“Coffee With MarkZ” Tuesday Morning Chat 10-1-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Welcome to October

Member: God Bless YOU all for hanging on even if it’s by a thread. Praying for everyone to get through this difficult period. Praying it gets better for all of sooner rather than later. It’s been exhausting

Member: Well it’s Tuesday Oct 1….the big day when lots of things are supposed to happen. Guess we wait and see if it does?

MZ: Lots of expectations today on the bond side. Most of that will start occurring around 2 or 3 this afternoon….is what I am hearing. Another contact on the other side of the ocean has an appointment at 7:00 tonight.

MZ: The things I could not share yesterday because I did not have permission to share….we will know if true this afternoon. Meaning Did they or did they not get paid?  We should know conclusively by this evening.

Member: So if bond holders get paid today – I wonder what are we looking at for next steps or timing?

Member: Mark said before – we should be a few days after that….

MZ: I am expecting movement on the bond side which will tell us we are extremely close.

Member: I wonder what is happening with the banks in regards to Basil 3?

MZ: I heard some banks are complying and some are refusing .

MZ: Some good solid stuff out of Iraq: “ The Sudanese advisor clarifies Have electronic payment procedures contributed to persevering the sobriety of the dinar?”  Yes they have. And they dive into it in this article. They announced they have succeeded in restoring the citizen’s confidence in the dinar.

Member: I heard Iraq is having meetings today. Around 4:15 there time. To delete zeros? Hope its true

Member: A lot are posting on X about the 4:15 meeting on foreign exchange rates at the US Fed.

MZ: This is a regular quarterly meeting that discuss foreign exchange rates. So yes that happens at 4:15 today.

Member: Mike Bara said Sudani and Maliki to be arrested if they don't Rv today?

Member: Dow is dropping like a rock this morning.

Member: Mark? Sometimes I wish I had just the right words to convince my wife our blessing is real...It is, right? Big sigh!

Member: I am sure at least Iraq will revalue sometime…to at least 1 to 1…..but as for the rest of the world……at this point not sure.

Member: The more horrible things happen in the world the harder it is to believe in white hats or good guys……where are they?

Member: Even the bad guys need money….So we should see something happen soon.

Member: I know it’s always darkest before the dawn….but our dawn is way overdue.

Member: As bad as it is, we’ve been told it was going to get worse before it got better.

Member: Pray we hear something good RV-wise by tonight. So many people need help right now.

Member: Acapulco Mexico was decimated a few days ago by storm also.

Member: There are 9 storms out there developing now

Member: I feel so bad for the Hurricane people. Many, many prayers to all of them.

There is a lot of news about the Port strikes and Hurricane and storm damage today. Please listen to the replay for all of that information

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

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

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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.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

News, Rumors and Opinions Tuesday AM 10-1-2024

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 Tues. 1 Oct. 2024

Compiled Tues. 1 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 30 Sept. 2024 TNT : “On Friday I was told this would happen Mon/Tues. People in Kurdistan are being told they have a new rate tomorrow Tues. 1 Oct. Banks are currently in meetings at this moment. Brought Feds in last night. All waiting on the go. It’s done. All three letter agencies said their portions are done and expecting it tomorrow morning Tues. 1 Oct. Kurds are always ahead of Lebanon and Kurds got paid yesterday Sun. 29 Sept. It’s the end of the Quarter.

Global Financial Crisis:

Mon. 30 Sept. 2024 SITREP: East Coast Port Strikes

The port strike, involves dockworkers from the International Longshoremen’s Association (ILA), is set to commence at midnight  MONDAYNIGHT, affecting ports across the East and Gulf coasts of the United States.

Scale and Impact: Approximately 45,000 dockworkers are expected to go on strike. This could potentially shut down 36 ports which handle roughly half of the goods shipped into and out of the U.S.

This strike could lead to significant disruptions in the supply chain, potentially causing delays and price increases for a wide range of goods from automotive parts, electronics, to food items like fruits, coffee, and even holiday goods.

Economic Impact: Some sources suggest losses could reach up to $4.5 billion daily if the strike continues.

Why are they Striking?: The ILA is demanding a substantial wage increase, reported to be around 77% over six years, and stricter controls or bans on automation in port operations. This automation, which includes cranes and container-moving technologies, is at the heart of the dispute, with workers fearing job losses.

Preparation: Many businesses have shifting shipments to West Coast ports or preparing for extended supply chain disruptions. I encourage everyone to stock up on essentials. Today… don’t panic.. but just get what you need.

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Mon. 30 Sept. 2024 Red Oct. 1 Starting Gun Julian Assange on Telegram

Are we ready for what is about to commence? October 1st, we are about 24 hrs away from the starting gun. The course of history will change our lives forever. Everything is not going to be roses for everyone starting off, but it will even itself out, and the corrections will be noticed where it was needed for decades.

Banking systems have long been benefiting the wealthy at the expense of average citizens, contributing to economic inequality. High fees, limited access to credit for the underserved, and a lack of transparency have been major concerns. A shift towards decentralized financial systems will allow individuals more direct control over their finances, cutting out intermediaries like banks. Reforms will focus on ensuring underserved communities have access to banking services, credit, and investment opportunities traditionally out of reach.

Tomorrow, LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks. America will potentially start the new fiscal year under a gold-backed US Note, phasing out the current fiat USD over time. Because we are going back to a real value-based economy. And Basel 3 will be the standard way to accomplish this for all financial institutions.

Banks are now required to maintain higher capital reserves, meaning they must hold more secure assets relative to their liabilities. This leads to a stronger, more stable banking system, reducing the chances of another financial collapse. For the real estate industry, this means more responsible lending practices. Developers, homebuyers, and investors can be more confident that their loans are being issued by stable financial institutions with better safeguards.

Which is why I constantly tell you all to only do business with Basel 3 banks. I never said all banks are evil or that we should avoid them and start bartering. I’ve always stated Basel 3 is the way to go. So if a bank goes under, it’s more than likely because they weren’t compliant with the new Basel protocol.

We are entering a new phase of our lives. This point in history marks the official start of the long-awaited changes we desperately needed. We are at the doorstep, ready to step into this future with confidence that everything will work out to our benefit in both the short and long term. These changes will be welcomed by everyone who has long sought a new way of doing things.

So understand this: we will never be the same after this. Nothing will. We deserve to live in a world where we are not solely focused on survival—a low vibrational way of living that feeds the very system we want to escape. We’ve been corrupted by this system, putting profits above fairness, equality, and even God and humanity. All of this will begin its realignment back to God just hours from now.

Hope you all are ready. Things will speed up, and we should have a very big October.

Read full post here:  https://dinarchronicles.com/2024/10/01/restored-republic-via-a-gcr-update-as-of-october-1-2024/

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

Harlequinc3  [Response to Guru Clare's Article post below] This guy’s only got 1/2 the picture...CBI won’t just remove 3 0s without adjusting the nominal exchange rate and then adding purchasing power to the dinar — a rate change to you and me, we might call it an RV, though their end game is reinstatement...This guy is just referring to swapping out currency for Iraqis only. He’s not taking into account what happens to the dinar internationally...To an Iraqi, removing 3 0’s is just taking old dinar out of circulation and replacing it with smaller bills/digital payments. That’s why this guy is talking about a partial peg. The CBI is talking about a pure float. He’s only looking at half the process. This article is addressed to Iraqis only. IMO of course.

Clare  Article:  "What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud Dagher"  Quote: "Economist Mahmoud Dagher pointed out that deleting zeros will not change...the purchasing power of the dinar...Instead of carrying a bundle of 50,000 dinar notes, it will be possible to compress them into a smaller number of notes after removing the zeros, and this will not change their purchasing power.

