Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Sunday 9-29-2024

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 Sun. 29 Sept. 2024

Compiled Sun. 29 Sept. 2024 12:01 am EST by Judy Byington

Timing:  (Opinions/Rumors)

On Tues. 1 Oct. 2024 the gold-backed Chinese Yen will (allegedly) replace the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar will cease to exist because it has no value and cannot be used for international trade.

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 Sun. 29 Sept. 2024

Compiled Sun. 29 Sept. 2024 12:01 am EST by Judy Byington

Timing:  (Opinions/Rumors)

On Tues. 1 Oct. 2024 the gold-backed Chinese Yen will (allegedly) replace the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar will cease to exist because it has no value and cannot be used for international trade.

On Tues. 1 Oct. the US Inc. Corp. fiscal year ends; has not (allegedly) been funded by Congress for the next fiscal year and thus will be forced to close down, ending the fiat monetary system.

On Tues. 1 Oct. all banks worldwide not Basel III Compliant (have gold backed currency) (allegedly) will be closed.

On Tues. 1 Oct. the Quantum Financial System Global Currency Reset activates with at least 144 countries currencies (allegedly) being gold/asset-backed and trading at a 1:1 with each other, which means that NESARA/ GESARA also activates across the World.

On Tues. 1 Oct. LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks.

On Tues. 1 Oct. the new United States of America Republic will(allegedly)  start its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

On Tues. 1 Oct. 2024 workers at major ports on the East and West Coasts plus in Canada will go on strike, severely disrupting the supply chain. Stock up on goods.

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Global Currency Reset: (Opinions/Rumors)

Fri. 27 Sept. 2024 TNT Tony:

On Thurs. 26 Sept. Bank managers received memos stating that the currency event has finally been finished. Finished, done, over with it. It went from the director level down to bank managers that got memos. Now we are just waiting to go. This should not happen until after 5pm.

Some think it will be Saturday morning. Just remember that Iraq wants it by the 30th and the UN wants it on the 1st. Tony doesn’t know who won. They told us that it is done, it is fixed, they told their people it is finalized, and once we see the rates we will be going to the bank. Somewhere starting after 5 this afternoon and no later than Tuesday morning will see it live and be going to the bank.

They are supposedly ready, staffed, have their schedules worked out, and they are just waiting to go when the numbers come up on the screen. It makes sense for us to see this Monday night, it satisfies what everyone wants, and we would be at the banks Tuesday morning. Everyone is kind of excited again.

We are in our last 48 to 72 hours. It is sitting at the bank level. There is no more waiting for Iraq, IMF, or UST because it is done. They have given the banks the green light. The systems are now fixed or supposedly will be fixed. The only thing they are waiting on is the 800 number and Tony won’t get the 800 hundred numbers until the rates come back up.

There really isn’t anything bad but Iran could do something s****d to flare up the middle eastern. If it happens before we do our part, then it is up in the air. The good thing is it is done, there is money, and it could happen for us. Be ready.

Sat. 28 Sept. 2024: Vietnam and Zimbabwe Forge Ahead in the Global RV Movement and Redemption Center – BOOM! The Intrigue of the $100T Zim Bonds: Unmasking the Secrets of the Redemption Center – amg-news.com – American Media Group

Strategic Financial Reforms and Technology Upgrades: Financial systems worldwide are undergoing covert overhauls to accommodate the new QFS (Quantum Financial System), which promises transparent and instantaneous financial transactions globally.

This system is rumored to include advanced blockchain technology with quantum resistance, ensuring that financial assets are protected from both c********n and technological threats. In parallel, central banks are reportedly recalibrating their reserves to align with new standards that will support the redistribution mandates under GESARA.

Massive Military Coordination for Asset Protection: Concurrently, there is a significant uptick in military activity across key strategic locations globally. The United States, in collaboration with NATO allies, has initiated movements near major financial centers and critical infrastructure locations.

The purpose of these deployments is dual: to safeguard the physical and digital assets that will soon be redistributed to the public and to deter any attempts by the old guard to obstruct the wealth transfer process.

Global Financial Crisis:

Sat. 28 Sept. 2024 Basel III Endgame: The Final Push for Banking Stability …Army Girl on Telegram

The Federal Reserve just dropped some serious news: Starting October 1, large banks must meet new individual capital requirements. These requirements are all about making sure banks have enough liquidity to weather financial storms. But there’s more to the story, and it’s all tied to Basel III and the Bank for International Settlements (BIS).

Basel III Endgame is a global regulatory framework that aims to strengthen bank capital requirements, ensuring banks have enough high-quality capital (like cash and government bonds) to cover potential losses. The BIS, the central bank of central banks, has been guiding this framework, making sure banks worldwide meet minimum liquidity standards. Why? To prevent another 2008 financial crisis.

But here’s the kicker: if banks fall short of these capital requirements, they face automatic restrictions on dividends and bonus payments, and worse—could trigger a loss of confidence leading to a potential bank run.

The Fed’s latest move is part of this broader push to ensure stability. Each bank’s capital requirement is based on rigorous stress tests, considering everything from economic downturns to operational risks. But what happens if a bank doesn’t have enough liquidity? We could see panic, withdrawals, and potentially a domino effect that hits the entire financial system.

As we edge closer to the Basel III Endgame, the stakes are higher than ever. Understanding these changes isn’t just for bankers—it’s crucial for anyone invested in the financial future.

Read full post here:  https://dinarchronicles.com/2024/09/29/restored-republic-via-a-gcr-update-as-of-september-29-2024/

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

Frank26   Sudani went all around the world visiting many countries and their banks inviting them to invest in Iraq.  In that time the dinar went international.  He showed it to them.  That's why there is so much financial structure pouring into [Iraq]...Economic reform is about to explode even more than it already has...

MarkZ and Militia Man  [via PDK]  Militia Man: ...Iraq has done so much work and we all know Al Sudani was just in New York again at the US assembly. He also had sideline meetings and had his speech and returned home yesterday...With Sudani back now…why couldn’t it happen at any time? To me there is no reason it could not happen at any time.  MarkZ:  I agree. He’s done the victory tours, he has told the world they are restored and fully international. …Time to see the fruit of his labors.  I wouldn’t be surprised to see my phone blowing up this weekend with the news that it has happened.

Currency Talk COP / IQD / BRL / USD Rates and News

Edu Matrix:  9-29-2024

Currency Talk COP / IQD / BRL / USD Rates and News- What Makes These Currencies Unique?

 https://www.youtube.com/watch?v=E2vmCrasYME

No Pressure, But If You Stop Spending, the Economy Might Collapse

Taylor Kenny:  9-29-2924

With U.S. consumers maxed out on credit and savings at an all-time low, Taylor Kenney breaks down the alarming trends in the economy and why it's crucial to prepare now. Learn how inflation, debt, and government spending are impacting your financial future.

https://www.youtube.com/watch?v=zvH9mlojavg

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Can I Deposit This Money Legally?

 Can I Deposit This Money Legally?

Christy Bieber  Sat, September 28, 2024 Moneywise

I lost faith in banks in 2009 — now I have $650K in cash sitting in a safe. Can I deposit this money legally?

Anyone who lived through the Great Recession remembers the tremendous economic turmoil that took place.  Banks had made mortgage loans to unqualified borrowers, bundling those loans into mortgage-backed securities that were sold to investors. The entire house of cards collapsed as home prices began to fall and interest rates began to rise. Several major banks failed, the government was forced to bail out more and the stock market plummeted.

While the economy eventually recovered, many people became wary of financial institutions — with some people worried enough to withdraw their funds from banks and brokerage firms entirely.

Can I Deposit This Money Legally?

Christy Bieber  Sat, September 28, 2024 Moneywise

I lost faith in banks in 2009 — now I have $650K in cash sitting in a safe. Can I deposit this money legally?

Anyone who lived through the Great Recession remembers the tremendous economic turmoil that took place.  Banks had made mortgage loans to unqualified borrowers, bundling those loans into mortgage-backed securities that were sold to investors. The entire house of cards collapsed as home prices began to fall and interest rates began to rise. Several major banks failed, the government was forced to bail out more and the stock market plummeted.

While the economy eventually recovered, many people became wary of financial institutions — with some people worried enough to withdraw their funds from banks and brokerage firms entirely.

If you're one of those people and have been hoarding cash since the Great Recession, you've sadly missed out on the chance to benefit from years of economic growth. While the average closing price for the Dow Jones Industrial Average was around $8,886 in 2009, the average in 2023 was $34,122, and has continued to rise in 2024.

For those who want to get in on the gains, it may be time to make a change. However, you'll need to understand the rules for doing so.

How To Deposit A Large Sum Of Money

If you've amassed a large sum of money at home instead of putting cash in the bank, you may be wondering if it's even possible to deposit it once you've had a change of heart.

The answer is yes, but there are some caveats.

Specifically, when you deposit over $10,000, your bank is required by the Bank Secrecy Act to report it to the Financial Crimes Enforcement Network. Your bank may ask some personal questions, including why you're depositing such a large sum, so you must be prepared to answer them.

To be clear, if you've done nothing wrong, earned the money legitimately and paid taxes on it, this reporting requirement shouldn't worry you. You just need to know about it so you aren't caught off-guard by the bank's queries.

What you don't want to do, though, is break up your big deposit into a series of smaller ones to evade reporting rules. This is called “structuring” and it's illegal even if you earned the money legitimately.

It’s also a good idea to call the bank in advance of making a large deposit. Showing up with $650,000 in cash could cause problems if the financial institution isn't prepared to handle that much all at once. Your bank can work with you to find a safe way to deposit the money.

You should also be aware that the Federal Deposit Insurance Corporation only insures up to $250,000 per person, per account, so simply depositing $650,000 into a bank account may not be the best move. You may want to put some money into different savings accounts or buy Certificates of Deposit or other investments with it so you don't risk losing funds above $250,000 if another bank collapse happens sometime in the future.

