegedly violated the Commodity Exchange Act.
▪️UNI Coin price fluctuated due to regulatory uncertainties.
SEC, known for its aggressive lawsuits regarding cryptocurrencies, is not the only regulatory body in America. CFTC also takes action by detecting violations in the futures market. Just now, the institution issued an order for Uniswap, demanding a $175,000 fine and cessation of the violation.
Good Afternoon Dinar Recaps,
US CFTC Issues Order for Uniswap (UNI)
▪️CFTC issued an order for Uniswap, demanding a $175,000 fine.
▪️Uniswap allegedly violated the Commodity Exchange Act.
▪️UNI Coin price fluctuated due to regulatory uncertainties.
SEC, known for its aggressive lawsuits regarding cryptocurrencies, is not the only regulatory body in America. CFTC also takes action by detecting violations in the futures market. Just now, the institution issued an order for Uniswap, demanding a $175,000 fine and cessation of the violation.
Uniswap (UNI) and CFTC
Uniswap, one of the largest DeFi platforms, is currently supported by Uniswap Labs. According to the CFTC, the DeFi platform allows leveraged trading without permission, violating regulations.
Therefore, it must pay a $175,000 fine and cease violating the Commodity Exchange Act (CEA).
CFTC Enforcement Director Ian McGinley said:
“Today’s action once again shows that the Enforcement Division will vigorously enforce the CEA as digital asset platforms and DeFi ecosystems evolve. DeFi platforms must ensure their services comply with the law.”
The UNI Coin price fell below $6.2 and then returned to $6.45. Uncertainty about compliance and whether US citizens will be restricted from accessing the protocol may increase volatility in the coming hours.
@ Newshounds News™
Source: Coin-Turk
~~~~~~~~~
BRICS NEWS: BLOCKCHAIN PAYMENT SYSTEM SET FOR OCTOBER ANNOUNCEMENT—POTENTIAL XRP INTEGRATION HIGHLIGHTED
▪️ BRICS Pay platform to launch at the 2024 BRICS Summit aims to reduce reliance on the U.S. dollar in global finance.
▪️The platform could challenge Western financial systems like SWIFT.
The BRICS economic alliance is gearing up for its 2024 Annual Summit, where the much-anticipated BRICS Pay platform, a payment system based on blockchain, is expected to take center stage. The platform was unveiled earlier this year. It is likely to threaten the current financial order and promote the group’s de-dollarization policy.
BRICS Pay is a new payment system using blockchain technology. It is intended to help the BRICS countries minimize their reliance on the US dollar in international trade.
Additionally, the platform will intend to enable efficient interactions among member countries and may provide a solution to the US-dominated SWIFT payment system.
Russia Pushes for Cryptocurrency and Blockchain Solutions
The system’s development also coincides with the increasing tension between Russia and the West, especially regarding sanctions and financial measures.
Consequently, Russia has paid more attention to cryptocurrencies and blockchain technology. The BRICS Pay platform is integral to this approach as it can facilitate the use of local currencies and strengthen the economic relations between the BRICS countries and their partners.
The BRICS Pay is in line with the bloc’s objective of decreasing the use of the US dollar in international trade and finance. The data from the Atlantic Council’s Dollar Dominance Monitor shows that the dollar’s global reserve status declined to 58 % in 2024 from 72% in 2002. This decline underlines the continuing process of de-dollarisation, which BRICS Pay predicts will strengthen.
Yury Ushakov, an assistant to the Russian president, told the state media how important the BRICS Pay project is for the future. The platform will use digital and blockchain technologies to establish a reliable and effective payment system to facilitate the bloc’s economic agenda.
The platform’s potential extends beyond the BRICS countries, as other Global South nations could use it as a reference to reduce their dependence on the US dollar and strengthen their national currencies.
This means that BRICS Pay can also provide much-needed competition to the SWIFT system and also promote the economic cohesion of the developing world.
Platform Extends Influence Beyond BRICS Nations
The planned launch of BRICS Pay at the 2024 Summit has major strategic implications.
It is a milestone toward the financial emancipation of the BRICS and other emerging economies from the current global order. As a blockchain solution for transactions, BRICS Pay can challenge Western financial organizations and enhance the role of BRICS countries in the world.
Furthermore, the platform’s development correlates with Russia’s current interest in cryptocurrencies and digital currencies. Russia recently revealed plans to create two crypto exchanges, and stablecoins pegged to the Chinese yuan and other BRICS currencies.