9-30-2024   Intel Guru Frank26   They're giving them a date of when they're going to stop the auctions, the window.  Now they tell them we're lifting three zeros, you're getting purchasing power.  They tell them you're getting the HCL.  Then they go a step further and they said our currency is going to be stronger than the Jordanian dinar...It's going to be more than Jordan's currency...I believe they're going to reach the REER through the float at around $4.25...

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

IQD Remains Stable Amid Tensions in Iraq Breaking News Zimbabwe

Edu Matrix:  10-1-2024

IQD Remains Stable Amid Tensions in Iraq Breaking News Zimbabwe - IQD Rate - Protest Over Death of Hezzabaha Leader -ZiG Currency Drops to 25 Zig to One U.S. Dollar - Up from 14 Zig to One U.S. Dollar.

https://www.youtube.com/watch?v=gPOj1ka34PQ

Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure Investment – Global

Iraq Dinar News - Iraqi Stock Exchange - Private Sector - Water - Infrastructure Investment – Global

MilitiaMan and Crew:  10-1-2024

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

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

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 10-01-24

Good Morning Dinar Recaps,

IOTA Powering Trade Across Africa: TLIP Takes Innovative Solutions to East Africa

▪️IOTA is among the sponsors of the African Customs & Trade Conference that takes place in Nairobi on October 7th

▪️The Trade and Logistics Information Pipeline (TLIP) will represent the IOTA ecosystem and display its market-leading solutions built on the IOTA network.

IOTA has been facilitating innovative solutions across the globe for years, with Africa among the regions where it’s changing the most lives. Come October 7th, IOTA will be showcasing its innovations and impact across the region as one of the sponsors of the African Customs & Trade Conference (ACT).

ACT will be held in Kenya’s capital, Nairobi, between the 7th and 9th of October and will focus on effective trade facilitation in the world’s fastest-growing continent under the theme “Borderless trade: Effective trade facilitation in the digital age.” 

Organized by Kenya’s tax agency, KRA, it will bring together industry thought leaders, including the heads of the revenue collection agencies across all 54 African nations. Others will include policymakers, academia, research organizations, trade experts, and tech providers.

IOTA has joined the event as a sponsor, alongside the likes of the Tony Blair Institute for Global Change, Germany’s main development agency, GIZ, and the Africa Export-Import Bank.

The IOTA ecosystem will be represented by the Trade and Logistics Information Pipeline (TLIP). It noted:

Join 54 Heads of Revenue Authorities, policymakers, & innovators at the ACT Conference, shaping the future of trade in Africa. We’re excited that TLIP built on IOTA, will present its digital solutions for streamlining customs & cross-border trade.

In a separate post, TLIP stated: “Expect discussions on innovative solutions to enhance trade across Africa, exploration of next-gen tech, and networking with key players in the sector.”

IOTA in Africa
TLIP has championed IOTA in the African region. Through its digital infrastructure, it enables secure and efficient cross-border collaboration between multiple parties, all done on the scalable, efficient, and feeless IOTA network.

TLIP enables participants across the entire supply chain to share and access digital trade documents in real-time, sourcing data and information from local databases, like Kenya’s tax agency database, as well as regional and global data ledgers. These documents range from export declarations, certificates of export, airway bills and more.

Globally, over $32 trillion is expected to be traded this year, with globalization leading to a more interconnected supply and distribution ecosystem that encourages specialization. However, despite its size, this sector is burdened by tedious and unreliable manual processes and paperwork.

Digital processes have failed as most participants don’t trust each other and have no way of verifying and authenticating information independently. new global trade avenue than the feeless and scalable IOTA?

This makes blockchain technology a perfect solution, and what better network to build this new global trade avenue than the feeless and scalable IOTA?

As we have reported in the past, IOTA has been facilitating global interconnected and sustainable trade via TLIP. The two have expanded to new frontiers, such as maritime activities, where cumbersome processes cost participants billions of dollars every year.

@ Newshounds News™

Source:  Crypto News Flash

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EAST AND GULF COAST PORTS SHUT DOWN AS THOUSANDS OF WORKERS GO ON STRIKE

Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and choking off deliveries of everything from produce to auto parts.

Consumers aren’t likely to feel the pinch unless a walkout lasts for multiple weeks, because businesses and logistics firms took pre-emptive steps to blunt the impact with the holiday shopping season about to kick off. But a work stoppage could still cost the U.S. economy anywhere from several hundred million dollars to $4.5 billion a day, analysts and business groups say. Costs from redirecting goods along longer routes would be passed on to consumers.

The ports handle about half the ocean imports in the U.S. Varying estimates say the strike encompasses 25,000 to 50,000 members of the International Longshoremen’s Association. All told, the ILA has 85,000 members.

 Union leaders argue that big global cargo carriers have raked in huge profits since pandemic-era supply-chain snags drove up freight rates, saying workers haven’t sufficiently shared in those gains.

In a video posted to an ILA Instagram account, Harold J. Daggett addressed union workers at Maher Terminals in Elizabeth, New Jersey.

"This is going down in history what we're doing here," he said.

"They can't survive too long," he added.

The strike caps months of heated rhetoric between the union and the United States Maritime Alliance, or USMX, which represents major ocean freight and port operators.

The union is seeking raises, as well as limits on automation at ports that it says could cost jobs. The two sides hadn’t negotiated in the days leading up to the potential stoppage.

“The Ocean Carriers represented by USMX want to enjoy rich billion-dollar profits that they are making in 2024, while they offer ILA Longshore Workers an unacceptable wage package that we reject,” the union said in a statement Monday.

The USMX, meanwhile, said that it had been exchanging offers with the union and had hoped to avoid a work stoppage.

“Our offer would increase wages by nearly 50 percent, triple employer contributions to employee retirement plans, strengthen our health care options, and retain the current language around automation and semi-automation,” it said in a news release.

Several industries are prepared for the strike, having ordered goods in advance when it became apparent that a stoppage could start Tuesday, but analysts expect more serious impacts if the walkout lasts several weeks or longer. Trucking and other logistics companies raced in recent days to get as many goods as possible out of ports before a potential strike.

The vast port operations of New York and New Jersey stand to be most affected, with about 4,500 workers. New York Gov. Kathy Hochul said in a news release that she urged the two sides to come to an agreement but that preparations had been made to keep shelves stocked.

"In preparation for this moment, New York has been working around the clock to ensure that our grocery stores and medical facilities have the essential products they need," she said. "It’s critical for USMX and the ILA to reach a fair agreement soon that respects workers and ensures a flow of commerce through our ports. In the meantime, we will continue our efforts to minimize disruption for New Yorkers."

Business groups, including the U.S. Chamber of Commerce, have urged President Joe Biden to intervene using the 1947 Taft-Hartley Act. Under that authority, Biden could seek a so-called 80-day cooling-off period that would force dockworkers to stay on the job.

But while the White House has been in touch with the ILA and the USMX in recent days, Biden has said he isn’t looking to invoke the law. An intervention could also unsettle relations with organized labor 35 days before Election Day, as Democratic Vice President Kamala Harris looks to maximize her union support against Republican former President Donald Trump.

“Because it’s collective bargaining, I don’t believe in Taft-Hartley,” Biden told reporters Sunday.

@ Newshounds News™

Source:  NBC News

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INVESTMENT BANK REPORT IDENTIFIES RIPPLE AS A MAJOR COMPETITOR TO SWIFT

A report from global investment bank Houlihan Lokey mentions innovations in cross-border payments, revealing Ripple as a growing challenger to SWIFT.