TO READ MORE:  https://www.yahoo.com/finance/news/lost-faith-banks-2009-now-115000682.html

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Sunday Morning 9-29-2024

TNT:

Tishwash:  The expected path of the Iraqi economy

Yasser Metwally

The expectations of economists and those interested in economic affairs, including me, are based on the indicators that appear on the ground.

In order to build our expectations about the path of the Iraqi economy, we must read and analyze the indicators to complete the picture of the future of the Iraqi economy.

The broad and long-term package of decisions and measures that the government has taken and is still taking in the context of the path of economic reform attempts are the indicators that we rely on in reading and forecasting the future.

TNT:

Tishwash:  The expected path of the Iraqi economy

Yasser Metwally

The expectations of economists and those interested in economic affairs, including me, are based on the indicators that appear on the ground.

In order to build our expectations about the path of the Iraqi economy, we must read and analyze the indicators to complete the picture of the future of the Iraqi economy.

The broad and long-term package of decisions and measures that the government has taken and is still taking in the context of the path of economic reform attempts are the indicators that we rely on in reading and forecasting the future.

The size of the accumulated distortions in the structure of the Iraqi economy requires a huge amount of measures to correct the course, and this is what Al-Sudani’s government has adopted during its short life, and certainly the results need some time for the citizen to see them.

Perhaps this package of decisions and procedures contains many advantages, but it is not without disadvantages, based on the principle that no work can be 100% complete, as it may contain some errors, and this is clearly evident in implementation.

How can we weigh the advantages over the disadvantages? Achieving this principle depends on the quality and volume of follow-up and sustainable monitoring of implementation processes.

In the midst of this amount of measures, which are absolutely required due to our delay in correcting the course of the economy, some mistakes will appear and some will address them without focusing on the positives and the results achieved, and this is a strange culture among some short-sighted people.

According to this perspective, the expected path of the Iraqi economy bodes well and is a relief, if these measures and decisions are implemented well. It is noted that the government is serious about achieving the goals set out in its program.

Perhaps the optimism indicator for our expectations lies in the unity of objectives for most corrective decisions and measures and their interconnectedness.

To give an example of this trend, the decisions to reform the banking sector, in parallel with supporting the Iraqi private sector and involving it in implementing some important projects, while considering correcting the tax policy, draw before you a picture of the encouraging path to achieve development based on the unity and interconnectedness of the sectors concerned with achieving it through a package of decisions and procedures.

If we add to it, in the other corner, the activation of the services sector, especially in attempts to resolve congestion and provide the time required for the speed of work and achievement, then the interconnection between the path of the sectors at a parallel pace establishes a correct and clear path confirmed by the percentage of achievement in the investment budget that is being achieved for the first time in two decades, in which the percentages of achievement of the planned investment projects match the implemented investment projects.

We do not forget that such a great achievement may not be without obstacles and requires sufficient time to achieve the goal of the decisions and procedures.

The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally, the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope. 

As an observer of economic affairs, I sense citizens’ satisfaction and comfort, whether in public meetings and private conversations or in their comments on social media platforms regarding new trends and their sense of the reality and importance of ongoing measures. 

We hope for the best, God willing  link

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Tishwsh:  Iraq declares 3 days of public mourning

 Prime Minister Mohammed Shia al-Sudani directed, on Saturday, to declare a three-day public mourning throughout Iraq.

Al-Sudani's office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani directed the declaration of a general mourning throughout Iraq for three days."

He added that this came "in mourning for the martyrdom of Hezbollah Secretary-General Sayyed Hassan Nasrallah and his companions, in the sinful Zionist aggression."

Today, Saturday, the Lebanese Hezbollah mourned its Secretary-General, Sayyed Hassan Nasrallah, who was martyred in a Zionist aggression on the southern suburb last night, in what was described as the "great martyr."  link

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Tishwash:  Supporters of Shiite factions attempt to storm the US embassy in Baghdad

Hundreds of supporters of the Shiite factions gathered, on Saturday, near the gate of the fortified Green Zone from the side of the suspension bridge.

Shafaq News Agency correspondent said that the demonstrators are trying to storm the Green Zone and enter the US embassy, ​​expressing their anger over the assassination of Hezbollah Secretary-General Hassan Nasrallah.

A security source told Shafaq News Agency, "The security forces closed the roads leading to the suspension bridge amidst a heavy deployment of law enforcement forces." link

Tishwash:  Why does the US still control every penny of Iraqi oil revenues?

Washington has maintained control over Iraq’s oil revenues since its illegal 2003 invasion – a financial and economic subjugation that undermines Iraqi sovereignty and denies it access to its own national treasure.

 In July, the Iraqi Central Bank halted all foreign transactions in Chinese Yuan, succumbing to intense pressure from the US Federal Reserve to do so. The shutdown followed a brief period during which Baghdad had allowed merchants to trade in Yuan, an initiative intended to mitigate excessive US restrictions on Iraq’s access to US dollars.

While this Yuan-based trade excluded Iraq’s oil exports, which remained in US dollars, Washington viewed it as a threat to its financial dominance over the Persian Gulf state. But how has the US managed to exert such total control over Iraqi financial policies?

The answer lies in 2003, with mechanisms established following the illegal US-led invasion of Iraq.

A legacy of ‘Operation Iraqi Freedom’

Since the signing of Executive Order 13303 (EO13303) by President George W Bush on 22 May 2003, all revenues from Iraq’s oil sales have been funneled directly into an account at the Federal Reserve Bank of New York.

EO13303, titled “Protection of the Development Fund for Iraq and Other Property in Which Iraq Has an Interest,” has been renewed annually by every US president, including Joe Biden in 2024. This executive order essentially places control over Iraq’s oil revenues under the discretion of the US President, leaving Baghdad with limited control over its resources and earnings.

The roots of Iraq’s financial dependence on the US stretch back to the 1990s. Following Iraq’s invasion of Kuwait in 1990, UN Security Council Resolution 661 imposed severe economic sanctions to isolate Iraq from international trade. These sanctions, exacerbated by former president Saddam Hussein’s refusal to comply with withdrawal demands, crippled the Iraqi economy.

Control over Iraq’s finances

UNSC Resolution 687, passed in 1991 after the Persian Gulf War, extended these sanctions while introducing the controversial “Oil for Food” program. Although it allowed Iraq to sell oil in exchange for humanitarian goods like food and medicine, the sanctions resulted in immense human suffering, with over one million Iraqis, half of them children, dying during this period. Then-US secretary of state Madeleine Albright infamously defended the sanctions in a 1996 interview, stating that the deaths were “worth the price.”

Following the invasion of Iraq, the US occupation of the country became a reality after the collapse of Saddam’s government. Faced with a fait accompli, the UN Security Council had to accept the new status quo.

According to International Humanitarian Law, occupation forces – in this case, the US and UK – become responsible for the well-being of the populations they occupy. So, UNSC Resolution 1483 was issued on 22 May 2003 to establish the US-led Coalition Provisional Authority (CPA) as Iraq’s administrator and create the Development Fund for Iraq (DFI) to manage Iraqi oil revenues.

Note that Resolution 1483 did not mention the US Federal Reserve as the depositary of Iraqi funds, nor did it assign a location for the DFI headquarters or account. In fact, the resolution specifically states directed that the DFI should “be held by the Central Bank of Iraq.” It was the CPA, led by Paul Bremer, that decided unilaterally to house the account at the Federal Reserve Bank of New York.

This decision allowed the US government to maintain tight control over Iraq’s oil revenues. From that point until today, the Iraqi Ministry of Finance has had to submit requests for funds to the US Treasury, which then approves or denies these requests based on its own criteria.

This monthly transfer of US dollars – which are literally flown into Baghdad in pallets of hard cash – determines Iraq and its 40-million-population’s ability to pay for basic needs like salaries, food, and medicine.

Blackmailing Iraq

Whenever Washington feels that Iraq is not compliant with US regional goals, these fund transfers can be delayed or reduced. In January 2020, for instance, after the Iraqi Parliament voted to expel US troops following the assassination of Iranian Quds Force General Qasem Soleimani and Iraqi Popular Mobilization Units (PMU) Deputy Commander Abu Mahdi al-Muhandis, the Trump administration threatened to freeze Iraq’s access to its oil revenues.

Today, Iraq’s financial situation remains dire. Despite having oil revenues piling up in the Federal Reserve Bank of New York – estimated today at around $120 billion – Iraq is burdened with a growing debt that matches this amount.

The country’s inability to control its own funds has prevented long-term reconstruction and development, forcing it to rely on international loans. Ironically, Iraq has also become one of the largest holders of US Treasury bills, with investments totaling $41 billion in 2023.

In addition to its economic challenges, Iraq has been drawn into the escalating regional conflict amid the ongoing Gaza war and the intensification of Israel’s aggression against Lebanon. Iraqi resistance forces have actively participated in military strikes against Israeli targets in solidarity with both Palestinian factions and Hezbollah.

The involvement of Iraq in this conflict is not isolated. Iraqi factions have routinely targeted US military bases in Iraq and Syria – viewed as illegal foreign forces subjugating Iraq’s sovereignty – contributing to a broader escalation that has drawn in actors from across West Asia.

These troops have vowed to continue their campaign against both US and Israeli targets, aligning their actions with the region’s Axis of Resistance.

The UN shutters DFI, but the US refuses to comply

Iraq ceased to be under occupation, at least formally, when it signed the “Strategic Cooperation Framework” agreement with the US in 2008, which says that American forces are present in Iraq only at the request of the Iraqi government.

Attempts by the UN to restore Iraq’s control over its finances have largely failed. In 2010, UNSC Resolution 1956 demanded the closure of the DFI by no later than 30 June 2011 and the transfer of all proceeds to the Iraqi government.