Notably, Turkish President Recep Tayyip Erdogan will be attending the BRICS summit in Kazan, Russia, from October 22 to October 24. Turkey’s interest in BRICS aligns with its broader foreign policy strategy, which aims to balance relations between the East and West.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
SPREADING USD-PEGGED STABLECOINS—TRUMP-BACKED DEFI PROJECT REVEALS ‘TRANSFORMATIVE’ PLANS
Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission, aiming to clear the air.
World Liberty Financial Defends Mission and Security After Facing Scrutiny
World Liberty Financial (WLF), a decentralized finance (defi) project associated with Eric Trump and Donald Trump Jr., recently released new information about its plans.
The project, shrouded in speculation, was called a “digital real estate” venture by Eric Trump during an interview, the son of former President and 2024 Republican candidate Donald Trump.
In its latest announcement, WLF emphasized its partnership with several prominent security firms, including Zokyo, Fuzzland, and Peckshield, to ensure the safety of its platform.
While WLF claims to differentiate itself from other projects by collaborating with the decentralized finance (defi) protocol Aave, rather than forking it, details about the project’s specifics still remain scarce.
The project’s messaging focuses on advancing the mass adoption of stablecoins pegged to the U.S. dollar.
The team behind WLF asserts that their project is critical to maintaining the U.S. dollar’s global dominance, particularly as rival countries seek alternatives to the currency.
“By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’s dominance continues, securing America’s financial leadership and influence on the global stage,” the WLF X account stated.
However, despite these ambitions, skepticism persists. There’s been a number of people who believe the project may fall prey to hackers and some think WLF is just going to launch its own WLF crypto coin. Bitcoin proponent Nic Carter asked on X if there was something that the crypto community could collectively do to “stop the launch of world liberty coin.”
Carter added, “I think it genuinely damages Trump’s electoral prospects, especially if it gets hacked (it’ll be the juiciest defi target ever and it’s forked from a protocol that itself was hacked). However, the WLF project’s organizers wholeheartedly believe that WLF’s impact will soon be clear.
“To those who are skeptical or listening to the noise: our plan will speak for itself,” WLF’s thread concluded. “The brightest minds in crypto are backing us, and what’s coming will make all doubters think twice.”
What do you think about the Trump-associated defi project WLF? Share your thoughts and opinions about this subject in the comments section below.
@ Newshounds News™
Source: Bitcpin News
~~~~~~~~~
Bob Lock on Building Teams andThe RV | Youtube
@ Newshounds News™
Source: Currency Facts
~~~~~~~~~
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“Tidbits From TNT” Wednesday 9-4-2024
TNT:
Tishwash: With the participation of 150 international companies... Basra International Exhibition activities start today
Basra International Fair activities kick off today, Wednesday, with wide Arab and foreign participation and will continue for 15 days on the exhibition grounds.
Osama Majeed, the Public Relations and Media Officer at Dar Al-Faihaa Company, the organizer of the exhibition, told the National Iraqi News Agency / NINA / that the exhibition is attended by 150 companies from 12 Arab and foreign countries and will continue for 15 days starting from today, Wednesday, September 4, until the 18th of the same month.
TNT:
Tishwash: With the participation of 150 international companies... Basra International Exhibition activities start today
Basra International Fair activities kick off today, Wednesday, with wide Arab and foreign participation and will continue for 15 days on the exhibition grounds.
Osama Majeed, the Public Relations and Media Officer at Dar Al-Faihaa Company, the organizer of the exhibition, told the National Iraqi News Agency / NINA / that the exhibition is attended by 150 companies from 12 Arab and foreign countries and will continue for 15 days starting from today, Wednesday, September 4, until the 18th of the same month.
Majeed added, "Companies from Egypt, Jordan, Lebanon, Palestine, Yemen, Syria, the pavilion of the Islamic Republic of Iran, Pakistan, India and Turkey are participating in the exhibition, in addition to wide participation from the Iraqi national product, which is participating with several products related to food, household and cleaning materials, indicating that the exhibition receives its visitors from three in the afternoon until midnight. link
Tishwash: Al-Mandlawi: Stable security situation is sufficient to proceed with serious partnerships for the economic sector
Acting Speaker of Parliament Mohsen Al-Mandalawi confirmed today, Tuesday, that the stability of the security situation is sufficient to proceed with serious partnerships in the economic sector.
The media office of the acting Speaker of the Council of Representatives stated in a statement received by the Iraqi News Agency (INA), that "Mohsen Al-Mandalawi received at his residence the British Ambassador to Iraq, Stephen Hitchcock, and the meeting discussed the most important developments in the region and the world that are of common interest."
According to the statement, Al-Mandalawi called for "the necessity for the European Union, international powers and global organizations to assume their responsibilities in stopping the genocide against our Palestinian people in Gaza," stressing that "the stability of the region has become almost impossible in light of the presence of this usurping entity."