A recent report from investment banking firm Houlihan Lokey discusses the improvements transforming the cross-border payments sector. The report, released in April as a Market Update, was recently spotlighted by XRP community figure WrathofKahneman (WOK).

One of the observations pointed out by WOK is that Ripple, a blockchain-based payment solution, is emerging as a serious competitor to SWIFT, the dominant player in cross-border payments for decades.

The report stressed that the cross-border sector sees about $190 trillion flowing globally in transactions annually. Notably, this makes the market a lucrative space where even incremental improvements in efficiency or cost reduction can have massive impacts.

Fragmented Payments Sector Presents Ripple with Opportunities
Per the report, the international payments market, while large, faces fragmentation. Traditional banking systems rely heavily on intermediaries, adding both cost and complexity to cross-border transactions.

These inefficiencies make the market ripe for disruption, particularly through new technologies that can simplify the process and reduce expenses. Ripple, leveraging blockchain technology, has positioned itself as a challenger to the legacy SWIFT network.

Notably, the system Ripple uses helps to provide faster settlement times, lower fees, and enhanced security compared to traditional banking systems.

Ripple and Blockchain Gaining Momentum
According to the report, Ripple and other blockchain solutions are beginning to make inroads into the cross-border payments market, competing with card networks and SWIFT’s established dominance.

Meanwhile, Ripple’s partnerships with various fintech companies further solidify its position. The report also highlights Airwallex, Nium, and Wise as other firms that are driving growth in this space. Two of these companies are Ripple partners.

For instance, Ripple’s partnership with Airwallex, confirmed in 2017, focuses on enabling efficient cross-border payments across its extensive network of business clients. Nium also teamed up with Ripple in 2020 to enhance its remittance services using RippleNet.

SWIFT Still Dominant but Facing Stiff Competition
Although SWIFT remains the leader, the report confirms its competition on multiple fronts. Besides Ripple and blockchain solutions, other fintech companies are providing alternative services that cater to the needs of businesses and individuals.

The report notes that firms such as Payoneer, TransferMate, and Thunes are also making strides, targeting the same clients who are tired of high fees and delayed settlement times typical of traditional systems.

The global cross-border business-to-business (B2B) payments market, expected to grow from $39.3 billion in 2023 to $56.1 billion by 2030, provides room for competition. Ripple’s positioning will likely become even more prominent amid the growing demand for more efficient, lower-cost solutions.

Furthermore, in the remittance space, Ripple’s partnerships with companies like Tranglo are already proving transformative. Tranglo joined forces with Ripple years back, but only fully integrated the ODL service from Ripple across all its routes in 2022.

@ Newshounds News™

Source:  The Crypto Basic  

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🌍Comparing Kuwait's Revaluation to the GCR  |  Youtube

 @ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Suze Orman: 1 Reason You Should ‘Absolutely’ Own Bitcoin

Suze Orman: 1 Reason You Should ‘Absolutely’ Own Bitcoin

GoBankingRates  Kellan Jansen  September 23, 2024

Suze Orman is a financial host and author, and in a recent interview with CNBC, she said she believes “everyone should absolutely” own the cryptocurrency bitcoin. Usually, people who support bitcoin as an investment view it as a store of value — but Orman doesn’t.

Here’s the real reason you should own the No. 1 crypto asset by market cap, according to Orman.

Young People Are Fascinated by Bitcoin

Orman’s main idea is that young people are excited by bitcoin, and they’re likely to continue buying it for years. This, she argued, should be positive for the coin’s price over time.

Orman doesn’t buy into the idea that bitcoin will become a store of value like gold or supplant the dollar. But she does view it as a speculative asset that may still have room to run in the future.

However, Orman doesn’t recommend putting all of your money into the crypto market. She said you should invest only what you can afford to lose. That aligns with the general recommendation of allocating no more than 5% of your portfolio to crypto.

Orman is correct in pointing toward younger generations’ interest in cryptocurrency. Millennial and Gen Z investors are now as likely to own crypto as they are to own real estate. One reason for that could be dissatisfaction with the current financial system.

But Orman doesn’t evaluate further than this. She argued that the buy-in from young people is all that really matters. In other words, as long as people continue believing in bitcoin, its price should keep increasing.

Is Orman Right About Bitcoin?

TO READ MORE:  https://www.aol.com/suze-orman-1-reason-absolutely-140020392.html

Iraq Economic News and Points To Ponder Monday Evening 9-30-24

Al-Haims Expects Lifting Of "Sanctions" On Iraqi Banks: No Violations Proven

Banks  Economy News – Baghdad  The Chairman of the Securities Commission, Faisal Al-Haims, confirmed that foreign auditing companies have not proven any violations against the sanctioned Iraqi banks, expecting the US sanctions to be lifted, especially after the Prime Minister’s recent visit to New York.

Al-Haims said, in a televised interview, which was viewed by “Al-Eqtisad News”, that “the Iraqi market needs a banking sector with global compliance standards in order to ‘survive’”, stressing that “the commission aims to increase the number of stock traders by 500%.”

He continued: "We were recently granted the authority to open new branches of the Iraq Stock Exchange, and we agreed to open two new branches in the governorates of Erbil and Sulaymaniyah. We are open and seek to expand the market's spread base and we will agree to any request to open a new branch if the legal conditions are met."

The Chairman of the Securities Commission confirmed: “We are working on promotional campaigns to introduce the function and benefits of investing in the Iraqi Stock Exchange, and the investment sectors in it as well, although the current efforts need greater momentum, but we seek to develop an effective strategy to increase the number of investors in the Iraqi Stock Exchange to 5 times their current number of more than 40 thousand investors, during the next two years.”

He pointed out that "foreign auditing companies have not proven any violations against the sanctioned Iraqi banks, and this is sufficient to lift the Federal sanctions, and we hope that the Prime Minister's visit to the United States will contribute in this direction."

He explained that "the Iraqi economy depends entirely on oil revenues and imports to meet local needs, which confirms the difficulty of living without an effective banking sector, and therefore there is no choice but to create a real banking movement that applies international compliance standards."

He explained that "there is a credit problem in private banks, as customers prefer government banks, despite the big difference in the quality and volume of services provided at the level of deposits and borrowing. However, the government banking sector takes over more than 70% of customers." 305 views 09/30/2024 - https://economy-news.net/content.php?id=48162

Middle East Tensions Ignite Oil Prices In Global Markets

Energy Economy News – Baghdad  Oil prices extended gains on Monday, supported by mounting concerns about potential supply pressures from Middle East producers after increased Israeli attacks on Iranian-backed forces in the region.

Brent crude futures for November delivery rose 51 cents, or 0.71 percent, to $72.49 a barrel by 0330 GMT.

Brent expires on Monday and the most active contract for December delivery rose 50 cents, or 0.7 percent, to $72.04.

U.S. West Texas Intermediate (WTI) crude futures rose 43 cents, or 0.63 percent, to $68.61 a barrel.

Prices were supported on Monday by the prospect of a widening conflict in the Middle East with Iran, a major producer and member of the Organization of the Petroleum Exporting Countries (OPEC), after Israel intensified its attacks on Hezbollah and Iranian-backed Houthi militias.

Later Monday, markets will be looking to hear from Federal Reserve Chairman Jerome Powell for clues on the pace of monetary policy easing. 131 views  09/30/2024 - https://economy-news.net/content.php?id=48150

The Iraqi Market Trades Shares Worth More Than 55 Billion Dinars In A Month

Stock Exchange  Economy News – Baghdad  The Iraq Stock Exchange organized (21) trading sessions in September 2024 at a rate of five sessions per week. The session was not organized on Sunday, September 15, 2024, due to it coinciding with the birth of the Prophet. The most important indicators achieved are:

1. The number of companies listed in the market is (107) joint stock companies.

A. Of which (103) companies are included in the trading platforms for listed companies.

B. And (4) companies within the OTC platform for unlisted companies

T. A new banking company is still under procedures for the second platform, and (7) companies are under procedures on the OTC platform. In addition to other companies awaiting the necessary approvals for their listing.