Despite these clear legal directives, the DFI account remains under US control at the Federal Reserve Bank of New York in defiance of the UN Security Council resolution. Worse yet, enduring US dominance over Iraq’s financial resources has deeply exacerbated the corruption and dysfunction plaguing the country.

Ending the work of the UN International Advisory and Monitoring Board of the DFI was one way of obscuring the massive corruption and theft of resources by American and Iraqi actors.

The unprecedented corruption that was spread throughout Iraq and its institutions can be laid at the doorstep of this policy. The gargantuan amounts of hard cash that are flown into the country monthly, the unaccounted-for astronomical sums that disappear from various ministries, and the dollar exchange shops (banks) set up by political groups that thrived alongside the US occupation forces have turned Iraq into one of the most corrupt countries in the world.

Iraq’s dependence on the US for access to its own oil revenues, combined with its growing debt has significant impacts on its sovereignty, while its involvement in the regional war also will have implications on its relations with the US.

While Iraq may no longer be under formal occupation, the mechanisms of financial control established after the 2003 invasion persist. These controls not only limit Iraq’s economic development but also entangle it in broader geopolitical struggles.

Today, both the US Administration of Joe Biden and the Iraqi government led by Mohammad Shia al-Sudani – which has not taken steps to free Iraq’s sovereign funds – can be considered in violation of United Nations Resolution 1956 issued in 2010. link

Mot:  When Asked - Always Tell the Truth 

Mot:.... Tips on Raising the ""Wee Folks"" -- Good Luck – LOL 

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Iraq Economic News and Points To Ponder Late Saturday Evening 9-28-24

Washington And Baghdad Announce The End Of The Coalition's Military Mission In Iraq

Ali Mohsen Radhi2722024-09-27  Baghdad and Washington announced today, Friday, the end date of the international coalition's military mission in Iraq.

According to a joint statement by Baghdad and Washington, “Iraq and the United States of America have a strategic relationship, and as a result of consultations and discussions with the leadership of the international coalition to defeat ISIS and friendly member states, and intensive discussions within the US-Iraq Supreme Military Committee, which has worked diligently and professionally in intensive meetings over the past nine months, and after studying and evaluating the military and security situation in Iraq and the region, it announces the following:

First: Ending the coalition’s military mission in Iraq within the next twelve months, and no later than the end of September 2025, and moving to bilateral security partnerships that support Iraqi forces and maintain pressure on ISIS.

Washington And Baghdad Announce The End Of The Coalition's Military Mission In Iraq

Ali Mohsen Radhi2722024-09-27  Baghdad and Washington announced today, Friday, the end date of the international coalition's military mission in Iraq.

According to a joint statement by Baghdad and Washington, “Iraq and the United States of America have a strategic relationship, and as a result of consultations and discussions with the leadership of the international coalition to defeat ISIS and friendly member states, and intensive discussions within the US-Iraq Supreme Military Committee, which has worked diligently and professionally in intensive meetings over the past nine months, and after studying and evaluating the military and security situation in Iraq and the region, it announces the following:

First: Ending the coalition’s military mission in Iraq within the next twelve months, and no later than the end of September 2025, and moving to bilateral security partnerships that support Iraqi forces and maintain pressure on ISIS.

Second: Since Iraq is a key member of the coalition, and in order to prevent the return of the terrorist threat of ISIS from northeastern Syria, and depending on field conditions and consultations between Iraq, the United States, and coalition members, the coalition’s military mission operating in Syria from a platform to be determined by the Supreme Military Council will continue until September 2026.

Third: The Supreme Military Authority is committed to formulating the necessary procedures to achieve what is stated in the above paragraphs, and the timing and mechanisms for their implementation, including procedures to ensure the physical protection of coalition advisors present in Iraq during the transitional period, in accordance with the Iraqi constitution and laws. Practical steps to implement these obligations have begun.

Iraq thanks the coalition for the support and assistance it provided to the Iraqi security forces to confront this common threat and secure the defeat of ISIS on the ground in Iraq, and at the forefront of these countries is the United States of America, which stood with Iraq in difficult circumstances.

The coalition appreciates the role of Iraq and the great sacrifices made by all Iraqi security forces in fighting this terrorist organization that posed a threat to the entire world, and stresses the need to continue all efforts to ensure that the threat from this terrorist organization does not return in any form.

We look forward to strengthening relations between Iraq and the United States, as both countries seek to enhance security assistance and cooperation based on mutual respect, consistent with the U.S.-Iraq Strategic Framework Agreement and the Iraqi Constitution, and to advance an enduring bilateral partnership consistent with the U.S.-Iraq Joint Statement issued during Prime Minister Mohammed Shia al-Sudani’s visit to Washington, D.C., on April 15-16, 2024, and the U.S.-Iraq Joint Statement following the Second U.S.-Iraq Joint Security Cooperation Dialogue held in Washington, D.C., on July 22-23, 2024.

This historic transition marks a decade since the formation of the coalition military mission in Iraq, and Iraq continues to cooperate with the United States and other coalition members to establish bilateral security relationships where appropriate.

In order to facilitate the safe and orderly conclusion of the international coalition's military mission, the Government of Iraq affirms its commitment, in line with its international obligations, to protect international advisers present in Iraq at the invitation of the Iraqi Government. https://burathanews.com/arabic/news/451119

Al-Rafidain: Continuing To Update Data And Information To Ensure Safety From Suspicions Of Money Laundering
 
Friday 27 September 2024 09:34 | Economical     Number of readings: 334 Baghdad / NINA / Al-Rafidain Bank announced, today, Friday, the continued updating of data and information to ensure safety from suspicions of money laundering.  A statement from the bank stated, “In implementation of government directives and instructions from the Central Bank of Iraq/Anti-Money Laundering and Terrorist Financing Office, the Money Laundering and Terrorist Financing Reporting Department at Al-Rafidain Bank
 
     conducted field visits to the bank’s branches in Baghdad and the governorates,” pointing to
     “introducing the risks of money laundering and terrorist financing.” And
     mechanisms for combating them,
     reporting suspicious transactions and
     monitoring them using available means and methods.” He added,
 
"The visits resulted in auditing the work of the liaison officers and following up on updating the (KYCform, which guarantees the safety of customers' funds and accounts from any suspicions of money laundering," noting that
 
"due diligence measures were taken for companies and customers in accordance with the
Anti-Money Laundering and Terrorism Financing Law." /End2
 
https://ninanews.com/Website/News/Details?key=1157893   

The Sudanese Advisor Indicates A Major Development In Iraq’s Financial Capabilities During 2024
 
    September 28 13:32  Information/Baghdad... Today, Saturday, Mazhar Muhammad Salih, economic affairs advisor to Prime Minister Muhammad Shiaa al-Sudani, highlighted the development of Iraqi financial capabilities during 2024. Saleh said in a statement to the Al-Ma’louma Agency,
 
 “The semi-annual oil revenues for the year 2023 amounted to 53.88 trillion dinars, while they rose during 2024 to more than 58.80 trillion dinars.” He added,
 
"Non-oil revenues amounted to approximately 0.42 trillion dinars during the six months of the year 2023, and at the end of the first half of the year 2024 they reached 7.18 trillion dinars." Saleh pointed out that
 
"there is a significant development in public financial capabilities during the year 2024 by maximizing Iraq's resources from non-oil sources."
 
On Monday, June 12, 2023, the House of Representatives approved the financial budget law for the three years 2023, 2024, and 2025, as the budget approved more expenditures and investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues at a price of $70 per barrel. Ended / 25 Q   
 
https://almaalomah.me/news/77909/politics/مستشار-السوداني-يؤشر-تطورا-كبيرا-بقدرات-العراق-المالية-خلال   

Specialist: The Iraqi Private Sector Is Capable Of Managing The National Economy
 
September 28, 2024 Last updated: September 28, 2024  The Independent/- Economic affairs specialist Hawraa Nouri Al-Qassab confirmed that the private sector is now capable of managing important aspects within the Iraqi economy.
 
Al-Qassab said that the past years have left behind accumulations of experience in the Iraqi private sector, enabling it to develop the reality of the national economy, which seeks qualitative performance that enhances all its production and service aspects.

She added that  the Iraqi constitution gives the private sector a wide space in managing the national economy and moving it to a better stage than it was before. She pointed out that  Iraqi human resources are the smartest in the region, which has made them gain experience faster.    https://mustaqila.com/مختصالقطاع-الخاص-العراقي-قادر-على-ادا/   

Iraq confirms its readiness to ensure the success of its mission to chair the Group of 77 and China for 2025
 
September 28, 2024
Baghdad / Iraq Observer
 
Today, Saturday, Foreign Minister Fuad Hussein affirmed Iraq’s readiness to cooperate with everyone to ensure the success of its mission to chair the Group of 77 and China for the year 2025.
 
A statement by the Ministry of Foreign Affairs stated, “Iraq achieved an important diplomatic achievement today by being officially elected to chair the Group of 77 and China for the year 2025 during the forty-eighth annual meeting held at the United Nations headquarters in New York on September 27, 2024.”

The statement added that   “Deputy Prime Minister and Foreign Minister Fouad Hussein participated in the meeting in the presence of the Secretary-General of the United Nations, Antonio Guterres, and the President of the seventy-ninth session of the General Assembly, Philman Yang,” noting that
 
“the Foreign Minister delivered a speech in which he expressed his thanks and appreciation for the trust.” Which member states granted to Iraq.”

Hussein stressed that  “Iraq will assume this role with seriousness and commitment to enhance solidarity among developing countries and achieve sustainable development goals,” stressing
 
“Iraq’s readiness to cooperate closely with all delegations and partners to ensure the success of its mission in the coming year and coordination to achieve the interests of member states and confront common challenges.”
 