The statement added that "the acting Speaker of the Council stressed the importance of strengthening bilateral relations in a way that achieves mutual benefit and common interests between the two countries," noting that "the security and political stability witnessed by the country is sufficient to move towards serious partnerships and agreements and effective cooperation in the economic and commercial fields."
He explained that "the legislative authority supports the government's orientations aimed at establishing balanced relations with the Arab, regional and international environment in accordance with the principles of mutual respect and in a manner that preserves the security, stability and sovereignty of Iraq."
For his part, the British Ambassador expressed his country's "desire to strengthen relations of cooperation and friendship with Iraq and support it in the sectors of economic and social development, construction and reconstruction." link
*******************
Tishwash: Has Iraq entered the economic reform phase after Standard & Poor's classification?
Economists considered that Iraq has entered a new phase in the Standard & Poor's classification of investment grade bonds if their credit rating is B- or higher. As for bonds with a rating of B+ and below, they are speculative grades and are classified as meaningless bonds.
Credit rating
In detail, the Ministry of Finance said that Iraq maintained its credit rating issued by Standard & Poor's Credit Rating Agency.
According to a statement by the ministry: “In the latest report issued by Standard & Poor’s Credit Rating Agency “S&P”: Iraq maintains its credit rating at B-/B with a stable outlook,” referring to “financial and economic stability in Iraq.”
He explained that “the new classification reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices.”
The statement pointed out that the agency saw "the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's general financial revenues, oil and non-oil, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures."
Debt repayment
Standard & Poor's is a company that assigns credit ratings, which determine a debtor's ability to repay debt by making timely payments of principal and interest and the likelihood of default. The agency may rate the creditworthiness of issuers of debt obligations, debt instruments, and, in some cases, of underlying debt servicers, but not of individual consumers.
Debt instruments rated by credit rating agencies include government bonds, corporate bonds, certificates of deposit, municipal bonds, preferred stocks, and secured securities, such as mortgage-backed securities and collateralized debt obligations.
Issuers of obligations or securities may be corporations, special purpose entities, state or local governments, nonprofit organizations, or sovereign nations. Credit ratings facilitate the trading of securities in a secondary market. They affect the interest rate a security pays, with higher ratings resulting in lower interest rates.
Individual consumers are rated for creditworthiness not by credit rating agencies but by credit bureaus (also called consumer reporting agencies or credit reference agencies), which issue the credit rating.
Consultative meetings
And on Iraq’s openness to the Arab world and Prime Minister Mohammed Shia al-Sudani’s Arab tours and their impact: “The director of the Iraq Energy Center, Furat al-Moussawi, said: “This visit comes as a continuation of the previous tripartite consultative meetings between “Jordan, Iraq and Egypt”, within the framework of strategic economic agreements of interest to the countries involved, which will have positive repercussions for the stability of the countries of the region.
Al-Moussawi told the Iraq Observer Agency that the meeting was held to follow up on the projects that had been previously agreed upon, which include areas of investment cooperation in energy, housing, agriculture and reconstruction.
He pointed out that Iraq seeks to discuss the prospects of joint cooperation between the two brotherly countries, and ways to strengthen relations at various levels and fields, in a way that serves the interests of the Iraqi and Tunisian peoples.
He continued: “Al-Sudani, through the delegation participating with him, which includes the Ministers of Foreign Affairs, Oil, Electricity, Planning, Housing and Reconstruction, invited Tunisian companies to participate in investment projects and opportunities and build infrastructure in Iraq, and the importance of economic integration and the success of the upcoming meetings of the Iraqi-Tunisian Committee in Baghdad.
He pointed out: "Al-Sudani's government seeks to open up to its Arab surroundings to restore Iraq's pivotal and strategic role in the region, and this openness has become a vital strategic interest that enables Iraq and the countries of the region to overcome their economic crises through economic integration with their regional surroundings."
He added: One of the most important goals of Al-Sudani's visit is to try to unify the decision-making unit on the Palestinian issue and on ending the war in Gaza in order to restore security stability in the region, which is now threatened with explosion at any moment as a result of the escalation of geopolitical risks due to the criminal actions of the Israeli entity.
Exchange rate stability
In the capital Baghdad markets The exchange rate of the US dollar stabilized against the Iraqi dinar this morning in the Baghdad markets, while the prices came as follows:
The selling price is 150,250 dinars, while the purchase price was 148,250 dinars for every 100 dollars.
Iraq exports
The US Energy Information Administration also announced a decline in Iraq's oil exports to the United States during the past week.