2. Trading shares of (77) joint stock companies during the month of September.

3. The total number of shares traded amounted to 547.5 billion shares.

4. The total value of traded shares amounted to 55.3 billion dinars, up by (28%) compared to August.

5. The number of executed contracts reached (18,104) contracts, an increase of (53%) over August.

6. The ISX60 index closed at (929) points in the last session of September 2024.

Up by (8%) from its August closing of (858) points.

7. The ISX15 free float index closed at (1031) points in the last session of September 2024, achieving an increase of (6%) over its August closing of (969) points.

Until 9/30/2024, the market organized (179) trading sessions, and the number of traded shares reached (457,349,800,205) shares, with a value of (480,857,357,354) dinars, through the execution of (127441) contracts.

Second: Market news

The Board of Governors held its fourth session for the year 2024 on 9/5/2024, during which it discussed the monthly report, its indicators, and market indicators, in addition to other topics, and took appropriate decisions regarding them.

Third: Listing of government bonds

The market announced the start of depositing the first issue of “Enjaz” bonds, starting from Sunday 9/29/2024.

The issue size is worth (1.5) trillion dinars and in two categories:

1. Category 500,000 dinars with an annual interest of 6.5% paid every six months for a period of two years.

2. Category 1,000,000 dinars with an annual interest of 8.5% paid every six months for a period of four years.

Fourth: Company News

- (6) joint stock companies held their general assemblies meetings during the month of September 2024, bringing the number of companies that held their general assemblies during the past nine months to (45) joint stock companies.

The market also publishes the statement of the meeting of unlisted companies based on the Companies Law.

- Based on Regulation No. (Cool and the decision of the Securities Commission in its letter No. 13/32 dated 9/2/2024, trading was suspended as of the session of 9/4/2024 on the shares of the companies (National Chemical and Plastic Industries - Kurdistan International Islamic Bank - United Investment Bank) and the suspension continues on Zain Iraq Islamic Bank Company, for not submitting the final financial statements ending on 12/31/2023.

Based on Regulation No. (23) and the decision of the Securities Commission in its letter No. 10/2056 dated 9/23/2024, trading in the shares of the companies (National Chemical and Plastic Industries - United Investment Bank) was transferred to the platform of non-disclosing companies, starting from the session of 9/25/2024.

Based on the decision of the Securities Commission in its letter No. 7/2057 dated 9/23/2024, trading in the shares of Babylon Bank Company was suspended as of the session of 9/25/2024.

Fifth: Market platforms

Trading in the Iraq Stock Exchange is organized through (38) brokerage companies from their headquarters spread across Baghdad using trading platforms - the platforms are classified according to the nature of the listing and the percentages of change in price for each type:

Regular M platform, the price change rate is 15% of the previous closing price.

- The second platform is Second M, and the percentage of change in price is 20% of the previous closing price.

- The third platform - the platform for the least disclosing companies. The percentage of change in price is 5% from the previous closing price.

- The ISX-OTC platform for non-listed companies. The number of companies registered on it after the approval of the Securities Commission is (4) joint-stock companies.

(6) companies are undergoing procedures at the Depository Center and submitting the shareholders’ register, and (2) companies are under audit for the purpose of issuing the required approval.

- G. Bonds Government Bonds Platform

300 views  Added 09/30/2024 - https://economy-news.net/content.php?id=48176

Director General Of Ports Announces Completion Of All Sections Of The Five Berths Project Within The Grand Faw Port

Monday 30 September 2024 14:15 | Economic Number of readings: 239  Basra / NINA / The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, announced today, Monday, the completion of all sections of the project to build five berths within the project to establish a container terminal for the Grand Faw Port.

Al-Fartousi said: "The company implementing the Grand Faw Port project has completed all sections of the project to build five berths within the project to establish a container terminal in the port."

He explained that "the area of ​​the berths project is (167,000) m2, where the depth excavation of the berths facade was completed and reached a depth of (22.6) m, and it was fully furnished."

He added that "the amount of excavation in the berths facade amounted to (2,600,000) m3, where it was also fully furnished," indicating that "the number of pillars that were fully completed amounted to (1736) tubular pillars, while the weight of the rocks of different sizes used was (1,500,000) tons."

Al-Fartousi continued: "The number of connecting bridges reached (880) bridges, and the number of fully completed fenders reached (117) fenders, while the number of fully completed ship berths was (144) berths," noting that the yard was also completed to connect to the five docks. It is

noteworthy that the project to establish the container terminal for the Grand Faw Port, which is one of the five projects of the project, includes the construction of five giant docks to unload ships with a length of (1750) meters, and the construction of a container yard with a length of (1750) meters. / End

https://ninanews.com/Website/News/Details?key=1158748

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

Seeds of Wisdom RV and Economic Updates Monday Evening 9-30-24

Good Evening Dinar Recaps,

BINANCE KAZAKHSTAN OBTAINS FULL DIGITAL ASSET TRADING FACILITY LICENSE

Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA).

The license authorizes Binance Kazakhstan to operate a digital assets trading facility, act as a broker-dealer, and provide custody services for digital assets.

Kazakhstan has become the first country in Central Asia where a Binance entity has secured a regulatory license, highlighting the nation’s forward-looking approach to financial innovation and Binance’s sustained commitment to operating at the highest standards of trust and security in line with all applicable local regulations.

For Binance Kazakhstan, obtaining the full DATF license meant undergoing a rigorous and comprehensive review, including an External Financial Audit, ISO certifications, and multiple internal and external audits to ensure full compliance with all applicable regulatory requirements.

The multi-stage review by the regulator saw Binance Kazakhstan being assessed against the standards set out in a variety of specialized codes and rulebooks: the AIFC Digital Asset Activities, Conduct of Business Rules, AML laws, and other relevant regulations.

The resulting approval underscores the fit of Binance Kazakhstan’s robust systems, controls, and cybersecurity protocols for the task of providing a secure, compliant platform for digital-asset trading.

@ Newshounds News™

Source:  Forex News Group

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ROBINHOOD VP QUASHES STABLECOIN LAUNCH RUMORS

Kerbrat told Decrypt in an interview on Sept. 30 that Robinhood has no active plans to explore the development of a stablecoin.

Robinhood Crypto Vice President and General Manager Johann Kerbrat put an end to recent rumors that the fintech giant has plans to launch its own stablecoin.

Kerbrat told Decrypt in an interview on Sept. 30 that Robinhood has no active plans to explore the development of a stablecoin.

Kerbrat said:

“At this point, we don’t have any immediate plan to launch a stablecoin. The rumors are always interesting, but we haven’t really spent time on it.”

His comments come after a recent Bloomberg News report claimed Robinhood and Revolut were looking to launch a stablecoin.

Despite rising interest in stablecoins, Kerbrat emphasized that Robinhood has no imminent plans to enter this space. He added:

“It’s always interesting to see where people think we’re going to go next, but for now, that’s not part of our roadmap.”

Hello, World!

Robinhood’s approach to stablecoins has largely been through partnerships, including the listing of Circle’s USD Coin (USDC). Meanwhile, Revolut has expanded its crypto offerings but has not confirmed any specific plans for a stablecoin launch.