Hussein expressed his “aspiration to work with all parties to achieve the group’s visions and enhance the active role of developing countries on the international scene, especially in light of the current global circumstances that require strengthening partnership and cooperation to achieve sustainable development and build a better future for all.”  

The statement added,  “This election reflects the confidence that the international community has given to Iraq and strengthens its leadership role on the international arena,” noting that
 
“the Foreign Minister’s speech was widely welcomed by the member states, as many countries extended their congratulations to Iraq and expressed their full support for his leadership of the group.” The participants pointed out the importance of strengthening cooperation. https://observeriraq.net/العراق-يؤكد-استعداده-لضمان-نجاح-مهمته/
 

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

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Exponential Debt Cycle is Past the Point of no Return

Steve St. Angelo: Exponential Debt Cycle is Past the Point of no Return

 Palisades Gold Radio:  9-27-2024

Tom welcomes back Steve St. Angelo of the SRSrocco Report for a discussion on the record-high prices of gold and silver.

St. Angelo suggests these levels for silver could be a new floor as they've historically returned to production costs following price spikes. The average cost of primary silver production is around $26 an ounce, taking taxes and developmental costs into account.

Steve St. Angelo: Exponential Debt Cycle is Past the Point of no Return

 Palisades Gold Radio:  9-27-2024

Tom welcomes back Steve St. Angelo of the SRSrocco Report for a discussion on the record-high prices of gold and silver.

St. Angelo suggests these levels for silver could be a new floor as they've historically returned to production costs following price spikes. The average cost of primary silver production is around $26 an ounce, taking taxes and developmental costs into account.

St. Angelo stresses the importance of distinguishing investment demand from industrial demand when analyzing the silver market dynamics.

A decade ago, there was a significant silver surplus due to decreased industrial demand which has since reversed with increased investment demand. Industrial demand is expected to consume all available supply, making additional investment demand potentially price-volatile.

 Steve explores the impact of energy scarcity and continued money printing on production costs, driving up gold and silver prices due to inflationary pressures.

They discuss the possibility of a market correction offering the last chance to buy silver at present rates.

Steve and Tom delve into the relationship between expanding money supply, debt, federal funds rate, and silver price. Looking towards the period leading up to 2025, a market correction is anticipated due to increasing unemployment and possible employment data revisions.

Economic weakness could lead to reduced interest rates and more money printing, instigating inflation and purchasing power reduction. However, Commitment of Traders reports may not accurately reflect demand.

 The global silver mine supply and output have been declining since 2015, necessitating existing inventories to bridge the deficit. This imbalance could lead to a substantial correction when prices significantly surpass production costs.

Concerns about marginal silver supply include transparent and non-transparent inventories, solar industry demand, and copper prices as indicators of industrial demand and potential recession. Steve discusses the shift from LBMA to ETF silver inventories.

 Pre-pandemic, there was significant physical buying leading to expanded ETF inventories. However, in 2022, overall LBMA inventories decreased due to Indian purchasing and ETF withdrawals. Finally, Steve discusses the merits of assets such as Bitcoin, gold, and silver.

While some view Bitcoin as a digital counterpart to gold, Steve contends that saving in Bitcoin is not the same as saving in precious metals. This is due to Bitcoin mining causing considerable share dilution and due to the energy costs.

Steve advocates understanding asset worth based on economic progress versus past activity, emphasizing energy's role in asset value, and preparing for future energy realities.

 Talking Points From This Episode

 - Silver's new floor could be around average production cost ($26/oz).

 - Industrial demand vs investment demand crucial in analyzing silver market dynamics.

 - Economic instability, the energy cliff, inflation, and supply concerns may lead to significant price volatility.

Time Stamp References:

0:00 – Introduction

 1:22 - New Silver Price Floor

3:30 - Miners & All-In Costs

 5:55 - Energy & Money Supply

 8:44 - Types of Metal Demand

11:35 - Money Printing & Silver

 15:13 - Purchasing Power & Rates

17:06 - Fed Cuts & Corrections

 21:37 - Utility of COT Reports

23:52 - Mine Supply & Output

28:44 - Silver & Manufacturing

31:54 - Grid Stability & Solar

34:40 - LBMA Silver Trends

 37:06 - Miner Production & Shares

40:35 - Dedollarization & Gold

47:50 - Dr. Copper & Economy

51:34 - Energy & Volatile Mkts.

54:13 - Energy, GDP, & Debt

55:20 - Federal Deficits Chart

57:10 - Trends & Collapse

1:00:48 - U.S. Spending & Budget

 1:02:50 - Bitcoin & Precious Metals

1:06:10 - Energy Store of Value

1:09:25 - Wrap Up

https://www.youtube.com/watch?v=ODx27elzsok

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Saturday PM 9-28-2024

KTFA:

Clare:  The Central Bank of Iraq decides to close the Babylon Bank 9/25/2024  

Baghdad   The Central Bank of Iraq decided to close the Babylon Bank. According to a document issued by the Central Bank of Iraq, addressed to the Babylon Bank, and received by "Al-Eqtisad News", it decided to "refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.

He added: "Appointing Ahmed Abdul Mahdi Nehme as liquidator of your bank." Below is the document LINK     

KTFA:

Clare:  The Central Bank of Iraq decides to close the Babylon Bank 9/25/2024  

Baghdad   The Central Bank of Iraq decided to close the Babylon Bank. According to a document issued by the Central Bank of Iraq, addressed to the Babylon Bank, and received by "Al-Eqtisad News", it decided to "refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.

He added: "Appointing Ahmed Abdul Mahdi Nehme as liquidator of your bank." Below is the document LINK     

Clare: KDP links Kirkuk census to implementation of Article 140 to “return displaced Kurds”

9/28/2024

The head of the Kurdistan Democratic Party bloc in Kirkuk Provincial Council, Hassan Majeed, confirmed on Saturday the implementation of Article 140 of the Iraqi Constitution according to its legal paragraphs, which will contribute to solving many of the pending problems before conducting the population census in the province, noting that the bloc's attendance at the provincial council meetings is linked to a decision by the Federal Court.

Majeed told Shafaq News Agency, "Article 140 of the Iraqi Constitution is an article that was included in the constitution to find solutions for the disputed areas according to stages, which are compensation, normalization, and census, as there are hundreds of deportees to this day who have not received their financial compensation, and this means that there are matters that have not been fully implemented in Kirkuk and the rest of the areas in which demographic changes took place by the Baath government."

He stressed that "Kirkuk has matters that must be taken into consideration by the federal government, as the Kurds were displaced from it by previous governments and more than 4,500 Kurdish villages were destroyed in Kirkuk, its outskirts and the rest of the regions. This means that there are residents who left Kirkuk, and they must be returned to Kirkuk to become part of it, as they are its original inhabitants, for the purpose of including them in the census."

He added, "The population census is important for any country, including Iraq, because it provides a comprehensive information base for youth, women and children according to their ages, and determines poverty rates and the regions' need for services and projects. Through it, we know the numbers of residents, buildings and other matters, and this matter is important for everyone."

Regarding attending Kirkuk Provincial Council sessions, Majeed said, “The issue of our attendance at Kirkuk Provincial Council sessions is linked to a decision by the Federal Court, which is the final arbiter of the decision. There is a team representing the participants in the Kirkuk administration who say that the formation and contracting of the local government was legal, and there is a team in contrast who say that it is illegal, and the court’s decision is what will decide this matter.”

He stressed that "the members of the Democratic Bloc in the provincial council are committed to attending their work in the council and participating in receiving its clients, but they do not participate in the council sessions until the issue is resolved by the Federal Court."

The head of the third branch of the Kurdistan Democratic Party in Kirkuk, Mohammed Kamal, had demanded last Monday to postpone the population census in the province until Article 140 of the Iraqi Constitution is implemented.

Kamal said in a press conference attended by Shafaq News Agency, "Preparations for conducting the population census are necessary, but the situation in Kirkuk is different and the governorate is not prepared to conduct it. There are displaced people from Kirkuk in the cities of the Kurdistan Region, and in 1988 the Baathist regime demolished 4,500 Kurdish villages and deported their residents to the governorates of the Kurdistan Region."

Iraq conducted its last population census in 1987, in which all governorates participated, followed by the 1997 census, which was conducted without the participation of the governorates of the Kurdistan Region.

Over the past years, the country has relied on approximate statistical figures issued by unofficial institutions and research centers concerned with this matter, before the Ministry of Planning issued estimates in 2022 that the population of Iraq had reached more than 42 million people.

The census has been delayed over fears of politicization, and has been opposed by ethnic groups in disputed areas such as the Kurdish, Arab and Turkmen-populated city of Kirkuk, which is home to major oil fields, because it could reveal demographics that could undermine their political ambitions.  LINK

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

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
We have heard for the last five days all on the news about the deletion of the three zeros.  That's all they talk to us about...  FRANK:  You say you've been hearing about lifting the three zeros in the last five days?  In all honesty you have been hearing this for the last five months.  It's just that it's very concentrated on a daily basis now...

Mnt Goat  ...my CBI contact told us the committee was planning to begin the roll out of the currency swap out in November... You will not see the US Treasury leave the CBI until this is done and the Project to Delete the Zeros (swap out) is completed. 

FINAL Warning: 3 Market Bubbles Nearing Collapse!

Jay Martin:  9-28-2024

In this episode, Jay is joined by Michael Pento. Michael discusses the three major bubbles in the American economy: real estate, equities, and private credit.

He explains how these bubbles are interconnected, meaning that if one sector collapses, it could trigger a domino effect across the others.

 He touches on the challenges that policymakers face in preventing a collapse due to the systemic risks and the broader impact on the economy.

The conversation also covers inflation, deflation risks, and the long-term implications for commodities like gold.