The administration stated in a table that “the average US imports of crude oil during the past week from 9 major countries amounted to 5.608 million barrels per day, an increase of 156 thousand barrels per day from the previous week, which amounted to 5.452 million barrels per day.”
She added that "Iraq's oil exports to America amounted to 153 thousand barrels per day last week, down by 13 thousand barrels per day from the previous week, which amounted to 166 thousand barrels per day."
The administration indicated that “the largest oil revenues for America during the past week came from Canada at a rate of 3.874 million barrels per day, followed by Mexico at an average of 619 thousand barrels per day, then Saudi Arabia at an average of 311 thousand barrels per day, from Brazil at an average of 302 thousand barrels per day, and from Colombia at an average of 212 thousand barrels per day.” link
Mot: and Once Again!!! -- I Finded another ""Truther"" on da Net!!!
Mot: .. Knows How to Keep it Simple!!!
Ariel and MikeCristo8 “Markets, LIBOR and SOFAR” 9-4-2024
Ariel: The Market Downturn: What can we expect?
Increased market volatility in the short term
Potential for further corrections in various market sectors
News coverage focusing on economic concerns and market analysis
Possible adjustments in interest rates by central banks
Fluctuations in commodity prices, including oil and precious metals
Ariel: The Market Downturn: What can we expect?
Increased market volatility in the short term
Potential for further corrections in various market sectors
News coverage focusing on economic concerns and market analysis
Possible adjustments in interest rates by central banks
Fluctuations in commodity prices, including oil and precious metals
Increased discussion about recession risks and economic indicators
Potential changes in consumer spending patterns
Companies may announce cost-cutting measures or revised earnings forecasts
Increased focus on “safe haven” assets like government bonds
Possible currency fluctuations, especially involving the US dollar
Discussions about potential government interventions or policy changes
Reassessments of investment strategies by financial advisors
Increased importance of diversification in investment portfolios
Potential opportunities for long-term investors in undervalued stocks
Heightened attention to company fundamentals rather than speculative investments
This means their system is failing. The ponzi scheme has run its course. We will be on the other side of this soon. And if you are an early adopter of certain currency you will make it on the other side of this with a much bigger pool of paperbacks. We have so much to look forward to.
The Federal Reserve is in its final days. So we should be embracing a new way of dealing with financial matters that doesn’t include inflation, interest, rate hikes, fees, taxes, etc. We have been under this c*****t system long enough and it has only brought misery.
++Over $1.05 trillion was wiped out from the US stock market today ++
Source(s):
https://x.com/Prolotario1/status/1831108651245007204
https://x.com/Prolotario1/status/1831111633961152919
https://dinarchronicles.com/2024/09/03/ariel-prolotario1-the-market-downturn-and-what-we-can-expect/
MikeCristo8: LIBOR Ends, Dollars Now Indexed to SOFR, Basel III Starts October 1
LIBOR officially ended today.
Dollars are now indexed to SOFR.
Basel 3 starts October 1.
Do you all see where the Fed is going here?
When Basel 3 kicks in next month.
Japan will forced to massively sell dollars.
And raise interest rates.
Are you ready for what’s coming?
Why are big U.S. banks deleveraging their balance sheets?
It’s the end of LIBOR people.
Eurodollar bonds are taking a big s**t.
Affecting U.S. stocks.
The Fed wants to end the ECB.
And no they aren’t cutting rates.
When Japan raises rates.
S**t really will go down.
Before the e******n.
Jerome Powell will not save you this time.
Few understand this.
The Federal Reserve is in its final days.
The stock market collapse.
Please understand what’s going on people.
LIBOR vs SOFR
The City of London and Brussels.
Borrowed 10’s of trillions in Eurodollars at the London LIBOR rate from U.S. banks (it’s more likely it’s over $100 trillion).
Now as of today the *borrowed Eurodollar’s are not indexed to LIBOR but now have SOFR indexing.
This is causing those bonds in the ECB and the national central banks in the E.U. to be massively sold back those Eurodollars to the G-SIB banks from which they came from. (Derivatives).
This is leading to the 50% stock collapse that will likely happen before November.
Then you have Basel 3 kicking in on October 1.
U.S. Treasury bonds no longer meet collateral requirements for G-SIBs starting Oct 1
It’s all coming down now.
Source(s):
https://x.com/MikeCristo8/status/1830778771508748742
https://x.com/MikeCristo8/status/1830810784836001864
https://x.com/MikeCristo8/status/1831037386215817643
https://x.com/MikeCristo8/status/1831096162126070047
https://x.com/MikeCristo8/status/1831117401955697015
https://x.com/MikeCristo8/status/1831128613481267283