@ Newshounds News™

Read more:  CryptoSlate

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FULLY FUNCTIONAL RIPPLE STABLECOIN (RLUSD) WILL NOT LAUNCH THIS YEAR: EXPERT

The XRP community is currently abuzz with speculation regarding the imminent release of the Ripple stablecoin, RLUSD. Contrary to widespread rumors, Vet (@Vet_X0), a recognized XRPL dUNL validator and co-founder of the leading NFT marketplace on the XRP Ledger “xrp.cafe,” has clarified that the RLUSD will not be fully functional on the XRPL this year.

Why The Ripple Stablecoin Will Not Be Fully Operational This Year
In a detailed post on X, Vet explains the technical constraints: “Expectation management! RLUSD will either only launch on ETH this year, or they launch also on the XRPL but without the ability to be used in the AMM on the XRP Ledger initially, but with the DEX orderbook. I expect, or rather hope, for the latter.”

Vet further elaborated on the reasons, pointing to the ‘clawback’ feature enabled on RLUSD, which the XRP Ledger currently does not support in its Automated Market Maker (AMM). 

“RLUSD is a stablecoin with clawback settings enabled. Tokens with this setting are denied by the XRP Ledger to be used in the AMM. There are amendments in the works to help solving this,” Vet added.

The key amendments cited by Vet include XLS-73 AMM Clawback and XLS-77, which are designed to enhance control over trustlines and restrict the transferability of RLUSD under certain conditions. XLS-73 aims to modify the AMM system to accommodate assets with clawback features, while XLS-77 is intended to allow for a more comprehensive freeze of Trustlines further securing the network against misuse by blacklisted accounts.

“In other words, because the XRPL is decentralized these amendments are impossible to predict when they will come, especially given the fatigue I observed. I love seeing people be excited about things happening on chain via the tracker I made, educating themselves on trustlines and IOUs on the XRPL is exactly where I want attention to go to, as opposed to screenshots of articles, partnerships and secret committee hot air talk,” Vet concluded.

Notably, Ripple Chief Technology Officer (CTO) David “JoelKatz” Schwartz did not dispute Vet’s overall assessment but did provide a clarification on a specific technical point in Vet’s explanation. In a commentary on X, Schwartz noted: 

“FWIW, I’m not sure I like the description of XLS-77 as a ‘deeper’ freeze. If anything, it’s less deep. Unless I’m missing something, in any case where XLS-77 makes a difference, an asset that would have been frozen is, instead, not frozen.”

Vet responded to Schwartz’s critique by refining his terminology, acknowledging the complexity of the terms and their implications across the XRPL infrastructure: “Good point…hmmm…in my mind it made sense because the freeze goes beyond the trustline, it includes the payment engine and dex – maybe that’s why ‘deep.'”

Daniel Keller, another well-known figure within the XRP community, sought further clarification if the core statement about the Ripple stablecoin is pure speculation or a fact. Vet confirmed the technical barriers: “Confirmed by the XRP Ledger that it’s not possible. Unconfirmed what way they will go, only ETH or ETH and XRPL but with the AMM restrictions.”

@ Newshounds News™

Source:   Bitcoinist  

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66th NABE Annual Meeting: Luncheon Address - A View from the Federal Reserve Board

Powell on the Economy Today, "we see the risks to achieving our employment and inflation goals as roughly in balance."

"Our policy rate had been at a two-decade high since the July 2023 meeting. At the time of that meeting, core inflation was above 4 percent, well above our target, and unemployment was 3.5 percent, near a 50-year low. In the 14 months since, inflation has moved down, and unemployment has moved up, in both cases significantly. It was time for a recalibration of our policy stance to reflect progress toward our goals as well as the changed balance of risks."

@ Newshounds News™

Sources:  Youtube
Federal Reserve

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KASIKORNBANK LAUNCHES FIRST LICENSED THAI DIGITAL ASSET CUSTODIAN

The new custody service will be just the latest in the bank's new digital asset and AI activities.

Thailand’s Kasikornbank, its second-largest bank by assets, intends to launch orbix Custodian as the country’s first licensed digital asset custodian, Kasikornbank, also known as KBank, announced. orbix Custodian obtained a Digital Asset Custodian license from the Ministry of Finance and will be supervised by the Securities and Exchange Commission (SEC).

The orbix Custodian’s license was granted on Sept. 13 but only announced two weeks later. The business is expected to begin operations in early 2025.

A busy month for digital assets at KBank
The launch of the custody service is the latest in a series of moves Kasikornbank has made in the crypto space. President Pipit Aneaknithi said in a statement: 

“This will lay a strong foundation for further development of digital financial infrastructure, promoting Thailand as a digital economy hub and advancing the country's digital industry, in response to government policy to accommodate future changes in the financial sector.”

Kasikornbank owns orbix Custodian through its digital-focused Unita Capital subsidiary. It joins orbix Invest and orbix Technology. The orbix Trade platform is a cryptocurrency exchange that was known as Satang before its acquisition by Unita Capital in October 2023.

orbix Technology offers blockchain infrastructure services. That division was inherited from Satang.

At the beginning of September, orbix Technology launched the Q-Bond project. Q Bonds worth 500 million baht ($15.4 million) were issued on the Quarix blockchain. The bonds have one-year maturity and a fixed interest rate of 2.38%. KBank and state-owned oil and gas company PTT were partners in the issue.

orbix Invest is a digital asset fund manager that launched in July. KBank introduced orbix Reward at the beginning of September as a customer loyalty program for orbix Trade. The customer’s first opportunity to earn an orbix Reward is after completing its Know Your Customer verification.

KBank has its finger in the AI pie too

In addition to its digital asset operations, KBank subsidiary Kasikorn Business Technology Group (KBTC) has joined AI Singapore and Google Research in developing large language models (LLMs) in Southeast Asia in Project SEALD (Southeast Asian Languages in One Network Data). The project was launched in March, and KBTG’s participation was announced on Sept. 24.

The partners are looking to create LLMs in Thai, Indonesian, Tamil, Filipino and Burmese.

@ Newshounds News™

Source:  CoinTelegraph

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Japan to potentially lower capital gains tax on crypto in regulatory review

Reclassifying digital assets under the Financial Instruments and Exchange Act could significantly reduce the current 55% tax rate on crypto gains.

Japan’s Financial Services Agency (FSA) is poised to reassess its crypto regulations, potentially reducing taxes on crypto gains and reclassifying digital assets in a bid to foster a more favorable investment environment by 2025, Bloomberg News reported Sept. 25.

The FSA’s upcoming review, which will continue through the winter, will determine whether the existing framework under the Payments Act adequately reflects the evolving role of cryptocurrencies.

Regulatory review
According to the report, the agency may shift the classification of digital assets to fall under the Financial Instruments and Exchange Act. This change could impose stricter investment regulations while also potentially reducing the tax burden on crypto-related profits.

Such a change by the FSA could lead to a significant reduction in the tax rate on crypto gains, which currently reaches as high as 55%. If reclassified as financial instruments, digital assets could be taxed at around 20%, aligning them with stocks and other financial assets.

The local industry has long argued that the high taxation has hindered growth and believes relief in this area will lead to significant growth as it encourages investing.

In addition to tax cuts, the review may also result in the approval of exchange-traded funds (ETFs) containing digital tokens, which would further integrate cryptocurrencies into Japan’s broader financial market.

For years, the FSA has sought to balance promoting innovation in the digital asset space with the need to protect investors. This latest review signals a continued effort to find a middle ground that fosters growth while ensuring regulatory safeguards remain in place.