Throughout, Pento emphasizes the difficulty in predicting the exact timing of a market correction but warns of significant financial instability ahead.

0:00 - Intro

1:03 - The Three Economic Bubbles Threatening the U.S.

9:04 - The Looming Cross-Contamination in Real Estate and Equities

 12:39 - Recession, Depression, or Collapse: What Comes Next?

22:12 - Preventing a 2008-Style Market Meltdown

23:40 - The New Era of Monetary Expansion

32:43 - Commodities in a Crash: A Lifeboat Strategy

37:16 - How the Smart Money Stays Ahead of Crises

42:34 - Are We Voting for Inflation?

46:08 - Navigating Geopolitical Events in Investment Strategies

https://www.youtube.com/watch?v=c-zlzFnEy3Q

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Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8

Bruce’s Big Call Dinar Intel Thursday Night 9-25-24 

Note from Recaps: We are sorry this post is later than usual - this was due to power outage and loss of internet service - thank you for understanding

Bruce’s Big Call Dinar Intel Thursday Night 9-25-24  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody. Big call tonight. It is Thursday, September 26th  and you're listening to the big call. We don't have Bob with us tonight, because he's keeping his condo dry from water trying to come in through the door. He's on the sixth floor, but the wind is driving this rain, and we're just going to pray about that tonight, starting with our lead in prayer, and tonight's another prayer request, so we'll be doing that. Thank you. Sue for providing the music prior to the big call, or lead in music or bumper music. Thank you for that

Okay, otherwise, yeah, okay, so we're going to have a good call tonight, you guys, even though Bob is not going to be here tonight, he's here with us in spirit, and we're going to pray for his situation and all of those in Florida in just a minute. And then in the meantime, let's go ahead and introduce everybody to the big call. Welcome everybody tonight, wherever you're located around the globe, and we're excited that you're here. And we're looking to have a shorter call tonight, but it'll be a good call, full of chock full, as they say, of good information. So I'm looking forward to bringing my part in.

Note from Recaps: We are sorry this post is later than usual - this was due to power outage and loss of internet service - thank you for understanding

Bruce’s Big Call Dinar Intel Thursday Night 9-25-24  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody. Big call tonight. It is Thursday, September 26th  and you're listening to the big call. We don't have Bob with us tonight, because he's keeping his condo dry from water trying to come in through the door. He's on the sixth floor, but the wind is driving this rain, and we're just going to pray about that tonight, starting with our lead in prayer, and tonight's another prayer request, so we'll be doing that. Thank you. Sue for providing the music prior to the big call, or lead in music or bumper music. Thank you for that

Okay, otherwise, yeah, okay, so we're going to have a good call tonight, you guys, even though Bob is not going to be here tonight, he's here with us in spirit, and we're going to pray for his situation and all of those in Florida in just a minute. And then in the meantime, let's go ahead and introduce everybody to the big call. Welcome everybody tonight, wherever you're located around the globe, and we're excited that you're here. And we're looking to have a shorter call tonight, but it'll be a good call, full of chock full, as they say, of good information. So I'm looking forward to bringing my part in.

Let's do this. Let's go into Intel let's go ahead and do that now

I think what I first bring up is why we didn’t go so far, and that means that we had information - As you guys remember on Tuesday's call, it was looking like we would get notified Wednesday or Thursday this week. Well, a lot of times we'll have Intel that looks great at the time something happens, and we don't quite know why we didn't go. We just don't know why everything looks like it's done, it's ready, and so on. Rango, well, this time, we got a reason – a reason why – it’s a good one

All right, first of all, we have  banks ranked by the amount of deposits they have - the amount of funds or on deposit. They're ranked as tier one, tier two - tier three – tier four and tier five, different levels of banking with assets on deposit - Let's call it

Now we've got  - you guys know a lot of the tier one banks - Wells Fargo, chase  - Citi Bank -  bank  of America , truist bank, which is a newly merged bank  in the last year - a little less or so, maybe longer now, and probably  Santander Bank -  there are many more. Obviously, HSBC will be a tier one bank too.

So what we got with that is there are no longer going to be a tier five banks, and the remnant of the tier five banks, which are little,  mom and pop banks - small banks, small town banks, those are going away, but a lot of them, if they still exist, will be merged, or, let's call it, absorbed by tier three and tier four banks. And there's been a lot of that going on so far.

A lot of the tier one tier two banks have picked up some of the other smaller banks into their into the group. So the reason I’m  saying all that is because the tier four banks - let me back up, tiers one two, three and four banks, okay, have already been connected to the Star Link satellite system.

Okay. Tiers one, two and three, tier four banks have not been and they're working on that even now. They started, I'm going to say a few days ago, and they should complete by Saturday night . I Believe Saturday Midnight is when those would be complete, and that is why we didn't get to go this week. I know that the redemption center staff is on call over the weekend, which for us, is usually starting Friday. So Friday, Saturday, Sunday, they are on call, and not supposed to go in the redemption center.

Okay, so keep that in mind. The other thing is that we are hearing that coming from Iraq, that they will have their smaller denominations ready to go, which are like ours in terms, I don't think they have ones, but five – 10’s, 20s, 50s, and 100’s that's their new currency.

That's their new currency -  you know the three zero notes from Iraq that we have? You know the 25,000 or 25k notes? I call them the 10k the 5k the 1k – all of those 3 zero notes have been removed from Iraq

But the lower denoms - you know, still count . They aren't the ones that they're going to be using to buy things with. I told you guys they were catching up on payout salaries, and that should be done by the 30th this month, the last day of this month.

 And we're getting good news about we're getting news about the fact that everything is moving in the way we want it to move - from the bond owners perspective, they have been told they will have access to their accounts on Tuesday, which is the first of October.

You know, I didn't buy the idea of the first of October for us because we were told before now that we would be going this week prior to the first of October.

However, the most recent information that we got last night / today was point to something different. We will be  - and we have aa very strong source that is indicating that we will be notified or receive the emails that we're looking for on Monday, which is the 30th of September this month. That's this coming Monday, we will receive our notifications.

What do we know about the notifications? All we know is that they should occur from east to west coast of the US in a three hour period.

 Okay, they're not all going to come out at once. They're going to be coming out at different times over a three hour period, and that should be on Monday. Now, once we get those emails, we'll have a toll free number. We assume it's a one 800 number that is in that email that we will use the call the call centers.

They are saying that, because a lot of people want to call away, the phone lines could be jammed. They're suggesting that we wait an hour or an hour and a half after on Monday when we receive these to call so that we can get one of the calls,

Now remember those calls are going to route us to a person at the redemption center, which we indicate by our zip code for the area of city, country, area where you live or where you work, or where you want to exchange.

Okay  so that is set up for you to go do that through the call centers, which we know at least four regional call centers in United States, and then we'll go from there set our appointments and most likely exchange on Tuesdays, which is the first of October.

So here we here we are talking about getting notified by on the 30th of September, setting appointments on the first of October, and going and exchanging, getting all that done.

So that is some interesting timing on that. I wasn't sure we would get notified before Tuesday – the first of October – but it looks like – according to one  very strong source that we have - Yes, we will get notified on Monday the 30th of September. – Monday  September 30,

Anyway, can’t wait - looking forward to it, just like you all are. And I'm looking forward to that. And of course, I'm looking forward to the Med Beds shortly thereafter.

Let’s Talk a little bit about the other things that that were mentioned in the prayer request earlier. And that is, that Jeannie had brought up -  the restitution reclamation allowance for those of us who have currency or exchanging and they know who 80 to 90% of currency holders are.

Okay, they already know most, if not most, of the Zim holders they know and the regular currencies they don't know for sure. But where I want to go right now - I'm going to deviate just a second.

Where are we In terms of banks and redemption centers are seeing on their screens.?

Okay, both banks and redemption centers have the 14 currencies that we know about. They're going up from substantially in value, some of it a ton, as you guys know, and some – maybe not as much – but still pretty strong increases in value -  14 currencies  doing that-

Now as of this weekend, and I think we can speak about Saturday, we should have all of all the countries in the world which people estimate, or people say -206 - some say 209 let's go with 209 countries  - of that 197 currencies will be on the screens - they may be able to find anything from dinar to Jim buck 2 -  anything that is a country with a currency, they'll be able to bring it up.

Okay, so bring what you have, if you have, if you have bonds. I'm not referring to zim here, but I'm saying if you have sheet bonds, or a box of sheet bonds, make sure you let them know when you book your appointment, because redemption centers have people that can take care of those for you.

Okay, but you got to let them know that. Let them know that. Yes, either way, I have sheet bonds, and they are bringing gold bonds, their railroad bonds. They're whatever German, whatever they are, German bonds, yellow Dragon, whatever they are, bonds, let them know when you talk to them, that you have some and that you'll be bringing down if you have bonds, you better have good diligence - for those that you have good provenance is the word - provenance, provenance for those bonds, paperwork, where they came from, who owns them - how did you get them? Blah, blah, all that stuff. They have to go through that and verify, number one, that they're legitimate bonds, and number two, that you're the legitimate owner of those bonds.

So there's a lot to that aspect of it that'll take more time let them know if you have any and want to bring them to the redemption center, but we'll handle this for you now.

Our going back to what I'm saying, Our RNR, if we're exchanging of currencies, is supposed to already be deposited into our quantum financial accounts. Okay?

Our quantum account has it in there. You're only going to move those funds into your primary or  secondary wealth account with the quantum card which you get at your redemption center appointment.

 You get a quantum access card, and you say a quantum card three times the thickness  of a credit card with three chips in it. Usually they use your biometric fingerprint or thumbprint.

They'll use a username and password, and they'll have, you'll have five digit PIN code, okay, and a brand new, not an existing but a new email account. And then, of course, you'll have a, you know, the email account, and a new password for that. Those five steps are what you need to set up your quantum account and move on.

The only thing you do with this one card, and it's only used to move funds  from the quantum  account to a Wells Fargo or another bank -  down the road  initially Wells, to move funds into the Wells Fargo. I call it primary or master account, okay, so we're going to do that on day one when we get in. And you'll have access to some of those moneys on day one, at the time of your  exchange

okay? And that initial transfer hopefully will ask you for the first 3060, maybe 90 days after the exchange, but you're going to be able to use that quantum card to move those funds as you need, as you need. That's what it's used for. You got to keep it in a very safe place where only you know where it is, nobody else, because it's tied directly to you, alright? Don't carry with you. Don't put it around your neck. Don't just keep it safe place. And I wouldn't even recommend keeping it at the bank in a safe deposit box. I mean, maybe, but only if you trust that the bank will be there. They'll be open when you need to get in there.

You really are supposed to do that in a very private location. Use that card in a private setting from your home. Okay, so we'll see what happens on all that.

 Let's go into the “when” we have been told from a very strong source that I've mentioned, we would get notified on Monday and set our appointments Tuesday and possibly exchange Tues or Wed. That will be open to that possibility Wednesday  -  but I believe  we will be able to exchange on Tuesday. That's what I'm hearing today, and it's really good news. I'm excited about it.

Military on military bases, active military on military bases are going to be able to exchange dinar and Afghani over the weekend  they already know that they have received emails to tell them that it's not us, it's not for us. Just so you guys know it's military.

 Now, one other thing about banks, let's say you have currency and you don't want to mess with calling to set an appointment. Bad move, because if you have currency and you waltz into any bank USA, will they be able to exchange you?  yes for the most part, yes, but not zim. If you have zim  guys forget about going into any bank USA, it ain't happening. Don't even think about it.

<

In fact, if you call to see if they're exchanging and you have zim or any currency, if you call the bank with any currency, they will call, they'll give you the 800 number to call the federal appointment with a redemption center.

Why is that? Why can't you walk into just any bank USA ? because President Trump wants us all to get the highest available rates, and the highest rates are on the redemption center screens, and we just know that that's the case because we're talking to people who are actually seeing both bank screens and redemption center screens, I’ve already told you guys that the dinar has a contract rate that is extremely high, and even if you only have one or two notes of dinar, it's enough to make a difference, a big difference.

So as I mentioned before, that rate is tied to the per barrel of oil price selling by Iraq, not buying from Iraq, but selling from Iraq, and exporting to Egypt, to Turkey, to other countries that Iraq is exporting oil to it. So it's tied to it. Now it's fluctuating. If the high is down a little bit, it's just something that's a moving, moving number, a moving amount.

Let's see beyond that. So my point is, you're gonna end up at the redemption center anyway, and if you have zim - nobody's going to touch it except through Wells Fargo at the redemption centers. And let's say we've got people that are in the hospital like we do with Tom. It could, they could take up 40, days for them to be able to still use the redemption centers.

So we're going to set the appointment the best we can and try to get in there we can as soon as we can, sooner the better, because your Med bed appointment is predicated for the most part, on having gone through the redemption process once you get in there and talk to them about your dire Need, for example, in my case, or Tom's case, or the fact that you have to have a medical problem, an issue, something needs to be resolved or fixed you have to do that and let them know that – in the redemption center when you go in and make your presentation -

All right, I don't know that there's a whole lot else that I need to bring out. I think that's everything I wanted to say. So let's do this. Let's continue to pray for the people in the path of hurricane Helene and then and let's continue to lift Tom up as well if you will.  As a courtesy to me. I really appreciate that.

 I want to see him completely fully restored, full medical help on this full mental assessment, and let him  come out fully restored, have his memory intact, everything, everything fully intact. And I'm going to go visit him tomorrow afternoon. I'm looking forward to seeing him tomorrow.

So thank you for those that have helped Pastor Scott who has had briefcase stolen, and I pray that it is returned to him. So thank you for everybody that has helped out with offering to donate Zim to him. Well, let's go ahead and pray to Paul out.  Okay, so we're gonna pray the call out. And let's do that now

Go ahead and see what happened this weekend for us. We could get something but it sounds like Monday is our day to receive notations, and then you'll know what to do after that. All right, thanks everybody. Thank you. Sue. Talk to you soon. Okay, get it off the Recording now.

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-28-24

Good Afternoon Dinar Recaps,

RIPPLE ADVANCES STABLECOIN INITIATIVE, ISSUES ANOTHER 350K RLUSD



Ripple mints 350,000 RLUSD to enhance testing on XRP Ledger and Ethereum, aiming for regulatory approval and improved ecosystem integration.



▪️Ripple mints 350,000 RLUSD stablecoins in 24 hours on XRPL and Ethereum.



▪️RLUSD stablecoin undergoes private beta testing for security and efficiency.



▪️XRP Ledger enhancements improve RLUSD's security and efficiency in beta testing.

Good Afternoon Dinar Recaps,

RIPPLE ADVANCES STABLECOIN INITIATIVE, ISSUES ANOTHER 350K RLUSD

Ripple mints 350,000 RLUSD to enhance testing on XRP Ledger and Ethereum, aiming for regulatory approval and improved ecosystem integration.

▪️Ripple mints 350,000 RLUSD stablecoins in 24 hours on XRPL and Ethereum.

▪️RLUSD stablecoin undergoes private beta testing for security and efficiency.

▪️XRP Ledger enhancements improve RLUSD's security and efficiency in beta testing.

Ripple has expanded its stablecoin operations by minting an additional 350,000 units of its RLUSD stablecoin within a span of 24 hours. This activity was carried out in two separate transactions, one consisting of 300,000 RLUSD and the other 50,000 RLUSD. The process was monitored by the Ripple stablecoin tracker, a community-driven XRP Ledger account that tracks the issuance and redemption of these stablecoins.

Ripple Sets Pace with Massive 350K RLUSD Stablecoin Mint
According to the Ripple stablecoin tracker, the recent minting marks a significant step in the testing phase for RLUSD. The issuance occurred through two separate transactions, one for 300,000 RLUSD and another for 50,000 RLUSD. This testing phase is crucial for ensuring the RLUSD meets the highest standards of security, efficiency, and reliability before its full-scale launch.

The minting demonstrates Ripple’s commitment to advancing its stablecoin offerings and enhances the liquidity and functionality of the RLUSD. Most recently, the XRP company reported issuing a record 485 RLUSD stablecoins, its largest single batch yet.

The private beta testing of the RLUSD aims to streamline the integration process across different blockchain platforms. This phase is vital for gaining regulatory approvals and for ensuring that the RLUSD can operate across various blockchain environments.

XRPL Upgrades Enhance Stablecoin Efficacy
The recent enhancements in the XRP Ledger are also pivotal to the optimal functioning of the RLUSD. Two major amendments, fixEmptyDID and fixPreviousTxnID, were activated on the XRPL mainnet, improving the ledger’s efficiency.

These updates will boost the stability and reliability of Ripple’s stablecoin operations. Concurrently, these will impact RLUSD’s performance and its integration within the broader ecosystem.

These technical upgrades facilitate a more robust framework for Ripple’s stablecoin initiatives. This will make the infrastructure supporting RLUSD align with the latest blockchain innovations.

In addition, the legal environment surrounding digital currencies remains a significant aspect of Ripple’s operational strategy. Recent developments in the Ripple vs. SEC case have brought to light the challenges faced by blockchain enterprises.

Insights from legal experts suggest that the SEC’s potential appeal against a favorable ruling for Ripple in the XRP lawsuit may have limited success.

XRP price reacted positively to the recent mint of RLUSD, surging to $0.622. The increase reflects a 5.44% gain over the last 24 hours, accompanied by a 60%  rise in trading volume. However, recent CoinGape analysis have hinted at a potential 25% crash on on XRP price if SEC appeals before the October 7 deadline.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

NEW HOME SALES DECLINE IN AUGUST, YET YEAR-OVER-YEAR GROWTH REMAINS STRONG

▪️U.S. new home sales hit 716,000 in August 2024, exceeding the forecast of 699,000 but marking a 4.7% drop from July's figures.

▪️Year-over-year, new home sales jumped 9.8% compared to August 2023, signaling sustained housing market strength.

▪️August inventory climbed to 467,000 units, representing a 7.8-month supply, hinting at potential downward pressure on prices.

▪️Despite year-over-year gains, rising inventory and slower sales indicate a slightly bearish short-term housing outlook.


New Home Sales Fall in August, But Year-Over-Year Growth Persists
New residential home sales in the U.S. declined in August 2024, coming in below both the previous month’s figures and market expectations. However, despite this monthly dip, year-over-year data reveals a significant rise in activity.

Sales of New Homes Exceed Expectations in August
New single-family home sales in August 2024 came in at a seasonally adjusted annual rate of 716,000 units. This is a 4.7% decrease from the revised July figure of 751,000.

However, it exceeded economists’ forecast of 699,000 units, suggesting demand remains robust despite the monthly drop. Additionally, August 2024 sales showed a significant 9.8% increase compared to August 2023’s 652,000 units, highlighting continued year-over-year growth.

Home Prices Show Mixed Trends
The data also revealed mixed signals in home prices. The median sales price for new homes in August was $420,600. While this figure suggests the majority of home sales were occurring at relatively high price points, the average sales price jumped significantly higher, reaching $492,700. The gap between median and average prices highlights that a portion of the market consists of high-end sales, skewing the average price upward.

Inventory and Supply
At the end of August 2024, there were approximately 467,000 new homes on the market, representing a 7.8-month supply at the current sales pace. This indicates a relatively balanced market in terms of supply and demand, as a six-month supply is generally considered healthy. However, with sales slowing from the prior month, it suggests a potential buildup of inventory that could pressure future pricing if demand doesn’t rebound.