@ Newshounds News™

Read more:  CryptoSlate

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🌍 XRP VS TRADITIONAL BANKING: WHY BANKS ARE EYEING RIPPLE!  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday Night 9-30-2024

Thoughts From Ariel

Tomorrow LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks. America will potentially start the new fiscal year under a gold-backed US Note as phase out the current fiat USD over time. Because we ate going back to a real value based economy. And Basel 3 will be the standard way to accomplish this for all financial institutions. 

 Banks are now required to maintain higher capital reserves, which means they must hold more secure assets relative to their liabilities. This leads to a stronger and more stable banking system, which reduces the chances of another financial collapse. For the real estate industry, this means more responsible lending practices. Developers, homebuyers, and investors can be more confident that their loans are being issued by stable financial institutions with better safeguards in place.

 Which is why I constantly tell you all to only do business with Basel 3 banks. I never told you all that all banks are evil and that we should avoid them and start bartering our way out of this mess. I do not know why people like to infer more than they like to understand and presume I was the one who told them things as if it was scripture. I have always stated Basel 3 is the way to go. So please understand if a bank goes under its more than likely they were not compliant with the new Basel protocol or policy. 

 We are entering a new phase of our lives and we have to understand we are at a point in history that will mark the official  start of long waited changes we so desperately needed in our country and across the world. And we are at the doorstep ready to step in to this future will the confidence that everything will work itself out to our benefit in the short & long term on many levels that will be welcomed by everyone who have long sought a new way of doing things. 

So I hope you all understand this and know that we will never be the same after this. Nothing will. And we deserve to live in a world where we are not solely focused on survival which is a very archaic low vibrational way of living that feeds the system we want to escape. Which is the irony of it all.

We have become corrupted by its ways and have foregone a more natural way to interact with our environment just for the sake of making another dollar that has put profits above fairness & equality.  But most of all God and humanity had taken a back seat to which we have allowed ourselves to be exploited in school, church, job, and way of life. All of this will begin its realignment back to God hours from now.  

Hope you all are ready. Things will speed up and we should have a very big October.

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KTFA:

Clare:  Internal and external debts "exhaust" the Iraqi budget, and experts diagnose the reasons

9/30/2024

 The Iraqi government took a series of measures to reduce the external public debt from the financial surpluses achieved as a result of the rise in oil prices, and succeeded in reducing it. However, in return, the internal debt rose to exceed 70 trillion dinars to bridge the gap in financial liquidity and operating expenses.

Iraq continued to borrow externally after 2003, especially during the oil price collapse that coincided with security operations against ISIS in 2014, in addition to internal borrowing to cover the country's general budget deficit.

The International Monetary Fund said that Iraq's internal imbalances were exacerbated by the large financial expansion and the decline in oil prices, noting that Iraq needs to gradually correct the public finances to achieve debt stability in the medium term and rebuild financial reserves.

"Dead" debts

Member of the Parliamentary Finance Committee, Jamal Kojer, said in an interview with Shafaq News Agency, "The external debt found in the reports available to us is a dead debt related to the Gulf War. These debts date back more than 30 years and countries do not demand them, so they are not real debts. If the Iraqi state demands their cancellation, they will be cancelled."

He points out that "the internal debt, which exceeds 70 trillion Iraqi dinars, is gradually increasing because the state's revenues are less than expenditures, and despite that, it is not a frightening debt."

According to official data, Iraq's internal debts amount to $50 billion, which are collected within the official and governmental financial apparatus, in addition to the existence of outstanding debts to eight countries, including Iran, Saudi Arabia, Qatar, the Emirates and Kuwait, amounting to $40 billion. These debts are questionable from Iraq's point of view and have not been written off, despite being subject to the Paris Club.

Low external debt

In turn, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained in an interview with Shafaq News Agency, that "Iraq is considered one of the countries with very little external debt, as the total debts due do not exceed 10 billion dollars, and these have annual allocations in the federal general budget to extinguish them, and they must be extinguished by 2028."

"The external debt is the remnants of the pre-1990 settlements," he added, noting that "Iraq is considered to have high creditworthiness according to the classification of international companies such as S&P Global Ratings and Fitch, and therefore the external debt does not exceed 5% of the gross domestic product compared to the international standard that accepts debts up to 60% of the gross domestic product."

Saleh points out that "there are internal debts amounting to 76 trillion dinars caused by two financial crises, the first of which was between 2014 and 2017, which was the war against ISIS terrorism and the decline in oil prices, and the second crisis was the Corona pandemic, which led to the closure of global markets and a significant decline in oil prices, and thus large borrowings occurred."

He stresses that "domestic debt generally does not exceed 30% of the gross domestic product and is a debt within the government and not between the government and individuals or the market, and there are mechanisms to extinguish it within the government's financial and banking system, and therefore there are no risks."

Debt is not the perfect solution.

However, the economic expert, Dhurgham Muhammad Ali, sees the opposite of what the financial advisor said, and says in an interview with Shafaq News Agency, "The internal debts also pose a danger because they must be paid and must not exceed 50% of the country's annual gross domestic product."

He added, "Expanding domestic borrowing is not the ideal solution to cover the budget deficit, but rather it is an easy way to cover the deficit using primitive but effective methods, as long as they do not exceed the required limit, especially in light of the decline in financial inclusion and the low rates of bank deposits for the Iraqi citizen compared to neighboring countries."

He explains that "combating corruption and following up on Iraq's money that has been swallowed by corruption over the past years is slow and ineffective and faces obstacles and challenges, and recovering this money could pay off many internal debts."

hard currency

For his part, economic expert Hilal Al-Taan confirmed, in an interview with Shafaq News Agency, that "the internal debts do not have a significant impact on the Iraqi economy, and most of them are in favor of the Ministry of Finance, the Central Bank, and other ministries."

He believes that "the major impact on the economy is on foreign debts because they are settled in hard currency, unlike domestic debts, which are settled in national currency. The state must first reduce foreign debts."

The largest part of the domestic debt is owed to the Central Bank of Iraq, the Rafidain and Rashid banks, and the Trade Bank of Iraq, which lent the government large sums of money to cover the federal budget deficit. LINK

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

Militia Man  In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar... Quote:  "...this is done by removing a specific number of zeros from the nominal value of the currency."  From the value of the currency not the currency notes but the value of the currency...

Frank26   They tell you [Iraqi citizens] there is an imminent change coming to your currency almost every day now.  That is very exciting.  These are the words we've only dreamed about in the last 5 years.  To see them almost every day is rather shocking but very exciting right now...This is getting crazier and crazier every day with so much excitement and so much information about the monetary reform being sent directly pinpointed to you Iraqi citizens from Sudani.

 CBI of Iraq fishing for corrupt exchanges offices

Nader:  9-30-2024

https://www.youtube.com/watch?v=TmjyV3AHbZ8

MORE OPPORTUNITY THAN YOU CAN IMAGINE! Updates: Stocks, Gold, SILVER, Crypto. MORE!

Greg Mannarino:  9-30-2024

https://www.youtube.com/watch?v=4mfBhqz5uiA

Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-30-24

Good Afternoon Dinar Recaps,

CANADA SETS NEW DEADLINE FOR CRYPTO PLATFORMS TO COMPLY WITH STABLECOIN REGULATIONS

The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024.

UPDATED REGULATORY REQUIREMENTS
The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their governance, operations, and reserves. 

These measures aim to enhance the integrity of the Canadian capital markets and ensure the safety of investors engaging with crypto trading platforms. 

Recently, Canada has been in the news when its central bank announced a strategic shift away from developing a retail CBDC (Central Bank Digital Currency).