Market Forecast: Slightly Bearish Outlook
Given the month-over-month decline and higher-than-expected inventory levels, the outlook for the new home sales market leans bearish in the short term. The 4.7% drop from July, coupled with the rising inventory, suggests some cooling off in demand, which could impact pricing and sales volume in the coming months. However, the solid year-over-year growth hints that the market’s longer-term trend remains positive.

@ Newshounds News™

Source:  
FX Empire

~~~~~~~~~

$1,100,000,000,000 POURS INTO US BANKS AMID HIGH INTEREST RATES AS JPMORGAN CHASE, BANK OF AMERICA PAY PITTANCE TO DEPOSITORS: REPORT

US banks have reportedly raked in more than $1 trillion after two and a half years of the Fed’s “higher for longer” interest rate policy.

Data from the Federal Deposit Insurance Corporation (FDIC) shows the high interest rate regime allowed thousands of US banks to reap higher yields on their deposits at the Fed, reports the Financial Times.

And although a number of analysts and market observers thought the banks would pass on a significant portion of the higher interest rates to their customers, that didn’t happen.

In the second quarter of 2024 when the Fed was paying banks 5.5% in interest on deposits, savers were getting an average annual rate of 2.2%, according to regulatory data that includes accounts that do not pay any interest.

At JPMorgan Chase, savers received an annual interest rate of just 1.5% while Bank of America depositors collected 1.7% in interest per year.

With low interest for depositorsbanks gained $1.1 trillion in additional revenue, about 66.67% of what the Fed paid in interest during the last two and a half years. Meanwhile, savers received only $600 billion.

When the Fed lowered interest rates this month, some banking giants were quick to further reduce the interest paid to wealthy depositors, with JPMorgan and Citi announcing 50 bps cuts in line with the Fed’s own actions.

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

ETHENA ANNOUNCES USTB STABLECOIN BACKED BY BLACKROCK'S BUIDL

Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

▪️Ethena has announced a new stablecoin that invests its reserves in Blackrock's real-world asset fund called BUIDL.

▪️The team said UStb can support its synthetic stablecoin USDe during tough market conditions by allowing Ethena’s governance to close USDe hedging positions and reallocate assets to UStb.


Ethena announced today that it's developing a new stablecoin called UStb, which invests its reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).

Its the second stablecoin from Ethenaas earlier this year it launched USDe, a synthetic stablecoin that derives its value from the cash-and-carry trade, an arbitrage strategy between an asset and its derivative to maintain its $1 peg.

In a blog post, the team explained that UStb will be a "wholly independent product" with a different risk profile compared to USDe.

The team also wrote that UStb helps USDe manage risk during tough markets by allowing Ethena's governance to reallocate backing assets to UStb when needed.

USDe has brought about some concern from industry stakeholders who say that while the trade is safe, volatility in the markets – which crypto is known for – can quickly cause it to unwind.

In a thread on X, the team addressed some of these concerns, pointing out that while USDe has remained stable despite recent bearish conditions, it can dynamically adjust its backing between basis positions and liquid stable products and may incorporate UStb during periods of weak funding rates if needed.

Ethena said in the post that UStb will be listed on centralized exchanges like Bybit, Bitget, and any future exchanges that Ethena partners with, where USDe is already used as margin collateral.

More details on UStb will be available in the coming weeks, Ethena said.

@ Newshounds News™

Source:  
 CoinDesk  

~~~~~~~~~

🌍 JIM SAID WHAT? ROCKS IN HEAD OR FACTS? | Youtube

Jim discusses historical information on our Constitution and rights and how we got to where we are today.  Must hear this information.

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Economist’s “News and Views” Saturday 9-28-2024

Commodity Culture: BRICS Gold-Backed Currency to be Serious Rival to the Dollar within 2 Years

Friday, 27 September 2024, 22:04 PM

In an enlightening discussion with Commodity Culture, Simon Hunt painted a vivid picture of a world on the brink of significant geopolitical upheaval. As he delves into the complexities of modern power dynamics, he posits that the BRICS nations — Brazil, Russia, India, China, and South Africa — are poised to turn the tables on what has long been considered Western hegemony.

This change, he suggests, won’t just be economic; it will be accompanied by kinetic conflicts in the Middle East and Europe, presenting a multifaceted challenge to the existing world order.

Commodity Culture: BRICS Gold-Backed Currency to be Serious Rival to the Dollar within 2 Years

Friday, 27 September 2024, 22:04 PM

In an enlightening discussion with Commodity Culture, Simon Hunt painted a vivid picture of a world on the brink of significant geopolitical upheaval. As he delves into the complexities of modern power dynamics, he posits that the BRICS nations — Brazil, Russia, India, China, and South Africa — are poised to turn the tables on what has long been considered Western hegemony.

This change, he suggests, won’t just be economic; it will be accompanied by kinetic conflicts in the Middle East and Europe, presenting a multifaceted challenge to the existing world order.

As the dollar faces threats from rival currencies and growing inflationary pressures mount, investors may increasingly turn to gold not merely as an investment but as a protection against potential currency collapse. The perception of gold as a timeless store of value may experience a renaissance, prompting individuals and nations alike to stockpile the precious metal to buffer against future uncertainties.

Simon Hunt’s discussion with Commodity Culture serves as a clarion call to recognize the dynamic changes underway in global politics and economics. With the rise of BRICS, potential currency wars, and the specter of World War 3, we must prepare for a radically different world.

Investors, policymakers, and everyday individuals need to stay informed about these developments, understand the implications of shifting power dynamics, and take proactive steps to protect their economic interests.

As we look to the future, commodities, particularly gold, will likely form the bedrock of a resilient strategy to navigate the choppy waters ahead. It’s an urgent reminder: in a world marked by conflict and uncertainty, preparedness is the key to survival.

https://youtu.be/17L51oiqbOc

https://dinarchronicles.com/2024/09/27/commodity-culture-brics-gold-backed-currency-to-be-serious-rival-to-the-dollar-within-2-years/

A 1930s Economic Crisis is Here: “I’m Going to Be Screaming to Buy Gold”

Daniela Cambone:  9-27-2024

Join Daniela Cambone for an electrifying episode of The Daniela Cambone Show! Today’s guest, Joel Litman of Altimetry, warns us of a potential return to economic conditions similar to the 1930s and 1970s.

With five key policies being discussed in Washington—including raised taxes, capital gains hikes, and price controls—we could be on the brink of significant market shifts.

 Joel shares why, for the first time in his career, he believes gold could outperform the S&P 500, and he explains the critical factors investors should be watching now.

Could these economic headwinds signal a gold rush? Or will the stock market prevail?

Tune in as Joel dives into how government policies, potential tax changes, and economic history could impact your investments.

CHAPTERS:

00:00 5 things in economy to watch out

3:50 Harris and Biden’s economic plans

5:52 Gold performance

6:46 Stock market

8:30 Fed rate cuts

10:01 Debt crisis

11:42 Trump’s tariff protection policy

14:14 AI 15:41 Gold

18:42 Joel’s conference

https://www.youtube.com/watch?v=aCNgxI4YiWM

US Economy on Brink of Collapse: Japan ditch US Dollar!

Fastepo:  9-27-2024

Foreign governments heavily invest in U.S. Treasury securities, facing significant risks. Rising U.S. interest rates can decrease the market value of Treasuries, leading to potential losses during sudden rate hikes often triggered by inflation.

Additionally, a weakening U.S. dollar diminishes the value of these investments when converted to other currencies, presenting a risk particularly for nations with volatile or strengthening currencies.

Threats of inflation can also reduce the real returns on U.S. Treasuries if the inflation rate exceeds the yields, which erodes the purchasing power of foreign reserves.

Political and geopolitical tensions, such as U.S. debt ceiling debates, may disrupt market confidence and financial market access, increasing investment risk.

Furthermore, liquidity risks during financial crises can force large holders to sell at lower prices, negatively impacting market values. Countries with substantial holdings, like China and Japan, face concentration risks that could result in significant losses if the U.S. financial system struggles or if the dollar sharply declines, complicating their market exit strategies.

As of September 2024, Japan is the top international investor in U.S. government bonds, despite experiencing noticeable fluctuations in its investment levels over the year. In March 2024, Japan held U.S. Treasuries worth approximately $1.87 trillion.

 However, by May, this figure had reduced to about $1.128 trillion following cumulative sales of $59.5 billion, including a significant reduction of $22 billion in May after a $37.5 billion decrease in April.

 https://www.youtube.com/watch?v=V6-Gxg_XZ38

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“Tidbits From TNT” Saturday 9-28-2024

TNT:

Tishwash:  Setting a date to launch 102 investment opportunities in Iraq

Today, Friday, the Chairman of the National Investment Commission, Haider Makiya, set the date for launching 102 investment opportunities in various sectors.

Makiya said, "The Investment Commission is preparing, during the Iraqi Investment Forum conference that will be held on the second of next October, to launch 102 investment opportunities that have completed sectoral approvals," noting that "these projects that will be announced will include various sectors, and will benefit the citizen and the state."

TNT:

Tishwash:  Setting a date to launch 102 investment opportunities in Iraq

Today, Friday, the Chairman of the National Investment Commission, Haider Makiya, set the date for launching 102 investment opportunities in various sectors.

Makiya said, "The Investment Commission is preparing, during the Iraqi Investment Forum conference that will be held on the second of next October, to launch 102 investment opportunities that have completed sectoral approvals," noting that "these projects that will be announced will include various sectors, and will benefit the citizen and the state."

He pointed out that "these projects were the result of numerous discussions within the operations room within the authority, with the membership of the Iraqi Economic Council, as well as the Prime Minister's Office, and a map was drawn up for the projects that are expected to be implemented by the beginning of November."