@ Newshounds News™

Source: Bitcoin News

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WIKI FINANCE EXPO DUBAI 2024 WILL BE HELD ON NOV 27TH!

FinTech, Forex, Crypto, Web 3.0, Metaverse, ESG and AI Will Be in Focus.

Taking place on Nov 27, 2024, Wiki Finance Expo Dubai 2024 is one of the largest and most influential FinTech and Web3.0 events in Asia in 2024.

@ Newshounds News™

Read more:     Blockchain Reporter     

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OHIO SENATOR INTRODUCES BILL TO ALLOW TAXES TO BE PAID IN BITCOIN

In what could be massive for Bitcoin and the crypto market, Ohio senator Niraj Antani has introduced a bill that would legalize BTC as a payment option for state taxes and other fees. Indeed, the legislation would be transformative in how it allows for the usage of cryptocurrencies for payments.

The bill was first introduced Monday and would create a new avenue for state financial obligations for Ohioans. Moreover, it could create increased adoption in the state, driving larger exposure to the leading cryptocurrency and other tokens through the key legislative change.

Ohio Bill Would Allow Bitcoin as Legal Payment for State Taxes and Other Fees
2024 is certainly Bitcoin’s year. In January, the asset had become the first crypto-based ETF in the United States. Just three months later, it surged to a $73,000 all-time high. Now, with October nearing, there are expectations that BTC could challenge that price.

While the asset is looking to surge, Ohio Senator Niraj Antani has recently introduced a bill that would allow both state and local taxes to be paid in Bitcoin and other crypto. Indeed, Antani took to X (formerly Twitter) to announce the new legislation that would change the landscape of Ohio finance.

Antani noted he had “introduced a bill [to] legalize the use of cryptocurrency to pay state and local taxes and fees.” Moreover, he said, “Cryptocurrency is not just the future- it’s the present.” The legislation would come five years after Ohio became the first state to accept crypto for tax payments.

However, a year after it was approved, the Ohio Attorney General ruled the State Board of Depostis had to approve the policy. That move stalled the development, with Antani looking to make amends. His move would put the state at the forefront of digital finance in the United States.

@ Newshounds News™

Source:  Watcher Guru

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TAIWAN NOW ALLOWS PROFESSIONAL INVESTORS TO ACCESS BITCOIN ETFS

In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds.

The crypto-based ETF market has surged in the United States this year. After receiving the first Bitcoin ETF approval in January, Ethereum quickly followed suit just a month earlier. Now, Taiwan has looked to expand “product choices,” for the country’s investors through its recent decision.

Taiwan FSC to Allow Crypto ETF Access in Notable Shift
2024 has been massive for Bitcoin, and its recently approved ETFs. Just last week, the ETFs of the leading crypto drew more than $1 billion in net inflows. 

That has proven to be its highest since July, and a notable shift from the last several months. It has investors clearly expecting a massive surge to come with October fast approaching.

As the market sentiment is beginning to shift, one country may be prepared to take advantage. Indeed, Taiwan has officially decided to allow professional investors access to foreign Bitcoin and crypto ETFs. The huge move will allow select individuals to have access to the crypto currency investment products.

The report notes that there is a specific criteria to meet for those hoping to invest. “Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors,” the FSC clarified.

Additionally, there must be a board-approved suitability assessment for securities firms looking to invest in crypto ETFs. This will coincide with mandatory educational efforts for businesses. Specifically, this will seek to teach more about cryptocurrency, and its inherent risks.

Yet, the decision still adds Taiwan to a list of nations looking to further embrace crypto as a growing,  globally important, asset class.

@ Newshounds News™

Source:  Watcher Guru

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TRUMP'S WORLD LIBERTY FINANCIAL OPENS KYC VERIFICATION

The project urges crypto's accredited investor class to "'Be DeFiant' and begin the KYC process.

Trump-backed World Liberty Financial has opened up Know Your Customer (KYC) verification on its official website for its upcoming public token sale.

What's the Scoop?

KYC Purpose: 

According to the homepage, information about the project is only accessible to those completing the KYC process. In the U.S., only accredited investors will be eligible.

Token Details: 

It was confirmed that World Liberty Financial will issue a non-transferable governance token, WLFI. Token distribution includes 63% to the public, 17% for rewards, and 20% for team compensation.

Bankless Take:
While we’re inching closer to World Liberty Financial’s launch, we’re inching closer to the election too. With the majority of crypto seeing WLFI as a net negative to Trump’s chance to win and potentially impeding bipartisan progress for crypto if he doesn’t, the KYC launch does little except heighten anxieties. Regardless, with less-than-desirable tokenomics, it will be interesting to see how much funding WLFI accrues for its non-transferable token sale.

@ Newshounds News™

Source:  Bankless

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🌍 Zimbabwe (RV) History  |  Youtube

@ 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” Monday 9-30-2024

Gold Wars: Here’s the Reason a Monetary Reboot Is Inching Closer Reveals Insider

Daniela Cambone:  8-30-2024

“I am worried that we have entered a period of higher and higher inflation and we have all the secular pressures for that,” David Daglio, former CIO of Mellon and strategic advisor for TwinFocus, reveals to Daniela Cambone.

He highlights that we might be approaching a “Bretton Woods moment,” indicating a significant shift in the global economic order reminiscent of the 1944 Bretton Woods Conference.

Daglio emphasizes the pivotal moment of seizing $600 billion from Russian citizens during the Ukraine war, which marked the U.S.'s first use of currency as a geopolitical weapon.

This bold action has sent shockwaves through global markets, fundamentally changing how countries view the reliability of the U.S. dollar. In light of these instabilities, David asserts that gold “is the most overlooked straight-up asset I have ever seen.”

Watch the eye-opening conversation to learn about the future of our global economy and the potential impact on your investments!

CHAPTERS:

00:00 Why hasn’t Wall Street embraced gold?

3:00 The Fed’s rate cutting

6:36 Jay Powell’s ego

7:29 Bretton Woods II moment

 9:15 Investment strategies

10:11 US debt

12:06 Economic outlook for next 5 years

https://www.youtube.com/watch?v=41GSwVw_HLQ

Now it's oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks

Geo Flux:  9-30-2024

China, the BRICS countries (Brazil, Russia, India, China, and South Africa), and OPEC+ are making moves to challenge the dominance of the US dollar in global oil trade.

The expansion of BRICS to include oil-rich nations like Saudi Arabia and Iran could be a strategic move to challenge the petrodollar system.

China and India are increasingly making deals to buy OPEC+ oil in currencies other than the US dollar, such as the Chinese yuan (petroyuan). Russia is seeking to diversify its energy partners to circumvent Western sanctions, with the BRICS countries now accounting for 90% of Russian energy export payments.

Saudi Arabia, a traditional US ally, has moved closer to China and Russia under Crown Prince Mohammed bin Salman and is considering joining BRICS. The BRICS nations are looking to establish a new reserve currency backed by a basket of their respective currencies, which would allow them to assert their economic independence and compete with the US dollar-dominated international financial system.

This could potentially lead to a decline in demand for the US dollar (de-dollarization) and significantly impact its global dominance.

https://www.youtube.com/watch?v=ltgQomAFC14

Could the US Just Stop Paying the Debt

Heresy Financial:  9-30-2024

TIMECODES

0:00 Intro

0:17 U.S. National Budget Deficit

 2:31 Should the Government Default

6:05 the Fed Would Step In

12:22 What Will Happen Next

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

Iraq Economic News and Points To Ponder Monday AM 9-30-24

What Happens After The Currency Auction Closes At The Central Bank Of Iraq?
 
September 29, 2024  Baghdad/Iraq Observer  The researcher and specialist in the financial and banking aspects, Mustafa Hantoush, commented on the participation of Prime Minister Muhammad Shiaa Al-Sudani in a dialogue session held by the American Chamber of Commerce and Al-Monitor, saying: “
 
The economic relationship between Iraq and America is a relationship based on Iraq’s dependence on oil, which is an “American equation,” as well as the strategic framework agreement. According to which the Federal Reserve will be the recipient of the Iraqi dollar from oil.”

Hantoush told the “Iraq Observer” agency that  most of Iraq’s reserves are in the dollar currency in addition to US treasury bonds, and  thus the relationship must be stable and be in accordance with clear plans.”

 He explained: “Most of Iraq’s reserves are in the dollar currency, in addition to US treasury bonds,” while stressing that the relationship should be stable and be in accordance with clear plans.
 
Prime Minister Muhammad Shiaa Al-Sudani participated in New York, after midnight last night, in a dialogue session held by the American Chamber of Commerce and Al-Monitor, in the presence of an elite group of investors, businessmen, representatives of American companies, and the Iraqi-American Business Council.
 
During the session, Al-Sudani pointed to the new reality of Iraq, which is witnessing an economic renaissance and development in all its sectors, and has also made great strides in the field of energy investment and associated gas, which has been wasted for years and inflicts on the country losses estimated at billions of dollars, due to the import of gas and oil derivatives.
 
Project series
 
Al-Sudani confirmed that the government has embarked on a series of rapid projects, including the important agreement with Total, which will contribute to increasing oil production and associated gas investment up to (600) million standard cubic feet, in addition to offering the fifth and sixth round annexes, and concluding contracts for oil production and gas investment,

indicating After the year 2028, Iraq will achieve self-sufficiency in gas, in addition to activating oil derivatives projects, including the strategic Karbala refinery, whose production capacity reaches 140 thousand barrels per day, as well as the rehabilitation of the Baiji refinery, which was completely destroyed during the battles to liberate Baiji, and whose production capacity reaches 150. One thousand barrels per day.
 
The following are the highlights of the Prime Minister’s speech during the dialogue session:
 
When I assumed my duties as prime minister, the associated gas investment was less than 40 percent, and now the percentage has risen to about 70 percent.
 
We have ended the import of petroleum derivatives, and  we will stop importing gasoline at the beginning of next year, after completing the FCC project in Basra.

Iraqi-American partnership
 
We are ready to enter into partnership with American companies in the oil industry sector.
 
Our vision is to transform 40% of the exported oil into downstream industries, which will give us more benefits than selling crude oil.
 
Our policy is based on diversifying the contracting parties that invest in our oil and gas fields without specific conditions.
 
The licensing round procedures are clear and transparent, and there is no favoritism or preference for one company over another.
 
Development cannot be achieved without a solid banking sector that operates in accordance with approved international standards, and

95% of financial transfers in Iraqi trade take place through reliable banks.
 
The window for selling the currency will be closed at the end of this year, and the money laundering office at the Central Bank is working effectively.
 
Banking sector reform
 
The government contracted with Ernst & Young to reform the government banking sector, and we strengthened citizen confidence in banks and expanded financial inclusion.
 
Today, Iraq is going through a stage of stability and recovery that has been unprecedented since 2003, and  it is an opportunity to support the transition from the stage of wars and conflicts to the stage of development and stability.  A stable Iraq in a sensitive region is beneficial to the world.
 
This is what we have seen since October 7, as Iraq maintained balance and calm to a great extent, and  
we kept Iraq away from the arena of conflict.
 
Our security forces have reached an advanced stage of capability and efficiency, and we have begun an armament program to enhance their capabilities, and ISIS today does not represent a threat to our security. We need American small and medium businesses to partner with Iraqi companies.
 
Leadership initiative
 
We work to create job opportunities for young people by activating the private sector or supporting their own projects, through several programs, including the “Riyada” initiative.

The size of the projects granted for investment will provide a large number of jobs, and the need for companies operating in Iraq to open training centers to develop the capabilities of young people.
 
We assured companies operating in the electricity sector of establishing station maintenance centers in order to speed up completion and reduce costs.
 
The government has a clear direction to support the agricultural sector, and peasants and farmers are in a transition phase to using modern irrigation technologies, which we supported by 30%.
 
We provided loans to workers in the food industry sector of various types, part of which is covered by sovereign guarantees.
 
The Central Bank has independence and exercises its powers with full professionalism, and our intention is to establish a new bank that adopts the latest technologies.
 
We invite all companies working in the field of electronic payment to work in Iraq and we will provide them with all facilities.
 
We have developed a plan to develop infrastructure, with allocations amounting to $83 billion.   
 
https://observeriraq.net/ماذا-بعد-غلق-مزاد-العملة-في-البنك-المرك/   

Why Is The Central Bank Reluctant To Implement The Measures Taken Against Iraqi Private Banks?
 
Economy  2024-09-27 | 06:24 3,326 views Alsumaria News – Local  Including liquidation and guardianship, as the Central Bank of Iraq took a number of decisions against a number of Iraqi private banks for violating banking instructions.
 
The source said in an interview with Al-Sumaria News, “The Babylon Bank was referred for forced liquidation, and  guardianship was imposed on the Al -Arabiya Middle East Islamic Bank and the Iraqi Investment Bank.”

The source indicated, "The period of guardianship over the Northern Bank will be extended until the 31st of next October." The source stated that "these decisions were taken with caution without knowing the reasons."  Economists wondered  “why the Central Bank was so patient with the decisions issued on these banks,” while some of them believed that “political pressure from higher authorities was exerted on the Central Bank with the aim of being patient in implementing those decisions.” 

While they pointed out that “this warns of the presence of corrupt parties standing behind these banks that have achieved failures in their work and violated the applicable laws and rules,” stressing  
“the necessity of amending the context of the work of these banks, which if their violations continue, it portends negative indicators on the Iraqi economy, which the government seeks to reform through A package of measures.   
 
https://www.alsumaria.tv/news/economy/501382/لماذا-تريث-البنك-المركزي-في-تنفيذ-الإجراءات-المتخذة-على-مصارف-أهلية-عر   

Erbil Branch Concludes A Training Course On The Comprehensive Central Banking System
 
September 29, 2024    The Central Bank of Iraq, Erbil branch, in cooperation with the Information Technology and Payments Department at the Central Bank of Iraq and the Office of Follow-up and Coordination of the Work of Bank Branches,
 
concluded the new training program on the comprehensive central banking system (core banking system - T24), in cooperation with Prema Consulting, which supervises the implementation of the central banking system. New (CBS – T24) for branch employees.
 
    The course witnessed the training of employees in the branch on the basics of the system by the company supervising the implementation of the new system within the framework of a plan to prepare and qualify the branch’s staff in order to achieve the best use of the system, which is one of the most important stages of reforming and developing the work of the banking sector in Iraq.     Central Bank of Iraq   Media office  September 29, 2024   https://cbi.iq/news/view/2678   

Warnings Of Imminent Economic Danger... And The Alternative Solution Is Taxes!
 
Special Sumerian     09-29-2024 | 05:12 3,150 views  Economic file... The decline in oil prices opens the door to relying on taxes to avoid deficits
 
As oil prices continue to decline globally, representatives in Committee Finance the Parliamentary reported that there is a tendency to impose taxes resources with the aim of strengthening financial.  
 
This step comes in light of warnings of imminent economic danger if reliance on oil continues as the main source of the budget.     
https://www.alsumaria.tv/news/alsumariaspecial/501571/تحذيرات-من-خطر-اقتصادي-وشيك-والحل-البديل-بالضرائب   

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