Regarding environmental sustainability projects, Makiya confirmed that “the Authority is working with Iraqi banks to set goals, plans and applications for banks to finance climate and environmental change projects,” indicating that “the Authority has projects and a round of discussions with the International Finance Organization that will be announced soon.”  link

Tishwash:  Foreign Minister invites his Venezuelan counterpart to visit Baghdad

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein extended an official invitation to Venezuelan Foreign Minister Ivan Gil Pinto to visit Baghdad.

The Ministry of Foreign Affairs stated in a statement received by Al-Maalouma Agency, that “the Minister of Foreign Affairs met with his Venezuelan counterpart, on the sidelines of the 79th session of the United Nations General Assembly in New York, and discussed with him relations between Iraq and Venezuela and the importance of strengthening them after 75 years of its establishment.

The common denominators in the fields of oil production and gas reserves were also discussed, stressing the need for continuous coordination in these important areas.”

International issues of common interest were also discussed, most notably the Palestinian issue. Fuad Hussein thanked Venezuela for its honorable and supportive stances towards the Palestinian cause.

Within the framework of strengthening bilateral relations, the available opportunities for developing cooperation in the fields of agriculture and oil expertise were discussed.

The two ministers focused on the importance of exchanging expertise in exploiting associated gas and enhancing cooperation in this field.

It was emphasized to follow up on the work of the joint committee between the two countries, activate the signed memoranda of understanding, and move forward in completing the procedures for signing the memoranda that are still under completion.

At the end of the meeting, Fuad Hussein extended an invitation to his Venezuelan counterpart to visit Baghdad, to strengthen bilateral relations between the two countries.  link

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

Tishwash:  Kurdistan Finance announces the results of its delegation's recent visit to Baghdad

 The Ministry of Finance in the Kurdistan Regional Government announced the results of its delegation's visit to the capital, Baghdad, regarding the issue of financing the salaries of employees in the region.

A statement by the ministry said, "During the past few days, a delegation from the Ministry of Finance in the Kurdistan Regional Government visited the capital, Baghdad, and met with the federal Ministry of Finance on the issue of financing employees' salaries," noting that "the two sides reached a number of understandings."

The statement pointed out that "the Kurdistan Ministry of Finance has submitted the list of employees' salaries for the months of August and September, as requested by the Federal Ministry of Finance last time."

He added, "In order to cover the deficit in August salaries, which is estimated at 243 billion dinars, the Federal Ministry of Finance decided to disburse the suspended payments from February to August, and it is scheduled to begin distributing salaries at the beginning of next week with the arrival of supplementary funding from Baghdad."  link

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

Tishwsh:  Al-Asadi: We call on citizens to invest in the retirement and social security law

During his visit to Najaf Governorate today, Saturday, September 24, 2024, the Minister of Labor and Social Affairs, Mr. Ahmed Al-Asadi, called on citizens to invest in the Retirement and Social Security Law and expedite registration for optional insurance.

Al-Asadi announced the completion of the procedures for issuing smart cards to more than 17,074 new families during the opening of schools designated for people with special needs.

During the visit, he explained a number of measures regarding what the ministry has accomplished: 

* Issuing smart cards to 13,498 people with disabilities and special needs.

* Completion of the smart card for children with diabetes, amounting to 3496.

* Completion of the smart card for 80 orphans, and they will receive the cash assistance next Tuesday, corresponding to 10-1-2024.

* The number of those included in Najaf Governorate reached more than 110,594 families.

* 2,433 new families from Najaf Governorate were included, and smart cards were issued to more than 1,226 families in Najaf, and they will receive the aid next Tuesday.

* We have completed the transfer of more than 12,000 social protection beneficiaries to the Ministry of Interior, including 998 beneficiaries from Najaf Governorate.

* Today we opened Elia Elementary School for Special Education in Najaf Governorate.

* Today we opened the main reception hall for beneficiaries in the Women's Social Protection Department. 

* Today we opened the safe environment hall for raising children in the Women's Social Protection Department. 

* We opened electronic inquiries and a central computer room for the Social Protection Department for Men.

* We announce that all individuals at Elia School are included in the social protection allowance and the full-time assistant.

* We have directed to take rapid measures to facilitate the granting of loans.

* We directed the Disability Rights Commission to open more than one new medical committee in the governorate.

* We directed to focus on opening new sub-committees for social protection in the governorate.  link

Mot:  ... Issues I Can Get Behind 

Mot: Have a wonderful day everyone. 

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Weekend News With MarkZ and MilitiaMan 9-28-2024

Weekend News With MarkZ and MilitiaMan

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

​​Mod: THECBDGURUS JOIN MARK FOR THE FIRST 45 MINS AND THE NEWS AT 10:30 AM! HAPPY SATURDAY EVERYONE!

Member: Morning all! It’s a great day for an RV!!!!

Weekend News With MarkZ and MilitiaMan

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

​​Mod: THECBDGURUS JOIN MARK FOR THE FIRST 45 MINS AND THE NEWS AT 10:30 AM! HAPPY SATURDAY EVERYONE!

Member: Morning all! It’s a great day for an RV!!!!

Member: GM, everyone, praying for everyone’s safety from this hurricane. Massive damage I’ve seen. So sad.

Member: Prayers for those in Tn and SC that got hit by hurricane and then the 2 dams that broke

Member: What’s up Mark?

MZ: MilitiaMan joins us today as well……Catch us up on what’s happening  in Iraq

Member: I think things are going to go Nuts... Starting October 1st

Member: October 3rd is Iraq’s Independence Day …Might be an excellent day for the Iraqi Dinar to revalue ?!?!

MZ: “Al Sudani advisor indicates a significant development in Iraq’s financial capabilities during 2024” Talking about what they have accomplished with cleaning up banking, more non-oil revenues. This article is a great little victory lap.

MM: Good morning everyone. Iraq has done so much work and we all know Al Sudani was just in New York again at the US assembly. He also had sideline meetings and had his speech and returned home yesterday.

MM I think he has more meetings today ….but his acheivments in 2024 hve been phenominal.  Including international interconnectivity. This showcases the fact that Iraq is going international..Al Sudani also talks about $83 billion for the investment side of the budget for infrastructure….which tells me he needs the money released publically. And he needs to tell his people where the money is coming from.

MM: The world is waiting to see the budget…but Item #4782  has not been released yet in the Iraq Gazette…..there is good reason for it. I am optimistic in includes the new REER (Real Effective Exchange Rate)

MM:They already have the new technology for international interconnectivity that we have all heard about that is fast, accurate using blockchain ledger technology. Everybody needs to be on the same page at the same time on this system

MM: When this happens prepare for shocks. .

MZ: What are your thoughts on Sudani’s speech at the UN?   He talked about them being fully international.

MM: I think the very last part of that speech he says Iraq is taking its rightful place in the international world. It’s interesting that he said that because a year ago this September he was showcased as being the savior of the international financial system. And again in Davos a few months ago where he had the likes of Jaimie Dimon and JPMorgan and the biggest banks in the world there.

MM: Iraq has all the assets, new technologies like the Ayuscuda system at the borders to collect those non-oil revenues and taxes. I believe there are meetings today with Al Sudani and Al Alaq and the banks. At this stage in the game you have to ask yourselves why? I’m hoping it’s to decide not to use the rate of 1310 anymore…..but something different.

MZ: So how close are we…. iyo?

MM: With Sudani back now….why couldn’t it happen at any time? To me there is no reason it could not happen at any time.

MZ: I agree. He’s done the victory tours, he has told the world they are restored and fully international. …Time to see the fruit of his labors.  I wouldn’t be surprised to see my phone blowing up this weekend with the news that it has happened.

MM: I think Sudani is obliged to do this at this point.

MZ: I agree he has done all the groundwork , done all the stuff, paid all their bills….he is kinda obliged to do it.

MM: Basically the non-oil revenues will drive the private sector. Things are playing out….but there is a logic to what we are watching….Central banks have to be prepared for this….and at this point they should be.

MM: Since Sudani and Alaq are meeting today in Iraq with the banking sector I am very optimistic something good will come of this.

MM: I saw an article today “ The head of the Kurdistan party provincial council stressed on Saturday the implementation of Article 140 of the Iraqi constitution. “  This is why my phone was blowing up. This may be why Sudani and everyone are getting together today. With article 140 they need the new value of their assets. I think this is huge.

MZ: That is huge. They need to revalue the assets before the census happens.

Member: I was told as soon as article 140/HCL passes – then we go.

Member: What is article 140

Member: Constitution Article-140 lays down a clear road map to define the final boundaries of the territory to be administered by the KRG.

Member: article 140 us the HCL, hydrocarbon law, which will divide up oil revenues and give to Iraqi people.

Member: With everything happening on oct 1st….maybe Iraq kicks it off with those meetings today.

Member: new SOFR rule going into effect Oct 1st, and FDIC rule on Foreign Currency Swaps Oct 22nd?

Member: And the new US fiscal year starts on oct. 1st.

Member: Mark a buddy of mine that got me into the currencies is part of a humanitarian group. He says they will have access to a portal for exchanges. Have you heard anything about that

Mod: MM THANKS FOR JOINING US! LET'S PRAY THIS GOES

Member: I say they should Turn on EBS and let chips fall where they may!!

Member: 2 moons Sunday night....big things are about to start off

Member: Dreams can become realities... that's why I'm here

Member: Enjoy the weekend everyone…….still hoping for notifications anytime

Mod: SEE YOU ALL LATER>>HAVE A GRAND WEEKEND!!!

Member: Thanks MM, Mark and mods….enjoy the weekend.

MarkZ New Discord link:  https://discord.com/invite/AxGE6k4pvx

Please listen to the full replay for MilitiaMan and CBD Gurus full information and opinions

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

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

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

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

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

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=SVNWdle2wQw

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